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» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyToday at 8:13 pm by Lee Goh

» Equation of Happiness Solved
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyToday at 5:23 pm by Backstage

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Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyToday at 4:19 pm by HUNTER

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyToday at 12:31 pm by Rana

» Gota's Era
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyToday at 9:39 am by කිත්සිරි ද සිල්වා

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyYesterday at 6:41 pm by soileconomy

» East West properties
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyYesterday at 10:01 am by LSE

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySun Dec 08, 2019 11:07 pm by spw19721

» MHDL Millennium Housing
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySat Dec 07, 2019 12:35 pm by pure equity

» පොළී මුදලාලිලාට බලපත්‍ර ක්‍රමයක් හඳුන්වා දෙන්න තීරණයක්
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Dec 06, 2019 11:33 pm by Backstage

» Dividend Announcement
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Dec 06, 2019 10:10 pm by subash

» Colombo US Embassy Air Pollution
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Dec 06, 2019 11:20 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Dec 06, 2019 5:24 am by soileconomy

» SINHAPUTHRA FINANCE PLC (SFL.N0000)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Dec 05, 2019 9:26 pm by The Invisible

» Land & Property sector chart
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Dec 05, 2019 6:27 am by dhanurrox

» සිමෙන්ති මිල පහළට
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Dec 04, 2019 7:05 pm by nihal123

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Dec 04, 2019 7:04 pm by nihal123

» පාස්කු ප්‍රහාරයෙන් පසු වැඩිම සංචාරක පැමිණීම නොවැම්බරයේ දී
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Dec 04, 2019 7:02 pm by nihal123

» Flying is the Safest mode of Transport
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Dec 04, 2019 10:37 am by කිත්සිරි ද සිල්වා

» OSEA .N
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Dec 03, 2019 3:36 pm by dakzsl

» LIOC.N0000 (Lanka IOC PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Dec 03, 2019 11:39 am by LSE

» Hayleys MGT
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Dec 03, 2019 10:10 am by The Invisible

» Sri Lanka insurer regulatory capital drop with new accounting rules
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Dec 03, 2019 9:19 am by The Invisible

» Thread for News on CSE and SL Economy
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Dec 03, 2019 9:18 am by The Invisible

» Lanka Tiles
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySun Dec 01, 2019 8:43 pm by soileconomy

» ACL Cables
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Nov 29, 2019 11:12 am by The Invisible

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Nov 28, 2019 6:04 am by sureshot

» SEYB.N0000 ( SEYLAN BANK PLC )
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Nov 28, 2019 4:17 am by soileconomy

» Thought for the day...
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 26, 2019 7:40 pm by share1

» An Attitude Adjustment
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 26, 2019 12:36 pm by Backstage

» මහ බැංකු අධිපති ධූරයෙන් ඉවත් වෙයි
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 26, 2019 11:00 am by The Invisible

» Sri Lanka cement production picks up
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 26, 2019 9:22 am by Topcat

» Thread for News on Local and Foreign Politics
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 26, 2019 7:04 am by The Invisible

» SEC Chief says ready to hand over baton
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyMon Nov 25, 2019 8:12 pm by ruwan326

» Technology~විද්‍යාව ~ Wisdom
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyMon Nov 25, 2019 8:36 am by ruwan326

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Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySun Nov 24, 2019 5:18 pm by spw19721

» SHL.N0000 (Softlogic Holdings PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySun Nov 24, 2019 9:44 am by The Invisible

» An individual in pursuit of a porcupine found dead in a burrow
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Nov 21, 2019 11:41 am by Backstage

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Nov 21, 2019 7:51 am by ruwan326

» APLA.N0000 (ACL PLASTICS PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Nov 20, 2019 11:03 pm by nesta

» භාරකාර ආණ්ඩුවක් හෙට
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Nov 20, 2019 7:19 pm by nihal123

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Nov 20, 2019 9:28 am by ruwan326

» මගේ කියවීම ...
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyWed Nov 20, 2019 8:28 am by yellow knife

» How the silence on this !
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyTue Nov 19, 2019 5:40 pm by Backstage

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyMon Nov 18, 2019 9:15 am by ruwan326

» ඇයි අප්සට් ද?
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySat Nov 16, 2019 4:57 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptySat Nov 16, 2019 7:18 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Nov 15, 2019 1:54 pm by nihal123

» Puolanka The most pessimistic town
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyFri Nov 15, 2019 1:14 pm by Backstage

» SAMP.N0000 (SAMPATH BANK PLC)
Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities EmptyThu Nov 14, 2019 5:13 am by NIRMALSG

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Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities

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Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities Empty Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities

Post by CSE.SAS on Fri Feb 19, 2016 10:49 pm

Click the below link to download the Report of Sunshine Holdings PLC - (SUN) - Q3 FY 16 - BUY --- Bartleet Religare Securities

[You must be registered and logged in to see this link.]

Strong upside continues despite subpar growth: BUY

SUN recorded a recurring net profit ~5% higher YoY to LKR 391mn in Q3 FY 16 with an EPS of LKR 1.30 (BRS estimate – LKR 1.51). Agri segment continued to be the biggest contributor to bottom line with a contribution of ~45%. Profit margins in this segment improved to 16% from 13% YoY as improved quality in tea assisted the company to attract a higher price at the Colombo auction. Weakening of LKR affected the margins in healthcare segment. FMCG segment too saw EBIT margins contracting from 18.6% to 13.6% as raw material prices rose during Q3 FY 16. Group top line improved 5.3% YoY to LKR 4.2bn, with Healthcare being the highest contributor at 43%. We expect Healthcare and FMCG segments to continue to drive group’s performance going forward despite a contraction in margins in the short run. Based on a free cash flow valuation we have arrived at a target price of LKR 64 allowing an upside of 23% on CMP. We recommend BUY.

CSE.SAS

Posts : 263
Join date : 2014-02-23

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