The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
TKYO - Corporate Update - STRONG BUY - 20 09 16 EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

    TKYO - Corporate Update - STRONG BUY - 20 09 16

    avatar
    CSE.SAS


    Posts : 263
    Join date : 2014-02-23

    TKYO - Corporate Update - STRONG BUY - 20 09 16 Empty TKYO - Corporate Update - STRONG BUY - 20 09 16

    Post by CSE.SAS Tue Oct 04, 2016 8:29 pm

    TOKYO CEMENT COMPANY (LANKA) PLC

    Corporate Update - STRONG BUY

    Current Price: LKR 54.9/45.1 Fair Value: LKR 83.0/66.0

    “Pillars of Success”

    Click the below link to download the Report of FC Research - TKYO - Corporate Update - STRONG BUY - 20 09 16


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

    Tokyo Cement Company (Lanka) PLC, one of the two cement manufacturers in Sri Lanka is expected to grow its earnings at a CAGR of c.20% FY16-FY19E reaching c.LKR 3.0Bn in FY18E and c.LKR 3.4Bn in FY19E. TKYO is expected to grow its earnings mainly through increase in its topline by seizing the opportunities created by the boom in the construction sector coupled with enhanced capacity. FC Research expect TKYO.N and TKYO.X to provide a return of 39% and 37% at LKR 54.9 and LKR 45.1 respectively. STRONG BUY

    Construction sector boom to improve topline: TKYO’s topline is expected to register a YoY growth of c.15% and c.17% to reach c.LKR 34.8Bn and c.LKR 40.8Bn in FY17E and FY18E respectively resultant to the boom in the construction sector coupled with the investment into capacity enhancement to reach total plant capacity to 2.8Mn MT that’s coming into effect by end 2016 and increased Maximum Retail Price (MRP) of cement towards the latter part of the 1H2016.

    Improved Margins driven by increased volumes and cost efficacies: GP, EBIT and NP margins are expected to register at c.24%, c.11% and c.7% respectively in FY17E as opposed to 23%, 10% and 6.5% recorded in FY16 on the back of lower cost of production coupled with the comparatively lower commodity prices that are yet to recover and cost savings resulting from the increase in renewable energy generation.

    Risks associated: Given the nature of the industry TKYO is exposed to exchange rate, fluctuations in commodity price, change in government policy and rivalry competition risks.

    TKYO to provide a 58% and 55%return over 18-months period: FC Research expect TKYO.N to achieve a fair value of LKR 83.0 providing a total return of 58% (Dividend yield 7%) over 18-month period. [DCF based LKR 83.8 and PER based LKR 81.4] while TKYO.X to provide a return of 55% at LKR 66.0.

    Disclosure:

    FFirst Capital Group and its affiliates holds 86,980 shares in TKYO. Neither First Capital Group nor its affiliates have traded in the shares in the three trading days prior to this document, and will not trade in the shares for three trading days following the issue of this document.

      Current date/time is Sat Jun 22, 2024 7:47 am