Textured Jersey Lanka PLC
standard

Textured Jersey Lanka PLC – Interim Update Q4 FY 14/15

Annual revenue increased by 7.5% compared to previous year while gross profit margin slightly increased. Other income has increased by 64% YoY while distribution and administration cost has increased by 6.6%. Net profit attributable to common shareholders increased by 16% YoY while maintaining gearing at zero level. Investment Considerations TJL has made its highest ever […]

READ ARTICLE
Royal Ceramics Lanka PLC
standard

Royal Ceramics Lanka PLC – Interim Update Q4 FY 14/15

Annual revenue increased by 13% compared to the previous year while gross profit margin slightly increased to 30% from 29%. 55% increase in net profits could be attributed to reduction in finance expenses (31%) and increase in profits (114%) of the associate company (LB Finance). Investment Considerations The country recorded a GDP of 7.4% in […]

READ ARTICLE
Saner valuations still don’t reflect the flat outlook
standard

Saner valuations still don’t reflect the flat outlook

Sri Lankan tourism has been in the receiving end of accolades since the cessation of hostilities in 2009 and has clearly leapfrogged in earnings, occupancies and the profile of the inbound tourists. However, the almost panicky post-war buying spree made the sector irrelevant from an investment perspective. At its peak in 2010, the sector historical […]

READ ARTICLE
Enhancing Knowledge Capacity for Sri Lanka’s Energy Sector: Takeaways from the Energy Symposium
standard

Enhancing Knowledge Capacity for Sri Lanka’s Energy Sector: Takeaways from the Energy Symposium

It is now recognised that for developing countries like Sri Lanka, meeting the energy needs of an economy aspiring to achieve rapid growth, while ensuring environmental sustainability, is a key challenge. The Energy Symposium held last week, organized by the Ministry of Power and Energy on the theme ‘Energy Challenges in the Knowledge Economy’ was […]

READ ARTICLE
Piramal Glass Ceylon PLC
standard

Piramal Glass Ceylon PLC – (GLAS) – Q4 FY 15 – SELL

GLAS bottom line doubled YoY off a low base to LKR 209mn resulting in an EPS of LKR 0.22. The festive seasons’ higher alcohol sales resulted in the increase in glass bottles being sold. EBIT margin too more than doubled YoY to 15.5% (Q4 FY 14 – 7.3%) aided by cost savings through higher volumes. […]

READ ARTICLE
Charting a Course for Sri Lanka’s Economy: Politics Triumph Economics for Now
standard

Charting a Course for Sri Lanka’s Economy: Politics Triumph Economics for Now

Sri Lankans might be forgiven for thinking that the country’s economy must be sufficiently strong to be put on auto-pilot indefinitely while policy makers focus their energies almost entirely on political reforms for the better part of six months. Indeed, it appears to fall back on the belief that the economy is inherently resilient, based […]

READ ARTICLE
Vallibel Power Erathna PLC
standard

Vallibel Power Erathna PLC – Upside continues despite volume revision : BUY

VPEL’s Q4 FY 15 PAT tripled YoY to LKR 11mn (Q4 FY 14 – LKR 3.50mn) supported by higher tariff rates, revised in September 2014. The decline in finance cost by 53% YoY to LKR 15.50mn assisted bottom line during the period. However, the performance for the quarter was below par mainly owing to the […]

READ ARTICLE
Initiation Coverage
standard

Initiation Coverage – John Keells Holdings PLC (JKH.N0000)

Sri Lanka is poised for robust economic expansion from the revival of the economy after the end of civil conflict in 2009 and ensued progression made by the country with more stable macro economic fundamentals. Country’s GDP has grown by 7.5% in real terms since 2009 and is expected to continue similar growth momentum. JKH […]

READ ARTICLE
Casino Ban Fails to Deter Developer’s Postwar Sri Lanka Plan
standard

Casino Ban Fails to Deter Developer’s Postwar Sri Lanka Plan

A ban on casinos by Sri Lanka’s new government isn’t stopping the nation’s biggest conglomerate from pressing ahead with a $850 million development project as the island rebuilds from a 30-year civil war. Lenders are fully committed to John Keells Holdings Plc.’s Waterfront Properties mixed development project in Colombo though the absence of a casino […]

READ ARTICLE
The Evolving Dynamics of the Global Oil Market
standard

The Evolving Dynamics of the Global Oil Market

Two years ago when Robert Wescott – a former economic advisor to US President Bill Clinton – told a group of us at an economics forum that in a few years the price of oil will drop sharply to undermine alternative unconventional sources, few in the room believed him. It was an era of 100-dollar […]

READ ARTICLE
Adopting a Blue Economy Approach in Sri Lanka
standard

Adopting a Blue Economy Approach in Sri Lanka

The development process known as ‘Greening’ has been the foremost topic of discussion for years, while ‘Blue’ seems to be the new ‘colour’ entering the ongoing dialogue. ‘Blue’ talks about the use of ocean and its resources sustainably. The blue economy approach will not replace but mutually support the green economy, for the use of […]

READ ARTICLE