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Sri Lanka Equity Forum » Stock Market Talk » Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact

Teejay Jersey Lanka PLC - Depreciated Rupee had a very positive impact

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EquityChamp

avatar
Moderator
First topic message reminder :

The stock is very very bullish. Unable to do a further study because the cse.lk site is bullshit these days.



Last edited by EquityChamp on Fri Oct 07, 2016 6:45 am; edited 2 times in total


cruiserdude


Senior Equity Analytic
Senior Equity Analytic
Guys,
Can the American political scenario be an effect to TJL in long run? Specially if someone like Donald trump wins the election. I beleive America is one of the countries that buys our garments and Trump is a person who beleives in manufacturing in country than outsourcing.

EquityChamp


Moderator
TJL showing strong signs of surpassing 40/- level. It is a solid investment for long term investors.
GL.

EquityChamp


Moderator
1st quarter profits shot up by 93% due to strong growth in revenue. Looks like they are going to beat my forecast Shocked

kadik


Manager - Equity Analytics
Manager - Equity Analytics
it's almost ready for the next run up to 42-43

Teller


Moderator
This is the best share I invested in my life with average cost per share around 8/- rupees. Dividend received nearly total capital invested.
Well done TJL

kadik


Manager - Equity Analytics
Manager - Equity Analytics
agreed... well done TJL  heading to 42-43 levels

kapifm

avatar
Manager - Equity Analytics
Manager - Equity Analytics
I have made Profit..every time whenever i invest  IN TJL

ranjan01


Equity Analytic
Equity Analytic
Ec, 

This equity in galloping form. It will definitely beat your forecast. 

Any one knows about the state of GSP+ ? Lots of shares transacted last few days.

monash

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I beleive TJL at peak of its run and this will soon turnaround and settle down at around 40 for sometime before next run.

MGT is another valuable share in appereal sector that succeeded a massive turnaround over last 2 years. Their YoY profit before tax increased by 176% compared to 2015. ROE has grown to 11% compared to 2015. With TJL run MGT is yet to get attention of the traders. But it will soon start to follow TJL during next few weeks.

MGT is currently trading at 18.50-19.00 range. This will give minimum of 50% return wiithin this quarter with the gsp+ factor confirms.

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@kumarweerarathne wrote:Dividend declared, good profits,company enhanced,GSP+ on da way.. What else?? 45+ midterm.:-)

 Very Happy

kadik


Manager - Equity Analytics
Manager - Equity Analytics
considering the buying pressure. it should move further up....45 -46 is ok to exit...only temporary..

EquityChamp

avatar
Moderator
When the TJL price be upgraded to 50/-. I guess its very sooner than we thought. Be a wise investor. Yesterday I hinted 46/- and today it seems reaching there.

Thanks

kadik


Manager - Equity Analytics
Manager - Equity Analytics
yes..it seem not only the local investors, but also foreign investors are following you.. Very Happy Very Happy Very Happy

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
One of the best stock in my portfolio.
Any impact due to the name change and is there any potential reason behind the run?

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics
TJL is one of the best companies with great strategises and management. One reason for steady growth is their ability to invest in future. 
This should grow steady unless there is dramatic change in markets. 
GSP + still to come.
But there is danger with  TPP( trance pacific partnership) and sure TJL have plans for that.

EquityChamp

avatar
Moderator
TJL saw a net increase in foreign holdings by 2.4 Mn shares. This share is extremely bullish among foreigners even though foreign selling is huge today.

Teller

avatar
Moderator
I heard they are going to change their name . Is it true EC?

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics

@Teller wrote:I heard they are going to change their name . Is it true EC?
http://www.cse.lk/cmt/upload_cse_announcements/1701474450875_.pdf

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Is it good to exit now? Whats your view guys???

kcd1992


Equity Analytic
Equity Analytic
@thankrishan wrote:Is it good to exit now? Whats your view guys???

Exit ? why ?  Very Happy see it for yourself

kadik


Manager - Equity Analytics
Manager - Equity Analytics
it will pass 50 very soon.

kcd1992


Equity Analytic
Equity Analytic
It can come down to 46, 46.50 region temporary

vic19

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
TJL and HHL both going steady and strong...

kadik


Manager - Equity Analytics
Manager - Equity Analytics
TJL is good for long term investment.

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Teller wrote:I heard they are going to change their name . Is it true EC?

http://www.cse.lk/cmt/uploadAnnounceFiles/6861474545139_.pdf

EquityChamp

avatar
Moderator
TJL chart is a very strong bullish chart. its moving continuously and sustainable. It moved from 37 to 41 and now moving from 40 to 47.50. Medium term 55/- + is a real possibility.

EquityChamp

avatar
Moderator
Dear Members,
Based on the Q1 results I am upgrading TJL's full year revenue forecast to Rs21.4Bn and profit attributable to equity holders forecast to Rs2.8Bn.
I am expecting a revenue around Rs6Bn and profits around Rs720Mn for the upcoming quarter.
In terms of valuations the stock can be valued in the range of Rs37.4 to Rs53.7 based on historical PE averages, industry PE multiples and Market PE. And the current trading price of 47.1 is within this range but for me it seems that the stock is moving towards the higher band of the above valuation range if investors see TJL is on track to achieve the projected results during the coming quarters. 

 2010/112011/122012/132013/142014/152015/162016/17F
Turnover     9,285   12,364   10,951   12,725   13,678   17,830     21,396
GP margin11.7%10.3%11.6%11.5%11.9%16.9%17.0%
Net profits        685         629      1,016      1,153      1,332      2,172        2,781
NP margin7.4%5.1%9.3%9.1%9.7%12.2%13.0%
EPS         1.2          1.0          1.6          1.8          2.0          3.1            4.0
DPS 0.481.241.31.31.6         1.70
DY %   8.2%5.4%5.0%4.6%
PER              -               -           9.0        11.9        10.2          11.9

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...

EquityChamp

avatar
Moderator
@Brinthan wrote:After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...

I couldn't follow. What were the main points in that speech.

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@EquityChamp wrote:
@Brinthan wrote:After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...

I couldn't follow. What were the main points in that speech.


For TJL it is not a negative news as far as TJL concern, they are doing really well even without GSP+. TJL are doing really well. When sri lanka get the GSP+ it will be another boost for it.

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@EquityChamp wrote:
@Brinthan wrote:After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...

I couldn't follow. What were the main points in that speech.
EC sir Omega plus uploaded that speech...

Thanx Omega plus for that...

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@omegaplus wrote:
@EquityChamp wrote:
@Brinthan wrote:After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...

I couldn't follow. What were the main points in that speech.


For TJL it is not a negative news as far as TJL concern, they are doing really well even without GSP+. TJL are doing really well. When sri lanka get the GSP+ it will be another boost for it.
I am not going to say it is negative factor for TJL but it will slowdown the uptrend momentum and possible turn around also expected..

vic19

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Brinthan wrote:After the RW yesterday speech ,We can expect Today onwards Foriegners continuesly exit from specially TJL...
i don't understand as to why you have arrived at these conclusion.

I suggest you to listen to his speech again.

for me I don't think any one will exit after hearing that speech ........

Rolling EyesRolling EyesRolling Eyes

EquityChamp

avatar
Moderator
TJL doesn't dependent on GSP+. It is certainly not limping now without GSP+.

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Even without the GSP+, this will be a winning stock.

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@thankrishan wrote:Even without the GSP+, this will be a winning stock.
Last few years TJL doing extremely well.
It was , is and it will be a winning stock regardless of GSP+. 
If we get GSP+ that will be  extra boost.

Kashyapa Senarathne

avatar
Senior Equity Analytic
Senior Equity Analytic

EquityChamp

avatar
Moderator
@omegaplus wrote:
@thankrishan wrote:Even without the GSP+, this will be a winning stock.
Last few years TJL doing extremely well.
It was , is and it will be a winning stock regardless of GSP+. 
If we get GSP+ that will be  extra boost.

True. The business model is strong and fundamental.

EquityChamp

avatar
Moderator
As I said TJL is not limping without GSP+. They have made 400Mn in Q1 and now 590Mn in Q2. My target of 2.8Bn for 2016/17 FY is certainly not a dream. I invite investors who are not fear of blood to come out and take proper decision for you own future.

Thanks

omegaplus

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@EquityChamp wrote:As I said TJL is not limping without GSP+. They have made 400Mn in Q1 and now 590Mn in Q2. My target of 2.8Bn for 2016/17 FY is certainly not a dream. I invite investors who are not fear of blood to come out and take proper decision for you own future.

Thanks

Yes they are doing well and going to have a another great FY.
GSP+, it's going to be extra boost.

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The price below 45/- is attractive those who are re enter this share....Don't miss i thought tomorrow is the day...Cheers..

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Rupee depreciation
GSP+
Upcoming dividend
Year end financials

With the boost of the above where the price will get stabilized?

Deen79


Equity Analytic
Equity Analytic
Hard to say, another two quarters like this one and stock will tank. I hold TJL too so lets hope it goes up!

samcader


Manager - Equity Analytics
Manager - Equity Analytics
TJL  haas  been  announcing a  dividend  during  the Month  of  May  during  the  last  few  years  as  such  a  dividend  announcement  is  awaited

EquityChamp

avatar
Moderator
You don't need to worry with TJL. Just because we saw few quarters of reduced profit that doesn't mean that the company is dead. We have to look at their future plans, industry growth potential, why the profits declined for the last two quarters, etc. A big plus factor is the share is stabilizing @ 40 levels and foreigners too buying in big at the same level.

TJL future will be bright. I will publish the updated estimates shortly.

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