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Sri Lanka Equity Forum » Stock Market Talk » TO BE WATCHED -CHEMANEX

TO BE WATCHED -CHEMANEX

Go down  Message [Page 1 of 1]

1TO BE WATCHED -CHEMANEX Empty TO BE WATCHED -CHEMANEX on Mon Oct 10, 2016 6:51 pm

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CHEMANEX to be watched.


EPS       7.2

NAV    114.8


1.Profit significantly increased in last 2 quarters.Main chemical profit increase 5times in last quarter comparing to same quarter in last year(28M from 5M).

2.The price is at bottom level around 64.Few years back it traded more than 120.

3.Out of 15.75M shares,Public have 1.5M shares only.

2TO BE WATCHED -CHEMANEX Empty Re: TO BE WATCHED -CHEMANEX on Mon Oct 10, 2016 7:01 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
I also have CHMX at price of 61.20. My intial target was 68 but I have been holding this for 2 months now. Because of that I decided to hold it until it reach 80 because if 68 broken this can go to 80 in my view.

3TO BE WATCHED -CHEMANEX Empty Re: TO BE WATCHED -CHEMANEX on Mon Oct 10, 2016 8:04 pm

EquityChamp

EquityChamp
Moderator
Moderator
Look at CIC too.

4TO BE WATCHED -CHEMANEX Empty Re: TO BE WATCHED -CHEMANEX on Tue Oct 11, 2016 2:28 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Yahapalanaya wrote:CHEMANEX to be watched.


EPS       7.2

NAV    114.8


1.Profit significantly increased in last 2 quarters.Main chemical profit increase 5times in last quarter comparing to same quarter in last year(28M from 5M).

2.The price is at bottom level around 64.Few years back it traded more than 120.

3.Out of 15.75M shares,Public have 1.5M shares only.
True Chemanex is only to be watched and not to be touched.

Inconsistent earnings for the last 2 years with Q4 of 2015 recorded losses.

However, 2016 Q1 eps was 1/87.

Its worth watching September end Qtr results. No shares traded today.

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