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Sri Lanka Equity Forum » Stock Market Talk » HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE

HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE

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1 HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE on Tue Nov 01, 2016 11:33 am

Blue blooded


Stock Analytic
Stock Analytic
HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE
 
Hayleys Fibre PLC which showed dramatic turnaround from last quarter 2015/16 had again recorded a net profit of Rs. 11.8M for the quarter ended Sept. 2016 in comparison to Rs. 2.5M for the corresponding period 2015/16. This records a phenomenal growth of 363%. EPS has grown from Rs. 0.27 to Rs. 1.48.
 
Similarly net profit for the 1st half increased to Rs. 26.3M compared to a loss of Rs. 3.9M for the corresponding period. E.P.S. has increased to Rs. 3.30 M from minus   (0.49) which is a remarkable growth.
 
This confirms sustainability of the good performance of HEXP including NPAT. According to reliable sources much awaited sale of property would take place early part of this month and the quarterly reports reconfirms sales of Ekala property for           Rs. 420M is in the process of disposal and net profit to by Rs. 215M. The investors should be on alert for this news which may come suddenly.
 
We refresh the memories of investors on positive implication from land sales as follows,
(1) Cash per share
To be increased by
Rs.
*    48.00
(2)  EPS    *
Rs. 22.84 + 3.30 + 6        Year end
Rs.
32.14
(3)  NAV    *
Rs. 22.84 + 62.56 = 85.4 + Rs. 6 
                                    Year end
Rs.
91.4
(4)  Price if PBV at 2
Rs.
182
(5)  Price if  PE at 8
Rs.
256
 
* Increase due to sale
 
 
[size=31](Stock Watch)[/size]

Teller

avatar
Moderator
We can say HEXP is massively under value now

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Blue blooded wrote:
HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE
 
Hayleys Fibre PLC which showed dramatic turnaround from last quarter 2015/16 had again recorded a net profit of Rs. 11.8M for the quarter ended Sept. 2016 in comparison to Rs. 2.5M for the corresponding period 2015/16. This records a phenomenal growth of 363%. EPS has grown from Rs. 0.27 to Rs. 1.48.
 
Similarly net profit for the 1st half increased to Rs. 26.3M compared to a loss of Rs. 3.9M for the corresponding period. E.P.S. has increased to Rs. 3.30 M from minus   (0.49) which is a remarkable growth.
 
This confirms sustainability of the good performance of HEXP including NPAT. According to reliable sources much awaited sale of property would take place early part of this month and the quarterly reports reconfirms sales of Ekala property for           Rs. 420M is in the process of disposal and net profit to by Rs. 215M. The investors should be on alert for this news which may come suddenly.
 
We refresh the memories of investors on positive implication from land sales as follows,
(1) Cash per share
To be increased by
Rs.
*    48.00
(2)  EPS    *
Rs. 22.84 + 3.30 + 6        Year end
Rs.
32.14
(3)  NAV    *
Rs. 22.84 + 62.56 = 85.4 + Rs. 6 
                                    Year end
Rs.
91.4
(4)  Price if PBV at 2
Rs.
182
(5)  Price if  PE at 8
Rs.
256
 
* Increase due to sale
 
 
[size=31](Stock Watch)[/size]


In above calculation, he says , EPS = 32.14  and PER 8 ,
EPS x PER = trading price
32 x 8 = 256.

He derived 256 as the should be trading price based on EPS and PER !


මේක සම්පූර්ණයෙන්ම පට්ට පල් බොරු ඉදිරිපත් කිරීමකි. මෙම ගණනයන් සිදුකර ඇති ක්‍රමය අමු බොරු වකි.

EPS හා PER සංසන් දනය කර අනාගත විකුණුම් මිල තීරණය කරන්නේ ආයතනයක මූලික ව්‍යාපාර ගනු දෙනු හා සැලකීමෙනි.
ඒවා එක වරක් අහඹු ලෙස කෙරෙන ඒව නොව නිති පතා කෙරෙන ව්‍යාපාරය යි.

උදා . බයිරහා ෆාම් එකේ බිත්තර දමා ඉවරවූ මවු  කිකිලියන් දහස් ගණන්  කරි චිකන් සඳහා මැරූ පසු ඒ  අතරින් එකෙක්  ගේ බඩේ  තිබී මැණිකක් හමු උනොත් එම මැණික විකුණා ලබන ආදායම EPS සඳහා ගනන් නොගනී.  

ඉහත HEXP  හී EPS  අගයයන් අරන් තිබෙන්නේ අන්න ඒ ලෙස ඉඩමක් විකුණා ලැබූ අහඹු ආදායමක් ඉදිරි සෑම කාර්තුවේම නැවත නැවත ලැබෙන සේ සලකාය​.  


එම නිසා ඒ අමූලික බොරු ගණනය ඔබලාව රැවටීම සඳහා කවුරුන් හෝ විළි ලැජ්ජ නැති  පෞර් ශයක් නැති කපටියෙක් කල එකකි.

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@Chinwi wrote:
@Blue blooded wrote:
HEXP – EXCELLENT SEPT. QUARTER PERFORMANCE
 
Hayleys Fibre PLC which showed dramatic turnaround from last quarter 2015/16 had again recorded a net profit of Rs. 11.8M for the quarter ended Sept. 2016 in comparison to Rs. 2.5M for the corresponding period 2015/16. This records a phenomenal growth of 363%. EPS has grown from Rs. 0.27 to Rs. 1.48.
 
Similarly net profit for the 1st half increased to Rs. 26.3M compared to a loss of Rs. 3.9M for the corresponding period. E.P.S. has increased to Rs. 3.30 M from minus   (0.49) which is a remarkable growth.
 
This confirms sustainability of the good performance of HEXP including NPAT. According to reliable sources much awaited sale of property would take place early part of this month and the quarterly reports reconfirms sales of Ekala property for           Rs. 420M is in the process of disposal and net profit to by Rs. 215M. The investors should be on alert for this news which may come suddenly.
 
We refresh the memories of investors on positive implication from land sales as follows,
(1) Cash per share
To be increased by
Rs.
*    48.00
(2)  EPS    *
Rs. 22.84 + 3.30 + 6        Year end
Rs.
32.14
(3)  NAV    *
Rs. 22.84 + 62.56 = 85.4 + Rs. 6 
                                    Year end
Rs.
91.4
(4)  Price if PBV at 2
Rs.
182
(5)  Price if  PE at 8
Rs.
256
 
* Increase due to sale
 
 
[size=31](Stock Watch)[/size]


In above calculation, he says , EPS = 32.14  and PER 8 ,
EPS x PER = trading price
32 x 8 = 256.

He derived 256 as the should be trading price based on EPS and PER !


මේක සම්පූර්ණයෙන්ම පට්ට පල් බොරු ඉදිරිපත් කිරීමකි. මෙම ගණනයන් සිදුකර ඇති ක්‍රමය අමු බොරු වකි.

EPS හා PER සංසන් දනය කර අනාගත විකුණුම් මිල තීරණය කරන්නේ ආයතනයක මූලික ව්‍යාපාර ගනු දෙනු හා සැලකීමෙනි.
ඒවා එක වරක් අහඹු ලෙස කෙරෙන ඒව නොව නිති පතා කෙරෙන ව්‍යාපාරය යි.

උදා . බයිරහා ෆාම් එකේ බිත්තර දමා ඉවරවූ මවු  කිකිලියන් දහස් ගණන්  කරි චිකන් සඳහා මැරූ පසු ඒ  අතරින් එකෙක්  ගේ බඩේ  තිබී මැණිකක් හමු උනොත් එම මැණික විකුණා ලබන ආදායම EPS සඳහා ගනන් නොගනී.  

ඉහත HEXP  හී EPS  අගයයන් අරන් තිබෙන්නේ අන්න ඒ ලෙස ඉඩමක් විකුණා ලැබූ අහඹු ආදායමක් ඉදිරි සෑම කාර්තුවේම නැවත නැවත ලැබෙන සේ සලකාය​.  


එම නිසා ඒ අමූලික බොරු ගණනය ඔබලාව රැවටීම සඳහා කවුරුන් හෝ විළි ලැජ්ජ නැති  පෞර් ශයක් නැති කපටියෙක් කල එකකි.
After a long time........... Brilliant post about HEXP Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy Very Happy

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thank you Chinwi for you wonderful clarification on HEXP Very Happy Very Happy Very Happy

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
to me. HEXP is over value at the moment.

no Land deal yet.


if it happen we can expect some good future(foundation done. but need to build the business) problem is no land deal conclude yet.

any ideas....

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