Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1135 ]
27% 27% [ 423 ]

Total Votes : 1558

Latest topics
» RAL with Max Profit.....
by Be Rich Today at 12:24 am

» TAP TAP TAP .......9+++++++++
by ddrperera Yesterday at 11:38 pm

» KZOO WHO IS THE SELLER?
by ddrperera Yesterday at 11:30 pm

» My 6th year celebration in sri lanka equity forum
by ddrperera Yesterday at 11:25 pm

» ENTRUST SECURITIES PLC
by ddrperera Yesterday at 11:19 pm

» AINV............1.20
by wisdom79 Yesterday at 9:23 pm

» plantation shares.....
by Ran49 Yesterday at 9:12 pm

» Buy TKYO - will be 100
by sharemarket Yesterday at 8:11 pm

» AINV.N Starts again ?
by prabath Yesterday at 7:19 pm

» JKH - FOREIGNERS RESORT TO DUMP & PUMP!
by Teller Yesterday at 7:01 pm

» Palmgarden hotel
by gamagevidana Yesterday at 6:20 pm

» How 2 1/2 Years of increased taxation by 'Adooradarshipalanaya' has slowed down the Economy and how the new proposed taxation will further bring down our economy
by samaritan Yesterday at 11:47 am

» Dividend දෙන ශේයර්ස්
by saliya1000 Yesterday at 9:11 am

» CIFL.N flying
by fortuneteller Yesterday at 7:15 am

» CITH AMALGAMATION....
by dsam Fri Jul 21, 2017 11:22 pm

» AAF & CIFL.
by soileconomy Fri Jul 21, 2017 9:49 pm

» PCHH @ 0.90
by dow Fri Jul 21, 2017 6:02 pm

» AINV.N playing like crazy
by Neluka Karannagoda Fri Jul 21, 2017 10:31 am

» When Market drops higher foreign purchases
by prabath Fri Jul 21, 2017 8:11 am

» DONT SELL LIOC
by Ran49 Fri Jul 21, 2017 8:08 am

» CIFL......
by sameboy Thu Jul 20, 2017 9:55 pm

» REEF future
by Ran49 Thu Jul 20, 2017 9:21 pm

» CSEC and CFVF
by monash Thu Jul 20, 2017 2:37 pm

» Soy- nobody spoke about
by reyaz Thu Jul 20, 2017 2:07 pm

» What is the situation of PCP.N ?
by Neluka Karannagoda Thu Jul 20, 2017 10:21 am

» LLUB any news?
by thankrishan Thu Jul 20, 2017 8:56 am

» JKH Uptrend
by Teller Wed Jul 19, 2017 8:32 pm

» RICH share price is up from 4th July.
by Teller Wed Jul 19, 2017 8:07 pm

» MTD WALKERS (KAPI.N) TO HIT 40 OR HIGHER
by reyaz Wed Jul 19, 2017 7:09 pm

» Sri Lanka: HNB Bank Accidentally leaks out Priority Customers List in Email - Facebook Post form Official HNB Page
by reyaz Wed Jul 19, 2017 7:03 pm

» ASPI 7000 - VERY SOON
by reyaz Wed Jul 19, 2017 6:49 pm

» sirasa news 1st(16.09.2011)_Dr.Harsha_about manipulators
by reyaz Wed Jul 19, 2017 6:37 pm

» Good News regarding Dengue
by Neluka Karannagoda Wed Jul 19, 2017 1:30 pm

» SELL ALUM SHARES IMMEDIATELY..
by sakuni Wed Jul 19, 2017 12:43 pm

» asi going down.....
by nigma Wed Jul 19, 2017 12:35 pm

» මුංගෙ පවුල් පිටින් හෙණ ගහල මළත් මදී....
by kalu_mahaththaya Wed Jul 19, 2017 11:56 am

» Sri Lanka President battles to keep coalition, ultimatum backfires
by reyaz Wed Jul 19, 2017 9:11 am

» COTTON PRICES going down after the bullishness ..... GOOD For MGT/TJL
by kcrRanz Wed Jul 19, 2017 8:52 am

» Please give your comments
by deli Wed Jul 19, 2017 7:31 am

» MADU .......
by ru1ru1 Tue Jul 18, 2017 11:49 pm

» KZOO.N0000 Will Rise Up
by fortuneteller Tue Jul 18, 2017 8:58 pm

» The Finance Company ----TFC........???
by Teller Tue Jul 18, 2017 8:01 pm

» could the stock broker block my acc....
by Teller Tue Jul 18, 2017 7:58 pm

» HEXP next run
by anges Tue Jul 18, 2017 7:19 pm

» ABANS Unfair Offer Price
by Wimal Modawansa Tue Jul 18, 2017 6:51 pm

» CITW converted share
by Eugine Fernando Tue Jul 18, 2017 2:38 pm

» Top global fund manager upbeat on Sri Lanka’s future prospects
by worthiness Tue Jul 18, 2017 1:47 pm

» BFN DIVIDENT Announced !!!!!
by ruwan326 Tue Jul 18, 2017 1:09 pm

» Mr Saman vs HARI
by ruwan326 Tue Jul 18, 2017 10:55 am

» LIOC Future in AUGUST
by thankrishan Tue Jul 18, 2017 9:41 am

» IMF APPROVES $167.2MILLION
by Yahapalanaya Tue Jul 18, 2017 9:24 am

» TO ADMIN: How can unlock the login
by Ran49 Mon Jul 17, 2017 9:32 pm

» BFN 18+ guaranteed
by Maharaja Mon Jul 17, 2017 8:32 pm

» GEMS in AUGUST & SEPTEMBER
by Ran49 Mon Jul 17, 2017 8:25 pm

» BLI's wife - BFN
by Maharaja Mon Jul 17, 2017 5:02 pm

» LIOC - NAV Rs. 40/=
by thankrishan Mon Jul 17, 2017 2:58 pm

» Any news of trading halt or suspension of AINV.N ?
by Neluka Karannagoda Mon Jul 17, 2017 11:36 am

» TB Rates ....
by Vacations To Sri Lanka Mon Jul 17, 2017 9:03 am

» NEXT BOOM ODEL TRAGET PRICE 35..FOREIGN PARTY ATTRACTION...
by soileconomy Mon Jul 17, 2017 7:15 am

» Will HARRY JAYAWARDENA lose his entire business helm
by soileconomy Mon Jul 17, 2017 7:05 am

» CSE BULL UNDER YAHAPALANAYA
by predictor Mon Jul 17, 2017 12:02 am

» LEASING GIANT PLC WITH NEW MANAGEMENT...TARGET PRICE 20
by ddrperera Sun Jul 16, 2017 10:49 pm

» H. Port in the Queue now.......
by stockback Sat Jul 15, 2017 9:43 pm

» DPL..........WINNERS CAN buy............!
by Teller Sat Jul 15, 2017 4:44 pm

» ABANS FINANCE UNDER INVESTIGATION BY CSE AND SEC?
by fortuneteller Sat Jul 15, 2017 12:11 pm

» TILE Sector
by bonbon Fri Jul 14, 2017 8:55 pm

» Market 40 points up
by prabath Fri Jul 14, 2017 4:51 pm

» Commodities & Indices Trading In Sri Lanka made easy by forex4srilanka
by forex4srilanka Fri Jul 14, 2017 1:44 pm

» Sri Lanka Royal Ceramics increasing production of porcelain tiles
by Harry82 Fri Jul 14, 2017 12:07 pm

» LOFC Chart 28.04.2017 (weekly chart)
by stockback Fri Jul 14, 2017 10:23 am

» KZOO-Be Careful
by fortuneteller Fri Jul 14, 2017 9:56 am

» VONE will Hit Soon with Anual Report
by Elahara Fri Jul 14, 2017 7:42 am

» Super news for Market RUN
by Maharaja Thu Jul 13, 2017 11:12 pm

» Apla is very attractive
by predictor Thu Jul 13, 2017 9:32 pm

» Is Tess most benifited company under the GSP+ .
by buddikasmart Thu Jul 13, 2017 1:49 pm

» 1 GIGA data missing.
by buddikasmart Thu Jul 13, 2017 1:33 pm

» VEHICLE PRICE BUDGET
by D.G.Dayaratne Thu Jul 13, 2017 12:07 pm

» GRAN VS TELLER
by Deen79 Thu Jul 13, 2017 9:24 am

» WORLD BANK SUPPORT
by Maharaja Thu Jul 13, 2017 8:14 am

» What will happned to REEF after RESTRUCTURED
by Ran49 Wed Jul 12, 2017 8:50 pm

» TAFL future
by DS Wijesinghe Wed Jul 12, 2017 8:31 pm

» BOPL N future share price.................................................................................
by kjojo Wed Jul 12, 2017 8:26 pm

» e-channeling price is very attractive
by Teller Wed Jul 12, 2017 7:48 pm

» DOCKYARD eka mokada wenne??
by Teller Wed Jul 12, 2017 7:39 pm

» CFVF Vs CSEC....
by kcrRanz Wed Jul 12, 2017 2:24 pm

» RHL HAS POTENTIAL FOR SUBSTANTIAL APPRECIATION
by samaritan Wed Jul 12, 2017 9:53 am

» RENUKA CAPITAL PLC-Fomer KZOO
by fortuneteller Wed Jul 12, 2017 9:33 am

» KZOO.N STAY AWAY TILL 13th JULY
by fortuneteller Wed Jul 12, 2017 9:32 am

» Net Foreign Inflows Hit a New High
by Investor1994 Wed Jul 12, 2017 6:56 am

» NDB Securities expects FMCG sector to continue to grow, albeit at a slower pace
by ONTHEMONEY Tue Jul 11, 2017 2:37 pm

» AINV.N starts its game
by Neluka Karannagoda Tue Jul 11, 2017 1:43 pm

» More money coming to CSE
by Elahara Tue Jul 11, 2017 9:09 am

» CITK TRADING SUSPENDED - WHY?
by Elahara Tue Jul 11, 2017 9:06 am

» NEXT WEEK RUNNING SHARES
by Elahara Tue Jul 11, 2017 9:05 am

» Net foreign inflows hit new record
by worthiness Tue Jul 11, 2017 7:29 am

» Banking sector growth forcast...
by Teller Tue Jul 11, 2017 12:46 am

» Rupee decline trend continues..
by Teller Tue Jul 11, 2017 12:38 am

» Any News on RICH........
by Teller Mon Jul 10, 2017 10:17 pm

» WAPO mokada idiriyata wenne kiyanna kauda danne?
by Teller Mon Jul 10, 2017 9:35 pm

Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

View previous topic View next topic Go down

Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by Rifanmoh on Wed Jan 25, 2017 5:09 pm

BFL QoQ PAT grew by 42.8% while TAFL's PAT grew by 10%

Rifanmoh
Equity Analytic
Equity Analytic

Posts : 26
Equity Stars : 238
Reputation : 1
Join date : 2016-12-28
Location : Colombo

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by jayathu on Thu Jan 26, 2017 8:44 am

Good performance by BFL but unfortunately overall market situation is sad. MY avg price is 188, currently trading way below that. It should be trading at least above 250 level right nw according to the current profitability.

jayathu
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Posts : 933
Equity Stars : 2354
Reputation : 22
Join date : 2014-03-02

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by Rifanmoh on Thu Jan 26, 2017 8:52 am

That is the pathetic situation now.

Compared to GRAN and TAFL, BFL looks very attractive in terms of P/E, Dividend yield and profit growth.

The demand for chicken continues to grow.

Rifanmoh
Equity Analytic
Equity Analytic

Posts : 26
Equity Stars : 238
Reputation : 1
Join date : 2016-12-28
Location : Colombo

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by worthiness on Thu Jan 26, 2017 7:37 pm

Unless strong market is convinced to investors no counters, even healthy with growth prospectus, shall perform well at the trading floor. SEC authorities at least must present an action plan to overcome current situation for future market development.

worthiness
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2468
Equity Stars : 6332
Reputation : 114
Join date : 2011-04-08

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by Hawk Eye on Wed Feb 01, 2017 9:32 pm

Lets start with the Economic indicators : GDP growth rate were 4.8% and 4.9% respectively for 2015 and 2016. GDP forecast for 2017 expected to go up surpassing 5% from Q2. The improving per capita income is expected to improve the living standards and purchasing power of consumers. On the other hand, gradually increasing Interest rates and Tax hikes will give a pressure on the inflation therefore some impact on chicken demand. Government introduced a price control on skinless chicken capped at a price of Rs. 495/- per kilogram compared to 480/-  last year. All these economic factors working together we have to see how the Demand is affected and how the Poultry sector performs in to future
 
Something else to be considered with our inconsistent Government policies affecting the sector captured in BFL Annual Report which also comes with a suggestion how to overcome it


…..The absence of a consistent Government policy for the poultry industry has caused many challenges and difficulties for the poultry industry over the years and in particular with regard to the sourcing of raw materials for animal feed. As a result, feed-millers are generally compelled to import raw materials at high prices due to the delay in obtaining import permits, over which the industry has no control. Going forward, a balanced policy needs to be put in place by the Government to safeguard the interest of all stakeholders. This could result in lower cost of production whereby the benefits can be passed onto the consumers. The country would also benefit by saving valuable foreign exchange by enabling feed-millers to source raw materials at low prices. Our suggestion is to guarantee a mutually agreed reasonable price to the local maize farmers so that the entire Maha maize crop could be purchased directly by. the feed-millers. Thereafter, feed-millers should be permitted to import the balance requirement before the next Maha season, without authorities imposing any undue restrictions….BFL Annual Report 2015/16
Increases in poultry consumption are primarily linked to four key factors namely population growth, improvements in incomes, chicken prices relative to those for competitive meats and dietary preferences. Global poultry meat uptake is forecast to increase by 1.7kg per person from around 13.2kg to in 2013 to 14.9kg in 2023. But to note something where the highest chicken consuming nations such as in Americas consumptions rose from 31.5kg to a new 'high' of 38.6kg. The per capita consumption of poultry in Sri Lanka is around 9 kilograms. This is relatively low compared to most other countries in East Asia and there is an ample potential to expand the local poultry sector
So those who invest for the future in this sector are going to win. My pick is BFL in this sector due to its investment in related diversification strategies


…….We hope to continue to expand our broiler farms in the years to come. We also plan to establish a new state-of-the-art commercial hatchery, which would be gradually upgraded to an automated hatchery in the subsequent three years. In addition, the commissioning of the feedmill has completed our vertical integration and this should strengthen the Group’s position in the poultry sector. .BFL Annual Report 2015/16
 
Driving factors behind BFL continuing good performance extrceted from  BFL Annual Report 2015/16
·         Process and productivity improvement
·         sustained, strong demand for broiler meat
·         high prices that prevailed for broiler day-old chicks (DOCs) on account of the consistently strong demand for DOCs
·         Equity stake in Fortune G-P Farms (Lanka) Ltd. was increased from 39.54% to 50%
·         Brand value moved up 7 notches YoY to the 57th position in the ‘Most Valuable Brands’ 2016 rankings reported and published by Brands Finance Lanka.
·         the downward revision of the electricity tariff rate applicable for the poultry industry had a favourable impact on the Company, Group and Industry during the year.
 
The feed prices were increased by 4% in the first quarter of the financial year on account of high prices of input raw materials. The quality of feed purchased has been poor at times leading to the suboptimal performance of the birds specially during the first half of the year. In the second half of the year, we sourced our feed from a different supplier which led to the excellent performance of our broiler farms and out growers
 

Lets see the BFL numbers.

The attractive thing here is the GP% growth. This is a clear sign of there process and productivity improvement. The rate at which its NP growing is phenomenal.
 
I expect the EPS for 2017 to end somewhere close to Rs.51-59.  So the value at PE of 5 itself is  Rs.250-300. Moreover the net asset is growing in a healthy rate. 2016 MArch it was 165.32 and by 3Q 2017 it is 196.54. So its way above current market values
 
When the market runs I expect this to shine giving atleast 50% or more gain
 
Good Luck
HE
avatar
Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Posts : 834
Equity Stars : 4302
Reputation : 42
Join date : 2011-03-13

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by Rifanmoh on Thu Feb 02, 2017 10:24 am

Excellent work HE. Thank you

Rifanmoh
Equity Analytic
Equity Analytic

Posts : 26
Equity Stars : 238
Reputation : 1
Join date : 2016-12-28
Location : Colombo

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by nigma on Thu Feb 02, 2017 10:31 am

day by day going down....why....

nigma
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 158
Equity Stars : 3140
Reputation : 0
Join date : 2012-09-11
Location : mattegoda.

Back to top Go down

Re: Better Performance by BFL than TAFL, GRAN in Q3 Dec 16

Post by Rifanmoh on Thu Feb 02, 2017 1:05 pm

@nigma wrote:day by day going down....why....

Mainly due to the current market sentiment. Interest rates keep increasing which makes equity less attractive. Average investors see it comfortable to put the money in the bank and be RELAX which you can not to with stocks. Viewing the trade-books shows much less buyers than sellers for most of the shares. This shows investors try to quit the equity market.

Rifanmoh
Equity Analytic
Equity Analytic

Posts : 26
Equity Stars : 238
Reputation : 1
Join date : 2016-12-28
Location : Colombo

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 20021 registered users
The newest registered user is CooperOr

Our users have posted a total of 325926 messages in 50079 subjects
Who is online?
In total there are 73 users online :: 4 Registered, 0 Hidden and 69 Guests

DS Wijesinghe, nigma, sanjeewa1234, thankrishan

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.