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

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» MARKET CRASH - GUARANTEED
by kalu351 Today at 2:18 am

» SEC Chief welcomes PM’s remark on EPF’s return to stock market
by kalu351 Today at 2:16 am

» Dusit Thani Sri Lanka project halted?
by Yahapalanaya Today at 1:25 am

» Daily Stock Market Update
by Insights Equity Yesterday at 6:14 pm

» පැලවත්ත කිරි සමාගම කොටස් වෙළද පොළට,DRINK pelawaththa milk & help sri lanka
by Miss-Sangeetha Yesterday at 5:39 pm

» INSURANCE companies finally falling!
by nosf766 Yesterday at 3:04 pm

» CSE is promoting Life Insurance companies whilst Stock Market is crashing.
by ChooBoy Yesterday at 12:35 pm

» Singapore rejects Sri Lankan leader’s allegation on trading scam suspect
by Yahapalanaya Yesterday at 8:18 am

» BALA.N potential
by Yahapalanaya Yesterday at 6:39 am

» Sri lanka tourism income reached 4.4 billion USD 2019
by Yahapalanaya Wed Mar 20, 2019 10:03 pm

» presidential election very soon ?
by Yahapalanaya Wed Mar 20, 2019 10:01 pm

» UBC TO HIT 24 ??
by Yahapalanaya Wed Mar 20, 2019 9:58 pm

» UBC - Stake up by big invester
by Yahapalanaya Wed Mar 20, 2019 9:57 pm

» AEL.N0000 is the Next AAIC.N0000 -
by Trader321 Wed Mar 20, 2019 12:37 pm

» World Bank approves USD70Mn to Sri Lanka
by Sstar Wed Mar 20, 2019 11:13 am

» Sri Lanka shares end little changed; rupee rises
by Miss-Sangeetha Tue Mar 19, 2019 6:30 pm

» Diversification of Sri Lankan economy, must to garner more economic benefits
by ChooBoy Tue Mar 19, 2019 2:04 pm

» ALHP Right issue......!!!!1
by Miss-Sangeetha Tue Mar 19, 2019 11:47 am

» UBC.N0000- Donnt miss this
by Trader321 Tue Mar 19, 2019 10:13 am

» BFN - DEAL OVER - TO BE DE LISTED SOON AFTER THE PRIVATE PLACEMENT ඩීල් එක ඉවරයි @ 19-59 - කොටස් වෙළදපලෙනුත් ඉවත් කරගන්නා බවට ආරන්චි
by sanjulanka Mon Mar 18, 2019 7:03 am

» While waiting for the market to rebound, look for bargains if you can afford the risk. Try to be active at the right time to gain something
by Asoka Samarakone Sun Mar 17, 2019 3:18 pm

» ඉතා ඉක්මනින් සේවක අර්තසාදක අරමුදල නැවත කොටස් වෙළදපල ට
by mahasona2 Sun Mar 17, 2019 3:43 am

» Central Bank targeting early return of EPF to stock market
by mahasona2 Sun Mar 17, 2019 3:24 am

» Lofc delisting??
by Bdcdman Sat Mar 16, 2019 11:16 pm

» Weekly Stock Market Roundup
by Insights Equity Sat Mar 16, 2019 5:37 am

» Today is UBC.N0000 day.
by Trader321 Fri Mar 15, 2019 11:32 am

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by Bdcdman Fri Mar 15, 2019 11:11 am

» ALHP WILL MOVE UP from next MONDAY
by Miss-Sangeetha Fri Mar 15, 2019 10:52 am

» GOLDEN ERA
by ranferdi Fri Mar 15, 2019 8:45 am

» ALHP WILL MOVE UP SOON
by mahasona2 Thu Mar 14, 2019 11:05 pm

» CASH RICH REXP
by Yahapalanaya Thu Mar 14, 2019 6:09 pm

» ලාංකීය හෙදියකට ලක්ශ 9 ක් ගෙවන ඇමෙරිකාව
by Uaecoindubai Thu Mar 14, 2019 3:48 pm

» EAST INTERESTING DAYS AHEAD 25+
by karuna2 Thu Mar 14, 2019 11:43 am

» රජයේ පඩි දෙගුණයක් වුන හැටි
by Uaecoindubai Thu Mar 14, 2019 9:31 am

» UBC.N0000 Vs AEL.N0000 - What will be the best
by Trader321 Thu Mar 14, 2019 9:15 am

» EFP TO start again invest in Stocks
by mahasona2 Thu Mar 14, 2019 1:10 am

» Second reading of budget passed by 119 Votes - Shows this Government is Confident
by Maharaja Wed Mar 13, 2019 11:27 pm

» UBC - What is going on
by mahasona2 Wed Mar 13, 2019 9:51 pm

» Fall of stocks - Big Players are behindThis is the time to buy and collect stocks
by mahasona2 Wed Mar 13, 2019 9:49 pm

» Government salary hike almost double..
by Uaecoindubai Wed Mar 13, 2019 9:32 pm

» COLOMBO STOCKS 5 1/2 LOW
by soileconomy Wed Mar 13, 2019 7:19 pm

» UBC.N0000 ? Expert ideas please ?
by Trader321 Wed Mar 13, 2019 2:31 pm

» UBC.N000- keep eye, something is happening
by Trader321 Wed Mar 13, 2019 2:22 pm

» How about EAST @ 10/= end of march
by karuna2 Wed Mar 13, 2019 2:21 pm

» CHOU.N0000
by Shiranleet Wed Mar 13, 2019 11:16 am

» Why Access might be over Rs. 2000/ per share valued along with Banks by 2049, due to New Budget Proposals on Joint Venture Construction projects
by Chanaka303 Wed Mar 13, 2019 9:58 am

» HPWR-Unnoticed Gem?
by Chanaka303 Wed Mar 13, 2019 9:57 am

» What is going on with TFC.N0000
by Gihan04 Wed Mar 13, 2019 9:45 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » GRAN.N000 Below 65/=

GRAN.N000 Below 65/=

Go down  Message [Page 1 of 1]

1 GRAN.N000 Below 65/= on Tue May 09, 2017 12:23 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
We could collect GRAN below Rs.65/=

2 Re: GRAN.N000 Below 65/= on Tue May 09, 2017 12:49 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lankan poultry firm March quarter net down 49-pct

May 09, 2017 11:21 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Ceylon Grain Elevators, a Sri Lankan poultry and feed milling group, said March 2017 quarter net profit fell 49% to Rs168 million from a year ago mainly owning to higher raw material prices and import restrictions. 

Earnings per share fell to Rs2.80 from Rs5.54 over the period with sales up 5% to Rs3.8 billion, according to interim accounts filed with the Colombo stock exchange.

“Although there was a revenue growth reported during the quarter under review, it is pertinent to note that group results were adversely affected by price hikes of key raw material,” Primus Cheng Chih Kwong, Executive Director and Chief Executive Officer said in a note accompanying the accounts.

“Decreased yield in the local maize cultivation and import constraints imposed by the government brought about an increasingly tight market that caused the price of local maize to be pushed up by over 20%, when compared to the same quarter of the previous year.” 

The production shortfall and import restrictions caused a situation where feed millers were not able to get their maize requirements, despite them being ready to purchase the entire local maize production at a reasonable price acceptable both to the government and the farmers, Primus said. 

“This scenario in fact compelled feed millers to pay artificially higher prices for maize thus pushing their cost of production higher, since their ability to exercise management skills to purchase imported maize at times when international prices are lower, was curtailed consequent to import restrictions,” he said.

In the backdrop of local maize production being way below the demand from feed millers, he called for the government to consider issuing import permits directly to feed millers without bringing in intermediaries.

This should enable feed millers to procure maize at competitive prices through international procurement planning, he said. 

“This will no doubt lower their cost of production and will make it possible for them to provide cheaper feed to the local farmers, ultimately resulting in there being protein rich chicken meat available to local consumers at a more affordable price.”

3 Re: GRAN.N000 Below 65/= on Tue May 09, 2017 1:06 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
The ongoing drought that has parched several parts of the country has placed many poultry farmers in a difficult situation .

This quarter will be again bad for Gran /tafl /bfl

4 Re: GRAN.N000 Below 65/= on Tue May 09, 2017 7:55 pm

samcader


Manager - Equity Analytics
Manager - Equity Analytics
TAFL  have  announced  their  financial  results  for  the  period  ended  31st March  2017.They  have  reported  a  marginal  drop  in  both  revenue  and  profits   when  compared  on a  year  on  year  basis

5 Re: GRAN.N000 Below 65/= on Tue May 09, 2017 9:49 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
looks good

6 Re: GRAN.N000 Below 65/= on Fri May 12, 2017 3:35 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GRAN group annual EPS growth from 2011 to 2016 is around 25%. The annual growth in group NAVP is around 14%. With the government lifting the price control on chicken prices, the 2nd quarter will see increased profits with market forces determining retail prices of chicken. It's even trading well below group net asset value which is around 87/-. 2nd quarter would certainly be better profits by GRAN

7 Re: GRAN.N000 Below 65/= on Wed May 17, 2017 10:37 am

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Gran will drop to 60/= level.wait and buy around 60/=

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum