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Sri Lanka Equity Forum » Stock Market Talk » Comparison TAFL,BFL & GRAN

Comparison TAFL,BFL & GRAN

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1 Comparison TAFL,BFL & GRAN on Wed Oct 18, 2017 3:40 am

wisdom


Equity Analytic
Equity Analytic
Some people believe that cost of production is too high in Poultry sector. But you can find it is not for all.

Q2-2017
 TAFLGRANBFL
Revenue602 Mn3842MN963Mn
Profit164Mn210MN116Mn
Profit(Operations) margin27%5%12%
EPS(Quater)6.992.347.26
NAVPS112.987.08208
Market Price12070158.5
Q1-2017
 TAFLGRANBFL
Revenue630 Mn3833Mn764Mn
Profit189Mn248Mn346Mn
Profit(Operations) margin30%6%45%
EPS(Quater)8.032.821.63
Q4-2016
 TAFLGRANBFL
Revenue713Mn3702Mn1132Mn
Profit225Mn469Mn237Mn
Profit(Operations) margin31%12%21%
EPS(Quater)9.524.614.82

It is a trend to move share price of those companies same period even though with low performers. As industry leader GRAN always has more interest and lowest share price. But it is the less worth and least profitable company out of those. Profit margin is low and heavily dependable world market prices for corn flour. 
BFL is a good share but it is not attractive as TAFL. March-17 quarter they earned their profit almost as other operational income but not from operations.  
TAFL always maintain good profit margin as we cant see any other industry.  Strong earnings and increasing dividend income will create this share more attractive in the market. There will be a day in near future TAFL performing alone.
For the poultry industry there is a seasonal effect. The ones who has holding power for few months TAFL will give a decent gain.

2 Re: Comparison TAFL,BFL & GRAN on Thu Oct 19, 2017 3:07 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
this very good information ! but forum busy promoting garbage ! most forum members want to promote not come out with good information like yours ! thank you for this good information ! we need more members like you ! good luck

3 Re: Comparison TAFL,BFL & GRAN on Thu Oct 19, 2017 4:31 pm

Dr.H


Stock Analytic
Stock Analytic
Yes, I see poultry industry didn't react to any of the positive news.
1. Tax on maize prices reduced. (http://www.economynext.com/Sri_Lanka_cuts_import_taxes_on_rice,_maize_wheat_fish_amid_drought-3-8434.html)

2. Poultry comes under agree category, therefore corporate will be at 14% not 28% 

3. Price control on Chicken removed. (http://dailynews.lk/2017/03/14/local/110338/price-controls-chicken-sugar-removed)

Therefore, industry cost of production can not be high and even if it is high they can pass on to the customers as price control removed. 

If you see TAFL Net profit margin, it has come down from 31% to 27% only while GRAN Net profit margin down from 12% to 5%. I personally feel TAFL share price is highly valued at Rs 120

4 Re: Comparison TAFL,BFL & GRAN on Thu Oct 19, 2017 7:14 pm

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes. Tafl is in strong hands and 120 is a super support level.

5 Re: Comparison TAFL,BFL & GRAN on Sat Oct 21, 2017 6:11 am

wisdom


Equity Analytic
Equity Analytic
Very strong reasons to Poultry industry to make good profit for BIG companies. Thanks for sharing Dr. H

With the reduction of corporate tax to 14% industry leaders who is using higher tec for production can reduce price further while small industry players not gaining any significant cost savings. So I assume bigger companies might dominate the industry with acquiring more market share.

6 Re: Comparison TAFL,BFL & GRAN on Sat Oct 21, 2017 6:55 am

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@wisdom wrote:Very strong reasons to Poultry industry to make good profit for BIG companies. Thanks for sharing Dr. H

With the reduction of corporate tax to 14% industry leaders who is using higher tec for production can reduce price further while small industry players not gaining any significant cost savings. So I assume bigger companies might dominate the industry with acquiring more market share.
What will Wisdom 78&79 will say about Wisdom  Rolling Eyes Rolling Eyes we know who you are lol!

7 Re: Comparison TAFL,BFL & GRAN on Sat Oct 21, 2017 12:01 pm

wisdom


Equity Analytic
Equity Analytic
People tend to decide past experiences and perceptions. But for the right decisions need bit more

8 GRAN BEST PRICE on Mon Oct 23, 2017 10:17 am

Ahcha

avatar
Stock Analytic
Stock Analytic
@wisdom wrote:People tend to decide past experiences and perceptions. But for the right decisions need bit more
Good buy and hold GRAN,it went up to 94.00 in March 17.

9 BFL results on Wed Nov 01, 2017 3:58 pm

Dr.H


Stock Analytic
Stock Analytic
Bairaha Farms has posted flat results on company level and group level has posted a significant drop. I assume feed mill might have been the reason behind the drop in Group level. with a healthy level of rain fall i assume maize production should have resumed. Therefore can expect the maize price to drop in the running quarter. If anyone have access to maize prices please update us to foresee the performance.

Thank you.

10 Re: Comparison TAFL,BFL & GRAN on Wed Nov 01, 2017 10:09 pm

predictor


Senior Equity Analytic
Senior Equity Analytic
This sector specially Grains are going to perform in a big way. World market grain prices are low about $147/-
They were not allowed to import and they were asking govt. to give the permission and it was given on 1st August.
Grain imports during last 3 months were very high and even the total imports increased due to this as well. With this they will show huge results time to come.

11 Re: Comparison TAFL,BFL & GRAN on Tue Nov 07, 2017 6:11 pm

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
GRAN profits down by 60% , same with TAFL .. hope it will go down some where around 50-55

12 Re: Comparison TAFL,BFL & GRAN on Tue Nov 07, 2017 10:50 pm

predictor


Senior Equity Analytic
Senior Equity Analytic
As per the Sept report they have got the govt. approval to import maize (from 1st August) and taxes were reduced to 10/- per kilo from 65%, This is going to boost their next qtr considerably. Even the imported maize is very much cheaper than the local maize.

13 Re: Comparison TAFL,BFL & GRAN on Wed Nov 08, 2017 8:06 am

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
Based on current results BFL is better than TAFL.

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