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

» KAPI.N Real trend or Pure manipulation ?
by charithaa Today at 12:08 am

» How to Choose a Stock
by charithaa Today at 12:00 am

» BFN WHY PRIVATE PLACEMENT PRICE IS 19.80
by charithaa Yesterday at 11:57 pm

» KAPI - IS DANGEROUS NOW - READ THE ISLAND TODAY
by charithaa Yesterday at 11:53 pm

» HEXP seems unusual pattern.....
by Market.Watch. Yesterday at 10:13 pm

» BFN will run today
by ruwan326 Yesterday at 8:19 pm

» BFN EGM - FEB - BROKERS SAY FOR SURE PRICE WILL MOVE ABOVE 19-59 PRIVATE PLACEMNT PRICE SLOWELY SLOWELY
by ruwan326 Yesterday at 8:18 pm

» කොහොමත් BFN 19-20 වෙනකම් යන එක ඉතින් ස්තිරයි
by ruwan326 Yesterday at 8:16 pm

» BFN BFN BFN BFN BFN BFN BFN BULL RUN
by ruwan326 Yesterday at 8:13 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:57 pm

» FOREIGN NEWS
by ruwan326 Yesterday at 7:53 pm

» CROSSINGS TODAY
by ruwan326 Yesterday at 7:50 pm

» Performance of the Market
by ruwan326 Yesterday at 7:44 pm

» Financial Reports Q-4 2018
by ruwan326 Yesterday at 7:37 pm

» Any news from AMF?
by ruwan326 Yesterday at 6:55 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 5:35 pm

» බලගෙනයි . KAPI ..ගන්නේ අද පත්තර කියවන්න 70% අයිතිකාර සමාගම පාඩු ලබන නිසා අයින්වෙනවා මේක පාඩු ලබන ආයතනයක්
by charithaa Yesterday at 5:00 pm

» KAPI vs Port city
by nuwanmja Yesterday at 3:18 pm

» CTCE CTCE CTCE CTCE
by roshan1039 Yesterday at 2:23 pm

» බීෆ්න් ගැන මට හිතෙන හැටි
by kalu351 Yesterday at 12:50 pm

» ##FUN TOONS###
by ruwan326 Yesterday at 11:40 am

» January dividend history (2010 to 2019)
by arjunaupendra Yesterday at 11:20 am

» PLAYERS PICK OF THE DAY
by ruwan326 Yesterday at 10:43 am

» Hotel Sector - Trending UP
by ranferdi Yesterday at 9:51 am

» stock ownership is usually concentrated among the rich
by ruwan326 Yesterday at 9:15 am

» Chicken Run
by roshan1039 Yesterday at 7:37 am

» SRI LANKA @ 2020
by ruwan326 Wed Jan 16, 2019 8:38 pm

» China Port City awaits
by ruwan326 Wed Jan 16, 2019 8:25 pm

» CSE THIS WEEK
by ruwan326 Wed Jan 16, 2019 8:22 pm

» AAIC HAS BECOME THE BEST...NOW
by hasitha@CSE Wed Jan 16, 2019 3:16 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » JKH News & Reports

JKH News & Reports

Go down  Message [Page 1 of 1]

1 JKH News & Reports on Mon Nov 05, 2018 7:42 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Heavy trading in John Keells (JKH) with over 1.5% of company changing hands-November 5, 2018 

 

 Sri Lanka’s constitutional crisis has lit a fire under the counrty’s stock market sending trading volumes soaring. Trading at the Colombo Stock Exchange passed the Rs4bn (US$23mn) mark with the trading day nearing a close.

Trading volume is being driven by transactions in market bellwether John Keells Holdings (JKH). Over Rs3.5bn worth of shares have transacted today amounting to approximately 1.5% of the company. Trading in JKH since the start of the political crisis has been driven by foreigners selling and locals buying.

Most of the shares transacted today have been at a price close to Rs150/share. A few weeks before the crisis the stock bottomed at Rs126/share and post crisis had jumped as high as Rs155/share before settling at todays level, where significant transactions are taking place.

http://www.lankabusinessonline.com/h...hanging-hands/

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
November, 8, 2018


Sri Lanka’s one of the oldest Carbonated Soft Drinks (CSD) range including Elephant House brand that’s owned by John Keells Group had experienced a 31% drop in their sales volume of beverage business due to the implementation of a sugar tax on CSD from November 2017, the latest quarterly review of John Keells Holdings (JKH)’s Chairman Susantha Ratnayake highlights.

Ratnayake notes that the Consumer Foods industry group Profit Before Tax (PBT) of Rs.443 million in the second quarter of Financial Year 2018/19 is a decrease of 40% against the second quarter of the previous financial year of 2017/18 Q2: Rs.738 million.

“The decline in profitability is primarily on account of a volume decline of 31% in the carbonated soft drinks (CSD) range of the Beverages business and costs relating to the commissioning of the new ice cream factory as discussed below” he points out adding that that the decline in beverage volumes is due to the implementation of a sugar tax on CSD from November 2017, which resulted in substantial price increases across the industry.

“However, it is encouraging that the growth in monthly volumes within the quarter has been on an upward trend. The performance of the non-CSD product range continue to be encouraging. The Frozen Confectionery business recorded a volume growth of 8% during the quarter under review, driven by growth in the impulse segment” Ratnayake notes in his review. According to him whilst the business recorded volume growth, profits were impacted by plant commissioning and startup costs due to the gradual ramp up of production at the new manufacturing facility in Seethawaka and the depreciation and finance expense relating to the investment. The new facility will be pivotal to the longterm growth prospects of the business, given its scalability of product range and volumes and higher operational efficiencies.

​​​​​​​http://bizenglish.adaderana.lk/jkh-experience-a-31-volume-drop-due-to-sugar-tax-on-carbonated-soft-drinks-range/

ruwan326

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

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Harry, Captains up stakes in John Keells Holdings (JKH)-November 8, 2018

November 8, 2018 (LBO) – Colombo Stock Exchange market bellwether John Keells Holdings (JKH) reported its quarterly results last night, which included an update of its top 20 shareholder list. Notable trends included foreign selling and local buying.

In particular, Harry Jayawardena controlled Melstacorp upped its stake from 3.5% of the company to a 4% holding. The Captains also upped their stake to 17.5% from 16.6%. The bulk of the Captain’s holding is in the accounts of S.E. Captain and Paints and General Industries Ltd. It is possible that Jayawardena and the Captains have additional smaller holdings in JKH titled in other names that don’t appear in the top 20 shareholders list.

As of September 30, 2018, The Captains and Jayawardena together own at least 21.5% of the total outstanding shares of the company. It is likely that these holdings increased in October as there was significant local buying and foreign selling during the month.

After spiking to Rs155/share, the stock price of JKH as come back down to Rs142 in todays trading as Sri Lanka’s constitutional crisis continues to drag. Net asset value of the share at the end of the September quarter stood at Rs151/share.

Some analysts have speculated that if foreigners continue selling shares, that JKH will become vulnerable to a hostile takeover.

http://www.lankabusinessonline.com/harry-captains-up-stakes-in-john-keells-holdings-jkh/

5 Re: JKH News & Reports on Mon Nov 12, 2018 9:38 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
OFFER TO REPURCHASE ON A PRO RATA BASIS OF 1 SHARE FOR EVERY 20 SHARES HELD UP TO A MAXIMUM OF 69,376,433 ORDINARY SHARES AT RS.160.00 PER SHARE

https://cdn.cse.lk/cmt/uploadAnnounceFiles/2681541995328_508.pdf

6 Re: JKH News & Reports on Tue Nov 13, 2018 8:11 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka's JKH share buyback not liable for tax: official

Nov 13, 2018 

An 11.1 billion rupee share repurchase by John Keells Holdings Plc will not be taxed under a new law since the funds returned to shareholders are from a dividend reserve, a top official said.

"This is being paid out of tax-free dividend reserves," Deputy Chairman Krishan Balendra said.

He said the tax had already been levied at the point when JKH subsidiaries remitted the dividends to the parent.
Therefore, the dividend reserves being used for the share buyback is not liable for an additional withholding tax.
The new Inland Revenue Act which came into force this April brought all forms of dividend, including share repurchases and issuances of bonus shares into the tax net at a rate of 14 percent.

In some countries with capital gains tax, share buybacks are not taxed on the principle that a rise in the share price after a buyback (if the shares are sold) will increases taxes to the state.
JKH will buyback stock at 160 rupees per share.
The stock has gained in recent weeks ahead of the buyback.
It gained 6 rupees yesterday. The share was up a further 2 rupees to 153 rupees in early trading today. 

https://economynext.com/Sri_Lanka_s_JKH_share_buyback_not_liable_for_tax__official-3-12578-3.html

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
JKH-Indra Traders JV signs BOI deal for 53-storey 891-unit TRI-ZEN
3 December 2018

Braybrooke Residential Towers Ltd. has signed an agreement with the Board of Investment for TRI-ZEN, a pioneering residential development last week.

The project is a joint venture between JK Land Ltd. (subsidiary of John Keells Holdings Plc) and Indra Traders Ltd. and the project will be marketed and managed by John Keells under its brand John Keells Properties. 

Located in the heart of the city at Union Place, the 53-storey development is set to redefine urban living in Sri Lanka. 

The 891 homes at TRI-ZEN integrate unmatched convenience, cutting-edge design and comfort, over an acre of community space and state-of-the-art smart home technology to make the project truly revolutionary.


More...http://www.ft.lk/front-page/JKH-Indr...-ZEN/44-668008

8 Re: JKH News & Reports on Thu Dec 20, 2018 1:56 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Active trading in shares of John Keells Holdings (JKH)

December 20, 2018

Trading at the Colombo Stock Exchange (CSE) picked up with active trading in bellwether stock John Keells Holdings (JKH).

JKH traded close to Rs2bn (US$11mn) worth of shares as trading neared the close for the day. The amount of shares traded today is close to 1% of the total outstanding shares of the company. The shares were traded at prices close to Rs160/share (the price at which the company has an open stock buyback offer).

The market capitalisation of JKH sits close to US$1.2bn, and the stock is trading close to book value.

For the last few months, JKH has seen foreign institutional selling to local buyers. For the most part, the local buyers have been Harry Jayawardena controlled Melstacorp, and the Captian family. Together these entities are speculated to already own over 25% of the total outstanding shares of Sri Lanka’s most important company.

http://www.lankabusinessonline.com/active-trading-in-shares-of-john-keells-holdings-jkh/

9 Re: JKH News & Reports on Sun Dec 23, 2018 8:29 am

sssmax


Stock Trader
what will happen to jkh price in near future? Should we sell it? price will be decrease?

10 Re: JKH News & Reports on Sun Dec 23, 2018 10:13 am

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sssmax wrote:what will happen to jkh price in near future? Should we sell it? price will be decrease?
'JKH's FOREIGN HOLDINGS THINNING FAST'
(Business Times of today)

Prices may be slashed further!

11 Re: JKH News & Reports on Tue Jan 01, 2019 8:43 pm

ruwan326

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

Susantha Ratnayake bids farewell to JKH, Balendra junior in as Chairman


January, 1, 2019


Sri Lanka’s leading conglomerate – John Keells Holdings’ Chairman Susantha Chaminda Ratnayake retired at the end of 31st December 2018 after a long tenure in the company, making way for a new team to take over the reins at the country’s largest listed conglomerate, as announced in the Group’s succession plan.

Ratnayake served as the Chairman of the company since 2006. And the succession plan has outlined that Krishan Balendra (a son of former JKH Chairman Kandiah Balendra) will assume office as the Chairman/CEO and Mr. Gihan Cooray as the Deputy Chairman/ Group Finance Director, with effect from 1st January 2019.

In the last quarter of September 2018 JKH group revenue rose by 10% to Rs.32.57 billion for the period under review, the challenges the organization face came from the leisure sector owing to lower occupancies in its Colombo hotels sector – a common problem faced by 5-star hotels due to an over- supply of accommodation – and closure of some properties for refurbishing.

http://bizenglish.adaderana.lk/susantha-ratnayake-bids-farewell-to-jkh-balendra-junior-in-as-chairman/

12 Re: JKH News & Reports on Sun Jan 13, 2019 7:17 am

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
John Keells bolsters market share
13 January 2019

The John Keells Group has invested to expand capacity and capability with local and foreign expertise and seize the growth opportunity in all its verticals.
The new JKH Chairman Krishan Balendra told the Business Observer that the company is building new hotels and refurbishing some properties in Sri Lanka and the Maldives.
He said the Group is aggressively expanding its supermarket chain along with many expansionary moves, such as launching the Tri-Zen apartment project, completing a new ice cream plant and building a distribution centre for the logistics business.

“The scale of the investment that the John Keells Group is making across our verticals would surpass any other business organisation in the country.
This is a reflection of our confidence in the growth opportunity for our businesses,” Balendra said while adding, that the Group has developed medium to long term plans for its business verticals.

John Keels Holdings PLC is the largest listed conglomerate in the Colombo Stock Exchange with businesses abroad as well. The Group operates three hotels in the Maldives.
“The country will continue to see reasonable economic growth despite political volatility. This augurs well for business. There are negative sentiments, but if you look at the economic growth and improvements in social indicators that the country has achieved over many years, despite the war against terrorism and other issues, there is good reason to be positive about the future,” Balendra said.

He said the demand for hotel rooms in Colombo continues to grow.
“We believe the supply side will improve over time. Some new developments such as the Cinnamon Life project will introduce big malls and large conferencing and banqueting spaces which are absent in Colombo.

“This will create a new regional market for the city. While the number of new rooms may seem high compared to what we had, it is small compared to regional cities. While in the short term there is an oversupply, we are confident that this will change with time,” he said.
From managing hotels to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running supermarkets, tea brokering to stock brokering, life insurance and banking to real estate, the Group has its presence in all major sectors of the economy.

The Group, since its beginning in the early 1870s as a producer and exchange broker, is known for re-inventing and repositioning itself in new avenues for growth. 


http://sundayobserver.lk/2019/01/13/business/john-keells-bolsters-market-share

Back to top  Message [Page 1 of 1]

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