HR2302

HR2302

Strategy Recovery from Earnings Recession. - Strong recovery in earnings during Q4 - Q4 EPS LKR 0.54 - Forward 12M PE 2.17 - NAV LKR 9.60 (After adjusting close to LKR 1/share as currency loss (LKR appreciation/USD) - 52 W high/low LKR 6.90/LKR 4.00 - 1/5 Rights Issue concluded last week (Issue Price LKR 4) Technical Analysis (Chart Patterns) *...

HR2302

Strategy Expected recovery in Garment & Textiles Industry & HELA's 180-degree turnaround strategy implementation - Cost Reductions - Capacity optimization (maintaining demand base capacity) - Benefits from acquiring of Focus Brands Limited Historical Facts * IPO Price - LKR 15.00 * IPO Debut price - LKR 22.00 * HELA got affected from garment industry...

HR2302 Updated 

Breaking 46 will make a C&H Break Out. Dividend Pending * Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000) Profit Expectations * Earnings should be good. * Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit or Loss'. Hence capital gains due to rate cuts will...

HR2302 Updated 

Fundamentals * Expected 12M EPS - LKR 1.20 * PE - 5.91 (@ LTP LKR 7.10) * NAV - LKR 8.36 * Expecting NAV YE March 2024 - LKR 8.76 * PBV - 0.81 * Free Cash/Share (Including Fixed Deposits) - > LKR 3.00 Fundamental Investment Thesis Summary * Sri Lanka had extremely high interest rates above 25% during 2022 & 2023 * Now fixed income rates had dropped below...

HR2302 Updated 

Fundamentals * 9M EPS LKR 1.53 * PE - 4 (@ LTP LKR 6.20) * NAV - LKR 9.65 * PBV - 0.64 * Largest shareholder of HNB Fundamental business outlook ** If ISB re-structuring achieved with no haircuts prompting HNB to reverse 100% provisions, a positive impact of LKR 1.23/share of BIL will occur. Technical Analysis (Chart Patterns) * With the breaking of...

HR2302 Updated 

Fundamentals NAV : 51.03 PBV : 0.68 DEC Q EPS : 1.33 = FWD 1Y EPS : 5.32 FWD PER : 6.5 CASH BALANCE : 1.2 B FREE CASH / SHARE : > LKR 8 Lowest valuation for any Hotel Share on CSE ( Colombo Stock Exchange

HR2302

Fundamentals * LOFC Earnings & Net Assets were dropped due to the acquisition of Commercial Leasing and LOLC Development Finance under non-bank financial sector reforms in Sri Lanka. (Due to an accounting treatment - Merger Reserve of negative LKR 262.9 billion, not an operational loss) * With the economic recovery of Sri Lanka LOFC had reported 2 consecutive Qs...

HR2302

Colombo Stock Exchange (CSE) All Share Index (ASI) Movement after weekly MACD crossing Based on last 5 cycles Avg. Upside since weekly MACD crossing = 41.12% Avg. duration of upward move since weekly MACD crossing = 109.6 Days