RAIGAM WAYAMBA SALTERNS PLC : RWSL.N0000 : CSETechnical Analysis (Chart Patterns)
* RWSL is breaking out from a Reverse Cup & Handle pattern
* If successful target is around LKR 16.50
RWSL.N0000 trade ideas
Raigam Wayamba Saltetns RWSL.N0000-(CSE/Colombo Stock Exchange)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 10% and expecting fall below and remain lower
* No incentive for the company to continue with high free cash buffers
* Company is currently debt free. As borrowing rates are low, company can execute expansions on borrowings.
* Expecting distribution of free cash as enhanced dividends
Fundamental business outlook
* 2024 is expected to be a dry year (El Nino effects) for Sri Lanka. Dry conditions are very much conducive for salt production.
* Sri Lanka is coming out of an economic crisis. Consumption levels are expected to grow rapidly in 2024 (Growth of tourism/increased consumption from native population
Technical Analysis (Chart Patterns)
* With the breaking of LKR 7, RWSL is with a confirmed C&H Break Out. Target LKR 8.30, 18% upside.
* 52 W High LKR 9.30
RWSL.N0000Wait for pullback around 7.2 to 7.5
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
RWSL.N - RAIGAM WAYAMBA SALTERNS PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:RWSL.N0000
RWSL.N - RAIGAM WAYAMBA SALTERNS PLCDisclaimer: This chart and analysis are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. Do your own due diligence before trading or investing in any stock exchanges, Indices, Stocks, Forex, Crypto etc.
CSELK:RWSL.N0000
RWSL, is still maintaining above the 30 MA on the weekly chart.
Currently it is in an uptrend with no any signs for reversal.
