HR2302

HR2302

Published as a supplementary analysis for BRENT CRUDE and LIOC, with further coverage to follow. * WTI has successfully reclaimed its 4-year support line, which was breached in April 2025. * The Monthly Momentum Indicator reveals a robust bullish breakout, signaling renewed strength. * As long as WTI maintains its 4-year support line, caution is warranted when...

HR2302 Updated 

Fundamentals * Q4 2025 results indicate weakening momentum in the sector in respect of topline growth. * Combined YoY revenue growth for Q4 2025 of four biggest hotel operators listed in CSE AHUN, KHL, PALM & AHPL is just 1% * Major 5 STAR city hotels (AHPL, TAJ, SERV) combined revenue had recorded a negative growth of more than 5% (dropped by > 5%) during Q4...

HR2302

BIL is currently trading at lowest ever valuations. With FY 2024/25 results NAV 13.58 EPS 4.01 PE 2.04 PBV 0.6 2022 Jan Peak NAV 4.72 EPS -0.31 PE PBV 3.89

HR2302

Weekly Close Market had a weekly close above level 3, the last horizontal resistance before testing all time high again. Incidentally market reached the target of the pattern, of which breakout happened on April 24th, 2025. What Next: We continue to remain bullish on the ASI/CSE and believe we may record a new all-time high in 2025. 1. CBSL gave an...

HR2302

Technical Analysis (Chart Patterns) * LOFC had created a double bottom (W pattern) indicating a probable bottoming out process. * Neckline is LKR 6.20 * If breaks out LKR probable pattern target is LKR 7.10

HR2302

Technical Analysis (Chart Patterns) * BIL is about to break out from a reverse head & shoulder pattern indicating a bottoming out process * Probable pattern target LKR 9.40 (if breaks out)

HR2302

Technical Analysis (Chart Patterns) * LOLC breaking out of a reverse head & shoulder pattern indicating a bottoming out process * Probable pattern target LKR 680.00

HR2302

Overview HBS is an application software development company mainly catering to HR segment. Strategy A trade based on technical analysis. Technical Analysis (Chart Patterns) * HBS had created a bottom with a triple divergence. * Friday 11th April HBS broke out from the Descending Wedge formation with good volume. Potential Pattern Targets *...

HR2302 Updated 

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

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 

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 

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 Updated 

Overview LDEV is the parent company of AGARAPATANA PLANTATIONS PLC (AGPL.N0000) and 98% of group revenue of LDEV is from AGPL. Strategy 1. Getting exposure to a probable interim dividend expected to be LKR 2.00. LDEV subsidiary AGPL declared an interim dividend of LKR 1.00 payable on 28th Oct. 2024 which will generate LKR 239M as net dividend (after tax)...

HR2302

Strategy 1. Portfolio alignment to the sectors that will benefit from the rapid economic recovery of Sri Lanka. 2. Benefit from the expected price recovery/breaking out from the 1-year consolidation range (bottoming out) after post IPO selloff. Most of the selling came from the account: Mr. O.E.H. Kalvo which had 19,800,000 shares as at 31st Dec. 2021 and are...

HR2302 Updated 

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 Price braking out from post rights consolidation. - CITH consolidated around LKR 4.10-4.30 with relatively very high volumes - Now breaking out from the consolidation area Technical Analysis (Chart Patterns) * Currently CITH is making a Reverse Head & Shoulder pattern break out with a re-test * Printed a 20/50 MA cross * On 20th June 2024 CITH...

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...