TJL Community

newer1
Top Contributor
Top Contributor
Posts: 592
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: TJL Community

Postby newer1 » Mon Feb 05, 2018 12:53 pm

Thank you BW
BE A FRIEND OF TREND

Edmond
Senior Member
Senior Member
Posts: 587
Joined: Thu Jan 29, 2015 11:50 pm
Location: The Earth
Flag: Sri Lanka

Re: TJL Community

Postby Edmond » Mon Feb 05, 2018 3:04 pm

Thx BW. I think cotton price will indicate the time of the next move.

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7326
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: TJL Community

Postby Blue Whale » Tue Feb 06, 2018 7:14 am

Anything hit the peak has to come down as well and wise versa
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 14587
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Fri Feb 09, 2018 1:32 pm

cotton is threatening to push to higher prices based on monthly chart !

weekly chart is a sell off. thats ok for tjl and mgt.

will this push the foreigners to sell towards the support.
Price is what you pay. Value is what you get.”

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Fri Feb 09, 2018 1:52 pm

Dropped below 35/=
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7326
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: TJL Community

Postby Blue Whale » Fri Feb 09, 2018 2:49 pm

Yes can we see it at 30/- level where the foreign buying emerged previously to shoot it up over 40/-
Value Invest Profit

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Fri Feb 09, 2018 5:38 pm

Blue Whale wrote:Yes can we see it at 30/- level where the foreign buying emerged previously to shoot it up over 40/-


If it come to 30 , then I would love to buy..... :ymsmug:
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
Blue Whale
Equity Analyst
Equity Analyst
Posts: 7326
Joined: Mon Oct 26, 2015 7:14 am
Location: Asia
Flag: Sri Lanka

Re: TJL Community

Postby Blue Whale » Fri Feb 09, 2018 5:54 pm

:!!
PAT wrote:
Blue Whale wrote:Yes can we see it at 30/- level where the foreign buying emerged previously to shoot it up over 40/-


If it come to 30 , then I would love to buy..... :ymsmug:

May be but once I filled up my stomach.
Value Invest Profit

User avatar
SHARK
Savant
Savant
Posts: 14587
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Fri Feb 09, 2018 10:08 pm

TJL should be a HOLD in whatever circumstances with opportunity to Average further.
Yes Monthly Cotton Prices might test to break above recent Highs.
But Weekly chart on cotton is a sell off.
Already cotton prices down 11% from its highs.
Price is what you pay. Value is what you get.”

newer1
Top Contributor
Top Contributor
Posts: 592
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: TJL Community

Postby newer1 » Fri Feb 09, 2018 11:50 pm

I feel Wait and see is good
BE A FRIEND OF TREND

User avatar
siga
Member
Member
Posts: 237
Joined: Wed Jan 28, 2015 12:39 pm
Location: Abu Dhabi
Flag: Sri Lanka

Re: TJL Community

Postby siga » Wed Feb 14, 2018 9:56 am

CT CLSA - Teejay Lanka (TJL) 3Q18 Results Update - 12 February 2018 (TJL - Rs.34.7)

TJL reported a 3Q18 net profit of Rs.496mn (+5% YoY – first YoY growth since 2Q17 and +34% QoQ), below our expectations, amid lower than anticipated capacity utilisation levels in recently commissioned Indian operations. YoY earnings growth driven by a steady order book in local operations, backed by GSP+ concession-led volumes filtering through. Consequently, 1-3Q18 net profit down -26% YoY to Rs.1,083mn, owing to weak earnings performances in 1H18.

Outlook & Valuations:

TJL’s net profit forecast revised down by -12% to Rs.1,521mn for FY18E (-22% YoY), owing to a delay in Indian operations reaching intended capacity utilisation levels, coupled with a downward revision in GP margin expectations. FY19E net profit forecast revised down by -17% to Rs.2,044mn (+34% YoY, off a low base), with prevailing high global cotton prices expected to impact margins in 1H19E

The TJL share has underperformed the broader market, declining -12% over the past twelve months (vs. the ASI’s rise of +7%), and fell to a 20-month low of Rs.34.0 on 29 December 2017. Based on current forecasts, TJL trades at forward PER multiples of 16.0X for FY18E and 11.9X for FY19E, offering 5-7% dividend yields

Continued margin pressure witnessed in recent quarters have highlighted TJL’s increased sensitivity to externalities, especially cotton price volatility. Therefore, the share’s near term multiples seem to be at a relative premium, notwithstanding GSP+ concession benefits. Medium to longer term investors may however continue to favour TJL, owing to greater earnings potential resulting from its recently completed inorganic expansion, a continued focus of developing higher margin synthetic products and initiatives taken to diversify its customer base

Further, TJL has indicated that it may look to implement several upward price revisions in an attempt to limit margin erosion. Such price revisions, if able to effectively pass on high cotton prices, could warrant a potential upward forecast revision and re-rating of the share

PAT
Moderator
Moderator
Posts: 6275
Joined: Sun Nov 15, 2015 4:40 pm
Flag: Australia

Re: TJL Community

Postby PAT » Wed Feb 14, 2018 7:54 pm

Thanks siga
Live Today........
Without compromising your ability to Live Tomorrow……… :)

User avatar
SHARK
Savant
Savant
Posts: 14587
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: TJL Community

Postby SHARK » Thu Feb 15, 2018 11:08 pm

cotton is shown early bearish signs after testing highs of 85$.... now sliding towards 75$ on the weekly chart !
Price is what you pay. Value is what you get.”


Return to “Communities”

Who is online

Users browsing this forum: gostkasper and 3 guests