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SUN Community

Postby SHARK » Mon Feb 23, 2015 8:57 am

Sunshine Holdings Chairman outlines vision

The Sunshine Group's new chairman Munir Shaikh who took over the position after the retirement of his predecessor Rienzie Wijetiilke says that his vision for the Group is to drive it towards new horizons. Shaikh, who comes from a strong Pharmaceutical background, was Managing Director of the Pakistan branch of the leading healthcare company Abbott from 1970 to 1977. As the Regional Manager Caribbean & West Indies for Abbott, he was based in Puerto Rico from 1977 to end 2008 and later posted to Abbott's headquarters in Chicago where he served as Director Business Development from 1978 to 1982.

He also held the positions of Regional Director for Pacific and Far East from 1983 to 1988 and was then based in Singapore as Abbott's Vice President for Asia Pacific and Africa.
Net Asset Value per share increased to LKR38.35 as at end 9MFY15, compared to LKR36.23 at the beginning of the year (FY14).
Healthcare revenue for 9MFY15 grew 11.4% YoY and stood at LKR4.5bn. This represents 36.8% of group turnover for the period. 3QFY15 was a challenging for the healthcare business with EBIT contracting 5.3% YoY.
The Pharma sub segment which made LKR3.0bn in revenues (67.3% of Healthcare revenue) grew 9.5% YoY over 9MFY14. This was a commendable performance against flat market growth based on IMS data.Growth in other sub sectors were at; Surgical (+19.1% YoY), Retail (+16.4% YoY), Diagnostics (+9.7% YoY), OTC (+1.5% YoY).


PAT for Healthcare amounted to LKR174m in 9MFY15, down 27.9% YoY. Normalized PAT amounted to LKR236m after adjusting for the one off Goodwill write-off. PAT margin contracted to 5.2% in 9MFY15, against 6.0% in 9MFY14, due to GP margin erosion and Goodwill write-off. However, the company has somewhat watered down the impact by tighter control on overhead cost which grew only 6.9% YoY.
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Re: SUN Community

Postby SHARK » Mon Feb 23, 2015 8:58 am

Price is what you pay. Value is what you get.”

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Re: SUN Community

Postby SHARK » Mon Feb 23, 2015 8:59 am

Above is the latest Quarterly Report uploaded to CSE.
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Re: SUN Community

Postby SHARK » Mon Feb 23, 2015 9:04 am

a price around 52 will be a better short term entry :D
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Re: SUN Community

Postby SHARK » Mon Feb 23, 2015 9:11 am

sun.png


Support around 50-52 levels are key entry levels. :-?
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Re: SUN Community

Postby RPPA » Mon Feb 23, 2015 3:48 pm

Dr. S is very interested in this. If any one can get in around 50-53 range may not be too bad.

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Re: SUN Community

Postby SHARK » Fri Mar 06, 2015 10:56 am

RPPA wrote:Dr. S is very interested in this. If any one can get in around 50-53 range may not be too bad.
Yes its a good level, and infact i thought as well :ymcowboy:
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Re: SUN Community

Postby Jasmine » Fri Mar 06, 2015 5:54 pm

Dr.Sentilvel purchased 68,600 shares @ 54.10/- on 2rd March 2015.

RPPA, You have already predicted that it was going to happen.

I was surprised that how did you manage to get the information before hand :o

http://www.cse.lk/cmt/upload_cse_announ ... 35714_.pdf

RPPA wrote:Dr. S is very interested in this. If any one can get in around 50-53 range may not be too bad.

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Re: SUN Community

Postby Jasmine » Fri Mar 27, 2015 2:32 pm

bought @ 46 /=

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Re: SUN Community

Postby SMR08 » Fri Mar 27, 2015 2:37 pm

gd price jas

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Re: SUN Community

Postby Contra » Sat Mar 28, 2015 12:08 pm

will it go below Rs.40 in this market situation?
Company, stock market, politics and the economy are four different things.

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Re: SUN Community

Postby SHARK » Sat Mar 28, 2015 1:12 pm

Contra wrote:will it go below Rs.40 in this market situation?

:ymparty:
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Re: SUN Community

Postby SHARK » Tue Mar 31, 2015 10:21 am

Yes Contra .... 40 could be on the cards.. if this continue like this.
people will readjust their minds... and loose interst, that could keep some away from the market until a rebound
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Re: SUN Community

Postby Contra » Tue Mar 31, 2015 1:09 pm

might drop to Rs.40.
Company, stock market, politics and the economy are four different things.

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Re: SUN Community

Postby Jasmine » Fri Apr 17, 2015 7:06 am

It seems that we won't get another opportunity below 50 unless ASPI drops to 6500.

Dr.T.S is still collecting in small lots @ 53/-

http://www.cse.lk/cmt/upload_cse_announ ... 80682_.pdf

Shark, what is ur view on SUN @ 53/-

Jasmine wrote:bought @ 46 /=

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Re: SUN Community

Postby Contra » Fri Apr 17, 2015 12:47 pm

This was a kind of illiquid share. Should learn when to buy and when to sell. Earnings depend on lot of factors. Was a great buy @30.
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Re: SUN Community

Postby SHARK » Sat May 16, 2015 2:17 pm

What does the latest Reports say on SUN .....
Not a Liqiud Share, get in at the right and hold infinitely
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Re: SUN Community

Postby SHARK » Mon May 18, 2015 11:17 pm

sun.png
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Re: SUN Community

Postby SHARK » Wed Jul 29, 2015 6:05 am

Anyone interested on this low liquid :)
Price is what you pay. Value is what you get.”

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Re: SUN Community

Postby Contra » Wed Jul 29, 2015 12:12 pm

SHARK wrote:Anyone interested on this low liquid :)


As I like value in stocks I prefer MPRH over SUN. I touched this SUN when it was around Rs.30 or below Rs.30. Any way in bull market lot of things can happen to stock prices. Those days SUN was just like MPRH today. We saw very low liquidity.
Company, stock market, politics and the economy are four different things.

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Re: SUN Community

Postby PAT » Thu Feb 11, 2016 5:51 pm

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

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Re: SUN Community

Postby PAT » Fri Feb 12, 2016 9:53 am

Sunshine Holdings mulls further expansion

http://www.dailynews.lk/?q=2016/02/12/b ... -expansion
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Re: SUN Community

Postby PAT » Tue Mar 08, 2016 9:02 am

Beauty products sales strong at Sri Lanka’s Sunshine group pharmacies

ECONOMYNEXT – Sri Lanka’s Sunshine Holdings says strong sales of beauty products at its Healthguard pharmacies justify plans to expand the chain with a shift to becoming more of a wellness retailer.

Healthguard expects to more than double its outlet network – consisting of standalone ‘Full Service’ stores and ‘Express’ stores located within leading supermarkets – from 24 at present to 50 by 2018, a statement said.

Eight new Full Service and Express outlets have been opened from the beginning of 2015 to the present with Healthguard committing 100 million rupees over the past three years and incurring 70 million rupees in FY15/16 alone to expand its retail presence.

Sunshine Healthcare Managing Director Shyam Sathasivam said that among changes in customer expectations, a greater demand for beauty, wellness and fitness products is particularly noticeable.

“In recognition of this trend, Healthguard has placed significant emphasis on expanding its health, wellness, beauty and fitness products portfolio, adding many products from globally-reputed brands,” the statement said.

Healthguard outlets have witnessed rapid growth in over-the-counter sales volumes with significant growth particularly in beauty products.

In the first nine months of the current financial year (9MFY16) Healthguard witnessed 22 percent sales growth on a year-on-year basis, after sales grew 15 percent in the 2015 Financial Year.

“Apart from the figures in themselves, we are most encouraged by their implications – which indicate that our efforts, including the strategic shift in our product portfolio have put us on the right track,” Sathasivam said.

“From selling primarily pharmaceutical products at its inception 10 years ago, the Healthguard brand has come a long way in establishing its credentials as a leading pharma, wellness and beauty retailer.”

Healthguard is a fully-owned subsidiary of Sunshine Healthcare Lanka Ltd., the healthcare arm of the diversified Sunshine Holdings conglomerate with interests in agribusiness, FMCG, packaging and renewable energy. (Colombo/March07/2016)

http://www.economynext.com/Beauty_produ ... 434-3.html
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Re: SUN Community

Postby PAT » Mon Apr 11, 2016 3:54 pm

Dr. T.Senthilverl buying big ........

https://www.cse.lk/cmt/uploadAnnounceFi ... 30_510.pdf
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Re: SUN Community

Postby IOSirisena » Thu Jun 02, 2016 1:14 pm

Sunshine Holdings reports strong results in FY16, improves bottom line of all segments
Tuesday, 31 May 2016 00:07

Diversified conglomerate lays groundwork for expansion by attracting FDI and via new investments in international FMCG operations and healthcare retail outlets
Diversified conglomerate Sunshine Holdings PLC has posted a strong performance for the year ending 31 March 2016 (FY16), improving the Profit After Tax (PAT) of all its business segments, while laying the foundation for further expansion with a number of new investments and initiatives.

According to results issued to the Colombo Stock Exchange (CSE), for FY16, Sunshine Holding’ PAT grew to Rs. 1,218 million, a significant 16.3% improvement year-on-year (YoY).

Net Asset Value per Share increased to Rs. 42.78 as at end FY16, compared to Rs. 39.24 at the beginning of the year (FY15). Earnings per Share (EPS) too improved to Rs. 4.34 in FY16 from Rs. 3.62 in FY15.

Despite challenges, particularly in the Agribusiness sector, Consolidated Revenue was up by 6.7% YoY to Rs. 17,422 million. Three of the five divisions – Healthcare, Fast-Moving Consumer Goods (FMCG) and Packaging – reported double digit growth in revenue while the Renewable Energy division too improved its revenue. The Agribusiness sector enhanced its PAT despite a reduction in the top-line – as part of a strategic move to reduce volumes and further enhance focus on quality in the Tea sub segment.

Healthcare, represented by Sunshine Holdings’ fully-owned subsidiary and one of the country’s largest distributors in the healthcare space – Sunshine Healthcare Lanka Ltd. (SHL) – was the main contributor to Group revenue in FY16 (accounting for 41.1% of the total). It expanded well above the growth of the overall market. Revenue was up by 17.9% YoY to Rs. 7,161 million in FY16 while PAT was Rs. 327 million, an improvement of 41.2% YoY.

The FMCG sector, represented by Watawala Tea Ceylon Ltd. (WTC), the country’s largest branded tea company, reported a revenue of Rs. 3,440 million for FY16, a growth of 18.0% YoY. This was on the back of both price and volume growth, the latter largely driven by Watawala Tea – the country’s single largest tea brand. PAT from FMCG grew 7.7% YoY, to Rs. 423 million in FY16.

Agribusiness, represented by Watawala Plantations PLC – the country’s largest manufacturer of palm oil and one of the largest Regional Plantation Companies (RCPs) – saw its PAT expand to Rs. 518 million, up by 32.5% YoY. The increase in profitability of the sector, despite severe challenges, was a result of a prudent strategic move by Watawala Plantations to cut down on its output of tea (which translated into reduction in Revenue), and to curtail losses by further improving quality.

Packaging and Renewable Energy Divisions – represented by Sunshine Packaging Ltd. and Sunshine Energy Ltd. respectively – too achieved substantial improvements in both the top line and the bottom line. Sunshine Packaging’s Revenue was Rs. 362 million in FY16, an improvement of 34.1% YoY while its PAT was up by Rs. 40 million – to Rs. 16 million. Sunshine Energy expanded its revenue to Rs. 120 million in FY16, a 6.9% growth YoY while its PAT too increased by Rs. 12 million to Rs. 32 million.

“Sunshine Holdings takes much pride in this strong financial performance, particularly since it represents bottom line growth across all our business segments, despite significant challenges in some sectors,” Sunshine Holdings Group Managing Director (GMD) Vish Govindasamy said. “More importantly, these results have been achieved while laying the foundation for sustainable future growth – through investments aimed at enhancing the competencies of our staff, distribution networks and infrastructure.”

In FY16 the FMCG segment invested Rs. 88 million for international expansion alone and the international marketing team will be leveraged to expand the lucrative export business.

In Healthcare, a number of new agencies are expected to be added during FY17 to further strengthen the product portfolio. The rapid expansion of the outlet network of Healthguard, the country’s premier urban pharma, wellness and beauty retail chain, fully owned by Sunshine Holdings’ healthcare arm will continue, with six new outlets expected to be opened in FY17. Therefore together with the eight Healthguard outlets opened in FY16, the network will stand at 30 outlets by end FY17. The Healthguard online store, opened during FY16 is also expected to support future top and bottom line growth.

As part of its efforts to become the first healthcare retailer in Sri Lanka to provide a service of an international standard, Healthguard also opened a dedicated training centre in early FY17, further stepping up its HR initiatives to enhance the competencies of employees.

Members of the Sunshine Holdings Group have also succeeded in attracting substantial Foreign Direct Investment (FDI) recently to further enhance and expand operations. The Group set up a commercial dairy operation in March 2016 – Watawala Dairy Ltd. – together with Duxton Asset Management, with a $ 3 million FDI infusion from the latter. In May 2016, the packaging arm of the group – Sunshine Packaging Lanka Ltd. also attracted FDI of $ 2 million from Primeco Holdings Ltd. – a conglomerate incorporated in Hong Kong.
- See more at: http://www.ft.lk/article/544944/Sunshin ... 1Am0V.dpuf


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