JKH Community

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Re: JKH Community

Postby dhanurrox » Sat Jan 13, 2018 7:38 pm

dhanurrox wrote:
voight wrote:JKH never let you down :ymhug:

JKH up our shares are not going up.When JKH falls our shares definitely fall.

Worst fears came true.

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Re: JKH Community

Postby christ » Wed Jan 24, 2018 6:08 am

JKH Showing again very good moventum to surpass 170/- . Huge quantities traded yesterday at 165/- and gradually sustaining above 165/-,I feel this should longer and sustainable run towards 200/- B-)

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Re: JKH Community

Postby Blue Whale » Wed Jan 24, 2018 6:52 am

Many have expected JKH to fall back meekly towards it long held support in such a short time of the up move but very few has expressed the other way. Seems the minority getting their reward :-bd
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Re: JKH Community

Postby Blue Whale » Thu Jan 25, 2018 7:46 am

JKH moved to 165. Remember I said the impending move @ 150.
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Re: JKH Community

Postby PAT » Wed Jan 31, 2018 11:42 pm

Sri Lanka’s JKH group December net profit down 13-pct

ECONOMYNEXT – Sri Lanka’s John Keells Holdings said group net profit fell 13% to Rs.4.49 billion in the December 2017 quarter from the previous year with lower earnings from its hotels, property and consumer foods and retail businesses and gains in transportation and financial services.

Sales rose 12% to Rs.31.22 billion in the quarter, according to interim results filed with the stock exchange.

JKH’s quarterly earnings per share were Rs3.24.

EPS in the first nine months to December 2017 were Rs7.97 with net profit down two percent to Rs.11.06 billion from the previous financial year while sales grew 15% to Rs.87.66 billion.

JKH chairman Susantha Ratnayake said the group’s leisure business pre-tax profit fell 34% to Rs.901 million in the third quarter of 2017/18 from the previous year.

“The decline in profitability is mainly attributable to the City Hotel sector which witnessed a decline in occupancies primarily as a result of the increase in room inventory within Colombo,” he said.

“However, it is encouraging that the total number of rooms occupied in the city witnessed a double-digit growth in the quarter under review.”

While JKH’s Sri Lankan resorts saw an improvement in room rates and maintained occupancies, profit for the quarter was lower when compared to the previous financial year which included the operations of “Bentota Beach by Cinnamon” which is now closed for the construction of a new hotel.

The Maldivian resorts saw an improvement in average room rates, although profitability was impacted by lower occupancies and the partial closure of “Ellaidhoo Maldives by Cinnamon” for refurbishments in October 2017, Ratnayake said.

“However, occupancies at our hotels remained above the industry average during the quarter under review.”

JKH’s property business pre-tax profit fell 83% to Rs.34 million in the third quarter of 2017/18 from the previous year, which included recognition of revenue on the “7th Sense” on Gregory’s Road residential development.

Ratnayake said construction of Cinnamon Life is progressing well with the super structure approximately 50 per cent complete.

“Parallel to the ongoing construction work of the super structure, the installation of the façade of the hotel will commence shortly. The construction work on the main access point via a six lane bridge is nearing completion. The pre-sales of both the residential and commercial space continue to be encouraging.”

Ratnayake said the concept design for the new 800-apartment joint venture residential development project, “Tri-Zen”, in Union Place, Colombo, has been finalised with initial bookings very encouraging.

Consumer Foods and Retail
JKH’s Consumer Foods and Retail industry group pre-tax profit fell 26% to Rs.947 million in the December quarter from the previous financial year.

The Beverage and Frozen Confectionery businesses recorded a decline in volumes as a result of continued tapering of demand arising from subdued consumer discretionary spending, Ratnayake said.

“The volume decline in the Beverage business was further exacerbated by the implementation of a sugar tax from November 2017, which resulted in substantial price increases across the industry,” he said.

“Whilst over the years we have taken measures to reduce a significant quantum of sugar in our beverages, we will continue to aggressively expand our low sugar product range by accelerating the launch of such new products.”

Ratnayake said that as a continuing part of JKH’s beverage portfolio strategy, it will also launch more non-carbonated beverages to broaden offerings.

JKH’s transportation industry group pre-tax profit rose 12% to Rs.945 million in the third quarter of 2017/18 from the previous financial year with its South Asia Gateway Terminals (SAGT) seeing growth in throughput of 11 per cent.

“The market share and profits of the Group’s Bunkering business increased as a result of a double-digit growth in volumes,” Ratnayake said.

The group’s financial services business pre-tax profit rose 35% to Rs.1.54 billion in the third quarter mainly on account of the performance of Union Assurance, where gross written premiums recorded strong growth above industry average whilst Nations Trust Bank recorded sound loan growth, he said.
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Re: JKH Community

Postby Blue Whale » Thu Feb 01, 2018 7:11 am

Every one was mad to increase hotel rooms citing increasing tourist arrivals and now the same are crying for low income due to the same increase in hotel rooms. I feel that Sri Lankan business community has made a fundamantal calculation error by investing heavily on hotel sector.
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Re: JKH Community

Postby SHARK » Tue Feb 06, 2018 9:51 am

150 is a good reentry ... can it fall another 10 rs
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Re: JKH Community

Postby Blue Whale » Tue Feb 06, 2018 11:18 am

SHARK wrote:150 is a good reentry ... can it fall another 10 rs


The absence of foreign interest together with panic retail investors can take it where you want to see it. ;)
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Re: JKH Community

Postby Blue Whale » Tue Feb 06, 2018 6:55 pm

When the Waterfront project nears it's completion in 2019 JKH need to pay the contractors. While doing so they need to reduce the bank deposits and also to borrow if cost escalations are there. The end result will be JKH loosing the luxury of current finance income to cushion out the fall in profits from core business. Wonder how the management plans to cover the gap. Don't think that the project itself can generate similar kind of income during its early stage.
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Re: JKH Community

Postby PAT » Tue Feb 06, 2018 11:30 pm

Sri Lanka’s John Keells group food business sales, profits slide

ECONOMYNEXT – Sri Lanka’s John Keells Holdings consumer foods business has seen a sharp slide in profits and margins in the December 2017 quarter largely owing to a sugar tax imposed late last year and lower consumer spending.

The group’s consumer foods sector includes the beverage, frozen confectionary and processed foods businesses.

Beverage sales fell 21% in the third quarter of the 2018 financial year while ice cream volumes fell six percent, according to a JKH investor presentation.

JKH says it is market leader in soft drinks, ice creams and processed meats sold under Elephant House and Keells brands.

The pre-tax profit margin in the consumer foods business fell to nine percent in the December 2017 quarter from 14% the year before.

JKH said the sales decline in the beverage business was worsened by the implementation of a sugar tax from November 2017, which resulted in substantial price increases.

The continued tapering of demand arising from subdued consumer discretionary spending was also a factor.
(COLOMBO, February 06, 2018)
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Re: JKH Community

Postby Blue Whale » Wed Feb 07, 2018 7:05 am

F&B sector will come to normalcy next year but the biggest leasure sector can't be expected to turn around in such a quick time. That will be the biggest issue.
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Re: JKH Community

Postby Blue Whale » Wed Feb 14, 2018 4:47 pm

One of the bearish charts I can see. RSI fell to 45. Seems more chances for further correction.
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Re: JKH Community

Postby SHARK » Wed Feb 21, 2018 9:35 pm

150/155 around would be ok as re-entry.
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Re: JKH Community

Postby Blue Whale » Thu Feb 22, 2018 6:43 am

This depends on foreign actions and Captain actions. Currently foreign appetite keeping it around 160 even though results are not good.
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Re: JKH Community

Postby SHARK » Thu Feb 22, 2018 10:16 am

there is no harm in collecting bits and pieces from now till 155/150 if it comes your way
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Re: JKH Community

Postby Blue Whale » Thu Feb 22, 2018 8:37 pm

Still hanging around 160/-
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Re: JKH Community

Postby SHARK » Thu Mar 01, 2018 12:51 am

160 to 200 when can we expect. chart is bullish.

technically wave 3 should be slightly above 200.
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Re: JKH Community

Postby Blue Whale » Thu Mar 01, 2018 10:54 pm

Rather.is it someone collecting the available quantities @ 160 after all those negatives.
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Re: JKH Community

Postby Blue Whale » Fri Mar 02, 2018 1:00 pm

Charts turned bullish though volumes are very small. May be the stock is reacting to an impending deal at higher price. Usually that time of activities are common with this counter.
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Re: JKH Community

Postby Blue Whale » Tue Mar 06, 2018 7:25 am

Despite the troubled financials stock price seems strong at the moment. The astonishing result by UAL will surely improve JKH's 17/18 results anyway.
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Re: JKH Community

Postby Blue Whale » Tue Mar 06, 2018 7:25 am

Despite the troubled financials stock price seems strong at the moment. The astonishing result by UAL will surely improve JKH's 17/18 results anyway.
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Re: JKH Community

Postby Blue Whale » Wed Mar 07, 2018 9:21 am

Went up as well as came down on low volumes. Is someone trying to keep it up artifacially.
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Re: JKH Community

Postby SHARK » Wed Mar 07, 2018 9:29 am

i would like to see jkh get stabilise within 152-162 range to see off formation of symmetrical triangle.

a target price appreciation of 50rs is in the making.

a technical set up at the break out of 163 :D
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Re: JKH Community

Postby SHARK » Fri Mar 09, 2018 3:26 pm

Its becoming very clear the share is gathering momentum towards 180 :D
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Re: JKH Community

Postby Blue Whale » Fri Mar 09, 2018 3:55 pm

We are lucky if this reaches 180 now
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