Sector - Plantation

yellow bird
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Re: Sector - Plantation

Postby yellow bird » Fri Jan 19, 2018 7:39 pm

Was there no tea auction this week. (Should be auction no 3). There are no price details in tea board or any other related Web page .

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Re: Sector - Plantation

Postby Blue Whale » Fri Jan 19, 2018 8:25 pm

Be cool :)
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Re: Sector - Plantation

Postby yellow bird » Fri Jan 19, 2018 9:18 pm

Ok

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Re: Sector - Plantation

Postby yellow bird » Fri Jan 19, 2018 9:19 pm

:ar!

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Re: Sector - Plantation

Postby PAT » Sun Jan 21, 2018 9:25 am

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Re: Sector - Plantation

Postby Edmond » Sun Jan 21, 2018 12:38 pm

Thx PAT for update.

Dear SHARK,

Is there any possibility maintaining/update your tea weekly table as I am thinking following that weekly will be a worthy... :D

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Re: Sector - Plantation

Postby Blue Whale » Thu Jan 25, 2018 7:59 am

What will be the volume of production for the different plantations in the last quarter. Can we see a Qoq growth.
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Re: Sector - Plantation

Postby PAT » Fri Jan 26, 2018 10:48 am

Turkey buys more Sri Lankan tea for blending, re-export

ECONOMYNEXT – Turkey sharply increased imports of Sri Lankan tea in 2017 for blending and re-export, emerging as the top buyer of the island’s main export crop, Minister of Plantation Industries Naveen Dissanayake said.

Exports of Ceylon tea to Turkey rose almost 40% to 35.4 million kilos in 2017 from the previous year, he told a news conference.

“The main reason for the huge increase is that they are importing our tea for blending with theirs and re-export.”

Turkey now accounts for 13% of the market share for Sri Lanka’s tea exports.

Russia, for long the biggest buyer of Sri Lankan tea, fell to third place last year, behind Iraq, owing to affordability issues, given high prices of Ceylon tea and the weak rouble at the time, Tea Board Chairman Rohan Pethiyagoda said.
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Re: Sector - Plantation

Postby PAT » Fri Jan 26, 2018 10:49 am

Sri Lanka to crackdown on tea trade corruption

ECONMYNEXT – Sri Lanka’s Minister of Plantation Industries Naveen Dissanayake said he wants to focus on cleanliness in tea exports this year and promised tough action against corruption in the trade.

“This year, I want to concentrate on cleanliness and quality and intend to take tough measures to protect the image of Ceylon tea,” he told a news conference.

The main problem was ‘refuse’ or low grade tea not up to export standards coming into the market, and being shipped after being mixed with good grades.

“There’s a lot of corruption in the tea industry - low grade teas are being mixed with other grades and exported – we won’t tolerate that,” Dissanayake said. “We will deal with it in tough manner. We have to hit that hard.”

Dissanayake said the regulator, the Tea Board, was under “tremendous pressure” and finding it difficult to crackdown on corruption given the size of the industry, with annual exports of US$1.5 billion.

“You can imagine the money in the industry. A lot of nefarious things are happening, especially impure tea coming into market – they are buying up people, spending money, getting officials on their side,” Dissanayake said.

“I want to clean it up – I don’t think I have taken hard decisions. I had been concentrating on production and price issues we were saddled with. Now that we’ve brought prices back up, I hope to focus on tea quality and cleanliness to ensure a quality tea industry.”

Tea Board Chairman Rohan Pethiyagoda said the regulator’s resources were not enough, given the size of the problem.

“The trade is about 1,000 kilos a day. It’s a huge volume, difficult to monitor.”

The Tea Board has only 40 inspectors paid Rs35,000 a month.
(COLOMBO, January 26, 2018)
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Re: Sector - Plantation

Postby PAT » Sun Jan 28, 2018 11:23 pm

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Re: Sector - Plantation

Postby Blue Whale » Mon Jan 29, 2018 7:02 am

President said he will stop the re-export of tea from 10th February. Dont know why he is telling that.
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Re: Sector - Plantation

Postby SHARK » Mon Jan 29, 2018 9:30 am

I have said in the month of december towards the latter part through my workings based on numbers....

Western High and Med - had done well, but
Uva med and high both elevations numbers should be much better dec 2016 and they have done extremely very well especially uva med.

with production volumes were lower than preceding quarter that abled to maintain marginally higher prices (between 5%-10%) across the elevations.

This is comparing 2016/17 Dec quarters.

but if anyone looking to compare over 2017 Sep quarter and last quarter dec 2017, we should see revenues dip 10%-15% except western high achieving 2% in excess of Sep 2017.

however the question most of us should be asking, will there be super performers given the general precedence.

thats the key, to identify and pick, and what processors these plantation companies have set to earn stable income through diversification.

further in the coming months we should keep a tab on the prices + production numbers to see if these two variables converging, and thats the time to move out.
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Re: Sector - Plantation

Postby lukedesilva » Mon Jan 29, 2018 9:42 am

Thanks Shark for the insight

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Re: Sector - Plantation

Postby senarath67 + » Mon Jan 29, 2018 9:57 am

Thank you,Shark for educating us.

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Re: Sector - Plantation

Postby dhanurrox » Wed Jan 31, 2018 7:34 pm

Expecting a run.KVAL was ok and TPL was exceptional.Lets see tomorrow.

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Re: Sector - Plantation

Postby lukedesilva » Wed Jan 31, 2018 8:36 pm

Yeap

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Re: Sector - Plantation

Postby Blue Whale » Thu Feb 01, 2018 7:45 am

I will try to post some numbers for key plantation stocks with some analysis.
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Re: Sector - Plantation

Postby GB » Thu Feb 01, 2018 9:28 am

Blue Whale wrote:I will try to post some numbers for key plantation stocks with some analysis.


:ymbringiton: :ymbringiton:

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Re: Sector - Plantation

Postby Blue Whale » Thu Feb 01, 2018 9:49 am

Here is the plantation run for you guys. Don't blame me that I haven't warn you :))
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Re: Sector - Plantation

Postby Blue Whale » Thu Feb 01, 2018 9:57 am

So once again the funda set of plantations, LDEV, MAL, MASK, are on the move. In between BALA & MADU too moving. TPL is limited because limited seats :))
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Re: Sector - Plantation

Postby Edmond » Thu Feb 01, 2018 11:23 pm

Blue Whale wrote:So once again the funda set of plantations, LDEV, MAL, MASK, are on the move. In between BALA & MADU too moving. TPL is limited because limited seats :))


Wow..nice to see all plantation are moving to green.

With the sector rally fundamentally sound stock will appreciate, but don't forget some neglected plantation stocks too. Sometimes they are moving very faster than others... :-B

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Re: Sector - Plantation

Postby PAT » Fri Feb 02, 2018 2:23 am

Yes, with good results..........

we can have another plantation rally....... :D
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Re: Sector - Plantation

Postby Blue Whale » Fri Feb 02, 2018 7:23 am

I have published MAL and LDEV. Few to follow.

I think now it's the time to assess the industry outlook and the profitability for 2018. Since the environmental factors can be predicted with fair degree of accuracy I can say that the time has come to consider plantation sector stocks as a medium term investment. Last year we made a massive success from this sector purely considering them as short term investments. Now the time has come to shift our focus.
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Re: Sector - Plantation

Postby newer1 » Fri Feb 02, 2018 8:34 am

Thanks BW. could we have nother rally ?
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Re: Sector - Plantation

Postby PAT » Sun Feb 04, 2018 1:49 am

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