Tuesday, February 16, 2010

SRI LANKA - TALAWAKELE PLANTATIONS JOIN THE PLANTATION RALLY

Talawakele Plantations a Hayleys group company has reported more than 100% growth in profits for the last 03 months period ended 31/12/2009. despite a marginal loss reported for the financial year 2009 ended 31/12/2009.


Net assets per share now stands Rs 42.56 as at 31/12/2009 for the group.

 TOP FIVE SHARE HOLDERS AS AT 31/12/2009

Hayleys Plantation Services (Private) Limited                   --- 17,750,000
Merrill J Fernando & Sons (Pvt) Limited                          ---  1,184,700
Mr. S. N. C. W. M. B. C. Kandegedara                          ---     252,000
Waldock Mackenzie Limited / Ceylinco Shriram Capital   ---     235,000
Mrs. P. N. Bhatt                                                              ---     126,000

5 comments:

Indika said...
This comment has been removed by the author.
Indika said...

What does it exactly mean? Do you think it is advisable to invest in it? As you think what would be the fair market value for that share, if we are to buy it. Today market value is Price (Rs.)* 29.50 , Please let us know your suggestions. Thank You!

Anonymous said...

Rubber May Drop 17% as Rally Outpaces Chinese Demand Growth



By Aya Takada and Yasumasa Son



Feb. 16 (Bloomberg) -- Rubber prices in Shanghai may drop as much as 17 percent this year and drag down Tokyo futures after gains outpaced demand growth in China, the largest consumer, Global Broker Services Ltd. said.



The Shanghai Futures Exchange price may drop to as low as 20,000 yuan ($2,930) a metric ton by the end of 2010 from 24,045 yuan on Feb. 12, Tetsuji Wakao, president of the Hong Kong-based commodities and securities broker, said in an interview. The Tokyo contract, the global benchmark, will move in tandem with the market in China, he said, without giving a specific forecast.



Declining prices may benefit tire producers after rubber in Tokyo almost doubled in the past year as China led a recovery from the global recession. The nation’s vehicle sales growth may slow to 15 percent in 2010 from more than 40 percent in 2009, Miao Wei, vice minister of industry and information technology, said last month in Beijing.



“Market participants in China are becoming cautiously bearish,” Wakao said in Tokyo yesterday. The rise in prices since mid-2009 was too rapid to sustain, he added. Wakao worked for Japanese commodity brokers including Unicom Group Holdings before joining Global Broker, which takes orders from Chinese hedgers for trades in Tokyo.



July-delivery rubber on the Tokyo Commodity Exchange gained 0.1 percent to 284.5 yen a kilogram ($3,160 a ton) at 10:56 a.m. local time. Prices reached a seven-week low of 265.6 yen on Feb. 9, after touching a 16-month high of 306 yen on Jan. 15, amid concern that sovereign debt problems may slow the economic recovery in Europe.



Economic Growth



Futures were also curbed by concern that China’s monetary tightening may slow economic growth, leading to weaker demand for rubber. The country’s central bank took the second step in a month to restrain inflation and damp asset prices, ordering lenders on the eve of a weeklong Lunar New Year holiday to set aside larger reserves.



“China may raise interest rates later this year, which could curb investment and consumption,” said Kazuhiko Saito, chief analyst at commodity broker Fujitomi Co. in Tokyo. “That might be negative for the nation’s raw material demand.”



Natural rubber consumption in China gained 11 percent last year, according to data from the Association of Natural Rubber Producing Countries.



China’s rubber demand may rise 8.3 percent to 2.6 million tons this year, Wakao forecast, as the government puts priority on improving living standards in rural areas and promotes car ownership by farmers.



Tire shipments by Chinese producers are expected to increase 7.3 percent to 244 million units in 2010, Wakao said, based on data from tire makers. Domestic sales are forecast to grow 9.2 percent to 165 million tires, while exports are likely to rise 3.9 percent to 78.7 million, he added.



The country’s natural rubber demand may rise to 2.8 million tons next year and 3 million tons in 2012, Wakao said. China may consume similar synthetic rubber volumes, he added.



Natural rubber imports are forecast to increase 9.1 percent to 1.8 million tons this year before reaching 1.98 million tons next year and 2.18 million tons in 2012, he said.

SRILANKANSTOCKPICKS said...

Hi friend,
Thanks for your comments. You are a tea lover I supposed?
Every sector / company has a some sort of risk involved. You cannot find a risk free investment in the market. Today tea may be good but not tomorrow. As investors we have to minimize risk to our maximum.
There for better to go for plantations that have better crop mix.[tea +rubber+palm oil+ ....... etc]

Thanks.

SRILANKANSTOCKPICKS said...

Hi Indika,

sorry for the delay to reply to your post.

Tea is doing well now.

If you can buy TPL around Rs 25/ in this downward market its great.Do not go for whole lot at one time.purchase in slabs.

Thanks.