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AMF.N000050DMA (Green line) acting as a resistance line & 23 will be the strong support level in upcoming days. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:AMF.N0000Long
by rukshan2102
ASIR.N0000📈 Stock ASIR closed at 23.9 on 31/05/2024 🔹 Resistance Level: 25 🔹 200 EMA: 24.8 🔹 Last Friday's candle: Pin Bar The recent pin bar candle suggests a potential reversal, with the 200 EMA acting as a significant resistance level at 24.8. Keep an eye on this stock as it approaches the 25 resistance level. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASIR.N0000Long
by rukshan2102
HELA APPAREL HOLDINGS - HELA.N0000 (CSE/Colombo Stock Exchange)Strategy Expected recovery in Garment & Textiles Industry & HELA's 180-degree turnaround strategy implementation - Cost Reductions - Capacity optimization (maintaining demand base capacity) - Benefits from acquiring of Focus Brands Limited Historical Facts * IPO Price - LKR 15.00 * IPO Debut price - LKR 22.00 * HELA got affected from garment industry crisis during CY 2023 (Supply Glut) * 52 Week High/Low LKR 8.60/LKR 4.80 Technical Analysis (Chart Patterns) * If HELA managed to cross LKR 6.20/6.30 range, if will make a Cup & Handle pattern breakout * Interestingly from LKR 6.40 to LKR 8.00, there is a considerable VRPV Gap which can provide a volatile move * 50/100 MA Golden Cross is about to happen Potential Pattern Targets * Previously broken multi week descending wedge target LKR 8.00 * About to break C&H pattern pointing towards LKR 8-8.20 range Fundamentals & business outlook * Sri Lanka's Garment Industry start recovering during Q4 2022/23 * In the month of March 2024 Sri Lanka's garment & textile exports recorded a YoY growth 6.66%, after > 12-month negative growth period * HELA's GP margins improved by 8.4% during Q3 (during Dec Q) * OP & NP margins improved 580 & 220 bps * Notable cost controls are visible in managing distribution/administration expenses * One-off value gain from FOCUS acquistion is expected to be recorded in the 4th Quarter results
CSELK:HELA.N0000Long
by HR2302
JKH.N0000 - Key fib levels in monthly chartJKH is consolidating in golden pocket now. It should close above golden pocket to keep bullish momentum.In next few months, Next support will be around 0.5 fib level and resistance will be 0.718 Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:JKH.N0000
by rukshan2102
JINS.N0000 Janashakthi Insurance - Cup & Handle BOBreaking 46 will make a C&H Break Out. Dividend Pending * Amount > LKR 5 (JINS can distribute tax free dividend received from CFVF.N0000) Profit Expectations * Earnings should be good. * Majority of BOND portfolio is classified under 'Financial Assets at Fair Value Through Profit or Loss'. Hence capital gains due to rate cuts will reflect in P&L. NAV * LKR 60.64 / PBV 0.75 (All other life insurance companies in CSE are trading above NAV.)
CSELK:JINS.N0000
by HR2302
Raigam Wayamba Saltetns RWSL.N0000-(CSE/Colombo Stock Exchange)Fundamentals * Expected 12M EPS - LKR 1.20 * PE - 5.91 (@ LTP LKR 7.10) * NAV - LKR 8.36 * Expecting NAV YE March 2024 - LKR 8.76 * PBV - 0.81 * Free Cash/Share (Including Fixed Deposits) - > LKR 3.00 Fundamental Investment Thesis Summary * Sri Lanka had extremely high interest rates above 25% during 2022 & 2023 * Now fixed income rates had dropped below 10% and expecting fall below and remain lower * No incentive for the company to continue with high free cash buffers * Company is currently debt free. As borrowing rates are low, company can execute expansions on borrowings. * Expecting distribution of free cash as enhanced dividends Fundamental business outlook * 2024 is expected to be a dry year (El Nino effects) for Sri Lanka. Dry conditions are very much conducive for salt production. * Sri Lanka is coming out of an economic crisis. Consumption levels are expected to grow rapidly in 2024 (Growth of tourism/increased consumption from native population Technical Analysis (Chart Patterns) * With the breaking of LKR 7, RWSL is with a confirmed C&H Break Out. Target LKR 8.30, 18% upside. * 52 W High LKR 9.30
CSELK:RWSL.N0000
by HR2302
BIL.N0000 (CSE/Colombo Stock Exchange)Fundamentals * 9M EPS LKR 1.53 * PE - 4 (@ LTP LKR 6.20) * NAV - LKR 9.65 * PBV - 0.64 * Largest shareholder of HNB Fundamental business outlook ** If ISB re-structuring achieved with no haircuts prompting HNB to reverse 100% provisions, a positive impact of LKR 1.23/share of BIL will occur. Technical Analysis (Chart Patterns) * With the breaking of LKR 5.80, BILs with a confirmed C&H Break Out. Potential Pattern Targets * Ascending triangle (handle of C7H pattern) LKR 6.60 * Cup & handle pattern target LKR 7.60 * 2 yearlong Descending Wedge breakout target LKR 10.50
CSELK:BIL.N0000Long
by HR2302