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DIPD shares prove a puller

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By Hiran H.Senewiratne

Fully integrated rubber glove manufacturer and exporter, Dipped Products PLC (DIPD), is enjoying an exceptional  year due to the COVID-19 pandemic, with the half-yearly after-tax profit soaring by 545 percent  to Rs. 2.1 billion compared to 2019, market sources said.Pre-tax profit was up 479 percent  to Rs. 2.6 billion, while net profit attributable to equity holders of the parent company was up 377 percent  to Rs. 1.9 billion. DIPD being a  Hayleys Group subsidiary,  other related listed subsidiary companies’  share prices also moved up, stock market analysts said     

In the meantime, Hayleys Group share prices increased by Rs. 56.90 or 17 percent. Its shares started trading at Rs. 335.20 and at the end of the day they moved up to Rs. 392.10. Other subsidiary company, Haycarb’s share price moved up by 25 percent or Rs. 94.80. Its shares started trading at Rs. 379.40 and at the end of the day it moved up to Rs. 474.20.

Amid those developments both indices moved upwards, i.e., the All Share Price Index was up by 98.20 points and S and P SL20 up by 30.43 points. The turnover stood at Rs. 4.28 billion with four crossings. Those crossings were reported in Vallibel One, 3.5 million shares crossed to the tune of Rs. 78.75 million, its share price traded at Rs. 22.50, Commercial Bank one million shares crossed for Rs. 73.5 million, its shares traded at Rs. 73.50, Hayleys  131.4 million shares crossed for Rs. 49.3 million, per share value Rs. 375 and Hemas Holdings 577,000 shares crossed for Rs. 40.4 million, its per share value being Rs. 70.

In the retail market top five contributors to the turnover were Dipped Products Rs. 588 million (1.57 million shares traded), Expolanka Rs. 560 million (22.7 million shares traded), Hayleys Rs. 388.9 million (1.04 million shares traded), Browns Investments Rs. 220.4 million (87 million shares traded) and  Haycarb Rs. 185.7 million (424,000 shares traded). During the day 217.7 million share volumes changed hands in 32020 transactions.

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NSB introduces special credit scheme for shrimp farming industry

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National Savings Bank (NSB), in collaboration with one of its fully owned subsidiary, Sri Lanka Savings Bank(SLSB), has planned to introduce a special loan scheme to offer credit facilities under a lower interest rate with a view to accelerating the development of shrimp farming industry in Sri Lanka.

Shrimp farming industry in Sri Lanka, which came into being around 30 years ago, could be identified as a higher value generating sector among the industries based on aquaculture in the country.

With the objective of achieving a sustainable development in shrimp farming industry in the country, Sri Lanka Aquaculture Development Alliance has been established 15 years back and the permanent members of this organization will be able to obtain loan facilities within a value range of Rs. one Million to Rs. 100 Million under this loan scheme.

This Alliance comprises of 18 farmers’ societies, breeding center societies, seafood societies and shrimp feed societies in Puttlam District, in which the shrimp farming industry is mainly centralized. The Alliance operates the shrimp farming industry, in coordination with the National Aquaculture Development Authority of Sri Lanka, the main state sponsored organization mandated for the task of development of the aquaculture and inland fisheries sector in Sri Lanka and other government institutions. Further, the membership of this alliance represents the entire shrimp farming industry of the country.

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Lanka Realty Investments acquires controlling shares of On’ally Holdings

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CSE turnover almost Rs 3.5 billion

By Hiran H.Senewiratne 

Lanka Realty Investments Plc has acquired 50.8 percent  of the issued capital of Colombo Stock Exchange (CSE)  listed On’ally Holdings Plc for Rs 1.42 billion.

With the transaction Renula Capital and Lanka Reality Investments share prices appreciated significantly yesterday, stock market analysts said.

On’ally Holdings Plc announced that Lanka Realty Investments Plc has acquired 50.8 percent  ( 47,244,050 shares) of the issued capital (93,003,087 shares) of the company with the purchase of shares made on 3rd December 2020 at a price of Rs.30.20 per share. 

Meanwhile, in a separate filing Renuka Capital Plc announced that it has sold and disposed of 40,754,820 Ordinary Shares (43.821 percent ) held by the Company in On’ally Holdings Plc to Lanka Realty Investments Plc at a value of Rs.30.20 per share on the CSE. Renuka Capital PLC is the second largest shareholder of On’ally Holdings Plc.

The turnover stood at Rs 3.44 billion with two crossings mainly; On’ally Holdings crossing which contributed 42 percent to the turnover and Access Engineering. On’ ally 47.2 million shares crossed for Rs 1.43 billion and its share price was Rs 32.20 and Access Engineering one million shares crossed for Rs 25 million and its share price was Rs 25.

With the transaction  Renuka Capital share price appreciated by  more than 50 percent or Rs 2.50 . Its share price startered trading at Rs 5 and at the end of the day it moved upto Rs 7.50. Lanka Reality share Price share price moved up by 13 percent or  Rs 4.60. It’s share price startered trading at Rs 34.40 and at the end of the day it moved up to Rs 39.

In the retail market top five companies that mainly contributed to the turnover were JKH Rs 141.5 million (945,000 shares traded), Expolanka Rs 135.7 million (5.2 million shares traded), Melstacorp Rs 128 million (three million shares traded), Access Engineering Rs 123.3 million (4.9 million shares traded) and Renuka Capital Plc Rs 121.7 million  (18.5 million shares traded).

Amid those developments both indices moved upwards  i.e. All Share Price Index up by 17.26 points and S and P SL20 up by 8.81 points up. The share volume that transacted during the day was 22487.  According to stockbrokers that market sluggish and the latter part of the day  it picked up following the major crossing.

 

 

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SLT and Mobitel launch Green Premier League 2020

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SLT and Mobitel together began an exemplary green initiative project simultaneously with Sri Lankan Premier League (LPL) 2020 called “SLT – Mobitel Green Premier League” (GPL), as a sustainable environmental conservation project. According to the winning score of each team in every match of the LPL, SLT and Mobitel will take necessary actions to plant the equivalent number of plants as forest restoration at Rajawaka forest reserve in Kalthota, Balangoda. Thus, by the end of the LPL tournament, SLT and Mobitel will have taken the necessary actions to plant possibly around 4000 plants in the forest reserve and would have arranged a sustainable maintenance program with the Forest Department in accordance with UN sustainable developments goals. This would be a pioneer project within the context of any cricket premier league in the world!

From the 26th of November 2020 till the 16th of December 2020, SLT and Mobitel will be conducting this remarkable initiative aiming to increase the forest cover in Sri Lanka by planting these trees in 6 hectares in Rajawaka Forest reserve, which has identified as a rich biodiversity site and also the major water catchment area for the Samanalawewa reservoir. With an island-wide reach as the national telecommunications service provider, SLT hopes to inspire sports fans and the youth of the country to undertake their own steps towards environmental conservation and sustainability. SLT will continuously monitor this project in the next two years with the support of the Forest department to ensure the desired outcomes.

 

 

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