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  • #12
    20Rs seem a good price level again to re-enter.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

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    • #13
      Agreed. Thanks Shark. This share has huge growth potential and my estimated instructic value is 38 per share

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      • #14
        The price looks ok at 20, but if i zoom out to weekly window, this has got a support at CMP. so if any one taking a shot at cmp can target 25 or so and then re-average at 20 in case if trade reverses. and still target on the rebound. this is for traders. will study more, on its future opportunities and challenges.
        "The best values today are often found in the stocks that were once hot and have since gone cold"

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        • #15
          The global palm oil prices declined 8%YoY in Mar 2018 due to weaker demand and abundant supply. European Union is phasing palm oil out of the biofuel production while United States is looking forward to impose anti-dumping duties on palm oil imports from Indonesia. India has increased levies on edible oil imports which has discouraged demand for palm oil from India, one of the largest buyers. On the plus side, Malaysia and Indonesia are in talks with China to supply for a B5 biodiesel program which may lead to higher demand.

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          • #16
            The company has a target of 30,000 liter milk per day by 2019 and the process is in tact

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            • #17
              17.50-18 not bad either.
              "The best values today are often found in the stocks that were once hot and have since gone cold"

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              • #18
                This extending towards the 3rd wave, possibly towards 17.50 and 5th wave expected to complete towards 15. So i am on sidelines.
                "The best values today are often found in the stocks that were once hot and have since gone cold"

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                • #19
                  Financial Performance- Period ended 30 September 2018

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                  • #20
                    Excellent result and showing improvement in dairy sec

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                    • #21
                      Sri Lanka’s Watawala Plantations records PAT of Rs.554Mn-Nov 09, 2018

                      Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018.
                      The Company achieved a PAT of 358 million rupees in the second quarter (Q2) compared to the first quarter (Q1) PAT of 196 million rupees.
                      The increase in the production volumes in Q2 propelled the profitability, the company said issuing a statement.
                      Global palm oil prices declined in response to the supply side factors, which affected the local price. However, this was negated owing to the upward revisions of duty on crude palm oil imported to the country.
                      Watawala Dairy Limited (WDL) in the second quarter (Q2) showed signs of recovery versus Q1 as the milk volume, prices and revenue increased significantly, resulting in a reduction in operating losses.
                      Loss reported for Q2 was Rs. 25 million compared to a loss of 45 million rupees reported in Q1, thereby, a total loss of 70 million rupees was reported for the six months ended 30 September 2018.
                      These start-up losses, now within the budgeted parameters, are regularly monitored and controlled. Increased milk production from the cattle coming to the second lactation in the herd and the first lactation of 246 cattle imported from Australia in May 2018 mainly accounted for the volume increase”, said Watawala Plantations PLC, Managing Director, Vish Govindasamy.
                      “The volatility in the global oil palm market will remain and the strengthening of the US Dollar against Lankan Rupee will have mixed consequences for the industry.”

                      http://www.lankabusinessonline.com/s...t-of-rs-554mn/

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                      • #22
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