John Keells Holdings

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As hyperinflationary dynamics subside, the residual effect has unveiled a large dislocation in valuations. The risk premium attached to overall market valuations to diminish with a potential IMF agreement imminent. With the expansion in bottom line t...

We expect potential announcement on gaming operation at Cinnamon Life is imminent…. We believe the full economic potential of Cinnamon Life can be realised via gaming facility. We forecast gross gaming revenue at Cinnamon Life to reach 423mn USD by F...

The 2022 Consumer Sector Panel Discussion organised by Asia Securities Research was held on 19 July 2022. This year’s event themed “The Fight Against Inflation: Navigating through hyperinflation and sector dynamics” was held virtually. Purchase frequ...

We assign a BUY rating on JKH with an FY-22E TP of LKR 220.00 (upside of 69.2% and TSR of 71.5%). Several of the company’s core businesses enjoy long-term market leadership positions, and are well positioned to benefit from long-term growth in the mo...

Including estimate revisions, we maintain our SOTP valuation-based 12-month target price at LKR 175.00/share. We expect Consumer and Retail to rebound strongly from 4Q FY21E onwards, barring further localised lockdowns, offsetting the losses from Lei...