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TJL.N0000 (Textured Jersey Lanka PLC.) - Page 5 EmptyYesterday at 7:54 am by කිත්සිරි ද සිල්වා

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» In the Meantime, Within Our Shores !
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TJL.N0000 (Textured Jersey Lanka PLC.)

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TJL.N0000 (Textured Jersey Lanka PLC.) - Page 5 Empty Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by First Guy on Tue Oct 24, 2017 9:49 pm

when quoting a broker report, it is best to mention when it was published Smile I know you have nothing but good intentions but still...
I think this refers to the June quarter which was reported around 3 months ago. If that's the case, it is still ok as nothing much has changed. But if it is from an older report then projections and even the DCF might have changed.
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Post by Backstage on Wed Oct 25, 2017 11:30 am

Point taken FG. Will remember in future.

Got the report yesterday, so its refering to June quater.
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Post by yellow knife on Wed Nov 01, 2017 8:07 am

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Column1First Half 2017First Half 2016Variance %
Revenue11,502,27810,033,79514.64
Gross Profit1,353,4291,608,153-15.84
Net Profit589,787989,105-40.37

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TJL.N0000 (Textured Jersey Lanka PLC.) - Page 5 Empty TEEJAY LANKA - DIVIDEND ANNOUNCEMENT

Post by Rana on Fri Jan 26, 2018 5:00 pm

Date of Announcement:-26.Jan.2018
Rate of Dividend:-Rs.0.70 per share / First Interim Dividend
Financial Year:-2017/2018
Shareholder Approval:-Not Required
XD:-08.Feb.2018
Payment:-20.Feb.2018

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Post by Ethical Trader on Fri Jan 26, 2018 6:32 pm

Thanks Rana.
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Post by dhanurrox on Wed Oct 31, 2018 3:35 pm

Good report

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Post by PANTOMATH on Wed Oct 31, 2018 7:27 pm

dhanurrox wrote:Good report

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Yes as expected.
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Post by PANTOMATH on Wed Jul 17, 2019 11:45 pm

Outstanding share,proved again.
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Post by CK on Thu Jul 18, 2019 7:34 am

Overvalued counter always ...
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Post by serene on Thu Jul 18, 2019 7:36 am

Yes Panto.
One of my all time favourires.
One of few companies who thinks about us.

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Post by The Invisible on Thu Jul 18, 2019 8:23 am

I think the reason for TJL holding its ground when many others falling apart is due to investor confidence on the stock and that is playing a much bigger role than the reported financial numbers.
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Post by slstock on Thu Jul 18, 2019 11:03 am

Have to acknowledge  what CK and Invisible said.

I remember the hype at Rs 48 and when I said it is over valued!
Some might have gotten upset too.
Well atleast TJL corrected it market  value back to Rs 29/30.
Now trading Rs 37 or something.

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Post by serene on Thu Jul 18, 2019 11:50 am

The Invisible wrote:I think the reason for TJL holding its ground when many others falling apart is due to investor confidence on the stock and that is playing a much bigger role than the reported financial numbers.

One is here mate. Very Happy

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Post by serene on Thu Jul 25, 2019 5:17 pm

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No wonder why investors pay high premium for company like TJL which very ethical in their way of doing things and company which always think about its stakeholders while searching for avenues to expand their horizons.

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Post by The Invisible on Fri Jul 26, 2019 5:32 am

Teejay Sri Lanka to make lace with LFT of China

ECONOMYNEXT- Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is planning to diversify into lace production in a partnership with China's Luen Fung Textiles (LFT), officials said.


"Teejay is pursuing different growth avenues with diversification of products and this will be the start of this new journey," Teejay Chairman Bill Lam said.




Teejay's plants in India will start dyeing, finishing and scalloping of raw lace material supplied by LFT under a signed agreement.




The finished lace will be sold to customers of both Teejay and LFT.




Teejay, which has operations in Sri Lanka and India, specializes in weft knitted fabrics, and in recent years has ventured into lace dyeing, yarn dyeing and synthetic fabric production.




The firm is backed by one of Sri Lanka's largest apparel exporters Brandix (33 percent stake) and Hong Kong's Pacific Textiles (28 percent stake).




LFT, founded in 2006 in Hong Kong, China, manufactures for popular global brands.




It manufactures, sells, conducts research and development and supplies raw materials for lace and related products. (Colombo/Jul25/2019)
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Post by The Invisible on Fri Jul 26, 2019 3:43 pm

Teejay eyes sales to new apparel plants in Africa, South Asia

ECONOMYNEXT- Sri Lanka's Teejay Lanka Plc, one of South Asia's largest fabric mills, is eyeing sales to new apparel factories being set up in the region and Africa, a top official said.

"The increasing trend of locating apparel manufacturing plants in South Asia and the African continent, offer a landscape of many opportunities for the Sri Lankan fabric industry," Chairman Bill Lam told shareholders in the firm's annual report.



He said many global apparel manufacturers are relocating their apparel plants to South Asia from China, which has so far been the largest global garment producer.



This is due to changing US tariffs on Chinese products, and rising cost of labour in China, Lam said.



Teejay Chief Executive Shrihan Perera said that factories being relocated from China will also help lower costs for the firm.



"A likely decline in demand for cotton in China who is also one of the two leading suppliers of cotton yarn in the global market, could help curtail prices of our key raw material," he said.



Meanwhile, he said that there are only a few fabric mills present in Africa to compete with Teejay.



Therefore, setting up of new apparel plants in the continent offers Teejay sales opportunities, as Sri Lanka is located on a central maritime route to Africa, he said.



New opportunities are also opening up in India, where leading global apparel brands are seeking to capture the spending of the growing middle class, Perera said.



He said that since Teejay already has manufacturing facilities in India, the firm can offer competitive costs and delivery times.



However, the operations in Sri Lanka face high energy costs and infrastructure limitations, slowing expansion, Perera said.




"We are also constrained by the limitations to infrastructure at the BOI Zone," he said.



"Thus, it is our fervent hope that these limitations will be addressed with improvements and additions to the existing infrastructure in the near future."



Teejay, which specializes in making knit fabric recently has ventured into lace production at its Indian plant as well, in the firm's attempt to diversify income.



In the last financial year, the firm had added two global brands, Nike and Uniqlo to its portfolio, which also includes big brands such as L Brands, PVH, Marks & Spencers and Decathlon. (Colombo/Jul26/2019)
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Post by The Invisible on Wed Jul 31, 2019 10:00 pm

Superb result by Teejay for June quarter

Revenue up 19 YoY while GP up by 35% & PAT up by 62% to 454mn.

GP margin improved from 10% 12%

Chairman's statement says the reasons for the same

"Gross Profit recorded a 35.5% growth which is significantly higher than the 19.2% growth in Top Line. This resulted in a Gross Margin improvement by 1.4% basis points to 11.9% vs prior year corresponding period (10.5%). The Growth in Gross Profits were mainly due to the improved product mix, which was facilitated by a strong order book, curbing of non-strategic costs, and process improvements that improved efficiency which were realized during the commencement of our Journey of Operational Excellence. However, the challenges faced in increases of raw materials are prevalent as utilities and dyes & chemical cost are continuing to increase stemming from world market prices. Cotton has stabilized during the quarter, however the demand for cotton is on the rise and may impact adversely in the future "

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Post by serene on Thu Aug 01, 2019 7:41 am

One share you feel happy in holding most of the times.

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Post by කිත්සිරි ද සිල්වා on Thu Aug 01, 2019 7:48 am

Yes, I had this when it was below 20 and got rid of it for some foolish reasoning.
When I re-entered, it was much higher.
Same with REXP.
When I bought initially, it was 72 and when it reached 144, I sold them.
Reentred but much higher then. Shocked
serene wrote:One share you feel happy in holding most of the times.

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Post by serene on Thu Aug 01, 2019 7:51 am

කිත්සිරි ද සිල්වා wrote:Yes, I had this when it was below 20 and got rid of it for some foolish reasoning.
When I re-entered, it was much higher.
Same with REXP.
When I bought initially, it was 72 and when it reached 144, I sold them.
Reentred but much higher then. Shocked
serene wrote:One share you feel happy in holding most of the times.
Thats why I determine not SAMP to let go below 140 this time.
Same experience here with regard to REXP.

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Post by The Invisible on Tue Sep 03, 2019 12:15 pm

Teejay Lanka to up revenues to US$300mn with productivity driven capacity boost



ECONOMYNEXT – Teejay Lanka Plc, a apparel maker which has operations in Sri Lanka and India is planning to grow revenues 50 percent in the next three years, riding a shift of production from China, and output growth based on productivity gains, an official said.

South Asian Shift

“What we are seeing is a movement of orders out of China and the South Asian subcontinent is a key beneficiary gaining from this trend,” Teejay Lanka Director Hasitha Premaratne said.

“Teejay being a fabric player out of the both India and Sri Lanka has been benefiting from this trend.”

In the year to March 2019, Teejay Lanka group revenues grew to 31 billion rupees from 24 billion rupees in 2018, ( 191 million US dollars from 162 million dollars in 2018.)

In the next two to three years, the firm is planning to grow to 300 million US dollars.

In Sri Lanka most export firms call for currency deprecation to gain a price advantage by cutting real wages of factory workers. However, Teejay will boost productivity.
The firm plans to boost output 40 percent in Sri Lanka.

Productivity based growth

Instead of building new factories, which will also push up fixed costs, Teejay will maximize the use of remaining space in India and Sri Lanka, and replace older machinery with new ones with higher capacity.

The firm will also move to higher value products.

“We will go up the value chain with more sophisticated and innovative products,” Premaratne says.

In July Teejay tied up with LFT in China to produce lace.

Teejay profits grew 62 percent to 453 million rupees in the June 2019 quarter from a year earlier, as revenues grew 19 percent to 8.1 billion rupees, helped by strong orders and also some currency depreciation.

Earnings grew to 65 cents a share from 40 cents for the quarter.

Volatile cotton prices remain a risk for the firm.

Teejay cannot fully pass on cotton prices when prices go up, but it also tries to recoup margins by delaying price cut when cotton prices ease.

Market Penetration

Teejay Lanka’s top customers are Western brands, who have production units mainly in Sri Lanka and India.

Among top brands using Teejay fabric are Marks and Spencer Victoria’s Secret, Intimissimi and Decathlon.

Some of the production that is going out of China is moving to Bangladesh, which is becoming the second largest apparel hub in the world.

Teejay is already making shipments to apparel plants in Bangladesh.


Africa is another emerging opportunity, which is growing fast from a low base. Last year only about 2 percent of revenues came from the continent. This year it will double.

Many Western brands sell in Asia but their main focus are western markets. To get into Asia, Teejay has been roping in Asian brands like UNIQLO.

“Asia is growing fast and we want to share a part of Asia’s growth,” Premaratne said.(Colombo/Sep02/2019)
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TJL.N0000 (Textured Jersey Lanka PLC.) - Page 5 Empty Re: TJL.N0000 (Textured Jersey Lanka PLC.)

Post by Ethical Trader on Tue Sep 03, 2019 6:12 pm

Thanks.
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