Sri Lanka Plantations by CAL

hariesha Thu Sep 26, 2013 11:04 pm

Summary

For FY14E, NAMU and ELPL show strongest prospects following the 20% increase in wages
CAL's worst case scenario assumes higher non-wage costs (NAMU and ELPL still on top)
In FY14E, AGAL is among the best performers in CAL's best case scenario
WATA and AGAL may provide a more attractive long-term growth trajectory (albeit riskier)
Crop diversification allows CAL's picks to manage risk effectively…
…while maintaining a lower blended cost of production per hectare
A depreciating LKR (-6% YTD) may further support CAL's picks as c.95% of revenue is export derived
Sri Lanka Plantation Sector may be reaching its bottom
CAL's top picks are down 30%+ on average from 1-year highs

Attachments

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