Kiri Industries Ltd - Share in Bullish Mood and Mode | Investing | Finance | Stocks and Shares | Share Guru Weekly
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In Kiri Industries Ltd – Chinese Company – Longsheng Group has appealed against part of the decision of the Singapore International Commercial Court ('SICC') pronounced on 3rd July, 2018 .
Since appeal is made on part portion of the judgement it may not much affect the valuation process of the Judgement.
Even though for hypothetical purpose if you think appeal will affect the judgement, the payment of compensation to kiri Industries will be delayed by just 3-4 months. In all probability we expect everything will be completed before the end of Current Financial Year.
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As of now Kiri Industries Ltd has considered only Standalone Results for quarterly. After the winning of Case in Singapore . Kiri has changed its way and from now onwards it will be presenting Consolidated Results quarter on quarter. With this all vital parameters will change positively.
So the book value of share, earning capacity, earning per share, price earning ratio will get adjusted for consolidated results. Consolidated results are more appropriate than standalone results and that will be reflected in the share price.
During the next week Kiri Industries Ltd share may come out of purview of ASM list maintained by stock exchanges and it may go back to original 20% range .
Company is declaring FY 2018-19 , Q1 results on Friday 10th August 2018. These results are going to be very good .
On August 16, 2018 – discussions for the valuation of Dystar Global Ltd will start under super vision of Singapore court.
Foreign Institutional Investors are evencing much interes in this counter in the coming future.
Once the valuation of Dystar Global Ltd is quantified , we may expect a Buy-Back from Kiri Industries or a good special Dividend as Diwali bonanza.
With the start of disperse dyes division , we may expect excellent growth in the coming 2nd quarter results also.
On Friday 3rd August 2018 – just 2 minutes before closure of the market on NSE share has traded at upper circuit price of Rs.579.90/- per share.
In the coming week of 6th August 2018 – 12th August 2018 – we may expect the share price may march forward beyond Rs.600/-.
We can conclude share is in bullish mood and mode.
This is a excerpt from our magazine – Share Guru Weekly Editorial for the coming next week 6th August to 12th August, 2018.
Signing Off
Yours Radha Krishna
from Team Share Guru Weekly.
Thank You,