Subscribe to Softlogic IPO, says John Keells Stock Brokers

Monday, 6 June 2011 00:00 - - {{hitsCtrl.values.hits}}

John Keells Stock Brokers (JKSB) is recommending the Softlogic Holdings Ltd.’s Rs. 4 billion IPO as ‘subscribe.’ “At an issue price of Rs. 29, the counter trades at a P/Ex of 12.9x FY12E and 8.6x FY13E earnings which is a discount to peers despite offering superior near term earnings growth rates and exhibiting higher returns on equity. We recommend SUBSCRIBE,” JKSB said in a Research publication. Here are excerpts:

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.