J Street Volume 294

8/17/2019 J Street Volume 294

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Company Basics

E Code 538268

E Symbol WONDERLA

UITY ( in Cr.) 56.50

T.CAP ( in Cr.) 2182.90

Financial Basics

FV ( ) 10.00

EPS ( ) (TTM) 10.41

P/E (x) (TTM) 37.11

P/BV (x) (TTM) 5.51

BETA 0.6705

RONW (%) 20.00

Share Holding Pattern

Holder's Name % Holdin

Foreign 12.38

Institutions 4.38

Promoters 70.99

Non. Promoters 0.00

Public & Others 9.01

Govt Holding 3.25

mpany Overview

nderla Holidays is one of the largest operators of amusement parks in India, which owns and operates two park

brand name “Wonderla”, situated at Kochi , Bangalore, Hyderabad. In FY16, it had a cumulative annual footf

mpany has also developed the Wonderla Resort in Bangalore, a Three Star leisure resort, next to its amusemen

mprising of 84 luxury rooms.

estment rational

onderla Hyderabad”- next feather in Wonderla ’s kitty

nderla', the third theme park from Wonderla Holidays in the country and the first in the State, is built in 50 acres

h an investment of Rs. 250 crore. It has 43 attractions, which include 25 land based and 18 water based rides. A

ping roller coaster imported from Netherlands, and space themed flying theatre that is yet to be opened, would

or attractions. Management plans to launch a fourth park in Chennai at a cost of Rs. 300 Cr. , that would be their

me based amusement park.

ong operating experience - a key requirement as Operator

L ’s management has rich operating experience in operating the park, which is the key requirement for successustry. The first park was opened in Kochi in 2000 and the next one in Bangalore in 2005. Thus, promoters have o

rs of rich and successful experience in park operations. Amusement parks operate for 365 days from 11am-7p

hol-based beverages are not allowed inside.

ong competitive advantage- High entry barrier

elopment of large amusement parks typically require huge investment involving land acquisition, establish

astructure and rides, and regular investment in creation of new rides. Due to its highly capital intensive

eving the required footfall becomes highly critical, especially in newly developed parks, in order to break-even. ~

ex is required to established an amusement park .Companies existing parks of Wonderla at Bangalore and Kochi a

ing sufficient revenue and have witnessed steady growth in footfalls over the years.

uation : WONDERLA is trading at 379. We recommend “ Accumulate” with target price of 498 ,

k 30xFY18E EPS of 16.62.The stock current ly trades at 32.47x of FY16E, 27.93xof FY17E and 22.98x of FY

mpany Update : Wonderla Holidays Ltd.

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mmodity Corner

5-

DAMENTAL: Bullion prices last week ended with losses where gold prices dropped by over one percent and silver ended with around 1.8er dollar and strong U.S. economic data suggesting a brightening outlook for the economy. Bullion has rallied 20 percent this year as ct the strength of the global economy prompted traders to pare expectations for U.S. rate increases by the Federal Reserve this year. U

s jumped 1.3 percent last month, the largest gain since March 2015 and a bigger rise than the 0.8 percent expected. The overall reading recom auto sales, which surged 3.2% on the month. Still, core retail sales, which discounted the effects of auto purchases, increased by 0.8%casts for gains of 0.5%. The University of Michigan's Consumer Survey Center said its Consumer Sentiment Index soared nearly seven poMay flash reading to 95.8, significantly above consensus expectations of 89.7. It came weeks after consumer sentiment slumped to 89.0 inreading, dropping to its lowest level since last September. In the May reading, though, the expectations component surged nearly 10 pulling up the general index. Over the last year, the sluggish expectations component has dragged down consumer sentiments overall. Icontinued to react to a letter from Federal Reserve chair Janet Yellen to a member of the House Financial Services Committee regarding t

ote possibility likelihood of adopting a negative interest rate policy in the near future. Over the Federal Open Market Committee's (FOMC) ftings of 2016, the U.S. central bank has held its benchmark interest rate steady while central banks in Japan and the euro area have adopt

nterest rate regimes. India's gold demand in the first quarter slumped 39 percent from a year ago due to a rally in gold prices, jewellers' sonsumers had delayed purchases hoping a cut in India's 10 percent import duty on gold in the national budget, the World Gold Council sawere offering discounts of up to $15 an ounce to the global spot benchmark this week, up from a discount of up to $12 in the previous weekOMMENDATION : SELL GOLD @ 30600 SL 30950 TGT 30050-29700. SELL SILVER @ 42000 SL 43200 TGT 40500-39000

DAMENTAL : Last week base metals prices ended with losses except Zinc prices that ended with around 0.76% gains as support seen awed inventories in warehouses registered with the LME continued to erode, falling to 390,375 tonnes. The figure is the lowest since Ju

t two-thirds below the record peak in 2013, although some stock is thought to have been shifted to cheaper storage outside LME wareprices recovered some of its losses on Friday after a string of declines as some investors closed out positions that had been betting os though others remained cautious ahead Chinese economic data. Refined zinc production will trail consumption by 352,000 metric t, the ILZSG said in April, widening its deficit forecast from 152,000 tons in October. Supply tightness in North China is expected to ease,n increasing number of mines restart due to warmer weather. U.S. producer prices rose in April as energy prices increased, but a marge cost of services pointed to a moderate increase in inflation in the coming months. The Labor Department said its producer price index

percent last month after slipping 0.1 percent in March. The Commerce Department said retail sales jumped 1.3 percent last month, thesince March 2015. Codelco, the world’s biggest copper producer, sees prices rising toward the end of next year as investment cuts hast

ncing of global supply and demand. Poor Chinese data has done little to improve sentiment. The country’s M2 money supply at 556 billrshot the expected 820 billion yuan while new loans at -3.6 percent missed the projected -2.8 percent. Copper inventories fell a net 3,8

to 156,675 tonnes and cancelled warrants dropped 3,700 tonnes to 36,525 tonnes. Meanwhile, SHFE stocks have fallen more than 26,0there is growing speculation location that metal will continue to out to LME warehouses in the coming weeks. The shortfall in refined co

h 56,000 metric tons in 2016, the International Copper Study Group said in March. In October, the group predicted a surplus of 175,0ian aluminium giant Rusal warned against Chinese smelters restarting plants to keep from undermining prices that have retreated fros as Chinese producers consider launching a fund to deal with the layoffs from closures.

OMMENDATION : BUY COPPER @ 304 SL 298 TGT 312-330. Zinc BUY ZINC @ 123 SL 119 TGT 127.50-132. Nickel BUY NICKEL @TGT 590-620. Aluminium BUY ALUMINIUM @ 101 SL 98 TGT 106.50-110. Lead BUY LEAD @ 112 SL 108 TGT 118-122

DAMENTAL : Crude oil prices last week ended with four percent gains supported by a U.S. government report that revealed an unekly drop in crude inventories and a ninth straight week of falling domestic production. The US crude stockpiles fell unexpectedly last weetime since March as imports slipped, U.S. government data showed. OPEC said in its Monthly Oil Report for May that crude oil producth rose by 188,000 barrels per day to average 32.44 million bpd, according to secondary sources. Output in the Saudi kingdom still remame record highs. Overall, OPEC production reached its highest level since the peak of the Financial Crisis. Still, the value of OPEC's Reet moved higher for the third consecutive month, gaining $3.21 per barrel to $37.86. OPEC credited an accelerated decline of Uuction, a weaker dollar, a wave of supply disruptions worldwide and forecasts for a sharp fall in non-OPEC production for the latest pricord bullish bets on higher futures prices by speculators also helped once more this month," OPEC said in the report. "Nevertheless, fun oversupply still persists, and oil output remains high." Elsewhere, oil services firm Baker Hughes said in its weekly rig count report thaweek fell by 10 to 318, dropping to the lowest level since October, 2009. Moreover, the IEA issued a bullish forecast for the commodityhat global oil markets are heading towards a long-awaited balance as crude supplies will shrink "dramatically" later this year. Natural gd with one percent gains as weather forecasts for the end of the week indicate a cold snap across much of North America, boosting neand for the heating fuel. Moderate indoor-heating demand helped push the natural-gas market into oversupply this winter. Governmsed suggested the market was undersupplied last week by 3.4 billion cubic feet a day, which is what it needs to reduce the storage glu

winter. In its weekly report the Energy Information Administration said natural gas storage in the week ended May 6 rose by 56 billion cupared to expectations for an increase of 58 bcf. Total U.S. natural gas storage stood at 2,681 bcf the EIA said.

OMMENDATION : BUY CRUDE OIL @ 3020 SL 2900 TGT 3180-3300 .SELL NATURAL GAS @ 145 SL 156 TGT 136-130

BULLION

BASE METALS

ENERGY

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4 -

mmodity Corner

USD/INR

6-

rex Corner

EUR/INR

GBP/INR

JPY/INR

rket Eye Week ahead :

The Average Directional moving index (ADX) is below 20 on both daily and weekly charts indicating rangemovement of pair the whole week on broader basis. On the daily chart prices are trading in the rising wedge like which is a short term bearish pattern. US dollar index is trading at 94.64, appreciating against most of the maFriday after a better than expected retail sales data was reported. Range of the pair for whole week is 66.30-67.30

Level S2 S1 CP R1 R2 High Low Cl

SD/INR 66.42 66.67 66.87 67.12 67.32 67.06 66.61 66


PY/INR 60.45 60.96 61.63 62.14 62.81 62.30 61.12 61


BP/INR 95.47 95.99 96.47 96.99 97.47 96.95 95.95 96


UR/INR 75.62 75.81 76.08 76.27 76.54 76.35 75.89 76

rket Recap :

The Indian rupee weakened further in early tradeson Monday, 16 May 2016 due to continued demandor the American currency from banks and import-

ers.

The domestic currency opened at Rs 66.90 againsthe dollar but recovered back to a high of 66.81 soar during the day.

n the spot currency market, the Indian unit was lasteen trading at 66.87.

Meanwhile, the U.S. dollar index, which measureshe greenback's strength against a trade-weighted

basket of six major currencies, rose 0.03% to 94.63.

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Next batch of Q4 results of India Inc., macroeconomic data, trend in global markets, investment by foreign portfolio investornd domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price movement will dictaterend in the near term.

Nifty last week opened at 7755.25, attained a low at 7753.54 and moved up to 7916.04. Nifty finally closed the week at hereby showed a net rise of 81.44 points week to week basis. We had said last week to continue to hold long with profit bools placed at 7767-7856-7891. In the event of a breakout and close above 7992 expect the rally to be witnessed towards the nly zone of 8217-8235. Traders long and holding the same can maintain the stop loss at 7678. Use rise from 7814-7992 to end take profits. Re-enter long on close above 7992.

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treet Recommendations Report Card

Top Fundamental Stocks

Stocks Rec. Date CMP on Rec. CMP Target AbsoluteReturn @

CMPSta

na Auto 22/02/2016 133 145 181 9% B

Educare 1/2/2016 164 194 230 19% B

ware-Wall Ropes 28/12/2015 425 336 550 -21% B

spun syntax 23/11/2015 121 110 223 -9% B

co Pharma 2/11/2015 509 455 636 -11% B

F 21/09/2015 1140 1261 1374 11% B

uwalia contracts 24/08/2015 235 281 368 20% B

nite Computer Sol. 20/07/2015 190 230 255 21% B

bika Cotton Mil ls 18/05/2015 880 863 1149 -2% B

bhav Engineering4/5/2015 298 270 430 -9% B

kar speciality 16/03/2015 152 182 251 20% B

FL 16/02/2015 252 203 368 -19% Accum

Today Network 27/01/2015 222 335 337 51% B

M 12/1/2015 1238 1318 1452 6% B

ells India 27/10/2014 274 358 346 31% B

C India Fin. Ser. 7/7/2014 39 39 45 0% B

ni Port 5/7/2014 280 186 347 -34% Accum

d-Tek Packaging 04/04/2016 138 165 179 20% B

nderla Holidays 25/04/2016 387 379 498 -2% Accum

s not important whether you are right or wrong, It’s about how much money you make when you're right and h

ch you

lose

when

you're

wrong.”

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treet Short Term Call Status

294May,2016

DATE STOCK BUY/SELL

RANGE RANGE TRIGGER PRICE

TGT SL STATUS RE

23‐Mar‐16 BHEL BUY 115 118 116.50 120.00 112 SL

28‐Mar‐16 TATASTEEL BUY 314 320 317.00 328.00 304 TA

29‐Mar‐16 AXISBANK SELL 421 428 424.50 411.00 440 SL

30‐Mar‐16 CIPLA SELL 500 510 505.00 490.00 520 SL

31‐Mar‐16 BAJAJFINANCE BUY 6750 6860 6805.00 7120.00 6600 TA

4‐Apr‐16 HEROMO‐

TOCO BUY 2930 2990 2960.00 3140.00 2850 TA

5‐Apr‐16 ORIENTAL‐

BANK SELL 94 97 95.50 90.00 100 TA

6‐Apr‐16 SBIN SELL 182 186 184.00 174.00 191 SL

7‐Apr‐16 UNIONBANK SELL 126 129 127.50 120.00 133 SL

8‐Apr‐16 LT SELL 1176 1198 1187.00 1132.00 1230 SL

11‐Apr

‐16

TCS

SELL

2415

2463

2439.00

2375.00

2520

SL

12‐Apr‐16 MOTHERSUMI BUY 250 255 252.50 260.00 244 TA

13‐Apr‐16 ASHOKLEY BUY 110 113 111.50 115.00 107 SL

18‐Apr‐16 DHFL BUY 200 205 202.50 210.00 194 TA

20‐Apr‐16 SRTTRANSFIN BUY 990 1010 1035.00 1055.00 960 SL

21‐Apr‐16 HINDUNILVR BUY 894 914 904.00 935.00 860 SL

22‐Apr

‐16

ICICIBANK

BUY

251

255

253.00

261.00

243

SL

25‐Apr‐16 ASHOKLEY BUY 103 106 104.50 111.00 100 SL

26‐Apr‐16 CEATLTD BUY 1130 1150 1035.00 1195.00 1100 SL

27‐Apr‐16 YESBANK BUY 902 922 912.00 960.00 875 TA

28‐Apr‐16 RCOM BUY 59 61 60.00 66.00 56 SL

2‐May‐16 AXISBANK BUY 471 479 475.00 495.00 455 SL

3‐May‐16 COLPAL BUY 843 859 851.00 878.00 825 SL


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treet Short Term Call Status

294May,2016

DATE STOCK BUY/SELL

RANGE TRIGGER PRICE

TGT SL STATUS CMP RE

4‐May‐16 BANKINDIA SELL 86 89 87.50 84.00 92 TA

5‐May‐16 PETRONET BUY 275 281 278.00 288.00 266 TA

6‐May‐16 UPL BUY 590 600 595.00 615.00 573 OPEN

9‐May‐16 SRTRANSFIN BUY 1040 1060 1050.00 1085 1005 OPEN

10‐May

‐16

HDFC

BUY

1195

1220

1207.50

1245

1165

OPEN

11‐May‐16 JUSTDIAL SELL 700 720 710.00 675.00 750 OPEN

12‐May‐16 MCDOWELL BUY 2670 2730 2700.00 2800.00 2600 OPEN

13‐May‐16 AJANTA‐

PHARMA SELL 1515 1545 1530.00 1475.00 1560 OPEN

STAUTS

CALLS

RATIO

TA+PB 15 48.39

SL+EXIT 16 51.61

TOTAL 31 100

One call on daily basis is given keeping view of short term trading on closing basis.Time frame and expected % of return is also mentioned with the suggested call.

This call are purely given on technical trading system generated by the Technical Research Desk.Generally Expected Return on investment is 5-6 % with time horizon of 6-7 days.Profit Booking update is considered if on an average expected return exceed 3.50-4.00 % against Expected return of 5-6%Risk- Reward ratio percentage wise depends on the volatility of stock Normally it stands ( 3 : 9)


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Documents

J Street Volume 294