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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
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20230111  - LOLC group lacklustre performance clearly reflects the negative Earnings per share (EPS/ttm) of its group companies despite efforts to restructure. - LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group. - LOLC Financial sector performance is likely to have significant impact on the banking sector of Sri Lanka  by DeepFreakingValue - Comments: 2 - Views: 1331 |
20230118  The Sri Lanka Rupee (LKR) has depreciated against the USD by 47.69% since Jan 2022, which is why #LKR takes the 4th place in this week's #CurrencyWatchlist. LKR is the 4th junk currency in the world. @CBSL by DeepFreakingValue - Comments: 0 - Views: 551 |
20230116  How Greece was able pay off its 260 billion Euro debt * Three stage financial assistance from the EU, European Central Bank and International Monetary Fund known as the troika. * Three successive bailout totalling some 260bn Euros between 2010 and 2018 prevented free from going bankrupt and exiting from the shared euro currency. * Entire Timeline on the Debt Crisis of Greece - by God Father - Comments: 0 - Views: 1070 |
20230113  Forecast Government Revenue from the Colombo Stock Exchange in 2023. What can investors expect in return? CSE & CDS & SEC Earns: LKR 1.17bn, Government Earns: LKR 3.12bn whilst all Stock Brokering companies expected to earn only LKR 2.03bn. by God Father - Comments: 0 - Views: 546 |
20230112  Standard Chartered - Global Research (10th January 2023) • We think debt restructuring could be pushed back to end-2023 due to delays in the IMF programme • Economy is likely to contract in 2023; external sector has improved due to import contraction • Financial-sector liquidity and solvency risks are building with looming domestic debt restructuring • We refresh our recovery model; we now see fair value between 22 and 33 at exit yields... by CHRONICLE™ - Comments: 0 - Views: 520 |
20230105  - All retail investors are disgusted and disappointed by LOLC group's methodology to hoodwink the minority shareholders through the purported amalgamation of NIFL and LOFC. - Investors are likely to lodge a complain to the SEC, CSE and Central Bank regarding the manner in which LOFC & NIFL amalgamation is valued. - LOLC group to-date has not declared any dividends to its shareholders but continue to inflate its earnings and share price through unknown foreign investments... by DeepFreakingValue - Comments: 8 - Views: 2730 |
20230109  by God Father - Comments: 1 - Views: 689 |
20230107  The triangular relationship between researchers, stockbrokers and investors which causes stock market tension resulting in a positive or negative movement the share prices. What is the role of a stockbroker? Stockbrokers are individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission. Institutional stockbrokers work with fund managers and other... by DeepFreakingValue - Comments: 0 - Views: 498 |
20230102  - JKH is a fully Diversified Group but Expolanka is mainly in shipping business which is more service related. - Tourism business is expected to recover and boom in next 3 years but freight/transport cost which reached its peak due to pandemic continue to fall. - JKH's Asset base is far greater than Expo due to nature of business which result in lower ROI and ROA. - JKH share trades at a greater discount to its Book Value (BV) as against Expo. - Foreign investors are interested... by DeepFreakingValue - Comments: 3 - Views: 924 |
20230102  - EXPO expected to be delisted upon purchase of shares by majority shareholders SG Holdings. - LOFC and NIFL to be amalgamated as per CBSL guidelines by end January 2023. - SLTL to be privatised by the GOSL as per the recent announcement in order to raise foreign funds to overcome current economic crisis. - NIFL remains the most overvalued whilst JKH is the most under valued company among the top 10 capitalized companies. - DIAL, LIOC and CTC majority shares continued... by DeepFreakingValue - Comments: 0 - Views: 668 |
20221230  The Insurance sector is dominated by six companies in terms of total assets of the sector. Out of twenty-seven insurance companies in the sector, six companies contributed to 76.7 per cent of the total assets of the sector at end June 2022. In addition, 71.1 per cent of the market share based on total assets was dominated by the long term insurance sub sector at end June 2022. High concentration in terms of institution poses additional risks as any vulnerability in a large company could significantly... by God Father - Comments: 0 - Views: 591 |
20221229  In May, Sri Lanka defaulted on its overseas debt. Amid political upheaval and human suffering, the Indian Ocean island is still awaiting a $2.9 billion rescue by the International Monetary Fund. Lacking resources to buy even essentials... by CHRONICLE™ - Comments: 0 - Views: 561 |
20221214 by DeepFreakingValue - Comments: 1 - Views: 3126 |
20221228  - Colombo Stock Exchange (CSE) Market Capitalisation declined more than 30% (LKR terms) and 61% (USD terms) during 2022. - In Dec 2021, market cap stood at LKR. 5,489 bn (USD 27.5bn) whilst current market cap is LKR 3,888 bn (USD 10.7bn). - During the same period LKR depreciated from LKR 200/= to current LKR 365/= against the USD Exchange Rate. - Sri Lanka's stock market capitalisation in Dec 2022 as a% to Gross Domestic Product (GDP) was 14.86% compared to 10 year high... by DeepFreakingValue - Comments: 1 - Views: 896 |
20221013  For decades, the International Monetary Fund has been the scourge of countries that get into economic trouble, yet its authority has never been seriously challenged. Today, this is especially dangerous. The deadly combination of inflation and food shortages is putting numerous nations on the brink of disaster. A few, most notably Sri Lanka, are already in chaos. All too many countries are particularly vulnerable because they loaded themselves with debt during the easy-money years following... by CHRONICLE™ - Comments: 4 - Views: 1145 |
20221031  Domestic Debt Restructuring DDR in Sri Lanka is complicated by the large holdings of rupee debt by financial institutions such as banks. As Sri Lanka’s banks are heavily dependent on income from coupon payments on rupee bonds (around 36% of their income arises from government securities, and this income is used to pay the interest on deposits and savings of the public), it would not be advisable to implement a reduction in the coupons. Consequent to a DDR that extends... by DeepFreakingValue - Comments: 4 - Views: 1808 |
20221224  by CHRONICLE™ - Comments: 0 - Views: 322 |
20221223  Hunas Holdings PLC (HUNA.N0000) is one of the most overvalued stocks in the Colombo Stock Market. Beware and study the latest financial statements and valuation of the company before investing. - Net Asset Value per share (NAVPS) is LKR 5.33 and Market Price (MP) was LKR 30/= per share. - Total Assets of the group is around LKR 7.2bn whilst the market capitlization exceeds LK 25bn. - Trading at around 6X times of the Book Value (BV). - Loss per share... by God Father - Comments: 0 - Views: 662 |
20221221  Register with FINANCIAL CHRONICLE and download independent equity research reports, analysis and evaluation on companies listed on the Colombo Stock Market prepared by the Pros Pro.Visit Page: https://www.srilankachronicle.com/portal?pid=1 by CHRONICLE™ - Comments: 1 - Views: 560 |
20221220 DIALOG Vs SRI LANKA TELECOM - Comparative Analysis  SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant https://www.srilankachronicle.com/t62817-sri-lanka-telecom-sltl-n0000-reawakening-the-giant by God Father - Comments: 1 - Views: 701 |
20221218 Softlogic Group in a serious danger of collapse  - Softlogic Holdings (SHL) - Trading suspended by CSE - Softlogic Finance (CRL) - Serious capital adequacy issues with CBSL - Softlogic Capital (SCAP) - Invest LKR 1.2bn in commercial paper of SHL - Softlogic Life Insurance (AAIC) - Suffering due to inefficent management of funds - Odel (ODEL) - Losses due to import restrictions by Quibit - Comments: 6 - Views: 37705 |
20221213 After 8 years, the price of a JKH share has plunged by a staggering 71%. By end-2014, the market sentiment was such that investors were prepared to pay USD 1.40 per JKH share at that time. Today, investors are only prepared to pay USD 0.41 per share. John Keells Holdings PLC (JKH.N000) share prices in comparison with the USD/LKR exchange rate fluctuation.  by DeepFreakingValue - Comments: 0 - Views: 1585 |
20221208  - Softlogic Holdings PLC (SHL) stock market trading suspended by the CSE due to non submission of accounts. - SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022. - Net Change in the Fair Value of derivative financial instruments exceeds LKR 2bn - Import restrictions continue to affect retail segment of SHL. - Total SHL Group Liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities. - Shareholders funds declined more... by DeepFreakingValue - Comments: 0 - Views: 21370 |
20221022  SOFTLOGIC DILEMMA - Retained Losses exceeds LKR 3.2bn with LKR 332mn loss in FY 2022 - Depositors liabilities exceeds LKR 17bn. - Cash/Near Cash liquid assets of less than LKR 800mn. - Decline of lease and loans receivables portfolio up to 10% - Rights issue to raise LKR 850mn from existing shareholders in a depressed stock market conditions. - Majority shares are held... by DeepFreakingValue - Comments: 2 - Views: 2463 |
20221203  *Exchange Rate Fixed and maintained by Governor Cabraal: USD=LKR 202/= *Exchange Rate Fixed and maintained by Governor Nandalal: USD=LKR 363/= *Exchange Rate at the time of Debt Default: USD=LKR 327/= *Current USD/LKR Exchange Rate is LKR 367/= *Exchange Rate to be Fixed by IMF: Unknown https://invst.ly/zqha9 Historical Event/Movement - On 5th of April... by DeepFreakingValue - Comments: 0 - Views: 655 |
20221119  Billionaire Subaskaran Allirajah owned Serendib Engineering Group PLC (IDL.N0000) and Dato Vijaya Eshwaran owned Asia Capital PLC (ACAP.N000) faces serious loss of capital and potential insolvency in Sri Lanka as per the latest quarterly results for the 30th September 2022 released by the respective companies. Subaskaran Allirajah Subaskaran Allirajah is a British-Sri Lankan Tamil entrepreneur. He is the founder and chairman of Lycamobile, a telecommunications... by God Father - Comments: 1 - Views: 1366 |
20221110 by CHRONICLE™ - Comments: 0 - Views: 593 |
20221103  https://www.theedgemarkets.com/article/glove-makers-advance-covid-lockdowns-expected-worsen-china KUALA LUMPUR (Oct 31): Shares in glove makers advanced in the mid-morning on Monday (Oct 31) against the backdrop of China intesifying lockdowns in several cities on resurging coronavirus... by ResearchMan - Comments: 2 - Views: 655 |
20221029 Shipping Rates are on the decline Simply remarkable: shipping rate for 40-ft container from Shanghai to Los Angeles has slipped below long-term average (going back to 2011, full series), putting to bed notion that shipping rates are still elevated relative to entire pre-pandemic era  Latest Valuation/Earnings Update  by ChooBoy - Comments: 2 - Views: 988 |
20221025 
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20221022 NCPI based headline inflation recorded rise to 73.7% on year-on-year basis in September 2022. Future direction of the Non food Sector inflation is a cause for concern. Seasonal demand for clothing, housing and recreation are likely to cause further increase in non food sector inflation causing overall rise of inflation in the next quarter.   by DeepFreakingValue - Comments: 1 - Views: 404 |
20221021 by ErangaDS - Comments: 1 - Views: 647 |
20221004 Enlarge this imageClick to see fullsize  - OPEC + to reduce crude oil supply to record level since covid 19 Pandemic. - Banking Crisis re Credit Suisse/Deutsche Bank - LIOC dropped because of reduction in fuel prices and government limit on new petrol stations which affect their future earnings. - EXPO dropped because it is simply... by DeepFreakingValue - Comments: 22 - Views: 3043 |
20221020 Declining earnings expectations drives Lanka IOC (LIOC) share price below LKR 200/=. LIOC forecast earnings based on the movement of Crude Oil Prices and historical GP Margin shows a lower earnings for the September quarter.  Share price Movement https://www.marketscreener.com/quote/stock/LANKA-IOC-PLC-6499194/charts/ by DeepFreakingValue - Comments: 0 - Views: 568 |
20221019  The proposed amendments to the Inland Revenue Act No. 24 of 2017 will seek to end the three-year concessionary taxation rate granted to 14 companies listed on the Colombo Stock Exchange (CSE) in 2021. - Concessions originally promised for three years after IPO - Concessionary rate 14%, new rate 30% - Changes to be effected through Inland Revenue Act Speaking at a webinar held yesterday (18) by the Ceylon Chamber of Commerce (CCC), he said that... by DeepFreakingValue - Comments: 0 - Views: 370 |
20221018  Banks are susceptible to a range of risks. These include credit risk (loans and others assets turn bad and ceasing to perform), liquidity risk (withdrawals exceed the available funds), and interest rate risk (rising interest rates reduce the value of bonds held by the bank, and force the bank to pay relatively more on its deposits than it receives on its loans). Banking problems can often be traced to a decrease the value of banks’ assets. An deterioration in asset values can... by ChooBoy - Comments: 0 - Views: 602 |
20221017 by CHRONICLE™ - Comments: 0 - Views: 388 |
20221009  The Sri Lankan Government will impose a tax on companies in the export sector of up to 30% from 1 November onwards, as part of the staff-level agreement reached with the International Monetary Fund (IMF), revealed the Committee on Public Finance (COPF). Accordingly, the Government is set to introduce new tax reforms under the Inland Revenue Act, which will tax export-sector companies between 0% and 30%, increasing the current tax rates of 14% on businesses exporting goods and services... by ChooBoy - Comments: 1 - Views: 694 |
20221008 The Minister of Finance recently presented budget proposals for the remaining months of 2022 that include tax measures.  Find below the latest Tax proposals that will have significant impact on future corporate profitability and stock valuations in 2022/23 Regarding direct taxes, the budget proposes: - An increase in the standard corporate income tax rate to 30% (from 24%)—effective 1 October... by CHRONICLE™ - Comments: 0 - Views: 401 |
20221006  In the months leading up to Sri Lanka’s presidential election in November 2019, leading candidate Gotabaya Rajapaksa spoke about the need for leaders to implement policies without arguing about the law. It was important simply for politicians to understand national needs and to address them through national policies. He was speaking before a gathering of the Viyath Maga, an association of professionals from various walks of life who had pledged... by CHRONICLE™ - Comments: 0 - Views: 356 |
20221006 
by DeepFreakingValue - Comments: 0 - Views: 419 |
20221005  A global inflation crisis is plaguing the world, triggered by the war in Ukraine, the threat of energy shortage in Europe, supply-chain... by CHRONICLE™ - Comments: 0 - Views: 659 |
20220923  During an event held in Colombo on Saturday to celebrate 20 years of Lanka IOC operations, Power & Energy Minister Kanchana Wijesekera said the government has invited the Company to set by samaritan - Comments: 0 - Views: 440 |
20220923  [size=20]India is on course to become the world’s third-largest economy after the U.S. and China by 2030 on rapid population growth and healthy manufacturing sectors, says a report. As per the updated estimates of the International Monetary Fund (IMF), India has overtaken the U.K. to become the world’s fifth largest economy at market exchange... by samaritan - Comments: 0 - Views: 401 |
20220916  The new legislation opening up the casino industry to new entrants as exclusively reported by the Daily FT yesterday boosted investor sentiment on top blue chip John Keells Holdings (JKH) and Group companies. JKH ended with a gain of 8.6% or Rs. 12 to Rs. 151 while John Keels Hotels (+8.2%) and Asian Hotel Properties... by samaritan - Comments: 1 - Views: 674 |
20220907 by ResearchMan - Comments: 0 - Views: 333 |
20220907  Environment Minister Naseer Ahamed initiates talks Special Envoy of President Ranil Wickremesinghe to the Kingdom of Saudi Arabia (KSA), Environment Minister Naseer Ahamed has entered into discussions with the Saudi government, seeking Riyadh’s collaboration with Colombo, for a five-year credit line of US $ 6 billion per annum for the supply... by samaritan - Comments: 0 - Views: 490 |
20220831 Sri Lanka remains a lower-middle-income country; GDP per capita is below the average for emerging Asian countries. Measures of the business climate, growth and creditworthiness are also below the regional average. Public debt and balance of payments problems, political risks, security and geopolitical issues and environmental risks all... by CHRONICLE™ - Comments: 0 - Views: 658 |
20220822  Download Link: https://www.mediafire.com/file/xirdpvkhoxmfsoo/Hotel_Sector_Analysis.2022.pdf/file The highly diversified landscapes and natural attractions in Sri Lanka have been welcoming a growing number of visitors to the country. The total tourist arrivals to Sri Lanka in 2018, amounted to more than 2.3 million, which welcomed 2.17 million in 2017. The... by CHRONICLE™ - Comments: 4 - Views: 1275 |
20220829  Download Link: https://www.asiacapitalpartners.lk/analysis According to the findings of a newly-appointed economic advisory council, the government hopes to collect $8 billion by leasing or selling significant public assets to supplement fast diminishing foreign reserves. The long-term leases of Katunayake International Airport for $2 billion, Mattala Airport for $300 million,... by CHRONICLE™ - Comments: 2 - Views: 834 |
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