Why are foreigners leaving from COMB

stocks hunter · 1 Why are foreigners leaving from COMB Sat May 11, 2013 7:33 am

stocks hunter

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Daily , weekly, monthly,annually we can see a net foreign out flow from Sri lanka's premier bank COMB for the past one year or so.

Why is that? Any negative reason their?

Last edited by stocks hunter on Sat May 11, 2013 7:39 am; edited 2 times in total (Reason for editing : add value)

anu · 2 Re: Why are foreigners leaving from COMB Sat May 11, 2013 7:36 am

anu

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Nope. Profit booking. The same way foreign funds also enter.

kalum · 3 Re: Why are foreigners leaving from COMB Sat May 11, 2013 8:52 am

kalum

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anu wrote:Nope. Profit booking. The same way foreign funds also enter.

Agreed. This is a high foreign interested counter. time to time we can see profit takings happens. May be they thought it times to take some profit due to new rates, anyway there's nothing to fear about it. Smile

Slstock · 4 Re: Why are foreigners leaving from COMB Sat May 11, 2013 9:58 am

Slstock

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Did you notice how much collection was done at Rs 100.

17% profit maybe good for them. Who knows if market shows sign of furhter uptrend, they migth even buy back/.

worthiness · 5 Re: Why are foreigners leaving from COMB Sat May 11, 2013 11:43 am

worthiness

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COMB & NDB movement is slowing down due to profit earning from both local & foreigners. This trend can be expected in coming few days too. With the steady upward market trend these two counters should move up. Anyone got COMB valuation with the latest results? NDB is around Rs.200 level. But this factor has been overlooked many counters concerned in the past few weeks.

Redbulls · 6 Re: Why are foreigners leaving from COMB Sat May 11, 2013 12:00 pm

Redbulls

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May be stratergic investment policy of foreign funds.
Like COMB,JKH,HNB counters off loading is not that much easy in short term.
If they smell something about devaluation of rupees then we can see more to follow. (Just my thought)

salt · 7 Re: Why are foreigners leaving from COMB Sat May 11, 2013 2:35 pm

salt

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Redbulls,
Theoretically your argument is correct.
But, look at this way.

In overall, we have seen largest foreign inflows during the last year & it continues
We have seen massive investments in treasuries (local currency)
So, it is difficult to believe that foreigners fear of devaluation though I myself highly suspects the sustainability of soft peg

Redbulls · 8 Re: Why are foreigners leaving from COMB Sat May 11, 2013 2:46 pm

Redbulls

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salt wrote:Redbulls,
Theoretically your argument is correct.
But, look at this way.

In overall, we have seen largest foreign inflows during the last year & it continues
We have seen massive investments in treasuries (local currency)
So, it is difficult to believe that foreigners fear of devaluation though I myself highly suspects the sustainability of soft peg

If we know the root of the most foreign investment after 2010, some times you know why CB played games.
I do not want to go further, then this topic may be dragged some where like in the past.

Leon · 9 Re: Why are foreigners leaving from COMB Sat May 11, 2013 11:08 pm

Leon

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Last Friday my adviser (CT) told me that fresh money are on the way for COMB. It's like some foreigners want to book profit and others willing to enter.