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FINANCIAL CHRONICLE
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FINANCIAL CHRONICLE™
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
The continued dip in lending rates lowering finance costs, appreciating LKR reducing import costs, an expected rise in disposable income with the recently passed ~40% hike in minimum wage limit in SL along with a gradual upbeat SL’s economic sentiment to create further opportunity for Healthcare and Pharma related counters to see a boost in earnings as they cater to essential consumer needs.
CIC X: BUY with a Fair Value of LKR 74(+40% price upside)
*15 to 31 of August always being profit taking, correction time. *Last really driven by banks and finance ,most of them appreciated 40-50% so profit taking is normal. *But still most of the bank,finance counters are trading at 40-50 discounted prices to PBV. *And September is a good month for bull and banks and finance can start to run again. *And third quarter results for banks and finance will be better than last and falling interest rates, Rising remittance and winter tourist ALL GOOD NEWS for CSE.
“What we see is that this is the worst man-made disaster to the agriculture sector since gaining independence in 1948.”
As a result of an ill-advised ban on chemical fertilisers and pesticides, a foreign exchange crisis, and now an islandwide fuel shortage, Sri Lankans should be bracing themselves for a food shortage towards the end of this year.
Professor Buddhi Marambe of the Faculty of Agriculture at the University...
Minister of Investment Promotion Dhammika Perera has extended his support to the People’s Struggle and called for the immediate resignation of Finance Minister (PM) Ranil Wickremesinghe.
‘Sri Lanka’s Finance Minister has planned for disaster,’ he told gathering in Colombo adding that the Finance Minister has no plan to resolve the current dollar crisis.
He said that all of Sri Lanka’s economic challenges...
KHL break its biggest resistance at 12.30 - 12.50. Now KHL trading 5% above the resistance level. Watch out hotel sector shares. With the tourism reopen, rupee devaluation, vaccination success and possible debt relieves on the sector by new CB governor , it is possible to have a momentum on this sector
Day Traders must gradually start accumulating a well diversified portfolio of stocks which are cash generative. Stock market for beginners The thing about your earnings is that they aren’t really profits until you take them.Don’t Be Afraid to Take Partial or All Profits. Understand...
The market is trending downward and none of the signs point to a recovery. The greedy, and the ignorant will be left holding the baby. Stock market for beginners We all are desperate when market starts falling. Nobody has a magic crystal ball that shows the market trend or a clear cut answer, what next trend is like.The larger your account, the more difficult it becomes. Discovering what strategy that works takes time and...