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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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20241007 Indexed Price Movement in Brent Co., WTI Co., and CEYPETCO Price Revisions Since Hamas' Attack on Israel in October 2023  Price Movement in Brent Co., WTI Co., and CEYPETCO Price Revisions Since Hamas' Attack on Israel in October 2023 Explore how the recent geopolitical events, including the Hamas attack on Israel and the Iranian missile strike, have not only impacted oil prices in Sri Lanka but have also reverberated throughout the global market. Discover the movements in WTI and Brent crude oil prices, the subsequent effects on local fuel costs, and the broader implications for the... by pramu perera - Comments: 0 - Views: 235 |
20230716  Japanese funded Light Rail Transport (LRT) from Colombo to Malabe (15km) Cost US$ 1.9bn compared to recently approved IMF facility of US$2.9bn. LRT cost is equivalent to almost 3 Southern expressways. Instead just serving minor section of the community, Government of Sri Lanka should utilise funds to expands current road network covering entire Sri Lanka by connecting the current expressways and creating new townships which will contribute more significantly to the future growth of... by God Father - Comments: 3 - Views: 1380 |
20240925  The Extraordinary Gazette notification issued by President Anura Kumara Dissanayake dissolving the Parliament of Sri Lanka effective from midnight today (24), has been published by the Department of Government Printing. The proclamation dissolves Parliament with effect from midnight today and summons the new Parliament to meet on the November 21, 2024. It has also fixed November 14, 2024 as the date for the election of the new Members of Parliament. Election Uncertainty... by God Father - Comments: 0 - Views: 494 |
20240922  Based on several accusations and criticisms against Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, which could form the basis for calls for his resignation. These are summarized as follows: Premeditated Debt Default: It is alleged that Nandalal Weerasinghe orchestrated Sri Lanka’s unprecedented debt default in April 2022 without parliamentary approval. This decision, seen as aligned with IMF strategies, severely impacted Sri Lanka’s... by God Father - Comments: 5 - Views: 1710 |
20240902  The image depicts a stock market chart for the Colombo Stock Exchange (CSE) All-Share Index in Sri Lanka, illustrating the market's performance over time and highlighting key political events such as the two-year mark since the "Aragalaya" protests, the election announcement, and the upcoming presidential elections. The chart also visually represents a period of political uncertainty, influencing market trends. Analysis of Stock Market Prediction: Recent... by DeepFreakingValue - Comments: 4 - Views: 1546 |
20240904  by rukshan1234 - Comments: 11 - Views: 963 |
20240709  Elections play a crucial role in shaping investor sentiment in stock markets, including the Colombo Stock Exchange (CSE). Here are some ways elections are expected to affect market sentiment: Download Full Report on Stock Market Outlook for 2024, which highlights the key factors that determines the direction of the market in 2024. Key Content: Analysis of the Colombo Stock Market – Fundamental Analysis – Technical Analysis... by Quibit - Comments: 7 - Views: 2398 |
20240807  The ongoing economic and financial crisis in Bangladesh poses significant challenges and opportunities for Commercial Bank PLC (COMB.N0000). This analysis will explore the bank’s exposure and dependency on the Bangladesh market, as well as the broader implications of the crisis on its future profitability. 1. Political Crisis in Bangladesh Bangladesh is currently facing a significant political crisis, primarily characterized by increasing tensions between... by Quibit - Comments: 1 - Views: 1350 |
20231225  According to latest trend analysis, Colombo Stock Market All Share Price Index (ASPI) expected to trade between ASPI 10600-9400 during 2024. Key Events - 2024 (1) Annual Reports/3Q Results (Feb/March/April) (2) IMF 2nd Review/4Q Results (May/June) (3) 1Q Results (July/August) (4) 2Q Results (October/November) (5) Elections (November/December) Sri Lanka's cabinet approved a hike in Value Added Tax (VAT) up to 18% from the current 15% with effect... by God Father - Comments: 12 - Views: 2673 |
20240907  LTL Holdings Limited, set to go public with an IPO in September 2024, faces significant downside risks despite its ambitious expansion plans. The company's overreliance on thermal power generation and delayed projects may spell trouble in an increasingly competitive energy market. In contrast, its peer WindForce PLC, a leading player in renewable energy, showcases better growth potential due to its forward-looking investments in renewable resources. LTL's heavy exposure to fuel cost volatility... by DeepFreakingValue - Comments: 4 - Views: 840 |
20240906  Serious Legal Issues relating to the Proposed Initial Public Offering (IPO). - Plaintiff had sought enjoining order to prevent the IPO - Seek 2% of Shares from Jeffrey Zulfer - CSE and SEC unaware of Legal Action - Investors Standstill "An action dated the 7th of August 2024 has been instituted in the High Court (Civil) of the Western Province Holden in Colombo, bearing case No. HC (Civil) 61/2024, by a former employee of... by Quibit - Comments: 2 - Views: 918 |
20240904  Current market downfall is not madness but the adjustment that was long overdue. Market was pumped up after debt restructuring by opportunists without any clear economic recovery. Sri Lanka is yet to pay a single dollar to its lenders and bondholders. Top corporate performance are falling as reported in 1Q2024/25 due to lower demand for their goods and services. 2Q performances are also expected fall further due to economic mismanagement and political interplay. Many concessions (salary increases... by God Father - Comments: 2 - Views: 854 |
20240820  Overall, Hatton National Bank (HNB) emerges as the best performer, followed closely by Seylan Bank and Commercial Bank, with Nations Trust Bank (NTB) and Sampath Bank also showing strong performances. DFCC Bank and NDB Bank demonstrate solid profitability but have room for improvement compared to the top-performing banks.
by Quibit - Comments: 0 - Views: 1110 |
20240802  Share Price of John Keells Holding PLC (JKH.N000) after the proposed Rights Issue and Subdivision of Shares expected to be around LKR 17/= per share according theoretical (Ex Rights. Ex Sub-division) calculation. Download the full report. Download Report: https://lankabizz.net/product/john-keells-holdings-plc-undefined-future/ Current Market Status... by ChooBoy - Comments: 2 - Views: 1542 |
20240729  Ceylon Cold Stores PLC (CCS.N0000) showed a robust performance for the three months ended 30th June 2024, with notable improvements across key financial metrics. Revenue and gross profit both saw significant increases, driven by higher sales volumes and effective cost management. Operating profit also rose markedly due to better control of expenses and higher other operating income. The company managed to reduce its net finance costs, contributing to a substantial rise in profit before tax and... by DeepFreakingValue - Comments: 0 - Views: 1149 |
20240727  Comparative Analysis of Wire & Cable Sector Companies listed on the Colombo Stock Exchange for year ended 31st March 2024. ACL Cables PLC ACL Cables PLC (ACL.N0000) experienced a challenging year, marked by a decline in revenue and profitability. The company’s gross and operating profits saw significant reductions due to increased costs and expenses, which impacted overall margins. Despite these challenges, the company maintained a strong liquidity position... by God Father - Comments: 0 - Views: 5052 |
20240713  Highlights and Observations • Hatton National Bank: Strong performance with the highest EPS and NAV, indicating robust profitability and a solid equity base. • Commercial Bank: Exceptional growth in NII and net profit, showcasing effective interest rate management and operational efficiency. • Nations Trust Bank: Leading in ROE and ROA, reflecting high profitability and efficient asset utilization. Trading at lowest PERx (FY 2023) among peers by God Father - Comments: 1 - Views: 1386 |
20240114  Sri Lanka is in debt crisis and people are suffering without basic needs. Japan the so called debt mediator trying to extort $1.5bn reserves from Sri Lanka over LRT contract. Is this the Japanese gratitude to Sri Lanka for protecting Japan from the divisional conquer by the allied nations in 1954? Sri Lanka declared bankruptcy in April 2022. As of September 2023, it had $35.1bn in foreign debt, of which 19 percent was owed to China, 7 percent to Japan, and 5 percent to India, according... by God Father - Comments: 3 - Views: 1748 |
20240722  Financial Performance Concerns 1. Improper Valuation 2. Revenue Growth and Sustainability Issues 3. Profit Margins and Cost Management Issues 4. Debt Levels and Financial Stability Issues 5. Liquidity and Cash Flow Issues Download Full report: https://lankabizz.net/product/maharaja-foods/ * The company’s liquidity position, with a current ratio of 0.8x and a quick... by ChooBoy - Comments: 0 - Views: 1085 |
20240630  Winds of Change: Sri Lanka's Banking Crisis is Stalling Renewable Energy Ambitions of Local Stalwarts of Wind & Solar PowerSri Lanka's ambitious leap towards renewable energy is caught in a storm. With the country's banking system grappling with a severe liquidity crunch and foreign exchange shortages, the road to sustainable energy is fraught with hurdles. This crisis is...by MalakaDesmond - Comments: 1 - Views: 6407 |
20240704  COLOMBO, Sri Lanka - July 3, 2024 - PRLog -- LankaBIZ, a subsidiary of Chat2Find, has launched a groundbreaking AI-powered On-Demand Financial Research and Analysis service. This innovative platform offers investors exclusive insights into Sri Lankan companies, sectors, and the broader economy, ensuring timely and accurate financial information. Comprehensive Research Offerings: LankaBIZ provides a wide range of services, including: - Equity Research - Industry/Sector... by Quibit - Comments: 0 - Views: 1070 |
20240615  The proposed tax reforms by the IMF, aimed at improving revenue mobilization and fiscal sustainability in Sri Lanka, come with several potential negative impacts: 1. Increased Tax Burden on Middle and Lower-Income Households The introduction of an imputed rental income tax on owner-occupied and vacant residential properties could disproportionately affect middle-income households who own property but may not have sufficient liquidity to cover additional tax liabilities.... by God Father - Comments: 1 - Views: 1098 |
20240514  Accumulated Net Profits of LKR 189mn turns to a loss of LKR 625mn by the year end in a startling financial misrepresentation by Arpico Insurance PLC , listed insurance company, controlled by ill reputed Dr Sena Yaddehige through Richard Pieris & company despite stringent regulations of the Colombo Stock Exchange (CSE) and Insurance board of Sri Lanka (IBSL). QUARTERLY DISCLOSURES Vs YEAR END RESULTS As can be seen from the table below, there appears to be... by DeepFreakingValue - Comments: 1 - Views: 1568 |
20240615  The engagement of the International Monetary Fund (IMF) with Sri Lanka, especially under the Extended Fund Facility (EFF), has had significant negative repercussions on the country's economy. Despite the intention of restoring macroeconomic stability and debt sustainability, several adverse effects have emerged: Access the revised IMF report here: https://t.co/TBbGBPeRhL 1. Increased Debt Burden by God Father - Comments: 1 - Views: 892 |
20240617  Richard Pieris Finance Ltd Reports a Net Loss. The net loss for the 6 months period ending 30th September 2023 stood at Rs. 274mn which indicates a serious loss of capital endangering the deposit holders. Gross stage 3 loan ratio exceeded 43% whilst Tier-1 capital adequacy ratio was only 7.8% below the statutory requirement of 8.5%. Richard Pieris Finance Ltd capitalisation and leverage remain weak. Its regulatory Tier 1 capital ratio of 8.0%... by ddindika - Comments: 0 - Views: 803 |
20240615  Net Profit Decline: Net profit attributable to equity holders of the parent company dropped drastically by 93%, from Rs. 978,907,000 in 2023 to Rs. 64,050,000 in 2024. This steep decline highlights the severe impact on the bottom line and raises concerns about the company's overall financial... by God Father - Comments: 1 - Views: 786 |
20240614  Why depend on Third party Research Reports? Now you can do your own research and analysis of the financial performance of listed companies in Sri Lanka by using AI Tools available with LankaBIZ. Simply upload the Annual report or any other PDF document to PDF Chat and get instant answers to your research queries. Chat with PDF https://lankabizz.net/analyse-financial-documents/ by Quibit - Comments: 0 - Views: 800 |
20240507  Colombo Stock market ASPI has appreciated 77% whereas LKR yet remain depreciated more than 48% against USD since April 2022. This indicate the stock market over valuation and imminent need for correction ASPI – 77% gain since April 2022 Colombo Stock Market has currently gained more than 77% ROI since April 2022. during which Sri Lanka declared bankruptcy and... by God Father - Comments: 4 - Views: 1632 |
20240601  Comprehensive Analysis of the latest Financial Performance of Richard Pieris and all group companies. #srilanka Free Download Link: https://www.srilankachronicle.com/download?id=611 Overview of Financial Performance The financial performance of Richard Pieris... by DeepFreakingValue - Comments: 0 - Views: 958 |
20240531  Informants may receive an award (up to 15% of revenue collected) when tax is collected based on the information provided, as per the relevant tax laws. How can someone report tax evasion To report tax evasion, you can use the Tax Evasion Reporting Form available on the official website of the Inland Revenue Department. Here are the steps to follow: -Visit the Inland Revenue Department’s website at by God Father - Comments: 0 - Views: 616 |
20240510  Dr. Sena Yaddehige and S. Thinamany MC Fort 12639/19 Legal action was instituted in the Magistrates’ Court, Colombo Fort in 2019 against Dr. Sena Yaddehige and Mr. Subramanium Thinamany for the offence of Insider Dealing and Aiding and Abetting thereto in contravention of section 32 of the then Securities and Exchange Commission of Sri Lanka Act No.36 of 1987 as amended Section 102 of the Penal Code respectively pertaining to the trading in the shares... by God Father - Comments: 3 - Views: 1785 |
20240520  Get updated on Sri Lanka’s latest economic indicators and future outlook via Artificial Intelligence. Ask any question relating to economy of Sri Lanka and get instant answers based on latest information. www.lankabizz.net The latest economic outlook for Sri Lanka, as of May 2024, indicates a challenging economic environment. The country has been grappling with a severe economic crisis, characterized... by God Father - Comments: 0 - Views: 589 |
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: 5 - Views: 1601 |
20240425  Port City Colombo, a multi-service Special Economic Zone (SEZ) and a regional financial centre and business hub, has made significant progress in capturing key investments, as the project gears up for a tenacious drive to attract prospective land development and business set-up investors from the South Asian,... by samaritan - Comments: 0 - Views: 818 |
20240422  Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan - Comments: 0 - Views: 894 |
20240102  As per the agreement reached in January 2023, China Exim Bank agreed to give a 2 year extension for debt service due in 2022 and 2023 as an immediate contingency measure "based on Sri Lanka's request". As per this agreement, the Government would be required start repaying the debt due in 2022 and 2023, from 2024 onwards, or to seek further extension from China Exim Bank. This is likely to widen the external financing gap as per the IMF Programme Financing Plan for Sri Lanka and cause... by Quibit - Comments: 4 - Views: 1768 |
20240416  COLOMBO (News 1st); Sri Lanka’s ongoing debt restructuring process has encountered obstacles in negotiations with private bondholders, while progress continues with bilateral creditors. According to the Daily Mirror, Chief of Staff of the President, Sagala Ratnayake, revealed that discussions between the government and private bondholders have reached an impasse due to two unresolved issues. Both parties, guided by their respective consultants,... by God Father - Comments: 0 - Views: 542 |
20240411  Hypothetical future market trend based on reversing the Colombo Stock Exchange ASPI movements during GR/Covid19 (2019-2022) period in which Sri Lanka suffered from its worst economic crisis in its history resulting in debt default/bankruptcy #srilanka by DeepFreakingValue - Comments: 0 - Views: 704 |
20240409  LankaBIZZ helps you find answers and to be knowledgeable about the Stock Market Rules and Regulations through AI. Listing & Trading Rules, CDS & Clearing House Rules, Dispute resolution Rules. Ask many questions as you like. www.lankabizz.net Example Questions & Answers by ChatGPT - Comments: 0 - Views: 687 |
20240405  Based on the provided context information, here is a detailed analysis of the latest financial status and future outlook of Arpico Insurance PLC as of the end of December 2023: Latest Financial Status as of December 2023: - Net Assets Per Share: The unaudited net assets per share as of December 2023 stood at LKR 22.21, which is a decrease from the audited figure of LKR 31.20 in 2022. - Market Price Per Share: The market... by God Father - Comments: 1 - Views: 765 |
20240401  Cargills Bank PLC’s annual and interim financial statements for December 2023, we can analyze the bank’s latest profitability, financial status, and future growth prospects. Profitability: - Cargills Bank PLC reported its highest-ever operational profit of Rs. 1,135 million for the financial year 2023. - The bank’s Profit Before Tax (PBT) was Rs. 729.876 million, and Profit After Tax (PAT) was Rs. 440.020 million. - Despite the... by God Father - Comments: 0 - Views: 758 |
20240326  Comparative analysis and valuation of the key insurance companies listed on the Colombo Stock Exchange based on the latest corporate results released or estimated as of 31st Dec 2023. Below response is provided by LankaBIZ (GPT). Sri Lanka's First ever AI Assistant for Stock Market and Research. Click below link to ask questions about any listed company in Sri Lanka. www.lankabizz.net by God Father - Comments: 0 - Views: 489 |
20240326  Paying taxes is a legal requirement for individuals and businesses in most countries. Based on the context provided, which pertains to the Inland Revenue Department of Sri Lanka, here are some reasons why it is important to pay taxes: Legal Obligation: The Inland Revenue Act and its amendments, such as the Inland Revenue (Amendment) Act, No.04 of 2023, establish the legal framework that requires individuals and businesses to pay taxes. Failure to comply with these laws... by ChatGPT - Comments: 0 - Views: 524 |
20240324  First Capital Holdings PLC's current financial performance, as per the provided context, can be summarized as follows: - Profit After Tax: For the nine months ended 31 December 2023, First Capital Holdings PLC recorded a Profit after Tax of Rs. 9.4 billion, which is a significant increase from Rs. 1.7 billion in the corresponding period of the previous year. - Profit Before Tax: For the 3rd quarter of 2023/24, the Group reported a Profit... by God Father - Comments: 0 - Views: 598 |
20240324  Get free stock market information and advise through an Artificially Intelligent Business Assistant for the first time in Sri Lanka. LankaBIZ is designed to offer accurate answers to queries on Sri Lankan economy, regulations, and Industries. Ask as many business questions as you have, whenever you need. LankaBIZZ is here 24/7, offering comprehensive answers to all your queries. LankaBIZZ respond to your queries and provides detailed, easy understand answers. LLM is trained... by God Father - Comments: 0 - Views: 531 |
20240229  Colombo Stock Market ready for another down trend ahead of 31st March 2024 quarterly results which is expected to be adversely affected by the escalation of Value Added Tax (VAT) Rate to 18% with effect from 1st January 2024. In an attempt to raise government revenue, the VAT rate on applicable goods and services increased from 15% to 18% starting 01st January 2024. This amendment brought 97 previously VAT-exempt goods and services including, fuel, gas, telecommunication services,... by DeepFreakingValue - Comments: 3 - Views: 1580 |
20240313 
Sri Lanka, renowned... by samaritan - Comments: 0 - Views: 509 |
20230518  How many more companies will delist from the CSE and/or pull out of Sri Lanka after Sri Lanka Presidents statement to close down the Colombo Stock Market? - Nestle Lanka PLC to be delisted - Good Hope PLC. Indo Malay PLC, Selising and Shalimar PLC to be delisted - Who is next? CEYLON TOBACCO COMPANY PLC (CTC.N0000)? (CTC Latest Shareholdings given above) Sri Lanka's President warns of stock market closure if debt restructuring leads to crash by God Father - Comments: 3 - Views: 2909 |
20240301  - Increase in Non Performing Loans - Decrease in Banks Profitability - Lower lending due to high credit risk - Banks to face Liquidity/stability Issues - Loss of Investor Confidence Sri Lanka's banking sector is on the edge after being forced to follow the government's decision to suspend parate execution rights. This move, seen as caving to pressure from debt evaders' intense lobbying, is raising concerns about the sector's ability to support economic... by God Father - Comments: 0 - Views: 966 |
20240227  The Online Safety Act, No. 9 of 2024, as outlined in the provided context, includes several key aspects: Establishment of the Online Safety Commission: A Commission called the Online Safety Commission will be established, which will be a body corporate with perpetual succession and a common seal, capable of suing and being sued. The Commission will have various powers and functions, including issuing directives, notices, and obtaining police assistance... by God Father - Comments: 0 - Views: 381 |
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