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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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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: 281 |
20240422  Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan - Comments: 0 - Views: 223 |
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: 1258 |
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: 201 |
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: 271 |
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: 327 |
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: 515 |
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: 467 |
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: 327 |
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: 294 |
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: 416 |
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 to analyse and research... by God Father - Comments: 0 - Views: 290 |
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: 1403 |
20240313 
Sri Lanka, renowned... by samaritan - Comments: 0 - Views: 332 |
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: 2651 |
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: 758 |
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: 258 |
20240215  Artificial Intelligence (AI) Response Based on the information provided, here are some strategies that could potentially be used to defeat Ranil Wickramasinghe at the next presidential elections: 1. Build a strong opposition coalition: Bring together different political parties and factions that are opposed to Wickramasinghe's leadership. This will help consolidate support and present a united front against him. 2. Highlight economic issues:... by God Father - Comments: 3 - Views: 1023 |
20240222  The period between 2022 and 2024 for the Colombo Stock Exchange was characterized by resilience in the face of global and domestic challenges. While volatility was a significant factor, the market also showed signs of adaptability and potential for recovery. The performance of the CSE during these years underscores the importance of diversification, informed investment strategies, and the impact of external economic and geopolitical factors on emerging markets. Investors and stakeholders continue... by DeepFreakingValue - Comments: 1 - Views: 570 |
20240221  Richard Pieris Exports PLC one of the premier exporters of rubber products in Sri Lanka is facing serious loss of revenue and facing doubt about future survival due to following reasons. - Loss of Competitiveness due to non adaptability. - Internal financial mismanagment and lack of financing. - Falling Revenues due to depreciation of USD earnings World Rubber Prices on the decline by God Father - Comments: 0 - Views: 478 |
20240106  The Government of Sri Lanka is planning to lift the restriction on importation of motor vehicles shortly which was barred since 2020-23 during Covid 19 Pandemic followed by the economic crisis as a result of the foreign exchange shortage. Investment Advise to Car Owners Sri Lankan Rupee (LKR) has depreciated against the Japanese (JPY), India (INR) and Europe (EURO) during last 3 years representing the currencies of the largest exporters of used/new Motor vehicles... by DeepFreakingValue - Comments: 7 - Views: 1917 |
20231117  RED ALERT   Richard Pieris and Company PLC (RICH) Consolidated Net Earnings for the 1H 2023 decline by massive 87% (YoY) to LKR 760mn from LKR 6.07bn in 1H2022. Dismal Performance...by God Father - Comments: 4 - Views: 2125 |
20240109  Majority of Sri Lankan Initial Public Offerings (IPO) have failed due to over pricing by the Financial Advisors and as a result many small investors have lost billons of rupees to scrupulous promoters and company owners. Its hight time regulators take a close look at to check the reasonableness of valuations before approving IPO’s. by ChatGPT - Comments: 2 - Views: 1033 |
20240207  The banking sector’s stability in 2022 and 2023 can be summarized with the following points: 2022 Stability Overview: Despite challenges such as declining credit quality, liquidity pressures, low profitability, and deteriorating capital levels, the banking sector remained stable. The sector maintained growth and broadly complied with prudential requirements. Banks accounted for 61.9% of total financial sector assets at the... by God Father - Comments: 0 - Views: 446 |
20240204  Chat2Find AI released the upgraded version of AI assistant with responsive voice that uses the Artificial Intelligence to respond to chat queries. Users can now listen to their chat queries by simply activating voice capability to Chat2Find AI in addition to responsive text messages that provides latest information. (Without any limitation like most AI platforms including ChatGPT). Chat2Find AI chat was launched in May 2023. This new feature is expected to assist users of Chat2Find... by God Father - Comments: 0 - Views: 400 |
20240131  Jan 31, 2024, London Chat2find AI company engaged in conversation AI has released 3 key Artificially Intelligent (AI BOTS) services for Sri Lanka market specialised in taxation, law and business. LankaTAX - AI Tax Advisor LankaTax is an online Artificial Intelligent BOT provides tax advice to Sri Lankan taxpayers through artificial intelligence. It is designed to offer accurate answers to tax-related queries, backed by AI trained on extensive Sri Lanka... by God Father - Comments: 0 - Views: 347 |
20240121  All Sri Lanka Banking Sector Share Prices have crashed since September 2023 whilst Seylan Bank, DFCC Bank and Union Bank have lost more than 10% of its market capitalization. According to market analyst, Sri Lanka Banking Sector share prices are expected fall further. Significant Loss of Shareholder Value  Banking sector has lost more than LKR 23 billion... by God Father - Comments: 2 - Views: 1131 |
20231230  The IMF programme envisaged a "haircut" of 60% of the amounts due to Bilateral and Private Creditors so that the foreign-law debt of $ 27,943 mn could be cut by 60% amounting to $ 16,921 mn. (see page 26 of IMF Report of 20th March 2023). https://www.imf.org/-/media/Files/Publications/CR/2023/English/1LKAEA2023001.ashx However, bilateral creditors have not... by God Father - Comments: 2 - Views: 2613 |
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: 2 - Views: 688 |
20240117  LIOC Performance in 31st March 2022 LIOC profits have fallen in 31st Dec 2023 to the level of 31st March 2022 and likely to fall further in 31st March 2024 according to industry analysis based on crude oil prices and domestic demand. It's time to exit LIOC. https://cdn.cse.lk/cmt/upload_report_file/729_1651636803088.03.2022%20CSE.pdf by DeepFreakingValue - Comments: 1 - Views: 1023 |
20240109  Cargills Bank reported an EPS of LKR 0.49 per share for the 9 months ended 30th Sep 2023 compared to LKR 0.12 per share in 2022 (More than 300% increase) ahead of Initial Public Offering (IPO) mainly due to capital gains from derecognition of financial assets and other operating Income. https://cdn.cse.lk/cmt/upload_report_file/3118_1704772352765.pdf Accounting... by God Father - Comments: 1 - Views: 652 |
20231230  Overall soundness of the banking sector as indicated by the BSI improved at end Q3 of 2023 compared to the corresponding period of the previous year. However, the index remained below 100 during the recent past, reflecting the challenging operating environment of the banking sector. Liquidity, market risk, capital adequacy, and profitability sub- indices improved at end Q3 of 2023 compared to Q3 of 2022, while asset quality and efficiency sub-indices deteriorated during the same period. Increasing... by God Father - Comments: 1 - Views: 553 |
20240101  Prices of many essential goods and services have been increased with effect from 1st January 2024 due to government decision to increase the Value Added Tax (VAT) to 18%. Some of the key price revisions are given below. Fuel Price Increase The Ceylon Petroleum Corporation (Ceypetco) announced that fuel prices will be revised with effect from 5.00 a.m. today (January 01). Petrol 92 Octane: 346 to 366 ( by DeepFreakingValue - Comments: 0 - Views: 540 |
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: 11 - Views: 1717 |
20231229  The Cabinet recently sanctioned an increase in the Value Added Tax (VAT) rate, is due to come into effect on January 1, 2024. This amendment will increase the rate from the present 15% to 18%, marking the highest level in two decades. Increase of Value Added Taxes from 15% to 18% is expected to result in a sudden increase in retail prices with effect from 1st January 2024, when suppliers pass on VAT to consumers. According to experts any increase in VAT will lead to higher... by DeepFreakingValue - Comments: 0 - Views: 542 |
20231219   Sri Lanka Tourist Arrivals have recovered only 76.32% of 2019 (pre pandemic) levels and 62.6% of 2018 (pre Easter bombing) level in 2023. Sri Lanka target 3mn arrivals in 2024. Sri Lanka's tourism sector has shown a remarkable recovery, with the Central Bank of Sri Lanka reporting a significant surge in earnings. In November 2023, the island nation's tourism revenue reached $205.3 million,... by God Father - Comments: 1 - Views: 624 |
20231215  Colombo Stock Market, All Share Price Index (ASPI) is currently heading downwards after reaching the peak of ASPI 11,724 on 8th August 2023. As can be seen from the above chart, Colombo Stock Market has taken a significant dive by shedding more than 1,000 points (10%) of its previous gains during the 2H2023. Market is currently fluctuating between ASPI 10,500-10,900 level since October 2023 whilst falling to ASPI 10,471 on 28th November 2023 lowest for 2H2023. Colombo Stock Market recorded... by God Father - Comments: 1 - Views: 1236 |
20231219  Movement of the All Share Price Index (ASPI) before and after the Sovereign Debt Default in April 2022 indicate that Colombo Stock Market is currently in the recovery phase despite current downward trend due to economic and political uncertainty. Colombo Stock Market next support is around ASPI 10,400 level and If misses that next resting point would be around ASPI 9,600. by DeepFreakingValue - Comments: 0 - Views: 476 |
20231201  Colombo Stock Market ASPI is currently trading above 10,500 Stock Market offers many opportunities to Enter and Exit with Profits. Here is another opportunity in the offing above ASPI 10.500 for those who missed the opportunity to Exit @ ASPI 11,500. Take it or Leave it!  Stock Market is currently Hyped by unscruples traders to Exit by over emphasising the success of Debt Restructuring in the backdrop... by God Father - Comments: 1 - Views: 756 |
20231205  Sri Lanka Stock Market ready for the big fall below ASPI 10,400 according to stock market experts. https://x.com/ChronicleLK/status/1732074531932557532?s=20 According to Market Experts: ASI is searching for the direction. Bulls need a candle close above the falling wedge line (10798) to continue the momentum. Meanwhile RSI broken out early now showing... by God Father - Comments: 2 - Views: 780 |
20231205   Turnaround expected in 2024/25.SHL is financially strong and solvent at company level despite issues at group level.by DeepFreakingValue - Comments: 0 - Views: 700 |
20230811  The economic downturn in 1Q 2023 hit badly the banking sector as the NPL ratio has elevated to 12.9% from the 4Q 2022 11.5%. The moratorium offered during the pandemic era ends n Jan 2023 and many sectors are still struggling which has put banks in trouble. According analysts Banking Sector NPL's are currently in excess of 18% and expected to rise to 40% if no action taken by the banks or Central Bank of Sri Lanka (CBSL) to restructure bad and irrecoverable debts and loans owed to small to medium... by God Father - Comments: 4 - Views: 2400 |
20231127  John Keells Holdings PLC (JKH) share price has failed to surpass LKR 200/= barrier during last 10 years despite its last attempt in September 2023. According to the 12-Year Price Chart, JKH share price continued to trade below the price of LKR 200/= per share with the exceptions in year 2010 and 2013. Current trading price of JKH is LKR 185/= per share whilst Average price during last 12 years is LKR 148/= (Based on 100 day moving average). According to the current trend... by Quibit - Comments: 1 - Views: 691 |
20231127  With the impending demutualisation of the Colombo Stock Exchange (CSE), three investors from Europe have expressed interest in a strategic stake in the entity after the demutualisation process. The 15-member stockbroking firms have got a detailed report done with the help of the IFC on the demutualisation... by samaritan - Comments: 0 - Views: 445 |
20231123  Ajith Fernando, the second largest shareholder and founder of of Capital Alliance PLC (CALT) sold 21.69 million shares at LKR 60.10 per share to Capital Alliance Holdings Ltd at a value of LKR 1.3 Billion immediately after declaration of dividends. According to the disclosure Ajith Fernando is no longer a shareholder of Capital Alliance PLC.  CALT Share Price Crash after Exit by God Father - Comments: 1 - Views: 1248 |
20231125  - Sovereign Default: Prior to the Debt Default (8th April 2022) ASPI was 8,135 and market crashed to ASPI 7513 on 25th April 2022 immediately after debt default. - IMF Staff Approval: ASPI 10,102 (16th September 2022) - IMF Board Approval: ASPI 9,699 (20th March 2023) - DDO Approval by GOSL: Prior... by DeepFreakingValue - Comments: 0 - Views: 525 |
20231118  Above Table indicate % Loss of Banking Sector share value since end September 2023. As predicted by market experts shares prices of all banks have fallen since September 2023. PABC Bank has lost 12.87% share value, closely followed by Seylan Bank with a loss of 11.20%. HNB Bank is the best loser with only 2.47% loss. Accordingly to market experts, the Banking sector share prices are likely to fall further during the remaining weeks of November and in the month of December due to current economic... by God Father - Comments: 0 - Views: 475 |
20231003  Stock Market offers many opportunities to Enter and Exit with Profits. Here is another opportunity in the offing. Take it or Leave it! https://srilankaequity.forumotion.com/t63018-colombo-stock-market-opportunity-to-exit by God Father - Comments: 2 - Views: 1679 |
20231106  Colombo Stock Exchange (CSE) expected to implement RSS and SBL (Short Selling) on 6th Nov '23. Will it initiate a negative trend which may eventually cause a major down trend and collapse of already depressed Colombo stock market by further 20%? Empirical study by Harvard Law School Forum on Short Selling: First, the punch line of the empirical study: activist short selling, which we call “negative activism,”... by DeepFreakingValue - Comments: 2 - Views: 808 |
20231030  The Central Bank of Sri Lanka Governor Nandalal Weerasinghe is talking about Commendable Achievements! during his period. Let's examine his achievements. When the Governor Nandalal Weerasinghe came- 1. the country's growth rate was 3.4%. He brought it to -7.8%. It's still MINUS, and would be so, for the next several quarters. 2. Interest rates were 8%. Nandalal took it up to 28%, and has now brought it down to 18%. 3. Inflation... by God Father - Comments: 2 - Views: 527 |
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