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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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20230404  Lack of foreign investments and economic uncertainty resulting from IMF reforms has depressed the investor sentiments in the Colombo Stock market. SOE privatisation would be the key turning point for the next phase of growth for the stock market. #Srilanka Sri Lanka stock market has witnessed a downward trend and exceptionally low turnovers ever since the relief package was approved by the board... by DeepFreakingValue - Comments: 13 - Views: 1968 |
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: 1 - Views: 1218 |
20230416  Contrary to popular belief, “money printing” by the CBSL was at its highest under Governor P N Weerasinghe, even while the IMF was closely involved with Sri Lanka since mid April 2022. Above table would be helpful to understand the context With the new IMF arrangement whereby CBSL’s “money printing” is discontinued, it will only be a matter of time before the Government will find it impossible to face the huge challenge of meeting its commitments... by God Father - Comments: 0 - Views: 585 |
20230414  by ChatGPT - Comments: 0 - Views: 541 |
20230403  By Duruthu Edirimuni Chandrasekera More than a dozen pyramid schemes are on the Central Bank (CB) radar after the regulator got the Attorney General to file criminal cases against three such prohibited schemes recently. As the schemes were contravening Section 83C of the Banking Act cases will be filed against ‘Fast3cycle International (P) Ltd.,” ‘Sport Chain App, Sport Chain ZS Society Sri Lanka,” and ‘Onmax DT’ which have collectively... by Walbaba - Comments: 1 - Views: 378 |
20221115  Sri Lanka Telecom (SLT) has invested in excess of LKR 35.5bn in property plant and equipments during last 9 months ended 30th Sep 2022, whilst net cash generated from operation was only LKR 28.8bn. This indicate that SLT has spent all but considerable amount of cash generated from the operations in purchasing assets to upgrade and maintaining its network. Key investments planned for 2022 included the optical fibre network, 4G network expansions with 5G capabilities along with Mobitel,... by DeepFreakingValue - Comments: 6 - Views: 2330 |
20230321 by Quibit - Comments: 0 - Views: 358 |
20230310 Analysis of Top companies in Sri Lanka on the basis of Price to Book Value (PBVx) and Price to Earnings (PERx) as at current market prices. by God Father - Comments: 0 - Views: 910 |
20230307 BANKING SECTOR Price Range for Banking Sector Investors based on 4x PER and 0.5x PBV #Srilanka   Download Report: www.stockplanets.com/research by DeepFreakingValue - Comments: 2 - Views: 1078 |
20230303 by God Father - Comments: 1 - Views: 469 |
20230227 by God Father - Comments: 0 - Views: 481 |
20230225  Bitcoin, Blockchain, and Cryptocurrencies are the new phenomena of the 21st century. There is so much hype surrounding these subjects that it is almost impossible to ignore them and how they may affect our day to day lives. However, not all of us may be in the know when it comes to the maze of jargon surrounding Bitcoin. Blockchain, Distributed Ledger Technology, cryptocurrencies, Initial Coin Offerings; what does any of it mean? Are you feeling left behind when the ‘techies’ speak... by God Father - Comments: 0 - Views: 421 |
20230115  Prime Lands Residencies PLC (PLR) future profitability and growth is mainly dependent on the company ability to sell current properties and to embark on new development projects in the backdrop of current economic crisis faced by the country. Increase in cost of construction due to import restriction and high labour costs coupled with lower demand for apartments from the domestic buyers due high interest cost and reduction in the purchasing power of the apartment buyers is likely to result in... by DeepFreakingValue - Comments: 5 - Views: 1291 |
20230223  ASTRO ANALYSIS Concept: Concept to evaluate future movement of stock prices of companies on the basis of the change of Price Book Value (PBVx) and Price to Earnings (PERx) ratios over a period of time. Methodology Price Earnings (PERx) and Price to Book Value (PBVx), ratios of sample companies are calculated and plotted on a graph, X Axis representing PBVx and Y Axis representing PERx respectively. Market capitalization is depicted... by God Father - Comments: 0 - Views: 509 |
20230214 14, February 2023, SRI LANKA. Stock Planets Research introduces Astro Analysis and NFT trading to the Colombo Stock Market. Sri Lanka's First ever Corporate NFT was launched on 14th February 2023 together with the release of its first ever Astro Analysis Report on Expolanka Holdings PLC. Visit www.stockplanets.com for more details.  Download Report: by CHRONICLE™ - Comments: 2 - Views: 524 |
20230103 Sri Lanka Tourist Arrivals have recovered only 62.38% of 2019 (pre pandemic) levels in 2022. As a result Sri Lanka tourism recovery prolonged until 2024 to reach 2.3 mn tourist arrivals recorded in 2018. The Tourism Ministry announced this week an ambitious target of luring 1.5 million international visitors in 2023 and double of that (3 million) in 2024.  by DeepFreakingValue - Comments: 4 - Views: 1214 |
20230206  Officially known as the Democratic Socialist Republic of Sri Lanka, it is a South Asian country possesses GDP of about $ 85 billion according to the statistics of world bank. Over the past few years, the contribution of agriculture sector in Sri Lana’s GDP has experienced a rising trend. According to the latest report of statista, agriculture sector accounts for approximately 9 percent of Sri Lanka’s total GDP. Major crops are rice, tea, coconut, rubber, maize, wheat,... by CHRONICLE™ - Comments: 0 - Views: 592 |
20230203 Background on LOLC Group, One of Sri Lanka’s Largest Conglomerates With a Collective Market Capitalisation of LKR 590.5 Billion (U.S. $1.6 Billion)  ADANI of SRI LANKA - Fibrosis Research on LOLC Group. Download Link: https://easyupload.io/fzai0i by DeepFreakingValue - Comments: 9 - Views: 1363 |
20230129  A blue chip stock is a huge company with an excellent reputation. These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors. A blue chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name. For all of these reasons, blue chip stocks are among... by DeepFreakingValue - Comments: 0 - Views: 788 |
20230127  Foreign Investments awaits future Losses LOLC Holdings PLC (LOLC) foreign investments awaits future capital losses due to fall of investment value on the back of depreciating African currencies. According to recent announcement by the LOLC Holdings PLC, group foreign investments now account for more than 50% of it total assets. Find above the Exchanges Rates of the countries LOLC has made its foreign investments. Excessive Goodwill... by DeepFreakingValue - Comments: 4 - Views: 1926 |
20230122  Hayleys PLC (HAYL) reported a Net Profit of LKR 7.15bn (EPS of LKR 5.40 per share) for the quarter ended 30th September 2022. Earnings per share (EPS) for last 12 months/TTM is LKR 37.11 per share whilst forecast EPS for the year ended 31st March 2023 expected be LKR 39.77 per share. Hayleys PLC share is currently trading at a price of LKR 74.10 per share or Price to Earnings Ratio (PER) multiple of 2X (TTM) and 1.86X (Forward Earnings) basis respectively which is attractive in terms... by DeepFreakingValue - Comments: 1 - Views: 972 |
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: 1092 |
20230119  - Blue Ocean Residencies (BORL) enters the Colombo Stock Market via the acquisition of the Kelsey Development PLC (KDL). -BORL is a company headed by wellknown property developer Sivarajah Thumilan - BORL acquired 60% stake (10,457,564 Shares) in Kelsey Developments PLC (KDL) on 15th November 2022 for a consideration of LKR 257.25 Mn (LKR 24.6 per share). - Independent Advisor has advised the shareholders to divest KDL Shares at the mandatory offer at LKR 24.60/= -... by DeepFreakingValue - Comments: 2 - Views: 1042 |
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: 336 |
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: 801 |
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: 387 |
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: 360 |
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: 2483 |
20230109  by God Father - Comments: 1 - Views: 498 |
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: 399 |
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: 795 |
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: 548 |
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: 454 |
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: 361 |
20221214 by DeepFreakingValue - Comments: 1 - Views: 2943 |
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: 658 |
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: 944 |
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: 1605 |
20221224  by CHRONICLE™ - Comments: 0 - Views: 243 |
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: 501 |
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: 415 |
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: 533 |
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: 32518 |
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: 1364 |
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: 20231 |
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: 2209 |
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: 552 |
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: 990 |
20221110 by CHRONICLE™ - Comments: 0 - Views: 480 |
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: 519 |
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