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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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20231009 The Legend for the Next President of Sri Lanka  - Richest Person in Sri Lanka - Successful Businessman - Philanthropist and Academic - Member of Parliament - Honest and Candid Politician We wish him all success at the next Presidential Election 2024. https://www.dhammikaperera.lk by DeepFreakingValue - Comments: 3 - Views: 1050 |
20231014  Share prices of all major banks have fallen during the first half of October 2023. Even at this level the Banking Sector is highly inflated when considering the deep recession that Sri Lanka is experiencing. When the 2nd quarter results are out, the sector will crash beyond recognition. Investors are desperately trying to sell and exit, without triggering a major meltdown. Banking Sector share values based on Net Asset Value (Adjusted) as given below indicate that shares are... by DeepFreakingValue - Comments: 0 - Views: 535 |
20231005 “Program Risks” which are termed “exceptional” by the IMF staff themselves, will almost certainly materialize and negate the entire program.  The IMF Staff candidly acknowledge in their Report of March 2023 that the Risks of Sri Lanka’s Program are “exceptionally high”. This is how the Report highlights the risks (page 2). “Program Risks: “Risks to program... by DeepFreakingValue - Comments: 1 - Views: 636 |
20231004  When the policy rate falls, bank profits can decrease even if the net interest margin still increases. The effect of policy rate cuts on bank lending and risk-taking depends on how the low interest rate environment affects banks’ ability to raise external financing. When interest rates are low, easing monetary policy relaxes banks’ external financing constraint less... by God Father - Comments: 4 - Views: 875 |
20231005  L-R: Rohana Kumara Wanni Achchge (LOLC Regional Director, Africa), Justin Kagishiro (CEO), and Roshan Abeysinghe Gunawardena (DCEO). FEATURED: LOLC Mauritius Holdings Ltd acquires Unguka Bank PLC in Rwanda EXCERPTS FROM THE ARTICLE: by samaritan - Comments: 0 - Views: 306 |
20231002  As per the information collected through the Condominium Market Survey conducted by the Central Bank of Sri Lanka, transactions recorded in the primary condominium market remained at low levels during Q2, 2023. The Condominium Property Volume Index which measures the trend in number of new condominium sales, declined marginally by 1.3 per cent on a year-on-year basis. Meanwhile, new condominium prices in the Colombo district prevailed at high levels during the quarter, with a 10.5 per cent year-on-year... by God Father - Comments: 0 - Views: 620 |
20231001  - Corporate Tax Impact on Earnings Increased Tax implication expected to have full impact in September Quarter. GOSL expected to levy more taxes on banks as per IMF recent review. In this context taxes on Treasury Bill Gains are likely to be included in the budget. Taxation of banks in Sri Lanka remains at a very high level totalling around 60% to 70% of its profits before tax, including the consumption taxes. by DeepFreakingValue - Comments: 0 - Views: 425 |
20230925 Banking Sector  The Banking Sector reported Net Interest Income of Rs. 328.6 billion for the Q2 of 2023, recording a decline of 12.8 % YoY whilst Gross Income reported a decline of 27.5% YoY. Increased Corporate taxes yet to have the full affect on the Profit after Tax of the Banking Sector.  Asset growth of the banking sector continued... by God Father - Comments: 3 - Views: 1204 |
20220913  Entrepreneurs, philanthropists, business owners and former government officials from the US and Russia - Lukoil, Russia Former Vice President Andrei Gaidamaka and T.H. Properties USA CEO and owner Todd Hendricks were among the delegates who visited Port City Colombo to scope out promising investment opportunities in Sri Lanka, last week. In attendance were... by samaritan - Comments: 2 - Views: 949 |
20230821  As given above Government Treasury Bill Rates have fallen from high of 32% p.a to 18% from January to August 2023. How much more can TB Rates fall? How will it impact Banks and Treasury Bond Companies like CALT/CFVF/FCT? Can they maintain the same earnings growth in coming Quarters? Future Outlook does not look all that promising. Why? TB rates went upto 32% p.a due to economic crisis. These Bond Companies only make profits when TB/Interest Rates come down... by DeepFreakingValue - Comments: 1 - Views: 912 |
20230916  There has been a lot of conversation about Sri Lanka’s DDO, and the supposed impact on the EPF (as well as other superannuation funds). I’ve personally found most of this conversation lacking in analysis and when analysis has been present, to be woefully lacking in the technical reality of how markets work. In this piece, I’m aiming to set out an analytical basis for the impact of the DDO on the EPF - taking an approach that prioritizes... by God Father - Comments: 0 - Views: 475 |
20230907  Colombo Stock Market capital gains have exceeded over 30% during the last 12 month. (Image-1). The Smart investors who entered the CSE below ASPI 8000 levels which was the lowest level ASPI felt during last 12 months, gained over 30% to dated whilst investors who exited the stock market around ASPI 10,500 levels gained 23%. However the Investors who entering the stock market at current ASPI levels of 11,500 will have to wait until APSI reach 12,540 to make 10% gain. 10,500... by God Father - Comments: 0 - Views: 500 |
20230905  The Sri Lankan economic crisis is an ongoing crisis in the island country of Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948. It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. The crisis is said to have begun due to multiple compounding factors like tax cuts, money creation, a nationwide policy to shift to organic or... by DeepFreakingValue - Comments: 0 - Views: 649 |
20220819  Browns Investment PLC (BIL) own Palm Garden Hotel PLC (PALM) via Browns Hotels and Resorts Limited. PALM owns Eden Hotel Lanka PLC (EDEN). EDEN owns 600 hotel rooms excluding Maldives. EDEN has 158 rooms of its own in addition to Serendib Hotels PLC (SHOT) which has 366 rooms collectively and 76 rooms of Dickwella Hotel. Of the 366 Rooms owned by Serendib Hotels, 154 rooms by Dolphin Hotel PLC (STAF) and 79 rooms by Sigirya Hotel PLC (HSIG). PALM is also planning to construct... by God Father - Comments: 8 - Views: 1911 |
20230904  Sri Lanka Central Bank Governor has been named as Top Governors of the World by Global Finance Magazine for below heroics. - Sri Lanka's inflation has returned to single digit with no real reduction in prices of consumer goods and services. - Interest rates are being normalised at the expense of EPF/ETF Pension Funds in an incomplete debt restructuring that favour bond traders and banks. - Volatility in the exchange rate has been curtailed with Hot Money deals and Export Taxes.... by God Father - Comments: 1 - Views: 533 |
20230901  Fuel and transport price increases will inevitably flow through to food and other goods, economists said. Fuel prices were increased with effect from midnight on Thursday (31) August 2023. The Ceylon Petroleum Corporation said a litre of 92 Octane Petrol was increased by Rs.13 to Rs.361. - A litre of 95 Octane Petrol was increased by Rs.42 to Rs.417. - A litre of Auto Diesel was increased by Rs.35 to Rs.341. - A litre of Super Diesel was increased by Rs.1 to... by DeepFreakingValue - Comments: 2 - Views: 590 |
20230902 - Sri Lanka within a period of 7 years have produced some of the top financial and economic experts of the world. Top Central Bank Governor 2023  - In. 2023 CSBL Governor Nandalal Weerasinghe has been rated among the top central bank Governors in the world by Global Finance magazine.! https://d2tyltutevw8th.cloudfront.net/media/document/press-release-central-banker-report-cards-2023-1693511830.pdf by God Father - Comments: 6 - Views: 556 |
20230703  Stock Market investors have yet another opportunity to exit Colombo Stock market after the Covid 19 pandemic which caused economic crisis and sovereign debt default in Sri Lanka prior to the implementation of the IMF proposals and resultant market impact. Tombstones - Covid19 Start: February 2020 - Covid19 End: December 2021 - Economic Crisis Start: January 2022 - Debt Default: April 12, 2022 - IMF Staff Level Approval: September 2022 by DeepFreakingValue - Comments: 22 - Views: 3140 |
20230821  Exceptional Profits Reported By Bond Trading Companies (Primary Dealers) Capital Alliance PLC#CALT owned by Ajith Fernando reported exceptional earnings (2.94 bn PAT) in June Q as expected. Q EPS (8.94) has exceeded last year annual EPS. Simply exceptional.  by ChooBoy - Comments: 0 - Views: 848 |
20230821  Wonder of Asia Bond Trading Companies (Primary Dealerships) owned by few individuals make huge profits from Treasury Bills Sales whilst over 2 million EPF members undergo Domestic Debt Restructuring (DDR) and loss of value for their life time savings with no mercy from justice system. In the implementation of DDR, the government has excluded the country’s financial sector, mainly represented by banks and non-bank financial institutions since they are already... by God Father - Comments: 0 - Views: 620 |
20230804  #SriLanka: Economy is yet to face serious crisis. - manipulated inflation Rate - Half Baked DDR - Contracting GDP Growth - Unstable Exchange Rate - falling Corporate Earnings - Overhyped stock market - Pending presidential elections Look below: Argentina Example. In the coming months, Sri Lanka's path will be shaped, possibly following the examples of... by God Father - Comments: 0 - Views: 565 |
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: 5 - Views: 1955 |
20230703  Sri Lanka Exchange Rate USD/LKR remain highly unpredictable due to FX shortages expected to be faced by the banks. Banks could face significant capital and FX shortfalls as a result of a sovereign debt restructuring. A sovereign debt restructuring will crystalize both sovereign credit risk and FX risk facing the banks. Banks’ exposure to the public sector as of end-September 2022 amounts to 33 percent of projected 2022 GDP, more than 5 times their total capital of 61⁄2... by DeepFreakingValue - Comments: 2 - Views: 1108 |
20210511 by God Father - Comments: 84 - Views: 12586 |
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: 2 - Views: 804 |
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: 4 - Views: 1629 |
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: 3 - Views: 1614 |
20230227 by God Father - Comments: 1 - Views: 824 |
20230704 by God Father - Comments: 0 - Views: 344 |
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: 22 - Views: 3789 |
20230623 Licensed Commercial Banks NPL ratio up in 1Q 2023 to 12.9% from 11.5% in 4Q 2022 The economic downturn in 1Q 2023 hit badly on the banking sector as the non-performing loan ratio has elevated to 12.9% from that of the previous quarter’s 11.5%. The moratorium offered during the pandemic era ended in Jan 2023 and many sectors are still struggling to recover has put banks in a bad position. by ChooBoy - Comments: 5 - Views: 1073 |
20220427  ECONOMYNEXT – Sri Lanka’s stocks and sovereign bonds which are trading at steep discounts are an investment opportunity, emerging market investor Mark Mobius said as a sof-pegged exchange rate regime failed after output gap targeting and the country defaulted on its foreign debt. The... by samaritan - Comments: 1 - Views: 710 |
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: 932 |
20230414  by ChatGPT - Comments: 0 - Views: 760 |
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: 690 |
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: 2658 |
20230321 by Quibit - Comments: 0 - Views: 513 |
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: 1167 |
20230303 by God Father - Comments: 1 - Views: 641 |
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: 521 |
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: 660 |
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: 677 |
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: 789 |
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: 1526 |
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: 1088 |
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: 2391 |
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: 1168 |
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: 1324 |
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: 544 |
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: 1053 |
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