Up Trend Trigger

Cabraal specifically mentioned input into the equity market. Some say that Temsec Singapore are going to come in big.( Don't know the credibility of that.)

I think if the inflated junk falls down to where it belongs, serious investors would be more confident too, I would be.

Ranasinghe declined to say how much is expected to come in, but the central bank in October said it was expecting $1 billion from foreign investors mainly into equities, corporate debt and banks.

CSE road shows are planned end of the month in Singapore and Malaysia and if we have to attract investors from there, we will have to tell a better story than their country and show a good value market. Currently trading at 15.48X CSE data not adjusted for Sept results. If adjusted it is 14X or so. Maybe market is being brought down! LOL

And somebody has to give chunks of shares to these foreigners at bargain prices. hmmm.... EPF????

Cheers!

Rapaport wrote:

And somebody has to give chunks of shares to these foreigners at bargain prices. hmmm.... EPF????

Cheers!

This comment is quiet interesting. May be authorities purposely wanted to show that CSE is not overvalued to outsiders to attract investments.

Big shareholders such as the Captains maintain a separate trading portfolio to accommodate situations.

rijayasooriya wrote:When blaming the government please do not forget that they have end the 30 year lasted war.
I do not agree the way government behave now.But this is not the Lybia or MR is not Gaddhafi.

You forgot that all the people who lead the war are in prisons or sent abroad! Even during war Sri Lanka had a law and order in these parts!

No Gaddhafi did some positive things during his rule! He had others motives than to make him the and his family the richest in the world!

Rajitha wrote:

rijayasooriya wrote:When blaming the government please do not forget that they have end the 30 year lasted war.
I do not agree the way government behave now.But this is not the Lybia or MR is not Gaddhafi.

You forgot that all the people who lead the war are in prisons or sent abroad! Even during war Sri Lanka had a law and order in these parts!

No Gaddhafi did some positive things during his rule! He had others motives than to make him the and his family the richest in the world!

You are a typical example for a classical sri lankan.Nothing else to say.

Tiger wrote:

econ wrote:we just need to abolish unnecessary rules and regulations imposed by SEC after 2010 August. After 2010 August, market had been always sluggish.

This comment has seen many times. Can you be specific as to what rules should be relaxed.

all the rules imposed by SEC after 2010 August.
1. price band rule
2. no broker credit rule
3. T+5 credit clearance rule

Budget won't be a trigger as it appears, this budget could bring the stability to the market in terms of direction. So looking upto the next trigger, hopefully credit relaxation.

Markets will be down until we get a resolution to EURO crisis. According to me that will be the bottom, lets see. I have stopped buying.

Tiger wrote:Markets will be down until we get a resolution to EURO crisis. According to me that will be the bottom, lets see. I have stopped buying.

Investors sentiment day to day losing momentum.( All over the place)
Hope the up trend will start in early 2012.
But if we read the following link, may be we'll change our mind.
http://www.marketwatch.com/story/very-slow-growth-2012-then-long-bear-to-2020-2011-11-22?link=MW_popular

Non of those are not effecting Colombo stock market, but the big players need to come back to the market, no matter they are manipulators or not

chamith wrote:

UKboy wrote:If Cairn Sri Lanka can discover an oil reserve exceed 10 bb in mannar basin, Yes whole this market will defa go up.

(Sorry it was a dream).

I have no faith about the budget. Everything looks gloomy to me (short term).

As i heard there is no oil. But there is gas.
first they said oil at its early stages. Now they found gas from its 2nd well.

As a Sri Lankan I hope they won't say that there's no commercial value of this project.

Its all happening..... looking ahead.


Bond Sale
04 Jan, 2012 08:07:56
Sri Lanka Bank of Ceylon eyes US$500mn bond
Jan 04, 2012 (LBO) - Sri Lanka's state-run Bank of Ceylon, the island's largest lender is looking to sell a 500 million dollar bond in the first half of this year chairman Gamini Wickramasinghe said.

"It will be during the next three to four months," he said. "The bond will be rated."
Bank of Ceylon has been one of the most prolific banks to go to international markets. It has previously raised money through syndicated loans.

Last month the bank raised 140 million dollars from UAE based Mashreq Bank.

Bank of Ceylon had gross assets of 779.1 billion rupees (6.8 billion US dollars) by end September 2011 and net assets of 31.45 billion rupees (276 million US dollars).

In the nine months to September it earned profits of 6.78 billion rupees (59 million US dollars.

It is rated AA+(lka) by Fitch.

Sri Lanka's central bank has urged banks to borrow abroad using the benchmarks set by government bonds.


U.S. Employment Probably Picked Up in Dec.
http://www.bloomberg.com/news/2012-01-01/payroll-gains-in-u-s-probably-accelerated-helping-lift-consumer-spending.html
Hiring probably accelerated in December for a second month, a sign an improving U.S. labor market will bolster consumer spending in early 2012, economists said before a report this week.
Payrolls climbed by 150,000 workers after rising 120,000 in November, according to the median forecast of 62 economists in a Bloomberg News survey before Labor Department data on Jan. 6. The unemployment rate rose last month after reaching the lowest level in more than two years, the report may also show.

Tiger wrote:Its all happening..... looking ahead.


Bond Sale
04 Jan, 2012 08:07:56
Sri Lanka Bank of Ceylon eyes US$500mn bond
Jan 04, 2012 (LBO) - Sri Lanka's state-run Bank of Ceylon, the island's largest lender is looking to sell a 500 million dollar bond in the first half of this year chairman Gamini Wickramasinghe said.

"It will be during the next three to four months," he said. "The bond will be rated."
Bank of Ceylon has been one of the most prolific banks to go to international markets. It has previously raised money through syndicated loans.

Last month the bank raised 140 million dollars from UAE based Mashreq Bank.

Bank of Ceylon had gross assets of 779.1 billion rupees (6.8 billion US dollars) by end September 2011 and net assets of 31.45 billion rupees (276 million US dollars).

In the nine months to September it earned profits of 6.78 billion rupees (59 million US dollars.

It is rated AA+(lka) by Fitch.

Sri Lanka's central bank has urged banks to borrow abroad using the benchmarks set by government bonds.


U.S. Employment Probably Picked Up in Dec.
http://www.bloomberg.com/news/2012-01-01/payroll-gains-in-u-s-probably-accelerated-helping-lift-consumer-spending.html
Hiring probably accelerated in December for a second month, a sign an improving U.S. labor market will bolster consumer spending in early 2012, economists said before a report this week.
Payrolls climbed by 150,000 workers after rising 120,000 in November, according to the median forecast of 62 economists in a Bloomberg News survey before Labor Department data on Jan. 6. The unemployment rate rose last month after reaching the lowest level in more than two years, the report may also show.

Thanks for sharing your thoughts.