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EPF steps up buying into JKH

+4
mono
wis
UKboy
ruwa925
8 posters

Go down  Message [Page 1 of 1]

1EPF steps up buying into JKH Empty EPF steps up buying into JKH Thu Mar 10, 2011 3:32 am

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics

Reaffirming its bullishness on prospects, EPF has stepped up buying further into Sri Lanka’s premier blue chip John Keells Holdings (JKH).
Yesterday EPF picked up the bulk of the 2.36 million shares of JKH which traded for Rs. 656 million whilst on Tuesday it bought slightly over one million JKH shares.


The major seller has been a foreign fund. JKH (XD) yesterday closed at Rs. 275.40, down by Rs. 7.20. On Friday JKH’s closing price was Rs. 289.70 reflecting a dip of Rs. 14.30.

EPF as at 31 December 2010 was holding 35.5 million shares or a 5.7% stake in JKH, thereby remaining as the third biggest shareholder.
EPF also bought 1 million Royal Ceramics shares for Rs. 150 million.

2EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 4:20 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics


This foreign fund has been selling JKH for sometimes & they made a fortune from JKH.
But its good to see that EPF is moving into JKH.

3EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 8:52 am

wis


Manager - Equity Analytics
Manager - Equity Analytics

Should we laugh or cry when our retirement fund buy CSE stocks.
In this case reassurance is a double-edged sword.

4EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 9:21 am

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics

wis wrote:Should we laugh or cry when our retirement fund buy CSE stocks.
In this case reassurance is a double-edged sword.

EPF has invested something like 5% of it's funds in the CSE

5EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 10:23 am

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

With the return of Union bank funds and with EPF buying market can return to nornal soon.

6EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 10:46 am

econ

econ
Global Moderator

EPF usually buy liquid blue chip counters. so JKH at current price is perfect investment for long term fund like EPF.

7EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 12:10 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

So EPF is happy about the JKH & RCL Price?

8EPF steps up buying into JKH Empty Re: EPF steps up buying into JKH Thu Mar 10, 2011 12:13 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

Soundchips wrote:With the return of Union bank funds and with EPF buying market can return to nornal soon.

@soundchips
Actually, market is sound again. no reason to worry, Corporate earnings are good.

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