Stay away from this sector. recent example : TFC bankrupt. Banks will do more right issues in the future.
Maharaja
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Banks NDB,COMB,HNB and CDB,VFIN,LFIN,CFIN are still doing well.Maharaja wrote:Sampath bank has faced lot of losses from loans. Many are unrecoverable because loans given against property. They are struggling to sell the properties of default loans. Because if they sell they can recover only 60% of the loan value. Not only Sampath, whole banking sector has faced this due to crippling economy, reducing growth and rising interest rates !!!
Stay away from this sector. recent example : TFC bankrupt. Banks will do more right issues in the future.
Maharaja
Maharaja and Soil(mud)economy,soileconomy wrote:Disaster.Maharaja wrote:Market need to drop to 4500-4700 level. That is my analysis.
From January market will start the drop immediately to 5800, 5500 and more.
4500-4700 level is stabilize area for ASPI
Maharaja
arun.cse wrote:Cannot be expected a speed recovery. This is the result for last few years.
Yahapalanaya wrote:Maharaja and Soil(mud)economy,soileconomy wrote:Disaster.Maharaja wrote:Market need to drop to 4500-4700 level. That is my analysis.
From January market will start the drop immediately to 5800, 5500 and more.
4500-4700 level is stabilize area for ASPI
Maharaja
When is market coming to 4500-4700 level....... :) :) :)
I could list out companies performing exceptional in other sectors as well.But you have to do your homework.soileconomy wrote:Only financial sector is surviving due to mismanagement of the economy even now giant banks are facing difficulties.
Yes.If election come, there will be strong UNP government and market BULLLLLLLLL.................Maharaja wrote:Slowly ppl will understand who is Maharaja.
Maharaja technical analysis never goes wrong.
Until a political change comes this trend will continue till 4700 area. Not immediately but slowly. If elections come early 5500 can show as support. Right now my advise is do not trade in this market. Wait for direction after 2020 presidential elections.
Maharaja
Yahapalanaya wrote:Yes.If election come, there will be strong UNP government and market BULLLLLLLLL.................Maharaja wrote:Slowly ppl will understand who is Maharaja.
Maharaja technical analysis never goes wrong.
Until a political change comes this trend will continue till 4700 area. Not immediately but slowly. If elections come early 5500 can show as support. Right now my advise is do not trade in this market. Wait for direction after 2020 presidential elections.
Maharaja
You need not to tell that...soileconomy wrote:We are the bulls
Maharaja wrote:Market need to drop to 4500-4700 level. That is my analysis.
From January market will start the drop immediately to 5800, 5500 and more.
4500-4700 level is stabilize area for ASPI
Maharaja
good job lokkaMaharaja wrote:ASI will test 5500. Everybody can see Maharaja's technical prediction this week !!
Maharaja
MADNESSMaharaja wrote:After JKH break 150 and enter 140 level ASI will enter 5500 area
Maharaja
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum