Company disclosures regarding impacts of COVID-19

ChooBoy · 1 Company disclosures regarding impacts of COVID-19 Thu May 14, 2020 2:16 pm

ChooBoy

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Companies listed on the CSE continue to disclose impacts to business operations as a result of COVID-19. Access the latest disclosures:

Pan Asia Banking Corporation PLC - https://bit.ly/2zw5SN3
Aitken Spence Hotel Holdings PLC - https://bit.ly/2xVnkKp
Browns Beach Hotels PLC - https://bit.ly/2zyR1Bb
Diesel & Motor Engineering PLC - https://bit.ly/2WqDbK8
Seylan Bank PLC - https://bit.ly/2YXBBl0
Ceylon Hotels Corporation PLC - https://bit.ly/2Z2cFc5
Amana Takaful PLC - https://bit.ly/3fAi0wS
Amana Takaful Life PLC - https://bit.ly/363H37r
Vallibel Finance PLC - https://bit.ly/2LnFXK4
Aitken Spence Plantation Managements PLC - https://bit.ly/35Robbu
Carson Cumberbatch PLC - https://bit.ly/3dBN9yg
Bukit Darah PLC - https://bit.ly/3dB2ajR
L B Finance PLC - https://bit.ly/3bqHj1l
Sanasa Development Bank PLC - https://bit.ly/35TF59B
#Stockmarket #srilanka

wallstreetguy · May 13, 2020 at 9:56pm PDT

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Lion Beer thinks that you won't be drinking as you used to for a while. Since tourism is at ground zero, nightclubs and bars are closed for social gatherings, your salary cuts which won't leave you enough money to grab a pint, and the rising unemployment in the country has affected their future growth prospects. Since the rise of illegal alcohol manufacturing, also known as 'kassipu' over the past few months, LION.N0000 started to resume operations immediately as soon as the government relaxed the curfew laws to grab its share which was starting to deteriorate from the illegal moonshine producers. Besides, social distancing implementation on wine stores will indirectly affect Lion's recovery since the future is uncertain due to consumers not adhering to social distancing rules imposed by the health ministry which is strictly monitored and implemented by the Tri-Forces.⁣ ⁣ However, Lion Brewery being the largest beer manufacturer in the country which has a strong brand value up by 1% with a strong rating of A+ post-COVID-19. It is confident that its strong country presence via its chain of "Machan" pubs and international presence in cities such as New York and Melbourne will remain strong to support the medium-term recovery. ⁣ ⁣ Be sure to follow us on @fundalyse to learn about how the stock market and never miss what is happening on the Sri Lanka stock market. ⁣ #stockmarket #srilanka #equities #coronavirus

A post shared by Fundalyse Markets (@fundalyse) on May 13, 2020 at 9:56pm PDT

wallstreetguy · May 14, 2020 at 6:25am PDT

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250 D2D minutes, 250 D2D SMS & 1 GB of anytime Data free for 7 days each week throughout the curfew period came with a cost to Dialog which has affected their income streams. Ever since the curfew was imposed, usage traffic from corporates took a dip which shifted to data demand surging from your house after the government initiated the 'Work from Home' strategy which your company or business had to implement. The concessionary products offered during the curfew period resulted in an overload in the network including unprecedented Zoom sessions and seminars from friends and the office, online games, unrestricted access to the social networks by all of your family members which Dialog believes they were able to manage the overload on the network with minimal user impact. Apart from WFH concessions and currency fluctuations, no Sri Lankans flew out of the country resulting in their roaming revenue taking a hit which accounts for 2% of the total revenue.⁣⁣ ⁣⁣ Yet, Dialog has been resilient and remains Sri Lanka's No. 1 brand with a Triple-A rating but its brand value decreasing by 10% during COVID-19. Besides, they have been one of the generous public listed corporates in the country where they pledge to donate Rs. 200 million to provide state of the art medical facilities and enhance ICU's of hospitals in the country. They've donated high tech telecommunication hardware to 20 hospitals around the country, donated another additional Rs. 50 million to provide rations to affected people in the country.⁣ ⁣ ⁣⁣ DIAL.N0000 has been testing 5G in the country since last year which is driven by the high use of online video streaming and content, they plan to bank on the new norm & WFH culture by introducing WFH packages and bundles as companies turn to cut down costs and move towards increasing work productivity. ⁣⁣ ⁣⁣ Be sure to follow us on @fundalyse to learn about how the stock market and never miss what is happening on the Sri Lanka stock market. ⁣⁣ ⁣⁣ #stockmarket #srilanka #equities #coronavirus #dialogaxiata

A post shared by Fundalyse Markets (@fundalyse) on May 14, 2020 at 6:25am PDT