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Focus on Government controlled entities

+15
Beyondsenses
Thushara Ayya
God Father
npgslnawa
ErangaDS
Citizen Silva
ADVENTUS
rajini
Eranx
suku502
samaritan
Quibit
K.R
D.G.Dayaratne
Ekanayake90
19 posters

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ErangaDS


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

#SriLanka's Cabinet has given 'approval in principle' for the divestment of the stakes held by the Treasury in Sri Lanka Telecom & The Lanka Hospitals Corp

Divestments will be done by the Enterprise Restructuring unit of the Ministry of Finance subject to due process.

Phase 01.  SLT  LHCL  SLIC  Sri Lankan ✈ 
Phase 02. _________ ? (People’s Group , Hotels)

Ekanayake90, LHW, K.R and Beyondsenses like this post

K.R


Manager - Equity Analytics
Manager - Equity Analytics

ErangaDS wrote:#SriLanka's Cabinet has given 'approval in principle' for the divestment of the stakes held by the Treasury in Sri Lanka Telecom & The Lanka Hospitals Corp

Divestments will be done by the Enterprise Restructuring unit of the Ministry of Finance subject to due process.

Phase 01.  SLT  LHCL  SLIC  Sri Lankan ✈ 
Phase 02. _________ ? (People’s Group , Hotels)


SLIC & People’s Group 📈

Sri Lanka to Raise Billions by Selling SOEs as IMF Green Lights Bailout 
In a move aimed at raising approximately $3-4 Billion, GOSL is taking steps to divest stakes in key State-Owned Enterprises (SOEs) and their subsidiaries, with the goal of strengthening the country’s foreign exchange (Forex) reserves and the value of the Sri Lankan Rupee (LKR).

https://www.newscutter.lk/sri-lanka-news/top-stories/sri-lanka-selling-soes-imf-bailout-21032023-59920/

Ekanayake90 and ErangaDS like this post

Ekanayake90


Manager - Equity Analytics
Manager - Equity Analytics

It’s happening faster than expected

Kudos Mr President 👏

sheildskye and K.R like this post

K.R


Manager - Equity Analytics
Manager - Equity Analytics

President reveals how Public sector destroyed money

He noted that in the future, the public sector will stop engaging in business and open it to the private sector to create a free and productive economy.

Recalling that Mr. D.S. Senanayake’s vision was to create a free economy, the President said that business should be done by the private sector and that the country could be developed with the tax revenue obtained from them

https://www.newswire.lk/2023/03/23/president-reveals-how-public-sector-destroyed-money/

ErangaDS


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:#SriLanka's Cabinet has given 'approval in principle' for the divestment of the stakes held by the Treasury in Sri Lanka Telecom & The Lanka Hospitals Corp

Divestments will be done by the Enterprise Restructuring unit of the Ministry of Finance subject to due process.

Phase 01.  SLT  LHCL  SLIC  Sri Lankan ✈ 
Phase 02. _________ ? (People’s Group , Hotels)


Phase 01 ☑

Cabinet approval to sell shares of 7 state owned enterprises

Ministry of Finance says the cabinet has approved the divestment of shares of 7 state owned enterprises.

Sri Lankan Airlines Ltd including Sri Lankan Catering Ltd
Sri Lanka Telecom PLC
Sri Lanka Insurance Corporation Ltd
Canwill Holdings Pvt. Ltd., (Grand Hyatt Hotel)
Hotel Developers Lanka Ltd., (Hilton Hotel Colombo),
Litro Gas Lanka Ltd., including Litro Gas Terminals (Pvt) Ltd., (LPG retailing)
Lanka Hospital Corporation PLC

https://www.newswire.lk/2023/03/23/cabinet-approval-to-sell-shares-of-7-state-owned-enterprises/

K.R likes this post

Thushara Ayya

Thushara Ayya
Moderator
Moderator

Will fly from today 😊

sanjulanka likes this post

Beyondsenses

Beyondsenses
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thushara Ayya wrote:Will fly from today 😊
If tomorrow never comes  Rolling Eyes Wink Twisted Evil  majority of 6.9 million flew abroad , they might come back to save the country by 2024


Srilanka - Focus on Government controlled entities - Page 3 Vibe-710

58Srilanka - Focus on Government controlled entities - Page 3 Empty Re: Focus on Government controlled entities Sat Mar 25, 2023 12:18 pm

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

රාජ්‍ය ආයතන 400ක් පුද්ගලීකරණයට.. IMF එකගතා ඇරඹේ…

ඉදිරියේදී රාජ්‍ය ආයතන හා හාරසියයක් පමණ ප‍්‍රතිව්‍යුහගත කිරීමට සිදුවනු ඇති බව මුදල් රාජ්‍ය ඇමැති රංජිත් සියඹලාපිටිය මහතා සඳහන් කරයි.

ජාත්‍යන්තර මුල්‍ය අරමුදල කොන්දේසි මත මෙන්ම මෙම පියවරයන් ගැනීමට සිදුවන බව ද හෙතෙම පවසයි.

එමෙන්ම ඉදිරියේදී කිහිපයක් ද හඳුන්වාදීමට නියමිත බවත් හෙතෙම කියා සිටී.

ශ්‍රී ලංකා රජය ජාත්‍යන්තර මූල්‍ය අරමුදල සමග සිදුකළ සාකච්ඡාවේදීද මෙම ප්‍රතිව්‍යුහගත කිරීම් සම්බන්ධයෙන් සාකච්ඡා වී ඇත.

රාජ්‍ය සතු ව්‍යවසායන් ප්‍රතිව්‍යුහගත කරන ඒකකයක් මුදල් අමාත්‍යාංශය යටතේ ස්ථාපිත කර ඇති අතර එම ඒකකය විසින් හඳුනා ගත් රාජ්‍ය ආයතන ප්‍රතිව්‍යුහගත කිරීම අදියර කිහිපයක් යටතේ සිදුකිරීමට නියමිතව තිබේ.

මෙහි පළමු අදියර යටතේ ශ්‍රී ලංකන් ගුවන් සමාගම, ලිත්‍රො ගෑස්, ටෙලිකොම් ඇතුළු ආයෙත් ආයතන හතක් ප්‍රතිව්‍යුහගත කිරීමට පසුගියදා කැබිනට් මණ්ඩල අනුමැතිය හිමි වී තිබිණි.

ව්‍යාපාර කිරීමෙන් ක‍්‍රමානුකූලව ඉවත් වීම මෙමගින් රජය බලාපොරොත්තු වෙයි.

https://lankacnews.com/%e0%b6%bb%e0%b7%8f%e0%b6%a2%e0%b7%8a%e0%b6%ba-%e0%b6%86%e0%b6%ba%e0%b6%ad%e0%b6%b1-120%e0%b6%9a%e0%b7%8a-%e0%b6%b4%e0%b7%94%e0%b6%af%e0%b7%8a%e0%b6%9c%e0%b6%bd%e0%b7%93%e0%b6%9a%e0%b6%bb/

Ekanayake90 and LHW like this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

ECONOMYNEXT – Sri Lanka will adopt a competitive bidding process for asset sales and will shortly call for expressions of interest from transaction advisors to support the divestment program, the head of the state enterprise re-structuring unit Suresh Shah said.

https://economynext.com/sri-lanka-to-seek-competitive-bids-for-state-asset-sales-116643/

Ekanayake90 likes this post

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

SOEs to be Restructured (Lankadeepa)

https://sundaylankadeepa.pressreader.com/sunday-lankadeepa

Srilanka - Focus on Government controlled entities - Page 3 42304910
Srilanka - Focus on Government controlled entities - Page 3 82e9d710

ErangaDS and K.R like this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Ekanayake90 wrote:SOEs to be Restructured (Lankadeepa)

https://sundaylankadeepa.pressreader.com/sunday-lankadeepa

Srilanka - Focus on Government controlled entities - Page 3 42304910
Srilanka - Focus on Government controlled entities - Page 3 82e9d710



State Banks and its subsidiaries 

CSE:  People’s Bank - PINS PLC 

         BOC - MBSL

Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority. 

These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

reyaz, Ekanayake90 and K.R like this post

62Srilanka - Focus on Government controlled entities - Page 3 Empty Re: Focus on Government controlled entities Sat Apr 08, 2023 12:19 pm

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics


The Government of Sri Lanka Seeks Transaction Advisors To Assist In Divesting Selected State Owned Enterprises:

The Government of Sri Lanka (GoSL) is in the process of implementing deep economic reforms including in the State-Owned Enterprise (SOE) sector. Such reforms are intended to enhance competition, productivity and efficiency across the economy.

To implement SOE reforms, GOSL has set up the State-Owned Enterprise Restructuring Unit (SRU) under the Ministry of Finance, Economic Stabilization and National Policies (MoF). By Cabinet decision dated 13th March 2023, GoSL has mandated the SRU to divest an identified set of SOEs. To assist with such divestments, the SRU seeks to appoint reputed, qualified and experienced firms to provide transaction advisory services for the following entities

1. Sri Lanka Insurance Corporation Ltd
2. Canwill Holdings Pvt Ltd (Grand Hyatt Hotel)
3. Hotel Developers Lanka Ltd (Hilton Hotel Colombo)
4. Litro Gas Lanka Ltd including Litro Gas Terminals (Pvt) Ltd (LPG retailing)

https://www.treasury.gov.lk/web/sru/section/divestitures

ErangaDS likes this post

63Srilanka - Focus on Government controlled entities - Page 3 Empty Re: Focus on Government controlled entities Sun Apr 09, 2023 11:23 am

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

ErangaDS wrote:
Ekanayake90 wrote:SOEs to be Restructured (Lankadeepa)

https://sundaylankadeepa.pressreader.com/sunday-lankadeepa

Srilanka - Focus on Government controlled entities - Page 3 42304910
Srilanka - Focus on Government controlled entities - Page 3 82e9d710



State Banks and its subsidiaries 

CSE:  People’s Bank - PINS PLC 

         BOC - MBSL

Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority. 

These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

CSE - PINS , PLC , MBSL , HDFC 
                                                                                                       (Last 3 Months)
                   31/12/2022           06/04/2023               High:arrow_up:             Low:arrow_down:   

PINS             Rs. 19.50                   21.30                        26.20                           19 
PLC              Rs.   4.90                     7.70                          9.50                             7.10
MBSL           Rs.   3.10                     3.50                          4                                  3.40    
HDFC           Rs. 27.50                   27.50                        33.90                            25 

ErangaDS and LHW like this post

sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics

Safe approach would be to hold back investment plans until we get 1st quarter results. too much speculation right now. But on the other hand you might not get some counters at these prices. You might not know where the train you boarded may end up but what if it leads to a moutain of gold?

FOOD FOR THOUGHT

reyaz likes this post

ErangaDS dislikes this post

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Govt. extends deadline for transaction advisors’ EOIs for select SOE sale

https://www.ft.lk/front-page/Govt-extends-deadline-for-transaction-advisors-EOIs-for-select-SOE-sale/44-747642

ErangaDS and LHW like this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ErangaDS wrote:
Ekanayake90 wrote:SOEs to be Restructured (Lankadeepa)

https://sundaylankadeepa.pressreader.com/sunday-lankadeepa

Srilanka - Focus on Government controlled entities - Page 3 42304910
Srilanka - Focus on Government controlled entities - Page 3 82e9d710



State Banks and its subsidiaries 

CSE:  People’s Bank - PINS PLC 

         BOC - MBSL

Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority. 

These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

SOE Restructuring Unit to hire transaction advisors

“We are working on the commercial SOEs, which are revenue-generating and for-profit entities, which is about 130 SOEs from the total of 400 SOEs,” he said. 

He noted that some SOEs will get divested, some will remain within the government and the  non-operational ones will probably get liquidated.

Shah added that the SOE restructuring unit will do a Sell-Side Due Diligence with the help of the transaction advisors, which will help to understand the pros and cons of each SOE along with assets and liabilities while the two parties will also do a valuation and create data rooms, allowing investors to access data freely to make an informed decision

“More complex entities will take longer (time for restructuring), less complex entities less time,” he said.


https://www.themorning.lk/articles/ke2yofcTz7o08ZWtLHHg

K.R likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

CEB to be broken into 14 private enterprises – PUCSL

Norochcholai Coal Power Plant and all hydropower stations, including the Mahaweli and Luxapana hydropower stations, are among the state enterprises to be privatized.

https://www.newswire.lk/2023/05/02/ceb-to-be-broken-into-14-private-enterprises-pucsl/

K.R and Beyondsenses like this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lanka Insurance units Litro Gas, Canwill to be ‘carved out’ before divestiture

ECONOMYNEXT – Units of state-run Sri Lanka Insurance including Litro Gas, Litro Terminals and Canwill Holdings will be ‘carved out’ before diverstiture, according to information given at a pre-bid meeting of prospective transaction advisors.

https://economynext.com/sri-lanka-insurance-units-litro-gas-canwill-to-be-carved-out-before-divestiture-119564/

Ekanayake90, K.R and Beyondsenses like this post

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

SriLanka government’s divestment strategy in state owned enterprises is likely to start in June with Lanka Hospital to go through first and Sri Lanka Telecom deal is expected to be finalized by June with a Japanese firm is interested.

Srilanka - Focus on Government controlled entities - Page 3 A8da0110

ErangaDS likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

*CEO Richard Nuttall says Govt. wants to sell stake as quickly as possible
*Wants airlines to be privatised in a quarter of time

“We do know that the government wants to do it (privatisation) as fast as it can. We expect it to be in months, not years,” he added.
https://www.themorning.lk/articles/JFbPCRyHwPSo1Tqgq7dl

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

CSE listed SOEs

State Banks and its subsidiaries
*People’s Bank - PINS PLC
*BOC - MBSL

“Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority”

***These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

Ekanayake90, GOSL and K.R like this post

72Srilanka - Focus on Government controlled entities - Page 3 Empty Re: Focus on Government controlled entities Sun May 14, 2023 10:51 am

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

Process to begin in two months and be completed by year’s end

430 state institutions to be sold or restructured

The Finance Ministry has identified 430 state institutions, both loss- and profit-making institutions, for the proposed restructuring process.

The 430 entities consist of 39 corporations, 218 companies, and 173 statutory boards. The companies include 21 Regional Plantation Companies

Under the plan, some of the SOEs will be handed over to the private sector with a government regulator overseeing the process.

https://www.sundaytimes.lk/230514/news/430-state-institutions-to-be-sold-or-restructured-519640.html#:~:text=The%20Finance%20Ministry%20has%20identified,closed%20down%2C%20merged%20or%20restructured.
Srilanka - Focus on Government controlled entities - Page 3 20230510

GOSL, ErangaDS and LHW like this post

GOSL


Senior Equity Analytic
Senior Equity Analytic

ErangaDS wrote:CSE listed SOEs

State Banks and its subsidiaries
*People’s Bank - PINS PLC
*BOC - MBSL

“Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority”

***These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

EOIs will be called any day now.

ErangaDS likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Government shortlists advisors for sale of four SOEs

Sri Lanka Insurance Corporation are Asia Securities, Capital Alliance, Deloitte, PwC and CT CLSA.

For Hotel Developers, the shortlisted are Asia Securities, Capital Alliance, Platinum, Deloitte, and PwC.

For Canwill Holdings, the parties are Asia Securities, Capital Alliance, Platinum, Deloitte and PwC.

For Litro the shortlisted are Asia Securities, Capital Alliance, Platinum, Deloitte, PwC and NDB.
https://www.ft.lk/front-page/Government-shortlists-advisors-for-sale-of-four-SOEs/44-748458

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

Focus on companies which import commodity and other stuff to run their businesses.

76Srilanka - Focus on Government controlled entities - Page 3 Empty Re: Focus on Government controlled entities Sat Jun 10, 2023 12:38 pm

K.R

K.R
Manager - Equity Analytics
Manager - Equity Analytics

https://www.newswire.lk/2023/06/10/privatization-of-slt-clarification-from-the-govt/

Srilanka - Focus on Government controlled entities - Page 3 Img_2110

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

First SOE privatisation by Q4 of 2023

Unit expects to privatise the first SOE by Q4 of 2023 and that almost all proposals received for transaction advisors are a partnership between a local and international investment bank.

https://www.themorning.lk/articles/1sYL9madlPGVFzDXVaHo

Beyondsenses likes this post

ErangaDS

ErangaDS
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lanka selects privatization advisors

Capital Alliance Partners with Alvarez and Marsal has been selected for Sri Lanka Insurance.

Patinum Advisors with Colliers, for Hotel Developers and Deloitte India for Litro Gas and Canwill Holdings, the owning company of Colombo’s Hyatt building.

Sri Lanka’s state enterprise restructuring unit is expecting to start the first sell-downs in the fourth quarter of 2023.

https://economynext.com/sri-lanka-selects-privatization-advisors-124140/

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

ErangaDS wrote:CSE listed SOEs

State Banks and its subsidiaries
*People’s Bank - PINS PLC
*BOC - MBSL

“Apart from above 3 companies, Government has the control over HDFC Bank through National Housing Development Authority”

***These 4 are the only CSE listed companies, which has a controlling interest of the Government.(SLT LHCL already announced)

[size=33]SDF confirms expressing interest on SLSB[/size]

Sarvodaya Development Finance PLC (SDF) yesterday confirmed it has expressed its interest in acquiring the Sri Lanka Savings Bank (SLSB) to the Ministry of Finance, Economic Stabilisation, and National Policies. 


In its filing to the CSE, SDF said its proposal was in line with the government announcement of divestment of state-owned enterprises in its efforts of economic reforms and restructuring.


SLSB is a fully owned subsidiary of National Savings Bank (NSB) 


Srilanka - Focus on Government controlled entities - Page 3 Img_2110

Is it the time for SOEs in CSE $$ 

ErangaDS and K.R like this post

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Quibit wrote:SLT, HDFC, MBSL, LHCL, PINS, PLC

Srilanka - Focus on Government controlled entities - Page 3 Scree134
Srilanka - Focus on Government controlled entities - Page 3 Scree132
Srilanka - Focus on Government controlled entities - Page 3 Scree133

Download Link
https://drive.google.com/file/d/1rYmBMbAQVnaMDWPaxgqjkip-XXop_wSH/view?usp=sharing

K.R likes this post

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