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Global announcement&Announcement & Sticky [0]

20230129
EXPERT CHRONICLE™ Dc0dab10

A blue chip stock is a huge company with an excellent reputation. These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors. A blue chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name. For all of these reasons, blue chip stocks are among...

by DeepFreakingValue - Comments: 0 - Views: 1074
20230127
EXPERT CHRONICLE™ Scree280

Foreign Investments awaits future Losses
LOLC Holdings PLC (LOLC) foreign investments awaits future capital losses due to fall of investment value on the back of depreciating African currencies. According to recent announcement by the LOLC Holdings PLC, group foreign investments now account for more than 50% of it total assets.

Find above the Exchanges Rates of the countries LOLC has made its foreign investments.

Excessive Goodwill...

by DeepFreakingValue - Comments: 4 - Views: 2357
20230122
EXPERT CHRONICLE™ Img_2615

Hayleys PLC (HAYL) reported a Net Profit of LKR 7.15bn (EPS of LKR 5.40 per share) for the quarter ended 30th September 2022. Earnings per share (EPS) for last 12 months/TTM is LKR 37.11 per share whilst forecast EPS for the year ended 31st March 2023 expected be LKR 39.77 per share.

Hayleys PLC share is currently trading at a price of LKR 74.10 per share or Price to Earnings Ratio (PER) multiple of 2X (TTM) and 1.86X (Forward Earnings) basis respectively which is attractive in terms...

by DeepFreakingValue - Comments: 1 - Views: 1161
20230111
EXPERT CHRONICLE™ Scree134

- LOLC group lacklustre performance clearly reflects the negative Earnings per share (EPS/ttm) of its group companies despite efforts to restructure.
- LOLC owned hotels are likely to continue its losses in to FY 2023 causing financial concerns to the group.
- LOLC Financial sector performance is likely to have significant impact on the banking sector of Sri Lanka


EXPERT CHRONICLE™ Scree135

by DeepFreakingValue - Comments: 2 - Views: 1315
20230118
EXPERT CHRONICLE™ Fmxb7n10

The Sri Lanka Rupee (LKR) has depreciated against the USD by 47.69% since Jan 2022, which is why #LKR takes the 4th place in this week's #CurrencyWatchlist. LKR is the 4th junk currency in the world.
@CBSL

by DeepFreakingValue - Comments: 0 - Views: 532
20230116
EXPERT CHRONICLE™ What-i10

How Greece was able pay off its 260 billion Euro debt

* Three stage financial assistance from the EU, European Central Bank and International Monetary Fund known as the troika.
* Three successive bailout totalling some 260bn Euros between 2010 and 2018 prevented free from going bankrupt and exiting from the shared euro currency.
* Entire Timeline on the Debt Crisis of Greece -

by God Father - Comments: 0 - Views: 1033
20230113
EXPERT CHRONICLE™ Scree264

Forecast Government Revenue from the Colombo Stock Exchange in 2023. What can investors expect in return?
CSE & CDS & SEC Earns: LKR 1.17bn, Government Earns: LKR 3.12bn whilst all Stock Brokering companies expected to earn only LKR 2.03bn.

by God Father - Comments: 0 - Views: 521
20230112
EXPERT CHRONICLE™ Fmnbho10

Standard Chartered - Global Research (10th January 2023)
• We think debt restructuring could be pushed back to end-2023 due to delays in the IMF programme
• Economy is likely to contract in 2023; external sector has improved due to import contraction
• Financial-sector liquidity and solvency risks are building with looming domestic debt restructuring
• We refresh our recovery model; we now see fair value between 22 and 33 at exit yields...

by CHRONICLE™ - Comments: 0 - Views: 496
20230105
EXPERT CHRONICLE™ Z_p17-10

- All retail investors are disgusted and disappointed by LOLC group's methodology to hoodwink the minority shareholders through the purported amalgamation of NIFL and LOFC.
- Investors are likely to lodge a complain to the SEC, CSE and Central Bank regarding the manner in which LOFC & NIFL amalgamation is valued.
- LOLC group to-date has not declared any dividends to its shareholders but continue to inflate its earnings and share price through unknown foreign investments...

by DeepFreakingValue - Comments: 8 - Views: 2700
20230109
EXPERT CHRONICLE™ Scree251

by God Father - Comments: 1 - Views: 671
20230107
EXPERT CHRONICLE™ Flztyq10

The triangular relationship between researchers, stockbrokers and investors which causes stock market tension resulting in a positive or negative movement the share prices.

What is the role of a stockbroker?
Stockbrokers are individuals who buy and sell stocks and other securities for retail and institutional clients, through a stock exchange or over the counter, in return for a fee or a commission. Institutional stockbrokers work with fund managers and other...

by DeepFreakingValue - Comments: 0 - Views: 482
20230102
EXPERT CHRONICLE™ Scree122

- JKH is a fully Diversified Group but Expolanka is mainly in shipping business which is more service related. 
- Tourism business is expected to recover and boom in next 3 years but freight/transport cost which reached its peak due to pandemic continue to fall.
- JKH's Asset base is far greater than Expo due to nature of business which result in lower ROI and ROA.
- JKH share trades at a greater discount to its Book Value (BV) as against Expo.
- Foreign investors are interested...

by DeepFreakingValue - Comments: 3 - Views: 909
20230102
EXPERT CHRONICLE™ Scree123

- EXPO expected to be delisted upon purchase of shares by majority shareholders SG Holdings.
- LOFC and NIFL to be amalgamated as per CBSL guidelines by end January 2023.
- SLTL to be privatised by the GOSL as per the recent announcement in order to raise foreign funds to overcome current economic crisis.
- NIFL remains the most overvalued whilst JKH is the most under valued company among the top 10 capitalized companies.
- DIAL, LIOC and CTC majority shares continued...

by DeepFreakingValue - Comments: 0 - Views: 654
20221230
EXPERT CHRONICLE™ Scree227

The Insurance sector is dominated by six companies in terms of total assets of the sector. Out of twenty-seven insurance companies in the sector, six companies contributed to 76.7 per cent of the total assets of the sector at end June 2022. In addition, 71.1 per cent of the market share based on total assets was dominated by the long term insurance sub sector at end June 2022. High concentration in terms of institution poses additional risks as any vulnerability in a large company could significantly...

by God Father - Comments: 0 - Views: 579
20221229
EXPERT CHRONICLE™ Imrs10
Shoppers, retailers and street vendors in Pettah district in in Colombo, Sri Lanka, on Monday, Sept. 12, 2022. Sri Lanka is announcing its gross domestic product (GDP) figures on Sept. 15. (Bloomberg)

In May, Sri Lanka defaulted on its overseas debt. Amid political upheaval and human suffering, the Indian Ocean island is still awaiting a $2.9 billion rescue by the International Monetary Fund. Lacking resources to buy even essentials...

by CHRONICLE™ - Comments: 0 - Views: 516
20221214

by DeepFreakingValue - Comments: 1 - Views: 3106
20221228
EXPERT CHRONICLE™ Scree228

- Colombo Stock Exchange (CSE) Market Capitalisation declined more than 30% (LKR terms) and 61% (USD terms) during 2022.
- In Dec 2021, market cap stood at LKR. 5,489 bn (USD 27.5bn) whilst current market cap is LKR 3,888 bn (USD 10.7bn).
- During the same period LKR depreciated from LKR 200/= to current LKR 365/= against the USD Exchange Rate.
- Sri Lanka's stock market capitalisation in Dec 2022 as a% to Gross Domestic Product (GDP) was 14.86% compared to 10 year high...

by DeepFreakingValue - Comments: 1 - Views: 853
20221013
EXPERT CHRONICLE™ Fe74yy10

For decades, the International Monetary Fund has been the scourge of countries that get into economic trouble, yet its authority has never been seriously challenged. Today, this is especially dangerous. The deadly combination of inflation and food shortages is putting numerous nations on the brink of disaster. A few, most notably Sri Lanka, are already in chaos.

All too many countries are particularly vulnerable because they loaded themselves with debt during the easy-money years following...

by CHRONICLE™ - Comments: 4 - Views: 1131
20221031
EXPERT CHRONICLE™ Scree137

Domestic Debt Restructuring
DDR in Sri Lanka is complicated by the large holdings of rupee debt by financial institutions such as banks. As Sri Lanka’s banks are heavily dependent on income from coupon payments on rupee bonds (around 36% of their income arises from government securities, and this income is used to pay the interest on deposits and savings of the public), it would not be advisable to implement a reduction in the coupons. Consequent to a DDR that extends...

by DeepFreakingValue - Comments: 4 - Views: 1781
20221224
EXPERT CHRONICLE™ Scree129

by CHRONICLE™ - Comments: 0 - Views: 312
20221223
EXPERT CHRONICLE™ Scree206

Hunas Holdings PLC (HUNA.N0000) is one of the most overvalued stocks in the Colombo Stock Market. Beware and study the latest financial statements and valuation of the company before investing.
- Net Asset Value per share (NAVPS) is LKR 5.33 and Market Price (MP) was LKR 30/= per share.
- Total Assets of the group is around LKR 7.2bn whilst the market capitlization exceeds LK 25bn.
- Trading at around 6X times of the Book Value (BV).
- Loss per share...

by God Father - Comments: 0 - Views: 649
20221221
EXPERT CHRONICLE™ Img_2310

Register with FINANCIAL CHRONICLE™ and download independent equity research reports, analysis and evaluation on companies listed on the Colombo Stock Market prepared by the Pros Pro.
Visit Page: https://www.srilankachronicle.com/portal?pid=1

by CHRONICLE™ - Comments: 1 - Views: 544
20221220
DIALOG Vs SRI LANKA TELECOM - Comparative Analysis

EXPERT CHRONICLE™ Scree125

SRI LANKA TELECOM (SLTL.N0000) - Reawakening the Giant
https://www.srilankachronicle.com/t62817-sri-lanka-telecom-sltl-n0000-reawakening-the-giant

by God Father - Comments: 1 - Views: 674
20221218
Softlogic Group in a serious danger of collapse

EXPERT CHRONICLE™ Fkm7yo11

- Softlogic Holdings (SHL) - Trading suspended by CSE
- Softlogic Finance  (CRL) - Serious capital adequacy issues with CBSL

by Quibit - Comments: 6 - Views: 37551
20221213
After 8 years, the price of a JKH share has plunged by a staggering 71%. By end-2014, the market sentiment was such that investors were prepared to pay USD 1.40 per JKH share at that time. Today, investors are only prepared to pay USD 0.41 per share.

John Keells Holdings PLC (JKH.N000) share prices in comparison with the USD/LKR exchange rate fluctuation.

EXPERT CHRONICLE™ Scree270


by DeepFreakingValue - Comments: 0 - Views: 1563
20221208
EXPERT CHRONICLE™ 20181210

- Softlogic Holdings PLC (SHL) stock market trading suspended by the CSE due to non submission of accounts.
- SHL group losses exceeds LKR 4.4bn during the Quarter ended 30th June 2022.
- Net Change in the Fair Value of derivative financial instruments exceeds LKR 2bn
- Import restrictions continue to affect retail segment of SHL.
- Total SHL Group Liabilities exceeds LKR 200bn with over LKR 42bn interest bearing liabilities.
- Shareholders funds declined more...

by DeepFreakingValue - Comments: 0 - Views: 21305
20221022
EXPERT CHRONICLE™ Softlo10

SOFTLOGIC DILEMMA

- Retained Losses exceeds LKR 3.2bn with LKR 332mn loss in FY 2022
- Depositors liabilities exceeds LKR 17bn.
- Cash/Near Cash liquid assets of less than LKR 800mn.
- Decline of lease and loans receivables portfolio up to 10%
- Rights issue to raise LKR 850mn from existing shareholders in a depressed stock market conditions.
- Majority shares are held...

by DeepFreakingValue - Comments: 2 - Views: 2449
20221203
EXPERT CHRONICLE™ Sexcha10

*Exchange Rate Fixed and maintained by Governor Cabraal: USD=LKR 202/=
*Exchange Rate Fixed and maintained by Governor Nandalal: USD=LKR 363/=
*Exchange Rate at the time of Debt Default: USD=LKR 327/=
*Current USD/LKR Exchange Rate is LKR 367/=
*Exchange Rate to be Fixed by IMF: Unknown
https://invst.ly/zqha9

Historical Event/Movement
- On 5th of April...

by DeepFreakingValue - Comments: 0 - Views: 644
20221119
EXPERT CHRONICLE™ Scree171

Billionaire Subaskaran Allirajah owned Serendib Engineering Group PLC (IDL.N0000) and Dato Vijaya Eshwaran owned Asia Capital PLC (ACAP.N000) faces serious loss of capital and potential insolvency in Sri Lanka as per the latest quarterly results for the 30th September 2022 released by the respective companies.

Subaskaran Allirajah
Subaskaran Allirajah is a British-Sri Lankan Tamil entrepreneur. He is the founder and chairman of Lycamobile, a telecommunications...

by God Father - Comments: 1 - Views: 1335
20221110

by CHRONICLE™ - Comments: 0 - Views: 571
20221103
EXPERT CHRONICLE™ Glove-Malaysia_20200711122335_bloomberg_2_14

https://www.theedgemarkets.com/article/glove-makers-advance-covid-lockdowns-expected-worsen-china

KUALA LUMPUR (Oct 31): Shares in glove makers advanced in the mid-morning on Monday (Oct 31) against the backdrop of China intesifying lockdowns in several cities on resurging coronavirus...

by ResearchMan - Comments: 2 - Views: 637
20221029
Shipping Rates are on the decline
Simply remarkable: shipping rate for 40-ft container from Shanghai to Los Angeles has slipped below long-term average (going back to 2011, full series), putting to bed notion that shipping rates are still elevated relative to entire pre-pandemic era

EXPERT CHRONICLE™ Fgj3kr10


Latest Valuation/Earnings Update
EXPERT CHRONICLE™ Screen57

by ChooBoy - Comments: 2 - Views: 974
20221025
EXPERT CHRONICLE™ 833978_Wallpaper2_1666609220398_1666609220398


Oct 23, Colombo: Sri Lanka will hold discussions with a team of Disneyland officials next month to build South Asia’s first Disneyland in Hambantota.

A team from Disneyland has agreed to travel to Sri Lanka in November to discuss opening the first Disneyland in South Asia in Hambantota, according to local media reports.

State Minister of Tourism Diana Gamage earlier said that officials...


by samaritan - Comments: 1 - Views: 417
20221022
NCPI based headline inflation recorded rise to 73.7% on year-on-year basis in September 2022. Future direction of the Non food Sector inflation is a cause for concern.

Seasonal demand for clothing, housing and recreation are likely to cause further increase in non food sector inflation causing overall rise of inflation in the next quarter.

EXPERT CHRONICLE™ Screen42
EXPERT CHRONICLE™ Screen43

by DeepFreakingValue - Comments: 1 - Views: 395
20221021
Colombo-based research house First Capital Research (FCR) said Sri Lanka would be able to cut its Balance of Payment (BoP) deficit to roughy a quarter of last year’s levels by the end of 2022 before flipping into a surplus next year on gradual recovery in external sector conditions supported by the narrowing trade deficit, other services inflows and unlocking of multilateral and bilateral funding. 

Sri Lanka also may not have much foreign debt repayments to be made in the...

by ErangaDS - Comments: 1 - Views: 579
20221004

- OPEC + to reduce crude oil supply to record level since covid 19 Pandemic.
- Banking Crisis re Credit Suisse/Deutsche Bank
- LIOC dropped because of reduction in...

by DeepFreakingValue - Comments: 22 - Views: 3033
20221020
Declining earnings expectations drives Lanka IOC (LIOC) share price below LKR 200/=.
LIOC forecast earnings based on the movement of Crude Oil Prices and historical GP Margin shows a lower earnings for the September quarter.

EXPERT CHRONICLE™ Lioc10


by DeepFreakingValue - Comments: 0 - Views: 548
20221019
EXPERT CHRONICLE™ Ffznsg10

The proposed amendments to the Inland Revenue Act No. 24 of 2017 will seek to end the three-year concessionary taxation rate granted to 14 companies listed on the Colombo Stock Exchange (CSE) in 2021.

- Concessions originally promised for three years after IPO
- Concessionary rate 14%, new rate 30%
- Changes to be effected through Inland Revenue Act

Speaking at a webinar held yesterday (18) by the Ceylon Chamber of Commerce (CCC), he said that...

by DeepFreakingValue - Comments: 0 - Views: 325
20221018
EXPERT CHRONICLE™ Slide_10

Banks are susceptible to a range of risks. These include credit risk (loans and others assets turn bad and ceasing to perform), liquidity risk (withdrawals exceed the available funds),  and interest rate risk (rising interest rates reduce the value of bonds held by the bank, and force the bank to pay relatively more on its deposits than it receives on its loans).

Banking problems can often be traced to a decrease the value of banks’ assets. An deterioration in asset values can...

by ChooBoy - Comments: 0 - Views: 580
20221017

by CHRONICLE™ - Comments: 0 - Views: 377
20221009
EXPERT CHRONICLE™ 16245610

The Sri Lankan Government will impose a tax on companies in the export sector of up to 30% from 1 November onwards, as part of the staff-level agreement reached with the International Monetary Fund (IMF), revealed the Committee on Public Finance (COPF).

Accordingly, the Government is set to introduce new tax reforms under the Inland Revenue Act, which will tax export-sector companies between 0% and 30%, increasing the current tax rates of 14% on businesses exporting goods and services...

by ChooBoy - Comments: 1 - Views: 681
20221008
The Minister of Finance recently presented budget proposals for the remaining months of 2022 that include tax measures.
EXPERT CHRONICLE™ 183dbc2e04641489c20d3da59cb68f3c_XL

Find below the latest Tax proposals that will have significant impact on future corporate profitability and stock valuations in 2022/23

Regarding direct taxes, the budget proposes:
- An increase in the standard corporate income tax rate to 30% (from 24%)—effective 1 October...

by CHRONICLE™ - Comments: 0 - Views: 391
20221006
EXPERT CHRONICLE™ Untitled-design-6

In the months leading up to Sri Lanka’s presidential election in November 2019, leading candidate Gotabaya Rajapaksa spoke about the need for leaders to implement policies without arguing about the law. It was important simply for politicians to understand national needs and to address them through national policies. He was speaking before a gathering of the Viyath Maga, an association of professionals from various walks of life who had pledged...

by CHRONICLE™ - Comments: 0 - Views: 345
20221006
EXPERT CHRONICLE™ Image_b9bb549ac8
 
  • [b]Study among other aspects will assess impact on credit quality amidst economic crisis and high interest rate environment[/b]

  • [b]Overall banking sector credit to Government, SOEs and private sector outstanding amounted to Rs. 13 trillion as of end August 2022[/b]

  • [b]Financial...

by DeepFreakingValue - Comments: 0 - Views: 406
20221005
EXPERT CHRONICLE™ Inflation-protest-lead
A protest againsy inflation in Buenos Aires. Argentina recorded an annual inflation rate of 78.5 per cent in August, the highest in 30 years. AFP

A global inflation crisis is plaguing the world, triggered by the war in Ukraine, the threat of energy shortage in Europe, supply-chain...

by CHRONICLE™ - Comments: 0 - Views: 605
20220923
EXPERT CHRONICLE™ Oil-refinery-plant-at-twilight-picture-id1296498892?b=1&k=20&m=1296498892&s=170667a&w=0&h=emdCFKIW_sx_HstwTCwkdTlYaV24O6KOXzQuDy7gc0Q=


During an event held in Colombo on Saturday to celebrate 20 years of Lanka IOC operations, Power & Energy Minister Kanchana Wijesekera said the government has invited the Company to set

by samaritan - Comments: 0 - Views: 432
20220923
EXPERT CHRONICLE™ Fortuneindia%2F2022-09%2F4bcf3ada-a910-4e17-ad25-458d45387f52%2FGettyImages_165046493_2


[size=20]India is on course to become the world’s third-largest economy after the U.S. and China by 2030 on rapid population growth and healthy manufacturing sectors, says a report. As per the updated estimates of the International Monetary Fund (IMF), India has overtaken the U.K. to become the world’s fifth largest economy at market exchange...

by samaritan - Comments: 0 - Views: 370
20220916
EXPERT CHRONICLE™ Keells-Waterfront-project-by-Balmond-Studio-00

The new legislation opening up the casino industry to new entrants as exclusively reported by the Daily FT yesterday boosted investor sentiment on top blue chip John Keells Holdings (JKH) and Group companies. 

JKH ended with a gain of 8.6% or Rs. 12 to Rs. 151 while John Keels Hotels (+8.2%) and Asian Hotel Properties...

by samaritan - Comments: 1 - Views: 646
20220907
https://www.scbeic.com/en/detail/product/2987


The market outlook for rubberwood exports is bright thanks to an increasing supply, as well as demand, especially from China, where the furniture industry is growing. Thai rubberwood is competitive in the global market due to its price and quality. EIC sees increased potential for the local production of rubberwood furniture and other wooden products. Both the public and private sectors should join hands in research and development of new rubberwood...

by ResearchMan - Comments: 0 - Views: 323
20220907
EXPERT CHRONICLE™ Naseer-Ahamed

Environment Minister Naseer Ahamed initiates talks

Special Envoy of President Ranil Wickremesinghe to the Kingdom of Saudi Arabia (KSA), Environment Minister Naseer Ahamed has entered into discussions with the Saudi government, seeking Riyadh’s collaboration with Colombo, for a five-year credit line of US $ 6 billion per annum for the supply...

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