FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Time to buy as market has corrected itself enough: Panel

4 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin

By Cassandra Mascarenhas

Market experts last week declared that the stock market has corrected itself enough and that it is now a good time for investors to buy.

This assessment was made at an interactive forum titled ‘Share Market Volatility – Causes and Remedies’ organised by the Institute of Chartered Corporate Secretaries of Sri Lanka in partnership with the Daily FT.

“If you take the overall market, there is a bit of downside, but some stocks are very cheap right now and there are some very good value buys out there,” said CT Smith Holdings Executive Director and Chief Operating Officer Sheyantha Abeykoon.

While admitting that on the retail side people are stuck again concerning cash, Abeykoon does not subscribe to the view that there is no cash in the market, but instead that there is a certain amount of cash hoarding going on right now. LR Global Lanka Asset Management Managing Director Channa de deleted mirrored these sentiments, stating that the market is correctly priced at the moment.

“Overall, leaving out the pony or penny stocks, the market is attractive now.”
CSE Chairman Krishan Balendra said: “If you look at the top 30 or 40 stocks and look at the average P/E, it is now getting to that point where it is getting comparable to some of the regional P/Es so I wouldn’t say that the market is overvalued any longer, but at the same time when you have a downturn like this, sometimes the market tends to overreact on the downside but on fundamentals it is starting to get there.”

Brandix CFO Hasitha Premaratne commented: “On the valuation point of view, I think you really have to go stock picking, that is the way forward and there are good stocks and good companies valued at the right prices at the moment but with the ASPI in general, you have to be cautious as it is very artificial still because some crazy stocks are driving it up and down.”

Capital Alliance Holdings Managing Director Ajith Fernando said: “When you say market, I break it into two – you have the real market and the pony market. The pony market has to crash dramatically; there is no question about it. The real market is at good value now and has good stocks but it could come down a little bit more because of the overshooting effect but this is the time institutional investors need to start getting in because when it turns it gets too late and then you start chasing stocks.”

http://www.ft.lk/2011/11/15/time-to-buy-as-market-has-corrected-itself-enough-panel/

http://sharemarket-srilanka.blogspot.co.uk/

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Time to buy as market has corrected itself enough: Panel

By Cassandra Mascarenhas
Market experts last week declared that the stock market has corrected itself enough and that it is now a good time for investors to buy.
This assessment was made at an interactive forum titled ‘Share Market Volatility – Causes and Remedies’ organised by the Institute of Chartered Corporate Secretaries of Sri Lanka in partnership with the Daily FT.

“If you take the overall market, there is a bit of downside, but some stocks are very cheap right now and there are some very good value buys out there,” said CT Smith Holdings Executive Director and Chief Operating Officer Sheyantha Abeykoon.
While admitting that on the retail side people are stuck again concerning cash, Abeykoon does not subscribe to the view that there is no cash in the market, but instead that there is a certain amount of cash hoarding going on right now. LR Global Lanka Asset Management Managing Director Channa de deleted mirrored these sentiments, stating that the market is correctly priced at the moment.

“Overall, leaving out the pony or penny stocks, the market is attractive now.”
CSE Chairman Krishan Balendra said: “If you look at the top 30 or 40 stocks and look at the average P/E, it is now getting to that point where it is getting comparable to some of the regional P/Es so I wouldn’t say that the market is overvalued any longer, but at the same time when you have a downturn like this, sometimes the market tends to overreact on the downside but on fundamentals it is starting to get there.”
Brandix CFO Hasitha Premaratne commented: “On the valuation point of view, I think you really have to go stock picking, that is the way forward and there are good stocks and good companies valued at the right prices at the moment but with the ASPI in general, you have to be cautious as it is very artificial still because some crazy stocks are driving it up and down.”
Capital Alliance Holdings Managing Director Ajith Fernando said: “When you say market, I break it into two – you have the real market and the pony market. The pony market has to crash dramatically; there is no question about it. The real market is at good value now and has good stocks but it could come down a little bit more because of the overshooting effect but this is the time institutional investors need to start getting in because when it turns it gets too late and then you start chasing stocks.”

Deva


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Rapaport wrote:Time to buy as market has corrected itself enough: Panel

Market experts last week declared that the stock market has corrected itself enough and that it is now a good time for investors to buy.

That was correction upto last week. I feel more correction (blood) to come, the 2 days of this week itself corrected the ASI close to 250 points.

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Thanks for sharing.
Post duplicated.
http://forum.srilankaequity.com/t12604-time-to-buy-as-market-has-corrected-itself-enough-panel

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum