There's no smoke without fire
Reuters report linked JKH’s dip to the speculation that its cargo handling unit at the Colombo port will be taken over by the state after last week’s assets acquisition bill.
What's this new story?
Shares of Distilleries Company of Sri Lanka PLC and United Motors Lanka PLC also fell 0.6 percent and 1.37 percent respectively on takeover fears.
Now UML has included in the speculative take over list. Is UML an under-performing company?
I wish these are unfounded rumours.