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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Will Japan disaster hit the share market in SL?

Will Japan disaster hit the share market in SL?

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swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
Need your comments guys.

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
We needs to find out how much worth things we exports to Japan

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics
Some investors might come towards SL as there is no trouble here, elsewhere it is not very easy. Generally SL market mostly depends on local factors. growth prospect for CSE remains good and country is peaceful.

wis


Manager - Equity Analytics
Manager - Equity Analytics
It should have a negative effect.

But foreigners aren't investing in CSE directly nowadays. It could change when the share prices become reasonable with the introduction of more capital into the market through IPOs etc. Instead foreigners will directly invest in projects. See new hotels coming up or the private placements by foreign funds in companies skipping the expensive stock market.

But the biggest issue should be the conflicts in the middle east and its effect on oil prices and our foreign income through different means.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
In particular, I see a problem of Car market again.. it will get hit as new imports may halt for awhile and existing market may increase due to the demand now.. This in fact will increase the revenue for car importers shortely but the adverese effect is there're gonna get low volumes in future.. as ppl will have fear of importing cars from Japan due to flood effects.. we never know the real condition of the cars we import, are we?

wis


Manager - Equity Analytics
Manager - Equity Analytics
@wis wrote:It should have a negative effect.

But foreigners aren't investing in CSE directly nowadays. It could change when the share prices become reasonable with the introduction of more capital into the market through IPOs etc. Instead foreigners will directly invest in projects. See new hotels coming up or the private placements by foreign funds in companies skipping the expensive stock market.

But the biggest issue should be the conflicts in the middle east and its effect on oil prices and our foreign income through different means.

Ok so I got negative point for my statement.
Hope you like this. Foreign investors who were investing in Japan will look for other great markets and see Colombo stock exchange. They will start investing in CSE. Our stock prices will go up. Current downturn is directly due to IPOs. Very Happy

econ

econ
Global Moderator
I do not think it will have direct impact for CSE.
but may be for motor companies.

wis


Manager - Equity Analytics
Manager - Equity Analytics
I think percentage of exports to japan is very low in industries compared to other countries and regions. Biggest impact will be on foreign aid. I think Japan is the most generous country in the world.

But the middle east is a major issue. Foreign employment is a huge portion of our income and other exports to that region.

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Minimal impact on Lanka

Sri Lanka’s economy is unlikely to be adversely affected by the earthquake and tsunami in Japan except in debt-related issues and possibly a dip in foreign loans and aid, the Central Bank and economists said.

Central Bank Governor Ajith Nivard Cabraal said there was little exposure in key sectors with Japan and any impact, if at all there was one, would be in the country’s debt position.

“Some 1/3rd of Sri Lanka’s loans are in Japanese yen (currency). The yen has been appreciating over the years against the US dollar and that means we are paying more rupees on our loans whenever that happens. Now there is a feeling (in global markets) that there could be a blip (depreciation) of the yen at least temporarily and if that happens, it would be some benefit to our debt servicing,” he said.

According to the Central Bank’s last 2009 annual report, Japan was the highest lender with US$ 295 million for major projects in Sri Lanka with China a close second with US$ 291 million worth of loans.

Institute of Policy Studies (IPS) Executive Director Saman Kelegama said, however that Japan was Sri Lanka's biggest lender and with that country having to re-direct its financial resources for post-tsunami reconstruction work, it might reduce its quantum of loans to countries like Sri Lanka.

Veteran Japanese second-hand car dealer Berty Widanagamage said the car market was also unaffected and a shipment that was due to leave a Tokyo port on Tuesday, March 15 for Colombo was so far on schedule. “I spoke to them (agents in Tokyo) yesterday and there was no indication of any change in this schedule. Vehicle auctions are also continuing as usual on the Internet and also buyers being physically present there,” he said.

http://sundaytimes.lk/110313/News/nws_07.html

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote:In particular, I see a problem of Car market again.. it will get hit as new imports may halt for awhile and existing market may increase due to the demand now.. This in fact will increase the revenue for car importers shortely but the adverese effect is there're gonna get low volumes in future.. as ppl will have fear of importing cars from Japan due to flood effects.. we never know the real condition of the cars we import, are we?

Will this have an impact on exchange rate?? Yen is suppose to depreciate against rupee, at least for a short period of time...right

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