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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» What will happen tomorrow?
by Kipling Today at 2:52 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 2:30 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Today at 2:21 pm

» First capital holdings CFVF.N0000
by Eranga87 Today at 1:35 pm

» The market is not out to “get” you but is just flowing along, and your position just happens to be carried along with it.
by Asoka Samarakone Yesterday at 9:57 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:01 pm

» DIPD/HAYC/HAYL
by stocknoob Yesterday at 6:55 pm

» Growing Fear
by Mr. X Yesterday at 4:55 pm

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by Wickyz Yesterday at 12:54 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by Mr. X Yesterday at 12:40 pm

» LDEV LDEV LDEV
by Eranga87 Yesterday at 10:27 am

» No trader can flee from making a mistake. It’s just that you need to be careful about not repeating your mistakes.
by Mithooshan Yesterday at 7:42 am

» SWISSTEK (CEYLON) PLC (PARQ.N0000)
by Chithi Mon Apr 19, 2021 7:45 pm

» ROYAL CERAMICS PLC (RCL.N0000)
by Jana Mon Apr 19, 2021 6:14 pm

» US dollar trading lower, euro near new high
by target1 Mon Apr 19, 2021 1:38 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Equity Win Mon Apr 19, 2021 1:23 pm

» LANKEM DEVELOPMENTS PLC (LDEV.N0000)
by Thushara Ayya Mon Apr 19, 2021 11:59 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Eranga87 Sun Apr 18, 2021 4:12 pm

» CIC HOLDINGS PLC (CIC.N0000)
by abey Sat Apr 17, 2021 9:07 pm

» Lanka Walltile PLC Investment Case
by judecroos Sat Apr 17, 2021 8:55 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Decisive Factor

Decisive Factor

Go down  Message [Page 1 of 1]

1Decisive Factor Empty Decisive Factor Mon Oct 22, 2012 6:10 pm

klpfernando


Manager - Equity Analytics
Manager - Equity Analytics
What will be the next decisive factor to push the market above 6000?
1.next budget
2.central bank bring down the interest rates
3.encouraging quarterly results
If we are lucky enough all 3 could take place in this November .what do you think?

2Decisive Factor Empty Re: Decisive Factor Mon Oct 22, 2012 6:16 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
1, Budget : Budget runs usually can happen ( not guranteed but in past 2 years there was some interest


2.central bank bring down the interest rates : I don;t think any big difference should
happen soon


3.encouraging quarterly results : Only for selected companies.

3Decisive Factor Empty Re: Decisive Factor Mon Oct 22, 2012 6:33 pm

klpfernando


Manager - Equity Analytics
Manager - Equity Analytics
slstock I really appreciate your effort to keep this forum alive .

4Decisive Factor Empty Re: Decisive Factor Mon Oct 22, 2012 6:50 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Authorities are aware of the necessity of changing fiscal policies for better economic outlook with heavy pressure from international funds.

a) Budget- it is possible to provide more concessions on export oriented enterprises & leisure sector which boost the bottom line.

b) Interest rates- Minor revisions are likely as single digit inflation is politically advantageous.

c)Quarterly results-many companies have launched painful cost cutting program that partly set off high operational & financing cost. Again, banking & leisure sector got high chance of showing good results.

Counters of which financial year ending in December with better performance may push the prices up.....those who got the opportunity for insider information would be the great winners.....





5Decisive Factor Empty Re: Decisive Factor Mon Oct 22, 2012 8:12 pm

klpfernando


Manager - Equity Analytics
Manager - Equity Analytics
Next budget-I think president is keen to see a vibrant capital market so as finance minister he could bring some proposals to help market.As worthiness mentioned exports will be encourage.At the same time they will try to discourage imports.So we should study which counters will be benefited in cse.

quarterly results-I think some exporters will show notable exchange gains in this quarter.

central bank- as slstock mentioned it could be too early to bring down interest rates

6Decisive Factor Empty Re: Decisive Factor Mon Oct 22, 2012 11:45 pm

LateTackle

LateTackle
Senior Equity Analytic
Senior Equity Analytic
Any chance of vehicle tax being reduced ?

7Decisive Factor Empty Re: Decisive Factor Tue Oct 23, 2012 12:11 am

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SL sees no need to adjust policy rates

Sri Lanka's central bank sees no need to change its policy rates in the near future and it has reduced credit growth to the desired level, Governor Ajith Nivard Cabraal said.

"Our overall policies are working in the way we had projected and wanted it to work," Cabraal told Reuters on Monday. "So I think there is no need for us to make any further adjustments in the near future."

Cabraal was speaking ahead of the Monetary Board's October meeting, on Monday, to set policy rates. The bank will announce its monetary policy stance at 0200 GMT Tuesday.

Sri Lanka raised rates twice in the first four months of the year to nearly three-year highs and imposed tough credit controls and a flexible exchange rate to deal with trade and balance-of-payments deficits from 2011.

In February, the central bank limited credit growth to a maximum of 23 percent in 2012 from 35 percent last year. In 2011, the policy of a defended rupee and lower interest rates fueled cheap credit and a huge import bill, resulting in a record trade gap.

"Credit growth has come down to the level that we had wanted. Our view is it will be resting in that exact spot we had projected," Cabraal said without giving data on recent credit growth.

Cabraal also said the central bank, which is concerned about future inflationary pressures does not need to cut policy rates at the moment.

Keeping the rate unchanged "seems to be appropriate," he said adding that the central bank is looking at 8-8.5 percent annual inflation by end-2012.
The island nation's economic growth is projected to slow to 6.8 percent from last year's record 8.3 percent due to tough policy measures and conditions in Europe, Sri Lanka's top export destination.

Early this year, the central bank had estimated 8.5 percent growth in 2013, but Cabraal said this is too ambitious.

"The global conditions are such that it would be somewhat tough to pitch for a growth of that nature. But certainly above 7.5 percent is something that we could safely work towards," Cabraal said.

He also predicted that the rupee, which has fallen 14.8 percent since a 3 percent devaluation last November, will appreciate and settle around 125 per U.S. dollar as expected earlier due to expected inflows. On Monday, it was trading around 129.75 to the U.S. dollar.

"We are seeing some fresh inflows due to come in to the stock market, property market, and FDI (foreign direct investment)," he said without elaborating on the numbers.

The governor said he believes it is "pretty realistic" to think that the rupee could settle around 125 to the dollar. (Reuters)

MONDAY, 22 OCTOBER 2012 19:00

http://www.dailymirror.lk/news/22882-sl-sees-no-need-to-adjust-policy-rates.html

8Decisive Factor Empty Re: Decisive Factor Tue Oct 23, 2012 1:41 am

Rohan Perera


Stock Trader
klpfernando
Equity Analytic

Sorry to disappoint you. None of the three points you mentioned will lift the market. An honest and a transparent regulatory regime and stable fiscal and monetary policy will help. Changing tax structures annually will not instill confidence into investors, but help attract only a few fly-by-night types looking for a laundry to clean their dirty money. No prizes for guessing the biggest black money laundry in Asia, next to Dubai.

9Decisive Factor Empty Re: Decisive Factor Tue Oct 23, 2012 2:49 am

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@klpfernando wrote:What will be the next decisive factor to push the market above 6000?
1.next budget
2.central bank bring down the interest rates
3.encouraging quarterly results
If we are lucky enough all 3 could take place in this November .what do you think?
all 3 Very Happy

10Decisive Factor Empty Re: Decisive Factor Tue Oct 23, 2012 2:33 pm

klpfernando


Manager - Equity Analytics
Manager - Equity Analytics
@Rohan Perera wrote:klpfernando
Equity Analytic

Sorry to disappoint you. None of the three points you mentioned will lift the market. An honest and a transparent regulatory regime and stable fiscal and monetary policy will help. Changing tax structures annually will not instill confidence into investors, but help attract only a few fly-by-night types looking for a laundry to clean their dirty money. No prizes for guessing the biggest black money laundry in Asia, next to Dubai.

thanks rohan.
If, not transparent regulatory regime and changing tax structures annually ,hurt investor confident so much how do we get big investment into hotel and telecom sectors.How did we get 34 billion into cse so far this year.I do agree these things hurts investors to some degree but they have better reason to come to sri lanka like
1 our location
2 best in the global ease of doing business ranking in the south asian region
3 political stability
4 well educated work force
5 better security in the region
Black money-my personal view-better we have a laundry in the country than in Dubai or in switz.

11Decisive Factor Empty Re: Decisive Factor Wed Dec 12, 2012 7:51 pm

klpfernando


Manager - Equity Analytics
Manager - Equity Analytics
so it's look like interest rates -most influential factor to CSE.

Sponsored content


Back to top  Message [Page 1 of 1]

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