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

» DIPD/HAYC/HAYL
by ADVENTUS Today at 1:11 pm

» Peoples leasing technically positive Target Price Rs 20
by Eranx Today at 11:30 am

» PEOPLE'S LEASING & FINANCE PLC
by Eranx Today at 11:29 am

» Ban of chemical fertilizers is a great news
by celtic tiger Today at 2:47 am

» "MFL" DEAL to 12 RS (multi finance plc)
by Bakka1988 Yesterday at 11:22 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Yesterday at 11:21 pm

» GLAS will be winner with Super Gain.
by Promoney Yesterday at 10:30 pm

» What happens in the market is absolutely 100% out of your control. Stock market for beginners
by Asoka Samarakone Yesterday at 9:45 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:24 pm

» Synergies of possible merger between Sampath Bank and PABC
by CHRONICLE™ Yesterday at 5:42 pm

» Japanese money laundering via PABC Bank raise CB eye brows
by Sstar Yesterday at 3:29 pm

» ACCESS ENGINEERING ( AEL.N )
by ADVENTUS Yesterday at 1:50 pm

» Prime Lands Residencies Limited (PLR)
by Nandun Yesterday at 10:42 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Captain Wed May 05, 2021 11:51 pm

» Growing Fear
by Wickyz Wed May 05, 2021 8:15 pm

» CONGRATULATIONS TO FINANCIAL CHRONICLE ON THIS 11TH YEAR
by CHRONICLE™ Wed May 05, 2021 3:31 pm

» HNB to merge with Seylan Bank?
by reyaz Wed May 05, 2021 11:37 am

» There are howmany funds in Sri Lanka?
by reyaz Tue May 04, 2021 4:52 pm

» Positive for BIL
by samaritan Tue May 04, 2021 3:33 pm

» The Introduction of COVID 19 Vaccine and CSE
by Mr. X Tue May 04, 2021 1:22 pm

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™ » DAILY CHRONICLE™ » CB’s prediction for CSE over-ambitious

CB’s prediction for CSE over-ambitious

Go down  Message [Page 1 of 1]

1CB’s prediction for CSE over-ambitious Empty CB’s prediction for CSE over-ambitious Tue Dec 18, 2012 10:10 am

sriranga

sriranga
Co-Admin
A Euromoney report suggests caution in interpreting foreign inflows into bourse

‘Given the mixed performance of some of Sri Lanka’s recent IPOs, the Sri Lankan central bank’s prediction that the stock market is set to grow to a value of 70% of GDP by 2016 could be seen as over-ambitious,’ says Euromoney Institutional Investor PLC in its Euroweek December 2012 issue titled ‘Sri Lanka in the Capital Markets.

"While the Sri Lankan bond market has very clear growth potential (see The Island Financial Review December 15), one of the more striking predictions made in a recent presentation by the Central Bank of Sri Lanka is that the stock market is projected to grow to a value of 70% of GDP when GDP reaches $100bn by 2016," the Euromoney report said.

"That is quite a statement, given that even after the explosive performance of Sri Lankan equities in 2009 and 2010, the market capitalization still amounted to just $16.3bn as of October 2012. At the end of 2011, market capitalisation was a modest 33.8% of GDP, down from 39.5% at the end of 2010.

"The chances of doubling the size of the equity market in the next four years also look ambitious in light of the chequered performance of some of Sri Lanka’s recent IPOs," the report, sponsored by HSBC, said.

"The largest of these, in November 2011, was the Rs. 7bn sale of a 25% stake in People’s Leasing, Sri Lanka’s biggest leasing company, which generated demand of Rs. 9.5bn. By November 2012, however, the shares were trading at Rs. 12.40, sharply down from the IPO price of Rs18 a share.

"Investors say that this disappointing performance was a product of external influences rather than a commentary on the fundamental strength of the company.

" ‘I don’t think the IPO was overpriced,’ says Niloo Jayatilake, fund manager at the Sri Lanka Fund. ‘The problem was that soon after the listing, interest rates rose, which made it hard for the company to meet its earnings targets. We believe the long term prospects for People’s Leasing remain bright."’

Euromoney said there are a number of promising indications to suggest potential for further growth at Colombo Stock Exchange: authorities taking stops to encourage new listings, improve free floats and improve investor awareness, the launch of the S&P SL20 and a pick up in foreign investments were listed among the positives.

"According to data published by the CSE, in the year to October 2012, foreign investors accounted for 22.7% of turnover, compared with 18.5% in 2010 and 10.9% in 2011. This year’s positive inflows need to be interpreted with caution, however, given that much of the total is accounted for by a single transaction in March. This was the acquisition by Malaysia’s state investment arm, Khazanah Nasional, of an 8.9% stake in the conglomerate, John Keells Holdings (JKH), which is comfortably the largest and most liquid quoted Sri Lankan company.

"Khazanah paid just under $120m for the stake in JKH, which gives it exposure to a group with interests in areas ranging from food and beverages to financial services, hotels and leisure, IT, property, transportation and plantations," Euromoney said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=68555



Last edited by sriranga on Tue Dec 18, 2012 11:12 am; edited 1 time in total

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

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It seems our CB is not trust by people

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
CB heavily relies on politically biased statistics not showing the pragmatic approach / methodology how to achieve such targets.

initiated development programs, funding sources & its utilization, the monitoring process are to be published rather than announcing the failure rates by the end of year 2016.

We all appreciate much the all efforts taken by CB its statutory duties undertaken in economic development process as long as such benefits are passed to ordinary people without further burden.

Sponsored content


Back to top  Message [Page 1 of 1]

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