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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015

Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015

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Mr.GP

Mr.GP
Equity Analytic
Equity Analytic
Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015

Sri Lanka will impose a 25 percent 'super gains” tax on companies earning over two billion rupees in net profit, Finance Minister Ravi Karunanayake said, in presenting the interim budget 2015 to the parliament today

“Any company of which the profit exceeded 2000 million rupees will be charged 25 percent tax off its profit,” Karunanayake said.
"This will be a one-time tax. We want to share excess profits companies are making with the people."

He said there are only 35 to 40 companies which have to pay the newly imposed tax in the island.

Expert from your view !!! Please

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
All blue chip companies share prices should come down. And market also would be affected Signifcantly. Downwards. Time to buy?

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Theoretically blue chip share prices should come down by 25%

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Quibit wrote:Theoretically blue chip share prices should come down by 25%

It is only a one time tax...so according to which theory it should come down by 25% Qubit?

Pls explain

Do not create panic among investors

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If it is one-off tax there cannot be a big impact on share price for a going concern business.

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@worthiness wrote:If it is  one-off tax there cannot be a big impact on share price for a going concern business.

Yeah machan

Whoever the new person behind this Qubit profile has a childish thinking...talking nonsense..this is absurd

I had high respect for original Qubit

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit wrote:Theoretically blue chip share prices should come down by 25%
Onna awa.meya piduru gaheth ellenawa.its not 25% incease.

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@nimantha80 wrote:
@Quibit wrote:Theoretically blue chip share prices should come down by 25%
Onna awa.meya piduru gaheth ellenawa.its not 25% incease.

Now by a little while...either the entire thread will be deleted or our posts will be deleted

This is the only thing they are good at these days

Nitro 7


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This forum should get regulated by the SEC.

Then these type of manipulation will not be done..

VALUEPICK

VALUEPICK
Expert
Expert
@Quibit wrote:All blue chip companies share prices should come down. And market also would be affected Signifcantly. Downwards. Time to buy?

You are thinking outside of the box. Fortunately I have only one growth oriented blue chip in my portfolio. My portfolio has mid caps or above the size of small caps and below the size of mid caps. Companies start as small and then they becomes big. This is the time to go behind Consumer staples and some consumer discretionary stocks. Interim budget want to see growth in tea and rubber, farming, food and agriculture. Those are top areas in the economy.

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@VALUEPICK wrote:
@Quibit wrote:All blue chip companies share prices should come down. And market also would be affected Signifcantly. Downwards. Time to buy?

You are thinking outside of the box. Fortunately I have only one growth oriented blue chip in my portfolio. My portfolio has mid caps or above the size of small caps and below the size of mid caps. Companies start as small and then they becomes big. This is the time to go behind Consumer staples and some consumer discretionary stocks. Interim budget want to see growth in tea and rubber, farming, food and agriculture. Those are top areas in the economy.

Yeah absolutely correct Valuepick

She has a absurd out of the box thinking

There will be panic selling tomorrow..which will be temporary

As a experienced member she should try to better educate newcomers...instead trying to create panic among them by spreading false interpretations

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I am looking at 1 year forward earning based PER valuation. Obviously I am correct. Prices will have to dip, may not be 25%. But what should I do? Buy or sell? Pleas answer my question instead of find fault with a small error.
Smile

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is not the real Quibit! I have been in this forum for a very long time. I did contribute few posts , but I prefer staying low on this forum and being active on this site like my morning cup of coffee, everyday

And I'm telling you, this is not the quibit. The profile is hacked and been used by some other person, or Quibit is losing her sanity.

VALUEPICK

VALUEPICK
Expert
Expert
I like this forward P/E ratio. I don’t think top blue-chip performers will do well in 2015. We can expect around 10 to 20% rise. As you said they can go down too in some point. Among blue chips SPEN and CARS didn’t do well in 2014. SPEN could do well in 2015/16. On the other hand some small and mid stocks can have attractive P/E ratio. It is good time to identify them after this interim budget. We should avoid overvalued stocks including over valued blue chips. It is better to go behind value stocks now. There are plenty of value stocks in the market. Institutional investors can have different approach to market and it is better to buy winning stocks before they come to the scene.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@Quibit wrote:I am looking at 1 year forward earning based PER valuation. Obviously I am correct. Prices will have to dip, may not be 25%. But what should I do? Buy or sell? Pleas answer my question instead of find fault with a small error.
Smile
Definitely this will have a negative impact on corporates. According to the proposal it is a one off item. Short term market may come down.

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit wrote:I am looking at 1 year forward earning based PER valuation. Obviously I am correct. Prices will have to dip, may not be 25%. But what should I do? Buy or sell? Pleas answer my question instead of find fault with a small error.
Smile

I think you are not good with Economics and Politics. if you dont know dont talk. or get advise.

New government
1)Try to create 1Milion Jobs During next 6 Years.
2)new Budget amendment is give more money to people. that is good sign for money circular. in that case people can purchase more goods and services. then main company try to expand the business according to new demand. then create More jobs and they will make more profits expanding business(bcs they have to cover there own targets and market has good demand)

3)new government will put eye to manufacturing goods(maybe offer Tax Holidays). then big companies are try to invest money into that sector and take tax holiday.

4)this one time TAX. no need to Panic. its not effect to 25% share price. UNP will give more benefits (for Companies) after next election. we no need to Panic

you guys worry about 20-30 companies. but new government gave good benefits for all other 290 companies(in CSE)


EquityChamp

EquityChamp
Moderator
Moderator
The budget proposals have aimed to reduce the prices of many goods and services including electricity which will be a huge contributor to reduce inflation, reduce interest rates and thereby reduce the operating costs to any company. These are very good signs.

Only concern is the revenue proposals will have a negative impact on big companies, but not all. Ps read my thread on the analysis of the budget proposals on stock prices and the opportunities created by the same situation.
http://forum.srilankaequity.com/t40907-quick-screening-of-the-overall-impact-of-the-interim-budget-2015#253742

Happy trading coming days to all of you.

NZ BOY

NZ BOY
Moderator
Moderator
Sri Lanka to impose 'super gains' tax on company profits: Interim Budget 2015 Billio10[/quote]

CARACALLA

CARACALLA
Manager - Equity Analytics
Manager - Equity Analytics
Thanks 4 updating NZ,

NZ BOY

NZ BOY
Moderator
Moderator
Super gain tax 25% is good for small or medium capital investors

People should consider about good stocks now bcoz Already petrol and diesel price reduced.It would give good profit to most of the companies.

such as
GLAS,RWSL,ESL,VFIN,COLO,AGST,SIRA,SDB,PARQ,CFVF,MBSL,CSEC,UML,KHL,RHL,TYRE and ETC

Sponsored content


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