Guys i was just going at these posts,
If you study the asian market sri lanka was depending on tea and rubber since it obtained it freedom 1948, where the plantation sector performed well, and had good revenue and growth with good profits,
further towards the millennium it brought us revenue trough it overseas recruitment market from the working capital from countries like dubai and qatar,
Still we couldn't beat Singapore and Malaysia even though they were behind us in 1982.
the main reason for this was not only the war factor but the governments not making clear decisions towards the future,
If you look at Malaysia today it has reached it highest price for its oil palm,(http://www.palmoilhq.com/PalmOilNews/malaysias-palm-oil-industry-contributed-export-revenue-of-rm49-6-billion-last-year/)
49.5 billion market value with highest price paid for it palm oil shares,
When people started growing palm trees instead of rubber and tea even when the global market paid well for tea and rubber still Malaysia was growing palm tress,then the world was laughing at malaysia at that time when there was a good market for tea and rubber saying whats wrong with this people?
If you look at India it has reached its highest revenue trough IT sector,(www.thaindian.com/.../indian-it-exports-to-touch-50-billion-despite-meltdown_100314786.htm) where it is almost to touch 50 billion dollars during its last year,
This was a similar story too, when the government identified Bangalore as Indian IT HUB people started laughing saying what IT that Indians know when they don't have money to eat?
But today The world’s largest software products company Microsoft Corp. wants India to be among its top five revenue generators globally within the next three-five years.while Indian software market grows 18%
we were looking at what we had those days such as tea and rubber,
change your selfs and look at the future potentials, avoid fighting for a stock just because its coming down by 4 to 5 rupees look at the future, think of the future so that we could beat Malaysia one day,
think of your investment for the future not short time profit, when Malaysians planted oil palms they had to stay for 5 years to gain profit not like tea which had a yield in two ears but still they waited and they won finally while we lost at looking at quick profits,
today we have started IPO business after all and even palm oil sites could be seen in nakiyadeniya areas around galle and two palm oil factories in sri lanka finally,
BPO and software industry is coming up finally in sri lanka with so much of difficulties, and now we can hear the BPO word at-least and Software word finally in some news papers and in some articles
government (ICTA) has been making revolution with time in sri lanka such as bringing in IT industry to the country now
What i wanted to say is when there was opportunity we never looked at the future like Malaysia and India,
But today the government is setting up or coming up with a vision and that is the tourist industry in Asia and the IT hub in sri lanka,
We know that out of the five hubs, it is the knowledge hub that has progressed the most so far,
The 5 hubs would be
Infrastructure (IT) HUB
Investment HUB (the Colombo stock market)
if you look at the future of our country we should not be fighting towards a stock, or for a variation of a price or a manipulation its all identifying the future potential and the value of a stock and educating each other the value of that share,
Remember Malaysia, Singapore and most of the Asian countries such as even Maldives were behind us, but today we are behind them since we did not identify the value of future demand and growth sectors, its not our fault but there were no people to educate us to look at the future
Today trough this forums we see ideas coming up and people looking at the future and educating us yet we seems to put them down and under estimate, well i don't say to avoid your opinion or your comments but don't take the other person as a manipulator or a betrayer since we have to respect others, people who looked at the future potential won such as japan identifying the value of transportation india the value of
IT Malaysia the value of palm oil, etc.....
We as a country the young generation we should look at the future and invest and not fight or ague due to a slight price change or a poor performance report, let us work as a team as one country one community and let us identify the future potential value stocks may be it could be IT sector Hotel Sector etc.......
when we do fight and put the momentum and the moral down of people they intent to trow there shares for dirt cheap price so that the foreign buyers who see the potential of share grabs it and we as sri lankans lose our profits while they be rich
this what happen to our country we always tried to ague and put some one down look at the politics today a nice example, instead of them working together they keep on arguing finding faults and putting each other to there trash bin
We as sri lankans let us change our attitudes as a community let us identify the value stocks, let manupilators be there and day traders be there we as investors should learn the future value of our shares that we have invested,
Remember TAFL was 17/- six months ago, today 250+ Did any one Identify?
Remember GRAN was 65, glass was 2/- while bfl was 40 when i entered to the market just one year back and today almost all the shares gone up by 10 times and more
at that time no one was there to teach us how to identify a value stock how to identify a good report we just went behind the crowd and invested in greg and dpl but today the community is much educated and much advance, those days we never heard of EPS, we never heard of assets , ratios, trends , growth rates etc,,,,,
but let not this happen to our future investors since they our the people who takes our country to the world and let us be an example to our young investors,
all the best guys
Have a great trading week
Just my thought correct me if im wrong,
Last edited by sirimevan on Mon Feb 07, 2011 6:38 pm; edited 1 time in total