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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Port City !

Port City !

+4
VALUEPICK
lossorgain
Teller
Mr. Belfort
8 posters

Go down  Message [Page 1 of 1]

1Port City ! Empty Port City ! Thu Sep 17, 2015 11:07 pm

Mr. Belfort

Mr. Belfort
Manager - Equity Analytics
Manager - Equity Analytics

Sep 17, 2015 (LBO) – Sri Lanka’s cabinet has approved extending the much talked Colombo port city development project agreement for further six months, the government said.
The agreement signed between the government and the relevant project company, CHEC Port City Colombo (Pvt) Ltd, on 16th of September 2014 expired on 15th of this month.
The proposal made by Arjuna Ranatunge, the minister of ports and shipping, to extend the above agreement for further 06 months from 15-09-2015, was approved by the Cabinet of Ministers.
The 1.4 billion US dollar Chinese Port City is to be constructed between the Southern edge of the new Colombo South Port and the Fort Lighthouse.
The total area of sea to be reclaimed is 252 hectares.
In a recent interview with LBO, the builders of Sri Lanka’s Chinese-funded port city project said discussions are still ongoing but in a positive direction.
The new regime suspended the project in March this year due to a pending investigation report.

2Port City ! Empty Re: Port City ! Thu Sep 17, 2015 11:50 pm

Teller

Teller
Moderator
Moderator

I think this project will start in next year.

3Port City ! Empty Re: Port City ! Fri Sep 18, 2015 12:03 am

Mr. Belfort

Mr. Belfort
Manager - Equity Analytics
Manager - Equity Analytics

I too think so. Sri Lanka is in no place to challenge those yellow skinned. We are in fact already owned by them.

4Port City ! Empty Re: Port City ! Fri Sep 18, 2015 8:36 am

lossorgain

lossorgain
Manager - Equity Analytics
Manager - Equity Analytics

AEL might go up if this starts I guess. Not promoting anything but stating my idea. So might be a good time to collect some as it's at a low.

5Port City ! Empty Re: Port City ! Fri Sep 18, 2015 9:55 am

Mr. Belfort

Mr. Belfort
Manager - Equity Analytics
Manager - Equity Analytics

yup...at 25 it's holding grounds.

6Port City ! Empty Re: Port City ! Fri Sep 18, 2015 10:44 am

VALUEPICK

VALUEPICK
Expert
Expert

We should see next uptrend in AEL in the remaining stages of current bull market.


There will be infrastructure development in frontier markets like Sri-Lanka in the coming years. Therefore construction companies (infrastructure development companies) will have more businesses.

7Port City ! Empty Re: Port City ! Fri Sep 18, 2015 2:44 pm

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Any idea probably when they will start this project...?
May be yearly next year..?

8Port City ! Empty Re: Port City ! Mon Sep 21, 2015 1:16 pm

Mr. Belfort

Mr. Belfort
Manager - Equity Analytics
Manager - Equity Analytics

they have to take a decision within next 6 months as the extension is valid only for 6 months.

9Port City ! Empty Re: Port City ! Mon Sep 21, 2015 1:39 pm

samaritan


Moderator
Moderator

Minister Champika Ranawaka to Xinhua (official press agency of China)

Quote:

"The project would continue as a part of the govt's Megapolis Plan and they were addressing environmental, legal and social issues. We are positive the project will continue".

(source: 'Daily Mirror' of 19th September 2015)

10Port City ! Empty Re: Port City ! Mon Sep 21, 2015 1:55 pm

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Mr. Belfort wrote:they have to take a decision within next 6 months as the extension is valid only for 6 months.
It seems the counter will be around Rs.24-Rs.25 for next six months.. Sad Sad Sad

11Port City ! Empty Re: Port City ! Mon Sep 21, 2015 2:54 pm

samaritan


Moderator
Moderator

Dhehan wrote:
Mr. Belfort wrote:they have to take a decision within next 6 months as the extension is valid only for 6 months.
It seems the counter will be around Rs.24-Rs.25 for next six months.. :( :( :(

It may not take that long. Minister's optimism has some basis.Port City ! Icon_lol

12Port City ! Empty Re: Port City ! Wed Dec 16, 2015 8:50 am

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Good News for construction sectors

http://www.ft.lk/article/509057/Port-City-EIA-says-no-coastal-erosion

13Port City ! Empty Re: Port City ! Wed Dec 16, 2015 9:40 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Dhehan wrote:Good News for construction sectors

http://www.ft.lk/article/509057/Port-City-EIA-says-no-coastal-erosion

After 8th of January 2015 mother nature / God has decided to discontinue Coastal Erosion in any place in this land.

So so Cheena can cume back and spread his chinese noodles in Sea lanka and give us much needed forine karansi.

14Port City ! Empty Re: Port City ! Thu Jan 28, 2016 1:31 pm

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

What is the latest update on this project? is it worth holding AEL any further?

15Port City ! Empty Re: Port City ! Thu Jan 28, 2016 1:56 pm

troy

troy
Moderator
Moderator

hold it Dehan. Feb  alien

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