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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » IS PRE-BUDGET FLAGGING THE MARKET?

IS PRE-BUDGET FLAGGING THE MARKET?

3 posters

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1IS PRE-BUDGET FLAGGING THE MARKET? Empty IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 1:51 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hmm.. overriding the lower resistance levels market is marching forward breaking 7000 index but slowly predicting better business environment after the budget speech. Still unknown the facts directly & indirectly hit the stock market. 

Discussions had with business circle hints that government has drawn much attention of past/present difficulties community had been facing in doing business. Observe what & how zero base budgeting presents very soon.

2IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 1:56 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

market will come down on Monday if the predicted increment on corporate tax comes into place. 

Hoping they will keep it at the same level at 28%

3IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 2:01 pm

EquityChamp

EquityChamp
Moderator
Moderator

capitallinkceylon wrote:market will come down on Monday if the predicted increment on corporate tax comes into place. 

Hoping they will keep it at the same level at 28%

28% to 33-35% won't be impacted very much.

4IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 2:15 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

More open market opportunities & monetary policies would lead corporate sector to tolerate 5% increment corporate taxes.

5IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 2:16 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

EquityChamp wrote:
capitallinkceylon wrote:market will come down on Monday if the predicted increment on corporate tax comes into place. 

Hoping they will keep it at the same level at 28%

28% to 33-35% won't be impacted very much.

Ar u serious? 33%-35% is a big impact on the economy and company as well in the short run. Most of the countries in Asia has around 30%tax. 

In the long run companies n cse should be alright, but short term there will be a dip in the CSE.

6IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 2:30 pm

EquityChamp

EquityChamp
Moderator
Moderator

capitallinkceylon wrote:
EquityChamp wrote:
capitallinkceylon wrote:market will come down on Monday if the predicted increment on corporate tax comes into place. 

Hoping they will keep it at the same level at 28%

28% to 33-35% won't be impacted very much.

Ar u serious? 33%-35% is a big impact on the economy and company as well in the short run. Most of the countries in Asia has around 30%tax. 

In the long run companies n cse should be alright, but short term there will be a dip in the CSE.
Despite short term hiccups it will be absorbed very well. We don't need to worry one week-two week fluctuations but mid term to long term view is important. Reducing government borrowings is one of the key variables for a macro economy the benefits of which will accrue to all companies.

7IS PRE-BUDGET FLAGGING THE MARKET? Empty Re: IS PRE-BUDGET FLAGGING THE MARKET? Thu Nov 19, 2015 2:44 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Yes. Settlement of debts & debt servicing cost due to foreign & local entities is the top burden. Budget should demonstrate how to cope with. That could be painful to corporate sectors & consumers as well.

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