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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Bad news guys

Bad news guys

+13
CSE VIJAY
Jeremy
Jana
worthiness
hotstock
Avon
samaritan
Joe007
nalinrperera
Ryan Hudson
Brinthan
Gainer
jayathu
17 posters

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26Bad news guys - Page 2 Empty Re: Bad news guys Mon Feb 22, 2016 12:17 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Already market came down from last one year 20% and this is the bottom.

27Bad news guys - Page 2 Empty Re: Bad news guys Mon Feb 22, 2016 12:31 am

Jana


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

Brinthan wrote:
GMNet wrote:
Gainer wrote:Every one Keep in mind "Now No War in the Country" Growth Momentum and fastest growing economies.

There is ISIS, low crude oil prices, CHINA meltdown.. Sri Lanka seems to have drifted towards disaster during the tsunami. How deep is ASI. 5300 seem not possible.
Yes...Srilankan stock market is not only 100% depend to Srilankan economy...Only 50 %..it is depend to srilankan economy...25%...depend to world market..balance 15% depend to economic condition in southasian countries..and balance 10% depend to total asian economic situation.....

CSE normally 50 % depend on manipulators now a days market players exit from the market because of the SEC warning..and Chairman Thilak's action otherwise we don't worry about any think..

CSE up to 7000 ASI Even whole world effect by credit crunch.

28Bad news guys - Page 2 Empty Re: Bad news guys Mon Feb 22, 2016 2:35 am

Gainer


Associate Director - Equity Analytics
Associate Director - Equity Analytics

If Remove the TILAK market will move up and break ASI 7000+++

Lot of market investors and players will Re- enter to the market

2012 why market crash ????  Because of TILAK

29Bad news guys - Page 2 Empty Re: Bad news guys Mon Feb 22, 2016 3:51 am

Joe007


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If Tilak is involved fraud with ODEL ........ Must have investigated to meet the international standards. Did that happen?.
So how is he appointed again???. Imagine how foreign investors are going to trust Srilanka??? Even the head of department of fraud (SEC) .......

Guys,
I am not saying Tilak is fraud or not. But he should not have been appointed even if he is not guilty to prevent unnecessary uncertainty.

My simple question is , in what grounds are you all saying that the market has a good future specially if you believe that SEC head is fraud?????

I have already said that that CSE is going to struggle for a while until we get solid direction due to the many factors already mentioned and lack of confidence in the country. I heard a very good conversation from Very high business people who live in abroad about starting business in Srilanka. They are still saying that Srilanka is not operating with international standard. Eg fraud.....etc.....

CSE will go up only temporary not permanent....... Also current political situation in Srilanka seems to be the same story like before such as hiding fraud ....... Very bad example for foreign investors confidence.

Sajin Vas Gunawardena has started business already. What a shame what a shame..... What happened to this fraud he has involved.......
Many more but I had Enough about saying here..... It is like buying a rotten egg for breakfast....



30Bad news guys - Page 2 Empty Re: Bad news guys Mon Feb 22, 2016 8:45 am

CSE VIJAY


Manager - Equity Analytics
Manager - Equity Analytics

Joe007 wrote:Dear JAYATHU,
It is true that interest rate hike is not a good news for stock market at any time. Now interest rates are going up continuously which shows the economic instability clearly due the lack of funds available in the local and also deteriorating reserves at central bank.

The system of interest rate hike is going other side when comparing developed countries. There they increase the rate to increase the inflation. When they see the possibility of deflation they never increase also think about reducing furthermore to allow the money to flow effectively in the local economy.
But in Srilanka , interest rate hike is going upside down due th many reasons.
1) previous government's projects with no return. Such as property investment happened in Spain in a big scale.
2) too much debt for the country. So central bank have no option.
3) too much corruption and very hard to recover stolen funds from politicians like a tradition.
4) no investor confidence and SGT was a wrong idea and unacceptable. See CTC has affected very very badly specially its NAV.
5) unable to cut down imports and increase exports
6) unable to maintain the purchasing power of rupees. Normally it is good to bring down the currency to bring foreign investment , increase in exports and cut down of imports. But instability of rupees continuously make everyone stay away to avoid losses for just brining the funds into the country.
7) Srilanka economic market is very small and when comparing devaluation of rupees is too much. We can't expect too much foreign funds into the small economic market and we are still struggling.
Cool central bank's reserves are deteriorating and make everyone anxious about default. Eg - Greek Crisis.
Manymore reasons to write..

My opinion to improve
------------------------------
1) must privatise any loss making enterprises without affecting the national security.
2) must bring quick and serious judgement for those who involved corruption with the help of international to bring the country corruption free and confidence.
3) should stop any projects which are not going to give us short or medium term until economic conditions improve.
4) there are lots of corruption involved in the export and it should be tackled.
5) must bring tight law to cut down imports without any questions. See all parliamentarians want tax free permits to import vehicles. Very bad example to the nation and very selfish.
7) government should go for low interest loan to pay off higher interest loan taken by the previous government. There was a massive fraud and commission earned illegally from previous government.
Cool must lease some of its land or properties to foreign investment and must not sell free hold. They had been sold free hold many times.
9) if they can try atleast there will be a improvement then we can go next step....

If they don't improve
--------------------------
1) most investors will exit in the stock market regardless of any performance of companies. Imagine what will happen if there is a real problem in the country's economy???? I don't want to say that.... Example- Greek stock market.
2) most investors will move their wealth to safer investment due to the rate hike of interest and walk away stock market. If this happens, there will be difficult to sell our stock like now due to the lack of buyers. Then think what will happen?????
3) even investment in the financial system is also involved risk if there is a economic crisis. Also their guarantee for deposits are very low. So most people will move for safe haven investment.
4) most people don't understand that the stock market is the back bone of the country's economy. Also stock market is showing the healthy of any country's economy. Most people think that stock market is like horse race or casino in the gambling.

That is the reason the stock market is affected all the times if there is any news locally or internationally because it the back bone of the country's economy. in other way that stock market is the victim of country's economy because it is representing the country's economy.

Conclusion
---------------
As JAYATHU said,
Interest rate hike is like a cancer for country like Srilanka whether you accept it or not. The death is confirmed but don't know when.

Very good posting but only applicable to CIMA, University or other exam point of view. For our market situation you have to learn how to escape from pumping & dumping situation, Only simple demand & supply curve is enough. Don’t fear about interest high or other matters listed in your post.

1. You have to check Asian market data whether up or down

2. You have to check Europe market data up or down

3. You have to check US market data up or down

4. You have to check whether our Dear broker firms has any quantity to pump or dump

These are the main factors influencing our Market

Our broker firms are giving free pumping & dumping exercise, last week capital Trust gave us free pumping & damping exercise for JKH.w23 and for other shares other broker firms will give us but they are not charging anything for this exercise    

31Bad news guys - Page 2 Empty Re: Bad news guys Tue Feb 23, 2016 10:16 am

prabath


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

menna meka up yakooooo

32Bad news guys - Page 2 Empty Re: Bad news guys Tue Feb 23, 2016 2:59 pm

D.G.Dayaratne


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

I understand Thilak will be removed very soon

It will be good news for all



Last edited by D.G.Dayaratne on Tue Feb 23, 2016 3:01 pm; edited 1 time in total (Reason for editing : to add more)

33Bad news guys - Page 2 Empty Re: Bad news guys Tue Feb 23, 2016 3:27 pm

A+


Manager - Equity Analytics
Manager - Equity Analytics

Market volatility to continue. It is not wise to invest on borrowed funds. But it will pay rich dividends if we can invest our extra cash on growth stocks in Manufacturing, F&B and power sectors . The cash should not be required for other matters for the next two to three years. I am planning to channel all my bonus money in to stocks like PARQ, SFIN, LITE, ACL, KFP, DIST, etc.

34Bad news guys - Page 2 Empty Re: Bad news guys Tue Feb 23, 2016 4:25 pm

jayathu


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

Market reacted the way it should have when a interest rate hike is announced. Today red level was better than i expected. I thought it would have reached 50points negative today. JKH is holding the market together. 

@A+ its a good tym to collect but don't invest all your bonus money at once. I can see market further sliding down. So collect gradually on the shares you have selected. Don't buy on trading purposes, buy on long term view.

35Bad news guys - Page 2 Empty Re: Bad news guys Wed Feb 24, 2016 9:24 am

jayathu


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

Today hopefully market Will be green after bit of ray of sunshine given by ADB.

36Bad news guys - Page 2 Empty Re: Bad news guys Thu Feb 25, 2016 9:34 am

jayathu


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

yesterday it was red, hopefully today market will go up

37Bad news guys - Page 2 Empty Re: Bad news guys Thu Feb 25, 2016 9:42 am

Teller

Teller
Moderator
Moderator

HDFC offered me 11.5% now. Interest rate is going to fly again. Government has to borrow from public . further uptrend of rates can be expected.

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