FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» SEMB SEMB
by RJ1010 Today at 12:21 am

» Leading brokers causing market downturn
by dhanushkacse Yesterday at 10:18 pm

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Nishan Cooray Yesterday at 9:42 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Trading Jockey Yesterday at 6:56 pm

» NATIONS TRUST BANK PLC (NTB.N0000)
by chathura123 Yesterday at 3:53 pm

» UNHCR Fear is over 21 countries speak for us only 15 against
by Vishwanarth Yesterday at 11:14 am

» Daily Foreign Transactions
by Mithooshan Yesterday at 7:31 am

» SOFTLOGIC HOLDINGS PLC (SHL.N0000)
by suku502 Yesterday at 12:58 am

» DFCC will be receiving Rs.594,538,285.50
by Wonderer Fri Feb 26, 2021 7:49 pm

» UNHCR එකේ ලොකූ ටෝක දැම්මට සමහර ඔස්තාර් ලා කියන ආර්තික සම්භාදක අරවා මේවා මුකුත් එන්නේ නැ
by Vishwanarth Fri Feb 26, 2021 6:27 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Fri Feb 26, 2021 9:45 am

» GLAS will be winner with Super Gain.
by Eranga87 Fri Feb 26, 2021 2:00 am

» If you are one of those people who can sleep at night while someone else is in control of your destiny, then my advice would be to only invest in stocks
by Asoka Samarakone Thu Feb 25, 2021 9:58 pm

» Price prediction on GRAN and TAFL
by Bakkabwoi Thu Feb 25, 2021 6:22 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Vishwanarth Thu Feb 25, 2021 2:54 pm

» Bullish sentiment returns with market regulator's assurance
by Vishwanarth Thu Feb 25, 2021 2:52 pm

» DIPD/HAYC/HAYL
by Wickyz Thu Feb 25, 2021 1:19 pm

» Chart 25.02.2021
by stockback Thu Feb 25, 2021 12:41 pm

» is it a good time to sell expo shares
by Kipling Thu Feb 25, 2021 8:39 am

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by agentnrox Thu Feb 25, 2021 8:13 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » 8 Finance companaies to be closed very soon

8 Finance companaies to be closed very soon

Go to page : Previous  1, 2

Go down  Message [Page 2 of 2]

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:
@Uaecoindubai wrote:Sri Lanka banking & finance sector has granted approx 300 billion loans,leases for hotel , entertainment sector , just think if the sector negative due to current tragedy disaster , repayment is a questionable ???. we will see very negative growth additional to current pressure
Its clear that you are an agent of the 'DIASPORA' who wants to create panic & chaos even long before the bomb blasts. In other words you are a master blaster for the diaspora.

Most nations have gone thro' or going thro' disasters and tragedies. But life goes on, its not the end of the world. If you start thinking about an earth quake in Dubai you will not be able to work there.
Very Happy Very Happy Very Happy Laughing Laughing Laughing bom bom bom

samaritan


Moderator
Moderator
@Uaecoindubai wrote:Gents, be alert, there are 8 financial companies are in red zone .  if you have any deposit pull it out or diversify to banks
Does your red zone list include the following financial institutions???

Kanrich Finance
COCR
Nation Lanka
PABC

Uaecoindubai


Manager - Equity Analytics
Manager - Equity Analytics
1/4 is there , that one is no risk to CSE investors

Uaecoindubai


Manager - Equity Analytics
Manager - Equity Analytics
Finance companies day by day towards to red zone , its amazing good companies like ALLI.N000 also towards to negative

Uaecoindubai


Manager - Equity Analytics
Manager - Equity Analytics
GENTS/LADIES be careful , your money may deposit one of above companies. Today Sampath bank directors have decided to liquidate MTD walkers subsidiary around 675 Million. be careful more with financial companies

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
https://cdn.cse.lk/cmt/upload_report_file/443_1556790537905.pdf

SEYB Q1 result is good.They managed well impairment cost as well.We could expect better result from good companies in financial sector. Very Happy Very Happy Very Happy

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
Im not talking about Banks here except idiot SDB

Teller

Teller
Moderator
Moderator
Mangala Samaraweera agreed that some business has faced hard time so government support/assistance is needed. Smile))))


_________________




Teller said is said..

samaritan


Moderator
Moderator
@Teller wrote:Mangala Samaraweera agreed that some business has faced hard time so government support/assistance is needed. :)))))
Mangala's statement is nonspecific and covers a wider spectrum of business sectors.


_________________




The biggest risk in life is not taking any risk at all.

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
How is LOLC.........??????? Reports are good!!!!!

wisdom79

wisdom79
Vice President - Equity Analytics
Vice President - Equity Analytics
You better to mention the 8 companies namely. Otherwise all the other companies will be in trouble.

So please reveal them for the survival of the other best companies because of thieves.

Teller

Teller
Moderator
Moderator
In this situation if i write also problem not also. Its better you feel the companies. In simply study the companies


_________________




Teller said is said..

Teller

Teller
Moderator
Moderator
Most of the companies average profit down by 30%-50% QOQ against same quarter in last year. i hope this will continue gradually & Cash position will be much negative & bad doubtful debt will be double


_________________




Teller said is said..

samaritan


Moderator
Moderator
Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe.


_________________




The biggest risk in life is not taking any risk at all.

Teller

Teller
Moderator
Moderator
"Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe." -Agree with you , but next scenario will be applied . Its MINIMUM PUBLIC FLOAT. In future minimum public float will be mandatory requirement of any listed company . of course they have to distribute the ownership. as example bank 10%. same like finance companies to be adjusted to minimum float as guided by IMF earlier


_________________




Teller said is said..

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@Teller wrote:Most of the companies average profit down by 30%-50% QOQ against same quarter in last year. i hope this will continue gradually & Cash position will be much negative & bad doubtful debt will be double
How is your dream AFSL, which you were promoted extensively in year 2016

Teller

Teller
Moderator
Moderator
My analysis are based on reports , in simply fundamentals ,technical s and the PESTEEL factors .AFSL did a massive manipulation by influencing external auditors . as usual we believes auditors opinion . but AFSL auditors have mislead us same like Sathyam Computers in india. fundamental manipulation plus creating fake technical s (Pumping to buy @ market) got us mislead.


_________________




Teller said is said..

MeshLk


Stock Analytic
Stock Analytic
@Teller wrote:"Finance Companies that are backed by Banks (Wholly owned or subsidiary) are safe." -Agree with you , but next scenario will be applied . Its MINIMUM PUBLIC FLOAT. In future minimum public float will be mandatory requirement of any listed company . of course they have to distribute the ownership. as example bank 10%. same like finance companies to be adjusted to minimum float as guided by IMF earlier
https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/laws/consultation_papers_20190516_Introduction_of_Ownership_Limits_of_the_Licensed_Finance_Companies_e.pdf
see page 4 (Point 7), current recommendation per draft consultation paper - is to exempt such LFCs

Teller

Teller
Moderator
Moderator
Teller =uaecoindubai ,
By reffering to latest books, most of the companies quality of loan books are in red zone.


_________________




Teller said is said..

samaritan


Moderator
Moderator
The country is also in red zone!


_________________




The biggest risk in life is not taking any risk at all.

Teller

Teller
Moderator
Moderator

It was predicted by Teller...its happening now

Bad loans at Sri Lanka's banks had risen 64 percent in the first quarter of 2019, the worst since 2013 when gold-backed loans went bad, leaving lenders with thinner capital buffers, Fitch Ratings said.

But banks were also facing difficulties raising capital.

"Weaker asset quality and earnings will add to pressure on capital, and many small and medium-sized banks still need to raise equity capital to meet enhanced regulatory capital requirements by the end of 2020," Fitch Ratings said.

"However, they face execution risks since recent rights issues by Sri Lankan banks have been significantly undersubscribed, with investors deterred by macroeconomic instability.

"Our outlook for the sector remains negative."

Non-performing loans had risen to 3.4 percent by end 2018 from 2.5 percent by 2017.

Sector net profit had fallen 9 percent with impairment charges doubling.

"In addition, a debt-recovery levy imposed in late 2018 will push effective tax rates higher, further squeezing profits," Fitch said.

Small banks had higher bad loans Fitch said. Impaired loans to gross loans at small banks had climbed to 7.4 percent by end 2018.

At larger banks it was 6.9 percent, Fitch said.

"Sri Lanka's small and medium-sized banks are under the greatest pressure," Fitch said.

"Their capital buffers are thin due to aggressive loan growth, muted earnings and rising credit risks, and their predominant exposure is to the retail and SME segments, which we believe are more vulnerable to economic downturns."


_________________




Teller said is said..

chathura123


Manager - Equity Analytics
Manager - Equity Analytics

SDB

Equity members please pass this message to innocent people.
Not deposit money with SDB ,if they are showing good books .will be collapse like ETI.money deposited with this using as one of popular family in this company.
So don't get into this trap .
Remove your deposits as soon as possible and deposit them trustworthy banks.
This is inside information.
Don't Look at books .they are misleading

Teller

Teller
Moderator
Moderator
Agreed with chathura, SDB recently baught online payment application by spending 200 million around i believe ,known as UPAY . We have to check this deal . Im not having mluch data. If any one has update please


_________________




Teller said is said..

Teller

Teller
Moderator
Moderator
Please add to TKS finance (as per latest info kurunegala branch was sealed by central bank,) While sinhaputhra is on red alert. So another 4 remaining. Remember Tellers raidar system is on. I said this 6 months ealier. Depositers be careful.

samaritan


Moderator
Moderator
United National Finance (UNF Ltd) headquartered in Kotte got the bond dealership and overcame their crisis in 2015 & now financially very strong.8 Finance companaies to be closed very soon - Page 2 Icon_lol


_________________




The biggest risk in life is not taking any risk at all.

Sponsored content


Back to top  Message [Page 2 of 2]

Go to page : Previous  1, 2

Permissions in this forum:
You cannot reply to topics in this forum