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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CONSTRUCTION SECTOR

CONSTRUCTION SECTOR

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1CONSTRUCTION SECTOR Empty CONSTRUCTION SECTOR Fri Jan 16, 2015 1:43 pm

Teller

Teller
Moderator
Moderator
I feel the new government may not pay much attention to investing in infrastrure projects in recently. We have enogh high ways,railways,airports,harbours at the moment.the only thing is we should manage these assets wisely. How ever we want more hotel rooms to cater two million tourists which the hotel industry is expecting 30 percent annual growth. The new government will go for manufacturing,trading,agree business more than huge capital projects.they will increase efficency of government service as almost started. They almost set off to ecnomic development ministry. There should be a programme to streghtn family income like mr.premadasa did. He built hundreds of garment factories and laks of families are benifited. It created quality and ,safety,work environment for women. Unless that this will be another philipine or thailand at the moment. New government should do more studies to produce some thing by using raw materiaks. Like loadstar uses rubber and make tyres.we want to make giants like loadstar.this srilankan company is going to list canadian stock exchange. CEYLON electricity board is waiting till loadstars electricity bill payments which can be coverd ceb salary. So lets suggest to produce some thing rather than sending as raw metirials. We can have much profit by exporting some thing while earning a good will as ,Made in SRI LANKA,,,,,,,ur ideas r welcome

011179 likes this post

2CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jan 16, 2015 1:52 pm

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
@Teller wrote:I feel the new government may not pay much attention to investing in infrastrure projects in recently. We have enogh high ways,railways,airports,harbours at the moment.the only thing is we should manage these assets wisely. How ever we want more hotel rooms to cater two million tourists which the hotel industry is expecting 30 percent annual growth. The new government will go for manufacturing,trading,agree business more than huge capital projects.they will increase efficency of government service as almost started. They almost set off to ecnomic development ministry. There should be a programme to streghtn family income like mr.premadasa did. He built hundreds of garment factories and laks of families are benifited. It created quality and ,safety,work environment for women. Unless that this will be another philipine or thailand at the moment. New government should do more studies to produce some thing by using raw materiaks. Like loadstar uses rubber and make tyres.we want to make giants like loadstar.this srilankan company is going to list canadian stock exchange. CEYLON electricity board is waiting till loadstars electricity bill payments which can be coverd ceb salary. So lets suggest to produce some thing rather than sending as raw metirials. We can have much profit by exporting some thing while earning a good will as ,Made in SRI LANKA,,,,,,,ur ideas r welcome


You are suited for a Tailor Shop. I ask one single question. Will this government stop spending on infrastructure developments. Ideal name for you babe


Funny

3CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jan 16, 2015 2:13 pm

Padonrup

Padonrup
Senior Equity Analytic
Senior Equity Analytic
Construction boom just started in SL, we can see major developments coming soon; apartments, housing developments, condominiums, shopping malls, etc. plus government funded projects. So, coming 10-20 years will be a good time for construction/property companies.

4CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jan 16, 2015 7:05 pm

ifenny

ifenny
Senior Equity Analytic
Senior Equity Analytic
Constructions are not managed by Governments only. When good governance with stability is in the country, investors will invest heavily in private projects. (Housing projects, condominiums, leisure projects, hotels, factories and so on.,).
But you may not see huge unnecessary government funded project in isolated places where only reason to have them is the "cut" Smile

5CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Sat Jan 17, 2015 9:02 am

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Well this "boom" benefited the chinese and a selected few, whilst inflating the GDP and economic growth rate.
The feasibility and prioritization is highly dubious.

6CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Jan 20, 2015 7:56 am

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
Actually I don't think its the end of the construction boom. The involvement of Government in mega constructions will definitely cease. The public sponsored development during the last regime was mainly for commissions and benefitted mostly the Chinese. For instance we borrowed from Chinese Banks at high interest rates, awarded the contracts to Chinese firms at two or three times the real cost, the inflation been the commissions for few people, Chinese imported labour and material from China and completed the projects. Sri Lanka keep on paying the interest and the loan over a long period Some mega projects do not bring any benefit to Sri Lanka but sometimes a burden such as Ships bringing in vehicles diverted to Hambantota.
However Hotel construction will go on and I think beautification and proper planning of cities will continue. There might be increased construction in Housing and apartments.

7CONSTRUCTION SECTOR Empty Construction shares booming. Fri Jul 29, 2016 12:05 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
SIRA
TKYO
IDL

8CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 12:10 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Boom Boom AEL...

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

9CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 12:15 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ranferdi wrote:Boom Boom AEL...
yes i forgot

10CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 12:22 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
CHOU construction company it will move up 25.00+

11CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 12:23 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Gainer wrote:CHOU construction company it will move up 25.00+
IDL any idea?

12CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 12:29 pm

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@nimantha80 wrote:
@ranferdi wrote:Boom Boom AEL...
yes i forgot

Keep in your mind.. Port City and Mega Free Zone in hambanthota is under discussion with China. China prefers Access..

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

13CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 2:08 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@nimantha80 wrote:
@Gainer wrote:CHOU construction company it will move up 25.00+
IDL any idea?
IDL best one

14CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Jul 29, 2016 10:47 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
China reinforces ‘One Belt, One Road’ Silk Route with $ 4 trillion investment push

By Nisthar Cassim in Beijing  Thursday, 28 July 2016

China this week rallied a fresh round of global support for its strategic and ambitious ‘One Belt, One Road’ 21st Century Maritime Silk Route initiative that encompasses over 50 countries including Sri Lanka.

Hosted by the People’s Daily, the three-day Media Cooperation Forum on Belt and Road kicked off on Monday with over 200 global journalists in attendance from 101 countries, including the Daily FT from Sri Lanka.  

With an estimated $ 4 trillion commitment by China  has so far seen over $ 14 billion invested in various infrastructure projects in countries within the ‘One Belt, One Road’ route  including Sri Lanka

The essential spirit of the Belt and Road to promote win-win cooperation, common development and prosperity, peace and cooperation, openness and inclusiveness, and mutual understanding and trust, conforms to the basic values of the 2030 Agenda.

Ft.lk

15CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Aug 02, 2016 7:04 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
China may have understood mentality of Basil and the crowd at the time of negotiations with sri Lanka delegations under MR

Now they have understood and make possible amendments to previous contacts

16CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Aug 02, 2016 9:22 pm

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@D.G.Dayaratne wrote:China may have understood mentality of Basil and the crowd at the time of negotiations with sri Lanka delegations under MR

Now they have understood and make possible amendments to previous contacts
China is giving its minimum support to Sri Lanka to cover the signed agreements only.
They will not sign new agreements and they know exactly mounting Indian pressure

17CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Aug 02, 2016 9:42 pm

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ranferdi wrote:
@nimantha80 wrote:
@ranferdi wrote:Boom Boom AEL...
yes i forgot

Keep in your mind.. Port City and Mega Free Zone in hambanthota is under discussion with China. China prefers Access..
@ranferdi

do not have much faith in this.

China is the only country in the world that takes its own work force where ever they build any thing with their own money.

there for expecting much employment opportunity under this development project for local companies and personal will be at a very minimal numbers ( but I hope not ).

Sri Lankans can only stand and watch. just like  BMICH

18CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Aug 09, 2016 10:58 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
CHOU also time to look

19CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Tue Aug 09, 2016 4:52 pm

w.p.c.s.bandara


Equity Analytic
Equity Analytic
AEL win soon

20CONSTRUCTION SECTOR Empty Construction Sector Outlook Brief Thu Aug 18, 2016 1:57 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
[ltr]Construction sector has shown a significant increase of 12.0% YoY during the 1Q 
2016.However, this is on a negative growth recorded in 1Q 2015.


—The total imports of cement and the domestic supply of cement has grown by 24.1% 
and 21.8% respectively in the first quarter of 2016, which is a lead indicator
—
Activities in this sub sector is expected to grow, supported by number of high rise
condominium projects in progress, recommencement of projects of National Road 
Network, and the construction of the Colombo Port City Project.

Good Luck[/ltr]

21CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Fri Aug 19, 2016 3:01 pm

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
North attracts Rs 3,315 mn FDIs:

The Northern Province has attracted over Rs. 3,315 million foreign direct investments for 2016 and the main investors are the Diaspora. These projects will generate over 2000 jobs there. The biggest project awaiting implementation is the Rs. 2.09 billion solar power plant to be built by VYDEXA (Lanka) Power Corporation in Vavuniya. 

In addition Unichela (Pvt.) Ltd will also be opening an apparel factory in Kilinochchi with an investment of Rs. 660 million generating 600 jobs. In addition IC Collection will also open a Rs. 60 million garments factory in Manipay providing 40 jobs. 

The Governor said that there are several top industries worth billions of rupees that are shut down and this endeavor would help to expose their potential to investors. “We welcome more private public sector partnerships for these major factories which include, Chemical plant and Slattern in Paranthan, KKS Cement Factory, Palmyrah Distillery in Point Pedro and other institutions.” 

http://www.dailynews.lk/

22CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Wed Aug 31, 2016 10:33 am

ONTHEMONEY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi all,

#AEL seems to be leading the rally!


Good Luck

23CONSTRUCTION SECTOR Empty Construction Stock's New's Thu Nov 10, 2016 9:31 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
JBy Uditha Jayasinghe 

Cabinet yesterday approved allocating Section II of the Central Expressway section from Meerigama to Kurunegala to local contractors at a cost of Rs. 137 billion but declined to explain why only one bid was received for each section or to respond to queries of opaque tender procedures.

The cost for the section, spanning 39.29 km, ran into a dispute as bidders sent in contract packages that were 18%-20% higher than the estimate given by the State engineer, the Cabinet paper submitted by Highways and Higher Education Minister Lakshman Kiriella showed. 

However, despite the higher cost the Government did not allow for competitive bidding through open tenders but instead only received one bid for each of the four parts Section II was divided into.  

“The Cabinet Appointed Negotiating Committee after having considered the recommendations of the Procurement Committee and the outcome of the negotiations with the bidders decided to recommend for the approval of the Cabinet that the respective contract packages be awarded to the respective consortium of contractors which has submitted the bid for the relevant package at the corresponding negotiated bid price,” the Cabinet paper noted. 

It also goes on to say that “only one bid was received for each contract package” and therefore an appeal procedure would not be applicable. 

The Government engineers’ initial estimate of Rs. 126.8 billion without VAT was later negotiated up by the Cabinet Appointed Negotiation Committee (CANC) to Rs. 137 billion excluding VAT, which is an 8.05% increase, documents seen by the Daily FT said. Cabinet spokesman Dr. Rajitha Senaratne argued that the revision had to be made as none of the bidders were willing to meet the Government’s estimate. 

“The procurement committee and the CANC had several rounds of discussions to sort out this issue. The private sector has always asked to have access to these large scale projects and they were never allowed under the previous Government. Now we have given them this chance,” he disputed.       

When reporters raised questions about the other sections of the Central Expressway Dr. Senaratne brushed them aside by promising to ask Highways Minister Lakshman Kiriella to attend the Cabinet briefing next week to respond to concerns.  

Local media had earlier reported the Government is in talks with China’s Exim Bank to fund Section I of the Central Expressway, which the contractor, the Metallurgical Construction Company (MCC) of China, has now priced at Rs. 158 billion or Rs. 12 billion more than was originally stated. MCC has been awarded the contract without a tender.

Section I runs 37.1 km from Kadawatha to Mirigama. At the current price, this translates to nearly Rs. 4.3 billion per km. the Government has also run into fresh controversy over its decision to prelist Japanese companies allegedly with the support of the Japanese embassy for the 32.5 km Section III of the Central Expressway from Pothuhera to Galagedara in Kandy.       

Under the latest Cabinet decision the entire length of Section II has been broken into four sections named Package A, B, C and D. Package A (9.71km) has been given to the International Construction Consortium (ICC), Access and a joint venture with Nawaloka and Kdesh for Rs. 34.1 billion. Package B (10.20 km) has been parcelled off to Sierra, Olympus, Tudawe Brothers and Consulting Engineers and Contractors (CEC) for Rs. 34.5 billion. Package C was given to K.D.A Weerasinghe and Co. (KDAW), NEM Construction, and the lesser known E&C at a cost of Rs. 32 billion. 

Package D, despite having the shortest span of 8.5km, was given to MAGA Engineering, CML-MTD Construction, along with V. V. Karunaratne & Co and Hoveal Construction for Rs. 36.2 billion. 

Under this allocation, each kilometre in Package A will cost Rs. 3.52 billion, which is an increase of 8.22% from the initial price estimate. Each kilometre in Package B will cost Rs. 3.39 billion, which is a 7.94% increase and Package C will cost Rs. 2.94 billion per kilometre, a 7.8% increase from the initial estimate given by the State engineers. Package D has the highest cost of Rs. 4.27 billion per kilometre and is a 8.21% increase from the initial forecast. On average, each kilometre of Section II will cost Rs. 3.49 billion. 

The Cabinet spokesman defended the price increases saying they were due to design changes made from the initial drawing done during the tenure of the previous Government. 

The Cabinet paper submitted by Kiriella noted that the “cost of a kilometre is different from package to package due to the additional cost for construction of interchanges, railway overpasses and operational areas and due to different lengths of viaducts.” 

Package A has one interchange and a 2.11 km-long viaduct, Package B two interchanges and a 1.77 km-long viaduct and Package C is a 0.56 km viaduct. Package D will have two interchanges, one railway overpass, one operational area and a 2.35 km-long viaduct.  - See more at: http://www.ft.lk/article/579437/Cabinet-approves-Rs--137-b-Central-Expressway-section-for-local-contractors#sthash.J6WNNJBY.YyXSBnOT.dpuf

24CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:34 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
Good News for Access Engineering! 
Good future ahead !

25CONSTRUCTION SECTOR Empty Re: CONSTRUCTION SECTOR Thu Nov 10, 2016 9:35 am

Bullrunner7

Bullrunner7
Manager - Equity Analytics
Manager - Equity Analytics
ECONOMYNEXT – Sri Lanka’s construction industry is expected to do well in the next few years given increasing homeownership affordability, big government infrastructure projects and rising demand for high-rises, stock brokers First Capital Equities said.

Growth in the sector slowed down in 2015 after the new government halted some big infrastructure projects, pending reviews of their costs and environmental impact. 

“Infrastructure being one the main driving forces of the construction sector, suffered a hefty blow amidst slowdown in the infrastructure drive during 2015,” the brokers said in a research report on the construction sector. 

But the brokers said they expect “a booming construction sector over next 2-3 years supported by rising affordability for housing, demand for skyscrapers and the government’s mega infrastructure drive.” 

The report said the listed Construction & Building Material Sector on the Colombo bourse is expected to provide 46% average return (annualized 29%) over an 18-month period, well above the expected market return. 

First Capital Equities said middle income affordability will be one of the drivers of construction through the housing market.

“Higher affordability coupled with the prevailing lower interest rate regime and accelerating urbanization has increased demand for housing and apartments, driving the construction sector,” they said.

Skyscraper construction will continue to dominate in the tourism and office space sector.

“With the prevailing high tourist arrival figures converting into new hotels, supplementary establishments and shopping malls, skyscraper construction is expected to continue at a similar pace to the last 5 years,” the report said. 

“The shortage in office space is also likely to add to the future demand for more skyscrapers over the next 5 years.”

The report also said the new government’s USD 40 billion Western Region Megapolis project will provide a huge boost to the overall construction sector.

(COLOMBO, Sept 29, 2016)

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