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



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™ » ASI WILL COME DOWN TO 5800

ASI WILL COME DOWN TO 5800

Go to page : Previous  1, 2

Go down  Message [Page 2 of 2]

21ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Wed Jan 08, 2020 10:18 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI WILL COME DOWN TO 5800 - Page 2 Screen56

22ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Wed Jan 08, 2020 10:22 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ASI WILL COME DOWN TO 5800 - Page 2 Iran_w10

23ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Wed Jan 08, 2020 11:11 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI WILL COME DOWN TO 5800 - Page 2 Screen57

24ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Thu Jan 09, 2020 12:08 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI WILL COME DOWN TO 5800 - Page 2 Screen59

25ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Thu Jan 09, 2020 2:55 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ASI WILL COME DOWN TO 5800 - Page 2 Screen60

What I said yesterday, happend to the point

26ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Thu Jan 09, 2020 3:18 pm

Teller

Teller
Moderator
Moderator
A good move. No need a bloody war


_________________




Teller said is said..

27ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Thu Jan 09, 2020 3:29 pm

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Yeh  Mad

28ASI WILL COME DOWN TO 5800 - Page 2 Empty Re: ASI WILL COME DOWN TO 5800 Sat Jan 11, 2020 9:26 am

Chanaka303


Equity Analytic
Equity Analytic
ICRA says modest growth likely if no major external shocks take place
But prudent policies, fiscal discipline, structural reforms essential
Last year likely to have ended with lowest growth since 2001
4Q expected to post less than 3% growth despite uptick in sentiment
Trade deficit estimated at $ 8 b, sharply down from $ 10.3 b in 2018
Informal private sector wage growth slowed in 2019, showing reduced purchasing power
Sri Lanka is likely to experience modest growth in 2020 provided no major external shocks take place, ICRA Lanka said yesterday, but stressed that the Government must adopt prudent policies, maintain fiscal discipline and implement structural reforms to turn around the economy, which is believed to have closed last year with the slowest growth since 2001.

ICRA Lanka, which is part of Moody’s Investor Service, in its 2019 Highlights report titled ‘A battered economy on a healing path’ released yesterday, said it was “cautiously optimistic” about economic prospects for 2020.

“We made this assessment based on three factors: the possible full recovery of tourism, expectation of a relatively calmer political climate following elections and improved economic activity due to the expansionary fiscal policy and potential monetary easing. At the same time, we also emphasise the fact that in order to revive the economy, there must be a political will to make tougher choices. This means the Government must adopt prudent policies, maintain fiscal discipline and implement structural reforms,” the report said.

Hit by successive blows from the 2018 political crisis and Easter attacks, Sri Lanka’s GDP growth in 2019 is expected to be about 2.7%, according to the International Monetary Fund (IMF) and Asian Development Bank (ADB), the lowest since 2001.

In 3Q, the economy saw signs of recovery with the industry and service sectors gathering impetus but the growth is expected to be less than 3% in 4Q, ICRA said.

Following the Presidential Election, economic activities revived briefly, driven by positive sentiment. However, the performance of the agriculture sector continued to remain muted owing to adverse weather conditions. The export sector did not experience appreciable improvement over the months in comparison to 2018 but imports shrunk notably, causing the trade gap to narrow, the report added.

“The Central Bank made significant intervention to bring the interest rates down. As a result, there is a marked drop in short-term and long-term interest rates. The yield curve showed a significant downward shift from the year’s beginning. The liquidity shortage that prevailed at the beginning of the year led to a private credit crunch. After several liquidity injections by the Central Bank, liquidity improved, causing the credit demand to pick up.”

The exchange rate showed several positive swings from time to time but was mostly depreciating. By the year-end, the Central Bank maintained the rupee at about Rs. 181/USD, marginally stronger compared to the beginning of the year. The reserve position improved owing to the successful issuances of International Sovereign Bonds (ISBs) and the Extended Fund Facility (EFF) and ICRA expected gross official reserves to cross $ 7 billion by December 2019.

The inflation rate of the economy was moderate in 2019 and was well within the bounds of the Central Bank’s targets, but accelerated towards the end of the year.

“Throughout 2019, the wage growth of the informal private sector has been declining, showing signs of eroding purchasing power. The ASPI gained just over 1% compared to the year’s beginning. Due to the disruptions resulting from the Easter Attacks, the services sector went through two consecutive months of contraction in April and May, while the impact on manufacturing was moderate. Tourism was the worst hit sector but is currently going through a faster recovery. The banking sector lost pace in 2019 due to eroding profitability, deteriorating asset quality and slower asset growth.”

“The export sector did not experience appreciable improvement over the months in comparison to 2018. Given the global slowdown in trade, this is not entirely a bad outcome. We expect exports to reach close to $ 1 billion in December. The Central Bank took several measures to combat the pressure on the external sector which resulted in the contraction of imports from 4Q of 2018.”

This slowdown was compounded by the low liquidity level which prevailed during 1Q and continued on to 2Q and 3Q augmented by the Easter attacks. In September, exports weakened owing to a drop in apparel exports but recorded an overall growth in the first eight months.

As the liquidity recovered, imports started picking up and the figure is expected to hover below the $ 2 billion mark for December. As a result of the weaker import demand and the subdued oil prices which prevailed for most of the year, ICRA expected the overall trade deficit to be around $ 8 billion for 2019, sharply down from the $ 10.3 billion of the year before.

Total Government expenditure for the first four months of 2019 experienced an over 10% increase compared to the corresponding period of the previous year. In this context, credit extended to the Government by the banking sector expanded by about Rs. 70 billion in the first four months of the year, while private sector credit contracted. Following the Easter attacks, private credit growth was muted but recovered in the second half of the year.

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