To my simple mind this shows there is a considerable foreign interest.
Post GE, GR bold policies will be launched. All of us will be surprised. Recall the following 2 statements.
When MR said in 2005 that he will sweep out terroism many asked the brand of the broom.
When he said I will rebuild economy many asked whether he had Aladdin Magic lamp.
I have faith in GR. May SL race to prosperity.
We didn’t do a global roadshow on JKH stake but the market got wind of it and there were several inquiries. Locally too there was interest. All those for were smaller parcels instead of the entirety,” said the Singapore-based Page though declining to be specific.
The fact that Citig-roup Global Markets Ltd., Agency Trading Prop Securities A/C picked up the big block in full reflects the confidence on JKH and in Sri Lanka. In that context the transaction is a big boost,” said Page who has been promoting equity investments into Sri Lanka for several decades.
She opined that the Colombo stock market had been oversold and valuations are attractive going forward.
“I believe foreign investor interest will gather momentum post General Elections. Post Presidential Poll, signs have been encouraging,” Page added.