Sri Lanka’s Commercial Bank rejects rating revision by Fitch

Kipling

Kipling

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Teller is not known. Page is with a proven track record. Better to trust her view on foreign interest than those with dubious & anti SL motivation.

KavinduTM

KavinduTM

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Teller wrote:At Walletinvestor.com we predict future values with technical analysis for wide selection of Forex currency pairs like USD/LKR. If you are looking for Forex pairs with good return, USDLKR can be a profitable investment option. USD/LKR rate equal to 181.611 at 2020-01-25 (today's range: 181.611000 - 181.611000). Based on our forecasts, a long-term increase is expected, the Forex rate prognosis for 2025-01-17 is 251.261. With a 5-year investment, the revenue is expected to be around +38.35%. Your current $100 investment may be up to $138.35 in 2025.

Wth 250 is impossible. Their predictions are not wrong at all with the last 5 years acceleration. But governments changed. We can't expect such a bad economy from GR gov.Same happened in last 5 years (more than 30% gain if someone invested in dollars) . But UNP is no more. People may keep that on mind.

KavinduTM

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Teller wrote:At Walletinvestor.com we predict future values with technical analysis for wide selection of Forex currency pairs like USD/LKR. If you are looking for Forex pairs with good return, USDLKR can be a profitable investment option. USD/LKR rate equal to 181.611 at 2020-01-25 (today's range: 181.611000 - 181.611000). Based on our forecasts, a long-term increase is expected, the Forex rate prognosis for 2025-01-17 is 251.261. With a 5-year investment, the revenue is expected to be around +38.35%. Your current $100 investment may be up to $138.35 in 2025.

However those technical bots doesn't give a damn about rupee depreciation. They are just using charts. According to last 5 years , their predictions are not wrong. But now it will be totally different. People will lose who is investing in USD/LKR

Teller

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No, kavindu , their predictions are correct . Mostly 90%

KavinduTM

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Teller wrote:
No, kavindu , their predictions are correct . Mostly 90%

Ah is it? , Fine then this time it is one of that 10% Very Happy

NANDANA2012

NANDANA2012

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Teller wrote:As rupee has been predicted to touch 195.50 against USD, foreign interest to CSE is critical .

Yes if Rupee get depreciated, God bless CSE... But i think Govt will try to do something or another to avoid it.. Tourism may help.. also some chinese loans..In anycase not sound practice to keep rates artificially high, then somewhere else bursts..

Main issue going to be High Govt spending. With loss making GOvt enterprises and BIG govt staff, Sri Lanka never going to take off properly and develop even if Hercules there...

Teller

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My calculations never gone wrong. Intelligent investors should exit if they are in profit,also away from buying . You can buy back later. I dont want to repeat same thing.good luck

Kipling

Kipling

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We listen to people with a track record like Ms Page.
Isis & Diaspora agenda will fail.

Teller

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No need to listen me, wait and see the result.

Kipling

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Teller= Maharaja Very Happy

NANDANA2012

NANDANA2012

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Teller wrote:My calculations never gone wrong. Intelligent investors should exit if they are in profit,also away from buying . You can buy back later. I dont want to repeat same thing.good luck

Teller, can u just clarify why market will go down and how much ?

Teller

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Explanations are useless with brainless people . Remember i predicted fitch and other 2 downgrades prior to any one. I predicted 2 months before. Thats called Analysis. Market will be flat and exist around 5700 based on scatters

Kipling

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The Opinion Of a Brainless Person whose net worth & record Teller will match in 1000 births Very Happy

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.

NANDANA2012

NANDANA2012

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Teller wrote:Explanations are useless with brainless people . Remember i predicted fitch and other 2 downgrades prior to any one. I predicted 2 months before. Thats called Analysis. Market will be flat and exist around 5700 based on scatters

Credit downgrades are usual when credit risk increases. When tax were cut, they expect Govt income to go down and according to economic books they have to the credit downgrade.. It was expected anyway...But these credit agencies are not Gods.they are not perfect... They cant see all aspects of an economy... Govt can increase revenue from other means, specially if business activity goes up..Can cut down expenditure.. Then ultimately effect could be nil or plus,,,

Teller

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@Nandana, these agencies opinion has international recognizing . So most of the international investors will follow them. They are operating whole over the world.

KavinduTM

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NANDANA2012 wrote:

Teller wrote:Explanations are useless with brainless people . Remember i predicted fitch and other 2 downgrades prior to any one. I predicted 2 months before. Thats called Analysis. Market will be flat and exist around 5700 based on scatters

Credit downgrades are usual when credit risk increases. When tax were cut, they expect Govt income to go down and according to economic books they have to the credit downgrade.. It was expected anyway...But these credit agencies are not Gods.they are not perfect... They cant see all aspects of an economy... Govt can increase revenue from other means, specially if business activity goes up..Can cut down expenditure.. Then ultimately effect could be nil or plus,,,

Yeah totally agree @Nandana +

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Sri Lanka’s Commercial Bank rejects rating revision by Fitch

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