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BUDGET 2021

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20201115

BUDGET 2021  - Page 2 Empty BUDGET 2021

Harry82


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

BUDGET 2021  - Page 2 Pm-mah10

Several existing tax holidays, partial tax holidays, and other concessions are to be removed while introducing a simplified three tier corporate tax structure, taxation of capital gains while expanding the coverage of withholding taxes. Corporate tax rate will be revised and the Finance Ministry is likely to re-introduce the wealth tax, official sources said.
The government had set a target in its medium-term economic plan to increase income tax contribution to total tax revenue to at least 40 per cent from 20 per cent in the budget revenue proposals.

The excise tax on cigarettes and hard liquor manufactured locally will be further increased (excise duty on special arrack remains without change) and excise duties imposed on malt liquor will also be revised. Furthermore the government is to hike taxes on fuel imports, luxury items and cosmetic imports.

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Post Sun Nov 15, 2020 7:54 pm by Harry82

top gainer's of the week ? after the budget

Post Sun Nov 15, 2020 8:24 pm by Win Win

TKYO / CIND / AEL
LVEF / LPL / VLL / HPFL / PAP
DIPD / HAYC / REXP / BPPL / RICH / RAL / MGT / RAL
TAP / ECL

RJ1010 and judecroos like this post

Post Sun Nov 15, 2020 8:31 pm by samaritan

SRI LANKA TO RECEIVE SAME BENEFITS OF EU GSP+ FOR UK FROM 2021


https://www.srilankabusiness.com/news/sri-lanka-to-receive-same-benefits-of-eu-gsp-for-uk-from-2021.html

Post Sun Nov 15, 2020 8:47 pm by Harry82

thanks win win,

what about ACL, KCAB, APLA,CIC,RCL,TILE,LWL?

avatar

Post Sun Nov 15, 2020 9:02 pm by Win Win

Harry82 wrote:thanks win win,

what about ACL, KCAB, APLA,CIC,RCL,TILE,LWL?


RCL can enjoy export related incentives as well as measures to create construction boom again.. If they can deliver more & more to export markets, it is the biggest advantage than budget reliefs, bcz their investments added sufficient capacities in 2019/20..


CIC has many business areas. Sometimes, they will receive seeds related benefits..

I think KCAB is going to give more focus for exports. They should have export related incentives..

judecroos likes this post

Harry82

Post Sun Nov 15, 2020 9:19 pm by Harry82

thanks win win
any idea on VONE

avatar

Post Sun Nov 15, 2020 9:25 pm by wealth123

RAL, VPEL, GLAS, PAP, VLL, COCO, Plantation, Manufacturing share will get good benefits.
RAL, GLAS, VPEL are the stocks to watch.

judecroos likes this post

avatar

Post Sun Nov 15, 2020 10:05 pm by subash81

Government No 1 priority is increase export earning. Therefore following company get huge benefit from budget 

EXPO
HAYC
DIPD
REXP

cseguide, judecroos and Vishwanarth like this post

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Post Tue Nov 17, 2020 2:19 pm by dinsan123

what are the benefit from budget to stock market ?

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Post Tue Nov 17, 2020 2:43 pm by DamithAsian

Agriculture, fishery..livestock Exempted 5 years

Agstar, RAL,LDEV and plantation sector to be hit 18th Wednesday

avatar

Post Tue Nov 17, 2020 2:43 pm by DamithAsian

Agriculture, fishery..livestock Exempted 5 years

Agstar, RAL,LDEV and plantation sector to be hit 18th Wednesday

avatar

Post Tue Nov 17, 2020 4:53 pm by Kipling

Samaritan 
Do you think budget will activate mega bull. Nothing revolutionary.

avatar

Post Tue Nov 17, 2020 5:41 pm by samaritan

Kipling wrote:Samaritan 
Do you think budget will activate mega bull. Nothing revolutionary.
Haven't gone thro' in detail but some of the salient features include the following;

  • A 50% income tax exemption to local companies if they register before 31 December 2021 to be listed in the Stock Market



  • A 50% tax exemption offered for local Companies listed in the Colombo Stock Exchange until December 31, 2021. 


 (should benefit all listed companies)


The above measures will benefit CSE.


Expediting infrastructure development including Port City, Expressways will benefit AEL, TKYO.


http://www.newswire.lk/2020/11/17/2021-budget-key-highlighlive-e/

avatar

Post Tue Nov 17, 2020 5:43 pm by Vishwanarth

samaritan wrote:
Kipling wrote:Samaritan 
Do you think budget will activate mega bull. Nothing revolutionary.
Haven't gone thro' in detail but some of the salient features include the following;

  • A 50% income tax exemption to local companies if they register before 31 December 2021 to be listed in the Stock Market



  • A 50% tax exemption offered for local Companies listed in the Colombo Stock Exchange until December 31, 2021. 


 (should benefit all listed companies)


The above measures will benefit CSE.


Expediting infrastructure development including Port City, Expressways will benefit AEL, TKYO.


https://www.pfizer.com/news/press-release/press-release-detail/pfizer-and-biontech-announce-vaccine-candidate-against

Bro, Carefully read the construction section in the budget. Proposed competitive materials prices to reduce cost if I'm not mistaken

avatar

Post Tue Nov 17, 2020 5:50 pm by subash81

Following companies get benefits

HAYC
DIPD
EXPO

TKYO
CIND
AEL

GRAN
TAFL
BFL

RAL
AGST

GLAS

RCL
LWL

LMF
WATA

LVEF
LPL

avatar

Post Tue Nov 17, 2020 5:54 pm by Vishwanarth

https://colombogazette.com/2020/11/17/finance-minister-presents-2021-budget-to-parliament/

avatar

Post Tue Nov 17, 2020 6:00 pm by Vishwanarth

Bros.. Is there chatting component to our forum members to speed of communication??

Mr. X

Post Tue Nov 17, 2020 6:08 pm by Mr. X

Vishwanarth wrote:Bros.. Is there chatting component to our forum members to speed of communication??
there will be non stop fights.... lol! lol!

geesura likes this post

avatar

Post Tue Nov 17, 2020 6:09 pm by Promoney

ACL will be hugely benefitted

judecroos likes this post

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Post Tue Nov 17, 2020 6:10 pm by sdisnaka

"Special goods & services tax on cigarette, gaming, tele-communication, and motor vehicles which contribute more than 50% of the tax revenue."


What is the tax rate for these industries going to introduce?

VS

Post Tue Nov 17, 2020 6:13 pm by VS

is it good for RIL?

avatar

Post Tue Nov 17, 2020 6:39 pm by Vishwanarth

sdisnaka wrote:"Special goods & services tax on cigarette, gaming, tele-communication, and motor vehicles which contribute more than 50% of the tax revenue."


What is the tax rate for these industries going to introduce?

All infrastructure for WORK FROM HOME and Study from home is in the hands of BROADBAND.. It cannot be excessively taxed😀

judecroos and sdisnaka like this post

avatar

Post Tue Nov 17, 2020 7:48 pm by judecroos

Promoney wrote:ACL will be hugely benefitted
No doubt ACL will benefit immensely with this proposal.

avatar

Post Tue Nov 17, 2020 8:16 pm by wealth123

Agri Export - Renuka agri PLC, RAL will get super benifits from this Budget,
Power - VPEL with a super Dividend yield. 10% Dividend.
Manufacturing & Export - GLAS, Tile Companies.
Milk Foods - LMF
Banks - If foreigners attract to the Market SAMP, COMB, HNB will have a good time.

avatar

Post Tue Nov 17, 2020 8:17 pm by asithakaru

How about SIRA?

avatar

Post Tue Nov 17, 2020 8:26 pm by DamithAsian

AgSTAR plc also had good raise in stocks. It has goodQ2
AGST has good potential with organic fertilizer and seeds

geesura likes this post

avatar

Post Tue Nov 17, 2020 9:38 pm by RajapaksaDON

Cement, Plastic, Glass, Ceramic including Tiles, Cables, Dairy, Confectionary, Agrifoods, Real Estate and Export industries will be benefitted.

avatar

Post Tue Nov 17, 2020 9:40 pm by shakthi1974

How about RWSL?
I know import restrictions are to continue.

Rational Investor likes this post

avatar

Post Tue Nov 17, 2020 9:45 pm by DamithAsian

RajapaksaDON wrote:Cement, Plastic, Glass, Ceramic including Tiles, Cables, Dairy, Confectionary, Agrifoods, Real Estate and Export industries will be benefitted.

Cross check Cement with budget speech Construction para...Government allow competitive prices to reduce the cost Arrow

Accountant

Post Tue Nov 17, 2020 10:19 pm by Accountant

Win Win wrote:TKYO / CIND / AEL
LVEF / LPL / VLL / HPFL / PAP
DIPD / HAYC / REXP / BPPL / RICH / RAL / MGT / RAL
TAP / ECL

Was GLAS missed firm this list or was it excluded cuz of a particular reason?

Eranga87 likes this post

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