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



Latest topics

» Blossom March
by Big Bull Today at 12:20 pm

» TILE / LWL / RCL
by Wickyz Today at 11:36 am

» Sometimes you might find that you have lost all your money in the market by investing in the non profitable stocks in the market.
by pjrngroup Today at 10:58 am

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Wickyz Today at 10:54 am

» ACL post share split trading and the future potential
by Wickyz Today at 10:47 am

» GLAS will be winner with Super Gain.
by Promoney Today at 9:54 am

» Nations Trust Bank- undervalued stock.
by Eranx Today at 8:00 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by Eranx Today at 7:59 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 10:11 pm

» DIPD/HAYC/HAYL
by Chathur Yesterday at 9:44 pm

» RICH or TKYO
by RJ1010 Yesterday at 5:43 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by arun.cse Yesterday at 1:14 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Rational Investor Yesterday at 11:58 am

» Opportunities after CSE drop
by EquityChamp Yesterday at 11:36 am

» Amana Bank's total assets cross Rs100 bilion with Rs 1billion operating profit
by samaritan Yesterday at 11:25 am

» Pakistan keen to invest in port city: Cabraal
by samaritan Yesterday at 11:16 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Yesterday at 11:02 am

» SANASA DEVELOPMENT BANK PLC (SDB.N0000)
by IDK Yesterday at 9:23 am

» Madura takes the Portfolio Manager 2021 leadership with staggering 3.5bn
by roshan1039 Yesterday at 5:46 am

» Sri Lanka's Debt Dynamics
by sanjeewa88 Sun Feb 28, 2021 7:50 pm

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™ » EXPERT CHRONICLE™ » Sri Lanka's GDP to grow by 7% in 2021 - HSBC Global Research

Sri Lanka's GDP to grow by 7% in 2021 - HSBC Global Research

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator
Sri Lanka's GDP to grow by 7% in 2021 - HSBC Global Research Impressive

A research report published by HSBC Global Research last December expects Sri Lankan GDP to grow by 7% y-o-y in 2021, largely due to base effects since they estimated a 5% drop in GDP during 2020, new President of the National Chamber of Commerce of Sri Lanka (NCCSL) Nandika Buddhipala told the 62nd AGM at Kingsbury Hotel on Tuesday.


This report predicted that Sri Lanka should bounce back impressively. This will be the biggest upgrade to their forecasts. Mainland China, Taiwan, Vietnam, and Korea, as well as Sri Lanka, have seen among the fastest increase in shipments, with others lagging the recovery.
The CBSL policy rate cut by 250 bps, bringing down Standard Lending Facility Rate (SLFR) to 5.50% has been fully transmitted through lending rates easing off by 280 bps during the same period. They are of the view that public debt sustainability is amongst the biggest risks for Sri Lanka for the next five years.

Sri Lanka's GDP to grow by 7% in 2021 - HSBC Global Research GDP-660

Rating agencies including Fitch and Moody’s predict growth. Fitch in September 2020 estimated GDP growth for 2021 as 4.7%, whereas for 2020 they estimated a negative growth of 3.7%. Moody’s on September 29, 2020, estimated GDP growth in 2021 to be 3.6% whereas in 2020 they estimated negative growth of 3.2%. All rating reports expressed their concerns regarding Lankan debt sustainability and the government revenue collection target.


The Sri Lankan economy was gradually recovering from the severe impact of the Easter Sunday terrorist attacks in 2019 when the country was hit with the global pandemic.


The situation was made worse with increasing numbers of Sri Lankan employees overseas wanting to return home. The government was forced to limit imports to save the outflow of USD. The country has a considerable amount of loan repayments during the year 2020 and moving forward.

Buddhipala said that as a strategy to face the difficult situation the Central Bank introduced many measures. The regulator acted to reduce interest rates, enhance market liquidity, manage foreign exchange flows, maintain exchange rate stability, preserve international reserves, maintain the financial system stability, enhance credit flows, and ensure uninterrupted currency operations.

“Lower interest rates reduced the burden on entrepreneurs who were facing various difficulties, while announced debt moratoria and working capital loan schemes provided concessions to businesses and individuals.”
[url=http://www.dailynews.lk/2021/01/29/business/240107/impressive-sri-lankan-bounce-back#:~:text=A research report published by,the 62nd AGM at Kingsbury]http://www.dailynews.lk/2021/01/29/business/240107/impressive-sri-lankan-bounce-back#:~:text=A%20research%20report%20published%20by,the%2062nd%20AGM%20at%20Kingsbury[/url]


_________________




The biggest risk in life is not taking any risk at all.
Share this post on: redditgoogle

Samaritan 
Can we resume uptrend to break 9000 on Monday??
Thank You

@Kipling wrote:Samaritan 
Can we resume uptrend to break 9000 on Monday??
Thank You
Latest by Tuesday and the very same crowd that pulled out money today will be back again when emotions cool down. Never let emotions take control of decision making. Food for thought!

Kipling likes this post

Samaritan 
What was the emotional issue? Expo Eps improved to 2.33 besting by 0.01 a record quarter.

@Kipling wrote:Samaritan 
What was the emotional issue? Expo Eps improved to 2.33 besting by 0.01 a record quarter.
I was referring to overall market decline coupled with some technical glitch encountered in certain online platform.

Do you think expo declines absolutely unwarranted & bad for confidence.

@Kipling wrote:Do you think expo declines absolutely unwarranted & bad for confidence.
It seems there had been profit taking. Anyway, i am confident that the market will bounce back on Monday.

Kipling likes this post

Samaritan 
9000 demolition on Monday & onto 10,000 by mid February realistic?
Thank You.

Win Win likes this post

Now that month end settlements are over market should bounce back. Few good financials are out and the prices are declining... 😳
ASPI would start the journey back to 10k. The profit taking and market correction was good... everything was heated at high RSI levels.

samaritan and Kipling like this post

@Kipling wrote:Samaritan 
9000 demolition on Monday & onto 10,000 by mid February realistic?
Thank You.
If ASI breaks 9000 on Monday its possible to reach 10,000 by mid February.

Kipling likes this post

@RJ1010 wrote:Now that month end settlements are over market should bounce back. Few good financials are out and the prices are declining... 😳
ASPI would start the journey back to 10k. The profit taking and market correction was good... everything was heated at high RSI levels.
RJ
I read on a Twitter A whale had given following targets to a Finance person. 
Mid February 10,000
End March 12,500
End June 15,000
End Year 20,000
He has nearly asked What are you smoking. I can guess the whale. 
Your view on these numbers. 
Thank You.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum