- Global bullion trading firm’s MD and Expolanka’s second largest individual shareholder Farook Kassim looking at new greenfield and listed equities investment opportunities
- Says fundamentally sound stocks undervalued hence attractive
- Keen to be early investor; meets Port City executives and proposes setting up of gold exchange at Intl. Financial Centre; great potential given India is world’s biggest gold consumer
- Moots idea of high security vault by Brink’s – world’s oldest and premier provider of secure logistics and security solution for precious metals
- Believes Port City and International Financial Centre can be a success if Sri Lanka uses Dubai International Financial Centre as example
- Tips tourism and real estate as high growth sectors if SL can be more biz and investor friendly and pursue open policies, learning from success of UAE
- Farook insists Sri Lankan migrant workers deserve VIP treatment in times of pandemic
Excerpts from the article:
“As far as the Colombo stock market is concerned, it is undervalued in my opinion hence it is attractive and we are looking at good buying opportunities of fundamentally sound companies,” said Kassim, who is also the second largest individual shareholder in the Japan SG Holdings-controlled Expolanka Holdings PLC, which is enjoying a record year amidst the COVID-19 pandemic.
“Sri Lanka and the Port City can be a huge success if the right model is pursued along with open policies,” emphasised Farook who is also an alumnus of Harvard Business School, Boston, USA
Guys, Don't sell your valuable stocks in a hurry. There is a bright future ahead of you at the CSE.