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FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects

UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects

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samaritan

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UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects Image_bc33a8728b

  • 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

http://www.ft.lk/front-page/UAE-trading-and-investment-firm-Al-Bogari-Holdings-upbeat-on-SL-s-growth-prospects/44-714743


UNQUOTE:

Guys, Don't sell your valuable stocks in a hurry. There is a bright future ahead of you at the CSE.
                                                                                -samaritan-

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my plan is to hold till end of May and make any decision after that..

UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects C0ZWuIgY_normal

Ajith Nivard Cabraal

✔@an_cabraal

[ltr]Our businesses & investors should factor the positive developments during past few days in their #investment decisions:SWAP w/ #China, interest rates at historic low levels, country opening out for #tourism, strong vaccination programme, first IPO in several years.@CBSL #SriLanka[/ltr]

judecroos likes this post

samaritan wrote:UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects C0ZWuIgY_normal

Ajith Nivard Cabraal

✔@an_cabraal



[ltr]Our businesses & investors should factor the positive developments during past few days in their #investment decisions:SWAP w/ #China, interest rates at historic low levels, country opening out for #tourism, strong vaccination programme, first IPO in several years.@CBSL #SriLanka[/ltr]

You may be positive but Can't help .. CSE they are playing this game with the referee on their side but we need to be good enough to outsmart them.

judecroos wrote:
samaritan wrote:UAE trading and investment firm Al Bogari Holdings upbeat on SL’s growth prospects C0ZWuIgY_normal

Ajith Nivard Cabraal

✔@an_cabraal





[ltr]Our businesses & investors should factor the positive developments during past few days in their #investment decisions:SWAP w/ #China, interest rates at historic low levels, country opening out for #tourism, strong vaccination programme, first IPO in several years.@CBSL #SriLanka[/ltr]



You may be positive but Can't help .. CSE they are playing this game with the referee on their side but we need to be good enough to outsmart them.
Adani's investment in WCT is a positive development. Also, in future in my view Sri Lanka will benefit from China & India as well, in a race to counter balance each others influence here. Moreover, Sri lanka is on the radar of World's billionaires with the iconic Port City taking shape to be a center of attraction in this region with its strategic location. Bright future ahead for Sri lanka & CSE!

judecroos likes this post

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