The Colombo Port City will be a historic landmark economic activity in Sri Lanka which is projected to generate USD 11Bn [13% of current SL GDP of USD 85Bn] to the economy in post completion as per PWC.
BROWNS INVESTMENT PLC [BIL] IS THE ONLY COMPANY DIRECTLY LINKED TO PORT CITY DEVELOPMENTS LISTED IN CSE. THERE ARE MANY DEVELOPMENTS THAT IS PROJECTED TO HAPPEN AFTER THE PORT CITY BILL IS APPROVED BY THE PARLIAMENT. RELIABLE SOURCES TELL THAT, BROWNS CONSTRUCTION PLC WHICH IS THE CONSTRUCTION ARM OF BIL HAS GOT THE OUTRIGHT CONSTRUCTION RIGHTS IN PORT CITY.
Once the Port City Bill approval, Sri Lanka is to receive USD 700 subsequent initial investments in Port City as an immediate investment.
ON TOP OF THE ABOVE, CHINA INVOLVEMENT IN BIL RUMORING IN THE MARKET HAS A LONG WAY TO GO. SPECIALLY, IN A CONTEXT WHERE US/CHINA TRADE TENSION WHERE MAJORITY OF THE CHINA LINKED CONSTRUCTION PROJECTS TO ROUTE THROUGH BIL IN FUTURE.
Therefore, BIL is promised to have a very lucrative GEM of a like value in future quarters with all of the above news is to come into the market at regular intervals. Many will trade in BIL and try to make quick gains while some may opt a journey like EXPO.