Sri Lanka external sector demonstrated mixed performance as of September 2024
Colombo, Nov 04 (LankaBIZ) – The external sector of Sri Lanka demonstrated mixed performance as of September 2024, reflecting resilience amid global economic pressures. Trade Balance Sri Lanka’s trade deficit expanded significantly in September 2024, rising to USD 634 million compared to USD 377 million in September 2023. This increase reflects a 22% year-over-year (y-o-y)…
Seylan Bank PLC reports 10.7% reduction in Net Interest Income (NII) for 9 months ended 30th September 2024
Colombo, Oct 31 (LankaBIZ) -The reduction in impairment charges by such a huge amount seems to be somewhat questionable. This move by the bank could be viewed as an attempt to offset the decline in interest income, possibly using impairment adjustments to present an improved financial picture. Financial Highlights Download Full Research Report
Banking Sector Profitability at what cost?
Banks have a critical role to play in Sri Lanka’s economic recovery, not only by securing their own financial positions but by fostering conditions for business growth. High interest rates and aggressive foreclosures do little but suppress growth, while more inclusive and flexible financial support will create sustainable profitability across industries. A responsible banking sector…
Listed companies with lowest PEG Ratios
The price/earnings-to-growth, or PEG ratio is a valuation metric used for stocks. PEG builds on the P/E ratio by considering expected earnings growth and not just current earnings. A PEG ratio of under 1.0 can indicate a stock is undervalued and a potential buy. A PEG above 1.0 can indicate an overvalued stock. List of Sri…
Why Sri Lanka Should Continue the Ban on Vehicle Imports?
Maintaining the vehicle import ban offers a crucial buffer to ensure foreign reserves are preserved, the trade deficit remains in check, and economic recovery efforts are sustainable over the long term. IMPORT RESTRICTIONThe import ban on vehicles has been in place since 2020, a decision rolled out by the government to prevent the island nation…
Qualified Audit Opinion? What’s Next?
What is Qualified Audit Opinion: A qualified opinion is issued when the auditor has identified material misstatements in the financial statements, but these misstatements are not pervasive. In simpler words, the financial statements are still largely reliable despite the identified issues. If a company listed on the Colombo Stock Exchange (CSE) main board receives a qualified…
Why Sri Lanka Fuel Price Formula should be discontinued?
Sri Lanka’s Fuel Price Formula was introduced in May 2018 as part of a government initiative to reduce the fiscal burden on the economy caused by fuel subsidies. The idea was to adopt a market-based fuel pricing mechanism that would adjust retail fuel prices in line with international oil prices. The formula aimed to depoliticize…
Why Sri Lankan Airlines should not be Privatised?
1. National Security and Connectivity 2. Economic Stability and Tourism Development 3. Control Over Pricing and Service Quality 4. Preservation of National Identity and Branding 5. Long-term Strategic Investments and Market Cycles 6. Job Security and Labor Relations 7. Economic Nationalism and Political Resistance 8. Potential for Strategic Partnerships without Full Privatization 9. Access to…
Sri Lanka: Light Rail Transport (LRT) at what opportunity cost?
Japanese funded Light Rail Transport (LRT) from Colombo to Malabe (15km) Cost US$ 1.9bn compared to recently approved IMF facility of US$2.9bn. LRT cost is equivalent to almost 3 Southern expressways. Instead just serving minor section of the community, Government of Sri Lanka should utilise funds to expands current road network covering entire Sri Lanka by connecting…
Sri Lanka Parliament Dissolved
The Extraordinary Gazette notification issued by President Anura Kumara Dissanayake dissolving the Parliament of Sri Lanka effective from midnight today (24), has been published by the Department of Government Printing. The proclamation dissolves Parliament with effect from midnight today and summons the new Parliament to meet on the November 21, 2024. It has also fixed…
Chat2Find Software: Real-Time, Unbiased AI
Chat2Find software is a revolutionary AI assistant designed to provide real-time, unbiased responses to any question, powered by OpenAI, Google Gemini, and soon, open-source large language models. Why Choose Chat2Find? Real-Time Information Access: Get answers updated with the latest local and global events, ensuring your decisions are informed by the most current data available. Unbiased…
LTL Holdings Limited IPO: Attractive but not Cheap
LTL Holdings Limited proposed IPO of involves offering up to 1,103,448,300 new ordinary voting shares at LKR 14.50 per share, with an option to issue an additional 275,862,100 shares if oversubscribed, potentially raising up to LKR 20 billion. The funds raised will be primarily used to finance equity investments in the company’s power projects, including…
PickMe: Yet another Overvalued IPO
Digital Mobility Solutions Lanka Limited (PickMe) is offering 43,474,179 existing ordinary voting shares through an Initial Public Offering (IPO) at a price of LKR 36.00 per share, aiming to raise LKR 1,565 million. The offering represents 13.04% of the company’s total shares and is being made to provide liquidity to existing shareholders while enhancing corporate…
Stock Market Outlook – September 2024
Overall, the CSE All-Share Index is expected to remain volatile in the lead-up to the presidential elections, with investor sentiment closely tied to the unfolding political landscape. Download Full Report: https://lankabizz.net/product/stock-market-analysis-september-2024/
කොලඹ කොටස් වෙළෙඳපොළ සමාගම් විශ්ලේෂණ වාර්තා සිංහල භාෂාවෙන්
කොලඹ කොටස් වෙළෙඳපොළ සමාගම් විශ්ලේෂණ වාර්තා සිංහල භාෂාවෙන් 2024 ජූනි 30 න් අවසන් කාර්තුව. නොමිලේ බාගත කරගන්න.
Diversified Conglomerates: Performance Analysis 1Q FY2024/25
Analysis and determination of best-performing company for investment among the top conglomerates based on diversification, revenue growth, profitability, net assets, and valuation (Price-to-Earnings Ratio (PER) and Price-to-Book Value (PBV)) during quarter ended 30th June 2024 Companies Analyzed 1. Diversification Overview: Diversification is a critical metric for reducing risk and ensuring stable returns across different economic…
Latest Quarterly Updates and Analysis of listed companies
Latest research and analysis of listed companies for quarter ended 30th June 2024 now available for free download. Reports cover following key analysis and aspects.
HNB Bank emerged as the Best Overall Bank for 1H 2024
Overall, Hatton National Bank (HNB) emerges as the best performer, followed closely by Seylan Bank and Commercial Bank, with Nations Trust Bank (NTB) and Sampath Bank also showing strong performances. DFCC Bank and NDB Bank demonstrate solid profitability but have room for improvement compared to the top-performing banks. Best Performer for 1H 2024 Based on…
Commercial Bank PLC: Profits declined by 25.5% in 2Q2024 amidst crisis in Bangladesh
Aug 16 (LankaBIZ) Colombo, Sri Lanka. The future outlook for Commercial Bank of Ceylon PLC is cautiously optimistic, as the bank is well-positioned to navigate both domestic and international challenges while capitalizing on growth opportunities. Domestically, the bank’s robust capital adequacy, improved profitability, and strategic focus on digital innovation and SME lending provide a strong…
Namal Rajapakse to secure 18% of votes at the Presidential Elections 2024
As of August 2024, the political landscape in Sri Lanka is shaping up for the presidential election scheduled for September 21, 2024. Candidates 1. Namal Rajapaksa – The son of former President Mahinda Rajapaksa, he represents the Sri Lanka Podujana Peramuna (SLPP) party. His candidacy is significant as it marks a return of the Rajapaksa…
Commercial Bank PLC: Impact of Bangladesh Crisis
The ongoing economic and financial crisis in Bangladesh poses significant challenges and opportunities for Commercial Bank PLC (COMB.N0000). This analysis will explore the bank’s exposure and dependency on the Bangladesh market, as well as the broader implications of the crisis on its future profitability. 1. Political Crisis in Bangladesh Bangladesh is currently facing a significant…
CSE: Aspiration Movement
Colombo Stock Market Aspirations Movement Based on Technical and Sentimental Analysis Market Sentiment and Aspirations Investor Sentiment Economic Aspirations The sentiment analysis of the Colombo Stock Market reveals an overall positive outlook, supported by strong corporate earnings, economic growth projections, and high investor confidence. However, caution is advised due to potential market volatility and global…
John Keells Holdings PLC – Undefined Future
Share Price of John Keells Holding PLC (JKH.N000) after the proposed Rights Issue and Subdivision of Shares expected to be around LKR 17/= per share according theoretical (Ex Rights. Ex Sub-division) calculation. Download Report: https://lankabizz.net/product/john-keells-holdings-plc-undefined-future/ SUMMARY Current Market Status (as of August 1, 2024):John Keells Holdings PLC (JKH) is a leading player in the Sri…
Pan Asia Banking Corporation (PABC) Profit After Tax Increased by 11% in 1H 2024
Pan Asia Banking Corporation PLC (PABC.N0000) showcased a robust overall performance during the first half of 2024. The bank achieved significant growth in its core income streams, driven by a substantial increase in net interest income and fee-based income, demonstrating effective management of interest margins and fee generation. The strategic focus on cost management led to…
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