Category: Sri Lanka
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…
John Keells Hotels (KHL) Reports a loss of Rs. 0.86 per share in 1Q 2024/25
John Keells Hotels PLC (KHL.N0000) overall financial performance for the three months ended 30 June 2024 was challenging, marked by a decline in revenue and gross profit, coupled with high operating expenses. Despite efforts to manage costs, the company reported a significant operating loss, further exacerbated by substantial finance costs. This led to an increased…
Japan continue to torment Sri Lanka with undue influence
The Japanese government today officially announced the release of funds for the resumption of development projects undertaken in Sri Lanka. A special press conference to officially announce the release of funds for restarting the projects was held today (24) at the Auditorium of the Ministry of Finance. The official announcement of Dr. TANAKA Akihiko, President…
Wire & Cable Sector Analysis (FY 2023/24)
Comparative Analysis of Wire & Cable Sector Companies listed on the Colombo Stock Exchange for year ended 31st March 2024. ACL Cables PLC ACL Cables PLC (ACL.N0000) experienced a challenging year, marked by a decline in revenue and profitability. The company’s gross and operating profits saw significant reductions due to increased costs and expenses, which…
Latest Research Reports available at ResearchHUB
Here are some of the latest research reports available on LankaBIZ’s ResearchHub: You can explore these reports and more by visiting the LankaBIZ ResearchHub to download detailed and AI-generated research and analytical reports on Sri Lankan companies and industries.
Maharaja Foods PLC – IPO Analysis
Financial Performance Concerns Download Full Report: https://lankabizz.net/product/maharaja-foods/ While MFL has shown growth in revenue, the dependency on export markets, especially with fluctuating economic conditions in Europe and Australia, poses a risk. The company’s revenue from exports reached LKR 317.3 million in FY 2023/24, which indicates heavy reliance on international markets.The local market contribution has declined…
