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Category Archives: First Capital

First Capital Treasuries announces LKR 750Mn Debenture Issue


Published on Thursday, January 23, 2020

First Capital Treasuries PLC the Primary Dealer arm and a subsidiary of First Capital Holdings PLC (the Group), has announced that it intends to issue Listed, Rated, Subordinated, Unsecured, Redeemable Debentures with a principal value of LKR 750Mn maturing in five years with the following Interest payment options payable semi-annually; Type A – 12.75% p.a.… …
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Lessons from history; time to unload


Published on Thursday, January 16, 2020

By First Capital Research Previous Fixed Income Report – Increase exposure in mid-long tenor bondsIn line with our expectations with the easing of political uncertainty post-Presidential Election, coupled with a favourable macro environment, bond yields eased off towards our targeted bottom bands of the yield curve. The favourites that we recommended, 2023 and 2024 maturities,… …
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Sri Lanka plantations could cover wage hike with economic relief package: Minister


Published on Thursday, January 16, 2020

ECONOMYNEXT – Sri Lanka’s plantations firms will be given benefits in the form of free fertilizer, tax cuts and credit support, which would give space for them to give salary hike decreed by President Gotabaya Rajapaksa workers, co-cabinet spokesman Romesh Pathirana said. “We are hopeful that they should be able to pay these wages because… …
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Atchuthan Srirangan, Assistant Manager – Research at First Capital commenting on the bond and stock market forecast – 20.10.2019


Published on Tuesday, October 22, 2019

Atchuthan Srirangan, Assistant Manager – Research at First Capital commenting on the bond and stock market forecast   #CSE #CBSL #lka First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provides a series of actionable trade recommendations,… …
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Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond and share market performance – 01.10. 2019


Published on Wednesday, October 2, 2019

“The secondary market remained at a standstill as investors remained on the sideline due to the current uncertain environment. Stock Market concluded the day in red dragging down by CTC and CLC, recording the lowest close in 10 weeks.…..” Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond and share market performance  – 01.10.2019 First Capital… …
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Dimantha Mathew , Head of Research at First Capital commenting on the bond and share market performance – 24.09.2019


Published on Wednesday, September 25, 2019

Dimantha Mathew, Head of Research at First Capital commenting on the bond and share market performance – 24.09.2019 #CSE #CBSL #lka First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research deliver heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class… …
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Market Liquidity shoots to four-month high


Published on Monday, September 23, 2019

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Bloomberg First Word (BFW) Date: 2019-09-19 03:59:28.59 GMT LKR Little Changed as Presidential Vote Called: Inside Sri Lanka


Published on Friday, September 20, 2019

(Bloomberg) — Sri Lanka’s rupee is trading steady after the Election Commission announced that it would conduct voting for the island’s presidential election on Nov. 16. * USD/LKR little changed at 180.82 ; pair rose 0.2% on Wednesday. * “Domestic investors will take the news positively as they are expecting overall economic activity to pick… …
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First Capital Research June 2019 quarter earnings down by 10.4%


Published on Tuesday, September 17, 2019

Daily Mirror | 10 Sept 2019  First Capital Research’s June 2019 quarter recurring earnings dropped by 10.4%YoY for 271 companies. On a recurring basis June 2019 quarter earnings plunged by 10.4%YoY as subdued performance in banking (-20%YoY), consumer services (-92%YoY) and telecommunications (-27%YoY) sectors negated the positive performance of food, beverage and tobacco (+121%YoY) and… …
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Hiruni Perera, Senior Research Analyst at First Capital commenting on the bond and share market performance – 16.09.2019


Published on Tuesday, September 17, 2019

“In the bond market yield curve remained broadly unchanged during the day while overall market witnessed limited activities with low volumes. Share market ended in green for the second straight session on the gains made by MELS and BUKI…..” Hiruni Perera , Senior Research Analyst at First Capital commenting on the bond and share market… …
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