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Sri Lankan shares rise on bargain hunting, snap 5-day losing streak

Published on Friday, January 6, 2017 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares edged higher on Friday, ending a five-day losing streak and recovering from a nine-month low hit in the prior session as investors picked up battered down shares. Foreign investors turned net buyers on Friday after offloading shares for five straight sessions. The… …
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Strong growth predicted for Lankan oil palm industry

Published on Thursday, January 5, 2017 | Category:First Capital

FC Research quoted by Mirror Business  By Chandeepa Wettasinghe Sri Lanka’s oil palm plantation operators can expect strong growth in the industry for the foreseeable future due to the global palm oil demand, the research arm of a Colombo-based equity brokerage said in a report. “This growth is on the back of global palm oil… …
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Sri Lanka shares fall; foreign selling inches close to 1 bln rupees

Published on Thursday, January 5, 2017 | Category:First Capital

FIRST CAPITAL’S HEAD OF RESEARCH, DIMANTHA MATHEW, SPEAKS TO REUTERS. Sri Lankan shares fell for a fifth straight session and ended at a nine-month low on Thursday as foreign investors continued to sell shares, offloading close to one billion rupees worth of stocks in the first four sessions of the new year. Foreign investors sold… …
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Sri Lanka shares end near 9-mth low; foreign selling in Keells weighs

Published on Wednesday, January 4, 2017 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares fell for a fourth straight session on Wednesday, to end at a near nine-month low, as investors sold large-cap shares on fears that continued foreign selling in John Keells Holdings could dampen market sentiment further. Foreign investors sold a net 745 million… …
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‘Elpitiya Plantations Firing up the Palm oil Engine’

Published on Friday, December 30, 2016 | Category:First Capital

FIRST CAPITAL RESEARCH – COMPANY REPORT PUBLISHED ON THE ISLAND NEWSPAPER. Elpitiya Plantations PLC (ELPL) is a listed regional plantation company engaged in Tea, Rubber and Palm oil cultivation. ELPL is expected to grow its earnings at a CAGR of c.36% FY16-FY19E, to c. LKR 500Mn in FY19E. Earnings will grow on the back of… …
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Sri Lankan shares rise nearly 0.5 pct in high turnover

Published on Wednesday, December 28, 2016 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares closed about half a percent higher on Wednesday, recovering from a more than eight-month closing low hit in the previous session, led by blue chips such as John Keells Holdings and Hatton National Bank. Turnover was 1.73 billion rupees ($11.59 million), more… …
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INSIDE SRI LANKA: First Capital Sees LKR Weakening Through 2017

Published on Wednesday, December 28, 2016 | Category:First Capital

Wire: Bloomberg First Word (BFW) Date: Dec 28 2016 9:32:12 By Anusha Ondaatjie (Bloomberg) — Reduced political, economic uncertainty and an external environment supportive of inflows are factors required to amend expected weakness, Dimantha Mathew, head of research at First Capital, writes in report. * Says foreign reserves dangerously low * Rupee down 0.1% to 149.65/dollar; USD/LKR’s MACD… …
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Strategy Report 2017

Published on Tuesday, December 27, 2016 | Category:First Capital

Dec 2016 – “Uncertainty provides volatility; Hope in 2H2017”   Content Briefing   1.0        Track Record…………………………… 3 2.0        GDP Growth Outlook 2017…………………………… 8 3.0        Factors to Consider for 2017 Outlook……………………  11 4.0        Political Uncertainty clouds 1H2017……………………13 5.0        Economic Outlook for 1H2017 Weak: Uncertain………. 15 6.0        External Environment in Unknown Terrain……………… …
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Sri Lankan shares rise after eight sessions of falls in thin trade

Published on Friday, December 23, 2016 | Category:First Capital

FIRST CAPITAL’S SENIOR RESEARCH ANALYST, ATCHUTHAN SRIRANGAN, SPEAKS TO REUTERS. Sri Lankan shares edged up on Friday, snapping eight straight sessions of falls and moving away from a more than eight-month closing low hit in the previous session, while turnover was low in holiday-thinned trade as investors stayed away from markets ahead of the Christmas… …
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Watawala Plantations – Initiating Coverage – STRONG BUY

Published on Thursday, December 22, 2016 | Category:First Capital

FIRST CAPITAL RESEARCH – COMPANY REPORT Watawala Plantations PLC (WATA) is primarily engaged in tea and palm oil cultivation.   We initiate coverage on WATA at a time where the company has made a strategic move to dairy farming while adapting a “quality driven” strategy for tea having discontinued rubber. Read Full Report   On the back of… …
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