Tag Archives: Stock brokers in Sri Lanka

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the Bond and equity Market performance – 23.05.2019

Treasury Bills and Bonds in Sri Lanka

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the bond and equity market performance – 23.05.2019

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 22.05.2019

Treasury Bills and Bonds in Sri Lanka

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 22.05.2019

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 provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Hiruni Perera, Senior Research Analyst, at First Capital on the bond and equity market performance – 21.05.2019

Treasury Bills and Bonds in Sri Lanka

Hiruni Perera, Senior Research Analyst, at First Capital on the bond and equity market performance – 21.05.2019

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 provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 16.05.2019

Treasury Bills and Bonds in Sri Lanka

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 16.05.2019

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 15.05.2019

Treasury Bills and Bonds in Sri Lanka

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 15.05.2019

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 14.05.2019

Treasury Bills and Bonds in Sri Lanka

Dimantha Mathew, Head of Research, at First Capital on the bond and equity market performance – 14.05.2019

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 provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Foreign buying high; swimming against the tide

SUNDAY TIMES | 19.05.2019

It was a case of ‘the time to buy is when there is blood on the streets’ for foreign investors at the Colombo share market for the past month.

The worse things seem in the market, the better the opportunities are for profit for foreigners, when analysing their buying behaviour since the Easter terror attacks till mid last week, analysts say.

They say that foreign funds believe in ‘bad times make for good buys’. “This is swimming against the current of common opinion and coming out on top,” an analyst opined. Some foreign funds are asking for certain stock quantities that stockbrokers cannot offer, he said noting that they act on ‘when everyone else is selling, it’s a great time to purchase.’

The Easter Sunday terror attacks haven’t perturbed the foreign buyers so much so, that they are placing orders for stock quantities that the brokers can’t find,” another stock market analyst added. In the aftermath of the attacks, foreigners have been on a buying spree. By last Tuesday net foreign buying was at Rs. 1.8 billion. Wednesday saw a bit of selling, but analysts said that buying will rebound by this week.

“Except for Sri Lanka, foreigners have experienced attacks such as these in most of South Asia. Most emerging foreign funds are used to this. Now they only rely on the valuations,” Dimantha Mathew, Head of Research at First Capital told the Business Times. The Colombo Stock Exchange (CSE) has been trading at 8 to 9 times earnings in the recent past. “Terror attacks have happened elsewhere in the region. Now most foreigners are immune to this kind of situation. We saw that foreigners increased their exposure immediately after the attacks and grabbed the opportunity,” Mr. Matthews noted.

Other analysts agreed. They said that the silver lining in the whole sad situation is that most western investors understand the enemy because they have lived with the same threat. “So even now they’re looking for bargains,” an analyst said.

Tundra Sustainable Frontier Fund in its April update said that “this type of event should be seen as uncommon in Sri Lanka as it was in Paris, Marseille or Stockholm. There is no traditional breeding ground for religiously motivated terrorism in the country. The civil war that ended in 2009 had a completely different background.” The statement added that the recruitment base for terrorists tends to be found among the most vulnerable groups of a population with limited educational background, whereas several of the attackers in this case were well-educated, some educated abroad. “Sri Lanka is often used as an example of a country with great tolerance for different religions and although confrontations have arisen between mainly Buddhists and Muslims, one must conclude that the shock from the events is as significant as when it occurred in Sweden,” it said.

Mr. Matthews said that the macro economy is improving with liquidity increasing in the market etc. “With liquidity increasing, interest rates will be lower. We also see inflows coming in. These are aid to rebuild, worker remittances to build what was destroyed in their families, etc which will help the increase in money supply.”

However, the paradox is that locals sold because they thought that foreigners will do so too. “Local investors got it wrong,” the analyst said.

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 provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

 

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the Bond and equity Market performance – 09.05.2019

Treasury Bills and Bonds in Sri Lanka

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the bond and equity market performance – 09.05.2019

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 provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.

Expolanka sees steady growth

CEYLON TODAY | 08.05.2019

Investment Bank in Sri Lanka

A global presence in all major apparel sourcing regions for USA provides a strategic benefit for Expolanka Holdings (EXPO) due to the prevailing trade tensions between USA and China, First Capital Research (FCR) stated the firm in an equity analytical report.

Therefore, as stated in the report, FCR expects EXPO’s top line to grow above the industry average at a Compound Annual Growth Rate (CAGR) of 17 per cent for the next two financial years, driven by volumes in the medium-term with the global presence in all the major apparel sourcing regions for USA, alongside further expansion into USA (North American trade lane; a critical growth driver) and key markets in Asia.
“EXPO earnings are likely to grow at a CAGR of c.17 per cent FY19-21E with earnings growing by 77 per cent in FY19E and 43 per cent in FY20E. Post-restructuring, the group is now beginning to show a turnaround in the overall business, reporting consistent net profit growth and more focus on the core logistic business driving revenue,” it stated.
EXPO has a global presence in all major apparel sourcing regions for USA, which would provide a strategic benefit due to the prevailing trade tensions between USA and China.
The Global Apparel industry is growing at a five-year CAGR of c.6.9 per cent, while the global logistic industry is expected to grow at a five-year CAGR of c.7.2 per cent, further supporting EXPO’s organic volume growth.
EXPO has completed its restructuring process by generating Rs 2.5 billion in benefits through divesting non-core investment sector. The funds have been re-invested in the freight forwarding business and warehousing facilities. Following the divestments, with the heavy focus on logistics, EXPO plans to take on the challenge of diversifying into new verticals within the logistics sphere with a view to maintain volume growth.
EXPO has initiated plans to cater to pharmaceutical and tech companies, as the need for air exports has grown much more significant. Such Investments would focus on moving into an array of fast-growing verticals such as pharmaceuticals, electronics, retail and e-commerce business to drive volume growth.

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

 

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the Bond and equity Market performance – 07.05.2019

Treasury Bills and Bonds in Sri Lanka

Atchuthan Srirangan, Assistant Manager – Research, at First Capital on the bond and equity market performance – 07.05.2019

First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research delivers a heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis. With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.