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Hayleys has a hearty FY12

Posted May 19th, 2012 under News by

Achieves best-ever results in 134-year history Pre-tax profit at Rs. Rs 4.8 billion, post-tax figure Rs. 3.8 b Profit attributable to equity holders of the company up 269% to Rs. 2.5b Turnover up 15% to Rs 62.5 b A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of [...]

SEC resolves NSB-TFC in-limbo trade via private transfers

Posted May 19th, 2012 under News by

The Securities and Exchange Commission (SEC) said yesterday it has approved the transfer of The Finance Company (TFC) shares from NSB back to the sellers, resolving the controversial transaction that took place on 27 April and has remained in limbo since. Though approving the transfer SEC said it was continuing with the investigations on the [...]

Stocks end flat as economic woes weigh

Posted May 19th, 2012 under News by

Reuters: Sri Lankan shares barely moved on Friday in thin trade with economic woes and rising interest rates weighing on the market. The main share index edged up just 0.01 percent, or 0.56 points, to 5,222.09, its highest close since May 9. It jumped more than 2 percent on Wednesday on retail buying on the [...]

Market Watch Daily: Early enthusiasm fails to prevail

Posted May 18th, 2012 under Market Reports by

Indices were up during early trading gathering momentum from yesterday. However activity levels dried down as the day progressed, posting the turnover below 200 Mn mark. Lacklustre investor participation in blue chip counters weighed on the turnover while indices closed on a mixed note. Penny counters dominated the market while interest was witnessed in PCP and ATL. The share [...]

Turnover 3rd lowest for 2012…

Posted May 18th, 2012 under Market Reports by

CSE Diary for 17.05.2012   Sri Lanka equities recorded the 3rd lowest turnover for the year with activity levels and investor interest tumbling down. The turnover recorded was a mere LKR168 while volumes were moderate at 22mn. Both indices started the day on a positive note during the morning hour with ASPI 18 points up [...]

Divided tea industry brews export rebound in March

Posted May 18th, 2012 under News by

The industry may be currently involved in infighting, but tea exports have made a welcome rebound in March after suffering sharp declines in the previous two months of the New Year. Overall exports grew by Rs. 1.1 billion or 7.4% to Rs. 16 billion in March aided by better performance by tea shipments in bulk [...]

Sri Lanka unit trust industry to reach Rs. 50 b in five years

Posted May 18th, 2012 under News by

Ceybank and BOC open corporate office and extension office in Ward Place By Cheranka Mendis  Sri Lanka’s unit trust industry aims to grow to a Rs. 50 billion industry within the next five years. Even though the industry is at a very early stage at present, the potential to grow is huge, said Ceybank Asset [...]

Bourse turnover dips to third lowest

Posted May 18th, 2012 under News by

The Colombo stock market recorded the third lowest turnover for the year, with activity levels and investor interest tumbling down. Arrenga Capital said turnover recorded was a mere Rs. 168 while volumes were moderate at 22 million. Both indices started the day on a positive note with ASPI 18 points up and MPI 22 points [...]

MBSL says savings subsidiary sale will result in a profit of Rs. 325 m

Posted May 18th, 2012 under News by

The Merchant Bank of Sri Lanka (MBSL) in a filing to the Colombo Stock Exchange (CSE) has stated that The Daily FT articles of 14 and 15 May had carried misleading insinuations over the position with regard to the disposal of the shares of MBSL Savings Bank. Chairman M.R. Shah’s filing to the CSE is [...]

LOLC Group bullish on regenerating north east

Posted May 18th, 2012 under News by

Opens three branches in Nelliady, Chunnakam and Chavakachcheri Steeped in a rich history of 32 years, LOLC’s strategic vision and agility have enabled its companies to leverage growth opportunities evolving in the national landscape. With primary business interests in the financial services sector, the LOLC Group – one of the leading blue chip companies of [...]

Taprobane share peaks to Rs. 10 before closing up 16% on debut

Posted May 18th, 2012 under News by

Taprobane Holdings Ltd., which debuted yesterday on the Colombo Stock Exchange, peaked to a high of Rs. 10 before closing at Rs. 7, one rupee or 16.67% from its indicative price. The debutant saw 653,782 of its shares changing hands via 446 transactions. It was the fourth highest gainer percentage wise yesterday. Classified as a [...]

Market Watch Daily: Surge across the board

Posted May 17th, 2012 under Market Reports by

A much anticipated revival was witnessed in the bourse today with ASPI gaining around 88 points. Investor interest was mainly witnessed in SPEN, BLUE.X, LLUB and SFS. Crossings pertaining to SAMP and SPEN helped turnover boost while price appreciations in NEST, DIAL, CTC contributed mostly to the ASPI. Investor participation was rejuvenated in AMSL while the share price closed flat [...]

Hayleys has a hearty FY12

Posted May 19th, 2012 under News by

Achieves best-ever results in 134-year history Pre-tax profit at Rs. Rs 4.8 billion, post-tax figure Rs. 3.8 b Profit attributable to equity holders of the company up 269% to Rs. 2.5b Turnover up 15% to Rs 62.5 b A challenging operating environment notwithstanding, Hayleys Group has posted its best annual earnings in the history of [...]

SEC resolves NSB-TFC in-limbo trade via private transfers

Posted May 19th, 2012 under News by

The Securities and Exchange Commission (SEC) said yesterday it has approved the transfer of The Finance Company (TFC) shares from NSB back to the sellers, resolving the controversial transaction that took place on 27 April and has remained in limbo since. Though approving the transfer SEC said it was continuing with the investigations on the [...]

Stocks end flat as economic woes weigh

Posted May 19th, 2012 under News by

Reuters: Sri Lankan shares barely moved on Friday in thin trade with economic woes and rising interest rates weighing on the market. The main share index edged up just 0.01 percent, or 0.56 points, to 5,222.09, its highest close since May 9. It jumped more than 2 percent on Wednesday on retail buying on the [...]

Divided tea industry brews export rebound in March

Posted May 18th, 2012 under News by

The industry may be currently involved in infighting, but tea exports have made a welcome rebound in March after suffering sharp declines in the previous two months of the New Year. Overall exports grew by Rs. 1.1 billion or 7.4% to Rs. 16 billion in March aided by better performance by tea shipments in bulk [...]

Sri Lanka unit trust industry to reach Rs. 50 b in five years

Posted May 18th, 2012 under News by

Ceybank and BOC open corporate office and extension office in Ward Place By Cheranka Mendis  Sri Lanka’s unit trust industry aims to grow to a Rs. 50 billion industry within the next five years. Even though the industry is at a very early stage at present, the potential to grow is huge, said Ceybank Asset [...]

Bourse turnover dips to third lowest

Posted May 18th, 2012 under News by

The Colombo stock market recorded the third lowest turnover for the year, with activity levels and investor interest tumbling down. Arrenga Capital said turnover recorded was a mere Rs. 168 while volumes were moderate at 22 million. Both indices started the day on a positive note with ASPI 18 points up and MPI 22 points [...]

MBSL says savings subsidiary sale will result in a profit of Rs. 325 m

Posted May 18th, 2012 under News by

The Merchant Bank of Sri Lanka (MBSL) in a filing to the Colombo Stock Exchange (CSE) has stated that The Daily FT articles of 14 and 15 May had carried misleading insinuations over the position with regard to the disposal of the shares of MBSL Savings Bank. Chairman M.R. Shah’s filing to the CSE is [...]

LOLC Group bullish on regenerating north east

Posted May 18th, 2012 under News by

Opens three branches in Nelliady, Chunnakam and Chavakachcheri Steeped in a rich history of 32 years, LOLC’s strategic vision and agility have enabled its companies to leverage growth opportunities evolving in the national landscape. With primary business interests in the financial services sector, the LOLC Group – one of the leading blue chip companies of [...]

Taprobane share peaks to Rs. 10 before closing up 16% on debut

Posted May 18th, 2012 under News by

Taprobane Holdings Ltd., which debuted yesterday on the Colombo Stock Exchange, peaked to a high of Rs. 10 before closing at Rs. 7, one rupee or 16.67% from its indicative price. The debutant saw 653,782 of its shares changing hands via 446 transactions. It was the fourth highest gainer percentage wise yesterday. Classified as a [...]

Planters Association says tea imports spell doom!

Posted May 17th, 2012 under News by

The Planters’ Association of Ceylon (PA) yesterday reacting strongly to the statement made by the Tea Exporters Association (TEA), at which they have stated, inter alia, that the import of orthodox black tea would not impact adversely on Pure Ceylon Tea as a premium brand. The PA is in total disagreement. While the TEA, by [...]

Bourse jumps 2% on easing global pressure hopes

Posted May 17th, 2012 under News by

Reuters: Sri Lanka’s stock market climbed more than two per cent on Wednesday to a one-week high as retail investors snapped up hotel and diversified shares on the hope that President Mahinda Rajapaksa would soon order the release from prison of the former Army Chief and prompt more foreign inflows to the market. The main [...]

CSE debut today for Taprobane Holdings

Posted May 17th, 2012 under News by

Shares of Taprobane Holdings Ltd. will debut today on the Colombo Stock Exchange, making it the latest to list via introduction. The company’s 732,949,140 ordinary voting shares will be listed on the Diri Savi Board. The security code is TAP-N-0000 and the company is classified under the Diversified Sector.THL’s principal business is investment and management [...]

Suntel is history now

Posted May 17th, 2012 under News by

The country’s first-ever wireless fixed line operator Suntel is now history.   Dialog Axiata said yesterday that following the completion of the amalgamation of Suntel Ltd., with its parent Dialog Broadband Networks Ltd., Suntel will cease to exist as a corporate entity from 15 May. Its assets, liabilities and operations in their entirety have been [...]

Market Watch Daily: Early enthusiasm fails to prevail

Posted May 18th, 2012 under Market Reports by

Indices were up during early trading gathering momentum from yesterday. However activity levels dried down as the day progressed, posting the turnover below 200 Mn mark. Lacklustre investor participation in blue chip counters weighed on the turnover while indices closed on a mixed note. Penny counters dominated the market while interest was witnessed in PCP and ATL. The share [...]

Turnover 3rd lowest for 2012…

Posted May 18th, 2012 under Market Reports by

CSE Diary for 17.05.2012   Sri Lanka equities recorded the 3rd lowest turnover for the year with activity levels and investor interest tumbling down. The turnover recorded was a mere LKR168 while volumes were moderate at 22mn. Both indices started the day on a positive note during the morning hour with ASPI 18 points up [...]

Market Watch Daily: Surge across the board

Posted May 17th, 2012 under Market Reports by

A much anticipated revival was witnessed in the bourse today with ASPI gaining around 88 points. Investor interest was mainly witnessed in SPEN, BLUE.X, LLUB and SFS. Crossings pertaining to SAMP and SPEN helped turnover boost while price appreciations in NEST, DIAL, CTC contributed mostly to the ASPI. Investor participation was rejuvenated in AMSL while the share price closed flat [...]

ASPI records the biggest gain in a month…

Posted May 17th, 2012 under Market Reports by

CSE Diary for 16.05.2012   Bourse puts a halt to its recent losing streak amidst a fresh round of buying energised by the local participants as the benchmark index gained as much as c.102 points at its peak of 5,227 and consequently the index closed at 5,213.7 points (+1.7%). The sensitive Milanka also secured a [...]

Dreary market…

Posted May 16th, 2012 under Market Reports by

CSE Diary for 15.05.2012   Lackluster trading persisted throughout the day with the indices largely remaining unchanged. Crossings in John Keells Holdings and Distilleries Company of Sri Lanka during the first half of trading breathed in some values to the day’s turnover levels, though not in a big way.  Loss aversion is making the investors [...]

Market Watch Daily:A slight sigh of relief

Posted May 15th, 2012 under Market Reports by

Price revival of some big-cap counters helped ASPI close in green while MPI closed almost stagnant. Accumulation continued in JKH while DIAL share price recovered slightly to close at LKR 5.40, gaining 3.85%. A crossing of 234,000 shares was recorded for COMB at LKR 104.50. However, investor participation remained low while net foreign inflow was positive yet again. • Bank, [...]

Indices snap early gains, closing on mixed sentiments…

Posted May 15th, 2012 under Market Reports by

CSE Diary for 11.05.2012 Having fallen to a low of c.5,109 points on Friday, indices were seen starting off in the green. However, this proved to be unsustainable as activity levels slowed to a mere 18 mn while the indices snapped early gains to close on a mixed note. The ASPI gained as much as [...]

ASPI Lowest since Feb 2012…

Posted May 14th, 2012 under Market Reports by

CSE Diary for 11.05.2012 The bourse entered the 9th consecutive day of declines amidst low investor sentiment. Turnover remained at a moderate LKR346 while volume was 26m. The negative contributors outperformed the gainers by 83 with large caps led by Dialog, SLTL and Trans Asia. John Keells Holdings ranked No.1 in turnover today with 237k [...]

Market Watch Daily: Free fall across the board

Posted May 11th, 2012 under Market Reports by

Prices tumble in all the sectors to bring down ASPI by 93 points. JKH topped the turnover contributors while the share price lost 1% to close at LKR 197.90. Foreign investors continued to be net buyers while foreign stake in JKH and AHUN increased by 175,476 and 410,800 shares respectively. However CLND, CTC and KGAL witnessed some interest in [...]

Dwindling bourse…

Posted May 11th, 2012 under Market Reports by

CSE Diary for 10.05.2012 The stagnant slow phase of the bourse has been taken over by a nose-drive force as the market slashed down 92.9 points today with 14 of the 25 counters of the Milanka index reaching 52-week lows. The tumbling down effect has increased the worries of investors as they see their asset [...]

Market Watch Daily: Foreigners collect in the bear market

Posted May 10th, 2012 under Market Reports by

Turnover managed to surpass the 0.5Bn mark with the negotiated deals took place in UML, JKH and ASCO. The crossing (1,700,000 shares )of UML was traded at LKR 85, a 2.30% discount to the market price while the buying party was foreign. Meanwhile, foreign accumulation was also witnessed in JKH and COMB as the foreign stake in the companies increased [...]

Bear dominates for the 7th straight session…

Posted May 10th, 2012 under Market Reports by

CSE Diary for 09.05.2012 Bourse extended losses for the 7th straight session as the indices remained in the red during the most of the day. The benchmark index has dropped +188 points over the past 7 trading days, dragging the index below the 5,300 support level closing at its intra – day low of c.5256. [...]

Market Watch Daily:Bourse continues to dip amidst credibility concerns

Posted May 9th, 2012 under Market Reports by

Bourse continued the negative momentum while plenty of concerns were raised about the ambiguity of the post-TFC deal -events. However, accumulation was witnessed in some selected counters as few crossings took place pertaining to JKH,PCH and CSF. Two crossings of CSF (5,198,741 shares) were traded at LKR 10 while the share price closed flat at LKR 9.50. Prices dipped across [...]

ECONOMIC OUTLOOK – April 2012

Posted April 10th, 2012 under Analysts View by

ECONOMIC OUTLOOK A tough year ahead…but measures in the right direction Economic Summary: Delayed decision to curb excessive credit growth Sri Lanka’s excessive credit growth experienced in the 2H2011 coupled unsustainable rupee peg was leading the country to a fresh Balance of Payments crisis forcing the Government and the Central Bank to unpopular policy decisions [...]

Setting Up Coverage: National Development Bank [NDB: LKR124.0] – BUY

Posted March 5th, 2012 under Analysts View by

NDB, currently is the fourth largest private sector listed commercial bank in the country with an asset strength of LKR142 bn (as at 31.12.2011), representing a market share of circa 4%. Loan book CAGR 20% 2012 – 2013E, amidst above average asset quality: We expect NDB to maintain a CAGR of circa 20% 2012 – [...]

Market Direction – What has happened…

Posted February 15th, 2012 under Analysts View by

What has happened… Market has taken a rapid hit since the new year opening losing 17.5% in value continuing from the bearish rally started last year. Now it has been in the bear run for one year losing 36% since hitting all time high in February 2011. There were few reasons for trend reversal such [...]

2012 Outlook: Sri Lankan Banks

Posted January 30th, 2012 under Analysts View by

Rating Outlook Strong Credit Growth: Fitch Ratings expects the earnings of Sri Lankan banks to continue to benefit from strong lending prospects in the post-civil war period (since 2009). Real GDP is forecast by the agency to increase by 8% per annum in 2012, driving strong credit demand. Licensed commercial banks, accounting for about 45% [...]

Arrenga Setting Up Coverage – Chevron Lubricants Lanka BUY

Posted January 27th, 2012 under Analysts View by

Chevron Lubricants Lanka [LLUB: LKR168.00], a 51% subsidiary of the global energy giant Chevron Corporation, is the leader in lubricants market in Sri Lanka with a market share of c.65% (LIOC – 18, Others – 17%). LLUB is one of the 2 main players with a blending plant in the country and as a result [...]

Interim Update – People’s Leasing Company [PLC: LKR14.8]

Posted January 27th, 2012 under Analysts View by

PLC, a specialized leasing company holds a market share of over 20% in the country’s Leasing & Hire Purchase sector. The company was established in 1995 as a wholly owned subsidiary of the state – run People’s Bank, which serves as the 2nd largest Licensed Commercial Bank (LCB) in Sri Lanka. PLC currently functions as [...]

Commercial Bank of Ceylon – BUY

Posted January 25th, 2012 under Analysts View by

COMMERCIAL BANK OF CEYLON – Continues to lead the way with net earnings topping LKR6.1 bn during 1-3Q2011, up 64% YoY. COMB, renowned as the benchmark private sector bank in Sri Lanka, accounted for a total asset base of LKR421.4 bn (as at 30.09.2011), which reflected nearly 12% of the total banking sector assets. Net [...]

Nations Trust Bank – 3Q2011 INTERIM UPDATE

Posted December 6th, 2011 under Analysts View by

Nations Trust Bank [NTB : LKR56.5], was established in 1999 following the acquisition and rebranding of the Sri Lankan branch of Overseas Trust Bank. The acquisition was sponsored by the Sri Lankan conglomerate John Keells Holdings [JKH : LKR162.5] & Central Finance [CFIN : LKR212.3]. NTB has now emerged to be among the fastest growing [...]

2012 Budget in Focus

Posted November 23rd, 2011 under Analysts View by

Table of Contents 1. A Challenging Deficit Target – 6.2% of GDP in 2012 I. Government Revenue targeted to grow by 20.2% YoY to LKR1,126.1 bn (14.7% of GDP) II. Total Government Expenditure to rise 14.1% YoY to LKR1,594.9 bn (21.2% of GDP) III. Recurring Expenditure to climb up by 8.7% YoY to LKR1,107.9 bn [...]

LB Finance PLC – 2QFY12 INTERIM UPDATE

Posted November 18th, 2011 under Analysts View by

LB Finance [LFIN : LKR138.6] is one of Sri Lanka’s largest Registered Finance Companies holding around 10% of the total Finance industry assets. The company’s lending portfolio has been primarily led by leasing & hire purchase facilities and gold loans, with the loan book value standing at LKR30.0 bn as at 30.09.2011. LFIN has been [...]

Nestle Lanka PLC – 3Q2011 INTERIM UPDATE

Posted November 16th, 2011 under Analysts View by

NESTLE LANKA – A safe counter to nest in your investment… Nestle Lanka [NEST : LKR871.7]  The 90.8% owned subsidiary of Nestle SA, is one of Sri Lanka’s top performing fast moving consumer goods manufacturer producing under the license of its Swiss principal in Sri Lanka. The company’s main products, including; liquid & malt beverage, [...]

Once the best performing bourse in the world

Posted November 3rd, 2011 under Analysts View by

The Colombo Stock exchange: The achievement in year 2009 and 2010 as the “World’s Best Performing Stock market” trimming up 124% and 96% respectively were groundbreaking moments since its systematic inception in 1984. The winning gap was quite a wide margin as opposed to markets in the United States and other developed economies, and was [...]

2011 Year to Date Country Performance

Posted October 18th, 2011 under Analysts View by

Below we highlight the year-to-date performance for the major equity indices of 78 countries around the world.  The most noteworthy data point in this table is the United States’ year to date change of -2.63% (S&P 500).  While we’re still in the red for the year, the US ranks 12th out of 78 in terms [...]

Expanding Tertiary Education Critical to Sri Lanka’s ‘Knowledge Hub’ Aspirations

Posted May 8th, 2012 under Research & Views by

The topic of private universities has been hotly debated over the last few months following the government’s move to present the “Quality Assurance, Accreditation and Qualification Framework Bill” (more commonly known in the media as the ‘Private University Bill’) to the Parliament, and its subsequent withdrawal. The IPS research staff engaged in an informal in-house [...]

Biz Reflections

Posted May 1st, 2012 under Research & Views by

CONFORMING TO NEW REALITIES Harin Malwatte presents a strategy that Sri Lanka should adopt in order to achieve prosperity – Savithri Rodrigo inspects his plan The 21st century has been dubbed ‘The Chindian Century,’ alluding to the superpower status that China and India have etched for themselves. Sri Lanka, being fortunate to be close in [...]

Business Sentiment

Posted May 1st, 2012 under Research & Views by

  Economic Quake Shatters Index Sri Lankans literally ran for cover on 11 April, when the island shook like never before from the massive earthquake more than 1,500 kilometres away, off Sumatra’s coast in the Indian Ocean. Thankfully, the 15 seconds or so that the earth shook under our feet wasn’t a prelude to the [...]

Talking Point

Posted May 1st, 2012 under Research & Views by

  THE COST OF LIVING IN SRI LANKA EXCLUSIVE NATIONWIDE OPINION POLL COSTLY HIKES The people have their say on the cost-of-living spiral If there ever was a subject that both rulers and the ruled are oh so touchy about, it is ‘the cost of living.’ Especially in developing countries like Sri Lanka, both parties [...]

Sampath Bank PLC: BUY

Posted March 22nd, 2012 under Research & Views by

Our valuations give an intrinsic value of LKR 233.00 per share. Currently the share is trading at LKR 187.00 which is at about 20% discount. Therefore we believe the share has 25% upside potential. Counter is trading at low price multiples (PE – 7X, PBV – 1.4X) which we believe is at considerable discount looking [...]

Mackwoods Energy Limited: IPO

Posted March 15th, 2012 under Research & Views by

Mackwoods Energy (Pvt) Ltd (MEL) is 100% owned subsidiary of Mackwoods Group which was established in 1841. Being the second oldest mercantile firm in Sri Lanka (170 years), Mackwood Groups reflects a strong presence in country’s economy with a diversified portfolio consisting Power and Energy, healthcare and agri business and plantations etc. MEL caters to [...]

Royal Ceramics Lanka PLC: BUY

Posted March 15th, 2012 under Research & Views by

Our valuations give an intrinsic value of LKR 152.00 per share. Currently the counter trades at 24.3% discount (32.1% upside potential) making the share cheap to buy at the current levels. Low PE Ratio compared to the market and sector; with high ROE. Exposure to construction industry with high growth prospects Diversification within the construction [...]

Access Engineering Limited: Initial Public Offering – Overview

Posted March 5th, 2012 under Research & Views by

Access Engineering Limited (AEL) is a construction and engineering company involved in developing large infrastructure development projects in wide range of constructions including roads & highway constructions, water & drainage constructions, bridge, building and other constructions. AEL also fully owns Access Realties Limited which operates Colombo landmark 12 storied office complex Access Towers. AEL was [...]

Winning the numbers game

Posted March 4th, 2012 under Research & Views by

By Nick Nicolaou, Chief Executive Officer Sri Lanka & Maldives for HSBC Scanning through the papers recently after the Central Bank of Sri Lanka (CBSL) published its 2011 external sector performance report, I was reminded of a pithy observation made by William W. Watt: “Do not put your faith in what statistics say until you [...]

One head is better than two

Posted March 4th, 2012 under Research & Views by

These are strange and interesting times. I scrapped two columns I wrote trying to make sense of it all. Here we are on the throes of an inflation outbreak, doubts over the availability of fuel in the future and a general feeling of uneasiness amongst readers of English media. Fortunately for those seeking confidence, it’s [...]

Many fund managers moving out of frontier markets like Sri Lanka

Posted March 4th, 2012 under Research & Views by

By Nathan Wills This year has seen the best start to the year for shares in developed economies in over 20 years. The US S&P 500 index has rallied 7.1%, the London based FTSE 100 has rallied 3.8%, the Australian based ASX 200 has rallied 4.1% and the Japanese Nikkei 225 index has rallied 9.4%. [...]

Aitken Spence Hotel Holdings PLC: Buy

Posted February 27th, 2012 under Research & Views by

Our Free Cash Flow based valuation method gives an intrinsic value of LKR 92.70 per share. Currently the counter trades at 28.8% discount (40.5% upside potential) making the share cheap to buy at the current levels. AHUN trades at low price multiples (PER/PBV) compared to the market (PER – 14.4, PBV – 1.8) and sector [...]

BT Poll: Brokers, investors in favour of ban on insider trading

Posted February 26th, 2012 under Research & Views by

A majority of stockbrokers and investors are in favour of stringent, new rules governing insider trading and risk management issues introduced by the Colombo Stock Exchange (CSE), a poll by the Business Times shows. Asked whether they are in favour of the rule where employees of broking firms who deal with clients are barred from [...]

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