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Sri Lanka Equity Forum
සිංහල පරිවර්තනය
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SLEF Market Sentiment Indicator

73% 73% [ 1145 ]
27% 27% [ 428 ]

Total Votes : 1573

Latest topics
» BALA WILL BE A STAR
by fireshelter Today at 12:25 am

» Who is a HNWI
by Yahapalanaya Yesterday at 9:41 pm

» RENUKA CAPITAL PLC (KZOO.N0000)
by Elahara Yesterday at 6:57 pm

» MULL heating up!
by anjelo Yesterday at 4:53 pm

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by reyaz Yesterday at 3:07 pm

» AINV.N is ready to run ?
by Neluka Karannagoda Yesterday at 2:24 pm

» KGAL at LKR 70
by SIRRA123 Yesterday at 12:50 pm

» VALLIBEL FINANCE PLC
by SIRRA123 Yesterday at 12:20 pm

» HEXP Starts Next Run to Rs.300
by J-CAT Yesterday at 11:51 am

» ACME & LCEM ??
by Tissa Yesterday at 11:34 am

» CFVF run Will start soon
by kjojo Yesterday at 10:54 am

» WHERE NDB & DFCC ARE HEADING??
by worthiness Yesterday at 10:50 am

» Fresh cut bank instrument for lease/sale, such as BG,SBLC, MTN, Bank Bonds
by jonbroker Yesterday at 10:24 am

» Penny TESS 7.4Mn trade volume!
by anjelo Yesterday at 9:21 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Yesterday at 4:36 am

» PABC : This must pass 20 rs. level very soon
by soileconomy Thu Oct 19, 2017 9:31 pm

» Today run LOFC 5+
by kjojo Thu Oct 19, 2017 8:25 pm

» Planning to buy some shares - Suggession please
by sanjulanka Thu Oct 19, 2017 7:33 pm

» Comparison TAFL,BFL & GRAN
by TARGET Thu Oct 19, 2017 7:14 pm

» LLUB - At the Current Price
by kjojo Thu Oct 19, 2017 5:49 pm

» Positive Trends.. Exports up..
by ranferdi Thu Oct 19, 2017 5:03 pm

» LCEM 10/-.......
by kjojo Thu Oct 19, 2017 2:46 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Thu Oct 19, 2017 1:32 pm

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Thu Oct 19, 2017 9:09 am

» The New Pope: Bergoglio of Argentina
by leasingmandate Wed Oct 18, 2017 5:41 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Wed Oct 18, 2017 8:03 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

HSBC shuffles frontier market picks, upgrading Sri Lanka and cutting Vietnam

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HSBC shuffles frontier market picks, upgrading Sri Lanka and cutting Vietnam

Post by VALUEPICK on Sat May 07, 2016 5:25 am

http://www.cnbc.com/2016/05/06/hsbc-shuffles-frontier-market-picks-upgrading-sri-lanka-and-cutting-vietnam.html

HSBC is turning positive on Sri Lanka as a frontier market pick, but it's lowering exposure to Vietnam after the recent rally.


HSBC's upgrade of Sri Lanka's upgrade to "positive" from "negative" may surprise some. The country only reached an agreement with the International Monetary Fund for a $1.5 billion bailout last month after foreign exchange reserves dwindled amid a slump in exports.


While HSBC acknowledges Sri Lanka's rising fiscal and external vulnerabilities, it believes all the negative news is now priced in.


"The deal is a good opportunity for the government to replenish its forex reserves, ease the debt burden and pursue long-term fiscal and macro reforms," HSBC said.


And for stock investors, HSBC noted that the last time Sri Lanka received a tranche of a loan from the IMF, in 2012, the local stock market rose 42 percent over the next six months.


HSBC also expects company earnings have bottomed and will see some improvement, while the market's high dividend yield of over 3 percent should attract yield-seeking investors.


Among market sectors, it expects Sri Lanka's construction and building materials industries will benefit from the restarting of several stalled infrastructure projects. Tourism is also a focus, it said.


Tourist arrivals in 2015 climbed nearly 18 percent from 2014, reaching more than 1.8 million arrivals, nearly quadruple the level a decade ago, according to government data.


When it comes to economic growth, HSBC expects that will depend on whether infrastructure projects restart, forecasting gross domestic product (GDP) expansion will slow to 4.7 percent, compared with a previous forecast for 6.3 percent.


The Colombo Stock Exchange All-Share index is down more than 4 percent so far this year after tacking on more than 8 percent so far this quarter.
But while it is turning more positive on Sri Lanka, HSBC has downgraded Vietnam, another frontier market to "neutral" from "positive."


"We continue to regard Vietnam as one of the better-managed frontier market economies in the world and remain positive about its long-term story," it said. "However, following the recent rally we think the market is now relatively expensive compared to its peers and also lacks any near-term catalyst."
It noted that the VN Index is up more than 15 percent since it hit a trough in mid-January after the U.S. Federal Reserve hiked interest rates in December.
Additionally, HSBC said it has cut its full-year gross domestic product (GDP) growth forecast to 6.3 percent for this year from 6.7 percent previously as government funding constraints are likely to slow public investment.


The pace of reforms in the country has also been slower than expected, and with a new government "settling in," not much progress is expected near term, HSBC said.
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