Investing in Sri Lanka
Printed From: The Equity Desk
Category: Economy, Markets and commodities
Forum Name: Emerging Markets
Forum Discription: The global economy seems interlinked and connected. Emerging markets is where the new money would flow in and here we discuss the various issues that could affect these emerging markets.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2309
Printed Date: 07/May/2025 at 7:18pm
Topic: Investing in Sri Lanka
Posted By: basant
Subject: Investing in Sri Lanka
Date Posted: 19/Aug/2009 at 8:19pm
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A nation coming out of three decades of struggle wil provide the biggest opportunities in companies focussed on the domestic sector not exporters. Its the same logic of investing in Infosys for India's growth!WHat are their equivalents of our L&T, BHEL, Nestle, HDFC Bank? Any idea?
Personally I do not like tea companies unless one is betting in and out. Over a period of 5-10 years they underperform the sensex and getting in and out for me is as much luck as skill.
Anyway we need a special topic for Sri Lanks. Is there any dedicated website for any of their stock exchanges or something like we have Moneycontrol or lnks to their top MF holdings (if at all there exists one).
If none of these exist then it is more a case for being bullish.
I doubt if any MF will be able to bet well there the best thing to do will be to buy out their index or put US $ XXX each into their top 50 companies by market cap!!!
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Replies:
Posted By: chimak10
Date Posted: 19/Aug/2009 at 8:30pm
Now let's try my hand on Sri Lanka's stocks........with me all stocks are same
Site says sri lankas only online stock forum http://www.stockit.biz/forum/index.php - http://www.stockit.biz/forum/index.php |
Posted By: chimak10
Date Posted: 19/Aug/2009 at 8:32pm
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http://en.wikipedia.org/wiki/Milanka_Price_Index#Banks.2C_Finance_.26_Insurance_sector - http://en.wikipedia.org/wiki/Milanka_Price_Index#Banks.2C_Finance_.26_Insurance_sector
The Milanka Price Index is one of the principal stock indices of the Colombo Stock Exchange in Sri Lanka. It is composed of a select group of 25 stocks, a list which is reviewed each quarter, as opposed to the Colombo Stock Exchange's "All Share Price Index", which uses all of the ~250 stocks on the exchange to calculate an index value. |
Posted By: d_karthick
Date Posted: 19/Aug/2009 at 8:58pm
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website of Colombo Stock Exchange http://www.cse.lk/welcome.htm - http://www.cse.lk/welcome.htm%20 - http://www.cse.lk/welcome.htm (how to open account) http://https://www.blogger.com/comment.g?blogID=8896919920456235363&postID=4792250896037881919 - https://www.blogger.com/comment.g?blogID=8896919920456235363&postID=4792250896037881919 - https://www.blogger.com/comment.g?blogID=8896919920456235363&postID=4792250896037881919 http://www.lankabusinessonline.com/ - http://www.lankabusinessonline.com/ |
Posted By: FutureBull
Date Posted: 20/Aug/2009 at 1:28pm
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i think war-torn country will first try to build infrastructure and they can always find money to do it as many agencies and countries would be willing to support the program. Best is to find quality infra play like road builders, home builders, electricity generators etc. and after finding it we need to explore how could we invest being an Indian citizen ------------- ‘The market always does what it’s supposed to — BUT NEVER WHEN’. |
Posted By: dee007pak
Date Posted: 20/Aug/2009 at 10:15pm
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With the expected growth in business in Sri Lanka, Indian companies who are already present there eg Lanka IOC (running a number of petrol stations), Lankan Ashok Leyland (manufacturing bus bodies), Tatas (Hotels & tea plantations) etc should also do well. Bharti Airtel may also be bidding for their largest mobile network operator Millicom. -------------  “ Money talks… but all mine ever says is good-bye.” -Anon
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Posted By: Vrishali
Date Posted: 20/Aug/2009 at 10:55pm
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Bajaj Auto is a big player in Sri Lanka. All the three wheelers you see on the road are Brand Bajaj in addition to their scooters and Motorcycles. Also Maruti is big brand there. This is what I observed during my Lanka visit 2 years back. ------------- "Diversification is a protection against ignorance. It makes little sense for those who know what they're doing." - Warren Buffet |
Posted By: basant
Date Posted: 20/Aug/2009 at 6:42am
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Maybe all indian companies would be working that way. L&T could also be present there. Ambuja does transport cement to the island nation though.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 20/Aug/2009 at 9:41am
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the chinese already have a very big presence in lankas infra and resource industry
------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: SORUB
Date Posted: 20/Aug/2009 at 11:17am
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As far as i know nestle and hatton national bank are great brands there. i have asked my friend to bring some magazine related to markets ------------- K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!! |
Posted By: Hitesh Shah
Date Posted: 20/Aug/2009 at 11:28am
This is largely due to India's ambiguous role in the recent conflict. I think China is outflanking us in numerous ways. ------------- |
Posted By: wiseowl
Date Posted: 21/Aug/2009 at 1:44pm
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How stable would the Srilankan Rupee be in future? If it falls against the dollar, stock market profits could shrink.
------------- You alone are responsible for your actions. |
Posted By: tigershark
Date Posted: 21/Aug/2009 at 4:37pm
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look at srilankan tourism fy10 and fy11 could be big yrs for them
------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: Monkey
Date Posted: 21/Aug/2009 at 1:11am
I guess Sri Lanka is great place for a nice vacation. (I would have a gala time jumping all over the place!! ) With war over, tourism should thrive. I am not sure whether Indian hotels has any presence over there. Other area comes to my mind are agri-commodities. (Afterall that is what Monkeys like most!!) Whatever may be the case, it is diffcult to play the story indirectly. I hope someone offers Sri Lankan index ETF in India.
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Posted By: basant
Date Posted: 21/Aug/2009 at 11:04am
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Purvankara said on TV yesterday that it is getting into low cost housing in Sri lanka. Now the question is what percentage of its total revenue can come from there? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: dkarthick
Date Posted: 27/Aug/2009 at 7:29pm
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http://business.in.com/article/cross-border/a-new-battle-for-ceylon/3302/1 - http://business.in.com/article/cross-border/a-new-battle-for-ceylon/3302/1 |
Posted By: wiseowl
Date Posted: 30/Sep/2009 at 11:20am
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"I am not buying any emerging markets ( Says Jim Rogers in an interview to CNBC-TV18. http://www.moneycontrol.com/news/fii-view/why-jim-rogers-is-not-buying-stocks-now_417240-1.html ------------- You alone are responsible for your actions. |
Posted By: sureshbazi
Date Posted: 30/Oct/2009 at 10:43pm
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Page industries has a licence to sell in sri lanka. this might add some sales to the company. ------------- 'It is only when you combine sound intellect with emotional discipline that you get rational behavior.' – WB. |
Posted By: Vrishali
Date Posted: 17/Nov/2009 at 5:34am
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http://economictimes.indiatimes.com/articleshow/5238800.cms?flstry=1 - ------------- "Diversification is a protection against ignorance. It makes little sense for those who know what they're doing." - Warren Buffet |
Posted By: wiseowl
Date Posted: 09/Dec/2009 at 11:14am
| http://business.rediff.com/report/2009/dec/09/tech-mphasis-to-hire-2000-in-lanka.htm - |
Posted By: wiseowl
Date Posted: 13/Dec/2009 at 10:49am
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http://www.business-standard.com/india/news/cairn-india-begins-work-at-oil-block-in-sri-lanka/80655/on - Cairn India begins work at oil block in Sri Lanka
------------- You alone are responsible for your actions. |
Posted By: chimak10
Date Posted: 06/Jan/2010 at 11:38am
Sri Lankan stock market outperforms global markets  ??????
http://247wallst.com/2010/01/01/sri-lanka-stock-index-topped-results-of-all-other-nations-in-2009/ - http://247wallst.com/2010/01/01/sri-lanka-stock-index-topped-results-of-all-other-nations-in-2009/ |
Posted By: mack
Date Posted: 17/Jan/2010 at 7:30pm
"New York Times selects Sri Lanka as a travel hot spot" Link: http://sundaytimes.lk/100117/Magazine/sundaytimestvtimes_13.html It seems tourism is the most thriving sector in SriLanka now. I had been to Lanka last year. Plenty of international tourists and the hotel persons say the numbers are better than the earlier year. Apart from big hotels, we couldnt see much high rise buildings. Roads are well constructed (some roads, mainly southern highways, constructed after the tsunami tragedy), but not so wide. Traffic is not that heavy (For me, who went from India !!!). Autos of most indian and foreign manufacturers are there on the roads. They say many have been used cars. For used cars import duty is less. One brand new Swift when imported cost them around 10 lakhs (in Rs). And then they say gem exporting is a revenue source, but I dont know how organised and gainful that sector is. What I understood is that they are projecting their cultural heritage, beaches and tea internationally for attraction of tourists. And there are many as a result. Also, Colombo University attracts many foreign students (course fee is cheap ?)... ------------- Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something |
Posted By: mack
Date Posted: 17/Jan/2010 at 7:53pm
I know Taj @ Colombo and Country Club @ Kandy. ------------- Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something |