Corporate earnings to increase
6:59 PM // 0 comments // Unknown // Category: newsThe CSE has been able to capture more attention and interest in foreign investments compared to the regional markets.
There will be a 40 percent growth in the earnings of listed companies in the Colombo Stock Exchange (CSE) whereas the listed companies in the regional countries will record a growth of around 18 to 22 percent for this year.
Speaking to the Daily News Business Richard Pieris Securities CEO Jayantha Perera said the country indicates a positive economic outlook with the low interest rate regime encouraging tax system. “The growth momentum will continue,” he said.
The listed companies and investors will benefit remarkably while contributing immensely to enhance the economy.
The expected earnings in the market are trading currently at a price earning multiply of around 14 times.
“Investors are coming back and little collections on certain counters such as banking, food and beverage and retail sectors are noticed. Since the commodity prices have increased these counters have attracted an impressive number of investors. The overall market will re-bound fully at the beginning of May. Currently, there are a flock of buyers, but not enough sellers. This generates a lower daily turnover in the market,” he said.
There will be a number of upcoming Initial Public Offerings (IPOs) in the next few months and those who will not enter the capital market within the next couple of months will definitely regret.
The existing companies and the investors are harnessing high returns on their investments. There will be around four IPOs lined up for the next three months and this indicates the confidence level of both foreign and local investors over the CSE.
source - www.dailynews.lk
wait
Related posts :
0 comments for this post
Leave a reply
TOP POST
-
Euro is turning lower today, after some gains earlier. Now, though, the 17-nation currency is falling back as Forex traders try to determine...
-
The US dollar gained today as signs of an economic slowdown in China damped risk appetite of investors and made them to return to the safety...
-
Vietnam //
-
Name: Jin Mei XiEnglish name: Olwen Jin Date of birth: August 21, Place of birth: Shandong Province Yantai City, China Height: 175 cm Weig...
-
As you'll recall from yesterday, there was one small detail that stood out in Microsoft's announcement of a new preview program for...
-
Chinese Stunning Model Anata Wang Ying
-
The first of Dalao class was commissioned in 2010 and within one year, the second boat was launched. Quietly, PLAN's submarine force is ...
-
Elly Tran Ha is an American-borned-Vietnamese, who has recently moved back to Vietnam from the USA. She works as a part-time model while fur...
-
The Swiss franc was down for the second week as prospects of peg of the currency to the euro significantly reduced appeal of the fra...
-
Hot And Sexy Upcoming Actress Uthpala Madushani, Uthpala Madushani Hot, Uthpala Madushani Bikini, Uthpala Madushani sexy, Uthpala Madushan...
Total Pageviews
- 2008 - 2009 SimplexDesign. Content in my blog is licensed under a Creative Commons License.
- SimplexPro template designed by Simplex Design.
- Powered by Blogger.com.