News & Events

Foreign interest is back; Rs. 22.7 b JKH deal big boost: Marianne Page

Daily FT  – January 13, 2020

Foreign investor interest is back in Sri Lanka and last week’s mega deal worth Rs. 22.7 billion on premier blue chip John Keells Holdings (JKH) is being flagged off as a big boost.

Consultant to the broker to the deal CT CLSA Securities Marianne Page confirmed to the Daily FT yesterday that several foreign investors were keen on buying into JKH though the 10.7% stake was snapped up by Citigroup Global Markets Ltd., Agency Trading Prop Securities A/C. The seller was Malaysia’s sovereign fund Khazanah Nasional Berhad.

Marianne Page, Consultant CT CLSA Securities the broker to the JKH deal

“We didn’t do a global roadshow on JKH stake but the market got wind of it and there were several inquiries. Locally too there was interest. All those for were smaller parcels instead of the entirety,” said the Singapore-based Page though declining to be specific.

Stock market to react positively after tax cuts – CT CLSA

Ada Derana Biz  – November, 28, 2019

“The proposals are positive for sectors across the board with reduced taxes likely to drive the overall economic activity and the broader consumer sentiment. Whilst the proposals are yet to be gazetted, we expect the stock market to react positively from 28 Nov 2019,” CT CLSA said.

Sri Lanka’s government headed by newly elected president Gotabaya Rajapaksa announced the tax cuts after the first meeting of its cabinet of ministers.

Accordingly, it was announced that the administration would do away with National building tax (NBT) on household goods, Withholding tax (WHT) on interest and debt tax, PAYE tax, government taxes imposed on religious places, with immediate effect.

4th CT CLSA Asia Frontier Forum concludes

Daily FT – June 13, 2019

The fourth two-day CT CLSA Asia Frontier Forum concluded in Colombo enlightening foreign and local institutional investors with the latest assessment of macroeconomic fundamentals, Government policy and corporate earnings outlook.

Politics bigger uncertainty for investors: Eran

Daily FT – June 12, 2019

State Minister for Finance Eran Wickramaratne yesterday said the biggest uncertainty for investors was not the economy but Sri Lanka’s tenuous politics, but reassured that the Government was focused on maintaining strong economic fundamentals in the run up to elections.

Easter Sunday attacks a setback but macro fundamentals not thrown off-track: CB Chief

Daily FT – June 11, 2019

Central Bank Governor Dr. Indrajit Coomaraswamy yesterday declared that though the Easter Sunday attacks were a setback to the economy, they have not thrown macro fundamentals off-track, nor is there any basis for growth to dip below 3% in 2019.

CT CLSA Asia Frontier Forum kicks off today

Daily FT – June 10, 2019

The CT CLSA Asia Frontier Forum will open today in Colombo, with participation of foreign and local institutional investors.

FinanceAsia Country Awards 2019

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Budget 2019 and impact on listed companies

Daily FT – March 21, 2019

Key insights from CT CLSA Securities Ltd.

Sri Lanka Outlook 2019: Challenges and opportunities

Daily FT – January 21, 2019

Key insights from equity market strategy from CT CLSA Securities Ltd.

JKH’s Rs. 11 b share buyback offer ends

Daily FT – January 17, 2019

Foreign shareholding in JKH amounts to 47.6% and has nearly 11,700 shareholders in total.

According to CT CLSA, JKH share was up 1% in the past 12 months, outperforming the market by 8% and trades at 9% discount to its estimates sum of the parts valuation of Rs. 173.

SL to get US$ 1 billion from China this week

Sunday Observer – October 6, 2018

……commenting on the pricing of the CDB loan, Executive Director, Research/Strategist at CT CLSA Securities Ltd., Sanjeewa Fernando said the deal is a favourable one for the island at this point in time since the current external negative impact could be substantially mitigated.

“Yes, right now it is a good deal because the worse thing that can happen is someone hiking dollar debt rates (given the rising international interest rate scenario)..….

Stock market climbs to highest close in nearly 3 weeks

Daily FT –September 4, 2018

……Sri Lankan companies posted a 4% total earnings growth in the June quarter from a year earlier, helped by financials, beverage shares, telecommunications, and power and energy sectors, CT CLSA Securities Ltd. said in a research note.….

Corporate earnings up despite tough times

Daily FT –September 3, 2018

……Sri Lankan companies posted a 4% total earnings growth in the June quarter from a year earlier, helped by financials, beverage shares, telecommunications, and power and energy sectors, CT CLSA Securities Ltd. said in a research note.….

SL banks backed for regional expansion

Daily FT –September 1, 2018

……Speaking at a CT CLSA Securities event to launch a report on banking fundamentals, Central Bank Deputy Governor C. J. P. Siriwardana praised the sector and insisted it was stable and well-regulated…. 

Election goodies-driven demand to fuel bank credit next year: report 

Mirror Business –August 14, 2018

……CT CLSA, a leading stockbroking and an equity research firm in Colombo, sees room for banks to expand their loan books from mid-2019….

CT CLSA hosts networking event

Daily FT – May 30, 2018

……CT CLSA recently organised a networking cocktail event for its special invitees, corporate invitees and leading local clients at the Cinnamon Grand ….

‘Kurunegala Investor Forum’ generates strong interest amongst domestic investors

Daily News – May 24, 2018

……a presentation titled ‘Analysis of opportunities available in the Stock Market’ by Sanjeewa Fernando, Executive Director, Research / Strategist, CT CLSA Securities (Pvt) ….

CB Chief tells global equity investors time to focus on SL

Lanka Business – May 10, 2018

……Speaking to a group of over 60 foreign institutional investors (FIIs) brought together to Colombo by leading stock broking firm CT CLSA, the Central Bank Chief said the stabilisation program was progressing satisfactorily….

CT CLSA Asia Frontier Forum kicks off today in Colombo

Lanka Information – May 9, 2018

……Organised in collaboration with Alfalah Securities, Pakistan; Everest Partners Ltd., Bangladesh; Asian Tiger Capital Partners, Bangladesh; and Ho Chi Minh Securities Corporation (HSC), Vietnam, this is the third consecutive year that CT CLSA Securities has taken the lead to host a regional frontier markets forum in Sri Lanka….

Stock market to witness gains in 2018 – Report

Sunday Observer – January 21, 2018

……According to the Sri Lanka Outlook 2018 Report published by CT CLSA Securities (Pvt) Ltd, while the Sri Lankan market trades at a discount to a majority of regional peers such as South Korea, Singapore, Hong Kong, Malaysia, Japan, China, Thailand, Vietnam and India, there are attractive valuations particularly in banking, construction, export related and consumer sectors….

Most profitable Asia cigarette maker faces cheap cigar flood

Mirror Business – October 9, 2017

……Both revenue and net income will grow at a slower pace this year, according to Chayanika Ranasinghe, an analyst at CT CLSA Securities Ltd, in Colombo. The steep decline in sales volume seen after the November action is expected to “moderate, particularly if there are no further drastic tax increments or regulations,” she said….

CFA Sri Lanka Capital Market Awards recognize the best in the investment profession

Lanka Business News – August 12, 2017

……The Best Stock Broking Research Team: Gold – Asia Securities (Pvt) Ltd, Silver – CT CLSA Securities (Pvt) Ltd….

Manufacturing base vital for economic growth – CSE Chairman

Sunday Observer – April 16, 2017

….Chairman Sarath Amarasinghe, Managing Director Dr. Anush Amarasinghe and members of the Board of Directors and Senior Management of BPPL were present at the ceremony, which was also attended by senior representatives of CT CLSA Capital which managed the IPO process for BPPL….

Mark Mobius shares his mantra for Sri Lanka

Daily FT – November 3, 2015

……”We have had satisfactory returns on our investments to date but Sri Lanka has the potential to offer more and attract much larger investment and we would like to enhance our involvement,” said Mobius during the interview along with Marianne Page, the consultant to CT CLSA Securities Ltd., ….

CLSA invests in SL capital markets group CT Smith Holdings

The Island – May 13, 2014

……CLSA Singapore Holdings (Pvt.) Ltd and Sri Lankan capital markets group CT Smith Holdings Ltd announced a 25% equity investment in CT Smith Holdings Ltd by CLSA, during a media briefing at Kingsbury Hotel on Monday….