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

Citi fund buys stake in Sri Lanka’s John Keells Holdings from Malaysia’s Khazanah

Economynext – January 9, 2020

The Citi Group’s Global Markets Limited has bought a 22.6 billion rupee stake in John Keells Holdings Plc from Malaysia’s sovereign wealth fund Khazanah Nasional Berhad on Thursday, market sources said.

Sources said the Citi Group had bought the shares on behalf of a long-term global institutional investor. CT CLSA had brokered the transaction, a market disclosure said.

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.

Despite challenges and travel advisories, FII delegates from Africa, Asia and Europe joined over 20 institutional fund managers from Sri Lanka to access 19 top tier Sri Lankan corporates and six leading corporates from Bangladesh and Pakistan at the forum this year.

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.

He gave this assurance to foreign fund managers gathered in Colombo for the two-day CT CLSA Asia Frontier Forum, which kicked off yesterday.

Budget 2019 and impact on listed companies

Daily FT – March 21, 2019

Key insights by 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

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

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….

Growth in the String of Pearls – Apollo Asia Fund: the manager’s report for 2Q17

Apollo Investment Management – July 18, 2017

……I was therefore particularly grateful to have the opportunity to talk to businessmen from Pakistan and Bangladesh as well as Sri Lanka at CT-CLSA’s excellent conference….

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….

2019 - CT CLSA South Asia Frontier Forum

The CT CLSA Asia Frontier Forum 2019, in collaboration with Alfalah CLSA Securities, Pakistan, and our partner networks in Bangladesh and Vietnam, was held during 10-12 June 2019 at the Cinnamon Grand, Colombo. Since its launch in 2011, the annual CT CLSA Investor Forum in Colombo has been a highly regarded and well attended event by FII’s. Evolving to be a South Asia Frontier Forum in 2016 with the inclusion of corporates from Bangladesh and Pakistan, the event was further expanded to include Vietnamese corporates in the last two years.

2018 - CT CLSA South Asia Frontier Forum

Another consecutive year that CT CLSA Securities took the lead to host its highly-successful annual Sri Lanka Investor Forum, continuously since 2010. The regional frontier markets forum in Sri Lanka was with representation of Pakistani corporates at the forum in collaboration with Alfalah Securities, Pakistan. At the Forum, top tier Sri Lankan corporates conducted one-on-one and group meetings.

2017 - CT CLSA South Asia Frontier Forum

In 2017, CT CLSA South Asia Frontier Forum was expanded to feature companies from Vietnam in addition to Corporates from Sri Lanka, Bangladesh and Pakistan .The forum generated very good interest, attracting 25 leading fund managers from Asia, Europe and the US. They had the opportunity to interact with policy makers, regulators, independent analysts, industry experts and from 30 top tier corporates from the 4 countries

2016 - CT CLSA South Asia Frontier Forum

Building on its highly successful annual Sri Lanka Investor Forum, CT CLSA took the initiative in organizing the first South Asian Frontier focused investor forum of Sri Lanka in 2016. CT CLSA South Asia Frontier Forum featured presentation from over 20 Corporates from Sri Lanka, Bangladesh and Pakistan in addition to speeches from high level Government Officials and Policy Makers. The event was attended by over 20 Foreign Institutional Investors from Singapore, Hong Kong, London and USA