Colombo stock market still offers us attractive returns in medium to long term. After the end of 30 year old civil war, the liberated areas (North & East) we believe is behind two three decades to the rest of the country. Participation of these areas to the economy during the coming months, Increase tourist arrivals in future, Low interest rate regime,Calm atmosphere in the country,Political stability are the main factors to be considered when investing in the market.
Note - Due to the pending rights issue, trading price of Coco lanka came down sharply from our recommended levels. However we believe that this is mainly due to the market over reacting to the rights issue,since investors expect a subdivision for its shares from the company.Being an agricultural company we still believe that Coco will have a strong future ahead.
After our initial recommendation it peaked to Rs 57.50 as well.
- All of these companies had given many nice trading opportunities for our followers to make money.
- SRI LANKA STOCK PICKS Congrats to all who were able to profit from our stock picks on these counters.