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Naveed Majeed
Analyst @ Asia Securities
Naveed Majeed is currently Vice President – Research at Asia Securities, covering the construction, energy, manufacturing and textile sectors. He joined the team in April 2017. Prior to this, he worked for the Projects and Transitions team at Moody’s Analytics’ Knowledge Services (formerly known as Amba Research Lanka) in the capacity of a Lead Financial Analyst.
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Latest from Naveed Majeed
Sri Lanka: Equity Strategy – Opportunities In The Market Downturn
The value dip presents an opportunity to buy – what’s the worst case? The combination of panic and forced selling seen in equities since the market hit its peak in January has led to steep discounts in some counters. If the current market price is ei...
Naveed Majeed @ Asia Securities 26 April 2022
Sri Lanka: Healthcare Sector Update 2022 - Bridging The Gap
Traditional healthcare models worldwide are undergoing fundamental changes which have accelerated since the COVID-19 pandemic. Telemedicine services will to some extent disrupt traditional outpatient demand however this will allow healthcare provider...
Naveed Majeed @ Asia Securities 30 March 2022
Flash Report /
Sri Lanka
Sri Lanka: Currency correction announced; Neutral Impact on Equities
In-line with our views expressed of a likely currency devaluation in 1Q 2022, the Central Bank (CBSL) announced that forex transactions would take place at no more than USD/LKR 230.00 (13.0% depreciation), from USD/LKR 203.00 before. This comes as pr...
Lakshini Fernando @ Asia Securities 8 March 2022
Ceylon Cold Stores: 3Q FY22 - Demand pressures offset; margin expansion in FY23E
We rollover valuations to FY23E, with a post-split TP of LKR 70.00/share (-13.6% to old; +26.4% TSR). Retail revenues of LKR 18.4bn were up 31.3% QoQ (+15.1% YoY). Looking ahead, we are positive on CCS’ concentration within the Western Province (WP) ...
Naveed Majeed @ Asia Securities 3 March 2022
Cargills (Ceylon): 3Q FY22 - Price-led growth amid near term headwinds
We rollover valuations to FY23E, leading to a revised TP of LKR 240.00/share (-26.2% to old; +19.9% TSR). CARG also took price increases to reflect rising cost pressures – we expect price increases to drive revenues heading into FY23E. Looking ahead,...
Naveed Majeed @ Asia Securities 15 February 2022
Sri Lanka: Equity Strategy 2022 – The Race To Beat Inflation
Equity Strategy. Global Scenarios…Equity Markets Vs Inflation. Asia Securities Research Sector Outlook.
Naveed Majeed @ Asia Securities 7 January 2022
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