Strategy Note /

Sri Lanka: Low rates & re-bounding earnings support current market valuations

  • TTM multiples elevated only due to abnormal COVID impacted earnings of 2020; earnings recovery expected in 2021

  • Asset allocation away from fixed income, into equities, will continue amidst historically low interest rates

  • Market performance in line with regional equity market movements; however, still at a significant discount to region

Asia Securities
18 January 2021
Published by