Asia Securities
Asia Securities

Asia Securities

Coverage: Sri Lanka
A leading investment firm in Sri Lanka providing investment banking, research, equities and wealth management services.
Location: Colombo

Latest articles from Asia Securities

Sri Lanka: Macro SL - CDB loan a boost for reserves; Vaccine rollout a positive

The Sinhala and Tamil New Year season saw higher mobility in the country, with mobility data indicating continued momentum in economic activity. In our view, a faster vaccination process combined with an expansion of ICU bed capacity will be crucial ...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 30 April 2021

Sri Lanka: Leisure Sector - Third wave leads to downgrade of 2021 arrivals

With a surge of COVID-19 positive cases in Sri Lanka, we revise down our base case 2021 tourist arrivals forecast to range between 175,000 - 250,000 (previously 630,000). Under our base case scenario, we expect daily arrivals to reach 1,500 to 2,500/...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 29 April 2021

Sri Lanka: Third wave fears to dampen economic momentum

The post-Sinhalese and Tamil New Year season saw a sharp rise in COVID-19 positive cases locally, as signs of a mutated variant of the virus was detected in Sri Lanka. Against this backdrop, it is evident that the overall level of uncertainty has hei...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 29 April 2021

Sri Lanka: Monetary Policy Review : April 2021 - Rates remained unchanged

In-line with our expectations, the Central Bank (CB) maintained key policy rates at the current level, following its monetary policy meeting yesterday. Our key takeaways are: 1) credit growth to gradually improve in the near-term, 2) market interest ...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 8 April 2021

Sri Lanka: Banking SL - Rising above the clouds

Asia Securities Kavinda
Kavinda Perera @ Asia Securities 31 March 2021

Sri Lanka: Consumer SL - "Steady as she goes"; a sturdy rebound in 2021

We expect the consumer sector to see a steady recovery, supported by a gradual rebound in economic activity and income levels. Counters exposed to food retailing and FMCG food will remain at the forefront of sector growth, followed by demand for home...
Asia Securities Lakshini
Lakshini Fernando @ Asia Securities 31 March 2021