Asia Securities

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 ...

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/...

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...

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 ...

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...