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
Some articles from this channel are only available to Insights Pro clients.
Have an account? Log in

Latest articles from Asia Securities

Sri Lanka 2021 equity strategy: Zero in on the recovery

We forecast ASPI to reach 7,400-7,600 in 2021, with local investors continuing to carry the mantle. Emerging markets may be ready for prime time in 2021; Sri Lanka will see latent flows compared with peers due to risks. Sector Pick: We see the strong...
Asia Securities Kavinda Perera
Kavinda Perera @ Asia Securities 16 December 2020
Sri Lanka 2021 equity strategy: Zero in on the recovery
Sri Lanka 2021 equity strategy: Zero in on the recovery

Sri Lanka macro outlook 2021 – Balancing priorities in the new normal

As the reality of COVID-19 took form in March, we approached our analysis from a probability-based angle. From 2021 and beyond, we factor in growth above 5.0%. Our main concerns are; 1) ~USD 4.9bn repayments in 2021 and ~USD 4.5bn/year until 2023, 2)...
Asia Securities Lakshini Fernando
Lakshini Fernando @ Asia Securities 15 December 2020
Sri Lanka Macro Outlook 2021 – Balancing priorities in the new normal
Sri Lanka Macro Outlook 2021 – Balancing priorities in the new normal

Sri Lanka: Economic activity slows as localised lockdowns take effect

Sri Lanka went into localised quarantine curfews during the month, as two main COVID-19 clusters emerged. With some of the key business areas under lockdown, economic activity has seen a decline. Our base case forecasts the fiscal deficit to expand t...
Asia Securities Lakshini Fernando
Lakshini Fernando @ Asia Securities 29 October 2020

Sri Lanka: Moody’s downgrade negative for external refinancing

Moody’s rating agency downgraded Sri Lanka’s country rating by two notches after placing the rating under review in April, amidst the lockdowns. Sri Lanka is now rated alongside Angola and Ecuador which were also downgraded in recent months by Moody’...
Asia Securities Lakshini Fernando
Lakshini Fernando @ Asia Securities 29 September 2020

Sri Lanka: Exchange controls extended until January 2021; positive for USD/LKR

The Central Bank extended the exchange controls imposed in April, aiming to reduce forex outflows which in turn will help maintain reserves and the exchange rate. As such, outward remittances on capital transactions have been limited until January 20...
Asia Securities Lakshini Fernando
Lakshini Fernando @ Asia Securities 17 July 2020

Sri Lanka Focus List: 8 stocks – a mix of value and growth

Equities saw a ‘V-shaped’ recovery in May and June, largely driven by local participation, as foreign investors continued to exit. We highlight eight stocks which hold upside potential in the current environment coming from a mix of value and growth;...
Asia Securities Kavinda Perera
Kavinda Perera @ Asia Securities 8 July 2020