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Fixed Income Strategy: Our Top 5 picks

Tellimer Research Stuart Culverhouse @ Tellimer Research
Stuart Culverhouse @
Tellimer Research
23 December 2020

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

Lakshini Fernando 15 December 2020

Sri Lankan budget aims for ambitious consolidation

Patrick Curran 17 November 2020

Sri Lanka: No need for excessive pessimism

Patrick Curran 2 November 2020

Sri Lanka: Attractive again, but risks remain

Patrick Curran 9 October 2020
Latest articles in Sri Lanka

Fixed Income strategy: Our Top 5 picks

We present our top strategy picks and provide a brief description of the motivation of each one. Buy on Ethiopia 6.625% 2024, which we’ve upgraded from Hold. Despite the anticipated arrival of LNG revenues later in the decade, fiscal consolidation wi...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 23 December 2020
Fixed Income Strategy: Our Top 5 picks
Fixed Income Strategy: Our Top 5 picks

Fixed income strategy: Our top picks for 2021

Our Top 5 picks for 2021 are Buys on Angola, Ethiopia, Mozambique, Sri Lanka and Egypt T-bills. Seven other trades to watch – Ecuador, Pakistan, Ukraine, Turkish local & credit, other HY, local currency. Global tailwinds are expected to continue into...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 18 December 2020
Fixed income strategy: Our top picks for 2021
Fixed income strategy: Our top picks for 2021

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

Sovereign defaults in 2020: Experience and lessons

We've seen a record number of sovereign defaults on bonded (external) debt this year according to our records, at least in terms of recent history, although it was becoming obvious we were heading for a record even by the middle of the year. Second,...
Tellimer Research Stuart Culverhouse
Stuart Culverhouse @ Tellimer Research 8 December 2020
Sovereign defaults in 2020: Experience and lessons
Sovereign defaults in 2020: Experience and lessons

Sri Lankan budget aims for ambitious consolidation

Today, Prime Minister Mahinda Rajapaksa, who is also the finance minister, presented Sri Lanka’s 2021 budget. Lifting up the hood, revenue is expected to decline from 12.6% to 9.5% of GDP in 2020, while expenditure is expected to decline from 22.2% t...
Tellimer Research Patrick Curran
Patrick Curran @ Tellimer Research 17 November 2020
Sri Lankan budget aims for ambitious consolidation
Sri Lankan budget aims for ambitious consolidation