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Sri Lanka Equity Forum » Stock Market Talk » TO DIMANTHA MATHEW --> SO CALLED RESEARCH EXPERT

TO DIMANTHA MATHEW --> SO CALLED RESEARCH EXPERT

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prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
Hello

I am an overseas investor in CSE and have to admit your daily quotes to Reuters as nonsense and one sided.  For Ex. yest you said after being shamefully wrong the previous day prediction,  '"But it could be a short-lived one with expected poor earnings while interest rates have been on the rise,". 

Have you analysed the Qtly reports released so far? AMW, PLC, GLASS, UB, SEYB, COMD  all recorded good improvement and only CSD and OSEA remained flat. So why you jumping to say reports poor?  When you give an opinion it should say both sides for the reader to come to his/her opinion and your statements are biased. I am sure no one takes these serious and no sooner this will end up as weather report


Even Goldman failed recently predicting OIL for 20s and bear market for Equities. But they admitted it. it is best you do proper homework and give your statement and not just vomit at the spur of the moment.

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can buy these guys for even Rs. 100,000/-.

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Good point prasa. This mathew guy is now becoming a good joker. Its seems he is very unhappy about the market rising.
lol!

SupunD


Senior Equity Analytic
Senior Equity Analytic
Well said prasa2004

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
yaa, the loser who comment everyday to ft.I can do a better job.

happybulls

avatar
Equity Analytic
Equity Analytic
I have never seen such a pessimistic so called expert. Why is he doing such poor job ?

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
comments on recent up trend,Ane manda pissu wage matanam.

March 14(5979,down 40)
"Economy is also fragile. Still we are at a critical stage, so there is not a lot of buying," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Only high risk takers are buying. Retailers, institutions and others are still out of the market and we expect the market to trade between 5,800 and 6,000 points in short term."


March 16(6021,up 50)
"Despite uncertainties, the market ended up. Selling pressure was absorbed for the day, but it is difficult to say for how long," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Selling pressure is still there as investors are waiting to see the direction of the economy. At the moment, there is a gloomy economic outlook."

March 23(6073, up 15)

"The slow downward trend is continuing. A block deal pushed up the turnover," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


March 24(6092,up 18)
"We expect this volatility to continue and market to trade between 5,800 and 6,000. Many investors are on the sidelines waiting to see the direction of the economy," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


March 29(6031,down 30)
"There are no positive catalysts to push the market up. The index will come down further with foreign investors exiting intermittently and the expectation of further rate hike," said Yohan Samarakkody, head of research, SC Securities (Pvt) Ltd.


March 30(6040,up 9)
"There was a slight shift in sentiment with the central bank announcement. That instilled some level of confidence in the overall picture of the economy," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"But with interest rates on the rise, we don't see much improvement in the short term. The sentiment will improve in the medium-to-long term."


March 31(6073,up 30)

"The market is up on year-end buying," said Reshan Kurukulasuriya, Chief Operating Officer at Richard Pieris Securities Pvt Ltd, referring to the end of financial year for many listed firms including banks.
"It was due to window-dressing for the end of the financial year, and we don't expect much activities in April due to the festival holidays."


April 1(6083,up 11)

"Some positive sentiment continued among the broker community and investors. But the gains could be short-lived with interest rates being on the high side and fiscal side problems still not being addressed," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 5(6159,up 79)

"It's a retail push," said Prashan Fernando, COO, Acuity Securities.


April 6(6165,up 6)

"Retail investors were trying to keep the market alive. But we expect the selling pressure to bounce back as interest rates remain high with the negative sentiment," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 11(6275 flat)

"We are passing through a very uncertain period and there were retail activities in the market," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Still, investors are worried over rising interest rates with high borrowing pressure.


April 12(6353,up 77)

"The IMF loan is seen as a positive factor," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"However, this gain is unsustainable given the higher interest rates. Until the IMF money comes in, probably by June, the government's borrowing requirement is going to be high, so the interest rates are also going to be high."


April 15(6401,up 4)
"The positive trend is continuing with the government implementing revenue measures and finalising the IMF loan, which are seen as positive," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.However, higher interest rates and lower March-quarter earnings could impact stocks in the short term, he added.


April 25( 6379,down 43)

"The selling pressure was there and we expect it to continue over the week due to the high interest rates and also the poor economic conditions," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 26(6405,up 25)

"A sudden retail buying which came in the latter part of the day put some upward pressure on the market. We do not think it can sustain with the high interest rates and also the poor economic conditions," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd

April 29(6516 up 73)

It's purely on the IMF deal. The buying came in and we will see this trend continuing for a few more days," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"But it could be a short-lived one with expected poor earnings while interest rates have been on the rise," he said, referring to the increase in the market interest rates until last week as the central bank allowed the rise to ease the pressure on the rupee.


After all these we came to 6500.Remember we said it long ago.And in future also we will be correct.Whatever these people say it will be 6800 this month

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thnx nimantha for the summary.  Looks like this guy have some hidden agenda.

samaritan


Vice President - Equity Analytics
Vice President - Equity Analytics
@happybulls wrote:I have never seen such a pessimistic so called expert. Why is he doing such poor job ?
B'cos he is a 'sadbull' not to be taken seriously.

SLFINANCEWATCH

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This guy has access to few Companies.like Jins,cfvf,cocr,tafl..so he thinks all others perfom.poorly like them..How abt already released financials..
Also this so called analysis (Only few) think without them country will not go forward. This guy specially had the benefits from last regiem..He wants MR to back.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
we know shres index and people.I wasted my morning cz of him.Anyway now you knw who to follow and not to.He can say anythin I say 6800 in May.

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Dimantha Mathew is considered as a good research person.so far only few companies have released their results which we observe growth in their profits.The same reason of growth in results could be the temptation factor to release the results early.Accordingly we wait till half of companies issue their results ,them DM will be proved right.
Being negative does not mean he is a MR man.Being positive is not RW man.
I am with DM with 70% on market.Balance 30% is on selected counters.
Two months time will be enough to decide who is right...

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Mr. Soileconomy just go through the nimanthas summary.  Nothing to prove here..

cseguide

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is very pathetic to here that this type of guys giving wrong impression to investors in the outside. He can't say as poor earnings without seen them.

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
No one can change the direction of the economy by writing positively or negatively in forums and newspapers.

Different people look at different angles considering different theories and  facts based on their education and experience.

If you see Nimanha's summary you can see this.
The analyst thinks high interest rates will put adverse effect on stock market.
The theory is correct. Interest rates go up means selling pressure up . People will go away to get  fixed income .

In contrast, if the government succeed in restarting the  engines, balance the LKR, attract FDI, people will collect shares for future earnings. Hence, you cannot say high interest rates alone will put our market down.

My concern is not the quarter ended . (March 2016)
We have to rethink about every business considering new Tax rates. Buying power of the people will go down and may affect the profitability of some  companies. Coming two qtrs are critical.

Now we have seen the worst first 15 months recorded by any Government after the independence. If the leaders are not fools they will take necessary steps to improve the situation from this point. Delayed but starting to learn , especially the PM.

Hence,  I am watching very carefully. Shuffle time ahead.

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@nimantha80 wrote:comments on recent up trend,Ane manda pissu wage matanam.

March 14(5979,down 40)
"Economy is also fragile. Still we are at a critical stage, so there is not a lot of buying," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Only high risk takers are buying. Retailers, institutions and others are still out of the market and we expect the market to trade between 5,800 and 6,000 points in short term."


March 16(6021,up 50)
"Despite uncertainties, the market ended up. Selling pressure was absorbed for the day, but it is difficult to say for how long," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Selling pressure is still there as investors are waiting to see the direction of the economy. At the moment, there is a gloomy economic outlook."

March 23(6073, up 15)

"The slow downward trend is continuing. A block deal pushed up the turnover," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


March 24(6092,up 18)
"We expect this volatility to continue and market to trade between 5,800 and 6,000. Many investors are on the sidelines waiting to see the direction of the economy," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


March 29(6031,down 30)
"There are no positive catalysts to push the market up. The index will come down further with foreign investors exiting intermittently and the expectation of further rate hike," said Yohan Samarakkody, head of research, SC Securities (Pvt) Ltd.


March 30(6040,up 9)
"There was a slight shift in sentiment with the central bank announcement. That instilled some level of confidence in the overall picture of the economy," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"But with interest rates on the rise, we don't see much improvement in the short term. The sentiment will improve in the medium-to-long term."


March 31(6073,up 30)

"The market is up on year-end buying," said Reshan Kurukulasuriya, Chief Operating Officer at Richard Pieris Securities Pvt Ltd, referring to the end of financial year for many listed firms including banks.
"It was due to window-dressing for the end of the financial year, and we don't expect much activities in April due to the festival holidays."


April 1(6083,up 11)

"Some positive sentiment continued among the broker community and investors. But the gains could be short-lived with interest rates being on the high side and fiscal side problems still not being addressed," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 5(6159,up 79)

"It's a retail push," said Prashan Fernando, COO, Acuity Securities.


April 6(6165,up 6)

"Retail investors were trying to keep the market alive. But we expect the selling pressure to bounce back as interest rates remain high with the negative sentiment," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 11(6275 flat)

"We are passing through a very uncertain period and there were retail activities in the market," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"Still, investors are worried over rising interest rates with high borrowing pressure.


April 12(6353,up 77)

"The IMF loan is seen as a positive factor," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"However, this gain is unsustainable given the higher interest rates. Until the IMF money comes in, probably by June, the government's borrowing requirement is going to be high, so the interest rates are also going to be high."


April 15(6401,up 4)
"The positive trend is continuing with the government implementing revenue measures and finalising the IMF loan, which are seen as positive," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.However, higher interest rates and lower March-quarter earnings could impact stocks in the short term, he added.


April 25( 6379,down 43)

"The selling pressure was there and we expect it to continue over the week due to the high interest rates and also the poor economic conditions," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.


April 26(6405,up 25)

"A sudden retail buying which came in the latter part of the day put some upward pressure on the market. We do not think it can sustain with the high interest rates and also the poor economic conditions," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd

April 29(6516 up 73)

It's purely on the IMF deal. The buying came in and we will see this trend continuing for a few more days," said Dimantha Mathew, head of research, First Capital Equities (Pvt) Ltd.
"But it could be a short-lived one with expected poor earnings while interest rates have been on the rise," he said, referring to the increase in the market interest rates until last week as the central bank allowed the rise to ease the pressure on the rupee.


After all these we came to 6500.Remember we said it long ago.And in future also we will be correct.Whatever these people say it will be 6800 this month
This shows the quality of so called experts.It is one sided.I have list out the positives of markets in different thread.I don't want to repeat here.
Even I am not same professional,i have learned and got experience of market behaviour.Market will definitely move towards 7000.

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
Guess what will Dimantha quote today? Will he accept he was wrong? Financials released today shows stellar performance. PABC done excellent and his interest theory is bunkum. If two minnows PABC and UBL showing this good results what can we expect from SAMPATH and HNB + Others? Even PMB has reduced losses hugely. HASU done well and good omen for JINS and AAIC.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
redi eka eka galawi watewi

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics
Are we still considering him an expert? Second batch of results released so far SAMP-HNB-LFIN -AAF all goes to show his high interest rates affecting banks margin is rubbish. At this rate Reuters will also lose their credibility by interviewing him

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Is he proactive?interest rates , foreign selling worries .

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
his prediction on earnings totally wrong.

Listed firms 1Q earnings gain 16% to Rs. 61 b


http://www.ft.lk/article/547896/Listed-firms-1Q-earnings-gain-16--to-Rs--61-b

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@nimantha80 wrote:his prediction on earnings totally wrong.

Listed firms 1Q earnings gain 16% to Rs. 61 b


http://www.ft.lk/article/547896/Listed-firms-1Q-earnings-gain-16--to-Rs--61-b
Good reply for some blind people.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I highlighted his pessimism and pretty sure  he so this post.Guess what he's changed 180 degrees.Now always possitive comments on market.Great work keep it up.May be we influenced it.

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Dimantha.it is your turn.      or dear readers it is over to you....

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dimantha was right all the way

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@TARGET wrote:Dimantha was right all the way
You people are happy if country goes in economic crisis.Typical Alibaba supporter.It won't happen looser.

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Yahapalanaya wrote:
@TARGET wrote:Dimantha was right all the way
You people are happy if country goes in economic crisis.Typical Alibaba supporter.It won't happen looser.
Or no dear tiger. You people (tiger agents) don't want to accept trueth. Trueth is your leader was killed by our leader. Your tiger land won't happen looser

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@TARGET wrote:
@Yahapalanaya wrote:
@TARGET wrote:Dimantha was right all the way
You people are happy if country goes in economic crisis.Typical Alibaba supporter.It won't happen looser.
Or no dear tiger. You people  (tiger agents) don't want to accept trueth. Trueth is your leader was killed by our leader. Your tiger land won't happen looser
thang tiger katha kiyala okollota horakkan karanda baa naa Embarassed Embarassed Embarassed ...

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Yahapalanaya wrote:
@TARGET wrote:Dimantha was right all the way

You people are happy if country goes in economic crisis.Typical Alibaba supporter.It won't happen looser.

ඉකොනොමික් ක්‍රයිසිස් ?

චිකේ.. මොනවද මේ කියන කතා අම්මාපල්ල​.?  හීනෙන් බය වෙලා ද​?

ආසියාවෙ ලොකුම මොළේ රට පාලනේ කරන වෙලාවෙ ඕව වෙන්න පුලුවන් ද​?
මම මෙ  බිස්නස් වලින් එන​ ආදායම වැඩි වෙලා බැංකු ගානෙ යනව සල්ලි දාන්න​.  කිසිම බැංකුවක් ගන්නෙ නෑ. ඒවත් පිරිල ඉතිරිල ගිහින්. මිනිස්සු තන් තෝසෙ වැඩි කමට අම්ම අප්ප නෙවි  පරම්පරාවල සීයල ආච්චිලත් මතක් කර කර පින් දෙනව​.
ඉතින් මොන ක්‍රයිසිස් ද

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
@Yahapalanaya wrote:
@TARGET wrote:
@Yahapalanaya wrote:
@TARGET wrote:Dimantha was right all the way
You people are happy if country goes in economic crisis.Typical Alibaba supporter.It won't happen looser.
Or no dear tiger. You people  (tiger agents) don't want to accept trueth. Trueth is your leader was killed by our leader. Your tiger land won't happen looser
thang tiger katha kiyala okollota horakkan karanda baa naa Embarassed Embarassed Embarassed ...
Real YAYAPAPALANAYA.yanne koheda maple pol.(beating the bush.).topic is initiated on a different matter and answer is something else

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