Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Submit Post
සිංහල පරිවර්තනය
Search
 
 

Display results as :
 

 


Rechercher Advanced Search

Latest topics

» AFSL can be a gem..
by Miss-Sangeetha Today at 4:32 pm

» PM TO BUILD 4000 BRIDGES ACROSS THE COUNTRY
by ranferdi Today at 1:48 pm

» Gold Price
by suku502 Yesterday at 9:25 pm

» COCR can be attractive
by suku502 Yesterday at 5:24 pm

» COMB.X is in support Level will hit 112 in coming weeks
by suku502 Yesterday at 5:22 pm

» JINS Share Repurchase
by DS Wijesinghe Yesterday at 2:07 pm

» CHICKEN GETTING READY TO FLY!
by DS Wijesinghe Yesterday at 1:56 pm

» Wiser's TA Chart Room
by wiser Yesterday at 11:54 am

» LDEV / ELPL / UDPL Best Plantation results as of 31/12/17 ?
by glad Yesterday at 6:56 am

» What happened to Janashakhi.... I sold 2 weeks ago. Total gain i lost over 150000
by glad Yesterday at 6:52 am

» What to buy?
by Ryan Hudson Thu Feb 22, 2018 10:19 pm

» ALHP WILL MOVE UP SOON
by wisdom79 Thu Feb 22, 2018 6:23 pm

» Share my Portfolio gain to build morale and confidence over you !!!!
by wiser Thu Feb 22, 2018 4:00 pm

» Sri Lanka records BOP surplus of US$2.05bn in 2017
by DS Wijesinghe Thu Feb 22, 2018 2:06 pm

» Bus-explosion
by samaritan Thu Feb 22, 2018 1:09 pm

» SDB bank would be 120+
by hettdas Thu Feb 22, 2018 9:52 am

» Reason Behind SFS Booooming
by trasantha Thu Feb 22, 2018 8:21 am

» SL Rupee reaches record lows
by Sstar Wed Feb 21, 2018 11:05 pm

» Sri Lanka's ETI affiliate says no approval for investor yet
by Sstar Wed Feb 21, 2018 11:01 pm

» Winds of Change in Sri Lanka
by Sstar Wed Feb 21, 2018 10:55 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » STATE CORPORATIONS ARE DOING WELL UNDER YAHAPALANAYA

STATE CORPORATIONS ARE DOING WELL UNDER YAHAPALANAYA

Go down  Message [Page 1 of 1]

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics

Sri Lanka's loss making SOEs slashed, but 50 in the red: Fin Min

Mar 15, 2017 16:17 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's new administration has reduced losses at state owned enterprises and statutory agencies, but a quarter of them are still making losses, Finance Minister Ravi Karunanayake said.

Sri Lanka has 403 state entities and around 20 subsidiaries, of which around 200 were making losses, but the current administration had reduced them to about 50, Karunanayake said, after signing 'Statements of Corporate Intent' with the largest five SOEs.

Sri Lanka's state entities include corporations, banks, academic institutions and publicly traded firm in which the state owns large stakes. 

Finance Ministry data showed that around 50 larger SOEs monitored by the public enterprises department of the finance ministry had increased profits after deducting losses from 42.2 billion rupees in 2014 to 64.9 billion rupees in 2016.

In the first eight months of 2017, profits rose to 123.6 billion rupees, with 50 billion rupees coming from Ceylon Petroleum Corporation, with low oil prices. Oil prices, however have since risen.

The largest losses that de-stabilize the country are usually made at Ceylon Petroleum Corporation and Ceylon Electricity Board, which do not market price energy due to political pressure.

Karunanayake said the Statements of Corporate Intent, which were similar corporate planning exercises carried out at private firms will be extended to other SOEs in the future.

The SCI's set targets and goals, against which performance could be measured.

Analysts say energy subsidies involving 'government bearing the burden' is perhaps the greatest economic fraud perpetrated on the people by the rulers.

Sri Lanka's rulers subsidize petroleum and electricity with bank credit, and the central bank then prints money to keep interest rates down, leading to balance of payments crises and currency collapses, which pushes up not only energy prices but also food.

After the currency collapses, energy prices have to be hiked (in rupee terms) to levels higher than if prices were raised under a formula.

Per person consumption of energy rises with income with the rich consuming much more energy than the poor. (Colombo/Mar15/2017)

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is commendable actions by this govt. There're only few actions of this govt which has been good. So should applaud these kind of achievements,

Now Dont sell off the profitable efficient companies like Waters Edge Hilton and Lanka Hospital. Sell unprofitable non essential and non strategical entities like sugar factories and Ceylon Hotel corporation.

sureshot

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@jayathu wrote:This is commendable actions by this govt. There're only few actions of this govt which has been good. So should applaud these kind of achievements,

Now Dont sell off the profitable efficient companies like Waters Edge Hilton and Lanka Hospital. Sell unprofitable non essential and non strategical entities like sugar factories and Ceylon Hotel corporation.

What about LCEM... Very Happy

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I have no idea about Lcem performance. If they're not doing well and not a essential business entity with social effect, then it should be sold.

To turn around companies like Sri Lankan Airlines it should be partially sold off like 51/49% depending on the liabilities they're willing to take on.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum