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

» The Stock Chat by EquityChamp
by DS Wijesinghe Today at 11:48 am

» AEL @ 19.60
by mtsfernando Today at 11:17 am

» COCR can be attractive
by suku502 Today at 10:33 am

» ALHP WILL MOVE UP SOON
by cse_eagle Today at 10:07 am

» Sampath Bank PLC - A giant awakening
by DS Wijesinghe Today at 9:08 am

» FUTURE GEMS.....
by EquityChamp Today at 7:04 am

» Dividend payments
by alphamm Mon Apr 23, 2018 9:52 pm

» VONE , is it time to sell or holds
by 2017 Cse Mon Apr 23, 2018 9:19 pm

» MGT & REEF ????
by Ran49 Mon Apr 23, 2018 8:06 pm

» UBC KEEP WATCHING
by Ran49 Mon Apr 23, 2018 8:04 pm

» COCR will be a silent runner
by suku502 Mon Apr 23, 2018 1:33 pm

» Orient Finance PLC- possible future star
by DS Wijesinghe Thu Apr 19, 2018 10:29 pm

» Companies to invest long term
by EquityChamp Thu Apr 19, 2018 6:56 pm

» Blue Chip Companies
by glad Wed Apr 18, 2018 7:22 am

» WHAT HAPPENED TO DIST?
by EquityChamp Tue Apr 17, 2018 6:51 pm

» JINS Share Repurchase
by EquityChamp Tue Apr 17, 2018 7:03 am

» LIOC N.........................
by EquityChamp Mon Apr 16, 2018 1:54 pm

» Abans finance PLC in deep trouble?
by Wimal Modawansa Fri Apr 13, 2018 8:03 pm

» Singer Finance worth to look at
by anges Thu Apr 12, 2018 6:37 pm

» Laxapana Batteries - A New Begining
by EquityChamp Thu Apr 12, 2018 7:10 am

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 » Hyatt, Grand Oriental Hotel, Waters Edge, Hilton and Lanka Hospitals to be listed

Hyatt, Grand Oriental Hotel, Waters Edge, Hilton and Lanka Hospitals to be listed

Go down  Message [Page 1 of 1]

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
[size=48]Govt. to raise $ 1 b by listing 5 SOEs



[/size]



0
[size]

Comments /  262 Views / Thursday, 16 March 2017 00:00
 0  6[/size]




  • Ravi K says Coalition Government has reduced loss-making SOEs from 200 to 50 
  • Except NIR, all targets of IMF program will be met by June
  • Govt. signs Statements of Corporate Intent to boost productivity of five key SOEs



By Charumini de Silva

As part of the restructuring of state-owned enterprises (SOEs) in line with growing market trends and broad-basing ownership, the Government expects to raise around $ 1 billion by listing non-strategic enterprises on the capital market this year.

Finance Minister Ravi Karunanayake yesterday said the target was to raise roughly about $ 1 billion by way of listing non-strategic enterprises such as the Hyatt, Grand Oriental Hotel, Waters Edge, Hilton and Lanka Hospitals on the stock exchange. 

However, he declined to provide a timeframe for the listing of these firms although the International Monetary Fund (IMF) in its latest evaluation had flagged decreasing reserves and the Government is preparing to repay $ 2.6 billion in debt this year. “We are not in a hurry to do so but we only want to show that our intent is correct.”

He assured that the Government had made a firm decision to have 51% controlling rights of the non-strategic enterprises in the commercialisation process and dismissed claims of privatisation. 

“We will not allow the controlling rights to go out. The Government has taken a firm policy decision where the President and Prime Minister are very particular about this.” 

The Government also signed Statements of Corporate Intent with five large SOEs including the Ceylon Electricity Board (CEB), Ceylon Petroleum Corporation (CPC), National Water Supply and Drainage Board (NWS & DB), Airport and Aviation Services (SL) Ltd. (AASL) and the Sri Lanka Ports Authority (SLPA) aimed at improving efficiency to achieve the country’s economic goals by enhancing the contribution made to its GDP. 

He said the move was expected to encourage and facilitate these SOEs to improve operational and financial efficiency through improved corporate practices, innovative financing, strong and prudent financial management, exposure to competitiveness and international best practices and effective human resource management while enhancing public accountability. 

Noting that there were 403 state entities and around 20 subsidiaries, of which around 200 were making losses, Karunanayake pointed out that the Coalition Government had reduced them to about 50 at present. 

“At the moment the concept is that the Government passes the ball to the politician and eventually the taxpayer pays for it. As a responsible Government, we will not allow that to take place,” he added.

When asked about not meeting the net interest revenue (NIR) targets set out by the International Monetary Fund (IMF), the Minister said that they would get them rectified and believes that the reserves will come back. “Except NIR, all targets will be met without a problem by the end of June.” 

- See more at: http://www.ft.lk/article/603785/Govt--to-raise---1-b-by-listing-5-SOEs#sthash.ZmXSL4JO.dpuf

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Why do we need to sell off Hilton Lanka Hospital and Waters Edge? Highly Profitable and efficient companies. Cutting down on loss making non strategic companies should happen. Selling Lanka Hospital and Hilton and Waters edge is stupid.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
http://www.economynext.com/Sri_Lanka_s_GDP_grows_4.4_pct_in_2016,_fourth_quarter_5.3_pct-3-7583-1.html

if the economy is growing and fiscal discipline is back why do we need to sell profitable institutions? Sell Airline, Hyatt and Hotel Corp. Not other profitable institutions. We should be able to finance the exiting debt by now, if what ravi and official figures are saying is the truth.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
http://www.economynext.com/Sri_Lanka_freezes_Rajapaksa_assets_exceeding_five_billion__FM-3-7611-10.html

Nw it's clear cut case if it's true what you're saying. Without telling to the media, release the info about the frozen assets to the court. Stop the media circus saying MR stole money, just present those frozen or unfrozen assets to Police or FCID to press charges against MR.

WLM


Stock Trader
Ane manda??? Lanka Hospital is a listed company and it's majority shareholder is sri lanka insurance. exit or entry from an investment should be made based on the requirements of the SLIC not the finance minister. these people are giving thousands reasons to stupid decisions but it gives mixed signals to investors. when we compare how they reversed the Seylan bank sale by BOC this is a totally contradicting thing.

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@jayathu wrote:http://www.economynext.com/Sri_Lanka_freezes_Rajapaksa_assets_exceeding_five_billion__FM-3-7611-10.html

Nw it's clear cut case if it's true what you're saying. Without telling to the media, release the info about the frozen assets to the court. Stop the media circus saying MR stole money, just present those frozen or unfrozen assets to Police or FCID to press charges against MR.


The person who wrote that article clearly says:

Both namal and Yoshitha were key players at the Colombo Stock Exchange during its dizzy days in 2009 and 2010 with the duo joining the ranks of top 20 share holders of several listed companies.

Can anyone give links to those financial reports where N & Y rajapaksas were in 20 holders lists. Then we can easily calculate amounts invested.

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@jayathu wrote:Why do we need to sell off Hilton Lanka Hospital and Waters Edge? Highly Profitable and efficient companies. Cutting down on loss making non strategic companies should happen. Selling Lanka Hospital and Hilton and Waters edge is stupid.



ලාබ ලබන ඒව තමයි දෙන්න ඕන​. පාඩු ලබන ඒව ගන්නෙ කවුද ?
අනිත් එක යාලුවන් ට දෙන කොට වටිනා කියන යමක් දෙන්න එපැයි.

මතක නැද්ද NDB එක විකිණුවේ. තක්සේරුව රුපියල් 50 යි. ගත්ත අය පස්සෙන්දම 200 ට දුන්න​.
වැලිසර ලක්‍ස් ප්‍රේ දුන්න ගාන කොහොමද  ?  ගත්තෙ කවුද ?

මේ කාලෙ තමයි ඒවට සුදුසුම කාලෙ . පුලුවන් තරම් අඩුවෙන් තක්සේරු කරගන්න ලේසියි ආර්ථිකේ වැටිල මාකට් බැහැල රටට සල්ලි නැතුව හිටියේ  යන්තම් මේ ගානට වත් දීල දැම්ම කියන්න පුලුවන්.
ඒ අස්සේ ලංකා බැංකුවෙන් ම යාලුවන්ට ලෝන් දෙනව ඔන්න ගන්න කියල​.
(බිල්පත් සෙල්ලම හා සමානයි)
ලක්ස්ප්‍රේ එකත් ගියේ ඒ විදියට​.
ඒක ගත්ත යාලුවා අතින් සත පහක් දැම්මෙ නෑ. බැංකු ලෝන් එකෙන් ගත්ත​. පස්සෙ ලක්ස් ප්‍රේ ඒකෙම ඇසෙස්ට් ටිකක් විකුණල ලෝන් එක ගෙව්ව​. සීරෝ කොස්ට්.
අපිටත් එහෙම කරගන්න තිබුන​. අපිට කොයින්ද පූසො මී යාලුවෝ කිව්වලු.

Ryan Hudson


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
No we have to sell because these MS and RW are so incompetent they can not even run a small boutique so better they sell and give to competent party to run these institutions

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I dont know several but i think one was ASCOT. Not sure

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Ryan Hudson wrote:No we have to sell because these MS and RW are so incompetent they can not even run a small boutique so better they sell and give to competent party to run these institutions

MR nd the Clan was so competent.. All the SME were profiting sky high at the time... huh....

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

sureshot

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
if Yahapalanaya goes like this ,they may list CTB  also.

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I don't think govt run institutions are run badly now. In fact performance has improved a bit, but selling off some of the said ones are unacceptable.

Back to top  Message [Page 1 of 1]

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