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Sri Lanka Equity Forum » Stock Market Talk » WHY GSP PLUS SHARES ARE COMING DOWN?

WHY GSP PLUS SHARES ARE COMING DOWN?

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1 WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 1:27 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Tess, Tjl, Mgt coming down Why? Evil or Very Mad Evil or Very Mad

2 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 1:54 pm

Indranige nandamma


Stock Trader
@Eugine Fernando wrote:Tess, Tjl, Mgt coming down Why? Evil or Very Mad Evil or Very Mad

With the GSP+ news there are several companies going to start business in Sri Lanka. Very reliable sources confirmed that hose new companies having very good relationship with Europians and Americans. With the GSP+ Tess,TJL,MGT will have a very hard time.

3 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 2:52 pm

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Indranige nandamma wrote:
@Eugine Fernando wrote:Tess, Tjl, Mgt coming down Why? Evil or Very Mad Evil or Very Mad

With the GSP+ news there are several companies going to start business in Sri Lanka. Very reliable sources confirmed that hose new companies having very good relationship with Europians and Americans. With the GSP+ Tess,TJL,MGT will have a very hard time.
Dont just joke here , prices are down due decline of profits in the Q reports, & dat has happened mainly due to higher prices of raw materials in da season.  According to the TJL report thay have mentioned, the costs will be da same in next 2 or 3 Quarters and company will perform  well with GSP+ concessions and expansion in India later. Foreigners are not merely invest here jst becoz of GSP+ , they have so many other countries to setup the factories with lower labour costs and many other benefits. ex.Bangladesh/Philippines.

If they come and setup factories here, anyway its great Very Happy but no hard time for the existing factories.

4 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 4:36 pm

thankrishan


Manager - Equity Analytics
Manager - Equity Analytics
Decline is temporary. Be patience. Good times are ahead.

5 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 8:49 pm

makoo


Stock Analytic
Stock Analytic
what is said is correct. lots of foreign companies are planning to start similar business so there will be competition and profits will be diluted among all.

6 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 8:56 pm

kumarweerarathne

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hey dear Europian /US Market is not so tiny as u think, we r not in a position to supply the demand though we start hundred factories here.:-P :-P

7 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 9:50 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Many chefs closely related to politicos spoil the soup.

8 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 10:23 pm

Chinwi

avatar
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I have already planned to start a very big factory to make 1000 trousers per month.
Current GSP+ companies will face severe competition in EU when we start exporting.

9 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 10:48 pm

Teller

avatar
Moderator
Any one can plan but practically who will act according to plan. How ever GSP Plus is not a much big factor to CSE. This is just a plus point for investors sentiment. For me CSE is still to be dull til 2019 end.

10 Re: WHY GSP PLUS SHARES ARE COMING DOWN? on Thu May 18, 2017 11:15 pm

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@thankrishan wrote:Decline is temporary. Be patience. Good times are ahead.
I agree, to the extent of thought that the EU still exists! With Germany and UK pulling out of Europe there won't be much of Europe.

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