Many companies’ performance this year is certainly on the rise, according to Ajith Nivard Cabraal, State Minister of Money & Capital Markets and State Enterprise Reforms, in a Twitter post.
“The market overall PEs are low. The Rupee’s holding value. Interest rates are low. There’s ample room for the market cap to grow. It’s time to hold or buy”, the State Minister further said.
Besides that, the former Central Bank governor said he asked the CSE to allow broker credit based on the overall portfolio rather than forcing individual stocks to be sold. He also mentioned that they would address the matter with banks and other lenders in the near future in order to find a suitable solution.
The performance of many companies this year is definitely on the rise. The @CSE_Media's overall PEs are low. The Rupee's holding value. #interest rates are low. There's ample room for the market cap to grow. It's time to hold or buy. #lka #SriLanka #corporates #capitalmarket
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
Requested @CSE_Media to allow broker #credit based on total portfolio & not force-sell individual #stocks: will also soon discuss this matter with #Banks & other lenders to arrive at a suitable solution. #lka #SriLanka #corporates #capitalmarket #Investments
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
On a medium term perspective, the mkt cap of Sri Lankan listed companies should be well over Rs.4.5trn. It's only Rs.3.0trn now. Those who are selling at current #ASPI levels are surely making a mistake. @CSE_Media #lka #SriLanka #corporates #reality #capitalmarket
— Ajith Nivard Cabraal (@an_cabraal) March 5, 2021
