Second event showcasing S&P SL 20 companies held
The second event in the series launched by the Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) to showcase S&P SL 20 companies to an exclusive audience of local institutional and highnet-worth investors was recently held at the Taj Samudra Hotel.
The event featured investment case presentations and discussions on Access Engineering PLC and Seylan Bank PLC while research on the two companies was also distributed by John Keells Stock Brokers and Capital TRUST Securities respectively.
Managing Director Christopher Joshua and Manager – Business Development Shanaka Fernando represented Access Engineering PLC at the presentation and discussion on the company which was moderated by the Head of Research at John Keells Stock Brokers Navin Ratnayake.
Seylan Bank PLC was represented by Chief Financial Officer Champika Dodanwela and AGM – Finance Nirmal Costa at the presentation and discussion, which was moderated by the Head of Research at Capital TRUST Securities Charitha Gunasekere.
Commenting on the initiative, CSE CEO Rajeeva Bandaranaike stated “The market at present offers attractive valuations and sound buying and diversification opportunities, which have been supported by the encouraging performance our listed companies have maintained in the recent past. We are pleased to continue to create this platform wheresuch opportunities are showcased to local institutional investors and Highnet-worth Investors, which are key segments in our investor base. Presentations and discussions featuring key decision makers of S&P SL 20 companies provides valuable insight into each company’s investment case and future growth outlook. The research distributed by CSBA member firms also adds an independent angle to this perspective. ” he added.
Commenting on the conclusion of yet another successful research presentation, the President of the CSBA Prashan Fernando in his closing remarks stated that “The CSBA was delighted to bring this Stock Broker Research Series to the Local Institutions and High-net-worth individuals together with the CSE”.
He also said that “the aim is to educate the investors by bringing selected companies from the S & P 20 Index where an in-depth analysis of the respective companies are presented, by the management of those respective companies themselves. In order to bring value to the presentation, a Research Analyst from a Broker Firm, moderates the Q & A session to bring out the relevant areas of interest for effective and sound decision making on their investment options”.
The series has previously featured John Keells Holdings PLC, Sampath Bank PLC and Teejay Lanka PLC and similar events featuring other S&P SL 20 companies are expected to be held in 2018.