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Sri Lanka’s Bid to Boost Value of Colombo Stock Exchange Set for Analysis in 2018 Report

First Capital signs third MoU with Oxford Business Group



Andrea Tsiachtsiri, Country Director, Oxford Business Group, Dilshan Wirasekara Director / CEO First Capital Holdings PLC, Nisansala Munasinghe Manager Branding and Marketing Services First Capital Holdings PLC

First Capital Holdings signs third MoU with Oxford Business Group Colombo, April 2018: A new report by the global research and consultancy firm Oxford Business Group (OBG) on Sri Lanka’s economy will highlight efforts under way to encourage the larger, state-owned banks to list on the Colombo Stock Exchange (CSE).
The Report: Sri Lanka 2018 will track the measures put in place to facilitate the listing of major lenders, which forms part of a broader, national bid to generate capital and boost the exchange’s value. OBG’s publication will also provide wide-ranging analysis of the other segments that are expected to play a key role in the development of Sri Lanka’s capital markets. These include companies producing building materials such as cement and commercial vehicle retailers, both of which look set to benefit from heightened construction activity, fuelled by a growing project pipeline.


In addition, the report will consider the positive impact that improved access to the EU market under the Generalised System of Preferences Plus is having on Sri Lanka’s exports, which bodes well for manufacturers and firms operating in related sectors, such as transport and logistics.
Investment Bank, First Capital Holdings PLC has signed a third memorandum of understanding (MoU) with OBG for its forthcoming publication. Under the MoU, the firm will once again share its experience of the local capital market help to produce the Capital Markets Chapter of The Report: Sri Lanka 2018, contributing in-depth analysis of both the Equity stock and Government Securities bond markets.
Dilshan Wirasekara Dilshan Wirasekera, Director and CEO of First Capital Holdings, said he looked forward to working with OBG’s team once again and documenting the latest developments changing in the investment landscape at the CSE against Sri Lanka’s changing rapidly economic economy evolving economy landscape.


“Forecasts point to a revival in private sector credit growth in the second part of 2018, which is expected to boost the performance of Sri Lanka’s banks, enabling them to benefit from robust levels of capitalisation and, in turn, better returns on equity,” he said. “With the country’s major infrastructure drive and other construction projects already helping to stimulate economic activity and attract greater inflows, the outlook for capital market expansion looks bright.”


Welcoming First Capital Holdings on board, Michael Todemann, OBG’s editorial manager in Sri Lanka, agreed that while private sector credit growth had eased last year, data suggested it was on track to reach a targeted 16% in 2018.
“A national drive under way to support smaller enterprises and encourage FDI is steering the country towards the next phase of its economic development, with new measures aimed at enhancing the business climate expected to provide a further boost,” he said. “The team at First Capital Holdings are known to be experts in their field, with an in-depth knowledge of the local and regional markets. I’m delighted that our readers will once again benefit from their analysis of market activity and potential opportunities at the CSE.”
The Report: Sri Lanka 2018 will mark the culmination of more than six months of field research by a team of analysts from Oxford Business Group. It will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.


The publication will also contain contributions from leading representatives, including: President Maithripala Sirisena; Greg Hands, the UK’s minister of state for international trade; Changyong Rhee, director of Asia and Pacific Department for the IMF; and Qitao Liu, chairman, China Communications Construction Company. It will be available in print and online.

About Oxford Business Group


Oxford Business Group is a global research and consultancy company with a presence in over 30 countries, from Asia, Africa and the Middle East to the Americas. A distinctive and respected provider of on-the- ground intelligence on many of the world’s fastest growing markets, OBG has offices in London, Berlin, Dubai and Istanbul, and a network of local bureaus across the countries in which we operate.
The Report: Sri Lanka 2018 will be produced with Board of Investment and the Ceylon Chamber of Commerce. Contributions will also be made by First Capital Holdings, PwC, HSBC and John Wilson Partners.

Through its range of products, OBG offers comprehensive and accurate analysis of macroeconomic and sectoral developments, including banking, capital markets, tourism, energy, construction, transport, industry and ICT. OBG provides business intelligence to its subscribers through multiple platforms: Economic News and Views, OBG Business Barometer – CEO Survey, Roundtables and conferences, Global Platform – exclusive video interviews, The Report publications and its Consultancy division.


First Capital is an investment bank providing a full range of financial advisory and services. The Company’s research deliver heightened perspective in fundamental research aiding Share Market Investment in Sri Lanka. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.


With fundamental research coverage of 62 listed securities (reflecting approximately 65% market capitalization) across 15 sectors in Share Market Investment in Sri Lanka.