The flagship event of the CFA Society Sri Lanka, the CFA Capital Market Awards and Forecast Dinner continued to add fillip to Sri Lanka’s capital markets when this year it recognised those establishing industry benchmarks, spearheading governance and ethics to advance domestic financial markets. The Best Equity Research Report, Best Investor Relations and the Best Stockbroker Research Team are all reflective of the increasing improvement in quality and depth observed in the markets.
Shehan Bartholomeuz of LOLC Securities won Gold for Best Equity Research Report for research conducted on Central Finance PLC, while the Silver was also won by LOLC Securities’ Damith Wasantha for his report on Access Engineering and the Bronze for the team from Acuity Stockbrokers comprising Chethana Ellapola, Anjula Nawarathna and Anouk Weerasinghe for their report on Textured Jersey Lanka.
Certificates of Commendation were presented for the Chevron Lubricants and Ceylon Tobacco Company equity research reports, analysed and reported on by Candor Equities’ Pasindu Perera and John Keells Stockbrokers’ Lourdeena Kudaliyanage respectively.
This key award was evaluated by eminent industry experts in equity markets on financial analysis, valuation, industry overview and competitive landscape, company overview, value drivers and share dynamics and investment risks and recommendations.
Assessed on the strengths of investor relations practices and responsiveness, communicating interactively with the investor community, accessibility of management, quality of disclosure and transparency, fairness in disclosure and consistency of investor relations function, Dialog Axiata was hailed from among 16 shortlisted companies as the entity having the Best Investor Relations for the third consecutive year.
NDB won Silver and Sunshine Holdings gained Bronze. One part of the assessment in selecting the Best Stockbroking Research Team consisted of an independent panel of four judges evaluating the quality and extent of the coverage.
The other encompassed an independent survey conducted among user groups including registered investment managers, licensed unit trusts and large corporate investors picked John Keells Stockbrokers for the Gold, while Certificates of Commendation were presented to Candor Equities and Capital Alliance Securities.
The award is based on depth and breadth of coverage, forecast and stock picking accuracy, industry knowledge, timeliness of ideas, responsiveness to investor requests, timeliness and dissemination of news and reports and corporate access.
(Pics by Ravindra Dharmathilake)