Sat, 20 Apr 2024
12:25:42
Joint Research:
10 Jul 2013
08:12:16
Colombo Stock Exchange enters into Equity Research partnership with Amba Research
Jul 10, 2013 (SLBO) - The Colombo Stock Exchange (CSE) and Amba Research Lanka collaboratively announced that they have entered into a partnership to improve the visibility of the companies currently included in the S&P SL20 index. Amba's experience in conducting emerging markets equity research for its global investment banking and asset management clients will help the CSE improve the visibility of these companies.
Amba’s equity analysts support sell-side and buy-side research teams in areas including coverage initiation and maintenance, sector and thematic research, financial modelling, news and event analysis, new product development, research marketing, and quantitative equities.
In line with the partnership agreement, Amba Research will conduct equity research on the S&P SL20 stocks and deliver research reports to the CSE, which will be hosted on the CSE website. The research reports will include a fundamental analysis of each stock, including the growth outlook, key risks, and the potential valuation range applicable for the company.
These reports, however, will not contain an investment recommendation and are primarily for providing investor education and creating awareness on companies included in the S&P SL20 Index. The research reports will be followed by short, quarterly update notes upon the release of performance results by the initiated companies.
The S&P SL20 Index covers the 20 largest stocks (by total market capitalisation) listed on the CSE that meet the minimum size, liquidity, and financial viability thresholds.
The research reports on John Keells Holdings PLC and Aitken Spence PLC, which are the first two reports of this initiative, were released today and are now available on www.cse.lk .
These reports are accessible to any interested parties.
Regarding the partnership, Surekha Sellahewa, CEO of the CSE, commented, “As a part of CSE’s efforts in developing the local capital market, we embarked on this new initiative to release CSE-sponsored research reports for both local and foreign individuals and institutional investors. We believe these research reports would help to reduce the information asymmetry between investors and listed companies”.
Chanakya Dissanayake, Director and Country Head of Amba Research Lanka, stated, “We are excited about the CSE-Amba partnership and believe that we can help develop the local capital market by leveraging our experience in serving international markets and incorporating industry best practices. The research reports will be mainly focused on giving the reader an overview of the industry, as well as the company’s outlook”.
The Colombo Stock Exchange (CSE) is the organization responsible for the operation of the stock market in Sri Lanka. The CSE is a company limited by guarantee established under the Companies Act No. 17 of 1982 and licensed by the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a stock exchange in Sri Lanka. For more information, please visit: www.cse.lk.
Amba is the largest independent capital markets specialist outsourcing firm. Amba is ranked #1 in the investment research and analytics space, according to independent customer satisfaction surveys. A majority of the top-15 global sell-side and buy-side firms use Amba in areas such as equity research, fixed income and credit research, quantitative research, sales and marketing, corporate finance, and compliance.
Amba’s equity analysts support sell-side and buy-side research teams in areas including coverage initiation and maintenance, sector and thematic research, financial modelling, news and event analysis, new product development, research marketing, and quantitative equities.
In line with the partnership agreement, Amba Research will conduct equity research on the S&P SL20 stocks and deliver research reports to the CSE, which will be hosted on the CSE website. The research reports will include a fundamental analysis of each stock, including the growth outlook, key risks, and the potential valuation range applicable for the company.
These reports, however, will not contain an investment recommendation and are primarily for providing investor education and creating awareness on companies included in the S&P SL20 Index. The research reports will be followed by short, quarterly update notes upon the release of performance results by the initiated companies.
The S&P SL20 Index covers the 20 largest stocks (by total market capitalisation) listed on the CSE that meet the minimum size, liquidity, and financial viability thresholds.
The research reports on John Keells Holdings PLC and Aitken Spence PLC, which are the first two reports of this initiative, were released today and are now available on www.cse.lk .
These reports are accessible to any interested parties.
Regarding the partnership, Surekha Sellahewa, CEO of the CSE, commented, “As a part of CSE’s efforts in developing the local capital market, we embarked on this new initiative to release CSE-sponsored research reports for both local and foreign individuals and institutional investors. We believe these research reports would help to reduce the information asymmetry between investors and listed companies”.
Chanakya Dissanayake, Director and Country Head of Amba Research Lanka, stated, “We are excited about the CSE-Amba partnership and believe that we can help develop the local capital market by leveraging our experience in serving international markets and incorporating industry best practices. The research reports will be mainly focused on giving the reader an overview of the industry, as well as the company’s outlook”.
The Colombo Stock Exchange (CSE) is the organization responsible for the operation of the stock market in Sri Lanka. The CSE is a company limited by guarantee established under the Companies Act No. 17 of 1982 and licensed by the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a stock exchange in Sri Lanka. For more information, please visit: www.cse.lk.
Amba is the largest independent capital markets specialist outsourcing firm. Amba is ranked #1 in the investment research and analytics space, according to independent customer satisfaction surveys. A majority of the top-15 global sell-side and buy-side firms use Amba in areas such as equity research, fixed income and credit research, quantitative research, sales and marketing, corporate finance, and compliance.
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