email from JKS Weerasekera
A renowned investment
banking and equity markets specialist has described Sri Lanka as the new island
of growth for Asia and tips the post-war rebounding nation to be the next
Singapore and even do better than the region’s city state.
In an analytical article titled ‘Sell Singapore, Buy Sri Lanka’ on seekingalpha.com, specialist Fraser Dennis makes a compelling case for Sri Lanka and its future prospects.
“Singapore is showing signs that its extraordinary growth of recent years may be reaching an end as it reaches its 50th birthday. Sri Lanka is putting in place a strong foundation upon which rapid economic growth can be achieved. Two island nations with strategic locations and significant Chinese investment but high economic growth is more likely in Sri Lanka over coming years than in Singapore,” says Dennis in the article, which can be found at http://seekingalpha.com/article/2305515-sell-singapore-buy-sri-lanka.
Noting ‘why on earth should any sensible investor consider such a trade recommendation?’ and that it also may be akin to comparing apples and oranges, the specialist gives various insights and explanations backed with recent performance of Lankan economy, plans and policies underway for the future.
In his article, he states: “Let’s go back to 1956 when the father of Singapore, Lee Kwan Yew first visited Colombo, the capital of Sri Lanka. A mere nine years before Singapore independence, LKY stated that Singapore should aspire to being like Colombo. It had two universities, foreign exchange reserves, a strategically-critical location and enviable infrastructure owing to its position as a key Allied HQ during the war compared to Singapore which had been occupied by the Japanese. Step forward to today and it is Singapore that has the foreign exchange reserves, amazing infrastructure and world-renowned education and it is Sri Lanka that is recovering from a period of war….”
“However, as any sensible investor knows, in deploying capital, it is not the past that is important, but the future. As Singapore reaches the ripe old age of 50 next year, it seems likely to be Sri Lanka’s turn to produce the economic growth over the next 50 years that Singapore has produced since independence in 1965,” he added.
Dennis, who has been living and working in Asia for over 24 years, analyses Singapore’s past growth as well as future prospects and where necessary points to Sri Lanka’s future potential, emphasising that Singapore’s current and future weaknesses lead to Sri Lanka’s advantage and opportunities.
Some of the key advantages of Sri Lanka which is similar to Singapore included strategic location, new infrastructure, enormous tourism potential, a world class product in Ceylon tea, wealth of natural resources and its new economic and political allies.
In an analytical article titled ‘Sell Singapore, Buy Sri Lanka’ on seekingalpha.com, specialist Fraser Dennis makes a compelling case for Sri Lanka and its future prospects.
“Singapore is showing signs that its extraordinary growth of recent years may be reaching an end as it reaches its 50th birthday. Sri Lanka is putting in place a strong foundation upon which rapid economic growth can be achieved. Two island nations with strategic locations and significant Chinese investment but high economic growth is more likely in Sri Lanka over coming years than in Singapore,” says Dennis in the article, which can be found at http://seekingalpha.com/article/2305515-sell-singapore-buy-sri-lanka.
Noting ‘why on earth should any sensible investor consider such a trade recommendation?’ and that it also may be akin to comparing apples and oranges, the specialist gives various insights and explanations backed with recent performance of Lankan economy, plans and policies underway for the future.
In his article, he states: “Let’s go back to 1956 when the father of Singapore, Lee Kwan Yew first visited Colombo, the capital of Sri Lanka. A mere nine years before Singapore independence, LKY stated that Singapore should aspire to being like Colombo. It had two universities, foreign exchange reserves, a strategically-critical location and enviable infrastructure owing to its position as a key Allied HQ during the war compared to Singapore which had been occupied by the Japanese. Step forward to today and it is Singapore that has the foreign exchange reserves, amazing infrastructure and world-renowned education and it is Sri Lanka that is recovering from a period of war….”
“However, as any sensible investor knows, in deploying capital, it is not the past that is important, but the future. As Singapore reaches the ripe old age of 50 next year, it seems likely to be Sri Lanka’s turn to produce the economic growth over the next 50 years that Singapore has produced since independence in 1965,” he added.
Dennis, who has been living and working in Asia for over 24 years, analyses Singapore’s past growth as well as future prospects and where necessary points to Sri Lanka’s future potential, emphasising that Singapore’s current and future weaknesses lead to Sri Lanka’s advantage and opportunities.
Some of the key advantages of Sri Lanka which is similar to Singapore included strategic location, new infrastructure, enormous tourism potential, a world class product in Ceylon tea, wealth of natural resources and its new economic and political allies.
No comments:
Post a Comment