Report
Pasindu Perera
EUR 4.36 For Business Accounts Only

Commercial Bank of Ceylon PLC - Earnings Review 3Q2017

We recommend an ‘Accumulate’ for both COMB voting & non-voting with a target price of LKR 150 for COMB voting & LKR 120 for COMB non-voting

Underlying
Commercial Bank of Ceylon

Provider
Candor
Candor

​Candor Equities Limited is licensed and regulated by the Securities Exchange Commission (SEC) of Sri Lanka and is a Trading Member of the Colombo Stock Exchange (CSE). We assist both local and foreign individual and institutional investors with their listed Equity and Debt trading on the Colombo Stock Exchange.

We are a fully fledged financial services group of companies based in Colombo. The newly branded Candor came into commercial existence in May 2013 with EPIL’s acquisition of Heraymila Group Sri Lanka which was in operation since 2010. Candor’s immediate parent is the Dubai International Financial Centre (DIFC) based Eagle Proprietary Investments Limited (EPIL). Our ultimate parent is the National Industries Group (NIG), one of the largest listed companies on the Kuwait Stock Exchange. Candor’s business domain is strengthened with operating licenses comprising of Stock Broking, Asset Management, Investment Management and Corporate Financing, all vital cogs in Sri Lanka’s service sector driven macro economy.

Analysts
Pasindu Perera

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