Fizel Jabir
First Capital Holdings will be transformed into a fully fledged investment bank, said Dilshan Wirasekara, Chief Executive Officer, First Capital Holdings at a reception hosted to celebrate a resounding 2014/15 first half performance of Rs 868 mn profit after tax (PAT).
Attributing the overwhelming success to hard work and dedication from its staff, the CEO said First Capital Holdings has been able to identify market opportunities that prevailed both in the interest rate front as well at the equity side of their business by properly analyzing the economic fundamentals and predicting in terms of direction of inflation and various other factors.
Wirasekara said, “We have been a constantly monitoring and following the macro economic fundamentals and have been able to read the market. Our research plays a big part and we have an in house research department for that purpose.”
He said the company carries out a very in depth analysis of various factors and they consider volatility as always an opportunity to make money, if one was on the right side of it and made the right calls on the majority of the time. “We already have the different business functions in place and are expanding our corporate finance advisory function into mergers and acquisitions, advisory on balance sheet restructuring and so on and so forth.
The first half of the financial year 2014/15 saw First Capital Holdings receiving an upgrade in its National long-term and short-term Corporate Credit Rating to A-/P2.
The company reached several milestones during that period such as the launch of a Platinum Bond, the first ever long term repo investment product which pioneered the first ever Micro Finance backed securitization and the introduction of three new units trusts including a gilt-edged and money market unit trust. The First Capital Wealth Fund was lauded as the best performing fixed income unit over the past 12 months with returns of over 25%.
www.dailynews.lk
First Capital Holdings will be transformed into a fully fledged investment bank, said Dilshan Wirasekara, Chief Executive Officer, First Capital Holdings at a reception hosted to celebrate a resounding 2014/15 first half performance of Rs 868 mn profit after tax (PAT).
Attributing the overwhelming success to hard work and dedication from its staff, the CEO said First Capital Holdings has been able to identify market opportunities that prevailed both in the interest rate front as well at the equity side of their business by properly analyzing the economic fundamentals and predicting in terms of direction of inflation and various other factors.
Wirasekara said, “We have been a constantly monitoring and following the macro economic fundamentals and have been able to read the market. Our research plays a big part and we have an in house research department for that purpose.”
He said the company carries out a very in depth analysis of various factors and they consider volatility as always an opportunity to make money, if one was on the right side of it and made the right calls on the majority of the time. “We already have the different business functions in place and are expanding our corporate finance advisory function into mergers and acquisitions, advisory on balance sheet restructuring and so on and so forth.
The first half of the financial year 2014/15 saw First Capital Holdings receiving an upgrade in its National long-term and short-term Corporate Credit Rating to A-/P2.
The company reached several milestones during that period such as the launch of a Platinum Bond, the first ever long term repo investment product which pioneered the first ever Micro Finance backed securitization and the introduction of three new units trusts including a gilt-edged and money market unit trust. The First Capital Wealth Fund was lauded as the best performing fixed income unit over the past 12 months with returns of over 25%.
www.dailynews.lk
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