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From left: IBM World Trade Corporation CEO Rachini Rajapaksa, CFA Sri Lanka President Sanjay Kulatunga, Head of Research LOLC Securities Shehan Bartholomeuz and Chairman CSE Vajira Kulatilake
LOLC Securities Ltd. (LOSEC), the stock broking company of the LOLC Group, was honoured with both Gold and Silver awards for the Best Equity Research report 2014/15 at the Capital Market Awards and Forecast Dinner organised by CFA Society Sri Lanka.
This year, the CFA Capital Market Awards, which is the flagship event of the CFA Society Sri Lanka recognised and honoured the efforts of capital market participants for establishing industry benchmarks, spearheading governance and ethics to advance domestic financial markets.
Shehan Bartholomeuz of LOLC Securities won the Gold Award for The Best Equity Research Report for the research conducted on Central Finance PLC, while the Silver Award was also won by LOLC Securities’ Damith Wasantha for his report on Access Engineering. The Best Equity Research Report which is the key award was evaluated by a panel of eminent industry experts in equity markets covering financial analysis, valuation, industry overview and competitive landscape, company overview, value drivers and share dynamics and investment risks and recommendations.
The CFA Capital Market Awards is the most exclusive award ceremony stock brokerages and other capital market stakeholders look forward to each year, as recognition from CFA is considered as the gold standard in the global investment industry. Initiated in 2013, the annual CFA Capital Market Awards were made in three categories; Best Equity Research Report, Best Investor Relations and the Best Stockbroker Research Team.
Commenting about the dual wins, Kapila Jayawardena, Chairman of LOLC Securities Limited and the Group Managing Director/CEO of LOLC said, “The significant performance in the award show is a testament to the quality of the independent research work carried out by the research team of LOLC Securities Limited. It also reflects the fact that their work is well recognised by the industry and is on par with global standards.”
Also sharing his views, Sriyan Gurusinghe, Managing Director/Chief Executive Officer of LOLC Securities Ltd., said, “We are extremely pleased with the results and take humble pride for being recognised as the best in the industry in terms of equity reporting. I thank our staff for their dedicated service and the Directors for their steadfast trust. I take this opportunity to also ensure that LOLC Securities Ltd. will continue to uphold the standards and set new benchmarks.”
Established in 2011, and now a fully owned subsidiary of the LOLC Group, LOLC Securities has been built for excellence in all its dimensions, keeping in mind the assurance sought by discerning investors. The company has devised a new operational model centred on the investors’ portfolio management strategy to ensure that LOSEC’s investment advice is backed strongly by an in-house advanced research team of highly qualified analysts.
The market reports compiled by LOLC Securities are detailed and analytical and offer valuable insights into market and economic trends and statistics.
