POST-WAR Sri Lanka’s rebound and high future potential came under spotlight this week at Asia’s biggest investor conference in Hong Kong.
Organised by Credit Suisse the 14th annual Asian Investment Conference (AIC) had five Sri Lankan companies in addition to three leading banks holding a session on Sri Lanka’s banking sector post-war.
The banks were Commercial, HNB and Sampath whilst the Lankan team included premier blue chip John Keells Holdings (JKH) and Dialog Axiata.
“The Sri Lankan companies that attended the AIC are five of the largest and most liquid listed companies in Sri Lanka and they had more than 50 one-to-one meetings with investors at the AIC,” Credit Suisse AG Asia Pacific Chief Operating Officer and Managing Director Dumith Fernando told the Daily FT. In last year’s event only two companies participated and the higher number this year along with a session on banking sector is part of Credit Suisse’s pioneering efforts to raise the profile of post-war Sri Lanka and its listed companies. Early in March Credit Suisse organized a Lankan visit by 10 funds with US$ 1.8 trillion under management. AIC is the largest Asian investor conference with more than 2,000 institutional and high net worth investors and over 270 companies attending this year. This year saw the biggest attendance in the AIC’s history.