YORK STREET TIMES KERBSIDE CHAT

YORK STREET TIMES KERBSIDE CHAT

ASPI has gained over 1000 points in the first week of the new year , indicating a very bullish sentiment with high expectations from the CSE.
However there is very high speculation amongst the CSE stake holders that the Rupee is expected to devalue up to 230 per US$ and even as much as 250 by the end of the 1st quarter of 2022. Hence the interest on companies that has dollarised income and real estate assets and bussiness with overseas operations are being heavily recommended as top investments to hedge against such devaluation. The current low interest rates prevailing which is not market driven hence speculation of a rate hike on the next policy decision date of possibly the 20th of January is very high . So the interest in LOLC , EXPO, BIL, MGT , TJL, SPEN, HAYL, the plantations with Palm and Rubber and it’s holding companies will continue.