There are no doubts anymore about IMF assistance to SL anymore with the announcement by no other than the President Gotabaya Rajapakse in his address to the nation on Wednesday night. It creates a unusual situation now that bot the main opposition and the government leadership is finally on the same thinking that IMF is the most viable option for SRi Lanka at this historical moment of utter chaotic situation of queuing up at every corner that started an year ago with the vaccination queues that don’t seem to be seen anywhere in the island anymore. Similarly the current queues too will hopefully disappear in time to come. The $ is now around 275 Flexible rupees as per the Commercial Bank selling rate last Wednesday and it is very clear that the companies with dollarised assets and earnings together with high real estate portfolios will hugely benefit by the end of this quarter in the next two weeks. Therefore it is highly recommend to buy such counters like EXPO BIL LOLC , HAYLEYS, TJL,MGT, DIPD, export crop plantations, SUN and the Cable and Tile companies that enjoy high market share of over 70% that will be able to pass the cost over to the consumer easily.
