Here are the best places to find high‑quality investment research reports and market notes for Sri Lanka, why they’re useful, and how to access them.
Top sources (recommended)
- Colombo Stock Exchange (CSE) — official market data, company announcements, index series (ASPI, S&P SL20) and periodic market publications. Use the CSE for primary, authoritative company filings and exchange statistics. (brandradar.org)
- NDB Securities / NDB Investment Bank — one of the largest local broking/research teams with broad sector coverage and regular analyst reports, earnings notes and valuations. Their research library and educational material are publicly referenced on their site. (dailymirror.lk)
- Ambeon Securities — publishes regular “Market Insights”, daily market wraps, weekly economic wraps and quarterly earnings digests that are freely downloadable from its Market Insights page. Good for concise daily/weekly actionable briefs. (ambeonsecurities.lk)
- First Capital / First Capital Holdings — large investment group and primary dealer that issues market commentary, macro and fixed‑income research as well as corporate‑finance insights; useful for bond and macro research. (dailymirror.lk)
- First Securities, Capital Trust and other established local brokerages (e.g., JB, Lanka Securities, Ambeon, LOLC’s research teams) — many publish daily market wraps, stock briefs and sector notes; these are practical for short-term trade ideas and sector flows. First Securities maintains a regular Market Wrap archive. (first-securities.com)
Types of reports to look for
- Daily Market Wraps / Flash Notes — market direction, top movers, foreign flows, quick trade ideas (published by most brokers).
- Company initiations / coverage notes — for valuation, business model and target price detail on individual stocks.
- Quarterly earnings briefs — quick summaries of results and analyst revisions.
- Sector reports and themed research — deeper views on industries (banks, telecoms, garments, tourism, commodities).
- Macro / fixed income research — monetary policy, yields, CDS, government debt (use primary dealers like First Capital and large banks).
How to access them
- Broker websites – look for “Research”, “Market Insights” or “Market Wrap” pages (NDBS, Ambeon, First Capital, First Securities all have downloadable notes). (ndbs.lk)
- Exchange filings and announcements – CSE company announcements page for official disclosures and circulars. (brandradar.org)
- Email subscriptions / client portals – many brokers put full reports behind sign‑up forms or client portals; register with a brokerage to get full access and alerts.
- Local financial news sites (Daily FT, Daily Mirror, EconomyNext, Ada Derana) and Reuters/Bloomberg for amplified coverage and context.
How to pick the best report for your needs (quick checklist)
- Purpose: trading (daily wraps) vs investing (initiations, valuations) vs macro/fixed income (primary dealer notes).
- Timeliness: prefer same‑day notes for trading; use quarterly initiations and earnings notes for longer-term decisions.
- Independence & conflicts: check whether the firm also acts as corporate adviser—this can create conflicts (be cautious when the broker is an issuer adviser).
- Methodology: good reports explain assumptions, valuation method (DCF, relative), key sensitivities and downside risks.
- Track record: prefer teams with consistent coverage and transparent prior calls (some local houses have award-winning research teams). (dailymirror.lk)
Practical next steps
- Bookmark CSE’s announcements and index pages for primary data. (brandradar.org)
- Sign up for research/email alerts from 2–3 brokers (e.g., NDB Securities, Ambeon, First Capital) to get a mix of macro, sector and daily trade notes. (ndbs.lk)
- Use broker daily wraps for short‑term signals and company initiations/quarterly notes plus CSE filings for any fundamental decision.
If you’d like, I can:
- Pull the latest market‑wraps or a recent company initiation from one or two specific brokers (I’ll fetch the newest publicly available PDFs and summarize them).