Standing from left - UpulAtapattu (Junior Research Analyst), Stefan De Alwis (Business Development Executive), LakmiPiyumika (Junior Research Analyst), RaguramRaamakrishnan (Research Analyst). Seated from left: DhinaliPeiris (Manager – Research), VajiraKulatilaka (CEO of NDB Capital Holdings), PrasansaniMendis (CEO of NDB Securities)
NDB Securities (NDBS) was recognized for the second consecutive year at the recently held CFA Sri Lanka Capital Market Awards 2017, taking home the Bronze award for Best Stockbroking Research Team.
Every year the CFA Awards honour the most influential capital market professionals in the country, setting the benchmark for those working in the field. The current NDBS Research Team comprises of Dhinali Peiris, Raguram Raamakrishnan, Upul Atapattu, Lakmi Piyumika and
Stefan De Alwis.
NDBS is one of the largest stock broking firms in Sri Lanka and has a reputation for upholding the highest compliance and ethical guidelines. The NDBS ResearchTeam delivers in-depth research on the economy, covering 11 diverse sectors along with over 50 counters, and servicing over 50,000 local and foreign clients. This team is committed to providing high quality, time efficient research, which is intended to reach a wider audience of investors both local and foreign.
Over this last year, the team also focused their efforts to increase their reach to local and retail customers by conducting seminars across the country and collaborating with the CSE and local universities. This initiative further augments their strong commitment to ensure accessibility of NDBS research reports to anyone, as all their research reports are freely downloadable from the NDBS website, as well as other platforms such as Bloomberg and Factset. Their influential role in the core coverage areas is evidenced by the fact that NDBS has consistently outranked the average return of peer analysts covering the counters as per Bloomberg.
NDBS Chief Executive Officer Prasansani Mendis congratulated the research team for their work over the past year. “As a pioneer in the stockbroking industry in Sri Lanka, we have continuously strived to outperform our own standards in every aspect to become pacesetters in the industry. In creating value for our clients, our research team has also played a pivotal role in providing comprehensive and timely research. The team being awarded for the second consecutive year is a testimony of the recognition made by capital market stakeholders for their diligent and comprehensive work.”
Mendis further added that “The dedication towards developing the next generation for the capital market evolution was reflected by some of the initiations taken by the team such as the seminar conducted on equity investments to young individuals at our NDBS premises and the MoU signed with NSBM, one of the largest universities in Sri Lanka. These initiations by the team and the recognition I believe will be a few of many that are yet to be received in
Commenting on the award and the outstanding work of the team over the past year, Manager - Research Dhinali Peiris stated that “The team’s multi disciplinary backgrounds and the inclination towards sharing their well rounded insights to a wide range of clients has driven the research team to consistently produce high quality research.” She further added, “Research is the foundation for extra ordinary investments. Therefore, we strongly believe that knowledge is key in creating an informed and efficient capital market. As a stakeholder in achieving this goal, NDBS took several initiatives over this past year to reach the wider investment community. The team made use of print media as well as numerous seminars and TV programmes to share our analysis of the economy, especially focusing on the core sectors, and highlighted investment opportunities. These efforts have been well received by the target audiences; in particular, the economic and industry insights discussed on Business Today on Channel Eye.”
In the first half of 2017, NDBS released in-depth research reports on the healthcare sector and textile sector, which were followed by the banking sector update and FMCG sector update, in addition to the quarterly earning updates and counter initiations.
Further, the research team also compiles a trilingual daily local market update reviewing the day’s market movements, alongside a weekly review on local and global economies, industries and markets. In addition, the team provides a weekly update on the local market in both English and Sinhala to Derana TV.NDBS also expanded its presence on social media, utilizing platforms such as Facebook, LinkedIn, YouTube and Twitter to reach a wider audience,in order to share their industry research insights and market updates.