Colombo Stock Market: ASI Daily Closing

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6th September 2013

Volume 36

Weekly Review by Asia Wealth Management Research

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;

ASI Daily Closing

Market woes continue....


The Colombo bourse nosedived sharply during the week led
byseveral large cap counters losing ground

Pg 02
Impact of Financial Deepening and Monetary Stimulus
on Emerging Markets
Pg 03

(ASI)
6,300
6,200
6,100
6,000
5,900
5,800
5,700
5,600
5,500
5,400
5,300

(LKR mn)
1,200
1,000
800
600
400
200
0

19- 21- 22- 23- 26- 27- 28- 29- 30- 2- 3- 4- 5- 6Aug Aug Aug Aug Aug Aug Aug Aug Aug Sep Sep Sep Sep Sep
Turnover

Colombo Bourses Billion Rupee Club


Table below shows the members who have qualified to be a
part of Asia Wealth Researchs Billion Rupee Club.

Market Statistics

Pg 04
Analysis of Various Warrants Listed on CSE

Pg 05

Commodity
Prices
Major
Price Movements

Pg06

Investor interest evaporates despite the market trading


at attractive multiples
The Colombo bourse headed south during the week losing
c.2.8% WoW
Pg08

Major Price Movements

ASI closing

All Share Index


S&P
Banking & Finance
Food & Beverage
Diversified
Hotels & Travels
Telecommunication
Manufacturing
Market Capitalisation
(LKR bn)
(USD bn)
Turnover
(LKR mn)
(USD mn)
Average Daily Turnover (LKR
mn)
Volume
(mn shares)
Foreign Purchases
(LKR mn)
Foreign Sales
(LKR mn)

6-Sep

30-Aug

% Chg.

5,672.64
3,177.17
12,377.26
19,499.08
1,668.56
3,117.65
151.47
2,694.35
2,336.40
17.69
1,728.50
13.09
345.70

5,834.04
3,261.33
12,599.57
20,351.90
1,715.15
3,155.87
155.61
2,884.24
2,402.90
18.27
2,427.60
18.46
485.50

-2.8
-2.6
-1.8
-4.2
-2.7
-1.2
-2.7
-6.6
-2.8
-3.2
-28.8
-29.1
-28.8

137.10
692.90
729.80

164.00
775.00
588.90

-16.4
-10.6
23.9

Large Trades
Company
Touchwood

Volume
38,504,241

-19.8

Central Investment & Finance

10,997,505

-19.0

Seylan Merchant Bank

10,433,706

-0.2

-18.2

Panasian Power

6,358,310

3.0

-0.6

-16.7

Pch Holdings

6,026,071

Swisstek (Ceylon)

17.0

1.1

6.9

Pc House

5,741,165

Beruwala Resorts

1.4

0.1

7.7

Blue Diamonds (Non Voting)

3,398,520

1179.5

129.5

12.3

Asia Siyaka Commodities

3,339,628

Asia Siyaka Commodities

3.0

0.6

25.0

John Keells Holdings

3,232,281

Seylan Merchant Bank (Non Voting)

0.4

0.1

33.3

Watawala Plantations

2,581,217

Company
First Capital Holdings

Price
14.9

+/-LKR
-4.2

+/- %
-22.0

95.0

-23.5

The Finance

8.5

-2.0

Pch Holdings

0.9

The Finance (Non Voting)

Infrastructure Developers

Ceylinco Insurance

Weekly Review by Asia Wealth Management Research

06 September 2013

Highlights for the week


Market woes continue....
The Colombo bourse nosedived sharply during the week led byseveral large cap counters losing ground where both the
indices plunged more than 2%. The ASI lost 161.4 points WoW to close at 5,672.6 points (-2.8%), whilst the S&P SL20
Index lost 84.2 points WoW to close at 3,177.2 points (-2.6%). Indices lost mainly on the back of losses made by Ceylon
Tobacco Company(-6.8% WoW),Nestle Lanka (-6.9% WoW), Sri Lanka Telecom(-6.6% WoW), John Keells
Holdings(-2.6% WoW) and Chevron Lubricants(-12.1% WoW).
The benchmark ASI slumped to its 5-1/2 month low during the week with number of negative contributors towards the ASI
exceeding the positive contributors. Meanwhile, Touchwood witnessed heavy selling during the course of the week, ebbing
to its all time low of LKR 0.90 consequent to the pending High Court hearing over a petition to wind up its operations,
whilst the SEC suspended the stocks trading activities for three days (from 5 Sep- 7 Sep, both days inclusive) after it
decided to commence a fully-pledged investigation into the business operations of the company. In addition to this, Central
Investments and Finance too reached its all time low of LKR0.40 during the week witnessing selling pressure following a
news paper article regarding a complaint made by two depositors over dishonoured cheques, the company also responded
when the case was taken up for hearing by indicating the inability of the directors to make these payments. Moreover, few
large cap counters that made considerable gain over the recent past lost ground which also exacerbated the bearish
sentiment of the market.
Further, Sunshine Holdings via its related entity Estate Management Services (Pvt) Ltd increased its share holdings in
Watawala plantation to 75.65% by acquiring over 2.4mn shares at LKR14.0. In addition, the 10mn unsecured redeemable
three year debenture issue of Soft Logic Holdings got oversubscribed, whilst Hemas Holdings made an announcement
regarding the construction of a 154 room five star luxury hotel in Tangalle together with Minor Hotel group of Thailand.
John Keells Holdingsencountered several crossings totaling to over 1.3mn shares between LKR210.0-LKR215.0 during
the week, whilst counters such asCommercial Bank, Nestle Lanka, Watawala plantationand HNB Assurance also
witnessed crossings. Furthermore,Touchwood, Central Investments and Finance, Seylan Merchant Bank, Panasian
Power and PCH Holdings topped the list in terms of volume traded during the week.
The week saw foreign purchases amounting to LKR 692.9 mn whilst foreign sales amounted to LKR 729.8 mn. Market
capitalisation stood at LKR 2,336.4bn and the YTD performance is 0.5%.

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

6th September 2013

Feature
Impact of Financial Deepening and Monetary Stimulus on Emerging Markets Part II
In this second part of our discussion continuing from the previous week, we focus on the effects of financial deepening of
the world economy in connection with monetary stimulus measures adopted by advanced economies and its combined
impact on emerging markets. Since the Fed first conveyed the possibility of phasing off its QE programme the emerging
economies were facing difficulties in their currency and stock markets as the capital flows that moved in as a result of QE,
began to withdraw. The lowering of U.S. interest rates due to Feds stimulus, which was consequently adopted by central
banks in Britain, Europe and Japan, led to a carry trade at the world level in which portfolio investors borrowed at near
zero interest rates prevailing in advanced economies and invested in emerging markets such as India, Brazil, Turkey, South
Africa, Indonesia, Malaysia and Philippines which guaranteed sharply higher rates of return. The Financial Times in this
regard reports that since 2010 capital flows into emerging markets reached USD 1 trillion a year due to unconventional
monetary policies in advanced economies.
However, with the news of Fed tapering its QE efforts, portfolio capital flows is now moving in the opposite direction
anticipating an increase in U.S. interest rates. The outflow from emerging economies gathered pace as their currencies
started to depreciate, prompting portfolio investors to withdraw investments further, with the aim of trimming down
portfolio contraction. Central banks in the developing world as a result depleted USD 81 billion of foreign reserves since
early May this year. Turkey, India and Indonesia consequently spent circa 15%, 5.5% and 14% of its foreign reserves
respectively during the period. Large scale capital flights of this nature tend to trigger sharp currency depreciation and
hence stoke domestic inflation - already at 10% in India which saw its currency fall 20% this year as a result of foreign
investors pulling out from its bond and equity markets. Further, Brazils monetary authority responding to the situation
announced a USD 66 billion stimulus programme (circa 2.5% of its GDP) in August aimed at boosting the Brazilian
currency which lost 20% of its value against the USD after U.S. monetary authorities announced a possible tapering of
QE. Similarly, currencies of Philippines, Malaysia and Thailand lost over 10% - 15% of their value against the USD since
the Fed made the announcement on its QE plans.
Given that currency depreciation tends to assist the price competitiveness of exports from emerging economies, their
exports may witness a boost in demand offsetting the negative effects of depreciation on the rest of the economy. Currency
depreciation increases the cost of imports including vital resources such as oil which accounts for a significant share of the
import bill of these economies, and furthermore, increases the real cost of financing foreign debt while simultaneously
raising domestic interest rates. In many of these emerging economies, governments, banks and corporations took
advantage of overvalued exchange rates under conditions where the Feds policies were weakening the USD, to borrow
from international capital markets at rates sharply lower than home markets. However, currently, the currency depreciation
caused by the outflow of speculative funds from emerging economies has raised the foreign debt payments costs of the
latter. According to a recent assessment by the International Monetary Fund Turkey remains vulnerable to capital flow
reversal due to its large external financing needs. However, if exports from developing economies do revive as a result of
favourable positioning of their currencies indicated earlier, the negative effects of increasing foreign debt financing costs
could be resolved.
The important feature in the complex of these developments is that while the developing Asia is expected to grow well
over 6% during the next few years outpacing the Western economies significantly, the Asian equity markets have
performed relatively weaker while the developed markets indices are booming. The MSCI Emerging Market Index is
down over 10% this year, meanwhile the S&P500 index, covering all developed country markets, is up 16%. This is to say
that the institutional measures adopted to overcome the crisis in the form of quantitative easing in advanced economies is
playing the dominant role in deciding the flow of portfolio funds in the global economy rather than the underlying
conditions of the real economy, indicating that worlds financial structure is moving away from reflecting the dynamics of
the underlying real economy. This is clearly indicated by the fact that value of worlds total financial assets increasing
tenfold relative to the global output in goods and services reflecting a high degree of financial deepening of the world
economy.

3
A member of Asia Capital Group

6th September 2013

Weekly Review by Asia Wealth Management Research

Colombo Bourses Billion Rupee Club


Table below shows the members who have qualified to be a part of Asia Wealth Researchs Billion Rupee Club. The
eligibility criteria lie with their earnings reaching LKR1 bn mark. The list will be refreshed on a quarterly basis identifying
the new qualifying members whilst eliminating the disqualifying.
Company

Code

Price

ROE

BVPS

Net Profit

Trailing Trailing
EPS
PE

PBV

Mkt Cap
Mn

JKH N

209.50

13.37%

105.70

12,128.76

14.14

14.8

2.0

179,734.64

COMMERCIAL BANK [V]

COMBN

114.50

16.60%

65.48

9,223.20

10.87

10.5

1.7

90,929.50

COMMERCIAL BANK [NV]

COMBX

88.00

16.60%

65.48

9,223.20

10.87

8.1

1.3

4,799.80

NDB

NDB N

143.20

36.44%

146.30

8,780.61

53.31

2.7

1.0

23,584.04

CEYLON TOBACCO

CTC N

1090.00

170.01%

26.91

8,570.00

45.75

23.8

40.5

204,182.89

HNB [V]

HNB N

151.00

15.29%

135.42

8,256.99

20.70

7.3

1.1

48,145.38

HNB [NV]

HNB X

109.50

15.29%

135.42

8,256.99

20.70

5.3

0.8

8,764.50

DIALOG TELEKOM

DIALN

8.00

22.16%

4.55

8,217.73

1.01

7.9

1.8

65,150.23

NDB CAPITAL

CDICN

486.00

131.15%

164.67

7,106.35

215.97

2.3

3.0

15,991.80

DISTILLERIES

DISTN

184.00

11.31%

167.97

5,701.10

19.00

9.7

1.1

55,200.00

SRI LANKA TELECOM

SLTLN

38.30

9.00%

30.65

4,977.00

2.76

13.9

1.2

69,126.14

CARSON CUMBERBATCH

CARSN

358.00

13.32%

179.38

4,691.88

23.89

15.0

2.0

70,306.52

BUKIT DARAH

BUKIN

675.00

13.94%

320.74

4,562.19

44.73

15.1

2.1

68,850.00

LANKA IOC

LIOCN

25.20

28.28%

27.00

4,066.59

7.64

3.3

0.9

13,419.75

SAMPATH BANK

SAMPN

185.00

14.54%

166.73

4,065.97

24.24

7.6

1.1

31,035.04

NESTLE LANKA

NESTN

134.24%

47.82

3,449.27

64.20

31.2

41.9

107,558.38

DFCC BANK
OVERSEAS REALTY

DFCCN
OSEAN

118.00
16.40

9.40%
14.96%

137.93
26.91

3,436.26
3,394.56

12.96
4.02

9.1
4.1

0.9
0.6

31,281.53
13,833.14

AITKEN SPENCE
CENTRAL FINANCE

SPENN
CFINN

114.00
183.00

11.67%
17.47%

69.50
168.24

3,293.21
3,082.42

8.11
29.39

14.1
6.2

1.6
1.1

46,283.55
19,193.65

PEOPLES LEASING
TAPROBANE HOLDINGS
CHEVRON LUBRICANTS

PLC N
TAP N
LLUBN

13.50
4.00
255.00

15.98%
83.67%
47.58%

11.99
4.03
42.48

3,027.00
2,469.72
2,425.77

1.92
3.37
20.21

7.0
1.2
12.6

1.1
1.0
6.0

21,328.14
2,931.80
30,600.00

CEYLON GUARDIAN

GUARN

168.00

14.31%

184.30

2,164.39

26.36

6.4

0.9

13,792.25

HAYLEYS

HAYLN

290.00

9.07%

301.84

2,054.33

27.39

10.6

1.0

21,750.00

SEYLAN BANK [V]

SEYBN

56.20

10.02%

58.97

2,037.51

5.91

9.5

1.0

9,889.93

SEYLAN BANK [NV]

SEYBX

30.00

10.02%

58.97

2,037.51

5.91

5.1

0.5

5,069.49

CEYLINCO INSURANCE [V]

CINSN

1179.50

14.26%

534.67

2,013.84

76.24

15.5

2.2

23,590.00

CEYLINCO INSURANCE [NV]

CINSX

375.00

14.26%

534.67

2,013.84

76.24

4.9

0.7

2,405.43

NATIONS TRUST BANK

NTB N

58.80

18.91%

45.93

2,002.33

8.68

6.8

1.3

13,559.71

LOLC

LOLCN

50.00

9.57%

43.63

1,984.58

4.18

12.0

1.1

23,760.00

AIT. SPENCE HOTEL HOLD.

AHUNN

65.00

14.66%

37.98

1,872.31

5.57

11.7

1.7

21,858.85

CEYLON COLD STORES

CCS N

154.00

20.38%

94.23

1,825.04

19.20

8.0

1.6

14,636.16

ASIRI SURGICAL

AMSLN

9.70

49.79%

6.60

1,737.71

3.29

2.9

1.5

5,126.04

RICHARD PIERIS

RICHN

6.20

19.89%

4.22

1,642.37

0.84

7.4

1.5

12,140.14

C T HOLDINGS

CTHRN

135.80

9.55%

92.61

1,619.01

8.84

15.4

1.5

24,864.61

UNITED MOTORS

UML N

103.00

20.77%

115.18

1,608.90

23.92

4.3

0.9

6,928.51

HEMAS HOLDINGS

HHL N

31.00

12.93%

24.01

1,600.04

3.11

10.0

1.3

15,974.01

LB FINANCE

LFINN

104.00

28.11%

80.43

1,565.67

22.61

4.6

1.3

7,202.74

DIPPED PRODUCTS

DIPDN

100.00

21.75%

118.73

1,546.08

25.83

3.9

0.8

5,986.15

TOKYO CEMENT [V]

TKYON

23.40

18.56%

23.32

1,446.24

4.33

5.4

1.0

5,212.35

TOKYO CEMENT [NV]

TKYOX

18.70

18.56%

23.32

1,446.24

4.33

4.3

0.8

2,082.71

ROYAL CERAMICS

RCL N

80.10

16.84%

75.67

1,411.71

12.74

6.3

1.1

8,874.23

CEYLON INVESTMENT

CINVN

74.20

14.83%

91.05

1,330.28

13.50

5.5

0.8

7,309.80

LAUGFS GAS

LGL N

25.00

20.30%

15.96

1,254.18

3.24

7.7

1.6

8,375.00

LAUGFS GAS [NV]


COLOMBO DOCKYARD

LGL X
DOCKN

19.40
194.50

20.29%
12.00%

15.96
142.76

1,253.84
1,230.80

3.24
17.13

6.0
11.4

1.2
1.4

1,008.80
13,976.56

VALLIBEL ONE LIMITED

VONEN

14.70

3.81%

28.51

1,181.31

1.09

13.5

0.5

15,972.42

CEYLON TEA SERVICES

CTEAN

606.10

14.48%

402.82

1,166.67

58.33

10.4

1.5

12,122.00

BROWNS

BRWNN

84.50

7.59%

212.47

1,142.21

16.12

5.2

0.4

5,988.94

EXPOLANKA HOLDINGS

EXPON

6.80

11.75%

4.79

1,099.94

0.56

12.1

1.4

13,293.42

JOHN KEELLS HOLDINGS

2,002.00

TJL N

13.50

17.53%

9.45

1,084.85

1.66

8.2

1.4

8,842.53

TRANS ASIA

TRANN

81.00

17.82%

28.88

1,029.09

5.15

15.7

2.8

16,200.00

LION BREWERY

LIONN

355.00

17.36%

73.47

1,020.18

12.75

27.8

4.8

28,400.00

TEXTURED JERSEY

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

6th September 2013

Analysis of Warrants Listed on the CSE


The below table depicts a comparison of the warrants trading price with its intrinsic value (derived through the Black
Scholes Call option valuation method). The 6th column to the right depicts the difference between the intrinsic value and
the traded price. Hence, the positive figures would explain the potential for the respective warrant to further appreciate.
(Price to be constant). However, it is noted that the intrinsic value is derived based on the current value of the underlying
stock price, its volatility, period to maturity and the risk free rate. Hence, any adverse movement of the mentioned
assumptions would have an adverse impact on the warrant value, and any favourable movement would positively impact
the warrant value (E.g.: if in case the asset price appreciates from the existing, it would invariably increase the value of the
warrant.Thus, the negative value would denote that the warrant is overvalued at the current price (assuming the underlying
stock.)

Exercise
price
CLPL-W-0013
CLPL-W-0014
GREG-W-0003
GREG-W-0006
REEF-W-0019

118.00
142.00
36.00
39.00
40.00

Share Price
(2013/09/06)
68.90
68.90
10.30
10.30
14.00

Warrant Price
Expiry Date
(2013/09/06)
25-Aug-14
25-Aug-15
24-Feb-14
24-Feb-15
15-Jun-15

5
A member of Asia Capital Group

1.00
1.20
0.30
0.80
1.00

Price According to
Black Scholes model
(Intrinsic value)
0.00
0.00
0.00
0.00
0.00

Undervalued/
(Overvalued)
(1.00)
(1.20)
(0.30)
(0.80)
(1.00)

6th September 2013

Weekly Review by Asia Wealth Management Research

Commodity Prices
Date as at

Brent Crude Oil (USD/barrel)


METALS
Gold (USD/ounce)
Copper LME (USD/ton)
AGRI
Date as at
Tea LKR/Kg
Date as at
Rubber (RSS 1) LKR /Kg
Exchange Rates (LKR)
USD
EURO
STG (GBP)
YEN
YUAN (CNY)

16.08.13

23.08.13

30.08.13

06.09.13

WoW %
change

109.7

110.2

115.2

115.5

0.3

1,360.1

1,376.8

1,399.8

1,369.60

-2.2

7,320.0

7,153.0

7,108.0

-0.6

7,309.5

14.08.13
453.02
13.08.13
390.00
16.08.13
131.65
175.79
205.68
1.35
21.55

21.08.13
458.30
23.08.13

28.08.13
481.78
29.08.13

n/a
23.08.13
132.40
176.19
205.87
1.33
21.57

390.0
30.08.13
133.19
176.19
206.41
1.35
21.71

04.09.13
483.20
05.09.13
375.00
06.09.13
133.02
174.57
207.25
1.33
21.72

WoW %
change
0.3
WoW %
change
-3.9
WoW %
change
-0.1
-0.9
0.4
-1.5
0.1

Source: Bloomberg, CBSL, RDDSL, Asia Siyaka, Citi Bank

Oil
Crude oil prices remained relatively flat during the week following the sharp increase witnessed during the previous
weeks. The prices were mainly influenced by the impending attack on Syria by the U.S. forces over the alleged chemical
gas attack on civilians by the Assad government. The price of Brent crude oil increased marginally by 0.3% WoW to USD
115.5/barrel on the back of these developments.

Gold
Gold prices dipped sharply over the week on account of the positive data from the worlds largest economy which
indicated that U.S. exports increased 2% YoY during the first seven months of 2013 mainly led by exports in services.
However, during the month of July U.S exports of goods and services remained flat recording a marginal 0.2% YoY
increase. The favourable data from U.S together with the upturn in manufacturing output in China caused the investors to
move from safe haven investments towards equity. Reflecting these developments the price of gold fell 2.2% WoW to
USD 1,369.6/ounce.

6
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

6th September 2013

Copper
Copper prices slid during the week on account of the latest data which showed a 2.4% YoY drop in U.S. manufacturing
output in July reducing the demand for the industrial metal. Further, the concerns over a possible U.S. strike in Syria kept
copper prices low during the week. On account of these developments price of copper fell 0.6% WoW to USD 7,108.0/ton
at the London Metal Exchange.

Forex Markets
USD lost ground against a basket of major currencies as the latest U.S. jobs data indicated that a higher number of workers
fell out of the work force due to not so impressive growth in employment levels in the worlds largest economy. Civilian
labour force participation rate fell in August to 63.2% from 63.4% in July further indicating that the drop in U.S.
unemployment rate to 7.3% in August is due to more workers leaving the work force rather than a revival in the economy.
On account of these developments the USD depreciated against other major currencies during the week.
Source: Bloomberg

7
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

6th September 2013

Conclusion
Investor interest evaporates despite the market trading at attractive multiples..
The Colombo bourse headed south during the week losing c.2.8% WoW due to price dips witnessed across the
board. Retailers largely kept away from trading activities, whilst focusing on few small cap counters (such as
Touchwood and Central Investments and Finance). Despite several large cap counters losing ground, high net
worth and institutional participation witnessed on selected counters kept the market alive by bringing modest
turnover level. Meanwhile, the overall market earnings for 2QCY2013 was up by c.5% YoY, whilst majority of the
key sectors such as Bank Finance and Insurance, Diversified, Beverage Food and Tobacco, Hotels and
Travels witnessed weaker than expected performance during the quarter. In the meantime, it is observed that the
investors interest has been gradually evaporating in the equity market which would have been partially attributed
to weakening LKR, lower than the expected quarterly earnings performance and the lackluster earnings outlook for
few companies considering the unfavourable movement of macro environmental factors. Meanwhile, retail
sentiment was also affected due to small cap retail favourite counters such as Touchwood and Central Investment
and Finance witnessing hefty losses. The former witnessed heavy selling consequent to pending High Court
hearing over a petition regarding winding up companys operations, whilst the latter witnessed heavy selling
pressure following a news paper article with regard to complaints made by two depositors against the directors for
dishonored cheques.
On the back of these developments, a gradual shift has been observed towards the fixed income securities which
yield relatively attractive and stable returns cf. to equity investment. Whilst exposure to fixed income investments
provides the necessary diversification benefits, a complete exit from equity investments will not be prudent given
the empirical evidence that suggest that on a long term time horizon equity investments have outperformed
(adjusted for inflation) fixed income securities. That said, we urge the investors to align their portfolio to a midlong term with fundamentally sturdy counters that are trading at attractive multiples and are likely to deliver strong
corporate earnings in the future.

8
A member of Asia Capital Group

6th September 2013

Weekly Review by Asia Wealth Management Research

Tokyo Cement
N LKR 23.40

Manufacturing
X LKR 18.70

LKR

Focus on Investment Key Buys

TKYO, being the joint market leader in the cement industry, has its
grinding facility located in Trincomalee, ideally located for the
rebuilding boom. TKYO, a direct beneficiary of construction sector
upturn, is in a strong position to take advantage of increasing demand
in current excess capacity. TKYO completed a 10 MW bio mass power
plant which provides them significant cost advantage together with
additional boost to top line.

35
33
31
29
27
25
23
21

TKYO

LKR

23
22
21
20
19
18
17
16

TKYOX

N LKR 104.0

180
170
160
150
140
130
120
110
100

LKR

LB FinanceBanking & Finance


.0

LB Finance is a leading registered finance company engaged in


Leasing and Hire Purchase business. Company is operating with a
total asset base of LKR 54bn as at Mar 2013, and an island wide
branch net work of 89. With satisfactory liquidity levels and capital
adequacies, company is poised to take advantage in any growth in
credit demand.The projected decline in interest rates in the economy
and rising demand for credit is to provide many opportunities for these
business models. Further company would stay ahead of other finance
companies consequent to its strong fundamentals, high interest
margins, high ROE etc...Therefore we rate LFIN as a worthwhile
investment with a time span of medium to long term.

Manufacturing

N LKR 5.20

7.5
7
6.5
6
5.5
5
4.5

LKR

Piramal Glass

LFIN

The company is the sole glass manufacture in Sri Lanka who supplies
glasscontainers to thefood and beverages, cosmetics, perfumery and the
pharmaceutical sectors. The company at present virtually holds a
monopolistic position in the Local market with an approximately 97%
market share. Further, with their state of the art manufacturing plant in
Horana, coupled with the growing demand derived from the rapid
developments taking place within the Sri Lankan economy, the
company is likely to deliver better returns to its shareholders.

GLAS

9
A member of Asia Capital Group

6th September 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...


Banking & Finance
X- LKR 109.50

HNB is the second largest private commercial bank with a total asset
base of LKR459.4bn as at end 2012, and number one private bank in
terms of branches with a strong network of over 247. HNB which has a
relatively larger retail deposit base is projected to enjoy higher interest
spreads and would also benefit from the growth in SME lending. With,
the expected drop in interest rates in the economy consequent to the cut
policy rates and lifting the credit ceiling that prevailed during 2012,
coupled with the strong capital adequacies; the bank is expected to
continue its growth momentum. Therefore considering these factors we
rate HNB as a mid to longer term investment.

180
170
160
150
140
130
120

LKR

Hatton National Bank


N-LKR 151.0

HNB
140

LKR

130
120
110

100
90
80

HNBX

Banking& Finance

248
228
208
188
168
148
128

LKR

Sampath Bank
N LKR 185.0

The bank expects a moderate pace on branch expansions for 2013 as it


has achieved sufficient coverage while aggressively developing and
promoting electronic banking channels. As the pioneer in blending IT
with banking, the company will revamp its existing products and
innovate new customer focus products. The bank is well poised to take
advantage of the current economic developments taking place in the
country. The credit ceiling that existed during 2012, limited the growth
of LCBs, including Sampath bank. However, the removal of the ceiling
from 2013, and the anticipated drop in interest rates coupled with
SAMPs strong capital adequacies, would enable the bank to enter
another growth phase in its performance. Therefore considering these
factors we rate SAMP as a mid to longer term investment.

Access Engineering
N LKR 20.60

SAMP

Construction

Access Engineering (AEL) is a total solutions provider in the


construction industry with activities ranging from engineering designs,
geotechnical services, piling and horizontal drilling. The firm is the
premiere choice for large & specialized construction activities such as
roads & highways, ports & marine, water & waste management, whilse
its clientele includes government entities such as the Road Development
Authority (RDA), Urban Development Authority (UDA) and Board of
Investments (BOI) as well as private sector firms such as Dialog Axiata,
Taisei Corporation etc.. The firm is well poised to capitalize on the
construction boom taking place in the Island with its proven track record.

10
A member of Asia Capital Group

6th September 2013

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements


As at 6th September 2013
Dividends announcements

Company

Dividend
Per share
(LKR)

Final/ Interim

XD Date

Payment
Date

First Capital Holdings PLC

2.00

Interim

03-09-2013

12-09-2013

Royal Palms Beach Hotels PLC

0.80

First & Final

04-09-2013

13-09-2013

Tangarine Beach Hotel PLC

0.50

First & Final

04-09-2013

13-09-2013

Bairaha Farms PLC

1.50

Final

05-09-2013

16-09-2013

ACL Cables PLC

1.00

Interim

06-09-2013

17-09-2013

Panasian Power PLC

0.10

Interim

09-09-2013

18-09-2013

Hemas Power PLC

0.75

Interim

09-09-2013

18-09-2013

Asia Siyaka Commodities PLC

0.38

First & Final

11-09-2013

20-09-2013

Dunamis Capital PLC

1.00

Interim

11-09-2013

23-09-2013

Dankotuwa Porcelain PLC

0.40

Final

12-09-2013

20-09-2013

Lanka IOC PLC

1.00

Final

16-09-2013

25-09-2013

Orient Finance PLC

0.20

First & Final

17-09-2013

26-09-2013

Final

18-09-2013

27-09-2013

Alliance Finance Company PLC

15.00

Convenience Foods Lanka PLC

1.50

First & Final

20-09-2013

30-09-2013

HVA Foods PLC

0.20

First & Final

20-09-2013

30-09-2013

Trade Finance & Investments PLC

0.91

Final

20-09-2013

30-09-2013

Swadeshi Industrial Works PLC

1.00

Final

23-09-2013

30-09-2013

Kandy Hotels Company (1938) PLC

0.02

Final

23-09-2013

01-10-2013

25.00

Final

23-09-2013

01-10-2013

Final (out of dividend income-net of tax)

23-09-2013

01-10-2013

10.00

First & Final

23-09-2013

27-09-2013

Renuka City Hotels PLC

4.00

First & Final

24-09-2013

27-09-2013

Cargo Boat Development Company

1.50

First & Final

24-09-2013

27-09-2013

Arpico Finance Company PLC

2.00

First & Final

25-09-2013

03-10-2013

Abans Electricals PLC

2.00

Final

25-09-2013

03-10-2013

Chilaw Finance PLC

0.50

First & Final

26-09-2013

04-10-2013

Lanka Ventures PLC

1.00

Final

24-09-2013

02-10-2013

Lankem Ceylon PLC

1.50

First & Final

25-09-2013

03-10-2013

Renuka Agri Foods PLC

0.10

Final

26-09-2013

04-10-2013

Renuka Holdings PLC

0.70

Final (Voting & Non-Voting)

26-09-2013

04-10-2013

Renuka Shaw Wallace PLC

0.30

Final (Voting & Non-Voting)

26-09-2013

04-10-2013

First & Final

27-09-2013

03-10-2013

Harischandra Mills PLC


Cargills (Ceylon) PLC
Lanka Ashok Leyland PLC

Serendib Land PLC

1.30

25.00

Lake House Printers & Publishers PLC

0.75

Final

27-09-2013

07-10-2013

Elpitiya Plantations PLC

0.50

First & Final

27-09-2013

07-10-2013

Distilleries Company of Sri Lanka PLC

3.00

Final

30-09-2013

08-10-2013

J. L. Morison Sons & Jones (Ceylon) PLC

2.00

First & Final

30-09-2013

08-10-2013

Colonial Motors PLC

3.00

First & Final

30-09-2013

08-10-2013

Industrial Asphalts (Ceylon) PLC

2.00

First & Final (Subject to tax)

30-09-2013

08-10-2013

Lanka Milk Foods (CWE) PLC

1.50

First & Final

01-10-2013

02-10-2013

Gestetner of Ceylon PLC

4.00

First & Final

01-10-2013

08-10-2013

E-Channelling PLC

0.50

Final

01-10-2013

09-10-2013

The Colombo Fort Land & Building

0.30

First & Final

01-10-2013

09-10-2013

C T Land Development PLC

1.20

Final

04-10-2013

14-10-2013

11
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

6th September 2013

Stock Exchange Announcements Contd...


Rights issues
Company

Proportion / Issue Price

XR date

Last Date Of
Acceptance &
Payment

Trading of rights
Commences on

* Rights issue would be delayed until the outcome of the


proposed Act with regard to acquisition of its land by the
State is known.

Pelwatte Sugar

01 for 04 @ LKR18.00

The KingsburyPlc

03 for 08 @ LKR 10.00

15-08-2013

03-09-2013

26-08-2013

John Keells Holdings


PLC

02 for 13

13-10-2013

25-10-2013

15-10-2013

12
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

06 September 2013

Valuation Guide
Company

YE SH
(mn)

M.CAP Price
(Bn)

Earnings(LKR Mn)
FY10

FY11

FY12

FY13

4,786.8
4,786.8
5,508.0
5,508.0
3,484.5
2,102.6

6,148.8 8,111.0 10,003.5


6,148.8 8,111.0 10,003.5
8,094.7 10,079.8 10,179.2
8,094.7 10,079.8 10,179.2
4,150.6 5,342.6 4,488.7
2,705.5 8,853.8 3,997.5

EPS
FY14E FY10 FY11 FY12

PE
FY13 FY14E FY10 FY11 FY12 FY13

FY14E

DPS

DY

ROE

BVPS

PBV

FINANCIAL SERVICES
HNB
HNB(NV)
Commercial Bank
Commercial Bank(NV)
Sampath Bank
NDB Bank

Dec
Dec
Dec
Dec
Dec
Dec

318.84
80.04
794.14
54.54
167.76
164.69

48.1
8.8
90.9
4.8
31.0
23.6

11,625.6
11,625.6
12,351.5
12,351.5
5,952.6
4,973.1

12.0
12.0
6.5
6.5
20.8
12.8

15.4
15.4
9.5
9.5
24.7
16.4

20.3
20.3
11.9
11.9
31.8
53.8

25.1
25.1
12.0
12.0
26.8
24.3

29.1
29.1
14.6
14.6
35.5
30.2

12.6
9.1
17.6
13.6
8.9
11.2

9.8
7.1
12.0
9.2
7.5
8.7

7.4
5.4
9.6
7.4
5.8
2.7

6.0
4.4
9.5
7.3
6.9
5.9

5.2
3.8
7.9
6.0
5.2
4.7

8.50
8.50
6.50
6.50
6.00
15.00

5.6%
7.8%
5.7%
7.4%
3.2%
10.5%

16%
16%
19%
19%
20%
36%

129.4
129.4
62.4
62.4
162.2
151.1

1.2
0.8
1.8
1.4
1.1
0.9

CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.

Mar
Mar

857.92
406.00

179.7 209.50
46.3 114.00

5,201.5 8,245.6
2,059.6 2,536.0

9,775.0 12,201.1 12,425.0


3,709.2 3,266.8 5,089.4

6.1
5.1

9.6
6.2

11.4
9.1

14.2
8.0

14.5
12.5

34.6
22.5

21.8
18.3

18.4
12.5

14.7
14.2

14.5
9.1

3.50
1.50

1.7%
1.3%

14%
12%

104.7
69.1

2.0
1.6

FOOD & BEVERAGE


Distilleries
Ceylon Tobacco

Mar
Dec

300.00
187.32

55.2 184.00
204.2 1090.00

2,135.7 8,124.0
5,097.1 6,568.8

5,675.4
8,176.7

5,519.7
8,097.4

8,918.3
8,083.5

7.1
27.2

27.1
35.1

18.9
43.7

18.4
43.2

29.7
43.2

25.8
40.1

6.8
31.1

9.7
25.0

10.0
25.2

6.2
25.3

45

0.0%
4.1%

11%
239%

164.6
18.2

1.1
59.8

TOURISM
Asian Hotels & Properties Mar
Mar
Aitken Spence Hotel

442.78
336.29

30.5
21.9

68.80
65.00

629.8 1,774.5
523.8 1,034.1

2,150.6
1,395.3

2,494.3
1,782.1

2,617.7
1,747.0

1.4
1.6

4.0
3.1

4.9
4.1

5.6
5.3

5.9
5.2

52.7
41.7

18.7
21.1

14.2
15.7

12.2
12.3

11.6
12.5

4.00
1.00

5.8%
0.0%

11%
14%

49.0
38.4

1.4
1.7

MANUFACTURING
Chevron Lubricants
Tokyo (V)
Tokyo (NV)
Piramal Glass
Textured Jersey

Dec
Mar
Mar
Mar
Mar

120.00
222.75
111.38
950.09
655.00

30.6 255.00
5.2 23.40
2.1 18.70
4.9
5.20
8.8 13.50

1,501.3 2,000.6
369.3 855.7
369.3 855.7
(61.1) 578.7
577.0 685.0

2,257.3
973.2
973.2
686.4
629.0

2,583.5
827.9
827.9
724.4
1,016.0

2,678.2
1,505.0
1,505.0
948.2
1,097.0

12.5
1.1
1.1
(0.1)
0.9

16.7
2.6
2.6
0.6
1.0

18.8
2.9
2.9
0.7
1.0

21.5
2.5
2.5
0.9
1.6

22.3
4.5
4.5
1.0
1.7

20.4
21.2
16.9
N/A
N/A

15.3
9.1
7.3
8.5
N/A

13.6
8.0
6.4
7.2
14.1

11.8
9.4
7.5
5.5
8.7

11.4
5.2
4.2
5.2
8.1

11.00
1.00
1.00
0.38
1.24

4.3%
4.3%
5.3%
7.3%
9.2%

55%
12%
12%
20%
16%

34.4
20.1
20.1
3.8
9.4

7.4
1.2
0.9
1.4
1.4

Construction
Access Engineering

Mar 1000.00

962.0 1733.00 2382.00 2613.00

0.8

1.0

1.7

2.4

2.6

N/A

N/A

11.9

8.6

7.9

0.50

0.1%

19%

12.5

1.7

20.6

151.00
109.50
114.50
88.00
185.00
143.20

20.60

808.0

*Companies with their financial year ending in December would carry forecasted figure for FY13.

13
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

06 September 2013

Broad Market
Company

Year
End

MARKET
FINANCIAL SERVICES
Banking
COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
DFCC BANK
HNB [V]
HNB [NV]
NATIONS TRUST BANK
NDB
PAN ASIA BANK
SAMPATH BANK
SEYLAN BANK [V]
SEYLAN BANK [NV]
HDFC
UNION BANK
Finance Co.s & / Merchant Banks
ASIA CAPITAL
ALLIANCE FINANCE
ARPICO FINANCE
CENTRAL FINANCE
NATION LANKA
LOLC
LB FINANCE
MERCHANT BANK
PEOPLE'S MERCHANT
SMB LEASING PLC [V]
SMB LEASING PLC [NV]
THE FINANCE
THE FINANCE[NV]
SOFTLOGIC FINANCE
VALLIBEL FINANCE
SINHAPUTRA
SINGER FINANCE
BIMPUTH LANKA INVESTMENTS
TRADE FINANCE

Price
(LKR) 1W(%)
(2.77)
(1.76)

Price Performance
1M(%) 1Q(%)
(7.33)
(5.56)

(10.98)
(10.73)

1Y(%)

Shares Trailing
Mn
ROE

5.26
2.26

12.75%
14.57%

COMBN
COMBX
DFCCN
HNB N
HNB X
NTB N
NDB N
PABCN
SAMPN
SEYBN
SEYBX
HDFCN
UBC N

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB

D
D
M
D
D
D
D
D
D
D
D
D
D

114.50
88.00
118.00
151.00
109.50
58.80
143.20
16.20
185.00
56.20
30.00
28.40
15.50

(0.78)
(3.19)
(3.43)
(1.18)
(1.53)
(1.84)
(4.80)
(2.99)
(1.39)
(4.58)
(5.38)
(5.33)
(3.13)

(4.26)
(7.17)
(9.01)
(0.53)
(0.91)
(6.22)
(13.52)
(7.43)
(6.19)
(9.35)
(14.57)
(23.66)
(9.88)

(6.83)
(10.10)
(17.23)
(11.10)
(13.00)
(11.58)
(17.42)
(20.59)
(15.64)
(16.37)
(20.05)
(35.45)
(18.85)

8.02
1.61
(1.50)
4.15
5.92
0.86
20.32
(15.18)
(2.63)
(3.10)
(0.33)
(54.05)
3.33

794.14
54.54
265.10
318.84
80.04
230.61
164.69
295.04
167.76
175.98
168.98
64.71
349.25

ACAPN
ALLIN
ARPIN
CFINN
CSF N
LOLCN
LFINN
MBSLN
PMB N
SEMBN
SEMBX
TFC N
TFC X
CRL N
VFINN
SFL N
SFINN
BLI N
TFILN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
D
M
D
D
M
M
M
M
M
M
M
M

17.10
899.00
86.00
183.00
6.30
50.00
104.00
12.70
11.60
0.60
0.40
8.50
3.00
27.00
27.50
100.00
10.80
16.30
13.80

(6.04)
(2.54)
5.65
(0.27)
(7.35)
(0.20)
(4.23)
(8.09)
(14.29)
(16.67)
(9.09)
(12.05)
(0.72)
0.50
(4.42)
(8.15)
(2.16)

(18.96)
(3.65)
(9.47)
0.77
(19.23)
(8.76)
(9.39)
(21.88)
(10.08)
(25.00)
(25.00)
(33.07)
(25.00)
0.75
(6.14)
22.55
(11.48)
(7.14)
(6.21)

(35.23)
(13.67)
(21.03)
(4.64)
(45.69)
(15.97)
(21.36)
(30.17)
(22.67)
(33.33)
(25.00)
(39.29)
(40.00)
(20.59)
(19.12)
32.28
(27.03)
(31.85)
(6.85)

(52.10)
29.48
(8.51)
16.70
(43.75)
(7.24)
(21.06)
(47.92)
(24.18)
(53.85)
(40.00)
(62.72)
(45.45)
(16.15)
(19.83)
17.79
(18.80)
(34.50)
4.62

110.00
2.43
4.46
104.88
249.95
475.20
69.26
135.00
67.50
1191.77
614.07
57.97
100.00
37.45
41.55
6.30
165.33
26.93
56.80

14
A member of Asia Capital Group

BVPS

16.60%
16.60%
9.40%
15.29%
15.29%
18.91%
36.44%
15.04%
14.54%
10.02%
10.02%
1.75%
4.37%
12.15%
na
23.05%
11.88%
17.47%
na
9.57%
28.11%
1.49%
na
8.39%
8.39%
na
na
13.88%
29.89%
7.34%
12.54%
10.72%
18.90%

65.48
65.48
137.93
135.42
135.42
45.93
146.30
13.89
166.73
58.97
58.97
37.73
14.17
5.24
905.43
100.72
168.24
1.79
43.63
80.43
21.69
16.59
0.52
0.52
-44.43
-44.43
33.32
24.26
130.61
11.31
13.21
12.75

Net Profits
4 Qtrs
trailing

Jun13

Mar13

Net Profits (mn)


Dec12
Sep12

194,689.82
34,862.60 53,008.50 64,584.81 46,873.54
64,661.43
10,866.21 12,335.75 29,068.30 12,639.67
38,678.69
7,487.77 7,566.77
15,680.20 7,943.94
9,223.20 2,230.95
2,256.05
2,433.00
2,303.20
9,223.20 2,230.95
2,256.05
2,433.00
2,303.20
3,436.26
595.40
1,226.63
795.10
819.13
8,256.99 2,149.70
1,262.19
3,168.72
1,676.38
8,256.99 2,149.70
1,262.19
3,168.72
1,676.38
2,002.33
478.37
501.93
455.50
566.53
8,780.61
797.75
506.89
6,797.20
678.77
616.75
10.52
151.45
259.38
195.40
4,065.97
651.74
1,055.90
1,313.80
1,044.53
2,037.51
484.24
509.51
454.56
589.19
2,037.51
484.24
509.51
454.56
589.19
42.67
12.03
38.43
(7.80)
0.01
216.39
77.07
57.79
10.74
70.79
13,143.96 2,688.16
3,363.04
3,187.29
4,153.98
(700.21) (212.87)
(240.79)
(101.30)
(145.25)
507.05
64.76
150.45
147.63
144.21
53.41
2.10
20.94
20.00
10.38
3,082.42
826.56
703.25
756.28
796.33
(89.42)
(16.04)
5.64
2.03
(81.05)
1,984.58
693.94
171.58
513.84
605.22
1,565.67
228.02
466.10
442.40
429.15
43.48
8.37
(2.29)
6.92
30.48
(111.35)
(58.95)
(25.71)
(27.97)
1.28
78.19
13.59
17.77
19.00
27.83
78.19
13.59
17.77
19.00
27.83
(1,650.50) (433.26)
(349.08)
(510.40)
(357.76)
(1,650.50) (433.26)
(349.08)
(510.40)
(357.76)
173.19
36.55
64.76
32.78
39.10
301.27
70.49
91.26
72.60
66.92
60.34
11.86
13.99
15.30
19.19
234.51
53.25
57.03
63.04
61.19
38.14
11.39
26.70
1.23
(1.17)
136.84
46.23
30.58
27.88
32.16

Trailing Trailing
EPS
PE
12.00
9.20

PBV Market Cap


(mn)
1.53
1.34

2,336,407.60

10.87
10.87
12.96
20.70
20.70
8.68
53.31
2.09
24.24
5.91
5.91
0.66
0.62

10.5
8.1
9.1
7.3
5.3
6.8
2.7
7.7
7.6
9.5
5.1
43.1
25.0

1.7
1.3
0.9
1.1
0.8
1.3
1.0
1.2
1.1
1.0
0.5
0.8
1.1

90,929.50
4,799.80
31,281.53
48,145.38
8,764.50
13,559.71
23,584.04
4,779.67
31,035.04
9,889.93
5,069.49
1,837.78
5,413.38

na
208.66
11.97
29.39
na
4.18
22.61
0.32
na
0.04
0.04
na
na
4.62
7.25
9.58
1.42
1.42
2.41

na
4.3
7.2
6.2
na
12.0
4.6
39.4
na
13.9
9.2
na
na
5.8
3.8
10.4
7.6
11.5
5.7

3.3
1.0
0.9
1.1
3.5
1.1
1.3
0.6
0.7
1.2
0.8
-0.2
-0.1
0.8
1.1
0.8
1.0
1.2
1.1

1,881.00
2,184.57
383.78
19,193.65
1,574.69
23,760.00
7,202.74
1,714.50
783.00
715.06
245.63
492.71
300.00
1,011.26
1,142.64
629.59
1,785.60
439.01
783.85

Weekly Review by Asia Wealth Research

Company
CITIZENS DEVELOP. BUS.FINANCE
CITIZENS DEVELOP.BUS.FINANCE [NV]
SENKADAGALA FINANCE
SWARNAMAHAL FINANCE
CHILAW FINANCE LIMITED
COMMERCIAL CREDIT LIMITED
MERCANTILE INVESTMENTS
MULTI FINANCE
LANKA ORIX FINANCE
ABANS FINANCIAL SERVICES
CENTRAL INV & FINPLC
ASSOCIATED MOTOR FINANCE PLC
CAPITAL ALLIANCE FINANCE LIMITED
NANDA INVESTMENTS AND FINANCE
SOFTLOGIC CAPITAL LIMITED
ENTRUST
PEOPLES LEASING
ASIA ASSET FINANCE LIMITED
ORIENT FINANCIAL SERVICE
SANASA DEVELOPMENT BANK
COMMERCIAL LEASING & FINANCE
GEORGE STEUART FINANCE
Insurance
AMANA TAKAFUL INS.
ASIAN ALLIANCE
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
AIA INSURANCE LANKA
HNB ASSURANCE
UNION ASSURANCE
JANASHAKTHI
Venture Capital Co.s
NDB CAPITAL
FIRST CAPITAL
LANKA VENTURES

CDB N
CDB X
SFCLN
SFS N
CFL N
COCRN
MERCN
MFL N
LOFCN
AFSLN
CIFLN
AMF N
CALFN
NIFLN
SCAPN
ESL N
PLC N
AAF N
ORINN
SDB N
CLC N
GSF N

MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB

Year
End
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M

ATL N
AAICN
CINSN
CINSX
CTCEN
HASUN
UAL N
JINSN

DiriSaviB
DiriSaviB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

D
D
D
D
D
D
D
D

1.40
83.00
1179.50
375.00
300.10
48.20
100.00
12.90

(3.60)
12.20
(1.32)
(0.41)
(6.54)
(4.44)

(13.63)
2.44
(10.29)
(4.27)
(3.60)
(4.58)
(7.19)

(6.67)
(17.08)
13.39
(6.20)
(0.17)
(10.74)
(3.85)
(4.44)

(22.22)
(7.26)
52.01
25.00
7.56
(7.13)
(10.63)
-

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

486.00
14.90
35.00

5.54
(20.21)
(5.41)

(0.21)
(18.03)
(2.78)

7.52
(15.73)
(1.41)

26.73
9.49
0.57

38.00
32.40
50.00
1.60
11.60
10.00
2200.00
13.10
2.70
30.50
0.70
390.00
14.00
8.00
3.20
18.40
13.50
1.60
14.20
77.50
3.50
680.00

Price Performance
1W(%)
1M(%)
(5.39)
(8.10)
(8.73)
(3.28)
6.67
(11.11)
(9.38)
(18.31)
(15.38)
(19.51)
(8.39)
(29.95)
(3.57)
(10.00)
(5.02)
(7.90)
(36.36)
5.43
6.85
(6.67)
(20.45)
(6.98)
(8.05)
(5.88)
(42.86)
(3.16)
(10.24)
(5.59)
(6.25)
(5.88)
(20.00)
(3.40)
(5.33)
(0.51)
(9.04)
(7.89)
(10.26)
13.56

1Q(%)
(27.03)
(21.74)
(46.67)
(4.92)
(26.67)
(46.96)
(20.59)
(1.30)
(63.16)
(0.76)
(36.36)
(47.54)
(27.27)
(10.00)
(30.43)
(1.39)
4.45
(16.67)
19.30

1Y(%)
(6.76)
(3.28)
150.00
(70.91)
(31.36)
(41.76)
(63.61)
(38.64)
(21.71)
(86.54)
(6.02)
(53.18)
25.00
(50.77)
(28.68)
3.85
(46.67)
(17.44)
3.61
(27.08)
-

Shares
Mn
46.30
8.01
53.37
500.00
33.90
238.07
3.01
22.46
2800.00
37.00
83.43
5.61
38.77
100.72
299.20
33.00
1579.86
559.47
115.63
25.18
6377.71
22.50

Trailing
BVPS
ROE
19.43%
56.61
19.43%
56.61
37.79%
29.51
4.00%
0.83
8.05%
11.61
45.87%
6.83
13.58% 1903.97
na
14.91
10.50%
1.96
7.62%
12.06
na
2.27
23.63% 125.30
1.20%
8.02
6.28%
5.35
na
5.67
15.61%
22.62
15.98%
11.99
9.31%
1.35
17.53%
7.02
9.90% 134.88
11.94%
1.27
na
14.40

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

9.59%
4.76%
14.26%
14.26%
15.88%
20.11%
23.52%
28.48%

1.01
43.86
534.67
534.67
134.29
36.89
47.33
9.17

32.90 131.15%
101.25 22.64%
50.00 16.62%

164.67
18.98
23.43

15
A member of Asia Capital Group

06 September 2013

Net Profit
4Qtrs
597.29
597.29
595.15
16.52
31.70
746.04
777.18
(110.76)
575.39
34.00
(512.98)
166.08
3.73
33.79
(173.54)
116.53
3,027.00
70.44
142.37
336.27
966.14
(1.96)

Jun'13
135.02
135.02
76.17
(40.59)
6.50
172.99
95.19
(39.20)
76.50
2.12
(182.14)
50.27
(4.05)
7.63
(101.10)
6.12
681.00
15.90
9.74
80.63
294.50
(1.02)

Mar'13
143.80
143.80
184.40
1.10
12.80
313.20
169.90
(54.70)
171.60
13.70
(182.64)
39.80
(2.10)
8.70
(65.80)
42.00
1,006.00
18.20
41.00
117.10
199.80
(17.00)

Dec'12
169.97
169.97
156.48
21.26
8.87
126.58
157.79
(10.48)
62.77
4.46
(117.04)
38.95
4.11
9.95
12.34
38.30
534.00
19.79
38.85
73.18
273.73
10.37

5,102.77
97.05
78.30
2,013.84
2,013.84
639.85
370.93
954.22
948.58
7,736.01
7,106.35
434.94
194.72

364.86
17.20
-56.60
162.70
162.70
-9.26
54.71
78.36
117.75
325.42
211.05
62.04
52.33

788.20
33.20
36.20
326.60
326.60
32.00
50.10
111.40
198.70
617.74
337.37
220.35
60.02

3,629.66
70.86
138.81
1,364.04
1,364.04
514.02
211.26
698.56
632.13
6,571.15
6,439.40
79.51
52.24

Net
Sep'12
148.50
148.50
178.10
34.75
3.53
133.27
354.30
(6.38)
264.52
13.72
(31.16)
37.07
5.77
7.51
(18.98)
30.11
806.00
16.55
52.78
65.36
198.11
5.69
320.05
(24.20)
(40.10)
160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13

Trailing
EPS
11.00
11.00
11.15
0.03
0.93
3.13
258.54
1.12
0.21
0.92
0.00
29.61
0.10
0.34
-0.93
3.53
1.92
0.13
1.23
13.36
0.15
0.00

Trailing
PE
3.5
2.9
4.5
48.4
12.4
3.2
8.5
na
13.1
33.2
na
13.2
145.5
23.8
na
5.2
7.0
12.7
11.5
5.8
23.1
na

PBV

Mkt Cap Mn

0.7
0.6
1.7
1.9
1.0
1.5
1.2
0.9
1.4
2.5
0.3
3.1
1.7
1.5
0.6
0.8
1.1
1.2
2.0
0.6
2.8
47.23

1,759.37
259.39
2,668.40
800.00
393.26
2,380.74
6,613.20
294.25
7,560.00
1,128.50
58.40
2,187.26
542.72
805.73
957.44
607.20
21,328.14
895.16
1,641.88
1,951.09
22,321.99
15,300.00

0.09
1.36
76.24
76.24
21.33
7.42
11.13
2.61

15.0
60.9
15.5
4.9
14.1
6.5
9.0
4.9

1.4
1.9
2.2
0.7
2.2
1.3
2.1
1.4

1,400.00
3,112.50
23,590.00
2,405.43
9,003.00
2,410.00
8,571.43
4,682.70

215.97
4.30
3.89

2.3
3.5
9.0

3.0
0.8
1.5

15,991.80
1,508.63
1,750.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
(4.19)
(4.90)
(2.99)
(3.70)
(3.89)
(3.89)
(10.17)
(8.13)
(3.12)
(10.29)
(4.94)
(2.27)
(4.56)
(6.95)
(1.88)
(12.78)
1.43
(11.80)
(5.80)
(3.44)
(0.38)
(2.74)
(12.16)
(3.81)
(0.21)
4.57
0.51
(1.50)
(1.87)
(4.35)
(5.90)
(1.97)
(8.97)
(24.57)
(2.63)
(5.13)
(16.99)
(12.61)
(13.64)
(17.39)
(11.58)
(23.64)

1Q(%)
0.80
(10.28)
(16.45)
(20.82)
(14.90)
(8.31)
14.52
(27.98)
(17.44)
(11.72)
(6.15)
(4.57)
(18.65)
(10.09)
(12.35)
(12.28)
1.44
(34.81)
(13.95)
(29.31)
(24.00)
(33.86)

1Y(%)
46.10
(10.34)
4.07
48.22
18.43
(4.58)
61.80
(71.66)
(64.41)
17.76
34.89
(22.31)
(1.52)
37.43
51.06
14.58
77.92
(55.93)
(24.49)
(19.62)
(42.42)
(40.00)

Shares
Mn
16.00
224.00
20.99
95.04
20.00
187.32
89.77
4.77
2.75
300.00
0.96
25.50
31.40
80.00
40.00
53.73
23.55
561.75
30.00
282.21
66.43

Trailing
ROE
20.28%
9.29%
3.77%
15.89%
20.38%
14.48%
170.01%
0.49%
0.49%
28.35%
11.31%
11.24%
6.35%
13.65%
17.36%
4.50%
134.24%
1.45%
4.89%
9.79%
4.82%
7.23%

BVPS

06 September 2013

108.25
53.61
144.17
94.23
402.82
26.91
23.64
23.64
137.85
167.97
999.22
61.78
25.76
73.47
242.06
47.82
33.66
3.46
26.39
2.72
7.75

Net Profit
4Qtrs
23,957.44
160.93
453.11
480.79
1,825.04
1,166.67
8,570.00
10.97
10.97
107.48
5,701.10
107.78
100.08
110.39
1,020.18
435.28
3,449.27
11.52
95.03
77.51
37.09
37.21

Jun'13
6,416.51
52.18
121.36
102.78
160.22
159.08
2,823.00
22.88
22.88
14.45
1,643.19
24.52
29.76
20.54
287.70
85.59
787.32
19.87
34.00
15.77
4.24
8.07

-27%
Mar'13
5,857.07
84.62
123.48
110.55
1,422.92
319.97
1,463.00
(83.02)
(83.02)
62.94
968.45
31.27
27.48
38.58
232.28
82.56
914.02
21.75
(11.70)
29.62
7.42
10.87

Dec'12
5,449.31
5.63
127.20
98.37
62.51
231.42
1,984.00
31.31
31.31
26.20
1,472.85
29.66
37.87
35.16
185.68
188.58
949.80
(33.67)
6.06
1.50
5.70
3.49

Net
Sep'12
6,234.55
18.50
81.07
169.09
179.40
456.20
2,300.00
39.80
39.80
3.90
1,616.60
22.33
4.97
16.12
314.53
78.55
798.13
3.57
66.66
30.62
19.73
14.79

Trailing
EPS

PBV

Mkt Cap Mn

10.06
2.02
22.91
19.20
58.33
45.75
0.12
0.12
39.09
19.00
112.29
3.92
3.52
12.75
10.88
64.20
0.49
0.17
2.58
0.13
0.56

Trailing
PE
20.77
12.9
74.6
20.7
8.0
10.4
23.8
135.3
122.4
4.8
9.7
18.0
16.6
13.7
27.8
10.1
31.2
53.5
21.9
14.7
14.5
14.8

4.21
1.2
2.8
3.3
1.6
1.5
40.5
0.7
0.6
1.4
1.1
2.0
1.1
1.9
4.8
0.5
41.9
0.8
1.1
1.4
0.7
1.1

2,080.00
33,801.60
9,954.65
14,636.16
12,122.00
204,182.89
1,409.42
67.78
517.83
55,200.00
1,938.80
1,657.50
1,510.34
28,400.00
4,399.78
107,558.38
616.88
2,078.48
1,143.00
536.19
551.36

BEVERAGE FOOD AND TOBACCO


BAIRAHA FARMS
CARGILLS
CEYLON BEVERAGE HOLDINGS
CEYLON COLD STORES
CEYLON TEA SERVICES
CEYLON TOBACCO
RENUKA SHAW WALLACE (N)
RENUKA SHAW WALLACE [NV]
CONVENIENCE FOOD
DISTILLERIES
HARISCHANDRA MILLS
KEELLS FOOD PRODUCTS
KOTMALE HOLDINGS
LION BREWERY
LANKA MILK FOODS
NESTLE LANKA
THREE ACRE FARMS
RENUKA AGRI
TEA SMALLHOLDERS
RAIGAM WAYAMBA SALTERNS LTD
HVA FOODS

BFL N
CARGN
BREWN
CCS N
CTEAN
CTC N
COCON
COCOX
SOY N
DISTN
HARIN
KFP N
LAMBN
LIONN
LMF N
NESTN
TAFLN
RAL N
TSMLN
RWSLN
HVA N

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
D
D
M
M
M
M

130.00
150.90
474.30
154.00
606.10
1090.00
15.70
14.20
188.30
184.00
2020.00
65.00
48.10
355.00
110.00
2,002.00
26.20
3.70
38.10
1.90
8.30

CHEMICALS & PHARMACEUTICALS


CHEMANEX
CHEMICAL INDUSTRIES [V]
CHEMICAL INDUSTRIES [NV]
HAYCARB
INDUSTRIAL ASPHALTS
J.L. MORISON [V]
J.L. MORISON [NV]
LANKEM CEYLON
SINGALANKA
MULLERS
UNION CHEMICALS
PC PHARMA

CHMXN
CIC N
CIC X
HAYCN
ASPHN
MORIN
MORIX
LCEYN
SINGN
MULLN
UCARN
PCP N

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

M
M
M
M
M
M
M
M
M
M
D

73.40
54.00
35.10
188.00
187.80
319.00
185.00
130.00
51.30
1.10
365.00
1.30

(3.40)
(0.81)
(10.00)
(2.50)
3.13
(1.37)
(3.04)
2.78
(4.78)
(2.47)
(8.33)
(8.48)
(13.33)

(5.99)
(0.81)
(10.00)
(17.22)
(4.67)
(10.57)
10.76
(11.90)
(8.86)
(10.00)
(15.38)
(18.01)
(13.33)

(18.33)
(10.81)
(24.05)
(31.84)
(10.14)
(24.97)
(8.86)
(4.34)
(20.75)
(24.67)
(31.25)
(25.29)
(72.92)

(10.60)
(8.36)
(27.03)
(40.61)
17.38
(38.43)
74.22
48.48
(8.86)
(14.64)
(45.00)
(35.77)
(89.17)

15.75
72.90
21.87
29.71
0.67
5.81
1.74
24.00
5.54
283.00
1.50
101.00

6.81%
na
2.35%
2.35%
20.76%
2.63%
8.53%
8.53%
5.08%
na
14.45%
9.95%
na

79.43
81.09
81.09
153.34
135.65
256.91
256.91
150.48
53.92
0.63
195.83
1.33

1,364.42
(29.50)
180.74
180.74
945.73
2.38
165.47
165.47
183.40
(8.37)
25.66
29.23
(130.32)

(44.92)
(1.22)
(75.27)
(75.27)
199.89
0.57
30.19
30.19
(185.44)
2.29
7.85
2.62
(26.41)

328.15
(25.63)
55.28
55.28
305.87
0.82
52.52
52.52
72.81
(15.44)
0.26
9.40
(127.74)

702.71
(12.51)
152.10
152.10
196.73
0.52
46.24
46.24
307.20
(6.25)
4.12
11.27
3.29

378.49
9.86
48.63
48.63
243.24
0.47
36.52
36.52
(11.17)
11.03
13.43
5.94
20.54

na
1.91
1.91
31.83
3.57
21.91
21.91
7.64
na
0.09
19.49
na

13.30
na
28.3
18.4
5.9
52.6
14.6
8.4
17.0
na
12.1
18.7
na

0.91
0.9
0.7
0.4
1.2
1.4
1.2
0.7
0.9
1.0
1.8
1.9
1.0

1,156.05
3,936.60
767.64
5,585.93
125.18
1,852.84
322.36
3,120.00
284.24
311.30
547.50
131.30

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

194.50
4.10
23.20
20.60

(2.32)
(4.52)
(2.38)
(7.57)
-

(6.96)
(10.82)
(25.45)
(21.09)
(1.45)

(10.60)
(17.76)
(39.71)
(19.44)
(2.86)

6.76
(4.66)
(46.05)
(14.39)
22.16

71.86
60.00
114.36
1000.00

15.46%
11.98%
na
10.88%
22.50%

142.76
10.33
39.01
13.04

4,386.36
1,229.25
(261.16)
485.45
2,932.82

764.57
115.84
(66.45)
160.97
554.22

1,046.29
336.04
(204.33)
183.20
731.38

1,357.34
434.21
36.45
51.74
834.95

1,218.16
343.17
(26.82)
89.54
812.27

17.11
na
4.25
2.93

8.54
11.4
na
5.5
7.0

1.32
1.4
0.4
0.6
1.6

13,976.56
246.00
2,653.09
20,600.00

16
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
C T HOLDINGS
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
F L C HOLDINGS
VALLIBEL ONE LIMITED
BROWNS INVESTMENTS PLC
PCH HOLDINGS LIMITED
TAPROBANE HOLDINGS

SPENN
CARSN
CTHRN
CFLBN
JFINN
HAYLN
HHL N
JKH N
CSECN
RICHN
SUN N
SHL N
EXPON
FLCHN
VONEN
BIL N
PCHHN
TAP N

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB

M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M

114.00
358.00
135.80
27.00
250.50
290.00
31.00
209.50
12.50
6.20
29.00
8.30
6.80
2.20
14.70
2.30
0.90
4.00

FOOTWEAR AND TEXTILES


CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

68.90
9.70
20.80
18.30

HOTELS AND TRAVELS


City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
HOTEL DEVELOPERS
KINGSBURY
RENUKA CITY HOTEL
TAJ LANKA
TRANS ASIA

AHPLN
GHLLN
HDEVN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
DefaultB
MainB
MainB
MainB
MainB

M
D
M
M
M
M
M

68.80
9.80
94.80
9.80
245.00
26.40
81.00

Price Performance
1W(%)
1M(%)
(2.72)
(14.97)
(2.48)
(6.56)
(1.94)
(13.00)
(3.00)
(3.00)
(8.62)
(17.19)
(9.89)
(7.88)
(1.02)
(4.54)
3.33
(5.49)
(2.51)
(22.21)
3.33
(0.80)
(4.69)
(11.59)
(3.65)
(7.94)
(8.99)
(11.96)
(4.23)
1.49
(4.55)
(16.00)
(5.77)
(15.03)
(11.54)
(18.18)
(30.77)
(16.67)

1Q(%)
(19.28)
(15.24)
(18.64)
(6.22)
(27.20)
(15.87)
(5.69)
(13.89)
(23.35)
(12.68)
(19.74)
(20.11)
(27.03)
(4.23)
(22.22)
(23.04)
(30.30)
(74.29)
(20.00)

1Y(%)
(6.02)
(3.39)
(17.45)
4.06
(22.06)
(14.38)
(6.60)
8.77
5.33
5.98
(30.68)
1.75
(20.59)
(11.69)
(27.59)
(11.45)
(41.03)
(92.11)
(24.53)

(4.47)
(4.31)
(2.06)
(10.24)
(4.66)

(11.17)
(6.77)
(5.00)
(9.36)
(14.81)

(20.80)
(15.46)
(8.65)
(24.90)
(25.51)

(16.54)
(18.94)
(8.65)
(28.96)
(19.30)

(1.21)

(4.13)

(13.35)

(13.61)

(0.29)
(10.09)
(2.97)
(2.00)
1.15
(1.10)

(7.03)
(14.04)
(10.09)
(4.37)
(4.00)
8.29

(8.27)
(26.87)
(38.75)
(14.60)
(12.58)
(2.88)

(16.50)
(36.36)
(38.75)
2.08
(15.11)
12.34

17
A member of Asia Capital Group

Shares
Mn
406.00
196.39
183.10
180.00
35.00
75.00
515.29
857.92
123.00
1958.09
133.83
779.00
1954.92
1368.00
1086.56
1860.00
252.00
732.95

Trailing
ROE
11.05%
11.67%
13.32%
9.55%
4.89%
5.78%
9.07%
12.93%
13.37%
12.30%
19.89%
12.43%
3.65%
11.75%
7.21%
3.81%
na
na
83.67%

34.23
152.34
25.00
272.13

-4.60%
3.35%
na
na
4.86%

BVPS

69.50
179.38
92.61
44.80
157.21
301.84
24.01
105.70
12.45
4.22
30.86
9.48
4.79
4.68
28.51
5.70
5.19
4.03

Net Profit
4Qtrs
33,442.59
3,293.21
4,691.88
1,619.01
394.62
318.11
2,054.33
1,600.04
12,128.76
188.34
1,642.37
513.38
269.14
1,099.94
461.26
1,181.31
(206.51)
(276.31)
2,469.72

Jun'13
4,826.50
666.94
585.12
665.44
(60.31)
42.06
418.39
276.71
1,586.40
18.31
185.19
65.39
38.97
323.07
(32.95)
146.28
(54.96)
(85.73)
42.17

Mar'13
11,696.96
1,193.17
2,408.60
388.39
78.68
85.12
490.84
590.54
5,232.99
132.00
330.59
145.24
11.98
277.51
224.70
242.33
(53.62)
(142.00)
59.90

Dec'12
9,928.45
701.69
823.25
418.12
369.10
108.80
772.62
345.01
2,897.64
17.66
557.07
204.44
84.62
200.09
167.61
364.60
(227.31)
(47.72)
2,171.17

Net
Sep'12
6,990.68
731.41
874.90
147.06
7.14
82.13
372.48
387.78
2,411.73
20.37
569.53
98.31
133.57
299.27
101.90
428.10
129.37
(0.86)
196.48

89.00
9.83
28.25
16.69

(450.31)
101.98
(548.59)
(224.46)
220.77

(193.41)
40.99
(90.55)
(195.14)
51.29

(249.94)
9.20
(262.93)
20.18
(16.39)

22.88
35.19
(110.00)
15.96
81.73

(29.84)
16.60
(85.11)
(65.46)
104.14

46.89
15.97
na
4.97
562.59
15.92
28.88

8,497.25
3,997.59
2,477.98
610.70
na
(457.30)
243.09
94.04
1,029.09

273.87
451.01
393.15
67.19

3,864.31
1,286.21
896.80
-5.26

2,346.98
1,111.11
622.66
209.00

-105.20
81.29
-106.92
121.50

-106.80
33.10
25.97
442.40

(138.90)
82.10
87.46
248.79

2,012.09
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40

7.28%
442.78
500.83
1811.62
176.00
7.00
139.64
200.00

11.93%
7.63%
na
na
6.17%
4.23%
17.82%

06 September 2013

Trailing
EPS

PBV

Mkt Cap Mn

8.11
23.89
8.84
2.19
9.09
27.39
3.11
14.14
1.53
0.84
3.84
0.35
0.56
0.34
1.09
na
na
3.37

Trailing
PE
13.05
14.1
15.0
15.4
12.3
27.6
10.6
10.0
14.8
8.2
7.4
7.6
24.0
12.1
6.5
13.5
na
na
1.2

1.44
1.6
2.0
1.5
0.6
1.6
1.0
1.3
2.0
1.0
1.5
0.9
0.9
1.4
0.5
0.5
0.4
0.2
1.0

46,283.55
70,306.52
24,864.61
4,860.00
8,767.50
21,750.00
15,974.01
179,734.64
1,537.46
12,140.14
3,880.97
6,465.70
13,293.42
3,009.60
15,972.42
4,278.00
226.80
2,931.80

2.98
na
na
0.81

na
23.1
na
na
22.6

0.95
0.8
1.0
0.7
1.1

2,358.71
1,477.73
520.00
4,979.97

35.57

2.59

12.3
8.0
na
na
7.1
39.2
15.7

1.5
0.6
na
2.0
0.4
1.7
2.8

5.60
1.22
na
na
34.73
0.67
5.15

30,462.94
4,908.13
171,741.17
1,724.80
1,715.00
3,686.43
16,200.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)

1Q(%)

1Y(%)

Shares
Mn

Resort Hotels
AIT. SPENCE HOTEL HOLD.
AMAYA LEISURE
BROWNS BEACH HOTELS
CEYLON HOTELS CORP.
PALM GARDEN HOTEL
BERUWALA WALK INN
EDEN HOTELS
HOTEL SIGIRIYA
HUNAS FALLS
KANDY HOTELS
JOHN KEELLS HOTELS
LIGHT HOUSE HOTEL
MIRAMAR
MAHAWELI REACH
NUWARA ELIYA
PEGASUS
CITRUS LEISURE
ROYAL PALMS
SIGIRIYA VILLAGE
DOLPHIN HOTELS
TANGERINE
SERENDIB HOTELS [V]
SERENDIB HOTELS [NV]
MARAWILA RESORTS
FORTRESS RESORTS
KALPITIYA BEACH RESORT
WASKADUWA BEACH RESORT
BERUWALA RESORTS
HIKKADUWA BEACH RESORT

AHUNN
CONNN
BBH N
CHOTN
PALMN
BINNN
EDENN
HSIGN
HUNAN
KHC N
KHL N
LHLN
MIRAN
MRH N
NEH N
PEG N
REEFN
RPBHN
SIGVN
STAFN
TANGN
SHOTN
SHOTX
MARAN
RHTLN
CITKN
CITWN
BERUN
CITHN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DefaultB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB

M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M

65.00
68.20
16.90
15.00
74.00
80.00
34.00
70.80
49.50
7.60
10.50
42.10
51.00
16.20
1150.00
35.00
14.00
28.50
54.00
34.00
60.00
25.50
14.40
5.30
13.00
5.00
5.80
1.40
19.50

(4.33)
(2.57)
(3.98)
(0.66)
3.50
15.11
(5.56)
(4.97)
1.02
(1.33)
(4.59)
0.96
(12.07)
(0.63)
(1.41)
1.45
(10.69)
(1.38)
(9.85)
(2.58)
(5.88)
2.86
(8.77)
(4.41)
(9.09)
(1.69)
(1.52)

(3.61)
(15.80)
(4.52)
(11.24)
(10.19)
29.03
3.03
(14.80)
(9.67)
(9.76)
(19.38)
(3.00)
(11.61)
(13.11)
(5.34)
(8.38)
(22.40)
(9.24)
(14.01)
(6.85)
(0.66)
(4.76)
(12.20)
(18.75)
(7.80)
(21.88)
(12.12)
(30.00)
(24.42)

(17.29)
(16.32)
(19.14)
(27.18)
(20.43)
(14.62)
(4.76)
(10.27)
(12.39)
(22.92)
(22.39)
(14.08)
(32.89)
(20.10)
(8.62)
(16.27)
(39.83)
(23.18)
(28.10)
(8.36)
(10.45)
(9.77)
(18.64)
(28.77)
(21.21)
(35.90)
(18.31)
(36.36)
(32.76)

(12.79)
(9.67)
1.20
(31.19)
(55.85)
18.52
0.29
(8.53)
(23.02)
(3.90)
(24.64)
(7.47)
(47.42)
(36.40)
(1.08)
(23.08)
(52.67)
(44.12)
(23.94)
(2.02)
(21.16)
4.35
(4.00)
(35.00)
(18.75)
(19.35)
(24.68)
(53.33)
-

336.29
48.03
129.60
171.83
10.82
0.90
52.80
5.86
5.63
577.50
1456.15
46.00
2.75
47.07
2.00
30.39
96.48
50.00
9.00
31.62
20.00
75.51
36.01
122.50
110.89
161.20
155.60
600.00
57.57

INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL

ASCON
GUARN
CINVN
CFIN
CIT N
SHAWN
RHL N
RHL X
WAPON

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

M
M
M
M
M
M
M
M
M

128.80
168.00
74.20
85.40
109.50
242.00
28.30
22.50
26.60

(3.30)
(2.50)
(0.41)
(4.38)
0.23
6.31
(2.68)
(8.77)
0.91
(6.29)

(13.41)
5.31
(11.11)
(12.71)
(15.43)
(5.68)
(1.46)
(17.35)
(7.50)
(23.86)

(22.60)
(19.50)
(18.05)
(22.79)
(28.75)
(27.00)
(1.94)
(25.07)
(20.43)
(40.44)

(16.73)
(37.99)
(1.00)
(14.02)
(21.85)
(1.62)
(15.26)
(25.46)
(18.08)
(59.21)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

18
A member of Asia Capital Group

Trailing
ROE

BVPS

14.66%
37.98
14.35%
52.37
5.12%
27.15
na
35.64
na 111.87
na
na
7.59%
44.36
22.76%
39.28
13.29%
56.45
2.49%
10.38
5.96%
11.28
3.90%
50.08
na
na
4.79%
19.70
10.83% 1247.84
8.35%
43.59
1.01%
29.39
6.03%
33.63
7.65%
71.70
15.59%
31.88
3.33% 121.36
12.22%
15.69
12.22%
15.69
na
6.93
14.57%
9.33
na
9.39
na
10.33
na
0.94
6.36%
14.99
11.41%
1.40%
14.31%
14.83%
0.10%
0.35%
na
13.56%
13.56%
na

66.56
184.30
91.05
222.16
243.31
433.76
45.01
45.01
19.03

Net Profit
4Qtrs
4,499.66
1,872.31
360.89
180.20
(173.96)
(307.93)
(24.45)
177.73
52.39
42.21
149.34
978.25
89.88
na
44.38
270.84
110.67
28.65
101.45
49.36
157.12
80.79
213.92
213.92
(16.30)
150.76
(130.71)
(1.16)
(11.89)
54.93
3,728.02
7.43
2,164.39
1,330.28
1.51
5.57
(46.07)
310.98
310.98
(46.07)

06 September 2013

(177.13)
261.80
40.29
37.53
-87.93
-65.91
-17.06
-19.46
-7.35
4.96
15.86
-102.42
-7.99

Mar'13
2,578.10
946.20
127.40
41.20
-79.30
-130.00
-4.20
97.40
26.50
21.70
42.30
741.80
57.10

Dec'12
1,235.87
436.71
82.38
50.87
(16.33)
(89.87)
1.60
73.56
16.74
4.38
40.58
222.37
28.67

-12.81
36.18
-2.61
-24.16
-10.09
-13.23
-18.78
-6.95
-64.66
-64.66
-43.49
-3.41
-38.30
-1.18
-24.82
-1.15

24.20
78.90
47.60
35.80
57.30
36.70
93.10
23.40
169.80
169.80
28.70
66.40
-27.20
-7.50
24.00
38.80

13.46
48.20
48.08
12.41
37.27
13.74
52.80
46.66
68.03
68.03
(0.70)
57.36
(41.77)
(2.26)
10.60
20.33

Net
Sep'12
862.82
227.60
110.82
50.60
9.60
(22.15)
(4.79)
26.23
16.50
11.17
50.60
116.49
12.10
na
19.53
107.56
17.60
4.60
16.97
12.15
30.00
17.68
40.75
40.75
(0.81)
30.41
(23.43)
9.78
(21.67)
(3.06)

669.59
(6.45)
323.35
222.28
28.62
48.98
17.50
36.32
36.32
-1.01

1,994.81
(2.89)
1316.50
763.20
-39.90
-56.30
47.90
-36.30
-36.30
2.60

524.63
(5.70)
200.10
196.14
2.29
0.71
(72.90)
263.06
263.06
(59.08)

539.00
22.47
324.44
148.66
10.50
12.18
(38.57)
47.90
47.90
11.42

Trailing
EPS

Trailing
PE

PBV

Mkt Cap Mn

5.57
7.51
1.39
na
na
na
3.37
8.94
7.50
0.26
0.67
1.95
na
0.94
135.16
3.64
0.30
2.03
5.48
4.97
4.04
1.92
1.92
na
1.36
na
na
na
0.95

11.7
9.1
12.2
na
na
na
10.1
7.9
6.6
29.4
15.6
21.5
na
17.2
8.5
9.6
47.1
14.0
9.8
6.8
14.9
13.3
7.5
na
9.6
na
na
na
20.4

1.7
1.3
0.6
0.4
0.7
na
0.8
1.8
0.9
0.7
0.9
0.8
na
0.8
0.9
0.8
0.5
0.8
0.8
1.1
0.5
1.6
0.9
0.8
1.4
0.5
0.6
1.5
1.3

21,858.85
3,275.94
2,190.24
2,577.38
800.44
72.00
1,795.20
414.82
278.44
4,389.00
15,289.54
1,936.60
140.25
762.48
2,304.45
1,063.70
1,350.68
1,425.00
486.00
1,075.13
1,200.00
1,925.63
518.56
649.25
1,441.53
806.00
902.48
840.00
1,122.69

0.93
26.36
13.50
0.23
0.86
na
6.10
6.10
na

7.17
138.4
6.4
5.5
367.6
127.9
na
4.6
3.7
na

0.82
1.9
0.9
0.8
0.4
0.5
0.6
0.6
0.5
1.4

1,028.53
13,792.25
7,309.80
555.10
711.75
1,239.17
1,259.84
144.64
687.18

Weekly Review by Asia Wealth Research

Company

Year
End

LAND AND PROPERTY


C T LAND
CARGO BOAT
CITY HOUSING
CEYLINCO SEYLAN
COLOMBO LAND
COMMERCIAL DEVELOP.
EAST WEST
EQUITY ONE
EQUITY TWO
HUEJAY
KELSEY DEVELOPMENTS
ON'ALLY HOLDINGS
OVERSEAS REALTY
PROPERTY DEVELOPMENT
SERENDIB LAND
YORK ARCADE
SERANDIB ENGINEERING GROUP
TOUCHWOOD

CTLDN
CABON
CHOUN
CSD N
CLNDN
COMDN
EASTN
EQITN
ETWON
HUEJN
KDL N
ONALN
OSEAN
PDL N
SLNDN
YORKN
IDL N
TWODN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
D
D
M
M
M
M
M
M
D
D
M
M
M
M

28.20
93.00
9.30
8.60
37.00
63.80
10.40
26.20
25.20
55.00
17.00
45.00
16.40
51.50
1200.10
12.30
95.00
1.30

Price Performance
1W(%)
1M(%)
(4.59)
(11.54)
6.42
0.71
(8.46)
(19.04)
(1.05)
(24.80)
(6.67)
(14.29)
(7.75)
(14.39)
4.08
(7.27)
(5.45)
(22.96)
1.16
(5.07)
(5.62)
(4.91)
(11.29)
(21.09)
(12.37)
(30.33)
(1.91)
(5.53)
(3.53)
(7.34)
(0.96)
3.00
(31.03)
(5.38)
(12.14)
(19.83)
(47.22)
(43.48)
(68.29)

1Q(%)
(22.17)
(12.69)
(27.94)
(35.17)
(26.96)
(29.71)
(10.27)
(36.97)
(23.62)
(18.18)
(26.67)
(11.92)
(11.35)
(14.58)
(12.56)
(33.29)
(26.35)
(46.93)
(76.36)

1Y(%)
(2.22)
3.68
3.56
(46.29)
(2.33)
(3.40)
(1.85)
(32.90)
(21.79)
(9.35)
(21.54)
8.28
(10.66)
14.69
19.77
(39.92)
(41.43)
(26.30)
(91.88)

19
A member of Asia Capital Group

Shares
Mn
48.75
10.20
13.38
147.96
199.88
12.00
138.24
40.32
31.00
1.80
17.43
17.50
843.48
66.00
0.36
12.00
6.48
106.91

Trailing
ROE
11.00%
11.61%
15.70%
na
1.01%
2.36%
21.91%
na
8.57%
7.91%
na
57.34%
6.32%
14.96%
13.05%
4.35%
8.02%
0.19
0.01

BVPS

54.27
186.58
10.44
28.78
13.51
102.17
9.50
42.06
19.30
na
12.81
61.26
26.91
44.15
663.38
13.55
24.80
30.78

Net Profit
4Qtrs
5,196.44
307.05
298.87
(14.72)
42.93
63.68
268.66
(7.76)
145.34
47.33
(2.64)
128.01
67.80
3,394.56
380.22
10.40
13.05
30.47
23.19

06 September 2013

1,176.28
42.93
228.52
(10.97)
23.64
6.64
26.60
1.69
9.86
2.95
166.76
19.81
534.29
97.16
2.66
0.42
5.69
17.63

Mar'13
815.31
190.85
18.11
(41.42)
22.88
(3.31)
25.07
(20.74)
121.32
44.86
(1.32)
(9.86)
12.93
475.67
93.03
2.36
6.54
12.23
(133.89)

Dec'12
2,532.48
34.76
25.04
5.90
(30.39)
65.45
199.09
(7.30)
7.25
(0.39)
(1.12)
(18.94)
17.58
2,111.02
102.08
2.59
3.44
2.27
14.15

Net
Sep'12
673.56
38.52
27.20
31.77
26.80
(5.10)
17.89
18.58
6.91
(0.09)
1.00
(9.95)
17.48
273.58
87.96
2.79
2.65
10.28
125.30

Trailing
EPS
6.30
29.30
na
0.29
0.32
22.39
na
3.60
1.53
na
7.34
3.87
4.02
5.76
28.88
1.09
4.70
0.22

Trailing
PE
7.01
4.5
3.2
na
29.6
116.1
2.8
na
7.3
16.5
na
2.3
11.6
4.1
8.9
41.6
11.3
20.19
5.99

PBV

Mkt Cap Mn

0.77
0.5
0.5
0.9
0.3
2.7
0.6
1.1
0.6
1.3
na
1.3
0.7
0.6
1.2
1.8
0.9
3.8
0.0

1,374.75
948.60
124.43
1,272.50
7,395.60
765.60
1,437.70
1,056.43
781.20
99.00
296.30
787.53
13,833.14
3,399.00
432.04
147.60
615.28
138.98

Weekly Review by Asia Wealth Research

Company

Year
End

MANUFACTURING
ABANS
ACL CABLES
ACL PLASTICS
ACME
ALUFAB
BLUE DIAMONDS [V]
BLUE DIAMONDS [NV]
BOGALA GRAPHITE
CENTRAL INDUSTRIES
GRAIN ELEVATORS
CHEVRON LUBRICANTS
DANKOTUWA
DIPPED PRODUCTS
HAYLEYS FIBRE
KELANI CABLES
KELANI TYRES
LANKA ALUMINIUM
LANKA CEMENT
LANKA CERAMIC
LANKA FLOORTILES
LANKA WALLTILES
LAXAPANA
SWISSTEK (CEYLON) PLC
PELWATTE SUGAR
PIRAMAL GLASS
PRINT CARE
REGNIS
RICH PIERIS EXPORTS
ROYAL CERAMICS
SAMSON INTERNATIONAL
SINGER INDUSTRIES
SWADESHI
TOKYO CEMENT [V]
TOKYO CEMENT [NV]
SIERRA CABLES
TEXTURED JERSEY
AGSTAR FERTILIZERS LIMITED
AGSTAR FERTILIZERS LIMITED
ORIENT GARMENTS

ABANN
ACL N
APLAN
ACMEN
ALUFN
BLUEN
BLUEX
BOGAN
CINDN
GRANN
LLUBN
DPL N
DIPDN
HEXPN
KCABN
TYREN
LALUN
LCEMN
CERAN
TILEN
LWL N
LITEN
PARQN
SUGAN
GLASN
CAREN
REG N
REXPN
RCL N
SIL N
SININ
SWADN
TKYON
TKYOX
SIRAN
TJL N
AGSTN
AGSTX
OGL N

MainB
MainB
MainB
MainB
DefaltB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
D
M
D
D
D
M
M
M
M
M
D
M
M
M
M
M
M
M
M
D
M
M
M
D
M
M
M
M
M
M
M
M

114.70
63.00
78.40
8.90
11.30
1.70
0.80
19.90
59.00
33.50
255.00
10.30
100.00
25.20
65.00
39.80
25.40
6.80
111.00
70.80
53.00
3.90
17.00
23.50
5.20
25.50
58.00
38.00
80.10
85.00
106.00
13500.00
23.40
18.70
1.80
13.50
5.5
15
5.7

Price Performance
1W(%)
1M(%)
(6.58)
(11.81)
(2.80)
(7.50)
(7.89)
(5.97)
1.29
(20.24)
4.71
(13.59)
(12.31)
(26.45)
(29.17)
(20.00)
(6.57)
(12.72)
(6.12)
(8.46)
(5.90)
(15.62)
(11.98)
(17.35)
(12.82)
(25.00)
(4.40)
(12.05)
(3.08)
(10.95)
(1.52)
(10.34)
(4.33)
(7.01)
(8.93)
(10.53)
(2.86)
(13.92)
0.82
(7.50)
2.61
(2.48)
(10.76)
(15.58)
(2.50)
(11.36)
6.25
12.58
(5.45)
(10.34)
(5.56)
(10.53)
(8.13)
(13.53)
0.53
1.33
(7.29)
(17.42)
(5.56)
(13.18)
(3.99)
(11.67)
12.50
(1.68)
(13.33)
(4.59)
(13.02)
(10.53)
(19.05)
(1.47)
(0.74)
(8.33)
(6.67)
(8.20)

1Q(%)
(17.67)
(23.23)
(13.70)
(27.41)
(28.23)
(36.67)
(52.78)
(42.86)
(26.30)
(24.49)
(30.79)
(21.25)
(36.65)
(23.08)
(18.71)
(22.62)
(18.11)
(17.74)
(24.44)
(4.39)
(11.50)
(23.71)
(22.00)
13.33
(22.39)
(19.05)
(23.64)
(15.56)
(24.79)
(12.37)
(26.74)
79.99
(14.29)
(14.22)
(29.17)
8.94
(28.57)
(37.08)

1Y(%)
3.22
17.76
(1.25)
(19.18)
(40.67)
(61.49)
(69.09)
(65.22)
(38.58)
(28.22)
(44.17)
39.29
(39.29)
9.89
(1.18)
(14.47)
20.24
(24.33)
(47.29)
73.44
12.38
(21.68)
(40.00)
0.59
(8.77)
(17.74)
(8.13)
42.32
(10.80)
(20.49)
(34.16)
(10.00)
(18.75)
(1.58)
(45.16)
48.89
(31.25)
(68.36)

20
A member of Asia Capital Group

Shares
Mn
4.26
59.89
4.21
25.61
12.06
103.30
153.37
47.32
9.88
60.00
120.00
72.25
59.86
8.00
21.80
80.40
13.70
173.51
30.00
53.05
54.60
39.00
27.37
67.98
950.09
85.97
11.27
11.16
110.79
3.85
3.85
0.13
222.75
111.38
537.51
655.00
307.53
17.47
54.92

Trailing
BVPS
ROE
15.99%
27.90% 142.20
8.83%
96.87
4.77% 147.37
na
18.70
na
21.36
na
1.14
na
1.14
14.07%
4.03
9.00%
96.41
na
45.71
47.58%
42.48
1.21%
11.30
21.75% 118.73
6.01%
55.64
8.69% 100.35
26.73%
23.72
na
40.50
na
na
8.78% 103.00
20.38%
60.84
9.73%
89.21
na
3.79
1.02%
21.46
na
na
25.31%
3.91
10.87%
25.65
11.34%
70.43
74.67%
17.54
16.84%
75.67
8.90% 105.08
2.30% 235.25
18.66% 1013.79
18.56%
23.32
18.56%
23.32
na
3.06
17.53%
9.45
14.41%
7.07
14.41% 124.41
na
12.44

Net Profit
4Qtrs
12,328.07
168.94
512.53
29.59
(51.14)
na
(23.77)
(23.77)
26.81
85.72
(188.55)
2,425.77
9.89
1,546.08
26.75
190.13
509.82
(22.66)
(17.80)
271.37
657.87
474.04
(32.61)
5.98
na
940.61
239.68
89.97
146.18
1,411.71
35.98
20.78
24.72
1,446.24
1,446.24
(21.67)
1,084.85
313.36
313.36
(9.09)

06 September 2013

2,592.25
28.76
88.15
10.95
(23.18)

Mar'13
3,863.97
42.66
99.28
7.60
(7.89)

Dec'12
3,075.40
46.61
243.88
9.76
5.40

Net
Sep'12
2,805.89
50.92
81.21
1.28
(25.48)

(6.87)
(6.87)
2.58
10.48
58.16
562.51
(9.07)
413.88
8.69
47.41
148.61
1.07

(6.84)
(6.84)
15.60
25.87
17.52
769.86
0.62
379.48
7.30
60.12
114.58
(11.87)

(44.66)
72.02
(61.76)
4.79
(1.16)

137.18
265.67
260.77
2.72
17.33

(10.30)
(10.30)
(8.25)
18.39
(229.44)
571.41
(12.87)
407.70
3.85
25.38
116.40
(4.99)
(4.15)
88.83
161.15
123.96
0.18
(12.27)

0.24
0.24
16.88
30.98
(34.78)
521.99
31.20
345.02
6.92
57.21
130.24
(6.86)
(4.22)
90.02
159.02
151.07
(40.30)
2.09

358.03
43.54
21.17
44.40
(79.59)
3.44
3.26
10.89
598.40
598.40
(12.38)
240.22
101.62
101.62
(52.12)

110.79
74.60
41.74
24.57
573.70
6.49
6.14
25.18
447.63
447.63
(1.23)
322.95
(20.04)
(20.04)
53.90

206.66
61.28
19.62
25.58
497.19
12.32
10.83
(8.12)
224.64
224.64
0.69
365.0
106.74
106.74
12.37

265.13
60.27
7.44
51.63
420.40
13.74
0.56
(3.24)
175.57
175.57
(8.75)
156.7
125.04
125.04
(23.23)

Trailing
EPS
39.67
8.56
7.02
na
na
na
na
0.57
8.67
na
20.21
0.14
25.83
3.34
8.72
6.34
na
na
9.05
12.40
8.68
na
0.22
na
0.99
2.79
7.98
13.09
12.74
9.35
5.40
189.17
4.33
4.33
na
1.66
1.02
17.93
na

Trailing
PE
8.40
2.9
7.4
11.2
na
na
na
na
35.1
6.8
na
12.6
75.2
3.9
7.5
7.5
6.3
na
na
12.3
5.7
6.1
na
77.8
na
5.3
9.1
7.3
2.9
6.3
9.1
19.6
71.4
5.4
4.3
na
8.2
5.4
0.8
na

PBV

Mkt Cap Mn

1.34
0.8
0.7
0.5
0.5
0.5
1.5
0.7
4.9
0.6
0.7
6.0
0.9
0.8
0.5
0.6
1.7
0.6
na
1.1
1.2
0.6
1.0
0.8
na
1.3
1.0
0.8
2.2
1.1
0.8
0.5
13.3
1.0
0.8
0.6
1.4
0.8
0.1
0.5

488.48
3,773.30
330.26
227.96
136.26
175.61
122.70
941.60
583.17
2,010.00
30,600.00
744.13
5,986.15
201.60
1,417.00
3,199.92
348.05
1,179.87
3,330.00
3,755.97
2,893.80
152.10
465.32
1,597.46
4,940.45
2,192.15
653.54
424.22
8,874.23
327.08
407.71
1,763.99
5,212.35
2,082.71
967.52
8,842.53
1,691.39
262.11
313.02

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
(1.03)
(7.28)
2.64
14.93
(2.89)
(9.79)
(4.56)
(9.34)
2.56
(8.31)
3.30
(12.96)
(2.83)
(6.45)

1Q(%)
(13.58)
10.75
(26.35)
(18.68)
(11.11)
(6.00)
(14.17)

1Y(%)
(13.54)
32.60
(55.29)
(31.00)
(26.91)
17.50
14.70

Shares
Mn
1.20
15.20
8.88
3.62
6.03
67.27

Trailing
ROE
10.25%
5.71%
7.61%
1.83%
2.14%
26.90%
20.77%

BVPS

06 September 2013

494.53
234.33
852.93
641.65
130.86
115.18

Net Profit
4Qtrs
2,314.57
33.87
271.14
138.63
49.61
212.42
1,608.90

Jun'13
760.38
7.25
39.66
28.90
25.26
48.91
610.40

Mar'13
639.40
6.30
174.60
-8.00
-143.10
69.40
540.20

Dec'12
352.07
8.14
5.60
4.50
143.31
53.32
137.20

Net
Sep'12
562.72
12.18
51.28
113.23
24.14
40.79
321.10

MOTORS
AUTODROME
COLONIAL MOTORS
DIMO
LANKA ASHOK
SATHOSA MOTORS
UNITED MOTORS

AUTON
COLON
DIMON
ASHON
SMOTN
UML N

MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M

974.80
86.60
455.50
1600.00
235.00
103.00

OIL PALMS
BUKIT DARAH
GOOD HOPE
INDO MALAY
SELINSING
SHALIMAR

BUKIN
GOODN
INDON
SELIN
SHALN

MainB
MainB
MainB
MainB
MainB

M
M
M
M
M

675.00
1070.00
1411.00
1083.60
766.40

(1.07)
(1.10)
(2.73)
(1.74)

(2.58)
(2.61)
(2.92)
8.37
(0.59)
(19.28)

(5.98)
(5.28)
(7.36)
5.69
(9.70)
(22.97)

(8.00)
(5.28)
(28.67)
(4.01)
(1.40)
(19.33)

102.00
6.87
7.00
6.94
6.94

9.62%
13.94%
3.29%
3.36%
4.23%
3.72%

320.74
841.18
808.58
963.55
821.86

5,437.47
4,562.19
190.36
190.16
282.70
212.07

998.24
511.06
115.50
116.61
137.43
117.64

2,255.03
2,146.35
21.97
21.68
37.10
27.93

1,182.34
1,071.82
18.19
20.07
44.32
27.94

1,001.86
832.97
34.69
31.80
63.85
38.56

PLANTATIONS
AGALAWATTE
BALANGODA
BOGAWANTALAWA
HAPUGASTENNE
HORANA PLANTATION
KAHAWATTE
KEGALLE
KELANI VALLEY
KOTAGALA
MADULSIMA
MALWATTE VALLEY
MALWATTE VALLEY
MASKELIYA
NAMUNUKULA
TALAWAKELLE
UDAPUSSELLAWA
WATAWALA PLANTATIONS
ELPITIYA
MET.RES.HOL
AITKEN SPENCE PLANTATION MANAGEMENTS

AGALN
BALAN
BOPLN
HAPUN
HOPLN
KAHAN
KGALN
KVALN
KOTAN
MADUN
MAL N
MALX
MASKN
NAMUN
TPL N
UDPLN
WATAN
ELPLN
MPRHN
ASPMN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB

D
D
M
D
M
D
M
D
M
D
D
D
M
M
D
D
M
M
M
M

22.30
23.60
9.50
28.00
20.40
32.30
93.00
81.90
39.90
9.90
4.70
4.10
11.00
70.00
17.70
26.60
9.30
14.10
21.90
45.50

(1.37)
(3.04)
(10.45)
(3.06)
(3.45)
(2.86)
7.67
(3.13)
2.76
(1.48)
(2.94)
2.22
2.50
(11.50)
(0.14)
(6.38)
4.74
(7.00)
(6.00)
(0.45)
-

(7.34)
(10.80)
(7.34)
(7.77)
4.87
(15.00)
(4.44)
(7.00)
0.37
(11.73)
(18.85)
2.50
(18.70)
(5.53)
(21.43)
(1.85)
(16.22)
(16.07)
(1.35)
-

(18.78)
(23.89)
(24.76)
(25.20)
(23.29)
(29.66)
(12.70)
(19.48)
0.86
(27.45)
(34.87)
(4.17)
(12.77)
(30.07)
(17.45)
(28.74)
(3.28)
(28.46)
(26.18)
(25.76)
-

(14.14)
(34.60)
(26.15)
(24.00)
(33.17)
(19.69)
0.94
(4.62)
(6.40)
(37.26)
(26.12)
12.20
2.50
(29.58)
7.53
(25.11)
(0.75)
(21.85)
(22.10)
3.79
-

25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
40.00
29.00
224.59
23.00
53.95
23.75
23.75
19.40
236.67
72.87
17.26
21.30

12.60%
33.03%
1.29%
27.08%
4.49%
10.47%
1.35%
14.80%
21.07%
9.06%
na
11.75%
11.75%
10.08%
18.79%
20.49%
na
15.80%
12.41%
29.69%
9.74%

44.58
112.53
12.16
36.35
55.63
13.21
137.54
74.24
88.38
59.83
9.03
9.03
27.54
86.02
58.04
28.56
16.29
34.40
43.13
77.29

4,611.15
368.05
34.35
275.73
75.65
145.66
14.26
509.07
531.84
320.27
(32.50)
262.69
262.69
149.85
383.95
282.45
(11.86)
609.05
311.16
221.07
160.42

(139.35)
(98.8)
45.7
(27.3)
67.52
(43.85)
(70.41)
89.27
8.57
(91.70)
(63.48)
109.51
109.51
(84.48)
47.08
(3.02)
1.95
11.40
(13.61)
(19.80)
(3.94)

1,197.56
1.5
11.4
67.9
41.56
47.65
72.32
95.43
150.98
113.22
14.17
51.05
51.05
88.93
86.27
85.40
29.40
124.84
66.12
66.99
(17.56)

2,213.04
304.74
(10.62)
146.26
(46.86)
100.79
(0.86)
168.76
199.06
190.95
59.74
8.11
8.11
123.89
147.20
164.90
(43.91)
286.59
125.46
106.93
181.92

1,339.90
160.60
(12.17)
88.90
13.43
41.06
13.20
155.61
173.22
107.80
(42.92)
94.02
94.02
21.51
103.40
35.16
0.70
186.23
133.19
66.96

HEALTH SERVICES
ASIRI CENTRAL
ASIRI SURGICAL
ASIRI HOSPITAL
CEYLON HOSPITALS [V]
CEYLON HOSPITALS [NV]
LANKA HOSPITALS
NAWALOKA

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

267.90
9.70
13.40
110.00
75.00
37.20
2.90

(2.21)
6.73
(5.83)
(4.32)
2.80
(4.60)
-

(2.38)
9.35
(4.90)
(5.00)
4.76
(6.25)
(6.75)
-

(9.91)
(8.54)
(8.49)
(14.19)
6.28
(10.12)
(6.45)

13.98
3.04
16.87
35.71
34.31
13.81
(9.38)

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

18.11%
na
49.79%
14.34%
9.72%
9.72%
13.90%
15.62%

91.23
6.60
5.14
72.7
72.7
17.25
2.75

3,903.65
(43.37)
1,737.71
810.25
256.18
256.18
536.55
606.34

653.63
(10.77)
109.98
209.24
77.62
77.62
167.53
100.04

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,892.90
25.07
1,365.90
220.29
54.48
54.48
99.12
128.05

510.06
(38.10)
104.26
112.21
49.92
49.92
94.57
187.20

21
A member of Asia Capital Group

Trailing
EPS

PBV

Mkt Cap Mn

28.23
17.84
15.62
13.70
35.21
23.92

Trailing
PE
8.93
34.5
4.9
29.2
116.8
6.7
4.3

0.92
2.0
0.4
0.5
2.5
1.8
0.9

1,169.76
1,316.32
4,043.22
5,793.35
1,417.90
6,928.51

44.73
27.70
27.17
40.73
30.56

18.2
15.1
38.6
51.9
26.6
25.1

1.7
2.1
1.3
1.7
1.1
0.9

68,850.00
7,352.30
9,874.74
7,520.27
5,318.88

14.72
1.45
3.29
1.63
5.83
0.18
20.36
15.64
8.01
na
1.06
1.06
2.78
16.17
11.89
na
2.57
4.27
12.80
7.53

4.6
1.5
16.2
2.9
17.1
3.5
181.0
4.6
5.2
5.0
na
4.4
3.9
4.0
4.3
1.5
na
3.6
3.3
1.7
6.0

0.58
0.5
0.2
0.8
0.8
0.4
2.4
0.7
1.1
0.5
0.2
0.5
0.5
0.4
0.8
0.3
0.9
0.6
0.4
0.5
0.6

557.50
557.82
795.63
1,296.84
510.00
2,580.44
2,325.00
2,784.60
1,596.00
287.10
1,055.57
94.30
593.49
1,662.50
420.38
516.01
2,201.00
1,027.42
378.10
969.15

na
3.29
0.74
7.56
7.56
2.40
0.43

10.7
na
2.9
18.2
14.5
9.9
15.5
6.7

1.93
2.9
1.5
2.6
1.5
1.0
2.2
1.1

5,983.27
5,126.04
14,727.84
2,808.00
625.91
8,322.84
4,087.57

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
(1.31)
(7.84)
(4.51)
(10.83)
(4.76)
(7.69)
9.47
(12.56)
(7.31)
(3.60)
(5.59)
(21.46)
(25.43)
(10.53)
(19.05)
25.00
36.36

1Q(%)
(15.23)
(16.74)
(10.89)
(15.65)
(31.10)
(39.88)
(10.99)
(27.66)
7.14

1Y(%)
5.31
17.06
(27.28)
(45.23)
(72.24)
(46.37)
(35.85)
-

Shares
Mn
60.80
2.94
2.84
0.04
0.05
0.10
114.00
260.00

Trailing
ROE
8.57%
24.27%
1.52%
na
na
na
na
27.42%
20.01%

51.88
77.01
40.44
137.96
649.80
64.98
1.44
2.30

Net Profit
4Qtrs
368.92
765.51
3.44
(118.66)
(1.28)
(445.01)
(0.02)
45.12
119.82

4.94%
5.16% 730.44
7.80% 1256.73
29.75%
45.28
na 428.12

317.07
47.95
248.54
30.69
(10.11)

(70.80)
(4.25)
(51.28)
2.98
(18.25)

110.66
36.41
80.69
12.94
(19.38)

222.51
(4.23)
188.43
12.73
25.58

54.70
20.02
30.70
2.04
1.94

37.67
98.03
13.47
na

14.90
11.6
9.6
10.9
na

0.74
0.6
0.8
3.2
0.7

553.82
2,396.01
333.06
1,441.11

212.47
44.26
6.30
8.52
23.02
5.83
38.43
546.33
1.95

1,526.94
1,142.21
115.09
16.78
(93.16)
(340.54)
(10.43)
692.38
9.80
(5.20)

846.97
682.21
39.04
6.30
(8.36)
(0.43)
(3.24)
129.19
2.27

669.64
768.13
46.85
1.10
(28.16)
(291.18)
(3.40)
174.84
6.96
(5.50)

(292.87)
(498.97)
17.61
2.55
(39.95)
31.72
(3.72)
194.18
1.80
1.91

299.39
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(3.87)

16.12
3.20
0.12
na
na
na
5.53
na
na

16.97
5.2
19.7
56.0
na
na
na
17.0
na
na

0.81
0.4
1.4
1.1
0.7
0.4
7.0
2.4
5.1
0.9

5,988.94
2,267.28
939.31
704.68
3,598.48
98.40
11,769.70
233.40
306.00

22.06%
11.22%
28.28%
10.86%
23.33%
20.30%
20.29%
na
13.05%
8.10%

23.47
27.00
2.35
2.77
15.96
15.96
6.99
2.05
6.91

6,432.15
329.75
4,066.59
121.73
482.45
1,254.18
1,253.84
(12.40)
133.83
56.02

2,103.17
101.93
1,349.62
65.52
237.22
270.66
270.33
9.90
62.50
5.83

1,306.53
71.22
805.89
13.96
12.16
364.72
364.72
(12.46)
30.26
20.78

1,226.44
75.61
728.08
36.12
120.10
228.99
228.99
(8.04)
38.98
6.60

1,796.01
81.00
1,183.00
6.13
112.97
389.81
389.81
(1.80)
2.09
22.81

2.63
7.64
0.26
0.65
3.24
3.24
na
0.27
0.56

5.23
6.8
3.3
14.1
9.3
7.7
6.0
na
9.0
12.5

1.15
0.8
0.9
1.5
2.2
1.6
1.2
0.6
1.2
1.0

2,253.60
13,419.75
1,718.17
4,482.66
8,375.00
1,008.80
490.90
1,200.00
700.00

122.13
343.40

n/a
13.81%
na

1.25
3.46

(528.57)
21.03
(549.60)

(141.61)
16.85
(158.46)

(387.13)
7.90
(395.03)

2.52
(6.60)
9.12

(2.35)
2.87
(5.22)

0.17
na

n/a
38.9
na

0.79
5.4
0.2

818.28
240.38

8143.78
1804.86

14.28%
22.16%
9.00%

4.55
30.65

13,194.73
8,217.73
4,977.00

1,663.34
950.34
713.00

3,180.52
1,594.52
1,586.00

1,805.68
928.68
877.00

6,545.20
4,744.20
1,801.00

1.01
2.76

10.18
7.9
13.9

1.45
1.8
1.2

65,150.23
69,126.14

SERVICES
JOHN KEELLS LIMITED
LAKE HOUSE PRINTING
MERC. SHIPPINGS
CEYLON PRINTERS
KALAMAZOO
PARAGON
CEYLON TEA BROKERS
ASIA SIYAKA COMMODITIES

JKL N
LPRTN
MSL N
CPRTN
KZOON
PARAN
CTBLN
ASIYN

MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
M

74.00
90.00
143.40
1205.00
944.00
850.10
3.50
3.00

STORES AND SUPPLIES


COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

435.10
945.00
146.20
280.10

(11.23)
(6.38)
(13.22)
(10.31)
(9.79)

(18.57)
(15.91)
(21.47)
(15.39)
(15.12)

(26.38)
(27.53)
(25.59)
(21.73)
(28.18)

(14.86)
(32.88)
(4.55)
(32.00)
(16.39)

1.27
2.54
2.28
5.15

TRADING
BROWNS
C W MACKIE
CEYLON FOREIGN TRADES
EASTERN MERCHANTS
ENVIRONMENTAL RESOURCES
RADIANT GEMS
SINGER SRI LANKA
OFFICE EQUIPMENT
TESS AGRO

BRWNN
CWMN
CFT N
EMERN
GREGN
RGEMN
SINSN
OFEQN
TESSN

MainB
MainB
MainB
DefaultB
MainB
MainB
MainB
MainB
DiriSaviB

M
D
M
M
M
M
D
M
M

84.50
63.00
6.70
6.00
10.30
41.00
94.00
2800.00
1.70

(3.80)
(10.19)
1.45
1.52
(10.45)
(11.30)
1.23
(1.39)
-

(11.13)
(24.66)
(4.70)
(10.67)
(23.08)
(26.62)
(2.84)
(2.95)
13.36
(15.00)

(17.54)
(33.09)
(13.84)
(8.22)
(37.50)
(35.44)
(13.32)
(6.40)
(1.75)
(19.05)

(30.46)
(35.12)
(15.00)
(6.94)
(57.14)
(38.92)
(29.31)
(28.64)
(29.95)
(45.16)

70.88
35.99
140.20
117.45
349.37
2.40
125.21
0.08
180.00

4.80%
7.59%
7.22%
1.90%
na
na
na
14.39%
na
na

POWER & ENERGY


HEMAS POWER
LANKA IOC
VIDULLANKA
VALLIBEL POWER
LAUGFS GAS
LAUGFS GAS [NV]
HYDRO POWER
PANASIAN POWER
MACKWOODS ENERGY LIMITED

HPWRN
LIOCN
VLL N
VPELN
LGL N
LGL X
HPFLN
PAP N
MEL N

MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
MainB
MainB
DiriSaviB

M
M
M
M
M
M
M
M
M

18.00
25.20
3.60
6.00
25.00
19.40
4.50
2.40
7.00

(2.36)
(3.23)
(3.79)
3.45
(3.46)
(3.48)
(8.16)
1.45

(4.04)
(1.64)
(2.70)
(1.64)
(10.68)
(11.42)
(8.16)
4.35
(23.91)

(9.84)
(10.45)
(6.96)
(1.64)
(15.77)
(15.65)
(23.73)
(7.69)
(36.36)

13.72
(10.45)
54.88
(7.69)
11.11
2.45
14.79
(41.56)
(17.24)
(40.68)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB
MainB

M
M

6.70
0.70

(3.13)
(12.50)

(4.66)
11.67
(36.36)

(43.10)
(1.47)
(76.67)

(59.59)
21.82
(89.06)

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

D
D

8.00
38.30

(2.66)
(1.22)
(3.99)

(3.67)
(5.81)
(1.53)

(10.62)
(12.90)
(8.33)

4.27
30.65
(12.50)

22
A member of Asia Capital Group

BVPS

06 September 2013

14.80
25.79

Mar'13
590.26
560.02
(3.72)
(21.05)
0.40
(0.19)
(0.57)
16.72
38.65

Dec'12
(385.65)
48.66
1.02
(13.30)
(1.90)
(446.70)
0.30
5.10
21.17

Net
Sep'12
85.64
78.67
3.84
(39.85)
(1.05)
1.20
0.12
8.50
34.21

76.59
78.17
2.30
(44.46)

Trailing
EPS

PBV

Mkt Cap Mn

12.59
1.17
na
na
na
na
0.40
0.46

Trailing
PE
17.69
5.9
76.9
na
na
na
na
8.8
6.5

1.52
1.4
1.2
3.5
8.7
1.5
13.1
2.4
1.3

4,499.20
264.35
407.97
42.19
47.20
85.03
399.00
780.00

Weekly Review by Asia Wealth Research

06 September 2013

Disclaimer
The report has been prepared by Asia Wealth Management Co (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information
obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation or warranty, express or implied is
made as to its accuracy, completeness or correctness, reliability or suitability. All such information and opinions are subject to change without notice. This document is for information
purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as, an
offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. In no event will Asia Wealth Management Co (Private) Limited be liable for any loss or damage
including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of, or in connection with the use of this report and any reliance you
place on such information is therefore strictly at your own risk.
Asia Wealth Management Co (Private) Limited may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which they are
based before the material is disseminated to their customers. Not all customers will receive the material at the same time. Asia Wealth Management Co (Private) Limited, their respective
directors, officers, representatives, employees, related persons and/or Asia Wealth Management Co (Private) Limited, may have a long or short position in any of the securities or other
financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other
financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Asia Wealth Management Co (Private) Limited may make markets in
securities or other financial instruments described in this publication, in securities of issuers described herein or in securities underlying or related to such securities. Asia Wealth
Management Co (Private) Limited may have recently underwritten the securities of an issuer mentioned herein. The information contained in this report is for general information
purposes only. This report and its content is copyright of Asia Wealth Management Co (Private) Limited and all rights reserved. This report- in whole or in part- may not, except with the
express written permission of Asia Wealth Management Co (Private) Limited be reproduced or distributed or commercially exploited in any material form by any means whether graphic,
electronic, mechanical or any means. Nor may you transmit it or store it in any other website or other form of electronic retrieval system. Any unauthorised use of this report will result in
immediate proceedings.

23
A member of Asia Capital Group

Research
Manager - Research

Assistant Manager Research

Balakrishnan Nirmalan (94-11)5320362

nirmalan@asiacapital.lk

Amali Perera

yogini@asiacapital.lk

Dhanusha Pathirana

Corporates
Yogini Yogarasa

(94-11)5320256

amali@asiacapital.lk

(94-11)5320254

dhanusha@asiacapital.lk

(94-11)5320257

nuwan@asiacapital.lk

Economy
(94-11)5320361

Statistics
Nuwan Pradeep

Sales
Institutional Sales

Retail Sales

Sabri Marikar

(94-11) 5320224

077 3-576868

sabri@asiacapital.lk

Shiyam Subaulla

(94-11)5320218

0773-502016

shiyam@asiacapital.lk

NiroshanWijayakoon

(94-11) 5320208

0777-713645

niroshan@asiacapital.lk

Priyantha Hingurage

(94-11)5320217

0773-502015

priyantha@asiacapital.lk

Manjula Kumarasinghe (94-11) 5320211

0777 -874310

manjula@asiacapital.lk

Subeeth Perera

(94-11)5320227

0714-042683

subeeth@asiacapital.lk

Chelaka Hapugoda

(94-11)5320240

0777 -256740

chelaka@asiacapital.lk

Neluka Rodrigo

(94-11)5320214

0777-366280

neluka@asiacapital.lk

Chaminda Mahanama (94-11) 5320223

0777 -556582

mahanama@asiacapital.lk

Gagani Jayawardhana

(94-11)5320236

0714-084953

gagani@asiacapital.lk

HiranBibile

(94-11) 5320238

0777 -352032

hiran@asiacapital.lk

Shamal Perera

(94-11)5320219

077-3717558

shamal@asaiacapital.lk

NiroshanRathnam

(94-11) 5320242

0773 -717515

ratnam@asiacapital.lk

Nuwan Eranga

(94-11)5320246

0777-368012

eranga@asiacapital.lk

Jeevan Hettigoda

(94-11) 5320220

0773-691256

jeevan@asiacapital.lk

Romesh Priyadarshana (94-11)5320228

0772-548795

FarajFouz

(94-11) 5320210

0773 -810159

faraj@asiacapital.lk

Rukshan Liyanage

(94-11)5320235

0773-413297

priyadarshana@asiacapital.
lk
rukshan@asiacapital.lk

MiflalFarook

(94-11) 5320247

0772-253730

miflal@asiacapital.lk

Nathasha Munasinghe

(94-11)5320231

0777-569266

nathasha@asiacapital.lk

Iresha Fernando

(94-11)5320232

0777-359012

iresha@asiacapital.lk

Sharika Rathnayake

(94-11)5320209

0777-567994

sharika@asiacapital.lk

Dhanushka Boteju

(94-11)5320239

0716-270527

boteju@asiacapital.lk

Asanka Chaminda

(94-11)5320216

0777-566959

chaminda@asiacapital.lk

Ruchira Hasantha

(94-11)5320229

0773-687027

ruchira@asiacapital.lk

Thushara Adhikari

(011)-5735122

0773-688202

adhikari@asiacapital.lk

M G Suranjana

(011)-5763539

0773-954994

Asanka Samarakoon

(037)-5628844

0773-690749

asanka@asiacapital.lk

Gayan Nishsanka

(037)-5642717

0777-105356

nishshanka@asiacapital.lk

E.H.Cooray Building, Mezzanine Floor, No:24,

Sumeda Jayawardena

(041)-5677525

0773-687307

sumeda@asiacapital.lk

AnagarikaDarmapala Mw, Matara

Mahesha Madurangi

(041)-5620727

Asia Asset Finance, 171/1, Station Road, Negombo.

Uthpala Karunatilake

(031)-5676881

0773-691685

uthpala@asiacapital.lk

Gayan Perera

(031)-5676880

0777-3598937

gayand@asiacapital.lk

Ashan Silva

(011)-5238662

077-0458028

ashan@asiacapital.lk

Charith Perera

(011)-5238663

0773-598937

charithn@asiacapital.lk

Ranganath Wijetunga

(038)-5670400

0715-120723

ranganath@asiacapital.lk

Nilupul Hettiarachchi

(081)-5628500

0777-410164

nilupul@asiacapital.lk

Radhika Hettiarachchi

(081)-5625577

0773-692242

radhika@asiacapital.lk

Tharindu Priyankara

(081)-5625577

0777-282586

priyankara@asiacapital.lk

Hambanthota Chamber of Commerce,


ThangalleRoad,Hambantota.

Shermin Ranasinghe

(047)-5679240

0777-681866

shermin@asiacapital.lk

Samith Edirisinghe

(047-5679240)

0775-486869

samith@asiacapital.lk

147,2/3, K.K.S Road, Jaffna

Gratian Nirmalan

(021)-5671800

0777-567933

nirmal@asiacapital.lk

Branches
CSE Floor

Kurunegala

Matara

Negombo

Moratuwa

Kandy

CSE,01-04, World Trade Centre, Colombo 1.

Union Assurance Building, No.6,1stFloor,Rajapilla Rd, Kurunagala.

Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa.

132 2/7, Hill City Complex,

mahesha@asiacapital.lk

D. S .Senanayake Street, Kandy.

Service Centers
Hambantota

Jaffna

ASIA WEALTH MANAGEMENT CO.(PVT) LTD


21-01 West Tower,
World Trade Centre, Echelon Square,
Colombo 01, Sri Lanka
Tel: +94 11 5320000
Website: www.asiacapital.lk

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