Weekly Plus - 2013 Issue 42 (17.10.2013)

2013
Issue 42
Week Ending 17-10-2013
Weekly Market Wrap Up

Stat Page
Weekly Stock Trends
S&P SL20 Watch
Pg 02
Pg 03
Pg 04
Local Economy in Brief

Currency Moves
Inflation & Interest Rates
Colombo Tea Auction
Tourism
Pg 05
Pg 06
Pg 06
Pg 06
Global Market
Equity Market Outlook
Global Commodity Trend
Pg 07
Pg 08
Research Chat:
JKH PER Band Graph
Pg 09
Our Core Coverage
Pg 10- Pg 11
Weekly Stat Page

Weekly Market Statistics
Weekly Turnover and Volume
Daily Index Movement

6,000
5,000
5,900
4,000
5,700
5,600
300
3,000
200
2,000
0
26-Sep
ASPI
3-Oct
Turnover (LHS)
10-Oct
17-Oct
Volume (RHS)
Weekly Foreign Purchases and Sales
Daily Foreign Activity

60%
Net Foreign 596
50%
1,600
1,400
1,200
1,000
800
600
400
200
0
40%
680
771
20%
10%
0%
Linear (Foreign Activity)
JKH
SAMPATH (+)
HNB (+)
COMMERCIAL BANK (+)
NAT. DEV. BANK (+)
1.09%
1.73%
0.2%
0.02%
0.04%
WoW %
28.1%
138.1%
-11.8%
21.8%
WoW %
0.2%
0.3%
0.0%
Weekly Sector Statistics

3-Oct
Foreign Buying
Growth in Growth in
Value
Foreign Decline in Foreign Holding
LKR 'mn
Holding
1140.4
76.0
18.0
5.3
4.5
Current Previous
1,346.2
1,050.9
666.1
279.8
680.1
771.1
32%
26%
Current Previous
15.9
15.9
2.2
2.2
2.6
2.6
PER
PBV
DY
10-Oct
17-Oct
Foreign Sales
Change in Foreign Holding

Growth in Foreign Holding
LKR ('mn)
Foreign Purchases
Foreign Sales
Net Foreign Inflow
Foreign Participation
Weekly Market Valuations
26-Sep
Foreign Activity
Weekly Foreign Flow
680
LKR ('Mn)
30%
ASPI
S&P SL20
Turnover (LKR 'bn)
Volume ('mn)
Market Cap. (LKR 'bn)
WoW %
0.3%
0.7%
44.7%
-57.3%
0.3%
100
1,000
5,500
('Mn)
LKR ('Mn)
5,800
Current Previous
5976.51
5957.37
3309.00
3286.91
3,288.4
2,272.1
89.3
209.1
2,485.3
2,477.3
400
HNB[X.0000] (+)
TOKYO CEMENT
RICHARD PIERIS
LANKA HOSPITALS (+)
UNION BANK (+)
Decline in
Value
LKR 'mn
-7.1
-5.1
-4.6
-2.8
-2.2
Decline in
Foreign
Holding
-0.20%
-0.34%
-0.06%
-0.1%
-0.08%
BANKS FINANCE & INS.

BEV. FOOD & TOBACCO
CHEM. & PHARMA.
CONS. & ENG.
DIVERSIFIED
HEALTH CARE
HOTELS & TRAVELS
LAND & PROPERTY
MANUFACTURING
MOTORS
PLANTATIONS
TELECOM
Current Previous
12,818.3 12,825.3
19,866.8 20,073.8
6,788.0
6,735.0
2,795.1
2,745.9
1,800.1
1,781.5
707.9
696.4
3,261.7
3,259.3
582.3
575.2
2,920.2
2,882.0
15,000.2 14,867.7
741.5
739.2
161.4
159.1
WoW %
-0.1%
-1.0%
0.8%
1.8%
1.0%
1.6%
0.1%
1.2%
1.3%
0.9%
0.3%
1.5%
Page | 2
Weekly Stock Trends

Weekly Top Gainers
Company
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
SWARNAMAHAL FIN
2.70
2.00
35.00%
3.00
1.90
17,570,450
45,128,760
4.80
1.40
SOFTLOGIC CAP
4.30
3.40
26.47%
4.50
3.70
187,453
759,919
7.50
3.10
324.90
260.00
24.96%
324.90
260.00
935
245,604
324.90
192.00
THE FINANCE CO.[NON VOTING] 4.10
3.30
24.24%
4.70
3.20
2,675,695
10,620,578
8.20
2.90
1,100.00
22.73%
1,350.00
1,350.00
1,350
2,400.00
811.00
52 High
52 Low
LEE HEDGES
CEYLON PRINTERS
1,350.00
Weekly Top Losers

Company
LAKE HOUSE PRIN.
PC HOUSE
HUEJAY
SERENDIB LAND
ASIRI CENTRAL
Current
Previous
WoW %
High
Low
Volume
Turnover
92.00
105.00
-12.38%
100.00
92.00
405
37,277
115.00
81.20
0.80
0.90
-11.11%
1.00
0.80
10,248,415
8,982,893
7.20
0.50
58.10
65.00
-10.62%
69.00
58.10
127
99.80
48.00
1,203.10
1,339.00
-10.15%
1,203.10
1,200.00
4,807
2,049.80
1,105.00
232.40
255.00
-8.86%
259.00
207.00
196
47,573
329.90
205.00
Weekly Top Performers

Company
JKH
ACCESS ENG SL
UNITED MOTORS
TOUCHWOOD
HNB
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
215.00
216.50
-0.69%
220.60
215.00
3,137,546
685,418,402
299.80
202.10
22.00
21.00
4.76%
22.00
21.30
22,433,249
492,809,514
22.60
16.50
111.00
107.00
3.74%
116.00
107.00
2,254,843
241,275,481
124.00
86.00
4.80
4.30
11.63%
5.10
3.90
50,298,661
237,393,338
18.70
0.90
150.00
150.80
-0.53%
152.30
149.20
1,151,017
172,656,973
176.00
140.00
Volume
Turnover
52 High
52 Low
Weekly Top Volume

Company
Current
Previous
WoW %
High
Low
TOUCHWOOD
4.80
4.30
11.63%
5.10
3.90
50,298,661
237,393,338
18.70
0.90
ACCESS ENG SL
22.00
21.00
4.76%
22.00
21.30
22,433,249
492,809,514
22.60
16.50
SWARNAMAHAL FIN
2.70
2.00
35.00%
3.00
1.90
17,570,450
45,128,760
4.80
1.40
ASIA ASSET
2.20
2.10
4.76%
2.40
2.00
13,222,042
28,891,557
3.20
1.50
PC HOUSE
0.80
0.90
-11.11%
1.00
0.80
10,248,415
8,982,893
7.20
0.50
Page | 3
S & P SL20 Debrief
Announcements
DIVIDENDS
Daily Index Movement
Company
3,350
3,300
3,250
Dividend (LKR)
XD Date
Softlogic Holdings
0.16
22-10-2013
31-10-2013
Union Chemical Lanka
6.00
22-10-2013
31-10-2013
C T Holdings
1.65
31-10-2013
08-11-2013
0-Jan-1900
0.00
00-01-1900
00-01-1900
3,200
Payment
0-Jan-1900
0.00
00-01-1900
00-01-1900
3,150
0-Jan-1900
0.00
00-01-1900
00-01-1900
3,100
0-Jan-1900
0.00
00-01-1900
00-01-1900
0-Jan-1900
0.00
00-01-1900
00-01-1900
3,050
RIGHTS ISSUE
Company
John Keells Holdings
S&P SL20
Tess Agro [Voting]
S&P SL20 Companies

JOHN KEELLS HOLDINGS
COMMERCIAL BANK
THE BUKIT DARAH
HATTON NATIONAL BANK
CARSONS CUMBERBATCH
SAMPATH BANK
CEYLON TOBACCO COMPANY
DFCC BANK
AITKEN SPENCE
NATIONAL DEVELOPMENT BANK
C T HOLDINGS
DISTILLERIES
HAYLEYS
CHEVRON LUBRICANTS LANKA
DIALOG AXIATA
CARGILLS (CEYLON)
AITKEN SPENCE HOTEL HOLDINGS
NESTLE LANKA
ASIAN HOTELS & PROPERTIES
SRI LANKA TELECOM
Current
215.00
119.40
685.00
150.00
400.10
172.20
1,180.90
121.10
115.40
153.80
144.00
186.80
293.00
268.20
8.80
151.00
70.00
1,945.40
70.00
38.80
Previous
216.50
118.50
670.00
150.80
390.00
172.20
1,054.00
120.00
113.60
146.40
140.10
187.00
295.50
270.00
8.70
150.00
66.10
1,950.00
70.00
39.30
WoW %
-0.69%
0.76%
2.24%
-0.53%
2.59%
0.00%
12.04%
0.92%
1.58%
5.05%
2.78%
-0.11%
-0.85%
-0.67%
1.15%
0.67%
5.90%
-0.24%
0.00%
-1.27%
Turnover
685,418,402
79,718,991
298,736
172,656,973
2,294,062
63,977,745
90,931,355
1,792,287
1,427,974
26,918,361
1,767,699
4,759,008
782,213
2,209,212
8,356,818
200,800
4,760,458
1,579,511
3,912,001
1,543,389
Proportion
XR Date
Renunciation
02 for 13 @ LKR175.0
03-10-2013
24-10-2013
01 for 03 @ LKR1.5
31-10-2013
19-11-2013
Tess Agro [Non-Voting]
01 for 06 @ LKR0.9
31-10-2013
19-11-2013
Senkadagala Finance
01 for 10 @ LKR40.0
To Be Notified
To Be Notified
Nanda Investments & Finance
01 for 20 @ LKR9.0
To Be Notified
To Be Notified
Proportion
EGM Date
XD Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
XC Date
01 for 03 @ LKR1.0
20-12-2013
23-12-2013
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
SCRIP DIVIDEND
Company
CAPITALIZATION OF RESERVES
Company
Tess Agro [V & NV]
SUBDIVISION OF SHARES
Company
CONSOLIDATION OF SHARES
Company
Page | 4
Local Economy
CURRENCY MOVES
LKR
134
133
133
132
132
131
131
130
130
USD : LKR
LKR
1.37
1.36
1.35
1.34
1.33
1.32
1.31
1.30
Japanese Yen : LKR
LKR
180
EURO : LKR
LKR
215
178
210
176
205
174
200
172
195
170
190
LKR
107
106
105
104
103
102
101
100
Singapore Dollar : LKR
LKR
2.30
GBP : LKR
Indian Rupee : LKR
2.20
2.10
2.00
1.90
1.80
1.70
Page | 5
Local Economy
BALANCE OF TRADE
TOURISM
Balance of Trade
Tourist Arrivals
140,000
120,000
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
100,000
80,000
60,000
40,000
20,000
Jan
Exports
Imports
Balance of Trade
Jul-13
Exports
Imports
Balance of Trade
Jun-13
807
1,637
-829
MoM %
6%
-2%
10%
Jul-12
794
1,329
-535
Apr
May
Jun
2011
Jul
Aug
2012
Sep
Oct
Dec
Sep-13
2013
89,761
801,210
Sep-13
YTD
Nov
2013
For the Month Ending:
YoY %
8%
20%
-39%
INFLATION & INTEREST RATE
2012 Change %
71,111
26%
693,772
15%
COLOMBO TEA AUCTION STATISTICS
Inflation and Treasury Bill Rate
14%
Mar
2010

Jul-13
858
1,601
-743
Feb
Elevation
12%
10%
High Grown
Mid Grown
Low Grown
Total
8%
6%
4%
Sale of
09-Oct-13
434.59
413.97
512.62
480.72
Sale of
02-Oct-13
427.50
413.64
494.95
468.34
WoW %
1.66%
0.08%
3.57%
2.64%
Corres. 2012
418.32
372.53
421.94
415.28
WoW %
0.00%
0.97%
Sale of
15-Aug-13
411.50
410.00
YoY %
3.89%
11.12%
21.49%
15.76%
2%
Sep-12
1-Yr T-Bill
Nov-12
Jan-13
Point to Point
Mar-13
May-13

Point to Point
Annual Average Change
1-Yr T-Bill
Jul-13
Annual Average Change
Sep-13
COLOMBO RUBBER AUCTION STATISTICS
Sep-2013
Aug-13
6.3%
8.0%
10.56%
Sep-13
6.2%
7.8%
10.52%
Basis Points
10
20
4
Elevation
RSS 1
Brown Crepe 1X
Sale of
26-Sep-13
411.50
415.00
Sale of
05-Sep-13
411.50
411.00
WoW %
0.00%
1.22%
Page | 6
Global Markets
EQUITY MARKET OUTLOOK
Index
15,800
15,600
15,400
15,200
15,000
14,800
14,600
14,400
14,200
Index
6,700
Dow Jones Industrial Average
Index
1,750
S&P 500 Index
1,700
1,650
1,600
1,550
FTSE 100 Index
Index
17,000
6,600
15,000
6,500
13,000
6,400
11,000
6,300
9,000
6,200
7,000
Nikkei 225
Index
3,100
3,000
2,900
2,800
2,700
2,600
2,500
Index
24,000
23,500
23,000
22,500
22,000
21,500
21,000
20,500
EURO STOXX 50 Price EUR
Hong Kong Hang Seng Index
Page | 7
Global Markets
GLOBAL COMMODITY TREND
USD/bbl
112
110
108
106
104
102
100
98
96
WTI CRUDE FUTURE
USd/lb.
95
COTTON NO.2 FUTURE
90
85
80
75
USD/t oz.
1,450
1,400
1,350
1,300
1,250
1,200
1,150
GOLD 100 OZ FUTURE
USd/bu.
720
700
680
660
640
620
600
WHEAT FUTURE(CBT)
USd/lb.
340
COPPER FUTURE
330
320
310
300
290
Commodity
WTI Crude
USD/bbl
Gold
Copper
USD/t oz.
USd/lb.
Cotton
Wheat
USd/lb.
USd/bu.
This
Week
Last
Week
WoW
Change
101.77
101.91
-0.1%
1,307.10
328.30
1,299.30
323.35
0.6%
1.5%
83.30
686.25
84.03
694.00
-0.9%
-1.1%
Page | 8
JKH Forward PE Band Chart

300.00
250.00
200.00
150.00
100.00
50.00
0.00
Apr-03
Apr-04
Apr-05
Price
Softlogic Equity Research
Apr-06
8
Apr-07
11
Apr-08
14
Apr-09
Apr-10
17
20
Apr-11
Page | 9
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
17-Oct-13
Cap.
Cap.
Mar'12
Mar'13
Mar'14E
('Mn)
('Mn)
Dec'11
Dec'12
Dec'13E Dec'14E
('Mn)
NAVPS
Earnings
P / BV
EPS
Mar'15E
EPS Growth (%)
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Trailing
Dec'11
Dec'12
Dec'13E Dec'14E Trailing
3,098
25.51
29.00
2,014
57.08
73.94
4Q
PER
DPS
Mar'12
Mar'13 Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'12 Dec'13E Dec'13E
Dec'11
Dec'12
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
Banking, Finance & Insurance

Centra l Fi na nce
CFIN.N0000
Ceyl i nco Ins ura nce
CINS.N0000
Commerci a l Ba nk
COMB.N0000 D
Commerci a l Ba nk [X]
COMB.X0000
DFCC Ba nk
Buy
190.00
17,646
104.9
19,928 168.24
1.13
2,675
3,041
1,251.80
14,123
26.4
33,066 534.67
2.34
1,508
1,953
3,437
3,829
32.77
Buy
118.90
55,572
848.7
100,915
65.48
1.82
8,048
10,080
10,685
12,591
9,223
9.48
11.88
12.59
Buy
91.10
55,572
848.7
77,320
65.48
1.39
8,048
10,080
10,685
12,591
9,223
9.48
11.88
DFCC.N0000
MTB
124.10
36,565
265.1
32,899 137.93
0.90
2,900
3,523
3,453
3,915
3,436
10.94
Ha tton Na ti ona l Ba nk
HNB.N0000
Buy
150.00
53,980
399.3
59,900 135.18
1.11
6,149
8,111
9,258
11,113
8,257
Ha tton Na ti ona l Ba nk [X]
Buy
112.00
53,980
399.3
44,726 135.18
0.83
6,149
8,111
9,258
10,908
60.00
20,735
475.2
28,512
43.63
1.38
2,933
1,863
7,376
80.43
1.32
1,714
1,703
2,114
36.51
29.54
46
14
76.24
57
30
13
14.83
10.87
46
25
12.59
14.83
10.87
46
25
13.29
13.02
14.77
12.96
(43)
15.40
20.31
23.18
27.83
20.68
28
8,257
15.40
20.31
23.18
27.83
20.68
1,985
6.17
3.92
4.18
2,494
1,566
24.75
24.58
30.52
36.01
22.61
68
(1)
24
11
7.4
6.6
21.9
16.9
6.4
2.9
1.5
15.2
16.4
12.5
1.0
18
12.5
10.0
9.4
10.7
8.0
10.9
4.5
3.8
18
9.6
7.7
14.5
7.2
6.1
8.4
4.5
4.9
21
(2)
13
11.3
14.5
9.3
9.5
8.4
9.6
5.0
4.0
32
14
20
9.7
7.9
7.4
6.5
5.4
7.3
8.5
5.7
11.4
28
32
14
20
(24)
(36)
7.3
5.5
4.8
4.0
9.7
15.3
18
4.3
4.3
3.5
HNB.X0000
La nka Ori x Lea s i ng Compa ny LOLC.N0000
LB Fi na nce
LFIN.N0000
Buy
106.50
5,571
69.3
Na ti ona l Devel opment Ba nk NDB.N0000
Buy
156.20
23,785
164.7
25,725 144.42
1.08
2,706
8,854
3,533
4,286
8,817
16.43
53.76
21.45
26.03
53.53
26
227
(60)
21
9.5
2.9
Na ti ons Trus t Ba nk
NTB.N0000
Buy
62.00
10,591
230.6
14,298
45.93
1.35
1,534
1,951
2,438
2,990
2,002
6.65
8.46
10.57
12.96
8.68
41
27
25
23
9.3
Pa n As i a Ba nk
PABC.N0000
Buy
16.80
4,100
295.0
4,957
13.89
1.21
824
811
859
995
617
2.79
2.75
2.91
3.37
2.09
128
(2)
16
Peopl e's Lea s i ng
PLC.N0000
Buy
13.50
18,942
1,579.9
21,328
11.99
1.13
4,542
3,073
3,015
3,590
3,016
2.87
1.95
1.91
2.27
1.91
74
(32)
(2)
Sa mpa th Ba nk
SAMP.N0000
Buy
177.00
27,971
167.8
29,698 166.70
1.06
4,151
5,212
4,089
5,339
4,066
24.74
31.06
24.37
31.82
24.23
19
26
(22)
Seyl a n Ba nk
SEYB.N0000
59.00
20,343
345.0
20,353
58.97
1.00
1,006
2,063
2,042
2.92
5.98
5.92
(17)
105
La nka Ori x Fi na nce
LOFC.N0000
3.00
5,479
2,800.0
8,400
1.96
1.53
1,246
686
705
0.44
0.25
0.25
(0)
(45)
315,401
7,771.9
407,354
40.58
1.29
41,935
52,924
68,324
5.40
6.81
8.79
19
26
Sample Sector (16)

Full Sector (60)
531,027
898
1,026
0.32
0.37
31
5.8
5.2
5.4
8.5
7.6
11.4
14.4
0.5
0.8
14.1
3.0
4.7
6.5
6.1
30.8
7.3
6.0
2.9
15.0
9.6
11.4
7.3
5.9
4.8
7.1
2.1
3.4
14.5
6.0
6.1
5.8
5.0
8.0
1.0
6.0
20.1
19
4.7
6.9
7.1
5.9
7.1
1.3
9.3
24.0
31
7.2
5.7
7.3
5.6
7.3
6.0
3.4
14.8
20.2
9.9
10.0
1.0
1.7
4.9
6.7
12.2
11.9
22.7
9.7
7.7
14
9.4
8.2
6.0
1.37
13.3
8.1
Beverage, Food and Tobacco

Ca rgi l l s
CARG.N0000
150.00
12,008
224.0
33,600
Ceyl on Toba cco Compa ny
CTC.N0000
1,150.00
5,041
187.3
215,422
Di s ti l l eri es
DIST.N0000
188.00
50,390
300.0
56,400 167.97
Li on Brewery
LION.N0000
369.00
5,878
80.0
29,520
Nes tl e (La nka )
NEST.N0000
1,969.00
2,569
53.7
75,887
845.0
LTB
Sample Sector (5)

Full Sector (20)
53.61
2.80
1,079
578
453
4.82
2.58
2.02
(1)
(46)
26.91 42.73
6,569
8,176
8,734
9,545
8,570
35.07
43.65
46.63
50.95
45.75
29
24
1.12
5,675
5,520
5,816
6,452
5,701
18.92
18.40
19.39
21.51
19.00
(30)
(3)
5.02
1,262
1,046
1,121
1,465
1,020
15.78
13.07
14.01
18.31
12.76
25
(17)
105,785
47.82 41.17
2,633
2,994
3,513
3,822
3,449
49.01
55.73
65.39
71.14
64.21
39
14
17
440,728
89.80
17,219
18,313
19,194
20.38
21.67
22.71
73.47
498,724
5.81
31.1
58.2
32.8
26.3
11
9.9
10.2
9.7
31
23.4
28.2
26.3
40.2
35.3
30.1
27.7
25.6
24.1
24.7
74.2
2.0
1.3
9.0
25.1
45.2
3.9
130.3
8.7
9.9
3.0
1.6
11.3
20.2
28.9
4.0
1.1
21.5
30.7
54.0
2.7
102.5
22.6
23.0
3.99
22.7
20.6
Chemicals & Pharmaceuticals

CIC Hol di ngs
CIC.N0000
57.00
7,685
94.8
5,402
81.09
0.70
863
231
181
9.11
2.44
1.91
(7)
(73)
6.3
23.4
29.9
1.6
2.9
11.2
La nkem Ceyl on
LCEY.N0000
138.60
3,612
24.0
3,326 150.48
0.92
513
297
194
21.39
12.36
8.10
(55)
(42)
6.5
11.2
17.1
1.5
1.1
14.2
11,296
118.8
8,728
0.77
1,376
528
375
11.59
4.44
3.16
(33)
(62)
6.3
16.5
23.3
Sample Sector (2)

Full Sector (10)
95.11
18,989
0.95
12.2
13.3
Construction & Engineering

Col ombo Dockya rd
DOCK.N0000
192.00
Sample Sector (1)
10,172
71.9
13,797 141.55
1.36
1,804
1,977
1,229
25.10
27.51
17.11
(13)
10
7.6
7.0
11.2
10,172
71.9
13,797 141.55
1.36
1,804
1,977
1,229
25.10
27.51
17.11
(13)
10
7.6
7.0
11.2
39,631
2.60
Full Sector (4)
8.0
4.2
17.7
17.7
9.0
Diversified Holdings
Ai tken Spence
SPEN.N0000
116.00
28,215
406.0
47,096
69.50
1.67
3,488
3,267
3,293
8.59
8.05
8.11
38
(6)
13.5
14.4
14.3
1.5
1.3
CT Hol di ngs
CTHR.N0000
157.00
16,957
183.1
28,746
92.61
1.70
1,159
1,150
1,619
6.33
6.28
8.84
34
(1)
24.8
25.0
17.8
0.7
0.4
6.8
Ca rs ons Cumberba tch
CARS.N0000
402.30
35,229
196.4
79,006 179.38
2.24
7,017
4,570
4,692
35.73
23.27
23.89
55
(35)
11.3
17.3
16.8
2.0
0.5
19.9
Expol a nka Hol di ngs
EXPO.N0000
6.80
9,359
1,954.9
13,293
Ha yl eys
HAYL.N0000
292.50
22,638
75.0
Hema s Hol di ngs
HHL.N0000
32.40
12,374
515.3
John Keel l s Hol di ngs
JKH.N0000
217.30
90,686
857.9
Ri cha rd Pei ri s
RICH.N0000
6.60
8,257
1,958.1
12,923
Softl ogi c Hol di ngs
SHL.N0000
9.80
7,384
779.0
7,634
Va l l i bel One
VONE.N0000
16.80
30,980
1,086.6
262,079
8,012.3
LTB
Buy
Sample Sector (10)

Full Sector (18)
4.79
1.42
1,033
1,061
1,100
0.53
0.54
0.56
(33)
12.9
12.5
12.1
0.1
1.8
11.0
21,938 301.84
0.97
1,038
1,854
2,054
13.84
24.72
27.39
43
79
21.1
11.8
10.7
4.5
1.5
4.6
16,695
24.01
1.35
1,165
1,658
1,600
2.26
3.22
3.11
(4)
42
14.3
10.1
10.4
0.8
2.3
9.4
186,426 105.70
2.06
9,687
12,201
12,129
11.29
14.22
14.14
17
26
19.2
15.3
15.4
3.5
1.6
10.7
4.22
1.57
2,575
1,903
1,642
1.32
0.97
0.84
53
(26)
5.0
6.8
7.9
0.2
3.0
31.2
9.48
1.03
483
301
269
0.62
0.39
0.35
(42)
(38)
15.8
25.3
28.4
0.3
3.1
6.5
18,254
28.51
0.59
2,025
1,403
1,550
1.86
1.29
1.43
250
(31)
9.0
13.0
11.8
0.0
0.0
432,013
32.71
1.65
29,669
29,367
29,948
3.70
3.67
3.74
30
(1)
14.6
14.7
464,757
1,302
10,952
2,323
10,653
0.67
12.77
2.14
12.42
23
(10)
66
(3)
1.54
10.2
12.4
17.0
7.9
17.5
14.4
6.5
11.3
13.8
Healthcare
As i ri Hos pi ta l Hol d.
ASIR.N0000
15.80
5,650
1,099.1
17,366
5.14
3.07
600
777
810
0.55
0.71
0.74
215
29
28.9
22.3
21.4
0.5
3.2
10.6
Na wa l oka Hos pi ta l s
NHL.N0000
3.00
3,881
1,409.5
4,229
2.75
1.09
271
454
456
0.19
0.32
0.32
(75)
68
15.6
9.3
9.3
0.1
1.7
7.0
43.90
27,164
223.7
9,822 121.41
0.36
437
384
537
1.95
1.72
2.40
51
(12)
22.5
25.6
18.3
0.5
1.1
1.6
36,695
2,732.3
0.86
1,308
1,616
1,803
0.48
0.59
0.66
(16)
24
24.0
19.4
17.4
LHCL.N0000
D
Softlogic Equity
Research
La nka Hos pi ta l s
Sample Sector (3)

Full Sector (6)
31,416
46,302
13.43
2.15
18.9
3.6
Page | 10
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
17-Oct-13
Cap.
('Mn)
Cap.
('Mn)
('Mn)
NAVPS
Earnings
P / BV
EPS
EPS Growth (%)
Mar'12
Mar'13
Mar'14E
Mar'15E
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'12
Dec'13E
Dec'14E
Trailing
Dec'11
Dec'12
4Q
PER
DPS
Mar'12
Mar'13 Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'12 Dec'13E Dec'13E
Dec'11
Dec'12
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
Hotels and Travels

Ai tken Sp. Ho. Hol d.
AHUN.N0000 M
71.50
12,937
336.3
24,045
38.47
1.86
1,378
1,782
2,148
1,782
4.10
5.30
6.39
5.30
33
29
21
17.4
13.5
11.2
13.5
1.0
1.4
10.7
Ama ya Lei s ure
CONN.N0000 M
71.00
2,515
48.0
3,410
52.37
1.36
293
377
376
374
6.09
7.84
7.83
7.79
(38)
29
(0)
11.7
9.1
9.1
9.1
4.0
5.6
11.6
As i a n Hotel s & Prop.
AHPL.N0000
73.70
20,762
442.8
32,633
46.89
1.57
2,149
2,494
2,386
2,493
2,492
4.85
5.63
5.39
5.63
5.63
21
16
(4)
15.2
13.1
13.7
13.1
13.1
4.0
5.4
10.3
Keel l s Hotel s
KHL.N0000
11.10
16,421
1,456.1
16,163
11.28
0.98
1,105
1,121
870
994
1,121
0.76
0.77
0.60
0.68
0.77
111
(22)
14
14.6
14.4
18.6
16.3
14.4
0.0
0.0
6.7
Ta j
TAJ.N0000
29.90
2,223
139.6
4,175
15.92
1.88
125
246
293
224
0.89
1.76
2.10
1.61
26
97
19
33.5
17.0
14.2
18.6
0.0
0.0
5.6
Tra ns As i a
TRAN.N0000
88.00
5,775
200.0
17,600
28.88
3.05
625
1,066
884
1,066
3.12
5.33
4.42
5.33
(5)
71
(17)
28.2
16.5
19.9
16.5
3.0
3.4
10.8
60,634
2,622.9
98,026
23.12
1.62
5,674
7,086
6,957
6,059
2.16
2.70
2.65
2.31
24
25
(2)
17.3
13.8
14.1
Sample Sector (6)

Full Sector (36)
317,845
927
4.64
19.0
16.2
2.51
9.4
37.6
Land and Property

Col ombo La nd
CLND.N0000
46.00
2,699
199.9
9,195
13.50
3.41
10
335
-90
12
48
0.05
1.68
(0.45)
0.06
0.24
(98)
3,393
(127)
113
958.7
27.4
N/A
766.2
189.8
0.0
0.0
0.4
Overs ea s Rea l i ty
OSEA.N0000
17.80
22,697
843.5
15,014
26.91
0.66
2,681
2,469
1,924
2,158
2,991
3.18
2.93
2.28
2.56
3.55
218
(8)
(22)
12
5.6
6.1
7.8
7.0
5.0
0.3
1.7
11.8
25,396
1,043.4
24,209
24.34
0.95
2,691
2,804
1,834
2,170
3,040
2.58
2.69
1.76
2.08
2.91
102
(35)
18
9.0
8.6
13.2
11.2
8.0
1.0
10.6
Sample Sector (2)

Full Sector (18)
40,263
0.85
7.7
Manufacturing
ACL Ca bl es
ACL.N0000
66.00
5,802
59.9
3,953
96.87
0.68
485
532
513
8.10
8.88
8.56
127
10
Gra i n El eva tors
GRAN.N0000
38.40
2,742
60.0
2,304
45.71
0.84
388
135
87
93
-188
6.46
2.24
1.45
1.55
(3.13)
(18)
(65)
(35)
Chevron Lubri ca nts
LLUB.N0000
Hold
270.00
5,098
120.0
32,400
42.48
6.36
2,001
2,288
2,526
2,621
2,425
16.67
19.06
21.05
21.84
20.21
33
14
La nka Wa l l ti l e
LWL.N0000
LTB
55.60
4,871
54.6
3,036
89.21
0.62
731
520
545
600
474
13.39
9.52
9.98
10.99
8.68
51
(29)
Pi ra ma l Gl a s s
GLAS.N0000
LTB
5.50
3,716
950.1
5,225
3.91
1.41
686
724
761
813
941
0.72
0.76
0.80
0.86
0.99
19
Roya l Cera mi c
RCL.N0000
LTB
95.90
8,384
110.8
10,625
75.67
1.27
1,243
1,670
1,844
2,190
1,411
11.22
15.07
16.64
19.77
12.74
Textured Jers ey
TJL.N0000
Buy
15.30
6,190
655.0
10,022
9.45
1.62
628
1,017
1,186
1,483
1,085
0.96
1.55
1.81
2.26
Tokyo Cement
TKYO.N0000
25.00
7,793
334.1
8,353
23.32
1.07
979
828
1,447
2.93
44,596
2,344.5
75,918
19.02
1.70
7,141
7,713
8,108
3.05
Sample Sector (8)

Full Sector (36)
106,255
8.1
7.4
7.7
1.0
1.5
8.4
5.9
17.1
26.5
24.8
-12.2
0.1
0.4
14.1
10
16.2
14.2
12.8
12.4
13.4
11.0
4.1
39.2
10
4.2
5.8
5.6
5.1
6.4
3.0
5.4
15.0
7.6
7.2
6.9
6.4
5.6
0.4
6.9
18.5
(14)
34
10
19
8.5
6.4
5.8
4.9
7.5
2.0
2.1
14.8
1.66
(8)
62
17
25
16.0
9.9
8.4
6.8
9.2
1.2
8.1
10.1
2.48
4.33
14
(15)
8.5
10.1
5.8
1.0
4.0
12.6
3.29
3.46
15
10.6
9.8
9.4
4.3
16.0
1.35
8.4
Motors
Col oni a l Motors
90.00
3,562
15.2
1,368 234.33
0.38
453
120
Di es el & Motor Engi neeri ng DIMO.N0000 M
COLO.N0000
500.00
7,571
8.9
4,438 852.93
0.59
2,702
462
Uni ted Motors
113.10
7,747
67.3
7,608 115.18
0.98
2,281
2,013
2,011
18,880
91.3
13,414 206.70
0.71
5,436
2,595
2,496
21,397
0.95
UML.N0000
Sample Sector (3)

Full Sector (6)
29.80
7.91
1.47
95
(73)
3.0
11.4
61.3
3.0
3.3
12.7
462 304.36
22
52.06
52.05
27
(83)
1.6
9.6
9.6
10.0
2.0
35.7
33.91
29.92
29.90
153
(12)
3.3
3.8
3.8
10.0
8.8
29.4
59.51
28.41
27.32
67
(52)
2.5
5.2
5.4
6.0
28.8
9.1
Oil Palms
Buki t Da ra h
BUKI.N0000
689.30
Sample Sector (1)
32,716
102.0
70,309 320.74
2.15
7,299
5,042
4,405
71.56
49.43
43.19
43
(31)
9.6
13.9
16.0
3.0
0.4
22.3
32,716
102.0
70,309 320.74
2.15
7,299
5,042
4,405
71.56
49.43
43.19
43
(31)
9.6
13.9
16.0
3.0
0.4
22.3
Full Sector (5)
103,672
1.83
19.1
Plantations
Ba l a ngoda
BALA.N0000
32.10
2,660
23.6
759 112.53
0.29
25
118
62
1.08
5.01
2.64
(85)
366
29.9
6.4
12.1
1.0
Hora na
HOPL.N0000
23.00
1,391
25.0
575
55.63
0.41
87
220
201
3.49
8.82
8.04
(73)
152
6.6
2.6
2.9
2.0
Kega l l e
KGAL.N0000
97.10
3,439
25.0
2,428 137.54
0.71
769
544
542
30.77
21.74
21.70
(8)
(29)
3.2
4.5
4.5
12.0
12.4
22.4
Kel a ni Va l l ey
KVAL.N0000
80.80
2,524
34.0
2,747
74.24
1.09
460
584
650
13.54
17.19
19.12
44
27
6.0
4.7
4.2
6.0
7.4
18.2
Kota ga l a
KOTA.N0000
43.90
3,535
40.0
1,756
88.38
0.50
439
517
378
10.97
12.92
9.44
(34)
18
4.0
3.4
4.6
2.5
5.7
12.4
Wa ta wa l a
WATA.N0000 M
10.80
3,855
236.7
2,556
16.29
0.66
455
680
755
1.92
2.87
3.19
(29)
49
5.6
3.8
3.4
0.8
17,403
384.3
10,820
45.29
0.62
2,236
2,664
2,589
5.82
6.93
6.74
(24)
19
4.8
4.1
4.2
Sample Sector (6)

Full Sector (19)
24,269
0.66
1.0
6.3
11.8
12.8
5.5
Power and Energy

La nka IOC
LIOC.N0000
26.00
14,378
532.5
13,846
27.00
0.96
906
2,911
4,069
1.70
5.47
7.64
221
15.3
4.8
3.4
1.0
Va l l i bel
VPEL.N0000
5.80
2,068
747.1
4,333
2.77
2.10
249
289
482
0.33
0.39
0.65
(41)
16
17.4
15.0
9.0
0.3
4.3
12.0
La ugfs Ga s
LGL.N0000
29.60
6,178
387.0
11,455
15.96
1.85
822
1,061
1,291
2.13
2.74
3.34
(4)
29
13.9
10.8
8.9
1.5
5.1
13.3
22,624
1,666.6
29,634
13.57
1.31
1,977
4,261
5,843
1.19
2.56
3.51
(8)
116
15.0
7.0
5.1
Sample Sector (3)

Full Sector (8)
35,295
1.21
6.3
8.7
5.5
Telecommunications
Di a l og Axi a ta
DIAL.N0000
8.90
37,086
8,143.8
72,480
4.55
1.95
5,354
6,521
7,569
8,156
0.66
0.80
0.93
1.00
22
16
13.5
11.1
9.6
8.9
0.3
3.7
Sri La nka Tel ecom
SLTL.N0000
39.80
55,315
1,804.9
71,833
30.65
1.30
4,781
5,329
5,912
4,976
2.65
2.95
3.28
2.76
21
11
11
15.0
13.5
12.2
14.4
0.9
2.1
92,401
9,948.6
144,313
9.29
1.56
10,135
11,850
13,481
13,132
1.02
1.19
1.36
1.32
13
17
14
14.2
12.2
10.7
11.0
Sample Sector (2)

Full Sector (2)
144,313
1.56
14.4
8.6
11.0
10.9
Trading
Browns
BRWN.N0000 M
97.80
15,058
70.9
3.39
(79)
6.0
28.9
28.9
1.3
1.3
7.7
4,812
125.2
11,644
38.43
2.42
985
10.11
9.09
3.39
7.87
(47)
93.00
240
1,138
16.43
SINS.N0000
1,164
1,266
240
Si nger Sri La nka
90
(10)
9.2
10.2
11.8
6.0
6.5
26.3
19,870
196.1
18,576 101.33
0.93
2,431
1,378
1,225
12.40
7.03
6.25
(15)
(43)
7.6
13.5
15.2
23,482
0.99
Sample Sector (2)

Full Sector (8)
Sample Market (70)

Total Market (284)
6,932 212.47
1,046,050 37,951.9 1,819,254

2,477,235
27.56
0.46
1.74
1.71
12.2
12.0
138,331 150,117 166,629 188,291 167,769
3.64
3.96
4.39
4.96
4.42
17
11
13
13.2
12.1
10.9
9.7
10.8
12.7
13.2
Page | 11
Softlogic Equity Sales
Dimantha Mathew
dimantha.mathew@equity.softlogic.lk
+94 11 7277030
Dihan Dedigama
dihan.dedigama@equity.softlogic.lk
+94 11 7277010, +94 77 7689933
Eardley Kern
l.kern@equity.softlogic.lk
+94 11 7277053, +94 77 7348018
Kavindu Ranasinghe
kavindu.ranasinghe@equity.softlogic.lk
+94 11 7277031
Sonali Abayasekera
sonali.abayasekera@equity.softlogic.lk
+94 11 7277051, +94 77 7736059
Thanuja De Silva
thanuja.desilva@equity.softlogic.lk
+94 11 7277059, +94 77 3120018
Imalka Hettiarachchi
imalka.hettiarachchi@equity.softlogic.lk
+94 11 7277032
Branches
Chandima Kariyawasam
chandima.kariyawasam@equity.softlogic.lk
+94 11 7277058, +94 77 7885778
Horana
Negombo
Kurunegala
Madushanka Rathnayaka
No. 212, 1st floor, Panadura road, Horana
Krishan Williams
No. 121, St. Joseph Street Negombo
krishan.williams@equity.softlogic.lk
+94 31 2224714-5, +94 77 3569827
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
bandula.lansakara@equity.softlogic.lk
+94 37 2232875, +94 77 3615790
madushanka.rathnayaka@equity.softlogic.lk
+94 34 7451000, +94 77 3566465
The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. 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. 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.
Softlogic Stockbrokers (Pvt) Ltd 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 materialized disseminated to their customers. Not all customers will receive
the material at the same time. Softlogic Stockbrokers, their respective directors, officers, representatives, employees, related persons
and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or other financial instruments mentioned or
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2013

Week Ending 17-10-2013

Weekly Market Wrap Up

Local Economy in Brief

Our Core Coverage

Weekly Stat Page

Weekly Turnover and Volume

Daily Index Movement

Weekly Foreign Purchases and Sales

Daily Foreign Activity

Net Foreign 596

Linear (Foreign Activity)

Weekly Sector Statistics

Change in Foreign Holding

Weekly Market Valuations

Weekly Foreign Flow

BANKS FINANCE & INS.

Weekly Stock Trends

THE FINANCE CO.[NON VOTING] 4.10

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

S & P SL20 Debrief

Daily Index Movement

Union Chemical Lanka

Tess Agro [Voting]

S&P SL20 Companies

Tess Agro [Non-Voting]

Nanda Investments & Finance

Japanese Yen : LKR

Singapore Dollar : LKR

Indian Rupee : LKR

For the Month Ending:

INFLATION & INTEREST RATE

COLOMBO TEA AUCTION STATISTICS

Inflation and Treasury Bill Rate

For the Month Ending:

For the Month Ending:

Annual Average Change

COLOMBO RUBBER AUCTION STATISTICS

Dow Jones Industrial Average

S&P 500 Index

FTSE 100 Index

EURO STOXX 50 Price EUR

Hong Kong Hang Seng Index

WTI CRUDE FUTURE

COTTON NO.2 FUTURE

GOLD 100 OZ FUTURE

JKH Forward PE Band Chart

Softlogic Equity Research

Mkt Price Book Val.

EPS Growth (%)

Dec'13E Dec'14E Trailing

Mar'13 Mar'14E Mar'14E

Dec'12 Dec'13E Dec'13E

Dec'13E Dec'14E Trailing

Banking, Finance & Insurance

Ceyl i nco Ins ura nce