Professional Documents
Culture Documents
Weekly Plus - 2014 Issue 06 (07.02.2014)
Weekly Plus - 2014 Issue 06 (07.02.2014)
Issue 06
Pg 02
Pg 03
Pg 04
Pg 05
Pg 06
Pg 06
Pg 06
Global Market
Equity Market Outlook
Global Commodity Trend
Pg 07
Pg 08
Research Chat:
Monthly Value Hunt
Pg 09
Pg 10- Pg 11
8,000
500
6,200
400
6,000
6,000
5,900
5,800
300
4,000
200
2,000
('Mn)
LKR ('Mn)
6,100
0
17-Jan
ASPI
24-Jan
Turnover (LHS)
31-Jan
7-Feb
Volume (RHS)
70%
60%
50%
40%
30%
20%
10%
0%
Current
Previous
6141.72
6248.08
3369.30
3443.25
7,302.6
5280.6
296.0
370.3
2,563.9
2608.3
WoW %
-1.7%
-2.1%
38.3%
-20.1%
-1.7%
100
5,700
ASPI
S&P SL20
Turnover (LKR 'bn)
Volume ('mn)
Market Cap. (LKR 'bn)
188
208
Current
Previous
1,339.2
1,455.4
4,402.9
1,247.3
-3,063.7
208.1
40%
33%
WoW %
-8.0%
253.0%
-1573%
19.8%
-3064
5,000
Current
Previous
16.3
16.8
2.0
2.1
2.8
2.8
4,000
LKR ('Mn)
PER
PBV
DY
3,000
2,000
WoW %
-3.3%
-2.0%
0.0%
1,000
0
17-Jan
Foreign Activity
24-Jan
Foreign Buying
31-Jan
7-Feb
Foreign Sales
Growth in Growth in
Value
Foreign Decline in Foreign Holding
LKR 'mn
Holding
128.2
62.1
22.9
22.6
20.4
1.0%
0.40%
0.5%
0.53%
0.02%
JKH
COMMERCIAL BANK (+)
DIALOG (+)
COMMERCIAL BANK[X.0000] (+)
SLT (+)
Decline in
Value
LKR 'mn
-2049.3
-676.7
-541.1
-45.2
-29.6
Decline in
Foreign
Holding
-1.62%
-1.99%
-0.77%
-3.9%
-0.10%
Current
Previous
13,669.5 14,055.6
21,333.0 21,742.2
6,330.2
6,357.1
2,834.8
2,905.3
1,802.4
1,858.7
791.8
807.6
3,200.7
3,212.2
587.5
604.8
3,024.8
3,074.7
15,429.6 15,374.1
737.6
755.7
162.5
157.5
WoW %
-2.7%
-1.9%
-0.4%
-2.4%
-3.0%
-2.0%
-0.4%
-2.9%
-1.6%
0.4%
-2.4%
3.2%
Page | 2
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
SINHAPUTHRA FIN
132.10
112.00
17.95%
155.00
119.20
74,247
9,853,559
155.00
67.00
MORISONS
269.90
230.00
17.35%
269.90
260.00
11
2,870
361.90
160.00
34.90
30.00
16.33%
35.00
27.00
78,507
2,471,941
35.00
13.20
31.90
28.20
13.12%
32.00
29.90
25,240
776,831
38.00
25.10
1,500.00
1,340.50
11.90%
1,500.00
1,500.00
10
15,000
1,540.00
1,250.00
BIMPUTH FINANCE
ABANS FINANCIAL
INDO MALAY
Previous
WoW %
High
40.30
51.60
-21.90%
54.60
40.30
167
1,071.00
1,362.90
-21.42%
1,071.00
1,070.10
G S FINANCE
373.10
447.00
-16.53%
377.00
CHEMANEX
73.00
86.10
-15.21%
83.00
11.50
13.40
-14.18%
13.30
MIRAMAR
SERENDIB LAND
Current
Low
Volume
Turnover
52 High
52 Low
7,627
94.00
38.00
3,212
1,848.90
1,070.10
373.00
748
280,500
824.00
373.00
70.00
9,853
731,212
92.70
66.90
11.30
144,097
1,764,329
17.90
7.90
Volume
Turnover
52 High
52 Low
14,188,652
3,265,649,788
299.80
204.00
Current
Previous
WoW %
High
Low
JKH
229.40
240.00
-4.42%
239.90
228.00
COMMERCIAL BANK
120.10
127.00
-5.43%
127.10
120.00
9,877,185
1,197,107,074
131.50
105.20
9.40
9.20
2.17%
9.40
9.10
58,204,291
535,479,323
9.90
7.90
96.60
0.00%
97.50
94.50
1,493,576
146,368,844
102.00
87.00
159.80
-2.32%
160.00
156.00
864,122
137,199,195
176.00
140.00
Volume
Turnover
52 High
52 Low
DIALOG
HNB
156.10
Current
Previous
WoW %
High
Low
DIALOG
9.40
9.20
2.17%
9.40
9.10
58,204,291
535,479,323
9.90
7.90
S M B LEASING[NON VOTING]
0.50
0.50
0.00%
0.60
0.40
54,029,606
27,036,525
0.70
0.30
S M B LEASING
1.30
1.50
-13.33%
1.60
1.20
39,777,393
54,692,066
1.80
0.50
229.40
240.00
-4.42%
239.90
228.00
14,188,652
3,265,649,788
299.80
204.00
9.30
9.80
-5.10%
9.90
9.20
13,972,506
135,412,485
9.90
6.50
JKH
EXPOLANKA
Page | 3
Announcements
DIVIDENDS
Company
3,500
3,450
3,400
Dividend (LKR)
XD Date
0.50
07-02-2014
Payment
19-02-2014
Lanka Tiles
2.00
10-02-2014
19-02-2014
E-Channelling
0.50
10-02-2014
20-02-2014
3,350
3.00
13-02-2014
25-02-2014
3,300
HNB Assurance
3.25
28-03-2014
07-04-2014
3,250
Overseas Reality
3,200
3,150
0.45
25-04-2014
06-05-2014
0-Jan-1900
1.00
25-04-2014
06-05-2014
0-Jan-1900
0.00
00-01-1900
00-01-1900
RIGHTS ISSUE
Company
S&P SL20
Current
229.40
120.10
610.00
156.10
346.70
169.70
1,252.40
149.70
101.20
184.50
141.00
212.40
298.00
288.40
9.40
149.00
75.00
2,100.00
64.50
394.80
Previous
240.00
127.00
612.60
159.80
345.00
174.00
1,287.90
149.90
103.40
185.50
145.60
210.00
297.60
285.10
9.20
153.90
74.50
2,181.60
65.00
380.20
WoW %
-4.42%
-5.43%
-0.42%
-2.32%
0.49%
-2.47%
-2.76%
-0.13%
-2.13%
-0.54%
-3.16%
1.14%
0.13%
1.16%
2.17%
-3.18%
0.67%
-3.74%
-0.77%
3.84%
Turnover
3,265,649,788
1,197,107,074
808,727
137,199,195
5,129,458
77,925,167
2,664,542
27,205,764
41,110,739
65,874,099
1,884,296
134,858,654
1,092,257
33,448,042
535,479,323
324,712
16,693,606
54,304,580
1,189,602
20,009,841
Proportion
XR Date
Renunciation
Pelawatte Sugar
1 for 4 @ LKR18.0
To Be Notified
To Be Notified
Arpico Finance
2 for 3 @ LKR50.0
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
SCRIP DIVIDEND
Company
CAPITALIZATION OF RESERVES
Company
Proportion
EGM Date
XC 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
SUBDIVISION OF SHARES
Company
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
0
0
0
0
0
CONSOLIDATION OF SHARES
Company
0-Jan-1900
0-Jan-1900
Page | 4
Local Economy
CURRENCY MOVES
LKR
131
USD : LKR
131
LKR
182
180
131
178
131
176
131
130
174
130
172
LKR
1.34
1.32
1.30
1.28
1.26
1.24
1.22
1.20
EURO : LKR
LKR
106
105
104
103
102
101
100
LKR
220
218
216
214
212
210
208
206
LKR
2.16
2.14
2.12
2.10
2.08
2.06
2.04
2.02
GBP : LKR
Page | 5
Local Economy
BALANCE OF TRADE
TOURISM
Balance of Trade
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
Tourist Arrivals
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
Jan
Exports
Imports
Nov-13
Exports
Imports
Balance of Trade
Oct-13
1,041
1,535
-494
MoM %
-1%
7%
-25%
Nov-12
828
1,821
-993
Apr
May
Jun
2011
Jul
Aug
2012
Sep
Oct
Dec
Dec-13
2013
153,918
1,274,593
Dec-13
YTD
Nov
2013
YoY %
25%
-10%
38%
2012 Change %
122,252
26%
1,005,605
27%
14%
Mar
2010
Feb
Balance of Trade
Elevation
12%
10%
High Grown
Mid Grown
Low Grown
Total
8%
6%
4%
Sale of
29-Jan-14
453.25
445.61
531.63
502.35
Sale of
22-Jan-14
453.49
452.98
549.21
515.79
WoW %
-0.05%
-1.63%
-3.20%
-2.61%
Corres. 2013
436.05
381.91
432.81
425.87
WoW %
-10.29%
-24.30%
Sale of
31-Dec-13
340.00
411.50
YoY %
3.94%
16.68%
22.83%
17.96%
2%
Jan-13
Mar-13
1-Yr T-Bill
May-13
Point to Point
Jul-13
Sep-13
Nov-13
Jan-14
Jan-2014
Dec-13
4.7%
6.9%
8.29%
Jan-14
4.4%
6.5%
7.15%
Basis Points
30
40
114
Elevation
RSS 1
Brown Crepe 1X
Sale of
30-Jan-14
305.00
311.50
Sale of
07-Jan-14
340.00
411.50
WoW %
-10.29%
-24.30%
Page | 6
Global Markets
EQUITY MARKET OUTLOOK
Index
17,000
16,500
Index
1,900
Index
3,200
1,850
3,100
1,800
3,000
15,000
1,750
2,900
14,500
1,700
2,800
16,000
15,500
Index
6,900
6,800
6,700
6,600
6,500
6,400
6,300
6,200
Index
17,000
15,000
13,000
11,000
9,000
7,000
Nikkei 225
Index
25,000
24,000
23,000
22,000
21,000
20,000
19,000
Page | 7
Global Markets
GLOBAL COMMODITY TREND
USD/bbl
102
100
98
96
94
92
90
88
USd/lb.
90
USD/t oz.
1,300
USd/lb.
350
340
1,250
330
1,200
320
1,150
310
1,100
300
USd/bu.
800
85
600
80
400
75
200
70
COPPER FUTURE
WHEAT FUTURE(CBT)
Commodity
WTI Crude
USD/bbl
Gold
Copper
USD/t oz.
USd/lb.
Cotton
Wheat
USd/lb.
USd/bu.
This Week
Last
Week
WoW
Change
97.36
97.90
-0.6%
1,260.10
324.10
1,243.30
320.65
1.4%
1.1%
86.76
583.50
86.12
553.00
0.7%
5.5%
Page | 8
KGAL.N0000
VPEL.N0000
UML.N0000
HOPL.N0000
GLAS.N0000
NDB.N0000
PLC.N0000
KVAL.N0000
TJL.N0000
KOTA.N0000
HNB.X0000
SINS.N0000
LFIN.N0000
AHPL.N0000
PABC.N0000
Ticker
JKH.N0000
COMB.N0000
BUKI.N0000
HNB.N0000
CARS.N0000
SAMP.N0000
CTC.N0000
DFCC.N0000
SPEN.N0000
NDB.N0000
CTHR.N0000
DIST.N0000
HAYL.N0000
LLUB.N0000
DIAL.N0000
CARG.N0000
LOLC.N0000
NEST.N0000
AHPL.N0000
LION.N0000
Company
JOHN KEELLS HOLDINGS
COMMERCIAL BANK OF CEYLON
THE BUKIT DARAH
HATTON NATIONAL BANK
CARSONS CUMBERBATCH
SAMPATH BANK
CEYLON TOBACCO COMPANY
DFCC BANK
AITKEN SPENCE
NATIONAL DEVELOPMENT BANK
C T HOLDINGS
DISTILLERIES COMPANY OF SRI LANKA
HAYLEYS PLC
CHEVRON LUBRICANTS LANKA
DIALOG AXIATA
CARGILLS (CEYLON)
LANKA ORIX LEASING COMPANY
NESTLE LANKA PLC
ASIAN HOTELS & PROPERTIES
THE LION BREWERY CEYLON
S&P SL20 INDEX
Market Trailing PER (X)
03/02/2014 03/01/2014
(LKR)
(LKR)
235.0
127.0
612.3
159.0
349.4
173.5
1,283.6
150.0
101.5
186.9
143.6
211.1
297.3
287.6
9.2
153.9
75.0
2,175.0
64.9
381.0
3,431.22
19.9
228.9
120.1
618.0
148.1
357.0
171.6
1,188.2
135.0
105.0
164.8
140.1
199.9
299.6
270.9
9.0
151.0
72.0
2,115.1
64.5
357.0
3,294.82
MoM (%)
2.7%
5.7%
-0.9%
7.4%
-2.1%
1.1%
8.0%
11.1%
-3.3%
13.4%
2.5%
5.6%
-0.8%
6.2%
2.2%
1.9%
4.2%
2.8%
0.6%
6.7%
4.1%
DPS
Trailing DY
(LKR)
(%)
12.0
11.9%
0.6
10.2%
10.0
8.2%
2.0
8.1%
0.4
8.1%
15.0
8.0%
1.3
8.0%
6.0
7.6%
1.2
7.5%
2.5
6.9%
8.5
6.8%
6.0
6.7%
6.5
6.4%
4.0
6.2%
1.0
5.7%
31/12/2013
(LKR)
227.3
120.4
619.9
147.0
350.0
171.9
1,184.4
129.0
102.3
160.5
140.1
193.0
293.0
267.8
9.0
147.0
72.6
2,100.7
64.2
359.9
3,085.33
YTD
Trailing Trailing
Change
PBV (X) PER (X)
(%)
3.4%
2.0
19.0
5.5%
1.9
11.1
-1.2%
2.3
23.6
8.2%
1.1
7.1
-0.2%
2.3
23.0
0.9%
1.0
7.5
8.4%
52.7
27.9
16.3%
1.1
12.4
-0.8%
1.4
13.2
16.4%
1.2
3.4
2.5%
1.6
18.7
9.4%
1.3
11.4
1.5%
1.0
10.4
7.4%
4.9
10.4
2.2%
1.9
14.9
4.7%
2.9
81.8
3.3%
1.7
19.6
3.5%
33.6
32.9
1.1%
1.3
11.7
5.9%
5.0
31.6
11.2%
TICKER
FLCH.N0000
LMF.N0000
RHL.X0000
CIC.X0000
AMCL.N0000
RENU.N0000
HEXP.N0000
SEYB.X0000
SDB.N0000
APLA.N0000
WATA.N0000
CIND.N0000
EDEN.N0000
CIC.N0000
COUNTER
Market
Price (LKR)
Book Value
(LKR mn)
NAVPS
(LKR)
PBV (X)
4Q
TRAILING
PER (X)
2.2
110.0
22.6
39.9
22.4
279.8
31.6
34.4
80.8
88.8
10.3
58.4
28
51.8
6,424.9
9,374.6
2,320.7
7,576.6
865.6
3,542.3
447.2
20,799.1
3,467.1
633.5
4,095.0
935.1
2,310.7
7,576.6
4.7
234.4
45.6
79.9
43.3
506.0
55.9
60.3
137.7
150.4
17.3
94.6
43.8
79.9
0.47
0.47
0.50
0.50
0.52
0.55
0.57
0.57
0.59
0.59
0.60
0.62
0.64
0.65
7.8
12.4
3.5
29.6
3.3
7.1
9.5
6.0
5.4
8.0
5.6
8.7
10.8
38.4
40.1
3,269.1
60.2
0.67
3.7
68.9
5,535.1
101.4
0.68
6.5
72.0
1,245.4
103.8
0.69
3.2
69.5
32.9
17.4
20.6
18.1
73.2
425
81.5
5,847.5
2,320.7
2,239.9
23,360.3
2,912.0
1,011.2
14,364.0
2,260.7
97.6
45.6
23.7
27.7
23.3
94.1
543.8
103.7
0.71
0.72
0.73
0.74
0.78
0.78
0.78
0.79
7.8
5.1
358.3
4.5
6.6
27.1
5.4
8.2
48
3,269.1
60.2
0.80
4.5
33.0
800
20.0
125.3
297.3
32
173.5
122
34
20.0
64.3
82.6
119.4
190
86.7
159
129
13.9
28
4,689.6
2,232.5
745.2
55,737.9
23,074.3
4,267.0
28,855.7
7,895.1
1,217.3
1,900.8
20,799.1
2,603.4
490.1
18,282.8
8,478.7
55,737.9
1,794.3
1,933.9
7,793.2
41.0
918.7
22.6
139.5
307.7
31.9
172.0
117.4
32.5
18.8
60.3
76.9
109.8
174.3
76.5
139.5
112.1
11.7
23.3
0.80
0.87
0.89
0.90
0.97
1.00
1.01
1.04
1.05
1.07
1.07
1.07
1.09
1.09
1.13
1.14
1.15
1.19
1.20
6.6
4.4
7.6
5.6
10.4
6.6
7.5
4.5
7.5
4.5
11.2
10.3
7.5
6.5
8.7
7.1
7.8
9.7
5.0
Page | 9
Name
Y/E
Rec
Share
Market
31-Jan-14
Cap.
('Mn)
Cap.
('Mn)
('Mn)
NAVPS
Earnings
P / BV
EPS
Mar'12
Mar'13
Mar'14E
Mar'15E
Dec'11
Dec'12
Dec'13E Dec'14E
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Trailing
Dec'11
Dec'12
3,084
25.51
29.00
2,087
57.08
73.94
4Q
PER
DPS
Mar'12
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'11
Dec'12
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
CFIN.N0000
CINS.N0000
Commerci a l Ba nk
COMB.N0000 D
Commerci a l Ba nk [X]
COMB.X0000
DFCC Ba nk
Buy
191.00
18,283
104.9
20,033 174.32
1.10
2,675
3,041
1,346.30
14,364
26.4
35,562 543.79
2.48
1,508
1,953
3,437
3,829
32.77
Buy
120.10
58,257
849.2
101,985
68.61
1.75
8,048
10,080
10,685
12,591
9,676
9.48
11.87
12.58
Buy
96.60
58,257
849.2
82,029
68.61
1.41
8,048
10,080
10,685
12,591
9,676
9.48
11.87
DFCC.N0000
MTB
149.70
37,196
265.1
39,685 140.31
1.07
2,900
3,523
3,453
3,915
3,210
10.94
Ha tton Na ti ona l Ba nk
HNB.N0000
Buy
156.10
55,738
399.7
62,391 139.46
1.12
6,149
8,111
9,258
11,113
8,931
Buy
125.80
55,738
399.7
50,280 139.46
0.90
6,149
8,111
9,258
10,908
75.00
21,220
475.2
35,640
44.65
1.68
2,933
1,863
6,940
82.40
1.22
1,714
1,703
2,114
36.51
29.41
46
14
79.01
57
30
7.5
6.6
23.6
18.2
14.83
11.39
46
25
18
12.7
10.1
9.5
12.58
14.83
11.39
46
25
18
10.2
8.1
13.29
13.02
14.77
12.11
(43)
21
(2)
13
13.7
15.38
20.29
23.16
27.81
22.34
28
32
14
20
10.1
8,931
15.38
20.29
23.16
27.81
22.34
1,816
6.17
3.92
3.82
28
32
14
20
(24)
(36)
2,494
1,265
24.75
24.58
30.52
36.01
18.27
68
(1)
24
HNB.X0000
LB Fi na nce
LFIN.N0000
Buy
100.20
5,707
69.3
Buy
184.50
24,757
164.7
30,386 150.32
1.23
2,706
8,854
3,533
4,286
9,030
16.43
53.76
21.45
26.03
54.83
26
227
Na ti ons Trus t Ba nk
NTB.N0000
Buy
66.50
11,207
230.6
15,335
48.60
1.37
1,534
1,951
2,211
2,625
2,052
6.65
8.46
9.59
11.38
8.90
41
Pa n As i a Ba nk
PABC.N0000
Buy
16.80
4,128
295.0
4,957
13.99
1.20
824
811
325
633
450
2.79
2.75
1.10
2.14
1.53
PLC.N0000
Buy
15.10
18,572
1,579.9
23,856
11.76
1.28
4,542
3,073
3,015
3,590
3,311
2.87
1.95
1.91
2.27
Sa mpa th Ba nk
SAMP.N0000
Buy
169.70
28,856
167.8
28,476 171.96
0.99
4,151
5,212
4,074
6,241
3,881
24.74
31.06
24.28
37.19
Seyl a n Ba nk
SEYB.N0000
64.00
20,799
345.0
22,077
60.29
1.06
1,006
2,063
1,988
2.92
5.98
LOFC.N0000
3.60
5,931
2,800.0
10,080
2.12
1.70
1,246
686
617
0.44
0.25
325,015
7,772.7
437,402
41.82
1.35
41,935
52,924
70,004
5.40
6.81
576,010
898
1,026
0.32
0.37
13
11
5.8
6.5
2.1
1.1
14.6
17.0
12.5
0.9
10.5
8.1
10.5
4.5
3.7
13.8
7.7
6.5
8.5
4.5
4.7
13.8
11.3
11.5
10.1
12.4
5.0
3.3
7.8
7.7
6.7
5.6
7.0
8.5
5.4
11.0
5.4
4.5
8.2
6.2
12.2
19.1
18
4.0
4.1
3.3
(60)
21
11.2
3.4
27
13
19
10.0
128
(2)
(60)
95
2.10
74
(32)
(2)
23.13
19
26
(22)
5.76
(17)
105
0.22
(0)
(45)
9.01
19
26
31
5.2
5.6
8.5
6.8
11.0
19.6
0.5
0.7
13.8
2.8
5.5
6.5
6.5
30.0
8.6
7.1
3.4
15.0
8.1
10.9
7.9
6.9
5.8
7.5
2.1
3.2
13.7
6.0
6.1
15.3
7.8
11.0
1.0
6.0
20.0
19
5.3
7.8
7.9
6.6
7.2
1.3
8.3
24.5
53
6.9
5.5
7.0
4.6
7.3
6.0
3.5
14.4
22.0
10.7
11.1
1.0
1.6
4.8
8.1
14.7
16.3
21.0
10.4
8.3
14
11.2
9.8
6.2
1.45
12.9
8.9
CARG.N0000
149.00
11,755
224.0
33,376
CTC.N0000
1,252.40
4,565
187.3
234,604
Di s ti l l eri es
DIST.N0000
212.40
49,925
300.0
63,720 166.42
Li on Brewery
LION.N0000
394.80
6,136
80.0
31,584
NEST.N0000
2,100.00
3,475
53.7
75,856
845.0
LTB
52.48
2.84
1,079
578
422
4.82
2.58
1.88
(1)
(46)
30.9
57.8
24.37 51.39
6,569
8,176
8,734
9,545
8,603
35.07
43.65
46.63
50.95
45.93
29
24
35.7
28.7
26.9
1.28
5,675
5,520
5,816
6,452
5,577
18.92
18.40
19.39
21.51
18.59
(30)
(3)
11
11.2
11.5
5.15
1,262
1,046
1,107
1,457
965
15.78
13.07
13.83
18.22
12.06
25
(17)
32
25.0
30.2
112,823
64.68 32.47
2,633
2,994
3,513
3,822
3,557
49.01
55.73
65.39
71.14
66.20
39
14
17
42.8
37.7
476,108
89.77
17,219
18,313
19,123
20.38
21.67
22.63
27.7
26.0
76.71
535,517
6.28
79.2
2.0
1.3
9.2
24.6
27.3
48.8
3.9
143.9
11.0
9.9
11.4
3.0
1.4
11.4
28.5
21.7
32.7
4.0
1.0
20.6
32.1
29.5
31.7
54.0
2.6
75.8
24.9
4.51
22.7
22.4
CIC.N0000
52.00
7,577
94.8
4,928
79.95
0.65
863
231
128
9.11
2.44
1.35
(7)
(73)
5.7
21.3
38.5
1.6
3.1
11.4
La nkem Ceyl on
LCEY.N0000
120.00
3,154
24.0
2,880 131.41
0.91
513
297
-226
21.39
12.36
(9.43)
(55)
(42)
5.6
9.7
-12.7
1.5
1.3
16.3
10,730
118.8
7,808
0.73
1,376
528
-99
11.59
4.44
(0.83)
(33)
(62)
5.7
14.8
-79.2
90.35
17,741
0.91
12.8
20.1
DOCK.N0000
187.10
10,477
71.9
13,445 145.80
1.28
1,804
1,977
1,079
25.10
27.51
15.01
(13)
10
7.5
6.8
12.5
10,477
71.9
13,445 145.80
1.28
1,804
1,977
1,079
25.10
27.51
15.01
(13)
10
7.5
6.8
12.5
40,193
2.55
8.0
4.3
17.2
17.2
9.7
Diversified Holdings
Ai tken Spence
SPEN.N0000
101.20
28,815
406.0
41,087
70.97
1.43
3,488
3,267
3,121
8.59
8.05
7.69
38
(6)
11.8
12.6
13.2
1.5
1.5
CT Hol di ngs
CTHR.N0000
141.00
16,707
183.1
25,817
91.25
1.55
1,159
1,150
1,407
6.33
6.28
7.68
34
(1)
22.3
22.5
18.4
0.7
0.5
6.9
CARS.N0000
346.70
30,175
196.4
68,087 153.65
2.26
7,017
4,570
2,988
35.73
23.27
15.21
55
(35)
9.7
14.9
22.8
2.0
0.6
23.3
EXPO.N0000
9.30
9,466
1,954.9
18,181
Ha yl eys
HAYL.N0000
298.00
23,074
75.0
HHL.N0000
38.80
12,849
515.3
JKH.N0000
229.40
118,674
990.2
Ri cha rd Pei ri s
RICH.N0000
6.60
8,065
1,958.1
SHL.N0000
Va l l i bel One
VONE.N0000
LTB
LTB
4.84
1.92
1,033
1,061
1,143
0.53
0.54
0.58
(33)
17.6
17.1
15.9
0.1
1.3
10.9
22,350 307.66
0.97
1,038
1,854
2,150
13.84
24.72
28.67
43
79
21.5
12.1
10.4
4.5
1.5
4.5
19,993
24.94
1.56
1,165
1,658
1,920
2.26
3.22
3.73
(4)
42
17.2
12.1
10.4
0.8
1.9
9.1
227,152 119.85
1.91
9,687
12,201
12,273
9.78
12.32
12.39
17
26
23.4
18.6
18.5
3.5
1.5
8.2
4.12
1.60
2,575
1,903
1,369
1.32
0.97
0.70
53
(26)
5.0
6.8
9.4
0.2
3.0
31.9
0.33
(42)
(38)
18.7
30.0
35.6
0.3
2.6
6.6
0.95
250
(31)
9.2
13.2
18.0
0.0
0.0
3.40
30
(1)
15.6
15.8
12,923
11.60
7,327
779.0
9,036
9.41
1.23
483
301
17.10
30,388
1,086.6
18,580
27.97
0.61
2,025
1,403
285,540
8,144.5
463,207
35.06
1.62
29,669
29,367
494,855
1,302
10,952
10,653
2,323
254
0.62
0.39
1,033
1.86
1.29
27,658
3.64
3.61
0.67
11.06
10.76
2.14
23
(10)
(3)
66
14.0
12.1
20.7
21.3
8.0
16.7
1.53
6.7
10.4
16.7
Healthcare
As i ri Hos pi ta l Hol d.
ASIR.N0000
20.00
5,831
1,099.1
21,982
5.31
3.77
609
696
930
0.55
0.63
0.85
219
14
36.1
31.6
23.6
0.5
2.5
10.4
Na wa l oka Hos pi ta l s
NHL.N0000
3.20
3,886
1,409.5
4,510
2.76
1.16
271
454
345
0.19
0.32
0.24
(75)
68
16.7
9.9
13.1
0.1
1.6
7.0
La nka Hos pi ta l s
LHCL.N0000
43.60
27,164
223.7
9,755 121.41
0.36
437
384
564
1.95
1.72
2.52
51
(12)
22.3
25.4
17.3
0.5
1.1
1.6
36,880
2,732.3
0.98
1,317
1,535
1,839
0.48
0.56
0.67
(15)
17
27.5
23.6
19.7
36,247
51,730
13.50
2.36
1,027
1,082
0.93
0.98
47
21.4
20.3
3.6
20.4
Page | 10
Name
Y/E
Rec
Share
Market
31-Jan-14
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
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Trailing
Dec'11
Dec'12
4Q
PER
DPS
Mar'12
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'11
Dec'12
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
AHUN.N0000 M
71.80
13,283
336.3
24,146
39.50
1.82
1,378
1,782
2,148
1,956
4.10
5.30
6.39
5.82
33
29
21
17.5
13.5
11.2
12.3
1.0
1.4
10.4
CONN.N0000 M
70.90
2,700
48.0
3,406
56.22
1.26
293
377
376
369
6.09
7.84
7.83
7.67
(38)
29
(0)
11.6
9.0
9.1
9.2
4.0
5.6
10.8
AHPL.N0000
64.50
21,501
442.8
28,559
48.56
1.33
2,149
2,494
2,386
2,493
2,460
4.85
5.63
5.39
5.63
5.56
21
16
(4)
13.3
11.4
12.0
11.5
11.6
4.0
6.2
10.0
Keel l s Hotel s
KHL.N0000
12.70
17,135
1,456.1
18,493
11.77
1.08
1,105
1,121
870
994
1,340
0.76
0.77
0.60
0.68
0.92
111
(22)
14
16.7
16.5
21.3
18.6
13.8
0.0
0.0
6.5
Ta j
TAJ.N0000
31.20
2,051
139.6
4,357
14.69
2.12
125
246
293
-165
0.89
1.76
2.10
(1.18)
26
97
19
34.9
17.7
14.9
-26.4
0.0
0.0
6.1
Tra ns As i a
TRAN.N0000
77.20
5,899
200.0
15,440
29.50
2.62
625
1,066
884
986
3.12
5.33
4.42
4.93
(5)
71
(17)
24.7
14.5
17.5
15.7
3.0
3.9
10.6
62,571
2,622.9
94,400
23.86
1.51
5,674
7,086
6,957
5,945
2.16
2.70
2.65
2.27
24
25
(2)
16.6
13.3
13.6
312,214
927
4.64
16.7
15.9
2.63
9.1
34.3
CLND.N0000
37.40
2,702
199.9
7,476
13.52
2.77
10
335
-90
12
72
0.05
1.68
(0.45)
0.06
0.36
(98)
3,393
(127)
113
779.4
22.3
N/A
623.0
104.4
0.0
0.0
0.4
Overs ea s Rea l i ty
OSEA.N0000
20.40
23,360
843.5
17,207
27.69
0.74
2,681
2,469
1,924
2,158
3,848
3.18
2.93
2.28
2.56
4.56
218
(8)
(22)
12
6.4
7.0
8.9
8.0
4.5
0.5
2.2
11.5
26,062
1,043.4
24,683
24.98
0.95
2,691
2,804
1,834
2,170
3,919
2.58
2.69
1.76
2.08
3.76
102
(35)
18
9.2
8.8
13.5
11.4
6.3
1.5
10.3
40,625
0.85
7.3
Manufacturing
ACL Ca bl es
ACL.N0000
68.00
5,848
59.9
4,073
97.63
0.70
485
532
534
8.10
8.88
8.91
127
10
GRAN.N0000
35.80
2,794
60.0
2,148
46.56
0.77
388
135
87
93
-94
6.46
2.24
1.45
1.55
(1.56)
(18)
(65)
(35)
LLUB.N0000
Hold
288.40
5,348
120.0
34,608
La nka Wa l l ti l e
LWL.N0000
LTB
67.80
5,535
54.6
Pi ra ma l Gl a s s
GLAS.N0000
Hold
4.40
3,490
Roya l Cera mi c
RCL.N0000
LTB
85.90
Textured Jers ey
TJL.N0000
Buy
Tokyo Cement
TKYO.N0000
Buy
8.4
7.7
7.6
1.0
1.5
8.3
5.5
16.0
24.7
23.1
-23.0
0.1
0.4
13.9
44.56
6.47
2,001
2,288
2,562
2,701
2,513
16.67
19.06
21.35
22.51
20.94
33
14
12
17.3
15.1
13.5
12.8
13.8
15.0
5.2
37.4
3,702 101.38
0.67
731
520
545
600
576
13.39
9.52
9.98
10.99
10.55
51
(29)
10
5.1
7.1
6.8
6.2
6.4
3.0
4.4
13.2
950.1
4,180
3.67
1.20
686
724
361
532
885
0.72
0.76
0.38
0.56
0.93
19
(50)
47
6.1
5.8
11.6
7.9
4.7
0.4
8.6
19.7
8,479
110.8
9,517
76.53
1.12
1,243
1,670
1,844
2,190
1,103
11.22
15.07
16.64
19.77
9.96
(14)
34
10
19
7.7
5.7
5.2
4.3
8.6
2.0
2.3
14.7
15.50
6,315
655.0
10,153
9.64
1.61
628
1,017
1,186
1,495
1,128
0.96
1.55
1.81
2.28
1.72
(8)
62
17
26
16.2
10.0
8.6
6.8
9.0
1.2
8.0
9.9
34.00
7,793
334.1
11,360
23.32
1.46
979
893
1,968
1,511
1,883
2.93
2.67
5.89
4.52
5.63
14
(9)
120
(23)
11.6
12.7
5.8
7.5
6.0
1.0
2.9
12.6
45,600
2,344.5
79,741
19.45
1.75
7,141
7,778
8,527
3.05
3.32
3.64
15
11.2
10.3
4.7
15.7
108,749
9.4
1.36
8.9
Motors
C M Hol di ngs
83.20
3,315
15.2
1,265 218.11
0.38
453
120
COLO.N0000
523.00
7,729
8.9
4,642 870.76
0.60
2,702
462
127.00
7,895
67.3
8,543 117.37
1.08
2,281
2,013
1,808
18,940
91.3
14,450 207.34
0.76
5,436
2,595
1,777
22,010
0.95
UML.N0000
-210
29.80
7.91
(13.80)
95
(73)
2.8
10.5
-6.0
3.0
3.6
13.7
179 304.36
52.06
20.19
27
(83)
1.7
10.0
25.9
10.0
1.9
35.0
33.91
29.92
26.88
153
(12)
3.7
4.2
4.7
10.0
7.9
28.9
59.51
28.41
19.46
67
(52)
2.7
5.6
8.1
5.6
28.7
10.2
Oil Palms
Buki t Da ra h
BUKI.N0000
610.00
27,684
102.0
62,220 271.41
2.25
7,299
5,042
2,649
71.56
49.43
25.97
43
(31)
8.5
12.3
23.5
3.0
0.5
26.4
27,684
102.0
62,220 271.41
2.25
7,299
5,042
2,649
71.56
49.43
25.97
43
(31)
8.5
12.3
23.5
3.0
0.5
26.4
93,843
1.82
27.2
Plantations
Ba l a ngoda
BALA.N0000
29.70
2,701
23.6
702 114.26
0.26
25
118
87
1.08
5.01
3.70
(85)
366
27.6
5.9
8.0
1.0
Hora na
HOPL.N0000
23.90
1,498
25.0
598
59.91
0.40
87
220
132
3.49
8.82
5.28
(73)
152
6.8
2.7
4.5
2.0
Kega l l e
KGAL.N0000
101.00
3,264
25.0
2,525 130.55
0.77
769
544
479
30.77
21.74
19.15
(8)
(29)
3.3
4.6
5.3
12.0
11.9
23.6
Kel a ni Va l l ey
KVAL.N0000
78.00
2,558
34.0
2,652
75.23
1.04
460
584
391
13.54
17.19
11.51
44
27
5.8
4.5
6.8
6.0
7.7
18.0
Kota ga l a
KOTA.N0000
36.70
3,187
40.0
1,468
79.67
0.46
439
517
-173
10.97
12.92
(4.32)
(34)
18
3.3
2.8
-8.5
2.5
6.8
13.8
Wa ta wa l a
WATA.N0000 M
10.10
4,095
236.7
2,390
17.30
0.58
455
680
436
1.92
2.87
1.84
(29)
49
5.3
3.5
5.5
0.5
17,302
384.3
10,335
45.02
0.60
2,236
2,664
1,352
5.82
6.93
3.52
(24)
19
4.6
3.9
7.6
24,131
0.66
0.9
5.8
11.1
12.9
7.5
LIOC.N0000
38.90
15,331
532.5
20,715
28.79
1.35
906
2,911
4,371
1.70
5.47
8.21
221
22.9
7.1
4.7
1.0
Va l l i bel
VPEL.N0000
5.90
1,994
747.1
4,408
2.67
2.21
249
289
641
0.33
0.39
0.86
(41)
16
17.7
15.2
6.9
0.6
10.2
12.5
La ugfs Ga s
LGL.N0000
32.80
6,781
387.0
12,694
17.52
1.87
822
1,061
1,484
2.13
2.74
3.83
(4)
29
15.4
12.0
8.6
1.5
4.6
12.1
24,105
1,666.6
37,817
14.46
1.57
1,977
4,261
6,496
1.19
2.56
3.90
(8)
116
19.1
8.9
43,100
1,414
1,453
3.65
3.75
33
9.0
8.7
5.9
5.8
1.41
8.2
6.0
Telecommunications
Di a l og Axi a ta
DIAL.N0000
9.40
38,620
8,143.8
76,552
4.74
1.98
5,354
6,521
5,016
0.66
0.80
0.62
22
14.3
11.7
15.3
0.3
3.5
SLTL.N0000
38.10
56,871
1,804.9
68,765
31.51
1.21
4,781
5,329
4,774
2.65
2.95
2.65
21
11
14.4
12.9
14.4
0.9
2.2
95,491
9,948.6
145,317
9.60
1.52
10,135
11,850
9,790
1.02
1.19
0.98
13
17
14.3
12.3
14.8
145,317
0.00
1.52
13.9
8.4
10.6
14.8
Trading
Browns
BRWN.N0000 M
90.40
14,064
70.9
3.39
(79)
5.5
26.7
11.0
0.5
0.6
8.3
4,875
125.2
11,294
38.94
2.32
661
10.11
9.09
8.21
5.28
(47)
90.20
240
1,138
16.43
SINS.N0000
1,164
1,266
582
90
(10)
8.9
9.9
17.1
6.0
6.7
26.0
18,939
196.1
17,701
96.59
0.93
2,431
1,378
1,242
12.40
7.03
6.34
(15)
(43)
7.3
12.8
14.2
6,407 198.43
22,601
1,081,193 38,085.0 1,920,879
2,586,035
0.46
0.99
28.39
1.78
1.77
12.8
17.1
138,340 150,101 162,109 183,183 161,302
3.63
3.94
4.26
4.81
4.24
17
13
13.9
12.8
11.8
10.5
11.9
14.1
12.8
Page | 11
Dimantha Mathew
dimantha.mathew@equity.softlogic.lk
+94 11 7277030
Dihan Dedigama
dihan.dedigama@equity.softlogic.lk
+94 11 7277010, +94 77 7689933
Kavindu Ranasinghe
kavindu.ranasinghe@equity.softlogic.lk
+94 11 7277031
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
Eardley Kern
l.kern@equity.softlogic.lk
+94 11 7277053, +94 77 7348018
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
The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled
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