Weekly

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

BRS Market Report

Week IV : 25th - 29th Jan 2016

65, Braybrooke Place, Colombo 2, Sri Lanka research@bartleetreligare.com +94 11 5220200

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

The Week at a Glance

SL Market Indices
Current
Week

ASPI

6,340.05

Previous
Week

6,382.24

Change
(Points)

%
Change

-42.19

-0.66%

Current
Week

S&P SL20

The market continues to slide WoW

The indices kept declining for the week with Thursday being the solitary exception. The resistance we saw last week was reduced to a clear short lived
bounce. On a WoW basis, the benchmark ASPI closed 42.19 points lower,
while S&P SL20 index declined 13.35 points to close at 6,340 and 3,302
points respectively.

Previous
Week

3,302.01

3,315.36

Cumulative turnover drops to LKR 2.27bn

The overall activity in the market lacked excitement compared to the previous week, as the cumulative market turnover recorded only LKR 2.27bn, resulting in the average daily turnover to plummet 40% WoW to LKR 453mn.
Pre negotiated deals accounted for ~25% of the cumulative turnover, while a
total of 106mn shares changed hands during the course of the week.
Foreigners net sellers for eight weeks straight
Foreigners continued to exit CSE with big Foreign Institutional Investors hit
by global bond woes leaving frontier equities. The weekly net foreign outflow
was LKR 469mn. We believe smaller, less liquid markets like the CSE are less
impacted by the capital flight in comparison.

%
Change

-13.35

-0.40%

Global Market Indices

Current
Week
DOW JONES

JKH dominates market turnover while Banks continue to decline

Conglomerate JKH recorded the highest turnover for the week, contributing
~27% to market turnover. The majority of it was actively traded, while a
~0.82mn share block changed hands on Thursday at LKR 153. The stock lost
LKR 3.50 (-2.2% WoW) to close at LKR 154.60. The negotiated deal that took
place on the BFI counter CRL allowed the stock to follow the cumulative turnover rankings. Selling pressure on banking sector still continues, amidst regulatory impact and concerns on forward NIMs and foreign selling. Majority of
the counters in the sector closed flat. SAMP posted the highest turnover for
the sector, gaining LKR 3.40 (+1.4% WoW) to close at LKR 238.50 for the
week.

Change
(Points)

Previous
%
Week Change

16,069.64

15,882.68

1.18%

NASDAQ

4,506.68

4,472.06

0.77%

FTSE

5,987.85

5,894.94

1.58%

DAX

9,741.31

9,771.11

-0.30%

NIFTY

7,534.70

7,420.45

1.54%

HANG SENG

19,683.11

19,080.51

3.16%

NIKKEI

17,518.30

16,958.53

3.30%

CSE Market Statistics

Current Week
Turnover LKR

2,265,092,345

Volume Shares

105,682,701

Foreign Purchases LKR

584,469,421

Foreign Sales LKR

1,053,842,387

Net In/Outflow LKR

(469,372,966)

All Share Price Index

6,500
6,450
6,400

SL FX Rates

6,354.83
6,350

Current
Value

Previous
Week

USD

146.10

146.02

0.05%

POUND

210.40

208.21

1.05%

EURO

160.55

159.06

0.94%

YEN

1.239

1.240

-0.08%

6,316.46

6,300

6,340.05

6,322.87

6,319.89

6,250
6,200
25-Jan-16

26-Jan-16

27-Jan-16

28-Jan-16

29-Jan-16

%
Change

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

The Week at a Glance

Weekly Summary
MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

All Share Index

6,354.83

6,322.87

6,316.46

6,319.89

6,340.05

S&P SL 20 Index

3,298.66

3,278.15

3,275.42

3,279.77

3,302.01

Equity Turnover (LKR)

374,062,141

341,337,819

613,909,578

548,441,770

387,341,037

Domestic Purchases (LKR)

286,520,287

237,999,871

582,045,571

241,454,026

332,603,169

Domestic Sales (LKR)

276,040,050

241,787,712

167,821,759

227,528,244

298,072,193

Foreign Purchases (LKR)

87,541,854

103,337,947

31,864,008

306,987,744

54,737,868

Foreign Sales (LKR)

98,022,091

99,550,106

446,087,819

320,913,526

89,268,845

Vol of Turnover

15,466,259

39,631,376

29,923,453

10,636,385

10,025,228

% Vol of Foreign Turnover

9.8%

35.3%

17.2%

18.1%

8.4%

Total no. of Trades

3,389

3,498

2,997

3,578

4,421

% of Foreign Trades

5.8%

5.0%

6.3%

7.0%

5.0%

2,712,579,633,754

2,699,323,530,557

2,696,585,961,052

2,698,047,800,855

2,706,655,822,236

Market Capitalization (LKR)

Foreign Purchases vs Sales

Net Position on Foreign Holdings

LKR mn

LKR mn

500

100

450
0

400
350

-100

300
-200

250
200

-300

150
100

-400

50
-500

0
25-Jan-16

26-Jan-16

27-Jan-16

Foreign Purchases

28-Jan-16

29-Jan-16

25-Jan-16

26-Jan-16

27-Jan-16

28-Jan-16

29-Jan-16

Foreign Sales

WEEKLY CSE ANNOUNCEMENTS

Dividend
Company

CODE

DPS (LKR)

Final/Interim

XD

PD

Pan Asia Banking Corporation PLC

PABC

0.50

Final

01.04.2016

11.04.2016

Company

CODE

Proportion

Price

Bogawantalawa Tea Estate PLC

BOGA

1 for 1

Capitalization of Reserves

0. 46495456

XR
Subject to approval

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

The Week at a Glance

Top 5 Sector Gainers & Losers
3.2%
2.5%

IT sector emerged as
the top sector loser
during the week

1.8%

S&S

TRD

1.1%

1.0%

TEL

C&E

F&T

IT

INV

DIV

C&P

-2.2%

-1.9%

OIL

-1.6%

-3.5%
-5.2%

Sector Multiples
SECTOR

BFI

BEV

C&P

C&E

DIV

F&T

HLT

H&T

INV

IT

PER (x)

10.1

20.0

15.9

20.0 17.3

N/A

28.7 129.1

9.8

N/A

9.7

18.5

9.6 123.1 30.0

9.3

56.2

14.6 15.1

8.9

PBV (x)

1.3

4.7

1.4

1.2

1.2

2.6

0.8

1.1

0.9

2.6

1.0

1.3

1.9

1.3

1.1

1.6

4.4

L&P MFG MTR

OIL

2.7

PLT

0.6

P&E SERV S&S TELCO TRD

1.4

Weekly Crossings
Code

No of Crossings

Monday

Total Shares

Price (LKR)

NONE

Tuesday

AAF

25,000,000

1.50

Wednesday

CRL

8,240,626

45.00

JKH

815,621

153.00

CTC

32,869

972.70

Crossings contributed to ~25% of

turnover for the
week

Thursday
Friday

NONE

Abbreviations
B A NK S FINA NCE & I NSURANCE

B FI

CHE M I CA LS & P HA RM A

C&P

DIV E RSIFI E D

DIV

HE A LT HCA RE

HLT

INV E ST M E NT T RUST

B E V E RA GE FOOD & T OB A CCO

B FT

CONST RUCT ION & E NG

C&E

FOOT WE A R & T E X T ILE S

F&T

HOT E LS A ND T RA V E L

H&T

IT

IT

LA ND A ND P ROP E RT Y

L&P

M OT ORS

MTR

P LA NT A T I ONS

P LT

SERV I CE S

SRV

T E LE CO

T EL

M A NUFA CT URI NG

M FG

OI L P A LM S

OIL

P OWE R A ND E NE RGY

P &E

ST ORE S A ND SUP P LIE S

S&S

T RA DING

T RD

I NV

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

BRS Stocks in Focus

MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Banks, Finance & Insurance

CFIN

225.10

-11.03%

-11.03%

34.64

6.50

N/A

N/A

3.50

1.55%

231.84

0.97

CINS

1,350.00

-9.13%

-9.13%

96.46

14.00

N/A

N/A

20.00

1.48%

666.72

2.02

CINS(X)

779.90

-2.51%

-2.51%

96.46

8.09

N/A

N/A

20.00

2.56%

666.72

1.17

COMB

127.10

-9.34%

-9.34%

13.01

9.77

N/A

N/A

6.50

5.11%

76.00

1.67

COMB(X)

117.80

-4.23%

-4.23%

13.01

9.05

N/A

N/A

6.50

5.52%

76.00

1.55

DFCC

150.10

-10.71%

-10.71%

16.46

9.12

N/A

N/A

6.00

4.00%

180.72

0.83

HASU

65.70

-11.93%

-11.93%

8.35

7.87

N/A

N/A

3.75

5.71%

42.99

1.53

HNB

196.80

-6.55%

-6.55%

24.50

8.03

N/A

N/A

8.50

4.32%

164.72

1.19

HNB(X)

175.60

-1.29%

-1.29%

24.50

7.17

N/A

N/A

8.50

4.84%

164.72

1.07

NTB

77.90

-9.73%

-9.73%

10.31

7.56

N/A

N/A

2.10

2.70%

63.78

1.22

NDB

170.00

-12.42%

-12.42%

20.72

8.20

N/A

N/A

11.00

6.47%

170.70

1.00

SAMP

238.50

-3.83%

-3.83%

31.35

7.61

35.33

6.75

11.00

4.61%

207.35

1.15

SEYB

87.00

-8.42%

-8.42%

9.21

9.45

N/A

N/A

2.50

2.87%

74.88

1.16

SEYB(X)

65.90

-9.73%

-9.73%

9.21

7.16

N/A

N/A

2.50

3.79%

74.88

0.88

JINS

16.00

-8.57%

-8.57%

2.92

5.48

N/A

N/A

1.00

6.25%

11.59

1.38

CTC

973.00

-1.96%

-1.96%

46.01

21.15

62.65

15.53

39.50

4.06%

39.57

24.59

DIST

217.90

-11.42%

-11.42%

24.58

8.86

22.20

9.82

3.25

1.49%

208.92

1.04

NEST

2,048.70

-0.04%

-0.04%

70.49

29.06

85.86*

23.86

68.50

3.34%

84.43

24.27

CIC

96.00

-4.29%

-4.29%

8.04

11.94

11.80*

8.14

3.00

3.13%

80.08

1.20

CIC(X)

79.50

-2.09%

-2.09%

8.04

9.89

11.80*

6.74

3.00

3.77%

80.08

0.99

138.50

-7.73%

-7.73%

4.05

34.20

14.67

9.44

3.00

2.17%

156.65

0.88

CARS

319.60

-7.66%

-7.66%

15.77

20.27

0.72*

443.89

1.00

0.31%

209.49

1.53

HAYL

290.80

-5.40%

-5.40%

34.42

8.45

30.72*

9.47

6.00

2.06%

398.30

0.73

HHL

84.40

-9.15%

-9.15%

3.74

22.57

3.66*

23.06

1.10

1.30%

35.55

2.37

JKH

154.60

-13.19%

-13.19%

11.37

13.60

11.61

13.32

3.50

2.26%

126.29

1.22

SPEN

84.50

-12.62%

-12.62%

6.60

12.80

3.84*

22.01

1.50

1.78%

50.75

1.67

SUN

53.30

0.19%

0.19%

3.97

13.43

3.56

12.80

0.95

1.78%

40.78

1.31

SUN

53.30

0.19%

0.19%

3.97

13.43

2.91

12.80

0.95

1.78%

16.55

1.31

Beverage, Food & Tobacco

Chemicals & Pharmaceuticals

Construction & Engineering

DOCK

Diversified

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,
bonuses and share consolidations.
2 * Annualized EPS
3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend
4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

BRS Stocks in Focus

MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Healthcare
CHL

91.30

-9.78%

-9.78%

8.13

11.23

N/A

CHL(X)

72.50

-3.33%

-3.33%

8.13

8.92

N/A

AHPL

51.40

-13.03%

-13.03%

3.74

13.74

AHUN

60.00

-11.76%

-11.76%

5.68

CONN

61.20

-8.25%

-8.25%

EDEN

16.10

-8.00%

KHL

13.70

PALM

N/A

2.70

2.96%

96.28

0.95

N/A

2.70

3.72%

96.28

0.75

2.87

17.91

4.00

7.78%

53.00

0.97

10.56

N/A

N/A

1.50

2.50%

50.96

1.18

4.78

12.80

N/A

N/A

5.00

8.17%

64.67

0.95

-8.00%

(5.04)

N/M

N/A

N/A

0.00%

40.23

0.40

-11.04%

-11.04%

1.28

N/M

1.22

11.23

1.82%

14.39

0.95

35.20

-7.61%

-7.61%

(14.63)

N/M

N/A

N/A

0.00%

74.66

0.47

SHOT

30.00

-9.37%

-9.37%

1.83

16.39

N/A

N/A

0.00%

18.87

1.59

STAF

48.00

-8.57%

-8.57%

5.28

9.09

N/A

N/A

1.00

2.08%

42.38

1.13

ACL

112.00

-7.36%

-7.36%

14.35

7.80

10.00

11.20

1.00

0.89%

123.39

0.91

KCAB

120.50

-6.01%

-6.01%

14.78

8.15

16.00*

7.53

1.50

1.24%

126.56

0.95

LLUB

313.80

-8.78%

-8.78%

22.85

13.73

25.68

12.22

20.00

6.37%

52.12

6.02

LWL

96.60

-12.02%

-12.02%

19.12

5.05

20.72

4.66

4.00

4.14%

125.32

0.77

TJL

32.90

-7.32%

-7.32%

2.03

16.21

2.09

15.74

1.30

3.95%

13.03

2.52

RCL

103.80

-6.65%

-6.65%

18.97

5.47

18.08

5.74

5.00

4.82%

67.21

1.54

TKYO

39.20

-20.00%

-20.00%

5.40

7.26

6.00

6.53

0.00%

30.81

1.27

TKYO(X)

35.00

-11.39%

-11.39%

5.40

6.48

6.00

5.83

0.00%

30.81

1.14

DIAL

10.20

-4.67%

-4.67%

0.74

13.78

0.96*

10.63

0.13

1.27%

5.93

1.72

SLTL

40.00

-14.89%

-14.89%

2.81

14.23

3.72*

10.75

0.89

2.23%

36.66

1.09

AGAL

17.60

-14.15%

-14.15%

(23.58)

N/M

N/A

N/A

0.00%

21.23

0.83

KGAL

60.00

-9.77%

-9.77%

7.89

7.60

N/A

N/A

3.33%

102.24

0.59

KOTA

16.00

-10.11%

-10.11%

(11.05) N/M

N/A

N/A

0.00%

50.94

0.31

KVAL

67.40

-3.71%

-3.71%

(1.91) N/M

N/A

N/A

1.00

1.48%

74.80

0.90

MAL

2.90

-14.71%

-14.71%

(0.77) N/M

N/A

N/A

0.03

0.86%

72.81

0.24

WATA

20.00

-17.70%

-17.70%

1.72

11.63

N/A

N/A

0.50

2.50%

18.75

1.07

TPL

30.00

-5.06%

-5.06%

7.62

3.94

N/A

N/A

3.00

10.00%

68.13

0.44

LIOC

32.00

-13.75%

-13.75%

(1.23)

N/M

N/A

N/A

1.00

3.13%

32.65

0.98

HPWR

23.30

-6.80%

-6.80%

1.76

13.24

2.00*

11.65

0.00%

15.52

1.50

Hotels & Travels

0.25

Manufacturing

Telecommunications

Plantations
2.00
-

Power & Energy

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,
bonuses and share consolidations.
2 * Annualized EPS
3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend
4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

Week IV : 25th - 29th Jan 2016

BRS Weekly Market Report

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Wellawatta

(011)5633733

upul@bartleetreligare.com

(041)2232985 (041)2234926

thilina@bartleetreligare.com
samith@bartleetreligare.com

(038)5678617

duminda@bartleetreligare.com

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responsible for any errors that may be found herein. We further disclaim all responsibility for any loss or damage which may be suffered by any person
relying upon such information or any options, conclusions or recommendations herein whether that loss or damage is caused by any fault or negligence
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