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26th July 2013

Volume 30

Weekly Review by Asia Wealth Management Research

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;
Large caps dominate trading activity amidst low turnover
levels

ASI Daily Closing

The bourse remained relatively flat over the four trading


days with high level of fluctuation being witnessed in the first and
third day of the week.

Pg 02

(ASI)
6,100

(LKR mn)
800

6,080

700

6,060

600

6,040

500

6,020

400

6,000

300

5,980

Colombo Bourses Billion Rupee Club


Table below shows the members who have
qualified to be a part of Asia Wealth Researchs Billion Rupee
Club.
Pg 03
Analysis of Various Warrants Listed on CSE

Pg 04

Commodity Prices

Pg05

Foreign interest persists whilst bourse shows volatile


movements
the week
Major
Priceduring
Movements
The week opened the floor for trading activities on
a positive note; however, it failed to sustain the positive trend
as the bench mark index ASI........
Pg07

Major Price Movements


Company
Chilaw Finance

5,960

200

5,940

100

5,920

8- 9- 10- 11- 12- 15- 16- 17- 18- 19- 23- 24- 25- 26Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul
Turnover

ASI closing

Market Statistics
All Share Index
S&P SL20 Index
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)

26-Jul
6,051.77
3,427.87
13,217.24
18,706.59
1,983.53
3,293.01
159.66
3,089.13
2,328.90
17.69
1,393.50
10.59
348.40
56.70
408.50
144.40

19-Jul
6,041.06
3,409.16
13,113.40
18,973.70
1,956.83
3,302.61
159.66
3,109.81
2,324.80
17.67
2,754.80
20.94
551.00
92.50
1,325.90
465.70

% Chg.
0.2
0.5
0.8
-1.4
1.4
-0.3
0.0
-0.7
0.2
0.1
-49.4
-49.4
-36.8
-38.7
-66.8
-69.0

Large Trades
Price
15.1

+/-LKR
2.2

+/- %
17.1

Company
Dialog Axiata

Volume
9,102,382.00

Ceylinco Insurance (NV)

425

45

11.8

Asiri Hospital Holdings

5,455,522.00

Citizens Development Business Finance (NV)

34.5

3.4

10.9

Textured Jersey Lanka

3,887,472.00

Access Engineering

2,440,882.00

Richard Pieris

2,104,501.00

Pc House

1,572,212.00

Chilaw Finance

1,465,296.00

Panasian Power

1,425,599.00

Lanka Ioc

1,327,780.00

Expolanka Holdings

1,211,043.00

Ceylinco Insurance
Vidulanka
Namunukula Plantations
Pc Pharma

1,299.9

104.9

8.8

3.8

0.3

8.6

75.7

-8.7

-10.3

1.5

-0.2

-11.8

Beruwela Walk Inn

75

-10

-11.8

Pch Holdings

1.3

-0.3

-18.8

Seylan Merchant Bank (NV)

0.3

-0.1

-25.0

Weekly Review by Asia Wealth Management Research

26 July 2013

Highlights for the week


Large caps dominate trading activity amidst low turnover levels
The ASI gained 10.7 points WoW to close at 6,051.8 points (+0.2%), whilst the S&P SL20 Index gained 18.7 points WoW
to close at 3,427.9 points (+0.6%). Indices benefited mainly on the back of gains made by John Keells Holdings (+3.4%
WoW), Ceylinco Insurance (+8.8% WoW), Bukit Darah (+2.5% WoW), Dialog Axiata (+2.3% WoW) and Aitken
Spence Hotel Holdings (+4.3% WoW).
The bourse remained relatively flat over the four trading days with high level of fluctuation being witnessed in the first and
third day of the week. The activities of both high net worth and retail investors remained relatively dry during the week,
which is indicated by the average weekly turnover falling 36.8% WoW to circa LKR 348 million from LKR 551 million in
the previous week. Furthermore, the average daily volume of shares traded plunged 23% WoW to 14.2 million shares from
18.5 million in the previous week indicating that the weeks trading activity was largely dominated by interest in large cap
counters.
This is to say that the risk appetite of the investors during the week remained notably low and trading was mainly
performed with long to medium term investment motives. The fluctuation of the LKR against major trading currencies
would have caused the investors reserved approach to trading during the week. It is interesting to note in this regard that
despite the significant foreign inflows recorded into treasury securities over the past two weeks the LKR still faced pressure
to depreciate against the USD.
Further, monetary authorities decided to keep policy rates at current levels considering the stabilization of the balance of
payments position of the economy and the expected moderation in inflation. Further, prospects of the world economy still
seems to be bleak especially given that the European Union is still to enter a recovery phase. Given that the Euro area
accounts for circa 25% of the worlds incremental nominal GDP, the continued recessionary conditions in the region is
bearing on the prospect of the rest of the key economies in the world such as the U.S. and China. In this light the Central
Bank of Sri Lanka in its monetary policy review for July 2013 stated that the developments in the advanced economies will
be carefully observed to adopt an appropriate monetary policy mix going forward given that weaker world economy could
prove to be a damper in revitalizing external demand for Sri Lankas exports.
Meanwhile, John Keels Holdings emerged as the top contributor to the turnover adding 16.3% to the total turnover during
the week while Sampath Bank, Dialog Axiata and Asiri Hospital Holdings together contributed 17.8%. Long term
buying interest as well as retail trading interest was witnessed on John Keels Holdings providing a lucrative sphere of
trading.
The week saw foreign purchases amounting to LKR 408.5 mn whilst foreign sales amounted to LKR 144.4 mn. Market
capitalisation stood at LKR 2,328.9bn and the YTD performance is 7.2%.

A member of Asia Capital Group

26th July 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

Price

JOHN KEELLS HOLDINGS


COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
NDB
DIALOG TELEKOM
CEYLON TOBACCO
HNB [V]
HNB [NV]
DISTILLERIES
BUKIT DARAH
SRI LANKA TELECOM
SAMPATH BANK
CARSON CUMBERBATCH
DFCC BANK
NESTLE LANKA
AITKEN SPENCE
PEOPLES LEASING
CENTRAL FINANCE
OVERSEAS REALTY
LANKA IOC
ASIAN HOTEL & PROPERTIES
CHEVRON LUBRICANTS
ACCESS ENGINEERING LIMITED
TAPROBANE HOLDINGS
SEYLAN BANK [V]
SEYLAN BANK [NV]
UNITED MOTORS
NATIONS TRUST BANK
CEYLON GUARDIAN
COLOMBO DOCKYARD
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
CEYLON COLD STORES
RICHARD PIERIS
LOLC
HAYLEYS
AIT. SPENCE HOTEL HOLD.
ASIRI SURGICAL
LB FINANCE
ROYAL CERAMICS
HEMAS HOLDINGS
CEYLON TEA SERVICES
DIPPED PRODUCTS
VALLIBEL ONE LIMITED
CEYLON INVESTMENT
CEYLON THEATRES
JOHN KEELLS HOTELS
COMMERCIAL LEASING & FINANCE
TRANS ASIA
LAUGFS GAS
LAUGFS GAS [NV]
EXPOLANKA HOLDINGS
LION BREWERY
TEXTURED JERSEY

269.00
116.10
95.00
167.90
8.80
980.10
154.00
112.00
190.20
699.90
40.30
202.00
419.90
129.00
1,915.00
124.90
14.30
181.50
18.50
25.00
68.60
316.00
21.00
4.90
65.00
35.50
110.20
63.20
189.00
218.00
1,299.90
425.00
165.00
7.00
58.00
302.00
72.00
10.10
118.00
97.40
33.30
651.90
117.50
18.10
87.30
145.00
13.20
3.90
78.70
26.20
21.90
6.60
380.00
13.10

Trailing
ROE
13.6%
17.9%
17.9%
37.6%
22.0%
222.7%
15.3%
15.3%
11.2%
15.8%
8.8%
17.1%
11.6%
12.5%
112.2%
11.6%
15.8%
18.9%
13.2%
22.3%
11.5%
52.8%
19.1%
77.3%
11.0%
11.0%
27.3%
19.9%
13.6%
19.5%
13.8%
13.8%
20.9%
23.9%
9.3%
8.3%
13.8%
50.6%
32.0%
19.9%
13.6%
18.1%
20.7%
4.5%
14.4%
8.7%
6.9%
13.6%
17.6%
16.4%
16.4%
11.7%
17.7%
17.7%

BVPS
104.8
62.4
62.4
139.2
4.8
19.5
128.2
128.2
164.6
312.2
31.1
166.7
176.7
106.1
57.2
69.1
12.2
153.6
26.6
24.5
49.0
37.8
12.5
4.0
57.3
57.3
109.6
43.9
179.1
141.5
537.6
537.6
96.5
4.1
42.0
299.5
38.4
6.5
76.9
75.8
23.6
395.7
114.3
28.6
88.7
72.2
11.2
1.2
30.3
16.8
16.8
4.6
73.9
8.8

3
A member of Asia Capital Group

Net Profit
12,201.1
9,462.2
9,462.2
8,624.1
8,536.4
8,152.0
7,814.9
7,814.9
5,519.7
5,042.4
4,960.0
4,773.4
4,013.8
3,523.2
3,446.1
3,266.8
3,045.0
3,041.1
2,954.5
2,908.8
2,494.3
2,396.4
2,382.2
2,258.4
2,165.5
2,165.5
2,012.9
2,011.5
2,002.4
1,983.4
1,960.3
1,960.3
1,915.7
1,902.7
1,862.6
1,855.0
1,782.0
1,738.4
1,702.7
1,670.4
1,657.7
1,435.0
1,417.9
1,403.5
1,258.8
1,149.7
1,121.0
1,068.2
1,065.7
1,060.8
1,060.8
1,060.7
1,045.9
1,016.6

Trailing
EPS
14.2
11.1
11.1
52.4
1.0
43.5
19.6
19.6
18.4
49.4
2.7
28.5
20.4
13.3
64.1
8.0
1.9
29.0
3.5
5.5
5.6
20.0
2.4
3.1
6.3
6.3
29.9
8.7
24.4
27.6
74.2
74.2
20.2
1.0
3.9
24.7
5.3
3.3
24.6
15.1
3.2
71.8
23.7
1.3
12.8
6.3
0.8
0.2
5.3
2.7
2.7
0.5
13.1
1.6

Trailing
PE

PBV

18.9
10.4
8.5
3.2
8.4
22.5
7.9
5.7
10.3
14.2
14.7
7.1
20.5
9.7
29.9
15.5
7.4
6.3
5.3
4.6
12.2
15.8
8.8
1.6
10.4
5.7
3.7
7.2
7.7
7.9
17.5
5.7
8.2
7.2
14.8
12.2
13.6
3.1
4.8
6.5
10.4
9.1
5.0
14.0
6.8
23.1
17.1
23.3
14.8
9.6
8.0
12.2
29.1
8.4

2.6
1.9
1.5
1.2
1.8
50.2
1.2
0.9
1.2
2.2
1.3
1.2
2.4
1.2
33.5
1.8
1.2
1.2
0.7
1.0
1.4
8.4
1.7
1.2
1.1
0.6
1.0
1.4
1.1
1.5
2.4
0.8
1.7
1.7
1.4
1.0
1.9
1.6
1.5
1.3
1.4
1.6
1.0
0.6
1.0
2.0
1.2
3.2
2.6
1.6
1.3
1.4
5.1
1.5

Mkt Cap
Mn
230,736.9
92,195.1
5,181.6
27,652.0
71,665.2
183,596.0
49,094.5
8,960.5
57,060.0
71,389.8
72,735.9
33,886.9
82,462.9
34,197.6
102,884.3
50,708.9
22,592.0
19,036.3
15,604.5
13,313.2
30,374.4
37,920.0
21,000.0
3,591.5
11,438.5
5,998.9
7,412.8
14,574.4
15,516.3
15,665.2
25,998.0
2,726.2
15,681.6
13,706.6
27,561.6
22,650.0
24,212.9
5,337.4
8,172.3
10,790.9
17,159.2
13,038.0
7,033.7
19,666.7
8,600.3
26,549.1
19,221.1
24,873.1
15,740.0
8,777.0
1,138.8
12,902.4
30,400.0
8,580.5

Weekly Review by Asia Wealth Management Research

26th July 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
(2013/07/26)
74.20
74.20
14.10
14.10
18.20

Warrant Price
Expiry Date
(2013/07/26)
25-Aug-14
25-Aug-15
24-Feb-14
24-Feb-15
15-Jun-15

4
A member of Asia Capital Group

2.10
2.10
1.00
1.90
2.20

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

Undervalued/
(Overvalued)
(2.10)
(2.10)
(1.00)
(1.90)
(2.20)

26th July 2013

Weekly Review by Asia Wealth Management Research

Commodity Prices
Date as at

Brent Crude Oil (USD/barrel)

05.07.13

12.07.13

19.07.13

26.07.13

WoW %
change

105.8

107.7

108.8

107.7

-1.0%

METALS
Gold (USD/ounce)

1,245.0

1,283.1

1,290.0

1,337.5

3.7%

Copper LME (USD/ton)

6,950.0

6992.0

6,905.0

6,997.0

1.3%

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)

03.07.13
435.38
02.07.13
376.50
05.07.13
130.61
168.44
196.40
1.30
21.30

11.07.13
N/A
11.07.13
390.00
12.07.13
130.85
171.15
198.67
1.32
21.32

17.07.13
445.17
18.07.13
390.00
19.07.13
131.62
172.69
200.50
1.31
21.43

22.07.13
449.47
23.07.13
415
26.07.13
131.65
174.79
202.58
1.33
21.46

WoW % change
1.0%
WoW %
change
6.4%
WoW % change
0.02%
1.2%
1.0%
1.5%
0.1%

Source: Bloomberg, AFP, Reuters, CBSL, RDDSL, Asia Siyaka

OIL
Crude oil prices witnessed a slight WoW dip as data out of the U.S indicated that the number of jobless claims rose to
343,000 for the week which is above analyst expectations of 340,000 which raises the possibility of a slowdown in
demand. Further, daily oil production in the U.S rose for the 5th consecutive week, negating the fears of an oil shortage
arising from the turmoil in the Middle East. Analysts expect limited upside potential for crude oil prices in the absence of
an escalation of tensions in the gulf region with oil futures for September delivery traded on the London based ICE ending
the week flat at USD107.7/barrel.

5
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

26th July 2013

Commodity Prices
Gold
Gold prices continued to trend upwards for the week as analysts fear that the mixed performance of economic indicators in
the U.S may signal a slower than expected rebound in economic growth for 2Q2013. Gold prices also rose subsequent to
the announcement made by several large gold producers such as Gold Corp that they would delay investments in gold
exploration and capacity expansion in lieu of the net earnings losses recorded for the 2Q2013. However, analysts expect
growth in the price of the yellow metal to slowdown subsequent to the policy decision taken by India; the largest importer
of gold to restrict gold imports. Hence gold futures for December delivery traded on the Comex remained in
backwardation settling at USD1,323.1/ounce by the end of the week.

Copper
Copper prices rose by 1.3% WoW despite the slowdown in Chinas manufacturing activity which reached a 11-month low
as indicated by the Purchasing managers index (PMI) for the month of July. The slight rebound in copper prices may be
due to Chinas decision to cut its copper and iron ore production capacity which would tighten global supply of the red
metal. However analysts at Goldman Sachs are sceptical of coppers future prospects and have included the red metal in
its list of least preferred commodities for the year.

Forex Markets
The Dollar index which tracks the greenbacks performance against 16 developed market peers has declined for the third
consecutive week on analyst expectations that the U.Ss economic growth for 2Q2013 may be lower than expected. The
Japanese Yen trended upwards whilst Asian stocks recorded a WoW dip in performance as the Yens appeal as a safe
haven asset rose. Analysts expect the Euro and the New Zealand Dollar to be amongst the worst performers for the year as
a result of possible tapering of Federal Reserves monetary stimulus.
Source: Bloomberg, AFP, Reuters, Eurostat

6
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

26th July 2013

Conclusion
Foreign interest persists whilst bourse shows volatile movements during the week
The week opened the floor for trading activities on a positive note; however, it failed to sustain the positive trend as
the bench mark index ASI witnessed volatility during mid week whilst it managed to gather momentum during the
last trading day of the week. Turnover and volumes traded fluctuated within a thin band as the week witnessed only
few crossings. Counters such as John Keells Holdings, Aitken Spence, Sampath Bank and Asiri Hospital
witnessed crossings during the week. Local investors participation remained relatively low, however few selected
counters such as Textured Jersey, Dialog Axiata, Chevron Lubricants and Commercial Bank witnessed foreign
interest throughout the week which facilitated the YTD net foreign inflow to be over LKR 16bn.
Further, CBSLs press release regarding the countrys external sector performance for the month of May came into
the market end of last week. According to CBSL, the inflows for the first five months of 2013 by way of tourism
earnings, worker remittance, government securities and commercial banks borrowings have seen a YoY growth,
whilst net foreign inflow through CSE too made commendable contribution. Meanwhile, as per the data released, the
gross official reserves stood at USD6.6bn at the end of May despite witnessing some major out flows such as IMFs
SBA principal payment, foreign debt service payment etc. However, the export earnings for the first five months
declined 6.6% YoY, whilst the expenditures on imports fell 9.4% YoY. In addition, during the month of May,
earnings from apparel which constitutes c. 40% of the total export earnings was up by 2% YoY, whilst gold imports
went up by c. 44% on the back declining gold prices. Moreover, according to the Monetary board, credit growth to
the private sector increased during May 2013 in response to the recent policy rate cut which is an encouraging sign,
whilst state borrowings witnessed a dip during the month. On the back of these positive trends, the Monetary board
decided to maintain the policy rates steady.
Even though countrys macro economic factors show some signs of improvement, local investors response towards
it remains low. As the bourse awaits the corporate earnings for 2QCY2013, we urge investors to align their portfolios
towards a mid-long term time horizon with stocks which are likely to deliver strong earnings growth rather than
focusing on a short term investment horizon which tends to increase the risk of equity investments.

7
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

26th July 2013

Focus on Investment Key Buys


Manufacturing
X LKR 21.10

35

LKR

Tokyo Cement
N LKR 26.40

33
31

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.

29

27
25
23
TKYO

LKR

21

23
22
21
20
19
18
17

TKYOX

16

130

Banking & Finance


X LKR 95.00

LKR

Commercial Bank
N LKR 116.10

Commercial Bank is the largest private sector commercial bank with an


asset base of LKR512.2 bn as at Dec 2012, and operates with above 550
ATM points, which is also the largest single network in the country.
With the expected drop in interest rates in the economy consequent to the
cut in policy rates and lifting of 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 COMB as a mid to longer term investment.

125
120
115
110
105
100
95

COMB

90

LKR

105

100
95
90

85
80

75
70
65

8
A member of Asia Capital Group

COMBX

Weekly Review by Asia Wealth Management Research

26th July 2013

Focus on Investment Contd...


Banking & Finance
X- LKR 112.00

180

LKR

Hatton National Bank


N-LKR 154.00

170
160

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.

150
140
130
HNB
120

140
LKR

130
120
110
100
90
HNBX

CIC Holdings
N LKR 62.00

LKR

80

Chemicals & Pharmaceuticals


X LKR 43.00

95
90

85
80
75

CIC is considered as the only seed to shelf agricultural company in Sri


Lanka.The Company also has foot prints in consumer and
pharmecuitical industries, Paints, Industrial raw material and Packaging.
Acquisition of dairy farms in north & east region coupled with CICs
plans to expand overseas will strengthens companys earnings in the
medium to long term.

70
65
60

CIC

LKR

55

70
65
60
55
50
45
40

9
A member of Asia Capital Group

CICX

Weekly Review by Asia Wealth Management Research

26th July 2013

Peopless Leasing & Finance


N LKR 14.30

Banking & Finance

LKR

Focus on Investment Contd...

14

12
11
10

PLC

LKR

Banking& Finance

13

248
228

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.

208
188
168

SAMP
148
128

Diversified

LKR

John Keells Holdings


N LKR 269.00

16
15

Largest specialized leasing company in Sri Lanka is a subsidiary of


Peoples Bank- the 2nd largest commercial bank inthe country, a
holding.Principal business activity of PLC is the provision of finance
leasing, operating leasing, HP facilities etc...During 2012 most of the
finance companies enjoyed much demand for loans, due to credit ceiling
imposed on LCBs. However the ceiling was lifted from the beginning
of 2013, yet we believe that the prjected decline in interest rates would
create more avenues for RFCs. PLC achieving the finance company
licenses, have opened opportunities to collect public deposits and
minimise cost of funds, where the company was earlier depending on
more borrowings. Going by these, we believe PLC is a medium to long
term healthy investment to consider.

Sampath Bank
N LKR 202.00

17

LB Finance
Banking & Finance
N LKR 118.00
.0 Finance is a leading registered finance company engaged in
LB
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.

LKR

The sustained performance of the group during FY13 inspite of its high
exposure to macro economic shocks is a testament to the firms
commitment towards value creation whilst maintaining a healthy
balance sheet.Going forward, with the growth in GDP, per capita
income and the increase in tourist arrivals we anticipate the consumer
retail and the leisure sector to perform admirably.

JKH

180
170
160
150
140
130
120
110
100

10
A member of Asia Capital Group

310
290
270
250
230
210
190
170
150

LFIN

Weekly Review by Asia Wealth Management Research

26th July 2013

Focus on Investment Contd...


7.5

Manufacturing

LKR

Piramal Glass
N LKR 5.90

6.5

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.

5.5
5

Diversified

Aitken Spence, after an illustrious tenure of over 100+ years of


operations in Sri Lanka is today one of the most-recognized brand
names in Sri Lanka. Led by a competent management team, the group
has made successful investments into a number of key sectors of the
Sri Lankan economy, including Tourism, Logistics, power generation
and inward money transfer operations. The firm has consistently
recorded a growth in operating profit from core operations and has
maintained a high ROE resulting in value creation to shareholders.

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.

SPEN

24

22
20
18
16
AEL
14

11
A member of Asia Capital Group

145
140
135
130
125
120
115
110
105
100

Construction
LKR

Access Engineering
N LKR 21.00

GLAS

4.5

LKR

Aitken Spence
N LKR 124.90

26th July 2013

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements


As at 26th July 2013
Dividends announcements

Company

Dividend
Per share
(LKR)

Final/ Interim

XD Date

Payment
Date

Peoples Leasing & Finance PLC

0.50

Final

19-07-2013

30-07-2013

Sigiriya Village Hotels PLC

2.00

First & Final

19-07-2013

30-07-2013

Central Finance Company PLC

1.20

Final

23-07-2013

31-07-2013

Textured Jersey Lanka PLC

0.58

Final

24-07-2013

01-08-2013

Chevron Lubricants Lanka PLC

3.00

Second Interim

24-07-2013

02-08-2013

Sunshine Holdings PLC

0.50

Final

25-07-2013

02-08-2013

Richard Pieris Exports PLC

0.40

Interim

25-07-2013

02-08-2013

12.00

Interim

25-07-2013

02-08-2013

Namunukula Plantations PLC

9.00

Interim

25-07-2013

02-08-2013

Agstar Fertilizers PLC

0.10

Final (Voting &Non Voting)

26-07-2013

05-08-2013

Colombo Investment Trust PLC

1.00

First & Final

29-07-2013

06-08-2013

York Arcade Holdings PLC

0.40

First & Final

29-07-2013

06-08-2013

Vallibel one PLC

0.70

Interim

30-07-2013

07-08-2013

Vallibel Power Erathna PLC


Ceylon Guardian Investment Trust
PLC

0.20

Interim (Tax free)

30-07-2013

08-08-2013

2.50

First & Final

31-07-2013

08-08-2013

Ceylon Investment PLC

1.75

First & Final

31-07-2013

08-08-2013

Senkadagala Finance PLC

1.20

Final

31-07-2013

08-08-2013

Kelani Cables PLC

1.50

Interim

31-07-2013

12-08-2013

Carson Cumberbatch PLC

2.00

First & Final

01-08-2013

12-08-2013

Ceylon Tea Services PLC

10.00

Final

01-08-2013

12-08-2013

Vidullanka PLC

0.05

Final

01-08-2013

12-08-2013

Central Industries PLC

3.00

Final

05-08-2013

14-08-2013

Ceylon Leather Products PLC

1.00

First & Final

05-08-2013

14-08-2013

Colombo Fort Investments PLC

1.00

First & Final

06-08-2013

15-08-2013

Merchant Bank of Sri Lanka PLC


Tokyo Cement Company
(Lanka)PLC

0.50

First & Final

06-08-2013

15-08-2013

1.00

First & Final (Voting &Non Voting)

12-08-2013

21-08-2013

Dankotuwa Porcelain PLC

0.40

Final

12-09-2013

20-09-2013

Elpitiya Plantations PLC

0.50

First & Final

27-09-2013

07-10-2013

Kelani Tyre

1.65

Interim

05-08-2013
15-08-2013
To be Notified

Colonial Motors PLC

3.00

Orient Finance PLC

0.20

First & Final


First & Final (The dividend is subject
to tax)

Chilaw Finance PLC

0.50

First & Final

Kegalle Plantations PLC

To be Notified
To be Notified

12
A member of Asia Capital Group

26th July 2013

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements Contd...


Rights issues
Company

Proportion / Issue Price

Pelwatte Sugar

01 for 04 @ LKR18.00

Hotel Services (Ceylon) Plc

03 for 08 @ LKR 10.00

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.

15-08-2013

03-09-2013

26-08-2013

Capitalization of reserves
Company
Tokyo Cement ( Voting &non voting)

Proportion
1 for 10

XC Date
12-08-2013

13
A member of Asia Capital Group

Consideration price
LKR 17.35

Weekly Review by Asia Wealth Research

26 July 2013

Valuation Guide
Company

YE SH M.CAP Price
(mn) (Bn)

Earnings(LKR Mn)
FY10

FY11

FY12

FY13

EPS
FY14E FY10 FY11 FY12

PE
FY13 FY14E FY10 FY11 FY12 FY13

FY14E

DPS

DY

ROE

BVPS

PBV

FINANCIAL SERVICES
HNB

Dec

318.80

49.1

154.00

4,786.8 6,148.8

8,111.0

10,003.5

11,625.6

12.0

15.4

20.3

25.1

29.2

12.8

10.0

7.6

6.1

5.3

8.50

5.5%

16%

129.4

1.2

HNB(NV)

Dec

80.00

9.0

112.00

4,786.8 6,148.8

8,111.0

10,003.5

11,625.6

12.0

15.4

20.3

25.1

29.2

9.3

7.3

5.5

4.5

3.8

8.50

7.6%

16%

129.4

0.9

Commercial Bank

Dec

794.10

92.2

116.10

5,508.0 8,094.7

10,079.8

10,179.2

12,351.5

6.5

9.5

11.9

12.0

14.6

17.9

12.2

9.8

9.7

8.0

6.50

5.6%

19%

62.4

1.9

Commercial Bank(NV)

Dec

54.54

5.2

95.00

5,508.0 8,094.7

10,079.8

10,179.2

12,351.5

6.5

9.5

11.9

12.0

14.6

14.6

10.0

8.0

7.9

6.5

6.50

6.8%

19%

62.4

1.5

Sampath Bank

Dec

167.76

33.9

202.00

3,484.5 4,150.6

5,342.6

5,759.8

7,026.0

20.8

24.7

31.8

34.3

41.9

9.7

8.2

6.3

5.9

4.8

6.00

3.0%

20%

162.2

1.2

NDB Bank

Dec

164.69

27.7

167.90

2,102.6 2,705.5

8,853.8

3,997.5

4,973.1

12.8

16.4

53.8

24.3

30.2

13.2

10.2

3.1

6.9

5.6

15.00

8.9%

36%

151.1

1.1

John Keells Hold.

Mar

857.76

230.7

269.00

5,201.5 8,245.6

9,775.0

12,201.1

12,425.0

6.1

9.6

11.4

14.2

14.5

44.4

28.0

23.6

18.9

18.6

3.50

1.3%

14%

104.7

2.6

Aitken Spence Hold.

Mar

406.00

50.7

124.90

2,059.6 2,536.0

3,709.2

3,266.8

5,089.4

5.1

6.2

9.1

8.0

12.5

24.6

20.0

13.7

15.5

10.0

1.50

1.2%

12%

69.1

1.8

Distilleries

Mar

300.00

57.1

190.20

2,135.7 8,124.0

5,675.4

5,519.7

8,918.3

7.1

27.1

18.9

18.4

29.7

26.7

7.0

10.1

10.3

6.4

0.0%

11%

164.6

1.2

Ceylon Tobacco

Dec

187.32

183.6

980.10

5,097.1 6,568.8

8,176.7

8,097.4

8,083.5

27.2

35.1

43.7

43.2

43.2

36.0

27.9

22.5

22.7

22.7

45

4.6%

239%

18.2

53.8

Asian Hotels & Properties

Mar

442.78

30.4

68.60

629.8 1,774.5

2,150.6

2,494.3

2,617.7

1.4

4.0

4.9

5.6

5.9

52.7

18.7

14.1

12.2

11.6

4.00

5.8%

11%

49.0

1.4

Aitken Spence Hotel

Mar

336.29

24.2

72.00

523.8 1,034.1

1,395.3

1,782.1

1,747.0

1.6

3.1

4.1

5.3

5.2

46.2

23.4

17.4

13.6

13.9

1.00

0.0%

14%

38.4

1.9

Chevron Lubricants

Dec

120.00

37.9

316.00

1,501.3 2,000.6

2,257.3

2,583.5

2,678.2

12.5

16.7

18.8

21.5

22.3

25.3

19.0

16.8

14.7

14.2

11.00

3.5%

55%

34.4

9.2

Tokyo (V)

Mar

202.50

5.3

26.40

369.3

855.7

973.2

827.9

1,505.0

1.2

2.8

3.2

2.7

5.0

21.7

9.4

8.2

9.7

5.3

0.0%

12%

22.1

1.2

Tokyo (NV)

Mar

101.25

2.1

21.10

369.3

855.7

973.2

827.9

1,505.0

1.2

2.8

3.2

2.7

5.0

17.4

7.5

6.6

7.7

4.3

0.0%

12%

22.1

1.0

Piramal Glass

Mar

950.09

5.6

5.90

(61.1)

578.7

686.4

724.4

948.2

(0.1)

0.6

0.7

0.9

1.0

N/A

9.7

8.2

6.3

5.9

0.38

6.4%

20%

3.8

1.5

CHEMICAL &
PHARMACEUTICAL
CIC Holdings (V)

Mar

72.90

4,519.8

62.00

589.6

926.6

916.5

230.9

1,405.2

6.2

9.8

9.7

2.4

14.8

10.0

6.3

6.4

25.4

4.2

1.63

2.6%

3%

81.9

0.8

CIC Holdings (NV)

Mar

21.87

940.4

43.00

589.6

926.6

916.5

230.9

1,405.2

6.2

9.8

9.7

2.4

14.8

6.9

4.4

4.4

17.6

2.9

1.63

3.8%

3%

81.9

0.5

CONGLOMERATES

FOOD & BEVERAGE

TOURISM

MANUFACTURING

.
POWER & ENERGY
Laugfs Gas (Voting)

Mar

335.00

8.8

26.20

243.1

852.7

930.3

1,060.8

1,299.2

0.6

2.2

2.4

2.7

3.4

41.7

11.9

10.9

9.6

7.8

1.50

5.7%

16%

19.4

1.4

Laugfs Gas (Non voting)

Mar

52.00

1.1

21.90

243.1

852.7

930.3

1,060.8

1,299.2

0.6

2.2

2.4

2.7

3.4

34.9

9.9

9.1

8.0

6.5

1.50

6.8%

16%

17.5

1.3

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

14
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

26 July 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(%)
0.18
0.79

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

116.10
95.00
129.00
154.00
112.00
63.20
167.90
18.10
202.00
65.00
35.50
38.00
17.90

(0.51)
(0.95)
(0.85)
1.32
2.56
1.93
0.67
(2.16)
2.59
1.09
-

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

23.00 (1.29)
930.00 (0.43)
99.40
181.50 (0.17)
8.80
58.00
3.39
118.00 (2.98)
15.80 (1.86)
13.10
0.77
0.80
14.29
0.30 (25.00)
13.20 (5.93)
4.00 (2.44)
29.00 (9.38)
31.00
80.60
0.88
12.50 (0.79)
17.10 (8.06)
14.30
2.88

Price Performance
1M(%) 1Q(%)
(0.98)
(0.87)

1.66
(2.71)

1Y(%)

Shares Trailing
Mn
ROE

22.62
27.30

13.22%
15.73%

1.40
1.13
18.95
(0.95) (0.42)
22.69
(6.59) (9.86)
18.26
(4.47) (5.41)
14.93
(5.25) (11.81)
24.44
0.95
3.25
36.27
2.34 (1.72)
53.65
(4.74) (13.81)
10.37
(1.27) (6.44)
32.44
(3.43) (7.44)
23.95
(1.93) (6.58)
34.47
(5.00) (14.03) (26.92)
2.87 (5.79)
31.62
(10.89)
2.07
(4.33)
(0.49)
(1.12)
(3.82)
(7.78)
(4.24)
(7.75)
(25.00)
(2.31)
(6.98)
(7.05)
(4.47)
10.25
(3.85)
(10.00)
-

(15.19)
14.67
8.04
1.17
(7.37)
0.70
(7.13)
(13.66)
(7.09)
(20.00)
(40.00)
(19.11)
(27.27)
15.08
0.34
3.46
(9.42)
6.88
5.93

(27.07)
52.46
17.08
39.41
12.82
45.11
2.00
(30.40)
5.65
(20.00)
(25.00)
(44.30)
(20.00)
(12.12)
1.70
3.07
10.62
(26.61)
27.68

15
A member of Asia Capital Group

794.10
54.54
265.10
318.80
80.00
230.61
164.69
295.04
167.76
175.98
168.98
64.71
349.25
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

17.87%
17.87%
12.52%
15.29%
15.29%
19.89%
37.62%
18.73%
17.07%
10.95%
10.95%
1.48%
3.34%
13.68%
na
26.65%
15.95%
18.88%
na
9.33%
31.95%
1.44%
na
7.87%
7.87%
na
na
12.66%
31.21%
8.76%
12.41%
8.95%
19.33%

BVPS

62.41
62.41
106.14
128.19
128.19
43.85
139.21
13.86
166.66
57.32
57.32
37.54
14.31
7.21
826.66
97.64
153.59
1.85
42.01
76.94
21.50
12.40
0.52
0.52
-34.41
-34.41
32.23
22.56
128.72
11.47
12.81
11.86

Net Profits
4 Qtrs
trailing

Mar13

Dec12

197,090.60 53,026.05
68,426.88 12,335.75
39,343.47 7,566.77
9,462.15 2,256.05
9,462.15 2,256.05
3,523.25 1,226.63
7,814.90 1,262.19
7,814.90 1,262.19
2,011.46
501.93
8,624.13
506.89
765.86
151.45
4,773.44 1,055.90
2,165.54
509.51
2,165.54
509.51
36.00
38.43
166.73
57.79
16,200.61 3,363.04
(627.32) (240.79)
535.34
150.45
69.49
20.94
3,041.11
703.25
(173.82)
5.64
1,862.55
171.58
1,702.67
466.10
41.79
(2.29)
(89.27)
(25.71)
74.51
17.77
74.51
17.77
(1,611.16) (349.08)
(1,611.16) (349.08)
152.87
64.76
292.52
91.26
71.00
13.99
235.42
57.03
30.86
26.70
130.20
30.58

64,311.55
29,068.30
15,680.20
2,433.00
2,433.00
795.10
3,168.72
3,168.72
455.50
6,797.20
259.38
1,313.80
454.56
454.56
(7.80)
10.74
3,187.29
(101.30)
147.63
20.00
756.28
2.03
513.84
442.40
6.92
(27.97)
19.00
19.00
(510.40)
(510.40)
32.78
72.60
15.30
63.04
1.23
27.88

Net Profits (mn)


Sep12
Jun12
48,205.01
13,656.25
7,943.94
2,303.20
2,303.20
819.13
1,676.38
1,676.38
566.53
678.77
195.40
1,044.53
589.19
589.19
0.01
70.79
5,095.89
(145.25)
144.21
10.38
796.33
(81.05)
605.22
429.15
30.48
1.28
27.83
27.83
(357.76)
(357.76)
55.33
66.92
31.19
61.19
3.94
71.12

32,257.34
11,514.28
8,152.55
2,469.90
2,469.90
682.38
1,707.60
1,707.60
487.50
641.28
159.63
1,359.21
612.27
612.27
5.36
27.42
2,651.62
(139.98)
110.77
18.18
785.24
(100.43)
656.84
432.96
6.67
(36.87)
9.91
9.91
(393.92)
(393.92)
61.74
59.43

Trailing Trailing
EPS
PE

PBV Market Cap


(mn)

11.82
9.28

1.56 2,328,942.10
1.46

11.15
11.15
13.29
19.60
19.60
8.72
52.36
2.60
28.45
6.28
6.28
0.56
0.48

10.4
8.5
9.7
7.9
5.7
7.2
3.2
7.0
7.1
10.4
5.7
68.3
37.5

1.9
1.5
1.2
1.2
0.9
1.4
1.2
1.3
1.2
1.1
0.6
1.0
1.3

92,195.15
5,181.61
34,197.60
49,094.53
8,960.51
14,574.38
27,651.96
5,340.24
33,886.91
11,438.53
5,998.90
2,459.00
6,251.58

na
220.31
15.57
29.00
na
3.92
24.58
0.31
na
0.04
0.04
na
na
4.08
7.04
11.28
1.42
1.15
2.29

na
4.2
6.4
6.3
na
14.8
4.8
51.0
na
19.4
7.3
na
na
7.1
4.4
7.1
8.8
14.9
6.2

3.2
1.1
1.0
1.2
4.8
1.4
1.5
0.7
1.1
1.5
0.6
-0.4
-0.1
0.9
1.4
0.6
1.1
1.3
1.2

2,530.00
2,259.90
443.57
19,036.32
2,199.57
27,561.60
8,172.34
2,133.00
884.25
953.41
184.22
765.15
400.00
1,086.16
1,288.07
507.45
2,066.67
460.56
812.25

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

1.50
98.90
1299.90
425.00
311.40
50.10
95.30
13.70

6.67
(0.10)
6.20
11.84
0.03
(3.15)
0.74

(4.44)
21.48
19.72
3.42
(3.47)
(4.12)
1.48

19.01
27.10
25.00
(5.29)
(4.57)
(0.31)
14.17

(5.88)
14.34
68.61
28.83
13.57
19.29
6.12
38.38

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

487.50
19.20
36.00

(0.51)
1.58
5.88

(1.12)
2.12
2.86

0.49
48.46
-

65.14
96.94
29.03

42.50
34.50
50.00
2.00
15.10
12.10
2200.00
20.00
3.00
31.50
1.20
380.00
18.10
8.70
5.60
21.90
14.30
1.90
14.50
80.00
3.90
598.80

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.19
(10.53)
26.87
(2.73)
(16.62) (1.23)
18.89
- 150.00
(5.00)
(20.83) (44.12) (68.85)
18.60
15.04
53.00
5.52
(3.97)
(7.63) (6.92) (14.18)
(1.00)
(7.48) (30.77) (9.17)
(3.23) (11.76) (9.09)
0.96
(2.76) (5.37) (17.66)
(7.69)
(36.84) (55.56) (69.23)
5.56
(1.30) (1.30)
11.76
(1.63)
(2.16) (0.55) (33.46)
1.16
27.94
55.36
7.69
(5.08) (9.68) (5.08)
1.86
(4.78)
15.87
8.42
0.70
(2.72)
0.70
32.41
(4.76)
(13.04) (20.00) (23.08)
5.84
2.84 (5.23) (15.70)
2.56
12.36
16.45 (4.88)
2.56
(2.44) (16.67)
33.33
(0.03) (14.46)
-

16
A member of Asia Capital Group

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
17.80%
55.32
17.80%
55.32
36.69%
29.49
9.24%
0.92
9.97%
10.08
48.74%
6.12
11.05% 1898.30
na
16.65
12.65%
1.94
8.34%
12.01
na
4.48
24.43% 111.35
2.47%
8.10
5.46%
5.29
na
5.90
18.49%
22.43
15.83%
12.18
9.98%
1.33
21.05%
6.92
9.77% 149.38
13.63%
1.23
5.95%
14.87

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

13.31%
7.17%
13.80%
13.80%
18.24%
20.74%
23.77%
30.24%

0.99
45.24
537.64
537.64
136.93
35.79
46.50
8.85

32.90 135.22%
101.25 21.46%
50.00 17.56%

158.25
18.73
20.73

26 July 2013

Net Profit
4Qtrs
534.77
534.77
577.42
42.47
34.09
710.10
630.79
(78.86)
686.28
37.03
(330.44)
152.54
7.76
29.09
(225.76)
136.85
3,045.00
73.99
168.48
367.29
1,068.23
19.89

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

5,252.78
131.50
121.60
1,960.30
1,960.30
749.10
371.11
947.47
971.70
7,630.02
7,041.20
406.85
181.97

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
71.65
12.42
270.32
416.78
(13.68)
543.10
27.55
(31.16)
37.07
5.77
12.26
(172.30)
56.55
806.00
36.00
88.62
65.36
594.70
15.12

Profits
Jun'12
97.04
97.04
136.29

394.71
10.36

490.68
17.08
(25.82)
109.16
109.16
99.99
54.89
71.61
163.77
219.43
145.90
33.95
39.59

160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13

0.41
36.73
5.99

710.00

111.65

Trailing Trailing PBV Mkt Cap Mn


EPS
PE
9.85
4.3
0.8
1,967.72
9.85
3.5
0.6
276.21
10.82
4.6
1.7
2,668.40
0.08
23.5
2.2
1,000.00
1.01
15.0
1.5
511.91
2.98
4.1
2.0
2,880.70
209.84
10.5
1.2
6,613.20
1.12
na
1.2
449.24
0.25
12.2
1.5
8,400.00
1.00
31.5
2.6
1,165.50
0.00
na
0.3
100.11
27.20
14.0
3.4
2,131.17
0.20
90.4
2.2
701.67
0.29
30.1
1.6
876.24
-0.93
na
0.9
1,675.52
4.15
5.3
1.0
722.70
1.93
7.4
1.2
22,592.03
0.13
14.4
1.4
1,063.00
1.46
10.0
2.1
1,676.56
14.59
5.5
0.5
2,014.03
0.17
23.3
3.2
24,873.07
0.88
677.2 40.27
13,473.00

0.13
2.11
74.21
74.21
24.97
7.42
11.05
2.68

11.8
46.8
17.5
5.7
12.5
6.8
8.6
5.1

1.5
2.2
2.4
0.8
2.3
1.4
2.0
1.5

1,500.00
3,708.75
25,998.00
2,726.15
9,342.00
2,505.00
8,168.57
4,973.10

213.99
4.02
3.64

2.3
4.8
9.9

3.1
1.0
1.7

16,041.15
1,944.00
1,800.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.41)
(1.98)
11.77
43.93
(1.74)
(3.36) (8.89)
8.16
(0.92)
(4.65)
5.19
14.16
(8.09)
1.21
6.25
83.45
(5.71)
1.85
19.31
33.06
(0.08)
(0.08) (0.08) (1.74)
(1.94)
(0.95)
21.48
44.13
(3.23)
(7.69) (15.89) (63.56)
4.29
4.94
2.41 (50.15)
1.37
6.56 (3.35)
28.27
1.12
(2.31)
11.88
59.97
9.44
9.50 (8.70) (6.89)
(6.25)
(7.86) (6.52) (22.10)
2.42
(3.73)
32.86
55.00
(1.30)
(8.43)
2.70
82.52
(1.50)
(1.17)
6.31
27.02
(0.79)
(1.43)
6.23
59.39
(0.27)
(2.60) (13.43) (31.25)
2.56
(4.76) (4.76) (6.98)
(13.08)
(16.60) (12.55)
3.35
(4.35)
(4.35) (12.00) (12.00)
(2.65)
(6.78) (16.03) (16.03)

BEVERAGE FOOD AND TOBACCO


BAIRAHA FARMS
CARGILLS
CEYLON BREWERY
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

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

(3.26)
73.60 (4.17)
62.00 (0.48)
43.00 (0.69)
199.20 (2.83)
219.00
1.86
340.00 (5.03)
210.00 (0.66)
140.50 (6.27)
63.00
2.61
1.40
451.00 (6.43)
1.50 (11.76)

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

218.00
5.70
29.50
21.00

136.60
162.00
510.00
165.00
651.90
980.10
18.00
17.00
207.80
190.20
2189.90
64.50
46.50
380.00
118.00
1,915.00
37.40
4.00
43.20
2.20
11.00

1.31
(0.91)
(3.33)
(0.67)
3.45

Shares Trailing
Mn
ROE
21.38%
16.00 9.35%
224.00 7.44%
20.99 17.24%
95.04 20.88%
20.00 18.13%
187.32 222.73%
89.77 3.34%
4.77 3.34%
2.75 25.53%
300.00 11.18%
0.96 10.78%
25.50 5.35%
31.40 15.68%
80.00 17.70%
40.00 4.55%
53.73 112.20%
23.55
na
561.75 10.09%
30.00 10.63%
282.21 4.56%
66.43 7.63%

2.48
1.52
(18.42)
(24.56)
34.50
(32.62)
85.29
80.88
10.20
18.64
(17.65)
(9.80)
(88.00)

1.17
4.14
19.05
(1.36)
0.41
14.74
(9.38) (14.71) (14.71)
(5.14)
13.46
13.90
4.48
6.06
24.26

(4.53)
(10.13)
(6.06)
(9.47)
4.79
(4.78)
(3.13)
0.10
(6.89)
(3.96)
(6.67)
(17.97)
(59.46)

3.35
(3.16)
3.33
(6.52)
9.45
(12.08)
88.89
83.41
(8.35)
(14.86)
(12.50)
(6.04)
(75.00)

17
A member of Asia Capital Group

BVPS

26 July 2013

106.11
34.64
146.27
96.54
395.67
19.54
23.69
23.69
132.29
164.60
992.94
62.65
23.80
73.88
218.34
57.17
32.82
3.32
26.86
2.72
7.68

Net Profit
4Qtrs
23,735.40
158.793
577.54
529.15
1,915.72
1,435.05
8,152.00
74.92
74.92
92.87
5,519.70
102.75
85.55
117.19
1,045.91
397.47
3,446.13
(263.03)
188.04
85.66
35.06
38.94

-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
6,377.65
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
198.72
30.62
20.02
25.54

Profits
Jun'12
6,001.66
50.08
245.79
151.14
250.90
427.46
2,405.00
36.79
36.79
(0.17)
1,461.80
19.49
15.23
27.34
313.42
43.98
784.17
(254.68)

6.78%
15.75
na
72.90 2.98%
21.87 2.98%
29.71 21.19%
0.67 2.61%
5.81 7.99%
1.74 7.99%
24.00 6.65%
5.54
na
283.00 15.62%
1.50 14.97%
101.00
na

79.51
81.88
81.88
148.67
134.79
266.04
266.04
185.81
53.51
0.60
199.08
1.59

1,554.73
(34.43)
230.93
230.93
935.99
2.35
160.45
160.45
296.70
(13.87)
26.55
44.70
(94.64)

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

127.64
(6.14)
(17.32)
(17.32)
179.15
0.55
25.17
25.17
(72.66)
(3.21)
8.74
13.37

16.41%
71.86 19.50%
60.00
na
114.36 7.11%
1000.00 19.10%

141.55
11.43
33.89
12.47

4,464.51
1,983.37
(176.67)
275.59
2,382.23

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

420.13
450.98
18.04
(48.89)

23.92

Trailing Trailing
EPS
PE
20.34
9.92
13.8
2.58
62.8
25.21
20.2
20.16
8.2
71.75
9.1
43.52
22.5
0.79
22.7
0.79
21.5
33.77
6.2
18.40
10.3
107.05
20.5
3.35
19.2
3.73
12.5
13.07
29.1
9.94
11.9
64.14
29.9
na
na
0.33
11.9
2.86
15.1
0.12
17.7
0.59
18.8

PBV Mkt Cap Mn


4.35
1.3
4.7
3.5
1.7
1.6
50.2
0.8
0.7
1.6
1.2
2.2
1.0
2.0
5.1
0.5
33.5
1.1
1.2
1.6
0.8
1.4

2,185.60
36,288.00
10,703.93
15,681.60
13,038.00
183,596.01
1,615.89
81.15
571.45
57,060.00
2,101.87
1,644.75
1,460.10
30,400.00
4,719.76
102,884.26
880.58
2,247.00
1,296.00
620.86
730.72

na
2.44
2.44
31.50
3.52
21.25
21.25
12.36
na
0.09
29.80
na

12.84
na
25.4
17.6
6.3
62.2
16.0
9.9
11.4
na
14.9
15.1
na

0.87
0.9
0.8
0.5
1.3
1.6
1.3
0.8
0.8
1.2
2.3
2.3
0.9

1,159.20
4,519.80
940.41
5,918.71
145.98
1,974.82
365.92
3,372.00
349.07
396.20
676.50
151.50

27.60
na
2.41
2.38

9.04
7.9
na
12.2
8.8

1.48
1.5
0.5
0.9
1.7

15,665.25
342.00
3,373.54
21,000.00

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
CEYLON THEATRES
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
FREE LANKA CAPITAL 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

124.90
419.90
145.00
32.60
309.90
302.00
33.30
269.00
12.60
7.00
33.20
9.30
6.60
2.60
18.10
2.80
1.30
4.90

FOOTWEAR AND TEXTILES


CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

74.20
9.60
23.00
22.10

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

68.60
12.40
94.80
11.30
275.00
27.40
78.70

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.36
1.40
2.59
20.03
0.16
(3.92)
2.38
13.55
(1.20)
(3.52) (5.75) (6.69)
3.50
0.63
11.29
7.25
(1.21)
(2.10) (11.41)
26.36
12.57
13.52
0.32
23.17
(1.40)
1.31
0.67
(0.60)
(3.48)
15.63
47.35
3.08
6.65
7.20
44.71
(6.67)
(10.64)
9.57
43.18
(1.41)
1.45
1.45
1.45
(0.90)
(3.77)
14.48
32.80
(6.06) (14.68) (5.10)
(1.52)
(5.80) (5.80)
8.33
(7.41)
(3.85) (10.71)
19.05
(0.55)
2.86
25.87
(3.45)
(6.67) (20.00) (3.45)
(13.33)
(58.06) (72.92) (89.92)
4.26
2.08
32.43
0.15
(3.01)
(4.00)
3.49
2.30

0.48 (4.68)
0.13 (14.81)
(1.03) (4.95)
6.28
9.22
0.45 (0.89)

2.77
(6.90)
18.52
(5.95)
(1.77)

(0.29)

(3.58)

(0.66)

(2.14)
(2.44)
1.83
0.81
(2.14)
(1.13)

(0.58) (2.00) (13.29)


(5.51) (11.11) (11.76)
(6.72) (31.90) (22.92)
1.56
14.30
36.83
(6.80) (2.14)
7.03
(2.84) (5.64)
12.59

(5.26)

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.22%
406.00 11.65%
196.39 11.57%
183.10 8.70%
180.00 9.69%
35.00 6.62%
75.00 8.26%
515.29 13.64%
857.76 13.57%
123.00 12.57%
1958.09 23.94%
133.83 16.85%
779.00 3.75%
1954.92 11.68%
1368.00 8.85%
1086.56 4.52%
1860.00
na
252.00
na
732.95 77.27%

69.10
176.65
72.20
36.47
158.05
299.45
23.59
104.78
10.37
4.06
28.04
10.32
4.65
4.72
28.58
5.70
5.53
3.99

-3.29%
2.92%
na
na
3.45%

88.43
10.17
35.51
16.76

(329.77)
88.37
(499.69)
(75.77)
157.32

49.00
2.28
na
5.57
325.61
16.69
30.27

8,665.62
3,818.96
2,494.30
220.41
na
(448.71)
266.08
221.16
1,065.72

34.23
152.34
25.00
272.13

BVPS

7.91%
442.78
500.83
45.23
176.00
7.00
139.64
200.00

11.50%
19.27%
na
na
11.67%
9.49%
17.61%

26 July 2013

Net Profit
4Qtrs
Mar'13
33,100.83 11,696.96
3,266.84 1,193.17
4,013.75 2,408.60
1,149.70
388.39
635.91
78.68
365.93
85.12
1,855.02
490.84
1,657.66
590.54
12,201.08 5,232.99
160.43
132.00
1,902.72
330.59
632.13
145.24
301.17
11.98
1,060.66
277.51
571.16
224.70
1,403.46
242.33
(98.53)
(53.62)
(236.63) (142.00)
2,258.36
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
7,131.66
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
203.23
796.53
21.70
(52.17)
26.68

Profits
Jun'12
4,201.60
640.57
(93.01)
196.16
180.99
89.88
219.08
334.33
1,658.72
(9.59)
445.54
184.14
71.01
283.79

(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

(60.71)
27.38
(41.65)
(46.45)

3,864.31
1,286.21
896.80
-5.26

2,346.98
1,111.11
622.66
209.00

-106.80
33.10
25.97
442.40

(138.90)
82.10
87.46
248.79

1,964.18
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40

551.82
268.53
406.75
(323.10)
na
(96.74)
104.28
23.20
154.14

Trailing Trailing
EPS
PE
15.68
8.05
15.5
20.44
20.5
6.28
23.1
3.53
9.2
10.46
29.6
24.73
12.2
3.22
10.4
14.22
18.9
1.30
9.7
0.97
7.2
4.72
7.0
0.39
24.1
0.54
12.2
0.42
6.2
1.29
14.0
na
na
na
na
3.08
1.6

2.58
na
na
0.58

5.63
0.44
na
na
38.01
1.58
5.33

PBV Mkt Cap Mn


1.76
1.8
2.4
2.0
0.9
2.0
1.0
1.4
2.6
1.2
1.7
1.2
0.9
1.4
0.6
0.6
0.5
0.2
1.2

50,708.91
82,462.87
26,549.10
5,868.00
10,846.50
22,650.00
17,159.18
230,736.92
1,549.76
13,706.61
4,443.04
7,244.70
12,902.44
3,556.80
19,666.72
5,208.00
327.60
3,591.45

na
28.7
na
na
38.2

1.06
0.8
0.9
0.6
1.3

2,540.15
1,462.50
575.00
6,014.06

16.90

1.34

12.2
28.2
na
na
7.2
17.3
14.8

1.4
5.4
na
2.0
0.8
1.6
2.6

30,374.39
6,210.29
4,287.44
1,988.80
1,925.00
3,826.07
15,740.00

Weekly Review by Asia Wealth Research

Company

Year
End

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

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

72.00
4.35
80.90
18.00 (2.70)
17.40 (2.79)
82.80
1.85
75.00 (10.71)
34.00
75.50 (5.03)
49.50 (6.60)
8.10 (2.41)
13.20
42.70
0.23
58.10
0.17
18.50 (2.63)
1300.00
36.50
0.83
18.20 (4.21)
32.00
65.00
3.06
37.70
5.90
60.00
2.04
25.90 (0.38)
16.50
5.77
6.70 (1.49)
14.30 (6.67)
6.70
6.70
1.52
2.00
22.50
0.45

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

0.76
133.70
11.42
189.00
3.85
87.30 (1.58)
105.00
2.94
124.80 (15.16)
243.00 (0.86)
35.00 (1.97)
24.50
2.08
36.70
2.23

1Y(%)

(2.70)
1.00
(10.00)
(5.43)
(8.00)
(5.47)
(4.23)
(4.67)
(4.26)
(14.74)
(0.75)
(7.38)
(34.35)
(9.76)
(3.70)
(8.75)
(27.78)
(15.12)
(13.51)
3.86
(14.29)
7.47
(8.33)
1.54
(15.15)
(11.84)
(16.67)
10.84

9.09
17.25
36.36
(5.43)
(45.88)
28.91
13.33
0.67
(20.16)
37.29
3.94
(5.11)
(35.44)
(7.04)
15.04
7.67
(32.59)
(34.69)
(1.54)
34.16
(14.89)
13.60
14.58
(2.94)
(4.11)
15.52
(11.84)
(33.33)
-

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

(2.17) (1.62)
14.60
(0.96) (19.94) (29.26)
0.91
4.77
21.94
(6.94)
6.87
28.28
(2.78) (10.26)
5.63
(2.06) (5.87)
13.06
0.17
2.51
19.26
2.35 (4.66)
12.62
(2.00)
1.66
(6.38) (15.83) (26.01)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

(2.70)
1.13
(5.26)
(4.40)
(5.37)
1.14
(5.56)
(3.45)
(3.32)
(11.96)
(1.49)
(7.17)
(11.16)
(2.12)
(0.15)
(5.19)
(13.33)
(3.90)
(5.04)
1.89
(7.69)
(2.63)
(1.79)
(5.71)
(10.26)
(5.63)
(1.47)
(9.09)
(11.76)

19
A member of Asia Capital Group

Shares Trailing
Mn
ROE

1Q(%)

BVPS

13.79%
38.44
15.13%
51.47
5.39%
26.86
na
33.67
na 118.00
na
na
8.97%
44.72
28.41%
40.55
6.82%
56.57
2.83%
10.14
6.88%
11.19
4.67%
52.25
na
na
6.19%
19.97
10.99% 1232.12
10.58%
44.18
na
29.43
6.54%
33.74
9.31%
73.18
19.64%
32.61
3.96% 122.42
15.15%
16.22
15.15%
16.22
2.54%
7.29
14.77%
9.62
na
9.91
0.15%
10.38
na
0.98
5.97%
14.98
10.41%
2.36%
13.62%
14.41%
na
na
na
13.25%
13.25%
na

69.90
179.14
88.68
196.52
211.86
438.49
45.17
45.17
18.70

Net Profit
4Qtrs
4,846.66
1,782.02
374.07
187.74
(123.90)
(368.23)
(23.98)
211.85
67.51
21.70
165.80
1,121.02
112.16
na
58.20
271.38
142.00
(6.20)
110.30
61.33
202.50
97.04
274.10
274.10
22.70
157.50
(118.48)
2.38
(7.35)
51.50
3,297.04
13.19
2,002.40
1,258.76
(34.86)
(113.10)
(100.56)
305.00
305.00
(33.79)

26 July 2013

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
814.92
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
(5.30)
35.35
(49.51)
12.14
(41.72)
(7.66)

Profits
Jun'12
283.29
171.51
53.47
45.04
(25.93)
(121.80)
(16.59)
15.11
7.77
7.70
26.87
40.36
14.29
na
1.01
36.72
21.23
(22.02)
(1.24)
(1.26)
26.49
9.34
(4.78)
(4.78)

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

(156.22)
31.09
(77.01)
(53.46)
2.48
3.30
(36.99)
30.34
30.34
(55.97)

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

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

Trailing Trailing
EPS
PE

PBV Mkt Cap Mn

5.30
7.79
1.45
na
na
na
4.01
11.52
3.86
0.29
0.77
2.44
na
1.24
135.43
4.67
na
2.21
6.81
6.40
4.85
2.46
2.46
0.19
1.42
na
0.02
na
0.89

13.6
10.4
12.4
na
na
na
8.5
6.6
12.8
28.2
17.1
17.5
na
15.0
9.6
7.8
na
14.5
9.5
5.9
12.4
10.5
6.7
36.2
10.1
na
438.2
na
25.2

1.9
1.6
0.7
0.5
0.7
na
0.8
1.9
0.9
0.8
1.2
0.8
na
0.9
1.1
0.8
0.6
0.9
0.9
1.2
0.5
1.6
1.0
0.9
1.5
0.7
0.6
2.0
1.5

24,212.88
3,885.97
2,332.80
2,989.76
895.63
67.50
1,795.20
442.35
278.44
4,677.75
19,221.14
1,964.20
159.78
870.73
2,605.03
1,109.29
1,755.88
1,600.00
585.00
1,192.13
1,200.00
1,955.83
594.18
820.75
1,585.68
1,080.04
1,042.52
1,200.00
1,295.41

1.65
24.39
12.78
na
na
na
5.99
5.99
na

9.28
80.9
7.7
6.8
na
na
na
5.8
4.1
na

0.97
1.9
1.1
1.0
0.5
0.6
0.6
0.8
0.5
2.0

1,067.66
15,516.28
8,600.35
682.50
811.20
1,244.29
1,558.11
157.50
948.10

Weekly Review by Asia Wealth Research

Company

Year
End

LAND AND PROPERTY


C T LAND
CARGO BOAT
CEYLINCO 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

28.10
122.50
12.40
9.80
44.50
66.80
13.80
29.90
27.00
62.00
25.00
51.70
18.50
55.00
1500.00
14.50
180.00
4.20

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.02
(4.44)
5.55
28.67
(4.08)
(8.14)
10.59
11.02
7.11
11.20
44.16
57.14
(4.62)
(6.77) (10.79)
3.33
(1.00)
(8.33)
5.32
45.59
2.06
(8.81) (11.71)
36.09
(0.30)
(5.52) (1.76)
18.23
(2.13)
(10.97) (4.83)
0.73
(5.08) (11.80)
15.00
1.50
1.89
4.25
35.68
(12.55)
(16.10) (13.89) (11.05)
15.21
53.37 100.00
10.23
(2.82) (1.52)
0.78
(2.63)
22.52
43.41
7.84
(2.31)
14.58
23.87
(4.46)
3.43 (15.65) (24.05)
(1.36)
(6.45) (14.71) (9.94)
0.56 (0.55)
12.57
(8.89)
(16.33) (41.43) (69.40)

20
A member of Asia Capital Group

Shares Trailing
Mn
ROE
9.24%
48.75 10.32%
10.20 11.75%
13.38 15.49%
147.96 1.00%
199.88 1.30%
12.00 20.12%
138.24
na
40.32 8.38%
31.00 7.48%
1.80
na
17.43
na
17.50 5.72%
843.48 13.17%
66.00 12.10%
0.36 4.21%
12.00 0.83%
6.48
0.16
106.91
0.02

BVPS

52.61
79.02
10.62
28.62
18.57
101.90
9.41
41.93
19.21
na
3.26
66.10
26.60
43.81
656.12
13.42
23.92
28.91

Net Profit
4Qtrs
4,289.31
264.76
94.74
22.01
42.53
48.44
246.00
(35.92)
141.66
44.55
(4.29)
(55.08)
66.21
2,954.53
349.77
9.95
1.34
24.78
73.33

26 July 2013

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
685.54
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
22.26
125.30

Profits
Jun'12
271.68
39.19
24.39
25.67
23.25
(8.60)
3.94
(6.15)
6.63
0.17
(1.20)
(20.32)
18.23
94.27
66.70
2.21
3.31

Trailing Trailing
EPS
PE
9.88
5.43
5.2
9.29
13.2
1.65
7.5
0.29
34.1
0.24
183.6
20.50
3.3
na
na
3.51
8.5
1.44
18.8
na
na
na
na
3.78
13.7
3.50
5.3
5.30
10.4
27.64
54.3
0.11
129.8
3.83
47.05
0.69
6.12

PBV Mkt Cap Mn


0.91
0.5
1.6
1.2
0.3
2.4
0.7
1.5
0.7
1.4
na
7.7
0.8
0.7
1.3
2.3
1.1
7.5
0.1

1,369.88
1,249.50
165.91
1,450.06
8,894.70
801.60
1,907.71
1,205.62
837.00
111.60
435.73
904.79
15,604.46
3,630.00
540.00
174.00
1165.80
449.00

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

123.00
69.70
99.00
10.80
15.50
2.60
1.10
25.40
68.00
40.20
316.00
13.90
117.50
28.50
77.00
44.50
28.50
8.00
112.50
74.50
63.40
4.50
15.10
23.50
5.90
27.40
68.00
35.50
97.40
95.00
118.00
12000.00
26.40
21.10
2.20
13.10
6
15
7

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.66)
0.15
10.44
29.45
(4.13)
(8.89)
36.67
28.39
(0.29)
2.50
1.01
34.30
9.39
6.45
11.24
17.44
(2.78)
(9.48) (22.79) (28.08)
(11.43) (17.55) (42.80)
(7.14)
(10.34) (36.59) (39.53)
(8.33)
(15.38) (31.25) (35.29)
(3.10)
(4.21)
7.30
25.63
(0.29)
(4.90) (2.16)
5.75
(2.90)
(10.47) (14.65) (18.46)
0.25
6.82
26.73
79.66
(2.13)
(4.17) (16.36)
9.52
(5.24)
(6.00)
2.17
33.22
1.06
1.79
2.15
12.20
(2.50)
(2.63)
19.48
2.91
(0.89)
(3.48)
17.15
64.44
3.26
(6.86) (5.00) (5.00)
(3.61)
(11.11) (8.05) (6.98)
(6.25)
(6.25)
56.47
73.34
(6.76)
18.25
24.17
(3.06)
(0.31)
5.67
4.45
(6.25) (21.05) (28.57)
(0.66)
0.67 (5.03) (5.63)
(1.67)
(10.61) (10.61)
13.46
1.11
(2.49) (8.67) (9.27)
(1.31)
(3.82)
5.10 (24.44)
1.43
(4.05)
6.29
72.33
(0.10)
(6.35)
0.52
8.22
(8.03)
10.47
5.20
(1.67)
(3.75) (9.58) (24.50)
58.84 139.99 215.79
(0.39)
3.20
7.50 (5.49)
(0.94)
2.43
9.90
7.11
(4.55)
(4.55) (12.50) (12.50)
4.80
8.26
13.91
63.75
(4.76)
(10.45) (20.00) (31.82)
(1.47)
(11.84) (27.17) (63.78)

21
A member of Asia Capital Group

Shares Trailing
Mn
ROE
16.19%
4.26 25.70%
59.89 9.30%
4.21 6.58%
25.61
na
12.06
na
103.30
na
153.37
na
47.32 28.08%
9.88 10.23%
60.00 5.56%
120.00 52.84%
72.25 5.66%
59.86 20.72%
8.00 6.11%
21.80 9.39%
80.40 25.21%
13.70
na
173.51
na
30.00 10.93%
53.05 20.21%
54.60 11.26%
39.00
na
27.37
na
67.98
na
950.09 19.96%
85.97 12.00%
11.27 11.25%
11.16 94.42%
110.79 19.88%
3.85 11.44%
3.85 2.15%
0.13 0.36%
202.50 12.32%
101.25 12.32%
537.51
na
655.00 17.74%
307.53 10.10%
17.47 10.10%
54.92 6.02%

BVPS

135.45
95.47
144.36
19.61
21.36
1.17
1.17
3.93
95.41
44.74
37.80
10.43
114.34
53.55
99.44
21.82
40.76
na
91.91
59.67
84.57
3.66
22.25
na
3.82
25.64
68.50
13.10
75.83
102.87
234.34
999.68
22.13
22.13
3.08
8.75
6.71
118.08
13.01

Net Profit
4Qtrs
11,898.73
148.22
532.03
40.01
(41.26)
na
(26.31)
(26.31)
52.23
96.46
149.25
2,396.43
42.63
1,417.89
26.17
203.53
442.27
(9.96)
(17.80)
301.38
639.85
520.01
(42.20)
(10.57)
na
724.38
264.52
86.82
138.07
1,670.39
45.30
19.39
0.47
827.85
827.85
(6.77)
1,016.57
208.47
208.47
43.03

26 July 2013

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)

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

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)

Profits
Jun'12
2,253.83
8.04
118.11
26.77
(13.30)
3.06
(21.41)
(21.41)
27.99
21.22
395.95
533.17
23.67
285.68
7.21
60.82
81.06
13.76
(4.50)
(16.65)
54.00
(15.79)
(4.76)
(17.71)
148.94
70.28
18.03
36.29
260.77
12.76
1.87
(14.07)
(19.99)
(19.99)
0.63
171.94

Trailing Trailing
EPS
PE
9.96
34.80
3.5
8.88
7.8
9.50
10.4
na
na
na
na
na
na
na
na
1.10
23.0
9.76
7.0
2.49
16.2
19.97
15.8
0.59
23.6
23.69
5.0
3.27
8.7
9.34
8.2
5.50
8.1
na
na
na
na
10.05
11.2
12.06
6.2
9.52
6.7
na
na
na
na
na
na
0.76
7.7
3.08
8.9
7.71
8.8
12.37
2.9
15.08
6.5
11.77
8.1
5.04
23.4
3.57 3360.3
2.73
9.7
2.73
7.7
na
na
1.55
8.4
0.68
8.9
11.93
1.3
0.78
8.9

PBV Mkt Cap Mn


1.61
0.9
0.7
0.7
0.6
0.7
2.2
0.9
6.5
0.7
0.9
8.4
1.3
1.0
0.5
0.8
2.0
0.7
na
1.2
1.2
0.7
1.2
0.7
na
1.5
1.1
1.0
2.7
1.3
0.9
0.5
12.0
1.2
1.0
0.7
1.5
0.9
0.1
0.5

523.83
4,174.59
417.04
276.62
186.90
268.58
168.71
1,201.84
672.13
2,412.00
37,920.00
1,004.22
7,033.73
228.00
1,678.60
3,577.80
390.53
1,388.09
3,375.00
3,952.26
3,461.64
175.50
413.32
1,597.46
5,605.51
2,355.49
766.21
396.31
10,790.89
365.56
453.86
1,567.99
5,346.00
2,136.38
1,182.53
8,580.53
1,845.16
262.11
384.42

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
(1.05)
(2.53)
4.08
(1.00)
(0.50)
(2.08)
(4.08)
1.69
0.80
7.01
(3.25)
(6.61)

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

850.00
99.00
516.00
1800.00
260.00
110.20

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

699.90
1100.60
1312.00
1001.50
900.00

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

(1.39)
24.50
0.82
25.10 (2.31)
11.30
3.67
29.20
1.39
23.50 (4.45)
34.50
5.50
102.10 (10.44)
77.00 (0.13)
48.70
2.32
12.80 (1.54)
4.50
4.00 (2.44)
12.60 (1.55)
75.70 (11.12)
23.40
1.74
30.00 (1.96)
11.70
1.74
17.40 (3.33)
27.00 (1.82)
45.50
-

(5.11)
(10.26)
(10.88)
(5.83)
(17.75)
(7.09)
2.37
(0.97)
(8.33)
(5.81)
(7.25)
(6.25)
(7.30)
(1.57)
1.30
(7.41)
(5.65)
(7.94)
8.00
-

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

272.50
10.10
14.00
107.50
76.00
39.50
3.00

1.24
18.43
(0.98)
0.72
(0.09)
1.33
(2.26)
(6.45)

(1.25)
2.06
(1.94)
(0.71)
2.29
1.33
(2.50)
(6.45)

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

(0.24)
(0.16)
(1.35)
-

1Q(%) 1Y(%)
7.18
11.47
1.19
22.66
20.00 (49.23)
2.71 (14.97)
5.88 (0.55)
10.43
32.63
9.11
69.54

(4.03) (3.69)
(1.34) (3.34)
(21.38) (0.86)
(1.72) (0.61)
(8.95) (16.89)
(5.26)
2.04

(7.53)
(7.89)
(8.28)
(7.74)
(9.01)
-

(6.98)
10.06
(27.73) (18.87)
(23.26)
15.45
(8.13)
44.87
(21.08) (27.00)
(9.23)
13.46
(1.71) (0.86)
(8.84)
10.02
(8.22) (9.31)
(8.47) (11.48)
(14.09)
42.22
28.57
(14.89)
14.29
(2.31)
1.60
(5.53)
36.55
(5.65)
44.44
11.11
57.89
(0.85)
44.44
(4.40)
14.47
8.00
58.82
-

(3.36)
2.83
1.00
(4.76)
5.40
1.33
(8.24)
(6.45)

32.67
(0.91)
38.36
75.00
41.32
26.67
25.81
-

22
A member of Asia Capital Group

Shares Trailing
Mn
ROE
13.65%
1.20 5.28%
15.20 0.78%
8.88 6.06%
3.62 14.32%
6.03 26.20%
67.27 27.31%

BVPS

26 July 2013

489.31
250.88
859.71
649.41
126.90
109.57

Net Profit
4Qtrs
3,073.22
31.00
29.80
462.09
336.80
200.63
2,012.90

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

Profits
Jun'12
1,810.28
4.38
130.55
352.36
317.09
37.12
968.78

10.50%
102.00 15.83%
6.87 2.61%
7.00 2.77%
6.94 3.97%
6.94 3.22%

312.21
818.43
786.82
933.71
800.95

5,778.00
5,042.37
146.61
152.69
257.40
178.94

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

685.30
353.77
72.40
73.48
105.66
79.99

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

16.26%
38.44%
2.37%
33.81%
3.74%
13.50%
9.39%
16.20%
25.90%
15.08%
3.18%
12.50%
12.50%
17.10%
20.50%
21.66%
4.23%
17.70%
17.25%
33.03%
19.57%

48.47
111.60
12.44
34.89
59.57
15.18
133.97
73.98
85.64
62.36
8.66
8.66
29.11
84.03
60.67
28.46
16.24
34.59
45.02
56.68

5,913.06
465.71
62.49
352.16
60.41
201.04
113.92
542.47
651.46
516.73
57.49
268.02
268.02
268.54
409.16
312.09
23.33
680.24
434.80
256.75
236.25

1,215.12
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

2,031.12
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

1,365.79
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
92.84

1,103.31
(1.16)
73.87
49.14
52.29
11.54
29.26
122.68
128.20
104.76
26.51
114.84
114.84
34.22
72.29
26.62
37.14
157.32
63.81
-

17.25%
na
50.56%
12.09%
9.74%
9.74%
12.66%
15.98%

86.91
6.51
5.85
72.7
72.7
17.00
2.68

3,785.98
(64.67)
1,738.38
777.25
249.01
249.01
481.66
604.34

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,822.74
(45.09)
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

577.66

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

110.65
176.23
80.08
80.08
112.65
98.04

Trailing Trailing
EPS
PE
7.36
25.83
32.9
1.96
50.5
52.06
9.9
93.02
19.4
33.25
7.8
29.92
3.7

PBV Mkt Cap Mn


1.00
1.7
0.4
0.6
2.8
2.0
1.0

1,020.00
1,504.80
4,580.24
6,517.52
1,568.74
7,412.83

49.43
21.34
21.82
37.09
25.78

17.5
14.2
51.6
60.1
27.0
34.9

1.8
2.2
1.3
1.7
1.1
1.1

71,389.80
7,562.56
9,181.90
6,950.49
6,246.07

18.63
2.64
4.20
1.30
8.04
1.43
21.70
19.16
12.92
1.98
1.08
1.08
4.98
17.23
13.14
1.20
2.87
5.97
14.87
11.09

4.0
1.3
9.5
2.7
22.4
2.9
24.2
4.7
4.0
3.8
6.5
4.2
3.7
2.5
4.4
1.8
24.9
4.1
2.9
1.8
4.1

0.65
0.5
0.2
0.9
0.8
0.4
2.3
0.8
1.0
0.6
0.2
0.5
0.5
0.4
0.9
0.4
1.1
0.7
0.5
0.6
0.8

612.50
593.27
946.38
1,352.42
587.50
2,756.20
2,552.50
2,618.00
1,948.00
371.20
1,010.66
92.00
679.81
1,797.88
555.75
581.97
2,769.00
1,267.88
466.15
969.15

na
3.29
0.71
7.35
7.35
2.15
0.43

11.4
na
3.1
19.8
14.6
10.3
18.3
7.0

1.97
3.1
1.6
2.4
1.5
1.0
2.3
1.1

6,086.00
5,337.42
15,387.29
2,744.18
634.25
8,837.42
4,228.52

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.87
2.30
15.29
31.93
1.28
3.82
31.02
47.46
6.39
(4.77) (7.41)
23.49
12.14
1.66 (4.02)
1.66
24.75
(2.59) (14.39) 148.91
0.36
(8.41) (30.55)
0.06
(11.54)
27.78 (23.33)
(2.33)
- (16.00) (19.23)
- (17.86)
-

Shares Trailing
Mn
ROE
7.06%
60.80 22.68%
2.94 4.16%
2.84
na
0.04
na
0.05
na
0.10
na
114.00 19.98%
260.00 16.59%

53.89
49.30
57.43
137.96
649.80
64.98
1.72
2.18

Net Profit
4Qtrs
310.18
742.89
6.03
(123.39)
(1.28)
(446.79)
(0.55)
39.23
94.04

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

Dec'12
(406.82)
48.66
1.02
(13.30)
(1.90)
(446.70)
0.30
5.10

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

Profits
Jun'12
26.82
55.55
4.40
(49.20)
1.27
0.68
0.13
13.99

5.05%
1.27 5.20% 738.70
2.54 8.16% 1284.06
2.28 28.76%
43.90
5.15
na 432.45

329.21
48.87
265.70
28.76
(14.12)

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

(58.55)
(3.33)
(34.00)
1.04
(22.26)

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

87.00
99.90
171.80
1260.00
1249.80
1150.00
4.10
2.30

STORES AND SUPPLIES


COLOMBO PHARMACY
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

540.00
1295.00
168.60
320.00

1.31
1.93
7.36
(2.60)
(8.31)

(3.29)
(1.53)
3.52
(10.79)
(13.51)

12.10
13.50
(1.48) (9.97)
31.46
32.81
7.39 (13.54)
(8.44)
2.56

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

110.00
68.00
7.90
7.90
14.10
46.70
95.00
2470.00
2.00

(1.69)
(2.65)
3.98
(3.80)
(2.76)
3.78
(2.25)
11.92
(5.00)

(4.16)
(6.30)
(6.72)
1.33
(3.61)
(4.08)
8.86
(2.45)
(13.33)
(9.52)

(5.18) (2.96)
(11.93)
2.80
3.34
9.68
26.67
55.10
(21.57) (27.93)
(19.89)
0.71
(6.60) (9.85)
(1.95) (7.45)
(12.92) (42.56)
(17.39) (17.39)

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

18.40
25.00
3.80
6.30
26.20
21.90
5.30
2.30
8.60

2.83
(1.07)
3.70
8.57
3.56
3.29
(3.64)
6.17

(0.74)
0.68
31.46
(6.09) (7.50)
3.35
(0.40)
4.13
57.50
2.70
12.50
31.25
1.95 (1.13)
32.99
10.00
11.11
65.41
(7.02) (13.11) (8.62)
(8.00) (17.86) (4.17)
(12.24) (18.87) (12.24)

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 M
MainB
M

6.20
1.20

(3.05)
(4.62)
-

(19.84) (36.41) (50.73)


(6.06) (10.14)
34.78
(36.84) (58.62) (80.00)

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

8.80
40.30

D
D

0.51
1.00

(6.73)
(8.51)
(4.95)

19.91
43.33
3.60

Note:
Counters which are listed on Dirisavi board will reflect 6 months results under
3QCY2012.

23
A member of Asia Capital Group

BVPS

26 July 2013

Trailing Trailing
EPS
PE
23.72
12.22
7.1
2.05
48.7
na
na
na
na
na
na
na
na
0.34
11.9
0.36
6.4

1.68
1.6
2.0
3.0
9.1
1.9
17.7
2.4
1.1

5,289.60
293.43
488.77
44.11
62.49
115.03
467.40
598.00

38.39
104.79
12.62
na

18.23
14.1
12.4
13.4
na

0.92
0.7
1.0
3.8
0.7

687.34
3,283.42
384.09
1,646.40

3.39
4.50
0.05
na
na
na
6.97
na
na

32.62
32.5
15.1
153.2
na
na
na
13.6
na
na

0.95
0.5
1.5
1.3
0.9
0.6
6.1
2.5
4.5
1.0

7,796.25
2,447.22
1,107.55
927.82
4,926.08
112.08
11,894.91
205.89
360.00

2.26
5.46
0.24
0.39
2.74
2.74
na
0.17
0.41

7.29
8.2
4.6
15.6
16.3
9.6
8.0
na
13.9
21.2

1.26
0.8
1.0
1.6
2.6
1.6
1.3
0.8
1.4
1.3

2,303.68
13,313.25
1,813.62
4,706.79
8,777.00
1,138.80
578.17
1,150.00
860.00

na
46.1
na

1.05
7.1
0.4

757.21
412.08

10.70
8.4
14.7

1.52
1.8
1.3

71,665.25
72,735.86

2.90%
70.88 1.63%
35.99 9.75%
140.20 0.82%
117.45
na
349.37
na
2.40
na
125.21 18.66%
0.08
na
180.00
na

207.36
46.18
6.26
8.66
23.27
7.63
37.39
546.33
1.94

912.89
240.04
161.98
7.23
(69.41)
(278.42)
(6.90)
873.24
(2.09)
(12.79)

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

294.12
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(9.14)

300.32
(219.96)
85.92
(3.25)
39.55
83.85
0.34
310.05
3.81

17.25%
9.88%
22.33%
10.55%
15.86%
16.35%
16.35%
na
10.28%
5.89%

22.82
24.46
2.31
2.44
16.76
16.76
6.90
1.61
6.88

4,751.00
282.45
2,908.80
116.33
289.14
1,060.82
1,060.82
(29.98)
82.93
40.51

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

1,842.14
81.00
1,183.00
6.13
112.97
427.45
427.45
(1.80)
2.09
31.30

299.56
39.33
191.86
8.40
56.05

-32.64%
122.13 15.36%
343.40
na

(362.64)
16.42
(379.06)

(387.13)
7.90
(395.03)

2.52
(6.60)
9.12

(2.35)
2.87
(5.22)

1.79

0.88
2.92

1.79

0.13
na

14.22%
8143.78 22.01%
1804.86 8.84%

4.76
31.10

13,496.41
8,536.41
4,960.00

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

1,965.01
1,269.01
696.00

1.05
2.75

(7.68)
11.60

PBV Mkt Cap Mn

Weekly Review by Asia Wealth Research

26 July 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
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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
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24
A member of Asia Capital Group

Research
Manager - Research
BalakrishnanNirmalan

Assistant Manager - Research


(94-11)5320362
nirmalan@asiacapital.lk

Corporates

Amali Perera

(94-11)5320256
amali@asiacapital.lk

Economy

Travis Gomez
Yogini Yogarasa

(94-11)5320254
(94-11)5320361

DhanushaPathirana

(94-11)5320254

Statistician
Nuwan Pradeep

(94-11)5320257

Sales
Institutional Sales
SabriMarikar
NiroshanWijayakoon
Manjula Kumarasinghe
Chelaka Hapugoda
Chaminda Mahanama
HiranBibile
NiroshanRathnam
Jeevan Hettigoda
FarajFouz
MiflalFarook

(94-11) 5320224
(94-11) 5320208
(94-11) 5320211
(94-11)5320240
(94-11) 5320223
(94-11) 5320238
(94-11) 5320242
(94-11) 5320220
(94-11) 5320210
(94-11) 5320247

077 3-576868
0777-713645
0777 -874310
0777 -256740
0777 -556582
0777 -352032
0773 -717515
0773-691256
0773 -810159
0772-253730

sabri@asiacapital.lk
niroshan@asiacapital.lk
manjula@asiacapital.lk
chelaka@asiacapital.lk
mahanama@asiacapital.lk
hiran@asiacapital.lk
ratnam@asiacapital.lk
jeevan@asiacapital.lk
faraj@asiacapital.lk
miflal@asiacapital.lk

Retail Sales
ShiyamSubaulla
PriyanthaHingurage
Subeeth Perera
Neluka Rodrigo
GaganiJayawardhana
Shamal Perera
NuwanEranga
RomeshPriyadarshana
RukshanLiyanage
Nathasha Munasinghe
Iresha Fernando
SharikaRathnayake

(94-11)5320218
(94-11)5320217
(94-11)5320227
(94-11)5320214
(94-11)5320236
(94-11)5320219
(94-11)5320246
(94-11)5320228
(94-11)5320235
(94-11)5320231
(94-11)5320232
(94-11)5320209

0773-502016
0773-502015
0714-042683
0777-366280
0714-084953
077-3717558
0777368012
0772548795
077-3413297
0777-569266
0777359012
0777567994

shiyam@asiacapital.lk
priyantha@asiacapital.lk
subeeth@asiacapital.lk
neluka@asiacapital.lk
gagani@asiacapital.lk
shamal@asaiacapital.lk
eranga@asiacapital.lk
priyadarshana@asiacapital.lk
rukshan@asiacapital.lk
nathasha@asiacapital.lk
iresha@asiacapital.lk
sharika@asiacapital.lk

Branches
CSE Floor

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

ThusharaAdhikari
M G Suranjana

(011)-5735122
(011)-5763539

0773-688202
0773-954994

adhikari@asiacapital.lk

Kurunegala

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

AsankaSamarakoon
GayanNishsanka

(037)-5628844
(037)-5642717

0773-690749
0777-105356

asanka@asiacapital.lk
nishshanka@asiacapital.lk

Matara

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


Matara
Peoples Leasing Building,2nd Floor,No.118,Matara Road,Galle

(041)-5677525
(041)-5677526
(041)-5620727
(091)-5629998

0773-687307
0778-628798

Galle

SumedaJayawardena
LalindaLiyanapathirana
MaheshaMadurangi
RuchiraHasantha

0773-687027

sumeda@asiacapital.lk
rishan@asiacapital.lk
mahesha@asiacapital.lk
ruchira@asiacapital.lk

Negombo

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

UthpalaKarunatilake

(031)-5676881

0773-691685

uthpala@asiacapital.lk

Moratuwa

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

Ashan Silva
Charith Perera

(011)-5238662
(011)-5238663

077-0458028

ashan@asiacapital.lk
charithn@asiacapital.lk

Panadura

Asian Alliance Building, 293, Galle Road, Panadura

RanganathWijetunga
AsankaChaminda

(038)-5670400
(038)-5670407

0715-120723
0713-559552

ranganath@asiacapital.lk
chaminda@asiacapital.lk

Kandy

132 2/7, Hill City Complex,


D. S .Senanayake Street, Kandy.

NilupulHettiarachchi

(081)-5628500

0777410164

nilupul@asiacapital.lk

RadhikaHettiarachchi
TharinduPriyankara
Ravi De Mel

(081)-5625577
(081)-5625577
(063)-5679071

0773692242
0777282586
0772-681995

radhika@asiacapital.lk
priyankara@asiacapital.lk
ravide@asiacapital.lk

NalakaDhanushka
DanushkaBoteju
KasunNavoda

(063)-5679070
(011)-5634803

0771-520376
0716-270527

nalaka@asiacapital.lk
boteju@asiacapital.lk

Ampara

Bandula Cinema Shopping complex, No-103,D S Senanayaka Street,


Ampara.

Kiribathgoda

Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda

Service Centers
Hambantota

Hambanthota Chamber of Commerce, ThangalleRoad,Hambantota.

SherminRanasinghe
SamithEdirisinghe

(047)-5679240

0777681866
0775-486869

shermin@asiacapital.lk
samith@asiacapital.lk

Jaffna

62/20, First Floor, Stanley Road, Jaffna

GratianNirmalan
S.Puviraj

(021)-5671800
(021)-5671801

0777-567933
0775-096969

nirmal@asiacapital.lk
puviraj@asiacapital.lk

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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