BRS Weekly Market Report

02nd April 2015
BRS Weekly Market Report

Week at a Glance
Exhibit 1: Market Snapshot
Bourse gains WoW

This week the CSE turned around to make gains after a straight week of market
downturn. The WoW gain for the short week was 1.1% in the ASI with the index
closing at 6,948.14. The S&P SL20 index was flat at 3,909.58. The movement of the
index was on thinner volumes in comparison. The weekly turnover was 2.47bn which
was 43% lower WoW. Interestingly the 31st March effect was an absentee this financial year as most stock prices stayed low.
ASPI
S&P
Current
Week
Previous
Week
Change
(points)
%
Change
6,948.14
6,873.52
74.62
1.1%
3,909.58
3,901.34
8.24
0.2%
Overall sentiments improve

The big caps made mild improvements on thin volumes compared to last weeks
drop. We saw selling pressure mounting on shares like JKH and COMB but the overall
price levels maintained. There was some positive sentiment with the hope of the
revival of GSP+ which would improve the garment sector margins and competitiveness in the EU. The slight dip in the secondary market bond rates too we believe
aided the sentiment. JKH warrants reached a 52- week low with the current low
prices of the share.
Exhibit 2: CSE Market Statistics

Turnover
(LKR mn)
2,468.75
Volume
(Shares mn)
135.05
Foreign Purchases
LKR (mn)
684.74
Foreign Sales
LKR (mn)
659.49
Foreign purchases remained marginally (4%) higher than the foreign sales this week
at LKR 659mn.
Net Inflow / (Outflow)
LKR (mn)
25.25
Seek fundamentally sound counters
Exhibit 3: SL FX Rates
We continue to advise being long on fundamentally stronger stocks shielding your

investment from political volatility. We see value in JKH, SAMP, VPEL, RCL and CDB
that give an adequate margin of safety from our research coverage.
Current Value
Prev. Week
% Change
USD
134.74
134.73
0.01%
POUND
200.49
201.25
-0.38%
EURO
145.79
148.64
-1.92%
1.13
1.14
-0.88%
YEN
Exhibit 5: ASPI Performance

Exhibit 4: Global Market Indices
7,700
7,500
Current Value
Prev. Week
% Change
17,698.18
17,678.23
0.11%
4,880.23
4,863.36
0.35%
7,300
6,900
DOW
JONES
NASDAQ
6,700
FTSE
6,826.50
6,895.33
-1.00%
6,500
DAX
11,989.48
11,865.32
1.05%
6,300
NIFTY
HANG
SENG
NIKKEI
8,586.25
8,350.50
2.82%
25,275.64
24,497.08
3.18%
19,312.79
19,471.12
-0.81%
7,100
6,100
5,900
24-Mar
25-Mar
26-Mar
27-Mar
30-Mar
31-Mar
1-Apr
2-Apr
Page 1
02nd April 2015
Exhibit 6: Trend in Weekly Foreign Flows

Foreign purchases
LKR mn
Foreign sales
Exhibit 7 : Top Sector Gainers and Losers

C&E
Net foreign inflow/(outflow)
7.2%
300
MTR
5.2%
HLT
4.3%
200
TEL
3.7%
100
-0.2% C&P
-0.4% TRD
0
30-Mar-15
31-Mar-15
1-Apr-15
2-Apr-15
-0.7%
-100
OIL
SRV
-1.8%
Source: Colombo Stock Exchange
Exhibit 8: Weekly Summary Statistics
MONDAY
TUESDAY
WEDNESDAY
THURSDAY
All share Index
6,782.43
6,820.34
6,916.08
6,948.14
S&P SL 20 Index
3,832.53
3,852.43
3,900.67
3,909.58
Equity Turnover -(LKR.)
457,318,332
665,859,905
616,529,637
729,042,762
Domestic Purchases -(LKR.)
390,073,178
585,317,392
389,991,107
418,631,473
Domestic Sales -(LKR.)
347,372,876
513,181,350
462,550,732
486,154,272
Foreign Purchases -(LKR.)
67,245,154
80,542,513
226,538,530
310,411,289
Foreign Sales -(LKR.)
109,945,456
152,678,555
153,978,905
242,888,490
Vol of Turnover
27,179,038
28,012,293
41,025,412
38,830,445
% Vol of foreign turnover
6.5%
8.0%
11.1%
46.0%
Total no. of trades
5,707
7,210
6,049
6,966
Foreign % No. of trades
3.9%
4.1%
4.4%
5.2%
2,875,094,870,661
2,891,168,282,342
2,931,751,483,370
2,945,342,666,791
Market Capitalization (LKR)
FRIDAY
Abbreviations
BANKS FINANCE & INSURANCE
BFI
CHEMICALS & PHARMA
C&P
DIVERSIFIED
DIV
HEALTHCARE
HLT
INVESTMENT TRUST
INV
BEVERAGE FOOD & TOBACCO
BFT
CONSTRUCTION & ENG
C&E
FOOTWEAR & TEXTILES
F&T
HOTELS AND TRAVEL
H&T
IT
IT
LAND AND PROPERTY
L&P
MOTORS
MTR
PLANTATIONS
PLT
SERVICES
SRV
TELECO
TEL
MANUFACTURING
MFG
OIL PALMS
OIL
POWER AND ENERGY
P&E
STORES AND SUPPLIES
S&S
TRADING
TRD
Page 2
02nd April 2015
Exhibit 9: Weekly Crossings
Code
No of Crossings
Total Shares
Price (LKR)
None
Monday
Tuesday
NDB
200,000
245.00
CTC
97,353
1020.00
DIAL
6,242,100
10.70
GUAR
169,100
183.00
SAMP
100,000
247.00
JKH
130,000
203.00
ABL
12,600,000
4.90
Wednesday
Thursday
Friday
Holiday
Exhibit 10: Weekly CSE Announcements

Dividend
Company
CODE
DPS (LKR)
Final/Interim
XD
PD
Haycarb PLC
HAYC
2.00
Interim
08.04.2015
21.04.2015
Amaya Leisure PLC
CONN
1.00
Interim
10.04.2015
23.04.2015
Dipped Products PLC
DIPD
3.00
Interim
10.04.2015
22.04.2015
Richard Pieris Exports PLC
REXP
4.00
Interim
10.04.2015
21.04.2015
Kegalle Plantations PLC
KGAL
2.00
Interim
10.04.2015
22.04.2015
Lanka Walltiles PLC
LWL
2.00
Interim
15.04.2015
24.04.2015
Lanka Tiles PLC
TILE
2.50
Interim
15.04.2015
23.04.2015
Sri Lanka Telecom PLC
SLTL
0.89
Final
14.05.2015
22.05.2015
Scrip dividend
Company
Amaya Leisure PLC
Code
Proportion
CONN
1 for 20
XD
XD
Subject to approval
Exhibit 11: Sector Multiples

SECTOR
BFI
BEV
C&P
C&E
DIV
F&T
HLT
H&T
INV
IT
L&P
MFG
MTR
OIL
PLT
P&E
SERV
S&S
TELCO
TRD
PER (x)
13.2
23.9
nm
13.0
20.5
99.0
19.3
50.4
15.1
nm
11.6
21.6
11.2
102.3
9.7
6.9
19.1
20.5
18.1
11.9
PBV (x)
1.6
5.0
1.4
1.5
1.7
1.3
2.6
3.5
1.2
1.5
1.0
2.6
1.3
4.0
0.7
1.6
2.0
1.3
1.6
0.8
Page 3
02nd April 2015
Exhibit 12: 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
250.00
-0.04%
0.00%
31.38
7.97
31.11*
8.04
3.00
1.20%
223.74
1.12
CINS
1,691.70
0.00%
22.69%
96.46
17.54
N/A
N/A
16.00
0.95%
671.02
2.52
CINS(X)
601.60
-3.74%
9.38%
96.46
6.24
N/A
N/A
16.00
2.66%
671.02
0.90
COMB
163.70
-1.03%
-4.27%
13.01
12.58
N/A
N/A
6.50
3.97%
70.90
2.31
COMB(X)
130.20
-0.76%
4.08%
13.01
10.01
N/A
N/A
6.50
4.99%
70.90
1.84
DFCC
208.50
2.81%
-4.79%
11.89
17.54
9.96*
20.93
5.00
2.40%
181.14
1.15
HASU
82.80
-2.59%
-0.84%
8.35
9.92
N/A
N/A
3.75
4.53%
48.28
1.71
HNB
226.50
2.03%
16.21%
24.50
9.24
N/A
N/A
8.50
3.75%
168.67
1.34
HNB(X)
166.00
0.61%
8.57%
24.50
6.78
N/A
N/A
8.50
5.12%
168.67
0.98
NTB
100.00
-0.10%
3.09%
11.00
9.09
N/A
N/A
2.10
2.10%
60.25
1.66
NDB
250.00
0.81%
0.00%
16.04
15.59
N/A
N/A
10.00
4.00%
148.85
1.68
SAMP
247.50
-1.82%
4.74%
31.35
7.89
28.99
8.54
11.00
4.44%
205.53
1.20
SEYB
99.00
-1.00%
4.21%
9.21
10.75
N/A
16.23
2.50
2.53%
73.04
1.36
SEYB(X)
61.50
-3.00%
6.96%
9.21
6.68
N/A
10.08
2.50
4.07%
73.04
0.84
#N/A
#N/A
2.92
#N/A
2.44
1.00
#N/A
14.34
#N/A
39.50
3.85%
20.81
49.26
JINS
#N/A
Beverage, Food & Tobacco

CTC
1,025.10
2.56%
-3.30%
46.01
22.28
N/A
DIST
240.00
-0.21%
14.29%
20.68
11.61
18.36
13.07
3.00
1.25%
201.35
1.19
NEST
2,322.00
1.18%
10.31%
61.51
37.75
N/A
N/A
60.00
2.58%
77.20
30.08
CIC
76.00
0.00%
-10.59%
(0.73)
N/M
4.40
17.27
0.00%
71.00
1.07
CIC(X)
57.00
-1.04%
-14.16%
(0.73)
N/M
4.40
12.95
0.00%
71.00
0.80
177.50
7.25%
-8.03%
12.89
13.77
2.25
78.89
4.00
2.25%
152.65
1.16
CARS
370.00
0.98%
-14.03%
19.05
19.42
16.89*
21.91
2.00
0.54%
236.79
1.56
HAYL
301.00
0.33%
-11.44%
24.11
12.48
30.12*
9.99
5.00
1.66%
334.37
0.90
HHL
72.90
-1.09%
-1.88%
3.34
21.83
3.15*
23.14
0.75
1.03%
28.69
2.54
JKH
202.10
1.35%
-19.16%
12.07
16.74
13.87
14.57
3.50
1.73%
132.21
1.53
SPEN
100.00
0.50%
-3.38%
9.04
11.06
7.21*
13.87
2.00
2.00%
82.57
1.21
SUN
49.30
2.71%
-8.70%
4.47
11.03
4.70
10.49
0.95
1.93%
38.35
1.29
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.
Page 4
02nd April 2015
Exhibit 12: 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
115.00
0.97%
-2.04%
6.98
16.48
7.85*
14.65
2.00
1.74%
83.89
1.37
75.10
0.00%
-6.13%
6.98
10.76
7.85*
9.57
2.00
2.66%
83.89
0.90
AHPL
67.50
7.14%
-0.44%
5.39
12.52
3.88
17.40
4.00
5.93%
49.23
1.37
AHUN
68.00
1.49%
-13.38%
6.91
9.84
7.60
8.95
1.00
1.47%
45.45
1.50
CONN
79.00
10.49%
-7.06%
7.83
10.09
8.60
9.19
4.50
5.70%
57.03
1.39
EDEN
21.50
2.38%
-16.34%
4.16
N/M
N/A
N/A
0.00%
44.94
0.48
KHL
14.90
4.20%
-12.35%
1.08
N/M
1.34
11.12
0.30
2.01%
12.50
1.19
PALM
45.60
-0.65%
-43.00%
(17.08)
N/M
0.00%
153.78
0.30
SHOT
27.80
-0.71%
-15.24%
0.12
231.67
N/A
N/A
0.00%
17.84
1.56
STAF
57.00
0.18%
3.26%
1.53
37.25
3.59
15.88
1.50
2.63%
37.50
1.52
ACL
76.80
1.05%
0.52%
7.40
10.38
6.36*
12.08
1.00
1.30%
104.48
0.74
KCAB
84.80
6.00%
-5.15%
9.83
8.63
8.80*
9.64
1.50
1.77%
110.21
0.77
LLUB
399.00
1.55%
-0.15%
21.10
18.91
24.08
16.57
15.00
3.76%
49.57
8.05
LWL
97.70
1.98%
0.41%
10.65
9.17
15.59
6.27
2.50
2.56%
113.03
0.86
TJL
24.80
2.90%
20.39%
1.76
14.09
1.89
13.12
1.30
5.24%
10.27
2.41
RCL
CHL(X)
Hotels & Travels
Manufacturing
114.90
3.51%
-1.71%
9.71
11.83
16.94
6.78
1.00
0.87%
103.43
1.11
TKYO
56.90
3.64%
-12.33%
6.90
8.25
6.90
8.25
1.00
1.76%
28.92
1.97
TKYO(X)
38.10
1.87%
-18.76%
6.90
5.52
6.90
5.52
1.00
2.62%
28.92
1.32
DIAL
10.90
4.81%
-18.05%
0.76
14.34
N/A
N/A
0.29
2.66%
5.50
1.98
SLTL
48.00
5.49%
-3.81%
3.32
14.46
N/A
N/A
0.85
1.77%
35.40
1.36
AGAL
25.10
-10.04%
-7.38%
(9.15)
N/M
N/A
N/A
0.00%
39.82
0.63
KGAL
88.90
3.61%
-5.43%
13.84
6.42
8.78*
10.13
1.50
1.69%
143.93
0.62
KOTA
25.20
2.02%
-20.25%
(7.51)
(3.36)
(15.60)*
N/M
0.00%
64.88
0.39
KVAL
69.40
-3.48%
-6.22%
1.47
47.21
N/A
N/A
0.00%
79.55
0.87
MAL
3.80
2.70%
-15.56%
0.39
9.74
N/A
N/A
0.00%
72.81
0.30
WATA
20.00
0.00%
6.38%
2.10
9.52
2.31*
8.66
0.50
2.50%
18.10
1.10
TPL
31.40
-10.54%
-4.85%
7.51
4.18
N/A
N/A
0.00%
67.60
0.46
LIOC
40.20
-0.25%
-33.00%
9.04
4.45
7.37*
5.45
1.50
3.73%
36.03
1.12
HPWR
18.20
-3.70%
0.55%
(2.07)
(8.79)
N/A
N/A
0.75
4.12%
19.44
0.94
Telecommunications
Plantations
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.
Page 5
02nd April 2015
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