Weekly Plus - 2013 Issue 32 (08.08.2013)

2013
Issue 32
Week Ending 08-08-2013
Weekly Market Wrap Up

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

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

Weekly Market Statistics
Weekly Turnover and Volume
Daily Index Movement

4,000
100
LKR ('Mn)
3,000
80
2,000
60
40
1,000
0
18-Jul
25-Jul
ASPI
Turnover (LHS)
1-Aug
8-Aug
Volume (RHS)
Weekly Foreign Purchases and Sales
60%
Net Foreign 1,044
50%
2,500
40%
ASPI
S&P SL20
Turnover (LKR 'bn)
Volume ('mn)
Market Cap. (LKR 'bn)
20
Daily Foreign Activity
Current Previous
6151.92
6156.60
3470.16
3477.57
1,830.6
3,606.4
91.2
113.9
2,367.5
2,369.3
120
('Mn)
6,200
6,150
6,100
6,050
6,000
5,950
5,900
5,850
208
-1091
Weekly Foreign Flow

LKR ('mn)
Foreign Purchases
Foreign Sales
Net Foreign Inflow
Foreign Participation
Current Previous
16.3
16.3
2.2
2.2
2.5
2.5
LKR ('Mn)
PER
PBV
DY
1,000
10%
WoW %
8.9%
-70.8%
-133.2%
75.1%
Weekly Market Valuations
1,500
20%
Current Previous
929.7
854.0
567.3
1,945.3
362.4
-1,091.3
37%
21%
362
2,000
30%
WoW %
-0.1%
-0.2%
-49.2%
-19.9%
-0.1%
WoW %
-0.1%
-0.1%
0.0%
500
0%
Weekly Sector Statistics
0
18-Jul
Foreign Activity
Linear (Foreign Activity)
25-Jul
Foreign Buying
1-Aug
8-Aug
Foreign Sales
Change in Foreign Holding

Growth in Foreign Holding
NESTLE (+)
DISTILLERIES
JKH
COMMERCIAL BANK (+)
DFCC BANK
Growth in Growth in
Value
Foreign Decline in Foreign Holding
LKR 'mn
Holding
101.2
88.7
68.8
51.5
30.2
0.09%
0.65%
0.05%
0.16%
0.37%
ACCESS ENG SL
CENTRAL FINANCE
NATION LANKA
NAT. DEV. BANK (+)
DOCKYARD (+)
Decline in
Value
LKR 'mn
-51.3
-8.3
-2.9
-2.7
-2.4
Decline in
Foreign
Holding
-42.81%
-0.37%
-3.03%
0.0%
-0.03%
BANKS FINANCE & INS.

BEV. FOOD & TOBACCO
CHEM. & PHARMA.
CONS. & ENG.
DIVERSIFIED
HEALTH CARE
HOTELS & TRAVELS
LAND & PROPERTY
MANUFACTURING
MOTORS
PLANTATIONS
TELECOM
Current Previous
12,174.2 12,051.5
15,675.1 15,397.6
7,167.8
6,934.3
2,610.9
2,580.3
1,821.1
1,796.8
582.1
575.6
3,554.3
3,493.7
506.0
490.4
2,606.0
2,576.4
15,430.7 15,058.4
808.2
800.8
163.5
161.4
WoW %
1.0%
1.8%
3.4%
1.2%
1.4%
1.1%
1.7%
3.2%
1.2%
2.5%
0.9%
1.3%
Page | 2
Weekly Stock Trends

Weekly Top Gainers
Company
MORISONS
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
329.80
286.90
14.95%
329.80
288.00
906
361.90
154.00
2,251.40
1,989.00
13.19%
2,285.00
1,940.00
52,838
116,070,921
2,285.00
1,100.00
108.80
97.50
11.59%
108.80
108.80
109
130.00
80.00
HUNAS FALLS
54.80
49.50
10.71%
54.80
49.60
207
10,272
70.00
49.00
ACL PLASTICS
98.30
90.00
9.22%
98.30
90.00
15,220
1,397,990
122.00
80.00
NESTLE
LAKE HOUSE PRIN.
Weekly Top Losers

Company
PC PHARMA
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
1.30
1.60
-18.75%
1.60
1.30
3,030,419
4,534,878
14.90
1.30
CENTRAL IND.
58.10
69.00
-15.80%
65.50
58.00
85,723
5,229,610
86.00
58.00
PCH HOLDINGS
1.10
1.30
-15.38%
1.30
1.10
1,988,206
2,402,167
12.90
1.10
1,105.00
1,285.00
-14.01%
1,112.20
1,100.00
13
14,334
1,560.00
1,100.00
7.50
8.70
-13.79%
8.60
7.30
3,246,842
25,629,244
15.90
7.30
Volume
Turnover
52 High
52 Low
GOOD HOPE
NATION LANKA
Weekly Top Performers

Company
Current
Previous
WoW %
High
Low
CHEVRON
310.50
310.00
0.16%
314.50
305.00
920,752
284,053,227
375.00
172.00
JKH
264.30
266.00
-0.64%
270.00
264.30
821,573
220,267,565
299.80
184.00
DISTILLERIES
194.90
190.20
2.47%
195.10
190.00
731,502
141,078,551
207.00
117.00
21.30
20.50
3.90%
21.50
20.50
6,646,161
138,236,195
22.60
15.50
2,251.40
1,989.00
13.19%
2,285.00
1,940.00
52,838
116,070,921
2,285.00
1,100.00
ACCESS ENG SL
NESTLE
Weekly Top Volume

Company
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
PC HOUSE
1.00
1.10
-9.09%
1.20
1.00
23,810,052
26,030,751
8.40
1.00
CIFL
1.10
1.10
0.00%
1.30
1.00
7,251,237
8,238,214
11.80
1.00
ACCESS ENG SL
21.30
20.50
3.90%
21.50
20.50
6,646,161
138,236,195
22.60
15.50
TEXTURED JERSEY
14.20
13.10
8.40%
14.20
13.10
3,491,598
47,831,444
14.20
7.60
LANKA IOC
26.30
25.50
3.14%
27.90
25.20
3,315,474
84,626,838
29.00
15.50
Page | 3
S & P SL20 Debrief
Announcements
DIVIDENDS
Daily Index Movement
Company
3,550
Dividend (LKR)
XD Date
1.00
12-08-2013
21-08-2013
Lanka Walltiles
2.00
12-08-2013
22-08-2013
Ceylon Tobacco Company
15.00
14-08-2013
23-08-2013
Access Engineering
0.25
14-08-2013
26-08-2013
Tokyo Cement Company

3,500
3,450
3,400
Payment
Kandy Hotels Company
0.02
02-09-2013
10-09-2013
3,350
Dankotuwa Porcelain
0.40
12-09-2013
20-09-2013
3,300
Lanka Ventures
1.00
24-09-2013
02-10-2013
Elpitiya Plantations
0.50
27-09-2013
07-10-2013
3,250
RIGHTS ISSUE
Company
S&P SL20
S&P SL20 Companies

JOHN KEELLS HOLDINGS
COMMERCIAL BANK
THE BUKIT DARAH
HATTON NATIONAL BANK
CARSONS CUMBERBATCH
SAMPATH BANK
CEYLON TOBACCO COMPANY
DFCC BANK
AITKEN SPENCE
NATIONAL DEVELOPMENT BANK
C T HOLDINGS
DISTILLERIES
HAYLEYS
CHEVRON LUBRICANTS LANKA
DIALOG AXIATA
CARGILLS (CEYLON)
AITKEN SPENCE HOTEL HOLDINGS
NESTLE LANKA
ASIAN HOTELS & PROPERTIES
SRI LANKA TELECOM
Current
264.30
119.00
690.00
152.50
400.00
195.60
1,201.00
130.80
122.20
160.10
140.10
194.90
302.00
310.50
8.70
160.00
70.00
2,251.40
70.00
41.00
Previous
266.00
119.60
697.80
151.80
415.00
200.00
1,200.00
129.00
124.00
169.00
146.00
190.20
304.50
310.00
8.60
155.50
70.00
1,989.00
75.30
40.20
WoW %
-0.64%
-0.50%
-1.12%
0.46%
-3.61%
-2.20%
0.08%
1.40%
-1.45%
-5.27%
-4.04%
2.47%
-0.82%
0.16%
1.16%
2.89%
0.00%
13.19%
-7.04%
1.99%
Turnover
220,267,565
58,469,961
5,587,072
4,756,966
23,836,069
20,188,881
71,461,466
42,181,537
345,310
5,904,764
1,041,705
141,078,551
864,767
284,053,227
3,864,834
8,367,623
2,887,241
116,070,921
117,262
3,350,962
Proportion
XR Date
Renunciation
The Kingsbury
03 for 08 @ LKR10.0
15-08-2013
02-09-2013
Pelwatte Sugar
01 for 04 @ LKR18.0
Delayed
Delayed
###
###
###
Proportion
EGM Date
XD Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
XC Date
01 for 10 @ LKR17.35
08-08-2013
12-08-2013
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
SCRIP DIVIDEND
Company
CAPITALIZATION OF RESERVES
Company
Tokyo Cement Company
SUBDIVISION OF SHARES
Company
CONSOLIDATION OF SHARES
Company
Page | 4
Local Economy
CURRENCY MOVES
LKR
134
USD : LKR
132
LKR
180
EURO : LKR
LKR
205
175
200
170
195
165
190
124
160
185
122
155
180
130
128
126
LKR
1.40
1.35
1.30
1.25
Japanese Yen : LKR
LKR
120
Singapore Dollar : LKR
LKR
2.35
100
2.30
80
2.25
60
2.20
40
2.15
1.20
20
2.10
1.15
2.05
GBP : LKR
Indian Rupee : LKR
Page | 5
Local Economy
BALANCE OF TRADE
TOURISM
Balance of Trade
Tourist Arrivals
140,000
120,000
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
100,000
80,000
60,000
40,000
20,000
Jan
Exports
Imports
Balance of Trade
May-13
Exports
Imports
Balance of Trade
Apr-13
697
1,522
-825
MoM %
14%
2%
9%
May-12
806
1,575
-769
Apr
May
Jun
2011
Jul
Aug
2012
Sep
Oct
Dec
Jun-13
2013
73,628
512,281
Jun-13
YTD
Nov
2013
For the Month Ending:
YoY %
-1%
-2%
2%
INFLATION & INTEREST RATE
2012 Change %
65,245
13%
452,867
13%
COLOMBO TEA AUCTION STATISTICS
Inflation and Treasury Bill Rate
14%
Mar
2010

May-13
794
1,549
-755
Feb
Elevation
12%
10%
High Grown
Mid Grown
Low Grown
Total
8%
6%
4%
Sale of
31-07-13
380.38
368.05
454.11
429.51
Sale of
24-07-13
382.24
366.78
448.87
423.33
WoW %
-0.49%
0.35%
1.17%
1.46%
Corres. 2012
387.84
346.47
410.48
397.21
WoW %
8.29%
7.89%
Sale of
11-Jul-13
390.00
395.00
YoY %
-1.92%
6.23%
10.63%
8.13%
2%
Jul-12
1-Yr T-Bill
Sep-12
Nov-12
Point to Point
Jan-13
Mar-13

Point to Point
Annual Average Change
1-Yr T-Bill
May-13
Annual Average Change
Jul-13
COLOMBO RUBBER AUCTION STATISTICS
Jul-2013
Jun-13
6.8%
8.6%
12.37%
Jul-13
6.1%
8.3%
10.56%
Basis Points
70
30
181
Elevation
RSS 1
Brown Crepe 1X
Sale of
30-Jul-13
411.50
410.00
Sale of
18-Jun-13
380.00
380.00
WoW %
5.51%
3.80%
Page | 6
Global Markets
EQUITY MARKET OUTLOOK
Index
16,000
Dow Jones Industrial Average
Index
1,750
1,700
15,500
1,650
15,000
1,600
14,500
1,550
14,000
1,500
Index
7,000
6,800
6,600
6,400
6,200
6,000
5,800
5,600
S&P 500 Index
FTSE 100 Index
Index
17,000
15,000
13,000
11,000
9,000
7,000
Nikkei 225
Index
2,900
2,800
2,700
2,600
2,500
2,400
2,300
Index
24,000
23,000
22,000
21,000
20,000
19,000
18,000
EURO STOXX 50 Price EUR
Hong Kong Hang Seng Index
Page | 7
Global Markets
GLOBAL COMMODITY TREND
USD/bbl
110
105
100
95
90
85
80
WTI CRUDE FUTURE
USD/t oz.
1,450
1,400
1,350
1,300
1,250
1,200
1,150
1,100
1,050
GOLD 100 OZ FUTURE
USd/lb.
90
88
86
84
82
80
78
76
74
COTTON NO.2 FUTURE
USd/bu.
720
700
680
660
640
620
600
WHEAT FUTURE(CBT)
USd/lb.
350
340
330
320
310
300
290
280
COPPER FUTURE
Commodity
WTI Crude
USD/bbl
Gold
Copper
USD/t oz.
USd/lb.
Cotton
Wheat
USd/lb.
USd/bu.
This
Week
Last
Week
WoW
Change
104.17
107.55
-3.1%
1,288.60
325.65
1,288.90
318.25
0.0%
2.3%
88.87
647.25
84.95
659.00
4.6%
-1.8%
Page | 8
Gold, which witnessed a steady price increase over a decade, recently plunged on contrary to what many market participant envisaged. Interestingly speculative
outflows fore fronted in price dips. The following report attempts to identify the overall outlook of the factors that drive the global gold prices and its effect on Colombo
Stock Exchange counters which are notably exposed to gold prices through pawning.
Significant decline in global gold prices recently on a speculative note: In 1Q2013 demand for gold dipped
by 13.0%YoY owing to considerable net outflows from gold ETFs. This speculative shorting was associated
with diminishing value of gold as a hedge against inflation as quantitative easing programs in U.S did not
trigger any hyperinflation. In addition in 2012, moderate growth levels recorded in China and India, the
worlds largest importers of physical gold, hampered the demand for physical gold. Furthermore, adding to
the fiasco, as the speculation on cash-trapped European Union governments such as Cyprus might liquidate
their gold reserves had a spiral effect and rattled lots of market participants.
Major decline in Gold Prices in recent periods
USD/Oz
1,900.0
1,800.0
1,700.0
1,600.0
1,500.0
1,400.0
1,300.0
Physical demand for gold soared in 1Q2013 to leverage on low prices: In 1Q2013, physical demand for gold
(Gold jewellery bars and coins) increased by 12.0%YoY supported by the increasing demand from India
(27.0%YoY) and China (20.0%YoY) where both countries accounted for 62.0% of global demand. With the
reviving Indian economy (According to IMF Indian GDP growth is estimated at 5.6% 2013E cf.3.2%) the
demand for physical gold is estimated to propel further. In addition, rationalisation of gold imports in India
and evolving diversification strategies in global central banks could trigger upward pressure on global gold
prices.
Gold is likely to be bottomed out on speculative shorting: Global gold prices are heavily influenced by ETFs
and gold futures as price influence from physical gold demand is lagged due to the complex nature of supply
chain. Our COT analysis indicates that a market extreme could be on sight. On a momentum note,
Speculators increased their long contracts cf. total contracts (long plus short) to 56.0% in 26th July 2013 cf.
54.0% in 16th July 2013 after nearly 4 months of downward trend in the ratio.
CSE counters to watch out for: In CSE, Sampath bank, LB Finance, Pan Asia Bank and Hatton National Bank
had noteworthy exposure to pawning. Hence its possible these companies record an impairment
provisioning in coming quarters which could negatively affect the bottom line. However we expect global
gold prices to stabilize and yield investment opportunities for investors to accumulate value counters at
bargain which might result in knee-jerk price reactions in some counters.
Softlogic Equity Research
1,200.0
1,100.0
1,000.0
Source - www.gold.org
World Bank forecasts flat gold prices
USD/toz
1700
1600
1500
1400
1300
1200
1100
1000
900
800
2008
2009
2010
2011
2012 2013E 2014E 2015E
Source - www.worldbank.org
Page | 9
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
8-Aug-13
Cap.
Cap.
Mar'12
Mar'13
Mar'14E
Mar'15E
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
4Q
Mar'12
Mar'13
Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
4Q
Mar'13
('Mn)
('Mn)
Dec'11
Dec'12
Dec'13E
Dec'14E
Trailing
Dec'11
Dec'12
Dec'13E Dec'14E
Trailing
Dec'11
Dec'12
Dec'13E Dec'13E
Dec'11
Dec'12
Dec'13E Dec'14E
Trailing
Dec'12
3,057
25.51
29.00
29.14
46
14
2,006
57.08
73.94
75.96
57
30
('Mn)
NAVPS
Earnings
P / BV
EPS
EPS Growth (%)
PER
DPS
Trailing
ROE
DY (%)
(%)
Banking, Finance & Insurance

Centra l Fi na nce
CFIN.N0000
Ceyl i nco Ins ura nce
CINS.N0000
Commerci a l Ba nk
COMB.N0000
Commerci a l Ba nk [X]
COMB.X0000
DFCC Ba nk
Buy
181.60
16,109
104.9
19,047 153.59
1.18
2,675
3,041
1,219.80
14,202
26.4
32,220 537.64
2.27
1,508
1,953
Buy
119.00
52,962
848.6
100,989
62.41
1.91
8,048
10,080
11,806
14,510
9,462
9.48
11.88
13.91
17.10
11.15
46
25
17
Buy
95.00
52,962
848.6
80,621
62.41
1.52
8,048
10,080
11,806
14,510
10,056
9.48
11.88
13.91
17.10
11.15
46
25
DFCC.N0000
MTB
130.80
28,139
265.1
34,675 106.14
1.23
2,900
3,523
3,453
3,915
3,523
10.94
13.29
13.02
14.77
13.29
(43)
Ha tton Na ti ona l Ba nk
HNB.N0000
Buy
152.50
51,055
398.9
60,830 127.99
1.19
6,149
8,111
9,607
11,113
7,815
15.42
20.33
24.08
27.86
19.59
Ha tton Na ti ona l Ba nk [X]
HNB.X0000
Buy
110.90
51,055
398.9
44,236 127.99
0.87
6,149
8,111
9,607
11,113
8,086
15.42
20.33
24.08
27.86
La nka Ori x Lea s i ng Compa ny LOLC.N0000
54.50
19,962
475.2
25,898
42.01
1.30
2,933
1,863
1,947
6.17
3.92
LB Fi na nce
LFIN.N0000
Buy
114.10
5,329
69.3
7,902
76.94
1.48
1,714
1,703
2,114
2,494
1,771
24.75
24.58
30.52
Na ti ona l Devel opment Ba nk NDB.N0000
Buy
160.10
22,926
164.7
26,367 139.21
1.15
2,706
8,854
3,533
4,286
8,660
16.43
53.76
Na ti ons Trus t Ba nk
NTB.N0000
Buy
63.10
10,113
230.6
14,551
43.85
1.44
1,534
1,951
2,438
2,990
2,012
6.65
Pa n As i a Ba nk
PABC.N0000
Buy
17.60
4,089
295.0
5,193
13.86
1.27
824
811
859
995
766
Peopl e's Lea s i ng
PLC.N0000
Buy
14.50
19,236
1,579.9
22,908
12.18
1.19
4,542
3,073
3,015
3,590
Sa mpa th Ba nk
SAMP.N0000
Buy
195.60
27,959
167.8
32,813 166.66
1.17
4,151
5,212
5,636
Seyl a n Ba nk
SEYB.N0000
61.00
19,775
345.0
21,043
57.32
1.06
1,006
2,063
La nka Ori x Fi na nce
LOFC.N0000
2.90
5,424
2,800.0
8,120
1.94
1.50
1,246
686
297,279
7,771.3
412,556
38.25
1.39
41,935
52,924
Sample Sector (16)

Full Sector (60)
541,910
3,437
898
3,829
1,026
32.77
7.1
6.3
21.4
16.5
23
12.5
10.0
8.6
17
23
10.0
8.0
21
(2)
13
12.0
28
32
18
16
19.59
28
32
18
16
4.10
(24)
(36)
36.01
25.57
68
(1)
24
21.45
26.03
52.58
26
227
8.46
10.57
12.96
8.72
41
2.79
2.75
2.91
3.37
2.60
3,045
2.87
1.95
1.91
2.27
4,773
24.74
31.07
33.60
2,170
2.92
5.98
629
0.44
0.25
69,778
5.40
6.81
0.32
36.51
0.37
13
6.2
2.9
1.6
16.6
16.1
12.5
1.0
10.6
7.0
10.7
4.5
3.8
15.2
6.8
5.6
8.5
4.5
4.7
15.2
9.8
10.0
8.9
9.8
5.0
3.8
10.3
9.9
7.5
6.3
5.5
7.8
8.5
5.6
12.0
7.2
5.5
4.6
4.0
5.7
8.5
7.7
12.0
8.8
13.9
13.3
0.5
0.9
14.7
18
4.6
4.6
3.7
3.2
4.5
6.5
5.7
32.2
(60)
21
9.7
3.0
7.5
6.2
3.0
15.0
9.4
11.8
27
25
23
9.5
7.5
6.0
4.9
7.2
2.1
3.3
15.2
128
(2)
16
6.3
6.4
6.0
5.2
6.8
1.0
5.7
20.2
1.93
74
(32)
(2)
19
5.0
7.5
7.6
6.4
7.5
1.3
8.6
23.6
28.45
19
26
7.9
6.3
5.8
6.9
6.0
3.1
14.8
6.29
(17)
105
20.9
10.2
9.7
1.0
1.6
5.1
0.22
(0)
(45)
6.5
11.8
12.9
23.0
8.98
19
26
9.8
7.8
31
11
14
5.5
9.0
5.0
7.9
5.9
1.47
14.1
8.2
Beverage, Food and Tobacco

Ca rgi l l s
CARG.N0000
160.00
7,760
224.0
35,840
Ceyl on Toba cco Compa ny
CTC.N0000
1,201.00
3,660
187.3
224,976
Di s ti l l eri es
DIST.N0000
194.90
49,381
300.0
58,470 164.60
Li on Brewery
LION.N0000
362.70
5,910
80.0
29,016
Nes tl e (La nka )
NEST.N0000
2,251.40
3,071
53.7
69,783
845.0
LTB
Sample Sector (5)

Full Sector (20)
34.64
4.62
1,079
578
577
4.82
2.58
2.58
(1)
(46)
19.54 61.47
6,569
8,176
8,734
9,545
8,152
35.07
43.65
46.63
50.95
43.52
29
24
1.18
5,675
5,520
5,816
6,452
5,520
18.92
18.40
19.39
21.51
18.40
(30)
4.91
1,262
1,046
1,146
1,553
1,046
15.78
13.07
14.33
19.41
13.08
25
120,958
57.17 39.38
2,633
2,994
3,513
3,822
3,446
49.01
55.73
65.39
71.14
64.15
39
14
469,259
82.58
17,219
18,313
18,742
20.38
21.67
22.18
73.88
528,570
6.72
33.2
62.1
34.2
27.5
25.8
62.1
2.0
1.3
13.9
23.6
27.6
43.6
3.6
179.5
(3)
11
10.3
10.6
(17)
10
35
23.0
27.7
10.1
9.1
10.6
3.0
1.5
11.5
25.3
18.7
27.7
4.0
1.1
17
45.9
40.4
21.4
34.4
31.6
35.1
54.0
2.4
27.3
25.6
85.7
25.0
4.76
24.7
21.8
Chemicals & Pharmaceuticals

CIC Hol di ngs
CIC.N0000
60.00
7,760
94.8
5,686
81.88
0.73
863
231
239
9.11
2.44
2.52
(7)
(73)
6.6
24.6
23.8
1.6
2.7
11.1
La nkem Ceyl on
LCEY.N0000
140.00
4,459
24.0
3,360 185.81
0.75
513
297
307
21.39
12.36
12.80
(55)
(42)
6.5
11.3
10.9
0.0
0.0
11.5
12,219
118.8
9,046 102.88
0.74
1,376
528
546
11.59
4.44
4.60
(33)
(62)
6.6
17.1
16.6
Sample Sector (2)

Full Sector (10)
19,550
0.93
11.3
12.6
Construction & Engineering

Col ombo Dockya rd
DOCK.N0000
218.70
Sample Sector (1)
10,172
71.9
15,716 141.55
1.55
1,804
1,977
1,564
25.10
27.51
21.77
(13)
10
8.7
7.9
10.0
10,172
71.9
15,716 141.55
1.55
1,804
1,977
1,564
25.10
27.51
21.77
(13)
10
8.7
7.9
10.0
19,322
1.31
Full Sector (4)
8.0
3.7
17.7
17.7
5.1
Diversified Holdings
Ai tken Spence
SPEN.N0000
122.20
28,053
406.0
49,613
69.10
1.77
3,488
3,267
3,267
8.59
8.05
8.05
38
(6)
14.2
15.2
15.2
1.5
1.2
CT Hol di ngs
CTHR.N0000
140.10
13,219
183.1
25,652
72.20
1.94
1,159
1,150
1,150
6.33
6.28
6.28
34
(1)
22.1
22.3
22.3
0.7
0.5
8.8
Ca rs ons Cumberba tch
CARS.N0000
400.00
34,692
196.4
78,555 176.65
2.26
7,017
4,570
4,014
35.73
23.27
20.44
55
(35)
11.2
17.2
19.6
2.0
0.5
20.2
Expol a nka Hol di ngs
EXPO.N0000
6.80
9,081
1,954.9
13,293
Ha yl eys
HAYL.N0000
302.00
22,459
75.0
Hema s Hol di ngs
HHL.N0000
33.00
12,153
515.3
John Keel l s Hol di ngs
JKH.N0000
264.30
89,819
857.8
Ri cha rd Pei ri s
RICH.N0000
6.90
7,949
1,958.1
13,511
Softl ogi c Hol di ngs
SHL.N0000
9.10
8,040
779.0
7,089
Va l l i bel One
VONE.N0000
17.00
27,640
1,086.6
18,472
253,107
8,012.1
472,549
LTB
Buy
Sample Sector (10)

Full Sector (18)
4.65
1.46
1,033
1,061
1,061
0.53
0.54
0.54
(33)
12.9
12.5
12.5
0.1
1.8
11.4
22,650 299.45
1.01
1,038
1,854
1,855
13.84
24.72
24.73
43
79
21.8
12.2
12.2
4.5
1.5
4.6
17,005
23.59
1.40
1,165
1,658
1,658
2.26
3.22
3.22
(4)
42
14.6
10.3
10.3
0.8
2.3
9.6
226,710 104.71
2.52
9,687
12,201
12,201
11.29
14.22
14.22
17
26
23.4
18.6
18.6
3.5
1.3
10.8
4.06
1.70
2,575
1,903
1,903
1.32
0.97
0.97
53
(26)
5.2
7.1
7.1
0.2
2.9
32.4
10.32
0.88
483
301
301
0.62
0.39
0.39
(42)
(38)
14.7
23.5
23.5
0.3
3.3
6.0
25.44
0.67
2,025
1,403
1,403
1.86
1.29
1.29
250
(31)
9.1
13.2
13.2
0.0
0.0
31.59
1.87
29,669
29,367
28,812
3.70
3.67
3.60
30
(1)
15.9
16.1
505,930
1,302
2,323
0.67
2.14
23
66
1.74
10.2
12.4
8.0
16.4
7.3
11.7
15.0
Healthcare
As i ri Hos pi ta l Hol d.
ASIR.N0000
14.50
6,430
1,099.1
15,937
5.85
2.48
600
777
777
0.55
0.71
0.71
215
29
26.6
20.5
20.5
0.3
1.8
9.3
Na wa l oka Hos pi ta l s
NHL.N0000
2.90
3,781
1,409.5
4,088
2.68
1.08
271
454
454
0.19
0.32
0.32
(75)
68
15.1
9.0
9.0
0.1
1.7
7.2
La nka Hos pi ta l s
LHCL.N0000
40.00
27,164
223.7
8,949 121.41
0.33
437
384
482
1.95
1.72
2.15
51
(12)
20.5
23.3
18.6
0.5
1.3
1.6
37,375
2,732.3
0.78
1,308
1,616
1,713
0.48
0.59
0.63
(16)
24
22.2
17.9
16.9
Sample Sector (3)

Full Sector (6)
28,974
43,318
13.68
1.97
3.5
11.9
Page | 10
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
8-Aug-13
Cap.
Cap.
Mar'12
Mar'13
Mar'14E
Mar'15E
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
4Q
Mar'12
Mar'13
Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
4Q
Mar'13
('Mn)
('Mn)
Dec'11
Dec'12
Dec'13E
Dec'14E
Trailing
Dec'11
Dec'12
Dec'13E Dec'14E
Trailing
Dec'11
Dec'12
Dec'13E Dec'13E
Dec'11
Dec'12
Dec'13E Dec'14E
Trailing
Dec'12
('Mn)
NAVPS
Earnings
P / BV
EPS
EPS Growth (%)
PER
DPS
Trailing
ROE
DY (%)
(%)
Hotels and Travels

Ai tken Sp. Ho. Hol d.
AHUN.N0000 M
70.00
12,926
336.3
23,540
38.44
1.82
1,378
1,782
2,148
1,782
4.10
5.30
6.39
5.30
33
29
21
17.1
13.2
11.0
13.2
1.0
1.4
10.7
Ama ya Lei s ure
CONN.N0000
73.10
2,472
48.0
3,511
51.47
1.42
293
377
376
374
6.09
7.84
7.83
7.79
(38)
29
(0)
12.0
9.3
9.3
9.4
4.0
5.5
11.8
As i a n Hotel s & Prop.
AHPL.N0000
70.00
21,697
442.8
30,994
49.00
1.43
2,149
2,494
2,623
2,492
4.85
5.63
5.92
5.63
21
16
14.4
12.4
11.8
12.4
4.0
5.7
9.9
Keel l s Hotel s
KHL.N0000
13.20
16,294
1,456.1
19,221
11.19
1.18
1,105
1,121
1,496
1,121
0.76
0.77
1.03
0.77
111
33
17.4
17.1
12.8
17.1
0.0
0.0
6.8
Ta j
TAJ.N0000
27.60
2,330
139.6
3,854
16.69
1.65
125
246
293
224
0.89
1.76
2.10
1.61
26
97
19
30.9
15.7
13.2
17.2
0.0
0.0
5.4
Tra ns As i a
TRAN.N0000
74.80
6,054
200.0
14,960
30.27
2.47
625
1,066
1,180
1,066
3.12
5.33
5.90
5.33
(5)
71
11
23.9
14.0
12.7
14.0
3.0
4.0
10.3
61,773
2,622.9
96,081
23.55
1.56
5,674
7,086
8,116
6,059
2.16
2.70
3.09
2.31
24
25
15
16.9
13.6
11.8
15.9
Sample Sector (6)

Full Sector (36)
146,038
1.34
9.2
16.7
Land and Property

Col ombo La nd
CLND.N0000
43.30
3,712
199.9
8,655
18.57
2.33
10
335
-90
12
48
0.05
1.68
(0.45)
0.06
0.24
(98)
3,393
(127)
113
902.4
25.8
N/A
721.2
178.6
0.0
0.0
0.3
Overs ea s Rea l i ty
OSEA.N0000
17.90
22,437
843.5
15,098
26.60
0.67
2,681
2,469
1,924
2,158
2,991
3.18
2.93
2.28
2.56
3.55
218
(8)
(22)
12
5.6
6.1
7.8
7.0
5.0
0.3
1.7
11.9
26,149
1,043.4
23,753
25.06
0.91
2,691
2,804
1,834
2,170
3,040
2.58
2.69
1.76
2.08
2.91
102
(35)
18
8.8
8.5
13.0
10.9
7.8
1.1
10.3
Sample Sector (2)

Full Sector (18)
39,750
0.86
9.2
Manufacturing
ACL Ca bl es
ACL.N0000
67.20
5,718
59.9
4,025
95.47
0.70
485
532
543
8.10
8.88
9.06
127
10
Gra i n El eva tors
GRAN.N0000
38.60
2,684
60.0
2,316
44.74
0.86
388
135
87
93
150
6.46
2.24
1.45
1.55
2.49
(18)
(65)
(35)
Chevron Lubri ca nts
LLUB.N0000
Hold
310.50
4,536
120.0
37,260
37.80
8.21
2,001
2,288
2,526
2,621
2,396
16.67
19.06
21.05
21.84
19.97
33
14
La nka Wa l l ti l e
LWL.N0000
LTB
62.50
4,618
54.6
3,413
84.57
0.74
731
520
545
600
520
13.39
9.52
9.98
10.99
9.52
51
(29)
Pi ra ma l Gl a s s
GLAS.N0000
LTB
5.80
3,629
950.1
5,510
3.82
1.52
686
724
761
813
732
0.72
0.76
0.80
0.86
0.77
19
Roya l Cera mi c
RCL.N0000
LTB
95.00
8,401
110.8
10,525
75.83
1.25
1,243
1,670
1,844
2,190
1,752
11.22
15.07
16.64
19.77
15.81
Textured Jers ey
TJL.N0000
Buy
14.20
5,732
655.0
9,301
8.75
1.62
628
1,017
1,186
1,483
1,017
0.96
1.55
1.81
2.26
Tokyo Cement
TKYO.N0000
26.90
6,722
303.8
8,171
22.13
1.22
979
828
828
3.22
42,040
2,314.1
80,521
18.17
1.92
7,141
7,713
7,937
3.09
Sample Sector (8)

Full Sector (36)
106,414
8.3
7.6
7.4
1.0
1.5
8.5
6.0
17.2
26.6
24.9
15.5
0.1
0.4
14.4
10
18.6
16.3
14.8
14.2
15.6
11.0
3.5
44.1
10
4.7
6.6
6.3
5.7
6.6
3.0
4.8
15.8
8.0
7.6
7.2
6.8
7.5
0.4
6.6
18.9
(14)
34
10
19
8.5
6.3
5.7
4.8
6.0
2.0
2.1
14.8
1.55
(8)
62
17
25
14.8
9.1
7.8
6.3
9.1
1.2
8.7
11.0
2.73
2.73
14
(15)
8.3
9.9
9.9
1.0
3.7
14.6
3.33
3.43
15
11.3
10.4
10.1
4.0
17.0
1.42
8.6
Motors
Col oni a l Motors
COLO.N0000
95.00
3,813
15.2
1,444 250.88
0.38
453
120
Di es el & Motor Engi neeri ng
DIMO.N0000
505.50
7,631
8.9
4,487 859.71
0.59
2,702
462
Uni ted Motors
UML.N0000
111.70
7,371
67.3
7,514 109.57
1.02
2,281
2,013
2,011
18,815
91.3
13,445 205.98
0.71
5,436
2,595
2,496
22,193
0.99
Sample Sector (3)

Full Sector (6)
29.80
7.91
1.47
95
(73)
3.2
12.0
64.8
3.0
3.2
11.9
462 304.36
22
52.06
52.05
27
(83)
1.7
9.7
9.7
10.0
2.0
35.4
33.91
29.92
29.90
153
(12)
3.3
3.7
3.7
10.0
9.0
31.0
59.51
28.41
27.32
67
(52)
2.5
5.2
5.4
6.0
28.9
6.6
Oil Palms
Buki t Da ra h
BUKI.N0000
690.00
Sample Sector (1)
31,845
102.0
70,380 312.21
2.21
7,299
5,042
4,405
71.56
49.43
43.19
43
(31)
9.6
14.0
16.0
3.0
0.4
22.9
31,845
102.0
70,380 312.21
2.21
7,299
5,042
4,405
71.56
49.43
43.19
43
(31)
9.6
14.0
16.0
3.0
0.4
22.9
Full Sector (5)
101,239
1.84
19.8
Plantations
Ba l a ngoda
BALA.N0000
26.10
2,638
23.6
617 111.60
0.23
25
118
62
1.08
5.01
2.64
(85)
366
24.3
5.2
9.9
1.0
Hora na
HOPL.N0000
22.80
1,489
25.0
570
59.57
0.38
87
220
201
3.49
8.82
8.04
(73)
152
6.5
2.6
2.8
2.0
Kega l l e
KGAL.N0000
100.00
3,349
25.0
2,500 133.97
0.75
769
544
542
30.77
21.74
21.70
(8)
(29)
3.3
4.6
4.6
12.0
12.0
23.0
Kel a ni Va l l ey
KVAL.N0000
74.00
2,515
34.0
2,516
73.98
1.00
460
584
650
13.54
17.19
19.12
44
27
5.5
4.3
3.9
6.0
8.1
18.3
Kota ga l a
KOTA.N0000
47.40
3,426
40.0
1,896
85.64
0.55
439
517
378
10.97
12.92
9.44
(34)
18
4.3
3.7
5.0
2.5
5.3
12.8
Wa ta wa l a
WATA.N0000 M
11.20
3,843
236.7
2,651
16.24
0.69
455
680
755
1.92
2.87
3.19
(29)
49
5.8
3.9
3.5
0.8
17,261
384.3
10,750
44.91
0.62
2,236
2,664
2,589
5.82
6.93
6.74
(24)
19
4.8
4.0
4.2
Sample Sector (6)

Full Sector (18)
22,768
0.65
1.0
5.9
11.8
13.0
4.0
Power and Energy

La nka IOC
LIOC.N0000
26.30
13,028
532.5
14,006
24.46
1.08
906
2,911
2,911
1.70
5.47
5.47
221
15.5
4.8
4.8
0.0
Va l l i bel
VPEL.N0000
6.00
1,823
747.1
4,483
2.44
2.46
249
289
301
0.33
0.39
0.40
(41)
16
18.0
15.5
14.9
0.3
4.2
13.6
La ugfs Ga s
LGL.N0000
28.10
6,488
387.0
10,875
16.76
1.68
822
1,061
1,021
2.13
2.74
2.64
(4)
29
13.2
10.3
10.6
1.5
5.3
12.7
21,339
1,666.6
29,363
12.80
1.38
1,977
4,261
4,234
1.19
2.56
2.54
(8)
116
14.9
6.9
6.9
Sample Sector (3)

Full Sector (8)
34,957
1.27
7.0
9.3
7.5
Telecommunications
Di a l og Axi a ta
DIAL.N0000
8.70
38,776
8,143.8
70,851
4.76
1.83
5,354
6,521
7,569
8,156
0.66
0.80
0.93
1.00
22
16
13.2
10.9
9.4
8.7
0.3
3.8
Sri La nka Tel ecom
SLTL.N0000
41.00
56,136
1,804.9
73,999
31.10
1.32
4,781
5,329
5,912
4,976
2.65
2.95
3.28
2.76
21
11
11
15.5
13.9
12.5
14.9
0.9
2.1
94,912
9,948.6
144,850
9.54
1.53
10,135
11,850
13,481
13,132
1.02
1.19
1.36
1.32
13
17
14
14.3
12.2
10.7
11.0
Sample Sector (2)

Full Sector (2)
144,850
1.53
13.8
8.5
10.7
11.0
Trading
Browns
BRWN.N0000 M
Si nger Sri La nka
SINS.N0000
Sample Sector (2)

Full Sector (8)
109.30
14,696
70.9
0.53
1,164
240
240
16.43
3.39
3.39
(47)
(79)
6.7
32.3
32.3
1.3
1.2
7.9
95.00
4,681
125.2
11,895
7,747 207.36
37.39
2.54
1,266
1,138
985
10.11
9.09
7.87
90
(10)
9.4
10.5
12.1
6.0
6.3
27.1
19,378
196.1
19,642
98.82
1.01
2,431
1,378
1,225
12.40
7.03
6.25
(15)
(43)
8.1
14.3
16.0
24,870
Sample Market (70)

Total Market (283)
1,013,448 37,920.8 1,896,884

2,361,259
1.07
26.73
1.87
1.71
12.5
18.7
138,331 150,117 169,632 195,077 166,270
3.65
3.96
4.47
5.14
4.38
17
13
15
13.7
12.6
11.2
9.7
11.4
13.6
12.2
Page | 11
Softlogic Equity Sales
Dimantha Mathew
dimantha.mathew@equity.softlogic.lk
+94 11 7277030
Dihan Dedigama
dihan.dedigama@equity.softlogic.lk
+94 11 7277010, +94 77 7689933
Eardley Kern
l.kern@equity.softlogic.lk
+94 11 7277053, +94 77 7348018
Kavindu Ranasinghe
kavindu.ranasinghe@equity.softlogic.lk
+94 11 7277031
Sonali Abayasekera
sonali.abayasekera@equity.softlogic.lk
+94 11 7277051, +94 77 7736059
Thanuja De Silva
thanuja.desilva@equity.softlogic.lk
+94 11 7277059, +94 77 3120018
Imalka Hettiarachchi
imalka.hettiarachchi@equity.softlogic.lk
+94 11 7277032
Branches
Chandima Kariyawasam
chandima.kariyawasam@equity.softlogic.lk
+94 11 7277058, +94 77 7885778
Horana
Negombo
Kurunegala
Madushanka Rathnayaka
No. 212, 1st floor, Panadura road, Horana
Krishan Williams
No. 121, St. Joseph Street Negombo
krishan.williams@equity.softlogic.lk
+94 31 2224714-5, +94 77 3569827
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
bandula.lansakara@equity.softlogic.lk
+94 37 2232875, +94 77 3615790
madushanka.rathnayaka@equity.softlogic.lk
+94 34 7451000, +94 77 3566465
Matara
nd
No. 8A, 2 Floor, FN Building,

Station Road, Matara
+94 41 7451000
The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled
or arrived at based upon information obtained from sources believed to be reliable and in good faith. Such information has not been
independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or
correctness. All such information and opinions are subject to change without notice. This document is for information purposes only,
descriptions of any company or companies or their securities mentioned herein are not intended to be complete and this document is
not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments.
Softlogic Stockbrokers (Pvt) Ltd may, to the extent permissible by applicable law or regulation, use the above material, conclusions,
research or analysis in which they are based before the materialized disseminated to their customers. Not all customers will receive
the material at the same time. Softlogic Stockbrokers, their respective directors, officers, representatives, employees, related persons
and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or other financial instruments mentioned or
issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such
securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent.
Softlogic Stockbrokers may make markets in securities or other financial instruments described in this publication, in securities of
issuers described here in or in securities underlying or related to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently
underwritten the securities of an issuer mentioned herein. This document may not be reproduced, distributed, or published for any
purposes.
Page | 12

Weekly Plus - 2013 Issue 32 (08.08.2013)

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Weekly Plus - 2013 Issue 32 (08.08.2013)

Uploaded by

Copyright:

Available Formats

2013

Week Ending 08-08-2013

Weekly Market Wrap Up

Local Economy in Brief

Our Core Coverage

Weekly Stat Page

Weekly Turnover and Volume

Daily Index Movement

Weekly Foreign Purchases and Sales

Net Foreign 1,044

Daily Foreign Activity

Weekly Foreign Flow

Weekly Market Valuations

Weekly Sector Statistics

Linear (Foreign Activity)

Change in Foreign Holding

BANKS FINANCE & INS.

Weekly Stock Trends

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

S & P SL20 Debrief

Daily Index Movement

Ceylon Tobacco Company

Tokyo Cement Company

Kandy Hotels Company

S&P SL20 Companies

Japanese Yen : LKR

Singapore Dollar : LKR

Indian Rupee : LKR

For the Month Ending:

INFLATION & INTEREST RATE

COLOMBO TEA AUCTION STATISTICS

Inflation and Treasury Bill Rate

For the Month Ending:

For the Month Ending:

Annual Average Change

COLOMBO RUBBER AUCTION STATISTICS

Dow Jones Industrial Average

S&P 500 Index

FTSE 100 Index

EURO STOXX 50 Price EUR

Hong Kong Hang Seng Index

WTI CRUDE FUTURE

GOLD 100 OZ FUTURE

COTTON NO.2 FUTURE

Major decline in Gold Prices in recent periods

Softlogic Equity Research

World Bank forecasts flat gold prices

2012 2013E 2014E 2015E

Mkt Price Book Val.

EPS Growth (%)

Banking, Finance & Insurance

Ceyl i nco Ins ura nce

Ha tton Na ti ona l Ba nk [X]

La nka Ori x Lea s i ng Compa ny LOLC.N0000

Na ti ona l Devel opment Ba nk NDB.N0000

Peopl e's Lea s i ng

La nka Ori x Fi na nce

Sample Sector (16)

Beverage, Food and Tobacco

Ceyl on Toba cco Compa ny