You are on page 1of 6

Thursday, October 31, 2013

Today 5,954.62 3,282.07 Point Change + 20.21 + 16.25 % Change 0.34 % p 0.50 % p

ASPI S&P SL 20 Index YTD Performance ASPI S&P SL 20 Index


Level 23, East Tower, World Trade Centre, Colombo 01 Tel: +94 11 727 7000, Fax: +94 11 727 7099 Email: research@equity.softlogic.lk

5.5% 6.4% 632.6 841.7 47.1 37.3 2,476.3 121.5 311.4 190.0 23.1

Today's Turnover (LKR mn) Annual Average Daily Turnover (LKR mn) Volume (mn) Annual Average Daily Volume (mn) Market Capitalization (LKR bn) Net Foreign Inflow / (Outflow) [LKR mn] - Foreign Buying (LKR mn) - Foreign Selling (LKR mn) YTD Net Foreign Inflow / (Outflow) [LKR bn]

Bourse ended on a positive note...

CSE Diary for 31.10.2013


Indices on a positive trend: The benchmark index depicted intra-day volatility and ended on a positive note gaining 20 points at 5954.62. The main contributors for the gain in the index were John Keells Holdings (+1.68%), Carsons Cumberbatch (+4.56) and Dialog Axiata (+3.41%). S&PSL20 too followed the same pattern and closed at 3284.26. Crossings contributed 37% to the turnover: The blue-chip players; John keels Holdings and Chevron Lubricants Lanka recorded two crossings each. The former crossed a total of 393k shares at LKR223.0 and the latter added two blocks accumulating to 288k shares at LKR275.0. The Lion Brewery Ceylon also contributed to the crossings board through a single block of 100k shares at LKR360.0. Peoples Leasing & Finance too crossed a single block of 2.5mn shares at a 52 week low price (off board) of LKR13.3.

On board interest on TJL: Followed by an impressive 68% increase in the quarterly earnings, Textured Jersey Lanka attracted notable on board investor interest and touched an intra-day high price of LKR16.1 before closing at a 52 week high price of LKR16.0 (+1.91%). Investor interest continued to surround Tokyo Cement Company with 920k shares changing hands. Active retail investor interest: Retail investors were active during the day with buying interest notably in Touchwood Investments, Tokyo Cement, Environmental Resources Investments and Textured Jersey.

Statistical Look Up
Treasury Bill (%) 3 months 6 months 12 months AWPLR Excess Liquidity (LKR 'bn) Inflation (%) Oct-13 as at 30.10.2013 YoY Change Annual Avg Week ending 30.10.2013 8.56 9.00 9.83 11.30 -16.01

6000 5900

Index

5800
5700 5600

6.7 7.6

ASPI Turnover LKR ('mn)


3350 3300 3,000 2,500 2,000 1,500 1,000 500 0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0

Volume ('mn)

Index

3250 3200 3150

S&P SL20

Turnover

Volume

Today All Share Price Index S&P SL20 Index Turnover (LKR mn) Turnover (USD mn) Volume (mn shares) Traded Entities Market Capitalization (LKR bn) Foreign Purchases (LKR mn) Foreign Sales (LKR mn) Net Foreign Inflow (LKR mn) Market PER (X) Market PBV (X) Market Dividend Yield SECTOR INDICES Banks, Finance & Insurance Beverage, Food & Tobacco Construction & Engineering Diversified Healthcare Hotels & Travels Land & Property Manufacturing Plantation Telecom 5,954.6 3,282.1 632.6 4.8 47.1 214 2,476.3 311.4 190.0 121.5 15.8 2.1 2.8 Today 12,877.2 19,457.1 2,855.6 1,804.3 691.9 3,251.7 570.8 2,936.7 734.6 161.2

Pre Day 5,934.4 3,265.8 942.7 7.2 126.8 226 2,467.8 464.5 13.3 451.2 15.7 2.1 2.8 Pre Day 12,844.8 19,550.0 2,859.4 1,782.9 700.5 3,239.6 571.4 2,937.3 734.4 158.9

Change % 0.34% p 0.50% p -32.89% -32.89% -62.88% -5.31% 0.34% -32.95% 1325.97% -73.07% 0.34% 0.35% 0.00% % Change 0.25% -0.48% -0.13% 1.20% -1.23% 0.37% -0.10% -0.02% 0.03% 1.46% p q q p q p q q p p

Last Week 5,936.4 3,263.8 516.8 3.9 40.6 228 2,468.6 110.3 88.3 21.9 16.0 2.2 2.6 Last Week 12,838.2 19,649.7 2,820.1 1,781.2 705.9 3,242.5 573.8 2,900.7 733.1 161.2

% WoW Change 0.31% 0.56% 22.41% 22.41% 15.80% -6.14% 0.31% 182.48% 115.01% 454.63% -1.75% -3.56% 7.69% % WoW Change 0.30% -0.98% 1.26% 1.29% -1.98% 0.28% -0.52% 1.24% 0.21% 0.00% Page | 2.

Softlogic Equity Research

High Index Calibre USD350 Mn


Company
JOHN KEELLS HOLDINGS CEYLON TOBACCO CARSON CUMBERBATCH NESTLE LANKA SRI LANKA TELECOM COMMERCIAL BANK [V] BUKIT DARAH DIALOG AXIATA HNB [V] AITKEN SPENCE DISTILLERIES LOLC CARGILLS DFCC BANK SAMPATH BANK ASIAN HOTELS & PROPERTIES

% of Mkt Cap 7.7% 8.5% 3.1% 4.1% 2.8% 3.8% 2.8% 3.0% 1.9% 1.9% 2.2% 1.2% 1.4% 1.3% 1.2% 1.3%

Volume 805,694 4,868 4 835 208 107,577 0 291,047 1 0 1,401 710 13 198 28,741 1,101

Turnover LKR ('000) 179,103.04 5,462.21 1.56 1,595.07 8.29 12,685.18 0.00 2,632.46 0.15 0.00 259.19 44.73 1.95 24.35 4,910.83 80.56

Turnover USD ('000) 1,367.13 41.69 0.01 12.18 0.06 96.83 0.00 20.09 0.00 0.00 1.98 0.34 0.01 0.19 37.49 0.61

Intraday High (LKR) 224.40 1,123.00 390.00 1,915.00 39.90 118.10 0.00 9.10 147.00 0.00 186.50 63.00 154.00 123.00 172.00 74.90

Intraday Low (LKR) 220.00 1,120.00 390.00 1,910.00 38.80 117.00 0.00 8.90 147.00 0.00 185.00 63.00 150.00 123.00 170.50 73.00

Close 223.60 1,121.90 390.00 1,910.00 38.80 118.00 685.00 9.10 147.00 115.00 185.00 63.00 150.30 123.00 170.80 74.50

Price Gainers
Company
LANKA CENTURY [W0003] HAPUGASTENNE LANKA CERAMIC GOOD HOPE LANKA CENTURY [W0006]

Price Losers
Today 0.60 34.00 119.40 1,297.90 1.50 Change + 0.10 + 3.60 + 11.20 + 97.90 + 0.10 % Change Company 20.00% 11.84% 10.35% 8.16% 7.14%
SERENDIB LAND HOTEL SIGIRIYA CIFL MULLERS DURDANS [X]

Today 1,202.30 76.70 1.20 1.30 72.00

Change - 259.80 - 8.00 - 0.10 - 0.10 - 5.00

% Change -17.77% -9.45% -7.69% -7.14% -6.49%

Top 05 Performers for the Day


Company
JKH CHEVRON LION BREWERY PEOPLES LEASING TOUCHWOOD

Today 223.60 267.00 365.00 13.40 4.20

Pre Day 219.90 274.10 365.00 13.30 4.10

% Change 1.68% -2.59% 0.00% 0.75% 2.44%

Volume (mn) 0.81 0.31 0.10 2.54 6.20

Contribution to Total T/O 7.2% 3.5% 1.5% 1.4% 1.1%

Turnover (LKR) 179,103,043 86,079,836 36,000,000 33,729,982 26,213,755

Most Active
Company
S M B LEASING[NON VOTING] TOUCHWOOD PCH HOLDINGS LANKA CENTURY[WARRANTS] PEOPLES LEASING

Today 0.50 4.20 1.60 1.50 13.40

Pre Day 0.50 4.10 1.70 1.40 13.30

% Change 0.00% 2.44% -5.88% 7.14% 0.75%

Volume (mn) 11.28 6.20 5.75 3.34 2.54

Contribution to Total T/O 0.2% 1.1% 0.4% 0.2% 1.4%

Turnover (LKR) 5,558,902 26,213,755 9,199,292 5,100,278 33,729,982

Softlogic Equity Research

Page | 3.

Currency Board
Local - Indicative Rate against LKR
Currency Australia China EU India Japan UK USA Dollar Yuan Euro Rupee Yen Pound Dollar Indicative Rate 31.10.2013 124.48 21.51 179.91 2.14 1.33 210.08 131.01

CSE Announcements
Dividends
Company Commercial Bank 0 0 0 0
Company Description

DPS (LKR) 1.50 0.00 0.00 0.00 0.00


Proportion 0 0

XD Date 08-11-2013 0 0 00-Jan-00 00-Jan-00


XR Date

Payment Date 19-11-2013 1/0/1900 1/0/1900 00-Jan-00 00-Jan-00


Renunciation

Rights Issues / Scrip Dividend / Sub division / Capitalization


0 0 0 0 0 0 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900 1/0/1900

Source: www.cbsl.gov.lk

New Listing
Company 0 0 Type of Security Code 1/0/1900 1/0/1900 Board 1/0/1900 1/0/1900 Offer Price 0.00% 0.00%

Key Corporate Diclosures


Textured Jersey has appointed Mr. Sriyan Joseph De Silva Wijerathna as the managing director/Chied Exective officer of the company with effect from 1st November 2013

Material Dealings by Related Parties of Listed Companies


Company NO DEALING BY DIRECTORS Name 0 0 Relationship 0 0 Transaction 0 0 Quantity 0 0 Price (LKR) 0.00 0.00 Date 0 0

Global Markets
Index AMERICA Dow Jones Industrial Average EUROPE EURO STOXX 50 Price EUR FTSE 100 Index ASIA Nikkei 225
* Time is as at ET

Value 15,618.8 3,048.7 6,748.2 14,327.9

Change -61.6 8.0 -29.6 -174.4

Change % -0.39% q 0.26% p -0.44% q -1.20% q

Time* 16:48 06:36 06:36 02:28

Source: www.bloomberg.com

Commodity Markets
Commodity ENERGY Crude Oil (WTI) AGRICULTURE ICE Cotton #2 CBOT Wheat METALS COMEX Gold COMEX Copper
* Time is as at ET

Units USD/bbl. USd/lb. USd/bu. USD/t oz. USd/lb.

Price 96.77 78.31 676.75 1,333.80 330.30

Change 0.00 0.47 1.75 -15.50 -2.25

Change % 0.00% p 0.60% p 0.26% p -1.15% q -0.68% q

Time* 06:25 06:22 06:45 06:26 06:25 Page | 4.

Source: www.bloomberg.com

Softlogic Equity Research

TOP STORIES
Local
Sri Lanka inflation at 6.7-pct in October Sri Lanka's consumer prices rose 6.7 percent in October 2013 from a year earlier, accelerating from 6.2 percent in September, the state statistics office said. Sri Lanka's Colombo Consumer Price Index rose 0.2 percent in the month to 176.1 points in the month. Sri Lanka's inflation has been stable for several months and the index fell for two straight months in August and September. Sri Lanka's central bank cut policy rates amid call by the International Monetary Fund to keep policy unchanged. [Source: www.lbo.lk] Nations Trust Bank's planned Rs3bn junior debt rated 'A-(lka)': Fitch Fitch Ratings said a 3.0 billion rupees subordinated debt offer of Sri Lanka's Nations Trust Bank has been given an expected 'A-(lka)' rating. The rating agency also confirmed a 'A(lka)' long term rating of the bank, which is a notch higher, with a stable outlook.' "The ratings reflect NTB's broadly stable credit profile, its evolving franchise and on-going process improvements, which are counterbalanced by its increasing exposure to segments that are more susceptible to economic cycles," Fitch said. [Source: www.lbo.lk] Sri Lanka's Sampath Bank to sell Rs5.0bn in debt Fitch Ratings said Sampath Bank is planning a 5.0 billion rupee listed debt sale which has been given a rating of 'A+(lka)'. The debentures are to be listed on the Colombo Stock Exchange. SB expects to use the proceeds to strengthen the bank's regulatory Tier 2 capital base and reduce asset and liability maturity mismatches

[Source: www.lbo.lk] LOLC Leisure begins Beruwela project LOLC Leisure, yesterday laid the foundation for 'Phase One' of its Mega Tourism Development in Beruwela. Phase One, will comprise of a fully integrated resort of internationally benchmarked, five star standard with 500 rooms offering all ultra modern luxuries, complemented by extensive MICE facilities.The total investment for the project is Rs 800 million. It is envisioned that an international hotel chain will be awarded the management contract of Phase One, upon its completion and the vetting of offers is presently underway. [Source: www.dailynews.lk]

Global
Gold Extends Decline as Fed Sees Growth While Keeping Stimulus Gold retreated for a third day, trimming a monthly advance, on speculation that the U.S. Federal Reserve will begin scaling back monetary stimulus as the economy improves. Silver, platinum and palladium fell. Bullion for immediate delivery lost as much as 0.7 percent to $1,335.30 an ounce, and traded at $1,335.70 at 2:22 p.m. in Singapore. Prices are up 0.5 percent this month as investors bet that the Fed wont slow the pace of asset purchases until next year after a 16-day government shutdown hurt the economy. [Source: www.bloomberg.com] Euro-Area Inflation Cools to Four-Year Low as Unemployment Rises Euro-area inflation cooled to the slowest in almost four years in October, moving further away from the European Central Banks goal. The annual rate fell to 0.7 percent, the lowest since November 2009, from 1.1 percent in September, the European Unions statistics office in Luxembourg said in a preliminary estimate today. The median forecast in a Bloomberg News survey of 42 economists was for the rate to stay at 1.1 percent. Separate data today showed unemployment was at a record 12.2 percent in September. [Source: www.bloomberg.com] Softlogic Equity Research Page | 5.

Softlogic Equity Research


Dimantha Mathew dimantha.mathew@equity.softlogic.lk +94 11 7277030 Kavindu Ranasinghe kavindu.ranasinghe@equity.softlogic.lk +94 11 7277031 Imalka Hettiarachchi imalka.hettiarachchi@equity.softlogic.lk +94 11 7277032

Branches Softlogic Equity Sales


Dihan Dedigama dihan.dedigama@equity.softlogic.lk +94 11 7277010, +94 77 7689933 Eardley Kern Horana Madushanka Rathnayaka No. 212, 1st Floor, Panadura Road, Horana madushanka.rathnayaka@equity.softlogic.lk +94 34 7451000, +94 77 3566465 Negombo Krishan Williams No. 121, St. Joseph Street Negombo krishan.williams@equity.softlogic.lk +94 31 2224714-5, +94 77 3569827 Kurunegala Bandula Lansakara No.13, Rajapihilla Mawatha, Kurunegala bandula.lansakara@equity.softlogic.lk +94 37 2232875, +94 77 3615790

l.kern@equity.softlogic.lk
+94 11 7277053, +94 77 7348018 Chandima Kariyawasam chandima.kariyawasam@equity.softlogic.lk +94 11 7277058, +94 77 7885778 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

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 customeLKRNot 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.

Softlogic Equity Research

Page | 6.