Weekly Plus - 2014 Issue 02 (10.01.2014)

2014
Issue 02
Week Ending 10-01-2014
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:
Company Outlook MHDL: IPO
Pg 09
Our Core Coverage
Pg 10- Pg 11
Weekly Stat Page

Weekly Market Statistics
Weekly Turnover and Volume
Daily Index Movement

6,200
6,000
6,100
250
5,000
5,900
5,800
5,700
200
4,000
150
3,000
100
2,000
0
20-Dec
ASPI
27-Dec
Turnover (LHS)
3-Jan
10-Jan
Volume (RHS)
Weekly Foreign Purchases and Sales
Daily Foreign Activity

70%
60%
50%
40%
30%
20%
10%
0%
Current
Previous
6083.14
5973.80
3384.51
3294.82
4,984.6
2374.3
216.2
108.5
2,530.8
2485.3
WoW %
1.8%
2.7%
109.9%
99.3%
1.8%
50
1,000
5,600
('Mn)
LKR ('Mn)
6,000
ASPI
S&P SL20
Turnover (LKR 'bn)
Volume ('mn)
Market Cap. (LKR 'bn)
Net Foreign -872
251
-3
Weekly Foreign Flow

LKR ('mn)
Foreign Purchases
Foreign Sales
Net Foreign Inflow
Foreign Participation
Current
Previous
WoW %
2,163.7
733.1 195.1%
1,722.9
735.9 134.1%
440.8
-2.8 -16039%
49%
15% 216.2%
441
Weekly Market Valuations
2,500
Current
Previous
16.4
16.1
2.0
2.0
2.9
2.9
2,000
LKR ('Mn)
PER
PBV
DY
1,500
1,000
WoW %
1.9%
1.9%
0.0%
500
Weekly Sector Statistics
0
20-Dec
Foreign Activity
27-Dec
Foreign Buying
Linear (Foreign Activity)
3-Jan
10-Jan
Foreign Sales
Change in Foreign Holding

Growth in Foreign Holding
HNB (+)
JKH
COMMERCIAL BANK (+)
NAT. DEV. BANK (+)
ACCESS ENG SL
Growth in Growth in
Value
Foreign Decline in Foreign Holding
LKR 'mn
Holding
147.5
121.8
87.9
23.1
16.6
1.4%
0.10%
0.2%
0.20%
56.98%
JKH[W.0023]
SAMPATH (+)
LION BREWERY
HAYLEYS - MGT
CHEVRON (+)
Decline in
Value
LKR 'mn
-33.0
-10.7
-8.7
-6.2
-5.6
Decline in
Foreign
Holding
-1.87%
-0.24%
-0.09%
-5.3%
-0.06%
BANKS FINANCE & INS.

BEV. FOOD & TOBACCO
CHEM. & PHARMA.
CONS. & ENG.
DIVERSIFIED
HEALTH CARE
HOTELS & TRAVELS
LAND & PROPERTY
MANUFACTURING
MOTORS
PLANTATIONS
TELECOM
Current
Previous
13,596.3 13,114.7
20,623.1 20,572.5
6,566.9
6,508.6
2,782.5
2,781.1
1,809.2
1,784.7
707.0
681.8
3,220.4
3,194.3
583.5
583.8
2,962.9
2,889.5
15,035.7 14,700.2
756.0
734.5
159.6
156.6
WoW %
3.7%
0.2%
0.9%
0.1%
1.4%
3.7%
0.8%
0.0%
2.5%
2.3%
2.9%
1.9%
Page | 2
Weekly Stock Trends

Weekly Top Gainers
Company
Current
Previous
WoW %
High
Low
Volume
1.30
1.10
18.18%
1.30
1.10
4,325,836
5,202,138
2.00
0.70
138.20
119.30
15.84%
149.90
125.00
337
46,307
210.00
91.00
1,675.00
1,450.00
15.52%
1,750.00
1,600.00
3,350
2,020.00
811.00
MERC. SHIPPING
140.00
122.00
14.75%
145.00
115.00
680
198.00
115.00
BLUE DIAMONDS
3.60
3.20
12.50%
3.70
3.20
19,092,780
68,022,296
4.50
1.50
BLUE DIAMONDS[NON VOTING]

SERENDIB ENG.GRP
CEYLON PRINTERS
Turnover
52 High
52 Low
Weekly Top Losers

Company
Current
Previous
WoW %
High
0.30
0.40
-25.00%
0.40
0.30
976,118
315,854
0.50
0.30
97.30
124.90
-22.10%
121.50
97.00
13,157
1,354,985
164.20
93.60
PARAGON
725.00
871.00
-16.76%
725.10
725.00
45
32,627
1,300.00
650.00
PC HOUSE
0.60
0.70
-14.29%
0.70
0.60
1,293,123
888,823
5.90
0.50
13.70
15.50
-11.61%
14.10
13.70
3,351
46,564
28.40
12.80
Turnover
52 High
52 Low
S M B LEASING[NON VOTING]
CIT
CAL FINANCE
Low
Volume
Turnover
52 High
52 Low
Weekly Top Performers

Company
Current
Previous
WoW %
High
Low
Volume
TEA SERVICES
680.00
627.90
8.30%
680.00
629.90
1,469,979
999,386,752
700.00
550.00
COMMERCIAL BANK
120.90
120.00
0.75%
122.00
120.00
1,561,394
190,433,434
126.00
102.00
HNB
143.00
142.40
0.42%
144.00
141.00
1,021,568
145,816,393
176.00
140.00
JKH
225.00
223.00
0.90%
225.50
219.00
388,957
87,140,315
299.80
204.00
3.60
3.20
12.50%
3.70
3.20
19,092,780
68,022,296
4.50
1.50
BLUE DIAMONDS
Weekly Top Volume

Company
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
BLUE DIAMONDS
3.60
3.20
12.50%
3.70
3.20
19,092,780
68,022,296
4.50
1.50
BLUE DIAMONDS[NON VOTING]
1.30
1.10
18.18%
1.30
1.10
4,325,836
5,202,138
2.00
0.70
TOUCHWOOD
2.80
3.00
-6.67%
3.00
2.80
2,528,476
7,168,383
9.80
0.90
28.30
30.00
-5.67%
30.00
25.10
1,844,451
48,094,471
39.00
25.10
120.90
120.00
0.75%
122.00
120.00
1,561,394
190,433,434
126.00
102.00
ABANS FINANCIAL
COMMERCIAL BANK
Page | 3
S & P SL20 Debrief
Announcements
DIVIDENDS
Daily Index Movement
Company
3,450
3,400
3,350
3,300
3,250
3,200
Dividend (LKR)
XD Date
Commercial Bank
1.00
16-01-2014
27-01-2014
The Good Hope
14.74
16-01-2014
27-01-2014
Shalimar (Malay)
19.59
16-01-2014
27-01-2014
The Indo Malay
8.13
16-01-2014
27-01-2014
Selinsing
26.55
16-01-2014
27-01-2014
0-Jan-1900
0.00
00-01-1900
00-01-1900
0-Jan-1900
0.00
00-01-1900
00-01-1900
0-Jan-1900
0.00
00-01-1900
00-01-1900
3,150
3,100
3,050
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)
LANKA ORIX LEASING COMPANY
NESTLE LANKA
ASIAN HOTELS & PROPERTIES
LION BREWERY CEYLON
Payment
Current
225.00
120.90
615.90
143.00
344.00
169.00
1,128.60
126.50
103.50
160.10
148.00
190.30
292.00
271.60
9.00
148.00
75.00
2,131.00
65.00
359.10
Previous
223.00
120.00
620.00
142.40
350.00
170.30
1,144.00
128.00
95.10
160.00
142.00
195.00
293.00
267.50
9.00
148.00
72.80
2,105.30
64.00
370.00
WoW %
0.90%
0.75%
-0.66%
0.42%
-1.71%
-0.76%
-1.35%
-1.17%
8.83%
0.06%
4.23%
-2.41%
-0.34%
1.53%
0.00%
0.00%
3.02%
1.22%
1.56%
-2.95%
Turnover
87,140,315
190,433,434
134,065
145,816,393
2,372,222
8,696,068
4,965,853
1,101,475
854,445
5,159,908
6,060,915
2,596,400
47,644,319
5,008,973
1,991,222
107,474
724,308
2,741,017
2,180,424
92,269
Proportion
XR Date
Renunciation
Pelawatte Sugar
1 for 4 @ LKR18.0
To Be Notified
To Be Notified
Arpico Finance
2 for 3 @ LKR50.0
To Be Notified
To Be Notified
###
###
###
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
SCRIP DIVIDEND
Company
CAPITALIZATION OF RESERVES
Company
Proportion
EGM Date
XC 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
SUBDIVISION OF SHARES
Company
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
0
0
0
0
0
CONSOLIDATION OF SHARES
Company
0-Jan-1900
0-Jan-1900
Page | 4
Local Economy
CURRENCY MOVES
LKR
USD : LKR
131
131
131
131
130
130
130
LKR
1.40
1.35
1.30
1.25
1.20
1.15
LKR
182
EURO : LKR
180
178
176
174
172
Japanese Yen : LKR
LKR
107
106
105
104
103
102
101
100
Singapore Dollar : LKR
LKR
218
216
214
212
210
208
206
204
LKR
2.16
2.14
2.12
2.10
2.08
2.06
2.04
2.02
2.00
GBP : LKR
Indian Rupee : LKR
Page | 5
Local Economy
BALANCE OF TRADE
TOURISM
Balance of Trade
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
Tourist Arrivals
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
Jan
Exports
Imports
Nov-13
Exports
Imports
Balance of Trade
Oct-13
1,041
1,535
-494
MoM %
-1%
7%
-25%
Nov-12
828
1,821
-993
Apr
May
Jun
2011
Jul
Aug
2012
Sep
Oct
Dec
Dec-13
2013
153,918
1,274,593
Dec-13
YTD
Nov
2013
For the Month Ending:
YoY %
25%
-10%
38%
INFLATION & INTEREST RATE
2012 Change %
122,252
26%
1,005,605
27%
COLOMBO TEA AUCTION STATISTICS
Inflation and Treasury Bill Rate
14%
Mar
2010

Nov-13
1,032
1,648
-616
Feb
Balance of Trade
Elevation
12%
10%
High Grown
Mid Grown
Low Grown
Total
8%
6%
4%
Sale of
30-Dec-13
442.25
459.69
534.95
496.50
Sale of
18-Dec-13
434.47
436.39
541.83
501.01
WoW %
1.79%
5.34%
-1.27%
-0.90%
Corres. 2012
401.72
396.37
469.68
444.14
WoW %
-4.38%
-2.38%
Sale of
26-Sep-13
411.50
415.00
YoY %
10.09%
15.97%
13.90%
11.79%
2%
Dec-12
Feb-13
1-Yr T-Bill
Apr-13
Point to Point
Jun-13
Aug-13

Point to Point
Annual Average Change
1-Yr T-Bill
Oct-13
Annual Average Change
Dec-13
COLOMBO RUBBER AUCTION STATISTICS
Dec-2013
Nov-13
5.6%
7.3%
9.15%
Dec-13
4.7%
6.9%
8.29%
Basis Points
90
40
86
Elevation
RSS 1
Brown Crepe 1X
Sale of
03-Dec-13
349.00
410.00
Sale of
22-Oct-13
365.00
420.00
WoW %
-15.19%
-1.20%
Page | 6
Global Markets
EQUITY MARKET OUTLOOK
Index
17,000
Dow Jones Industrial Average
Index
1,900
16,500
1,850
16,000
1,800
15,500
1,750
15,000
1,700
14,500
1,650
Index
6,900
6,800
6,700
6,600
6,500
6,400
6,300
6,200
FTSE 100 Index
Index
17,000
15,000
13,000
11,000
9,000
7,000
S&P 500 Index
Nikkei 225
Index
3,150
3,100
3,050
3,000
2,950
2,900
2,850
2,800
Index
24,500
24,000
23,500
23,000
22,500
22,000
21,500
EURO STOXX 50 Price EUR
Hong Kong Hang Seng Index
Page | 7
Global Markets
GLOBAL COMMODITY TREND
USD/bbl
102
100
98
96
94
92
90
88
WTI CRUDE FUTURE
USd/lb.
90
COTTON NO.2 FUTURE
USD/t oz.
1,400
1,350
1,300
1,250
1,200
1,150
1,100
GOLD 100 OZ FUTURE
USd/bu.
800
WHEAT FUTURE(CBT)
85
600
80
400
75
200
70
USd/lb.
350
COPPER FUTURE
340
330
320
310
300
Commodity
WTI Crude
USD/bbl
Gold
Copper
USD/t oz.
USd/lb.
Cotton
Wheat
USd/lb.
USd/bu.
This Week
Last
Week
WoW
Change
92.54
94.48
-2.1%
1,231.90
331.30
1,237.50
333.70
-0.5%
-0.7%
83.63
582.75
83.70
607.75
-0.1%
-4.1%
Page | 8
Millennium Housing Developers Limited (MHDL) is a 77% owned subsidiary of Nation Lanka Finance PLC. The company which was incorporated in 1998 was formally
known as Ceylinco Developers Limited. MHDL pioneers in Mega Township Development projects with the emphasis to target the needs of the low and medium income
earners. The mega township projects run under the companys flagship brand Millennium City.
Millennium Housing Limited: Currently operates in Ja-Ela and Piliyandala properties and is
responsible for constructing Heartland category of houses.
Millennium Villa Housing Development Limited: Company is responsible for Villa branded
houses that were introduced in the Ja-Ela property.
Ceylinco Housing Corporation Limited: No commercial operations and commenced liquidation process in 2012.
Ceylinco Construction Company Limited: The Company is in the process of being re-activated as the construction arm of the group.
Softlogic Equity Research
Page | 9
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
10-Jan-14
Cap.
('Mn)
Cap.
('Mn)
('Mn)
NAVPS
Earnings
P / BV
EPS
Mar'12
Mar'13
Mar'14E
Mar'15E
Dec'11
Dec'12
Dec'13E Dec'14E
EPS Growth (%)
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Trailing
Dec'11
Dec'12
Dec'13E Dec'14E Trailing
3,084
25.51
29.00
2,087
57.08
73.94
4Q
PER
DPS
Mar'12
Mar'13 Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'12 Dec'13E Dec'13E
Dec'11
Dec'12
4Q
Mar'13
Dec'12
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 D
Commerci a l Ba nk [X]
COMB.X0000
DFCC Ba nk
Buy
185.00
18,283
104.9
19,403 174.32
1.06
2,675
3,041
1,206.50
14,364
26.4
31,869 543.79
2.22
1,508
1,953
3,437
3,829
32.77
Buy
126.30
58,257
849.1
107,239
68.61
1.84
8,048
10,080
10,685
12,591
9,676
9.48
11.87
12.58
Buy
96.70
58,257
849.1
82,106
68.61
1.41
8,048
10,080
10,685
12,591
9,676
9.48
11.87
DFCC.N0000
MTB
150.60
37,196
265.1
39,924 140.31
1.07
2,900
3,523
3,453
3,915
3,210
10.94
Ha tton Na ti ona l Ba nk
HNB.N0000
Buy
155.00
55,738
399.6
61,933 139.50
1.11
6,149
8,111
9,258
11,113
8,931
Ha tton Na ti ona l Ba nk [X]
Buy
122.20
55,738
399.6
48,827 139.50
0.88
6,149
8,111
9,258
10,908
71.50
21,220
475.2
33,977
44.65
1.60
2,933
1,863
7,120
77.81
1.32
1,714
1,703
2,114
36.51
29.41
46
14
79.01
57
30
7.3
6.4
21.1
16.3
14.83
11.40
46
25
18
13.3
10.6
10.0
12.58
14.83
11.40
46
25
18
10.2
8.1
13.29
13.02
14.77
12.11
(43)
21
(2)
13
13.8
15.39
20.30
23.17
27.81
22.35
28
32
14
20
10.1
8,931
15.39
20.30
23.17
27.81
22.35
1,816
6.17
3.92
3.82
28
32
14
20
(24)
(36)
2,494
1,427
24.75
24.58
30.52
36.01
20.60
68
(1)
24
HNB.X0000
La nka Ori x Lea s i ng Compa ny LOLC.N0000
LB Fi na nce
LFIN.N0000
Buy
102.80
5,389
69.3
Na ti ona l Devel opment Ba nk NDB.N0000
Buy
180.50
24,757
164.7
29,727 150.32
1.20
2,706
8,854
3,533
4,286
9,030
16.43
53.76
21.45
26.03
54.83
26
227
Na ti ons Trus t Ba nk
NTB.N0000
Buy
65.30
11,207
230.6
15,059
48.60
1.34
1,534
1,951
2,211
2,625
2,052
6.65
8.46
9.59
11.38
8.90
41
Pa n As i a Ba nk
PABC.N0000
Buy
16.90
4,128
295.0
4,986
13.99
1.21
824
811
325
633
450
2.79
2.75
1.10
2.14
1.53
Peopl e's Lea s i ng
PLC.N0000
Buy
13.70
18,930
1,579.9
21,644
11.98
1.14
4,542
3,073
3,015
3,590
3,007
2.87
1.95
1.91
2.27
Sa mpa th Ba nk
SAMP.N0000
Buy
175.30
28,856
167.8
29,413 171.98
1.02
4,151
5,212
4,074
6,241
3,881
24.74
31.06
24.28
37.19
Seyl a n Ba nk
SEYB.N0000
64.00
20,799
345.0
22,077
60.29
1.06
1,006
2,063
1,988
2.92
5.98
La nka Ori x Fi na nce
LOFC.N0000
3.20
5,931
2,800.0
8,960
2.12
1.51
1,246
686
617
0.44
0.25
325,055
7,772.4
433,331
41.82
1.33
41,935
52,924
69,861
5.40
6.81
Sample Sector (16)

Full Sector (60)
563,690
898
1,026
0.32
0.37
13
11
5.6
6.3
2.9
1.6
14.6
15.3
12.5
1.0
10.5
8.5
11.1
4.5
3.6
13.8
7.7
6.5
8.5
4.5
4.7
13.8
11.3
11.6
10.2
12.4
5.0
3.3
7.8
7.6
6.7
5.6
6.9
8.5
5.5
11.0
5.3
4.4
7.9
6.0
11.6
18.2
18
4.2
4.2
3.4
(60)
21
11.0
3.4
27
13
19
9.8
128
(2)
(60)
95
1.90
74
(32)
(2)
23.13
19
26
(22)
5.76
(17)
105
0.22
(0)
(45)
8.99
19
26
31
5.1
5.5
8.5
7.0
11.0
18.7
0.5
0.7
13.8
2.9
5.0
6.5
6.3
31.8
8.4
6.9
3.3
15.0
8.3
10.9
7.7
6.8
5.7
7.3
2.1
3.2
13.7
6.1
6.1
15.4
7.9
11.1
1.0
5.9
20.0
19
4.8
7.0
7.2
6.0
7.2
1.3
9.1
24.0
53
7.1
5.6
7.2
4.7
7.6
6.0
3.4
14.4
22.0
10.7
11.1
1.0
1.6
4.8
7.2
13.1
14.5
21.0
10.3
8.2
14
10.0
8.7
6.2
1.42
12.9
8.7
Beverage, Food and Tobacco

Ca rgi l l s
CARG.N0000
148.00
11,755
224.0
33,152
Ceyl on Toba cco Compa ny
CTC.N0000
1,190.00
4,565
187.3
222,915
Di s ti l l eri es
DIST.N0000
200.00
49,925
300.0
60,000 166.42
Li on Brewery
LION.N0000
368.00
6,136
80.0
29,440
Nes tl e (La nka )
NEST.N0000
2,126.80
3,475
53.7
75,856
845.0
LTB
Sample Sector (5)

Full Sector (20)
52.48
2.82
1,079
578
422
4.82
2.58
1.88
(1)
(46)
30.7
57.4
24.37 48.83
6,569
8,176
8,734
9,545
8,603
35.07
43.65
46.63
50.95
45.93
29
24
33.9
27.3
25.5
1.20
5,675
5,520
5,816
6,452
5,577
18.92
18.40
19.39
21.51
18.59
(30)
(3)
11
10.6
10.9
4.80
1,262
1,046
1,121
1,465
965
15.78
13.07
14.01
18.31
12.06
25
(17)
31
23.3
28.1
114,263
64.68 32.88
2,633
2,994
3,513
3,822
3,557
49.01
55.73
65.39
71.14
66.20
39
14
17
43.4
38.2
459,771
89.77
17,219
18,313
19,123
20.38
21.67
22.63
26.7
25.1
76.71
517,705
6.06
78.6
2.0
1.4
9.2
23.4
25.9
45.2
3.8
143.9
10.3
9.3
10.8
3.0
1.5
11.4
26.3
20.1
30.5
4.0
1.1
20.6
32.5
29.9
32.1
54.0
2.5
75.8
24.0
4.37
22.7
21.7
Chemicals & Pharmaceuticals

CIC Hol di ngs
CIC.N0000
57.00
7,577
94.8
5,402
79.95
0.71
863
231
128
9.11
2.44
1.35
(7)
(73)
6.3
23.4
42.2
1.6
2.9
11.4
La nkem Ceyl on
LCEY.N0000
125.60
3,154
24.0
3,014 131.41
0.96
513
297
-226
21.39
12.36
(9.43)
(55)
(42)
5.9
10.2
-13.3
1.5
1.2
16.3
10,730
118.8
8,416
0.78
1,376
528
-99
11.59
4.44
(0.83)
(33)
(62)
6.1
16.0
-85.4
Sample Sector (2)

Full Sector (10)
90.35
18,440
0.94
12.8
21.2
Construction & Engineering

Col ombo Dockya rd
DOCK.N0000
190.30
Sample Sector (1)
10,477
71.9
13,675 145.80
1.31
1,804
1,977
1,079
25.10
27.51
15.01
(13)
10
7.6
6.9
12.7
10,477
71.9
13,675 145.80
1.31
1,804
1,977
1,079
25.10
27.51
15.01
(13)
10
7.6
6.9
12.7
39,452
2.52
Full Sector (4)
8.0
4.2
17.2
17.2
9.5
Diversified Holdings
Ai tken Spence
SPEN.N0000
106.20
28,815
406.0
43,117
70.97
1.50
3,488
3,267
3,121
8.59
8.05
7.69
38
(6)
12.4
13.2
13.8
1.5
1.4
CT Hol di ngs
CTHR.N0000
140.00
16,707
183.1
25,634
91.25
1.53
1,159
1,150
1,407
6.33
6.28
7.68
34
(1)
22.1
22.3
18.2
0.7
0.5
6.9
Ca rs ons Cumberba tch
CARS.N0000
355.00
30,175
196.4
69,717 153.65
2.31
7,017
4,570
2,988
35.73
23.27
15.21
55
(35)
9.9
15.3
23.3
2.0
0.6
23.3
Expol a nka Hol di ngs
EXPO.N0000
8.30
9,466
1,954.9
16,226
Ha yl eys
HAYL.N0000
299.90
23,074
75.0
Hema s Hol di ngs
HHL.N0000
35.70
12,849
John Keel l s Hol di ngs
JKH.N0000
231.80
Ri cha rd Pei ri s
RICH.N0000
Softl ogi c Hol di ngs
SHL.N0000
Va l l i bel One
VONE.N0000
LTB
LTB
4.84
1.71
1,033
1,061
1,143
0.53
0.54
0.58
(33)
15.7
15.3
14.2
0.1
1.4
10.9
22,493 307.66
0.97
1,038
1,854
2,150
13.84
24.72
28.67
43
79
21.7
12.1
10.5
4.5
1.5
4.5
515.3
18,396
24.94
1.43
1,165
1,658
1,920
2.26
3.22
3.73
(4)
42
15.8
11.1
9.6
0.8
2.1
9.1
93,134
990.0
229,487
94.07
2.46
9,687
12,201
11,776
9.78
12.32
11.89
17
26
23.7
18.8
19.5
3.5
1.5
10.4
6.80
8,065
1,958.1
13,315
4.12
1.65
2,575
1,903
1,369
1.32
0.97
0.70
53
(26)
5.2
7.0
9.7
0.2
2.9
31.9
9.10
7,327
779.0
7,089
9.41
0.97
483
301
254
0.62
0.39
0.33
(42)
(38)
14.7
23.5
27.9
0.3
3.3
6.6
16.50
30,388
1,086.6
17,928
27.97
0.59
2,025
1,403
1,033
1.86
1.29
0.95
250
(31)
8.9
12.8
17.4
0.0
0.0
260,000
8,144.4
463,401
31.92
1.78
29,669
29,367
27,161
3.64
3.61
3.33
30
(1)
15.6
15.8
Sample Sector (10)

Full Sector (18)
496,674
1,302
10,952
10,653
2,323
0.67
11.06
10.76
2.14
23
(10)
(3)
66
12.5
12.1
21.0
21.5
7.7
17.1
1.66
6.7
11.4
17.0
Healthcare
As i ri Hos pi ta l Hol d.
ASIR.N0000
16.00
5,831
1,099.1
17,585
5.31
3.02
609
696
930
0.55
0.63
0.85
219
14
28.9
25.2
18.9
0.5
3.1
10.4
Na wa l oka Hos pi ta l s
NHL.N0000
2.90
3,886
1,409.5
4,088
2.76
1.05
271
454
345
0.19
0.32
0.24
(75)
68
15.1
9.0
11.9
0.1
1.7
7.0
Softlogic EquityLHCL.N0000
ResearchD
44.00
27,164
223.7
9,844 121.41
0.36
437
384
564
1.95
1.72
2.52
51
(12)
22.5
25.6
17.4
0.5
1.1
1.6
36,880
2,732.3
0.85
1,317
1,535
1,839
0.48
0.56
0.67
(15)
17
23.9
20.5
17.1
La nka Hos pi ta l s
Sample Sector (3)

Full Sector (6)
31,517
46,221
13.50
2.11
1,027
1,082
0.93
0.98
47
17.1
16.3
18.2
Page | 10
3.6
Name
Y/E
Rec
Mkt Price Book Val.
Share
Market
10-Jan-14
Cap.
Cap.
Mar'12
Mar'13
Mar'14E
('Mn)
('Mn)
Dec'11
Dec'12
Dec'13E Dec'14E
('Mn)
NAVPS
Earnings
P / BV
EPS
Mar'15E
EPS Growth (%)
4Q
Mar'12
Mar'13
Mar'14E Mar'15E
Trailing
Dec'11
Dec'12
4Q
PER
DPS
Mar'12
Mar'13 Mar'14E Mar'14E
Mar'12
Mar'13
Mar'14E Mar'15E
Dec'11
Dec'12 Dec'13E Dec'13E
Dec'11
Dec'12
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
Hotels and Travels

Ai tken Sp. Ho. Hol d.
AHUN.N0000 M
70.00
13,283
336.3
23,540
39.50
1.77
1,378
1,782
2,148
1,956
4.10
5.30
6.39
5.82
33
29
21
17.1
13.2
11.0
12.0
1.0
1.4
10.4
Ama ya Lei s ure
CONN.N0000 M
73.00
2,594
48.0
3,506
54.01
1.35
293
377
376
344
6.09
7.84
7.83
7.16
(38)
29
(0)
12.0
9.3
9.3
10.2
4.0
5.5
11.3
As i a n Hotel s & Prop.
AHPL.N0000
67.90
21,335
442.8
30,064
48.19
1.41
2,149
2,494
2,386
2,493
2,480
4.85
5.63
5.39
5.63
5.60
21
16
(4)
14.0
12.1
12.6
12.1
12.1
4.0
5.9
10.1
Keel l s Hotel s
KHL.N0000
12.50
16,771
1,456.1
18,202
11.52
1.09
1,105
1,121
870
994
1,110
0.76
0.77
0.60
0.68
0.76
111
(22)
14
16.5
16.2
20.9
18.3
16.4
0.0
0.0
6.6
Ta j
TAJ.N0000
28.50
2,051
139.6
3,980
14.69
1.94
125
246
293
-165
0.89
1.76
2.10
(1.18)
26
97
19
31.9
16.2
13.6
-24.1
0.0
0.0
6.1
Tra ns As i a
TRAN.N0000
82.00
5,971
200.0
16,400
29.85
2.75
625
1,066
884
1,007
3.12
5.33
4.42
5.04
(5)
71
(17)
26.2
15.4
18.6
16.3
3.0
3.7
10.5
62,006
2,622.9
95,693
23.64
1.54
5,674
7,086
6,957
5,732
2.16
2.70
2.65
2.19
24
25
(2)
16.9
13.5
13.8
Sample Sector (6)

Full Sector (36)
314,245
927
4.64
17.7
16.7
2.66
9.2
35.3
Land and Property

Col ombo La nd
CLND.N0000
39.00
2,702
199.9
7,795
13.52
2.88
10
335
-90
12
72
0.05
1.68
(0.45)
0.06
0.36
(98)
3,393
(127)
113
812.8
23.3
N/A
649.6
108.9
0.0
0.0
0.4
Overs ea s Rea l i ty
OSEA.N0000
19.00
23,360
843.5
16,026
27.69
0.69
2,681
2,469
1,924
2,158
3,848
3.18
2.93
2.28
2.56
4.56
218
(8)
(22)
12
6.0
6.5
8.3
7.4
4.2
0.3
1.6
11.5
26,062
1,043.4
23,822
24.98
0.91
2,691
2,804
1,834
2,170
3,919
2.58
2.69
1.76
2.08
3.76
102
(35)
18
8.9
8.5
13.0
11.0
6.1
1.1
10.3
Sample Sector (2)

Full Sector (18)
40,349
0.84
7.4
Manufacturing
ACL Ca bl es
ACL.N0000
69.30
5,848
59.9
4,151
97.63
0.71
485
532
534
8.10
8.88
8.91
127
10
Gra i n El eva tors
GRAN.N0000
37.60
2,794
60.0
2,256
46.56
0.81
388
135
87
93
-94
6.46
2.24
1.45
1.55
(1.56)
(18)
(65)
(35)
Chevron Lubri ca nts
LLUB.N0000
Hold
274.50
5,348
120.0
32,940
44.56
6.16
2,001
2,288
2,562
2,701
2,513
16.67
19.06
21.35
22.51
20.94
33
14
La nka Wa l l ti l e
LWL.N0000
LTB
59.10
5,260
54.6
3,227
96.33
0.61
731
520
545
600
497
13.39
9.52
9.98
10.99
9.10
51
(29)
Pi ra ma l Gl a s s
GLAS.N0000
Hold
4.30
3,373
950.1
4,085
3.55
1.21
686
724
361
532
694
0.72
0.76
0.38
0.56
0.73
19
Roya l Cera mi c
RCL.N0000
LTB
89.00
8,479
110.8
9,860
76.53
1.16
1,243
1,670
1,844
2,190
1,103
11.22
15.07
16.64
19.77
9.96
Textured Jers ey
TJL.N0000
Buy
16.00
6,152
655.0
10,480
9.39
1.70
628
1,017
1,186
1,483
1,192
0.96
1.55
1.81
2.26
Tokyo Cement
TKYO.N0000
Buy
31.10
7,793
334.1
10,391
23.32
1.33
979
893
1,968
1,511
1,883
2.93
2.67
5.89
4.52
45,045
2,344.5
77,390
19.21
1.72
7,141
7,778
8,322
3.05
3.32
Sample Sector (8)

Full Sector (36)
108,002
8.6
7.8
7.8
1.0
1.4
8.3
5.8
16.8
25.9
24.3
-24.1
0.1
0.4
13.9
12
16.5
14.4
12.9
12.2
13.1
15.0
5.5
37.4
10
4.4
6.2
5.9
5.4
6.5
3.0
5.1
13.9
(50)
47
6.0
5.6
11.3
7.7
5.9
0.4
8.8
20.4
(14)
34
10
19
7.9
5.9
5.3
4.5
8.9
2.0
2.2
14.7
1.82
(8)
62
17
25
16.7
10.3
8.8
7.1
8.8
1.2
7.8
10.2
5.63
14
(9)
120
(23)
10.6
11.6
5.3
6.9
5.5
1.0
3.2
12.6
3.55
15
10.8
10.0
4.9
15.9
9.3
1.36
8.6
Motors
Col oni a l Motors
84.00
3,315
15.2
1,277 218.11
0.39
453
120
Di es el & Motor Engi neeri ng DIMO.N0000 M
COLO.N0000
509.20
7,618
8.9
4,520 858.25
0.59
2,702
462
Uni ted Motors
113.10
7,895
67.3
7,608 117.37
0.96
2,281
2,013
1,808
18,829
91.3
13,405 206.13
0.71
5,436
2,595
1,671
21,448
0.94
UML.N0000
Sample Sector (3)

Full Sector (6)
-210
29.80
7.91
(13.80)
95
(73)
2.8
10.6
-6.1
3.0
3.6
13.7
73 304.36
52.06
8.23
27
(83)
1.7
9.8
61.9
10.0
2.0
35.5
33.91
29.92
26.88
153
(12)
3.3
3.8
4.2
10.0
8.8
28.9
59.51
28.41
18.30
67
(52)
2.5
5.2
8.0
6.0
28.9
10.7
Oil Palms
Buki t Da ra h
BUKI.N0000
620.00
Sample Sector (1)
27,684
102.0
63,240 271.41
2.28
7,299
5,042
2,649
71.56
49.43
25.97
43
(31)
8.7
12.5
23.9
3.0
0.5
26.4
27,684
102.0
63,240 271.41
2.28
7,299
5,042
2,649
71.56
49.43
25.97
43
(31)
8.7
12.5
23.9
3.0
0.5
26.4
96,459
1.87
Full Sector (5)
27.9
Plantations
Ba l a ngoda
BALA.N0000
33.00
2,701
23.6
780 114.26
0.29
25
118
87
1.08
5.01
3.70
(85)
366
30.7
6.6
8.9
1.0
Hora na
HOPL.N0000
24.00
1,394
25.0
600
55.77
0.43
87
220
125
3.49
8.82
4.99
(73)
152
6.9
2.7
4.8
2.0
Kega l l e
KGAL.N0000
103.40
3,264
25.0
2,585 130.55
0.79
769
544
479
30.77
21.74
19.15
(8)
(29)
3.4
4.8
5.4
12.0
11.6
23.6
Kel a ni Va l l ey
KVAL.N0000
83.90
2,558
34.0
2,853
75.23
1.12
460
584
391
13.54
17.19
11.51
44
27
6.2
4.9
7.3
6.0
7.2
18.0
Kota ga l a
KOTA.N0000
37.40
3,187
40.0
1,496
79.67
0.47
439
517
-173
10.97
12.92
(4.32)
(34)
18
3.4
2.9
-8.7
2.5
6.7
13.8
Wa ta wa l a
WATA.N0000 M
10.10
3,883
236.7
2,390
16.41
0.62
455
680
510
1.92
2.87
2.15
(29)
49
5.3
3.5
4.7
0.8
16,986
384.3
10,704
44.20
0.63
2,236
2,664
1,419
5.82
6.93
3.69
(24)
19
4.8
4.0
7.5
Sample Sector (6)

Full Sector (19)
24,733
0.69
0.9
6.3
11.7
13.2
7.5
Power and Energy

La nka IOC
LIOC.N0000
37.10
15,331
532.5
19,757
28.79
1.29
906
2,911
4,371
1.70
5.47
8.21
221
21.8
6.8
4.5
1.0
Va l l i bel
VPEL.N0000
5.80
2,160
747.1
4,333
2.89
2.01
249
289
626
0.33
0.39
0.84
(41)
16
17.4
15.0
6.9
0.3
4.3
11.5
La ugfs Ga s
LGL.N0000
30.90
6,781
387.0
11,958
17.52
1.76
822
1,061
1,484
2.13
2.74
3.83
(4)
29
14.5
11.3
8.1
1.5
4.9
12.1
24,271
1,666.6
36,048
14.56
1.49
1,977
4,261
6,482
1.19
2.56
3.89
(8)
116
18.2
8.5
Sample Sector (3)

Full Sector (8)
41,439
1,434
1,657
3.70
4.28
35
16
8.3
7.2
5.9
5.6
1.34
8.1
5.8
Telecommunications
Di a l og Axi a ta
DIAL.N0000
9.30
38,620
8,143.8
75,737
4.74
1.96
5,354
6,521
5,016
0.66
0.80
0.62
22
14.1
11.6
15.1
0.3
3.5
Sri La nka Tel ecom
SLTL.N0000
37.10
56,871
1,804.9
66,960
31.51
1.18
4,781
5,329
4,774
2.65
2.95
2.65
21
11
14.0
12.6
14.0
0.9
2.3
95,491
9,948.6
142,697
9.60
1.49
10,135
11,850
9,790
1.02
1.19
0.98
13
17
14.1
12.0
14.6
Sample Sector (2)

Full Sector (2)
142,697
0.00
(100)
1.49
13.9
8.4
10.6
14.6
Trading
Browns
BRWN.N0000 M
88.00
14,064
70.9
3.39
(79)
5.4
26.0
10.7
0.5
0.6
8.3
4,875
125.2
11,807
38.94
2.42
661
10.11
9.09
8.21
5.28
(47)
94.30
240
1,138
16.43
SINS.N0000
1,164
1,266
582
Si nger Sri La nka
90
(10)
9.3
10.4
17.9
6.0
6.4
26.0
18,939
196.1
18,044
96.59
0.95
2,431
1,378
1,242
12.40
7.03
6.34
(15)
(43)
7.4
13.1
14.5
Sample Sector (2)
Full Sector (8)
Sample Market (70)

Total Market (284)
6,237 198.43
23,101
1,054,312 38,084.6 1,891,154
2,553,746
0.44
1.01
27.68
1.79
1.78
12.8
17.5
138,340 150,101 162,109 183,183 160,190
3.63
3.94
4.26
4.81
4.21
17
13
13.7
12.6
11.7
10.3
11.8
14.0
13.1
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
Kavindu Ranasinghe
kavindu.ranasinghe@equity.softlogic.lk
+94 11 7277031
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
Eardley Kern
l.kern@equity.softlogic.lk
+94 11 7277053, +94 77 7348018
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
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

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Weekly Plus - 2014 Issue 02 (10.01.2014)

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2014

Week Ending 10-01-2014

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

Daily Foreign Activity

Net Foreign -872

Weekly Foreign Flow

Weekly Market Valuations

Weekly Sector Statistics

Linear (Foreign Activity)

Change in Foreign Holding

BANKS FINANCE & INS.

Weekly Stock Trends

BLUE DIAMONDS[NON VOTING]

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

BLUE DIAMONDS[NON VOTING]

S & P SL20 Debrief

Daily Index Movement

The Good Hope

The Indo Malay

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

FTSE 100 Index

S&P 500 Index

EURO STOXX 50 Price EUR

Hong Kong Hang Seng Index

WTI CRUDE FUTURE

COTTON NO.2 FUTURE

GOLD 100 OZ FUTURE

Softlogic Equity Research

Mkt Price Book Val.

EPS Growth (%)

Dec'13E Dec'14E Trailing

Mar'13 Mar'14E Mar'14E

Dec'12 Dec'13E Dec'13E

Dec'13E Dec'14E Trailing

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