Weekly Review by Asia Securities Research

Volume 18

02 May 2014

In This Issue;

ASI Daily Closing

Bourse Gains on Positive Local Sentiment
The Colombo bourse sustained the upward momentum throughout the
week, notably witnessing sharp gains on……

Pg 02

Colombo Bourse’s Billion Rupee Club

(ASI)
6,300
6,250
6,200
6,150
6,100
6,050
6,000
5,950

Table below shows the members who have qualified to be a
part of ‘Asia Securities Research’s Billion Rupee Club’.
Pg 03

Analysis of Various Warrants Listed on CSE
Commodity Prices
Buoyancy at the Bourse may keep up…

Pg 04
Pg 05

The sentiment on economic prospects of Sri Lanka seems
Major Price Movements
exceptionally bright. In terms of Treasury bond valuations ……

Pg05

1,400
1,200
1,000
800
600
400
200
0

9- 10- 11- 16- 17- 21- 22- 23- 24- 25- 28- 29- 30- 2Apr Apr Apr Apr Apr Apr Apr Apr Apr Apr Apr Apr Apr May
Turnover
ASI closing

Market Statistics
All Share Index
S&P
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)

02-May

25-Apr

% Chg.

6,248.44
3,435.81
13,879.27
19,981.95
1,899.40
3,256.56
181.78
3,091.58
2,616.60
20.02
3,542.80
27.10
885.70
174.10
721.60
893.10

6,167.81
3,387.97
13,844.68
19,614.20
1,837.86
3,231.75
181.98
3,054.28
2,582.90
19.75
4,069.00
31.12
813.80
156.60
1,263.90
477.90

1.3
1.4
0.2
1.9
3.3
0.8
-0.1
1.2
1.3
1.3
-12.9
-12.9
8.8
11.2
-43.4
86.9

Large Trades

Major Price Movements
Company

(LKR

Price

+/-LKR

+/- %

Company

Volume

Smb Leasing Plc(X)

0.5

0.1

25.00

Expolanka Holdings

28,985,084

Keells Food Products

75

15

25.00

Union Bank

7,813,879

Laxapana Batteries

4.6

0.8

21.05

Asia Asset Finance

6,318,386

Equity Two

38

6.3

19.87

Laxapana Batteries

6,225,860

Merchant Bank Of Sri Lanka

16.4

2.3

16.31

Renuka Agri Foods

5,883,224

Indo Malay

1600

-200

-11.11

Softlogic Holdings

5,700,412

Pch Holdings
Swadeshi Industrial Works
Pc Pharma
George Steuart Finance

0.8

-0.1

-11.11

The Finance(X)

5,635,566

14000

-3000

-17.65

Watawala Plantations

5,536,158

0.7

-0.2

-22.22

Vallibel One

5,060,124

58.5

-21.5

-26.88

Smb Leasing Plc

4,857,569

Weekly Review by Asia SecuritiesResearch

02 May2014

Bourse Gains on Positive Local Sentiment
The Colombo bourse sustained the upward momentum throughout the week, notably witnessing sharp gains on Wednesday
and Friday as it steamed surpassing the 6,200 mark. The ASI soared 80.6 points WoW to close at 6,248.4 points (+1.3%),
whilst the S&P SL20 Index gained 47.8 points WoW to close at 3,435.8 points (+1.4%). Indices benefited mainly on the
back of gains made by Ceylon Tobacco Company (+4.2% WoW), Carson Cumberbatch (+8.0% WoW), John Keells
Holdings (+1.6% WoW), Expolanka Holdings (+12.6% WoW) and Vallibel One (+11.7% WoW).
Despite contribution from foreign investors being lower cf. previous weeks, bourse recorded healthy turnover during the
week with a gain of c. 1.3% WoW. Renewed confidence and participation from local retail, high net worth and institutional
investors fuelled the market to cross its 3-month high. Reaffirming this, average daily trades for the week rose to 8,239 cf.
5,733 recorded during the previous week. Net profits attributable to shareholders of 11 companies which have released their
1QCY2014 results so far reflect an improvement of 16.2% YoY during the Quarter. Further, the downward trend in
Treasury yields together with CBSL’s announcement to keep policy rates low is likely to encourage the equity market
going forward.
Aitken Spence which witnessed divestment of foreign holdings together with several large trades in the normal board
during the week emerged as the week’s top turnover contributor adding c. 9.9% to the week’s total turnover. Further the
daily average turnover for the week increased to LKR885.7mn against LKR813.8mn recorded during the previous week,
which is a 8.8% WoW gain.
Expolanka Holdings which attracted retail, high net worth/institutional interest emerged as the highest volume traded
stock for the week with close to 29.0mn shares being traded during the week, while its share price gained 12.6% during the
week to close at LKR10.7. Further counters such as First Capital Holdings, John Keells Holdings, Watawala
Plantations and Royal Ceramics Lanka witnessed crossings during the week. Meanwhile the week recorded average
share volume of 43.5mn against 31.3mn recorded in the previous week, which is a 39.0% WoW gain.
The Lighthouse Hotel, AMW Capital Leasing & Finance and Harischandra Mills made announcements on Final
dividends during the week. Further, John Keells Holding announced that parliamentary approval has been granted for its
integrated resort under the Strategic Development Act and it has commencd construction of its highly anticipated integrated
resort project - Waterfront properties.
The week saw foreign purchases amounting to LKR721.6mn whilst foreign sales amounted to LKR893.1mn. Market
capitalisation stood at LKR 2,616.6bn and the YTD performance is 5.7%.

A member of Asia Capital Group

2

Weekly Review by Asia Securities Research

02 May 2014

Colombo Bourse’s Billion Rupee Club
Table below shows the members who have qualified to be a part of ‘Asia Securities Research’s 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

Code

JOHN KEELLS HOLDINGS
COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
CEYLON TOBACCO
HNB [V]
HNB [NV]
DISTILLERIES
SRI LANKA TELECOM
DIALOG TELEKOM
LANKA IOC
SAMPATH BANK
AITKEN SPENCE
PEOPLE’S LEASING
NESTLE LANKA
DFCC BANK
CARSON CUMBERBATCH
CENTRAL FINANCE
ACCESS ENGINEERING LIMITED
NDB
OVERSEAS REALTY
CEYLINCO INSURANCE [V]
CHEVRON LUBRICANTS
ASIAN HOTEL & PROPERTIES
SEYLAN BANK [V]
SEYLAN BANK [NV]
TOKYO CEMENT [V]
TOKYO CEMENT [NV]
CEYLON GUARDIAN
NATIONS TRUST BANK
AIT. SPENCE HOTEL HOLD.
HEMAS HOLDINGS
BUKIT DARAH
LOLC
CEYLON COLD STORES
UNITED MOTORS
HAYLEYS
LAUGFS GAS
LAUGFS GAS [NV]
EXPOLANKA HOLDINGS
CEYLON INVESTMENT
JOHN KEELLS HOTELS
RICHARD PIERIS
LB FINANCE
LION BREWERY
BROWNS
LEE HEDGES
C T HOLDINGS
TEXTURED JERSEY
UNION ASSURANCE
VALLIBEL ONE LIMITED
COMMERCIAL LEASING & FINANCE
JANASHAKTHI

JKH N
COMBN
COMBX
CTC N
HNB N
HNB X
DISTN
SLTLN
DIALN
LIOCN
SAMPN
SPENN
PLC N
NESTN
DFCCN
CARSN
CFINN
AEL N
NDB N
OSEAN
CINSN
LLUBN
AHPLN
SEYBN
SEYBX
TKYON
TKYOX
GUARN
NTB N
AHUNN
HHL N
BUKIN
LOLCN
CCS N
UML N
HAYLN
LGL N
LGL X
EXPON
CINVN
KHL N
RICHN
LFINN
LIONN
BRWNN
SHAWN
CTHRN
TJL N
UAL N
VONEN
CLC N
JINSN

Price
237.00
127.50
97.00
1110.00
158.50
126.90
205.50
48.00
9.30
42.80
191.50
99.40
15.30
1980.00
160.00
405.00
190.00
23.00
195.00
21.10
1270.50
269.00
64.10
69.00
39.50
38.50
33.00
181.00
67.00
75.50
42.40
600.00
76.20
159.00
119.30
285.00
37.00
29.50
10.70
81.00
13.80
7.00
115.00
420.50
93.00
270.00
142.00
17.90
112.50
20.00
3.90
14.30

ROE
10.34%
17.19%
17.19%
211.77%
13.29%
13.29%
11.33%
9.04%
13.09%
29.52%
11.48%
11.67%
17.83%
78.39%
8.86%
10.60%
16.56%
20.06%
10.78%
10.81%
14.62%
52.31%
11.44%
10.27%
10.27%
25.19%
25.19%
15.33%
19.80%
14.76%
15.77%
7.63%
10.05%
21.31%
24.29%
7.43%
22.83%
22.82%
15.98%
16.48%
7.82%
15.08%
22.17%
18.05%
8.17%
33.98%
6.89%
17.86%
21.95%
3.45%
11.70%
22.09%

ROE: Trailing 4 quarters return on equity
BVPS: Most recent quarter book value per share
Net Profit: Trailing 4 quarters net profit

BVPS
119.84
71.16
71.16
23.04
143.82
143.82
172.16
33.13
4.88
31.15
188.71
73.89
11.76
78.47
136.42
153.52
181.61
14.07
148.69
28.66
892.44
40.33
48.56
65.69
65.69
25.78
25.78
170.22
46.79
41.60
25.39
264.85
42.01
98.53
119.96
307.94
18.50
18.50
5.19
83.80
11.77
4.30
82.40
81.73
197.59
651.86
89.58
9.64
59.70
28.41
1.35
12.48

12,273.31
10,562.28
10,562.28
9,140.00
7,650.42
7,650.42
5,850.80
5,403.00
5,201.03
4,896.45
3,634.96
3,499.77
3,311.00
3,304.74
3,205.99
3,195.24
3,153.93
2,822.23
2,641.92
2,612.95
2,609.08
2,531.90
2,459.79
2,326.15
2,326.15
2,169.76
2,169.76
2,142.05
2,136.40
2,065.08
2,063.41
2,061.39
2,006.78
1,995.48
1,959.95
1,716.45
1,634.59
1,634.26
1,622.37
1,360.42
1,339.87
1,286.93
1,265.19
1,180.35
1,144.36
1,134.26
1,129.40
1,127.91
1,123.44
1,066.27
1,005.00
1,000.47

Trailing EPS
12.39
12.23
12.23
48.79
19.12
19.12
19.50
2.99
0.64
9.19
21.66
8.62
2.10
61.51
12.09
16.27
30.07
2.82
16.02
3.10
130.45
21.10
5.56
6.74
6.74
6.49
6.49
26.09
9.26
6.14
4.00
20.21
4.22
21.00
29.14
22.89
4.22
4.22
0.83
13.81
0.92
0.65
18.27
14.75
16.15
221.51
6.17
1.72
13.11
0.98
0.16
2.76

Trailing PE
19.1
10.4
7.9
22.7
8.3
6.6
10.5
16.0
14.6
4.7
8.8
11.5
7.3
32.2
13.2
24.9
6.3
8.1
12.2
6.8
9.7
12.7
11.5
10.2
5.9
5.9
5.1
6.9
7.2
12.3
10.6
29.7
18.0
7.6
4.1
12.5
8.8
7.0
12.9
5.9
15.0
10.8
6.3
28.5
5.8
1.2
23.0
10.4
8.6
20.4
24.7
5.2

PBV
2.0
1.8
1.4
48.2
1.1
0.9
1.2
1.4
1.9
1.4
1.0
1.3
1.3
25.2
1.2
2.6
1.0
1.6
1.3
0.7
1.4
6.7
1.3
1.1
0.6
1.5
1.3
1.1
1.4
1.8
1.7
2.3
1.8
1.6
1.0
0.9
2.0
1.6
2.1
1.0
1.2
1.6
1.4
5.1
0.5
0.4
1.6
1.9
1.9
0.7
2.9
1.1

Trailing EPS: Trailing 4 quarters earnings per share
Trailing PE: Trailing 4 quarters price to earnings ratio
PBV: Price to book ratio based on most recent quarter book value

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Net Profit

Mkt Cap Mn
234,703.72
103,011.35
5,391.25
207,929.36
50,695.29
10,200.54
61,650.00
86,633.28
75,737.14
22,792.28
32,139.23
40,356.01
24,171.90
106,376.42
42,415.63
79,536.70
19,927.83
23,000.00
32,148.22
17,797.52
25,410.00
32,280.00
28,381.90
12,142.44
6,674.83
8,575.88
3,675.38
14,859.51
15,450.69
25,389.90
21,848.32
61,200.00
36,210.24
15,111.36
8,024.96
21,375.00
12,395.00
1,534.00
20,917.59
7,979.70
20,094.83
13,886.16
7,964.57
33,640.00
6,591.38
1,382.55
25,999.81
11,724.54
9,642.86
21,731.19
24,873.07
5,190.90

Weekly Review by Asia Securities Research

02 May 2014

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-0006
REEF-W-0019
JKH-W-0022
JKH-W-0023

118.00
142.00
39.00
40.00
185.00
195.00

Share Price
(2014/05/02)
63.00
63.00
12.00
16.10
237.00
237.00

Expiry Date

Warrant Price
(2014/05/02)

25-Aug-14
25-Aug-15
24-Feb-15
15-Jun-15
28-Sep-15
27-Sep-16

0.50
0.80
0.40
1.20
66.00
72.00

4
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Price According to
Black Scholes model
(Intrinsic value)
0.00
0.00
0.00
0.00
89.65
102.50

Undervalued/
(Overvalued)
(0.50)
(0.80)
(0.40)
(1.20)
23.65
30.50

Weekly Review by Asia Securities Research

02 May 2014

Commodity Prices
Date as at

11.04.14

17.04.14

25.04.14

02.05.14

WoW %
change

107.2

109.5

110.3

107.7

-2.4

METALS
Gold (USD/ounce)

1,320.7

1,300.8

1,292.5

1,282.8

-0.8

Copper LME (USD/ton)

6,655.0

6,619.0

6,753.0

6,645.0

-1.6

09.04.14

16.04.14

23.04.14

30.04.14

WoW %
change

483.62

u/q

493.61

512.33

3.8

10.04.14

17.04.14

24.04.14

02.05.14

WoW %
change

u/q

u/q

275.00

285.0

3.6

11.04.14

17.04.14

25.04.14

02.05.14

WoW %
change

130.60
181.42
219.09
1.29
21.02

130.57
180.66
219.80
1.28
21.00

130.58
180.60
219.44
1.28
20.88

130.62
181.02
220.52
1.28
20.87

0.0
0.2
0.5
0.0
0.0

Brent Crude Oil
(USD/barrel)

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)

Source: Bloomberg, CBSL, Asia Siyaka, Citi Bank

Oil
Crude oil prices trended downwards as crude oil stockpiles continued to rise in the US. According to the report released by
US Energy Information Administration, crude oil supplies rose by 1.7m barrels to 399.4m barrels during the week ended
25th of April, which is the highest level since 1931. Further downward pressure was witnessed in oil prices after Libya’s
state run National Oil Corp stated that the Zueitina terminal which was dysfunctional since the rebels took control of it in
July 2013 and has a capacity to handle 70,000 barrels per day, would commence operations during the week. On the back
of these developments, Brent for delivery in June slid as much as 2.4% WoW.

Gold
Gold price continued its downward trend as US Federal Reserve continued to curb its stimulus programme. The US
Federal Reserve cut its monthly asset buying programme by a further USD10bn to USD45bn at its latest meeting, whilst it
stated that further curtailment in the stimulus is possible amidst the improvement being witnessed in key economic
indicators. The Institute for Supply Management’s factory index for April rose to its highest level for this year, whilst

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Weekly Review by Asia Securities Research

02 May 2014

according to the Commerce Department consumer spending rose 0.9% YoY during the month of March. Meanwhile,
analysts expect the nonfarm payrolls data to be released during the end of the week to witness a 218,000 increase in April,
the highest since November. On the back these developments, spot gold price dipped 0.8% WoW.

Copper
Copper price retreated during week after data released in China indicated that manufacturing in the country increased at a
slower pace than expected during the month of April, which raised demand side concerns for the metal. China’s official
purchasing managers’ index prepared by the statistics bureau and logistics federation for the month of April came in at
50.4, slightly below the median analyst’s estimates of 50.5. As a result copper for delivery in August dropped as much as
1.6% WoW.

Forex Markets
The USD weakened against most of its major trading peers as US Federal Reserve continued to reinforce its commitment
to maintain low borrowing costs. Meanwhile, the KRW gained against the USD due to its current account surplus for the
month of March rising to its highest in 5 months. Further, the TWD advanced against the USD on speculation that the
country could draw foreign inflows due to its economy growing at a faster pace than forecasts during 1Q2014 and due to
the current rally being witnessed in the equity market. Further, the INR also gained against the USD as investors
speculated that exporters have stepped up selling USD to benefit from the current high exchange rates.
Source: Bloomberg,

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Weekly Review by Asia Securities Research

02 May 2014

Conclusion
Buoyancy at the Bourse may keep up…
The sentiment on economic prospects of Sri Lanka seems exceptionally bright. In terms of Treasury bond valuations the
negativity stems from the slow growth in government revenue against the relatively higher growth in public debt coupled
with the rising debt servicing costs as a share of government revenue compared to peer economies. This could be
considered as grounds for bond yields to rise. However, the falling yields should also be attributed to the extraordinarily
high volumes of liquidity in global capital markets springing from the QE efforts of U.S and Japan. However, on the flip
side, with falling domestic inflation, extremely impressive rebound in exports receipts especially since the beginning of the
year, declining current account deficit by almost 50% in 2013, lower interest rates and higher economic growth forecasts
tend to outweigh the negativity that’s surrounding government finance. Market earnings in 4QCY2014 also improved by
massive 62% QoQ. On the back of these, sentiment towards the economy seems to be exceptionally positive given that the
UNHRC resolution against Sri Lanka is also not imposing any form of economic sanctions over the country. Under this
back drop we expect the recent buoyancy shown by trading activity in the Colombo Bourse to continue.

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Weekly Review by Asia Securities Research

02 May 2014

Focus on Investment – Key Buys
Manufacturing
X – LKR 33.00

LKR

41

Tokyo Cement
N – LKR 38.50

36
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.

26
21

TKYO

LKR

36
31
26
21
16

TKYOX

Banking& Finance

248
228
208
188
168
148
128

LKR

Sampath Bank
N – LKR 191.50

The bank’s bottom line in 2013 was largely affected by loan losses on
pawning (due to the sharp drop in gold price) and due to 2012 earnings
benefiting from foreign exchange revaluation gains. Despite the bottom
line being impacted by the above, the bank managed to outperform the
industry in terms of loan book growth, whilst managing to maintain its
NIM. We expect the bank’s performance to improve in 2014E, with the
bank reducing its exposure to pawning whilst expanding its operations into
the high growth SME sector. The encouragement given to the SME sector
by the GOSL, the downward trend in market lending rates and the
improvement witnessed in the overall economic activity is likely to drive
the performance of the bank during the short to medium term.

Construction
24

LKR

Access Engineering
N – LKR 23.00

SAMP

22

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.

20
18
16
14

AEL

8
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Weekly Review by Asia Securities Research

02 May 2014

Focus on Investment Contd...
180
170
160
150
140
130
120

Banking & Finance
X- LKR 126.90

LKR

Hatton National Bank
N-LKR 158.50

Despite the overall slowdown witnessed in loan growth during 2013,
HNB managed to witness a loan growth well ahead of the industry
average and cotnued to maintain an above industry average NIM.
Further, the bank witnessed itst the asset base crossing the LKR500bn
mark during 2013. We expect the bank to continue its loan growth
momentum and to maintain its relatively high NIM driven by its focus
on the SME sector, the current downward trend in interest rates and the
receovery withnessed in the overall economic activity in the country.

HNB

.

LKR

140
130
120
110
100
90
80

HNBX

Power and Energy
X – LKR 29.50

40
LKR

Laugfs Gas PLC
N – LKR 37.00

35

Household usage of LPG remains the largest segment in the LPG
market, but the penetration rate remains very low at 35% giving great
growth potential for the industry and LGL. Expected growth in
disposable income is likely to enable more households to shift to LPG
from biomass; whilst the increase in economic activity within the
country (such as growth in Leisure and industrial sectors) and concerns
about cleaner energy are likely to result in improvement in demand from
corporate customers. In addition, the 2014 budget proposal to exempt
LPG distribution from NBT is likely to uplift the margins of the
company. Meanwhile, the initiatives taken by the group to diversify its
operations could reduce the margin volatility from the LP Gas trading
business. The low gearing maintained by the company could enable the
group to go for low cost borrowings if it has to finance the future
projects via debt.

30
25
20

LKR

LGL

29
27
25
23
21
19
17
15

LGLX

9
A member of Asia Capital Group

Weekly Review by Asia Securities Research

02 May 2014

Stock Exchange Announcements
As at 02nd May 2014
Dividends announcements

COMPANY

DIVIDEND
PER
SHARE

FINAL/INTERIM

XD

DATE OF
PAYMENT

Chevron Lubricants Lanka PLC

4.00

First Interim

22-04-2014

02-05-2014

Overseas Realty (Ceylon) PLC

0.45

Final

25-04-2014

06-05-2014

Overseas Realty (Ceylon) PLC

1.00

Special Dividend

25-04-2014

06-05-2014

Commercial Development

2.00

Final

02-05-2014

12-05-2014

Printcare PLC

0.50

Final

02-05-2014

12-05-2014

AMW Capital Leasing & Finance

0.85

Final

08-05-2014

20-05-2014

Interim

13-05-2014

23-05-2014

First & Final

16-05-2014

26-05-2014

Final

23-05-2014

02-06-2014

Harischandra Mills PLC
Property Development PLC
Nestle Lanka PLC
Good Hope PLC

30.00
3.00
28.00
9.77

Final (Rs 0.55 which has been

30-05-2014

09-06-2014

Selinsing PLC

11.43

30-05-2014

09-06-2014

Shalimar (Malay) PLC

11.38

30-05-2014

09-06-2014

Indo-Malay PLC

14.30

Final (Rs1.89 which has been
Final (Subject to 10% dividend
tax)
Final (Rs 0.39 would be paid
out of

30-05-2014

09-06-2014

Sanasa Development Bank PLC

7.00

Final

02-06-2014

10-06-2014

Dialog Axiata PLC

0.29

Final

11-06-2014

20-06-2014

Balangoda Plantations PLC

1.00

First & Final

27-06-2014

07-07-2014

The Lighthouse Hotel PLC

2.00

Final

27-06-2014

07-07-2014

Piramal Glass Ceylon PLC

0.38

First & Final

01-07-2014

09-07-2014

The Housing Development

0.25

Final

To be notified

Rights Issues
Company

Bimputh Finance

Proportion / Issue Price

1 For 1 @ Lkr12.50

XR date

12-05-2014

10
A member of Asia Capital Group

Last Date Of
Acceptance &
Payment
03-06-2014

Trading of rights
Commences on
26-05-2014

Weekly Review by Asia Wealth Research

02 May 2014

Valuation Guide
Company

YE

SH
(mn)

M.CAP
(Bn)

Price

Earnings(LKR Mn)
FY11

FY12

FY13

FY14E

EPS
FY15E

FY11 FY12 FY13

PE
FY14E FY15E FY11 FY12 FY13

FY14E

FY15E

DPS

DY

ROE

BVPS

PBV

FINANCIAL SERVICES
HNB
HNB(NV)
Commercial Bank
Commercial Bank(NV)
Sampath Bank
NDB Bank
Nations Trust Bank

Dec
Dec
Dec
Dec
Dec
Dec
Dec

319.84
80.38
807.93
55.58
167.83
164.86
230.61

50.7
10.2
103.0
5.4
32.1
32.1
15.5

158.50
126.90
127.50
97.00
191.50
195.00
67.00

6,818.9
6,148.8
7,932.1
7,932.1
3,683.3
2,705.5
1,607.2

7,941.8
7,941.8
10,079.8
10,079.8
5,342.6
8,853.8
1,935.1

7,650.5
9,298.1
7,650.5
9,298.1
10,563.4 12,035.8
10,563.4 12,035.8
3,635.0 4,833.9
2,641.9
3,744.4
2,136.4
2,493.0

12,189.0
12,189.0
14,334.3
14,334.3
6,307.6
4,194.1
3,010.9

17.0
17.0
9.2
9.2
21.9
16.4
7.0

19.8
19.8
11.7
11.7
31.8
53.7
8.4

19.1
19.1
12.2
12.2
21.7
16.0
9.3

23.2
23.2
13.9
13.9
28.8
22.7
10.8

30.5
30.5
16.6
16.6
37.6
25.4
13.1

9.3
7.4
13.9
10.6
8.7
11.9
9.6

8.0
6.4
10.9
8.3
6.0
3.6
8.0

8.3
6.6
10.4
7.9
8.8
12.2
7.2

CONGLOMERATES
John Keells Holdings

Mar

990.31

234.7

237.00

8,245.6

MANUFACTURING
Tokyo (V)
Tokyo (NV)
Piramal Glass

Mar
Mar
Mar

222.75
111.38
950.09

8.6
3.7
3.6

38.50
33.00
3.80

POWER & ENERGY
LANKA IOC

Mar

532.53

22.8

42.80

9,686.9

12,201.1

10,661.8

11,603.6

8.3

9.8

12.3

10.8

11.7

28.5

24.2

19.2

855.7
855.7
578.7

973.2
973.2
686.4

827.9
827.9
721.6

1,505.0
1,505.0
835.9

1,756.0
1,756.0
612.1

2.6
2.6
0.6

2.9
2.9
0.7

2.5
2.5
0.9

4.5
4.5
0.9

5.3
5.3
0.6

15.0
12.9
6.2

13.2
11.3
5.3

15.5
13.3
4.0

8.5
7.3
4.3

877.0

907.3

2,908.8

4,490.4

4,993.6

1.6

1.7

5.5

8.4

9.4

26.0

25.1

7.8

5.1

11
A member of Asia Capital Group

6.8
5.5
9.1
7.0
6.6
8.6
6.2

5.2
4.2
7.7
5.8
5.1
7.7
5.1

8.50
8.50
6.50
6.50
8.00
10.00
2.10

5.4%
6.7%
5.1%
6.7%
4.2%
5.1%
3.1%

13%
13%
17%
17%
11%
11%
18%

143.8
143.8
71.2
71.2
188.7
148.7
50.9

1.1
0.9
1.8
1.4
1.0
1.3
1.3

22.0 20.22672
124

3.50

1.5%

14%

90.7

2.6

7.3
6.3
5.9

1.00
1.00
0.38

2.6%
3.0%
10.0%

12%
12%
24%

20.1
20.1
3.7

1.9
1.6
1.0

4.6

1.00

2.3%

22%

24.4

1.8

Weekly Review by Asia Securities Research
Company

Code

Year
End

Price
(LKR) 1W(%)

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

1Y(%)

Shares Trailing
Mn
ROE

BVPS

Net Profits
4 Qtrs
trailing

02 May 2014

Dec'13

Sep'13

Net Profits (mn)
Jun'13
Mar'13

Trailing Trailing
EPS
PE

PBV Market Cap
(mn)
1.63 2,616,633.70

MARKET

1.31

4.06

0.47

4.62

10.93%

175,470.53 51,505.54

31,711.71

34,184.04

52,085.44

14.91

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
AMANA BANK LIMITED
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

0.25

4.38

(0.84)

2.35

12.52%

59,398.85 17,742.29
32,244.18 8,777.48
10,562.28 3,319.31
10,562.28 3,319.31
3,205.99
791.45
7,650.42 1,888.55
7,650.42 1,888.55
2,136.40
539.95
2,641.92
445.33
114.86
(76.03)
3,634.96 1,068.17
2,326.15
797.15
2,326.15
797.15
233.59
74.64
104.20
(71.04)
(366.59)
13,602.47 4,157.75
(685.65) (120.04)
381.50
87.14
63.11
12.14
3,153.93
841.34
43.85
(3.98)
2,006.78
704.82
1,265.19
280.79
(64.85)
(10.11)
(157.61)
(8.66)
86.49
35.78
86.49
35.78
(1,441.49) (271.50)
(1,441.49) (271.50)
176.29
39.95
295.04
67.97
68.99
19.48
255.53
80.95
75.78
28.50
158.15
43.84

12,573.80
8,778.75
2,755.97
2,755.97
592.51
2,349.98
2,349.98
616.14
891.96
28.92
859.16
535.25
535.25
108.49
40.38

10,866.21
7,487.77
2,230.95
2,230.95
595.40
2,149.70
2,149.70
478.37
797.75
10.52
651.74
484.24
484.24
12.03
77.07

12,335.75
7,566.77
2,256.05
2,256.05
1,226.63
1,262.19
1,262.19
501.93
506.89
151.45
1,055.90
509.51
509.51
38.43
57.79

9.88

1.24

12.23
12.23
12.09
19.12
19.12
9.26
16.02
0.39
21.66
6.74
6.74
3.61
0.30
na

10.4
7.9
13.2
8.3
6.6
7.2
12.2
47.0
8.8
10.2
5.9
10.9
70.4
na

1.8
1.4
1.2
1.1
0.9
1.4
1.3
1.3
1.0
1.1
0.6
1.0
1.5
1.2

103,011.35
5,391.25
42,415.63
50,695.29
10,200.54
15,450.69
32,148.22
5,399.25
32,139.23
12,142.44
6,674.83
2,543.12
7,334.25
6,378.55

3,028.75
(111.95)
79.15
27.93
782.78
58.23
436.44
290.28
(60.82)
(64.29)
19.35
19.35
(387.65)
(387.65)
35.03
65.33
23.67
64.29
9.18
37.51

2,688.16
(212.87)
64.76
2.10
826.56
(16.04)
693.94
228.02
8.37
(58.95)
13.59
13.59
(433.26)
(433.26)
36.55
70.49
11.86
53.25
11.39
46.23

3,363.04
(240.79)
150.45
20.94
703.25
5.64
171.58
466.10
(2.29)
(25.71)
17.77
17.77
(349.08)
(349.08)
64.76
91.26
13.99
57.03
26.70
30.58

na
157.00
8.48
30.07
0.18
4.22
18.27
na
na
0.05
0.05
na
na
4.71
7.10
10.96
1.55
2.81
2.78

na
4.8
8.7
6.3
45.0
18.0
6.3
na
na
27.1
10.4
na
na
7.1
4.5
10.1
8.7
17.3
6.7

6.1
0.8
1.1
1.0
6.6
1.8
1.4
0.7
1.3
2.4
0.9
na
na
1.0
1.2
0.8
1.1
3.3
1.4

1,804.00
1,822.50
550.38
19,927.83
1,974.62
36,210.24
7,964.57
2,214.00
1,518.75
1,549.30
307.03
724.58
650.00
1,254.71
1,321.31
698.84
2,215.47
1,314.35
1,056.49

COMBN
COMBX
DFCCN
HNB N
HNB X
NTB N
NDB N
PABCN
SAMPN
SEYBN
SEYBX
HDFCN
UBC N
ABLN

MainB
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
D

127.50
97.00
160.00
158.50
126.90
67.00
195.00
18.30
191.50
69.00
39.50
39.30
21.00
5.10

0.39
1.14
0.19
1.12
(0.89)
1.67
5.78
(0.98)
10.29
7.73
8.73
6.03
2.00

6.16
3.74
8.43
3.15
6.64
6.02
7.97
10.91
9.14
11.73
13.37
21.77
14.05
-

0.39
0.62
6.33
(1.13)
1.28
(1.47)
4.33
5.17
10.14
6.69
13.37
7.52
10.47
(15.00)

10.87
2.65
12.17
(4.73)
0.08
7.90
14.71
(12.02)
(11.57)
(1.15)
1.30
(16.27)
13.44
-

807.93
55.58
265.10
319.84
80.38
230.61
164.86
295.04
167.83
175.98
168.98
64.71
349.25
1250.70

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

16.40
750.00
74.00
190.00
7.90
76.20
115.00
16.40
22.50
1.30
0.50
12.50
6.50
33.50
31.80
111.00
13.40
48.80
18.60

(1.83)
0.41
(1.50)
1.27
1.47
4.55
14.89
7.62
(20.00)
11.82
14.29
1.29
0.43
1.54
(3.75)
(2.11)

1.86
(5.05)
(1.46)
3.26
1.47
13.75
15.71
32.94
(20.00)
7.89
8.47
8.77
2.95
(10.93)
10.00
(9.46)
(2.11)

(3.53)
(6.25)
(38.02)
(16.67)
1.47
13.86
8.00
41.25
(20.00)
(33.33)
(7.52)
(9.86)
(1.47)
(4.85)
(16.16)
(5.04)
62.67
(6.06)

(39.26)
(7.98)
(19.57)
6.15
(15.79)
34.69
(10.64)
(11.48)
58.04
20.00
(20.13)
20.75
34.00
4.32
48.33
(2.94)
205.00
36.76

110.00
2.43
7.44
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

12
A member of Asia Capital Group

17.19%
17.19%
8.86%
13.29%
13.29%
19.80%
10.78%
2.84%
11.48%
10.27%
10.27%
8.90%
2.12%
na
11.94%
na
16.34%
12.80%
16.56%
14.71%
10.05%
22.17%
na
na
8.77%
8.77%
na
na
13.90%
27.21%
7.86%
12.67%
19.25%
21.05%

71.16
71.16
136.42
143.82
143.82
46.79
148.69
13.72
188.71
65.69
65.69
40.55
14.09
4.16
2.67
960.68
66.30
181.61
1.19
42.01
82.40
22.17
16.72
0.55
0.55
na
na
33.87
26.10
139.42
12.20
14.61
13.22

Weekly Review by Asia Securities 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
PEOPLE’S 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

52.90
43.40
44.20
2.20
20.00
15.10
2200.00
18.90
3.60
29.00
0.70
350.00
15.60
7.30
3.70
21.20
15.30
2.00
13.50
83.10
3.90
58.50

Price
1W(%)
1.78
3.10
(9.98)
(1.48)
2.74
8.00
2.86
3.57
(14.29)
(2.78)
1.40
1.39
(2.63)
4.48
(0.65)
5.26
(2.88)
1.34
2.63
(25.09)

Performance
1M(%)
11.96
13.65
(9.98)
(3.85)
15.24
2.86
2.11
(14.29)
(2.78)
8.21
1.39
(7.50)
20.69
4.79
5.26
(1.46)
12.30
2.63
42.86

1Q(%)
7.29
7.98
(9.98)
(12.00)
(3.85)
(11.24)
(6.45)
(40.00)
4.48
(16.67)
(9.88)
(21.28)
5.00
(1.92)
5.26
(6.90)
2.85
(9.30)
(84.05)

1Y(%)
21.18
30.42
(11.60)
(31.25)
104.08
15.38
(31.27)
5.88
(17.85)
(76.00)
(9.09)
(19.44)
14.06
(39.34)
7.14
6.99
(16.67)
(11.76)
13.84
(20.41)
(90.08)

Shares Trailing
BVPS
Mn
ROE
46.30 16.48%
63.99
8.01 16.48%
63.99
58.70 26.82%
34.35
500.00
na
na
33.90
9.24%
11.62
286.07 46.59%
6.67
3.01 10.42% 1989.75
22.46
na
12.78
2800.00 14.91%
2.24
37.00
3.29%
12.03
83.43
na
2.27
5.61 21.37% 126.44
38.77
na
8.15
105.75
5.00%
5.65
299.20
na
5.55
33.00 23.55%
27.60
1579.86 17.83%
11.76
559.47
9.06%
1.31
115.63 11.47%
7.25
25.18
8.47% 135.70
6377.71 11.70%
1.35
22.50
na
13.60

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

1.60
90.00
1270.50
418.50
280.10
60.50
112.50
14.30

(1.10)
(8.60)
0.29
0.04
(3.97)
5.24
(1.38)

7.14
7.02
(9.89)
(2.72)
0.04
(1.63)
7.05
10.00

(8.16)
(5.89)
(1.58)
(3.81)
(4.12)
0.18
2.14

(6.25)
3.45
29.72
23.03
(14.81)
14.58
14.69
18.18

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

6.66%
19.78%
14.62%
14.62%
10.89%
18.42%
21.95%
22.09%

1.06
48.85
675.72
675.72
152.84
42.26
59.70
12.48

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

500.00
21.00
39.00

(6.89)
3.45

(6.54)
9.95
2.63

(7.24)
5.00
(6.02)

3.99
60.31
8.33

32.90
101.25
50.00

15.93%
24.55%
16.71%

177.84
18.77
25.89

13
A member of Asia Capital Group

Net Profit
4Qtrs
572.64
572.64
540.79
(583.10)
36.41
889.64
623.41
(135.20)
933.33
14.67
na
151.51
(11.31)
29.85
(87.47)
214.53
3,311.00
66.35
96.11
289.34
1,005.00
(36.03)
6,054.55
70.84
362.33
2,609.08
2,609.08
499.26
389.14
1,123.44
1,000.47
7,497.65
932.05
466.62
216.36

02 May 2014

Dec'13
157.86
157.86
115.75
(176.25)
13.65
230.54
209.92
(6.19)
230.27
12.64

Sep'13
135.95
135.95
164.47
(367.36)
3.46
172.91
148.40
(35.11)
454.96
(13.79)
37.30
(7.09)
7.50
(136.01)
0.80
786.00
19.49
29.09
103.73
225.42
(5.81)

Jun'13
135.02
135.02
76.17
(40.59)
6.50
172.99
95.19
(39.20)
76.50
2.12
(182.14)
50.27
(4.05)
7.63
(101.10)
6.12
681.00
15.90
9.74
80.63
294.50
(1.02)

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)

24.14
1.93
6.02
215.44
165.62
838.00
12.76
16.28
(12.12)
285.28
(12.20)
4,433.13
32.76
480.91
1886.34
1886.34
364.70
234.15
832.15
602.13
373.94
225.16
158.69
(9.91)

468.36
(12.32)
(98.18)
233.44
233.44
111.82
50.18
101.53
81.88
297.94
158.47
25.55
113.92

364.86
17.20
(56.60)
162.70
162.70
-9.26
54.71
78.36
117.75
325.42
211.05
62.04
52.33

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

Trailing Trailing
EPS
PE
10.54
5.0
10.54
4.1
9.21
4.8
na
na
1.07
18.6
3.11
4.9
207.39
10.6
na
na
0.33
10.8
0.40
73.2
na
na
27.02
13.0
na
na
0.28
25.9
na
na
6.50
3.3
2.10
7.3
0.12
16.9
0.83
16.2
11.49
7.2
0.16
24.7
na
na

PBV

Mkt Cap Mn

0.8
0.7
1.3
na
1.7
2.3
1.1
1.5
1.6
2.4
0.3
2.8
1.9
1.3
0.7
0.8
1.3
1.5
1.9
0.6
2.9
4.30

2,449.23
347.46
2,594.75
1,100.00
678.03
4,319.72
6,613.20
424.53
10,080.00
1,073.00
58.40
1,962.92
604.75
771.99
1,107.04
699.60
24,171.90
1,118.94
1,560.94
2,092.07
24,873.07
1,316.25

0.07
6.30
98.77
98.77
16.64
7.78
13.11
2.76

23.4
14.3
12.9
4.2
16.8
7.8
8.6
5.2

1.5
1.8
1.9
0.6
1.8
1.4
1.9
1.1

1,600.00
3,375.00
25,410.00
2,684.46
8,403.00
3,025.00
9,642.86
5,190.90

28.33
4.61
4.33

17.7
4.6
9.0

2.8
1.1
1.5

16,452.47
2,126.25
1,950.00

Weekly Review by Asia Securities Research

Company

Year
End

Performance
1M(%)
3.28
(8.79)
6.14
2.98
10.44
4.02
12.00
0.95
0.74
(2.27)
36.36
0.19
13.01
3.77
(0.75)
5.00
12.90
5.43
4.55
-

1Q(%)
(7.94)
5.43
(5.72)
2.98
(0.81)
1.45
(13.52)
(8.05)
2.94
(5.78)
(2.65)
1.18
8.70
(1.88)
10.37
(8.97)
10.24
(10.26)
(5.14)
(4.17)
(8.57)

1Y(%)
19.43
(8.79)
(5.29)
2.98
15.84
7.69
37.94
(21.57)
(15.66)
(3.64)
22.18
(10.36)
8.70
45.94
13.65
0.82
9.09
(4.55)
(16.67)
(24.54)
(11.54)
(25.00)

Shares Trailing
BVPS
Mn
ROE
20.14%
16.00 13.04% 110.86
224.00
3.80%
52.46
20.99 15.62% 156.37
95.04 21.31%
98.53
20.00 11.84% 411.15
187.32 211.77%
23.04
89.77
1.60%
24.43
4.77
1.60%
24.43
2.75 27.32% 149.71
300.00 11.33% 172.16
0.96 12.82% 1051.68
25.50
na
58.39
31.40 10.61%
26.71
80.00 18.05%
81.73
40.00
2.32% 241.95
53.73 78.39%
78.47
23.55 19.01%
39.01
561.75
3.46%
3.44
30.00 10.82%
27.90
282.21
8.11%
3.04
66.43
1.28%
7.33

Net Profit
4Qtrs
24,541.64
168.84
446.82
512.70
1,995.48
973.36
9,140.00
37.01
37.01
112.48
5,850.80
129.41
(31.23)
88.95
1,180.35
224.25
3,304.74
174.60
66.78
90.54
69.51
6.26

02 May 2014

BEVERAGE FOOD AND TOBACCO
BAIRAHA FARMS
CARGILLS
CEYLON BEVERAGE HOLDINGS
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

136.00
145.10
514.90
159.00
700.00
1110.00
16.00
14.00
212.00
205.50
2150.00
75.00
52.00
420.50
115.10
1980.00
42.70
3.50
36.90
2.30
9.60

Price
1W(%)
1.87
0.83
0.96
1.15
1.01
4.18
3.70
2.76
0.74
0.47
28.21
0.19
(0.61)
(0.60)
2.19
6.06
(1.34)
4.55
2.13

CHEMICALS & PHARMACEUTICALS
CHEMANEX
CHEMICAL INDUSTRIES [V]
CHEMICAL INDUSTRIES [NV]
HAYCARB
INDUSTRIAL ASPHALTS
J.L. MORISON [V]
J.L. MORISON [NV]
LANKEM CEYLON
STANDARD CAPITAL
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

71.30
52.00
43.00
180.00
220.00
224.10
180.10
123.00
60.00
1.30
499.00
0.70

(0.53)
(2.05)
1.96
4.88
0.06
6.02
(21.86)
(14.24)
7.66
8.33
(22.22)

4.64
(10.06)
13.04
15.59
(0.06)
11.68
(6.66)
(14.24)
18.62
(0.17)
8.33
3.96
(30.00)

(4.04)
(16.96)
0.39
7.77
(4.61)
5.06
(13.81)
0.06
1.92
(9.23)
4.68
(46.15)

(10.80)
(5.92)
(15.72)
(6.93)
(1.04)
(12.46)
24.50
60.09
(18.47)
(18.37)
(23.53)
3.96
(88.33)

15.75
72.90
21.87
29.71
0.67
5.81
1.74
24.00
5.54
283.00
1.50
101.00

1.86%
18.56%
na
na
15.53%
2.77%
9.42%
9.42%
na
na
3.69%
12.82%
na

98.66
77.11
77.11
158.32
132.16
269.91
269.91
139.18
50.82
0.62
208.55
0.29

369.55
288.40
(290.53)
(290.53)
730.40
2.44
192.03
192.03
(349.01)
(20.93)
6.49
40.10
(229.84)

408.88
318.77
(266.29)
(266.29)
123.77
0.60
63.39
63.39
195.23
(7.96)
15.90
(34.53)

(316.29)
(3.52)
(4.25)
(4.25)
100.87
0.45
45.93
45.93
(431.61)
(1.52)
6.34
12.18
(41.17)

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

195.00
5.20
33.80
23.00

1.51
3.73
6.25
2.47
-

4.84
8.96
10.87
6.07
2.22

(0.37)
2.37
0.61
(2.13)

4.67
(11.59)
(25.00)
25.28
15.00

71.86
60.00
114.36
1000.00

13.18%
8.42%
na
12.16%
20.06%

217.66
153.09
9.49
41.01
14.07

3,997.67
926.08
(320.69)
570.06
2,822.23

1,210.81
281.62
(5.57)
59.73
875.03

976.00
192.58
(44.34)
166.16
661.59

14
A member of Asia Capital Group

Dec'13
6,215.04
(20.53)
152.20
185.43
259.36
102.31
2,521.00
63.41
63.41
21.65
1,746.55
35.79
(111.90)
20.27
401.84
59.41
697.85
54.25
(16.31)
37.87
14.34
(9.76)

Sep'13
6,053.03
52.57
49.78
113.94
152.99
391.99
2,333.00
33.73
33.73
13.45
1,492.60
37.83
23.44
9.57
258.53
(3.31)
905.56
78.72
60.78
7.29
43.50
(2.92)

Jun'13
6,416.51
52.18
121.36
102.78
160.22
159.08
2,823.00
22.88
22.88
14.45
1,643.19
24.52
29.76
20.54
287.70
85.59
787.32
19.87
34.00
15.77
4.24
8.07

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

(44.92)
(1.22)
(75.27)
(75.27)
199.89
0.57
30.19
30.19
(185.44)
2.29
7.85
2.62
(26.41)

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)

764.57
115.84
(66.45)
160.97
554.22

1,046.29
336.04
(204.33)
183.20
731.38

Trailing Trailing
EPS
PE
20.45
10.55
12.9
1.99
72.7
24.43
21.1
21.00
7.6
48.67
14.4
48.79
22.7
0.39
40.9
0.39
35.8
40.90
5.2
19.50
10.5
134.83
15.9
na
na
2.83
18.4
14.75
28.5
5.61
20.5
61.51
32.2
7.42
5.8
0.12
29.4
3.02
12.2
0.25
9.3
0.09
101.9

PBV

Mkt Cap Mn

4.12
1.2
2.8
3.3
1.6
1.7
48.2
0.7
0.6
1.4
1.2
2.0
1.3
1.9
5.1
0.5
25.2
1.1
1.0
1.3
0.8
1.3

2,176.00
32,502.40
10,806.77
15,111.36
14,000.00
207,929.36
1,436.35
66.83
583.00
61,650.00
2,063.57
1,912.50
1,632.80
33,640.00
4,603.77
106,376.42
1,005.37
1,966.13
1,107.00
649.08
637.72

18.31
na
na
24.58
3.66
25.43
25.43
na
na
0.02
26.73
na

47.18
3.9
na
na
7.3
60.1
8.8
7.1
na
na
56.7
18.7
na

0.88
0.7
0.7
0.6
1.1
1.7
0.8
0.7
0.9
1.2
2.1
2.4
2.4

1,122.98
3,790.80
940.41
5,348.23
146.64
1,301.64
313.82
2,952.00
332.45
367.90
748.50
70.70

12.89
na
4.98
2.82

10.30
15.1
na
6.8
8.1

1.36
1.3
0.5
0.8
1.6

14,012.49
312.00
3,865.27
23,000.00

Weekly Review by Asia Securities Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
C T HOLDINGS
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
F L C 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

99.40
405.00
142.00
28.40
298.10
285.00
42.40
237.00
14.40
7.00
31.50
12.20
10.70
2.10
20.00
2.40
0.80
2.90

Price
1W(%)
3.35
3.01
8.03
3.65
2.90
(0.63)
(0.18)
2.17
0.89
4.41
6.06
1.94
2.54
12.63
4.76
12.36
4.35
(11.11)
3.57

FOOTWEAR AND TEXTILES
CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

63.00
10.30
20.90
21.50

1.32
1.61
0.99
1.42

3.89
10.72
(4.67)
4.37

(3.75)
(3.37)
(13.56)
13.59
(2.27)

(9.63)
(29.53)
2.00
(6.70)
(2.71)

0.77

2.80

1.62

(6.50)

0.94
5.13
2.21
1.82
0.33
0.34

7.91
9.82
5.30
7.65
(0.66)
11.24

(1.23)
3.36
6.11
0.07
(2.90)
13.50

(8.30)
(6.82)
(14.72)
16.72
8.27
6.45

HOTELS AND TRAVELS
City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
KINGSBURY
RENUKA CITY HOTEL
TAJ LANKA
TRANS ASIA

AHPLN
GHLLN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
MainB
MainB
MainB
MainB

M
D
M
M
M
M

64.10
12.50
13.90
280.00
30.00
89.00

Performance
1M(%)
5.04
3.87
11.88
5.19
10.94
(3.90)
(0.88)
10.70
1.28
10.08
6.06
11.70
0.83
21.59
4.76
17.65
14.29
7.41

1Q(%)
3.44
(2.07)
15.94
(1.11)
(2.41)
(0.33)
(4.98)
3.41
0.85
2.90
4.48
(1.56)
7.08
10.31
16.96
(4.00)
(27.27)
3.57

1Y(%)
(2.51)
(19.84)
(9.96)
1.57
(21.98)
(3.56)
(5.20)
46.71
(5.20)
26.79
1.45
3.96
12.04
52.86
(18.52)
14.29
(33.33)
(82.98)
(42.00)

15
A member of Asia Capital Group

Shares Trailing
Mn
ROE
8.34%
406.00 11.67%
196.39 10.60%
183.10
6.89%
180.00
na
35.00
5.11%
75.00
7.43%
515.29 15.77%
990.31 10.34%
123.00 14.44%
1983.74 15.08%
133.83 12.87%
779.00
3.64%
1954.92 15.98%
1368.00
h
1086.56
3.45%
1860.00
na
252.00
na
1002.72
2.28%
-3.61%
4.16%
na
na
3.40%

34.23
152.34
25.00
272.13

BVPS

73.89
153.52
89.58
40.51
160.60
307.94
25.39
119.84
11.35
4.30
33.32
9.43
5.19
4.72
28.41
5.57
0.73
3.62

Net Profit
4Qtrs
27,342.86
3,499.77
3,195.24
1,129.40
(583.72)
287.37
1,716.45
2,063.41
12,273.31
201.56
1,286.93
573.99
267.42
1,622.37
247.92
1,066.27
(238.86)
(1,348.65)
82.66

Dec'13
8,239.86
1,079.99
1,030.78
140.97
148.51
88.77
338.62
488.67
3,394.72
74.07
475.18
187.01
162.52
679.50
29.56
398.17
26.78
(523.60)
19.65

Sep'13
2,579.54
559.67
(829.26)
(65.40)
(750.60)
71.42
468.60
707.50
2,059.21
(22.82)
295.97
176.36
53.94
342.29
26.62
279.49
(157.07)
(597.32)
(39.06)

Jun'13
4,826.50
666.94
585.12
665.44
(60.31)
42.06
418.39
276.71
1,586.40
18.31
185.19
65.39
38.97
323.07
(32.95)
146.28
(54.96)
(85.73)
42.17

Mar'13
11,696.96
1,193.17
2,408.60
388.39
78.68
85.12
490.84
590.54
5,232.99
132.00
330.59
145.24
11.98
277.51
224.70
242.33
(53.62)
(142.00)
59.90

90.03
9.70
24.10
19.17

(374.37)
128.11
(377.41)
(302.67)
177.60

54.18
(5.41)
(22.32)
35.87
46.04

18.45
83.33
0.16
(147.18)
82.13

(197.06)
40.99
(92.33)
(211.53)
65.82

(249.94)
9.20
(262.93)
20.18
(16.39)

48.56
16.86
6.74
506.05
13.84
29.50

8,067.81
3,442.70
2,459.79
207.19
(116.28)
277.47
(371.25)
985.76

2,438.05
936.35
602.79
91.08
69.02
64.54
-118.50
227.42

1,433.39
769.13
567.05
54.18
26.71
98.54
(171.80)
194.45

273.87
451.01
393.15
67.19
-105.20
81.29
-106.92
121.50

3,864.31
1,286.21
896.80
-5.26
-106.80
33.10
25.97
442.40

6.55%
442.78
500.83
242.00
7.00
139.64
200.00

11.44%
2.45%
na
7.83%
na
16.71%

02 May 2014

Trailing Trailing
EPS
PE
19.08
8.62
11.5
16.27
24.9
6.17
23.0
na
na
8.21
36.3
22.89
12.5
4.00
10.6
12.39
19.1
1.64
8.8
0.65
10.8
4.29
7.3
0.34
35.5
0.83
12.9
0.18
11.6
0.98
20.4
na
na
na
na
0.08
35.2

PBV

Mkt Cap Mn

1.59
1.3
2.6
1.6
0.7
1.9
0.9
1.7
2.0
1.3
1.6
0.9
1.3
2.1
0.4
0.7
0.4
1.1
0.8

40,356.01
79,536.70
25,999.81
5,112.00
10,433.50
21,375.00
21,848.32
234,703.72
1,771.16
13,886.16
4,215.54
9,503.80
20,917.59
2,872.80
21,731.19
4,464.00
201.60
2,907.90

na
16.8
na
na
32.9

0.97
0.7
1.1
0.9
1.1

2,156.73
1,569.14
522.50
5,850.78

18.47

1.21

11.5
30.2
na
7.1
na
18.1

1.3
0.7
2.1
0.6
2.2
3.0

3.74
na
na
0.65

5.56
0.41
na
39.64
na
4.93

28,381.90
6,260.37
3,363.80
1,960.00
4,189.12
17,800.00

Weekly Review by Asia Securities Research

Company

Year
End

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
ANILANA HOTELS AND PROPERTIES
LIMITED
RAMBODA FALLS PLC
INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL

Price
1W(%)

Performance
1M(%)

1Q(%)

1Y(%)

Shares Trailing
Mn
ROE

BVPS

Dec'13
1,501.70
545.40
107.17
18.57
25.63
-53.64
-24.35
31.04
13.91
2.89
33.44
451.86
39.00

Sep'13
664.26
311.68
93.68
25.62
(7.13)
(68.39)
(19.22)
(14.39)
0.98
4.71
48.79
248.62
8.28

Jun'13
(177.13)
261.80
40.29
37.53
-87.93
-65.91
-17.06
-19.46
-7.35
4.96
15.86
-102.42
-7.99

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

15.70
68.68
25.40
-3.12
44.54
11.64
40.78
40.85
71.96
71.96
10.98
57.05
-31.22
-3.04
-5.60
24.36
(58.19)

8.91
85.04
4.55
(17.52)
7.86
14.65
(19.54)
12.23
(27.49)
(27.49)
(18.57)
36.09
(39.94)
(1.87)
(23.74)
10.35

-12.81
36.18
-2.61
-24.16
-10.09
-13.23
-18.78
-6.95
-64.66
-64.66
-43.49
-3.41
-38.30
-1.18
-24.82
-1.15

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

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
ALHPN

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
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
M

75.50
82.90
20.80
18.00
72.00
104.00
26.00
75.00
46.30
7.10
13.80
52.00
42.10
18.00
1256.00
36.50
16.10
29.70
55.80
45.00
73.20
28.00
18.10
5.20
14.20
5.70
7.00
1.70
18.30
5.90

1.92
10.13
2.48
3.53
(0.69)
1.56
(4.46)
(3.94)
1.43
4.55
(5.10)
(2.99)
(1.11)
(3.36)
(1.62)
(3.01)
(0.34)
1.27
5.32
(2.11)
(4.74)
4.00
3.68
2.16
(3.28)

4.50
13.15
7.25
10.00
1.41
(3.85)
(3.74)
1.43
9.52
15.52
5.50
5.95
(2.43)
3.11
(1.00)
3.33
5.88
12.44
0.72
(4.74)
6.12
7.63
1.79
(7.89)
5.00
(14.49)

6.14
18.17
10.70
13.55
(6.86)
0.19
(7.14)
(8.31)
(7.21)
(6.58)
7.81
10.85
(20.97)
4.71
(1.49)
1.39
8.05
(2.62)
(11.15)
2.27
(2.40)
(0.36)
(1.63)
(5.45)
0.71
(3.39)
(11.39)
(5.56)
(13.70)
(15.71)

0.41
(0.60)
2.48
(5.88)
(25.00)
38.67
(26.97)
(5.30)
(22.18)
(24.47)
3.76
10.62
(55.06)
(9.64)
(6.96)
(5.19)
(35.60)
(20.80)
(24.59)
22.28
1.67
15.77
0.56
(22.39)
(14.55)
(25.97)
2.94
(29.17)
(5.50)
-

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
383.68

RFLN

DiriSaviB M

15.80

1.94

9.72

13.67

3.95

20.00

6.10%

13.28

16.21

4.04

2.66

0.81

ASCON
GUARN
CINVN
CFIN
CIT N
SHAWN
RHL N
RHL X
WAPON

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

112.90
181.00
81.00
90.00
100.00
270.00
32.00
24.90
27.70

0.51
3.58
(0.55)
1.25
6.51
3.09
1.49
7.00
7.73
2.97

3.85
(0.88)
3.37
9.31
10.97
2.67
6.35
1.90
12.86
6.95

(1.79)
(16.99)
1.12
1.12
(3.95)
(4.76)
6.60
(2.43)
4.87
(4.15)

(8.71)
(32.84)
0.33
(0.61)
(21.12)
(22.48)
13.28
(10.83)
(1.66)
(36.03)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

14.76%
2.86%
15.33%
16.48%
na
na
33.98%
4.93%
4.93%
2.45%

70.35
170.22
83.80
190.27
208.74
651.86
50.98
50.98
20.62

4,701.98
16.07
2,142.05
1,360.42
(34.96)
(56.91)
1,134.26
128.02
128.02
13.04

1,893.60
12.87
452.83
365.90
-21.58
-34.14
1053.87
63.83
63.83
0.01

143.99
12.54
49.36
9.04
(2.09)
(15.45)
14.99
64.16
64.16
11.44

669.59
(6.45)
323.35
222.28
28.62
48.98
17.50
36.32
36.32
-1.01

M
M
M
M
M
M
M
M
M

16
A member of Asia Capital Group

14.76%
41.60
13.65%
56.22
3.45%
27.49
na
33.69
na 100.60
na
na
4.04%
44.39
13.88%
41.84
10.54%
57.80
2.32%
10.48
7.82%
11.77
4.10%
51.10
na
19.62
3.88%
19.70
10.38% 1292.52
5.53%
44.58
na
29.91
5.88%
33.87
7.81%
70.77
9.64%
31.34
2.81% 123.58
8.63%
15.54
8.63%
15.54
na
6.88
14.05%
10.02
na
8.94
na
10.30
na
0.89
8.10%
15.51
na
8.16

Net Profit
4Qtrs
4,625.11
2,065.08
368.54
122.92
(148.73)
(317.94)
(64.83)
94.59
34.04
34.26
140.39
1,339.87
96.39
na
36.00
268.80
74.94
(9.00)
99.62
49.76
95.57
69.54
149.61
149.61
(22.37)
156.13
(136.67)
(13.59)
(30.16)
72.36
na

02 May 2014

Trailing Trailing
EPS
PE

PBV

Mkt Cap Mn

6.14
7.67
0.95
na
na
na
1.79
5.81
6.09
0.24
0.92
2.10
na
0.76
134.14
2.47
na
1.99
5.53
3.02
3.48
1.34
1.34
na
1.41
na
na
na
1.26
na

12.3
10.8
21.9
na
na
na
14.5
12.9
7.6
29.2
15.0
24.8
na
23.5
9.4
14.8
na
14.9
10.1
14.9
21.1
20.9
13.5
na
10.1
na
na
na
14.6
na

1.8
1.5
0.8
0.5
0.7
na
0.6
1.8
0.8
0.7
1.2
1.0
2.1
0.9
1.0
0.8
0.5
0.9
0.8
1.4
0.6
1.8
1.2
0.8
1.4
0.6
0.7
1.9
1.2
0.7

25,389.90
3,982.04
2,695.68
3,092.85
778.81
93.60
1,372.80
439.43
260.44
4,100.25
20,094.83
2,392.00
115.78
847.20
2,516.86
1,109.29
1,553.28
1,485.00
502.20
1,422.97
1,464.00
2,114.41
651.80
637.00
1,574.59
918.84
1,089.20
1,020.00
1,053.60
2,263.74

8.69

0.81

19.5

1.2

316.00

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

2.01
26.09
13.81
na
na
221.51
2.51
2.51
0.50

6.09
56.1
6.9
5.9
na
na
1.2
12.7
9.9
54.9

0.90
1.6
1.1
1.0
0.5
0.5
0.4
0.6
0.5
1.3

901.56
14,859.51
7,979.70
585.00
650.00
1,382.55
1,424.55
160.07
715.60

Weekly Review by Asia Securities Research

Company

Year
End

LAND AND PROPERTY
C T LAND
CARGO BOAT
CITY 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
MILLENNIUM HOUSING

CTLDN
CABON
CHOUN
CSD N
CLNDN
COMDN
EASTN
EQITN
ETWON
HUEJN
KDL N
ONALN
OSEAN
PDL N
SLNDN
YORKN
IDL N
TWODN
MHDLN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB

M
M
M
M
D
D
M
M
M
M
M
M
D
D
M
M
M
M
M

33.10
106.10
10.50
10.90
38.00
81.90
12.40
30.30
38.00
50.00
19.00
50.00
21.10
82.90
998.90
14.20
85.00
2.60
5.50

Price
1W(%)
2.79
7.37
(3.55)
5.00
9.00
(0.53)
(1.16)
5.94
18.93
4.38
2.70
8.57
4.98
(2.38)
8.40
2.66
(6.78)

CLOSED END FUND
NAMAL ACUITY VALUE FUND

NAVFU

MainB

M

73.90

(1.47)

Performance
1M(%)
6.43
11.30
5.47
1.94
17.20
5.00
6.66
6.90
6.32
22.40
8.46
7.95
9.74
2.43
22.02
9.23
(17.79)
(5.17)

1Q(%)
2.45
5.68
(10.84)
(3.67)
12.37
(3.57)
6.81
7.83
(2.26)
18.55
(34.90)
2.70
6.96
2.43
22.39
(26.70)
0.71
(33.59)
(16.13)
-

1Y(%)
10.16
31.37
22.80
(25.00)
18.48
(25.88)
13.09
(15.65)
(10.62)
45.56
(34.55)
13.10
(3.43)
38.82
71.19
(43.83)
(18.86)
(53.04)
(54.39)
-

4.38

0.96

10.79

17
A member of Asia Capital Group

Shares Trailing
Mn
ROE
8.63%
48.75 12.03%
10.20 15.27%
13.38
na
147.96
0.44%
199.88
na
12.00 11.63%
138.24
na
40.32
9.49%
31.00 10.73%
1.80
na
17.43 69.61%
17.50
6.71%
843.48 10.81%
66.00 13.52%
0.36
4.17%
12.00
6.84%
6.48
12%
106.91
na
134.68

10.75

19.45%
19.45%

BVPS

54.92
161.27
10.47
28.59
13.44
108.51
9.78
42.88
19.89
na
12.53
60.88
28.66
48.03
650.72
13.39
30.45
30.78

Net Profit
4Qtrs
4,218.39
322.13
251.13
(51.92)
18.42
(10.57)
151.40
(1.71)
164.09
66.15
na
152.01
71.52
2,612.95
428.60
9.76
11.00
23.43
na

96.52

201.82
201.82

02 May 2014

Dec'13
1,141.36
44.54
24.10
2.80
(43.88)
(16.69)
79.88
8.47
22.57
16.49

Sep'13
967.85
43.81
(19.60)
(2.34)
15.78
2.79
19.84
8.87
10.35
1.86

(2.37)
19.24
854.54
134.26
2.80
3.64
(9.03)

(2.51)
19.55
748.45
104.16
1.94
0.40
14.53

134.42
134.42

(25.95)
(25.95)

Jun'13
1,174.97
42.93
228.52
(10.97)
23.64
6.64
26.60
1.69
9.86
2.95
(1.31)
166.76
19.81
534.29
97.16
2.66
0.42
5.69
17.63

Mar'13
883.13
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
(66.07)

75.91
75.91

17.45
17.45

Trailing Trailing
EPS
PE
10.21
6.61
5.0
24.62
4.3
na
na
0.12
87.6
na
na
12.62
6.5
na
na
4.07
7.4
2.13
17.8
na
na
8.72
2.2
4.09
12.2
3.10
6.8
6.49
12.8
27.12
36.8
0.92
15.5
3.62
23.50
na
na
na
na

PBV

Mkt Cap Mn

0.88
0.6
0.7
1.0
0.4
2.8
0.8
1.3
0.7
1.9
na
1.5
0.8
0.7
1.7
1.5
1.1
2.8
0.1
na

1,613.63
1,082.22
140.49
1,612.82
7,595.48
982.80
1,714.18
1,221.75
1,178.00
90.00
331.16
875.04
17,797.52
5,471.40
359.60
170.40
550.52
277.95
740.75

3.9
3.9

0.8
0.8

794.51
794.51

18.77

Weekly Review by Asia Securities 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
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
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
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
D
M
M
M
D
M
M
M
M
M
M
M
M

103.90
64.00
83.00
9.60
14.50
3.40
1.10
20.50
60.50
38.40
269.00
11.90
90.10
31.50
80.80
59.40
32.80
7.00
109.50
92.00
77.90
4.60
20.00
3.80
29.20
63.90
69.80
105.50
84.70
105.00
14000.00
38.50
33.00
1.80
17.90
4.40
15.00
15.20

Price
1W(%)
1.22
(0.19)
2.07
1.22
2.17
5.93
(1.92)
0.83
2.96
(0.33)
1.24
9.96
3.59
1.88
4.70
10.16
(0.77)
18.42
(6.98)
(2.63)
(7.30)
1.43
12.58
4.90
(0.35)
4.27
(17.65)
2.67
3.13
12.50
5.92
2.33
(3.23)

Performance
1M(%)
6.83
4.00
3.23
1.22
4.44
5.93
(2.86)
2.00
5.95
6.69
(1.10)
3.39
1.92
12.36
1.00
11.63
8.33
4.62
14.18
15.29
25.00
28.57
4.71
5.71
(5.19)
3.06
23.10
31.29
(7.93)
8.47
(6.67)
4.90
13.79
5.88
12.58
74.42

1Q(%)
0.28
(4.33)
(7.91)
(6.53)
(5.05)
(7.74)
(2.86)
(15.38)
(1.45)
3.60
2.96
(6.47)
(7.58)
1.12
(2.22)
(0.86)
6.63
(1.58)
(8.11)
6.21
12.20
12.48
12.50
(4.76)
(21.28)
(13.86)
(8.06)
23.54
20.99
(9.70)
(9.87)
(26.32)
11.27
17.86
(10.00)
8.48
(12.00)
72.41

1Y(%)
10.57
15.44
(7.25)
(6.74)
(30.37)
(26.29)
(17.07)
(31.25)
(18.07)
(10.10)
(20.21)
8.03
(26.95)
(21.65)
10.75
24.31
58.24
5.05
(20.93)
35.86
47.44
33.62
(21.05)
25.00
(43.08)
6.18
(1.69)
107.74
7.04
(1.51)
(22.22)
179.98
60.42
73.68
(25.00)
55.65
(40.54)
57.89

18
A member of Asia Capital Group

Shares Trailing
BVPS
Mn
ROE
15.60%
5.11 19.19% 121.02
59.89
7.23% 100.04
4.21
9.03% 155.79
25.61
na
16.03
12.06
na
22.44
103.30
na
1.12
153.37
na
1.87
47.32 12.57%
4.16
9.88
7.61%
97.12
60.00
4.33%
46.20
120.00 52.31%
40.33
72.25
1.35%
11.17
59.86 13.15% 121.73
8.00
5.94%
53.93
21.80 10.12% 105.65
80.40 28.08%
26.37
13.70
2.99%
42.69
173.51
na
na
30.00 12.09%
89.52
53.05 20.77%
65.17
54.60 10.41% 101.38
39.00
7.84%
3.90
27.37
8.38%
22.78
950.09 25.35%
3.67
85.97 12.99%
27.19
11.27 12.92%
74.22
11.16 59.13%
26.72
110.79 10.86%
78.11
3.85 11.13% 113.09
3.85
1.51% 235.96
0.13 30.01% 1096.76
222.75 25.19%
25.78
111.38 25.19%
25.78
537.51
0.89%
3.10
655.00 17.86%
9.64
307.53
5.92%
6.73
17.47
5.92%
6.73
54.92
na
10.51

Net Profit
4Qtrs
12,308.51
118.69
433.01
59.28
(69.79)
(59.51)
(20.75)
(20.75)
24.76
73.05
119.96
2,531.90
10.91
958.39
25.62
232.96
595.18
17.48
(1.84)
324.81
717.95
576.06
11.92
52.24
884.53
303.55
108.05
176.35
939.71
48.44
13.67
43.01
2,169.76
2,169.76
14.81
1,127.91
129.40
129.40
(382.96)

02 May 2014

Dec'13
3,118.99
26.80
143.25
22.67
(17.70)
(3.94)
(8.10)
(8.10)
16.98
24.90
(15.46)
590.12
14.99
95.43
3.14
42.42
144.47
7.65
(0.74)
127.32
196.89
203.05
0.71
21.75
396.99
90.48
22.39
39.97
333.33
21.77
1.21
(4.05)
512.20
512.20
7.29
301.39
60.61
60.61
(301.20)

Sep'13
2,789.15
20.47
102.32
18.06
(21.03)
(0.24)
1.06
1.06
(10.40)
11.80
59.75
609.41
4.36
69.60
6.50
83.01
187.53
20.63
(0.58)
104.97
183.37
174.00
3.69
14.33
18.72
94.93
22.75
67.41
112.26
16.74
3.07
10.98
611.53
611.53
21.12
263.35
(12.79)
(12.79)
(83.54)

Jun'13
2,592.64
28.76
88.15
10.95
(23.18)
(0.19)
(6.87)
(6.87)
2.58
10.48
58.16
562.51
(9.07)
413.88
8.69
47.41
148.61
1.07
0.58
(44.66)
72.02
(61.76)
4.79
(1.16)
358.03
43.54
21.17
44.40
(79.59)
3.44
3.26
10.89
598.40
598.40
(12.38)
240.22
101.62
101.62
(52.12)

Mar'13
3,807.72
42.66
99.28
7.60
(7.89)
(55.15)
(6.84)
(6.84)
15.60
25.87
17.52
769.86
0.62
379.48
7.30
60.12
114.58
(11.87)
(1.10)
137.18
265.67
260.77
2.72
17.33
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

Trailing Trailing
EPS
PE
9.66
23.22
4.5
7.23
8.9
14.07
5.9
na
na
na
na
na
na
na
na
0.52
39.2
7.39
8.2
2.00
19.2
21.10
12.7
0.15
78.8
16.01
5.6
3.20
9.8
10.69
7.6
7.40
8.0
1.28
25.7
na
na
10.83
10.1
13.53
6.8
10.55
7.4
0.31
15.1
1.91
10.5
0.93
4.1
3.53
8.3
9.59
6.7
15.80
4.4
8.48
12.4
12.59
6.7
3.56
29.5
329.12
42.5
6.49
5.9
6.49
5.1
0.03
65.3
1.72
10.4
0.42
10.5
7.41
2.0
na
na

PBV

Mkt Cap Mn

1.51
0.9
0.6
0.5
0.6
0.6
3.0
0.6
4.9
0.6
0.8
6.7
1.1
0.7
0.6
0.8
2.3
0.8
na
1.2
1.4
0.8
1.2
0.9
1.0
1.1
0.9
2.6
1.4
0.7
0.4
12.8
1.5
1.3
0.6
1.9
0.7
2.2
1.4

530.99
3,833.20
349.64
245.89
174.84
351.22
168.71
969.99
597.99
2,304.00
32,280.00
859.72
5,393.52
252.00
1,761.44
4,775.76
449.45
1,214.58
3,285.00
4,880.64
4,253.34
179.40
547.44
3,610.33
2,510.23
720.02
779.23
11,688.28
325.92
403.86
1,829.32
8,575.88
3,675.38
967.52
11,724.54
1,353.12
262.11
834.73

Weekly Review by Asia Securities Research

Company

Year
End

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

994.00
82.20
512.00
1310.00
237.10
119.30

Price
1W(%)
(3.56)
1.11
0.35
(12.67)
(5.16)
(0.58)

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

600.00
1510.00
1600.00
1475.00
1550.00

(1.19)
3.45
(3.14)
(11.11)
(7.72)
(6.06)

3.54
6.76
0.12
(2.44)
(4.19)
3.75

10.30
(2.01)
34.81
6.67
42.56
72.22

(1.09)
(16.67)
36.02
21.21
22.45
72.22

102.00
6.87
7.00
6.94
6.94

5.84%
7.63%
3.12%
3.44%
4.05%
3.93%

264.85
779.95
750.99
903.05
767.95

2,872.68
2,061.39
167.20
180.72
253.72
209.64

1,060.76
945.47
14.74
23.74
41.71
35.11

(1,441.35)
(1,541.49)
14.98
18.70
37.49
28.97

998.24
511.06
115.50
116.61
137.43
117.64

2,255.03
2,146.35
21.97
21.68
37.10
27.93

20.21
24.33
25.82
36.56
30.21

36.1
29.7
62.1
62.0
40.3
51.3

2.1
2.3
1.9
2.1
1.6
2.0

61,200.00
10,375.67
11,197.44
10,236.62
10,757.12

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

24.50
28.90
9.70
35.00
24.50
39.00
100.00
76.00
36.30
13.20
4.30
4.00
11.10
84.00
28.00
23.20
12.00
18.00
20.40
45.50

3.47
(1.61)
(0.34)
2.11
8.72
3.81
(1.27)
3.97
3.44
6.45
5.00
8.11
6.73
7.48
1.82
(3.33)
9.09
5.88
2.51
-

4.81
2.08
(4.30)
7.78
13.68
6.52
0.52
(3.85)
(2.56)
4.34
23.36
7.69
11.11
11.00
3.87
6.87
6.91
20.00
8.43
7.37
-

(0.56)
(3.92)
(9.69)
(1.02)
7.06
(0.41)
(5.80)
(1.09)
(3.31)
0.28
13.79
(4.55)
(7.50)
(6.40)
(2.10)
(3.33)
16.50
2.86
(15.00)
-

(7.14)
(27.94)
(12.42)
(19.17)
(5.68)
(7.55)
7.73
(11.50)
(9.42)
(31.89)
(9.59)
(8.70)
(14.89)
(13.28)
5.18
13.36
(17.14)
2.56
(24.16)
-

25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
40.00
29.00
202.79
20.25
53.95
23.75
23.75
19.40
236.67
72.87
17.26
21.30

7.72%
1.02%
3.41%
1.67%
12.60%
9.12%
11.06%
12.76%
13.73%
na
na
9.59%
9.59%
na
16.25%
10.92%
9.03%
10.64%
12.43%
8.06%
15.79%

48.97
115.10
11.77
42.30
59.91
13.46
131.78
82.30
79.75
58.04
9.70
9.70
25.96
85.26
63.09
34.60
17.30
37.89
42.40
87.77

2,907.14
12.51
92.86
16.46
246.96
136.58
118.92
420.28
384.13
(223.34)
(111.04)
207.64
207.64
(81.14)
329.13
163.65
60.60
435.51
343.33
58.99
295.11

1,509.71
95.0
(5.2)
(15.9)
109.60
108.00
99.51
110.53
190.73
1.31
26.87
(46.18)
(46.18)
35.39
84.45
72.41
88.44
212.10
190.83
16.11
135.75

245.00
14.78
40.91
(8.17)
28.28
24.78
17.50
125.06
33.85
(246.17)
(88.59)
93.26
93.26
(120.98)
111.33
8.86
(59.19)
87.18
100.00
(4.31)
86.63

(139.35)
(98.8)
45.7
(27.3)
67.52
(43.85)
(70.41)
89.27
8.57
(91.70)
(63.48)
109.51
109.51
(84.48)
47.08
(3.02)
1.95
11.40
(13.61)
(19.80)
(3.94)

1,291.78
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
76.66

0.50
3.93
0.20
5.33
5.46
1.49
16.81
11.30
na
na
0.93
0.93
na
13.86
6.89
3.12
1.84
4.71
3.42
13.85

8.4
49.0
7.4
49.3
6.6
4.5
26.2
5.9
6.7
na
na
4.6
4.3
na
6.1
4.1
7.4
6.5
3.8
6.0
3.3

0.65
0.5
0.3
0.8
0.8
0.4
2.9
0.8
0.9
0.5
0.2
0.4
0.4
0.4
1.0
0.4
0.7
0.7
0.5
0.5
0.5

612.50
683.09
812.38
1,621.05
612.50
3,115.70
2,500.00
2,584.00
1,452.00
382.80
872.01
81.00
598.88
1,995.00
665.00
450.05
2,840.00
1,311.60
352.20
969.15

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

250.10
12.10
21.50
110.00
78.40
47.00
3.40

0.36
0.83
8.89
3.03

(0.74)
(6.52)
(4.35)
10.42
11.64
6.25

4.96
0.04
7.50
2.80
(5.08)
6.82
3.03

21.47
(5.62)
22.22
43.33
7.84
4.39
9.30
9.68

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

12.50%
na
13.29%
15.93%
9.84%
9.84%
16.72%
10.82%

91.85
7.03
5.58
78.26
78.26
18.09
2.80

2,819.66
(16.58)
494.02
977.55
260.97
260.97
676.77
426.94

721.25
11.95
125.15
267.69
44.50
44.50
211.71
60.24

597.72
1.81
101.31
232.09
64.69
64.69
122.21
75.60

653.63
(10.77)
109.98
209.24
77.62
77.62
167.53
100.04

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

na
0.93
0.89
7.70
7.70
3.02
0.30

19.3
na
12.9
24.2
14.3
10.2
15.5
11.2

2.41
2.7
1.7
3.9
1.4
1.0
2.6
1.2

5,585.72
6,394.34
23,630.48
2,808.00
654.28
10,515.41
4,792.32

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

Performance
1M(%)
(0.02)
6.95
0.24
2.61
1.39
(1.21)
(3.01)

1Q(%)
(2.47)
8.63
(3.18)
(2.20)
(6.45)
0.89
(2.13)

1Y(%)
0.58
14.32
0.24
2.20
(22.94)
3.90
18.10

Shares Trailing
Mn
ROE
10.06%
1.20
3.13%
15.20
na
8.88
2.32%
3.62
na
6.03 28.25%
67.27 24.29%

19
A member of Asia Capital Group

BVPS

02 May 2014

770.83
218.12
870.76
692.05
155.04
119.96

Net Profit
4Qtrs
2,363.15
28.98
(5.16)
179.19
(64.08)
264.27
1,959.95

Dec'13
565.29
11.44
26.23
110.70
-3.70
87.17
333.44

Sep'13
398.08
3.98
(245.66)
47.59
57.46
58.79
475.91

Jun'13
760.38
7.25
39.66
28.90
25.26
48.91
610.40

Mar'13
639.40
6.30
174.60
-8.00
-143.10
69.40
540.20

Trailing Trailing
EPS
PE
8.97
24.15
41.2
na
na
20.19
25.4
na
na
43.80
5.4
29.14
4.1

PBV

Mkt Cap Mn

0.90
1.3
0.4
0.6
1.9
1.5
1.0

1,192.80
1,249.44
4,544.74
4,743.30
1,430.57
8,024.96

Weekly Review by Asia Securities Research

Company

Year
End

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

74.00
99.60
131.10
1300.00
920.00
620.00
4.30
3.30

Price
1W(%)
1.72
1.09
0.61
6.85
1.43
2.44
3.13

STORES AND SUPPLIES
COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

490.00
959.60
120.00
279.00

(2.13)
(0.31)
(9.63)
(4.78)

5.17
(2.28)
6.03
(6.08)
9.84

(0.34)
(3.08)
(2.58)
(8.48)
6.98

(10.51)
(9.54)
(2.08)
(22.29)
(20.17)

1.27
2.54
2.28
5.15

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

93.00
60.10
5.70
7.20
12.00
46.50
91.00
2125.00
1.30

1.62
2.22
0.67
1.82
(1.64)
(0.43)
1.11
24.26
8.33

1.70
1.10
2.55
1.82
4.35
(4.00)
3.33
1.45
24.26
-

(0.12)
1.10
0.50
(11.11)
(7.69)
(13.04)
(7.00)
1.00
(8.15)
(7.14)

(14.46)
(26.40)
(9.32)
(6.67)
(29.41)
(31.43)
(11.26)
(5.31)
(25.52)
(43.48)

70.88
35.99
140.20
117.45
349.37
2.40
125.21
0.08
280.00

5.00%
8.17%
10.78%
2.47%
na
na
na
9.26%
na
na

197.59
46.93
4.19
8.28
23.24
6.18
39.65
510.01
1.43

1,538.79
1,144.36
182.01
14.51
(62.19)
(199.63)
(5.81)
459.84
10.30
(4.59)

298.46
63.82
50.39
6.40
(14.58)
105.01
1.91
93.02
(3.13)
(4.37)

(279.09)
(369.80)
45.73
0.71
(11.08)
(13.03)
(1.08)
62.79
3.65
3.02

849.79
682.21
39.04
6.30
(8.36)
(0.43)
(3.24)
129.19
2.82
2.27

669.64
768.13
46.85
1.10
(28.16)
(291.18)
(3.40)
174.84
6.96
(5.50)

16.15
5.06
0.10
na
na
na
3.67
na
na

17.31
5.8
11.9
55.1
na
na
na
24.8
na
na

0.87
0.5
1.3
1.4
0.9
0.5
7.5
2.3
4.2
0.9

6,591.38
2,162.91
799.12
845.61
4,192.41
111.60
11,394.07
177.13
364.00

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

17.60
42.80
3.90
5.80
37.00
29.50
5.50
2.40
6.50

2.47
2.14
2.63
3.57
3.09
2.08
8.00
4.35
(4.41)

9.35
(1.11)
10.26
8.33
3.57
13.98
11.36
8.00
4.35
(8.45)

9.62
(1.66)
14.36
5.41
(1.69)
11.21
18.07
8.00
(13.33)

29.95
(11.00)
55.80
2.63
3.57
34.43
41.35
(14.29)
(11.11)
(38.68)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

24.41%
11.58%
29.52%
16.34%
32.14%
22.83%
22.82%
1.18%
15.30%
5.22%

23.91
31.15
2.47
2.67
18.50
18.50
7.11
2.04
7.04

7,912.95
346.52
4,896.45
192.52
640.74
1,634.59
1,634.26
9.15
156.28
36.71

1,923.71
81.19
1,255.63
41.08
134.48
379.33
379.33
(8.30)
39.21
1.10

2,579.54
92.19
1,485.31
71.96
256.88
619.88
619.88
20.01
24.31
9.00

2,103.17
101.93
1,349.62
65.52
237.22
270.66
270.33
9.90
62.50
5.83

1,306.53
71.22
805.89
13.96
12.16
364.72
364.72
(12.46)
30.26
20.78

2.77
9.19
0.40
0.86
4.22
4.22
0.08
0.31
0.37

6.01
6.4
4.7
9.7
6.8
8.8
7.0
65.6
7.7
17.7

1.47
0.7
1.4
1.6
2.2
2.0
1.6
0.8
1.2
0.9

2,203.52
22,792.28
1,861.35
4,333.24
12,395.00
1,534.00
599.98
1,200.00
650.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

14.00
0.40

3.29
1.45
33.33

3.29
1.45
33.33

(7.13)
(4.11)
(33.33)

2.52
112.12
(86.21)

122.13
343.40

-195.43%
72.54%
na

1.03
1.52

(1,263.24)
91.34
(1,354.58)

(179.24)
24.53
(203.77)

(555.26)
42.06
(597.32)

(141.61)
16.85
(158.46)

(387.13)
7.90
(395.03)

0.75
na

-1.46
18.7
na

2.86
13.6
0.3

1,709.84
137.36

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

9.30
48.00

(0.11)
(0.21)

3.21
2.20
4.11

16.20
1.09
33.61

6.13
12.12

8143.78
1804.86

10.65%
13.09%
9.04%

4.88
33.13

10,604.03
5,201.03
5,403.00

2,644.73
1,122.73
1,522.00

3,104.45
1,533.45
1,571.00

1,674.34
950.34
724.00

3,180.52
1,594.52
1,586.00

0.64
2.99

15.31
14.6
16.0

1.63
1.9
1.4

75,737.14
86,633.28

D
D

ROE:Trailing 4 quarters return on equity
BVPS: Most recent quarter book value per share
Net Profit: Trailing 4 quarters net profit

Performance
1M(%)
4.80
4.08
(0.10)
12.63
(6.03)
2.44
10.00

1Q(%)
(0.80)
(0.14)
(7.78)
2.42
(27.77)
(8.24)
(17.33)
(4.55)
3.13

1Y(%)
1.97
7.88
(7.69)
(26.76)
(11.96)
(48.87)
(31.11)
(16.00)
17.86

51.48
91.21
13.53
426.45
620.00
67.13
1.55
2.14

Net Profit
4Qtrs
854.40
636.03
8.42
17.43
4.98
(1.37)
0.05
66.34
122.51

Dec'13
188.22
14.13
5.10
121.00
1.83
(1.56)
0.29
13.40
34.03

Sep'13
(1.53)
(16.29)
4.74
(38.06)
2.77
(0.12)
(0.04)
21.42
24.05

Jun'13
77.45
78.17
2.30
(44.46)
(0.01)
0.50
0.37
14.80
25.79

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

1.34%
3.58% 731.35
0.69% 1250.13
34.55%
53.21
na 433.21

86.25
33.30
22.02
41.88
(10.96)

175.18
0.99
146.76
17.79
9.64

(128.79)
0.15
(154.15)
8.18
17.03

(70.80)
(4.25)
(51.28)
2.98
(18.25)

110.66
36.41
80.69
12.94
(19.38)

Trailing EPS: Trailing 4 quarters earnings per share
Trailing PE: Trailing 4 quarters price to earnings ratio
PBV: Price to book ratio based on most recent quarter book value

20
A member of Asia Capital Group

Shares Trailing
Mn
ROE
20.23%
60.80 20.32%
2.94
3.14%
2.84 45.28%
0.04 33.39%
0.05
na
0.10
0.74%
114.00 37.64%
260.00 21.98%

BVPS

02 May 2014

Trailing Trailing
EPS
PE
7.80
10.46
7.1
2.87
34.7
6.13
21.4
142.39
9.1
na
na
0.50 1243.6
0.58
7.4
0.47
7.0

PBV

Mkt Cap Mn

1.58
1.4
1.1
9.7
3.0
1.5
9.2
2.8
1.5

4,499.20
292.55
372.98
45.51
46.00
62.02
490.20
858.00

26.16
8.69
18.38
na

55.25
18.7
110.5
6.5
na

0.74
0.7
0.8
2.3
0.6

623.70
2,433.03
273.38
1,435.46

Price Performance 1W(%):one week price percentage change
Price Performance 1M(%):one month price percentage change
Price Performance 1Q(%):one qurter price percentage change
Price Performance 1Y(%):one year price percentage change

Weekly Review by Asia Securities Research

02 May 2014

Disclaimer
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21
A member of Asia Capital Group

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rukshan@asiacapital.lk
nathasha@asiacapital.lk
iresha@asiacapital.lk
sharika@asiacapital.lk
chaminda@asiacapital.lk
ruchira@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,

(041)-5677525

0773-687307

sumeda@asiacapital.lk

SumedaJayawarden
a
MaheshaMadurangi

AnagarikaDarmapala Mw, Matara

(041)-5620727

mahesha@asiacapital.lk

Negombo

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

UthpalaKarunatilake
Gayan Perera

(031)-5676881
(031)-5676880

0773-691685
0777-598937

uthpala@asiacapital.lk
gayand@asiacapital.lk

Moratuwa

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

Ashan Silva
Charith Perera

(011)-5238662
(011)-5238663

077-0458028
0773-598937

ashan@asiacapital.lk
charithn@asiacapital.lk

Kandy

132 2/7, Hill City Complex,

NilupulHettiarachch
i

(081)-5628500

0777-410164

nilupul@asiacapital.lk

(081)-5625577

0773-692242

radhika@asiacapital.lk

(081)-5625577

0777-282586

priyankara@asiacapital.lk

D. S .Senanayake Street, Kandy.
RadhikaHettiarachc
hi
TharinduPriyankara

Service Centers
Hambantota

Hambanthota Chamber of Commerce, ThangalleRoad,Hambantota.

SherminRanasinghe
SamithEdirisinghe

(047)-5679240
(047-5679240)

0777-681866
0775-486869

shermin@asiacapital.lk
samith@asiacapital.lk

Jaffna

147,2/3, K.K.S Road, Jaffna

Gratian Nirmalan

(021)-5671800

0777-567933

nirmal@asiacapital.lk

ASIA SECURITIES (PVT) LTD
21-01 West Tower,
World Trade Centre, Echelon Square,
Colombo 01, Sri Lanka
Tel: +94 11 5320000
Website: www.asiacapital.lk