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Weekly Review by Asia Securities Research

Volume 6

6 February 2015

In This Issue;

ASI Daily Closing

Bourse Recovers on Renewed Buying Interest in Index
Heavy Weights
Stock market witnessed a precipitous fall on Monday amidst
macroeconomic uncertainties and recovered during Thursday’s …..

Pg 02
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’.

Pg 03
Analysis of Various Warrants Listed on CSE
Commodity Prices

(ASI)
7,600
7,500
7,400
7,300
7,200
7,100
7,000
6,900
6,800
6,700

(LKR

2,500
2,000
1,500
1,000
500
0

16- 19- 20- 21- 22- 23- 26- 27- 28- 29- 30- 2- 5- 6Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Feb Feb
Turnover
ASI closing

Market Statistics

Pg 04
Pg 05

Major Price Movements

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)

Major Price Movements

6-Feb
7,162.8
3,958.9
18,101.8
21,737.8
1,947.3
3,436.0
206.4
4,281.8
3,034.9
22.8
5,717.5
43.0
1,905.8
150.9
2,844.0
2,230.9

30-Jan
7,180.1
3,962.2
18,088.3
22,037.5
1,965.8
3,437.7
209.4
4,235.7
3,042.3
23.0
6,104.0
46.2
1,220.8
220.2
2,699.5
1,800.0

% Chg.
-0.2
-0.1
0.1
-1.4
-0.9
0.0
-1.4
1.1
-0.2
-0.7
-6.3
-6.8
56.1
-31.5
5.4
23.9

Large Trades
Price

+/-LKR

+/- %

0.7

13.2

Company
Sierra Cables

Volume

6.0
15.4

1.4

10.0

Peoples Leasing Company

14,222,883

PCH Holdings

2.3

0.2

9.5

John Keells Holdings

13,491,181

Vallibel Power Erathna

8.2

0.6

7.9

Dialog Axiata

12,257,547

Amana Takaful

1.4

0.1

7.7

Piramal Glass

10,735,804

PC Pharma

1.3

-0.1

-7.1

Vallibel Power Erathna

10,093,640

Asian Alliance Insurance

131.4

-12.1

-8.4

Asia Asset Finance

9,946,164

Aviva NDB Insurance

280.1

-29.9

-9.6

Textured Jersey Lanka

6,165,664

1.3

-0.3

-18.8

Browns Investments

5,175,789

41.5

-10.9

-20.8

Access Engineering

5,075,346

Company
Hydro Power
Madulsima Plantations

Blue Diamonds
John Keells Holdings (W22)

14,938,092

Weekly Review by Asia SecuritiesResearch

6 February 2015

Introduction
Bourse Recovers on Renewed Buying Interest in Index Heavy Weights
Stock market witnessed a precipitous fall on Monday amidst macroeconomic uncertainties and recovered during Thursday‟s and
Friday‟s trading to end the short week with a slight dip. Renewed interest on few index heavy weights along with price gains on same
pushed the indices up during the last two trading sessions; however the market was unable to record a WoW gain. The ASPI dipped
17.3 points WoW to close at 7,162.8 points (-0.2%), whilst the S&P SL20 Index dipped 3.3 points WoW to close at 3,958.9 points (0.1%). ASPI faltered mainly on the back of price dips on Ceylon Tobacco Company (-5.1% WoW), John Keells Holdings (-2.4%
WoW), Nestle Lanka (-1.3% WoW), Hatton National Bank (-1.5% WoW) and Lanka Orix Leasing (-2.3% WoW).
Market initiated the week with a steep fall as the benchmark index fell sharply bordering the 7,000 mark on Monday when stock prices
fell across the board. Expectations on the negative impact over the proposed Super Gain Tax along with the withdrawal of approval
granted for planned Casino related activities dampened investor sentiments brining in panic selling. However, market recovered on
Wednesday as renewed buying interest on selected blue chips such as John Keells Holdings, Dialog Axiata, Commercial Bank,
Hatton National Bank, Access Engineering etc. along with price gains secured the index from not falling below the 7,000 mark. In
addition, week witnessed an increase in foreign participation which resulted in a net foreign inflow of c.LKR 613.0mn.
Trading witnessed few crossings on selected blue chips during the week, which include John Keells Holdings which emerged as the
week‟s top turnover contributor adding c.48.0% to the week‟s cumulative turnover. The counter witnessed several crossings amounting
to c.1.4mn shares at prices ranging between LKR 201-LKR204, whilst it also witnessed several block trades in the normal board, with
the mix of high net worth and institutional interest. In addition amongst other counters that witnessed crossings over the week include
1.0mn shares of People’s Leasing and Finance at LKR 23.80, over 3.1mn shares of Textured Jersey at LKR 23.10 and LKR 23.50
and 196k shares of Nations Trust Bank at LKR 105.0.
In addition, Asia Asset Finance, Sierra Cables, Piramal Glass, Dialog Axiata etc were amongst few counters that witnessed large
scale block trades on the normal board, whilst the stocks also witnessed a mix of retail, high net worth and institutional participation.
The week saw foreign purchases amounting to LKR 2,844.0mn whilst foreign sales amounted to LKR 2,230.9mn. Market capitalisation
stood at LKR 3,034.9bn and the YTD performance is -1.9%.

2
A member of Asia Capital Group

Weekly Review by Asia Securities Research

6 February 2015

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

Price

ROE

BVPS

JOHN KEELLS HOLDINGS
COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
CEYLON TOBACCO
HNB [V]
HNB [NV]
DISTILLERIES
SRI LANKA TELECOM
DIALOG TELEKOM
CARSON CUMBERBATCH
BUKIT DARAH
SAMPATH BANK
LANKA IOC
DFCC BANK
PEOPLE‟S LEASING
NESTLE LANKA
AITKEN SPENCE
NDB
CENTRAL FINANCE
LOLC
SEYLAN BANK [V]
SEYLAN BANK [NV]
OVERSEAS REALTY
ACCESS ENGINEERING LIMITED
CHEVRON LUBRICANTS
NATIONS TRUST BANK
CEYLON GUARDIAN
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
BROWNS
VALLIBEL ONE LIMITED
HEMAS HOLDINGS
AIT. SPENCE HOTEL HOLD.
TOKYO CEMENT [V]
TOKYO CEMENT [NV]
ASIAN HOTEL & PROPERTIES
JOHN KEELLS HOTELS
HAYLEYS
LB FINANCE
LION BREWERY
CEYLON INVESTMENT
ROYAL CERAMICS
RICHARD PIERIS
COMMERCIAL CREDIT LIMITED
CEYLON COLD STORES
LAUGFS GAS
LAUGFS GAS [NV]
LEE HEDGES
LANKA ORIX FINANCE
COMMERCIAL LEASING &
FINANCE
JANASHAKTHI
UNION ASSURANCE
ASIRI HOSPITAL
TEXTURED JERSEY
EXPOLANKA HOLDINGS
FIRST CAPITAL
ASIAN ALLIANCE

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

208.80
168.10
132.90
1020.00
202.00
162.10
232.00
49.50
11.90
420.50
685.00
250.00
57.00
209.00
25.00
2250.00
106.90
231.00
248.00
86.00
96.00
61.50
27.00
27.30
410.00
104.30
190.00
1601.00
525.00
105.00
22.10
83.00
77.80
68.80
49.00
69.10
16.30
325.00
160.00
638.00
96.60
113.50
8.50
45.80
277.50
41.00
35.00
459.80
4.00
4.40

10.15%
16.03%
16.03%
188.78%
12.70%
12.70%
13.06%
10.38%
13.61%
12.18%
17.24%
14.70%
23.22%
8.81%
19.13%
92.95%
11.56%
13.19%
15.37%
13.43%
12.39%
12.39%
12.07%
18.17%
46.71%
19.09%
10.28%
13.32%
13.32%
15.38%
6.96%
15.66%
14.81%
23.23%
23.23%
9.51%
10.39%
7.71%
26.57%
23.45%
12.33%
15.50%
17.33%
39.40%
15.02%
17.07%
17.07%
36.86%
16.31%
12.31%

127.08
80.43
80.43
25.88
157.51
157.51
201.35
35.05
5.16
239.07
289.49
202.47
34.89
171.25
12.81
77.50
80.36
170.93
215.53
54.16
71.53
71.53
29.76
15.59
49.57
57.42
290.25
692.16
692.16
214.45
30.73
28.64
45.45
28.92
28.92
49.23
12.50
325.13
99.32
94.98
142.71
98.41
4.68
13.14
105.94
18.80
18.80
653.34
2.63
1.51

12,867.24
11,167.42
11,167.42
9,152.00
8,055.32
8,055.32
7,886.36
6,565.00
5,724.07
5,719.99
5,091.19
4,998.84
4,314.87
3,998.53
3,872.00
3,869.94
3,770.97
3,721.60
3,475.10
3,456.22
3,057.27
3,057.27
3,029.18
2,832.97
2,778.97
2,527.29
2,449.15
2,435.79
2,435.79
2,337.23
2,325.55
2,311.98
2,263.97
2,244.99
2,244.99
2,072.71
1,890.55
1,879.89
1,827.49
1,781.70
1,733.97
1,689.70
1,649.07
1,646.05
1,511.79
1,242.04
1,242.04
1,233.22
1,198.98
1,186.55

12.90
12.90
12.90
48.86
20.01
20.01
26.29
3.64
0.70
29.13
49.91
29.77
8.10
15.08
2.45
72.03
9.29
22.54
33.13
7.27
8.86
8.86
3.59
2.83
23.16
10.96
29.83
92.21
92.21
32.98
2.14
4.49
6.73
6.72
6.72
4.68
1.30
25.07
26.39
22.27
17.60
15.25
0.81
5.18
15.91
3.21
3.21
240.84
0.43
0.19

16.2
13.0
10.3
20.9
10.1
8.1
8.8
13.6
16.9
14.4
13.7
8.4
7.0
13.9
10.2
31.2
11.5
10.2
7.5
11.8
10.8
6.9
7.5
9.6
17.7
9.5
6.4
17.4
5.7
3.2
10.3
18.5
11.6
10.2
7.3
14.8
12.6
13.0
6.1
28.6
5.5
7.4
10.5
8.9
17.4
12.8
10.9
1.9
9.3
23.7

1.6
2.1
1.7
39.4
1.3
1.0
1.2
1.4
2.3
1.8
2.4
1.2
1.6
1.2
2.0
29.0
1.3
1.4
1.2
1.6
1.3
0.9
0.9
1.8
8.3
1.8
0.7
2.3
0.8
0.5
0.7
2.9
1.7
2.4
1.7
1.4
1.3
1.0
1.6
6.7
0.7
1.2
1.8
3.5
2.6
2.2
1.9
0.7
1.5
2.9

208,258.62
136,222.04
7,386.57
191,070.23
64,990.77
13,107.59
69,600.00
89,340.57
96,910.96
82,580.70
69,870.00
41,977.56
30,354.20
55,405.42
39,496.56
120,882.29
43,400.98
38,136.70
26,011.07
40,867.20
16,893.83
10,392.46
22,774.08
27,300.00
49,200.00
24,052.34
15,598.38
32,020.00
3,367.60
7,441.88
24,012.96
42,769.12
26,163.36
15,325.20
5,457.38
30,595.77
23,735.19
24,375.00
11,081.14
51,040.00
9,516.54
12,574.60
17,297.83
14,567.81
26,373.60
13,735.00
1,820.00
2,354.43
11,200.00
28,061.93

JINSN
UAL N
ASIRN
TJL N
EXPON
CFVFN
AAICN

23.40
168.00
21.50
23.90
9.20
46.90
131.40

24.94%
21.45%
20.41%
17.34%
10.56%
40.04%
39.33%

13.04
61.88
4.92
9.59
5.17
25.97
68.68

1,181.05
1,137.49
1,103.95
1,098.79
1,067.76
1,053.14
1,012.92

3.25
13.27
1.00
1.66
0.55
10.40
27.01

7.2
12.7
21.4
14.4
16.8
4.5
4.9

1.8
2.7
4.4
2.5
1.8
1.8
1.9

8,494.20
14,400.00
23,630.48
15,791.98
17,985.22
4,748.63
4,927.50

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

Trailing
EPS

Trailing PE

PBV

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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A member of Asia Capital Group

Net Profit

Mkt Cap Mn

Weekly Review by Asia Securities Research

6 February 2015

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-0014
REEF-W-0019
JKH-W-0022
JKH-W-0023

142.00
40.00
185.00
195.00

Share Price
(2015/02/06)
91.00
15.00
209.00
209.00

Expiry Date

Warrant Price
(2015/02/06)

25-Aug-15
15-Jun-15
28-Sep-15
27-Sep-16

2.60
0.90
41.70
53.00

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A member of Asia Capital Group

Price According to
Black Scholes model
(Intrinsic value)
0.00
0.00
33.37
41.74

Undervalued/
(Overvalued)
(2.60)
(0.90)
(8.33)
(11.26)

Weekly Review by Asia Securities Research

6 February 2015

Commodity Prices
Date as at

16.01.15

23.01.15

30.01.15

06.02.15

WoW %
change

48.7

49.4

49.1

57.7

17.5

METALS
Gold (USD/ounce)

1,258.5

1,294.6

1,264.9

1,267.2

0.2

Copper LME (USD/ton)

5,715.0

5,665.0

5,395.0

5,720.0

6.0

14.01.15

21.01.15

28.01.15

05.02.15

WoW %
change

441.09

443.84

441.53

424.29

-3.9

13.01.15

22.01.15

29.01.15

05.02.15

WoW %
change

263.50

318.00

315.25

323.00

2.5

16.01.15

23.01.15

30.01.15

06.02.15

WoW %
change

131.87
153.40
200.49
1.13
21.24

131.54
149.29
197.07
1.11
21.13

131.94
149.55
198.88
1.12
21.11

131.75
150.83
201.92
1.12
21.10

-0.1
0.9
1.5
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
GBP
JPY
CNY

Source: Bloomberg, CBSL, Asia Siyaka, Citi Bank

Oil
Crude oil rebounded from its almost 6 year low and rallied during the week as data released during the beginning of the
week prompted investors to speculate that the global supply glut could ease. Data released during the week showed that
there has been a considerable drop in the number of oil drilling rigs in the U.S. and several energy firms have curtailed
their oil drilling budgets. However, price gains were slightly capped during mid-week as the data released by U.S. Energy
Information Administration showed that crude oil stockpiles rose by the highest amount since 1982 during the previous
week. However, prices rebounded again towards the latter part of the week as the conflict in Libya and stimulus measures
in China triggered buying interest. On the back of these developments, Brent for delivery in March gained as much as
17.5% over the week.

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Weekly Review by Asia Securities Research

6 February 2015

Gold
Gold gained during the week as investors sought safe haven assets during the week. Uncertainty surrounding Greece rose
during the week after ECB stated that it would cease to accept Greece bonds as a collateral for liquidity operations, which
prompted investors to seek gold as a safe haven. Further, China cut its reserve requirement for banks in order to revive the
slowing down economy. A cut in reserve requirement would increase the money supply and trigger inflation, whilst a rise
in crude oil prices also exerts upward pressure on inflation. As such investors bought gold as a hedge against inflation. On
the back of these developments gold gained during the week.

Copper
Copper recovered from its slump witnessed during the past few weeks and rose sharply during the week mainly driven by
rise in crude oil prices. Increase in crude oil prices increases the energy cost required for copper production. Further, the
cut in reserve requirement for banks in China renewed investor optimism as investors speculated that the stimulus
measures would revive the growth momentum of the economy and in turn stimulate demand for copper. As a result copper
for delivery in 3 months gained 6% over the week.

Forex Markets
Several emerging market currencies gained against the USD during the week driven by the surge in crude oil prices during
the week and due to the monetary easing in China. The Malaysian Ringgit which fell sharply during the past few weeks
against the USD rebounded during the week as investors speculated that the rally in crude oil during the week would
revive the country‟s exports and improve the current account balance. Mirroring the performance of Malaysian Ringgit,
the Russian Ruble also gained against several currencies supported by the increase in oil prices and on speculation that
there could be peace talks between Russia and Ukraine.

Source: Bloomberg, Reuters, Economic Times

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A member of Asia Capital Group

Weekly Review by Asia Securities Research

6 February 2015

Focus on Investment – Key Buys
Manufacturing
X – LKR 49.00

81
71
61
51
41
31
21

LKR

Tokyo Cement
N – LKR 68.70

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. The expansion in capacity, internalization of
energy requirement and current low interest rates are likely to assist the
company to maintain its growth momentum.

TKYO

LKR

61
56
51
46
41
36
31
26
21
16

TKYOX

Banking& Finance

270
250
230
210
190
170
150

LKR

Sampath Bank
N – LKR 250.00

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.

SAMP

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Weekly Review by Asia Securities Research

6 February 2015

Focus on Investment Contd...
220
210
200
190
180
170
160
150
140
130

Banking & Finance
X- LKR 162.10

LKR

Hatton National Bank
N-LKR 202.00

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

170
160
150
140
130
120
110

HNBX
Chemical & Pharmaceuticals

LKR

CIC Holdings
N – LKR 84.80

90
80
70
60
50
40

X – LKR 67.00

CIC plans to invest and strengthen the Agriculture and livestock
segment which is currently the top revenue contributor. Company plans
to expand its B2B operations by identifying new partnersto get into their
supply chain, introduce hybrid seeds to get better yields, etc. The
government‟s plan on boosting the local dairy production (scaling down
dairy imports) in order to cater to 50.0% of the local demand would
certainly benefit the company‟s Dairy and Livestock segment.
Consumer and Pharmaceuticals which includes “Link” natural products
led by Samahan and Sudantha which generates the second highest
turnover is likely to benefit from strengthening the distribution channel
etc. Divesting and liquidating underperforming entities will reduce
overhead cost and losses which currently erodes the margins whilst
scaling down certain retail businesses (such as Fresheez and Juiceez) by
closing down certain outlets, will also assist the company to achieve
positive/improved ROE‟s going forward.

CIC

LKR

70
60
50
40
30
20

CICX

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Weekly Review by Asia Securities Research

6 February 2015

Stock Exchange Announcements
As at 6th February 2015

Dividend Announcements
Company

Dividend per share

Final/ Interim

XD Date

Date of
payment

1.25

Interim

27-01-2015

09-02-2015

Senkadagala Finance

0.85

Interim

10-02-2015

20-02-2015

John Keells Holdings

1.00

Second Interim

11-02-2015

23-02-2015

Textured Jersey Lanka

0.50

First Interim

11-02-2015

23-02-2015

Vallibel Power Erathna

0.50

Interim

18-02-2015

27-02-2015

Overseas Realty

1.00

First & Final

07-05-2015

15-05-2015

AIA Insurance

7.07

Interim

CT Land Development

To be nortified

Rights Issues

COMPANY

Softlogic Finance

XR
DATE

PROPORTION

10 for 28 Issue Price: Rs30.00/-

To be notified

9
A member of Asia Capital Group

LAST DATE
OF
ACCEPTANCE
& PAYMENT

TRADING OF
RIGHTS
COMMENCES
ON

Weekly Review by Asia Wealth Research

06 February 2015

Valuation Guide
Company

YE

SH
(mn)

M.CAP
(Bn)

Price

Earnings(LKR Mn)
FY11

EPS

FY12

FY13

FY14E

FY15E

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
7,650.5
10,563.4
10,563.4
3,635.0
2,641.9
2,136.4

7,757.5
7,757.5
11,016.9
11,016.9
5,186.8
4,022.5
2,467.4

11,676.9
11,676.9
13,886.6
13,886.6
6,271.3
5,152.3
3,004.4

16.9
16.9
9.2
9.2
21.9
16.4
7.0

19.7
19.7
11.6
11.6
31.8
53.6
8.4

19.0
19.0
12.2
12.2
21.6
16.0
9.3

19.3
19.3
12.7
12.7
30.9
24.4
10.7

29.0
29.0
16.0
16.0
37.3
31.2
13.0

11.9
9.6
18.4
14.5
11.4
14.1
15.0

10.2
8.2
14.4
11.4
7.9
4.3
12.4

10.6
8.5
13.8
10.9
11.5
14.4
11.3

10.5
8.4
13.2
10.4
8.1
9.5
9.7

7.0
5.6
10.5
8.3
6.7
7.4
8.0

8.50
8.50
6.50
6.50
8.00
10.00
2.10

4.2%
5.2%
3.9%
4.9%
3.2%
4.3%
2.0%

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

143.0
143.0
71.0
71.0
188.6
148.5
50.9

1.4
1.1
2.4
1.9
1.3
1.6
2.0

68.80
49.00
6.40

855.7
855.7
578.7

973.2
973.2
686.4

827.9
827.9
721.6

2,305.5
2,305.5
835.9

2,384.2
2,384.2
612.1

2.6
2.6
0.6

2.9
2.9
0.7

2.5
2.5
0.9

6.9
6.9
0.9

7.1
7.1
0.6

26.9
19.1
10.5

23.6
16.8
8.9

27.8
19.8
6.8

10.0
7.1
7.3

9.6
6.9
9.9

1.50
1.50
0.38

2.2%
3.1%
5.9%

25%
25%
24%

27.5
27.5
3.7

2.5
1.8
1.7

57.00

877.0

907.3

2,908.8

4,813.4

7,570.1

1.6

1.7

5.5

9.0

14.2

34.6

33.5

10.4

6.3

4.0

2.00

3.5%

28%

32.0

1.8

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

Dec
Dec
Dec
Dec
Dec
Dec
Dec

321.74
80.86
810.36
55.58
167.91
165.09
230.61

65.0
13.1
136.2
7.4
42.0
38.1
24.1

202.00
162.10
168.10
132.90
250.00
231.00
104.30

MANUFACTURING
Tokyo (V)
Tokyo (NV)
Piramal Glass

Mar
Mar
Mar

222.75
111.38
950.09

15.3
5.5
6.1

POWER & ENERGY
LANKA IOC

Mar

532.53

30.4

FY11 FY12

* Companies with their financial year ending in December would carry forecasted
figure for FY14.

10
A member of Asia Capital Group

FY13

PE
FY14E FY15E FY11 FY12

FY13

FY14E

FY15E

DPS

DY

ROE

BVPS

PBV

Weekly Review by Asia Securities Research
Company

Code

Year
End

Price
(LKR) 1W(%)

MARKET
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

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

1Y(%)

Shares Trailing
Mn
ROE

Net Profits
4 Qtrs
trailing

Sep'14

Jun'14

Net Profits (mn)
Mar'14
Dec'13

Trailing Trailing
EPS
PE

PBV Market Cap
(mn)

(0.24)

(3.47)

(2.16)

15.98

11.17%

199,864.82 52,788.06

42,008.33

53,573.71

51,516.81

15.18

1.70 3,034,927.10

0.07

(2.93)

0.60

31.10

11.82%

65,422.51 19,561.58
37,834.13 11,225.11
11,167.42 3,330.63
11,167.42 3,330.63
3,998.53
912.29
8,055.32 2,519.50
8,055.32 2,519.50
2,527.29
830.08
3,721.60 1,242.34
201.05
101.19
4,998.84 1,112.35
3,057.27 1,049.50
3,057.27 1,049.50
370.10
110.34
7.36
50.74
(270.64)
(33.84)
18,591.46 6,508.34
(354.62)
(21.24)
333.61
48.47
88.21
28.49
3,475.10
949.16
(314.03) (146.98)
3,456.22 1,585.91
1,827.49
554.52
31.78
62.69
(59.43)
(39.25)
89.11
22.98
89.11
22.98
(1,800.62) (454.43)
(1,800.62) (454.43)
188.09
86.70
315.39
81.21
93.79
25.82
313.80
89.13
100.41
43.79
172.24
35.53

14,523.27
9,663.13
2,216.41
2,216.41
1,122.73
2,550.18
2,550.18
607.60
843.05
89.95
1,542.95
684.21
684.21
82.66
9.01
(85.62)
3,761.62
(126.89)
33.32
(3.63)
844.05
(55.42)
926.46
449.06
6.60
(30.28)
14.73
14.73
(627.37)
(627.37)
5.22
66.09
16.40
73.61
11.39
53.48

13,726.70
8,270.27
2,301.07
2,301.07
1,172.06
1,097.10
1,097.10
549.67
1,190.89
85.94
1,275.37
526.40
526.40
102.45
18.65
(49.33)
4,163.76
(86.44)
164.68
51.20
840.56
(107.66)
239.03
543.11
(27.40)
18.76
15.62
15.62
(447.33)
(447.33)
56.22
100.12
32.10
70.11
16.72
39.40

17,640.44
8,675.63
3,319.31
3,319.31
791.45
1,888.55
1,888.55
539.95
445.33
(76.03)
1,068.17
797.15
797.15
74.64
(71.04)
(101.85)
4,157.75
(120.04)
87.14
12.14
841.34
(3.98)
704.82
280.79
(10.11)
(8.66)
35.78
35.78
(271.50)
(271.50)
39.95
67.97
19.48
80.95
28.50
43.84

11.85

1.40

12.90
12.90
15.08
20.01
20.01
10.96
22.54
0.68
29.77
8.86
8.86
5.72
0.01
na

13.0
10.3
13.9
10.1
8.1
9.5
10.2
35.8
8.4
10.8
6.9
11.9
3943.4
na

2.1
1.7
1.2
1.3
1.0
1.8
1.4
1.6
1.2
1.3
0.9
1.5
1.8
1.3

136,222.04
7,386.57
55,405.42
64,990.77
13,107.59
24,052.34
38,136.70
7,199.00
41,977.56
16,893.83
10,392.46
4,400.32
29,031.41
6,378.55

na
137.29
11.86
33.13
na
7.27
26.39
0.24
na
0.05
0.05
na
na
5.02
7.59
14.90
1.90
1.86
3.03

na
6.3
13.9
7.5
na
11.8
6.1
78.6
na
26.3
8.1
na
na
8.4
6.2
12.8
9.7
23.6
8.9

2.4
0.8
1.7
1.2
12.8
1.6
1.6
0.9
1.6
2.3
0.7
na
na
1.1
1.5
1.2
1.4
3.0
1.8

1,457.76
2,114.10
1,227.19
26,011.07
1,105.12
40,867.20
11,081.14
2,497.50
1,532.25
1,549.30
245.63
1,130.34
740.00
1,573.07
1,952.88
1,196.22
3,058.67
2,370.13
1,533.61

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

168.10
132.90
209.00
202.00
162.10
104.30
231.00
24.40
250.00
96.00
61.50
68.00
26.60
5.10

1.46
(0.94)
(1.32)
2.08
1.26
(1.98)
(1.64)
2.63
0.53
2.16
(1.45)
2.71
-

(6.61)
1.46
(4.81)
1.97
1.31
(0.48)
(7.88)
(9.77)
3.43
0.32
2.33
(2.58)
(3.77)

(0.88)
11.78
(8.18)
3.06
9.75
11.55
(4.83)
5.26
3.70
14.13
11.34
(5.56)

39.62
37.11
40.19
27.44
28.65
55.67
25.78
41.18
46.97
48.83
80.06
88.89
37.31
(15.00)

810.36
55.58
265.10
321.74
80.86
230.61
165.09
295.04
167.91
175.98
168.98
64.71
1091.41
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

11.10
870.00
165.00
248.00
4.40
86.00
160.00
18.50
22.70
1.30
0.40
19.50
7.40
42.00
47.00
190.00
18.50
44.00
27.00

1.82
2.35
1.22
(2.22)
(2.27)
(3.73)
(1.07)
(5.42)
1.05
2.74
4.74
0.21
1.60
2.76
(8.48)
-

(5.88)
4.79
9.93
(2.02)
(12.00)
(7.12)
(6.98)
(1.07)
(15.30)
(7.14)
(20.00)
(11.52)
(10.71)
(6.67)
(1.88)
(2.56)
(7.00)
9.35
-

(8.94)
0.58
1.85
1.22
(18.52)
(2.16)
(4.76)
1.09
(20.35)
(18.75)
(20.00)
(5.88)
(9.64)
(12.32)
1.95
(15.56)
2.20
1.45
(29.32)

(34.12)
6.10
50.41
30.53
(53.68)
14.80
58.42
23.33
44.59
(20.00)
48.84
10.29
23.89
47.34
34.47
36.76
35.81
42.11

131.33
2.43
7.44
104.88
251.16
475.20
69.26
135.00
67.50
1191.77
614.07
57.97
100.00
37.45
41.55
6.30
165.33
53.87
56.80

11
A member of Asia Capital Group

BVPS

06 February 2015

16.03%
80.43
16.03%
80.43
8.81% 171.25
12.70% 157.51
12.70% 157.51
19.09%
57.42
13.19% 170.93
4.37%
15.61
14.70% 202.47
12.39%
71.53
12.39%
71.53
12.97%
44.10
0.05%
14.89
na
3.98
13.63%
na
4.69
13.02% 1054.71
11.92%
99.53
15.37% 215.53
na
0.34
13.43%
54.16
26.57%
99.32
1.12%
20.96
na
14.48
8.74%
0.56
8.74%
0.56
na
-59.06
na
-59.06
12.88%
38.98
24.21%
31.35
9.26% 160.84
14.66%
12.94
12.56%
14.85
20.77%
14.60

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
BRAC LANKA 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
ARPICO INSURANCE
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

90.10
79.80
60.00
2.00
26.50
45.80
2200.00
27.90
4.00
27.90
1.30
401.80
15.60
9.30
6.70
54.60
25.00
1.70
13.00
99.90
4.40
23.60

Price
1W(%)
(0.11)
(0.38)
(4.76)
(1.50)
0.36
(2.44)
4.49
(7.14)
(6.56)
4.03
1.52
(0.72)
1.63
(11.76)
1.11
2.33
(3.25)

Performance
1M(%)
(1.63)
3.18
(9.09)
(2.75)
(6.95)
(6.98)
2.95
(23.53)
(5.46)
(1.90)
(10.67)
(8.65)
(1.96)
(10.00)
(11.11)
2.87
(6.38)
(11.52)

1Q(%)
(5.24)
0.52
(13.04)
(2.21)
(0.22)
(19.48)
(2.44)
(7.31)
(27.78)
(2.24)
(11.93)
(29.55)
(12.99)
4.77
12.11
5.88
(17.81)
4.48
(4.35)
(16.78)

1Y(%)
88.94
99.49
22.20
(20.00)
32.50
181.60
57.87
11.11
(12.54)
18.18
19.94
(12.43)
16.25
26.42
182.99
60.26
(5.26)
(15.49)
26.16
2.33
(93.65)

ATL N
AAICN
CINSN
CINSX
CTCEN
HASUN
UAL N
JINSN
AINSN

DiriSaviB
DiriSaviB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB

D
D
D
D
D
D
D
D
D

1.40
131.40
1601.00
525.00
280.10
89.00
168.00
23.40
14.70

(2.67)
5.11
(0.08)
(9.65)
0.91
5.00
0.43
3.57

(17.65)
(9.13)
14.38
(6.08)
(7.25)
3.62
(4.86)
-

(22.22)
(10.61)
20.68
(0.02)
(1.72)
(2.42)
4.87
5.38
-

34.08
18.53
23.53
1.67
34.55
49.73
69.06
-

1500.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00
66.23

10.44%
39.33%
13.32%
13.32%
11.90%
17.55%
21.45%
24.94%
na

0.78
68.68
692.16
692.16
157.78
44.71
61.88
13.04
7.88

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

79.80
46.90
46.00

(0.38)
1.74
(2.13)

3.18
(4.48)
6.73

0.52
(10.50)
1.77

99.49
139.29
10.84

8.01
101.25
50.00

15.35%
40.04%
10.97%

789.96
25.97
28.57

12
A member of Asia Capital Group

Shares Trailing
BVPS
Mn
ROE
46.30 16.85%
67.89
8.01 16.85%
67.89
65.23 23.22%
34.91
500.00
na
na
33.90
9.21%
15.43
318.07 39.40%
13.14
3.01
8.16% 2476.73
22.46
7.35%
14.66
2800.00 16.31%
2.63
37.00 10.62%
13.35
83.43
na
na
5.61 26.22% 149.86
38.77
0.75%
8.26
105.75
2.12%
5.55
688.16 13.78%
5.16
33.00 46.50%
42.20
1579.86 19.13%
12.81
839.21 11.52%
0.95
115.63
7.47%
7.59
37.76
8.50%
94.27
6377.71 12.31%
1.51
22.50
na
13.42

Net Profit
4Qtrs
621.09
621.09
528.70
(971.44)
48.17
1,646.05
607.64
24.19
1,198.98
52.45
na
220.40
2.40
12.42
489.16
647.50
3,872.00
91.72
65.57
302.62
1,186.55
(11.25)
6,816.08
122.54
1,012.92
2,435.79
2,435.79
563.38
392.39
1,137.49
1,181.05
(29.48)
2,180.83
971.02
1,053.14
156.68

06 February 2015

Sep'14
173.32
173.32
122.43
(134.37)
2.37
493.30
173.98
3.13
499.09
35.62

Jun'14
157.53
157.53
100.01
(351.84)
6.59
490.81
88.68
8.58
231.06
4.40

Mar'14
132.38
132.38
190.51
(308.97)
25.55
431.40
135.07
18.67
238.57
(0.20)

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

23.61
1.18
(3.44)
155.91
297.94
1,091.00
44.80
7.23
104.32
495.50
(31.07)

34.11
(1.82)
1.88
6.51
81.97
783.00
13.29
18.60
153.47
275.02
2.93

138.53
1.11
7.96
111.29
101.97
1,160.00
20.87
23.46
56.96
130.75
29.09

24.14
1.93
6.02
215.44
165.62
838.00
12.76
16.28
(12.12)
285.28
(12.20)

800.45
7.23
192.87
174.51
174.51
52.75
50.23
90.94
231.93

631.13
49.36
88.84
89.25
89.25
67.52
54.15
90.78
191.24

980.86
33.20
250.30
285.70
285.70
78.42
53.87
123.62
155.75

4,433.13
32.76
480.91
1886.34
1886.34
364.70
234.15
832.15
602.13

1,027.69
291.58
612.82
123.29

467.39
206.57
209.42
51.40

311.82
247.70
72.22
(8.10)

373.94
225.16
158.69
(9.91)

Trailing Trailing
EPS
PE
11.44
7.9
11.44
7.0
8.11
7.4
na
na
1.42
18.7
5.18
8.9
202.14
10.9
1.08
25.9
0.43
9.3
1.42
19.7
na
na
39.30
10.2
0.06
252.2
0.12
79.2
0.71
9.4
19.62
2.8
2.45
10.2
0.11
15.6
0.57
22.9
8.01
12.5
0.19
23.7
na
na

PBV

Mkt Cap Mn

1.3
1.2
1.7
na
1.7
3.5
0.9
1.9
1.5
2.1
na
2.7
1.9
1.7
1.3
1.3
2.0
1.8
1.7
1.1
2.9
1.76

4,171.56
638.88
3,913.65
1,000.00
898.39
14,567.81
6,613.20
626.69
11,200.00
1,032.30
108.45
2,253.44
604.75
983.50
4,610.67
1,801.80
39,496.56
1,426.65
1,503.13
3,772.52
28,061.93
531.00

0.08
27.01
92.21
92.21
18.78
7.85
13.27
3.25
na

17.1
4.9
17.4
5.7
14.9
11.3
12.7
7.2
na

1.8
1.9
2.3
0.8
1.8
2.0
2.7
1.8
1.9

2,100.00
4,927.50
32,020.00
3,367.60
8,403.00
4,450.00
14,400.00
8,494.20
973.59

121.29
10.40
3.13

0.7
4.5
14.7

0.1
1.8
1.6

638.88
4,748.63
2,300.00

Weekly Review by Asia Securities Research

Company

Year
End

Performance
1M(%)
0.23
(5.51)
(1.26)
(8.11)
4.72
0.69
(4.49)
3.30
3.17
9.07
(4.16)
2.92
(4.60)
(2.54)
6.61
5.38
(2.62)
2.00
(5.49)
(6.25)
(6.54)
6.12
-

1Q(%)
(0.74)
(8.95)
(5.51)
2.19
7.77
2.82
(10.29)
29.36
24.00
(2.64)
10.48
(0.42)
(2.22)
(10.96)
2.24
5.74
7.91
(1.89)
24.39
(14.00)
(3.23)
(10.71)
1.96
-

1Y(%)
0.64
(5.88)
0.07
47.16
73.44
7.41
(20.08)
62.07
82.35
24.40
9.90
1.22
27.54
13.18
67.45
19.44
3.21
40.92
30.77
10.54
30.43
(2.91)
-

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
LUCKY LANKA MILK
LUCKY LANKA MILK

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
LLMPN
LLMPX

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

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

120.00
149.10
735.80
277.50
725.00
1020.00
28.00
24.80
280.00
232.00
2151.00
88.00
60.10
638.00
129.00
2250.00
52.30
5.20
43.70
3.00
10.00
5.20
2.90

Price
1W(%)
(1.36)
(2.28)
(5.06)
6.32
2.11
(4.85)
2.55
(2.75)
2.15
1.75
(2.11)
5.16
(2.05)
(0.95)
(0.99)
1.96
3.57

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

83.00
84.80
67.00
175.00
319.00
315.00
220.00
114.00
86.90
1.50
462.00
1.30

0.21
(2.24)
0.36
(1.47)
(0.40)
0.03
(1.56)
(16.67)
1.79
14.04
(7.14)

(1.03)
0.61
(0.47)
0.75
1.16
1.79
(2.17)
(8.33)
(4.20)
5.08
(6.25)
(7.38)
(13.33)

(2.63)
(1.19)
0.71
2.76
(3.85)
10.73
(9.77)
(16.54)
(2.56)
0.70
(6.25)
(3.21)
(23.53)

15.42
66.27
71.79
(7.31)
51.90
21.15
20.28
(2.73)
39.94
15.38
(1.22)
8.33

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

1.66%
17.54%
na
na
12.05%
4.34%
10.58%
10.58%
na
17.44%
8.26%
15.16%
na

101.50
34.53
34.53
173.49
130.96
291.56
291.56
129.94
63.90
0.63
226.23
na

267.52
280.43
(529.87)
(529.87)
621.03
3.79
233.02
233.02
(218.70)
61.76
14.84
51.45
(250.21)

243.51
(4.72)
184.26
184.26
130.43
2.01
89.33
89.33
(206.26)
28.84
12.49
11.49
(4.36)

28.74
2.26
155.86
155.86
130.67
0.35
13.11
13.11
(208.13)
(2.66)
4.56
7.50
(74.77)

(456.92)
(35.88)
(603.70)
(603.70)
236.16
0.83
67.18
67.18
0.46
(7.73)
5.75
16.56
(136.55)

452.18
318.77
(266.29)
(266.29)
123.77
0.60
63.39
63.39
195.23
43.31
(7.96)
15.90
(34.53)

17.81
na
na
20.90
5.68
30.86
30.86
na
11.15
0.05
34.30
na

78.67
4.7
na
na
8.4
56.2
10.2
7.1
na
7.8
28.6
13.5
na

1.30
0.8
2.5
1.9
1.0
2.4
1.1
0.8
0.9
1.4
2.4
2.0
na

1,307.25
6,181.92
1,465.29
5,199.67
212.63
1,829.61
383.35
2,736.00
481.50
424.50
693.00
131.30

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

186.00
7.00
57.80
27.30

4.74
3.33
2.88
6.20

(14.43)
(3.68)
(9.09)
(8.64)
(20.58)

(8.18)
(3.88)
(11.39)
(2.23)
(14.38)

19.23
(2.11)
34.62
76.78
18.10

71.86
60.00
114.36
1000.00

12.54%
3.67%
2.94%
15.11%
18.17%

222.29
150.65
9.26
46.79
15.59

4,055.16
397.28
16.32
808.58
2,832.97

926.12
36.30
(97.75)
350.01
637.57

762.30
(51.55)
(12.27)
281.57
544.56

1,155.93
130.92
131.91
117.28
775.82

1,210.81
281.62
(5.57)
59.73
875.03

5.53
0.27
7.07
2.83

11.76
33.6
25.7
8.2
9.6

1.48
1.2
0.8
1.2
1.8

13,365.76
420.00
6,609.84
27,300.00

13
A member of Asia Capital Group

Shares Trailing
BVPS
Mn
ROE
20.14%
16.00
5.88% 115.59
224.00
1.54%
52.64
20.99 22.56% 180.37
95.04 15.02% 105.94
20.00
9.65% 436.08
187.32 188.78%
25.88
89.77 11.24%
28.44
4.77 11.24%
28.44
2.75 19.03% 175.16
300.00 13.06% 201.35
0.96 12.30% 1084.17
25.50
2.41%
62.41
31.40 10.48%
29.41
80.00 23.45%
94.98
40.00
na 258.44
53.73 92.95%
77.50
23.55 16.56%
43.99
561.75 11.19%
3.55
30.00
9.53%
28.44
282.21
4.83%
2.91
66.43
na
7.60
176.03
na
na
24.00
na
na

Net Profit
4Qtrs
27,285.27
83.95
181.65
854.06
1,511.79
841.80
9,152.00
302.24
302.24
91.64
7,886.36
128.00
38.28
96.80
1,781.70
(33.33)
3,869.94
171.51
223.16
81.31
39.61
(17.20)
na
na

06 February 2015

Sep'14
8,728.73
8.14
(53.18)
251.50
308.32
329.88
2,094.00
85.20
85.20
22.40
3,704.85
34.76
53.19
23.78
497.92
45.48
1,093.33
65.69
146.36
3.50
11.12
2.50

Jun'14
6,646.75
42.70
(145.33)
231.15
299.31
217.58
2,511.00
32.84
32.84
19.63
1,846.42
33.20
37.82
19.68
487.88
(20.54)
975.77
(15.85)
54.80
19.39
7.90
(8.57)

Mar'14
5,694.75
53.63
227.96
185.99
644.81
192.03
2,026.00
120.80
120.80
27.97
588.54
24.25
59.17
33.07
394.06
(117.67)
1,102.99
67.43
38.31
20.55
6.24
(1.37)

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)

Trailing Trailing
EPS
PE
20.01
5.25
22.9
0.81
183.9
40.69
18.1
15.91
17.4
42.09
17.2
48.86
20.9
3.20
8.8
3.20
7.8
33.32
8.4
26.29
8.8
133.36
16.1
1.50
58.6
3.08
19.5
22.27
28.6
na
na
72.03
31.2
7.28
7.2
0.40
13.1
2.71
16.1
0.14
21.4
na
na

PBV
4.03
1.0
2.8
4.1
2.6
1.7
39.4
1.0
0.9
1.6
1.2
2.0
1.4
2.0
6.7
0.5
29.0
1.2
1.5
1.5
1.0
1.3

Mkt Cap Mn

1,920.00
33,398.40
15,443.04
26,373.60
14,500.00
191,070.23
2,513.61
118.38
770.00
69,600.00
2,064.53
2,244.00
1,887.14
51,040.00
5,159.74
120,882.29
1,231.40
2,921.10
1,311.00
846.62
664.29
915.35
69.60

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
ADAM INVESTMENTS LIMITED

SPENN
CARSN
CTHRN
CFLBN
JFINN
HAYLN
HHL N
JKH N
CSECN
RICHN
SUN N
SHL N
EXPON
FLCHN
VONEN
BIL N
PCHHN
TAP N
AINVN

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

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

106.90
420.50
140.10
28.00
324.90
325.00
83.00
208.80
33.00
8.50
58.00
14.00
9.20
2.00
22.10
1.80
2.30
4.60
3.50

Price
1W(%)
(2.68)
2.42
(0.02)
(0.36)
(1.75)
(0.03)
(3.30)
0.25
(2.20)
0.30
(3.33)
(0.72)
(1.34)
4.55
2.22
-

FOOTWEAR AND TEXTILES
CEYLON LEATHER
HAYLEYS - MGT
ODEL

CLPLN
MGT N
ODELN

MainB
M
MainB
M
DiriSaviB M

91.90
18.60
22.20

(0.94)
(0.11)
1.66
-

(7.97)
4.67
(3.48)

(9.09)
(7.36)
(12.25)

7.20
39.24
60.00
4.72

0.45

(0.59)

(7.75)

28.44

4.86
5.07
(2.86)
1.54
0.11

(5.23)
(9.34)
(2.86)
(3.51)
0.53

(3.36)
(7.05)
(8.33)
(4.90)
(0.42)

10.93
25.00
27.91
23.19
6.11
18.75

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

69.10
14.50
16.50
340.00
33.00
95.00

Performance
1M(%)
0.42
1.92
(4.45)
(1.96)
(6.67)
(9.47)
(4.41)
4.87
(14.69)
(5.43)
(3.41)
5.07
(18.82)
3.37
(5.00)
(10.89)
(10.00)
(8.00)
(4.17)
(12.50)

1Q(%)
0.95
(5.89)
(7.83)
(9.68)
(7.17)
(5.52)
12.67
(17.42)
(5.16)
(6.59)
20.83
(16.36)
(5.15)
(13.64)
(2.21)
(5.26)
(8.00)
(4.17)
(14.63)

1Y(%)
4.43
21.15
0.07
(2.78)
8.70
9.43
103.99
(9.99)
136.43
28.79
81.25
22.12
(2.13)
(13.64)
30.00
(25.00)
109.09
58.62
-

14
A member of Asia Capital Group

Shares Trailing
Mn
ROE
9.43%
406.00 11.56%
196.39 12.18%
183.10
5.87%
180.00
4.86%
35.00
4.99%
75.00
7.71%
515.29 15.66%
997.41 10.15%
123.00 39.27%
2035.04 17.33%
133.83 12.72%
779.00
4.97%
1954.92 10.56%
1368.00
0.05%
1086.56
6.96%
3720.00
0.69%
252.00
na
1002.72
6.60%
449.28
na
1.13%
3.29%
na
1.54%

34.23
207.74
272.13

BVPS

80.36
239.07
90.40
41.94
163.75
325.13
28.64
127.08
16.32
4.68
37.58
9.26
5.17
4.61
30.73
3.52
0.85
4.95
2.37

Net Profit
4Qtrs
34,714.15
3,770.97
5,719.99
971.19
367.09
285.83
1,879.89
2,311.98
12,867.24
788.13
1,649.07
639.59
358.48
1,067.76
3.36
2,325.55
89.82
(683.31)
327.42
(25.89)

Sep'14
6,774.87
578.84
387.11
136.93
(55.02)
54.42
591.54
640.17
2,647.77
560.88
416.62
144.59
102.69
134.04
(62.57)
697.94
(105.55)
(257.20)
183.86
(22.16)

Jun'14
5,793.48
746.86
1,347.18
(164.47)
(133.53)
60.78
366.82
246.74
2,146.26
103.82
296.39
138.16
40.69
173.08
23.41
493.45
(63.08)
(69.10)
51.73
(11.70)

Mar'14
13,897.97
1,365.27
2,954.92
857.77
407.14
81.85
582.91
936.41
4,678.49
49.37
460.88
169.84
52.57
81.15
12.97
735.99
231.67
166.59
72.19

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

101.92
9.47
19.20

120.78
114.88
(74.56)
80.46

130.95
65.69
31.74
33.53

59.46
50.69
4.71
4.07

(87.95)
3.92
(88.69)
(3.18)

18.31
(5.41)
(22.32)
46.04

49.23
17.28
7.36
604.64
11.62
29.52

8,484.26
3,014.07
2,072.71
245.47
221.65
261.06
(417.14)
630.33

1,198.73
726.42
437.88
54.50
89.43
87.90
(81.18)
137.90

389.49
409.68
337.04
9.68
21.00
61.45
(84.70)
65.21

4,428.90
941.62
695.00
90.20
42.20
47.18
(132.76)
199.81

2,467.14
936.35
602.79
91.08
69.02
64.54
-118.50
227.42

6.58%
442.78
500.83
242.00
7.00
139.64
200.00

9.51%
2.84%
12.44%
6.17%
na
10.68%

06 February 2015

Trailing Trailing
EPS
PE
15.56
9.29
11.5
29.13
14.4
5.30
26.4
2.04
13.7
8.17
39.8
25.07
13.0
4.49
18.5
12.90
16.2
6.41
5.2
0.81
10.5
4.78
12.1
0.46
30.4
0.55
16.8
0.00
813.3
2.14
10.3
0.02
74.6
na
na
0.33
14.1
na
na

PBV

Mkt Cap Mn

1.47
1.3
1.8
1.5
0.7
2.0
1.0
2.9
1.6
2.0
1.8
1.5
1.5
1.8
0.4
0.7
0.5
2.7
0.9
1.5

43,400.98
82,580.70
25,651.93
5,040.00
11,371.50
24,375.00
42,769.12
208,258.62
4,058.90
17,297.83
7,761.94
10,906.00
17,985.22
2,736.00
24,012.96
6,696.00
579.60
4,612.53
1,572.47

na
27.4
na
75.1

1.22
0.9
2.0
1.2

3,146.11
3,863.98
6,041.27

19.50

1.28

14.8
29.6
18.0
9.1
na
30.1

1.4
0.8
2.2
0.6
2.8
3.2

3.36
na
0.30

4.68
0.49
0.92
37.29
na
3.15

30,595.77
7,262.03
3,993.00
2,380.00
4,608.04
19,000.00

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
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
BANSEI ROYAL RESORTS HIKKADUWA
LIMITED
INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL
ENVIRONMENTAL RESOURCES

Price
1W(%)

Performance
1M(%)

1Q(%)

1Y(%)

Shares Trailing
Mn
ROE

BVPS

Sep'14
472.31
211.78
86.50
(3.53)
48.29
(84.99)
(95.40)
11.75
6.82
45.89
342.28
17.77

Jun'14
(20.19)
284.73
(2.23)
6.19
(39.95)
(99.81)
(124.32)
(2.68)
1.14
23.46
128.63
5.83

Mar'14
3,487.28
1,222.05
135.00
11.53
60.14
25.57
58.38
20.05
8.60
57.77
967.78
83.03

Dec'13
1,530.79
545.40
107.17
18.57
25.63
-53.64
31.04
13.91
2.89
33.44
451.86
39.00

15.56
87.11
27.49
(68.10)
(19.46)
10.74
32.76
(4.64)
13.63
13.63
(27.72)
23.33
(28.49)
(92.47)
(20.56)
2.37
(60.99)

(12.85)
41.07
19.41
(26.28)
(17.49)
(3.14)
15.59
(17.34)
(0.70)
(0.70)
(29.21)
15.85
(29.37)
(3.73)
(25.10)
(5.79)
(115.82)

35.33
103.45
39.19
30.87
55.08
6.20
108.27
98.77
172.03
172.03
63.97
87.17
(33.24)
(1.80)
28.63
57.42
(34.60)

AHUNN
CONNN
BBH N
CHOTN
PALMN
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
DiriSaviB
DefaultB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M

77.80
76.20
28.00
21.60
56.60
26.90
85.00
65.30
8.70
16.30
56.30
47.30
22.50
1544.00
41.60
15.00
41.00
68.00
59.00
77.50
32.10
22.60
6.00
17.00
4.20
6.60
1.90
18.50
6.80

(1.13)
(2.81)
(2.11)
(6.49)
2.52
1.51
(5.56)
0.62
2.35
(2.99)
(4.58)
(7.80)
(6.09)
(11.57)
0.24
(0.24)
8.11
5.16
(8.29)
1.69
2.44
(1.49)
5.56
-

(1.38)
(9.29)
2.95
(11.84)
(27.52)
1.51
(0.35)
(1.65)
(3.33)
(6.36)
(6.94)
(27.01)
(6.09)
(6.40)
(5.45)
(11.76)
16.15
4.62
(1.67)
1.84
(9.07)
(7.00)
(3.23)
(6.08)
(17.65)
(4.35)
(5.00)
(2.63)
(15.00)

(6.74)
(6.85)
0.36
(15.29)
(33.06)
(7.24)
(7.61)
(1.06)
(10.31)
(7.95)
3.87
(23.71)
(10.37)
(3.08)
(2.12)
(20.21)
(0.87)
3.33
(8.39)
(10.83)
(9.60)
(9.09)
(8.60)
(23.64)
(14.29)
(13.64)
(6.09)
15.25

11.60
8.70
48.40
41.18
(26.39)
(3.93)
3.91
36.25
14.47
27.56
23.46
(3.07)
27.81
21.10
14.60
1.35
34.43
14.67
34.09
(2.88)
14.64
22.16
11.11
23.19
(28.81)
(14.29)
(15.53)
(6.85)

336.29
48.03
129.60
171.83
10.82
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
493.31

RFLN
BRRN

DiriSaviB M
DiriSaviB M

27.70
10.80

2.59
(7.41)

(2.12)
(5.66)

(9.48)
(12.28)

99.28
-

20.00
53.73

6.65%
na

13.20
5.71

17.57
(3.89)

3.70
(9.12)

1.29
(7.56)

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

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB

51.00
190.00
96.60
110.00
162.00
459.80
32.30
25.80
42.80
15.70

(0.18)
(3.27)
1.52
2.69
(6.22)
(8.16)
1.88
0.39
(0.47)
2.61

(4.42)
(49.55)
(3.21)
(1.78)
(5.01)
5.61
(13.48)
(1.21)
2.38
(6.96)
(1.26)

(7.58)
(44.05)
(3.45)
(1.78)
(2.57)
13.29
(6.94)
(6.59)
(13.71)
(6.96)
(3.09)

8.39
(60.27)
8.67
24.13
17.40
54.29
51.37
4.49
14.16
50.18
12.95

7.99
82.10
98.51
6.50
6.50
5.12
89.03
12.86
25.83
349.37

10.21%
1.56%
10.28%
12.33%
2.77%
2.12%
36.86%
9.93%
9.93%
20.17%
na

70.13
290.25
142.71
223.33
249.16
653.34
29.44
29.44
26.81
22.47

5,761.25
8.72
2,449.15
1,733.97
40.28
34.30
1,233.22
297.78
297.78
139.66
(175.82)

1,380.64
2.79
559.15
457.31
64.83
79.81
34.51
107.18
107.18
7.18
67.89

1,201.61
(3.58)
536.65
350.59
(4.56)
31.95
57.26
49.96
49.96
127.44
55.89

M
M
M
M
M
M
M
M
M
M

15
A member of Asia Capital Group

14.81%
45.45
11.92%
57.04
0.92%
27.59
1.56%
35.01
na 153.78
na
44.94
15.72%
46.71
5.79%
59.71
2.65%
10.50
10.39%
12.50
6.16%
51.35
na
na
5.62%
20.31
10.52% 1424.43
7.83%
46.87
na
28.46
3.74%
33.51
3.77%
75.04
16.63%
37.54
4.63% 127.13
12.92%
17.84
12.92%
17.84
2.12%
6.92
14.63%
11.31
na
8.44
na
9.65
na
0.86
8.36%
16.29
na
5.93

Net Profit
4Qtrs
5,470.19
2,263.97
326.44
32.77
94.11
(212.87)
(130.29)
43.02
19.45
160.56
1,890.55
145.62
na
53.74
300.30
111.49
(66.63)
62.67
25.43
197.40
117.63
256.91
256.91
18.02
183.40
(122.31)
(101.04)
(22.62)
78.36
(269.60)

06 February 2015

Trailing Trailing
EPS
PE

PBV

Mkt Cap Mn

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)

6.73
6.80
0.25
0.55
na
na
7.34
3.46
0.28
1.30
3.17
na
1.14
149.86
3.67
na
1.25
2.83
6.24
5.88
2.30
2.30
0.15
1.65
na
na
na
1.36
na

11.6
11.2
110.7
39.4
na
na
11.6
18.9
31.3
12.6
17.8
na
19.7
10.3
11.3
na
32.7
24.1
9.5
13.2
13.9
9.8
40.8
10.3
na
na
na
13.6
na

1.7
1.3
1.0
0.6
0.4
0.6
1.8
1.1
0.8
1.3
1.1
na
1.1
1.1
0.9
0.5
1.2
0.9
1.6
0.6
1.8
1.3
0.9
1.5
0.5
0.7
2.2
1.1
1.1

26,163.36
3,660.21
3,628.80
3,711.42
612.23
1,420.32
498.02
367.31
5,024.25
23,735.19
2,589.80
130.08
1,059.00
3,093.98
1,264.29
1,447.16
2,050.00
612.00
1,865.67
1,550.00
2,424.02
813.85
735.00
1,885.07
677.04
1,026.96
1,140.00
1,065.12
3,354.50

8.54
12.09

4.04
0.70

0.88
na

31.5
na

2.1
1.9

580.26

1,180.39
(3.36)
900.51
560.16
1.58
(43.32)
87.58
76.81
76.81
5.02
(404.60)

1,998.60
12.87
452.83
365.90
-21.58
-34.14
1053.87
63.83
63.83
0.01
105.01

1.09
29.83
17.60
6.20
5.28
240.84
2.92
2.92
5.41
na

5.89
46.7
6.4
5.5
17.8
30.7
1.9
11.1
8.8
7.9
na

0.60
0.7
0.7
0.7
0.5
0.7
0.7
1.1
0.9
1.6
0.7

407.26
15,598.38
9,516.54
715.00
1,053.00
2,354.43
2,875.82
331.71
1,105.69
5,485.06

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

40.70
130.50
15.00
13.90
33.80
99.00
13.40
45.00
81.50
57.50
47.90
67.30
27.00
93.00
1000.00
16.50
19.90
2.60
6.80

Price
1W(%)
(0.59)
1.75
(1.36)
2.04
3.38
(9.17)
(0.74)
(10.00)
(1.09)
(15.94)
(0.21)
6.49
0.37
(0.99)
(2.37)
6.99
-

CLOSED END FUND
NAMAL ACUITY VALUE FUND

NAVFU

MainB

M

94.40

(2.68)

Performance
1M(%)
(5.44)
(0.73)
(1.58)
(3.23)
(5.41)
(11.11)
(10.73)
(0.74)
(7.60)
20.38
(13.40)
6.68
4.34
(5.10)
(0.99)
(6.25)
(80.10)
13.33

1Q(%)
(9.25)
5.71
(6.79)
(11.76)
(6.67)
(13.85)
(5.71)
2.29
(8.54)
10.14
(22.19)
12.71
4.99
0.75
(2.21)
(9.09)
(5.71)
(80.83)
21.43

1Y(%)
(17.24)
29.62
13.97
37.61
45.83
(13.62)
35.99
15.52
45.16
156.29
(25.13)
158.92
41.98
30.43
45.77
(6.59)
18.71
(83.65)
(23.53)
-

0.43

1.51

33.71

16
A member of Asia Capital Group

Shares Trailing
Mn
ROE
9.07%
48.75
5.06%
10.20
6.05%
13.38
na
147.96
0.62%
199.88
na
12.00 11.50%
138.24
na
40.32 11.09%
31.00 14.40%
1.80
na
17.43
0.81%
17.50 23.23%
843.48 12.07%
66.00 11.77%
0.36
4.55%
12.00
3.74%
32.38
na
106.91
na
134.68
8.2%

57.76
215.57
9.28
28.76
13.62
112.81
11.97
47.21
22.62
na
44.11
74.00
29.76
54.40
646.64
13.46
6.99
na
4.56

Net Profit
4Qtrs
4,512.41
142.45
133.06
(16.92)
26.39
(51.97)
155.74
(8.95)
211.20
100.99
na
6.26
300.87
3,029.18
422.51
10.59
6.04
(5.73)
na
50.69

40.46%
40.46%

130.37

567.15
567.15

10.75

BVPS

06 February 2015

Sep'14
1,069.69
37.96
30.83
(17.49)
21.23
(14.30)
23.37
32.28
23.98
13.42

Jun'14
969.41
50.53
62.89
(14.64)
19.42
(10.88)
30.76
1.71
23.35
13.72

Mar'14
1,334.05
9.42
15.25
12.40
29.62
(10.11)
21.72
(51.41)
141.29
57.37

Dec'13
1,139.25
44.54
24.10
2.80
(43.88)
(16.69)
79.88
8.47
22.57
16.49

18.34
22.51
780.30
97.57
2.03
(0.68)
(4.72)

3.57
21.79
677.84
94.45
2.84
1.25
2.83

(13.27)
237.33
716.50
96.24
2.92
1.83
5.19

(2.37)
19.24
854.54
134.26
2.80
3.64
(9.03)

3.05

(12.02)

61.77

(2.11)

241.48
241.48

25.09
25.09

166.17
166.17

134.42
134.42

Trailing Trailing
EPS
PE
11.57
2.92
13.9
13.05
10.0
na
na
0.18
77.9
na
na
12.98
7.6
na
na
5.24
8.6
3.26
25.0
na
na
0.36
133.3
17.19
3.9
3.59
7.5
6.40
14.5
29.42
34.0
0.50
32.8
na
na
na
na
0.38
18.07

PBV

Mkt Cap Mn

1.05
0.7
0.6
1.6
0.5
2.5
0.9
1.1
1.0
3.6
na
1.1
0.9
0.9
1.7
1.5
1.2
2.8
na
na

1,984.13
1,331.10
200.70
2,056.71
6,755.98
1,188.00
1,852.42
1,814.48
2,526.50
103.50
834.86
1,177.80
22,774.08
6,138.00
360.00
198.00
644.43
277.95
915.83

1.8
1.8

0.7
0.7

1,014.91
1014.91

52.75

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
ALUMEX LIMITED

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
ALUMN

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
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
M

120.00
80.00
125.00
11.00
28.00
1.30
0.80
32.30
82.50
39.00
410.00
14.50
145.00
41.90
90.00
79.00
54.00
7.00
119.60
108.00
98.00
5.10
37.30
6.40
40.00
81.40
158.80
113.50
114.50
205.00
14250.00
68.80
49.00
4.60
23.90
6.80
15.00
14.00
16.00

Price
1W(%)
0.09
(2.83)
(0.25)
1.90
(0.36)
(18.75)
0.94
0.49
(3.00)
2.19
(2.68)
3.65
(3.94)
(2.28)
(0.13)
(1.64)
(1.43)
0.93
0.21
(3.77)
3.35
3.23
3.35
1.93
(1.07)
6.22
(6.80)
(25.00)
1.78
0.82
4.55
4.37
4.62
(2.10)
0.63

Performance
1M(%)
(1.91)
0.84
(0.38)
(6.72)
(3.60)
(9.97)
(23.53)
(1.82)
(7.30)
(5.37)
3.04
(5.84)
(7.80)
0.33
(2.11)
(4.59)
(1.43)
(4.32)
(1.54)
(1.74)
(8.93)
(6.57)
25.49
(0.50)
(0.12)
(0.75)
(4.16)
10.41
(5.47)
(25.00)
0.29
(0.81)
9.52
9.13
15.25
(9.09)
(3.03)

1Q(%)
(1.80)
1.44
8.74
(3.10)
(17.05)
(5.08)
(35.00)
7.67
8.55
(9.98)
18.81
(8.81)
2.47
(11.91)
(0.11)
11.42
2.86
(31.00)
(3.47)
0.46
5.60
(15.00)
15.99
33.33
(0.25)
(0.69)
(0.99)
(1.38)
(17.85)
(25.00)
10.81
8.89
109.09
17.73
44.68
(12.50)
3.23

1Y(%)
25.66
11.84
15.36
48.81
10.31
80.65
(62.86)
(33.33)
56.04
42.24
4.86
43.32
7.41
62.92
37.54
9.76
42.86
79.40
(4.17)
15.44
32.48
40.03
30.77
64.44
42.22
16.28
15.25
178.60
27.01
22.07
66.15
(25.00)
105.69
76.90
142.11
46.63
41.67
64.71
-

17
A member of Asia Capital Group

Shares Trailing
BVPS
Mn
ROE
15.58%
5.11 13.23% 130.74
59.89
7.30% 104.48
4.21 12.40% 169.84
41.16
na
8.66
12.06
na
24.91
206.60
na
0.59
194.63
na
0.59
47.32 34.07%
5.77
9.88 10.24% 104.99
60.00
na
45.91
120.00 46.71%
49.57
72.25
na
14.05
59.86 10.92% 128.19
8.00
3.46%
57.65
21.80
7.49% 110.21
80.40 26.89%
31.23
13.70 10.61%
45.53
173.51
na
na
30.00 10.73% 124.32
53.05 19.44%
71.25
54.60 14.85% 110.05
39.00
6.69%
3.97
27.37 22.72%
27.66
950.09 18.73%
3.54
85.97 14.05%
29.45
11.27 12.94%
80.71
11.16 55.43%
41.07
110.79 15.50%
98.41
4.23 14.16% 112.83
3.85
na 233.75
0.13
na 1009.16
222.75 23.23%
28.92
111.38 23.23%
28.92
537.51
na
2.78
660.75 17.34%
9.59
307.53
5.28%
6.71
17.47
5.28%
6.71
54.92
na
8.80
299.30 24.33%
5.25

Net Profit
4Qtrs
13,872.72
88.40
456.85
88.74
(67.96)
(24.64)
(42.35)
(42.35)
93.04
106.24
(33.07)
2,778.97
(35.96)
837.65
15.96
179.91
675.03
66.18
(3.98)
400.23
734.82
892.10
10.36
172.05
629.22
355.76
117.64
254.17
1,689.70
67.61
(9.51)
(10.03)
2,244.99
2,244.99
(200.07)
1,098.79
115.09
115.09
(251.39)
382.21

06 February 2015

Sep'14
4,270.92
31.36
171.17
19.06
(12.50)
(3.67)
(16.91)
(16.91)
35.42
39.64
(40.59)
749.91
(20.75)
295.39
4.56
70.75
211.20
41.63
170.46
217.48
266.42
4.35
55.01
83.95
96.10
37.39
101.48
435.65
11.71
(12.63)
(2.03)
627.78
627.78
94.64
281.79
118.94
118.94
(29.35)
136.11

Jun'14
2,723.07
12.75
30.62
17.26
(25.92)
(2.36)
(12.02)
(12.02)
10.52
13.32
30.85
675.30
4.61
230.66
2.63
25.35
141.19
11.05
(1.55)
85.39
120.67
132.22
3.99
20.96
86.16
62.38
24.09
71.75
161.06
24.00
(3.32)
1.43
523.66
523.66
11.22
164.06
42.10
42.10
(35.91)
62.92

Mar'14
3,673.04
17.48
111.81
29.75
(11.84)
(14.68)
(5.32)
(5.32)
30.13
28.38
(7.86)
763.64
(34.82)
216.17
5.63
41.39
178.17
5.85
(1.11)
17.06
199.77
290.41
1.30
74.33
62.12
106.79
33.77
40.98
759.66
10.13
5.23
(5.38)
581.35
581.35
(313.23)
351.56
(106.56)
(106.56)
115.07
95.91

Dec'13
3,206.26
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)
87.27

Trailing Trailing
EPS
PE
12.06
17.30
6.9
7.63
10.5
21.07
5.9
na
na
na
na
na
na
na
na
1.97
16.4
10.75
7.7
na
na
23.16
17.7
na
na
13.99
10.4
1.99
21.0
8.25
10.9
8.40
9.4
4.83
11.2
na
na
13.34
9.0
13.85
7.8
16.34
6.0
0.27
19.2
6.29
5.9
0.66
9.7
4.14
9.7
10.44
7.8
22.77
7.0
15.25
7.4
15.97
7.2
na
na
na
na
6.72
10.2
6.72
7.3
na
na
1.66
14.4
0.35
19.2
0.35
42.4
na
na
1.28
12.5

PBV

Mkt Cap Mn

1.88
0.9
0.8
0.7
1.3
1.1
2.2
1.4
5.6
0.8
0.8
8.3
1.0
1.1
0.7
0.8
2.5
1.2
na
1.0
1.5
0.9
1.3
1.3
1.8
1.4
1.0
3.9
1.2
1.0
0.9
14.1
2.4
1.7
1.7
2.5
1.0
2.2
1.6
3.0

613.27
4,791.49
526.56
452.78
337.63
268.58
155.71
1,528.32
815.45
2,340.00
49,200.00
1,047.56
8,679.92
335.20
1,962.00
6,351.60
739.95
1,214.58
3,588.00
5,729.44
5,350.80
198.90
1,020.98
6,080.55
3,438.67
917.20
1,772.80
12,574.60
484.65
788.49
1,861.99
15,325.20
5,457.38
2,472.56
15,791.98
2,091.18
262.11
768.83
4,788.85

Weekly Review by Asia Securities Research

Company

Year
End

MOTORS
AUTODROME
C M HOLDINGS
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

879.90
130.00
639.80
1450.00
254.40
101.00

Price
1W(%)
1.09
(1.68)
(0.77)
1.56
3.84
1.00

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

685.00
1620.00
1656.00
1525.20
1654.00

0.83
0.88
(0.41)
0.36
0.24

(1.14)
(1.26)
(0.41)
0.36
(1.60)
(7.08)

(4.97)
0.16
(9.87)
1.81
0.01
(7.60)

16.41
14.23
44.04
10.40
47.36
83.78

102.00
6.87
7.00
6.94
6.94

10.33%
17.24%
1.37%
1.55%
2.57%
2.07%

289.49
869.35
832.13
969.16
823.26

5,554.96
5,091.19
82.13
90.32
172.81
118.51

99.99
(3.16)
20.74
21.05
38.65
22.71

1,255.07
1,126.91
27.18
20.42
49.50
31.06

3,139.14
3,021.97
19.47
25.10
42.96
29.64

1,060.76
945.47
14.74
23.74
41.71
35.11

49.91
11.95
12.91
24.90
17.08

20.6
13.7
135.5
128.3
61.3
96.9

2.1
2.4
1.9
2.0
1.6
2.0

69,870.00
11,131.52
11,589.35
10,585.01
11,478.89

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

25.10
25.50
12.10
35.40
23.80
34.30
90.00
70.80
29.20
15.40
4.50
4.10
12.10
86.00
33.90
36.90
19.80
22.30
31.30
45.50

3.35
(3.95)
1.72
(4.32)
1.67
4.26
(0.99)
1.43
(3.95)
6.94
2.50
4.31
(4.44)
(1.17)
(1.11)
(0.50)
(5.11)
(1.26)
-

(5.08)
(9.06)
(8.65)
(2.48)
(1.67)
(1.21)
(0.29)
(8.06)
(4.19)
(10.15)
(4.35)
(4.35)
(2.38)
(3.20)
1.06
(1.74)
(10.75)
8.11
(6.69)
4.33
-

4.82
(8.73)
(14.13)
(11.28)
(15.71)
(6.15)
(9.74)
(6.24)
(3.01)
(15.85)
(8.88)
(10.20)
(8.89)
(15.38)
(5.49)
(4.78)
(28.60)
(4.31)
(15.21)
4.33
-

37.05
3.72
(17.06)
20.41
7.60
1.24
(13.82)
(9.99)
(9.81)
(20.22)
31.62
2.50
4.31
4.88
16.90
35.23
96.08
26.70
30.42
-

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

7.85%
na
0.33%
14.07%
8.70%
12.06%
10.58%
9.12%
7.44%
na
2.40%
2.36%
2.36%
4.49%
13.12%
10.81%
15.29%
13.70%
14.62%
18.73%
16.62%

43.25
117.23
13.39
43.09
54.71
13.89
141.71
78.30
69.27
54.55
12.85
12.85
25.15
91.97
63.95
34.73
18.43
42.13
46.67
95.10

3,052.29
(50.41)
9.08
157.78
173.65
164.92
117.46
323.01
198.18
(295.53)
38.03
67.60
67.60
60.86
286.49
164.13
103.04
597.61
448.77
150.91
336.71

(124.74)
(93.92)
(66.21)
83.12
(34.64)
(14.78)
(38.86)
65.88
(15.51)
(119.44)
(35.56)
10.02
10.02
(76.47)
60.32
17.62
(79.26)
31.22
73.38
55.20
53.15

807.41
6.10
57.24
31.55
81.39
23.40
28.54
42.44
(19.51)
(214.40)
60.48
90.24
90.24
24.06
48.64
39.88
71.10
230.92
87.84
37.14
80.36

859.91
(57.60)
23.25
59.05
17.30
48.31
28.27
104.16
42.47
37.01
(13.76)
13.52
13.52
77.88
93.07
34.22
22.76
123.37
96.72
42.47
67.45

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

na
0.38
1.88
3.75
6.60
1.47
12.92
5.83
na
1.31
0.30
0.30
1.13
12.06
6.91
5.31
2.53
6.16
8.74
15.81

8.7
na
66.4
6.4
9.4
3.6
23.3
7.0
12.1
na
11.7
14.8
13.5
10.7
7.1
4.9
6.9
7.8
3.6
3.6
2.9

0.68
0.6
0.2
0.9
0.8
0.4
2.5
0.6
0.9
0.4
0.3
0.4
0.3
0.5
0.9
0.5
1.1
1.1
0.5
0.7
0.5

627.50
602.73
1,013.38
1,639.58
595.00
2,740.22
2,250.00
2,407.20
1,168.00
446.60
912.57
83.03
652.84
2,042.50
805.13
715.82
4,686.00
1,624.92
540.39
969.15

AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M

16.70
21.50
112.00
77.00
44.00
3.20

(0.05)
0.47
0.90
1.58
(2.22)
-

(1.58)
(6.18)
(2.27)
(4.27)
(6.10)
(8.33)
(3.03)

(2.64)
1.21
(10.04)
7.28
(2.65)
(12.87)
(5.88)

7.54
39.17
7.50
4.09
(6.78)
(1.35)
-

528.46
1099.09
25.53
8.35
223.73
1409.51

12.18%
14.33%
20.41%
8.46%
8.46%
11.14%
2.74%

6.12
4.92
81.96
81.96
19.29
2.76

2,389.64
463.21
1,103.95
234.84
234.84
480.91
106.73

521.11
129.85
231.78
75.00
75.00
57.66
26.83

518.91
83.64
260.68
60.47
60.47
67.48
46.65

640.31
124.58
343.80
54.87
54.87
144.06
(27.00)

709.31
125.15
267.69
44.50
44.50
211.71
60.24

0.88
1.00
6.93
6.93
2.15
0.08

21.1
19.1
21.4
16.2
11.1
20.5
42.3

2.56
2.7
4.4
1.4
0.9
2.3
1.2

8,825.24
23,630.48
2,859.05
642.60
9,844.22
4,510.42

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 SURGICAL
ASIRI HOSPITAL
CEYLON HOSPITALS [V]
CEYLON HOSPITALS [NV]
LANKA HOSPITALS
NAWALOKA

Performance
1M(%)
1.22
(2.12)
(1.07)
0.69
(1.59)
3.84
(2.51)

1Q(%)
9.72
(1.13)
3.20
(5.91)
(9.38)
2.17
(4.90)

1Y(%)
40.04
6.87
55.42
20.69
3.55
8.26
(21.09)

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
8.64%
1.20
4.03%
15.20
9.73%
8.88
4.49%
3.62
6.61%
6.03 27.46%
100.90 11.27%

BVPS

06 February 2015

790.96
235.14
981.89
687.22
176.96
81.14

Net Profit
4Qtrs
2,157.56
38.23
347.84
391.53
164.36
293.20
922.41

Sep'14
548.71
8.96
146.69
37.16
67.85
79.63
208.42

Jun'14
410.90
9.36
127.65
30.24
14.72
36.31
192.62

Mar'14
632.66
8.46
47.26
213.43
85.49
90.09
187.93

Dec'13
565.29
11.44
26.23
110.70
-3.70
87.17
333.44

Trailing Trailing
EPS
PE
11.91
31.86
27.6
22.88
5.7
44.11
14.5
45.39
31.9
48.59
5.2
9.14
11.0

PBV

Mkt Cap Mn

1.03
1.1
0.6
0.7
2.1
1.4
1.2

1,055.88
1,976.00
5,679.14
5,250.22
1,534.95
10,190.96

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

92.00
125.00
129.30
2399.00
1199.00
759.90
4.60
3.30

Price
1W(%)
(0.08)
2.34
5.04
(4.08)
-

STORES AND SUPPLIES
COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

684.00
1199.90
150.00
405.00

(0.64)
(0.03)
6.59
(0.86)
-

(1.92)
3.88
7.61
(1.94)

(8.80)
1.18
24.56
(5.06)
1.25

9.37
36.66
21.82
12.53
55.77

1.27
2.54
2.28
5.15

TRADING
BROWNS
C W MACKIE
CEYLON FOREIGN TRADES
EASTERN MERCHANTS
RADIANT GEMS
SINGER SRI LANKA
OFFICE EQUIPMENT
TESS AGRO

BRWNN
CWMN
CFT N
EMERN
RGEMN
SINSN
OFEQN
TESSN

MainB
MainB
MainB
DefaultB
MainB
MainB
MainB
DiriSaviB

M
D
M
M
M
D
M
M

105.00
59.90
7.00
6.70
53.00
115.00
2380.00
1.60

(1.45)
(1.64)
3.08
1.50
-

(8.52)
(3.67)
1.70
(6.67)
(1.47)
(5.02)
(3.77)
(11.11)

(2.25)
(4.55)
(1.64)
(14.63)
(8.22)
(8.62)
6.38
3.48
-

31.74
15.77
(0.17)
14.75
(14.10)
6.00
24.06
3.48
14.29

70.88
35.99
140.20
117.45
2.40
125.21
0.08
280.00

12.62%
15.38%
11.50%
9.39%
na
18.90%
10.90%
na
na

214.45
48.14
6.09
8.34
5.67
40.86
565.87
1.30

3,066.18
2,337.23
199.19
80.18
(80.46)
2.57
557.58
4.03
(34.12)

1,031.17
816.90
45.80
2.18
(32.78)
(5.52)
217.84
1.04
(14.28)

254.42
125.85
29.91
11.62
(21.84)
(2.48)
116.85
1.49
(6.97)

1,587.15
1,330.65
73.09
59.98
(11.26)
8.66
129.88
4.64
(8.50)

193.45
63.82
50.39
6.40
(14.58)
1.91
93.02
(3.13)
(4.37)

32.98
5.53
0.57
na
1.07
4.45
48.33
na

8.66
3.2
10.8
12.2
na
49.5
25.8
49.2
na

1.09
0.5
1.2
1.1
0.8
9.4
2.8
4.2
1.2

7,441.88
2,155.71
981.37
786.89
127.20
14,399.11
198.39
448.00

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

18.10
57.00
6.50
8.20
41.00
35.00
6.00
3.30
6.60

0.56
(0.55)
2.16
3.28
7.89
4.36
2.94
13.21
3.13
3.13

(1.66)
(1.09)
(9.12)
8.62
7.89
(5.13)
(10.26)
(6.25)
3.13
(1.49)

(1.56)
2.84
4.03
10.53
20.59
(0.73)
(1.96)
(6.25)
22.22
(5.71)

23.39
0.56
46.39
75.00
41.38
23.33
42.86
17.65
37.50
(8.33)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

17.28%
na
23.22%
14.54%
25.22%
17.07%
17.07%
na
11.65%
1.11%

19.57
34.89
2.73
3.50
18.80
18.80
7.03
2.23
7.37

6,019.66
(515.48)
4,314.87
189.15
658.71
1,242.04
1,242.04
(7.34)
129.55
8.16

2,234.66
6.66
1,134.20
141.03
370.25
494.38
494.38
30.03
51.67
6.45

1,655.10
(68.89)
1,202.25
40.25
149.60
328.51
328.51
(11.20)
20.65
(6.07)

206.18
(534.44)
722.80
(33.21)
4.37
39.82
39.82
(17.87)
18.03
6.69

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

na
8.10
0.40
0.88
3.21
3.21
na
0.26
0.08

10.03
na
7.0
16.4
9.3
12.8
10.9
na
12.7
80.9

1.73
0.9
1.6
2.4
2.3
2.2
1.9
0.9
1.5
0.9

2,266.12
30,354.20
3,102.25
6,126.30
13,735.00
1,820.00
654.53
1,650.00
660.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

12.80
0.30

1.09
1.56
(33.33)

(3.52)
(3.70)
(33.33)

(1.91)
(7.80)
(33.33)

16.66
(11.56)
(66.67)

na
122.13 149.38%
343.40
na

0.57
0.74

(399.58)
103.45
(503.02)

0.99
32.64
(31.65)

(70.60)
27.54
(98.14)

(150.73)
18.74
(169.46)

(179.24)
24.53
(203.77)

0.85
na

na
15.1
na

5.17
22.6
0.4

1,563.28
103.02

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

11.90
49.50

1.83
(3.02)

0.45
(10.45)
(6.24)

(0.53)
(0.83)
(3.80)

20.19
30.43
33.24

11.67%
13.61%
10.38%

5.16
35.05

12,289.07
5,724.07
6,565.00

3,768.80
1,693.80
2,075.00

4,077.60
1,656.60
2,421.00

1,797.94
1,250.94
547.00

2,644.73
1,122.73
1,522.00

0.70
3.64

15.16
16.9
13.6

1.77
2.3
1.4

96,910.96
89,340.57

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(%)
(4.50)
0.99
1.63
(0.54)
19.95
5.81
34.47
(6.12)
(2.94)

1Q(%)
(3.12)
0.08
3.44
(4.04)
18.42
16.91
(8.00)
(2.94)

1Y(%)
17.03
26.20
15.74
12.43
33.29
19.59
1.32
4.55
3.13

8143.78
1804.86

53.06
98.12
na
439.04
574.10
68.33
1.71
2.52

Net Profit
4Qtrs
461.44
235.29
23.24
6.45
1.98
0.05
0.21
71.46
122.76

Sep'14
91.31
79.97
4.07
(38.17)
(1.04)
(1.15)
0.41
22.61
24.60

Jun'14
92.57
66.95
6.27
(29.15)
0.89
(0.14)
0.05
14.98
32.73

Mar'14
85.95
74.24
7.80
(47.23)
0.30
(0.49)
(0.54)
20.47
31.40

Dec'13
191.61
14.13
5.10
121.00
1.83
1.83
0.29
13.40
34.03

2.30%
9.58% 804.55
2.65% 1183.73
36.91%
64.86
na 966.99

210.43
98.14
79.57
54.54
(21.83)

88.82
41.57
17.56
19.81
9.88

(115.75)
0.72
(86.17)
5.17
(35.47)

62.17
54.85
1.42
11.78
(5.88)

175.18
0.99
146.76
17.79
9.64

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

19
A member of Asia Capital Group

Shares Trailing
Mn
ROE
10.65%
60.80
7.29%
2.94
8.06%
2.84
na
0.04 12.87%
0.05
0.18%
0.10
3.01%
114.00 36.57%
260.00 18.71%

BVPS

06 February 2015

Trailing Trailing
EPS
PE
17.19
3.87
23.8
7.91
15.8
2.27
57.0
56.53
42.4
1.04 1156.8
2.06
369.0
0.63
7.3
0.47
7.0

PBV

Mkt Cap Mn

1.83
1.7
1.3
na
5.5
2.1
11.1
2.7
1.3

5,593.60
367.16
367.86
83.99
59.95
76.01
524.40
858.00

77.10
31.38
23.94
na

30.12
8.9
38.2
6.3
na

0.69
0.9
1.0
2.3
0.4

870.63
3,042.30
341.72
2,083.73

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

06 February 2015

Disclaimer
The report has beenprepared by Asia Securities (Private) Limited. 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, reliability or suitability. 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. In no event will Asia Securities (Private) Limited be liable for any loss or damage including without limitation, indirect or consequential loss or
damage, or any loss or damage whatsoever arising out of, or in connection with the use of this report and any reliance you place on such information is therefore strictly at your own risk.
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is disseminated to their customers. Not all customers will receive the material at the same time. Asia Securities (Private) Limited, their respective directors, officers, representatives, employees,
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20
A member of Asia Capital Group

Research
Head of Research
Lourdeena Kudaliyanage

(94-11)5320342

lourdeena@asiasecurities.lk

Manager - Research
Balakrishnan Nirmalan

Assistant Manager -Research

(94-11)5320362

nirmalan@asiasecurities.lk

Amali Perera

sabri@asiasecurities.lk

Priyantha Hingurage
Subeeth Perera
Neluka Rodrigo
Gagani Jayawardhana
Nuwan Eranga
Romesh Priyadarshana
Iresha Fernando
Sharika Rathnayake
Asanka Chaminda
Ruchira Hasantha
Kalana Gangadara
Bhanu Ganegama
TharinduPriyankara
Gayan Nishshanka

(94-11)5320256

amali@asiasecurities.lk

Sales
Institutional Sales
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Niroshan Wijayakoon
Shiyam Subaulla
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Faraj Fouz
Miflal Farook
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Charith Perera

Retail Sales
(94-11) 5320224
(94-11) 5320208
(94-11)5320218
(94-11) 5320211
(94-11) 5320223
(94-11) 5320242
(94-11) 5320210
(94-11) 5320247
(94-11) 5320235
(94-11)-5320215

077 3-576868
0777-713645
0773-502016
0777 -874310
0777 -556582
0773 -717515
0773 -810159
0772-253730
0776-753771
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niroshan@asiasecurities.lk
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ratnam@asiasecurities.lk
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(94-11)5320217
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Branches
CSE Floor

CSE,01-04, World Trade Centre, Colombo – 1.

Matara

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Negombo

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(011)-5735122

0773-688202
077-0458028

adhikari@asiasecurities.lk
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0773-691685

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0773-690749

gayand@asiasecurities.lk
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Uthpala
Karunatilake
Gayan Perera
AsankaSamarakoon

Kandy

Asia Securities (Pvt) Ltd, Cey Bank House
No: 88, Sri Dhalada Veediya, Kandy ( CSE Kandy Branch)

Nilupul Hettiarachchi

(081)-5628500

0777-410164

nilupul@asiasecurities.lk

Hambantota

Hambanthota Chamber of Commerce, Thangalle Road,Hambantota.

Shermin Ranasinghe

(047)-5679240

0777-681866

shermin@asiasecurities.lk

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

Gratian Nirmalan

(021)-5671800

0777-567933

nirmal@asiasecurities.lk

Service Centers
Jaffna