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02nd April 2015

BRS Weekly Market Report

BRS Weekly Market Report


Week at a Glance
Exhibit 1: Market Snapshot

Bourse gains WoW


This week the CSE turned around to make gains after a straight week of market
downturn. The WoW gain for the short week was 1.1% in the ASI with the index
closing at 6,948.14. The S&P SL20 index was flat at 3,909.58. The movement of the
index was on thinner volumes in comparison. The weekly turnover was 2.47bn which
was 43% lower WoW. Interestingly the 31st March effect was an absentee this financial year as most stock prices stayed low.

ASPI
S&P

Current
Week

Previous
Week

Change
(points)

%
Change

6,948.14

6,873.52

74.62

1.1%

3,909.58

3,901.34

8.24

0.2%

Overall sentiments improve


The big caps made mild improvements on thin volumes compared to last weeks
drop. We saw selling pressure mounting on shares like JKH and COMB but the overall
price levels maintained. There was some positive sentiment with the hope of the
revival of GSP+ which would improve the garment sector margins and competitiveness in the EU. The slight dip in the secondary market bond rates too we believe
aided the sentiment. JKH warrants reached a 52- week low with the current low
prices of the share.

Exhibit 2: CSE Market Statistics


Turnover

(LKR mn)

2,468.75

Volume

(Shares mn)

135.05

Foreign Purchases

LKR (mn)

684.74

Foreign Sales

LKR (mn)

659.49

Foreign purchases remained marginally (4%) higher than the foreign sales this week
at LKR 659mn.

Net Inflow / (Outflow)

LKR (mn)

25.25

Seek fundamentally sound counters

Exhibit 3: SL FX Rates

We continue to advise being long on fundamentally stronger stocks shielding your


investment from political volatility. We see value in JKH, SAMP, VPEL, RCL and CDB
that give an adequate margin of safety from our research coverage.

Current Value

Prev. Week

% Change

USD

134.74

134.73

0.01%

POUND

200.49

201.25

-0.38%

EURO

145.79

148.64

-1.92%

1.13

1.14

-0.88%

YEN

Exhibit 5: ASPI Performance


Exhibit 4: Global Market Indices

7,700
7,500

Current Value

Prev. Week

% Change

17,698.18

17,678.23

0.11%

4,880.23

4,863.36

0.35%

7,300

6,900

DOW
JONES
NASDAQ

6,700

FTSE

6,826.50

6,895.33

-1.00%

6,500

DAX

11,989.48

11,865.32

1.05%

6,300

NIFTY
HANG
SENG
NIKKEI

8,586.25

8,350.50

2.82%

25,275.64

24,497.08

3.18%

19,312.79

19,471.12

-0.81%

7,100

6,100
5,900
24-Mar

25-Mar

26-Mar

27-Mar

30-Mar

31-Mar

1-Apr

2-Apr

Page 1

02nd April 2015

BRS Weekly Market Report

Exhibit 6: Trend in Weekly Foreign Flows


Foreign purchases

LKR mn

Foreign sales

Exhibit 7 : Top Sector Gainers and Losers


C&E

Net foreign inflow/(outflow)

7.2%

300

MTR

5.2%

HLT

4.3%

200

TEL

3.7%

100

-0.2% C&P
-0.4% TRD

0
30-Mar-15

31-Mar-15

1-Apr-15

2-Apr-15

-0.7%
-100

OIL
SRV

-1.8%

Source: Colombo Stock Exchange

Source: Colombo Stock Exchange

Exhibit 8: Weekly Summary Statistics

MONDAY

TUESDAY

WEDNESDAY

THURSDAY

All share Index

6,782.43

6,820.34

6,916.08

6,948.14

S&P SL 20 Index

3,832.53

3,852.43

3,900.67

3,909.58

Equity Turnover -(LKR.)

457,318,332

665,859,905

616,529,637

729,042,762

Domestic Purchases -(LKR.)

390,073,178

585,317,392

389,991,107

418,631,473

Domestic Sales -(LKR.)

347,372,876

513,181,350

462,550,732

486,154,272

Foreign Purchases -(LKR.)

67,245,154

80,542,513

226,538,530

310,411,289

Foreign Sales -(LKR.)

109,945,456

152,678,555

153,978,905

242,888,490

Vol of Turnover

27,179,038

28,012,293

41,025,412

38,830,445

% Vol of foreign turnover

6.5%

8.0%

11.1%

46.0%

Total no. of trades

5,707

7,210

6,049

6,966

Foreign % No. of trades

3.9%

4.1%

4.4%

5.2%

2,875,094,870,661

2,891,168,282,342

2,931,751,483,370

2,945,342,666,791

Market Capitalization (LKR)

FRIDAY

Source: Colombo Stock Exchange

Abbreviations
BANKS FINANCE & INSURANCE

BFI

CHEMICALS & PHARMA

C&P

DIVERSIFIED

DIV

HEALTHCARE

HLT

INVESTMENT TRUST

INV

BEVERAGE FOOD & TOBACCO

BFT

CONSTRUCTION & ENG

C&E

FOOTWEAR & TEXTILES

F&T

HOTELS AND TRAVEL

H&T

IT

IT

LAND AND PROPERTY

L&P

MOTORS

MTR

PLANTATIONS

PLT

SERVICES

SRV

TELECO

TEL

MANUFACTURING

MFG

OIL PALMS

OIL

POWER AND ENERGY

P&E

STORES AND SUPPLIES

S&S

TRADING

TRD

Page 2

02nd April 2015

BRS Weekly Market Report

Exhibit 9: Weekly Crossings

Code

No of Crossings

Total Shares

Price (LKR)

None

Monday
Tuesday

NDB

200,000

245.00

CTC

97,353

1020.00

DIAL

6,242,100

10.70

GUAR

169,100

183.00

SAMP

100,000

247.00

JKH

130,000

203.00

ABL

12,600,000

4.90

Wednesday

Thursday

Friday

Holiday
Source: Colombo Stock Exchange

Exhibit 10: Weekly CSE Announcements


Dividend
Company

CODE

DPS (LKR)

Final/Interim

XD

PD

Haycarb PLC

HAYC

2.00

Interim

08.04.2015

21.04.2015

Amaya Leisure PLC

CONN

1.00

Interim

10.04.2015

23.04.2015

Dipped Products PLC

DIPD

3.00

Interim

10.04.2015

22.04.2015

Richard Pieris Exports PLC

REXP

4.00

Interim

10.04.2015

21.04.2015

Kegalle Plantations PLC

KGAL

2.00

Interim

10.04.2015

22.04.2015

Lanka Walltiles PLC

LWL

2.00

Interim

15.04.2015

24.04.2015

Lanka Tiles PLC

TILE

2.50

Interim

15.04.2015

23.04.2015

Sri Lanka Telecom PLC

SLTL

0.89

Final

14.05.2015

22.05.2015

Scrip dividend
Company

Amaya Leisure PLC

Code

Proportion

CONN

1 for 20

XD

XD
Subject to approval

Source: Colombo Stock Exchange

Exhibit 11: Sector Multiples


SECTOR

BFI

BEV

C&P

C&E

DIV

F&T

HLT

H&T

INV

IT

L&P

MFG

MTR

OIL

PLT

P&E

SERV

S&S

TELCO

TRD

PER (x)

13.2

23.9

nm

13.0

20.5

99.0

19.3

50.4

15.1

nm

11.6

21.6

11.2

102.3

9.7

6.9

19.1

20.5

18.1

11.9

PBV (x)

1.6

5.0

1.4

1.5

1.7

1.3

2.6

3.5

1.2

1.5

1.0

2.6

1.3

4.0

0.7

1.6

2.0

1.3

1.6

0.8

Source: Colombo Stock Exchange

Page 3

02nd April 2015

BRS Weekly Market Report

Exhibit 12: BRS Stocks In Focus


MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Banks, Finance & Insurance


CFIN

250.00

-0.04%

0.00%

31.38

7.97

31.11*

8.04

3.00

1.20%

223.74

1.12

CINS

1,691.70

0.00%

22.69%

96.46

17.54

N/A

N/A

16.00

0.95%

671.02

2.52

CINS(X)

601.60

-3.74%

9.38%

96.46

6.24

N/A

N/A

16.00

2.66%

671.02

0.90

COMB

163.70

-1.03%

-4.27%

13.01

12.58

N/A

N/A

6.50

3.97%

70.90

2.31

COMB(X)

130.20

-0.76%

4.08%

13.01

10.01

N/A

N/A

6.50

4.99%

70.90

1.84

DFCC

208.50

2.81%

-4.79%

11.89

17.54

9.96*

20.93

5.00

2.40%

181.14

1.15

HASU

82.80

-2.59%

-0.84%

8.35

9.92

N/A

N/A

3.75

4.53%

48.28

1.71

HNB

226.50

2.03%

16.21%

24.50

9.24

N/A

N/A

8.50

3.75%

168.67

1.34

HNB(X)

166.00

0.61%

8.57%

24.50

6.78

N/A

N/A

8.50

5.12%

168.67

0.98

NTB

100.00

-0.10%

3.09%

11.00

9.09

N/A

N/A

2.10

2.10%

60.25

1.66

NDB

250.00

0.81%

0.00%

16.04

15.59

N/A

N/A

10.00

4.00%

148.85

1.68

SAMP

247.50

-1.82%

4.74%

31.35

7.89

28.99

8.54

11.00

4.44%

205.53

1.20

SEYB

99.00

-1.00%

4.21%

9.21

10.75

N/A

16.23

2.50

2.53%

73.04

1.36

SEYB(X)

61.50

-3.00%

6.96%

9.21

6.68

N/A

10.08

2.50

4.07%

73.04

0.84

#N/A

#N/A

2.92

#N/A

2.44

1.00

#N/A

14.34

#N/A

39.50

3.85%

20.81

49.26

JINS

#N/A

Beverage, Food & Tobacco


CTC

1,025.10

2.56%

-3.30%

46.01

22.28

N/A

DIST

240.00

-0.21%

14.29%

20.68

11.61

18.36

13.07

3.00

1.25%

201.35

1.19

NEST

2,322.00

1.18%

10.31%

61.51

37.75

N/A

N/A

60.00

2.58%

77.20

30.08

CIC

76.00

0.00%

-10.59%

(0.73)

N/M

4.40

17.27

0.00%

71.00

1.07

CIC(X)

57.00

-1.04%

-14.16%

(0.73)

N/M

4.40

12.95

0.00%

71.00

0.80

177.50

7.25%

-8.03%

12.89

13.77

2.25

78.89

4.00

2.25%

152.65

1.16

CARS

370.00

0.98%

-14.03%

19.05

19.42

16.89*

21.91

2.00

0.54%

236.79

1.56

HAYL

301.00

0.33%

-11.44%

24.11

12.48

30.12*

9.99

5.00

1.66%

334.37

0.90

HHL

72.90

-1.09%

-1.88%

3.34

21.83

3.15*

23.14

0.75

1.03%

28.69

2.54

JKH

202.10

1.35%

-19.16%

12.07

16.74

13.87

14.57

3.50

1.73%

132.21

1.53

SPEN

100.00

0.50%

-3.38%

9.04

11.06

7.21*

13.87

2.00

2.00%

82.57

1.21

SUN

49.30

2.71%

-8.70%

4.47

11.03

4.70

10.49

0.95

1.93%

38.35

1.29

Chemicals & Pharmaceuticals

Construction & Engineering


DOCK

Diversified

1. Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits, bonuses and share consolidations.
2. * Annualized EPS
3. ** Companies who have paid both cash and scrip dividends, during the last FY. However, DPS here only represents cash dividend
4. DPS figures represent per share dividend paid during the last FY and are adjusted for splits , bonus issues and share repurchases.

Page 4

02nd April 2015

BRS Weekly Market Report

Exhibit 12: BRS Stocks In Focus


MPS

MTD

YTD

Historical

Trailing

Forecasted

Forward

DPS

Dividend

NAV

PBV

(LKR)

change %

Change %

EPS (LKR)

PER (x)

EPS (LKR)

PER (x)

(LKR)

Yield (%)

(LKR)

(x)

Healthcare
CHL

115.00

0.97%

-2.04%

6.98

16.48

7.85*

14.65

2.00

1.74%

83.89

1.37

75.10

0.00%

-6.13%

6.98

10.76

7.85*

9.57

2.00

2.66%

83.89

0.90

AHPL

67.50

7.14%

-0.44%

5.39

12.52

3.88

17.40

4.00

5.93%

49.23

1.37

AHUN

68.00

1.49%

-13.38%

6.91

9.84

7.60

8.95

1.00

1.47%

45.45

1.50

CONN

79.00

10.49%

-7.06%

7.83

10.09

8.60

9.19

4.50

5.70%

57.03

1.39

EDEN

21.50

2.38%

-16.34%

4.16

N/M

N/A

N/A

0.00%

44.94

0.48

KHL

14.90

4.20%

-12.35%

1.08

N/M

1.34

11.12

0.30

2.01%

12.50

1.19

PALM

45.60

-0.65%

-43.00%

(17.08)

N/M

0.00%

153.78

0.30

SHOT

27.80

-0.71%

-15.24%

0.12

231.67

N/A

N/A

0.00%

17.84

1.56

STAF

57.00

0.18%

3.26%

1.53

37.25

3.59

15.88

1.50

2.63%

37.50

1.52

ACL

76.80

1.05%

0.52%

7.40

10.38

6.36*

12.08

1.00

1.30%

104.48

0.74

KCAB

84.80

6.00%

-5.15%

9.83

8.63

8.80*

9.64

1.50

1.77%

110.21

0.77

LLUB

399.00

1.55%

-0.15%

21.10

18.91

24.08

16.57

15.00

3.76%

49.57

8.05

LWL

97.70

1.98%

0.41%

10.65

9.17

15.59

6.27

2.50

2.56%

113.03

0.86

TJL

24.80

2.90%

20.39%

1.76

14.09

1.89

13.12

1.30

5.24%

10.27

2.41

RCL

CHL(X)

Hotels & Travels

Manufacturing

114.90

3.51%

-1.71%

9.71

11.83

16.94

6.78

1.00

0.87%

103.43

1.11

TKYO

56.90

3.64%

-12.33%

6.90

8.25

6.90

8.25

1.00

1.76%

28.92

1.97

TKYO(X)

38.10

1.87%

-18.76%

6.90

5.52

6.90

5.52

1.00

2.62%

28.92

1.32

DIAL

10.90

4.81%

-18.05%

0.76

14.34

N/A

N/A

0.29

2.66%

5.50

1.98

SLTL

48.00

5.49%

-3.81%

3.32

14.46

N/A

N/A

0.85

1.77%

35.40

1.36

AGAL

25.10

-10.04%

-7.38%

(9.15)

N/M

N/A

N/A

0.00%

39.82

0.63

KGAL

88.90

3.61%

-5.43%

13.84

6.42

8.78*

10.13

1.50

1.69%

143.93

0.62

KOTA

25.20

2.02%

-20.25%

(7.51)

(3.36)

(15.60)*

N/M

0.00%

64.88

0.39

KVAL

69.40

-3.48%

-6.22%

1.47

47.21

N/A

N/A

0.00%

79.55

0.87

MAL

3.80

2.70%

-15.56%

0.39

9.74

N/A

N/A

0.00%

72.81

0.30

WATA

20.00

0.00%

6.38%

2.10

9.52

2.31*

8.66

0.50

2.50%

18.10

1.10

TPL

31.40

-10.54%

-4.85%

7.51

4.18

N/A

N/A

0.00%

67.60

0.46

LIOC

40.20

-0.25%

-33.00%

9.04

4.45

7.37*

5.45

1.50

3.73%

36.03

1.12

HPWR

18.20

-3.70%

0.55%

(2.07)

(8.79)

N/A

N/A

0.75

4.12%

19.44

0.94

Telecommunications

Plantations

Power & Energy

1. Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits, bonuses and share consolidations.
2. * Annualized EPS
3. ** Companies who have paid both cash and scrip dividends, during the last FY. However, DPS here only represents cash dividend
4. DPS figures represent per share dividend paid during the last FY and are adjusted for splits , bonus issues and share repurchases.

Page 5

02nd April 2015

BRS Weekly Market Report

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