Focus: Colombo Stock Exchange

Focus
28th October 2011
th
2011
28October
October 2011
7th
38
Volume
Volume 41
Sri Lanka Focus
ASIA RESEARCH TEAM 1
Colombo Stock Exchange
Weekly Review by Asia Wealth Management Research
Focu
Focu
ASI Daily Closing
IN THIS ISSUE;
Market In Heavy Need Of A New Direction.
The market pursued its downward trend with a

circa LKR1.7 bn WoW dip in total turnover.
Colombo Stock Exch
7 October 2011
Volume 38
Pg 2
Analysis of Various Warrants Listed on the CSE
th
Comparison of the warrants trading price with its

intrinsic value (derived through the Black Scholes Call option
valuation method)
Pg 3
Asia Wealths Billion Rupee Club
Pg 4
Commodity Prices
Market Statistics
Pg 5
Weekly overview of commodity trading
All Share Index

Milanka Price Index
Banking & Finance
Food & Beverage
Diversified
Hotels & Travels
Telecommunication
Manufacturing
Market Capitalisation
7 October 2011
Volume 38
(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

th
% Chg.
-0.1
0.6
0.0
-1.3
1.8
-1.4
-0.7
-1.1
-1.1
-38.4
-38.4
-22.9
-53.8
-14.9
-63.7
Colombo Stock Exch
The bourse completed the trading week on a dull note

apparently with neither domestic nor foreign interest.
Pg7
21-Oct
6,356.94
5,674.86
14,940.60
11,598.88
2,072.97
4,117.15
175.39
3,387.66
2,307.60
20.94
4,407.60
40.00
881.50
342.40
425.40
755.20
W eekly R eview by Asia Wealth-0.2

Mana
Is the market in mayhem with no guidance
Company
SEYLAN MERCHANT W16
SEYLAN MERCHANT W15
ASIAN ALLIANCE INSURANCE
EASTERN MARCHANT
TESS AGRO
DANKOTUWA
MASKELIYA
SAMSON INTERNAT.
AGALAWATTE PLANTATIONS
METROPOLITAN
CITIZENS DEVELOPMENT (NV)
INFRASTRUCTURE
28-Oct
6,348.44
5,661.89
15,027.19
11,593.50
2,046.18
4,192.16
172.96
3,363.24
2,281.50
20.70
2,716.70
24.65
679.20
158.30
362.20
274.20
Price
0.3
1
202.5
20.6
4.6
27.5
25
159.6
53
29.4
61.1
99.2
Large Trades
+/-LKR
-0.9
-0.2
-27.5
-2.4
-0.5
-2.8
3
19.6
9
5.3
12.6
62.7
+/- %
(75.00)
(16.67)
(11.96)
(10.43)
(9.80)
(9.24)
13.64
14.00
20.45
21.99
25.98
171.78
Volume
41,116,500
41,116,500
124,000
191,300
2,671,200
148,800
15,400
8,000
31,300
24,500
167,500
5,400
Company
SEYLAN MERCHANT W16
PANASIAN POWER (Rights)
PEOPLE'S MERCHANT
HVA FOODS LIMITED
BLUE DIAMONDS PLC
SEYLAN MERCHANT
BLUE DIAMONDS PLC (NV)
DIALOG
SEYLAN MERCHANT (NV)
AMANA TAKAFUL PLC
FREE LANKA CAPITAL
SEYLAN BANK (NV)
Volume
39,618,300
9,198,800
7,736,500
7,337,800
5,939,400
5,577,600
4,888,100
3,920,200
3,587,600
3,581,100
3,454,400
2,700,000
Weekly Review by Asia Wealth Manag
Colombo Stoc
Sri Lanka Focus
28th October 2011
The Week in FOCUS

Market In Heavy Need Of A New Direction.
The market pursued its downward trend with a circa LKR1.7 bn WoW dip in total turnover. The bourse is currently
observing a negative year to date performance of 4.2%. Consequently, the All Share Index dipped a mere 8.5 points
WoW to close at 6,348.4 points (-0.1%), whilst the Milanka Price Index also dipped by 13.0 points WoW to close at
5,661.9 points (-0.2%). Indices dipped mainly on the back of the losses made by John Keells Holdings (-2.3% WoW),
Sri Lanka Telecom (-2.2% WoW), CT Holdings (-3.9% WoW), Environmental Resource (-6.4% WoW), and Central
Finance (-4.2% WoW).
The week started extending previous weeks losses with less amount of activity levels and few large scale
transactions taking place namely on Sampath Bank and Seylan Bank showing signs of future hope on the banking
sector. The daily turnover levels did not touch the LKR1 bn mark, recording an average daily turnover of LKR679.2 mn
over the week, although the daily volumes were healthy averaging at circa 39.6mn.
New entrant to the MPI, flaconnage glass manufacturer Piramal Glass Ceylon PLC released it second quarter results
with an outstanding circa 54.4% YoY growth and a promising circa 71.6% QoQ growth. Despite, the counter
witnessed an LKR0.20 WoW dip deviating from the fundamentals.
Seylan Merchant Bank (warrant 16) emerged as the top volume traded counter showing heavy popularity among
retailers, followed by Panasian Power, Peoples Merchant Bank (Rights), HVA Foods and Blue Diamond Jewellery
Worldwide (Non-Voting).
The week saw a net foreign inflow of LKR88.0 mn where foreign purchases amounted to LKR362.2 mn whilst foreign
sales amounted to LKR274.2 mn.
Meanwhile, Trade Finance and Investment initiated its trading during the week at an issue price of LKR20.00. The
counter reached a maximum of LKR26.00 which is a 30% gain, however could not sustain the upward momentum,
lost field to close at LKR20.00.
Nevertheless, the year to date net foreign outflow as at 28th October 2011 amounted to LKR16.8 bn.
28st October 2011
Sri Lanka Focus
Features
Analysis of Various 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. Thus, the negative value would denote that the warrant is overvalued at the current price (assuming the
underlying stock 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.
Warrants Valuation
Exercise
price
CLPL-W-0013
CLPL-W-0014
GREG-W-0002
GREG-W-0003
GREG-W-0006
REEF-W-0018
REEF-W-0019
SEMB-W-0015
SEMB-W-0016
118.0
142.0
33.0
36.0
39.0
30.0
40.0
1.0
0.8
Share Price
Expiry Date
(2011/10/28)
76.7
76.7
51
51
51
59.9
59.9
2.2
0.7
2014-08-25
2015-08-25
2012-02-24
2014-02-24
2015-02-24
2012-06-30
2015-06-15
2011-12-12
2011-12-12
Warrant Price
(2011/10/28)
11
10.9
22.8
21.7
20
22.5
17.3
1
0.3
Price According to Black

Scholes model (Intrinsic
value)
0.0070
0.0001
28.2646
30.5125
30.5114
32.8649
31.3863
1.6164
0.0174
Undervalued/
(Overvalued)
(12.19)
(12.00)
(1.64)
3.51
4.21
4.96
10.49
0.22
(0.38)
Sri Lanka Focus
28st October 2011
Colombo Bourses Billion Rupee Club

Table below shows the club of 39 members who have qualified to be a part of Asia Wealth Researchs 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
JOHN KEELLS HOLDINGS
DISTILLERIES
COMMERCIAL BANK
CARSON CUMBERBATCH
BUKIT DARAH
CEYLON TOBACCO
DIALOG TELEKOM
HNB
SRI LANKA TELECOM
LOLC
SAMPATH BANK
CEYLON GUARDIAN
AITKEN SPENCE
DIMO
DFCC BANK
NDB
NESTLE LANKA
COLOMBO DOCKYARD
CENTRAL FINANCE
BROWNS
AHOT PROPERTIES
EXPOLANKA HOLDINGS
CEYLON INVESTMENT
CHEVRON LUBRICANTS
CEYLON TEA SERVICES
ROYAL CERAMICS
CEYLINCO INSURANCE
RICHARD PIERIS
NATIONS TRUST BANK
UNITED MOTORS
LANKA ORIX FINANCE
CEYLON THEATRES
LB FINANCE
HEMAS HOLDINGS
CARGILLS
LION BREWERY
AIT. SPENCE HOTEL HOLD.
UNION ASSURANCE
COLOMBO FORT LAND
Trailing ROE
14.44%
26.17%
19.80%
28.34%
47.40%
191.82%
17.66%
17.35%
9.77%
32.74%
22.72%
33.23%
12.23%
55.66%
88.28%
15.12%
114.96%
28.18%
18.27%
12.88%
13.72%
24.30%
55.84%
23.54%
28.12%
17.33%
29.48%
16.98%
29.93%
35.46%
10.36%
40.11%
12.95%
15.61%
20.79%
12.24%
41.08%
23.45%
Net Profit 4qtr

LKR mn
8,602.71
8,602.28
7,235.20
7,136.10
6,712.64
5,977.00
5,511.17
5,430.54
5,006.00
4,839.06
4,254.78
3,785.80
2,647.17
2,580.31
2,449.49
2,417.52
2,252.96
2,211.53
2,092.34
1,968.09
1,882.72
1,583.31
1,564.18
1,548.52
1,506.87
1,468.11
1,461.93
1,421.02
1,326.33
1,249.77
1,246.09
1,228.11
1,190.09
1,180.61
1,137.13
1,109.64
1,100.48
1,036.20
1,016.81
Market Capitalization
LKR mn
173,132.39
51,900.00
87,908.30
113,924.05
109,140.00
73,430.91
67,593.36
61,621.74
86,633.28
47,044.80
34,194.21
25,376.10
54,403.47
11,983.19
33,985.52
22,659.86
47,047.39
17,793.64
28,108.73
19,504.80
39,628.39
12,068.07
19,704.00
16,000.00
14,679.59
15,700.00
19,766.28
14,412.96
10,453.30
30,240.00
34,696.93
10,804.11
19,969.58
44,800.00
16,720.00
24,212.88
8,775.00
10,170.00
28st October 2011
Sri Lanka Focus
Commodity Prices
USD WEEKLY (DATE AS
AT)
Crude Oil (Barrel USD)
30.09.11
06.10.11
14.10.11
21.10.11
28.10.11
104.41
102.76
112.06
109.76
112.08
WoW %
Change
2.1%
METAL
Gold (Ounce USD)
1626.91
1648.29
1665.11
1627.74
1744.01
7.14%
Copper( Ton.USD)
7215
6987
7396.1
7000
7817
11.7%
347.45
(30 Sep)
340.12
(Oct 07)
371.84
(Oct 14)
355.75
(Oct 21)
368.13
(Oct 28)
3.5%
Rubber (RSS 1) LKR
485.75
(Sept 27)
485.75
(Sept 29)
485.75
(Oct 04)
460.00
(Oct 14)
460.00
(Oct 14)
Exchange Rates
( LKR)
USD
EURO
STG (GBP)
30.09.11
0.7.10.11
14.10.11
21.10.11
28.10.11
110.17
158.44
179.22
110.17
147.86
170.22
110.2
151.3
173.3
110.2
151.8
174.2
110.0
155.9
177.0
WoW%
Change
-0.2%
2.7%
1.6%
1.42
1.44
1.43
1.44
1.45
0.7%
17.21
17.28
17.26
17.27
17.33
0.3%
AGRI
Tea SLR/Kg
YEN
YUAN (CNY)
Oil
Oil prices dropped considerably during the first half of the week after a lapse of 3 weeks of trading after a U.S
Government report showed an increase in crude oil stockpiles of 4.7 mn barrels, which represents a threefold rise
over and above analyst expectations. Upward pressure was experienced towards the latter half of the week as
hurricanes in the Gulf of Mexico threatened to disrupt supplies leading to a 2% WoW gain. However, oil futures
continued to display bullish backwardation sentiment as futures fell by almost 3.2%.
GOLD
The continuous drop in gold prices for the past few weeks necessitated an upward correction on technical grounds.
This was aided by the most optimistic news out of the Euro zone which has pledged a USD 1.4 trillion European
Financial Stability facility to prevent a financial meltdown. This pushed the Euro to a seven week high against the USD
which propelled gold prices on Thursday to USD 1749.11, which is the highest for the month. Gold futures trading on
the COMEX followed suit with gold for December delivery also hitting a one month high. Although prices of the
yellow metal are expected to fall back to more sustainable levels, analysts are optimistic that it would remain above
the USD 7000 mark for the coming weeks.
COPPER
A massive speculative rally in the run up to the EU summit saw prices of the red metal rise by more than 15% for the
first half of the week. Copper prices fell back to more reasonable levels but remained at an elevated level as the
market positively responded to the Chinese premieres pledge to aid the EU.
Sri Lanka Focus
28st October 2011
Commodity Prices
USD
The EU summit continued to dictate movements in International markets for the week. The Currency exchange
market was no exception which saw the dollar index; a basket of 6 major currencies against the USD slide to its
lowest level since September. The Japanese Yen also experienced upward pressure against the greenback as the Bank
of Japan expanded its Credit and Asset Purchase Programme in a bid to stimulate the economy.
Sri Lanka Focus
28st October 2011
Market Outlook
The bourse completed the trading week on a dull note apparently with neither domestic nor foreign interest.
We believe that the lack of interest by both domestic and foreign parties towards the market could be as a
result of the uncertainty. Trading levels were highly unsatisfactory with many investors remaining on a hold
and watch stance.
Albeit with all this negativity, we still expect the market to posture itself as attractive with a combination of
growth and value stocks that would be ideal to both the retailers, the high end individuals and the corporates
for their investments.
28th October 2011
Sri Lanka Focus
Focus on Investment
Key Buys
Charts Sourced from Asia Wealth Research
Tokyo Cement
N LKR44.40
Manufacturing
X LKR35.60
TOKYO CEMENT COMPANY
80
70
60
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.
50
40
30
20
10
0
29-Oct
Colonial Motors
Motor
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jul
1-Aug
1-Sep
1-Oct
1-Jul
1-Aug
1-Sep
1-Oct
COLONIAL MOTORS PLC
600
N LKR475.00
500
COLO has penetrated into the domestic market by introducing KIA vehicles at
significantly reduced prices. That has been highly successful though it led to
reduce the gross profit margin of the company. Gross profit margin has slightly
improved from 24% to 25% on QoQ basis however it has dipped YoY to record a
drop from 37.5% to 24.7% during 1QFY12. Nevertheless going forward,
company would be able to improve margins by simply skimming the prices of
vehicles together with attaining better margins in Sale of spare parts and
repairs business.
400
300
200
100
0
29-Oct
Expo Lanka Holdings
Diversified
N LKR10.80
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
EXPOLANKA HOLDINGS PLC
18
16
14
With the boom in the Sri Lankan economy and government expenditure on road,
sea, air and rail infrastructure which paves way towards tourism and
international trade, the revenue growth in transport and international trading
expects to fatten contributing to the overall earnings of the company. EXPOs
asset light business model couple with high future earnings anticipates delivering
higher ROEs.
12
10
8
6
4
2
John Keells Holdings
Diversified
N LKR190.50
Going forward, with the growth in GDP, per capita income and increase in
tourist arrivals we anticipate the consumer retail and the leisure sector to
boom. Hence we expect the forward PE multiples to be 17.3X and 14.0X in FY12
and FY13 respectively. Hence the heavy weight JKH is considered to be a value
stock.
JOHN KEELLS HOLDINGS PLC
350
300
250
200
150
100
50
0
29-Oct
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
28st October 2011
Sri Lanka Focus
Focus on Investment
Asian Hotels
Hotel
N LKR85.00
Asian Hotels and Property Development PLC is well poised to ride the expected
growth in the hotel sector of the country. We expect to see a healthy growth in
the industry, shouldered by the improvement in both the tourist arrivals to the
country as well as the growth in the overall economy.
ASIAN HOTELS & PROPERTIES PLC
250
200
150
100
50
0
29-Oct
CIC Holdings
N LKR118.00
Chemicals & Pharmaceuticals
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jul
1-Aug
1-Sep
1-Oct
CIC HOLDINGS PLC
250
X 80.00
200
With countrys agricultural sector achieving a phenomenal growth during the

FY2010, and with vast opportunities unfolding in North & East, CIC is well
positioned to reap benefits as a pioneering firm catering predominantly to
agricultural sector. Acquisition of dairy farms in north & east region coupled with
CICs plans to expand overseas will strengthens companys earnings in the
medium to long term.
150
100
50
0
29-Oct
Commercial Bank
N LKR108.00
Banking
X 75.00
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
COMMERCIAL BANK OF CEYLON PLC
300
250
Commercial Bank is the largest private sector commercial bank with an asset
base of LKR370.3bn and operates with a 400 ATM points, which is also the largest
single network in the country. Towards the future, bank is well positioned with
capital, to take advantage of the strong credit demand prevailing in the low
interest rate economy.
200
150
100
50
0
29-Oct
Distilleries Company
Food & Beverage
N LKR167.00
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
DISTILLERIES COMPANY OF SRI LANKA PLC
250
200
Distilleries with its insurance segment, power plant operating in full capacity,
together with its plantation segment generating higher earnings driven by the
demand for tea will result a bottom line growth. In addition its beverage segment
that has a seasonal impact which is shouldered by the expected foreign influx has
great potential in the forthcoming periods. In addition, with DISTs current cash
rich position, we can expect the company to expand their diversification
strategies.
150
100
50
0
29-Oct
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
28st October 2011
Sri Lanka Focus
Focus on Investment
Hatton National Bank
N LKR189.00
Banking
X 82.00
HATTON NATIONAL BANK PLC
450
400
350
HNB, the second largest private commercial bank with a total asset base of
LKR323.3 bn and a strong network of over 200 branches, is continuing its focus
on expanding its branch network. HNB which has a relatively larger retail deposit
base is projected to enjoy higher interest spreads and would also benefit from
the growth in SME lending. Banking sector earnings are expected to be robust
with interest margins of around 6% to be maintained in 2011E.
300
250
200
150
100
50
0
29-Oct
Chevron Lubricants
Manufacturing
N LKR165.00
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
1-Jul
1-Aug
1-Sep
1-Oct
CHEVRON LUBRICANTS LANKA PLC
185
180
LLUB with a renowned history in paying high dividends, during FY10 company
paid LKR1,470mn as dividends which is a payout of 98% opposed to 96%
dividend payout in FY09(LLUB paid LKR1440mn dividends in FY09). Going
forward we do not expect a drastic change in companys dividend policy. Hence,
LLUB would definitely find its way to an equity portfolio based on recurring
income in terms of mammoth dividends, but not in terms of value.
175
170
165
160
155
150
145
140
135
29-Oct
LB Finance
Banking & Finance
N LKR144.50
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
LB FINANCE PLC
350
300
LB Finance is a leading registered finance company engaged in Leasing and Hire

Purchase business. Company is operating with a total asset base of LKR 3bn and
an island wide branch net work of 34. With satisfactory liquidity levels and
capital adequacies, company is poised to take advantage in the prevailing low
interest rate regime.
.
250
200
150
100
50
0
29-Oct
Royal Ceramics
Manufacturing
N LKR138.80
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
ROYAL CERAMICS LANKA PLC
350
300
A reconstruction boom in the North and East would drum up the overall
economic growth whilst RCL would strongly benefit from the growing demand in
the Western and Southern provinces. Further, with the local tourism expected to
rebound hotel capacity building would prompt additional demand for highly
quality tiles. Further, cost rationalising process in the factories and value added
product manufacturing would strengthen company earnings.
250
200
150
100
50
0
29-Oct
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
Sri Lanka Focus
28st October 2011
Focus on Investment
Sampath Bank
Banking
N LKR204.10
Bank will continue its aggressive expansion to ensure its spread of service
through the island. As the pioneer in blending IT with banking, the company will
revamp its existing products and innovate new customer focus products. With
the expansions in construction of tourism related infrastructure and expansion
of existing industries loan book is expected to grow further.
SAMPATH BANK PLC
350
300
250
200
150
100
50
0
29-Oct
29-Nov
29-Dec
29-Jan
1-Mar
1-Apr
1-May
1-Jun
1-Jul
1-Aug
1-Sep
1-Oct
28st October 2011
Sri Lanka Focus
Stock Exchange Anouncements

As at 21st October 2011
Rights issues
Peoples Merchant
Pelwatte Sugar
:
:
04 for 05 rights issue @LKR15.00 XR: 12.10.2011

01 for 04 rights issue @LKR18.00 XR: 23.11.2011
Mandatory Offers
Amaya Leisure
Singhalanka Standard Chemicals
Infrastructure Developers PLC
:Consideration: LKR107.00
:Consideration: LKR55.00
:Consideration:LKR27.50
Share Swap
Ceylon and Foreign Trades
One (01) share for every Ninety One point Three One Five (91.315) shares held.
Sri Lanka Focus
28st October 2011
Stock Exchange Anouncements

Dividend Announcements
Company
CT Holdings PLC
Chilaw Finance
Softlogic Holdings PLC
ODEL
Chevron Lubricants Lanka PLC
Tess Agro PLC
C. W Mackie PLC
Dividend per share

Final Dividend of LKR 1.00
Final Dividend of LKR 0.50
Interim Dividend of LKR0.13
Interim Dividend of LKR0.25 per share
Second Interim Dividend of LKR3.00 per share
First and Final Dividend of LKR0.05
Interim Dividend of LKR1.00
XD Date
19.10.2011
24.10.2011
31.10.2011
01.11.2011
02.11.2011
18.10.2011
07.11.2011
Payment Date
28.10.2011
02.11.2011
09.11.2011
11.11.2011
14.11.2011
27.10.2011
17.11.2011
Sri Lanka Focus
Valuation Guide
Company
FINANCIAL SERVICES
YE SH(mn)
M.CAP.
Bn
28st October 2011
ASIA RESEARCH TEAM
Earnings
Price
FY08
FY09
FY10
EPS (LKR)
FY11E
FY12E
FY08
FY09
14
PER
FY10 FY11E FY12E FY08 FY09
FY10 FY11E FY12E
DPS
DY
ROE
BVPS
PBV
Commercial Bank
Dec
765
82.6
108.00
4,120
4,193
5,510
6,414
7,078
5.0
5.1
6.7
7.8
8.7
21.4
21.1
16.0
13.8
7.00
6%
16%
87.9
1.2
Commercial Bank
Dec
52
3.9
75.00
4,120
4,193
5,510
6,414
7,078
10.9
11.1
14.4
16.8
18.6
6.9
6.8
5.2
4.5
7.00
9%
16%
82.8
0.9
Sampath Bank
Dec
157
32.0
204.10
1,495
2,073
3,485
4,915
5,316
9.5
13.2
22.2
31.3
33.9
21.4
15.4
9.2
6.5
6.0
4.00
2.0%
20%
112.8
1.8
NDB Bank
Dec
164
21.0
128.00
2,150
2,085
4,267
4,593
5,281
13.1
12.7
26.0
28.0
32.2
9.8
10.1
4.9
4.6
4.0
8.00
6.3%
15%
93.6
1.4
LB Finance
Dec
69
10.0
144.50
206
360
500
1,020
1,613
3.0
5.2
7.2
14.7
23.3
48.6
27.8
20.0
9.8
6.2
3.50
2.4%
47%
37.7
3.8
Central Finance
Mar
105
24.1
230.00
1,211
1,127
1,046
1,500
1,781
17.5
16.3
15.1
21.7
25.7
8.3
8.9
9.6
6.7
5.6
6.0
2.6%
11%
449.6
0.5
CONGLOMERATES
Hayleys
Mar
75
27.8
371.00
453
311
1,731
725
957
6.0
4.1
23.1
9.7
12.8
61.5
89.5
16.1
38.4
29.1
2.0
0.5%
14%
164.7
2.3
John Keells Hold.
Mar
841
160.1
190.50
5,119
4,732
5,202
8,246
10,690
6.1
5.6
6.2
9.8
12.7
31.3
33.8
30.8
19.4
15.0
2.3
1.2%
9%
70.9
2.7
1955
21.1
10.80
310
518
1,578
1,803
0.0
0.2
0.3
0.8
0.9
na
68.2
40.8
13.4
11.7
na
na
12%
2.2
4.9
Expolanka
(50)
FOOD & BEVERAGE

Bairaha Farms
Mar
16
3.4
211.90
86
134
529
772
5.4
0.2
8.4
33.1
48.2
39.4 1307.7
25.3
6.4
4.4
3.0
1.4%
11%
74.8
2.8
Distilleries
Mar
300
50.1
167.00
4,101
3,387
2,136
8,146
4,824
13.7
11.3
7.1
27.2
16.1
12.2
14.8
23.5
6.2
10.4
2.5
1.5%
7%
106.8
1.6
Mar
442.78
37.6
85.0
847.39
531
630
1,774
2,091
1.9
1.2
1.4
4.0
4.7
44.4
70.9
59.8
21.2
18.0
2.0
2.4%
5%
31.0
2.7
Royal Ceramics
Mar
110.79
15.4
138.80
611
518
964
1,459
2,378
5.5
4.7
8.7
13.2
21.5
25.2
29.7
15.9
10.5
6.5
4.0
2.9%
18%
47.4
2.9
Chevron Lubricants
Dec
120.00
19.8
165.00
948
1,495
1,501
1,603
1,717
8.6
13.5
13.6
14.5
15.5
19.3
12.2
12.2
11.4
10.6
7.3%
54%
23.1
7.1
Tokyo (Voting)
Mar
202.50
9.0
44.40
572
347
291
1,093
1,270
1.9
1.1
1.0
3.6
4.2
23.6
38.9
46.3
12.3
10.6
1.65
3.7%
5%
18.7
2.4
Tokyo (NV)
Mar
101.25
3.6
35.60
572
347
291
1,093
1,270
1.9
1.1
1.0
3.6
4.2
18.9
31.2
37.1
9.9
8.5
1.65
4.6%
5%
18.7
1.9
Lanka Walltile
Mar
54.60
5.7
105.00
361
279
478
408
701
6.6
5.1
8.8
7.5
12.8
15.9
20.5
12.0
14.1
8.2
2.3
2.2%
15%
56.6
1.9
Piramal Glass
Mar
950.09
7.4
7.80
35
(61)
579
528
0.0
-0.3
-0.1
0.6
0.6
na
na
na
12.8
14.0
0.3
3.8%
-3%
2.3
3.3
Dec
843.48
12.2
14.50
1,783
1,342
724
1,004
1,056
2.1
1.6
0.9
1.2
1.3
6.9
9.1
16.9
12.2
11.6
4%
20.3
0.7
DIMO
Mar
8.88
11.6
1310.00
205
103
278
2,006
2,128
23.1
11.6
31.4
225.9
239.8
56.7
112.9
41.8
5.8
5.5
7.0
0.5%
8%
377.4
3.5
COLONIAL MOTORS PLC
Mar
9.12
4.3
475.00
40
229
842
1,232
-0.2
4.4
25.1
92.2
135.1
na
107
19
14.2
25.8
5.4%
15%
168.4
2.8
Kegalle Plantations
Mar
25.00
2.9
115.00
421
205
376
783
887
16.8
8.2
15.0
31.3
35.5
6.8
14.0
7.6
3.7
3.2
3.0
2.6%
22%
68.4
1.7
Namunukula Plantations
Mar
23.75
1.9
80.00
230
41
147
461
539
9.7
1.7
6.2
19.4
22.7
8.3
46.7
13.0
4.1
3.5
na na
16%
39.0
2.1
Laugfs GasV)
Mar
39.00
24.00
(85)
243
527
1,003
1,183
na
0.6
1.4
2.6
3.1
na
62.1
28.6
15.0
12.8
8%
18.9
2.1
Mar
335.00
52.00
13.1
Laugfs Gas(NV)
(85)
243
527
1,003
1,183
na
0.6
1.4
3.0
3.9
na
38.2
17.6
8.0
6.2
8%
122.1
0.2
TOURISM
Asian Hotels
MANUFACTURING
(261)
12.0
Land and Property

Overseas Realty
Mortor
(2)
PLANTATIONS
Power And Energy

1.2
CHEM & PHARMACEUTICALS

Chemical industries
Mar
72.90
8.6
118.00
510
408
601
935
1143
5.4
4.3
6.3
9.9
12.1
21.9
27.4
18.6
12.0
9.8
1.9
1.6%
12%
51.5
2.3
Chemical industries(NV)
Mar
21.87
1.7
80.00
510
408
601
935
1143
5.4
4.3
6.3
9.9
12.1
14.9
18.6
12.6
8.1
6.6
1.9
2.3%
12%
51.5
1.6
Haycarb
Mar
29.71
4.5
150.00
180
225
633
716
781
6.0
7.6
21.3
24.1
26.3
24.8
19.8
7.0
6.2
5.7
5.0
3.3%
10%
77.4
1.9
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
Broad Market Valuation Guide

Year
Company
End
MARKET
FINANCIAL SERVICES
Price
Shares Trailing
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Mn
ROE
(0.13) (5.40) (4.59)
17.27%
19.28%
BVPS
Banking
Net Profit
4Qtrs
152,940.37
41,563.42
Jun'11
33,830.91
8,386.42
Mar'11
37,510.54
7,512.01
Net Profits
Dec'10
40,860.37
12,154.52
Sept'10
37,700.85
9,224.20
Jun10
26,922.21
9,263.81
15
Trailing
Trailing
PBV
Mkt Cap Mn
EPS
PE
14.92
12.40
2.58
2.39
2,281,500.00
24,583.72
4,861.60
6,373.94
6,934.46
5,405.23
7,610.75
COMMERCIAL BANK [V]
COMB
108.00
0.09
(2.70)
(56.93)
765.09
19.80%
44.70
7,235.20
1,976.00
2,064.90
1,772.50
1,421.80
1,206.10
8.85
12.2
2.4
COMMERCIAL BANK [NV]
COMBX
75.00
0.67
(3.72)
(53.13)
52.36
19.80%
44.70
7,235.20
1,976.00
2,064.90
1,772.50
1,421.80
1,206.10
8.85
8.5
1.7
3,927.36
DFCC
117.00
(9.30)
(15.83)
265.10
88.28%
10.47
2,449.49
683.04
611.12
630.40
524.93
3,323.90
9.24
12.7
11.2
31,016.43
58,820.75
DFCC BANK
HNB [V]
HNB [NV]
NATIONS TRUST BANK
82,629.21
HNB
189.00
0.69
(3.18)
(10.00)
311.22
17.35%
80.58
5,430.54
1,292.53
1,221.31
1,868.80
1,047.90
1,220.00
13.98
13.5
2.3
HNB X
82.00
1.36
(11.05)
(31.24)
77.15
17.35%
80.58
5,430.54
1,292.53
1,221.31
1,868.80
1,047.90
1,220.00
13.98
5.9
1.0
6,326.55
NTB
58.00
1.23
(7.07)
(8.83)
230.61
16.98%
33.88
1,326.33
360.40
375.85
235.82
354.26
280.96
5.75
10.1
1.7
13,375.22
21,017.84
NDB
128.00
(0.39)
(6.71)
(5.54)
164.20
15.12%
97.37
2,417.52
396.68
605.34
607.28
808.22
433.40
14.72
8.7
1.3
PAN ASIA BANK
PABC
25.00
5.93
(0.40)
(1.19)
295.04
19.34%
10.81
617.07
210.03
196.02
81.84
129.17
83.20
2.09
12.0
2.3
7,376.03
SAMPATH BANK
SAMP
204.10
0.29
(6.50)
(15.28)
156.85
22.72%
119.40
4,254.78
1,134.80
980.05
1,350.60
789.33
746.07
27.13
7.5
1.7
32,013.94
11,613.33
NDB
SEYB
67.00
9.84
3.08
6.52
173.33
3.82%
49.94
645.03
(303.90)
249.04
387.23
312.66
311.80
1.91
35.1
1.3
SEYLAN BANK [NV]
SEYBX
32.10
5.96
(10.86)
3.23
164.75
3.82%
49.94
645.03
(303.90)
249.04
387.23
312.66
311.80
1.91
16.8
0.6
5,288.37
HDFC
HDFC
1600.00
(5.01)
(8.44)
6.67
6.47
10.59%
303.13
207.78
120.52
70.31
16.96
5.32
32.11
49.8
5.3
10,353.68
UBC
20.40
-1.46
-7.73
-13.62
1.42%
14.36
SEYLAN BANK [V]
UNION BANK
349.25
Finance Co.s & / Merchant Banks
27.20%
71.23
71.23
10,756.44
3,112.99
(0.01)
98.07
402.02
1,684.55
2,279.10
1,399.24
2.63
(6.07)
(13.50)
110.00
63.42%
11.43
797.50
0.64
248.30
275.72
272.85
108.75
7.25
11.3
7.2
9,020.00
800.00
(28.32)
(22.65)
2.43
23.74%
421.28
243.02
81.93
103.56
38.70
18.82
16.00
100.01
8.0
1.9
1,944.00
125.00
(7.41)
14.68
4.46
8.17%
73.52
26.82
3.76
5.61
6.64
10.80
5.40
6.01
20.8
1.7
557.81
CFIN
230.00
(4.17)
(12.71)
(83.94)
104.88
18.27%
109.22
2,092.34
618.20
532.13
472.10
469.91
276.24
19.95
11.5
2.1
24,123.17
NATION LANKA
CSF
18.40
1.10
(3.68)
(6.63)
199.93
28.95%
1.69
97.65
(23.25)
0.49
37.7
na
3,678.72
LOLC
LOLC
89.10
4.95
(10.10)
(8.90)
475.20
32.74%
31.10
4,839.06
1,725.04
600.02
718.10
1,795.89
726.19
10.18
8.7
2.9
42,340.32
LB FINANCE
LFIN
144.50
1.22
(10.38)
(15.21)
69.26
40.11%
42.84
1,190.09
351.02
391.18
227.71
220.18
181.16
17.18
8.4
3.4
10,007.66
MERCHANT BANK
MBSL
34.20
(4.47)
(6.30)
(12.53)
135.00
17.17%
21.59
500.52
48.23
126.55
164.28
161.46
103.00
3.71
9.2
1.6
4,617.00
PEOPLE'S MERCHANT
SEYLAN MERCHANT [V]
PMB
SEMB
M
D
15.80
2.20
0.63
-
(14.05)
(15.38)
(29.02)
-
37.50
826.49
23.39%
3.26%
16.10
na
141.23
17.53
135.06
(22.15)
(16.38)
18.76
25.30
3.22
(17.12)
22.00
3.77
0.01
4.2
174.0
1.0
na
592.50
1,818.27
SEYLAN MERCHANT [NV]

THE FINANCE
THE FINANCE[NV]
SEMB X
TFC
TFCX
D
M
M
0.80
43.00
13.00
(12.50)
-0.23
-2.26
(12.50)
2.38
-7.14
43.33
0.00
560.00
57.97
100.00
3.26%
93.17%
na
na
(22.15)
26.39
18.76
(2,074.13)
22.00
0.01
63.3
na
0.8
na
448.00
2,492.55
VANIK [V]
VANIK [NV]
VANI
VANI X
D
D
13.00
0.80
(3.65)
-
(3.97)
-
(25.45)
-
57.97
100.00
na
na
0.00
0.00
na
na
na
na
753.56
80.00
CRL
49.00
4.70
1.03
-1.01
37.45
12.90%
14.18
68.54
1.83
26.8
3.5
1,835.24
1.57
25.2
3.1
2,691.57
3.27
5.82
1.11
12.4
21.5
26.0
3.3
1.6
3.3
1,682.80
786.36
3,061.33
ACAP
82.00
ALLIANCE FINANCE
ALLI
ARPICO FINANCE
ARPI
CENTRAL FINANCE
ASIA CAPITAL
CAPITAL REACH
17.53
(3,225.63)
PEOPLES LEASING FINANCE
SMLL
39.50
-0.50
-18.72
-1.25
68.14
12.31%
12.74
106.89
VALLIBEL FINANCE
SINHAPUTRA
SINGER FINANCE
VFIN
SFL
SFIN
M
M
M
40.50
124.90
28.70
-0.73
0.00
0.35
-5.56
1.25
-9.40
-3.77
5.65
4.71
41.55
6.30
106.67
26.33%
7.65%
12.54%
12.43
76.05
8.82
135.95
36.64
117.92
(34.77)
(3.16)
165.57
3.22
(440.50)
45.98
51.27
36.65
36.64
60.88
(2.76)
17.70
17.70
(737.39)
22.56
70.39
48.15
(29.99)
35.63
27.70
5.77
23.45
0.87
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
16

Year
Company
End
Price
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Shares Trailing
Mn
BVPS
ROE
Net Profit
4Qtrs
#REF!
Mar'11
509.94
509.94
253.30
25.97
218.76
656.97
18.69
1,246.09
42.49
80.20
80.20
-
219.04
219.04
4,531.19
306.42
517.48
Dec'10
Net Profits
Sept'10
CDB
CDBX
SFCL
SFS
CFL
COCR
MERC
MFL
LOFC
AFSL
CIFL
AMF
CALF
NIFL
SCAP
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
70.60
61.10
20.00
66.40
24.60
28.10
1562.00
51.20
9.50
71.20
9.20
411.00
36.50
12.70
35.20
9.73
20.88
0.00
-0.91
0.82
-5.07
0.00
-0.96
-3.06
-1.66
-3.79
0.00
-1.08
-6.13
-10.65
-1.55
11.28
0.00
-13.85
-4.65
-10.79
0.00
-4.25
-11.21
-1.79
-19.62
0.00
-9.80
-15.79
-17.88
-9.81
0.00
0.00
-41.75
2.50
18.57
0.00
56.02
-8.65
-15.24
-26.59
0.00
0.00
0.00
-17.80
46.30
5.67
53.37
25.00
28.08
218.07
3.01
22.46
2800.00
37.00
83.43
5.61
33.92
100.72
27.20
46.23%
46.23%
22.72%
na
8.76%
96.40%
14.02%
2.71%
35.46%
12.12%
23.82
194.56
20.89
0.00
10.56
1.04
1558.51
30.69
1.26
9.48
AMANA TAKAFUL INS.
ATL
2.40
0.00
-11.11
9.09
1000.00
-1.06%
0.91
ASIAN ALLIANCE
AAIC
202.50
-4.88
-13.34
76.02
37.50
9.11%
34.02
116.21
CEYLINCO INSURANCE [V]
CINS
774.60
0.00
-1.00
13.83
20.00
17.33%
319.30
1,461.93
344.36
286.31
732.34
CEYLINCO INSURANCE [NV]
CINS X
359.90
-3.05
-4.28
15.28
6.41
17.33%
319.30
1,461.93
344.36
286.31
732.34
AVIVA NDB
CTCE
272.50
4.02
-3.30
-10.02
30.00
32.23%
94.05
909.37
34.20
147.62
613.44
HNB ASSURANCE
HASU
53.50
-0.93
-9.48
-13.15
50.00
17.83%
27.69
246.83
24.62
24.74
180.80
16.67
UNION ASSURANCE
JANASHAKTHI
UAL
JINS
D
D
95.50
14.70
-8.96
-0.67
-12.63
-3.90
6.11
-5.73
75.00
363.00
41.08%
28.51%
33.63
7.44
1,036.20
770.35
64.55
58.81
511.97
770.35
CITIZENS DEVELOPMENT FINANCE

CITIZENS DEVELOPMENT FINANCE
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
Insurance
Venture Capital Co.s
(9.70)
210.7
210.7
3,076.71
Jun10
65.50
65.50
630.58
Trailing
Trailing
EPS
PE
PBV
Mkt Cap Mn
9.81
9.81
4.75
na
0.92
1.00
218.55
0.83
0.45
1.15
7.2
6.2
4.2
na
26.6
28.0
7.1
61.5
21.3
62.0
3.0
0.3
1.0
na
2.3
27.0
1.0
1.7
7.6
7.5
3,268.73
346.39
1,067.36
1,660.00
690.87
6,127.89
4,695.37
1,150.06
26,600.00
2,634.40
2,400.00
61.58
11.20
(20.90)
(14.70)
na
na
2.6
(172.50)
288.71
79.30
3.10
65.3
6.0
7,593.75
19.79
55.35
14.0
2.4
15,492.00
98.93
19.80
55.35
6.5
2.1
2,308.57
114.11
(47.00)
30.31
9.0
2.9
8,175.00
24.19
4.94
10.8
1.9
2,675.00
400.87
-
na
13.82
2.12
6.9
6.9
2.8
2.0
7,162.50
5,336.10
98.93
1,692.07
105.40
218.57
458.81
909.28
192.24
CDIC
CDIC
369.80
19.25
-7.71
19.79
43.86
12.40%
115.66
628.92
30.97
106.44
221.14
270.38
104.43
14.34
25.8
3.2
16,217.58
FIRST CAPITAL
CFVF
16.70
-2.34
-7.73
-25.78
101.25
60.25%
5.94
947.55
56.94
79.92
208.80
601.90
51.05
9.36
1.8
1.1
1,690.88
LANKA VENTURES
LVEN
35.20
-2.22
-14.36
-12.22
50.00
14.14%
16.36
115.59
17.50
32.22
28.87
37.01
36.76
2.31
15.2
2.2
1,760.00
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
17

Year
Company
End
BEVERAGE FOOD AND TOBACCO
Price
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
-
Shares Trailing
Mn
ROE
31.64%
(25.55)
16.00
34.93%
Net Profit
4Qtrs
23,048.01
Trailing
PBV
Mar'11
8,335.00
Dec'10
5,506.66
Net Profits
Sept'10
4,107.10
Trailing
Jun'11
5,099.25
Jun10
3,483.03
EPS
PE
12.94
4.10
78.19
436.99
55.18
103.45
163.91
114.45
104.13
27.31
7.8
BVPS
Mkt Cap Mn
BFL
211.90
(1.46)
(13.98)
2.7
3,390.40
CARGILLS
CARG
200.00
(2.68)
(0.74)
224.00
15.61%
32.53
1,137.13
325.97
268.12
290.74
252.30
312.00
5.08
39.4
6.1
44,800.00
CEYLON BREWERY
BREW
436.00
27.86
20.99
22.57%
127.72
605.06
176.25
165.66
163.91
99.23
123.89
28.83
15.1
3.4
9,150.81
CEYLON COLD STORES
CCS
105.00
0.48
(4.72)
(71.23)
95.04
5.47%
47.21
245.26
124.29
38.07
45.43
37.47
78.57
2.58
40.7
2.2
9,979.20
CEYLON TEA SERVICES
CTEA
700.00
(5.41)
(12.50)
20.00
23.54%
320.08
1,506.87
250.58
658.60
300.80
296.88
130.00
75.34
9.3
2.2
14,000.00
BAIRAHA FARMS
CTC
390.00
(1.02)
(0.26)
6.56
187.32
191.82%
16.63
5,977.00
1,819.00
814.00
2,396.00
948.00
1,116.00
31.91
12.2
23.4
73,056.26
COCO
65.90
1.90
0.31
21.60
24.42%
49.11
280.56
18.28
49.83
55.70
156.75
32.49
11.99
5.5
1.3
1,423.44
COCOX
46.00
(0.22)
(13.40)
(6.52)
1.80
24.42%
49.11
280.56
18.28
49.83
55.70
156.75
32.50
11.99
3.8
0.9
82.80
SOY
288.50
(1.90)
(27.60)
(11.31)
2.75
29.63%
82.46
67.20
11.73
17.51
21.02
16.94
7.00
24.44
11.8
3.5
793.38
DISTILLERIES
DIST
167.00
2.52
(2.97)
(2.34)
300.00
26.17%
109.58
8,602.28
1,238.92
5,027.62
1,218.80
1,116.94
866.60
28.67
5.8
1.5
50,100.00
FERNTEA
FERN
3.50
6.00
na
na
na
na
na
na
na
na
na
21.00
HARISCHANDRA MILLS
HARI
2900.00
20.83
52.63
0.96
12.82%
12.60
13.35
26.64
10.72
68.46
42.4
5.4
2,783.42
114.30
13,064.49
CEYLON TOBACCO
COCO LANKA [V]
COCO LANKA [NV]
CONVENIENCE FOOD
0.00
533.90
65.71
13.13
KFP
114.30
(0.61)
(6.92)
114.30
15.29%
2.97
51.91
15.82
0.67
19.55
15.88
(5.45)
0.45
251.7
38.5
KOTMALE HOLDINGS
LAMB
43.10
(2.93)
(6.51)
(8.49)
31.40
13.51%
18.11
76.86
22.09
25.20
16.80
12.77
15.03
2.45
17.6
2.4
1,353.34
LION BREWERY
LION
193.30
1.74
1.58
(3.35)
80.00
20.79%
66.72
1,109.64
332.40
313.79
286.89
176.56
236.17
13.87
13.9
2.9
15,464.00
118.00
(1.17)
2.52
12.38
40.00
4.64%
48.52
90.02
57.41
55.54
(74.50)
51.57
2.25
52.4
2.4
4,719.76
0.59
(2.36)
16.33
53.73
114.96%
36.48
2,252.96
644.35
615.49
421.80
571.32
415.00
41.93
20.4
23.4
45,935.27
3.03
41.26
124.67
79.32
24.57
10.54
9.4
5.1
2,330.96
49.32
na
91.30
na
0.35
19.1
2.8
2,688.38
30.65
41.80
25.75
22.50
2.97
22.1
3.1
1,965.00
KEELLS FOOD PRODUCTS
LANKA MILK FOODS
LMF
NESTLE LANKA
NEST
THREE ACRE FARMS
TAFL
99.00
(2.74)
(3.68)
(3.68)
23.55
53.92%
19.55
248.28
RENUKA AGRI
RAL
6.70
(4.23)
6.70
6.70
401.25
14.72%
2.38
140.62
TEA SMALLHOLDERS
TSML
65.50
(6.43)
(16.98)
(24.28)
30.00
14.24%
20.84
89.02
RAIGAM WAYAMBA SALTERNS LTD
RWSL
4.30
2.38
(4.44)
2.38
282.21
9.68%
2.37
64.65
47.62
na
17.03
na
0.23
18.8
1.8
1,213.49
HVA
42.10
1.45
(22.75)
234.13
66.43
10.33%
6.75
46.33
45.89
na
na
na
0.70
60.4
6.2
2,796.65
904.96
1,332.56
850.21
476.74
HVA FOODS
855.00
CHEMICALS & PHARMACEUTICALS
(0.62) (10.09) (18.48)
20.42%
3,629.28
(9.18)
541.55
(6.19)
7.41
1.51
CHMX
120.00
0.84
(2.04)
(4.08)
15.75
3.10%
80.36
39.19
1.14
0.61
13.50
23.94
4.12
2.49
48.2
1.5
1,890.00
CIC
118.00
1.72
(9.30)
(8.53)
72.90
14.04%
95.23
974.70
203.80
169.60
382.67
218.63
184.00
10.28
11.5
1.6
8,602.20
CHEMICAL INDUSTRIES [NV]
CIC X
80.00
1.27
(4.31)
(13.33)
21.87
14.04%
44.57
974.70
203.80
169.60
382.67
218.63
184.00
10.28
7.8
3.4
HAYCARB
HAYC
150.00
(0.33)
(5.06)
6.16
29.71
17.34%
91.69
472.51
124.77
111.22
89.08
147.44
157.35
15.90
9.4
1.6
INDUSTRIAL ASPHALTS
ASPH
649.20
(1.26)
14.82
66.46
0.67
4.03%
102.53
2.76
0.61
1.34
0.26
0.54
0.45
4.13
157.0
6.3
432.73
J.L. MORISON [V]
MORI
2755.00
0.18
(20.14)
(22.39)
0.58
20.72%
2223.68
347.83
37.45
93.20
28.10
189.08
20.72
598.85
4.6
1.2
1,600.18
J.L. MORISON [NV]
MORI X
2000.00
0.03
(16.67)
(6.98)
0.17
20.72%
2223.68
347.83
37.45
93.20
28.10
189.08
20.70
1,996.17
1.0
0.9
348.50
LANKEM CEYLON
LCEY
283.00
(4.78)
(12.92)
(29.97)
24.00
31.65%
124.35
944.44
111.22
202.20
567.12
63.90
69.20
39.35
7.2
2.3
6,792.00
(92.21)
215.55
205.31
(0.77)
CHEMANEX
CHEMICAL INDUSTRIES [V]
SING
160.00
(1.10)
(33.85)
MULLERS
MULL
2.80
(6.67)
(9.68)
3.70
UNION CHEMICALS
UCAR
730.00
9.49
7.14
(1.83)
COLOMBO DOCKYARD
DOCK
241.00
LANKEM DEVELOPMENTS
LDEV
MTD WALKERS
KAPI
SINGALANKA
CONSTRUCTIONS
3.64
4,456.86
5.54
565.74%
13.41
420.25
75.85
2.1
11.9
283.00
19.99%
0.41
22.96
8.53
5.45
2.83
6.15
9.22
0.08
34.5
6.9
792.40
1.50
23.37%
162.10
56.81
16.70
12.58
15.58
11.96
11.75
37.88
19.3
4.5
1,095.00
2,223.14
150.71
437.18
859.61
775.64
275.73
2,211.53
210.49
466.80
739.25
795.00
283.00
32.31
7.5
2.1
(7.48) (10.34)
18.97%
(0.11)
5.70
(7.34)
(5.82)
68.44
28.18%
16.00
(4.79)
(13.59)
(12.15)
60.00
-161.00%
0.20
(19.57)
(1.61)
(6.89)
40.00
(1.49)
(6.59)
(23.36)
114.36
0.81%
33.77
31.18
(58.16)
(22.73)
114.67
(5.74)
126.10
(0.50)
9.91
886.53
1.88
(5.33)
(5.46)
na
na
79.0
(14.03)
(1.81)
0.27
146.7
1.2
16,493.33
960.00
4,574.29
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
18

Year
Company
End
DIVERSIFIED
Price
Shares Trailing
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Mn
ROE
(1.29) (6.34) (6.68)
15.80%
BVPS
Trailing
Net Profit
4Qtrs
25,494.77
6,436.00
Mar'11
6,864.95
Dec'10
5,569.52
Net Profits
Sept'10
6,624.30
Jun10
3,889.85
EPS
Trailing
PE
17.491
PBV
Mkt Cap Mn
2.76
AITKEN SPENCE
SPEN
127.50
0.79
(4.14)
(8.86)
406.00
12.23%
53.30
2,647.17
550.74
910.90
579.04
606.49
439.50
6.52
19.6
2.4
51,764.50
CARSON CUMBERBATCH
CARS
580.00
(0.58)
(1.66)
(3.30)
196.39
28.34%
128.20
7,136.10
3,506.32
1,747.41
906.83
975.54
1,186.90
36.34
16.0
4.5
113,904.41
CEYLON THEATRES
CTHR
173.00
(3.83)
(3.83)
(5.36)
183.10
10.36%
64.73
1,228.11
244.05
234.56
335.53
413.96
91.00
6.71
25.8
2.7
31,675.82
COLOMBO FORT LAND
CFLB
51.20
(4.28)
(10.14)
(19.94)
180.00
23.45%
24.09
1,016.81
90.32
367.41
425.89
133.20
184.00
5.65
9.1
2.1
9,216.00
FINLAYS COLOMBO
JFIN
232.50
(25.00)
(3.13)
35.00
4.80%
147.63
248.23
60.38
12.89
84.51
90.45
50.45
7.09
32.8
1.6
8,137.50
HAYLEYS
HAYL
371.00
1.06
(2.42)
3.06
75.00
5.32%
211.25
842.63
268.58
144.31
89.90
339.83
150.67
11.24
33.0
1.8
27,825.00
HHL
(9.79)
35.00
(19.91)
515.29
12.95%
17.70
1,180.61
261.97
311.08
311.40
296.17
291.48
2.29
15.3
2.0
18,035.17
JKH
190.50
(2.31)
(8.46)
0.79
840.55
14.44%
70.89
8,602.71
1,367.61
2,550.67
1,757.11
2,927.32
1,010.49
10.23
18.6
2.7
160,125.51
DUNAMIS CAPITAL
CSEC
15.50
(1.29)
(23.88)
33.04
123.00
52.47%
11.22
724.22
11.92
16.33
345.40
350.57
98.57
5.89
2.6
1.4
1,906.45
RICHARD PIERIS
RICH
9.90
(1.00)
(1.98)
(9.17)
1938.24
29.48%
2.49
1,421.02
10.84
335.34
640.60
434.25
270.49
0.73
13.5
4.0
19,188.53
SUNSHINE HOLDINGS
SUN
31.00
(3.43)
(12.92)
(23.83)
133.33
18.73%
17.91
447.17
63.28
234.05
93.32
56.53
116.30
3.35
9.2
1.7
4,133.33
SOFTLOGIC HOLDINGS
SHL
19.50
-0.52
-11.98
-23.60
779.00
1,309.77
237.08
0.81
13.3
3.0
0.55
45.8
0.7
1.3
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
EXPOLANKA HOLDINGS
EXPO
10.80
-1.82
-7.69
-24.48
1954.92
3.59
1,583.31
273.54
FREE LANKA CAPITAL HOLDINGS

VALLIBEL ONE LIMITED
FLCH
VONE
M
M
3.30
25.20
-5.71
-0.40
-13.16
-7.06
-17.50
-13.79
1368.00
1086.56
4.61
19.90
493.29
598.17
493.29
-
(7.08)
(2.28)
(1,547.62)
(148.46)
(809.51)
(621.19)
119.82
(89.88)
CEYLON LEATHER
CLPL
76.70
(0.39)
(9.76)
(14.78)
34.23
6.38%
55.57
121.44
20.41
16.58
36.79
47.66
22.80
3.55
21.6
1.4
2,625.73
HAYLEYS - MGT
MGT
34.00
2.10
1.49
(2.86)
49.18
-97.64%
32.01
(1,537.15)
(168.87)
(799.53)
(625.70)
56.95
(24.40)
na
na
1.1
1,672.03
KURUWITA TEXTILES
KURU
25.30
(2.69)
(12.76)
10.00
25.00
-23.46%
58.16
(341.10)
(59.12)
(108.30)
(48.40)
(125.28)
na
na
0.4
632.50
ODEL
ODEL
31.70
0.31
(7.51)
2.56
144.95
12.89%
11.20
209.19
32.56
76.02
63.61
37.00
1.44
22.0
2.8
4,594.92
ORIENT GARMENTS
OGL
32.20
54.92
FOOTWEAR AND TEXTILES
0.22
HOTELS AND TRAVELS
2.89
(1.84)
(6.43)
1.82
(4.29)
(3.39)
2.77%
-23.61%
na
4,743.12
505.82
3,189.87
1,183.20
1,035.71
(4.38)
1,999.19
475.72
1,386.33
678.11
617.40
251.79
296.67
803.63
456.59
325.84
188.47
4.25
20.0
2.7
37,635.90
(18.43)
43.71
35.47
54.78
(39.81)
0.63
46.6
3.5
5,381.80
na
na
na
6,331.65
(7.78)
0.19
107.1
2.3
3,608.00
2,310.00
ASIAN HOTEL & PROPERTIES
AHPL
85.00
0.58
(2.04)
(4.95)
442.78
13.72%
30.98
1,882.72
GALADARI
GHLL
29.50
2.07
(4.82)
(8.36)
182.43
7.44%
8.51
115.53
HOTEL DEVELOPERS
HDEV
140.00
7.69
(1.41)
12.00
45.23
25.46%
-105.53
HOTEL SERVICES
SERV
20.50
(5.09)
(2.38)
176.00
2.11%
9.06
33.68
RENUKA CITY HOTEL
RENU
330.00
(2.94)
(3.51)
(4.07)
7.00
22.05%
222.94
344.14
TAJ
42.50
1.18
(6.52)
(6.72)
139.64
7.43%
14.37
149.18
TRAN
77.50
5.16
(7.63)
(3.13)
200.00
14.01%
24.60
689.15
TRANS ASIA
1.45
105.14
6.27%
City Hotels
TAJ LANKA
na
27,381.30
(1,215.22)
(2.32)
(3.60)
35.74
2.87
52.70
(13.10)
177.65
28.76
15.98
121.76
35.30
49.16
6.7
1.5
22.15
52.65
46.65
27.73
18.77
1.07
39.8
3.0
5,934.59
404.90
136.53
90.89
56.84
3.45
22.5
3.2
15,500.00
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
19

Year
Company
End
Price
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Shares Trailing
Mn
ROE
BVPS
Resort Hotels
Net Profit
4Qtrs
124.29
Mar'11
Dec'10
Net Profits
Sept'10
Jun10
Trailing
Trailing
EPS
PE
PBV
Mkt Cap Mn
2,743.94
30.10
1,803.53
505.09
418.31
(256.17)
AIT. SPENCE HOTEL HOLD.
AHUN
69.00
2.99
(4.17)
(6.12)
336.29
12.24%
26.74
1,100.48
85.18
590.15
272.70
152.45
(19.00)
3.27
21.1
2.6
23,204.01
AMAYA LEISURE
CONN
107.00
2.88
(2.64)
48.03
61.90%
15.11
449.36
50.93
67.60
66.60
264.23
61.69
9.36
11.4
7.1
5,139.66
BBH
16.40
1.86
(4.09)
(4.09)
129.60
0.85%
20.98
23.01
29.00
(51.97)
25.00
20.98
4.21
0.18
92.4
0.8
2,125.44
CEYLON HOTELS CORP.
CHOT
30.00
3.09
(3.23)
28.21
171.83
1.36%
35.74
83.55
(21.29)
117.56
(8.27)
(4.45)
(12.00)
0.49
61.7
0.8
5,154.76
CONFIFI HOTEL HLDG.
PALM
215.00
2.04
0.94
0.94
7.20
-3.50%
198.47
(49.99)
(63.37)
50.48
(4.49)
(32.62)
(37.00)
na
na
1.1
1,548.00
RIVERINA HOTELS
BHR
101.20
18.32
12.90
27.16
14.18
-3.06%
124.94
(54.21)
(47.66)
34.27
(15.50)
(25.33)
(48.64)
na
na
0.8
1,435.19
BERUWALA WALK INN
BINN
192.00
14.76
11.11
5.84
0.90
14.72%
-170.32
(22.57)
(4.45)
(6.94)
(3.05)
(8.13)
(6.92)
na
na
na
172.80
EDEN HOTELS
EDEN
41.00
2.26
(0.49)
4.62
52.80
7.23%
25.89
98.81
(21.13)
81.23
20.30
18.41
(18.42)
1.87
21.9
1.6
2,164.80
HOTEL SIGIRIYA
HSIG
68.70
2.54
(3.92)
(2.97)
5.86
9.82%
32.52
18.71
4.08
3.85
5.39
5.39
0.34
3.19
21.5
2.1
402.51
HUNAS FALLS
HUNA
72.50
(4.61)
(7.05)
(5.84)
5.63
22.34%
13.87
17.43
5.08
2.17
2.82
7.36
2.18
3.10
23.4
5.2
407.81
KANDY HOTELS
KHC
224.90
4.40
(2.36)
0.67
16.50
0.99%
340.98
55.96
9.42
16.85
9.84
19.85
2.20
3.39
66.3
0.7
3,710.85
JOHN KEELLS HOTELS
KHL
14.60
(1.34)
(5.16)
(8.70)
1456.15
5.84%
7.97
677.46
7.27
521.28
206.20
(57.28)
(167.95)
0.47
31.4
1.8
21,259.74
LIGHT HOUSE HOTEL
LHL
47.50
1.06
(13.64)
(10.38)
46.00
3.03%
49.57
69.13
(2.62)
48.06
17.10
6.59
(11.27)
1.50
31.6
1.0
2,185.00
MIRAMAR
MIRA
241.10
19.30
(10.37)
(17.23)
2.75
na
0.00
(13.10)
na
(13.10)
na
na
na
663.03
MAHAWELI REACH
MRH
28.50
(2.36)
(9.38)
(3.65)
47.07
-39.52%
18.68
(347.42)
NUWARA ELIYA
NEH
1500.00
0.46
(2.82)
(10.27)
2.00
8.41%
779.19
PEGASUS
PEG
60.00
(2.60)
(8.68)
27.35
6.21%
37.29
REEFCOMBERS
REEF
60.00
1.18
(16.46)
(18.39)
47.19
0.42%
ROYAL PALMS
RPBH
69.00
6.15
(2.82)
(0.43)
50.00
SIGIRIYA VILLAGE
SIGV
100.00
5.26
4.93
STAFFORD/DOLPHIN
STAF
47.00
(6.06)
(3.93)
TANG
1.23
BROWNS BEACH HOTELS
(13.67)
(161.00)
(186.61)
13.85
(6.72)
na
na
1.5
1,341.39
131.35
0.78
49.18
24.50
56.90
12.10
65.55
22.9
1.9
3,005.81
63.31
21.67
16.05
13.24
12.35
7.21
2.31
25.9
1.6
1,641.14
30.10
6.00
(17.20)
15.72
5.67
1.81
(5.48)
0.13
471.7
2.0
2,831.52
7.46%
27.40
102.15
1.17
64.97
26.94
9.08
(3.39)
2.04
33.8
2.5
3,450.00
9.00
7.15%
54.91
35.34
(3.83)
21.50
6.08
11.59
(6.72)
3.93
25.5
1.8
900.00
12.05
31.62
5.34%
22.19
37.50
11.54
43.90
(6.71)
(11.23)
(5.29)
1.19
39.6
2.1
1,486.21
82.00
(16.75)
(8.28)
20.00
4.42%
93.95
83.00
4.70
69.46
11.55
(2.72)
(12.48)
4.15
19.8
0.9
1,640.00
SHOT
31.40
6.44
31.93
75.51
5.83%
12.66
82.41
(5.52)
75.28
15.80
(3.15)
28.26
0.74
42.5
2.5
2,371.16
SHOT X
20.00
0.50
(7.37)
20.00
36.01
5.83%
12.66
82.41
(5.52)
75.28
15.80
(3.15)
28.30
0.74
27.1
1.6
720.22
MARAWILA RESORTS
MARA
10.30
(1.90)
(8.04)
0.98
122.50
1.33%
7.31
11.86
(13.31)
na
0.10
106.4
1.4
1,261.75
FORTRESS RESORTS
RHTL
23.60
4.42
110.89
13.41%
5.67
na
0.76
31.0
4.2
2,616.93
TANGERINE
SERENDIB HOTELS [V]
SERENDIB HOTELS [NV]
INVESTMENT TRUST
(1.67)
(14.18)
(2.43)
(9.54)
(9.16)
26.82%
25.18
84.40
6,360.23
108.69
2,550.84
955.83
(24.29)
364.45
ASIAN COTTON MILLS
ASCO
152.00
(5.81)
17.15
29.18
7.99
2.17%
73.36
12.70
46.60
(18.30)
CEYLON GUARDIAN
GUAR
290.00
(1.53)
(6.48)
(6.30)
82.10
33.23%
138.76
3,785.80
1,714.33
492.51
184.62
CEYLON INVESTMENT
CINV
113.60
(0.96)
(5.41)
(9.27)
98.51
24.30%
65.33
1,564.18
699.66
97.30
COLOMBO FORT INV.
CFI
305.00
1.67
(3.17)
2.52
5.00
7.70%
33.82
13.03
1.54
2.85
4.50
COLOMBO INV. TRUST
CIT
300.00
(5.93)
(6.25)
2.95
5.50
7.15%
22.85
8.99
1.47
1.54
3.60
SHAW
310.00
(3.13)
(6.34)
12.32
5.12
0.70%
437.86
15.76
35.28
1.18
RENUKA HOLDINGS [V]
RHL
57.00
(1.76)
(10.72)
5.08
44.52
40.31%
37.99
780.04
100.97
323.15
RENUKA HOLDINGS [NV]
RHL
36.50
10.61
(8.75)
3.40
6.43
40.31%
37.99
780.04
100.97
323.15
WAPO
137.50
(3.97)
(9.63)
(29.32)
25.83
21.76%
31.97
179.73
BIMPUTH LANKA INVESTMENTS
BLI
4.40
(2.22)
(10.20)
(12.00)
1860.00
BROWNS INVESTMENTS PLC
BIL
52.00
(4.94)
(13.48)
(35.00)
20.20
SHAW WALLACE
WATAPOTA INVESTMENTS
(2.34)
(0.07)
(9.31)
2,489.12
1,028.68
7.44
1.99
5.00
1.59
95.6
2.1
1,213.80
1,394.34
586.00
46.11
6.3
2.1
23,808.05
767.22
317.82
15.88
7.2
1.7
11,191.29
4.14
9.91
2.61
117.1
9.0
1,525.00
2.38
8.40
1.63
183.5
13.1
1,650.00
(20.70)
(17.45)
3.08
100.7
0.7
1,587.37
1.30
354.62
119.00
15.31
3.7
1.3
2,537.49
1.30
354.62
119.00
15.31
2.4
0.1
234.64
188.73
0.38
na
6.96
19.8
4.3
3,552.15
(13.26)
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
20

Year
Company
End
LAND AND PROPERTY
Price
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
1.80
(8.14) 15.98
Shares Trailing
BVPS
Mn
ROE
5.80%
5.92%
45.35
Net Profit
4Qtrs
2,125.81
PBV
Mar'11
796.72
Dec'10
753.24
Net Profits
Sept'10
239.97
Trailing
June'12
341.47
Jun10
181.83
Trailing
EPS
PE
21.03
1.22
130.98
32.74
52.27
22.84
23.13
20.79
2.69
10.4
Mkt Cap Mn
CTLD
28.00
(4.44)
(6.67)
(0.71)
48.75
0.6
1,365.00
CARGO BOAT
CABO
112.00
(3.36)
(8.87)
(10.90)
10.20
23.01%
66.61
156.36
8.58
16.89
115.26
15.63
15.33
7.3
1.7
1,142.40
CEYLINCO HOUSING
CHOU
22.00
8.96
(6.81)
25.14
13.38
-188.39%
5.63
(141.88)
(17.40)
(26.76)
(55.50)
(42.22)
(38.34)
na
na
3.9
294.36
CSD
12.60
(3.08)
(8.70)
11.50
147.96
0.57%
29.65
24.96
54.95
0.45
13.09
(43.52)
(25.33)
0.17
74.7
0.4
1,864.36
COLOMBO LAND
CLND
56.50
(2.77)
(14.72)
55.25
199.88
0.42%
13.98
11.68
5.93
0.96
2.40
2.40
0.06
966.9
4.0
11,293.28
COMMERCIAL DEVELOP.
COMD
114.50
1.20
(0.27)
15.47
12.00
11.38%
60.38
82.46
21.19
13.64
37.69
9.94
11.00
6.87
16.7
1.9
1,374.00
EAST WEST
EAST
28.80
(0.35)
(9.27)
132.79
138.24
4.28%
3.19
18.86
17.28
4.37
23.70
(26.49)
0.14
211.1
9.0
3,981.31
EQUITY ONE
EQIT
45.50
(2.99)
(12.50)
(7.33)
40.32
3.67%
36.19
53.58
4.17
30.60
27.93
(9.11)
(7.66)
1.33
34.2
1.3
1,834.64
EQUITY TWO
ETWO
27.10
(4.91)
(9.67)
(9.67)
31.00
6.04%
16.47
30.84
2.45
10.91
15.51
1.96
1.10
0.99
27.2
1.6
840.10
HUEJAY
HUEJ
142.10
14.82
1.99
(3.15)
1.80
-19.42%
7.51
(2.63)
(1.41)
(1.21)
na
na
na
na
18.9
255.78
KDL
26.00
4.40
(5.43)
34.54
17.43
-10.70%
7.29
(13.59)
(3.96)
(6.66)
(4.70)
1.73
0.92
na
na
3.6
453.16
ON'ALLY HOLDINGS
ONAL
65.00
(7.01)
(9.09)
(39.81)
17.50
8.63%
58.74
88.71
13.77
56.24
9.04
9.67
10.05
5.07
12.8
1.1
1,137.55
OVERSEAS REALTY
OSEA
14.50
9.85
0.69
2.11
843.48
5.09%
20.37
874.99
162.57
124.72
499.95
87.74
160.00
1.04
14.0
0.7
12,230.52
PDL
56.50
(0.70)
(11.56)
5.60
66.00
14.76%
28.46
277.28
71.00
74.91
76.18
55.20
54.90
4.20
13.4
2.0
3,729.00
SERENDIB LAND
SLND
1500.00
(49.98)
(49.98)
0.36
3.05%
567.86
6.24
1.47
1.68
1.49
1.60
17.34
86.5
2.6
540.00
YORK ARCADE
YORK
28.00
3.32
(2.44)
(11.67)
12.00
13.30%
8.70
13.88
7.75
2.28
2.59
1.26
1.16
24.2
3.2
336.00
TOUCHWOOD
TWOD
21.80
(0.91)
(3.96)
(2.24)
71.27
18.04%
39.92
513.07
426.80
86.26
na
na
7.20
3.0
0.5
1,553.69
C T LAND
CEYLINCO SEYLAN
KELSEY DEVELOPMENTS
PROPERTY DEVELOPMENT
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
21

Year
Company
End
MANUFACTURING
Price
Shares Trailing
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Mn
ROE
(0.72) (5.39) (3.54)
17.14%
ABAN
210.50
ACL
75.00
ACL PLASTICS
APLA
143.00
ACME
ACME
23.00
2.68
(7.26)
ALUFAB
ALUF
40.20
(4.73)
(40.03)
(72.09)
BLUE DIAMONDS [V]
BLUE
8.80
(1.12)
BLUE X
3.90
(4.88)
BOGA
42.70
CENTRAL INDUSTRIES
CIND
GRAIN ELEVATORS
GRAN
CHEVRON LUBRICANTS
LLUB
165.00
3.75
DANKOTUWA
DPL
27.50
(6.76)
DIPPED PRODUCTS
DIPD
113.00
(1.91)
HAYLEYS EXPORTS
HEXP
38.10
KELANI CABLES
KCAB
KELANI TYRES
TYRE
LANKA ALUMINIUM
LALU
LANKA CEMENT
LANKA CERAMIC
ABANS
ACL CABLES
BLUE DIAMONDS [NV]

BOGALA GRAPHITE
BVPS
Trailing
Trailing
Net Profit
4Qtrs
8,256.43
June'12
2,173.41
Mar'11
1,255.58
Dec'10
2,176.80
Net Profits
Sept'10
2,639.96
Jun10
1,145.30
EPS
PE
14.23
PBV
2.44
Mkt Cap Mn
117,505.65
(5.34)
(15.61)
(14.13)
4.26
28.85%
91.80
112.78
31.11
17.37
28.00
36.30
25.54
26.48
7.9
2.3
896.48
1.49
(4.58)
59.89
5.69%
77.01
262.21
85.90
(8.60)
118.16
66.74
37.21
4.38
17.1
1.0
4,492.03
(1.99)
4.21
14.32%
117.83
71.07
14.15
9.92
14.27
32.73
18.55
16.87
8.5
1.2
602.39
28.49
25.61
1.64%
16.64
6.99
(0.99)
5.74
4.63
(2.39)
(8.85)
0.27
84.2
1.4
589.11
12.06
-3.16%
-4.01
1.53
0.47
(0.48)
1.19
0.34
0.14
0.13
317.8
na
484.74
17.33
103.30
1.79%
1.25
5.76
22.33
(11.77)
1.74
(6.54)
(3.52)
0.02
391.8
7.0
909.05
(2.50)
105.26
153.37
1.79%
1.25
5.77
22.33
(11.77)
1.74
(6.54)
(3.52)
0.02
173.6
3.1
(2.95)
(12.86)
(16.76)
47.32
12.51%
3.35
19.85
3.49
2.42
21.45
(7.51)
30.17
0.42
101.8
12.7
83.00
(6.64)
(3.49)
(2.35)
9.88
9.72%
1.34
79.05
18.51
24.01
23.26
13.27
13.49
8.00
10.4
1.0
820.39
100.10
(1.57)
(7.89)
(4.56)
60.00
23.68%
37.27
529.65
84.84
94.33
205.49
144.99
96.00
8.83
11.3
2.7
6,006.00
3.75
7.30
120.00
55.84%
23.11
1,548.52
422.63
413.10
317.68
395.11
413.49
12.90
12.8
7.1
19,800.00
(21.14)
(26.79)
72.25
-2.53%
10.46
(19.14)
(32.52)
(16.29)
18.62
11.06
(15.57)
na
na
2.6
1,986.76
(7.15)
17.59
59.86
19.75%
65.97
779.82
390.37
122.97
171.20
95.28
57.16
13.03
8.7
1.7
6,764.35
0.26
(10.77)
(3.79)
8.00
-10.35%
41.84
(34.65)
(7.51)
(26.63)
(2.60)
2.08
(22.33)
na
na
0.9
304.80
82.70
(6.24)
(8.11)
(8.11)
21.80
10.24%
77.02
171.90
48.78
53.33
47.39
22.40
5.67
7.89
10.5
1.1
1,802.86
41.50
(3.71)
(6.74)
(2.35)
80.40
17.41%
15.45
216.19
18.91
54.16
74.94
68.18
65.67
2.69
15.4
2.7
3,336.60
42.10
(0.24)
(18.57)
(21.16)
13.70
4.56%
30.74
19.19
(5.43)
2.98
9.07
12.57
(5.82)
1.40
30.1
1.4
LCEM
20.00
(4.31)
(18.03)
1.01
173.51
-15.00%
0.42
(10.96)
(3.73)
(2.35)
(1.44)
(3.44)
na
na
47.5
3,470.21
8.01
(3.70)
na
598.14
2,020.41
576.89
CERA
92.10
0.88
(5.54)
(10.76)
30.00
16.18%
75.84
368.08
34.90
103.93
136.05
93.20
(73.79)
12.27
7.5
1.2
2,763.00
LANKA TILES
TILE
95.10
0.11
0.11
(10.54)
53.05
20.67%
43.03
471.77
69.33
149.73
148.58
104.13
103.56
8.89
10.7
2.2
5,045.09
LANKA WALLTILES
LWL
105.00
(1.87)
(5.15)
(4.98)
54.60
17.02%
63.74
592.48
53.97
161.11
226.80
150.60
(130.64)
10.85
9.7
1.6
5,733.00
LAXAPANA
LITE
13.00
12.07
19.27
39.00
1.29%
6.69
3.37
(3.38)
5.46
0.57
0.72
2.04
0.09
150.4
1.9
507.00
PARQUET
PARQ
23.00
9.52
(3.36)
(11.54)
27.37
-2.99%
20.22
(16.57)
(22.32)
3.64
17.32
(15.20)
0.87
na
na
1.1
629.56
PELWATTE SUGAR
SUGA
28.90
(0.34)
(16.95)
(10.53)
67.98
-62.15%
9.34
(394.42)
83.66
(723.45)
(168.72)
414.09
(197.69)
na
na
3.1
1,964.53
PIRAMAL GLASS
GLAS
7.80
(2.50)
(3.70)
(4.88)
950.09
22.72%
3.09
666.86
141.29
178.47
190.10
157.00
53.18
0.70
11.1
2.5
7,410.67
PRINT CARE
CARE
37.20
(1.06)
(10.77)
(1.06)
85.97
20.30%
11.83
206.43
38.13
47.03
60.58
60.70
38.28
2.40
15.5
3.1
3,197.96
REGNIS
REG
449.90
(7.54)
12.42
168.63
4.83
16.08%
104.47
81.13
18.01
27.44
21.81
13.87
15.71
16.80
26.8
4.3
2,172.60
RICH PIERIS EXPORTS
REXP
28.50
3.64
(3.72)
(24.60)
11.16
55.77%
-10.73
(66.79)
(11.03)
(69.15)
(1.18)
14.58
(16.75)
na
na
na
318.17
RCL
138.80
1.34
2.25
(7.48)
110.79
28.12%
47.12
391.48
439.69
412.89
224.05
382.45
13.25
10.5
2.9
15,377.57
SAMSON INTERNATIONAL
SIL
159.60
11.14
11.14
68.22
3.85
-12.40%
88.60
(42.27)
1.27
(13.43)
(12.53)
(17.58)
(6.36)
na
na
1.8
614.14
SINGER INDUSTRIES
SINI
250.00
(2.84)
(8.19)
3.95
3.85
20.11%
222.01
171.76
23.85
27.59
(31.31)
151.63
0.88
44.65
5.6
1.1
961.58
TKYO
44.40
(1.33)
(11.20)
(12.94)
202.50
14.22%
19.21
829.26
214.08
128.20
192.69
294.30
240.55
2.73
16.3
2.3
8,991.00
TKYO X
35.60
1.14
(6.60)
(9.92)
101.25
14.22%
19.21
829.26
214.08
128.20
192.69
294.30
240.55
2.73
13.0
1.2
3,604.50
SIRA
4.20
(4.55)
(8.70)
537.51
3.62%
2.50
48.61
48.87
55.10
(69.88)
14.52
15.32
0.09
46.4
1.7
2,257.55
TJL
11.3
(5.00)
(14.93)
655.00
ROYAL CERAMICS
TOKYO CEMENT [V]

TOKYO CEMENT [NV]
SIERRA CABLES
TEXTURED JERSEY
1,468.11
143.97
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM
22

Year
Company
End
Price
Shares Trailing
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Mn
ROE
2.93
(3.71) (14.79)
39.87%
BVPS
Net Profit
4Qtrs
5,105.13
Net Profits
Sept'10
715.40
Trailing
Trailing
Dec'10
1,741.60
Jun10
415.34
EPS
PE
7.88
PBV
Mkt Cap Mn
1,528.35
Mar'11
1,119.78
AUTODROME
AUTO
896.60
0.18
14.06
12.08
1.20
9.12%
448.08
49.03
10.27
12.00
15.40
11.37
10.00
40.86
21.9
2.0
COLONIAL MOTORS
COLO
475.00
(1.50)
(0.46)
66.13
9.12
20.48%
168.39
314.64
143.01
112.89
46.20
12.54
25.38
34.48
13.8
2.8
4,334.05
DIMO
DIMO
1310.00
6.30
(2.36)
0.90
8.88
55.66%
522.31
2,580.31
636.40
664.37
973.90
305.64
151.20
290.69
4.5
2.5
11,628.13
LANKA ASHOK
ASHO
3000.00
(9.09)
(49.31)
3.62
53.99%
390.25
762.90
279.00
(66.90)
321.60
229.20
157.03
210.70
14.2
7.7
10,862.53
SATHOSA MOTORS
SMOT
270.00
(3.37)
(23.11)
12.46
6.03
29.33%
83.90
148.48
49.22
53.38
22.60
23.27
11.03
24.61
11.0
3.2
1,629.08
UML
158.90
5.67
1.87
15.97
67.27
29.93%
62.08
1,249.77
410.45
344.04
361.90
133.38
60.69
18.58
8.6
2.6
10,688.74
(3.41)
(2.15)
BUKIT DARAH
BUKI
1030.00
0.39
(3.84)
(1.48)
GOOD HOPE
GOOD
1180.10
(0.43)
(0.17)
INDO MALAY
INDO
1390.00
SELINSING
SELI
1100.00
SHALIMAR
SHAL
885.00
MOTORS
UNITED MOTORS
OIL PALMS
(0.01)
PLANTATIONS
1,075.92
7,278.64
3,110.83
1,055.89
641.52
2,470.41
1,614.30
18.8
6.9
102.00
47.40%
138.84
6,712.64
2,943.95
900.51
506.83
2,361.36
1,363.50
65.81
15.7
7.4
105,060.00
0.01
6.87
8.31%
220.00
125.67
33.40
34.46
31.63
26.18
67.96
18.29
64.5
5.4
8,108.83
(0.36)
7.00
7.93%
184.79
102.51
26.20
28.15
25.40
22.76
55.30
14.65
94.9
7.5
9,727.78
(0.05)
(2.23)
(15.38)
6.94
9.36%
313.37
203.46
68.41
54.32
45.22
35.51
70.01
29.32
37.5
3.5
7,634.09
(5.84)
(6.83)
0.01
6.94
8.23%
235.13
134.36
38.87
38.46
32.43
24.60
57.53
19.36
45.7
3.8
6,141.97
3,981.17
(629.58)
2,381.06
1,566.98
662.72
910.53
1.92
36.79%
3.14
(10.41) (23.76)
19.94%
7.5
1.49
AGALAWATTE
AGAL
53.00
20.45
1.73
(12.83)
25.00
29.82%
31.39
234.03
(22.36)
121.4
76.05
58.90
(15.43)
9.36
5.7
1.7
BALANGODA
BALA
32.50
(0.91)
(10.41)
(29.53)
23.64
17.12%
61.72
249.77
84.16
132.3
34.56
(1.25)
84.00
10.57
3.1
0.5
768.18
BOGAWANTALAWA
BOPL
14.70
(2.58)
(9.04)
(12.72)
83.75
-1.23%
11.39
(11.78)
(44.18)
62.9
69.15
(99.64)
28.59
na
na
1.3
1,231.13
HAPUGASTENNE
HAPU
59.10
9.24
(4.68)
(17.92)
46.32
6.50%
31.02
93.33
(35.60)
53.7
0.12
75.11
117.73
2.02
29.3
1.9
2,737.26
HORANA
HOPL
39.50
6.47
(1.00)
(38.66)
25.00
31.13%
41.91
326.17
(13.30)
154.9
135.31
49.22
(13.72)
13.05
3.0
0.9
987.50
KAHAWATTE
KAHA
26.20
(4.03)
(11.19)
(24.28)
79.89
20.75%
13.05
216.34
(115.74)
141.4
68.57
122.07
49.50
2.71
9.7
2.0
2,093.11
KEGALLE
KGAL
115.00
(20.55)
(32.43)
25.00
30.20%
98.51
743.81
31.37
270.1
227.41
214.90
125.31
29.75
3.9
1.2
2,875.00
KELANI VALLEY
KVAL
92.60
(6.46)
(15.66)
(32.90)
34.00
20.95%
55.90
398.23
(49.26)
246.2
165.19
36.07
7.39
11.71
7.9
1.7
3,148.40
KOTAGALA
KOTA
92.50
14.91
(0.54)
(25.22)
32.00
28.79%
69.34
638.89
26.37
175.5
238.61
198.38
55.77
19.97
4.6
1.3
2,960.00
MADULSIMA
MADU
15.40
(3.73)
(18.85)
(34.32)
29.00
-13.37%
57.63
(223.47)
(116.86)
37.5
(50.08)
(94.01)
14.59
na
na
0.3
446.60
MAL
6.20
(1.61)
(7.58)
(6.15)
224.59
22.70%
9.12
464.96
92.61
198.6
101.13
72.58
175.99
2.07
3.0
0.7
1,392.46
MASKELIYA
MASK
25.00
4.09
(6.53)
(4.58)
26.98
-41.67%
25.61
(287.88)
(317.75)
30.9
57.27
(58.34)
12.07
na
na
1.0
674.42
NAMUNUKULA
NAMU
80.00
(6.13)
(14.76)
(27.86)
23.75
25.26%
54.56
327.24
1.26
100.7
116.76
108.56
83.35
13.78
5.8
1.5
1,900.00
693.50
MALWATTE VALLEY
1,325.00
TPL
29.20
(0.68)
(9.03)
(21.93)
23.75
8.24%
46.62
91.20
(75.79)
71.8
101.93
(6.76)
(2.80)
3.84
7.6
0.6
UDAPUSSELLAWA
UDPL
38.90
(6.71)
(7.38)
9.58
19.40
1.36%
21.22
5.58
(33.79)
(9.2)
36.28
12.24
41.99
0.29
135.2
1.8
754.62
WATAWALA PLANTATIONS
WATA
15.10
2.03
(13.71)
(24.88)
236.67
17.69%
10.88
455.54
(40.73)
188.73
10.72
146.20
1.92
7.8
1.4
3,573.67
ELPITIYA
ELPL
22.00
4.76
(10.93)
(17.29)
72.87
18.44%
18.71
251.44
251.4
na
na
3.45
6.4
1.2
1,603.06
MET.RES.HOL
MPRH
29.40
11.02
(3.55)
4.62
17.26
1.14%
39.52
7.77
43.8
na
0.45
65.3
0.7
507.59
(4.29)
10.13
TALAWAKELLE
HEALTH SERVICES
(1.52)
ASIRI CENTRAL
ASHA
205.00
ASIRI SURGICAL
AMSL
7.90
ASIRI HOSPITAL
ASIR
9.00
CEYLON HOSPITALS [V]
CHL
85.10
CEYLON HOSPITALS [NV]
CHL X
67.00
LANKA HOSPITALS
LHCL
49.00
NAWALOKA
NHL
3.90
5.73%
958.19
308.85
296.8
182.66
(36.02)
295.63
0.49
9.80
17.14
22.33
-9.82%
45.0
(176.52)
(1.25)
(5.95)
3.95
528.46
13.08%
3.8
291.69
89.7
(8.16)
7.14
889.26
8.52%
2.9
238.85
73.8
(10.33)
(1.85)
(10.33)
25.53
4.39%
72.7
89.42
38.5
(0.15)
(6.56)
(16.38)
8.35
1.89%
72.7
38.50
38.5
(3.836)
40.637
(2.40)
(8.26)
22.56
223.73
10.54%
9.8
301.63
66.2
65.2
106.0
2.56
1409.51
5.87%
2.0
174.62
2.2
23.7
60.9
171.04
1,160.44
37.5
2.15
na
na
2.5
4,578.46
51.4
60.65
85.29
0.55
14.3
1.9
4,174.81
64.3
77.3
23.38
24.59
0.27
33.5
2.9
8,003.37
(3.836)
40.637
50.92
40.30
2.64
32.2
1.4
2,172.37
40.30
2.64
25.4
0.9
559.15
64.30
67.96
1.35
36.3
3.8
10,962.88
87.83
902.00
0.12
31.5
1.8
5,497.07
-60.5
90.0
(116.04)
na
28st October 2011
Sri Lanka Focus
ASIA RESEARCH TEAM

Year
Company
End
Price
Shares Trailing
Price Performance
(LKR) 1W(%) 1M(%) 1Q(%)
Mn
ROE
(0.96) (7.11) (0.11)
31.36%
BVPS
Net Profit
4Qtrs
761.90
Trailing
Trailing
PBV
23
Mkt Cap Mn
Dec'10
112.09
Net Profits
Sept'10
118.18
Jun10
71.57
EPS
PE
9.73
83.93
107.29
70.74
13.17
6.1
2.8
4,864.00
25.97
Mar'11
502.72
JOHN KEELLS LIMITED
JKL
80.00
0.13
(9.60)
(8.36)
60.80
45.33%
29.06
800.77
66.67
542.88
LAKE HOUSE PRINTING
LPRT
156.80
3.57
(12.79)
14.04
2.94
1.87%
43.20
2.38
2.00
(1.48)
0.56
1.29
(1.09)
0.81
193.8
3.6
460.56
MERC. SHIPPINGS
MSL
310.00
(9.49)
8.13
5.08
2.84
-17.24%
106.16
(52.07)
(10.40)
(38.68)
4.42
(7.41)
(1.42)
na
na
2.9
881.95
CEYLON PRINTERS
CPRT
100.00
0.04
-242.06%
376.66
(31.92)
(32.30)
KALAMAZOO
KZOO
2200.00
10.00
(31.25)
(28.80)
0.05
5.80%
878.80
2.55
PARAGON
PARA
1899.00
2.65
0.10
CEYLON TEA BROKERS
CTBL
7.90
(1.23)
70.21
114.00
1.55
39.80
SERVICES
STORES AND SUPPLIES
2.69
(16.85)
(2.69)
na
22.55%
0.38
na
0.40
na
na
0.3
3.50
0. 79
na
2.55
51.00
43.1
2.5
110.00
0.39
3.90
487.1
na
189.95
na
22.79
17.01
na
0.35
22.6
5.1
900.60
130.27
333.07
53.99
90.16
0.39
12.30%
606.01
88.69
3.05
18.40
2.26
COLOMBO PHARMACY
PHAR
1340.00
(1.72)
(22.34)
(23.53)
1.27
2.44%
622.10
19.35
3.29
4.69
3.37
8.00
5.16
15.20
88.1
2.2
1,705.63
E B CREASY
EBCR
2000.00
(23.05)
17.68
2.54
25.89%
733.48
481.57
64.60
123.41
293.56
220..22
82.12
189.93
10.5
2.7
5,070.92
GESTETNER
GEST
360.60
20.20
1.58
37.63
2.28
43.89%
22.91
22.91
5.85
1.13
5.34
10.59
(3.35)
10.06
35.9
15.7
HUNTERS
HUNT
690.00
5.44
(6.88)
(17.85)
5.15
3.69%
432.42
82.19
14.96
1.03
30.80
35.40
6.23
15.97
43.2
1.6
0.15
(8.46)
3,681.08
500.84
(231.33)
2,313.10
1,095.31
451.28
BROWNS
BRWN
252.00
3.97
(9.85)
(11.74)
70.88
12.88%
215.68
1,968.09
86.69
(459.96)
1,572.96
768.40
182.18
27.77
9.1
1.2
17,860.50
C W MACKIE
CWM
91.10
(3.90)
(9.80)
6.80
35.99
19.39%
38.90
271.45
102.19
121.84
0.42
47.00
43.66
7.54
12.1
2.3
3,278.56
CEYLON FOREIGN TRADES

EASTERN MERCHANTS
CFT
EMER
M
M
9.90
20.60
(2.97)
(8.41)
6.52
(26.33)
10.11
(97.67)
140.20
117.45
5.85%
2.71%
4.31
7.94
35.38
25.30
6.60
29.29
17.61
(12.87)
7.29
8.88
3.89
na
0.45
16.00
0.25
0.22
39.2
95.6
2.3
2.6
1,387.94
2,419.39
ENVIRONMENTAL RESOURCES
RADIANT GEMS
TRADING
0.57
12.12%
15.65
821.49
3,550.05
1.90
GREG
RGEM
M
M
51.40
156.90
(4.14)
(5.96)
(18.27)
(26.72)
(15.00)
67.76
315.48
2.40
6.53%
-1.09%
23.32
13.90
480.56
(0.36)
(16.77)
(149.83)
2.30
486.70
(2.19)
160.45
(1.04)
43.82
0.57
1.52
na
33.7
na
2.2
11.3
16,215.78
376.56
SINGER SRI LANKA
SINS
121.60
(0.90)
(2.56)
5.37
125.21
19.62%
35.43
870.50
292.84
249.58
225.55
102.53
162.00
6.95
17.5
3.4
15,225.49
OFFICE EQUIPMENT
OFEQ
120.40
0.08
9.15%
264.29
2.02
na
2.60
24.19
5.0
0.5
10.04
TESS AGRO
TESS
4.60
(6.12)
(19.30)
84.00
180.00
9.35%
1.67
28.15
0.16
29.4
2.8
828.00
(0.19)
(3.86)
(1.61)
1,929.14
HPWR
30.90
(2.28)
(9.91)
(5.06)
125.20
15.80%
21.78
430.67
LANKA IOC
LIOC
18.00
6.51
2.86
5.88
532.53
10.42%
17.23
VIDULLANKA
VLL
8.10
(3.61)
(11.11)
8.11
432.88
16.53%
VPEL
8.40
(5.62)
(9.68)
747.11
21.03%
LGL
39.00
(2.00)
(2.24)
(2.00)
335.00
9.12%
579.02
LAUGFS GAS (X)
LGL
24.00
(4.02)
(9.13)
(15.25)
52.00
9.12%
579.02
HYDRO POWER
HPFL
12.50
(5.34)
(9.49)
(10.14)
109.09
7.38%
62.93
17.60
PANASIAN POWER
PAP
4.30
(4.44)
(8.51)
(6.52)
500.00
14.50%
108.33
60.13
48.20
(4.53)
(7.81)
(2.68)
E-CHANNELLING
ECL
8.40
(2.35)
12.16
36.07
PC HOUSE
PCH
14.70
(5.16)
(12.50)
(10.37) 228.9333
(1.39)
DIALOG TELEKOM
DIAL
8.10
SRI LANKA TELECOM
SLTL
49.90
POWER & ENERGY

HEMAS POWER
VALLIBEL POWER
LAUGFS GAS
INFORMATION TECHNOLOGY
TELECOMMUNICATIONS
na
14.07
14.08
na
183.04
35.96
900.10
810.04
139.08
86.85
112.12
107.40
124.31
80.01
3.44
9.0
1.4
3,868.68
956.38
(36.25)
(111.30)
602.36
501.57
(116.00)
1.80
10.0
1.0
9,585.54
2.15
153.93
38.31
(9.42)
69.40
55.63
56.87
0.36
22.8
3.8
3,506.31
2.47
388.15
94.12
44.56
120.94
128.53
118.20
0.52
16.2
3.4
6,275.72
251.48
327.54
251.48
327.54
22.14
23.19
2.20
13.14%
2.80%
122.13
2.80%
(0.58)
2.20
0.64
12.76%
2.20
146.00
57.69
38.31
50.00
12.04
466.32
2.20
na
0.02
1.58
5.94
466.3
13.1
1,025.90
(0.47)
(3.44)
10,517.17
2,526.19
2,453.78
2,817.30
2,719.90
2,143.10
14.84
1.89
(4.76)
(3.61)
8143.78
17.66%
3.83
5,511.17
1,384.19
1,158.78
1,275.30
1,692.90
1,374.10
0.68
12.0
2.1
65,964.61
(2.36)
2.90
(3.31)
1804.86
9.77%
28.39
5,006.00
1,142.00
1,295.00
1,542.00
1,027.00
769.00
2.77
18.0
1.8
90,062.51
Research
Senior Analyst
Amali Perera
(94-11)5320256
amali@asiacapital.lk
Corporates
Economy
Minoli Mallwaarachchi
Nirmala Samarawickrama
Dilan Wijekoon
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Shan Silva
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(94-11)5320253
(94-11)5320253
(94-11)5320251
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Travis Gomez
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Hiran Bibile
Arshwin Amarasekara
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CSE Floor
CSE,01-04, World Trade Centre, Colombo 1.
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Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda
Kurunegala
Union Assurance Building, No.6,1st Floor, Rajapilla Rd, Kurunagala.
Matara
Galle
E.H.Cooray Building, Mezzanine Floor, No:24, Anagarika Darmapala Mw,

Matara
Peoples Leasing Building, 2nd Floor, No.118,Matara Road, Galle
Negombo
Negombo
Asia Asset Finance, 171/1, Station Road, Negombo.

Asia Asset Finance, 171/1, Station Road, Negombo.
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ushan@asiacapital.lk
uthpala@asiacapital.lk
uthpala@asiacapital.lk
gayan@asiacapital.lk
Service Centers
Kandy
k3-L1,Level 01,kcc, No 5 ,Dalda Veediya, Kandy.
Hambantota
Hambanthota Chamber of Commerce, Thangalle Road, Hambantota.
Ampara
2nd Floor, T.K.S. Building, D.S. Senanayake Street, Ampara.
Jaffna
11-8, First Floor, Stanley Road, Jaffna
Wennappuwa
Asia Asset Finance, No.176, Negombo Road, Katuneriya.
Moratuwa
Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa.
Panadura
Asian Alliance Building, 293, Galle Road, Panadura
0773-691816
0777-810694
0715-536309
0772-351716
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Focus

28th October 2011

Sri Lanka Focus

ASIA RESEARCH TEAM 1

Colombo Stock Exchange

Weekly Review by Asia Wealth Management Research

Market In Heavy Need Of A New Direction.

The market pursued its downward trend with a

Colombo Stock Exch

Analysis of Various Warrants Listed on the CSE

Comparison of the warrants trading price with its

Asia Wealths Billion Rupee Club

Weekly overview of commodity trading

All Share Index

Major Price Movements

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The bourse completed the trading week on a dull note

W eekly R eview by Asia Wealth-0.2

Is the market in mayhem with no guidance

Weekly Review by Asia Wealth Manag

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The Week in FOCUS

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Price According to Black

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Colombo Bourses Billion Rupee Club

Net Profit 4qtr

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Rubber (RSS 1) LKR

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Sri Lanka Focus

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Charts Sourced from Asia Wealth Research

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ASIAN HOTELS & PROPERTIES PLC

Chemicals & Pharmaceuticals

CIC HOLDINGS PLC

With countrys agricultural sector achieving a phenomenal growth during the

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Food & Beverage

DISTILLERIES COMPANY OF SRI LANKA PLC