Weekly Plus - 2013 Issue 42 (17.10.2013)

7/27/2019 Weekly Plus - 2013 Issue 42 (17.10.2013)

1/12

2013 Issue 42 Week Ending 17-10-2013

Weekly Market Wrap UpStat Page Pg 02

Weekly Stock Trends Pg 03

S&P SL20 Watch Pg 04

Local Economy in BriefCurrency Moves Pg 05

Inflation & Interest Rates Pg 06

Colombo Tea Auction Pg 06

Tourism Pg 06

Global MarketEquity Market Outlook Pg 07

Global Commodity Trend Pg 08

Research Chat:JKH PER Band Graph Pg 09

Our Core Coverage Pg 10- Pg 11


2/12

Current WoW %

ASPI 5976.51 0.3%

S&P SL20 3309.00 0.7%

Turnover (LKR 'bn) 3,288.4 44.7%

Volume ('mn) 89.3 -57.3%

Market Cap. (LKR 'bn) 2,485.3 0.3%

LKR ('mn) Current WoW %

Foreign Purchases 1,346.2 28.1%

Foreign Sales 666.1 138.1%

Net Foreign Inflow 680.1 -11.8%

Foreign Participation 32% 21.8%

Net Foreign 596 680

Current WoW %

PER 15.9 0.2%

PBV 2.2 0.3%

DY 2.6 0.0%

Current WoW %

BANKS FINANCE & INS. 12,818.3 -0.1%

BEV. FOOD & TOBACCO 19,866.8 -1.0%

CHEM. & PHARMA. 6,788.0 0.8%

CONS. & ENG. 2,795.1 1.8%

DIVERSIFIED 1,800.1 1.0%

HEALTH CARE 707.9 1.6%

HOTELS & TRAVELS 3,261.7 0.1%

JKH 1.09% HNB[X.0000] (+) -0.20% LAND & PROPERTY 582.3 1.2%

SAMPATH (+) 1.73% TOKYO CEMENT -0.34% MANUFACTURING 2,920.2 1.3%

HNB (+) 0.2% RICHARD PIERIS -0.06% MOTORS 15,000.2 0.9%

COMMERCIAL BANK (+) 0.02% LANKA HOSPITALS (+) -0.1% PLANTATIONS 741.5 0.3%

NAT. DEV. BANK (+) 0.04% UNION BANK (+) -0.08% TELECOM 161.4 1.5%

Growth in

Value

LKR 'mn

1140.4

76.0

18.0

5.3

4.5

-5.1

-4.6

-2.8

-2.2

771

3286.91

2,272.1

15.9

2.2

2.6

Previous

12,825.3

20,073.8

771.1

26%

1,050.9

279.8

209.1

2,477.3

Previous

Weekly Stat Page

Previous

Weekly Market Statistics

Weekly Foreign Flow

Weekly Market Valuations

Weekly Sector Statistics

Decline in

Foreign

Holding 3,259.3

2,882.0

14,867.7

Previous

5957.37

739.2

159.1

680

575.2

Change in Foreign Holding

Decline in

Value

LKR 'mn

Decline in Foreign Holding

Growth in

Foreign

Holding

Growth in Foreign Holding

2,745.9

1,781.5

696.4

6,735.0

-7.1

5,500

5,600

5,700

5,800

5,900

6,000

Daily Index Movement

ASPI

0

100

200

300

400

0

1,000

2,000

3,000

4,000

5,000

26-Sep 3-Oct 10-Oct 17-Oct

('Mn)

LKR('Mn)

Weekly Turnover and Volume

Turnover (LHS) Volume (RHS)

0

200

400

600

800

1,000

1,200

1,400

1,600

26-Sep 3-Oct 10-Oct 17-Oct

LKR('Mn)

Weekly Foreign Purchases and Sales

Foreign Buying Foreign Sales

0%

10%

20%

30%40%

50%

60%

Daily Foreign Activity

Fo re ign Activity Line ar (F oreign Activity)

Page | 2


3/12

Company WoW %

SWARNAMAHAL FIN 35.00%

SOFTLOGIC CAP 26.47%

LEE HEDGES 24.96%

THE FINANCE CO.[NON 24.24%CEYLON PRINTERS 22.73%

Company WoW %

LAKE HOUSE PRIN. -12.38%

PC HOUSE -11.11%

HUEJAY -10.62%

SERENDIB LAND -10.15%

ASIRI CENTRAL -8.86%

Company WoW %

JKH -0.69%

ACCESS ENG SL 4.76%

UNITED MOTORS 3.74%

TOUCHWOOD 11.63%

HNB -0.53%

Company WoW %

TOUCHWOOD 11.63%

ACCESS ENG SL 4.76%

SWARNAMAHAL FIN 35.00%

ASIA ASSET 4.76%

PC HOUSE -11.11%

2.00

2.10

0.90

Current

4.80

22.00

2.70

2.20

0.80

45,128,760

28,891,557

8,982,893

High

5.10

22.00

3.00

2.40

1.00

111.00

4.80

150.00

Turnover

237,393,338

492,809,514

Previous

4.30

21.00

172,656,973

116.00

5.10

152.30

107.00

4.30

Current

92.00

0.80

58.10

1,203.10

232.40

Current

215.00

22.00

High

100.00

1.00

69.00

1,203.10

259.00

150.80

Previous

105.00

0.90

65.00

1,339.00

255.00

High

220.60

22.00

Previous

216.50

21.00

Turnover

37,277

8,982,893

127

4,807

47,573

Volume

405

10,248,415

2

4

196

Previous

2.00

3.40

260.00

3.301,100.00

Current

2.70

4.30

324.90

4.101,350.00

Weekly Stock Trends

52 Low

1.40

Weekly Top Gainers

52 HighTurnover

45,128,760

759,919

245,604

10,620,5781,350

Volume

17,570,450

187,453

935

2,675,6951

High

3.00

4.50

324.90

4.701,350.00

2,254,843

140.00

1.40

1.50

0.50

0.90

10,248,415

3.90

21.30

50,298,661

22,433,249

17,570,450

13,222,042

176.00

4.80

3.20

7.20

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

Low

Low

Low

92.00

0.80

58.10

50,298,661

1,151,017

Volume

Turnover

685,418,402

492,809,514

241,275,481

237,393,338

Volume

3,137,546

22,433,249

18.70

52 Low

81.20

202.10

4.80

7.50

324.90

8.202,400.00

1.90

2.00

0.80

Low

1.90

3.70

52 High

115.00

299.80

260.00

3.201,350.00

1,200.00

207.00

215.00

21.30

107.00

3.90

149.20

3.10

192.00

2.90811.00

52 High 52 Low

52 High 52 Low

22.60 16.50

7.20 0.50

99.80 48.00

2,049.80 1,105.00

329.90 205.00

18.70 0.90

22.60 16.50

124.00 86.00

Page | 3


4/12

DIVIDENDS

RIGHTS ISSUE

John Keells Holdings

Tess Agro [Voting]

S&P SL20 Companies Previous WoW % Tess Agro [Non-Voting]

JOHN KEELLS HOLDINGS 216.50 -0.69% Senkadagala Finance

COMMERCIAL BANK 118.50 0.76% Nanda Investments & FinanceTHE BUKIT DARAH 670.00 2.24% SCRIP DIVIDEND

HATTON NATIONAL BANK 150.80 -0.53%

CARSONS CUMBERBATCH 390.00 2.59%

SAMPATH BANK 172.20 0.00%

CEYLON TOBACCO COMPANY 1,054.00 12.04%

DFCC BANK 120.00 0.92% CAPITALIZATION OF RESERVES

AITKEN SPENCE 113.60 1.58%

NATIONAL DEVELOPMENT BANK 146.40 5.05%

C T HOLDINGS 140.10 2.78%

DISTILLERIES 187.00 -0.11%HAYLEYS 295.50 -0.85% SUBDIVISION OF SHARES

CHEVRON LUBRICANTS LANKA 270.00 -0.67%

DIALOG AXIATA 8.70 1.15%

CARGILLS (CEYLON) 150.00 0.67%

AITKEN SPENCE HOTEL HOLDINGS 66.10 5.90% CONSOLIDATION OF SHARES

NESTLE LANKA 1,950.00 -0.24%

ASIAN HOTELS & PROPERTIES 70.00 0.00%

SRI LANKA TELECOM 39.30 -1.27%

115.40

153.80

144.00

186.80293.00

268.20

8.80

151.00

70.00

Current

215.00

119.40685.00

150.00

400.10

172.20

1,180.90

121.10

To Be Notified

00-01-1900

24-10-2013

19-11-2013

00-01-1900

0.00

0.00

0.00

0.00

0.00

To Be Notified01 for 10 @ LKR40.0

31-10-2013

To Be Notified

00-01-1900

Renunciation

To Be Notified

XR Date

31-10-2013

19-11-2013

00-01-1900

00-01-1900

00-01-1900

Tess Agro [V & NV] 01 for 03 @ LKR1.0

Company Proportion EGM Date XC Date

0-Jan-19000-Jan-1900

0-Jan-1900 0-Jan-1900

0-Jan-1900

0-Jan-1900

0

0

0-Jan-1900

EGM Date Trading Date

1,945.40

70.00

38.80

0-Jan-19000-Jan-1900

0-Jan-1900

0-Jan-1900

0-Jan-1900

6.00

1.65

01 for 20 @ LKR9.0

0-Jan-1900

Softlogic Holdings

Union Chemical Lanka

C T Holdings

22-10-2013

22-10-2013

31-10-2013

31-10-2013

31-10-2013

08-11-2013

Payment

Proportion

Announcements

Company Dividend (LKR)

00-01-1900

00-01-1900

00-01-1900

00-01-1900

0.16

XD Date

63,977,745

90,931,355

0-Jan-1900 0-Jan-1900 0-Jan-19000-Jan-1900

0-Jan-1900

0-Jan-1900

XD DateEGM DateProportionCompany

0-Jan-1900

0-Jan-19000-Jan-1900

79,718,991298,736

S & P SL20 Debrief

1,792,287

172,656,973

2,294,062

0-Jan-1900

0-Jan-1900

0-Jan-1900

03-10-201302 for 13 @ LKR175.0

01 for 03 @ LKR1.5

01 for 06 @ LKR0.9Turnover

685,418,402

Company

0-Jan-1900

4,759,008

0-Jan-1900 0-Jan-1900 0-Jan-1900 0-Jan-1900

Company Proportion EGM Date Trading Date

0-Jan-1900

Company Proportion

1,427,974

26,918,361

1,767,699

782,213

2,209,212

8,356,818

200,800

4,760,458

1,579,511

3,912,001

1,543,389

0-Jan-1900 0-Jan-1900

20-12-2013

0 0

0-Jan-1900 0 0

23-12-2013

0-Jan-1900

3,050

3,100

3,150

3,200

3,250

3,300

3,350

Daily Index Movement

S&P SL20

Page | 4


5/12

Local Economy

CURRENCY MOVES

130

130

131

131

132

132

133

133134

LKR USD : LKR

1.30

1.311.32

1.33

1.34

1.35

1.36

1.37

LKR Japanese Yen : LKR

170

172

174

176

178

180

LKR EURO : LKR

100

101102

103

104

105

106

107

LKR Singapore Dollar : LKR

190

195

200

205

210

215

LKR GBP : LKR

1.70

1.80

1.90

2.00

2.10

2.20

2.30

LKR Indian Rupee : LKR

Page | 5


6/12

BALANCE OF TRADE TOURISM

For the Month Ending: Jul-13 For the Month Ending:

Jul-13 MoM % Jul-12 2013 2012

Exports 858 6% 794 Sep-13 89,761 71,111

Imports 1,601 -2% 1,329 YTD 801,210 693,772

Balance of Trade -743 10% -535

COLOMBO TEA AUCTION STATISTICS

Sale of

09-Oct-13 WoW %

High Grown 434.59 1.66%

Mid Grown 413.97 0.08%

Low Grown 512.62 3.57%

Total 480.72 2.64%

COLOMBO RUBBER AUCTION STATISTICS

For the Month Ending: Sep-2013

Sep-13 Basis Points Sale of

Point to Point 6.2% 10 26-Sep-13 WoW %

Annual Average Chang 7.8% 20 RSS 1 411.50 0.00%

1-Yr T-Bill 10.52% 4 Brown Crepe 1X 415.00 0.97%

413.64

494.95

468.34

Aug-13

6.3%

8.0%

10.56%

Sale of

05-Sep-13

411.50

411.00

Sale of

15-Aug-13

Corres. 2012

1.22%

0.00%

WoW %

20%

-39%

418.32

372.53

421.94

415.28

Local Economy

Elevation

Sep-13

INFLATION & INTEREST RATE

Jun-13

-829

Sale of

807

1,637

26%

15%

15.76%

411.50

410.00

YoY %

8%

Elevation

3.89%

11.12%

21.49%

02-Oct-13

427.50

YoY %

Change %

-1,200

-800

-400

0

400

800

1,2001,600

2,000

Balance of Trade

Exports Imports Balance of Trade

20,000

40,000

60,000

80,000100,000

120,000

140,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Tourist Arrivals

2010 2011 2012 2013

2%

4%

6%

8%

10%

12%

14%

Sep-13Jul-13May-13Mar-13Jan-13Nov-12Sep-12

Inflation and Treasury Bill Rate

1-Yr T-Bill Point to Point Annual Average Change

Page | 6


7/12

Global Markets

EQUITY MARKET OUTLOOK

14,20014,400

14,60014,80015,00015,200

15,40015,60015,800

Index

Dow Jones Industrial Average

6,200

6,300

6,400

6,500

6,600

6,700

Index FTSE 100 Index

1,550

1,600

1,650

1,700

1,750

Index S&P 500 Index

7,000

9,000

11,000

13,000

15,000

17,000Index Nikkei 225

2,500

2,600

2,700

2,800

2,900

3,000

3,100IndexEURO STOXX 50 Price EUR

20,500

21,000

21,500

22,000

22,500

23,000

23,500

24,000Index Hong Kong Hang Seng Index

Page | 7


8/12

WTI Crude USD/bbl 101.77 -0.1%

Gold USD/t oz. 1,307.10 0.6%Copper USd/lb. 328.30 1.5%

Cotton USd/lb. 83.30 -0.9%

Wheat USd/bu. 686.25 -1.1%

101.91

Global Markets

84.03

694.00

CommodityThis

Week

Last

Week

WoW

Change

1,299.30323.35

GLOBAL COMMODITY TREND

9698

100102

104106108110112

USD/bbl

WTI CRUDE FUTURE

75

80

85

90

95

USd/lb. COTTON NO.2 FUTURE

1,150

1,200

1,250

1,300

1,350

1,400

1,450

USD/t oz.

GOLD 100 OZ FUTURE

600

620

640

660

680

700

720

USd/bu. WHEAT FUTURE(CBT)

290

300

310

320

330

340

USd/lb.

COPPER FUTURE

Page | 8


9/12

Softlogic Equity ResearchPage | 9

0.00

50.00

100.00

150.00

200.00

250.00

300.00

Apr-03 Apr-04 Apr-05 Apr-06 Apr-07 Apr-08 Apr-09 Apr-10 Apr-11

JKH Forward PE Band Chart

Price 8 11 14 17 20


10/12


Name Y/E Rec Mkt Price NAVPS P / BV DPS

17-Oct-13 M ar '1 2 M ar '1 3 M ar '1 4E Ma r' 15 E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 2 Ma r' 13 M ar '1 4E M ar '1 4E M ar '1 2 Ma r' 13 Ma r' 14 E M ar '1 5E M ar '1 3

( 'M n) ( 'M n) ( 'M n) Dec'11 Dec' 12 Dec '13E Dec '14E Dec' 11 Dec' 12 Dec' 13E Dec '14E Dec '11 Dec '12 Dec' 13E Dec '13E Dec '11 Dec '12 Dec '13E Dec '14E Dec' 12

Banking, Finance & Insurance

Ce nt ra l F in an ce CF IN .N 0000 M Buy 190.00 17,646 104.9 19,928 168.24 1.13 2,675 3,041 3,437 3,829 3,098 25.51 2 9.00 32.77 3 6.51 29.54 46 14 13 11 7.4 6.6 5.8 5.2 6.4 2.9 1.5 15.2

Ceyl inco Insurance CINS.N0000 D 1,251.80 14,123 26.4 33,066 534.67 2.34 1 ,508 1,953 2,014 57.08 73.94 76.24 57 30 21.9 16.9 16.4 12.5 1.0 10.7

Comm er ci a l B a nk CO MB .N 00 00 D Buy 118. 90 55, 572 848. 7 100 ,91 5 65. 48 1. 82 8, 048 10,0 80 10, 685 12 ,591 9, 223 9. 48 1 1.88 12. 59 1 4. 83 10 .87 46 2 5 6 18 12. 5 10. 0 9. 4 8. 0 10. 9 4. 5 3. 8 1 4.5

Commercia l Bank [X] COMB.X0000 D Buy 91.10 55,572 848.7 77,320 65.48 1.39 8,048 10,080 10,685 12,591 9,223 9.48 1 1.88 12.59 1 4.83 10.87 46 25 6 18 9.6 7.7 7.2 6.1 8.4 4.5 4.9 14.5

DFCC Bank DFCC.N0000 M MTB 124.10 36,565 265.1 32,899 137.93 0.90 2 ,900 3,523 3,453 3,915 3,436 10.94 13.29 13.02 14.77 12.96 (43) 21 (2) 13 11.3 9 .3 9.5 8.4 9.6 5.0 4.0 7.9

H a tton N a ti ona l B a nk H NB .N 00 00 D Buy 150. 00 53, 980 399. 3 59 ,90 0 1 35. 18 1. 11 6, 149 8,1 11 9, 258 11 ,113 8, 257 15. 40 2 0.31 2 3. 18 2 7. 83 20 .68 28 3 2 14 20 9 .7 7.4 6. 5 5. 4 7.3 8. 5 5. 7 1 1.4

Hatton National Bank [X] HNB.X0000 D Buy 112. 00 53, 980 399. 3 44 ,72 6 1 35. 18 0. 83 6, 149 8,1 11 9, 258 10 ,908 8, 257 15. 40 2 0.31 2 3. 18 2 7. 83 20 .68 28 3 2 14 20 7 .3 5.5 4. 8 4. 0 5.4 8. 5 7. 6 1 1.4

La nk a Ori x Le as in g Co mp an y LOLC.N0000 M 60.00 2 0,735 475.2 2 8,512 43.63 1.38 2,933 1,863 1,985 6.17 3.92 4.18 ( 24 ) ( 36 ) 9.7 15.3 14.4 0.5 0.8 14.1

LB Fi na nce LFIN.N0000 M Buy 1 06 .5 0 5 ,5 71 6 9. 3 7 ,3 76 8 0. 43 1 .3 2 1 ,7 14 1 ,7 03 2 ,1 14 2 ,4 94 1 ,5 66 2 4. 75 2 4. 58 3 0. 52 3 6. 01 2 2. 61 6 8 (1) 24 18 4.3 4.3 3.5 3.0 4.7 6.5 6.1 30.8

National Development Bank NDB.N0000 D Buy 156.20 23,785 164.7 25,725 144.42 1.08 2 ,706 8,854 3,533 4,286 8,817 16.43 53.76 21.45 26.03 53.53 26 227 (60) 21 9.5 2.9 7.3 6.0 2.9 15.0 9.6 11.4

N a ti ons T ru s t B a nk N TB .N 00 00 D Buy 62.00 10,591 230.6 14,298 45.93 1.35 1,534 1,951 2,438 2,990 2,002 6.65 8.46 1 0.57 12.96 8.68 41 27 25 23 9.3 7.3 5.9 4.8 7.1 2.1 3.4 14.5

Pa n As i a B an k PAB C.N0000 D Buy 16.80 4,100 295.0 4,957 13.89 1.21 824 811 859 995 617 2.79 2.75 2.91 3.37 2.09 1 28 (2) 6 16 6.0 6.1 5.8 5.0 8.0 1.0 6.0 20.1

Pe op l e' s L ea s in g PLC.N 00 00 M Buy 1 3. 50 1 8, 94 2 1, 57 9. 9 2 1, 32 8 11 .9 9 1. 13 4 ,5 42 3 ,0 73 3 ,0 15 3 ,5 90 3 ,0 16 2 .8 7 1 .9 5 1 .9 1 2 .2 7 1 .9 1 7 4 ( 32) ( 2) 19 4.7 6.9 7.1 5.9 7.1 1.3 9.3 24.0

S amp ath B an k S AMP.N 0000 D Buy 177.00 27,971 167.8 29,698 166.70 1.06 4 ,151 5,212 4,089 5,339 4,066 24.74 31.06 24.37 31.82 24.23 19 26 (22) 31 7.2 5.7 7.3 5.6 7.3 6.0 3.4 14.8

Seyl an Bank SEYB.N0000 D 59.00 20,343 345.0 20,353 58.97 1.00 1 ,006 2,063 2,042 2.92 5.98 5.92 (17) 105 20.2 9.9 10.0 1.0 1.7 4.9

La nk a Ori x F in an ce LOF C.N0000 M 3.00 5,479 2,800.0 8,400 1.96 1.53 1,246 686 898 1,026 705 0.44 0.25 0.32 0.37 0.25 ( 0) ( 45) 31 14 6.7 12.2 9.4 8.2 11.9 - - 22.7

Sample Sector (16) 315,401 7,771.9 407,354 40.58 1.29 41,935 52,924 68,324 5.40 6.81 8.79 19 26 9.7 7.7 6.0 13.3

Full Sector (60) 531,027 1.37 8.1

Beverage, Food and Tobacco

Cargi l ls CARG.N0000 M 150.00 12,008 224.0 33,600 53.61 2.80 1,079 5 78 453 4.82 2.58 2.02 ( 1) ( 46) 31.1 58.2 74.2 2.0 1.3 9.0

Ce yl o n T ob ac co Co mp an y CT C. N0000 D 1, 150. 00 5, 041 187. 3 215 ,42 2 26. 91 42 .73 6, 569 8,1 76 8, 734 9 ,545 8, 570 35. 07 43 .65 46. 63 50. 95 45 .75 29 2 4 7 9 32. 8 26. 3 2 4.7 22. 6 25. 1 45. 2 3. 9 13 0.3

Di sti ll eri es DI ST.N0000 M LTB 188.00 50,390 300.0 56,400 167.97 1.12 5 ,675 5,520 5,816 6,452 5,701 18.92 18.40 19.39 21.51 19.00 ( 30 ) ( 3) 5 11 9.9 10.2 9.7 8.7 9.9 3.0 1.6 11.3

Li o n B re we ry LI ON .N 0000 M 369. 00 5, 878 80. 0 29 ,52 0 73. 47 5. 02 1, 262 1,0 46 1, 121 1 ,465 1, 020 15. 78 1 3.07 14. 01 1 8. 31 12 .76 25 (17) 7 31 23.4 28.2 26.3 20.2 28.9 4.0 1.1 21.5

N es tl e ( La nk a) N ES T. N0000 D 1, 969. 00 2, 569 53. 7 105 ,78 5 47. 82 41 .17 2, 633 2,9 94 3, 513 3 ,822 3, 449 49. 01 5 5.73 6 5. 39 7 1. 14 64 .21 39 1 4 17 9 40. 2 35. 3 3 0.1 27. 7 30. 7 54. 0 2. 7 10 2.5

Sample Sector (5) 75,887 845.0 440,728 89.80 5.81 17,219 18,313 19,194 20.38 21.67 22.71 0 6 25.6 24.1 23.0 22.7

Full Sector (20) 498,724 3.99 20.6

Chemicals & Pharmaceuticals

CIC Holdings CIC.N0000 M 57.00 7,685 94.8 5,402 81.09 0.70 863 231 181 9.11 2.44 1.91 ( 7) ( 73) 6.3 23.4 29.9 1.6 2.9 11.2

Lankem Ceylon LCEY.N0000 M 138.60 3,612 24.0 3,326 150.48 0.92 513 297 194 21.39 12.36 8.10 ( 55 ) ( 42 ) 6.5 11.2 17.1 1.5 1.1 14.2

Sample Sector (2) 11,296 118.8 8,728 95.11 0.77 1,376 528 375 11.59 4.44 3.16 (33) (62) 6.3 16.5 23.3 12.2

Full Sector (10) 18,989 0.95 13.3

Construction & Engineering

Co lombo D ockya rd DOCK.N0000 D 192.00 10,172 71.9 13,797 141.55 1.36 1,804 1,977 1,229 25.10 27.51 17.11 (13) 10 7.6 7.0 11.2 8.0 4.2 17.7

Sample Sector (1) 10,172 71.9 13,797 141.55 1.36 1,804 1,977 1,229 25.10 27.51 17.11 (13) 10 7.6 7.0 11.2 17.7

Full Sector (4) 39,631 2.60 9.0

Diversified Holdings

Ai tken Spence SPEN.N0000 M 116.00 28,215 406.0 47,096 69.50 1.67 3,488 3,267 3,293 8.59 8.05 8.11 38 (6) 13.5 14.4 14.3 1.5 1.3 12.4

CT Hol di ngs CTHR.N0000 M 157.00 16,957 183.1 28,746 92.61 1.70 1,159 1,150 1,619 6.33 6.28 8.84 34 (1) 24.8 25.0 17.8 0.7 0.4 6.8

Ca rs on s Cu mb erb atch CAR S.N0000 M 402.30 35,229 1 96.4 79,006 179.38 2.24 7,017 4,570 4,692 35.73 23.27 23.89 55 (35) 11.3 17.3 16.8 2.0 0.5 19.9

E xp o la n ka H ol d i ng s E XP O. N0 00 0 M LTB 6.80 9,359 1,954.9 13,293 4.79 1.42 1,033 1,061 1,302 1,100 0.53 0.54 0.67 0.56 (33) 3 23 12.9 12.5 10.2 12.1 0.1 1.8 11.0

Hayleys HAYL.N0000 M 292.50 22,638 75.0 21,938 301.84 0.97 1,038 1,854 2,054 13.84 24.72 27.39 43 7 9 21.1 11.8 10.7 4.5 1.5 4.6

Hema s Hol di ngs HHL.N0000 M 32.40 12,374 515.3 16,695 24.01 1.35 1,165 1,658 1,600 2.26 3.22 3.11 (4) 42 14.3 10.1 10.4 0.8 2.3 9.4

J oh n K ee l l s H o ld i ng s J KH .N 00 00 M 2 17 .3 0 9 0, 68 6 8 57 .9 1 86 ,4 26 1 05 .7 0 2. 06 9 ,6 87 1 2, 20 1 10 ,9 52 1 0, 65 3 12 ,1 29 1 1. 29 1 4. 22 1 2. 77 1 2. 42 1 4. 14 1 7 2 6 ( 10) ( 3) 19.2 15.3 17.0 17.5 15.4 3.5 1.6 10.7

Ri chard Pei ri s RICH.N0000 M 6.60 8 ,257 1,958.1 12,923 4.22 1.57 2,575 1,903 1,642 1.32 0.97 0.84 53 (26) 5.0 6.8 7.9 0.2 3.0 31.2

Softlogic Holdings SHL.N0000 M 9.80 7,384 779.0 7 ,634 9.48 1.03 483 301 269 0.62 0.39 0.35 ( 42 ) ( 38 ) 15.8 25.3 28.4 0.3 3.1 6.5

Va ll ib el On e VONE.N0000 M Buy 16. 80 30, 980 1, 086. 6 18 ,25 4 28. 51 0. 59 2, 025 1,4 03 2, 323 1, 550 1. 86 1 .29 2. 14 1 .43 2 50 (31) 66 9.0 13.0 7.9 11.8 0 .0 0.0 6.5

Sample Sector (10) 262,079 8,012.3 432,013 32.71 1.65 29,669 29,367 29,948 3.70 3.67 3.74 30 (1) 14.6 14.7 14.4 11.3

Full Sector (18) 464,757 1.54 13.8

Healthcare

As iri Hospita l Hold. ASIR.N0000 M 15.80 5,650 1,099.1 17,366 5.14 3.07 600 777 810 0.55 0.71 0.74 215 29 28.9 22.3 21.4 0.5 3.2 10.6

Nawaloka Hospita ls NHL.N0000 M 3.00 3,881 1,409.5 4,229 2.75 1.09 271 454 456 0.19 0.32 0.32 (75) 68 15.6 9.3 9.3 0.1 1.7 7.0

Lanka Hospita ls LHCL.N0000 D 43.90 27,164 223.7 9,822 121.41 0.36 437 384 537 1.95 1.72 2.40 51 (12) 22.5 25.6 18.3 0.5 1.1 1.6

Sample Sector (3) 36,695 2,732.3 31,416 13.43 0.86 1,308 1,616 1,803 0.48 0.59 0.66 (16) 24 24.0 19.4 17.4 3.6

Full Sector (6) 46,302 2.15 18.9

Book Val. Share

Cap.

Market

Cap.ROE

(%)

Trailing

DY (%)4Q

Trailing

4Q

Trailing

4Q

Trailing

Earnings EPS EPS Growth (%) PER


11/12


Name Y/E Rec Mkt Price NAVPS P / BV DPS

17-Oct-13 M ar '1 2 M a r' 13 M ar '1 4E M ar '1 5E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 4E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 3

( 'Mn ) ( 'Mn ) ( 'Mn ) D ec '1 1 D e c' 12 D ec '1 3E D ec '1 4E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 4E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 3E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 4E D ec '1 2

Hotels and Travels

Ai tken Sp. Ho. Hol d. AHUN.N0000 M 71.50 12,937 336.3 24,045 38.47 1.86 1,378 1,782 2,148 1,782 4.10 5.30 6.39 5.30 33 29 21 17.4 13.5 11.2 13.5 1.0 1.4 10.7

Ama ya Lei sure CONN.N0000 M 71.00 2,515 48.0 3,410 52.37 1.36 293 377 376 374 6.09 7 .84 7 .83 7.79 (38) 29 (0) 11.7 9 .1 9.1 9.1 4.0 5.6 11.6

A si a n H ot el s & Pro p. A HPL .N 000 0 M 73. 70 20, 76 2 442. 8 32, 633 46.8 9 1. 57 2, 149 2,4 94 2 ,38 6 2, 493 2, 492 4. 85 5 .63 5. 39 5. 63 5. 63 21 1 6 (4) 4 15.2 13.1 13.7 13.1 13.1 4.0 5.4 10.3

Ke el ls H ote ls KH L.N0000 M 11.10 16,421 1,456.1 16,163 11.28 0.98 1,105 1,121 870 994 1,121 0.76 0.77 0.60 0.68 0.77 111 1 (22) 14 14.6 14.4 18.6 16.3 14.4 0.0 0.0 6.7

Taj TAJ.N0000 M 29.90 2,223 139.6 4,175 15.92 1.88 125 2 46 293 224 0.89 1.76 2.10 1.61 26 97 19 33.5 17.0 14.2 18.6 0.0 0.0 5.6

Tra ns As ia TR AN.N0000 M 88.00 5,775 200.0 17,600 28.88 3.05 625 1 ,066 884 927 1 ,066 3 .12 5.33 4.42 4.64 5.33 (5) 71 (17) 5 28.2 16.5 19.9 19.0 16.5 3.0 3.4 10.8

Sample Sector (6) 60,634 2,622.9 98,026 23.12 1.62 5,674 7,086 6,957 6,059 2.16 2.70 2.65 2.31 24 25 (2) 17.3 13.8 14.1 16.2 9.4

Full Sector (36) 317,845 2.51 37.6

Land and Property

Col ombo Land CLND.N0000 D 46.00 2,699 199.9 9,195 13.50 3.41 10 335 -90 12 48 0.05 1.68 (0.45) 0.06 0.24 (98) 3,393 (127) 113 958.7 27.4 N/A 766.2 189.8 0.0 0.0 0.4

Ove rs e as R ea l it y OS EA. N0 000 D 17. 80 22, 69 7 843. 5 15, 014 2 6.9 1 0. 66 2, 681 2,4 69 1 ,92 4 2 ,158 2, 991 3. 18 2 .93 2. 28 2. 56 3. 55 2 18 ( 8) ( 22 ) 12 5.6 6.1 7.8 7.0 5.0 0.3 1.7 11.8

Sample Sector (2) 25,396 1,043.4 2 4,209 24.34 0.95 2,691 2,804 1,834 2,170 3,040 2.58 2.69 1.76 2.08 2.91 102 4 (35) 18 9.0 8 .6 13.2 11.2 8.0 1.0 10.6

Full Sector (18) 40,263 0.85 7.7

Manufacturing

ACL Cables ACL.N0000 M 66.00 5,802 59.9 3,953 96.87 0.68 485 532 513 8.10 8.88 8.56 127 10 8.1 7.4 7.7 1.0 1.5 8.4

Gra in El eva to rs GRAN.N0000 D 38.40 2,742 60.0 2,304 45.71 0.84 388 135 87 93 -188 6.46 2.24 1.45 1.55 ( 3. 13 ) ( 18 ) ( 65 ) ( 35 ) 7 5.9 17.1 26.5 24.8 -12.2 0.1 0.4 14.1

Ch e vr on L ub ri c an ts L LU B. N0 00 0 D Hold 2 70. 00 5, 09 8 120. 0 32, 400 4 2.4 8 6. 36 2, 001 2,2 88 2 ,52 6 2 ,621 2, 425 16. 67 1 9.06 2 1. 05 2 1. 84 2 0. 21 33 1 4 10 4 16 .2 14. 2 12. 8 12 .4 13 .4 1 1. 0 4. 1 39. 2

La nk a Wa ll ti le LWL.N0000 M LTB 55.60 4,871 54.6 3,036 89.21 0.62 731 520 545 600 474 13.39 9.52 9.98 1 0.99 8.68 51 (29) 5 10 4.2 5.8 5.6 5.1 6.4 3.0 5.4 15.0

Pi ra ma l Gl as s GLAS .N0000 M LTB 5.50 3,716 950.1 5,225 3.91 1.41 686 724 761 813 941 0.72 0.76 0.80 0.86 0.99 19 5 5 7 7.6 7.2 6.9 6.4 5.6 0.4 6.9 18.5

Roya l Cera mi c RCL.N0000 M LTB 95.90 8,384 110.8 10,625 75.67 1.27 1 ,243 1,670 1,844 2,190 1,411 11.22 15.07 16.64 19.77 12.74 (14) 34 10 19 8.5 6.4 5.8 4.9 7.5 2.0 2.1 14.8

Te xtu re d Je rs ey TJL.N0000 M Buy 1 5. 30 6 ,1 90 6 55 .0 1 0, 02 2 9 .4 5 1 .6 2 6 28 1 ,0 17 1 ,1 86 1 ,4 83 1 ,0 85 0 .9 6 1 .5 5 1 .8 1 2 .2 6 1 .6 6 (8) 62 17 25 16.0 9 .9 8.4 6.8 9.2 1.2 8.1 10.1

Tokyo Cement TKYO.N0000 M 25.00 7,793 334.1 8 ,353 23.32 1.07 979 828 1,447 2.93 2.48 4.33 14 (15) 8.5 10.1 5.8 1.0 4.0 12.6

Sample Sector (8) 44,596 2,344.5 75,918 19.02 1.70 7,141 7,713 8,108 3.05 3.29 3.46 15 8 10.6 9.8 9.4 4.3 16.0

Full Sector (36) 106,255 1.35 8.4

Motors

Colonial Motors COLO.N0000 M 90.00 3,562 15.2 1 ,368 234.33 0.38 453 120 22 29.80 7.91 1.47 95 (73) 3.0 11.4 61.3 3.0 3.3 12.7

Di es el & Mo tor En gi ne eri ng DI MO.N0000 M 500.00 7,571 8.9 4,438 852.93 0.59 2,702 462 462 304.36 52.06 52.05 2 7 (83) 1.6 9.6 9.6 10.0 2.0 35.7

Uni ted Motors UML.N0000 M 113.10 7,747 67.3 7,608 115.18 0.98 2,281 2,013 2,011 33.91 29.92 29.90 153 (12) 3.3 3.8 3.8 10.0 8.8 29.4

Sample Sector (3) 18,880 91.3 13,414 206.70 0.71 5,436 2,595 2,496 59.51 28.41 27.32 67 (52) 2.5 5.2 5.4 6.0 28.8Full Sector (6) 21,397 0.95 9.1

Oil Palms

Buki t Dara h BUKI.N0000 M 689.30 32,716 102.0 70,309 320.74 2.15 7,299 5,042 4,405 71.56 49.43 43.19 43 (31) 9.6 13.9 16.0 3.0 0.4 22.3

Sample Sector (1) 32,716 102.0 70,309 320.74 2.15 7,299 5,042 4,405 71.56 49.43 43.19 43 (31) 9.6 13.9 16.0 3.0 0.4 22.3

Full Sector (5) 103,672 1.83 19.1

Plantations

Balangoda BALA.N0000 D 32.10 2,660 23.6 759 112.53 0.29 25 118 62 1.08 5.01 2.64 (85) 366 29.9 6.4 12.1 1.0 1.0

Horana HOPL.N0000 M 23.00 1,391 25.0 575 55.63 0.41 87 220 201 3.49 8.82 8.04 (73) 152 6.6 2.6 2.9 2.0 6.3

Kegal le KGAL.N0000 M 97.10 3,439 25.0 2,428 137.54 0.71 769 544 542 30.77 21.74 21.70 ( 8) ( 29) 3.2 4.5 4.5 12.0 12.4 22.4

Kelani Val ley KVAL.N0000 D 80.80 2,524 34.0 2,747 74.24 1.09 460 584 650 13.54 17.19 19.12 44 27 6.0 4.7 4.2 6.0 7.4 18.2

Kotagala KOTA.N0000 M 43.90 3,535 40.0 1,756 88.38 0.50 439 517 378 10.97 12.92 9.44 (34) 18 4.0 3.4 4.6 2.5 5.7 12.4

Watawala WATA.N0000 M 10.80 3,855 236.7 2,556 16.29 0.66 455 680 755 1.92 2.87 3.19 (29) 49 5.6 3.8 3.4 0.8 11.8

Sample Sector (6) 17,403 384.3 10,820 45.29 0.62 2,236 2,664 2,589 5.82 6.93 6.74 (24) 19 4.8 4.1 4.2 12.8

Full Sector (19) 24,269 0.66 5.5

Power and Energy

Lanka IOC LIOC.N0000 M 26.00 14,378 532.5 13,846 27.00 0.96 906 2,911 4,069 1.70 5.47 7.64 3 221 15.3 4.8 3.4 1.0 6.3

Val l ibel VPEL.N0000 M 5.80 2,068 747.1 4,333 2.77 2.10 249 289 482 0.33 0.39 0.65 (41) 16 17.4 15.0 9.0 0.3 4.3 12.0

Laugfs Gas LGL.N0000 M 29.60 6,178 387.0 11,455 15.96 1.85 822 1,061 1,291 2.13 2.74 3.34 (4) 29 13.9 10.8 8.9 1.5 5.1 13.3

Sample Sector (3) 22,624 1,666.6 29,634 13.57 1.31 1,977 4,261 5,843 1.19 2.56 3.51 (8) 116 15.0 7.0 5.1 8.7

Full Sector (8) 35,295 1.21 5.5

Telecommunications

Dialog Axiata DIAL.N0000 D 8.90 37,086 8,143.8 72,480 4.55 1.95 5,354 6,521 7,569 8,156 0.66 0.80 0.93 1.00 6 22 16 13.5 11.1 9.6 8.9 0.3 3.7 14.4

Sri Lanka Tel ecom SLTL.N0000 D 39.80 55,315 1,804.9 71,833 30.65 1.30 4,781 5,329 5,912 4,976 2.65 2.95 3.28 2.76 21 11 11 15.0 13.5 12.2 14.4 0.9 2.1 8.6

Sample Sector (2) 92,401 9,948.6 144,313 9.29 1.56 10,135 11,850 13,481 13,132 1.02 1.19 1.36 1.32 13 17 14 14.2 12.2 10.7 11.0 11.0

Full Sector (2) 144,313 1.56 10.9

Trading

Browns BRWN.N0000 M 97.80 15,058 70.9 6,932 212.47 0.46 1,164 240 240 16.43 3.39 3.39 (47) (79) 6.0 28.9 28.9 1.3 1.3 7.7

S in ge r S ri La nk a S IN S.N0000 D 93.00 4,812 125.2 11,644 38.43 2.42 1,266 1,138 985 10.11 9.09 7.87 90 (10) 9.2 10.2 11.8 6.0 6.5 26.3

Sample Sector (2) 19,870 196.1 18,576 101.33 0.93 2,431 1,378 1,225 12.40 7.03 6.25 (15) (43) 7.6 13.5 15.2 12.2

Full Sector (8) 23,482 0.99 12.0

Sam ple Market (70) 1,046,050 37,951.9 1,819,254 27.56 1.74 138,331 150,117 166,629 188,291 167,769 3.64 3.96 4.39 4.96 4.42 17 9 11 13 13.2 1 2.1 10.9 9.7 10.8 13.2

Total Market (284) 2,477,235 1.71 12.7

Book Val. Share

Cap.

Market

Cap.ROE

(%)

Trailing

DY (%)4Q

Trailing

4Q

Trailing

4Q

Trailing

Earnings EPS EPS Growth (%) PER


12/12


Softlogic Equity Research

Dimantha Mathew

[email protected]

+94 11 7277030

Kavindu Ranasinghe

[email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Softlogic Equity Sales

Dihan Dedigama

[email protected]

+94 11 7277010, +94 77 7689933

Sonali Abayasekera

[email protected]

+94 11 7277051, +94 77 7736059

Eardley Kern

[email protected]

+94 11 7277053, +94 77 7348018

Thanuja De Silva

[email protected]

+94 11 7277059, +94 77 3120018

Chandima Kariyawasam

[email protected]

+94 11 7277058, +94 77 7885778

Branches

HoranaMadushanka Rathnayaka

No. 212, 1st floor, Panadura road, Horana

[email protected]

+94 34 7451000, +94 77 3566465

NegomboKrishan Williams

No. 121, St. Joseph Street Negombo

[email protected]

+94 31 2224714-5, +94 77 3569827

KurunegalaBandula Lansakara

No.13, Rajapihilla Mawatha, Kurunegala

[email protected]

+94 37 2232875, +94 77 3615790

The report has been prepared by Softl ogic Stockbrokers (Pvt) Ltd. The inf ormati on and opinion s contain ed herein has been compil ed

or ar ri ved at based upon inf ormati on obtained fr om sources believed to be reliable and in good fai th. Such inf ormati on has not been

independently verif ied and no guaranty, representation or warr anty, express or impli ed is made as to its accuracy, completeness or

correctness. Al l such i nformation and opinions are subject to change without notice. This document is for information purposes only,

descri ptions of any company or companies or their securit ies menti oned herein are not int ended to be complete and this document is

not, and should not be construed as, an offer, or solicitat ion of an off er, to buy or sell any securiti es or other fi nancial instr uments.

Softlogi c Stockbrokers (Pvt) L td may, to the extent permi ssible by applicable law or regulati on, use the above materi al, conclu sions,

research or analysis in wh ich they are based before the materiali zed disseminated to their cu stomers. Not all customers wil l r eceive

the material at the same time. Softl ogic Stockbrokers, their respective directors, off icers, representati ves, employees, related persons

and/or Softl ogic Stockbrokers, may have a long or short position i n any of the securiti es or other fi nancial i nstruments mentioned or

issuers described herein at any ti me and may make a purchase and/or sale, or of fer to make a purchase and/or sale of any such

securi ties or other fi nancial i nstruments fr om time to time in the open market or otherwise, in each case either as pri ncipal or agent.

Softlogi c Stockbrok ers may make markets in securi ties or other finan cial in struments descri bed in th is publication , in securi ties of

issuers described here in or i n securiti es underl ying or related to such securi ties. Softl ogic Stockbrokers (Pvt) L td may have recently

underwr itten the securi ties of an issuer mentioned herein. This document may not be reproduced, distribu ted, or publ ished for any

purposes.

Weekly Plus - 2013 Issue 42 (17.10.2013)

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Transcript of Weekly Plus - 2013 Issue 42 (17.10.2013)