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08th August 2013

Volume 32

Weekly Review by Asia Wealth Management Research

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;

ASI Daily Closing

Market activities dry up amidst crossings being


witnessed on selected blue chips.
The Colombo Bourse ended the short week
witnessing both indices closing in the negative region.

Pg 02
Colombo Bourses Billion Rupee Club
Table below shows the members who have
qualified to be a part of Asia Wealth Researchs Billion Rupee
Club.
Pg 03

(ASI)
6,180
6,160
6,140
6,120
6,100
6,080
6,060
6,040
6,020
6,000
5,980
5,960

(LKR mn)
1,800

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

600
400
200

0
19- 23- 24- 25- 26- 29- 30- 31- 1- 2- 5- 6- 7- 8Jul Jul Jul Jul Jul Jul Jul Jul Aug Aug Aug Aug Aug Aug
Turnover

ASI closing

Market Statistics
Analysis of Various Warrants Listed on CSE
Commodity Prices

Pg 04
Pg 05

Policy Price
RatesMovements
may take a further dip in 3Q2013...
Major
Turnover levels at the Colombo bourse remained
below par during the week averaging......
Pg07

Major Price Movements


Company
Pc Pharma
Metropolitan Resource Holdings

All Share Index


S&P SL20 Index
Banking & Finance
Food & Beverage
Diversified
Hotels & Travels
Telecommunication
Manufacturing
Market Capitalisation (LKR bn)
(USD bn)
Turnover (LKR mn)
(USD mn)
Average Daily Turnover (LKR mn)
Volume (mn shares)
Foreign Purchases (LKR mn)
Foreign Sales(LKR mn)

08-Aug
6,151.92
3,470.16
13,084.35
21,055.63
1,937.81
3,241.33
161.98
3,060.13
2,367.50
17.99
1,830.60
13.91
457.60
91.20
929.70
567.30

02-Aug
6,155.82
3,490.57
13,203.76
20,427.07
1,966.05
3,320.99
159.46
3,064.30
2,369.00
18.00
4,005.80
30.43
801.20
157.50
1,066.52
2,068.17

% Chg.
-0.1
-0.6
-0.9
3.1
-1.4
-2.4
1.6
-0.1
-0.1
0.0
-54.3
-54.3
-42.9
-42.1
-12.8
-72.6

Large Trades
Price
1.3

+/-LKR
-0.3

+/- %
-18.8

Company
Pc House

Volume
23,810,052

22

-4.7

-17.6

Central Investment & Finance

7,251,237

58.1

-10.9

-15.8

Access Engineering

6,646,161

Pch Holdings

1.1

-0.2

-15.4

Textured Jersey Lanka

3,491,598

Nation Lanka Finance

7.5

-1.1

-12.8

Lanka Ioc

3,315,474

Bimputh Lanka Investments

20.6

1.5

7.9

Nation Lanka Finance

3,246,842

Textured Jersey Lanka

14.2

1.1

8.4

Pc Pharma

3,030,419

108.8

11.3

11.6

Panasian Power

2,580,908

2,250.5

261.5

13.1

Expolanka Holdings

2,441,533

329.8

42.8

14.9

Pch Holdings

1,988,206

Central Industries

Lake House Printers & Publishers


Nestle Lanka
J L Morison Sons & Jones

Weekly Review by Asia Wealth Management Research

08 August 2013

Highlights for the week


Market activities dry up amidst crossings being witnessed on selected blue chips.
The Colombo Bourse ended the short week witnessing both indices closing in the negative region. The ASI shed 3.1 points
WoW to close at 6,151.9 points (-0.1%), whilst the S&P SL20 Index dipped by 20.4 points WoW to close at 3,470.2 points
(-0.6%). Indices lost mainly on the back of losses made by Asian Hotels and Properties (-9.9%WoW), Carson
Cumberbatch (-3.6% WoW), National Development Bank (-5.0% WoW), John Keells Holdings (-0.4% WoW) and
Bukit Darah (-1.1% WoW).
Market activities were subdued during the week with the average daily turnover and volume reporting a WoW decline of
43.0% and 28.0% respectively. However, institutional and high net worth buying along with foreign interest on few
selected blue chips enhanced the weeks activities. Chevron Lubricants Lanka which witnessed few crossings at a price
of LKR 308.5, led the weeks turnover with a cumulative contribution of LKR 284.1mn. Further continued interest in John
Keells Holdings pushed the counter to reach a high of LKR 270.0 during the week, whilst the share ended the week on
WoW dip of 0.4% at LKR 265.0.
Moreover, amidst a tariff increase on alcohol, the demand inelastic nature of goods compelled investor interest on
Distilleries Company of Sri Lanka with the expectations of improved earnings along with the expectation of a dividends
payment during the month of August. Hence, the counter assisted by few crossings, ended the week with a WoW gain of
2.6% to end at LKR 195.10. In addition, Nestle Lanka that witnessed a crossing of 20k shares was amongst the weeks top
turnover contributors list, driven on anticipation with regard to higher future earnings, subsequent to the suspension of
distribution of one of its main competitors products due to health concerns.
Meanwhile Lanka IOC, which also encountered a crossing during the week, announced a dividend of LKR 1.0, being the
first dividend pay-out in its history, whilst it ended the week edging c.0.8% WoW at LKR 26.20.
Furthermore, PC House which encountered large trades on the normal board emerged as the top traded counter for the
week, followed by Central Investment and Finance, Access Engineering and Textured Jersey that encountered retail
and high net worth interest.
The week saw foreign purchases amounting to LKR929.7mn whilst foreign sales amounted to LKR567.3mn. Market
capitalisation stood at LKR 2,367.5bn, and the YTD performance is 9.0%.

A member of Asia Capital Group

08th August 2013

Weekly Review by Asia Wealth Management Research

Colombo Bourses Billion Rupee Club


Table below shows the 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

Price

JOHN KEELLS HOLDINGS


COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
NDB
DIALOG TELEKOM
CEYLON TOBACCO
HNB [V]
HNB [NV]
DISTILLERIES
BUKIT DARAH
SRI LANKA TELECOM
SAMPATH BANK
CARSON CUMBERBATCH
DFCC BANK
NESTLE LANKA
AITKEN SPENCE
PEOPLES LEASING
CENTRAL FINANCE
OVERSEAS REALTY
LANKA IOC
ASIAN HOTEL & PROPERTIES
CHEVRON LUBRICANTS
ACCESS ENGINEERING LIMITED
TAPROBANE HOLDINGS
SEYLAN BANK [V]
SEYLAN BANK [NV]
UNITED MOTORS
NATIONS TRUST BANK
CEYLON GUARDIAN
COLOMBO DOCKYARD
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
CEYLON COLD STORES
RICHARD PIERIS
LOLC
HAYLEYS
AIT. SPENCE HOTEL HOLD.
ASIRI SURGICAL
LB FINANCE
ROYAL CERAMICS
HEMAS HOLDINGS
CEYLON TEA SERVICES
DIPPED PRODUCTS
VALLIBEL ONE LIMITED
CEYLON INVESTMENT
CEYLON THEATRES
JOHN KEELLS HOTELS
COMMERCIAL LEASING & FINANCE
TRANS ASIA
LAUGFS GAS
LAUGFS GAS [NV]
EXPOLANKA HOLDINGS
LION BREWERY
TEXTURED JERSEY

265.00
119.10
95.00
160.50
8.70
1,201.00
152.50
111.00
195.10
690.00
41.00
195.90
400.00
131.00
2,250.50
122.20
14.60
182.00
17.90
26.20
70.00
313.00
21.30
4.70
61.90
34.30
113.00
63.00
180.00
220.00
1,219.80
400.00
166.20
6.90
54.50
302.00
70.00
10.40
114.00
94.00
33.00
620.20
113.50
17.00
85.90
140.10
13.20
3.90
74.80
28.10
22.00
6.80
360.00
14.20

Trailing
ROE
13.6%
17.9%
17.9%
37.6%
22.0%
222.7%
15.3%
15.3%
11.2%
15.8%
8.8%
17.1%
11.6%
12.5%
112.2%
11.6%
15.8%
18.9%
13.2%
22.3%
11.5%
52.8%
19.1%
77.3%
11.0%
11.0%
27.3%
19.9%
13.6%
19.5%
13.8%
13.8%
20.9%
23.9%
9.3%
8.3%
13.8%
50.6%
32.0%
19.9%
13.6%
18.1%
20.7%
4.5%
14.4%
8.7%
6.9%
13.6%
17.6%
16.4%
16.4%
11.7%
17.7%
17.7%

BVPS
104.8
62.4
62.4
139.2
4.8
19.5
128.2
128.2
164.6
312.2
31.1
166.7
176.7
106.1
57.2
69.1
12.2
153.6
26.6
24.5
49.0
37.8
12.5
4.0
57.3
57.3
109.6
43.9
179.1
141.5
537.6
537.6
96.5
4.1
42.0
299.5
38.4
6.5
76.9
75.8
23.6
395.7
114.3
28.6
88.7
72.2
11.2
1.2
30.3
16.8
16.8
4.6
73.9
8.8

3
A member of Asia Capital Group

Net Profit
12,201.1
9,462.2
9,462.2
8,624.1
8,536.4
8,152.0
7,814.9
7,814.9
5,519.7
5,042.4
4,960.0
4,773.4
4,013.8
3,523.2
3,446.1
3,266.8
3,045.0
3,041.1
2,954.5
2,908.8
2,494.3
2,396.4
2,382.2
2,258.4
2,165.5
2,165.5
2,012.9
2,011.5
2,002.4
1,983.4
1,960.3
1,960.3
1,915.7
1,902.7
1,862.6
1,855.0
1,782.0
1,738.4
1,702.7
1,670.4
1,657.7
1,435.0
1,417.9
1,403.5
1,258.8
1,149.7
1,121.0
1,068.2
1,065.7
1,060.8
1,060.8
1,060.7
1,045.9
1,016.6

Trailing
EPS
14.2
11.1
11.1
52.4
1.0
43.5
19.6
19.6
18.4
49.4
2.7
28.5
20.4
13.3
64.1
8.0
1.9
29.0
3.5
5.5
5.6
20.0
2.4
3.1
6.3
6.3
29.9
8.7
24.4
27.6
74.2
74.2
20.2
1.0
3.9
24.7
5.3
3.3
24.6
15.1
3.2
71.8
23.7
1.3
12.8
6.3
0.8
0.2
5.3
2.7
2.7
0.5
13.1
1.6

Trailing
PE

PBV

18.6
10.7
8.5
3.1
8.3
27.6
7.8
5.7
10.6
14.0
14.9
6.9
19.6
9.9
35.1
15.2
7.6
6.3
5.1
4.8
12.4
15.7
8.9
1.5
9.9
5.5
3.8
7.2
7.4
8.0
16.4
5.4
8.2
7.1
13.9
12.2
13.2
3.2
4.6
6.2
10.3
8.6
4.8
13.2
6.7
22.3
17.1
23.3
14.0
10.3
8.0
12.5
27.5
9.1

2.5
1.9
1.5
1.2
1.8
61.5
1.2
0.9
1.2
2.2
1.3
1.2
2.3
1.2
39.4
1.8
1.2
1.2
0.7
1.1
1.4
8.3
1.7
1.2
1.1
0.6
1.0
1.4
1.0
1.6
2.3
0.7
1.7
1.7
1.3
1.0
1.8
1.6
1.5
1.2
1.4
1.6
1.0
0.6
1.0
1.9
1.2
3.2
2.5
1.7
1.3
1.5
4.9
1.6

Mkt Cap
Mn
227,310.6
94,577.5
5,181.6
26,433.2
70,850.9
224,975.8
48,623.6
8,884.6
58,530.0
70,380.0
73,999.3
32,863.6
78,554.8
34,727.8
120,909.2
49,612.7
23,066.0
19,088.8
15,098.4
13,952.3
30,994.3
37,560.0
21,300.0
3,444.9
10,893.0
5,796.1
7,601.2
14,528.3
14,777.4
15,809.0
24,396.0
2,565.8
15,795.6
13,510.8
25,898.4
22,650.0
23,540.3
5,496.0
7,895.3
10,414.2
17,004.6
12,404.0
6,794.3
18,471.5
8,462.4
25,651.9
19,221.1
24,873.1
14,960.0
9,413.5
1,144.0
13,293.4
28,800.0
9,301.0

Weekly Review by Asia Wealth Management Research

08th August 2013

Analysis of Warrants Listed on the CSE


The below table depicts a comparison of the warrants trading price with its intrinsic value (derived through the Black
Scholes Call option valuation method). The 6th column to the right depicts the difference between the intrinsic value and
the traded price. Hence, the positive figures would explain the potential for the respective warrant to further appreciate.
(Price to be constant). However, it is noted that the intrinsic value is derived based on the current value of the underlying
stock price, its volatility, period to maturity and the risk free rate. Hence, any adverse movement of the mentioned
assumptions would have an adverse impact on the warrant value, and any favourable movement would positively impact
the warrant value (E.g.: if in case the asset price appreciates from the existing, it would invariably increase the value of the
warrant.Thus, the negative value would denote that the warrant is overvalued at the current price (assuming the underlying
stock.)

Exercise
price
CLPL-W-0013
CLPL-W-0014
GREG-W-0003
GREG-W-0006
REEF-W-0019

118.00
142.00
36.00
39.00
40.00

Share Price
(2013/08/02)
73.30
73.30
13.60
13.60
18.50

Expiry Date

Warrant Price
(2013/08/02)

25-Aug-14
25-Aug-15
24-Feb-14
24-Feb-15
15-Jun-15

2.20
2.30
0.80
1.60
2.10

4
A member of Asia Capital Group

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

Undervalued/
(Overvalued)
(2.20)
(2.30)
(0.80)
(1.60)
(2.10)

Weekly Review by Asia Wealth Management Research

08th August 2013

Commodity Prices
Date as at

Brent Crude Oil (USD/barrel)

19.07.13

26.07.13

02.08.13

08.08.13

WoW %
change

108.8

107.7

109.5

107.4

-1.9%

METALS
Gold (USD/ounce)

1,290.0

1,337.5

1,293.0

1,294.9

0.1%

Copper LME (USD/ton)

6,905.0

6,997.0

6,999.0

6,983.8

-0.2%

AGRI
Date as at
Tea LKR/Kg
Date as at
Rubber (RSS 1) LKR /Kg
Exchange Rates (LKR)
USD
EURO
STG (GBP)
YEN
YUAN (CNY)

17.07.13

22.07.13

445.17
18.07.13

449.47

444.02

23.07.13

390.00
19.07.13

31.07.13

01.08.13

415.00

402.75

26.07.13

131.62
172.69
200.50
1.31
21.43

02.08.13

131.65
174.79
202.58
1.33
21.46

131.65
173.95
199.06
1.32
21.48

08.08.13
446.65
08.08.13
390.00
08.08.13
131.65
175.65
204.06
1.36
21.52

WoW %
change
0.6%
WoW %
change
-3.2%
WoW %
change
1.0%
2.5%
3.0%
0.2%

Source: Bloomberg, AFP, Reuters, CBSL, RDDSL, Asia Siyaka

OIL
Oil prices witnessed a declining trend for the week primarily due to the appointment of the new reform minded Iranian
President which took place over the week. This augurs well for Iran which currently faces an oil embargo from the U.S
and would further decrease tensions in the gulf region. Contemporaneously, crude oil inventories in U.S dropped by 1.3
mn barrels from the previous week. Reflecting the easing of tensions in the Middle East, crude oil futures for September
delivery declined to $106.4/barrel.

5
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

08th August 2013

Commodity Prices
Gold
Gold prices rose marginally during the week on the expectation that a new report may indicate an increase in U.S Jobless
claims which may prompt the Federal Reserve to delay the tapering off of its bond purchasing program. However technical
analysts warn of a slump in the price of the yellow metal based on the moving-average technical analysis signal. Gold
futures traded on the Comex were little changed with the 3 months contract gaining less than 0.6% to end at
USD1,293/ounce.

Copper
Copper futures witnessed a pickup in activity for the week and rose to its highest levels in over 7 weeks. Three month
LME copper contracts rose by 2% on the back of Chinas better than expected trade performance for the month of July.
Exports out of China rose 5.1% YoY for the month of July compared with analyst expectations of 2% YoY growth.
Further, the Chinese authorities reiterated their commitment to maintaining the GDP growth target of 7.5% for 2013.
However, activities in the spot market were relatively muted as it awaited confirmation from data relating to Chinas
industrial output and inflation which is to be released at the end of the week.

Forex Markets
Analysts remain bullish on the prospects for the dollar index which has fallen to its lowest levels since June. Based on
technical indicators, futures and options traders on the greenback expect a rally in the index over the coming weeks. In
contrast the Japanese Yen dipped from a 7-week high against a basket of 16 peers as Japans trade surplus for the month of
July was narrower than what analysts had expected. The Australian Dollar surged to a one month high over the expectation
that the Central Bank will lower its benchmark interest rates as well as due to the improved trading activity in China.
Source: Bloomberg

6
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

08th August 2013

Conclusion
Policy Rates may take a further dip in 3Q2013...
Turnover levels at the Colombo bourse remained below par during the week averaging circa LKR 460mn, while the
bench mark index ASI was largely flat over the trading period. The Central Bank is expected to release its monetary
policy review for the month of August on the 16th (next week) on the backdrop of marginally increasing interbank
rates and Treasury bill rates. The foreign debt repayments of both public and private sector caused a tightening of
liquidity in the financial sphere which we believe is causing the interbank rates to edge up marginally. However, we
expect the monetary authority to hold policy rates at current levels (Repo at 7% & Reverse Repo at 9%) given that
adjustments that were already made to the monetary framework (reduction of the SRR from 8% to 6% and the 50
basis points cut in policy rates in May) are quite recent measures. Hence the monetary authority may take more time
before making further adjustments to the policy parameters.
On the other hand, credit growth to the private sector has declined sharply to 8.9% in 1H2013 while Central Bank
expects to achieve a private sector credit growth of circa 18% for the year. This is to say that further relaxation of
monetary stance could be expected during 3Q2013 given that the position of both gross official foreign reserves and
the deficit in the current account have improved notably during the year, whilst inflation rates have also been
improving. A further relaxation of monetary stance would benefit the trading activity of the Colombo bourse as lower
interest rates directly assist the trading activity of equities and hence may provide a life line to the ailing turnover
levels of the market.

7
A member of Asia Capital Group

08th August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Key Buys


35
33
31
29
27
25
23
21

Manufacturing
X LKR 21.40

LKR

Tokyo Cement
N LKR 26.90

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.

TKYO

LKR

23
22
21
20
19
18
17
16

TKYOX

Banking & Finance


X LKR 95.00

130
125
120
115
110
105
100
95
90

LKR

Commercial Bank
N LKR 119.10

Commercial Bank is the largest private sector commercial bank with an


asset base of LKR512.2 bn as at Dec 2012, and operates with above 550
ATM points, which is also the largest single network in the country.
With the expected drop in interest rates in the economy consequent to the
cut in policy rates and lifting of the credit ceiling that prevailed during
2012, coupled with the strong capital adequacies; the bank is expected to
continue its growth momentum. Therefore considering these factors we
rate COMB as a mid to longer term investment.

LKR

COMB

105
100
95
90
85
80
75
70
65

COMBX

8
A member of Asia Capital Group

08th August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...


180
170
160
150
140
130
120

Banking & Finance


X- LKR 111.00

LKR

Hatton National Bank


N-LKR 152.50

HNB is the second largest private commercial bank with a total asset
base of LKR459.4bn as at end 2012, and number one private bank in
terms of branches with a strong network of over 247. 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. With,
the expected drop in interest rates in the economy consequent to the cut
policy rates and lifting the credit ceiling that prevailed during 2012,
coupled with the strong capital adequacies; the bank is expected to
continue its growth momentum. Therefore considering these factors we
rate HNB as a mid to longer term investment.

HNB

140
LKR

130
120

110
100
90
80

HNBX

95
90
85
80
75
70
65
60
55

LKR

CIC Holdings
N LKR 60.00

Chemicals & Pharmaceuticals


X LKR 41.60

CIC is considered as the only seed to shelf agricultural company in Sri


Lanka.The Company also has foot prints in consumer and
pharmecuitical industries, Paints, Industrial raw material and Packaging.
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.

CIC

LKR

70
65
60
55
50
45
40

CICX

9
A member of Asia Capital Group

08th August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...


Banking & Finance

Sampath Bank
N LKR 195.90

Banking& Finance

The bank expects a moderate pace on branch expansions for 2013 as it


has achieved sufficient coverage while aggressively developing and
promoting electronic banking channels. As the pioneer in blending IT
with banking, the company will revamp its existing products and
innovate new customer focus products. The bank is well poised to take
advantage of the current economic developments taking place in the
country. The credit ceiling that existed during 2012, limited the growth
of LCBs, including Sampath bank. However, the removal of the ceiling
from 2013, and the anticipated drop in interest rates coupled with
SAMPs strong capital adequacies, would enable the bank to enter
another growth phase in its performance. Therefore considering these
factors we rate SAMP as a mid to longer term investment.

John Keells Holdings


N LKR 265.00

Diversified

The sustained performance of the group during FY13 inspite of its high
exposure to macro economic shocks is a testament to the firms
commitment towards value creation whilst maintaining a healthy
balance sheet.Going forward, with the growth in GDP, per capita
income and the increase in tourist arrivals we anticipate the consumer
retail and the leisure sector to perform admirably.

LKR

PLC
248
228
208
188
168
148
128
LKR

Largest specialized leasing company in Sri Lanka is a subsidiary of


Peoples Bank- the 2nd largest commercial bank inthe country, a
holding.Principal business activity of PLC is the provision of finance
leasing, operating leasing, HP facilities etc...During 2012 most of the
finance companies enjoyed much demand for loans, due to credit ceiling
imposed on LCBs. However the ceiling was lifted from the beginning
of 2013, yet we believe that the prjected decline in interest rates would
create more avenues for RFCs. PLC achieving the finance company
licenses, have opened opportunities to collect public deposits and
minimise cost of funds, where the company was earlier depending on
more borrowings. Going by these, we believe PLC is a medium to long
term healthy investment to consider.

17
16
15
14
13
12
11
10
9

SAMP

310
290
270
250
230
210
190
170
150
LKR

Peopless Leasing & Finance


N LKR 14.60

JKH

Leasing and Hire Purchase business. Company is operating with a


total asset base of LKR 54bn as at Mar 2013, and an island wide
branch net work of 89. With satisfactory liquidity levels and capital
adequacies, company is poised to take advantage in any growth in
credit demand.The projected decline in interest rates in the economy
and rising demand for credit is to provide many opportunities for these
business models. Further company would stay ahead of other finance
companies consequent to its strong fundamentals, high interest
margins, high ROE etc...Therefore we rate LFIN as a worthwhile
investment with a time span of medium to long term.

180
170
160
150
140
130
120
110
100
LKR

LB Finance
Banking & Finance
N LKR 114.00
.0 Finance is a leading registered finance company engaged in
LB

LFIN

10
A member of Asia Capital Group

08th August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...


Manufacturing

7.5
LKR

Piramal Glass
N LKR 5.80

6.5

The company is the sole glass manufacture in Sri Lanka who supplies
glasscontainers to thefood and beverages, cosmetics, perfumery and the
pharmaceutical sectors. The company at present virtually holds a
monopolistic position in the Local market with an approximately 97%
market share. Further, with their state of the art manufacturing plant in
Horana, coupled with the growing demand derived from the rapid
developments taking place within the Sri Lankan economy, the
company is likely to deliver better returns to its shareholders.

6
5.5
5
4.5

GLAS

Diversified
145
140
135
130
125
120
115
110
105
100

LKR

Aitken Spence
N LKR 122.20

Aitken Spence, after an illustrious tenure of over 100+ years of


operations in Sri Lanka is today one of the most-recognized brand
names in Sri Lanka. Led by a competent management team, the group
has made successful investments into a number of key sectors of the
Sri Lankan economy, including Tourism, Logistics, power generation
and inward money transfer operations. The firm has consistently
recorded a growth in operating profit from core operations and has
maintained a high ROE resulting in value creation to shareholders.

SPEN

Construction

24

LKR

Access Engineering
N LKR 21.30

22

Access Engineering (AEL) is a total solutions provider in the


construction industry with activities ranging from engineering designs,
geotechnical services, piling and horizontal drilling. The firm is the
premiere choice for large & specialized construction activities such as
roads & highways, ports & marine, water & waste management, whilse
its clientele includes government entities such as the Road Development
Authority (RDA), Urban Development Authority (UDA) and Board of
Investments (BOI) as well as private sector firms such as Dialog Axiata,
Taisei Corporation etc.. The firm is well poised to capitalize on the
construction boom taking place in the Island with its proven track
record.

20
18
16
14

AEL

11
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

08th August 2013

Stock Exchange Announcements


As at 08th August 2013
Dividends announcements

Company

Dividend
Per share
(LKR)

Description

XD Date

Payment
Date

Kelani Cables PLC

1.50

Interim

31-07-2013

12-08-2013

Carson Cumberbatch PLC

2.00

First & Final

01-08-2013

12-08-2013

Ceylon Tea Services PLC

10.00

Final

01-08-2013

12-08-2013

Vidullanka PLC

0.05

Final

01-08-2013

12-08-2013

Central Industries PLC

3.00

Final

05-08-2013

14-08-2013

Ceylon Leather Products PLC

1.00

First & Final

05-08-2013

14-08-2013

Kelani Tyres PLC

1.65

Interim (Gross)

05-08-2013

15-08-2013

Colombo Fort Investments PLC

1.00

First & Final

06-08-2013

15-08-2013

Merchant Bank of Sri Lanka PLC

0.50

First & Final

06-08-2013

15-08-2013

Associated Motor Finance Company

10.00

Final (Subject to 10% Dividend tax)

08-08-2013

21-08-2013

Tokyo Cement Company PLC

1.00

First & Final (Voting & Non Voting)

12-08-2013

21-08-2013

Lanka Walltiles PLC

2.00

Second Interim

12-08-2013

22-08-2013

Ceylon Tobacco Company PLC

15.00

Second Interim (Less Withholding tax)

14-08-2013

23-08-2013

Access Engineering PLC

0.25

Final

14-08-2013

26-08-2013

Kandy Hotels Company PLC

0.02

Final

02-09-2013

10-09-2013

Dankotuwa Porcelain PLC

0.40

Final

12-09-2013

20-09-2013

Renuka Agri Foods PLC

0.10

Final

26-09-2013

04-10-2013

Lanka Ventures PLC

1.0

Final

24-09-2013

02-10-2013

Elpitiya Plantations PLC

0.50

First & Final

27-09-2013

07-10-2013

Colonial Motors PLC

3.00

To be Notified

Orient Finance PLC

0.20

First & Final


First & Final (The dividend is subject to
tax)

Chilaw Finance PLC

0.50

First & Final

To be Notified

12
A member of Asia Capital Group

To be Notified

08th August 2013

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements Contd...


Rights issues
Company

Proportion / Issue Price

Pelwatte Sugar

01 for 04 @ LKR18.00

The Kingsbury Plc

03 for 08 @ LKR 10.00

XR date

Last Date Of
Acceptance &
Payment

Trading of rights
Commences on

* Rights issue would be delayed until the outcome of the


proposed Act with regard to acquisition of its land by the
State is known.

15-08-2013

03-09-2013

26-08-2013

Capitalization of reserves
Company
Tokyo Cement ( Voting &non voting)

Proportion
1 for 10

XC Date
12-08-2013

13
A member of Asia Capital Group

Consideration price
LKR 17.35

Weekly Review by Asia Wealth Research

08 August 2013

Valuation Guide
Company

YE SH M.CAP Price
(mn) (Bn)

Earnings(LKR Mn)
FY10

FY11

FY12

FY13

EPS
FY14E FY10 FY11 FY12

PE
FY13 FY14E FY10 FY11 FY12 FY13

FY14E

DPS

DY

ROE

BVPS

PBV

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

Dec
Dec
Dec
Dec
Dec
Dec

318.84
80.04
794.10
54.54
167.76
164.69

48.6
8.9
94.6
5.2
32.9
26.4

152.50
111.00
119.10
95.00
195.90
160.50

4,786.8
4,786.8
5,508.0
5,508.0
3,484.5
2,102.6

6,148.8
6,148.8
8,094.7
8,094.7
4,150.6
2,705.5

8,111.0
8,111.0
10,079.8
10,079.8
5,342.6
8,853.8

10,003.5
10,003.5
10,179.2
10,179.2
5,759.8
3,997.5

11,625.6
11,625.6
12,351.5
12,351.5
7,026.0
4,973.1

12.0
12.0
6.5
6.5
20.8
12.8

15.4
15.4
9.5
9.5
24.7
16.4

20.3
20.3
11.9
11.9
31.8
53.8

25.1
25.1
12.0
12.0
34.3
24.3

29.1
29.1
14.6
14.6
41.9
30.2

12.7
9.2
18.4
14.6
9.4
12.6

9.9
7.2
12.5
10.0
7.9
9.8

7.5
5.5
10.0
8.0
6.2
3.0

6.1
4.4
9.9
7.9
5.7
6.6

5.2
3.8
8.2
6.5
4.7
5.3

8.50
8.50
6.50
6.50
6.00
15.00

5.6%
7.7%
5.5%
6.8%
3.1%
9.3%

16%
16%
19%
19%
20%
36%

129.4
129.4
62.4
62.4
162.2
151.1

1.2
0.9
1.9
1.5
1.2
1.1

CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.

Mar
Mar

857.78
406.00

227.3
49.6

265.00
122.20

5,201.5 8,245.6
2,059.6 2,536.0

9,775.0
3,709.2

12,201.1
3,266.8

12,425.0
5,089.4

6.1
5.1

9.6
6.2

11.4
9.1

14.2
8.0

14.5
12.5

43.7
24.1

27.6
19.6

23.3
13.4

18.6
15.2

18.3
9.7

3.50
1.50

1.3%
1.2%

14%
12%

104.7
69.1

2.5
1.8

FOOD & BEVERAGE


Distilleries
Ceylon Tobacco

Mar
Dec

300.00
187.32

58.5 195.10
225.0 1201.00

2,135.7 8,124.0
5,097.1 6,568.8

5,675.4
8,176.7

5,519.7
8,097.4

8,918.3
8,083.5

7.1
27.2

27.1
35.1

18.9
43.7

18.4
43.2

29.7
43.2

27.4
44.1

7.2
34.2

10.3
27.5

10.6
27.8

6.6
27.8

45

0.0%
3.8%

11%
239%

164.6
18.2

1.2
65.9

TOURISM
Asian Hotels & Properties
Aitken Spence Hotel

Mar
Mar

442.78
336.29

31.0
23.5

70.00
70.00

629.8 1,774.5
523.8 1,034.1

2,150.6
1,395.3

2,494.3
1,782.1

2,617.7
1,747.0

1.4
1.6

4.0
3.1

4.9
4.1

5.6
5.3

5.9
5.2

52.7
44.9

18.7
22.8

14.4
16.9

12.4
13.2

11.8
13.5

4.00
1.00

5.7%
0.0%

11%
14%

49.0
38.4

1.4
1.8

MANUFACTURING
Chevron Lubricants
Tokyo (V)
Tokyo (NV)
Piramal Glass
Textured Jersey

Dec
Mar
Mar
Mar
Mar

120.00
202.50
101.25
950.09
655.00

37.6
5.4
2.2
5.5
9.3

313.00
26.90
21.40
5.80
14.20

1,501.3 2,000.6
369.3
855.7
369.3
855.7
(61.1)
578.7
577.0
685.0

2,257.3
973.2
973.2
686.4
629.0

2,583.5
827.9
827.9
724.4
1,016.0

2,678.2
1,505.0
1,505.0
948.2
1,097.0

12.5
1.2
1.2
(0.1)
0.9

16.7
2.8
2.8
0.6
1.0

18.8
3.2
3.2
0.7
1.0

21.5
2.7
2.7
0.9
1.6

22.3
5.0
5.0
1.0
1.7

25.0
22.1
17.6
N/A
N/A

18.8
9.5
7.6
9.5
N/A

16.6
8.4
6.7
8.0
14.8

14.5
9.9
7.9
6.2
9.2

14.0
5.4
4.3
5.8
8.5

11.00

3.5%

1.00
1.00
0.38
1.24

3.7%
4.7%
6.6%
8.7%

55%
12%
12%
20%
16%

34.4
22.1
22.1
3.8
9.4

9.1
1.2
1.0
1.5
1.5

CONSTRUCTION
Access Engineering

Mar

1000.0

21.3

21.30

808.0

962.0

1733.00

2382.00

2613.00

0.8

1.0

1.7

2.4

2.6

N/A

N/A

12.3

8.9

8.2

0.50

0.1%

19%

12.5

1.7

CHEMICAL &
PHARMACEUTICAL
CIC Holdings (V)
CIC Holdings (NV)

Mar
Mar

72.90
21.87

4,374.0
909.8

60.00
41.60

589.6
589.6

926.6
926.6

916.5
916.5

230.9
230.9

1,405.2
1,405.2

6.2
6.2

9.8
9.8

9.7
9.7

2.4
2.4

14.8
14.8

9.6
6.7

6.1
4.3

6.2
4.3

24.6
17.1

4.0
2.8

1.63
1.63

2.7%
3.9%

3%
3%

81.9
81.9

0.7
0.5

POWER & ENERGY


Laugfs Gas (Voting)
Laugfs Gas (Non voting)

Mar
Mar

335.00
52.00

9.4
1.1

28.10
22.00

243.1
243.1

852.7
852.7

930.3
930.3

1,060.8
1,060.8

1,299.2
1,299.2

0.6
0.6

2.2
2.2

2.4
2.4

2.7
2.7

3.4
3.4

44.7
35.0

12.8
10.0

11.7
9.2

10.3
8.0

8.4
6.6

1.50
1.50

5.3%
6.8%

16%
16%

19.4
17.5

1.5
1.3

*Companies with their financial year ending in December would carry forecasted figure for FY13.

14
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

08 August 2013

Broad Market
Company

Year
End

MARKET
FINANCIAL SERVICES
Banking
COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
DFCC BANK
HNB [V]
HNB [NV]
NATIONS TRUST BANK
NDB
PAN ASIA BANK
SAMPATH BANK
SEYLAN BANK [V]
SEYLAN BANK [NV]
HDFC
UNION BANK
Finance Co.s & / Merchant Banks
ASIA CAPITAL
ALLIANCE FINANCE
ARPICO FINANCE
CENTRAL FINANCE
NATION LANKA
LOLC
LB FINANCE
MERCHANT BANK
PEOPLE'S MERCHANT
SMB LEASING PLC [V]
SMB LEASING PLC [NV]
THE FINANCE
THE FINANCE[NV]
SOFTLOGIC FINANCE
VALLIBEL FINANCE
SINHAPUTRA
SINGER FINANCE
BIMPUTH LANKA INVESTMENTS
TRADE FINANCE

Price
(LKR) 1W(%)

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

(0.06)
(0.90)

2.61
(0.07)

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

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB

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

119.10
95.00
131.00
152.50
111.00
63.00
160.50
17.80
195.90
61.90
34.30
36.50
17.30

(0.50)
(2.06)
1.40
0.46
(0.09)
(1.41)
(5.27)
(1.12)
(2.20)
(1.29)
(2.54)
(3.42)
(3.91)

4.85
1.93
0.62
(3.54)
(1.86)
(2.92)
(0.12)
(2.22)
1.98
(1.93)
(1.71)
(2.65)
6.17

ACAPN
ALLIN
ARPIN
CFINN
CSF N
LOLCN
LFINN
MBSLN
PMB N
SEMBN
SEMBX
TFC N
TFC X
CRL N
VFINN
SFL N
SFINN
BLI N
TFILN

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

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

21.00 (4.98)
900.40
0.44
100.00
1.01
182.00 (0.22)
7.50 (13.79)
54.50 (2.68)
114.00 (1.64)
15.60 (1.25)
12.70 (3.79)
0.80
0.30
12.50 (2.33)
4.00 (2.44)
27.50 (1.08)
29.80 (6.45)
81.60 (0.61)
12.40 (2.42)
20.60
8.60
14.40 (3.45)

(17.65)
(7.13)
5.04
(0.22)
(17.58)
(5.22)
(9.44)
(1.86)
(8.63)
14.29
(1.56)
(4.76)
(11.29)
(3.65)
11.63
(2.42)
1.00
3.70

(0.94)
(7.00)

1Y(%)

Shares Trailing
Mn
ROE

25.81
26.73

13.22%
15.73%

0.25
22.05
(2.06)
23.38
(13.49)
18.91
(10.82)
15.36
(12.19)
21.87
(1.71)
34.54
(10.11)
44.49
(21.08)
4.14
(13.26)
25.38
(14.08)
17.08
(13.97)
33.20
(20.91) (29.42)
(8.99)
33.33
(26.57)
7.83
(4.42)
(25.00)
(5.55)
(16.84)
(17.28)
(12.41)
(11.11)
(40.00)
(25.44)
(29.82)
(4.84)
(9.09)
6.25
(18.79)
(12.17)
(0.71)

(32.48)
55.94
19.05
37.68
40.10
(3.31)
(27.19)
(20.00)
(41.12)
(16.67)
(9.54)
(0.34)
13.18
2.54
(3.81)
25.00

15
A member of Asia Capital Group

794.10
54.54
265.10
318.84
80.04
230.61
164.69
295.04
167.76
175.98
168.98
64.71
349.25
110.00
2.43
4.46
104.88
249.95
475.20
69.26
135.00
67.50
1191.77
614.07
57.97
100.00
37.45
41.55
6.30
165.33
26.93
56.80

17.87%
17.87%
12.52%
15.29%
15.29%
19.89%
37.62%
18.73%
17.07%
10.95%
10.95%
1.48%
3.34%
13.68%
na
26.65%
15.95%
18.88%
na
9.33%
31.95%
1.44%
na
7.87%
7.87%
na
na
12.66%
31.21%
8.76%
12.41%
8.95%
19.33%

BVPS

62.41
62.41
106.14
128.17
128.17
43.85
139.21
13.86
166.66
57.32
57.32
37.54
14.31
7.21
826.66
97.64
153.59
1.85
42.01
76.94
21.50
12.40
0.52
0.52
-34.41
-34.41
32.23
22.56
128.72
11.47
12.81
11.86

Net Profits
4 Qtrs
trailing

Mar13

Dec12

197,090.60 53,026.05
68,426.88 12,335.75
39,343.47 7,566.77
9,462.15 2,256.05
9,462.15 2,256.05
3,523.25 1,226.63
7,814.90 1,262.19
7,814.90 1,262.19
2,011.46
501.93
8,624.13
506.89
765.86
151.45
4,773.44 1,055.90
2,165.54
509.51
2,165.54
509.51
36.00
38.43
166.73
57.79
16,200.61 3,363.04
(627.32) (240.79)
535.34
150.45
69.49
20.94
3,041.11
703.25
(173.82)
5.64
1,862.55
171.58
1,702.67
466.10
41.79
(2.29)
(89.27)
(25.71)
74.51
17.77
74.51
17.77
(1,611.16) (349.08)
(1,611.16) (349.08)
152.87
64.76
292.52
91.26
71.00
13.99
235.42
57.03
30.86
26.70
130.20
30.58

64,311.55
29,068.30
15,680.20
2,433.00
2,433.00
795.10
3,168.72
3,168.72
455.50
6,797.20
259.38
1,313.80
454.56
454.56
(7.80)
10.74
3,187.29
(101.30)
147.63
20.00
756.28
2.03
513.84
442.40
6.92
(27.97)
19.00
19.00
(510.40)
(510.40)
32.78
72.60
15.30
63.04
1.23
27.88

Net Profits (mn)


Sep12
Jun12
48,205.01
13,656.25
7,943.94
2,303.20
2,303.20
819.13
1,676.38
1,676.38
566.53
678.77
195.40
1,044.53
589.19
589.19
0.01
70.79
5,095.89
(145.25)
144.21
10.38
796.33
(81.05)
605.22
429.15
30.48
1.28
27.83
27.83
(357.76)
(357.76)
55.33
66.92
31.19
61.19
3.94
71.12

32,257.34
11,514.28
8,152.55
2,469.90
2,469.90
682.38
1,707.60
1,707.60
487.50
641.28
159.63
1,359.21
612.27
612.27
5.36
27.42
2,651.62
(139.98)
110.77
18.18
785.24
(100.43)
656.84
432.96
6.67
(36.87)
9.91
9.91
(393.92)
(393.92)
61.74
59.43

Trailing Trailing
EPS
PE

PBV Market Cap


(mn)

12.01
9.23

1.59 2,367,495.40
1.45

11.15
11.15
13.29
19.59
19.59
8.72
52.36
2.60
28.45
6.28
6.28
0.56
0.48

10.7
8.5
9.9
7.8
5.7
7.2
3.1
6.9
6.9
9.9
5.5
65.6
36.2

1.9
1.5
1.2
1.2
0.9
1.4
1.2
1.3
1.2
1.1
0.6
1.0
1.2

94,577.45
5,181.61
34,727.80
48,623.64
8,884.56
14,528.26
26,433.23
5,251.73
32,863.60
10,893.00
5,796.12
2,361.93
6,042.03

na
220.31
15.57
29.00
na
3.92
24.58
0.31
na
0.04
0.04
na
na
4.08
7.04
11.28
1.42
1.15
2.29

na
4.1
6.4
6.3
na
13.9
4.6
50.4
na
19.4
7.3
na
na
6.7
4.2
7.2
8.7
18.0
6.3

2.9
1.1
1.0
1.2
4.1
1.3
1.5
0.7
1.0
1.5
0.6
-0.4
-0.1
0.9
1.3
0.6
1.1
1.6
1.2

2,310.00
2,187.97
446.25
19,088.77
1,874.64
25,898.40
7,895.31
2,106.00
857.25
953.41
184.22
724.58
400.00
1,029.98
1,238.21
513.74
2,050.13
554.83
817.93

Weekly Review by Asia Wealth Research

Company
CITIZENS DEVELOP. BUS.FINANCE
CITIZENS DEVELOP.BUS.FINANCE [NV]
SENKADAGALA FINANCE
SWARNAMAHAL FINANCE
CHILAW FINANCE LIMITED
COMMERCIAL CREDIT LIMITED
MERCANTILE INVESTMENTS
MULTI FINANCE
LANKA ORIX FINANCE
ABANS FINANCIAL SERVICES
CENTRAL INV & FINPLC
ASSOCIATED MOTOR FINANCE PLC
CAPITAL ALLIANCE FINANCE LIMITED
NANDA INVESTMENTS AND FINANCE
SOFTLOGIC CAPITAL LIMITED
ENTRUST
PEOPLES LEASING
ASIA ASSET FINANCE LIMITED
ORIENT FINANCIAL SERVICE
SANASA DEVELOPMENT BANK
COMMERCIAL LEASING & FINANCE
GEORGE STEUART FINANCE
Insurance
AMANA TAKAFUL INS.
ASIAN ALLIANCE
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
AIA INSURANCE LANKA
HNB ASSURANCE
UNION ASSURANCE
JANASHAKTHI
Venture Capital Co.s
NDB CAPITAL
FIRST CAPITAL
LANKA VENTURES

CDB N
CDB X
SFCLN
SFS N
CFL N
COCRN
MERCN
MFL N
LOFCN
AFSLN
CIFLN
AMF N
CALFN
NIFLN
SCAPN
ESL N
PLC N
AAF N
ORINN
SDB N
CLC N
GSF N

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

Year
End
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M

ATL N
AAICN
CINSN
CINSX
CTCEN
HASUN
UAL N
JINSN

DiriSaviB
DiriSaviB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

D
D
D
D
D
D
D
D

1.50
96.10
1219.80
400.00
311.10
50.00
97.00
14.10

(7.24)
(2.42)
(4.76)
1.97
(1.57)
3.97
(0.71)

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

487.00
18.20
36.90

0.21
(3.19)
5.43

43.00
35.00
50.00
1.70
13.90
12.40
2200.00
19.00
2.90
33.00
1.00
352.10
17.50
8.70
5.30
20.40
14.60
2.00
14.90
86.10
3.90
598.80

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.18 (2.05)
27.22
(2.51)
7.36
25.00
- 150.00
(5.56)
(19.05) (48.48) (70.18)
(1.43)
11.29
13.11 (8.00)
(0.80)
(1.59) (8.15) (12.06)
(5.10)
(5.58) (36.08) (15.84)
(3.33)
- (14.71) (12.12)
2.81
2.49 (10.35) (13.19)
(31.25) (57.69) (71.79)
(9.49)
(8.55) (8.55)
0.60
(3.37)
- (21.10) (43.42)
2.35
19.18
55.36
1.92
(7.02) (23.19) (7.02)
(7.27)
(1.92) (2.86)
4.62
1.40
(1.36) (3.97)
38.10
(5.00) (24.00) (26.92)
2.76
5.67 (2.61) (19.02)
6.17
18.60
7.63
2.62
(2.50) (17.02)
25.81
(6.44) (9.27)
-

- (6.25)
(3.90)
3.00
6.37
13.33
2.83
6.67
0.35 (1.33)
(4.76) (7.41)
(1.02) (11.01)
3.70
12.00
4.71
4.00
5.43

2.53
23.81
5.13

(6.25)
20.13
74.23
36.29
14.80
24.38
13.98
44.33
74.93
85.71
27.24

16
A member of Asia Capital Group

Shares
Mn
46.30
8.01
53.37
500.00
33.90
238.07
3.01
22.46
2800.00
37.00
83.43
5.61
38.77
100.72
299.20
33.00
1579.86
559.47
115.63
25.18
6377.71
22.50

Trailing BVPS
ROE
17.80%
55.32
17.80%
55.32
36.69%
29.49
9.24%
0.92
9.97%
10.08
48.74%
6.12
11.05% 1898.30
na
16.65
12.65%
1.94
8.34%
12.01
na
4.48
24.43% 111.35
2.47%
8.10
5.46%
5.29
na
5.90
18.49%
22.43
15.83%
12.18
9.98%
1.33
21.05%
6.92
9.77% 149.38
13.63%
1.23
5.95%
14.87

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

13.31%
7.17%
13.80%
13.80%
18.24%
20.74%
23.77%
30.24%

0.99
45.24
537.64
537.64
136.93
35.79
46.50
8.85

32.90 135.22%
101.25 21.46%
50.00 17.56%

158.25
18.73
20.73

08 August 2013

Net Profit
4Qtrs
534.77
534.77
577.42
42.47
34.09
710.10
630.79
(78.86)
686.28
37.03
(330.44)
152.54
7.76
29.09
(225.76)
136.85
3,045.00
73.99
168.48
367.29
1,068.23
19.89

Mar'13
143.80
143.80
184.40
1.10
12.80
313.20
169.90
(54.70)
171.60
13.70
(182.64)
39.80
(2.10)
8.70
(65.80)
42.00
1,006.00
18.20
41.00
117.10
199.80
(17.00)

Dec'12
169.97
169.97
156.48
21.26
8.87
126.58
157.79
(10.48)
62.77
4.46
(117.04)
38.95
4.11
9.95
12.34
38.30
534.00
19.79
38.85
73.18
273.73
10.37

5,252.78
131.50
121.60
1,960.30
1,960.30
749.10
371.11
947.47
971.70
7,630.02
7,041.20
406.85
181.97

788.20
33.20
36.20
326.60
326.60
32.00
50.10
111.40
198.70
617.74
337.37
220.35
60.02

3,629.66
70.86
138.81
1,364.04
1,364.04
514.02
211.26
698.56
632.13
6,571.15
6,439.40
79.51
52.24

Net
Sep'12
148.50
148.50
178.10
71.65
12.42
270.32
416.78
(13.68)
543.10
27.55
(31.16)
37.07
5.77
12.26
(172.30)
56.55
806.00
36.00
88.62
65.36
594.70
15.12

Profits
Jun'12
97.04
97.04
136.29

394.71
10.36

490.68
17.08
(25.82)
109.16
109.16
99.99
54.89
71.61
163.77
219.43
145.90
33.95
39.59

160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13

0.41
36.73
5.99

710.00

111.65

Trailing Trailing PBV Mkt Cap Mn


EPS
PE
9.85
4.4
0.8
1,990.87
9.85
3.6
0.6
280.21
10.82
4.6
1.7
2,668.40
0.08
20.0
1.8
850.00
1.01
13.8
1.4
471.23
2.98
4.2
2.0
2,952.12
209.84
10.5
1.2
6,613.20
1.12
na
1.1
426.78
0.25
11.8
1.5
8,120.00
1.00
33.0
2.7
1,221.00
0.00
na
0.2
83.43
27.20
12.9
3.2
1,974.70
0.20
87.4
2.2
678.41
0.29
30.1
1.6
876.24
-0.93
na
0.9
1,585.76
4.15
4.9
0.9
673.20
1.93
7.6
1.2
23,065.99
0.13
15.1
1.5
1,118.94
1.46
10.2
2.2
1,722.81
14.59
5.9
0.6
2,167.60
0.17
23.3
3.2
24,873.07
0.88
677.2 40.27
13,473.00

0.13
2.11
74.21
74.21
24.97
7.42
11.05
2.68

11.8
45.4
16.4
5.4
12.5
6.7
8.8
5.3

1.5
2.1
2.3
0.7
2.3
1.4
2.1
1.6

1,500.00
3,603.75
24,396.00
2,565.79
9,333.00
2,500.00
8,314.29
5,118.30

213.99
4.02
3.64

2.3
4.5
10.1

3.1
1.0
1.8

16,024.70
1,842.75
1,845.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
3.08
10.91
21.45
59.91
(3.29)
0.37 (10.17)
4.00
2.89
(2.44)
12.76
(3.29)
(9.73)
9.07
92.36
(2.24)
0.73
36.23
(3.09)
(4.58) (6.03) (4.58)
0.08
21.31
45.58
71.79
(2.16) (20.26) (64.09)
(2.42)
0.63 (12.97) (56.25)
(6.70)
(2.50) (11.36)
28.29
2.47
2.58
7.92
63.10
4.99 (0.50) (8.69)
(1.52)
(1.22) (8.45) (3.85)
6.74
11.59
15.80
53.44
0.61
(8.18) (1.97)
76.50
1.74
(1.76)
2.63
30.00
13.19
15.62
20.72
83.49
(4.48)
(8.58) (27.29) (32.48)
2.56
- (13.04) (4.76)
0.23
(12.60) (15.15)
8.71
(4.35)
(4.35) (15.38) (12.00)
(0.90) (17.91) (12.70)

BEVERAGE FOOD AND TOBACCO


BAIRAHA FARMS
CARGILLS
CEYLON BREWERY
CEYLON COLD STORES
CEYLON TEA SERVICES
CEYLON TOBACCO
RENUKA SHAW WALLACE (N)
RENUKA SHAW WALLACE [NV]
CONVENIENCE FOOD
DISTILLERIES
HARISCHANDRA MILLS
KEELLS FOOD PRODUCTS
KOTMALE HOLDINGS
LION BREWERY
LANKA MILK FOODS
NESTLE LANKA
THREE ACRE FARMS
RENUKA AGRI
TEA SMALLHOLDERS
RAIGAM WAYAMBA SALTERNS LTD
HVA FOODS

BFL N
CARGN
BREWN
CCS N
CTEAN
CTC N
COCON
COCOX
SOY N
DISTN
HARIN
KFP N
LAMBN
LIONN
LMF N
NESTN
TAFLN
RAL N
TSMLN
RWSLN
HVA N

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

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

CHEMICALS & PHARMACEUTICALS


CHEMANEX
CHEMICAL INDUSTRIES [V]
CHEMICAL INDUSTRIES [NV]
HAYCARB
INDUSTRIAL ASPHALTS
J.L. MORISON [V]
J.L. MORISON [NV]
LANKEM CEYLON
SINGALANKA
MULLERS
UNION CHEMICALS
PC PHARMA

CHMXN
CIC N
CIC X
HAYCN
ASPHN
MORIN
MORIX
LCEYN
SINGN
MULLN
UCARN
PCP N

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

M
M
M
M
M
M
M
M
M
M
D

1.08
70.10 (6.41)
60.00
1.69
41.60 (3.70)
198.00
0.51
210.00
329.80
14.95
210.00
140.00 (0.71)
56.20 (4.74)
1.40
438.80 (1.72)
1.30 (18.75)

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

220.00
5.40
28.80
21.30

135.60
160.00
529.00
166.20
620.20
1201.00
18.10
16.10
195.00
195.10
2100.00
65.00
49.10
360.00
117.00
2,250.50
34.00
4.00
43.70
2.40
11.00

2.12
0.74
(6.90)
(1.37)
3.90

Shares Trailing
Mn
ROE
21.38%
16.00 9.35%
224.00 7.44%
20.99 17.24%
95.04 20.88%
20.00 18.13%
187.32 222.73%
89.77 3.34%
4.77 3.34%
2.75 25.53%
300.00 11.18%
0.96 10.78%
25.50 5.35%
31.40 15.68%
80.00 17.70%
40.00 4.55%
53.73 112.20%
23.55
na
561.75 10.09%
30.00 10.63%
282.21 4.56%
66.43 7.63%

2.60
(7.76)
(17.81)
(24.36)
31.91
(29.88)
99.88
79.49
11.11
(6.48)
(12.50)
(12.59)
(88.18)

2.15 (2.69)
23.81
(0.64) (6.94)
16.83
(11.48) (23.94) (15.63)
(3.04)
8.30
10.38
5.45 (0.47)
33.13

(4.35)
(10.13)
(3.23)
(9.57)
(0.85)
3.30
(7.36)
0.19
(3.45)
(6.17)
(12.24)
(50.00)

(4.66)
(17.53)
(11.76)
(10.92)
6.85
(17.00)
69.13
90.56
(12.50)
(24.02)
(12.50)
(12.94)
(78.33)

17
A member of Asia Capital Group

BVPS

08 August 2013

106.11
34.64
146.27
96.54
395.67
19.54
23.69
23.69
132.29
164.60
992.94
62.65
23.80
73.88
218.34
57.17
32.82
3.32
26.86
2.72
7.68

Net Profit
4Qtrs
23,735.40
158.793
577.54
529.15
1,915.72
1,435.05
8,152.00
74.92
74.92
92.87
5,519.70
102.75
85.55
117.19
1,045.91
397.47
3,446.13
(263.03)
188.04
85.66
35.06
38.94

Mar'13
5,857.07
84.62
123.48
110.55
1,422.92
319.97
1,463.00
(83.02)
(83.02)
62.94
968.45
31.27
27.48
38.58
232.28
82.56
914.02
21.75
(11.70)
29.62
7.42
10.87

Dec'12
5,449.31
5.63
127.20
98.37
62.51
231.42
1,984.00
31.31
31.31
26.20
1,472.85
29.66
37.87
35.16
185.68
188.58
949.80
(33.67)
6.06
1.50
5.70
3.49

Net
Sep'12
6,377.65
18.50
81.07
169.09
179.40
456.20
2,300.00
39.80
39.80
3.90
1,616.60
22.33
4.97
16.12
314.53
78.55
798.13
3.57
198.72
30.62
20.02
25.54

Profits
Jun'12
6,001.66
50.08
245.79
151.14
250.90
427.46
2,405.00
36.79
36.79
(0.17)
1,461.80
19.49
15.23
27.34
313.42
43.98
784.17
(254.68)

6.78%
15.75
na
72.90 2.98%
21.87 2.98%
29.71 21.19%
0.67 2.61%
5.81 7.99%
1.74 7.99%
24.00 6.65%
5.54
na
283.00 15.62%
1.50 14.97%
101.00
na

79.51
81.88
81.88
148.67
134.79
266.04
266.04
185.81
53.51
0.60
199.08
1.59

1,554.73
(34.43)
230.93
230.93
935.99
2.35
160.45
160.45
296.70
(13.87)
26.55
44.70
(94.64)

328.15
(25.63)
55.28
55.28
305.87
0.82
52.52
52.52
72.81
(15.44)
0.26
9.40
(127.74)

702.71
(12.51)
152.10
152.10
196.73
0.52
46.24
46.24
307.20
(6.25)
4.12
11.27
3.29

378.49
9.86
48.63
48.63
243.24
0.47
36.52
36.52
(11.17)
11.03
13.43
5.94
20.54

127.64
(6.14)
(17.32)
(17.32)
179.15
0.55
25.17
25.17
(72.66)
(3.21)
8.74
13.37

16.41%
71.86 19.50%
60.00
na
114.36 7.11%
1000.00 19.10%

141.55
11.43
33.89
12.47

4,464.51
1,983.37
(176.67)
275.59
2,382.23

1,046.29
336.04
(204.33)
183.20
731.38

1,357.34
434.21
36.45
51.74
834.95

1,218.16
343.17
(26.82)
89.54
812.27

420.13
450.98
18.04
(48.89)

23.92

Trailing Trailing
EPS
PE
22.82
9.92
13.7
2.58
62.1
25.21
21.0
20.16
8.2
71.75
8.6
43.52
27.6
0.79
22.8
0.79
20.3
33.77
5.8
18.40
10.6
107.05
19.6
3.35
19.4
3.73
13.2
13.07
27.5
9.94
11.8
64.14
35.1
na
na
0.33
11.9
2.86
15.3
0.12
19.3
0.59
18.8

PBV Mkt Cap Mn


4.88
1.3
4.6
3.6
1.7
1.6
61.5
0.8
0.7
1.5
1.2
2.1
1.0
2.1
4.9
0.5
39.4
1.0
1.2
1.6
0.9
1.4

2,169.60
35,840.00
11,102.70
15,795.65
12,404.00
224,975.82
1,624.87
76.85
536.25
58,530.00
2,015.58
1,657.50
1,541.74
28,800.00
4,679.77
120,909.15
800.53
2,247.00
1,311.00
677.30
730.72

na
2.44
2.44
31.50
3.52
21.25
21.25
12.36
na
0.09
29.80
na

12.57
na
24.6
17.1
6.3
59.7
15.5
9.9
11.3
na
14.9
14.7
na

0.85
0.9
0.7
0.5
1.3
1.6
1.2
0.8
0.8
1.1
2.3
2.2
0.8

1,104.08
4,374.00
909.79
5,883.05
139.98
1,915.57
365.92
3,360.00
311.39
396.20
658.20
131.30

27.60
na
2.41
2.38

9.12
8.0
na
12.0
8.9

1.50
1.6
0.5
0.8
1.7

15,808.96
324.00
3,293.49
21,300.00

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
C T HOLDINGS
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
FREE LANKA CAPITAL HOLDINGS
VALLIBEL ONE LIMITED
BROWNS INVESTMENTS PLC
PCH HOLDINGS LIMITED
TAPROBANE HOLDINGS

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

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

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

122.20
400.00
140.10
32.70
274.00
302.00
33.00
265.00
12.40
6.90
31.50
9.10
6.80
2.50
17.00
2.70
1.10
4.70

FOOTWEAR AND TEXTILES


CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

73.30
10.00
20.00
22.00

HOTELS AND TRAVELS


City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
HOTEL DEVELOPERS
KINGSBURY
RENUKA CITY HOTEL
TAJ LANKA
TRANS ASIA

AHPLN
GHLLN
HDEVN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
DefaultB
MainB
MainB
MainB
MainB

M
D
M
M
M
M
M

70.00
11.40
94.80
11.00
256.00
27.60
74.80

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.44)
2.19 (6.19)
19.02
(1.45)
(2.24) (11.06)
11.09
(3.61)
(5.90) (10.13) (8.88)
(4.04)
(2.71) (4.69)
7.69
0.62
(0.30) (11.62)
29.76
(0.62) (11.30)
8.90
(0.82)
(0.98)
0.67
4.14
(0.60)
(2.08)
6.11
46.67
(0.64)
9.67 (2.07)
43.64
(1.59)
(0.80) (0.80)
39.33
(1.43)
1.47 (5.48) (2.82)
1.61
(7.35)
0.32
30.71
(2.15)
(5.21) (18.75) (3.19)
- (6.85)
15.25
4.17 (10.71)
25.00
(2.86)
(3.41) (21.30)
21.43
(6.90) (22.86)
(15.38)
(42.11) (76.60) (90.98)
(2.08) (6.00)
30.56
(1.57)
(3.43)
(3.85)
(8.18)
0.46

(1.85) (9.29)
3.72
(8.38) (18.46) (5.42)
4.17 (8.26)
26.58
(10.22) (12.55) (19.20)
0.46 (4.76) (1.35)

(2.40)

(3.48)

(9.48)

(7.04)
(4.20)
1.85
(5.07)
(0.36)
(0.66)

(2.10) (2.10) (8.97)


(8.80) (17.99) (12.31)
(6.78) (35.29) (20.29)
(5.32)
0.51
24.42
(2.13) (8.91)
8.66
(0.40) (7.54)
9.20

69.10
176.65
72.20
36.47
158.05
299.45
23.59
104.78
10.37
4.06
28.04
10.32
4.65
4.72
28.58
5.70
5.53
3.99

-3.29%
2.92%
na
na
3.45%

88.43
10.17
35.51
16.76

(329.77)
88.37
(499.69)
(75.77)
157.32

49.00
2.28
na
5.57
325.61
16.69
30.27

8,665.62
3,818.96
2,494.30
220.41
na
(448.71)
266.08
221.16
1,065.72

34.23
152.34
25.00
272.13

(1.94)

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.22%
406.00 11.65%
196.39 11.57%
183.10 8.70%
180.00 9.69%
35.00 6.62%
75.00 8.26%
515.29 13.64%
857.78 13.57%
123.00 12.57%
1958.09 23.94%
133.83 16.85%
779.00 3.75%
1954.92 11.68%
1368.00 8.85%
1086.56 4.52%
1860.00
na
252.00
na
732.95 77.27%

BVPS

7.91%
442.78
500.83
45.23
176.00
7.00
139.64
200.00

11.50%
19.27%
na
na
11.67%
9.49%
17.61%

08 August 2013

Net Profit
4Qtrs
Mar'13
33,100.83 11,696.96
3,266.84 1,193.17
4,013.75 2,408.60
1,149.70
388.39
635.91
78.68
365.93
85.12
1,855.02
490.84
1,657.66
590.54
12,201.08 5,232.99
160.43
132.00
1,902.72
330.59
632.13
145.24
301.17
11.98
1,060.66
277.51
571.16
224.70
1,403.46
242.33
(98.53)
(53.62)
(236.63) (142.00)
2,258.36
59.90

Dec'12
9,928.45
701.69
823.25
418.12
369.10
108.80
772.62
345.01
2,897.64
17.66
557.07
204.44
84.62
200.09
167.61
364.60
(227.31)
(47.72)
2,171.17

Net
Sep'12
7,131.66
731.41
874.90
147.06
7.14
82.13
372.48
387.78
2,411.73
20.37
569.53
98.31
133.57
299.27
203.23
796.53
21.70
(52.17)
26.68

Profits
Jun'12
4,201.60
640.57
(93.01)
196.16
180.99
89.88
219.08
334.33
1,658.72
(9.59)
445.54
184.14
71.01
283.79

(249.94)
9.20
(262.93)
20.18
(16.39)

22.88
35.19
(110.00)
15.96
81.73

(29.84)
16.60
(85.11)
(65.46)
104.14

(60.71)
27.38
(41.65)
(46.45)

3,864.31
1,286.21
896.80
-5.26

2,346.98
1,111.11
622.66
209.00

-106.80
33.10
25.97
442.40

(138.90)
82.10
87.46
248.79

1,964.18
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40

551.82
268.53
406.75
(323.10)
na
(96.74)
104.28
23.20
154.14

Trailing Trailing
EPS
PE
15.30
8.05
15.2
20.44
19.6
6.28
22.3
3.53
9.3
10.46
26.2
24.73
12.2
3.22
10.3
14.22
18.6
1.30
9.5
0.97
7.1
4.72
6.7
0.39
23.5
0.54
12.5
0.42
6.0
1.29
13.2
na
na
na
na
3.08
1.5

2.58
na
na
0.58

5.63
0.44
na
na
38.01
1.58
5.33

PBV Mkt Cap Mn


1.72
1.8
2.3
1.9
0.9
1.7
1.0
1.4
2.5
1.2
1.7
1.1
0.9
1.5
0.5
0.6
0.5
0.2
1.2

49,612.72
78,554.77
25,651.93
5,886.00
9,590.00
22,650.00
17,004.59
227,310.61
1,525.16
13,510.80
4,215.54
7,088.90
13,293.42
3,420.00
18,471.51
5,022.00
277.20
3,444.86

na
28.4
na
na
38.1

1.05
0.8
1.0
0.6
1.3

2,509.34
1,523.43
500.00
5,986.85

16.65

1.32

12.4
25.9
na
na
6.7
17.4
14.0

1.4
5.0
na
2.0
0.8
1.7
2.5

30,994.27
5,709.46
4,287.44
1,936.00
1,792.00
3,853.99
14,960.00

Weekly Review by Asia Wealth Research

Company

Year
End

Resort Hotels
AIT. SPENCE HOTEL HOLD.
AMAYA LEISURE
BROWNS BEACH HOTELS
CEYLON HOTELS CORP.
PALM GARDEN HOTEL
BERUWALA WALK INN
EDEN HOTELS
HOTEL SIGIRIYA
HUNAS FALLS
KANDY HOTELS
JOHN KEELLS HOTELS
LIGHT HOUSE HOTEL
MIRAMAR
MAHAWELI REACH
NUWARA ELIYA
PEGASUS
CITRUS LEISURE
ROYAL PALMS
SIGIRIYA VILLAGE
DOLPHIN HOTELS
TANGERINE
SERENDIB HOTELS [V]
SERENDIB HOTELS [NV]
MARAWILA RESORTS
FORTRESS RESORTS
KALPITIYA BEACH RESORT
WASKADUWA BEACH RESORT
BERUWALA RESORTS
HIKKADUWA BEACH RESORT

AHUNN
CONNN
BBH N
CHOTN
PALMN
BINNN
EDENN
HSIGN
HUNAN
KHC N
KHL N
LHLN
MIRAN
MRH N
NEH N
PEG N
REEFN
RPBHN
SIGVN
STAFN
TANGN
SHOTN
SHOTX
MARAN
RHTLN
CITKN
CITWN
BERUN
CITHN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DefaultB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB

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

INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL

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

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB

M
M
M
M
M
M
M
M
M

Price Performance
1W(%)
1M(%)

1Q(%)

1Y(%)

70.00
72.50 (9.64)
17.60 (1.68)
17.50 (0.57)
82.40
76.30
1.73
33.00
79.00 (4.93)
54.80
10.71
8.60
7.50
13.20
44.00
1.15
57.00 (5.00)
17.60 (1.67)
1201.20 (4.78)
38.00
2.70
18.50 (3.21)
30.10 (4.44)
61.00 (10.10)
36.00 (0.83)
60.40 (0.17)
26.00 (2.99)
15.10 (1.31)
6.50 (5.97)
14.00 (2.80)
6.40 (1.54)
6.60 (1.49)
1.90
25.80
-

(3.05)
(4.32)
(4.35)
(4.40)
(3.51)
3.11
(4.35)
(1.86)
4.38
1.18
(0.75)
(10.02)
(14.41)
(5.85)
(7.70)
3.54
(7.65)
(3.83)
(11.00)
3.75
14.83
(7.36)
(5.97)
(10.32)
(3.03)
6.45
(5.00)
(4.44)

(11.17)
(11.82)
(17.76)
(13.00)
(15.05)
3.11
(8.08)
1.28
(4.70)
(18.10)
(0.75)
(9.09)
(34.78)
(12.81)
(8.78)
(7.09)
(30.12)
(19.73)
(15.01)
(13.71)
(2.99)
(20.11)
(5.97)
(20.11)
(25.58)
(10.81)
(20.83)
16.74

3.09
4.43
31.34
(6.95)
(53.55)
21.11
11.11
5.33
(0.54)
38.71
3.94
(5.17)
(36.67)
(5.35)
8.12
9.20
(31.70)
(40.98)
(7.98)
19.60
(14.81)
23.81
7.86
(4.55)
2.21
16.36
(7.04)
(32.14)
-

336.29
48.03
129.60
171.83
10.82
0.90
52.80
5.86
5.63
577.50
1456.15
46.00
2.75
47.07
2.00
30.39
96.48
50.00
9.00
31.62
20.00
75.51
36.01
122.50
110.89
161.20
155.60
600.00
57.57

(2.53)
(5.08)
(4.60)
(0.12)
0.10
7.57
2.49
(4.00)
4.35
(3.02)

(2.20)
(10.66)
0.17
(2.53)
(8.05)
(11.97)
0.86
(8.94)
2.13
(5.11)

(9.63)
11.93
(27.64) (38.88)
(3.89)
20.20
(5.67)
30.41
(12.61)
14.16
(12.77)
39.98
(6.83) (14.30)
(7.18)
10.16
(6.61) (4.00)
(17.91) (32.12)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

121.00
180.00
85.90
104.00
125.00
247.00
34.00
24.00
35.50

19
A member of Asia Capital Group

Shares Trailing
Mn
ROE

BVPS

13.79%
38.44
15.13%
51.47
5.39%
26.86
na
33.67
na 118.00
na
na
8.97%
44.72
28.41%
40.55
6.82%
56.57
2.83%
10.14
6.88%
11.19
4.67%
52.25
na
na
6.19%
19.97
10.99% 1232.12
10.58%
44.18
na
29.43
6.54%
33.74
9.31%
73.18
19.64%
32.61
3.96% 122.42
15.15%
16.22
15.15%
16.22
2.54%
7.29
14.77%
9.62
na
9.91
0.15%
10.38
na
0.98
5.97%
14.98
10.41%
2.36%
13.62%
14.41%
na
na
na
13.25%
13.25%
na

69.90
179.14
88.68
196.52
211.86
438.49
45.17
45.17
18.70

Net Profit
4Qtrs
4,846.66
1,782.02
374.07
187.74
(123.90)
(368.23)
(23.98)
211.85
67.51
21.70
165.80
1,121.02
112.16
na
58.20
271.38
142.00
(6.20)
110.30
61.33
202.50
97.04
274.10
274.10
22.70
157.50
(118.48)
2.38
(7.35)
51.50
3,297.04
13.19
2,002.40
1,258.76
(34.86)
(113.10)
(100.56)
305.00
305.00
(33.79)

08 August 2013

13.46
48.20
48.08
12.41
37.27
13.74
52.80
46.66
68.03
68.03
(0.70)
57.36
(41.77)
(2.26)
10.60
20.33

Net
Sep'12
814.92
227.60
110.82
50.60
9.60
(22.15)
(4.79)
26.23
16.50
11.17
50.60
116.49
12.10
na
19.53
107.56
17.60
4.60
16.97
12.15
30.00
17.68
40.75
40.75
(5.30)
35.35
(49.51)
12.14
(41.72)
(7.66)

Profits
Jun'12
283.29
171.51
53.47
45.04
(25.93)
(121.80)
(16.59)
15.11
7.77
7.70
26.87
40.36
14.29
na
1.01
36.72
21.23
(22.02)
(1.24)
(1.26)
26.49
9.34
(4.78)
(4.78)

524.63
(5.70)
200.10
196.14
2.29
0.71
(72.90)
263.06
263.06
(59.08)

539.00
22.47
324.44
148.66
10.50
12.18
(38.57)
47.90
47.90
11.42

(156.22)
31.09
(77.01)
(53.46)
2.48
3.30
(36.99)
30.34
30.34
(55.97)

Mar'13
2,578.10
946.20
127.40
41.20
-79.30
-130.00
-4.20
97.40
26.50
21.70
42.30
741.80
57.10

Dec'12
1,235.87
436.71
82.38
50.87
(16.33)
(89.87)
1.60
73.56
16.74
4.38
40.58
222.37
28.67

24.20
78.90
47.60
35.80
57.30
36.70
93.10
23.40
169.80
169.80
28.70
66.40
-27.20
-7.50
24.00
38.80
1,994.81
(2.89)
1316.50
763.20
-39.90
-56.30
47.90
-36.30
-36.30
2.60

Trailing Trailing
EPS
PE

PBV Mkt Cap Mn

5.30
7.79
1.45
na
na
na
4.01
11.52
3.86
0.29
0.77
2.44
na
1.24
135.43
4.67
na
2.21
6.81
6.40
4.85
2.46
2.46
0.19
1.42
na
0.02
na
0.89

13.2
9.3
12.1
na
na
na
8.2
6.9
14.2
30.0
17.1
18.0
na
14.2
8.9
8.1
na
13.6
9.0
5.6
12.4
10.6
6.1
35.1
9.9
na
431.7
na
28.8

1.8
1.4
0.7
0.5
0.7
na
0.7
1.9
1.0
0.8
1.2
0.8
na
0.9
1.0
0.9
0.6
0.9
0.8
1.1
0.5
1.6
0.9
0.9
1.5
0.6
0.6
1.9
1.7

23,540.30
3,482.48
2,280.96
3,006.94
891.30
68.67
1,742.40
462.86
308.25
4,966.50
19,221.14
2,024.00
156.75
828.37
2,407.05
1,154.88
1,784.83
1,505.00
549.00
1,138.37
1,208.00
1,963.38
543.77
796.25
1,552.41
1,031.68
1,026.96
1,140.00
1,485.41

1.65
24.39
12.78
na
na
na
5.99
5.99
na

8.96
73.3
7.4
6.7
na
na
na
5.7
4.0
na

0.93
1.7
1.0
1.0
0.5
0.6
0.6
0.8
0.5
1.9

966.25
14,777.41
8,462.43
676.00
812.50
1,264.77
1,513.59
154.28
917.10

Weekly Review by Asia Wealth Research

Company

Year
End

LAND AND PROPERTY


C T LAND
CARGO BOAT
CEYLINCO HOUSING
CEYLINCO SEYLAN
COLOMBO LAND
COMMERCIAL DEVELOP.
EAST WEST
EQUITY ONE
EQUITY TWO
HUEJAY
KELSEY DEVELOPMENTS
ON'ALLY HOLDINGS
OVERSEAS REALTY
PROPERTY DEVELOPMENT
SERENDIB LAND
YORK ARCADE
SERANDIB ENGINEERING GROUP
TOUCHWOOD

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

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

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

28.10
115.10
11.50
9.80
43.30
66.00
13.30
27.90
25.90
66.90
24.50
48.80
17.90
55.00
1740.00
14.00
180.00
4.10

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.48)
(2.09) (3.60)
30.53
(0.35)
(2.77)
8.08
11.51
(4.08)
0.09
30.80
68.77
(8.73)
(9.45) (20.14) (3.36)
(3.00)
(3.00)
1.04
44.78
(0.92)
(3.78) (20.70)
39.23
(4.07)
3.61 (6.25)
16.40
(3.60)
(5.63) (12.42)
3.88
(9.66)
(12.37) (21.79) (7.75)
(8.52)
10.76 (15.99)
27.98
(4.02)
(1.47) (9.59) (18.41)
(3.61)
20.00
41.18
90.48
(2.40) (7.22)
2.52
(2.19)
(3.24)
11.88
42.06
7.45
3.40 (5.03)
43.46
16.00 (3.33)
5.45
(4.11)
(4.11) (18.60) (9.09)
- (0.55)
12.57
2.56 (33.33) (69.23)

20
A member of Asia Capital Group

Shares Trailing
Mn
ROE
9.24%
48.75 10.32%
10.20 11.75%
13.38 15.49%
147.96 1.00%
199.88 1.30%
12.00 20.12%
138.24
na
40.32 8.38%
31.00 7.48%
1.80
na
17.43
na
17.50 5.72%
843.48 13.17%
66.00 12.10%
0.36 4.21%
12.00 0.83%
6.48
0.16
106.91
0.02

BVPS

52.61
79.02
10.62
28.62
18.57
101.90
9.41
41.93
19.21
na
3.26
66.10
26.60
43.81
656.12
13.42
23.92
28.91

Net Profit
4Qtrs
4,289.31
264.76
94.74
22.01
42.53
48.44
246.00
(35.92)
141.66
44.55
(4.29)
(55.08)
66.21
2,954.53
349.77
9.95
1.34
24.78
73.33

08 August 2013

Mar'13
815.31
190.85
18.11
(41.42)
22.88
(3.31)
25.07
(20.74)
121.32
44.86
(1.32)
(9.86)
12.93
475.67
93.03
2.36
6.54
12.23
(133.89)

Dec'12
2,532.48
34.76
25.04
5.90
(30.39)
65.45
199.09
(7.30)
7.25
(0.39)
(1.12)
(18.94)
17.58
2,111.02
102.08
2.59
3.44
2.27
14.15

Net
Sep'12
685.54
38.52
27.20
31.77
26.80
(5.10)
17.89
18.58
6.91
(0.09)
1.00
(9.95)
17.48
273.58
87.96
2.79
2.65
22.26
125.30

Profits
Jun'12
271.68
39.19
24.39
25.67
23.25
(8.60)
3.94
(6.15)
6.63
0.17
(1.20)
(20.32)
18.23
94.27
66.70
2.21
3.31

Trailing Trailing
EPS
PE
9.66
5.43
5.2
9.29
12.4
1.65
7.0
0.29
34.1
0.24
178.7
20.50
3.2
na
na
3.51
7.9
1.44
18.0
na
na
na
na
3.78
12.9
3.50
5.1
5.30
10.4
27.64
63.0
0.11
125.3
3.83
47.05
0.69
5.98

PBV Mkt Cap Mn


0.89
0.5
1.5
1.1
0.3
2.3
0.6
1.4
0.7
1.3
na
7.5
0.7
0.7
1.3
2.7
1.0
7.5
0.1

1,369.88
1,174.02
153.87
1,450.06
8,654.85
792.00
1,838.59
1,124.98
802.90
120.42
427.02
854.04
15,098.37
3,630.00
626.40
168.00
1165.80
438.31

Weekly Review by Asia Wealth Research

Company

Year
End

MANUFACTURING
ABANS
ACL CABLES
ACL PLASTICS
ACME
ALUFAB
BLUE DIAMONDS [V]
BLUE DIAMONDS [NV]
BOGALA GRAPHITE
CENTRAL INDUSTRIES
GRAIN ELEVATORS
CHEVRON LUBRICANTS
DANKOTUWA
DIPPED PRODUCTS
HAYLEYS FIBRE
KELANI CABLES
KELANI TYRES
LANKA ALUMINIUM
LANKA CEMENT
LANKA CERAMIC
LANKA FLOORTILES
LANKA WALLTILES
LAXAPANA
SWISSTEK (CEYLON) PLC
PELWATTE SUGAR
PIRAMAL GLASS
PRINT CARE
REGNIS
RICH PIERIS EXPORTS
ROYAL CERAMICS
SAMSON INTERNATIONAL
SINGER INDUSTRIES
SWADESHI
TOKYO CEMENT [V]
TOKYO CEMENT [NV]
SIERRA CABLES
TEXTURED JERSEY
AGSTAR FERTILIZERS LIMITED
AGSTAR FERTILIZERS LIMITED
ORIENT GARMENTS

ABANN
ACL N
APLAN
ACMEN
ALUFN
BLUEN
BLUEX
BOGAN
CINDN
GRANN
LLUBN
DPL N
DIPDN
HEXPN
KCABN
TYREN
LALUN
LCEMN
CERAN
TILEN
LWL N
LITEN
PARQN
SUGAN
GLASN
CAREN
REG N
REXPN
RCL N
SIL N
SININ
SWADN
TKYON
TKYOX
SIRAN
TJL N
AGSTN
AGSTX
OGL N

MainB
MainB
MainB
MainB
DefaltB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB

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

120.30
67.20
98.30
10.40
15.10
2.60
1.00
23.40
58.10
38.60
313.00
13.80
113.50
26.80
72.70
43.40
28.60
7.80
121.00
72.00
62.50
4.50
15.20
23.50
5.80
27.00
69.00
37.50
94.00
95.90
118.10
12000.00
26.90
21.40
2.20
14.20
6
15
6.1

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.14)
0.17
1.79
30.78
(3.52)
(6.37)
9.44
30.94
0.15
(4.00) (12.61)
24.68
9.22
6.27 (1.70)
10.45
(5.61)
(5.61) (25.19) (27.86)
(5.63)
(5.63) (22.56) (41.70)
(7.41) (40.48) (40.48)
- (41.18) (41.18)
1.74
(6.40) (6.77)
16.42
(15.80)
(17.00) (22.22) (10.48)
(5.39)
(10.02) (24.17) (19.08)
0.16
2.81
21.76
78.45
(1.45)
(4.23) (24.86)
8.80
(1.65)
(8.50) (9.81)
30.00
(1.83)
(7.27) (8.84)
8.06
0.28
(12.30) (5.83)
0.97
(4.47)
(2.95)
3.14
68.11
1.42
(4.35) (15.88)
13.94
(2.50)
(7.14) (17.02) (7.14)
0.83
11.11
0.83
89.06
(4.00)
(7.81)
2.86
20.00
(1.11)
2.80 (7.41)
4.17
(2.17)
4.65 (22.41) (25.00)
(1.30)
8.57 (3.80) (12.64)
(1.69)
(9.38) (13.43)
9.43
(2.17)
1.89 (10.89) (10.00)
(1.29)
0.29
1.77 (2.12)
(3.60)
7.14
7.76
66.67
(2.06)
(5.00) (11.46)
11.11
6.32
(5.70) (2.44)
14.03
(4.60)
(2.40) (17.99) (21.53)
33.33 139.99 215.79
3.07
8.47
5.91
1.41
2.86
13.68
10.20
- (12.50) (12.50)
8.40
14.52
14.52
84.42
1.69
(4.76) (25.93) (30.23)
(4.69)
- (36.46) (63.47)

21
A member of Asia Capital Group

Shares Trailing
Mn
ROE
16.19%
4.26 25.70%
59.89 9.30%
4.21 6.58%
25.61
na
12.06
na
103.30
na
153.37
na
47.32 28.08%
9.88 10.23%
60.00 5.56%
120.00 52.84%
72.25 5.66%
59.86 20.72%
8.00 6.11%
21.80 9.39%
80.40 25.21%
13.70
na
173.51
na
30.00 10.93%
53.05 20.21%
54.60 11.26%
39.00
na
27.37
na
67.98
na
950.09 19.96%
85.97 12.00%
11.27 11.25%
11.16 94.42%
110.79 19.88%
3.85 11.44%
3.85 2.15%
0.13 0.36%
202.50 12.32%
101.25 12.32%
537.51
na
655.00 17.74%
307.53 10.10%
17.47 10.10%
54.92 6.02%

BVPS

135.45
95.47
144.36
19.61
21.36
1.17
1.17
3.93
95.41
44.74
37.80
10.43
114.34
53.55
99.44
21.82
40.76
na
91.91
59.67
84.57
3.66
22.25
na
3.82
25.64
68.50
13.10
75.83
102.87
234.34
999.68
22.13
22.13
3.08
8.75
6.71
118.08
13.01

Net Profit
4Qtrs
11,898.73
148.22
532.03
40.01
(41.26)
na
(26.31)
(26.31)
52.23
96.46
149.25
2,396.43
42.63
1,417.89
26.17
203.53
442.27
(9.96)
(17.80)
301.38
639.85
520.01
(42.20)
(10.57)
na
724.38
264.52
86.82
138.07
1,670.39
45.30
19.39
0.47
827.85
827.85
(6.77)
1,016.57
208.47
208.47
43.03

08 August 2013

Mar'13
3,863.97
42.66
99.28
7.60
(7.89)

Dec'12
3,075.40
46.61
243.88
9.76
5.40

Net
Sep'12
2,805.89
50.92
81.21
1.28
(25.48)

(6.84)
(6.84)
15.60
25.87
17.52
769.86
0.62
379.48
7.30
60.12
114.58
(11.87)
137.18
265.67
260.77
2.72
17.33

(10.30)
(10.30)
(8.25)
18.39
(229.44)
571.41
(12.87)
407.70
3.85
25.38
116.40
(4.99)
(4.15)
88.83
161.15
123.96
0.18
(12.27)

0.24
0.24
16.88
30.98
(34.78)
521.99
31.20
345.02
6.92
57.21
130.24
(6.86)
(4.22)
90.02
159.02
151.07
(40.30)
2.09

110.79
74.60
41.74
24.57
573.70
6.49
6.14
25.18
447.63
447.63
(1.23)
322.95
(20.04)
(20.04)
53.90

206.66
61.28
19.62
25.58
497.19
12.32
10.83
(8.12)
224.64
224.64
0.69
365.0
106.74
106.74
12.37

265.13
60.27
7.44
51.63
420.40
13.74
0.56
(3.24)
175.57
175.57
(8.75)
156.7
125.04
125.04
(23.23)

Profits
Jun'12
2,253.83
8.04
118.11
26.77
(13.30)
3.06
(21.41)
(21.41)
27.99
21.22
395.95
533.17
23.67
285.68
7.21
60.82
81.06
13.76
(4.50)
(16.65)
54.00
(15.79)
(4.76)
(17.71)
148.94
70.28
18.03
36.29
260.77
12.76
1.87
(14.07)
(19.99)
(19.99)
0.63
171.94

Trailing Trailing
EPS
PE
9.89
34.80
3.5
8.88
7.6
9.50
10.3
na
na
na
na
na
na
na
na
1.10
21.2
9.76
6.0
2.49
15.5
19.97
15.7
0.59
23.4
23.69
4.8
3.27
8.2
9.34
7.8
5.50
7.9
na
na
na
na
10.05
12.0
12.06
6.0
9.52
6.6
na
na
na
na
na
na
0.76
7.6
3.08
8.8
7.71
9.0
12.37
3.0
15.08
6.2
11.77
8.1
5.04
23.4
3.57 3360.3
2.73
9.9
2.73
7.9
na
na
1.55
9.1
0.68
8.9
11.93
1.3
0.78
7.8

PBV Mkt Cap Mn


1.60
0.9
0.7
0.7
0.5
0.7
2.2
0.9
6.0
0.6
0.9
8.3
1.3
1.0
0.5
0.7
2.0
0.7
na
1.3
1.2
0.7
1.2
0.7
na
1.5
1.1
1.0
2.9
1.2
0.9
0.5
12.0
1.2
1.0
0.7
1.6
0.9
0.1
0.5

512.33
4,024.86
414.09
266.38
182.08
268.58
153.37
1,107.20
574.27
2,316.00
37,560.00
996.99
6,794.28
214.40
1,584.86
3,489.36
391.90
1,353.38
3,630.00
3,819.63
3,412.50
175.50
416.05
1,597.46
5,510.50
2,321.10
777.48
418.64
10,414.20
369.02
454.25
1,567.99
5,447.25
2,166.75
1,182.53
9,301.03
1,845.16
262.11
334.99

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
(1.90)
(2.92)
(0.44)
(0.54)
(3.06)
(5.00)
0.10
(2.79)
(1.77)
(4.45)
(9.09)
(1.59)
(2.19)

1Q(%) 1Y(%)
2.11
7.52
(2.68)
22.64
5.56 (49.28)
(0.96) (14.61)
(5.22) (7.08)
4.43
31.58
10.81
56.01

Shares Trailing
Mn
ROE
13.65%
1.20 5.28%
15.20 0.78%
8.88 6.06%
3.62 14.32%
6.03 26.20%
67.27 27.31%

BVPS

08 August 2013

489.31
250.88
859.71
649.41
126.90
109.57

Net Profit
4Qtrs
3,073.22
31.00
29.80
462.09
336.80
200.63
2,012.90

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

Dec'12
352.07
8.14
5.60
4.50
143.31
53.32
137.20

Net
Sep'12
562.72
12.18
51.28
113.23
24.14
40.79
321.10

Profits
Jun'12
1,810.28
4.38
130.55
352.36
317.09
37.12
968.78

10.50%
102.00 15.83%
6.87 2.61%
7.00 2.77%
6.94 3.97%
6.94 3.22%

312.21
818.43
786.82
933.71
800.95

5,778.00
5,042.37
146.61
152.69
257.40
178.94

2,255.03
2,146.35
21.97
21.68
37.10
27.93

1,182.34
1,071.82
18.19
20.07
44.32
27.94

1,001.86
832.97
34.69
31.80
63.85
38.56

685.30
353.77
72.40
73.48
105.66
79.99

MOTORS
AUTODROME
COLONIAL MOTORS
DIMO
LANKA ASHOK
SATHOSA MOTORS
UNITED MOTORS

AUTON
COLON
DIMON
ASHON
SMOTN
UML N

MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M

849.90
95.00
505.00
1719.00
250.00
113.00

OIL PALMS
BUKIT DARAH
GOOD HOPE
INDO MALAY
SELINSING
SHALIMAR

BUKIN
GOODN
INDON
SELIN
SHALN

MainB
MainB
MainB
MainB
MainB

M
M
M
M
M

(1.97)
690.00 (1.12)
1105.00 (14.01)
1302.00
1090.00
949.50
-

(1.22)
0.57
(21.07)
(2.11)
8.21
(0.05)

(1.56)
(3.50)
(0.46)
(1.36)
11.20
5.50

(2.05)
(1.37)
(7.14)
(8.44)
(0.82)
5.50

AGALN
BALAN
BOPLN
HAPUN
HOPLN
KAHAN
KGALN
KVALN
KOTAN
MADUN
MAL N
MALX
MASKN
NAMUN
TPL N
UDPLN
WATAN
ELPLN
MPRHN
ASPMN

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

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

24.90
25.60
10.00
26.80
22.70
34.00
100.00
74.00
47.40
12.50
4.70
4.20
12.40
74.50
22.00
27.00
11.20
17.00
22.00
45.50

(1.34)
2.35
(5.66)
(0.74)
(2.56)
5.92
(0.60)
(8.64)
0.85
(1.57)
(2.13)
(0.80)
(0.93)
(3.51)
(0.37)
(4.27)
0.59
1.80
-

(3.82)
(7.84)
(2.97)
(12.28)
(14.38)
(6.94)
6.25
(5.21)
(3.90)
(2.07)
2.46
2.22
7.69
(1.59)
0.68
(2.65)
(15.89)
(5.08)
(5.56)
(17.82)
-

(10.08)
(24.70)
(23.24)
(20.63)
(19.28)
(17.09)
(8.36)
(11.58)
(8.87)
(11.40)
(13.79)
(10.64)
(6.77)
(5.82)
(14.06)
(0.74)
(3.45)
(6.59)
(16.61)
-

5.78
(17.11)
4.40
26.58
(31.28)
8.57
0.29
4.93
(12.94)
(12.22)
30.21
35.29
27.27
(4.62)
34.96
36.65
20.00
31.76
17.24
22.83
-

25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
40.00
29.00
224.59
23.00
53.95
23.75
23.75
19.40
236.67
72.87
17.26
21.30

16.26%
38.44%
2.37%
33.81%
3.74%
13.50%
9.39%
16.20%
25.90%
15.08%
3.18%
12.50%
12.50%
17.10%
20.50%
21.66%
4.23%
17.70%
17.25%
33.03%
19.57%

48.47
111.60
12.44
34.89
59.57
15.18
133.97
73.98
85.64
62.36
8.66
8.66
29.11
84.03
60.67
28.46
16.24
34.59
45.02
56.68

5,913.06
465.71
62.49
352.16
60.41
201.04
113.92
542.47
651.46
516.73
57.49
268.02
268.02
268.54
409.16
312.09
23.33
680.24
434.80
256.75
236.25

1,215.12
1.5
11.4
67.9
41.56
47.65
72.32
95.43
150.98
113.22
14.17
51.05
51.05
88.93
86.27
85.40
29.40
124.84
66.12
66.99

2,031.12
304.74
(10.62)
146.26
(46.86)
100.79
(0.86)
168.76
199.06
190.95
59.74
8.11
8.11
123.89
147.20
164.90
(43.91)
286.59
125.46
106.93

1,365.79
160.60
(12.17)
88.90
13.43
41.06
13.20
155.61
173.22
107.80
(42.92)
94.02
94.02
21.51
103.40
35.16
0.70
186.23
133.19
92.84

1,103.31
(1.16)
73.87
49.14
52.29
11.54
29.26
122.68
128.20
104.76
26.51
114.84
114.84
34.22
72.29
26.62
37.14
157.32
63.81
-

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

245.00
10.40
14.50
106.10
80.00
40.00
2.90

(0.27)
1.96
(1.30)
(0.50)
(3.33)

2.68 (5.78)
(2.08) (4.30)
2.97
2.97
7.41 (6.45)
1.05
1.05
6.67
2.56 (9.09)
(6.45) (12.12)

36.69
(2.08)
40.54
79.01
39.61
25.20
31.58
3.57

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

17.25%
na
50.56%
12.09%
9.74%
9.74%
12.66%
15.98%

86.91
6.51
5.85
72.7
72.7
17.00
2.68

3,785.98
(64.67)
1,738.38
777.25
249.01
249.01
481.66
604.34

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,822.74
(45.09)
1,365.90
220.29
54.48
54.48
99.12
128.05

510.06
(38.10)
104.26
112.21
49.92
49.92
94.57
187.20

577.66

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

PLANTATIONS
AGALAWATTE
BALANGODA
BOGAWANTALAWA
HAPUGASTENNE
HORANA PLANTATION
KAHAWATTE
KEGALLE
KELANI VALLEY
KOTAGALA
MADULSIMA
MALWATTE VALLEY
MALWATTE VALLEY
MASKELIYA
NAMUNUKULA
TALAWAKELLE
UDAPUSSELLAWA
WATAWALA PLANTATIONS
ELPITIYA
MET.RES.HOL
AITKEN SPENCE PLANTATION
MANAGEMENTS
HEALTH SERVICES
ASIRI CENTRAL
ASIRI SURGICAL
ASIRI HOSPITAL
CEYLON HOSPITALS [V]
CEYLON HOSPITALS [NV]
LANKA HOSPITALS
NAWALOKA

22
A member of Asia Capital Group

110.65
176.23
80.08
80.08
112.65
98.04

Trailing Trailing
EPS
PE
7.25
25.83
32.9
1.96
48.5
52.06
9.7
93.02
18.5
33.25
7.5
29.92
3.8

PBV Mkt Cap Mn


0.99
1.7
0.4
0.6
2.6
2.0
1.0

1,019.88
1,444.00
4,482.60
6,224.23
1,508.41
7,601.18

49.43
21.34
21.82
37.09
25.78

17.5
14.0
51.8
59.7
29.4
36.8

1.8
2.2
1.4
1.7
1.2
1.2

70,380.00
7,592.79
9,111.92
7,564.69
6,589.61

18.63
2.64
4.20
1.30
8.04
1.43
21.70
19.16
12.92
1.98
1.08
1.08
4.98
17.23
13.14
1.20
2.87
5.97
14.87
11.09

3.9
1.3
9.7
2.4
20.5
2.8
23.8
4.6
3.9
3.7
6.3
4.3
3.9
2.5
4.3
1.7
22.5
3.9
2.8
1.5
4.1

0.63
0.5
0.2
0.8
0.8
0.4
2.2
0.7
1.0
0.6
0.2
0.5
0.5
0.4
0.9
0.4
0.9
0.7
0.5
0.5
0.8

622.50
605.09
837.50
1,241.26
567.50
2,716.25
2,500.00
2,516.00
1,896.00
362.50
1,055.57
96.60
669.02
1,769.38
522.50
523.77
2,650.67
1,238.73
379.83
969.15

na
3.29
0.71
7.35
7.35
2.15
0.43

11.4
na
3.2
20.5
14.4
10.9
18.6
6.8

1.97
2.8
1.6
2.5
1.5
1.1
2.4
1.1

5,471.82
5,495.96
15,936.84
2,708.44
667.64
8,949.29
4,087.57

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(2.17)
1.86 (4.42)
29.30
(4.01)
2.32 (0.83)
43.81
11.59
15.74
0.28
16.99
(1.39)
(2.57) (9.11)
8.11
2.66
(0.79) (13.96) (1.28)
(3.67)
(3.75) (33.07) (12.75)
(7.89)
(8.70)
3.56 (44.44)
2.38
4.88 (14.00) (10.42)
4.55
(4.17) (17.86)
-

SERVICES
JOHN KEELLS LIMITED
LAKE HOUSE PRINTING
MERC. SHIPPINGS
CEYLON PRINTERS
KALAMAZOO
PARAGON
CEYLON TEA BROKERS
ASIA SIYAKA COMMODITIES

JKL N
LPRTN
MSL N
CPRTN
KZOON
PARAN
CTBLN
ASIYN

MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
M

83.70
108.80
162.50
1283.30
1205.00
1050.00
4.30
2.30

STORES AND SUPPLIES


COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

528.90
1225.00
160.00
328.00

(1.17)
1.91
(2.00)
(1.36)
(0.79)

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

BRWNN
CWMN
CFT N
EMERN
GREGN
RGEMN
SINSN
OFEQN
TESSN

MainB
MainB
MainB
DefaultB
MainB
MainB
MainB
MainB
DiriSaviB

M
D
M
M
M
M
D
M
M

110.00
66.90
7.70
7.80
13.60
44.00
95.00
2400.00
2.00

(0.25)
(0.46)
(0.15)
1.32
(3.70)
(2.14)
4.27
(2.83)
-

(2.55)
(4.62)
(1.91)
(3.75)
(4.88)
(2.14)
3.77
(0.84)
(15.79)
-

POWER & ENERGY


HEMAS POWER
LANKA IOC
VIDULLANKA
VALLIBEL POWER
LAUGFS GAS
LAUGFS GAS [NV]
HYDRO POWER
PANASIAN POWER
MACKWOODS ENERGY LIMITED

HPWRN
LIOCN
VLL N
VPELN
LGL N
LGL X
HPFLN
PAP N
MEL N

MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
MainB
MainB
DiriSaviB

M
M
M
M
M
M
M
M
M

18.40
26.20
3.80
6.10
28.10
22.00
5.00
2.30
8.70

0.61
3.14
(2.56)
(3.23)
1.08
(3.92)
(4.35)
(5.43)

2.75 (0.75)
30.27
(3.66) (8.00)
4.55
3.95
1.94
58.43
2.70
(4.76) (3.23)
25.00
10.20
4.46
33.18
9.45
8.37
61.76
(10.91) (19.67) (14.04)
(4.35) (18.52) (8.33)
(10.31) (18.69) (25.64)

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

6.10
1.10

(3.07)
(9.09)

0.20 (46.25) (52.41)


5.17 (16.44)
38.64
(9.09) (69.70) (82.76)

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

8.70
41.00

1.58
1.16
1.99

D
D

(3.70)
4.28
11.91
(3.47) (15.63) (7.58)
(1.80)
22.50
22.75
(7.51) (10.31) (17.95)
(6.29) (8.89)
11.95
(9.21)
(12.07)
(4.43)
26.23
(25.71)
(24.31)
(15.71)
(8.65)
(8.05)
(17.39)

4.43 (7.40)
4.82 (10.31)
4.06 (4.43)

(1.83)
4.10
11.69
42.59
(32.17)
(18.22)
(5.75)
(33.33)
(13.64)

24.87
45.00
10.22

Note:
Counters which are listed on Dirisavi board will reflect 6 months results under
3QCY2012.

23
A member of Asia Capital Group

Shares Trailing
Mn
ROE
7.06%
60.80 22.68%
2.94 4.16%
2.84
na
0.04
na
0.05
na
0.10
na
114.00 19.98%
260.00 16.59%

BVPS

08 August 2013

53.89
49.30
57.43
137.96
649.80
64.98
1.72
2.18

Net Profit
4Qtrs
310.18
742.89
6.03
(123.39)
(1.28)
(446.79)
(0.55)
39.23
94.04

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

Dec'12
(406.82)
48.66
1.02
(13.30)
(1.90)
(446.70)
0.30
5.10

Net
Sep'12
85.64
78.67
3.84
(39.85)
(1.05)
1.20
0.12
8.50
34.21

Profits
Jun'12
26.82
55.55
4.40
(49.20)
1.27
0.68
0.13
13.99

5.05%
1.27 5.20% 738.70
2.54 8.16% 1284.06
2.28 28.76%
43.90
5.15
na 432.45

329.21
48.87
265.70
28.76
(14.12)

110.66
36.41
80.69
12.94
(19.38)

222.51
(4.23)
188.43
12.73
25.58

54.70
20.02
30.70
2.04
1.94

(58.55)
(3.33)
(34.00)
1.04
(22.26)

Trailing Trailing
EPS
PE
23.11
12.22
6.9
2.05
53.0
na
na
na
na
na
na
na
na
0.34
12.5
0.36
6.4

5,088.96
319.57
462.31
44.93
60.25
105.03
490.20
598.00

17.71
13.8
11.7
12.7
na

0.89
0.7
1.0
3.6
0.8

673.21
3,105.94
364.50
1,687.56

3.39
4.50
0.05
na
na
na
6.97
na
na

32.33
32.5
14.9
149.3
na
na
na
13.6
na
na

0.94
0.5
1.4
1.2
0.9
0.6
5.8
2.5
4.4
1.0

7,796.25
2,407.63
1,079.51
916.08
4,751.39
105.60
11,894.91
200.05
360.00

2.26
5.46
0.24
0.39
2.74
2.74
na
0.17
0.41

7.52
8.2
4.8
15.6
15.8
10.3
8.0
na
13.9
21.5

1.30
0.8
1.1
1.6
2.5
1.7
1.3
0.7
1.4
1.3

2,303.68
13,952.28
1,813.62
4,557.37
9,413.50
1,144.00
545.44
1,150.00
870.00

-3.0
45.4
na

1.01
7.0
0.4

745.00
377.74

10.73
8.3
14.9

1.53
1.8
1.3

70,850.87
73,999.26

207.36
46.18
6.26
8.66
23.27
7.63
37.39
546.33
1.94

912.89
240.04
161.98
7.23
(69.41)
(278.42)
(6.90)
873.24
(2.09)
(12.79)

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

(292.87)
(498.97)
17.61
2.55
(39.95)
31.72
(3.72)
194.18
1.80
1.91

294.12
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(9.14)

300.32
(219.96)
85.92
(3.25)
39.55
83.85
0.34
310.05
3.81

17.25%
9.88%
22.33%
10.55%
15.86%
16.35%
16.35%
na
10.28%
5.89%

22.82
24.46
2.31
2.44
16.76
16.76
6.90
1.61
6.88

4,751.00
282.45
2,908.80
116.33
289.14
1,060.82
1,060.82
(29.98)
82.93
40.51

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

1,226.44
75.61
728.08
36.12
120.10
228.99
228.99
(8.04)
38.98
6.60

1,842.14
81.00
1,183.00
6.13
112.97
427.45
427.45
(1.80)
2.09
31.30

299.56
39.33
191.86
8.40
56.05

-32.64%
122.13 15.36%
343.40
na

(362.64)
16.42
(379.06)

(387.13)
7.90
(395.03)

2.52
(6.60)
9.12

(2.35)
2.87
(5.22)

1.79

0.88
2.92

1.79

0.13
na

14.22%
8143.78 22.01%
1804.86 8.84%

4.76
31.10

13,496.41
8,536.41
4,960.00

3,180.52
1,594.52
1,586.00

1,805.68
928.68
877.00

6,545.20
4,744.20
1,801.00

1,965.01
1,269.01
696.00

1.05
2.75

(7.68)
11.60

1.63
1.6
2.2
2.8
9.3
1.9
16.2
2.5
1.1

38.39
104.79
12.62
na

2.90%
70.88 1.63%
35.99 9.75%
140.20 0.82%
117.45
na
349.37
na
2.40
na
125.21 18.66%
0.08
na
180.00
na

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

PBV Mkt Cap Mn

Weekly Review by Asia Wealth Research

08 August 2013

Disclaimer
The report has been prepared by Asia Wealth Management Co (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information
obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation or warranty, express or implied is
made as to its accuracy, completeness or correctness, reliability or suitability. All such information and opinions are subject to change without notice. This document is for information
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offer, or solicitation of an offer, to buy or sell any securities or other financial instruments. In no event will Asia Wealth Management Co (Private) Limited be liable for any loss or damage
including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of, or in connection with the use of this report and any reliance you
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Asia Wealth Management Co (Private) Limited may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which they are
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24
A member of Asia Capital Group

Research
Manager - Research
BalakrishnanNirmalan

Assistant Manager - Research


(94-11)5320362
nirmalan@asiacapital.lk

Corporates

Amali Perera

(94-11)5320256
amali@asiacapital.lk

Economy

Travis Gomez
Yogini Yogarasa

(94-11)5320254
(94-11)5320361

DhanushaPathirana

(94-11)5320254

Statistician
Nuwan Pradeep

(94-11)5320257

Sales
Institutional Sales
SabriMarikar
NiroshanWijayakoon
Manjula Kumarasinghe
Chelaka Hapugoda
Chaminda Mahanama
HiranBibile
NiroshanRathnam
Jeevan Hettigoda
FarajFouz
MiflalFarook

(94-11) 5320224
(94-11) 5320208
(94-11) 5320211
(94-11)5320240
(94-11) 5320223
(94-11) 5320238
(94-11) 5320242
(94-11) 5320220
(94-11) 5320210
(94-11) 5320247

077 3-576868
0777-713645
0777 -874310
0777 -256740
0777 -556582
0777 -352032
0773 -717515
0773-691256
0773 -810159
0772-253730

sabri@asiacapital.lk
niroshan@asiacapital.lk
manjula@asiacapital.lk
chelaka@asiacapital.lk
mahanama@asiacapital.lk
hiran@asiacapital.lk
ratnam@asiacapital.lk
jeevan@asiacapital.lk
faraj@asiacapital.lk
miflal@asiacapital.lk

Retail Sales
ShiyamSubaulla
PriyanthaHingurage
Subeeth Perera
Neluka Rodrigo
GaganiJayawardhana
Shamal Perera
NuwanEranga
RomeshPriyadarshana
RukshanLiyanage
Nathasha Munasinghe
Iresha Fernando
SharikaRathnayake

(94-11)5320218
(94-11)5320217
(94-11)5320227
(94-11)5320214
(94-11)5320236
(94-11)5320219
(94-11)5320246
(94-11)5320228
(94-11)5320235
(94-11)5320231
(94-11)5320232
(94-11)5320209

0773-502016
0773-502015
0714-042683
0777-366280
0714-084953
077-3717558
0777368012
0772548795
077-3413297
0777-569266
0777359012
0777567994

shiyam@asiacapital.lk
priyantha@asiacapital.lk
subeeth@asiacapital.lk
neluka@asiacapital.lk
gagani@asiacapital.lk
shamal@asaiacapital.lk
eranga@asiacapital.lk
priyadarshana@asiacapital.lk
rukshan@asiacapital.lk
nathasha@asiacapital.lk
iresha@asiacapital.lk
sharika@asiacapital.lk

Branches
CSE Floor

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

ThusharaAdhikari
M G Suranjana

(011)-5735122
(011)-5763539

0773-688202
0773-954994

adhikari@asiacapital.lk

Kurunegala

Union Assurance Building, No.6,1stFloor,Rajapilla Rd, Kurunagala.

AsankaSamarakoon
GayanNishsanka

(037)-5628844
(037)-5642717

0773-690749
0777-105356

asanka@asiacapital.lk
nishshanka@asiacapital.lk

Matara

E.H.Cooray Building, Mezzanine Floor, No:24, AnagarikaDarmapala Mw,


Matara
Peoples Leasing Building,2nd Floor,No.118,Matara Road,Galle

(041)-5677525
(041)-5677526
(041)-5620727
(091)-5629998

0773-687307
0778-628798

Galle

SumedaJayawardena
LalindaLiyanapathirana
MaheshaMadurangi
RuchiraHasantha

0773-687027

sumeda@asiacapital.lk
rishan@asiacapital.lk
mahesha@asiacapital.lk
ruchira@asiacapital.lk

Negombo

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

UthpalaKarunatilake

(031)-5676881

0773-691685

uthpala@asiacapital.lk

Moratuwa

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

Ashan Silva
Charith Perera

(011)-5238662
(011)-5238663

077-0458028

ashan@asiacapital.lk
charithn@asiacapital.lk

Panadura

Asian Alliance Building, 293, Galle Road, Panadura

RanganathWijetunga
AsankaChaminda

(038)-5670400
(038)-5670407

0715-120723
0713-559552

ranganath@asiacapital.lk
chaminda@asiacapital.lk

Kandy

132 2/7, Hill City Complex,


D. S .Senanayake Street, Kandy.

NilupulHettiarachchi

(081)-5628500

0777410164

nilupul@asiacapital.lk

RadhikaHettiarachchi
TharinduPriyankara
Ravi De Mel

(081)-5625577
(081)-5625577
(063)-5679071

0773692242
0777282586
0772-681995

radhika@asiacapital.lk
priyankara@asiacapital.lk
ravide@asiacapital.lk

NalakaDhanushka
DanushkaBoteju
KasunNavoda

(063)-5679070
(011)-5634803

0771-520376
0716-270527

nalaka@asiacapital.lk
boteju@asiacapital.lk

Ampara

Bandula Cinema Shopping complex, No-103,D S Senanayaka Street,


Ampara.

Kiribathgoda

Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda

Service Centers
Hambantota

Hambanthota Chamber of Commerce, ThangalleRoad,Hambantota.

SherminRanasinghe
SamithEdirisinghe

(047)-5679240

0777681866
0775-486869

shermin@asiacapital.lk
samith@asiacapital.lk

Jaffna

62/20, First Floor, Stanley Road, Jaffna

GratianNirmalan
S.Puviraj

(021)-5671800
(021)-5671801

0777-567933
0775-096969

nirmal@asiacapital.lk
puviraj@asiacapital.lk

ASIA WEALTH MANAGEMENT CO.(PVT) LTD


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

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