02nd August 2013

Volume 31

Weekly Review by Asia Wealth Management Research

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;
Large transactions bolster indices while foreign investors
interest dips..
Both indices witnessed a rebound accompanied by
comparatively higher turnover and volumes on account of
number of large transactions which took place over the week.
Pg 02

ASI Daily Closing

(ASI)
6,200

(LKR mn)
1,800
1,600

6,150

1,400

6,100

1,200

6,050

1,000

6,000

800
600

5,950

400

5,900

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
Analysis of Various Warrants Listed on CSE

Pg 04
Pg05

Commodity Prices

Investors adopt cautious approach as the bourse awaits for

Major
Price
Movements
corporate
earnings
The bourse showed lackluster momentum during the beginning
of this week; however it rose sharply on Thursday on the back
of gains made by few heavy weights, gaining 1.7% WoW.
Pg07

Major Price Movements

200

5,850

0
15- 16- 17- 18- 19- 23- 24- 25- 26- 29- 30- 31- 1- 2Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Jul Aug Aug
Turnover

ASI closing

Market Statistics
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)

26-Jul
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
1067.11
2068.16

19-Jul
6,051.77
3,427.87
13,217.24
18,706.59
1,983.53
3,293.01
159.66
3,089.13
2,328.90
17.69
1393.46
16.05
422.50
70.30
408.48
144.389

% Chg.
1.7
1.8
-0.1
9.2
-0.9
0.8
-0.1
-0.8
1.7
1.7
187
90
90
124
161
1332

Large Trades
+/- %
22.44

Company
Watawala Plantations

Volume
49,578,828

240

16.00

Pc Pharma

30,758,037

9.1

13.27

Sunshine Holdings

13,406,384

19.1

11.70

Access Engineering

5,331,006

Rich Pieris Exports

38.9

3.4

9.58

John Keells Holdings

5,190,225

Radiant Gems International

Company
Ceylon Tobacco

Price
1200

Serendib Lnd

1740

Asian Hotels & Properties

77.7

Bimputh Lanka Investments

+/-LKR
219.9

42.2

-4.5

-9.64

Panasian Power

3,291,583

Beruwala Resorts

1.8

-0.2

-10.00

Central Investment & Finance

2,641,919

Swarnamahal Finance

1.8

-0.2

-10.00

Pch Holdings

2,499,368

-1.1

-10.89

Asiri Hospital Holdings

2,451,716

287

-53

-15.59

Textured Jersey Lanka

2,073,319

Anilana Hotels And Properties

J L Morison Sons & Jones

Weekly Review by Asia Wealth Management Research

02 August 2013

Highlights for the week

Large transactions bolster indices while foreign investors interest dips..
Both indices witnessed a rebound accompanied by comparatively higher turnover and volumes on account of number of
large transactions which took place over the week. The ASI gained 104.05 points WoW to close at 6,155.8 points (1.7%),
whilst the S&P SL20 Index rose by 62.7 points WoW to close at 3,490.6 points (1.8%). Indices gained mainly on the back of
gains made by Ceylon Tobacco Company (22.4% WoW), Asian Hotels & Properties (13.3% WoW), Nestle Lanka (3.9%
WoW), Commercial Bank (2.6% WoW) and Laugfs Gas (6.5% WoW).
The weeks activity for the most part was dominated by large transactions which took place in John Keells Holdings as
well as in Banking sector counters. Activity in JKH was in response to its 1QFY14 performance as well as expectations with
respect to the firms investment in integrated resort development project; Waterfront Properties. Heightened activity was
also witnessed in Ceylon Tobacco Company in response to the tariff revisions on cigarettes. This was on account of the
expectation that its products prices will rise more than the levy hike as well as the expectation of a generous 2 nd interim
dividend which bolstered the indices to end the week in the green. With respect to the quarterly earnings released over
the week, plantation counters such as Kelani Valley Plantations and Watawala Plantations recorded a negative
performance while manufacturing counters such as Haycarb, Dipped Products and Lanka Floortiles witnessed a mixed
performance.
In addition a number of crossings were witnessed in Banking sector counters such as Commercial Bank, Sampath Bank as
well as in large cap counters such as John Keells Holdings & Aitken Spence.
Furthermore, Watawala Plantations, PC Pharma, Sunshine Holdings, Access Engineering and John Keells Holdings
topped the list in terms of volume traded during the week.
The week saw foreign purchases amounting to LKR 1,067.1 mn whilst foreign sales amounted to LKR 2,068.2 mn. Market
capitalisation stood at LKR 2,369.0 bn, and the YTD performance is 9.1%.

A member of Asia Capital Group

02nd 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

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

A member of Asia Capital Group

Price

266.00
119.10
97.00
169.00
8.60
1,200.00
151.20
111.00
190.10
697.90
40.20
200.00
415.00
129.00
1,989.00
124.00
14.30
182.00
18.30
26.00
77.70
310.00
20.50
4.70
64.00
35.50
113.50
63.50
189.00
217.10
1,250.00
420.00
170.00
7.10
56.00
304.50
70.00
10.20
116.00
97.00
33.20
640.00
115.00
17.50
85.00
146.00
13.20
3.90
75.30
27.90
21.90
6.80
360.00
13.10

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

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

18.7
10.7
8.7
3.2
8.2
27.6
7.7
5.7
10.3
14.1
14.6
7.0
20.3
9.7
31.0
15.4
7.4
6.3
5.2
4.8
13.8
15.5
8.6
1.5
10.2
5.7
3.8
7.3
7.7
7.9
16.8
5.7
8.4
7.3
14.3
12.3
13.2
3.1
4.7
6.4
10.3
8.9
4.9
13.5
6.7
23.3
17.1
23.3
14.1
10.2
8.0
12.5
27.5
8.4

2.5
1.9
1.6
1.2
1.8
61.4
1.2
0.9
1.2
2.2
1.3
1.2
2.3
1.2
34.8
1.8
1.2
1.2
0.7
1.1
1.6
8.2
1.6
1.2
1.1
0.6
1.0
1.4
1.1
1.5
2.3
0.8
1.8
1.7
1.3
1.0
1.8
1.6
1.5
1.3
1.4
1.6
1.0
0.6
1.0
2.0
1.2
3.2
2.5
1.7
1.3
1.5
4.9
1.5

Mkt Cap
Mn
228,168.4
94,577.5
5,290.7
27,833.1
70,036.5
224,788.5
48,209.1
8,884.6
57,030.0
71,185.8
72,555.4
33,551.4
81,500.6
34,197.6
106,859.9
50,343.5
22,592.0
19,088.8
15,435.8
13,845.8
34,403.6
37,200.0
20,500.0
3,444.9
11,262.6
5,998.9
7,634.8
14,643.6
15,516.3
15,600.6
25,000.0
2,694.1
16,156.8
13,902.4
26,611.2
22,837.5
23,540.3
5,390.3
8,033.8
10,746.6
17,107.6
12,800.0
6,884.1
19,014.8
8,373.8
26,732.2
19,221.1
24,873.1
15,060.0
9,346.5
1,138.8
13,293.4
28,800.0
8,580.5

Weekly Review by Asia Wealth Management Research

02nd 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
[Link], 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

A member of Asia Capital Group

Share Price
(2013/08/02)
75.90
75.90
14.00
14.00
18.70

Expiry Date

Warrant Price
(2013/08/02)

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

1.80
2.20
0.90
1.90
2.20

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

Undervalued/
(Overvalued)
(1.80)
(2.20)
(0.90)
(1.90)
(2.20)

02nd August 2013

Weekly Review by Asia Wealth Management Research

Commodity Prices
Date as at

Brent Crude Oil (USD/barrel)

12.07.13

19.07.13

26.07.13

02.08.13

WoW %
change

107.7

108.8

107.7

109.5

1.7%

METALS
Gold (USD/ounce)

1,283.1

1,290.0

1,337.5

1,293.0

-3.3%

Copper LME (USD/ton)

6992.0

6,905.0

6,997.0

6,999.0

0.0%

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)

11.07.13
N/A
11.07.13
390.00
12.07.13
130.85
171.15
198.67
1.32
21.32

17.07.13
445.17
18.07.13
390.00
19.07.13
131.62
172.69
200.50
1.31
21.43

22.07.13
449.47
23.07.13
415.00
26.07.13
131.65
174.79
202.58
1.33
21.46

31.07.13
444.02
01.08.13
402.75
02.08.13
131.65
173.95
199.06
1.32
21.48

WoW %
change
-1.2%
WoW %
change
-2.9%
WoW %
change
0.0%
-0.5%
-1.7%
-0.8%
0.1%

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

OIL
Oil prices remained elevated during the week on the back of better than expected earnings reports from U.S.
conglomerates. U.S. and Asian markets surged during the week as U.S. corporate profits topped analysts expectations
whilst the MSCI All Country World Index consisting equities in 45 markets around the world jumped 4.8% in July. On the
back of these developments price of Brent crude oil increased 1.7% WoW to USD 109.5/barrel.

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

02nd August 2013

Gold
Gold prices fell sharply during the week as investors moved towards more risky assets on account of the better than
expected earnings results from U.S. conglomerates. It is reported that more than USD 2.4 trillion in value was added to
global equities during the week based on the spike in earnings of worlds largest companies based mainly in the U.S.
Reflecting these developments the price of gold slid as much as 3.3% WoW to USD 1293.0/ounce from USD
1337.5/ounce in the London Metal Exchange.

Copper
Copper prices remained flat during the week as the markets remained sceptical on whether the better than expected
earnings of major U.S. companies would in turn translate into higher demand for worlds most utilised industrial metal.
The not so encouraging results of the U.S. manufacturing sector coupled with the slowdown in demand for Chinese
exports further assisted the price levels to remain unchanged during the week amidst healthy corporate earnings in the U.S.
Copper prices were up marginally by USD 2.0/ton WoW to USD 6999.0/ton in the London Metal Exchange on the back of
these developments.

Forex Markets

The Dollar index which gauges the greenbacks performance against 16 developed market peers declined during the week
as investors moved towards more risky assets following the better than expected second quarter results of major U.S.
firms. The Japanese Yen too trended downwards whilst Asian stocks ended in the green during the week as investors
moved from safe haven assets to more speculative investments.
Source: Bloomberg
Source: Bloomberg, AFP, Reuters, Eurostat

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

02nd August 2013

Conclusion
Investors adopt cautious approach as the bourse awaits for corporate earnings
The bourse showed lackluster momentum during the beginning of this week; however it rose sharply on Thursday on the back of
gains made by few heavy weights, gaining 1.7% WoW. Diversified giant John Keells Holdings, which witnessed 4% YoY dip
in net earnings for 1QFY14 saw much volatility during the week however remained as the top turnover contributor for the week.
During the week, Ceylon Tobacco Company commanded investors interest following an upward price revision on cigarettes,
whilst Watawala Plantations and Sunshine Holdings collectively made noteworthy contribution towards the weeks turnover
on the back of Estate Management Services, a unit of Sunshine Holdings increasing its stake in Watawala Plantations. Even
though the week witnessed relatively high level of turnover & volume and increased foreign participation compared to last wee k,
a net foreign out flow of LKR1,001.1mn witnessed during the week.
As discussed in our previous weekly 26, we expect 2QCY13 to witness mixed corporate earnings due to the challenging
macroeconomic factors that prevailed during the period. In view of that, we expect key sectors such as Diversified sector,
Manufacturing sector, Plantation sector and Motor sector to be challenged, whilst Bank Finance & Insurance and Construction
sector to post healthy earnings. Hence, we continue to advise investors to align their portfolio towards mid-long term time
horizon with fundamentally sturdy counters that are likely to deliver strong earnings growth.

A member of Asia Capital Group

02nd August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Key Buys

Manufacturing
X LKR 21.40

35
33
31
29
27
25
23
21

LKR

Tokyo Cement
N LKR 26.10

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 97.00

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.

130
125
120
115
110
105
100
95
90

LKR

Commercial Bank
N LKR 119.10

LKR

COMB
105
100
95
90
85
80
75
70
65
COMBX

A member of Asia Capital Group

02nd August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...

Banking & Finance
X- LKR 111.00

180
170
160
150
140
130
120

LKR

Hatton National Bank

N-LKR 151.20

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 59.10

Chemicals & Pharmaceuticals

X LKR 43.20

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

[Link] 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
A member of Asia Capital Group

02nd August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...

Largest specialized leasing company in Sri Lanka is a subsidiary of

Peoples Bank- the 2nd largest commercial bank inthe country, a
[Link] 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.

Sampath Bank
N LKR 200.00

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 266.00

Diversified

LKR

17
16
15
14
13
12
11
10
9

PLC

248
228
208
188
168
148
128

LKR

Banking & Finance

SAMP
310
290
270
250
230
210
190
170
150

LKR

Peopless Leasing & Finance

N LKR 14.30

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 [Link] 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.

LB Finance
Banking & Finance
N LKR 116.00
.0 Finance is a leading registered finance company engaged in
LB

LKR

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 [Link] 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.
A member of Asia Capital Group

180
170
160
150
140
130
120
110
100

LFIN

10

02nd August 2013

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...

Manufacturing

7.5
7
6.5
6
5.5
5
4.5

LKR

Piramal Glass
N LKR 5.90

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.

Aitken Spence
N LKR 124.00

Diversified

LKR

GLAS

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.

145
140
135
130
125
120
115
110
105
100

SPEN

Construction

24

LKR

Access Engineering
N LKR 20.50

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.

A member of Asia Capital Group

20
18
16
14
AEL

11

02nd August 2013

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements

As at 02nd August 2013
Dividends announcements
Company

Dividend
Per share
(LKR)

Final/ Interim

XD Date

Payment
Date

Chevron Lubricants Lanka PLC

3.00

Second Interim

24-07-2013

02-08-2013

Sunshine Holdings PLC

0.50

Final

25-07-2013

02-08-2013

Richard Pieris Exports PLC

0.40

Interim

25-07-2013

02-08-2013

12.00

Interim

25-07-2013

02-08-2013

Namunukula Plantations PLC

9.00

Interim

25-07-2013

02-08-2013

Agstar Fertilizers PLC

0.10

Final (Voting & Non Voting)

26-07-2013

05-08-2013

Colombo Investment Trust PLC

1.00

First & Final

29-07-2013

06-08-2013

York Arcade Holdings PLC

0.40

First & Final

29-07-2013

06-08-2013

Vallibel one PLC

0.70

Interim

30-07-2013

07-08-2013

Vallibel Power Erathna PLC

0.20

Interim (Tax free)

30-07-2013

08-08-2013

Ceylon Guardian Investment Trust PLC

2.50

First & Final

31-07-2013

08-08-2013

Ceylon Investment PLC

1.75

First & Final

31-07-2013

08-08-2013

Senkadagala Finance PLC

1.20

Final

31-07-2013

08-08-2013

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

10.00

Final (Subject to 10% Dividend tax)

08-08-2013

21-08-2013

Tokyo Cement Company (Lanka)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

Kandy Hotels Company (1938) PLC

0.02

Final

02-09-2013

10-09-2013

Dankotuwa Porcelain PLC

0.40

Final

12-09-2013

20-09-2013

Lanka Ventures PLC

1.00

Final

24-09-2013

02-10-2013

Elpitiya Plantations PLC

0.50

First & Final

27-09-2013

07-10-2013

Second Interim

14-08-2013

23-08-2013

14-08-2013

26-08-2013

Kegalle Plantations PLC

Associated Motor Finance Company PLC

Ceylon Tobacco PLC

15.00

Access Engineering PLC

0.25

Final

Colonial Motors PLC

3.00

First & Final

To be Notified

Orient Finance PLC

0.20

First & Final (The dividend is subject to tax)

To be Notified

Chilaw Finance PLC

0.50

First & Final

To be Notified

A member of Asia Capital Group

12

02nd 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

Hotel Services (Ceylon) 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)

A member of Asia Capital Group

Proportion
1 for 10

XC Date
12-08-2013

13

Consideration price
LKR 17.35

Weekly Review by Asia Wealth Research

02 August 2013

Valuation Guide
Company

YE SH [Link] Price
(mn) (Bn)

FINANCIAL SERVICES

Earnings(LKR Mn)
FY10

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

48.2
8.9
94.6
5.3
33.6
27.8

151.20
111.00
119.10
97.00
200.00
169.00

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

CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.

Mar
Mar

857.78
406.00

228.2
50.3

266.00
124.00

FOOD & BEVERAGE

Distilleries
Ceylon Tobacco

Mar
Dec

300.00
187.32

57.0 190.10
224.8 1200.00

TOURISM
Asian Hotels & Properties
Aitken Spence Hotel

Mar
Mar

442.78
336.29

34.4
23.5

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

Construction
Access Engineering

Mar

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

Mar
Mar

Kegalle Plantations
Namunukula Plantations

FY11

FY12

FY13

6,148.8
8,111.0 10,003.5
6,148.8
8,111.0 10,003.5
8,094.7 10,079.8 10,179.2
8,094.7 10,079.8 10,179.2
4,150.6
5,342.6 5,759.8
2,705.5
8,853.8 3,997.5

EPS
FY14E FY10 FY11 FY12

PE
FY13 FY14E FY10 FY11 FY12 FY13

FY14E

DPS

DY

ROE

BVPS

PBV

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

12.6
9.2
18.4
14.9
9.6
13.2

9.8
7.2
12.5
10.2
8.1
10.3

7.4
5.5
10.0
8.2
6.3
3.1

6.0
4.4
9.9
8.1
5.8
7.0

5.2
3.8
8.2
6.7
4.8
5.6

8.50
8.50
6.50
6.50
6.00
15.00

5.6%
7.7%
5.5%
6.7%
3.0%
8.9%

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

129.4
129.4
62.4
62.4
162.2
151.1

1.2
0.9
1.9
1.6
1.2
1.1

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

9,775.0 12,201.1 12,425.0

3,709.2 3,266.8
5,089.4

6.1
5.1

9.6
6.2

11.4
9.1

14.2
8.0

14.5
12.5

43.9
24.4

27.7
19.9

23.3
13.6

18.7
15.4

18.4
9.9

3.50
1.50

1.3%
1.2%

14%
12%

104.7
69.1

2.5
1.8

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

26.7
44.1

7.0
34.2

10.0
27.5

10.3
27.8

6.4
27.8

45

0.0%
3.8%

11%
239%

164.6
18.2

1.2
65.8

77.70
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

16.0
16.9

13.8
13.2

13.1
13.5

4.00
1.00

5.1%
0.0%

11%
14%

49.0
38.4

1.6
1.8

37.2
5.3
2.2
5.6
8.6

310.00
26.10
21.40
5.90
13.10

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

24.8
21.5
17.6
N/A
N/A

18.6
9.3
7.6
9.7
N/A

16.5
8.1
6.7
8.2
13.6

14.4
9.6
7.9
6.3
8.4

13.9
5.3
4.3
5.9
7.8

11.00
0.38
1.24

3.5%
0.0%
0.0%
6.4%
9.5%

55%
12%
12%
20%
16%

34.4
22.1
22.1
3.8
9.4

9.0
1.2
1.0
1.5
1.4

1000.0
0

20.5

20.50

808.0

962.0

1733.00

2382.00

2613.00

0.8

1.0

1.7

2.4

2.6

N/A

N/A

11.8

8.6

7.8

0.50

0.1%

19%

12.5

1.6

72.90
21.87

4,308.4
944.8

59.10
43.20

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

9.5
6.9

6.0
4.4

6.1
4.5

24.3
17.7

4.0
2.9

1.63
1.63

2.8%
3.8%

3%
3%

81.9
81.9

0.7
0.5

PLANTATIONS
Mar
25.00
Mar
23.75

2.5
1.8

100.00
75.20

376.1
146.7

837.7
409.3

681.5
374.6

542.5
409.2

892.1
454.4

15.0
6.2

33.5
17.2

27.3
15.8

21.7
17.2

35.7
19.1

6.6
12.2

3.0
4.4

3.7
4.8

4.6
4.4

2.8
3.9

0.0%
0.0%

16%
21%

134.0
84.0

0.7
0.9

*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

02 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(%) 1Y(%)

1.72
(0.10)

1.36
0.09

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
97.00
129.00
151.20
111.00
63.50
169.00
17.80
200.00
64.00
35.50
38.00
17.90

3.01
3.08
0.08
(1.43)
(0.89)
0.79
1.75
(1.66)
(1.04)
(4.48)
(0.28)
-

5.37
2.65
(2.27)
(5.13)
(4.31)
(0.93)
4.32
(3.78)
1.52
(4.19)
(0.28)
2.29

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

22.10
896.50
99.00
182.00
8.60
56.00
116.00
16.00
13.20
0.80
0.30
12.90
4.10
27.80
31.00
82.10
12.40
19.10
14.50

(3.49)
(3.60)
(0.40)
0.50
(1.14)
(3.28)
(1.11)
1.27
0.76
1.57
2.50
(4.14)
3.68
1.73
(0.80)
8.77
1.40

(15.00)
(4.63)
3.99
(3.33)
(6.04)
(7.94)
(2.44)
(8.97)
(0.77)
(14.20)
0.32
5.53
(1.59)
(10.14)
7.41

(0.87)
(6.15)

25.67
27.74

0.76
22.54
26.47
(14.68)
17.27
(11.23)
13.37
(12.11)
21.98
(0.31)
36.17
(5.11)
53.64
(20.18)
5.33
(11.31)
28.95
(12.96)
18.85
(11.72)
36.68
(18.10) (28.84)
(5.29)
37.69
(22.73)
7.37
(1.00)
(4.21)
(13.00)
(2.95)
(15.45)
(16.23)
(8.97)
(11.11)
(40.00)
(23.67)
(28.07)
(3.81)
(2.82)
6.90
(16.78)
(19.13)
2.84

(28.94)
55.26
22.22
40.87
16.00
41.77
6.13
(27.93)
3.94
(11.11)
(39.72)
(14.58)
(15.50)
5.80
13.87
5.08
(18.42)
28.32

15
A member of Asia Capital Group

Shares Trailing
Mn
ROE

BVPS

13.22%
15.73%
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%

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
68,426.88
39,343.47
9,462.15
9,462.15
3,523.25
7,814.90
7,814.90
2,011.46
8,624.13
765.86
4,773.44
2,165.54
2,165.54
36.00
166.73
16,200.61
(627.32)
535.34
69.49
3,041.11
(173.82)
1,862.55
1,702.67
41.79
(89.27)
74.51
74.51
(1,611.16)
(1,611.16)
152.87
292.52
71.00
235.42
30.86
130.20

53,026.05
12,335.75
7,566.77
2,256.05
2,256.05
1,226.63
1,262.19
1,262.19
501.93
506.89
151.45
1,055.90
509.51
509.51
38.43
57.79
3,363.04
(240.79)
150.45
20.94
703.25
5.64
171.58
466.10
(2.29)
(25.71)
17.77
17.77
(349.08)
(349.08)
64.76
91.26
13.99
57.03
26.70
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)

12.02
9.27

1.59 2,368,995.30
1.46

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
8.7
9.7
7.7
5.7
7.3
3.2
6.9
7.0
10.2
5.7
68.3
37.5

1.9
1.6
1.2
1.2
0.9
1.4
1.2
1.3
1.2
1.1
0.6
1.0
1.3

94,577.45
5,290.69
34,197.60
48,209.15
8,884.56
14,643.56
27,833.12
5,251.73
33,551.40
11,262.55
5,998.90
2,459.00
6,251.58

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
14.3
4.7
51.7
na
19.4
7.3
na
na
6.8
4.4
7.3
8.7
16.7
6.3

3.1
1.1
1.0
1.2
4.6
1.3
1.5
0.7
1.1
1.5
0.6
-0.4
-0.1
0.9
1.4
0.6
1.1
1.5
1.2

2,431.00
2,178.50
441.79
19,088.77
2,149.58
26,611.20
8,033.83
2,160.00
891.00
953.41
184.22
747.76
410.00
1,041.22
1,288.07
516.89
2,050.13
514.43
823.61

Weekly Review by Asia Wealth Research

Company
CITIZENS DEVELOP. [Link]
CITIZENS [Link] [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
103.60
1250.00
420.00
305.10
50.80
93.20
14.10

(6.25)
4.75
(1.15)
(1.18)
(2.02)
1.40
(2.20)
2.92

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

486.00
18.80
35.00

(0.31)
(2.59)
(2.78)

43.00
35.90
50.00
1.80
13.90
12.50
2200.00
19.60
3.00
32.50
1.10
389.00
17.80
8.70
5.20
22.00
14.30
1.90
14.50
81.10
3.90
598.80

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.18
(2.27) (2.05)
27.98
11.84
4.97
2.57
32.96
- 150.00
(5.26)
(18.18) (45.45) (70.00)
(8.50)
13.82
14.75 (9.68)
3.31
(2.34) (7.41) (10.71)
(1.01)
(2.97) (32.65) (9.68)
(3.23) (11.76) (6.25)
0.95
2.24 (12.81) (15.57)
(8.33)
(31.25) (57.69) (71.79)
2.37
1.04
1.04
10.98
(1.66)
(0.56) (18.35) (37.98)
2.35
19.18
55.36
(7.14)
(8.77) (24.64) (13.33)
0.46
6.28
4.76
7.84
(2.05) (5.30)
33.64
(5.00)
(13.64) (24.00) (26.92)
2.84 (5.23) (15.20)
1.38
10.94
1.38 (5.04)
(2.50)
- (17.02)
30.00
(0.20) (9.27)
-

(6.25) (6.25)
3.60
11.04
8.70
16.14
16.67
12.00
(0.29) (3.24)
(2.31) (5.93)
(6.23) (14.40)
3.68
12.80
4.52
7.43
-

2.32
27.89
(0.28)

(6.25)
26.03
66.67
43.10
13.00
20.95
9.64
45.36
76.09
89.90
20.69

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

02 August 2013

Net Profit
4Qtrs
Mar'13
534.77
143.80
534.77
143.80
577.42
184.40
42.47
1.10
34.09
12.80
710.10
313.20
630.79
169.90
(78.86)
(54.70)
686.28
171.60
37.03
13.70
(330.44) (182.64)
152.54
39.80
7.76
(2.10)
29.09
8.70
(225.76)
(65.80)
136.85
42.00
3,045.00 1,006.00
73.99
18.20
168.48
41.00
367.29
117.10
1,068.23
199.80
19.89
(17.00)
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

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
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
287.41
10.82
4.6
1.7
2,668.40
0.08
21.2
2.0
900.00
1.01
13.8
1.4
471.23
2.98
4.2
2.0
2,975.93
209.84
10.5
1.2
6,613.20
1.12
na
1.2
440.26
0.25
12.2
1.5
8,400.00
1.00
32.5
2.7
1,202.50
0.00
na
0.2
91.77
27.20
14.3
3.5
2,181.65
0.20
88.9
2.2
690.04
0.29
30.1
1.6
876.24
-0.93
na
0.9
1,555.84
4.15
5.3
1.0
726.00
1.93
7.4
1.2
22,592.03
0.13
14.4
1.4
1,063.00
1.46
10.0
2.1
1,676.56
14.59
5.6
0.5
2,041.72
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
49.0
16.8
5.7
12.2
6.8
8.4
5.3

1.5
2.3
2.3
0.8
2.2
1.4
2.0
1.6

1,500.00
3,885.00
25,000.00
2,694.08
9,153.00
2,540.00
7,988.57
5,118.30

213.99
4.02
3.64

2.3
4.7
9.6

3.1
1.0
1.7

15,991.80
1,903.50
1,750.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
9.20
6.63
17.82
55.68
3.40
3.33 (7.11)
7.46
(4.01)
(6.38) (2.81)
9.58
7.25
(7.13)
12.78
98.91
3.03
0.65
2.29
37.10
(1.46)
(1.54) (3.03) (2.29)
22.44
20.52
45.45
71.40
0.56
(3.72) (20.26) (63.36)
(2.94)
1.85 (10.81) (52.86)
0.58
12.85 (5.00)
32.19
(1.19)
5.32
59.16
(4.11)
0.00 (0.50)
0.96
2.33
(12.00) (7.04)
1.23
(1.08)
3.60
8.49
43.75
(5.13)
(11.64) (2.57)
75.00
(2.54)
(4.17)
0.88
27.78
3.99
2.10
6.65
65.75
(4.55)
(6.79) (23.88) (29.45)
(2.50)
(4.88) (15.22) (7.14)
0.93
(13.66) (15.34)
6.34
4.55
(4.17) (11.54) (8.00)
(3.51) (17.91) (14.06)

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

(3.13)
74.90
1.77
59.10 (4.84)
43.20
0.47
197.00 (1.10)
210.00 (4.11)
287.00 (15.62)
210.00
141.00
0.36
59.00 (6.19)
1.40
446.50 (1.00)
1.60
6.67

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

217.10
5.80
29.30
20.50

140.00
155.00
547.00
170.00
640.00
1200.00
18.10
16.50
209.00
190.10
2100.00
66.00
46.00
360.00
115.00
1,989.00
35.70
3.90
43.60
2.40
11.00

(1.51)
(0.41)
(1.36)
(2.38)

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%

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

(0.20)
(2.22)
(20.81)
(21.45)
31.25
(29.98)
68.76
74.27
8.46
(1.83)
(12.50)
(11.06)
(86.21)

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)

0.02 (4.71)
19.39
(1.36) (7.62)
14.26
(7.94) (18.31) (10.77)
(1.36)
9.81
11.92
1.49 (4.21)
25.77

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

(7.07)
(3.97)
(9.23)
(8.28)
(1.50)
2.39
(20.08)
(0.28)
(6.00)
(6.78)
(6.67)
(0.78)
(40.74)

(5.68)
(11.88)
(13.24)
(7.49)
6.31
(17.00)
47.13
90.56
(11.88)
(20.24)
(12.50)
(11.41)
(73.33)

17
A member of Asia Capital Group

BVPS

02 August 2013

Net Profit
-27%
4Qtrs
Mar'13
23,735.40 5,857.07
158.793
84.62
577.54
123.48
529.15
110.55
1,915.72 1,422.92
1,435.05
319.97
8,152.00 1,463.00
74.92
(83.02)
74.92
(83.02)
92.87
62.94
5,519.70
968.45
102.75
31.27
85.55
27.48
117.19
38.58
1,045.91
232.28
397.47
82.56
3,446.13
914.02
(263.03)
21.75
188.04
(11.70)
85.66
29.62
35.06
7.42
38.94
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)

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

4,464.51 1,046.29
1,983.37
336.04
(176.67) (204.33)
275.59
183.20
2,382.23
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
22.16
9.92
14.1
2.58
60.1
25.21
21.7
20.16
8.4
71.75
8.9
43.52
27.6
0.79
22.8
0.79
20.8
33.77
6.2
18.40
10.3
107.05
19.6
3.35
19.7
3.73
12.3
13.07
27.5
9.94
11.6
64.14
31.0
na
na
0.33
11.7
2.86
15.3
0.12
19.3
0.59
18.8

PBV Mkt Cap Mn

4.74
1.3
4.5
3.7
1.8
1.6
61.4
0.8
0.7
1.6
1.2
2.1
1.1
1.9
4.9
0.5
34.8
1.1
1.2
1.6
0.9
1.4

2,240.00
34,720.00
11,480.49
16,156.80
12,800.00
224,788.50
1,624.87
78.76
574.75
57,030.00
2,015.58
1,683.00
1,444.40
28,800.00
4,599.77
106,859.95
840.56
2,190.83
1,308.00
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

12.48
na
24.3
17.7
6.3
59.7
13.5
9.9
11.4
na
14.9
15.0
na

0.85
0.9
0.7
0.5
1.3
1.6
1.1
0.8
0.8
1.1
2.3
2.2
1.0

1,179.68
4,308.39
944.78
5,853.34
139.98
1,666.98
365.92
3,384.00
326.91
396.20
669.75
161.60

27.60
na
2.41
2.38

8.91
7.9
na
12.2
8.6

1.46
1.5
0.5
0.9
1.6

15,600.57
348.00
3,350.66
20,500.00

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
CEYLON THEATRES
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

124.00
415.00
146.00
32.50
274.00
304.50
33.20
266.00
12.60
7.10
31.00
9.30
6.80
2.50
17.50
2.80
1.30
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

75.90
10.40
22.00
21.80

HOTELS AND TRAVELS

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

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.88)
1.00 (4.82)
20.59
(0.72)
(0.80) (9.75)
13.04
(1.17)
(2.44) (6.76) (5.47)
0.76
- (0.68)
12.22
(0.31)
(4.41) (12.16)
26.95
(11.58)
(0.36) (11.30)
8.90
0.83
(0.16)
1.50
5.00
(0.30)
(2.35)
6.75
50.91
(0.75)
4.77 (1.44)
43.86
(5.26)
0.80
40.00
2.94 (4.11) (1.41)
(6.63)
(8.82) (1.27)
28.63
(4.12) (16.96) (2.11)
4.62
(2.86) (6.85)
15.25
- (10.71)
25.00
(2.78)
(1.69) (18.98)
25.00
(3.57)
(10.00) (22.86)
(35.00) (72.34) (89.34)
(4.08)
(6.00) (6.00)
30.56
0.53
2.29
8.33
(7.17)
(1.35)
0.85

AHPLN
GHLLN
HDEVN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
DefaultB
MainB
MainB
MainB
MainB

M
D
M
M
M
M
M

77.70
11.90
94.80
10.80
270.00
27.70
75.30

9.93
(0.83)
(2.70)
(1.53)
1.09
(4.32)

(0.22) (7.84)
4.34
(5.13) (15.57) (2.69)
8.33 (4.59)
28.40
4.27 (4.76) (12.00)
(0.45) (5.19) (2.67)
(2.30)

(7.26)

-3.29%
2.92%
na
na
3.45%

34.23
152.34
25.00
272.13

0.76

4.73
5.31 (2.08)
(4.80) (14.39) (7.75)
(5.26) (36.47) (22.30)
(3.85)
5.88
35.00
(4.48) (8.58)
9.06
(6.81) (6.92)
7.42

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

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

Net Profit
4Qtrs
33,100.83
3,266.84
4,013.75
1,149.70
635.91
365.93
1,855.02
1,657.66
12,201.08
160.43
1,902.72
632.13
301.17
1,060.66
571.16
1,403.46
(98.53)
(236.63)
2,258.36

Mar'13
11,696.96
1,193.17
2,408.60
388.39
78.68
85.12
490.84
590.54
5,232.99
132.00
330.59
145.24
11.98
277.51
224.70
242.33
(53.62)
(142.00)
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

88.43
10.17
35.51
16.76

(329.77)
88.37
(499.69)
(75.77)
157.32

(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)

8,665.62 3,864.31
3,818.96 1,286.21
2,494.30
896.80
220.41
-5.26
na
(448.71) -106.80
266.08
33.10
221.16
25.97
1,065.72
442.40

2,346.98
1,111.11
622.66
209.00

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

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%

02 August 2013

49.00
2.28
na
5.57
325.61
16.69
30.27

(138.90)
82.10
87.46
248.79

Trailing Trailing
EPS
PE
15.52
8.05
15.4
20.44
20.3
6.28
23.3
3.53
9.2
10.46
26.2
24.73
12.3
3.22
10.3
14.22
18.7
1.30
9.7
0.97
7.3
4.72
6.6
0.39
24.1
0.54
12.5
0.42
6.0
1.29
13.5
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

1.74
1.8
2.3
2.0
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

50,343.51
81,500.57
26,732.20
5,850.00
9,590.00
22,837.50
17,107.65
228,168.39
1,549.76
13,902.42
4,148.62
7,244.70
13,293.42
3,420.00
19,014.79
5,208.00
327.60
3,444.86

na
29.4
na
na
37.7

1.06
0.9
1.0
0.6
1.3

2,598.34
1,584.37
550.00
5,932.42

17.16

1.36

13.8
27.0
na
na
7.1
17.5
14.1

1.6
5.2
na
1.9
0.8
1.7
2.5

34,403.64
5,959.87
4,287.44
1,900.80
1,890.00
3,867.96
15,060.00

Weekly Review by Asia Wealth Research

Company

Year
End

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

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

70.00
81.00
18.00
17.50
82.40
75.00
33.00
83.10
49.50
8.00
13.20
43.50
60.00
18.00
1260.00
38.40
18.70
31.80
69.30
36.90
60.50
26.90
15.30
6.70
14.30
6.50
6.70
1.80
25.80

(2.78)
(0.56)
0.57
(0.48)
5.78
(2.94)
10.07
(1.23)
1.87
3.27
(2.70)
(2.92)
1.37
2.75
(1.56)
8.28
(3.71)
0.83
3.47
(7.27)
1.52
2.14
(2.99)
(5.00)
14.67

(2.78)
4.79
(2.72)
(7.41)
(8.44)
1.90
(2.94)
3.75
(2.94)
(9.09)
1.54
(11.04)
(14.89)
(10.00)
(3.07)
(1.60)
(6.50)
(3.37)
(6.73)
1.68
(3.97)
1.13
(8.38)
(4.29)
(8.33)
6.35
(5.00)
(4.44)

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

128.00
189.00
85.00
103.90
116.10
241.00
36.80
23.00
36.50

(0.87)
(4.26)
(2.41)
(1.05)
(2.02)
0.04
0.57
(6.12)
(0.82)

(2.41)
(8.57)
1.89
(7.71)
(8.13)
(7.04)
(1.63)
(2.78)
(0.86)
(6.67)

1Y(%)

(11.17)
(2.41)
(16.36)
(12.50)
(15.05)
1.35
(8.08)
6.54
(13.91)
(23.81)
(0.75)
(10.12)
(31.35)
(11.33)
(4.20)
(9.54)
(27.80)
(16.00)
(5.46)
0.83
(13.57)
(19.05)
(17.82)
(24.42)
(9.46)
(20.83)
16.74

4.48
18.97
28.78
(2.78)
(48.50)
25.00
11.11
10.80
(13.91)
33.33
4.76
(6.25)
(33.33)
(3.74)
13.54
2.78
(30.74)
(38.24)
2.36
22.64
(14.67)
27.62
4.79
1.52
2.88
16.07
(8.22)
(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

(7.29)
13.73
(23.76) (35.61)
0.75
26.00
(5.56)
28.79
(12.69)
9.37
(18.91)
13.92
(9.09) (17.15)
(3.31)
16.28
(10.51) (8.00)
(15.35) (31.58)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

19
A member of Asia Capital Group

Shares Trailing
Mn
ROE

1Q(%)

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
Mar'13
4,846.66 2,578.10
1,782.02
946.20
374.07
127.40
187.74
41.20
(123.90)
-79.30
(368.23) -130.00
(23.98)
-4.20
211.85
97.40
67.51
26.50
21.70
21.70
165.80
42.30
1,121.02
741.80
112.16
57.10
na
58.20
24.20
271.38
78.90
142.00
47.60
(6.20)
35.80
110.30
57.30
61.33
36.70
202.50
93.10
97.04
23.40
274.10
169.80
274.10
169.80
22.70
28.70
157.50
66.40
(118.48)
-27.20
2.38
-7.50
(7.35)
24.00
51.50
38.80
3,297.04 1,994.81
13.19
(2.89)
2,002.40 1316.50
1,258.76
763.20
(34.86)
-39.90
(113.10)
-56.30
(100.56)
47.90
305.00
-36.30
305.00
-36.30
(33.79)
2.60

02 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)

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

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
10.4
12.4
na
na
na
8.2
7.2
12.8
27.9
17.1
17.8
na
14.6
9.3
8.2
na
14.4
10.2
5.8
12.5
10.9
6.2
36.2
10.1
na
438.2
na
28.8

1.8
1.6
0.7
0.5
0.7
na
0.7
2.0
0.9
0.8
1.2
0.8
na
0.9
1.0
0.9
0.6
0.9
0.9
1.1
0.5
1.7
0.9
0.9
1.5
0.7
0.6
1.8
1.7

23,540.30
3,890.77
2,332.80
3,006.94
891.30
67.50
1,742.40
486.88
278.44
4,620.00
19,221.14
2,001.00
165.00
847.20
2,524.88
1,167.04
1,804.12
1,590.00
623.70
1,166.83
1,210.00
2,031.35
550.97
820.75
1,585.68
1,047.80
1,042.52
1,080.00
1,485.41

1.65
24.39
12.78
na
na
na
5.99
5.99
na

9.19
77.5
7.7
6.7
na
na
na
6.1
3.8
na

0.96
1.8
1.1
1.0
0.5
0.5
0.5
0.8
0.5
2.0

1,022.14
15,516.28
8,373.76
675.35
754.65
1,234.05
1,638.24
147.85
942.93

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
120.00
12.60
10.00
43.70
68.80
13.90
29.00
27.00
69.70
24.80
48.80
18.30
51.00
1740.00
14.60
180.00
4.00

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.36)
(1.37) (2.16)
29.95
0.71
8.46
12.80
(1.72)
(2.52)
36.36
70.21
1.61
(3.82) (12.50)
3.28
1.01
(1.96)
4.17
47.06
(1.80)
(5.00) (19.96)
36.56
2.99
8.86 (2.27)
12.97
0.72
(6.08) (9.15)
4.51
(3.01)
(7.35) (13.43)
2.11
16.88 (8.16)
39.90
12.42
(5.17) (5.81) (15.00)
(0.40)
18.01
46.47
99.20
(5.61)
(2.40) (7.22) (1.41)
(1.08)
(0.54)
14.38
42.97
(7.27)
(4.14) (11.61)
34.21
16.00
42.02 (3.33) (7.17)
0.69
(3.95) (15.12) (7.01)
- (0.55)
12.50
(2.44)
- (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

02 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
9.74
5.43
5.2
9.29
12.9
1.65
7.7
0.29
34.8
0.24
180.3
20.50
3.4
na
na
3.51
8.3
1.44
18.8
na
na
na
na
3.78
12.9
3.50
5.2
5.30
9.6
27.64
63.0
0.11
130.6
3.83
47.05
0.69
5.83

PBV Mkt Cap Mn

0.90
0.5
1.5
1.2
0.3
2.4
0.7
1.5
0.7
1.4
na
7.6
0.7
0.7
1.2
2.7
1.1
7.5
0.1

1,369.88
1,224.00
168.59
1,479.65
8,734.80
825.60
1,921.54
1,169.33
837.00
125.46
432.25
854.04
15,435.76
3,366.00
626.40
175.20
1165.80
427.62

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

125.00
67.10
90.00
10.70
16.00
2.50
1.00
23.00
69.00
40.50
310.00
13.80
115.00
27.30
72.50
44.70
28.50
8.10
120.00
75.00
63.10
4.60
15.40
23.50
5.90
27.60
70.00
38.90
97.00
90.20
123.80
12000.00
26.10
21.40
2.10
13.10
5.6
15
6.5

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.80)
(0.95)
1.93
30.33
1.63
(1.81)
13.43
28.87
(3.73)
(4.14) (12.74)
25.19
(9.09)
(3.23) (10.00)
1.12
1.90
(1.83) (20.74) (24.11)
3.23
(1.84) (17.95) (39.85)
(3.85)
(7.41) (40.48) (40.48)
(9.09)
(16.67) (41.18) (41.18)
(8.00)
(10.51) (8.37)
14.43
1.47
(7.26) (7.63)
10.40
1.49
(5.34) (19.84) (15.00)
(1.96)
0.78
21.57
78.16
(2.13) (23.76)
12.20
(2.13)
(7.26) (8.29)
32.18
(4.21)
(2.85) (7.14)
31.25
(6.93)
(12.55) (6.09) (0.55)
0.68
3.23
7.97
73.26
(1.05)
3.30 (17.06)
6.02
(5.88) (14.89) (6.98)
6.67
87.50
0.67
0.94
7.14
25.00
(0.32)
2.10 (6.37)
4.46
2.22
6.98 (20.69) (23.33)
1.99
11.59 (2.53) (11.49)
(9.23) (11.94)
11.32
0.73
0.36 (8.91) (8.00)
2.94
2.34
3.09 (11.28)
9.58
11.14
11.78
84.36
(0.41)
(3.96) (9.60)
13.45
(5.05)
(12.68) (8.24)
7.25
4.92
0.65 (14.03) (24.33)
33.33 139.99 215.79
1.16
2.35
2.76 (3.33)
0.95
(1.39)
12.11
7.58
(4.55) (12.50) (12.50)
4.80
5.65
65.82
(1.67)
(4.84) (27.16) (32.95)
(4.48)
(7.25) (33.33) (61.68)

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
Mar'13
11,898.73 3,863.97
148.22
42.66
532.03
99.28
40.01
7.60
(41.26)
(7.89)
na
(26.31)
(6.84)
(26.31)
(6.84)
52.23
15.60
96.46
25.87
149.25
17.52
2,396.43
769.86
42.63
0.62
1,417.89
379.48
26.17
7.30
203.53
60.12
442.27
114.58
(9.96)
(11.87)
(17.80)
301.38
137.18
639.85
265.67
520.01
260.77
(42.20)
2.72
(10.57)
17.33
na
724.38
110.79
264.52
74.60
86.82
41.74
138.07
24.57
1,670.39
573.70
45.30
6.49
19.39
6.14
0.47
25.18
827.85
447.63
827.85
447.63
(6.77)
(1.23)
1,016.57
322.95
208.47
(20.04)
208.47
(20.04)
43.03
53.90

02 August 2013

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)

(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

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
9.86
34.80
3.6
8.88
7.6
9.50
9.5
na
na
na
na
na
na
na
na
1.10
20.8
9.76
7.1
2.49
16.3
19.97
15.5
0.59
23.4
23.69
4.9
3.27
8.3
9.34
7.8
5.50
8.1
na
na
na
na
10.05
11.9
12.06
6.2
9.52
6.6
na
na
na
na
na
na
0.76
7.7
3.08
9.0
7.71
9.1
12.37
3.1
15.08
6.4
11.77
7.7
5.04
24.6
3.57 3360.3
2.73
9.6
2.73
7.9
na
na
1.55
8.4
0.68
8.3
11.93
1.3
0.78
8.3

PBV Mkt Cap Mn

1.60
0.9
0.7
0.6
0.5
0.7
2.1
0.9
5.9
0.7
0.9
8.2
1.3
1.0
0.5
0.7
2.0
0.7
na
1.3
1.3
0.7
1.3
0.7
na
1.5
1.1
1.0
3.0
1.3
0.9
0.5
12.0
1.2
1.0
0.7
1.5
0.8
0.1
0.5

532.35
4,018.87
379.13
274.06
192.93
258.25
153.37
1,088.28
682.01
2,430.00
37,200.00
996.99
6,884.07
218.40
1,580.50
3,593.88
390.53
1,405.44
3,600.00
3,978.78
3,445.26
179.40
421.53
1,597.46
5,605.51
2,372.68
788.75
434.27
10,746.57
347.09
476.17
1,567.99
5,285.25
2,166.75
1,128.78
8,580.53
1,722.15
262.11
356.96

Weekly Review by Asia Wealth Research

Company

Year
End

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
98.00
505.00
1749.90
275.10
113.50

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

697.90
1285.00
1302.00
1090.00
949.50

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

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

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

Price Performance
1W(%)
1M(%)
0.60
(1.93)
(0.01)
(0.01)
(1.01)
(2.68)
(0.67)
(2.88)
(2.78)
0.26
9.13
10.00
2.99
(5.42)
3.33
1.68
16.75
(0.76)
8.84
5.50

(0.29)
1.13
(8.21)
(2.47)
(0.91)
(0.05)

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

(1.93)
24.70
0.82
25.50
0.39
10.60 (6.19)
27.00 (7.53)
24.00 (0.85)
32.10 (6.96)
100.00 (1.47)
81.00
5.19
46.50 (3.29)
13.00 (0.78)
4.70
4.44
4.20
5.00
12.50 (1.57)
75.20
0.13
22.80 (2.56)
27.10 (9.67)
11.60
16.90 (2.87)
26.70 (17.78)
45.50
-

(3.60)
(7.49)
(5.56)
(7.02)
(14.01)
(4.88)
0.94
(4.37)
3.98
(6.75)
(2.31)
10.53
(5.30)
0.27
0.44
(15.58)
(2.50)
(6.11)
(20.71)
-

M
M
M
M
M
M
M

0.94
245.00 (10.09)
10.20
0.99
14.50
3.57
107.50
0.09
80.00
5.26
40.50
3.08
3.00
3.45

0.83
(2.00)
(0.97)
3.57
2.38
5.26
0.50
(3.23)

1Q(%) 1Y(%)
4.09
9.01
(2.25)
22.46
8.89 (48.42)
(1.06) (14.71)
(3.51) (5.41)
14.87
37.57
12.60
57.86

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%

489.31
250.88
859.71
649.41
126.90
109.57

0.42
(2.41)
15.76
(1.36)
11.20
5.50

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

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

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

(1.53)
(2.34)
7.98
(8.44)
(0.82)
5.50

(8.86)
7.65
(24.70) (17.67)
(25.00)
(15.87)
34.18
(18.67) (32.67)
(14.91)
14.71
(13.48) (5.31)
(11.05)
6.34
(0.25) (4.71)
(12.15) (11.32)
(12.41)
35.11
2.17
34.29
(10.64)
23.53
(6.02) (3.85)
(4.93)
36.73
(10.94)
41.61
(0.37)
19.38
0.86
40.96
(7.14)
23.36
(18.08)
19.35
-

(5.53)
(4.30)
0.99
(6.45)
2.38
6.67
(8.64)
(9.09)

35.48
(2.08)
37.84
79.01
41.45
25.20
28.43
3.45

22
A member of Asia Capital Group

BVPS

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

02 August 2013

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

312.21
818.43
786.82
933.71
800.95

5,778.00 2,255.03
5,042.37 2,146.35
146.61
21.97
152.69
21.68
257.40
37.10
178.94
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

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 1,215.12
465.71
1.5
62.49
11.4
352.16
67.9
60.41
41.56
201.04
47.65
113.92
72.32
542.47
95.43
651.46
150.98
516.73
113.22
57.49
14.17
268.02
51.05
268.02
51.05
268.54
88.93
409.16
86.27
312.09
85.40
23.33
29.40
680.24
124.84
434.80
66.12
256.75
66.99
236.25

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
-

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

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

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

86.91
6.51
5.85
72.7
72.7
17.00
2.68

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

110.65
176.23
80.08
80.08
112.65
98.04

Trailing Trailing
EPS
PE
7.36
25.83
32.9
1.96
50.0
52.06
9.7
93.02
18.8
33.25
8.3
29.92
3.8

PBV Mkt Cap Mn

1.00
1.7
0.4
0.6
2.7
2.2
1.0

1,019.88
1,489.60
4,482.60
6,336.11
1,659.85
7,634.81

49.43
21.34
21.82
37.09
25.78

17.9
14.1
60.2
59.7
29.4
36.8

1.9
2.2
1.6
1.7
1.2
1.2

71,185.80
8,829.63
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
9.6
2.5
20.7
3.0
22.5
4.6
4.2
3.6
6.6
4.3
3.9
2.5
4.4
1.7
22.5
4.0
2.8
1.8
4.1

0.64
0.5
0.2
0.9
0.8
0.4
2.1
0.7
1.1
0.5
0.2
0.5
0.5
0.4
0.9
0.4
1.0
0.7
0.5
0.6
0.8

617.50
602.73
887.75
1,250.53
600.00
2,564.46
2,500.00
2,754.00
1,860.00
377.00
1,055.57
96.60
674.42
1,786.00
541.50
525.71
2,745.33
1,231.44
460.97
969.15

na
3.29
0.71
7.35
7.35
2.15
0.43

11.5
na
3.1
20.5
14.6
10.9
18.8
7.0

1.98
2.8
1.6
2.5
1.5
1.1
2.4
1.1

5,471.82
5,390.27
15,936.84
2,744.18
667.64
9,061.15
4,228.52

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.56)
1.01 (2.30)
30.25
0.23
2.83
3.32
47.80
(2.40)
(7.05) (10.14)
4.84
(3.96)
(1.20) (7.82)
9.63
(0.79)
(3.36) (16.20) (10.71)
0.02
(3.54) (30.52) (9.22)
(0.87)
(0.87)
12.44 (39.68)
2.44 (16.00) (16.00)
(4.35)
(8.33) (21.43)
-

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%

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)

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

4,751.00 1,306.53
282.45
71.22
2,908.80
805.89
116.33
13.96
289.14
12.16
1,060.82
364.72
1,060.82
364.72
(29.98)
(12.46)
82.93
30.26
40.51
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

(387.13)
7.90
(395.03)

2.52
(6.60)
9.12

(2.35)
2.87
(5.22)

1.79

13,496.41 3,180.52
8,536.41 1,594.52
4,960.00 1,586.00

1,805.68
928.68
877.00

6,545.20
4,744.20
1,801.00

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

89.00
97.50
165.00
1250.00
1250.00
1140.00
4.20
2.30

STORES AND SUPPLIES

COLOMBO PHARMACY
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

519.00
1250.00
162.20
330.00

(1.40)
(3.89)
(2.97)
(3.80)
3.31

4.05
5.51
13.83
(2.08) (17.21) (12.03)
19.05
25.00
31.47
(14.13) (9.08) (22.76)
(10.65) (8.17)
10.20

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

109.20
67.00
7.60
8.10
14.00
42.20
95.00
2470.00
1.90

(0.50)
(0.18)
(1.47)
1.25
(0.71)
(9.64)
(0.63)
-

(3.09)
(4.52)
(3.04)
(6.17)
1.25
(2.10)
(5.59)
(2.06)
(13.33)
-

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
26.00
3.90
6.20
27.90
21.90
5.10
2.40
9.20

2.07
(0.54)
1.19
2.63
(1.59)
6.11
(3.77)
6.98

2.13 (1.35)
30.19
(4.17) (8.00)
3.95
0.79 (1.16)
59.38
8.33
2.63
2.63
29.17
9.02
3.35
29.30
4.76
8.37
60.58
(8.93) (16.39) (7.27)
(8.00) (14.81) (8.00)
(5.15) (14.02) (21.37)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

6.30
1.20

(3.98)
(1.61)
(8.33)

(1.93) (44.55) (51.82)

1.67 (16.44)
35.56
(8.33) (66.67) (81.36)

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

8.60
40.20

(0.13)
(0.25)

D
D

(8.98)
(11.67)
(4.29)
24.59
(22.86)
(22.65)
(19.16)
(8.65)
(5.36)
(17.39)

2.07 (8.84)
2.38 (11.34)
1.77 (6.29)

(1.31)
4.57
14.14
52.00
(31.36)
0.72
(18.85)
(5.75)
(31.39)
(13.64)

23.12
43.33
8.36

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

23
A member of Asia Capital Group

BVPS

02 August 2013

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

207.36
46.18
6.26
8.66
23.27
7.63
37.39
546.33
1.94

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

-32.64%
122.13 15.36%
343.40
na

0.88
2.92

14.22%
8143.78 22.01%
1804.86 8.84%

4.76
31.10

(362.64)
16.42
(379.06)

Trailing Trailing
EPS
PE
24.06
12.22
7.3
2.05
47.5
na
na
na
na
na
na
na
na
0.34
12.2
0.36
6.4

PBV Mkt Cap Mn

1.70
1.7
2.0
2.9
9.1
1.9
17.5
2.4
1.1

5,411.20
286.38
469.42
43.76
62.50
114.03
478.80
598.00

38.39
104.79
12.62
na

17.91
13.5
11.9
12.8
na

0.90
0.7
1.0
3.7
0.8

660.61
3,169.32
369.51
1,697.85

3.39
4.50
0.05
na
na
na
6.97
na
na

32.43
32.2
14.9
147.3
na
na
na
13.6
na
na

0.94
0.5
1.5
1.2
0.9
0.6
5.5
2.5
4.5
1.0

7,739.55
2,411.23
1,065.49
951.31
4,891.14
101.28
11,894.91
205.89
342.00

2.26
5.46
0.24
0.39
2.74
2.74
na
0.17
0.41

7.54
8.2
4.8
16.0
16.0
10.2
8.0
na
14.5
22.7

1.30
0.8
1.1
1.7
2.5
1.7
1.3
0.7
1.5
1.3

2,303.68
13,845.78
1,861.35
4,632.08
9,346.50
1,138.80
556.35
1,200.00
920.00

1.79

0.13
na

46.9
na

1.06
7.2
0.4

769.43
412.08

1,965.01
1,269.01
696.00

1.05
2.75

10.57
8.2
14.6

1.50
1.8
1.3

70,036.49
72,555.37

(7.68)
11.60

Weekly Review by Asia Wealth Research

02 August 2013

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24
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Research
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(94-11)5320362
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Corporates

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(94-11)5320256
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Economy

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Retail Sales
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CSE Floor

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Matara

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(041)-5677525
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Galle

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0773-687027

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Negombo

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

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Moratuwa

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Ashan Silva
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(011)-5238662
(011)-5238663

077-0458028

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Panadura

Asian Alliance Building, 293, Galle Road, Panadura

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(038)-5670400
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Kandy

132 2/7, Hill City Complex,

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Ampara

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Kiribathgoda

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Service Centers
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Hambanthota Chamber of Commerce, ThangalleRoad,Hambantota.

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(047)-5679240

0777681866
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Jaffna

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GratianNirmalan
[Link]

(021)-5671800
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0777-567933
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