Weekly Review by Asia Securities Research

Volume 09

28 February 2014

In This Issue;

ASI Daily Closing

Amidst a QoQ improvement in quarterly financials,

activities remained low during week
The Benchmark index edged up marginally WoW after falling
for 9 days consecutively, although S&P 20
Pg 02

Colombo Bourses Billion Rupee Club

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

(ASI)
6,200
6,150
6,100
6,050
6,000
5,950
5,900
5,850
5,800
5,750
5,700
5,650

(LKR mn)
2,500

2,000
1,500
1,000
500
0

7- 10- 11- 12- 13- 17- 18- 19- 20- 21- 24- 25- 26- 28Feb Feb Feb Feb Feb Feb Feb Feb Feb Feb Feb Feb Feb Feb
Turnover

ASI closing

Market Statistics
Analysis of Various Warrants Listed on CSE
Commodity Prices

Pg 04
Pg05

Emotions
driving the market movement
Major
Pricelargely
Movements
The Colombo Bourse which continued its downward trend
during the first two days of the week driven by the negative
investor.
Pg07

Arpico Finance Company

Price
250.0

+/-LKR
-110.0

+/- %
-30.56

Company
PC House

84.3

-16.8

-16.62

Amana Bank Limited

Sinhaputhra Finance

106.0

-16.0

-13.11

PCH Holdings

Serendib Lnd

873.0

-127.0

-12.70

Expolanka Holdings

1,100.0

-139.0

-11.22

PC Pharma

0.5

0.1

25.00

Sierra Cables

68.4

11.4

20.00

The Finance

5.9

0.8

15.69

Tokyo Cement

64.6

7.6

13.33

Citrus Leisure

1.8

0.2

12.50

Swarnamahal Finance

Selinsing
PC House
John Keells Holdings(W0023)
The Finance(X)
John Keells Holdings(W0022)
Sierra Cables

28-Feb
5,940.31
3,223.66
13,342.47
19,582.75
1,751.59
3,155.69
173.20
2,903.89
2,480.80
18.98
2,224.50
17.02
556.10
120.50
588.50
748.10

21-Feb
5,937.28
3,237.82
13,344.03
20,247.32
1,714.05
3,128.27
168.55
2,863.22
2,479.40
18.96
3,853.90
29.48
770.80
212.20
1,040.80
1,814.00

% Chg.
0.1
-0.4
0.0
-3.3
2.2
0.9
2.8
1.4
0.1
0.1
-42.3
-42.3
-27.9
-43.2
-43.5
-58.8

Large Trades

Major Price Movements

Company
George Steuart Finance

All Share Index

S&P
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)

Volume
15,743,981
10,444,477
4,281,396
4,120,337
3,886,363
3,322,934
3,251,965
3,227,947
2,862,419
2,711,431

Weekly Review by Asia SecuritiesResearch

28 February 2014

Amidst a QoQ improvement in quarterly financials, activities remained low during week
The Benchmark index edged up marginally WoW after falling for 9 days consecutively, although S&P 20 on liquid shares
closed with a WoW dip. The ASI gained 3.0 points WoW to close at 5,940.3 points (+0.1%), whilst the S&P SL20 Index
lost 14.2 points WoW to close at 3,223.7 points (-0.4 %). ASI gained mainly on the back of gains made by John Keells
Holdings (+5.2% WoW), Sri Lanka Telecom (+6.9% WoW), Lanka Orix Leasing (+6.3% WoW), Trans Asia Hotels
(9.8% WoW) and Lanka IOC (+6.5% WoW)
The Colombo bourse revived marginally on Wednesday subsequent to falling for 9 days consecutively. However, activities
during the week were rather passive with low daily turnovers and volumes, whilst the week witnessed a crossing on each
trading day except for Friday that that witnessed three crossings. Meanwhile, average daily turnover was LKR 556mn
which was a WoW dip of 28.0%, whilst average daily volume was 30.1mn as against 42.4mn recorded in the previous
week. Further, foreign participation also subdued over the week whilst remaining tilted towards the selling side.
Conglomerate John Keells Holdings emerged with the highest turnover for the week recording a contribution of [Link]
434.3mn representing approximately 20.0% of the weeks cumulative turnover tally. The counter witnessed three crossings
over the week where c.455k shares hands at LKR 209.0 and LKR 210.0. Commercial Bank which recorded the second
highest turnover for the witnessed few block trades on the normal board with the support of few institutional and high net
worth individuals. In addition, few other counters that witnessed crossings during the week were Distilleries Company of
Sri Lanka where c.287k shares changed hands at LKR 205.0, Lanka IOC with 500k shares changing hands at LKR 40.0,
Tokyo Cement voting with 1.5mn shares at LKR 35.0 and 1.0mn Tokyo Cement non-voting shares at LKR 29.0.
Meanwhile, PC House, Amana Bank, PCH Holdings and Expo Lanka were amongst the counters that recorded the
highest number of share volumes during the week with the support of retail and high net worth buying.
The week saw foreign purchases amounting to LKR 588.5mn whilst foreign sales amounted to LKR 748.1mn. Market
capitalisation stood at LKR 2,480.8bn and the YTD performance is 0.5%.

A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Colombo Bourses Billion Rupee Club

Table below shows the members who have qualified to be a part of Asia Securities 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

Code

Price

ROE

BVPS

JOHN KEELLS HOLDINGS

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

JKH N
COMBN
COMBX
NDB N
HNB N
HNB X
CTC N
CDICN
DISTN
DIALN
SLTLN
LIOCN
SAMPN
OSEAN
NESTN
DFCCN
SPENN
CFINN
PLC N
CARSN
AEL N
LLUBN
AHPLN
TAP N
BUKIN
HAYLN
CINSN
CINSX
NTB N
SEYBN
SEYBX
AHUNN
HHL N
GUARN
TKYON
TKYOX
LOLCN
CCS N
UML N
AMSLN
LGL N
LGL X
LFINN
CTHRN
RICHN
DIPDN
TJL N
CINVN
EXPON
KHL N
RCL N
CTEAN
DOCKN
VONEN

224.00
115.00
97.00
179.50
152.00
125.00
1090.00
516.00
203.00
9.20
44.90
39.60
172.00
20.30
2,010.00
143.00
98.80
191.00
14.30
350.00
22.20
277.00
60.00
2.60
551.00
288.00
1373.90
430.00
65.40
62.00
36.00
72.60
38.50
185.00
34.70
29.00
78.90
145.00
128.00
11.80
32.50
25.10
98.00
142.90
6.70
88.40
15.40
75.10
8.50
12.20
83.50
700.00
184.00
16.30

12.64%
16.61%
16.61%
36.33%
16.02%
16.02%
188.46%
131.89%
11.17%
12.96%
8.37%
28.50%
13.45%
16.56%
102.35%
8.63%
10.83%
16.79%
15.88%
9.90%
20.69%
47.00%
11.62%
76.51%
5.62%
9.32%
14.53%
14.53%
18.31%
9.54%
9.54%
14.73%
14.94%
13.86%
23.23%
23.23%
8.56%
19.78%
22.34%
48.30%
21.89%
21.88%
26.48%
8.42%
16.97%
17.75%
19.37%
14.84%
12.07%
6.62%
13.02%
13.35%
10.30%
3.40%

94.05
68.60
68.60
150.18
139.34
139.34
24.37
164.67
166.42
4.74
31.51
28.79
171.94
27.69
64.68
140.31
70.97
174.32
11.98
153.65
13.45
44.56
48.19
2.91
381.36
307.66
543.79
543.79
48.60
60.29
60.29
39.50
24.94
166.41
24.25
24.25
44.65
95.67
117.37
6.80
17.52
17.52
77.81
91.25
4.12
119.61
9.39
81.47
4.84
11.52
76.53
412.83
145.80
27.97

ROE: Trailing 4 quarters return on equity

BVPS: Most recent quarter book value per share
Net Profit: Trailing 4 quarters net profit

11,776.24
9,675.97
9,675.97
8,993.80
8,930.60
8,930.60
8,603.00
7,146.29
5,577.10
5,006.98
4,758.00
4,368.90
3,880.59
3,869.43
3,556.70
3,209.64
3,121.47
3,068.87
3,007.00
2,987.72
2,782.14
2,513.19
2,479.66
2,234.19
2,187.74
2,150.45
2,086.78
2,086.78
2,051.95
1,983.56
1,983.56
1,956.39
1,919.75
1,893.48
1,882.20
1,882.20
1,815.80
1,798.63
1,763.71
1,734.76
1,484.25
1,483.92
1,426.80
1,406.55
1,368.81
1,270.67
1,191.50
1,190.67
1,142.96
1,110.38
1,103.57
1,102.46
1,078.67
1,032.71

Trailing
EPS
11.89
11.39
11.39
54.56
22.33
22.33
45.93
217.18
18.59
0.61
2.64
8.20
23.12
4.59
66.20
12.11
7.69
29.26
1.90
15.21
2.78
20.94
5.60
2.23
21.45
28.67
79.00
79.00
8.90
5.75
5.75
5.82
3.73
23.06
5.63
5.63
3.82
18.93
26.22
3.28
3.84
3.83
20.60
7.68
0.70
21.23
1.82
12.09
0.58
0.76
9.96
55.12
15.01
0.95

Trailing PE
18.8
10.1
8.5
3.3
6.8
5.6
23.7
2.4
10.9
15.0
17.0
4.8
7.4
4.4
30.4
11.8
12.9
6.5
7.5
23.0
8.0
13.2
10.7
1.2
25.7
10.0
17.4
5.4
7.3
10.8
6.3
12.5
10.3
8.0
6.2
5.1
20.6
7.7
4.9
3.6
8.5
6.5
4.8
18.6
9.6
4.2
8.5
6.2
14.5
16.0
8.4
12.7
12.3
17.2

PBV
2.4
1.7
1.4
1.2
1.1
0.9
44.7
3.1
1.2
1.9
1.4
1.4
1.0
0.7
31.1
1.0
1.4
1.1
1.2
2.3
1.7
6.2
1.2
0.9
1.4
0.9
2.5
0.8
1.3
1.0
0.6
1.8
1.5
1.1
1.4
1.2
1.8
1.5
1.1
1.7
1.9
1.4
1.3
1.6
1.6
0.7
1.6
0.9
1.8
1.1
1.1
1.7
1.3
0.6

Trailing EPS: Trailing 4 quarters earnings per share

Trailing PE: Trailing 4 quarters price to earnings ratio
PBV: Price to book ratio based on most recent quarter book value

3
A member of Asia Capital Group

Net Profit

Mkt Cap Mn
221,812.04
91,395.05
5,290.69
29,590.38
48,591.54
10,041.74
204,182.89
16,978.95
60,900.00
74,922.76
81,038.21
21,088.18
28,866.56
17,122.73
107,988.18
37,908.97
40,112.41
20,032.72
22,592.03
68,735.42
22,200.00
33,240.00
26,566.52
2,607.08
56,202.00
21,600.00
27,478.00
2,758.23
15,081.72
10,910.60
6,083.39
24,414.65
19,838.69
15,187.89
7,729.43
3,229.88
37,493.28
13,780.80
8,610.19
6,235.80
10,887.50
1,305.20
6,787.20
26,164.60
13,119.19
5,291.76
10,087.04
7,398.47
16,616.78
17,764.99
9,250.91
14,000.00
13,222.04
17,710.92

Weekly Review by Asia Securities Research

28 February 2014

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-0006
REEF-W-0019
JKH-W-0022
JKH-W-0023

118.00
142.00
39.00
40.00
185.00
195.00

Share Price
(2014/02/28)
63.50
63.50
13.20
15.30
224.00
224.00

Expiry Date

Warrant Price
(2014/02/28)

25-Aug-14
25-Aug-15
24-Feb-15
15-Jun-15
28-Sep-15
27-Sep-16

0.60
1.10
0.70
1.20
64.60
68.40

4
A member of Asia Capital Group

Price According to
Black Scholes model
(Intrinsic value)
0.00
0.00
0.00
0.00
77.38
90.89

Undervalued/
(Overvalued)
(0.60)
(1.10)
(0.70)
(1.20)
12.78
22.49

Weekly Review by Asia Securities Research

28 February 2014

Commodity Prices
Date as at

07.02.14

13.02.14

21.02.14

28.02.14

WoW %
change

107.3

108.6

110.3

108.8

-1.4

METALS
Gold (USD/ounce)

1,261.5

1,289.7

1,317.6

1,332.3

1.1

Copper LME (USD/ton)

7,129.5

7,155.0

7,155.0

7,025.0

-1.8

05.02.14

11.02.14

19.02.14

26.02.14

WoW %
change

519.07

513.77

503.25

510.99

1.5

07.02.14

13.02.14

21.02.14

27.02.14

WoW %
change

285.00

295.00

300.00

305.00

1.7

07.02.14

13.02.14

21.02.14

28.02.14

WoW %
change

130.70
177.64
213.33
1.28
21.56

130.82
178.13
217.43
1.28
21.57

131.03
179.72
218.15
1.28
21.52

131.10
179.61
218.67
1.29
21.27

0.1
-0.1
0.2
0.8
-1.2

Brent Crude Oil

(USD/barrel)

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)

Source: Bloomberg, CBSL, RDDSL, Asia Siyaka, Citi Bank

Oil
Crude oil prices trended downwards during the week on speculation that the demand for oil could slowdown in both the
US and China. According to the data released by the EIA, for the week ended 21 February 2014, crude oil stockpiles in the
US increased by 68,000 barrels to 362.4m barrels despite crude oil consumption dipping 2.3% WoW during that period.
Further, the speculation that weaker property market and tightening credit in China would impact the growth prospects of
the country, exerted downward pressure on both equities and crude oil prices. On the back of these developments, brent
crude oil for delivery in April dipped 1.4% WoW.

5
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Commodity Prices
Gold
Gold extended its rally and headed for its first back to back monthly gain since August 2013 on concerns that the US
economic recovery is losing steam. The recently released data including the data on factory output and retail sales in the
US fell below analysts expectation, which prompted the Fed Chairman to indicate yesterday that the central bank is open
to reconsidering the pace of the curtailment of the stimulus. Further upward thrust was witnessed in gold price as demand
for safe haven assets increased amidst the continuing emerging market crisis and the political turmoil in Ukraine.

Copper
Copper price trend downward during the week to its 2 month low on concerns that growth is slowing down in China,
which is the largest copper consumer. Analysts expect an official report to be released tomorrow to show a slowdown in
manufacturing activity for the month of February. Meanwhile, the depreciation of CNY against the USD also raised
concerns that the higher cost of copper imports could dampen the demand for copper. On the back of these developments,
copper for delivery in 3 months in the LME dropped as much as 1.8% WoW.

Forex Markets
The JPY gained against most of its major trading currencies due to the rise in demand for its safe haven nature amidst the
political turmoil in Ukraine and due to the expectation that the Japanese Central Bank would delay its stimulus as the
country inflation peaked to its 5 year high. Meanwhile the CNY tumbled against the USD on speculation that Chinas
central bank would widen the currencys trading band, which could in turn result in high volatility in the currency amidst
the waning growth prospects of the country. Further, the Brazils Real advanced against the USD as the country posted a
stronger than expected 4Q2013 GDP figure.
Source: Bloomberg

6
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Conclusion
Emotions largely driving the market movement
The Colombo Bourse which continued its downward trend during the first two days of the week driven by the
negative investor sentiment took an about turn on Wednesday and continued its rally on Friday. Further, the ASI
which was dragged down into the negative territory on Monday, returned to the positive territory subsequent to the
strong rebound witnessed during the last two trading days of the week backed by the positive sentiment portrayed
by the investors.
During the week several Banks released their 4Q2013 results and as observed with other company results, the
sector also witnessed an improvement in earnings cf. the previous quarters demonstrating its resilience. The overall
slowdown in the 2013 full year banking sector earnings cf. the performance in 2012, largely reflects the adverse
macro conditions that prevailed during the period such as, slowdown in credit growth, fairly sticky market lending
rates, moderation of economic growth and deterioration of asset quality. However, we expect an overall
improvement in the banking sector performance in 2014, driven by the expansionary monetary policy adopted by
the CBSL, continuous drop in market lending rates, improvement in external trade and overall improvement in the
global economic growth prospects. Further, we believe that the banking sector stocks could continue to draw
investor attention during 2014 as the CBSL spearheads a consolidation process within the industry to transform
into a more vibrant sector to help assist the country to achieve its USD100bn GDP target.
Whilst upswings and downswings are part and parcel of a stock market, myopic behaviour driven by emotions
could result in investors taking irrational investment decisions that could lead to losses and opportunities lost. As
such, we continue to advise investors to focus on fundamental factors such as potential growth prospects, margin
expansion, attractive valuations, etc in picking stocks rather than being entirely driven by herd mentality and
emotions, whilst align their portfolios to a relatively longer time horizon to benefit from the growth prospects of
the bourse and the country.

7
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Focus on Investment Key Buys

Manufacturing
X LKR 29.00

LKR

Tokyo Cement
N LKR 34.70

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.

35
33
31
29
27
25
23
21

LKR

TKYO

23
22
21
20
19
18
17
16

TKYOX

Banking& Finance

180

LKR

LB Finance
N LKR 98.00

160

LB Finance is a leading registered finance company engaged in

Leasing and Hire Purchase business. Company is operating with a
total asset base of LKR 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.

120
100
80

LFIN

Construction
24
22
20
18
16
14

LKR

Access Engineering
N LKR 22.20

140

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.

AEL

8
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Focus on Investment Contd...

180
170
160
150
140
130
120

Banking & Finance

X- LKR 125.00

LKR

Hatton National Bank

N-LKR 152.00

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
130
120
110
100
90
80

LKR

HNBX

Banking& Finance

248
228
208
188
168
148
128

LKR

Sampath Bank
N LKR 172.00

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.

SAMP

9
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Stock Exchange Announcements

As at 28st February 2014
Dividends announcements

Company
NDB Capital Holdings PLC

Dividend Per
share (LKR)
8.50

Final

XD Date
21-02-2014

Payment Date
04-03-2014

National Development Bank PLC

5.00

Final

25-02-2014

07-03-2014

Asian Alliance Insurance PLC

4.80

Interim

26-02-2014

10-03-2014

HNB Assurance PLC

3.25

Final

28-03-2014

07-04-2014

AIA Insurance Lanka PLC

2.00

First & Final

28-03-2014

07-04-2014

Kelani Valley Plantations PLC

3.50

First & Final (Liable to 10% Tax)

31-03-2014

08-04-2014

Janashakthi Insurance Company PLC

1.00

Final (Subject to Tax)

31-03-2014

08-04-2014

Talawakelle Tea Estates PLC

3.00

First & Final Dividend

01-04-2014

09-04-2014

Sampath Bank PLC

8.00

First & Final

01-04-2014

08-04-2014

Ceylon Tobacco Company PLC

8.55

Final (Less Withholding Tax)

03-04-2014

11-04-2014

Overseas Realty (Ceylon) PLC

0.45

Final

25-04-2014

06-05-2014

Overseas Realty (Ceylon) PLC

1.00

Special Dividend

25-04-2014

06-05-2014

Dialog Axiata PLC

0.29

Final

Hatton National Bank PLC

7.00

Final

To be notified
31-03-2014
08-04-2014

Colombo Dockyard PLC

4.00

First & Final

06-03-2014

17-03-2014

Sri Lanka Telecom PLC

0.85

First & Final

10-04-2014

23-04-2014

Commercial Bank Of Ceylon PLC

2.00

Final

Nations Trust Bank PLC

2.10

First & Final

To be notified
01-04-2014
09-04-2014

Union Assurance PLC

6.00

First & Final

07-03-2014

18-03-2014

Nestle Lanka PLC

32.00

Interim

07-03-2014

18-03-2014

Nestle Lanka PLC

28.00

Final

23-05-2014

02-06-2014

Seylan Bank PLC

Seylan Developments PLC

2.25

First & Final

01-04-2014

09-04-2014

0.30

First & Final

01-04-2014

09-04-2014

Finlays Colombo PLC

1.50

Final

31-03-2014

08-04-2014

Regnis (Lanka) PLC

2.00

Final

11-03-2014

20-03-2014

Singer Sri Lanka PLC

2.50

Final

11-03-2014

20-03-2014

Singer Industries (Ceylon) PLC

0.50

Final

11-03-2014

The Housing Development Finance Corporation

Bank Of Sri Lanka PLC
Ceylinco Insurance PLC

0.25

Final

16.00

First & Final

Final/ Interim

11-03-2014
To be notified

01-04-2014

09-04-2014

Scrip Dividend
Company

Description

XD Date

Voting - 1 New share for every 63.61 shares held

Commercial Bank of Ceylon PLC

To be notified
Non-Voting - 1 New share for every 52.61 shares held

10
A member of Asia Capital Group

Weekly Review by Asia Securities Research

28 February 2014

Stock Exchange Announcements Contd...

Rights Issues
Company

Proportion / Issue Price

XR date

02 for 03 @ LKR50.00

28-02-2014

Arpico Finance

11
A member of Asia Capital Group

Last Date Of
Acceptance &
Payment

18-03-2014

Trading of rights
Commences on

10-03-2014

Weekly Review by Asia Wealth Research

28 February 2014

Valuation Guide
Company

YE

SH
(mn)

[Link]
(Bn)

Price

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

319.68
80.33
794.74
54.54
167.83
164.85

48.6
10.0
91.4
5.3
28.9
29.6

152.00
125.00
115.00
97.00
172.00
179.50

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
10,793.9
10,793.9
3,669.1
3,997.5

11,625.6
11,625.6
11,784.2
11,784.2
5,770.0
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
53.7

25.0
25.0
12.7
12.7
21.9
24.2

29.1
29.1
13.9
13.9
34.4
30.2

12.7
10.4
17.7
15.0
8.3
14.1

9.9
8.1
12.1
10.2
7.0
10.9

7.5
6.2
9.7
8.2
5.4
3.3

6.1
5.0
9.0
7.6
7.9
7.4

5.2
4.3
8.3
7.0
5.0
6.0

8.50
8.50
6.50
6.50
6.00
15.00

5.6%
6.8%
5.7%
6.7%
3.5%
8.4%

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

129.1
129.1
62.4
62.4
162.2
150.9

1.2
1.0
1.8
1.6
1.1
1.2

CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.

Mar
Mar

990.23
406.00

221.8
40.1

224.00
98.80

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

9,775.0
3,709.2

12,201.1
3,266.8

10,664.5
5,089.4

5.3
5.1

8.3
6.2

9.9
9.1

12.3
8.0

10.8
12.5

42.6
19.5

26.9
15.8

22.7
10.8

18.2
12.3

20.8
7.9

3.50
1.50

1.6%
1.5%

14%
12%

90.7
69.1

2.5
1.4

FOOD & BEVERAGE

Distilleries
Ceylon Tobacco

Mar
Dec

300.00
187.32

60.9 203.00
204.2 1090.00

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

28.5
40.1

7.5
31.1

10.7
25.0

11.0
25.2

6.8
25.3

3
45

1.5%
4.1%

11%
239%

164.6
18.2

1.2
59.8

TOURISM
Asian Hotels & Properties
Aitken Spence Hotel

Mar
Mar

442.78
336.29

26.6
24.4

60.00
72.60

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
46.6

18.7
23.6

12.4
17.5

10.7
13.7

10.1
14.0

4.00
1.00

6.7%
0.0%

11%
14%

49.0
38.4

1.2
1.9

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

Dec
Mar
Mar
Mar
Mar

120.00
222.75
111.38
950.09
655.00

33.2
7.7
3.2
3.7
10.1

277.00
34.70
29.00
3.90
15.40

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
427.3
1,097.0

12.5
1.1
1.1
(0.1)
0.9

16.7
2.6
2.6
0.6
1.0

18.8
2.9
2.9
0.7
1.0

21.5
2.5
2.5
0.9
1.6

22.3
4.5
4.5
0.4
1.7

22.1
31.4
26.2
N/A
N/A

16.6
13.5
11.3
6.4
N/A

14.7
11.9
10.0
5.4
16.0

12.9
14.0
11.7
4.1
9.9

12.4
7.7
6.4
8.7
9.2

11.00
1.00
1.00
0.38
1.24

4.0%
2.9%
3.4%
9.7%
8.1%

55%
12%
12%
20%
16%

34.4
20.1
20.1
3.8
9.4

8.1
1.7
1.4
1.0
1.6

CONSTRUCTION
Access Engineering

Mar

1000.00

22.2

22.20

808.0

962.0

1733.00

2382.00

2613.00

0.8

1.0

1.7

2.4

2.6

N/A

N/A

12.8

9.3

8.5

0.50

0.1%

19%

12.5

1.8

POWER & ENERGY

Laugfs Gas (Voting)
Laugfs Gas (Non voting)

Mar
Mar

335.00
52.00

10.9
1.3

32.50
25.10

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

51.7
40.0

14.8
11.4

13.5
10.4

11.9
9.2

9.7
7.5

1.50
1.50

4.6%
6.0%

16%
16%

19.4
17.5

1.7
1.4

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

12
A member of Asia Capital Group

Weekly Review by Asia Securities Research

Company

Code

Year
End

Price
(LKR) 1W(%)

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
AMANA BANK LIMITED
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 Performance
1M(%) 1Q(%)

1Y(%)

Shares Trailing
Mn
ROE

Net Profits
4 Qtrs
trailing

Net Profits (mn)

Trailing Trailing
EPS
PE

PBV Market Cap

(mn)
1.58 2,480,830.20

Sep13

Jun'13

Mar'13

Dec'12

0.05

(4.48)

3.35

5.09

11.60%

181,672.95 31,711.95

34,184.23

52,140.59

63,460.92

13.66

(0.01)

(4.46)

7.47

4.96

14.30%

10,866.21
7,487.77
2,230.95
2,230.95
595.40
2,149.70
2,149.70
478.37
797.75
10.52
651.74
484.24
484.24
12.03
77.07

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

28,927.79
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

8.73

1.25

11.39
11.39
12.11
22.33
22.33
8.90
54.56
1.53
23.12
5.75
5.75
2.34
0.53

10.1
8.5
11.8
6.8
5.6
7.3
3.3
10.6
7.4
10.8
6.3
14.0
32.7

1.7
1.4
1.0
1.1
0.9
1.3
1.2
1.2
1.0
1.0
0.6
0.8
1.2

91,395.05
5,290.69
37,908.97
48,591.54
10,041.74
15,081.72
29,590.38
4,779.67
28,866.56
10,910.60
6,083.39
2,109.56
6,076.95
7,128.96

2,688.16
(212.87)
64.76
2.10
826.56
(16.04)
693.94
228.02
8.37
(58.95)
13.59
13.59
(433.26)
(433.26)
36.55
70.49
11.86
53.25
11.39
46.23

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

3,320.99
(101.30)
147.63
20.00
756.28
2.03
513.84
403.94
6.92
(27.97)
19.00
19.00
(510.40)
(510.40)
32.78
72.60
15.30
63.04
1.23
27.88

na
181.89
15.90
29.26
0.20
3.82
20.05
na
na
0.04
0.04
na
na
4.52
7.21
10.29
1.44
1.80
2.50

na
4.1
5.3
6.5
39.6
20.6
4.9
na
na
31.1
13.0
na
na
7.1
4.2
10.3
8.6
29.7
7.0

3.9
0.8
0.8
1.1
6.7
1.8
1.2
0.7
0.9
2.3
0.9
-0.3
-0.1
1.0
1.2
0.8
1.1
3.9
1.4

1,782.00
1,822.50
376.19
20,032.72
1,974.62
37,493.28
6,787.20
1,863.00
1,080.00
1,430.12
307.03
689.80
590.00
1,194.78
1,246.52
667.36
2,033.60
1,440.93
999.69

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

MainB
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
D

115.00
97.00
143.00
152.00
125.00
65.40
179.50
16.20
172.00
62.00
36.00
32.60
17.40
5.70

0.09
3.19
0.70
(0.39)
2.29
0.15
(2.92)
3.85
1.42
(1.90)
4.41
(1.80)
1.74
7.84

(9.52)
(0.10)
(4.73)
(4.40)
(1.65)
0.62
(2.97)
(7.43)
(2.82)
(7.90)
6.61
(11.35)
(6.91)
-

1.77
9.73
19.27
5.56
11.02
6.34
18.94
1.89
6.17
(4.92)
14.52
10.81
5.42
-

5.50
5.43
19.17
2.01
3.65
10.85
23.78
(8.99)
(26.84)
0.32
(1.39)
(27.11)
12.90
-

794.74
54.54
265.10
319.68
80.33
230.61
164.85
295.04
167.83
175.98
168.98
64.71
349.25
1250.70

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

16.20
750.00
84.30
191.00
7.90
78.90
98.00
13.80
16.00
1.20
0.50
11.90
5.90
31.90
30.00
106.00
12.30
53.50
17.60

(5.00)
(16.62)
0.53
4.00
6.33
0.72
2.22
10.34
25.00
11.21
18.00
6.33
(0.99)
(13.11)
5.13
4.68
0.57

(4.71)
(3.15)
(13.54)
0.53
(14.29)
7.20
(3.07)
(9.21)
3.90
(20.00)
(13.14)
(24.36)
10.00
(1.96)
9.50
(5.38)
101.12
-

(10.99)
(9.57)
(22.52)
8.89
6.85
25.04
(1.31)
(1.43)
37.93
50.00
66.67
38.37
78.79
27.60
3.09
23.69
4.24
225.45
26.62

(35.46)
(0.57)
4.07
7.18
(11.36)
39.15
(33.31)
(19.30)
23.08
50.00
25.00
(6.30)
22.92
27.60
45.01
262.84
50.43

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

13
A member of Asia Capital Group

BVPS

28 February 2014

16.61%
16.61%
8.63%
16.02%
16.02%
18.31%
36.33%
10.91%
13.45%
9.54%
9.54%
5.93%
3.73%

68.60
68.60
140.31
139.34
139.34
48.60
150.18
13.99
171.94
60.29
60.29
39.40
14.28

64,596.16 12,573.80
39,513.50 8,778.75
9,675.97 2,755.97
9,675.97 2,755.97
3,209.64
592.51
8,930.60 2,349.98
8,930.60 2,349.98
2,051.95
616.14
8,993.80
891.96
450.27
28.92
3,880.59
859.16
1,983.56
535.25
1,983.56
535.25
151.15
108.49
185.98
40.38

11.69%
na
19.80%
14.48%
16.79%
16.99%
8.56%
24.33%
na
na
7.33%
7.33%
na
na
13.89%
29.67%
7.53%
12.29%
13.28%
20.03%

4.18
918.74
109.83
174.32
1.17
44.65
82.40
20.71
16.85
0.53
0.53
-46.88
-46.88
32.50
24.31
136.68
11.70
13.56
12.50

12,369.78
(666.91)
441.99
70.96
3,068.87
49.86
1,815.80
1,388.34
(47.81)
(176.91)
69.71
69.71
(1,680.39)
(1,680.39)
169.12
299.68
64.81
237.62
48.50
142.19

3,028.75
(111.95)
79.15
27.93
782.78
58.23
436.44
290.28
(60.82)
(64.29)
19.35
19.35
(387.65)
(387.65)
35.03
65.33
23.67
64.29
9.18
37.51

Weekly Review by Asia Securities 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

47.00
38.00
49.10
2.30
18.10
15.50
2200.00
14.70
3.90
27.90
0.90
329.50
14.70
7.40
4.80
18.30
14.30
1.70
13.30
75.50
4.20
250.00

Price
1W(%)
(0.52)
4.76
5.23
6.90
(3.85)
(6.38)
(0.70)
7.25
4.35
(0.54)
0.70
(5.56)
2.31
(0.39)
(30.56)

Performance
1M(%)
(2.49)
(3.80)
(8.33)
(1.09)
(1.27)
(18.92)
5.56
(6.06)
(18.18)
(3.37)
(16.96)
(15.91)
(7.69)
(2.66)
(7.14)
(15.00)
(6.99)
(5.73)
(8.89)
(34.21)

1Q(%)
14.36
5.56
49.59
50.49
9.49
35.71
(12.54)
8.75
(13.94)
(5.13)
17.07
12.96
5.15
(10.53)
(4.32)
1.61
7.89
(48.98)

1Y(%)
18.69
26.67
(1.80)
(38.89)
50.83
22.05
(42.75)
15.15
(7.00)
(71.88)
(5.86)
(11.25)
21.31
(18.64)
6.72
(29.17)
(10.74)
14.70
5.13
(61.54)

Shares Trailing
BVPS
Mn
ROE
46.30 17.89%
60.20
8.01 17.89%
60.20
58.70 34.03%
29.11
500.00
na
0.05
33.90
8.32%
11.22
238.07 43.67%
7.56
3.01
9.55% 1989.75
22.46
na
13.05
2800.00 12.91%
2.12
37.00
1.50%
11.69
83.43
na
2.27
5.61 24.32% 121.95
38.77
na
7.83
105.75
5.72%
5.59
299.20
na
4.85
33.00 11.70%
22.58
1579.86 17.50%
11.76
559.47
9.50%
1.38
115.63 14.52%
7.07
25.18 10.81% 137.72
6377.71 11.91%
1.31
22.50
na
14.14

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

1.40
89.00
1373.90
430.00
265.00
62.90
114.80
13.90

(4.30)
(0.09)
(11.37)
(0.16)
3.73
-

(6.67)
2.53
3.90
3.61
(2.86)
(0.16)
0.88
1.47

10.83
7.04
8.86
0.76
19.81
17.03
11.29

(6.67)
9.07
46.10
55.80
(23.10)
20.96
28.20
25.45

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

516.00
18.70
38.00

(0.77)
3.89
(5.00)

(3.70)
(1.58)
(11.63)

14.67
17.61
1.06

7.46
57.14
18.75

14
A member of Asia Capital Group

10.56%
1.48%
14.53%
14.53%
15.66%
19.47%
23.81%
22.17%

1.03
36.44
543.79
543.79
138.10
37.62
48.49
9.40

32.90 131.89%
101.25 20.38%
50.00 20.88%

164.67
18.77
26.68

Net Profit
4Qtrs
584.74
584.74
581.51
(385.59)
31.63
785.68
571.28
(139.49)
765.82
6.49
(512.98)
166.32
(9.13)
33.78
(290.57)
87.21
3,251.00
73.38
118.68
374.64
993.44
(13.46)
4,976.87
108.94
20.22
2,086.78
2,086.78
648.58
366.25
989.85
756.25
7,736.01
7,146.29
387.45
278.51

28 February 2014

Sep'13
135.95
135.95
164.47
(367.36)
3.46
172.91
148.40
(35.11)
454.96
(13.79)
37.30
(7.09)
7.50
(136.01)
0.80
786.00
19.49
29.09
103.73
225.42
(5.81)

Jun'13
135.02
135.02
76.17
(40.59)
6.50
172.99
95.19
(39.20)
76.50
2.12
(182.14)
50.27
(4.05)
7.63
(101.10)
6.12
681.00
15.90
9.74
80.63
294.50
(1.02)

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
778.0
19.79
38.85
73.18
273.73
10.37

468.36
(12.32)
(98.18)
233.44
233.44
111.82
50.18
101.53
81.88
297.94
158.47
25.55
113.92

364.86
17.20
(56.60)
162.70
162.70
-9.26
54.71
78.36
117.75
325.42
211.05
62.04
52.33

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

3,355.45
70.86
138.81
1,364.04
1,364.04
514.02
211.26
698.56
357.92
6,571.15
6,439.40
79.51
52.24

Trailing Trailing
EPS
PE
10.77
4.4
10.77
3.5
9.91
5.0
na
na
0.93
19.4
3.30
4.7
190.05
11.6
na
na
0.27
14.3
0.18
159.2
na
na
29.66
11.1
na
na
0.32
23.2
na
na
2.64
6.9
2.06
6.9
0.13
13.0
1.03
13.0
14.88
5.1
0.16
27.0
na
na

PBV

Mkt Cap Mn

0.8
0.6
1.7
50.7
1.6
2.1
1.1
1.1
1.8
2.4
0.4
2.7
1.9
1.3
1.0
0.8
1.2
1.2
1.9
0.5
3.2
17.68

2,176.06
304.23
2,882.41
1,150.00
613.61
3,690.15
6,613.20
330.19
10,920.00
1,032.30
75.08
1,847.95
569.86
782.57
1,436.16
603.90
22,592.03
951.10
1,537.81
1,900.74
26,786.39
5,625.00

0.10
0.35
79.00
79.00
21.62
7.32
11.55
2.08

13.3
253.1
17.4
5.4
12.3
8.6
9.9
6.7

1.4
2.4
2.5
0.8
1.9
1.7
2.4
1.5

1,400.00
3,337.50
27,478.00
2,758.23
7,950.00
3,145.00
9,840.00
5,045.70

217.18
3.83
5.57

2.4
4.9
6.8

3.1
1.0
1.4

16,978.95
1,893.38
1,900.00

Weekly Review by Asia Securities Research

Company

Year
End

28 February 2014

BEVERAGE FOOD AND TOBACCO

BAIRAHA FARMS
CARGILLS
CEYLON BEVERAGE HOLDINGS
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

130.00
135.00
500.00
145.00
700.00
1090.00
16.50
13.90
203.10
203.00
2100.00
58.20
50.60
393.00
107.10
2,010.00
36.00
3.50
36.00
2.20
10.00

Price
1W(%)
(3.28)
3.84
(2.88)
(2.89)
(2.68)
(2.10)
(5.89)
(0.61)
2.96
(9.73)
(2.40)
(2.33)
(0.34)
(8.00)
0.23
(0.47)
(0.54)
9.09
12.15
2.13

Performance
1M(%)
(9.67)
(1.14)
(10.30)
(0.40)
(12.12)
1.45
(16.26)
(7.43)
(0.71)
(14.99)
(2.26)
(12.22)
(4.53)
3.39
(6.14)
(5.42)
(5.51)
(10.26)
(4.00)
(4.35)
(7.69)

1Q(%)
3.34
(0.15)
(12.73)
(3.85)
5.07
10.24
3.14
3.85
4.51
(5.53)
7.35
(4.46)
(6.13)
(0.78)
15.55
1.90
4.15
(0.55)
(2.78)
4.76
(1.03)

1Y(%)
23.76
4.42
(7.41)
6.50
8.37
6.06
43.49
(12.43)
2.21
62.48
12.78
(12.46)
(16.26)
44.57
22.81
(1.83)
23.69
(9.77)
(20.45)
(14.49)
(4.35)
(14.29)

Shares Trailing
BVPS
Mn
ROE
20.31%
16.00 10.87% 112.14
224.00
3.59%
52.48
20.99 27.54%
73.64
95.04 19.21%
98.53
20.00 13.35% 412.83
187.32 188.46%
24.37
89.77
0.22%
23.69
4.77
0.22%
23.69
2.75 30.09% 141.45
300.00 11.17% 166.42
0.96 12.67% 1013.46
25.50
8.20%
58.39
31.40 12.69%
26.07
80.00 15.71%
76.71
40.00
3.77% 234.38
53.73 102.35%
64.68
23.55 10.01%
36.79
561.75
4.58%
3.47
30.00
6.47%
27.90
282.21
7.22%
2.99
66.43
3.92%
7.49

Net Profit
4Qtrs
23,779.47
195.00
421.82
425.64
1,798.63
1,102.46
8,603.00
4.90
4.90
117.03
5,577.10
123.28
122.09
103.84
964.19
353.43
3,556.70
86.68
89.14
54.17
60.86
19.51

Sep'13
6,053.03
52.57
49.78
113.94
152.99
391.99
2,333.00
33.73
33.73
13.45
1,492.60
37.83
23.44
9.57
258.53
(3.31)
905.56
78.72
60.78
7.29
43.50
(2.92)

Jun'13
6,416.51
52.18
121.36
102.78
160.22
159.08
2,823.00
22.88
22.88
14.45
1,643.19
24.52
29.76
20.54
287.70
85.59
787.32
19.87
34.00
15.77
4.24
8.07

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
5,452.86
5.63
127.20
98.37
62.51
231.42
1,984.00
31.31
31.31
26.20
1,472.85
29.66
41.42
35.16
185.68
188.58
949.80
(33.67)
6.06
1.50
5.70
3.49

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

77.00
46.50
37.00
170.10
215.00
269.90
200.00
105.00
61.00
1.30
404.10
1.10

(0.74)
(1.28)
0.87
1.09
(1.68)
(1.04)
0.67
3.04
8.33
(13.60)
-

(7.59)
(8.22)
(10.58)
(11.48)
(8.55)
(4.95)
17.35
11.11
(12.65)
(1.61)
(15.23)
(15.38)

(7.59)
(3.75)
(6.06)
12.12
(7.20)
(2.63)
(7.00)
15.61
(16.07)
14.88
8.33
(4.06)
(26.67)

(14.62)
(1.28)
(23.01)
(24.49)
(0.12)
4.66
58.76
102.02
(29.29)
(3.63)
(13.33)
(20.69)
(89.00)

15.75
72.90
21.87
29.71
0.67
5.81
1.74
24.00
5.54
283.00
1.50
101.00

4.27%
na
3.23%
3.23%
17.31%
2.70%
8.86%
8.86%
na
na
10.11%
11.22%
na

76.57
41.76
41.76
158.32
131.26
261.53
261.53
131.41
50.82
0.65
208.55
0.63

680.05
(42.88)
127.86
127.86
814.14
2.37
174.88
174.88
(237.03)
(20.93)
18.58
35.10
(192.02)

(316.29)
(3.52)
(4.25)
(4.25)
100.87
0.45
45.93
45.93
(431.61)
(1.52)
6.34
12.18
(41.17)

(44.92)
(1.22)
(75.27)
(75.27)
199.89
0.57
30.19
30.19
(185.44)
2.29
7.85
2.62
(26.41)

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)

713.12
(12.51)
152.10
152.10
207.5
0.52
46.24
46.24
307.20
(6.25)
4.12
10.90
3.29

na
1.35
1.35
27.40
3.55
23.16
23.16
na
na
0.07
23.40
na

24.22
na
34.5
27.4
6.2
60.6
11.7
8.6
na
na
19.8
17.3
na

1.03
1.0
1.1
0.9
1.1
1.6
1.0
0.8
0.8
1.2
2.0
1.9
1.7

1,212.75
3,389.85
809.19
5,054.07
143.31
1,567.66
348.50
2,520.00
337.99
367.90
606.15
111.10

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

184.00
4.90
30.20
22.20

0.07
1.27
6.67
1.38
(0.89)

(4.47)
(3.87)
(9.43)
(9.82)
(3.90)

1.88
2.86
(4.00)
12.21
-

(1.99)
(20.17)
(18.64)
42.72
7.77

71.86
60.00
114.36
1000.00

14.23%
10.30%
na
12.16%
20.69%

145.80
9.59
41.01
13.45

4,152.19
1,078.67
(278.67)
570.06
2,782.14

976.00
192.58
(44.34)
166.16
661.59

764.57
115.84
(66.45)
160.97
554.22

1,046.29
336.04
(204.33)
183.20
731.38

1,365.33
434.21
36.45
59.73
834.95

15.01
na
4.98
2.78

9.43
12.3
na
6.1
8.0

1.34
1.3
0.5
0.7
1.7

13,222.04
294.00
3,453.59
22,200.00

15
A member of Asia Capital Group

Trailing Trailing
EPS
PE
20.68
12.19
10.7
1.88
71.7
20.28
24.7
18.93
7.7
55.12
12.7
45.93
23.7
0.05
318.5
0.05
268.3
42.56
4.8
18.59
10.9
128.44
16.3
4.79
12.16
3.31
15.3
12.05
32.6
8.84
12.1
66.20
30.4
3.68
9.8
0.16
22.1
1.81
19.9
0.22
10.2
0.29
34.0

PBV

Mkt Cap Mn

4.20
1.2
2.6
6.8
1.5
1.7
44.7
0.7
0.6
1.4
1.2
2.1
1.0
1.9
5.1
0.5
31.1
1.0
1.0
1.3
0.7
1.3

2,080.00
30,240.00
10,494.05
13,780.80
14,000.00
204,182.89
1,481.23
66.35
558.53
60,900.00
2,015.58
1,484.10
1,588.84
31,440.00
4,283.79
107,988.18
847.62
1,966.13
1,080.00
620.86
664.29

Weekly Review by Asia Securities 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
F L C 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

98.80
350.00
142.90
27.00
304.00
288.00
38.50
224.00
12.60
6.70
30.00
10.40
8.50
2.10
16.30
2.20
0.90
2.60

Price
1W(%)
2.19
(1.10)
(0.09)
2.81
6.35
0.70
(2.01)
2.39
3.96
0.80
1.54
7.22
6.25
(2.41)
4.00

FOOTWEAR AND TEXTILES

CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

63.50
10.50
20.90
20.20

5.55
6.90
4.95
5.76

(8.18)
(7.84)
(13.82)
12.97
(8.18)

4.95
1.76
3.92
14.21
5.76

(3.49)
2.09
11.58
(4.13)
(9.01)

0.88

(1.62)

(0.81)

(6.14)

0.84
2.88
1.61
(1.12)
0.97
6.46

(7.14)
(10.08)
(3.82)
(4.85)
2.63
(3.13)

(9.53)
(12.30)
(3.82)
6.00
5.76
(8.72)

(14.57)
(7.76)
(10.00)
12.77
19.08
5.01

HOTELS AND TRAVELS

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

AHPLN
GHLLN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
MainB
MainB
MainB
MainB

M
D
M
M
M
M

60.00
10.80
12.60
265.00
30.40
79.90

Performance
1M(%)
(4.29)
(2.08)
(0.37)
(0.76)
(9.15)
4.83
(3.03)
(3.75)
(6.44)
(1.56)
(1.49)
(7.69)
(5.56)
(9.09)
(4.71)
(15.38)
(18.18)
(10.34)

1Q(%)
1.09
(8.51)
(4.19)
(4.73)
(1.47)
34.93
1.05
16.67
2.18
22.33
3.09
25.30
14.86
(9.09)
(2.99)
(4.35)
(43.75)
(7.14)

1Y(%)
(5.63)
(17.58)
(20.52)
9.92
(5.96)
(1.62)
(2.37)
42.59
(6.16)
9.57
(1.49)
14.07
(6.31)
26.87
(16.67)
2.53
(37.14)
(87.84)
(42.22)

16
A member of Asia Capital Group

Shares Trailing
Mn
ROE
8.95%
406.00 10.83%
196.39
9.90%
183.10
8.42%
180.00
na
35.00
5.52%
75.00
9.32%
515.29 14.94%
990.23
9.92%
123.00 10.88%
1958.09 16.97%
133.83 13.86%
779.00
2.57%
1954.92 12.07%
1368.00
h
1086.56
3.40%
1860.00
na
252.00
na
1002.72 76.51%
-4.19%
5.54%
na
na
4.69%

34.23
152.34
25.00
272.13

BVPS

70.97
153.65
91.25
40.42
159.25
307.66
24.94
119.84
10.84
4.12
31.88
9.48
4.84
4.70
27.97
5.59
2.81
2.91

Net Profit
4Qtrs
29,031.45
3,121.47
2,987.72
1,406.55
(363.13)
307.40
2,150.45
1,919.75
11,776.24
145.15
1,368.81
591.42
189.51
1,142.96
385.98
1,032.71
(492.96)
(872.77)
2,234.19

Sep'13
2,579.54
559.67
(829.26)
(65.40)
(750.60)
71.42
468.60
707.50
2,059.21
(22.82)
295.97
176.36
53.94
342.29
26.62
279.49
(157.07)
(597.32)
(39.06)

Jun'13
4,826.50
666.94
585.12
665.44
(60.31)
42.06
418.39
276.71
1,586.40
18.31
185.19
65.39
38.97
323.07
(32.95)
146.28
(54.96)
(85.73)
42.17

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

89.00
9.70
28.25
16.69

(409.81)
168.71
(469.23)
(322.57)
213.29

18.45
83.33
0.16
(147.18)
82.13

(197.06)
40.99
(92.33)
(211.53)
65.82

(249.94)
9.20
(262.93)
20.18
(16.39)

18.74
35.19
(114.1)
15.96
81.73

48.56
16.09
6.45
482.41
14.69
29.50

7,920.07
3,617.46
2,479.66
325.11
(324.19)
295.03
(165.29)
1,007.14

1,433.39
769.13
567.05
54.18
26.71
98.54
(171.80)
194.45

273.87
451.01
393.15
67.19
-105.20
81.29
-106.92
121.50

3,864.31
1,286.21
896.80
-5.26
-106.80
33.10
25.97
442.40

2,348.49
1,111.11
622.66
209.00
(138.90)
82.10
87.46
248.79

6.66%
442.78
500.83
242.00
7.00
139.64
200.00

11.53%
4.04%
na
8.74%
na
17.07%

28 February 2014

Trailing Trailing
EPS
PE
16.69
7.69
12.9
15.21
23.0
7.68
18.6
na
na
8.78
34.6
28.67
10.0
3.73
10.3
11.89
18.8
1.18
10.7
0.70
9.6
4.42
6.8
0.24
42.8
0.58
14.5
0.28
7.4
0.95
17.2
na
na
na
na
2.23
1.2

PBV

Mkt Cap Mn

1.49
1.4
2.3
1.6
0.7
1.9
0.9
1.5
1.9
1.2
1.6
0.9
1.1
1.8
0.4
0.6
0.4
0.3
0.9

40,112.41
68,735.42
26,164.60
4,860.00
10,640.00
21,600.00
19,838.69
221,812.04
1,549.76
13,119.19
4,014.80
8,101.60
16,616.78
2,872.80
17,710.92
4,092.00
226.80
2,607.08

na
12.9
na
na
25.8

1.00
0.7
1.1
0.7
1.2

2,173.84
1,599.60
522.50
5,497.01

17.11

1.14

10.7
16.6
na
6.3
na
15.9

1.2
0.7
2.0
0.5
2.1
2.7

4.93
na
na
0.78

5.60
0.65
na
42.15
na
5.04

26,566.52
5,408.96
3,049.20
1,855.00
4,244.98
15,980.00

Weekly Review by Asia Securities 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
ANILANA HOTELS AND PROPERTIES
LIMITED
INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL

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
ALHPN

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
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
M

72.60
70.00
18.00
14.20
77.00
100.00
26.00
78.00
48.00
7.20
12.20
44.50
40.50
17.20
1299.90
35.00
15.30
29.90
51.00
44.00
74.90
27.00
18.00
5.00
14.20
5.60
7.00
1.80
20.00
7.20

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

127.00
185.00
75.10
86.60
103.00
280.00
28.60
21.00
27.10

Price
1W(%)

Performance
1M(%)

1Q(%)

1Y(%)

2.71
0.56
(1.38)
(0.13)
(4.76)
(3.38)
4.00
4.35
(1.61)
(3.05)
(15.45)
6.96
4.30
(0.57)
11.68
(7.27)
0.23
22.79
0.37
(2.70)
2.04
6.92
12.00
1.45
5.88
0.50

1.27
(7.18)
(7.14)
(3.88)
(2.34)
(7.55)
(7.14)
(7.34)
(7.69)
(2.40)
(0.67)
(21.51)
4.32
1.95
(5.15)
2.00
(6.85)
(17.74)
7.06
5.34
(11.51)
(2.17)
(9.09)
(0.71)
(6.67)
(12.50)
(5.26)
(7.41)

10.79
(0.43)
0.56
(2.05)
14.46
17.65
(14.33)
5.41
8.35
(10.00)
(2.40)
5.70
(22.86)
4.32
8.42
2.04
3.38
9.93
(1.92)
22.22
16.85
(1.47)
20.00
(1.96)
3.73
1.82
11.11
(4.31)

(5.39)
(12.50)
5.85
(19.21)
(25.58)
42.86
(25.51)
(3.70)
(12.73)
(20.00)
(7.58)
4.71
(42.14)
(10.11)
(3.71)
(10.49)
(22.34)
(21.52)
(19.05)
41.94
(0.13)
14.47
5.26
(18.03)
(11.46)
1.82
29.63
(21.74)
8.11

(0.43)
(1.55)
0.16
0.13
(0.12)
5.88
(4.03)
1.94
3.83

(3.23)
(8.63)
(6.13)
(9.70)
(4.10)
6.50
(15.88)
(6.67)
(8.14)

0.42
6.90
2.21
(3.72)
(8.84)
(3.92)
13.57
(0.69)
3.45
(1.81)

0.55
(14.19)
11.45
(1.83)
(8.84)
9.04
(7.74)
(6.25)
(32.08)

17
A member of Asia Capital Group

Shares Trailing
Mn
ROE
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
383.68

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

BVPS

14.73%
39.50
12.79%
56.22
4.38%
27.35
na
33.67
na 105.53
na 232.56
5.93%
43.76
15.95%
39.46
11.00%
57.80
2.44%
10.46
6.48%
11.77
3.72%
50.26
na
19.62
3.70%
19.37
9.67% 1282.05
7.34%
43.74
0.23%
29.66
5.60%
32.98
8.18%
70.44
11.25%
30.24
3.10% 121.50
8.79%
14.86
8.79%
14.86
na
6.78
14.84%
9.51
na
9.13
na
10.32
na
0.90
7.87%
15.09

11.05%
na
13.83%
14.84%
na
na
0.33%
14.10%
14.10%
na

69.00
166.41
81.47
207.85
227.78
446.05
45.55
45.55
19.12

Net Profit
4Qtrs
4,302.61
1,956.39
345.26
155.22
(190.69)
(354.17)
(38.88)
137.11
36.87
35.75
147.53
1,110.38
86.06
na
33.76
248.32
97.62
6.53
92.35
51.86
107.59
75.34
145.68
145.68
(34.05)
156.44
(147.22)
(12.81)
(13.96)
68.33

3,333.01
(2.50)
1,889.31
1,190.67
(11.08)
(22.06)
7.49
327.25
327.25
(46.05)

28 February 2014

Sep'13
664.26
311.68
93.68
25.62
(7.13)
(68.39)
(19.22)
(14.39)
0.98
4.71
48.79
248.62
8.28

Jun'13
(177.13)
261.80
40.29
37.53
-87.93
-65.91
-17.06
-19.46
-7.35
4.96
15.86
-102.42
-7.99

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
1,237.38
436.71
83.89
50.87
(16.33)
(89.87)
1.60
73.56
16.74
4.38
40.58
222.37
28.67

8.91
85.04
4.55
(17.52)
7.86
14.65
(19.54)
12.23
(27.49)
(27.49)
(18.57)
36.09
(39.94)
(1.87)
(23.74)
10.35

-12.81
36.18
-2.61
-24.16
-10.09
-13.23
-18.78
-6.95
-64.66
-64.66
-43.49
-3.41
-38.30
-1.18
-24.82
-1.15

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

143.99
12.54
49.36
9.04
(2.09)
(15.45)
14.99
64.16
64.16
11.44

669.59
(6.45)
323.35
222.28
28.62
48.98
17.50
36.32
36.32
-1.01

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

24,414.65
3,362.40
2,332.80
2,439.92
832.89
90.00
1,372.80
457.00
270.00
4,158.00
17,764.99
2,047.00
111.38
809.54
2,604.83
1,063.70
1,476.10
1,495.00
459.00
1,391.34
1,498.00
2,038.90
648.20
612.50
1,574.59
902.72
1,089.20
1,080.00
1,151.48
2,762.53

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

5.82
7.19
1.20
na
na
na
2.60
6.29
6.36
0.26
0.76
1.87
na
0.72
123.92
3.21
0.07
1.85
5.76
3.40
3.77
1.31
1.31
na
1.41
na
na
na
1.19

12.5
9.7
15.0
na
na
na
10.0
12.4
7.6
28.2
16.0
23.8
na
24.0
10.5
10.9
225.9
16.2
8.9
12.9
19.9
20.7
13.8
na
10.1
na
na
na
16.9

1.8
1.2
0.7
0.4
0.7
0.4
0.6
2.0
0.8
0.7
1.0
0.9
2.1
0.9
1.0
0.8
0.5
0.9
0.7
1.5
0.6
1.8
1.2
0.7
1.5
0.6
0.7
2.0
1.3

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

na
23.01
12.09
na
na
1.46
6.42
6.42
na

8.51
na
8.0
6.2
na
na
191.4
4.5
3.3
na

0.94
1.8
1.1
0.9
0.4
0.5
0.6
0.6
0.5
1.4

1,014.16
15,187.89
7,398.47
562.90
669.50
1,433.75
1,273.20
135.00
700.10

Weekly Review by Asia Securities Research

Company

Year
End

LAND AND PROPERTY

C T LAND
CARGO BOAT
CITY 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

29.00
101.00
9.50
9.40
36.30
70.00
12.00
29.00
29.50
60.00
17.30
48.00
20.30
65.00
873.00
13.80
90.20
2.60

Price
1W(%)
2.83
(4.04)
1.08
6.45
12.56
3.48
8.89
(2.60)
2.37
1.50
6.04
(12.71)
5.34
0.67
(3.70)

CLOSED END FUND

NAMAL ACUITY VALUE FUND

NAVFU

MainB

71.50

Performance
1M(%)
(5.78)
(11.59)
(11.40)
(14.41)
(4.08)
(9.25)
4.17
2.59
(6.45)
(5.77)
(21.88)
(4.42)
(3.81)
(1.93)
(7.14)
(35.95)
(3.50)
(32.69)
(16.13)

1Q(%)
7.33
(4.92)
6.32
(5.00)
8.05
(1.09)
(2.78)
1.71
7.41
17.60
0.17
7.45
10.34
13.41
25.00
(20.78)
(0.72)
(41.05)
(7.14)

1Y(%)
23.22
15.54
18.82
(20.83)
11.90
13.44
16.50
(9.16)
13.28
22.50
(12.54)
16.89
(1.03)
45.00
52.22
(35.36)
(4.17)
(40.07)
(55.17)

(0.69)

9.83

12.78

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.90%
48.75 11.61%
10.20 15.91%
13.38
na
147.96
0.75%
199.88
2.65%
12.00 21.73%
138.24
na
40.32
8.72%
31.00
8.21%
1.80
na
17.43 61.36%
17.50
6.56%
843.48 16.56%
66.00 13.15%
0.36
4.13%
12.00
6.65%
6.48
21%
106.91
3%

55.20
155.35
10.26
28.89
13.52
103.78
9.76
42.32
19.36
na
12.66
60.88
27.69
45.69
642.94
13.53
25.81
30.78

Net Profit
4Qtrs
5,684.74
312.34
252.07
(48.82)
31.90
71.56
270.61
(17.48)
148.77
49.28
(2.75)
135.45
69.86
3,869.43
396.43
9.56
10.80
34.72
91.01

18.33%
18.33%

94.06

185.37
185.37

10.75

BVPS

28 February 2014

Sep'13
967.85
43.81
(19.60)
(2.34)
15.78
2.79
19.84
8.87
10.35
1.86
(2.51)
19.55
748.45
104.16
1.94
0.40
14.53

(25.95)
(25.95)

Jun'13
1,174.97
42.93
228.52
(10.97)
23.64
6.64
26.60
1.69
9.86
2.95
(1.31)
166.76
19.81
534.29
97.16
2.66
0.42
5.69
17.63

Mar'13
883.13
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
(66.07)

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

75.91
75.91

17.45
17.45

(38.39)
(38.39)

Trailing Trailing
EPS
PE
7.28
6.41
4.5
24.71
4.1
na
na
0.22
43.6
0.36
101.4
22.55
3.1
na
na
3.69
7.9
1.59
18.6
na
na
7.77
2.2
3.99
12.0
4.59
4.4
6.01
10.8
26.55
32.9
0.90
15.3
5.36
16.83
0.85
3.05

PBV

Mkt Cap Mn

0.87
0.5
0.7
0.9
0.3
2.7
0.7
1.2
0.7
1.5
na
1.4
0.8
0.7
1.4
1.4
1.0
3.5
0.1

1,413.75
1,030.20
127.11
1,390.87
7,255.68
840.00
1,658.88
1,169.33
914.50
108.00
301.53
840.04
17,122.73
4,290.00
314.28
165.60
584.19
277.95

4.1
4.1

0.8
0.8

768.71
768.71

17.24

Weekly Review by Asia Securities 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
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
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
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
D
M
M
M
D
M
M
M
M
M
M
M
M

103.80
63.90
80.00
9.40
13.80
3.10
1.20
18.50
58.60
34.70
277.00
11.90
88.40
28.70
83.50
54.00
28.60
6.50
95.20
78.00
65.00
3.90
21.00
3.90
30.00
64.00
51.70
83.50
90.00
107.50
15000.00
34.70
29.00
1.80
15.40
4.5
15
8.5

Price
1W(%)
1.42
2.77
(0.16)
(2.05)
4.44
0.73
3.33
20.00
(2.63)
5.97
0.88
(0.29)
(1.65)
(2.71)
4.38
3.16
(1.04)
3.08
2.04
8.70
8.33
2.70
2.63
(2.64)
(0.12)
(4.70)
9.15
4.32
5.88
(0.65)
2.41

Performance
1M(%)
(6.25)
(4.42)
(10.63)
(5.80)
(1.05)
(10.97)
(8.82)
(9.76)
(0.34)
(9.74)
(3.25)
(11.85)
(1.78)
(15.84)
1.83
(3.33)
(4.67)
(10.67)
(15.30)
(5.14)
(4.27)
(5.00)
10.00
(17.02)
(14.29)
(3.76)
(8.50)
(8.07)
(4.26)
(10.34)
(21.05)
(2.81)
3.57
(10.00)
(7.23)
(10.20)
6.25

1Q(%)
3.65
0.68
(0.16)
0.25
1.08
(9.21)
3.33
20.00
(2.63)
5.59
(2.00)
4.56
(1.65)
(1.78)
10.81
17.61
8.98
(5.92)
4.69
(11.44)
12.32
20.37
2.70
22.94
(11.36)
3.09
(1.54)
20.23
(4.82)
(9.91)
(6.52)
(21.05)
34.63
33.64
5.88
4.76
(8.33)
13.33

1Y(%)
12.93
15.33
(1.54)
(9.88)
(22.31)
(23.33)
(8.82)
(25.00)
(8.42)
(9.29)
(22.75)
27.45
(15.00)
(19.64)
0.70
27.48
67.31
(3.05)
(22.09)
49.69
17.42
18.83
(25.49)
72.73
(37.10)
7.14
0.31
74.07
(18.28)
1.12
(11.67)
82.93
45.99
65.71
(18.18)
69.23
(21.43)
3.66

19
A member of Asia Capital Group

Shares Trailing
BVPS
Mn
ROE
15.73%
5.11 23.40% 115.79
59.89
9.13%
97.63
4.21
7.32% 150.38
25.61
na
16.71
12.06
na
21.36
103.30
na
1.15
153.37
na
1.15
47.32
na
0.38
9.88
7.12%
94.60
60.00
na
46.56
120.00 47.00%
44.56
72.25
na
10.96
59.86 17.94% 121.73
8.00
5.89%
55.90
21.80
9.55% 103.70
80.40 28.71%
24.57
13.70
0.84%
42.15
173.51
na
0.02
30.00 10.35%
92.22
53.05 20.93%
61.45
54.60
9.45%
96.33
39.00
7.52%
3.88
27.37
2.92%
22.78
950.09 19.82%
3.67
85.97 11.98%
26.64
11.27 12.89%
72.48
11.16 82.73%
17.54
110.79 13.02%
76.53
3.85
9.43% 107.43
3.85
2.56% 236.12
0.13 26.54% 1122.72
222.75 23.23%
24.25
111.38 23.23%
24.25
537.51
0.49%
3.08
655.00 18.87%
9.64
307.53
8.26%
6.91
17.47
8.26% 121.68
54.92
na
15.99

Net Profit
4Qtrs
12,326.37
138.49
533.64
46.37
(46.69)
na
(22.95)
(22.95)
(0.47)
66.54
(94.03)
2,513.19
(16.95)
1,307.62
26.33
215.93
567.12
4.83
(5.25)
286.32
682.21
496.97
11.38
18.22
691.66
274.35
105.28
161.96
1,103.57
38.99
23.29
38.94
1,882.20
1,882.20
8.20
1,191.50
175.53
175.53
(97.93)

28 February 2014

Sep'13
2,789.39
20.47
102.32
18.06
(21.03)

Jun'13
2,592.83
28.76
88.15
10.95
(23.18)

Mar'13
3,862.87
42.66
99.28
7.60
(7.89)

Dec'12
3,081.28
46.61
243.88
9.76
5.40

1.06
1.06
(10.40)
11.80
59.75
609.41
4.36
69.60
6.50
83.01
187.53
20.63
(0.58)
104.97
183.37
174.00
3.69
14.33
18.72
94.93
22.75
67.41
112.26
16.74
3.07
10.98
611.53
611.53
21.12
263.35
(12.79)
(12.79)
(83.54)

(6.87)
(6.87)
2.58
10.48
58.16
562.51
(9.07)
413.88
8.69
47.41
148.61
1.07
0.58
(44.66)
72.02
(61.76)
4.79
(1.16)
358.03
43.54
21.17
44.40
(79.59)
3.44
3.26
10.89
598.40
598.40
(12.38)
240.22
101.62
101.62
(52.12)

(6.84)
(6.84)
15.60
25.87
17.52
769.86
0.62
379.48
7.30
60.12
114.58
(11.87)
(1.10)
137.18
265.67
260.77
2.72
17.33
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

(10.30)
(10.30)
(8.25)
18.39
(229.44)
571.41
(12.87)
444.7
3.85
25.38
116.40
(4.99)
(4.15)
88.83
161.15
123.96
0.18
(12.27)
204.1
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
(16.16)

Trailing Trailing
EPS
PE
9.04
27.10
3.8
8.91
7.2
11.01
7.3
na
na
na
na
na
na
na
na
na
na
6.73
8.7
na
na
20.94
13.2
na
na
21.84
4.0
3.29
8.7
9.90
8.4
7.05
7.7
0.35
81.1
na
na
9.54
10.0
12.86
6.1
9.10
7.1
0.29
13.4
0.67
31.5
0.73
5.4
3.19
9.4
9.34
6.8
14.51
3.6
9.96
8.4
10.13
8.9
6.06
17.8
298.00
50.3
5.63
6.2
5.63
5.1
0.02
118.0
1.82
8.5
0.57
7.9
10.05
1.5
na
na

PBV

Mkt Cap Mn

1.42
0.9
0.7
0.5
0.6
0.6
2.7
1.0
48.2
0.6
0.7
6.2
1.1
0.7
0.5
0.8
2.2
0.7
263.9
1.0
1.3
0.7
1.0
0.9
1.1
1.1
0.9
2.9
1.1
0.8
0.5
13.4
1.4
1.2
0.6
1.6
0.7
0.1
0.5

530.48
3,827.21
337.00
240.76
166.40
320.23
184.04
875.35
579.21
2,082.00
33,240.00
859.72
5,291.76
229.60
1,820.30
4,341.60
391.90
1,127.82
2,856.00
4,137.93
3,549.00
152.10
574.81
3,705.34
2,579.00
721.14
577.17
9,250.91
346.32
413.48
1,959.99
7,729.43
3,229.88
967.52
10,087.04
1,383.87
262.11
466.79

Weekly Review by Asia Securities 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

989.00
81.50
495.20
1400.00
240.00
128.00

Price
1W(%)
1.05
10.13
(1.57)
(1.41)
2.40

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

551.00
1031.00
1440.00
1100.00
1000.00

(5.12)
(4.83)
(7.33)
(3.68)
(11.22)
0.35

(7.03)
(11.00)
(7.30)
(4.00)
6.28
12.98

(9.91)
(16.07)
(0.10)
6.67
6.76

(14.92)
(22.42)
(20.69)
6.67
13.40
18.61

102.00
6.87
7.00
6.94
6.94

4.77%
5.62%
2.95%
3.13%
3.85%
3.54%

381.36
840.49
809.08
960.21
825.28

2,994.26 (1,441.35)
2,187.74 (1,541.49)
170.65
14.98
177.06
18.70
256.34
37.49
202.48
28.97

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

24.00
30.20
9.40
31.60
23.40
39.20
95.90
80.00
36.00
10.70
4.20
3.60
10.60
85.00
29.80
23.00
9.60
16.50
18.00
45.50

1.30
(2.83)
3.79
1.08
4.29
2.63
2.62
(4.67)
1.27
5.57
5.94
2.78
10.42
6.12
1.36
(0.43)
(1.04)
(3.51)
2.86
-

(4.50)
(4.00)
(5.94)
(4.08)
0.64
(4.88)
(5.56)
(6.89)
2.30
(2.70)
(10.83)
(4.55)
(7.50)
(9.40)
(5.45)
6.81
(14.81)
(7.77)
(6.25)
(21.74)
-

1.43
4.35
4.15
(4.08)
8.97
3.54
(1.76)
0.95
1.52
(5.51)
(6.14)
(4.55)
(5.13)
6.00
12.58
26.27
0.88
(5.00)
1.85
(1.64)
-

(8.08)
(27.71)
(16.39)
(26.56)
(8.67)
(13.33)
17.07
(15.13)
(6.76)
(30.77)
(12.30)
(6.67)
(15.91)
(18.46)
21.26
19.20
(4.17)
(20.83)
(2.94)
(13.88)
-

25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
40.00
29.00
202.79
20.25
53.95
23.75
23.75
19.40
236.67
72.87
17.26
21.30

9.72%
19.68%
3.24%
19.81%
5.29%
7.46%
1.73%
14.90%
15.21%
na
na
11.85%
11.85%
0.54%
20.19%
18.71%
na
12.35%
10.68%
13.64%
17.75%

45.17
114.26
10.77
36.96
59.91
13.43
128.43
75.89
79.67
57.11
9.91
9.91
25.30
81.70
57.64
25.51
17.30
35.73
63.61
81.35

3,554.71
222.24
87.43
178.66
90.50
111.74
18.55
478.52
392.46
(33.70)
(78.17)
261.93
261.93
7.36
391.88
256.14
(71.75)
505.61
277.97
149.80
307.54

245.00
14.78
40.91
(8.17)
28.28
24.78
17.50
125.06
33.85
(246.17)
(88.59)
93.26
93.26
(120.98)
111.33
8.86
(59.19)
87.18
100.00
(4.31)
86.63

(139.35)
(98.8)
45.7
(27.3)
67.52
(43.85)
(70.41)
89.27
8.57
(91.70)
(63.48)
109.51
109.51
(84.48)
47.08
(3.02)
1.95
11.40
(13.61)
(19.80)
(3.94)

1,291.78
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
76.66

2,157.29
304.74
(10.62)
146.26
(46.86)
83.2
(0.86)
168.76
199.06
190.95
59.74
8.11
8.11
123.89
147.20
164.90
(43.91)
282.2
125.46
106.93
148.19

8.89
3.70
2.13
1.95
4.47
0.23
19.14
11.54
na
na
1.17
1.17
0.14
16.50
10.79
na
2.14
3.81
8.68
14.44

6.4
2.7
8.2
4.4
16.2
5.2
168.8
5.0
6.9
na
na
3.6
3.1
77.7
5.2
2.8
na
4.5
4.3
2.1
3.2

0.62
0.5
0.3
0.9
0.9
0.4
2.9
0.7
1.1
0.5
0.2
0.4
0.4
0.4
1.0
0.5
0.9
0.6
0.5
0.3
0.6

600.00
713.82
787.25
1,463.58
585.00
3,131.68
2,397.50
2,720.00
1,440.00
310.30
851.73
72.90
571.91
2,018.75
707.75
446.17
2,272.00
1,202.30
310.77
969.15

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

250.00
11.80
19.50
115.50
80.00
41.20
3.20

1.71
(3.74)
7.27
2.65
1.32
(4.65)
0.49
-

3.00
(3.47)
3.51
12.14
(1.28)
(2.44)
(8.24)
-

12.37
(12.56)
16.83
27.63
6.94
7.38
1.73
10.34

34.44
16.06
25.53
68.70
11.16
10.34
16.71
10.34

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

18.20%
na
48.30%
15.95%
10.41%
10.41%
14.17%
12.73%

91.31
6.80
5.31
72.7
72.7
17.80
2.76

3,991.31
(3.46)
1,734.76
930.14
270.95
270.95
564.18
494.74

597.72
1.81
101.31
232.09
64.69
64.69
122.21
75.60

653.63
(10.77)
109.98
209.24
77.62
77.62
167.53
100.04

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,892.90
25.07
1,365.90
220.29
54.48
54.48
99.12
128.05

na
3.28
0.85
8.00
8.00
2.52
0.35

12.7
na
3.6
23.0
14.4
10.0
16.3
9.1

2.31
2.7
1.7
3.7
1.6
1.1
2.3
1.2

5,583.49
6,235.80
21,432.30
2,948.40
667.64
9,217.77
4,510.42

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

Performance
1M(%)
(3.23)
8.09
(4.00)
(6.60)
(13.65)
(4.00)
4.92

1Q(%)
5.94
9.89
(0.37)
0.88
(6.04)
6.19
18.30

1Y(%)
5.98
10.26
(6.64)
(2.02)
(15.17)
4.35
33.33

Shares Trailing
Mn
ROE
9.29%
1.20
2.78%
15.20
na
8.88
0.95%
3.62
3.54%
6.03 24.63%
67.27 22.34%

770.83
218.11
870.76
647.52
155.04
117.37

20
A member of Asia Capital Group

BVPS

Net Profit
4Qtrs
2,150.00
25.68
(25.79)
73.05
82.93
230.42
1,763.71

28 February 2014

Sep'13
398.08
3.98
(245.66)
47.59
57.46
58.79
475.91

Jun'13
760.38
7.25
39.66
28.90
25.26
48.91
610.40

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

Dec'12
352.13
8.1
5.60
4.56
143.31
53.32
137.20

998.24
511.06
115.50
116.61
137.43
117.64

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

Trailing Trailing
EPS
PE
10.21
21.40
46.2
na
na
8.23
60.2
22.90
61.1
38.19
6.3
26.22
4.9

PBV

Mkt Cap Mn

0.95
1.3
0.4
0.6
2.2
1.5
1.1

1,186.80
1,238.80
4,395.61
5,069.18
1,448.07
8,610.19

21.45
24.84
25.30
36.94
29.18

29.4
25.7
41.5
56.9
29.8
34.3

1.4
1.4
1.2
1.8
1.1
1.2

56,202.00
7,084.32
10,077.70
7,634.09
6,940.08

Weekly Review by Asia Securities Research

Company

Year
End

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

69.10
99.00
120.00
1377.10
900.00
794.20
4.20
3.00

Price
1W(%)
(1.33)
(1.00)
(5.62)
(6.25)
2.00
(5.26)
-

STORES AND SUPPLIES

COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

499.50
895.00
122.00
265.00

(0.79)
4.19
(4.41)
(6.23)
4.74

(5.29)
(1.98)
(6.96)
(14.69)
(1.67)

(5.25)
0.28
(5.79)
(15.86)
(4.33)

(7.74)
13.74
(7.72)
(34.05)
(8.30)

1.27
2.54
2.28
5.15

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

92.00
58.60
5.50
7.10
13.20
42.50
90.00
2300.00
1.30

(1.49)
2.58
(4.56)
(1.79)
(4.05)
(4.38)
(5.56)
(3.22)
8.33

(4.78)
0.55
(3.78)
(16.67)
(11.25)
(4.38)
(15.00)
(6.34)
(7.14)

0.92
10.53
3.72
(6.78)
1.43
(0.76)
7.59
(4.29)
(8.65)
(13.33)

(15.30)
(17.75)
(7.57)
3.77
(20.22)
(13.25)
(6.18)
(16.25)
15.00
(40.91)

70.88
35.99
140.20
117.45
349.37
2.40
125.21
0.08
280.00

3.06%
4.14%
9.11%
1.20%
na
na
na
11.51%
3.55%
na

198.43
45.53
6.33
8.86
22.95
5.38
38.94
573.67
1.20

947.47
581.58
149.23
10.66
(87.56)
(272.92)
(11.44)
561.00
15.23
1.70

(279.09)
(369.80)
45.73
0.71
(11.08)
(13.03)
(1.08)
62.79
3.65
3.02

849.79
682.21
39.04
6.30
(8.36)
(0.43)
(3.24)
129.19
2.82
2.27

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

8.21
4.15
0.08
na
na
na
4.48
20.36
na

28.26
11.2
14.1
72.4
na
na
na
20.1
113.0
na

0.87
0.5
1.3
0.9
0.8
0.6
7.9
2.3
4.0
1.1

6,520.50
2,108.93
771.08
833.87
4,611.65
102.00
11,268.86
191.72
364.00

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

17.20
39.60
3.60
5.50
32.50
25.10
4.50
2.40
7.00

3.83
2.99
4.84
3.53
4.17
9.09
9.38

(1.57)
(4.44)
(2.70)
(5.17)
(2.12)
0.81
(10.00)
(1.41)

15.39
(3.37)
34.95
(8.33)
8.03
20.19
(13.46)
(7.89)

34.33
(20.74)
86.60
2.86
(5.17)
29.72
47.06
(23.73)
(11.11)
(33.33)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

23.61%
11.71%
28.50%
17.76%
31.25%
21.89%
21.88%
1.20%
15.88%
6.01%

23.26
28.79
2.21
2.67
17.52
17.52
7.18
1.96
7.02

7,212.27
340.95
4,368.90
187.56
622.94
1,484.25
1,483.92
9.41
156.05
42.21

2,579.54
92.19
1,485.31
71.96
256.88
619.88
619.88
20.01
24.31
9.00

2,103.17
101.93
1,349.62
65.52
237.22
270.66
270.33
9.90
62.50
5.83

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

1,223.03
75.61
728.08
36.12
116.69
228.99
228.99
(8.04)
38.98
6.60

2.72
8.20
0.39
0.83
3.84
3.83
0.09
0.31
0.42

6.05
6.3
4.8
9.2
6.6
8.5
6.5
52.2
7.7
16.6

1.43
0.7
1.4
1.6
2.1
1.9
1.4
0.6
1.2
1.0

2,153.44
21,088.18
1,718.17
4,109.10
10,887.50
1,305.20
490.90
1,200.00
700.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

14.90
0.50

10.39
11.28
-

3.37
5.71
(20.00)

32.84
43.69
(33.33)

(8.53)
120.90
(90.00)

122.13
343.40

-125.92%
44.73%
na

1.10
2.11

(1,081.48)
60.21
(1,141.69)

(555.26)
42.06
(597.32)

(141.61)
16.85
(158.46)

(387.13)
7.90
(395.03)

2.52
(6.60)
9.12

0.49
na

-1.84
30.2
na

2.32
13.5
0.2

1,819.76
171.70

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

9.20
44.90

2.76
5.48

8.60
(2.13)
21.04

10.29
2.22
19.09

2.64
2.22
3.02

8143.78
1804.86

10.23%
12.96%
8.37%

4.74
31.51

9,764.98
5,006.98
4,758.00

3,104.45
1,533.45
1,571.00

1,674.34
950.34
724.00

3,180.52
1,594.52
1,586.00

1,805.68
928.68
877.00

0.61
2.64

15.97
15.0
17.0

1.63
1.9
1.4

74,922.76
81,038.21

D
D

ROE:Trailing 4 quarters return on equity

BVPS: Most recent quarter book value per share
Net Profit: Trailing 4 quarters net profit

Performance
1M(%)
(7.09)
(7.87)
(1.00)
(6.61)
(23.49)
(10.00)
3.45
(4.55)
(6.25)

1Q(%)
2.25
5.50
(1.00)
(14.83)
(8.13)
(18.18)
(16.40)
2.44
-

1Y(%)
4.02
10.91
(3.88)
(17.24)
7.59
(55.00)
(6.56)
(10.64)
3.45

51.48
90.16
40.44
374.75
654.60
64.18
1.45
2.01

Net Profit
4Qtrs
726.79
670.56
4.34
(116.87)
1.25
(0.26)
0.06
58.05
109.66

Sep'13
(1.53)
(16.29)
4.74
(38.06)
2.77
(0.12)
(0.04)
21.42
24.05

Jun'13
77.45
78.17
2.30
(44.46)
(0.01)
0.50
0.37
14.80
25.79

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

Dec'12
60.61
48.66
1.02
(13.30)
(1.90)
(0.45)
0.30
5.10
21.17

2.13%
3.02% 730.56
2.11% 1193.13
35.67%
45.32
0.22% 431.34

133.58
28.08
63.69
36.83
4.98

(128.79)
0.15
(154.15)
8.18
17.03

(70.80)
(4.25)
(51.28)
2.98
(18.25)

110.66
36.41
80.69
12.94
(19.38)

222.51
(4.23)
188.43
12.73
25.58

Trailing EPS: Trailing 4 quarters earnings per share

Trailing PE: Trailing 4 quarters price to earnings ratio
PBV: Price to book ratio based on most recent quarter book value

21
A member of Asia Capital Group

Shares Trailing
Mn
ROE
17.10%
60.80 21.42%
2.94
1.64%
2.84
na
0.04
9.56%
0.05
na
0.10
0.98%
114.00 35.00%
260.00 20.96%

BVPS

28 February 2014

Trailing Trailing
EPS
PE
8.62
11.03
6.3
1.48
67.0
na
na
35.82
38.4
na
na
0.63 1261.0
0.51
8.2
0.42
7.1

PBV

Mkt Cap Mn

1.47
1.3
1.1
3.0
3.7
1.4
12.4
2.9
1.5

4,201.28
290.79
341.40
48.21
45.00
79.44
478.80
780.00

22.06
25.12
16.16
0.97

34.04
22.6
35.6
7.5
273.7

0.72
0.7
0.8
2.7
0.6

635.79
2,269.23
277.93
1,363.43

Price Performance 1W(%):one week price percentage change

Price Performance 1M(%):one month price percentage change
Price Performance 1Q(%):one qurter price percentage change
Price Performance 1Y(%):one year price percentage change

Weekly Review by Asia Securities Research

28 February 2014

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