Daily Trade Journal - 29.04.2013

7/30/2019 Daily Trade Journal - 29.04.2013

1/8

p

p

Today's Turnover (LKR mn)

Annual Average Daily Turnover (LKR mn)

Volume (mn)

Annual Average Daily Volume (mn)

Market Capitalization (LKR bn)

Net Foreign Inflow / (Outflow) [LKR mn]

- Foreign Buying (LKR mn)

- Foreign Selling (LKR mn)

YTD Net Foreign Inflow / (Outflow) [LKR bn]

YTD Performance

S&P SL 20 Index

39.5

114.9

8.5

158.9

44.0

Monday, April 29, 2013

822.2

% ChangePoint ChangeToday

65.3

845.8

0.09 %

0.11 %

2,286.3

ASPI

S&P SL 20 Index

+ 5.45

+ 3.78

5,967.62

3,363.14

ASPI 5.8%

9.0%

Level 23, East Tower, World Trade Centre,

Colombo 01

Tel: +94 11 727 7000,

Fax: +94 11 727 7099

Email: [email protected]

CSE Diary for 29.04.2013The bourse trading on marginal grounds: The

market activities of the Colombo Bourse were

rather stagnated in the early trading session.

However the index denoted a sudden dip in late

trading and recovered marginally thereafter. ASPI

closed at 5,967.62 with a marginal gain of 5 points.

Gains recorded in Ceylon Tobacco (+2.3%), LionBrewery (+2.1%) and Commercial Leasing and

Finance (2.0%) weighted positively on the index

performance. However losses in Lanka Hospital

Corporation (-4.5%) and Asian Hotels and

Properties (-1.4%) kept the index on the marginal

ground. S&P SL20 too ended with a marginal gain

of 3.8 points.

Colombo Dockyard spearheaded the turnover:

Colombo Dockyard spearheaded the daily

turnover backed by a single off-board transactiontotaling 250k shares which was dealt at LKR.220.0.

The counter too denoted two large on-board

transactions of 200k shares and 130k shares at a

price of LKR220.0. DOCK closed at LKR224.0 with a

gain of 1.8%. Commercial Bank of Ceylon and

John Keells Holdings too recorded crossings where

the former transacted an off-board block of 267k

shares at a price of LKR114.50 and the latter

crossed 106k shares at a price of LKR249.6.Colombo Land and Development Companyextended gains with Pin Bar pattern: Retail

favorite; Colombo Land and Development

Company extended its gains today for the ninth

straight day topping todays on-board turnover list.

However the counter witnessed a bearish

technically called pin bar bar pattern today

where it reached a high of LKR56.80 before closing

at LKR52.70 with a gain of 0.8%.Improved retail activity: Heavy retail activity was

seen in Touchwood Investments, CentralInvestment & Finance and Colombo Fort Land and

Building.

Index traded on a volatilenote


2/8

Statistical Look Up

Treasury Bill (%) 26.04.2013

9.23

10.23

11.34

13.45

Inflation (%) Mar-13 7.5

8.8

All Share Price Index p

S&P SL20 Index p

Turnover (LKR mn)

Turnover (USD mn)Volume (mn shares)

Traded Entities

Market Capitalization (LKR bn)

Foreign Purchases (LKR mn)

Foreign Sales (LKR mn)

Net Foreign Inflow (LKR mn)

Market PER (X)

Market PBV (X)

Market Dividend Yield

SECTOR INDICES

Banks, Finance & Insurance q

Beverage, Food & Tobacco p

Construction & Engineering p

Diversified p

Healthcare q

Hotels & Travels q

Land & Property q

Manufacturing p

Plantation q

Telecom q

3.82%

2.2

23.6

390.7

13,640.2

% Change

0.09%2.2

-64.91%

16.1

0.78%

1.37%

1.45%

6.62%

% WoW

ChangeLast Week

1.62%

-61.64%

86.39%

-70.58%

414.4

2,284.2

105.5

-4.45%

-4.45%

% WoW

ChangeLast Week

885.3

7.0

0.76%

2.35%

0.09%

Today

114.9

2.2

44.0

16.1

5,967.6

0.11%

2,286.3

2.3

158.9

-37.08%

-37.08%-38.08%

-1.20%

6.765.3

248

3,363.1

1,344.4

10.6

251

845.8

0.09%

-59.43%

-31.51%

Week ending

2.29%

77.60%

2.90%

1.62%

0.74%

1.62%

241

2,249.8

5,872.4

3,338.4

36.8

1.62%

0.00%

391.8

64.2

327.6

Change %

5,962.2

3,359.4

2.3

0.09% 15.9

Pre Day

13,526.1

16,614.9

1,942.1

3,485.5

570.0

-0.22%

2,704.4

1,916.1

-0.08%

1.08%

0.95%

0.01%

2,740.3

16,409.5

532.6

171.5 169.8-0.23%171.1

2.3

2,773.8

16,795.1

2,766.3

1,942.3

13,628.9

Pre Day

0.00%

3 months

6 months

12 months

YoY Change

Annual Avg

AWPLR

Excess Liquidity (LKR 'bn) as at 29.04.2013

Today

-25.06

685.2 691.3 -0.89% 639.9 7.07%

804.4 810.1 -0.71% 803.9 0.07%

2,671.8

3,428.2

-0.38%

3,477.8

567.8

0.40%2,762.8

5500

5600

5700

5800

5900

6000

Index

ASPI

3240

3260

3280

3300

3320

3340

3360

3380

Index

S&P SL20

0.0

50.0

100.0

150.0

200.0

0

500

1,000

1,500

2,000

2,500

Volume('mn)

TurnoverLKR('mn)

Turnover Volume

Softlogic Equity Research Page | 2.


3/8

High Index Calibre USD350 Mn

Price Gainers Price Losers

Top 05 Performers for the Day

DOCKYARD

COLOMBO LAND

COMMERCIAL BANK

TOUCHWOOD

JKH

Most Active

Close

249.90

815.10

249.00

834.90

163.00

121.60

710.20

9.30

Volume (mn)

1.6%

Turnover

(LKR)

2.6%

146,113,725

50,693,267

48,153,924

93,094,729

60,571,150

3.95

1.72

0.19

1.2% 26,351,202

35,608,697

4.1%

114.50

7.30

249.90

S M B LEASING 1.00

TOUCHWOOD 7.30

% Change

PIRAMAL GLASS

BLUE DIAMONDS 4.30

5.20

13.17

6.51

4.10

0.76%52.30

0.53

6.51-5.19%

2.52

8.00%

-5.19%

0.00%

2.2%

2.1%

2.2%

Contribution to

Total T/O

10,769,048

0.16%

6.40

50,693,267

5,209,743

32.12

HUNAS FALLS

PARAGON

Pre Day

1.76%216.20 6.4%0.66

Volume (mn)% Change

8.16%

+ 4.30 8.92%

220.00

CompanyContribution to

Total T/O

143.00

0.2%

0.5%

Turnover

(LKR)

153.10

2.66

1.42

113.80

57.00

152.10

42.80

12,339.93

71.40

216.80

162.70

42.80

708.10

70.00

17.90

30.70

TodayCompany

153.50

SERENDIB HOTELS [X]

901.20

97.31

4.48568.13

13.89

83.18

337.93

6.49

Today

8.09%

Turnover

USD ('000)

7.0010.33%

Intraday

Low (LKR)

Turnover

LKR ('000)

60,571.15

822.61

477.66

0.66

800.00

48,153.92

Intraday

High (LKR)

250.00

3.21

141.60

215.20

121.50

169.00

43.50

9.30

% Change

JOHN KEELLS HOLDINGS 192,895

SAMPATH BANK

ASIAN HOTELS & PROPERTIES 8,105

1.7%

11,021233

39,701

9.4%

6.7%CEYLON TOBACCO

CARSON CUMBERBATCHNESTLE LANKA

SRI LANKA TELECOM

COMMERCIAL BANK [V]

3.9%

3.2%BUKIT DARAH

DIALOG AXIATA

HNB [V]

DFCC BANK

CARGILLS

27.90

1,776.00

114.90

406.59

13.53

LOLC

AITKEN SPENCE 124.00

2.2% 43.20

1,715.67

164.90

4,958.85417.58

39.113.29

440.10

724.90

9.50

1,790.00

114.50

450.001,800.00

1,761.53

5,478.68

4.0%

2.2%

1.2%

117

36,234

10,803

3,304

4.2%

173.90

59.00

3.3%

169.20

57.60

449.50

3.4%

52.70

0.35%

1.6%

2.3%

Change

- 0.70

- 88.80

- 1.60

- 2.70

% Change

217.50

7.70

249.50

114.10

CDB [X]

+ 4.60

CITRUS WASKADUWA

70.00

142.80

Volume

379.74

3.12%

4.88%

529,050

4,073.52

180.47

4,421 3,537.80

1.4%

Change

29.90

Company% of

Mkt Cap

6.60

Today Pre Day

2.50

7.70

1.00

+ 2.80

DISTILLERIES

28,621

56,887

CIFL 2.70

Company

32,386

14,263

1,179

ON'ALLY

SUNSHINE HOLDING

Company Today

1.5%

CONVENIENCE FOOD

ENVI. RESOURCES [W 0006] 2.90 + 0.30 11.54% CEYLON LEATHER [W 0014] 4.70 - 0.50 -9.62%

-8.08%

-8.21%

-9.09%

-8.97%

216.50

61.00

52.50

+ 16.20



4/8

Currency Board Announcements

Local - Indicative Rate against LKR Dividends

Dollar Piramal Glass Ceylon PLC

Yuan 0

Euro 0

Rupee 0

Yen 0

Ringgit 0

Rouble 0

Riyal 0

Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization

Franc Company

Baht No Announcements

Pound 0

Dollar 0Source: www.cbsl.gov.lk

Global Markets

p

q

p

q

q

p

* Time is as at ET Source: www.bloomberg.com

Commodit Markets

Crude Oil (Brent) q

Crude Oil (WTI) p

ICE Cotton #2 p

CBOT Wheat p

COMEX Gold p

COMEX Silver p

COMEX Copper p

* Time is as at ET Source: www.bloomberg.com

00-Jan-00

To be notified

1/0/1900

1/0/1900

00-Jan-00

Description

0.00

0.00

0 1/0/1900

0

XR Date

00-Jan-00

00-Jan-00

00-Jan-0000-Jan-00

Renunciation

00-Jan-00

0.00

Time*

USd/bu.

86.07

Price

103.14

93.39

USD/bbl.

102.72

AGRICULTURE

Hong Kong Hang Seng Index

Nikkei 225

ASIA

FTSE 100 Index

EU

196.86

0.38

0.00 0

Dates

126.81

0.0033.81

Malaysia

4.05

130.74

20.57

2.33

1.30

41.86

India

Currency

165.54

Indicative Rate

29.04.2013

China

0

Payment DateDPS (LKR) XD Date

6,424.1

Singapore

Switzerland

Thailand

UK

-0.02

33.1

0

2,697.4

134.70

1/0/1900

1/0/1900

4.34

USA

02:28

-2.3

1/0/1900

Change

0.52%

-42.0

04:01

0

00-Jan-00

1/0/1900

1/0/1900

07:00

07:00

-0.04%

07:00

Company

07:00

07:00

07:00

26-Apr

26-Apr

06:51

06:50

Time*

07:00

0.99%

Change %

0.94%

2.17%

-0.02%

0.42%

-0.30%

0.15%

1.27%

-2.9

Change

2.16%1.82

0

0.39

Change %

321.75

USD/t oz.

USD/t oz. 0.52

699.00

3.15

24.31

Index

Dow Jones Industrial Average

S&P 500 Index

EUROPE

EURO STOXX 50 Price EUR

13,884.1

Value

14,712.6

1,582.2

USD/bbl.

USd/lb.

USd/lb.

AMERICA

6.50

METALS

ENERGY

Commodity

22,580.8

Units

0

14.0

Proportion

00-Jan-00

00-Jan-00

0.00

0.00

0.08%

-0.18%

11.8

Russia

Saudi Arabia

Japan

1,472.00 18.40

Australia



5/8

Softlogic Equity Research Page | 5

CSE Announcements

Introduction: Aitken Spence Plantation Managements Limited: Theshares of the above Company would commence trading from 3rd May 2013 and

would be classified under the Plantations sector. These shares would be listed

on the Diri Savi Board.

Bank of Ceylon: The Secretary, Ministry of Finance & Planning has appointed Mr. K.M.M. Siriwardana,Director General, Fiscal Policy, General Treasury as the Ex-officio Director Bank of Ceylon with effect from

24.04.2013, in place of Mr. S.R. Attygalle. Mr. R.M.A. Ratnayake has been appointed as the Alternate

Director to K.M.M. Siriwardana.

Dealings by Directors

Local News

Sri Lanka tourist arrivals up 11.6% in February: Tourist arrivals to Sri Lanka rose 11.6% in February 2013 to93,232 from a year earlier, helped by gains in Europe and East Asia, official data showed. Arrivals from

Western Europe rose 13.7% to 43,635 with Britain growing 26.1% to 11,031 and Germany up 8.1% to 8,276.

Arrivals from France rose 4.0% to 6,632, Netherlands was up 1.1% to 3,020 and Switzerland was up 27.1% to

2,980. Visitors from Eastern Europe rose 17% to 7,218 with Russian arrivals up 9.6% to 3,286 and fromUkraine 2,788 up 38.7%. Visitors from the Middle East rose 5.8% to 3,887. East Asian arrivals rose 22.7% to

12,589 led by an 89.1% increase in Chinese visitors followed by Japan at 2,676 up 14.1%. Sri Lanka's tourist

authorities and the industry have been pushing for more tourists from China. In the first two months Chinese

arrivals were up 57.9% to 6,145 from a year earlier. Malaysian visitors rose 27.9% to 1,973 while tourists

from Singapore dropped 23% to 1,030 and those from Taiwan fell 67% to 262. Korean visitors also dropped

23.7% to 492. South Asian visitors rose only 2.5% to 15,897, with India Sri Lanka's largest generating

dropping 1.8% to 11,139.

[Source: www.lbo.lk]

1Q tea exports value up, volume down: The countrys tea exports in the first quarter saw an increase valuewise though in terms of quantity shipped was lower. Total tea exports amounted to LKR42.28 bn in the first

three months of this year, up by near 6% from LKR40 bn a year earlier. Approximate average unit FOB value

per kilo was LKR595.85 up by 13% or LKR68 from LKR527.92 in the first quarter of last year. Volume wise,

exports amounted to 71 mn kilos, down by 4.9 mn kilos or 6% in comparison to first quarter of last year.

Exports of tea in bulk (LKR16 bn), packets (LKR18.5 bn) and green tea (LKR1.5 bn) saw increase in value wise

over last year whilst tea in bags (LKR6 bn) instant tea (LKR336 mn) were marginally down in 2013 first

quarter. However the three categories showed increase in their average FOB price per kilo, all above

LKR1,000 per kilo levels. Average price of other teas too rose.

[Source: www.ft.lk]

Planters look to trade union, worker cooperation to up productivity: The Planters Association of Ceylonstates that the latest plantation worker wage increase could ensure a monthly income of at least LKR15,500

per person and called for trade union and worker co-operation to increase productivity and efficiency. Thedaily wage package was increased by 20% from LKR515 to LKR620. The wage increase will cause the cost of

production of tea to escalate to its highest levels ever by an increase of LKR40 per kilogram effective from 1

April this year. Sri Lankas cost of production of tea is the highest in the world.The Planters Association that

Company Name Relationship Transaction Quantity Price (LKR) Date

Pan Asia Banking Coporation [PABC: LKR21.0] Mr. W.D.N. H. Perera Director Purchase 1,176,786 20.0-21.0 24.04.13-26.04.13

Type Security Code ISIN Total Number of Shares to be Listed

Ordinary Voting Shares ASPM-N-0000 LK0421N00004 21,300,000


6/8


represents the Regional Plantation Companies (RPCs) which subscribed to the new wage hike, have called for

improved productivity and efficiency, stating them as a mustto mitigate the wage increase, which would

erode profit margins of tea. Planters Association Chairman Lalith Obeyesekere emphasised the need for

highest cooperation from trade unions and workers. The new wage package could be a win situation for the

worker, he noted. The payment for a minimum 25 days work would enable a single worker to earn a

minimum of LKR15,500 per month. A family of three would have a monthly household income of around

LKR45,000. This is in addition to the non-wage benefits of free housing, child care, health and education thatare provided to all plantation families,Obeyesekere added.

[Source: www.ft.lk]

Perceived Economic Opportunity Index improves in March: The Perceived Economic Opportunity Index(PEOI) recorded a slight yet welcome increase for March after falling for three consecutive months. The

index compiler, Foundation for Economic Freedom in Sri Lanka (FEFSL) said the uptick to 1.64 comes after

the index registered its lowest point of 1.56 in February. Without any significant bad news on the

economic front and with traditional April holiday shopping taking place during the first week of April when

the survey was conducted and perhaps also buoyed by the fact that the currency having appreciated; the fall

in optimism seemed to have taken a breather,FEFSL said. The question now is whether this uptick is a

temporary phenomenon or if it is taking on a new positive path. Given that the PEOI is well below themidpoint of 2 and very much in to the relatively pessimistic territory there needs to be a significant rise in the

PEOI to reflect a mood shift from pessimism to optimism,it added.

[Source: www.ft.lk]

Rishad, CEB start work on Lankas industrial power costs:Sri Lankas industrialists who flocked to Industryand Commerce Ministry on Friday, urged the CEB to become more efficient and consider alternative sources.

Interestingly, they commended the Industry Ministry for the ongoing support in getting them connected to

the high power grid. We shall be starting a series of industrialist-CEB consultations immediately on power

efficiency and costs so that our industry sector can overcome the latest surge, Minister of Industry and

Commerce said. The latest tariff hike on the Lankas industrial sector is a flat 15% for all categories which is

lesser than the rate hike in the domestic sector which is minimum 25% and 40% at maximum. Industrialists,who were in talks with Bathiudeen, belonged to all the three categories. Bulk electricity consumers are

represented in Categories I-2 and I-3 and both use Time of Use Tariffs. Of the 50,668 industrial electricity in

2011s accounts, 91% belonged to I-1, though when it came to consumption, I-1 reported only 8% of total

consumption while I-2 lead with 53% of the total 3,398 GW hours used by all industrial categories in 2011.

Sri Lanka plans to have an additional 1,755 MW power generation through the projects of Puttalam Phase 2

(2014), Trincomalee Stage 1, Broadland Hydro and Uma Oya Hydro (2016), Trincomalee Stage 2 (2017) and

rest of Trincomalee Stage 2 (2018), respectively.

[Source: www.ft.lk]

SriLankan Airlines to boost cargo, cut costs with new Airbus aircraft: State-run SriLankan Airlines expects toboost freight volumes especially on long haul flights as well as cut running costs, with the acquisition of 13

wide-body Airbus aircraft, chief executive Kapila Chandrasena said. SriLankan will replace six A340 aircraft

which are up to 18 years old and seven A330-200 aircraft with six A330-300 aircraft and seven A350-900

aircraft. Four will be acquired from Airbus and three from a leasing company. The newer aircraft will be

more fuel efficient allowing costs savings in the region of 7% to 10% even after financing costs of acquisition,

depending on the route flown, he said. As an aircraft gets older they become more expensive to operate and

maintain but new models also incorporate technology that cut costs. Airbus has said the maximum take-off

weight of the A330 has also been increased from 2012. The A350-900 aircraft in particular promises a 25%

cut in operating costs according to its manufacturer Airbus. It is made of 53% composite material with a

carbon fiber reinforced plastic fuselage. SriLankan has been boosting passenger factor, or the amount of

seats filled as a share of total available, but at the expense of cargo on long haul flights. With the new

aircraft no compromises on cargo would be needed. The A350 will be deployed on long-haul routes to

Europe and Japan.

[Source: www.lbo.lk]


7/8


Global News

Euro-Area Economic Confidence Declines More Than Forecast: Economic confidence in the euro areadecreased more than economists forecast in April as the 17- nation currency bloc struggled to emerge from

a recession and the bailout of Cyprus renewed debt-crisis concerns. An index of executive and consumer

sentiment dropped to 88.6 from a revised 90.1 in March, the European Commission in Brussels said today.

Thats the lowest since December. Economists had forecast a decline to 89.3, according to the median of 26

estimates in a Bloomberg News survey. Business confidence and investor sentiment in Germany, Europes

largest economy, dropped more than expected in April. European Central Bank President Mario Draghi said

on April 19 that the economic situation in the bloc hadnt improved since the beginning of the month. At the

same time, Draghi expects the economy to recover from a recession later this year and economists forecast

growth in the second quarter, a separate Bloomberg survey shows. The flawed bailout in Cyprus has revived

uncertainty in Europe,said Annamaria Grimaldi, an economist at Intesa Sanpaolo SpA in Milan. But I think

the concerns are only temporary and we will see modest growth in the second half of this year.

[Source: www.bloomberg.com]

China Industrial Profit Growth Slows as Economic Recovery Wanes: Growth in Chinese industrialcompanies profits slowed in March, adding to evidence the nations economic recovery is losing steam. Net

income increased 5.3% from a year earlier to 464.9 bn yuan (USD75 bn), down from a 17.2% pace in the first

two months, the National Bureau of Statistics said on its website on April 27. Profit in the first quarter rose

12.1% to 1.17 trillion yuan, it said. Profits are only growing in line with sales and with problems of

overcapacity and the sluggish global picture, it doesnt bode well for a speedy return to higher profit

margins,said Louis Kuijs, chief China economist at Royal Bank of Scotland Group Plc in Hong Kong. Heavy

industries especially still face destocking and higher costs, but if there is a silver lining, industries catering to

the consumer, like textiles, food and beverages, seem to be doing much better.

[Source: www.bloomberg.com]


8/8


Softlogic Equity ResearchDimantha Mathew

[email protected]

+94 11 7277030

Kavindu Ranasinghe

[email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Softlogic Equity SalesBranches

Horana

Madushanka Rathnayaka

No. 101, 1/1, Aguruwathota Road, Horana

[email protected]

+94 34 7451000, +94 77 3566465

Negambo

Krishan Williams

No. 121, St. Joseph Street Negambo

[email protected]

+94 31 2224714-5, +94 77 3569827

Kurunegala

Bandula Lansakara

No.13, Rajapihilla Mawatha, Kurunegala

[email protected]

+94 37 2232875, +94 77 3615790

Matara

Lalith RajapakshaNo.8A, 2

ndFloor, FN Building, Station Road, Matara

[email protected]

+94 41 7451000, +94 77 3031159

Dihan Dedigama

[email protected]

+94 11 7277010, +94 77 7689933

Chandima Kariyawasam

[email protected]

+94 11 7277058, +94 77 7885778

Sonali Abayasekera

[email protected]

+94 11 7277051, +94 77 7736059

Thanuja De Silva

[email protected]

+94 11 7277059, +94 77 3120018

The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon

information obtained from sources believed to be reliable and in good faith. Such information has not been independently veri fied and no guaranty, representation

or warranty, express or implied is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change w ithout notice. This

document is for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and

this document is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell any securities or other financial instruments.

Softlogic Stockbrokers (Pvt) Ltd may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which

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Documents

Daily Trade Journal - 29.04.2013