Sri Lanka Stock Market Weekly 38

8/3/2019 Sri Lanka Stock Market Weekly 38

1/20

Sri Lanka Focus 07th

October 2011 ASIA RESEARCH TEAM 1

Major Price Movements Large Trades

IN THIS ISSUE;

Market continues a bear Run......Colombo bourse extended its lethargic motion to a

new month despite ending credit clearance. Pg 2

Analysis of Various Warrants Listed on the CSE

Comparison of the warrants trading price with itsintrinsic value (derived through the Black Scholes Call option

valuation method) Pg 3

Asia Wealths Billion Rupee Club Pg 4Commodity Prices

Weekly overview of commodity trading

Pg 5

Strong Performance on Thin Turnovers.

Activities became fragile during the week as our highnet worth and the corporate investors adopted a virtually negative

approach towards investing. Pg 6

Market Statistics7-Oct 30-Sep

All Share Index 6698.83 6783.55

Milanka Price Index 5978.14 6045.11

Banking & Finance 16029.83 16377.36

Food & Beverage 11976.8 12008.75

Diversified 2147.36 2185.13Hotels & Travels 4338.72 4417.75

Telecommunication 180.44 173.98

Manufacturing 3567.02 3615.36

Market Capitalisation (LKR bn) 2,405.6 2,435.5

(USD bn) 21.8 22.2

Turnover (LKR mn) 8,913.9 9,497.6

(USD mn) 80.9 86.4

Average Daily Turnover (LKR mn) 1,782.8 1,899.5

Volume (mn shares) 401.9 424.4

Foreign Purchases (LKR mn) 746.4 393.6

Foreign Sales (LKR mn) 1,126.9 795.8

Company Volume

E-Channelling 62,673,100

Blue Diamonds( Non Voting) 39,033,100

Panasian Power 24,621,900

Laugfs Gas 21,106,800

Ceylon & Foreign Trades 19,169,100

Seylan Merchant Bank( W : 0016) 16,590,700

Blue Diamonds 14,241,600

Dialog Axiata 12,884,100

Seylan Merchant Bank 12,279,600

Tess Agro 11,707,500

Renuka Agri 10,372,100

Laxapana Batteries 10,305,900

Company Price +/-LKR +/- % Volume

Seylan Merchant Bank (W16) 0.4 -1.0 -71.4 19,725,400

Citrus Leisure (W19) 19.6 -14.4 -42.4 1,357,500

Alliance Finance Company 850.0 -349.8 -29.2 1,800

Citrus Leisure (W18) 26.0 -8.0 -23.5 1,357,500

Radiant Gems 170.0 -51.0 -23.1 694,600

Samson Internat. 150.0 -25.0 -14.3 1,100

Seylan Merchant Bank (X) 0.8 0.1 14.3 4,483,900

Ceylon & Foreign Trades 10.8 1.4 14.9 19,169,100

Abans Financial Services 81.5 11.5 16.4 229,900

E- Channeling 9.7 1.4 16.9 62,673,100

Asiri Central Hospitals 230.0 34.0 17.3 36,700

Laugfs Gas 50.0 9.0 22.0 21,106,800

Weekly Report by Asia Wealth Management ResearchV

olume32

7thO

ctober2011

Colombo StockExchange

Focus0

955

1910

2865

3820

4775

5730

6685

6200

6374

6548

6722

6896

20-

Sep

21-

Sep

22-

Sep

23-

Sep

26-

Sep

27-

Sep

28-

Sep

29-

Sep

30-

Sep

3-

Oct

4-

Oct

5-

Oct

6-

Oct

7-

Oct

Turnover (RHS) ASI closing (LHS)

(LKR mn)(ASI)

ASI Daily Closing


2/20



Market continues a bear Run......

Colombo bourse extended its lethargic motion to a new month despite ending credit clearance. The weekly trades

were dominated by retailers soughting for speculative counters while institutions adopting a strategy of

accumulating fundamentally sound stocks which are currently trading with substantial discounts. However, the week

closed showing a slight revival in both the indices and registering a mere net inflow during Fridays trading.

The benchmark All Share Indexdipped 84.7 points WoW to close at 6,698.8 points (-1.2%), whilst the more liquid

Milanka Price Index also dipped 67.0 points WoW to close at 5,978.1 points (-1.1%). The All Share Index dipped

mainly on the back of the losses made by Lanka Orix Leasing (-7.1% WoW), Commercial Bank of Ceylon (-3.4%

WoW), John Keells Holdings (-1.7% WoW), Bukit Darah (-1.9% WoW), Trans Asia (-8.9% WoW) and Singer Sri Lanka

(-6.4% WoW).

The Colombo bourse entered a fresh month further dragging down indices, concluding a very volatile month ofSeptember breaking the history of super September. The month of September has been historically known as CSEs

best, but this year bourse failed to meets with its historical trend. Nevertheless, CSE still remains as the Asias best

performing frontier market with a year to date growth of 0.9%, being aided through favourable macroeconomic

settings. This is in contrast to sharp plunges by other Asian bourses such as Bangladesh (down 28%), Hong Kong

(down 22%), India (down 19%), and Singapore (down 18%).

The market recorded an average daily turnover of LKR1.8bn over the past week, together with an average daily

volume of 80.4mn.

Laugfs Gas (Voting) topped the turnover list for the week on the back of high net worth and institutional investor

drive, delivering a convincing 22% price appreciation. This has contributed almost 11% to the weekly total turnover,

being carried away by the positive prospects to the company via the explored gas deposit in Mannar basin. The

second most active stock for the week was Regnis (Lanka), which has attracted a significant retailer and high net

worth interest to close with a WoW price gain of 12.5%. Similarly, retailer favourite E-Channelling also contributed

heavily to the weekly trades which also became the highest volume traded counter for the week covering almost 16%

of the weekly volume. More significantly, the heavy weight John Keells Holdings gave a convincing contribution

being aided by institutional investors, even though concluded with a marginal WoW price dip of 1.7%. Furthermore,

representing the motor sector prospects, Colonial Motors appeared amongst high contributors for the week, yielding

a price gain of 6%.

Apart from the above, high volume contributors for the week were E -Channelling, Blue Diamonds (Non Voting),

Panasian Power, Laugfs Gas (Voting) and Ceylon & Foreign Trades.

During the week, Peoples Leasing Company, the largest leasing company in Sri Lanka officially announced their IPO to

raise capital amounting to LKR7.02 billion.

The week saw a net foreign outflow of LKR380.5mnwhere foreign purchases amounted to LKR746.4mn

Whilst, foreign sales amounted to LKR1,126.9 mn.

The Week in FOCUS


3/20



Analysis of Various 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 valueand the traded price. Hence, the positive figures would explain the potential for the respective warrant to further

appreciate. Thus, the negative value would denote that the warrant is overvalued at the current price (assuming the

underlying stock price to be constant). However, it is noted that the intrinsic value is derived based on the current

value of the underlying stock price, its volatility, period to maturity and the risk free rate. Hence, any adverse

movement of the mentioned assumptions would have an adverse impact on the warrant value, and any favourable

movement would positively impact the warrant value (E.g.: if in case the asset price appreciates from the existing, it

would invariably increase the value of the warrant.

Features

Exerciseprice

Share Price(2011/10/07)

Expiry Date Warrant Price(2011/10/07)

Price According to Black

Scholes model (Intrinsic

value)

Undervalued/(Overvalued)

CLPL-W-0013 118.0 80.1 25/08/2014 11 0.0070 (12.19)

CLPL-W-0014 142.0 80.1 25/08/2015 11.5 0.0001 (12.00)

GREG-W-0002 33.0 60.2 24/02/2012 27.7 28.2646 (1.64)

GREG-W-0003 36.0 60.2 24/02/2014 25.5 30.5125 3.51

GREG-W-0006 39.0 60.2 24/02/2015 23.8 30.5114 4.21

REEF-W-0017 30.0 61.1 15/10/2011 32.9 31.1884 (2.81)

REEF-W-0018 30.0 61.1 30/06/2012 25.6 32.8649 4.96

REEF-W-0019 40.0 61.1 15/06/2015 20 31.3863 10.49

SEMB-W-0015 1.0 2.6 12/12/2011 1.4 1.6164 0.22

SEMB-W-0016 0.8 0.8 12/12/2011 0.3 0.0174 (0.38)

Warrants Valuation


4/20



Table below shows the club of 39 members who have qualified to be a part of Asia Wealth Researchs Billion Rupee

Club. The eligibility criteria lie with their earnings reaching LKR1 bn mark. The list will be refreshed on a quarterly

basis identifying the new qualifying members whilst eliminating the disqualifying.

Colombo Bourses Billion Rupee Club

Company Trailing ROE Net Profit 4qtr Market CapitalizationLKR mn LKR mn

JOHN KEELLS HOLDINGS 14.44% 8,602.71 173,132.39

DISTILLERIES 26.17% 8,602.28 51,900.00

COMMERCIAL BANK 19.80% 7,235.20 87,908.30

CARSON CUMBERBATCH 28.34% 7,136.10 113,924.05

BUKIT DARAH 47.40% 6,712.64 109,140.00

CEYLON TOBACCO 191.82% 5,977.00 73,430.91

DIALOG TELEKOM 17.66% 5,511.17 67,593.36

HNB 17.35% 5,430.54 61,621.74

SRI LANKA TELECOM 9.77% 5,006.00 86,633.28

LOLC 32.74% 4,839.06 47,044.80

SAMPATH BANK 22.72% 4,254.78 34,194.21

CEYLON GUARDIAN 33.23% 3,785.80 25,376.10

AITKEN SPENCE 12.23% 2,647.17 54,403.47

DIMO 55.66% 2,580.31 11,983.19

DFCC BANK 88.28% 2,449.49 33,985.52

NDB 15.12% 2,417.52 22,659.86

NESTLE LANKA 114.96% 2,252.96 47,047.39

COLOMBO DOCKYARD 28.18% 2,211.53 17,793.64

CENTRAL FINANCE 18.27% 2,092.34 28,108.73

BROWNS 12.88% 1,968.09 19,504.80AHOT PROPERTIES 13.72% 1,882.72 39,628.39

EXPOLANKA HOLDINGS - 1,583.31 -

CEYLON INVESTMENT 24.30% 1,564.18 12,068.07

CHEVRON LUBRICANTS 55.84% 1,548.52 19,704.00

CEYLON TEA SERVICES 23.54% 1,506.87 16,000.00

ROYAL CERAMICS 28.12% 1,468.11 14,679.59

CEYLINCO INSURANCE 17.33% 1,461.93 15,700.00

RICHARD PIERIS 29.48% 1,421.02 19,766.28

NATIONS TRUST BANK 16.98% 1,326.33 14,412.96

UNITED MOTORS 29.93% 1,249.77 10,453.30

LANKA ORIX FINANCE 35.46% 1,246.09 30,240.00CEYLON THEATRES 10.36% 1,228.11 34,696.93

LB FINANCE 40.11% 1,190.09 10,804.11

HEMAS HOLDINGS 12.95% 1,180.61 19,969.58

CARGILLS 15.61% 1,137.13 44,800.00

LION BREWERY 20.79% 1,109.64 16,720.00

AIT. SPENCE HOTEL HOLD. 12.24% 1,100.48 24,212.88

UNION ASSURANCE 41.08% 1,036.20 8,775.00

COLOMBO FORT LAND 23.45% 1,016.81 10,170.00


5/20



OIL

Oil prices continued to slide this week on the back of the announcement that the International energy agency is set

to sell an extra 60 million barrels of oil, which represents 2.2% of total global supply. This decision was takensubsequent to a belief that the Middle East crisis is likely to persist and would result in supply disruptions. However

J.P Morgan expects a rebalancing of Supply and demand expectations would put a floor on this downward trend

GOLD

Gold rebounded in the first half of this week after the gold price fell significantly over the past few weeks having risen

to unsustainable levels. Gold is expected to rebound as declining production data and the possibility of an Italian

Sovereign debt default intensifies.

COPPER

Copper prices continued to decline albeit at a more conservative pace as the IMF warns that it cannot rule out the

possibility of a recession in 2012. Although the red metals bearish trend remains intact, the attractive spot prices

would put pressure on prices due to increased buying pressure from China.

USD

The USD continues to remain fairly stable at an elevated level as the basket of safe haven asset continues to shrink.

The greenback strengthened against the Euro as it the Euro zone attempts to curtail the effects of the downgrading

of Italys Sovereign debt by Moodys.

USD WEEKLY (DATE AS

AT)

09.09.11 16.09.11 23.09.11 30.09.11 06.10.11 WoW %

Change

Crude Oil (Barrel USD) 114.55 115.34 105.49 104.41 102.76 1.6

METAL

Gold (Ounce USD) 1870.62 1781.40 1742.90 1626.91 1648.29 1.3

Copper( Ton.USD) 9117.25 8744.75 8738.50 7215 6987 -3.2

AGRI

Tea SLR/Kg 344.05

(Sept 09)

344.46

(16Sept)

367.61

(23 Sept)

347.45

(30 Sep)

340.12

(Oct 07)

-2.1

Rubber (RSS 1) LKR 484.50

(Sept 06)

485.75

(Sept 08)

485.75

(Sept 08)

485.75

(Sept 27)

485.75

(Sept 29)

-

Exchange Rates( LKR)

09.09.11 12.08.11 23.09.11 30.09.11 0.7.10.11 WoW%Change

USD 109.99 110.07 110.3 110.17 110.17 -

EURO 152.74 151.82 148.56 158.44 147.86 -6.7

STG (GBP) 175.60 173.66 169.4 179.22 170.22 5.02

YEN 1.42 1.44 1.44 1.42 1.44 1.4

YUAN (CNY) 17.23 17.24 17.27 17.21 17.28 0.4

Commodity Prices


6/20



Strong Performance On Thin Turnovers.

Activities became fragile during the week as our high net worth and the corporate investors adopted a

virtually negative approach towards investing. This neglected the fundamentally strong counters, while

over the week, trading witnessed certain low valued speculative counters grabbing retailer attention,resulting daily volumes traded to be relatively healthy at 80.4mn on average, whilst average daily turnovers

dip 6.1% WoW.

Meanwhile, the extended weaker buying side of foreigners resulted a year to date (YTD) influx of LKR

41.7bn, whilst cumulative foreign selling was and LKR 58.9bn giving an enlarged net outflow of LKR 17.2bn.

Despite the fact, the Colombo Bourse was Asias best performing equity market, with an YTD return of0.9%

foreigners kept on detaching from the market, presumably realizing their profits from the previous intakes.

However, a correction to this pessimism is expected, with the fundamentally strong blue chips currently

falling off in price and with the upcoming heavy weight listings which would revive foreigners attention,

towards the Sri Lankan market.

Market Outlook


7/20



Charts Sourced from Asia Wealth Research

Tokyo Cement ManufacturingNLKR50.00 XLKR37.50

Colonial Motors MotorNLKR499.80

Expo Lanka Holdings DiversifiedNLKR11.40

John Keells Holdings DiversifiedNLKR202.50

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.

COLO has penetrated into the domestic market by introducing KIA vehicles at

significantly reduced prices. That has been highly successful though it led to

reduce the gross profit margin of the company. Gross profit margin has slightly

improved from 24% to 25% on QoQ basis however it has dipped YoY to record a

drop from 37.5% to 24.7% during 1QFY12. Nevertheless going forward,

company would be able to improve margins by simply skimming the prices of

vehicles together with attaining better margins in Sale of spare parts and repairs

business.

With the boom in the Sri Lankan economy and government expenditure on road,

sea, air and rail infrastructure which paves way towards tourism and

international trade, the revenue growth in transport and international trading

expects to fatten contributing to the overall earnings of the company. EXPOs

asset light business model couple with high future earnings anticipates delivering

higher ROEs.

Going forward, with the growth in GDP, per capita income and increase in tourist

arrivals we anticipate the consumer retail and the leisure sector to boom. Hence

we expect the forward PE multiples to be 17.3X and 14.0X in FY12 and FY13

respectively. Hence the heavy weight JKH is considered to be a value stock.

Key Buys

Focus on Investment

0

10

20

30

40

50

60

70

80

7-Oct 7-Nov 7-De c 7-Jan 7-Feb 7-Mar 7-Apr 7-May 7-Jun 7-Jul 7-Aug 7-Se p

TOKYO CEMENT COMPANY

0

100

200

300

400

500

600

7-Oct 7-Nov 7-De c 7-Jan 7-Fe b 7-Mar 7-Apr 7-May 7-Jun 7-Jul 7-Aug 7-Sep

COLONIAL MOTORS P LC

0

2

4

6

8

10

12

14

16

18

13-Jun 20-Jun 27-Jun 4 -Jul 11-Jul 18-Jul 25-Jul 1 -Aug 8 -Aug 15-Aug 22-Aug 29-Aug 5 -Sep 12-S ep 19-S ep 26-S ep

EXPOLANKA HOLDINGS PLC

0

50

100

150

200

250

300

350


JOHN KEELLS HOLDINGS PLC


8/20



Asian Hotels HotelNLKR89.00

Chemical Industries Chemicals & PharmaceuticalsNLKR129.90 X85.80

Commercial Bank BankingNLKR111.00 X79.50

Distilleries Company Food & BeverageN

LKR172.50

Asian Hotels and Property Development PLC is well poised to ride the expected

growth in the hotel sector of the country. We expect to see a healthy growth in

the industry, shouldered by the improvement in both the tourist arrivals to the

country as well as the growth in the overall economy.

With countrys agricultural sector achieving a phenomenal growth during theFY2010, and with vast opportunities unfolding in North & East, CIC is well

positioned to reap benefits as a pioneering firm catering predominantly to

agricultural sector. Acquisition of dairy farms in north & east region coupled with

CICs plans to expand overseas will strengthens companys earnings in the

medium to long term.

Commercial Bank is the largest private sector commercial bank with an asset

base of LKR370.3bn and operates with a 400 ATM points, which is also the

largest single network in the country. Towards the future, bank is well

positioned with capital, to take advantage of the strong credit demand

prevailing in the low interest rate economy.

Distilleries with its insurance segment, power plant operating in full capacity,

together with its plantation segment generating higher earnings driven by the

demand for tea will result a bottom line growth. In addition its beverage

segment that has a seasonal impact which is shouldered by the expected

foreign influx has great potential in the forthcoming periods. In addition, with

DISTs current cash rich position, we can expect the company to expand their

diversification strategies.

Focus on Investment

0

50

100

150

200

250

7-Oct 7-Nov 7-De c 7-Jan 7-Fe b 7- Mar 7-Apr 7- May 7- Jun 7-Jul 7- Aug 7-Se p

ASIAN HOTELS & PROPERTIES PLC

0

50

100

150

200

250


CIC HOLDINGS PLC

0

50

100

150

200

250

300

7-Oct 7 -Nov 7-De c 7 -Jan 7 -Fe b 7 -Mar 7 -Apr 7 -May 7 -Jun 7 -Jul 7 -Aug 7-Sep

COMMERCIAL BANK OF CEYLON PLC

0

50

100

150

200

250


DISTILLERIES COMPANY OF SRI LANKA PLC


9/20



Hatton National Bank BankingNLKR195.00 X89.70

Royal Ceramics Manufacturing

N

LKR130.60

Chevron Lubricants ManufacturingNLKR160.00

LB Finance Banking & FinanceNLKR153.00

HNB, the second largest private commercial bank with a total asset base of

LKR323.3 bn and a strong network of over 200 branches, is continuing its focus

on expanding its branch network. 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. Banking sector earnings are expected to be robust

with interest margins of around 6% to be maintained in 2011E.

LLUB with a renowned history in paying high dividends, during FY10 company

paid LKR1,470mn as dividends which is a payout of 98% opposed to 96%dividend payout in FY09(LLUB paid LKR1440mn dividends in FY09). Going

forward we do not expect a drastic change in companys dividend policy. Hence,

LLUB would definitely find its way to an equity portfolio based on recurring

income in terms of mammoth dividends, but not in terms of value.

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 3bn and

an island wide branch net work of 34. With satisfactory liquidity levels and

capital adequacies, company is poised to take advantage in the prevailing low

interest rate regime.

.

A reconstruction boom in the North and East would drum up the overall

economic growth whilst RCL would strongly benefit from the growing demand in

the Western and Southern provinces. Further, with the local tourism expected to

rebound hotel capacity building would prompt additional demand for highly

quality tiles. Further, cost rationalising process in the factories and value added

product manufacturing would strengthen company earnings.

Focus on Investment

0

50

100

150

200

250

300

350

400

450

7-Oct 7-Nov 7-De c 7-Jan 7-Fe b 7-Mar 7-Apr 7-May 7-Jun 7-Jul 7- Aug 7-Se p

HATTON NATIONAL BANK PLC

135

140

145

150

155

160

165

170

175

180

185

7 -Oct 7 -Nov 7 -De c 7 -Jan 7-Feb 7 -Mar 7-Apr 7 -May 7 -Jun 7 -Jul 7 -Aug 7 -Se p

CHEVRON LUBRICANTS LANKA PLC

0

50

100

150

200

250

300

350

7-Oct 7-Nov 7-D ec 7-Jan 7 -Feb 7 -Mar 7 -Apr 7 -May 7-Jun 7-Jul 7-Aug 7-Sep

ROYAL CERAMICS LANKA PLC


10/20



Sampath Bank BankingNLKR217.00

Bank will continue its aggressive expansion to ensure its spread of servicethrough the island. As the pioneer in blending IT with banking, the company will

revamp its existing products and innovate new customer focus products. With

the expansions in construction of tourism related infrastructure and expansion

of existing industries loan book is expected to grow further.

Focus on Investment

0

100

200

300

400

500

600

7-Oct 7-Nov 7-Dec 7-Jan 7-Feb 7-Mar 7-Apr 7-May 7-Jun 7-Jul 7-Aug 7-Sep

SAMPATH BANK PLC


11/20



As at 07th October 2011

Rights issues

Peoples Merchant : 04 for 05 rights issue @LKR15.00 XR: 12.10.2011SUGA : 01 for 04 rights issue @LKR18.00

Capitalization of reservesAlliance Finance Company : One (01) new share for every Two (02) shares held Consideration: LKR10.00

Share SwapCeylon and Foreign Trades : One (01) share for every Ninety One point Three One Five (91.315) shares held

Stock Exchange Anouncements


12/20



Dividend AnnouncementsCompany Dividend per share XD Date Payment Date

Cargills (Ceylon) Final Dividend LKR1.00 30.09.2011 10.10.2011

E B Creasy Final Dividend of LKR6.00 30.09.2011 10.10.2011

Lankem Ceylon Final Dividend of LKR1.50 03.10.2011 12.10.2011

The Colombo Fort Land & Building Co First & Final Dividend of LKR0.20 03.10.2011 12.10.2011

Ceylon Printers Final Dividend of LKR10.00 03.10.2011 07.10.2011

Kalamazoo Systems Final Dividend of LKR5.00 03.10.2011 07.10.2011

Office Equipment Final Dividend of LKR30.00 03.10.2011 07.10.2011

Sinhaputhra Finance Final Dividend of LKR0.75 30.09.2011 10.10.2011

Lanka Ceramic Final Dividend of LKR1.50 30.09.2011 10.10.2011

CT Holdings PLC Final Dividend of LKR 1.00 19.10.2011 28.10.2011

Multi Finance PLC First and Final Dividend of LKR 0.10 03.10.2011 12.10.2011

Abans Electricals Final Dividend of LKR 2.00 03.10.2011 12.10.2011

Chilaw Finance Final Dividend of LKR 0.50

ACL Cables Interim Dividend of LKR0.70 03.10.2011 13.10.2011

Touchwood Investment First & Final Dividend of LKR0.10 03.10.2011 12.10.2011Eden Hotel Lanka Interim Dividend of LKR0.20 07.10.2011 14.10.2011

Associate Motor Finance Final Dividend of LKR3.00 07.10.2011 18.10.2011

Mercantile Investments PLC Second interim dividend of LKR12.00 13.10.2011 17.10.2011

Stock Exchange Anouncements


13/20



FY08 FY09 FY10 FY11E FY12E FY08 FY09 FY10 FY11E FY12E FY08 FY09 FY10 FY11E FY12E

FINANCIAL SERVICES

Commercial Bank Dec 765 84.9 111.00 4,120 4,193 5,510 6,414 7,078 5.0 5.1 6.7 7.8 8.7 22.0 21.6 16.5 14.1 - 7.00 6% 16% 87.9 1.3

Commercial Bank Dec 52 4.2 79.50 4,120 4,193 5,510 6,414 7,078 10.9 11.1 14.4 16.8 18.6 7.3 7.2 5.5 4.7 - 7.00 9% 16% 82.8 1.0

Sampath Bank Dec 157 34.0 217.00 1,495 2,073 3,485 4,915 5,316 9.5 13.2 22.2 31.3 33.9 22.8 16.4 9.8 6.9 6.4 4.00 1.8% 20% 112.8 1.9

NDB Bank Dec 164 22.3 136.00 2,150 2,085 4,267 4,593 5,281 13.1 12.7 26.0 28.0 32.2 10.4 10.7 5.2 4.9 4.2 8.00 5.9% 15% 93.6 1.5

LB Finance Dec 69 10.6 153.00 206 360 500 1,020 1,613 3.0 5.2 7.2 14.7 23.3 51.5 29.5 21.2 10.4 6.6 3.50 2.3% 47% 37.7 4.1

Central Finance Mar 105 27.5 261.90 1,211 1,127 1,046 1,500 1,781 17.5 16.3 15.1 21.7 25.7 8.8 9.4 10.1 7.1 6.0 6.0 2.3% 11% 449.6 0.6

CONGLOMERATES

Hayleys Mar 75 27.8 370.20 453 311 1,731 725 957 6.0 4.1 23.1 9.7 12.8 61.3 89.3 16.0 38.3 29.0 2.0 0.5% 14% 164.7 2.2John Keells Hold. Mar 841 170.2 202.50 5,119 4,732 5,202 8,246 10,690 6.1 5.6 6.2 9.8 12.7 33.3 36.0 32.7 20.6 15.9 2.3 1.1% 9% 70.9 2.9

Expolanka 1955 22.3 11.40 (50) 310 518 1,578 1,803 0.0 0.2 0.3 0.8 0.9 na 72.0 43.0 14.1 12.4 na na 12% 2.2 5.2

FOOD & BEVERAGE

Bairaha Farms Mar 16 3.9 244.90 86 3 134 529 772 5.4 0.2 8.4 33.1 48.2 45.6 1511.4 29.2 7.4 5.1 3.0 1.2% 11% 74.8 3.3

Distilleries Mar 300 51.8 172.50 4,101 3,387 2,136 8,146 4,824 13.7 11.3 7.1 27.2 16.1 12.6 15.3 24.2 6.4 10.7 2.5 1.4% 7% 106.8 1.6

TOURISM

Asian Hotels Mar 442.78 39.4 89.0 847.39 531 630 1,774 2,091 1.9 1.2 1.4 4.0 4.7 46.5 74.2 62.6 22.2 18.8 2.0 2.2% 5% 31.0 2.9

MANUFACTURING

Royal Ceramics Mar 110.79 14.5 130.60 611 518 964 1,459 2,378 5.5 4.7 8.7 13.2 21.5 23.7 27.9 15.0 9.9 6.1 4.0 3.1% 18% 47.4 2.8

Chevron Lubricants Dec 120.00 19.2 160.00 948 1,495 1,501 1,603 1,717 8.6 13.5 13.6 14.5 15.5 18.7 11.9 11.8 11.1 10.3 12.0 7.5% 54% 23.1 6.9

Tokyo (Voting) Mar 202.50 10.1 50.00 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 26.5 43.8 52.1 13.9 12.0 1.65 3.3% 5% 18.7 2.7

Tokyo (NV) Mar 101.25 3.8 37.50 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 19.9 32.9 39.1 10.4 9.0 1.65 4.4% 5% 18.7 2.0

Lanka Walltile Mar 54.60 6.0 110.00 361 279 478 408 701 6.6 5.1 8.8 7.5 12.8 16.7 21.5 12.6 14.7 8.6 2.3 2.1% 15% 56.6 1.9

Piramal Glass Mar 950.09 7.9 8.30 35 (261) (61) 579 528 0.0 -0.3 -0.1 0.6 0.6 na na na 13.6 14.9 0.3 3.6% -3% 2.3 3.6

Land and Property

Overseas Realty Dec 843.48 12.2 14.50 1,783 1,342 724 1,004 1,056 2.1 1.6 0.9 1.2 1.3 6.9 9.1 16.9 12.2 11.6 4% 20.3 0.7

Mortor

DIMO Mar 8.88 12.0 1350.00 205 103 278 2,006 2,128 23.1 11.6 31.4 225.9 239.8 58.4 116.3 43.1 6.0 5.6 7.0 0.5% 8% 377.4 3.6

COLONIAL MOTORS PLC Mar 9.12 4.6 499.80 (2) 40 229 842 1,232 -0.2 4.4 25.1 92.2 135.1 na 113 20 14.6 4 25.8 5.2% 15% 168.4 3.0

PLANTATIONS

Kegalle Plantations Mar 25.00 3.6 143.00 421 205 376 783 887 16.8 8.2 15.0 31.3 35.5 8.5 17.4 9.5 4.6 4.0 3.0 2.1% 22% 68.4 2.1

Namunukula Plantations Mar 23.75 2.3 96.00 230 41 147 461 539 9.7 1.7 6.2 19.4 22.7 9.9 56.1 15.5 4.9 4.2 na na 16% 39.0 2.5

Power And Energy

Laugfs GasV) Mar 335.00 16.8 50.00 (85) 243 527 1,003 1,183 na 0.6 1.4 2.6 3.1 na 79.6 36.7 19.3 16.4 8% 18.9 2.6

Laugfs Gas(NV) Mar 52.00 1.5 29.80 (85) 243 527 1,003 1,183 na 0.6 1.4 3.0 3.9 na 47.4 21.9 9.9 7.7 8% 122.1 0.2

CHEM & PHARMACEUTICALS

Chemical industries Mar 72.90 9.5 129.90 510 408 601 935 1143 5.4 4.3 6.3 9.9 12.1 24.1 30.2 20.5 13.2 10.8 1.9 1.4% 12% 51.5 2.5

Chemical industries(NV) Mar 21.87 1.9 85.80 510 408 601 935 1143 5.4 4.3 6.3 9.9 12.1 16.0 19.9 13.5 8.7 7.1 1.9 2.2% 12% 51.5 1.7

Haycarb Mar 29.71 4.6 155.00 180 225 633 716 781 6.0 7.6 21.3 24.1 26.3 25.6 20.5 7.3 6.4 5.9 5.0 3.2% 10% 77.4 2.0

DPS DY ROE BVPS PBV

Earnings PEREPS (LKR)

Company PriceSH(mn)YE

M.CAP.

Bn

Valuation Guide


14/20



ompany Year Price Shares Trailing BVPS Net Profit Trailing Trailing PBV Mkt Cap Mn

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

MARKET (1.25) (4.27) (3.17) 17.27% 152,940.37 33,830.91 37,510.54 40,860.37 37,700.85 26,922.21 15.73 2.72 2,405,600.00

ELECOMMUNICATIONS 3.71 (0.06) (5.05) 12.76% 10,517.17 2,526.19 2,453.78 2,817.30 2,719.90 2,143.10 15.36 1.96

ALOG TELEKOM DIAL D 8.40 - (1.18) (3.45) 8143.78 17.66% 3.83 5,511.17 1,384.19 1,158.78 1,275.30 1,692.90 1,374.10 0.68 12.4 2.2 68,407.74

RI LANKA TELECOM SLTL D 51.60 6.63 0.78 (6.19) 1804.86 9.77% 28.39 5,006.00 1,142.00 1,295.00 1,542.00 1,027.00 769.00 2.77 18.6 1.8 93,130.78

NANCIAL SERVICES - - - 19.28% 41,563.42 8,386.42 7,512.01 12,154.52 9,224.20 9,263.81 13.91 2.68

anking 24,583.72 4,861.60 6,373.94 6,934.46 5,405.23 7,610.75

OMMERCIAL BANK [NV] COMB X D 111.00 (2.20) (52.13) (57.33) 765.09 19.80% 44.70 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 1,206.10 8.85 12.5 2.5 84,924.47

OMMERCIAL BANK [V] COMB D 79.50 0.63 (50.00) (53.21) 52.36 19.80% 44.70 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 1,206.10 8.85 9.0 1.8 4,163.01

FCC BANK DFCC M 127.00 (1.01) (8.30) (11.81) 265.10 88.28% 10.47 2,449.49 683.04 611.12 630.40 524.93 3,323.90 9.24 13.7 12.1 33,667.41

NB [V] HNB D 195.00 (1.46) (8.75) (9.76) 311.22 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 1,220.00 13.98 13.9 2.4 60,688.07

NB [NV] HNB X D 89.70 (2.39) (19.80) (24.64) 77.15 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 1,220.00 13.98 6.4 1.1 6,920.62

ATIONS TRUST BANK NTB D 61.50 (0.65) (5.38) (6.96) 230.61 16.98% 33.88 1,326.33 360.40 375.85 235.82 354.26 280.96 5.75 10.7 1.8 14,182.35

DB NDB D 136.00 (1.45) (2.02) (10.05) 164.20 15.12% 97.37 2,417.52 396.68 605.34 607.28 808.22 433.40 14.72 9.2 1.4 22,331.46AN ASIA BANK PABC D 25.50 1.59 (5.56) (4.14) 295.04 19.34% 10.81 617.07 210.03 196.02 81.84 129.17 83.20 2.09 12.2 2.4 7,523.55

AMPATH BANK SAMP D 217.00 (0.50) (9.96) (10.33) 156.85 22.72% 119.40 4,254.78 1,134.80 980.05 1,350.60 789.33 746.07 27.13 8.0 1.8 34,037.36

EYLAN BANK [V] SEYB D 67.00 2.76 2.76 (1.33) 173.33 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 311.80 1.91 35.1 1.3 11,613.33

EYLAN BANK [NV] SEYBX D 35.60 (1.38) 0.85 5.29 164.75 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 311.80 1.91 18.7 0.7 5,864.98

DFC HDFC D 1700.00 (5.00) 3.36 17.62 6.47 10.59% 303.13 207.78 120.52 70.31 (0.01) 16.96 5.32 32.11 52.9 5.6 11,000.79

NION BANK UBC D 21.60 -0.45 -11.34 -11.69 349.25 1.42% 71.23 71.23

nance Co.s & / Merchant Banks 27.20% 10,756.44 3,112.99 402.02 1,684.55 2,279.10 1,399.24 18.79

SIA CAPITAL ACAP M 83.30 (3.79) (11.71) (19.21) 110.00 63.42% 11.43 797.50 0.64 248.30 275.72 272.85 108.75 7.25 11.5 7.3 9,163.00

LLIANCE FINANCE ALLI M 850.00 (29.15) (28.03) (12.60) 1.62 23.74% 631.91 243.02 81.93 103.56 38.70 18.82 16.00 150.01 5.7 1.3 1,377.00

RPICO FINANCE ARPI M 124.00 (8.15) (4.62) 14.81 4.46 8.17% 73.52 26.82 3.76 5.61 6.64 10.80 5.40 6.01 20.6 1.7 553.35

ENTRAL FINANCE CFIN M 261.90 (2.40) (4.19) (81.17) 104.88 18.27% 109.22 2,092.34 618.20 532.13 472.10 469.91 276.24 19.95 13.1 2.4 27,468.94

ATION LANKA CSF M 19.50 (3.45) (3.45) (13.27) 199.93 28.95% 1.69 97.65 (34.77) (3.16) 165.57 (29.99) (23.25) 0.49 39.9 na 3,898.64

OLC LOLC M 92.00 (8.10) (7.91) (11.24) 475.20 32.74% 31.10 4,839.06 1,725.04 600.02 718.10 1,795.89 726.19 10.18 9.0 3.0 43,718.40

B FINANCE LFIN M 153.00 (2.75) (11.63) (16.21) 69.26 40.11% 42.84 1,190.09 351.02 391.18 227.71 220.18 181.16 17.18 8.9 3.6 10,596.34

ERCHANT BANK MBSL D 38.60 (3.23) (0.26) (9.53) 135.00 17.17% 21.59 500.52 48.23 126.55 164.28 161.46 103.00 3.71 10.4 1.8 5,211.00

EOPLE'S MERCHANT PMB M 19.90 4.74 (5.24) (17.08) 37.50 23.39% 16.10 141.23 135.06 (16.38) 25.30 (2.76) (17.12) 3.77 5.3 1.2 746.25

EYLAN MERCHANT [V] SEMB D 2.60 (3.70) - 8.33 826.49 3.26% na 17.53 (22.15) 18.76 3.22 17.70 22.00 0.01 205.6 na 2,148.86

EYLAN MERCHANT [NV] SEMB X D 0.80 - (11.11) - 560.00 3.26% na 17.53 (22.15) 18.76 3.22 17.70 22.00 0.01 63.3 0.8 448.00

HE FINANCE TFC M 43.70 2.84 13.61 42.30 57.97 93.17% na (3,225.63) 26.39 (2,074.13) (440.50) (737.39) na na 2,533.12

ANIK [V] VANI D 14.20 (3.65) (3.97) (25.45) 57.97 na 0.00 - na na 823.12

ANIK [NV] VANI X D 0.80 - - - 100.00 na 0.00 - na na 80.00

APITAL REACH CRL M 48.50 -4.42 -9.14 -13.11 37.45 12.90% 14.18 68.54 45.98 22.56 1.83 26.5 3.4 1,816.52

EOPLES LEASING FINANCE SMLL D 44.60 -5.56 -6.36 -0.67 68.14 12.31% 12.74 106.89 70.39 35.63 0.87 1.57 28.4 3.5 3,039.08

ALLIBEL FINANCE VFIN 44.00 0.68 -6.12 -11.88 41.55 26.33% 12.43 135.95 48.15 36.65 27.70 23.45 3.27 13.4 3.5 1,828.23

NHAPUTRA SFL 115.00 -5.66 -4.17 2.68 6.30 7.65% 76.05 36.64 36.64 5.82 19.8 1.5 724.03

NGER FINANCE SFIN M 31.60 -4.23 -18.72 4.28 106.67 12.54% 8.82 117.92 51.27 60.88 5.77 1.11 28.6 3.6 3,370.67ITIZENS DEVELOPMENT FINANCE CDB M 70.00 -0.14 -8.50 -15.56 46.30 46.23% 23.82 509.94 80.20 219.04 210.7 65.50 9.81 7.1 2.9 3,240.95

TIZENS DEVELOPMENT FINANCE CDBX M 51.70 -4.79 9.53 0.00 5.67 46.23% 194.56 509.94 80.20 219.04 210.7 65.50 9.81 5.3 0.3 293.10

ENKADAGALA FINANCE SFCL M 20.00 0.00 0.00 0.00 53.37 22.72% 20.89 253.30 - 4.75 4.2 1.0 1,067.36

WARNAMAHAL FINANCE SFS M 78.10 3.27 -7.17 8.22 25.00 na 0.00 - - na na na 1,952.50

HILAW FINANCE LIMITED CFL M 24.50 -3.50 -7.81 -5.34 28.08 8.76% 10.56 25.97 - 0.92 26.5 2.3 688.06

OMMERCIAL CREDIT LIMITED COCR M 31.50 0.65 0.65 8.33 218.07 96.40% 1.04 218.76 - 1.00 31.4 30.3 6,869.34

ERCANTILE INVESTMENTS MERC M 1562.00 0.00 0.00 0.00 3.01 14.02% 1558.51 656.97 - 218.55 7.1 1.0 4,695.37

ULTI FINANCE MFL M 57.00 -4.97 -6.97 66.38 22.46 2.71% 30.69 18.69 - 0.83 68.5 1.9 1,280.34

AN KA O RIX FIN AN CE L OFC M 10.60 -2.78 -8.70 -16.67 2800.00 35.46% 1.26 1,246.09 - 0.45 23.8 8.4 29,680.00

BANS FINANCIAL SERVICES AFSL M 81.50 16.57 9.68 27.70 37.00 12.12% 9.48 42.49 - 1.15 71.0 8.6 3,015.50

ALLIBEL ONE LIMITED VONE M 27.40 1.10 -4.51 0.00 1086.56 2.77% 19.90 598.17 - 0.55 49.8 1.4 29,771.73

-

surance 4,531.19 306.42 517.48 3,076.71 630.58 61.58

MANA TAKAFUL INS. ATL D 2.70 0.00 -3.57 17.39 1000.00 -1.06% 0.91 (9.70) 11.20 (20.90) (14.70) na na 3.0 2,700.00

SIAN ALLIANCE AAIC D 336.00 -5.41 181.18 160.65 37.50 9.11% 34.02 116.21 (172.50) 288.71 79.30 3.10 108.4 9.9 12,600.00

EYLINCO INSURANCE [V] CINS D 774.60 0.00 11.31 10.66 20.00 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 19.79 55.35 14.0 2.4 15,492.00

EYLINCO INSURANCE [NV] CINS X D 340.00 -7.28 3.29 5.03 6.41 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 19.80 55.35 6.1 2.0 2,180.92

VIVA NDB CTCE D 270.00 -3.57 -3.57 -1.85 30.00 32.23% 94.05 909.37 34.20 147.62 613.44 114.11 (47.00) 30.31 8.9 2.9 8,100.00

NB ASSURANCE HASU D 58.50 -4.88 -5.49 -2.99 50.00 17.83% 27.69 246.83 24.62 24.74 180.80 16.67 24.19 4.94 11.9 2.1 2,925.00

NION ASSURANCE UAL D 112.00 -3.90 1.83 -3.48 75.00 41.08% 33.63 1,036.20 64.55 58.81 511.97 400.87 13.82 8.1 3.3 8,400.00

ANASHAKTHI JINS D 15.90 -1.27 -4.32 -4.91 363.00 28.51% 7.44 770.35 770.35 - na 2.12 7.5 2.1 5,771.70

enture Capital Co.s 1,692.07 105.40 218.57 458.81 909.28 192.24

DIC CDIC D 3 95. 00 - 3.66 - 9.3 6 2 1. 35 43 .8 6 12.40% 115.66 628.92 30.97 106.44 221.14 270.38 104.43 14.34 27.5 3.4 17,322.73

RST CAPITAL CFVF M 1 8. 00 - 2. 16 - 5. 73 - 13 .4 0 1 01 .2 5 60.25% 5.94 947.55 56.94 79.92 208.80 601.90 51.05 9.36 1.9 1.2 1,822.50

ANKA VENTURES LVEN M 4 0. 00 - 6. 54 - 12 .4 7 - 11 .1 1 5 0. 00 14.14% 16.36 115.59 17.50 32.22 28.87 37.01 36.76 2.31 17.3 2.4 2,000.00

Price Performance Net Profits

Broad Market Valuation Guide


15/20



Company Year Price Shares Trailing BVPS Net Profit Trailing Trailing PBV Mkt Cap Mn

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

BEVERAGE FOOD AND TOBACCO - - - 31.64% 23,048.01 5,099.25 8,335.00 5,506.66 4,107.10 3,483.03 13.45 4.26

BAIRAHA FARMS BFL M 244.90 (3.83) (4.43) (20.88) 16.00 34.93% 78.19 436.99 55.18 103.45 163.91 114.45 104.13 27.31 9.0 3.1 3,918.40

CARGILLS CARG M 204.50 1.29 (11.05) 2.00 224.00 15.61% 32.53 1,137.13 325.97 268.12 290.74 252.30 312.00 5.08 40.3 6.3 45,808.00

CEYLON BREWERY BREW M 436.00 - 9.14 (12.80) 20.99 22.57% 127.72 605.06 176.25 165.66 163.91 99.23 123.89 28.83 15.1 3.4 9,150.81

CEYLON COLD STORES CCS M 111.90 (2.44) (0.53) (75.13) 95.04 5.47% 47.21 245.26 124.29 38.07 45.43 37.47 78.57 2.58 43.4 2.4 10,634.98

CEYLON TEA SERVICES CTEA M 800.00 - (6.32) (3.03) 20.00 23.54% 320.08 1,506.87 250.58 658.60 300.80 296.88 130.00 75.34 10.6 2.5 16,000.00

CEYLON TOBACCO CTC D 389.00 (0.77) (1.52) 5.39 187.32 191.82% 16.63 5,977.00 1,819.00 814.00 2,396.00 948.00 1,116.00 31.91 12.2 23.4 72,868.94

COCO LANKA [V] COCO M 68.00 (2.86) (6.21) 1.34 21.60 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 32.49 11.99 5.7 1.4 1,468.80

COCO LANKA [NV] COCOX M 55.00 - (0.72) 4.76 1.80 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 32.50 11.99 4.6 1.1 99.00

CONVE NI ENCE FOOD S OY M 351.00 (10.66) 11.49 25.46 2.75 29.63% 82.46 67.20 11.73 17.51 21.02 16.94 7.00 24.44 14.4 4.3 965.25

DISTILLERIES DIST M 172.50 (0.35) (1.54) (3.96) 300.00 26.17% 109.58 8,602.28 1,238.92 5,027.62 1,218.80 1,116.94 866.60 28.67 6.0 1.6 51,750.00

FERNTEA FERN M 3.50 - - - 6.00 na 0.00 - na na na na na na na na 21.00

HARISCHANDRA MILLS HARI M 2900.00 20.83 81.25 56.75 0.96 12.82% 533.90 65.71 13.13 12.60 13.35 26.64 10.72 68.46 42.4 5.4 2,783.42

KEELLS FOOD PRODUCTS KFP M 124.90 5.58 4.08 124.90 124.90 15.29% 2.72 51.91 15.82 0.67 19.55 15.88 (5.45) 0.42 300. 5 46. 0 15,600.01

KOTMALE HOLDINGS LAMB M 46.20 (0.43) (8.20) (2.13) 31.40 13.51% 18.11 76.86 22.09 25.20 16.80 12.77 15.03 2.45 18.9 2.6 1,450.68

LION BREWERY LION M 197.00 (2.38) (1.65) (5.29) 80.00 20.79% 66.72 1,109.64 332.40 313.79 286.89 176.56 236.17 13.87 14.2 3.0 15,760.00

LANKA MILK FOODS LMF M 132.00 2.17 32.13 26.92 40.00 4.64% 48.52 90.02 57.41 55.54 (74.50) 51.57 (6.19) 2.25 58.7 2.7 5,279.74

NESTLE LANKA NEST D 880.00 (0.02) (4.84) 23.14 53.73 114.96% 36.48 2,252.96 644.35 615.49 421.80 571.32 415.00 41.93 21.0 24.1 47,278.41

THREE ACRE FARMS TAFL D 109.90 (0.28) (3.55) 8.60 23.55 53.92% 19.55 248.28 3.03 41.26 124.67 79.32 24.57 10.54 10.4 5.6 2,587.60

RENUKA AGRI RAL M 7.40 (2.22) 7.40 7.40 401.25 14.72% 2.38 140.62 49.32 na 91.30 na 0.35 21.1 3.1 2,969.25

TEA SMALLHOLDERS TSML M 79.90 1.27 (11.12) (16.77) 30.00 14.24% 20.84 89.02 (9.18) 30.65 41.80 25.75 22.50 2.97 26.9 3.8 2,397.00

RAIGAM WAYAMBA SALTERNS LTD RWSL M 4.40 2.78 19.35 27.59 282.21 9.68% 2.37 64.65 47.62 na 17.03 na 0.23 19.2 1.9 1,241.71

HVA FOODS HVA M 50.80 (10.02) (34.02) 258.04 66.43 10.33% 6.75 46.33 45.89 na na na 0.70 72.8 7.5 3,374.58

CHEMICALS & PHARMACEUTICALS (3.33) (5.47) (13.54) 20.42% 3,629.28 541.55 904.96 1,332.56 850.21 476.74 8.14 1.66

CHEMANEX CHMX M 122.50 - (2.00) 9.38 15.75 3.10% 80.36 39.19 1.14 0.61 13.50 23.94 4.12 2.49 49.2 1.5 1,929.38

CHEMICAL INDUSTRIES [V] CIC M 129.90 (3.08) (3.96) (11.27) 72.90 14.04% 95.23 974.70 203.80 169.60 382.67 218.63 184.00 10.28 12.6 1.8 9,469.71

CHEMICAL INDUSTRIES [NV] CIC X M 85.80 3.37 (4.24) (9.78) 21.87 14.04% 44.57 974.70 203.80 169.60 382.67 218.63 184.00 10.28 8.3 3.4

HAYCARB HAYC M 155.00 (2.94) 1.11 13.97 29.71 17.34% 91.69 472.51 124.77 111.22 89.08 147.44 157.35 15.90 9.7 1.7 4,605.42

INDUSTRIAL ASPHALTS ASPH M 700.00 (11.02) 32.11 71.28 0.67 4.03% 102.53 2.76 0.61 1.34 0.26 0.54 0.45 4.13 169.3 6.8 466.59

J.L. MORISON [V] MORI M 3050.00 (11.59) (21.78) (22.19) 0.58 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 20.72 598.85 5.1 1.4 1,771.53

J.L. MORISON [NV] MORI X M 2200.00 (4.35) (21.40) (26.54) 0.17 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 20.70 1,996.17 1.1 1.0 383.35

LANKEM CEYLON LCEY M 321.30 (1.17) (4.91) (22.58) 24.00 31.65% 124.35 944.44 111.22 202.20 567.12 63.90 69.20 39.35 8.2 2.6 7,711.20

SINGALANKA SING M 201.10 (11.78) (36.42) (89.21) 5.54 565.74% 13.41 420.25 (0.11) 215.55 205.31 (0.50) (0.77) 75.85 2.7 15.0 1,114.26

MULLERS MULL M 3.10 (3.13) 6.90 10.71 283.00 19.99% 0.41 22.96 8.53 5.45 2.83 6.15 9.22 0.08 38.2 7.6 877.30

UNION CHEMICALS UCAR D 800.00 - 6.67 12.68 1.50 23.37% 162.10 56.81 16.70 12.58 15.58 11.96 11.75 37.88 21.1 4.9 1,200.00

CONSTRUCTIONS (1.03) (6.89) (3.32) 18.97% 2,223.14 150.71 437.18 859.61 775.64 275.73 10.83 2.05

COLOMBO DOCKYARD DOCK D 260.00 (1.27) (7.35) 1.98 68.44 28.18% 114.67 2,211.53 210.49 466.80 739.25 795.00 283.00 32.31 8.0 2.3 17,793.64

LANKEM DEVELOPMENTS LDEV M 18.10 (1.09) (9.05) (3.72) 60.00 -161.00% 0.20 (19.57) (1.61) (6.89) (5.74) (5.33) (5.46) na na 89.3 1,086.00

MTD WALKERS KAPI M 45.50 (0.22) (4.81) (17.72) 114.36 0.81% 33.77 31.18 (58.16) (22.73) 126.10 (14.03) (1.81) 0.27 166.9 1.3 5,203.25

DIVERSIFIED (1.73) (6.59) (4.99) 15.80% 25,494.77 6,436.00 6,864.95 5,569.52 6,624.30 3,889.85 18.384 2.91

AITKEN SPENCE SPEN M 139.00 0.90 (2.80) (4.59) 406.00 12.23% 53.30 2,647.17 550.74 910.90 579.04 606.49 439.50 6.52 21.3 2.6 56,433.45

CARSON CUMBERBATCH CARS M 580.00 (0.02) (4.18) 2.75 196.39 28.34% 128.20 7,136.10 3,506.32 1,747.41 906.83 975.54 1,186.90 36.34 16.0 4.5 113,904.41

CEYLON THEATRES CTHR M 180.10 (4.96) (8.11) (2.91) 183.10 10.36% 64.73 1,228.11 244.05 234.56 335.53 413.96 91.00 6.71 26.9 2.8 32,975.82

COLOMBO FORT LAND CFLB M 58.20 3.51 (5.91) (15.98) 180.00 23.45% 24.09 1,016.81 90.32 367.41 425.89 133.20 184.00 5.65 10.3 2.4 10,476.00

FINLAYS COLOMBO JFIN D 299.00 (6.30) (0.33) 13.69 35.00 4.80% 147.63 248.23 60.38 12.89 84.51 90.45 50.45 7.09 42.2 2.0 10,465.00

HAYLEYS HAYL M 370.20 (1.28) (5.03) (1.28) 75.00 5.32% 211.25 842.63 268.58 144.31 89.90 339.83 150.67 11.24 33.0 1.8 27,765.00

HEMAS HOLDINGS HHL M 39.00 - (5.80) (11.36) 512.04 12.95% 17.81 1,180.61 261.97 311.08 311.40 296.17 291.48 2.31 16.9 2.2 19,969.58

JOHN KEELLS HOLDINGS JKH M 202.50 (2.87) (8.47) (5.66) 840.52 14.44% 70.89 8,602.71 1,367.61 2,550.67 1,757.11 2,927.32 1,010.49 10.24 19.8 2.9 170,204.57

DUNAMIS CAPITAL CSEC M 17.60 (1.12) (16.98) 53.04 123.00 52.47% 11.22 724.22 11.92 16.33 345.40 350.57 98.57 5.89 3.0 1.6 2,164.75

RICHARD PIERIS RICH M 10.10 (0.98) (5.61) (13.68) 1938.24 29.48% 2.49 1,421.02 10.84 335.34 640.60 434.25 270.49 0.73 13.8 4.1 19,576.18

SUNSHINE HOLDINGS SUN M 35.50 (6.58) (7.55) (19.32) 133.33 18.73% 17.91 447.17 63.28 234.05 93.32 56.53 116.30 3.35 10.6 2.0 4,733.33

SOFTLOGIC HOLDINGS SHL M 20.80 -5.43 -9.52 0.00 779.00 -

E XP OLANKA HOLDI NGS EX PO M 11.40 -5.83 -12.40 -17.52 1954.92 3.59 1,583.31 273.54 1,309.77 237.08 0.81 14.1 3.2

FREE LANKA CAPITAL HOLDINGS FLCH M 3.90 0.00 -5.00 -9.52 1368.00 4.61 493.29 493.29 0.8




16/20




End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Mar'11 Dec'10 Sept'10 Jun10 EPS PE

FOOTWEAR AND TEXTILES (1.50) (7.76) (4.70) -23.61% (1,547.62) (148.46) (809.51) (621.19) 119.82 (89.88) na 1.55

CEYLON LEATHER CLPL M 80.20 (5.43) (9.90) (11.00) 34.23 6.38% 55.57 121.44 20.41 16.58 36.79 47.66 22.80 3.55 22.6 1.4 2,745.55

HAYLEYS - MGT MGT M 32.50 (2.92) (11.92) - 49.18 -97.64% 32.01 (1,537.15) (168.87) (799.53) (625.70) 56.95 (24.40) na na 1.0 1,598.27

KURUWITA TEXTILES KURU M 28.00 (1.72) (4.36) 5.56 25.00 -23.46% 58.16 (341.10) (59.12) (108.30) (48.40) (125.28) na na 0.5 700.00

ODEL ODEL M 35.20 (1.13) (8.14) (1.41) 144.95 12.89% 11.20 209.19 32.56 76.02 63.61 37.00 1.44 24.4 3.1 5,102.24

ORIENT GARMENTS OGL M 31.10 (0.32) (11.58) 17.67 54.92 na 105.14

HOTELS AND TRAVELS (1.79) (5.51) (4.26) 6.27% 4,743.12 505.82 3,189.87 1,183.20 1,035.71 (4.38) 37.41 3.01

City Hotels 1,999.19 475.72 1,386.33 678.11 617.40 251.79

ASIAN HOTEL & PROPERTIES AHPL M 89.00 (1.68) (3.51) (2.55) 442.78 13.72% 30.98 1,882.72 296.67 803.63 456.59 325.84 188.47 4.25 20.9 2.9 39,407.00

GALADARI GHLL D 32.00 (3.70) (10.34) (11.61) 182.43 7.44% 8.51 115.53 (18.43) 43.71 35.47 54.78 (39.81) 0.63 50.5 3.8 5,837.89

HOTEL DEVELOPERS HDEV M140.00

(1.75) 0.43 3.70 45.23 25.46% -105.53 (1,215.22) nana na

6,331.65HOTEL SERVICES SERV M 22.50 1.35 (0.88) 5.63 176.00 2.11% 9.06 33.68 (2.32) 52.70 (13.10) (3.60) (7.78) 0.19 117.6 2.5 3,960.00

RENUKA CITY HOTEL RENU M 350.00 2.34 (4.14) 1.45 7.00 22.05% 222.94 344.14 177.65 28.76 15.98 121.76 35.30 49.16 7.1 1.6 2,450.00

TAJ LANKA TAJ M 47.00 1.95 (8.38) (6.93) 139.64 7.43% 14.37 149.18 22.15 52.65 46.65 27.73 18.77 1.07 44.0 3.3 6,562.96

TRANS ASIA TRAN M 77.00 (8.88) (3.75) (17.74) 200.00 14.01% 24.60 689.15 404.90 136.53 90.89 56.84 3.45 22.3 3.1 15,400.00

Resort Hotels 2,743.94 30.10 1,803.53 505.09 418.31 (256.17)

AIT. SPENCE HOTEL HOLD. AHUN M 71.00 (1.96) (9.30) (9.54) 336.29 12.24% 26.74 1,100.48 85.18 590.15 272.70 152.45 (19.00) 3.27 21.7 2.7 23,876.59

AMAYA LEISURE CONN M 105.00 0.10 (2.78) (12.43) 48.03 61.90% 15.11 449.36 50.93 67.60 66.60 264.23 61.69 9.36 11.2 6.9 5,043.59

BROWNS BEACH HOTELS BBH M 17.10 (2.84) (8.06) (5.00) 129.60 0.85% 20.98 23.01 29.00 (51.97) 25.00 20.98 4.21 0.18 96.3 0.8 2,216.16

CEYLON HOTELS CORP. CHOT M 33.80 5.40 7.10 32.80 171.83 1.36% 35.74 83.55 (21.29) 117.56 (8.27) (4.45) (12.00) 0.49 69.5 0.9 5,807.69

CONFIFI HOTEL HLDG. PALM M 230.00 1.77 (14.81) (14.81) 7.20 -3.50% 198.47 (49.99) (63.37) 50.48 (4.49) (32.62) (37.00) na na 1.2 1,656.00

RIVERINA HOTELS BHR M 110.00 2.80 (9.09) (0.90) 14.18 -3.06% 124.94 (54.21) (47.66) 34.27 (15.50) (25.33) (48.64) na na 0.9 1,559.99

BERUWALA WALK INN BINN D 187.00 1.08 16.73 1.47 0.90 14.72% -170.32 (22.57) (4.45) (6.94) (3.05) (8.13) (6.92) na na na 168.30

EDEN HOTELS EDEN M 43.00 4.29 (4.16) 5.80 52.80 7.23% 25.89 98.81 (21.13) 81.23 20.30 18.41 (18.42) 1.87 23.0 1.7 2,270.40

HOTEL SIGIRIYA HSIG M 70.00 (2.24) (6.56) (3.06) 5.86 9.82% 32.52 18.71 4.08 3.85 5.39 5.39 0.34 3.19 21.9 2.2 410.13

HUNAS FALLS HUNA M 77.20 (2.15) (5.85) (11.26) 5.63 22.34% 13.87 17.43 5.08 2.17 2.82 7.36 2.18 3.10 24.9 5.6 434.25

KANDY HOTELS KHC M 220.00 (6.38) (2.22) (7.13) 16.50 0.99% 340.98 55.96 9.42 16.85 9.84 19.85 2.20 3.39 64.9 0.6 3,630.00

JOHN KEELLS HOTELS KHL M 15.20 (1.30) (7.88) (5.00) 1456.15 5.84% 7.97 677.46 7.27 521.28 206.20 (57.28) (167.95) 0.47 32.7 1.9 22,133.43

LIGHT HOUSE HOTEL LHL M 52.00 1.76 (6.98) (7.14) 46.00 3.03% 49.57 69.13 (2.62) 48.06 17.10 6.59 (11.27) 1.50 34.6 1.0 2,392.00

MIRAMAR MIRA M 300.00 11.32 (4.15) (14.29) 2.75 na 0.00 (13.10) na (13.10) na na na 825.00

MAHAWELI REACH MRH M 31.80 (2.48) (12.26) (0.32) 47.07 -39.52% 18.68 (347.42) (13.67) (161.00) (186.61) 13.85 (6.72) na na 1.7 1,496.71

NUWARA ELIYA NEH M 1600.00 (8.57) 3.29 (0.60) 2.00 8.41% 779.19 131.35 0.78 49.18 24.50 56.90 12.10 65.55 24.4 2.1 3,206.19

PEGASUS PEG M66.50

2.78 (2.21) 4.23 27.35 6.21% 37.29 63.31 21.67 16.05 13.24 12.35 7.21 2.3128.7 1.8

1,818.93REEFCOMBERS REEF M 61.00 (10.93) (24.85) (14.55) 47.19 0.42% 30.10 6.00 (17.20) 15.72 5.67 1.81 (5.48) 0.13 479.5 2.0 2,878.71

ROYAL PALMS RPBH M 69.80 (1.69) (1.69) (0.29) 50.00 7.46% 27.40 102.15 1.17 64.97 26.94 9.08 (3.39) 2.04 34.2 2.5 3,490.00

SIGIRIYA VILLAGE SIGV M 105.00 (0.94) 1.06 9.38 9.00 7.15% 54.91 35.34 (3.83) 21.50 6.08 11.59 (6.72) 3.93 26.7 1.9 945.00

STAFFORD/DOLPHIN STAF M 50.90 (0.97) (18.01) 20.57 31.62 5.34% 22.19 37.50 11.54 43.90 (6.71) (11.23) (5.29) 1.19 42.9 2.3 1,609.53

TANGERINE TANG M 90.00 4.41 (9.09) 2.27 20.00 4.42% 93.95 83.00 4.70 69.46 11.55 (2.72) (12.48) 4.15 21.7 1.0 1,800.00

SERENDIB HOTELS [V] SHOT M 34.00 12.62 6.27 51.34 75.51 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 28.26 0.74 46.0 2.7 2,567.50

SERENDIB HOTELS [NV] SHOT X M 24.00 5.36 7.27 24.00 36.01 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 28.30 0.74 32.5 1.9 864.27

MARAWILA RESORTS MARA M 11.40 - (8.66) 10.48 122.50 1.33% 7.31 11.86 25.18 (13.31) na 0.10 117.7 1.6 1,396.50

FORTRESS RESORTS RHTL M 27.00 (0.74) (10.63) 9.35 110.89 13.41% 5.67 84.40 108.69 (24.29) na 0.76 35.5 4.8 2,993.94

INVESTMENT TRUST (3.41) (6.62) (1.93) 26.82% 6,360.23 2,550.84 955.83 364.45 2,489.12 1,028.68 7.93 2.13

ASIAN COTTON MILLS ASCO M 170.00 (6.88) 28.20 45.67 7.99 2.17% 73.36 12.70 (2.34) 46.60 (18.30) (13.26) 5.00 1.59 106.9 2.3 1,357.54

CEYLON GUARDIAN GUAR M 308.00 (0.65) (6.54) 2.13 82.10 33.23% 138.76 3,785.80 1,714.33 492.51 184.62 1,394.34 586.00 46.11 6.7 2.2 25,285.79

CEYLON INVESTMENT CINV M 119.00 (0.67) (5.98) (8.08) 98.51 24.30% 65.33 1,564.18 699.66 97.30 767.22 317.82 15.88 7.5 1.8 11,723.27

COLOMBO FORT INV. CFI M 300.00 (13.62) (9.09) (16.90) 5.00 7.70% 33.82 13.03 1.54 2.85 4.50 4.14 9.91 2.61 115.1 8.9 1,500.00

COLOMBO INV. TRUST CIT M 300.30 (10.36) (14.20) (14.20) 5.50 7.15% 22.85 8.99 1.47 1.54 3.60 2.38 8.40 1.63 183.7 13. 1 1,651.65

SHAW WALLACE SHAW M 365.00 (6.82) 8.34 19.67 5.12 0.70% 437.86 15.76 35.28 1.18 (20.70) (17.45) 3.08 118.6 0.8 1,869.00

RENUKA HOLDINGS [V] RHL M 60.00 (3.23) (0.17) (0.66) 43.75 40.31% 44.24 780.04 100.97 323.15 1.30 354.62 119.00 15.60 3.8 1.4 2,625.00

RENUKA HOLDINGS [NV] RHL M 39.90 (0.25) 4.45 3.91 6.25 40.31% 309.66 780.04 100.97 323.15 1.30 354.62 119.00 15.60 2.6 0.1 249.38

WATAPOTA INVESTMENTS WAPO M 160.90 (3.45) (6.39) (9.63) 25.83 21.76% 31.97 179.73 (0.07) (9.31) 188.73 0.38 na 6.96 23.1 5.0 4,156.66

BIMPUTH LANKA INVESTMENTS BLI M 60.00 -3.20 -6.49 -12.45 20.20 -




17/20




End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs June'12 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

LAND AND PROPERTY (1.59) (7.56) 16.93 5.80% 2,125.81 341.47 796.72 753.24 239.97 181.83 22.85 1.32

C T LAND CTLD M 30.10 (0.66) (3.22) 6.36 48.75 5.92% 45.35 130.98 32.74 52.27 22.84 23.13 20.79 2.69 11.2 0.7 1,467.38

CARGO BOAT CABO M 124.90 1.22 (1.96) (3.48) 10.20 23.01% 66.61 156.36 8.58 16.89 115.26 15.63 15.33 8.1 1.9 1,273.98

CEYLINCO HOUSING CHOU M 22.10 (3.48) (11.20) 16.84 13.38 -188.39% 5.63 (141.88) (17.40) (26.76) (55.50) (42.22) (38.34) na na 3.9 295.69

CEYLINCO SEYLAN CSD M 13.80 (1.44) (9.87) 19.13 147.96 0.57% 29.65 24.96 54.95 0.45 13.09 (43.52) (25.33) 0.17 81.8 0.5 2,041.92

COLOMBO LAND CLND D 62.60 (3.53) (3.82) 56.86 199.88 0.42% 13.98 11.68 5.93 0.96 2.40 2.40 0.06 107 1.3 4. 5 12,512.55

COMMERCIAL DEVELOP. COMD D 119.40 13.44 9.98 8.08 12.00 11.38% 60.38 82.46 21.19 13.64 37.69 9.94 11.00 6.87 17.4 2.0 1,432.80

EAST WEST EAST M 30.90 (7.81) (33.98) 119.29 138.24 4.28% 3.19 18.86 17.28 4.37 23.70 (26.49) 0.14 226.5 9.7 4,271.62

EQUITY ONE EQIT M 54.00 2.08 3.85 2.86 40.32 3.67% 36.19 53.58 4.17 30.60 27.93 (9.11) (7.66) 1.33 40.6 1.5 2,177.37

EQUITY TWO ETWO M 30.80 5.48 (4.05) (3.75) 31.00 6.04% 16.47 30.84 2.45 10.91 15.51 1.96 1.10 0.99 31.0 1.9 954.80

HUEJAY HUEJ M 170.00 (9.38) 6.92 (2.80) 1.80 -19.42% 7.51 (2.63) (1.41) (1.21) na na na na 22.6 306.00

KELSEY DEVELOPMENTS KDL M 28.70 (6.17) (11.08) 52.11 17.43 -10.70% 7.29 (13.59) (3.96) (6.66) (4.70) 1.73 0.92 na na 3.9 500.22

ON'ALLY HOLDINGS ONAL M 71.40 (4.67) (12.82) (46.64) 17.50 8.63% 58.74 88.71 13.77 56.24 9.04 9.67 10.05 5.07 14.1 1.2 1,249.55

OVERSEAS REALTY OSEA D 14.50 (1.37) (5.88) (2.04) 843.48 5.09% 20.37 874.99 162.57 124.72 499.95 87.74 160.00 1.04 14.0 0.7 12,230.52

PROPERTY DEVELOPMENT PDL D 68.50 0.59 (3.52) 13.98 66.00 14.76% 28.46 277.28 71.00 74.91 76.18 55.20 54.90 4.20 16.3 2.4 4,521.00

SERENDIB LAND SLND M 2999.00 - - - 0.36 3.05% 567.86 6.24 1.47 1.68 1.49 1.60 17.34 172.9 5.3 1,079.64

YORK ARCADE YORK M 29.70 0.99 (1.29) (2.54) 12.00 13.30% 8.70 13.88 7.75 2.28 2.59 1.26 1.16 25.7 3.4 356.40

TOUCHWOOD TWOD M 24.00 4.35 2.13 (11.11) 71.27 18.04% 39.92 513.07 426.80 86.26 na na 7.20 3.3 0.6 1,710.49

MANUFACTURING (1.34) (3.35) (3.70) 17.14% 8,256.43 2,173.41 1,255.58 2,176.80 2,639.96 1,145.30 15.02 2.57 124,009.78

ABANS ABAN M 248.10 0.89 (0.44) (5.45) 4.26 28.85% 91.80 112.78 31.11 17.37 28.00 36.30 25.54 26.48 9.4 2.7 1,056.61

ACL CABLES ACL M 76.00 (1.30) (5.00) (5.82) 59.89 5.69% 77.01 262.21 85.90 (8.60) 118.16 66.74 37.21 4.38 17.4 1.0 4,551.92

ACL PLASTICS APLA M 142.00 (4.05) (5.96) (11.69) 4.21 14.32% 117.83 71.07 14.15 9.92 14.27 32.73 18.55 16.87 8.4 1.2 598.18

ACME ACME M 24.40 (6.54) (7.95) 25.26 25.61 1.64% 16.64 6.99 (0.99) 5.74 4.63 (2.39) (8.85) 0.27 89.4 1.5 624.96

ALUFAB ALUF M 54.40 (7.53) (25.52) (69.63) 12.06 -3.16% -4.01 1.53 0.47 (0.48) 1.19 0.34 0.14 0.13 430.1 na 655.97

BLUE DIAMONDS [V] BLUE M 10.20 2.02 (1.94) 18.82 103.30 1.79% 1.25 5.76 22.33 (11.77) 1.74 (6.54) (3.52) 0.02 454.1 8.1 1,053.67

BLUE DIAMONDS [NV] BLUE X M 5.00 2.04 2.04 138.10 153.37 1.79% 1.25 5.77 22.33 (11.77) 1.74 (6.54) (3.52) 0.02 222.6 4.0 766.85

BOGALA GRAPHITE BOGA D 50.80 (3.44) (1.56) (3.98) 47.32 12.51% 3.35 19.85 3.49 2.42 21.45 (7.51) 30.17 0.42 121. 1 15.2 2,403.68

CENTRAL INDUSTRIES CIND M 87.70 1.98 (5.19) (7.68) 9.88 9.72% 1.34 79.05 18.51 24.01 23.26 13.27 13.49 8.00 11.0 1.1 866.85

GRAIN ELEVATORS GRAN D 112.00 (2.36) (2.36) 7.20 60.00 23.68% 37.27 529.65 84.84 94.33 205.49 144.99 96.00 8.83 12.7 3.0 6,720.00

CHEVRON LUBRICANTS LLUB D 160.00 (2.57) (2.68) 3.37 120.00 55.84% 23.11 1,548.52 422.63 413.10 317.68 395.11 413.49 12.90 12.4 6.9 19,200.00

DANKOTUWA DPL D 34.20 (2.84) (12.31) (22.45) 72.25 -2.53% 10.46 (19.14) (32.52) (16.29) 18.62 11.06 (15.57) na na 3.3 2,470.80

DIPPED PRODUCTS DIPD M 119.00 2.15 2.59 25.26 59.86 19.75% 65.97 779.82 390.37 122.97 171.20 95.28 57.16 13.03 9.1 1.8 7,123.52

HAYLEYS EXPORTS HEXP M 40.70 3.18 4.98 (2.76) 8.00 -10.35% 41.84 (34.65) (7.51) (26.63) (2.60) 2.08 (22.33) na na 1.0 325.60

KELANI CABLES KCAB M 91.00 (9.90) (4.21) (3.29) 21.80 10.24% 77.02 171.90 48.78 53.33 47.39 22.40 5.67 7.89 11.5 1.2 1,983.80

KELANI TYRES TYRE M 43.90 (1.35) (10.41) 1.62 80.40 17.41% 15.45 216.19 18.91 54.16 74.94 68.18 65.67 2.69 16.3 2.8 3,529.56

LANKA ALUMINIUM LALU M 49.10 (6.12) (12.79) (16.07) 13.70 4.56% 30.74 19.19 (5.43) 2.98 9.07 12.57 (5.82) 1.40 35.1 1.6 672.81

LANKA CEMENT LCEM D 22.80 (4.58) (4.58) 2.23 173.51 -15.00% 0.42 (10.96) (3.73) (2.35) (1.44) (3.44) na na na 54.1 3,956.05

LANKA CERAMIC CERA M 102.50 (3.48) (11.49) (24.07) 30.00 16.18% 75.84 368.08 34.90 103.93 136.05 93.20 (73.79) 12.27 8.4 1.4 3,075.00

LANKA TILES TILE M 103.00 2.59 0.98 (3.74) 53.05 20.67% 43.03 471.77 69.33 149.73 148.58 104.13 103.56 8.89 11.6 2.4 5,464.19

LANKA WALLTILES LWL M 110.00 3.96 4.55 (13.83) 54.60 17.02% 63.74 592.48 53.97 161.11 226.80 150.60 (130.64) 10.85 10.1 1.7 6,006.00

LAXAPANA LITE M 13.00 (9.72) 4.00 22.64 39.00 1.29% 6.69 3.37 (3.38) 5.46 0.57 0.72 2.04 0.09 150.4 1.9 507.00

PARQUET PARQ M 24.50 (5.04) (3.92) (5.77) 27.37 -2.99% 20.22 (16.57) (22.32) 3.64 17.32 (15.20) 0.87 na na 1.2 670.61

PELWATTE SUGAR SUGA M 33.50 (4.00) (3.45) (1.47) 67.98 -62.15% 9.34 (394.42) 83.66 (723.45) (168.72) 414.09 (197.69) na na 3.6 2,277.23

PIRAMAL GLASS GLAS M 8.30 (1.19) (3.49) (6.74) 950.09 22.72% 3.09 666.86 141.29 178.47 190.10 157.00 53.18 0.70 11.8 2.7 7,885.71

PRINT CARE CARE M 41.00 (0.74) (0.74) (5.84) 85.97 20.30% 11.83 206.43 38.13 47.03 60.58 60.70 38.28 2.40 17.1 3.5 3,524.63

REGNIS REG D 505.00 14.99 212.08 204.94 4.83 16.08% 104.47 81.13 18.01 27.44 21.81 13.87 15.71 16.80 30.1 4.8 2,438.69

RICH PIERIS EXPORTS REXP M 33.10 8.55 4.43 (24.14) 11.16 55.77% -10.73 (66.79) (11.03) (69.15) (1.18) 14.58 (16.75) na na na 369.52

ROYAL CERAMICS RCL M 130.60 (1.43) (12.99) (17.71) 110.79 28.12% 47.12 1,468.11 391.48 439.69 412.89 224.05 382.45 13.25 9.9 2.8 14,469.09

SAMSON INTERNATIONAL SIL M 150.00 (14.33) 7.14 42.99 3.85 -12.40% 88.60 (42.27) 1.27 (13.43) (12.53) (17.58) (6.36) na na 1.7 577.20

SINGER INDUSTRIES SINI D 336.20 (12.37) 50.47 41.55 3.85 20.11% 222.01 171.76 23.85 27.59 (31.31) 151.63 0.88 44.65 7.5 1.5 1,293.13

TOKYO CEMENT [V] TKYO M 50.00 - (1.96) (11.19) 202.50 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 240.55 2.73 18.3 2.6 10,125.00

TOKYO CEMENT [NV] TKYO X M 37.50 1.08 (4.34) (7.18) 101.25 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 240.55 2.73 13.7 1.3 3,796.88

SIERRA CABLES SIRA M 4.60 - (4.17) - 537.51 3.62% 2.50 48.61 48.87 55.10 (69.88) 14.52 15.32 0.09 50.9 1.8 2,472.56

TEXTURED JERSEY TJL M 13.8 4.84 (4.69) (9.72) 655.00 143.97




18/20



ompany Year Price Shares Trailing BVPS Net Profit Trailing Trailing PBV Mkt Cap Mn


MOTORS (2.89) (3.63) (15.44) 39.87% 5,105.13 1,528.35 1,119.78 1,741.60 715.40 415.34 8.11 3.23

UTODROME AUTO M 852.00 (5.70) (2.65) (12.53) 1.20 9.12% 448.08 49.03 10.27 12.00 15.40 11.37 10.00 40.86 20.9 1.9 1,022.40

OLONIAL MOTORS COLO M 499.80 6.88 10.17 60.67 9.12 20.48% 168.39 314.64 143.01 112.89 46.20 12.54 25.38 34.48 14.5 3.0 4,560.33

IMO DIMO M 1350.00 (1.11) (6.48) (4.66) 8.88 55.66% 522.31 2,580.31 636.40 664.37 973.90 305.64 151.20 290.69 4.6 2.6 11,983.19

ANKA ASHOK ASHO M 3100.00 (11.43) (16.22) (47.62) 3.62 53.99% 390.25 762.90 279.00 (66.90) 321.60 229.20 157.03 210.70 14.7 7.9 11,224.61

ATHOSA MOTORS SMOT M 340.00 - 33.12 33.70 6.03 29.33% 83.90 148.48 49.22 53.38 22.60 23.27 11.03 24.61 13.8 4.1 2,051.43

NITED MOTORS UML M 157.20 1.16 5.36 12.29 67.27 29.93% 62.08 1,249.77 410.45 344.04 361.90 133.38 60.69 18.58 8.5 2.5 10,574.39

OIL PALMS (1.41) (1.73) 0.54 36.79% 7,278.64 3,110.83 1,055.89 641.52 2,470.41 1,614.30 19.2 7.0UKIT DARAH BUKI M 1050.20 (1.85) (1.85) (0.45) 102.00 47.40% 138.84 6,712.64 2,943.95 900.51 506.83 2,361.36 1,363.50 65.81 16.0 7.6 107,120.40

OOD HOPE GOOD M 1185.20 0.26 0.26 (1.50) 6.87 8.31% 220.00 125.67 33.40 34.46 31.63 26.18 67.96 18.29 64.8 5.4 8,143.87

NDO MALAY INDO M 1390.00 - (0.35) 7.75 7.00 7.93% 184.79 102.51 26.20 28.15 25.40 22.76 55.30 14.65 94.9 7.5 9,727.78

ELINSING SELI M 1125.00 (0.01) (10.00) 2.26 6.94 9.36% 313.37 203.46 68.41 54.32 45.22 35.51 70.01 29.32 38.4 3.6 7,807.59

HALIMAR SHAL M 950.00 - 7.33 7.93 6.94 8.23% 235.13 134.36 38.87 38.46 32.43 24.60 57.53 19.36 49.1 4.0 6,593.08

LANTATIONS (2.11) (7.41) (20.34) 19.94% 3,981.17 (629.58) 2,381.06 1,566.98 662.72 910.53 8.3 1.66

GALAWATTE AGAL D 50.00 (5.68) (20.85) (28.06) 25.00 29.82% 31.39 234.03 (22.36) 121.4 76.05 58.90 (15.43) 9.36 5.3 1.6 1,250.00

ALANGODA BALA D 35.80 (2.20) (14.04) (27.70) 23.64 17.12% 61.72 249.77 84.16 132.3 34.56 (1.25) 84.00 10.57 3.4 0.6 846.18

OGAWANTALAWA BOPL M 18.00 1.22 (5.14) (9.78) 83.75 -1.23% 11.39 (11.78) (44.18) 62.9 69.15 (99.64) 28.59 na na 1.6 1,507.50

APUGASTENNE HAPU D 63.00 1.77 3.44 (10.11) 46.32 6.50% 31.02 93.33 (35.60) 53.7 0.12 75.11 117.73 2.02 31.3 2.0 2,917.89

ORANA HOPL M 40.50 1.00 (16.36) (37.65) 25.00 31.13% 41.91 326.17 (13.30) 154.9 135.31 49.22 (13.72) 13.05 3.1 1.0 1,012.50

AHAWATTE KAHA D 33.40 3.09 (2.91) (4.57) 79.89 20.75% 13.05 216.34 (115.74) 141.4 68.57 122.07 49.50 2.71 12.3 2.6 2,668.32

EGALLE KGAL M 143.00 (1.38) (4.67) (20.99) 25.00 30.20% 98.51 743.81 31.37 270.1 227.41 214.90 125.31 29.75 4.8 1.5 3,575.00

ELANI VALLEY KVAL D 105.00 (10.71) (12.82) (33.82) 34.00 20.95% 55.90 398.23 (49.26) 246.2 165.19 36.07 7.39 11.71 9.0 1.9 3,570.00

OTAGALA KOTA M 89.10 (2.28) (14.46) (31.06) 32.00 28.79% 69.34 638.89 26.37 175.5 238.61 198.38 55.77 19.97 4.5 1.3 2,851.20

MADULSIMA MADU D 18.00 (3.23) (13.04) (21.74) 29.00 -13.37% 57.63 (223.47) (116.86) 37.5 (50.08) (94.01) 14.59 na na 0.3 522.00

MALWATTE VALLEY MAL D 6.80 (1.45) - (10.53) 224.59 22.70% 9.12 464.96 92.61 198.6 101.13 72.58 175.99 2.07 3.3 0.7 1,527.21MASKELIYA MASK M 24.80 5.53 (1.98) (4.62) 26.98 -41.67% 25.61 (287.88) (317.75) 30.9 57.27 (58.34) 12.07 na na 1.0 669.02

AMUNUKULA NAMU M 96.00 (2.11) (1.27) (18.49) 23.75 25.26% 54.56 327.24 1.26 100.7 116.76 108.56 83.35 13.78 7.0 1.8 2,280.00

ALAWAKELLE TPL D 32.40 0.31 (3.83) (11.89) 23.75 8.24% 46.62 91.20 (75.79) 71.8 101.93 (6.76) (2.80) 3.84 8.4 0.7 769.50

DAPUSSELLAWA UDPL D 40.80 (2.86) 8.22 2.00 19.40 1.36% 21.22 5.58 (33.79) (9.2) 36.28 12.24 41.99 0.29 141.8 1.9 791.47

WATAWALA PLANTATIONS WATA M 17.30 (5.00) (11.40) (22.62) 236.67 17.69% 10.88 455.54 (40.73) 296.8 188.73 10.72 146.20 1.92 9.0 1.6 4,094.33

LPITIYA ELPL M 24.80 1.64 (6.06) (12.06) 72.87 18.44% 18.71 251.44 251.4 na na 3.45 7.2 1.3 1,807.09

MET.RES.HOL MPRH M 28.90 2.12 (3.99) 2.85 17.26 1.14% 39.52 7.77 43.8 (36.02) na 0.45 64.2 0.7 498.95

HEALTH SERVICES (1.61) (5.05) 17.84 5.73% 958.19 308.85 182.66 295.63 171.04 1,160.44 41.4 2.37

SIRI CENTRAL ASHA M 230.00 17.40 9.57 12.52 22.33 -9.82% 45.0 (176.52) -60.5 (116.04) na na na 2.9 5,136.81

SIRI SURGICAL AMSL M 8.40 1.20 (6.67) 5.00 528.46 13.08% 3.8 291.69 89.7 90.0 51.4 60.65 85.29 0.55 15.2 2.0 4,439.04

SIRI HOSPITAL ASIR M 9.70 (2.02) (4.90) 15.48 889.26 8.52% 2.9 238.85 73.8 64.3 77.3 23.38 24.59 0.27 36.1 3.1 8,625.85

EYLON HOSPITALS [V] CHL M 90.00 (2.07) (6.25) (10.00) 25.53 4.39% 72.7 89.42 38.5 (3.836) 40.637 50.92 40.30 2.64 34.1 1.5 2,297.45

EYLON HOSPITALS [NV] CHL X M 70.00 (2.23) (11.05) (12.83) 8.35 1.89% 72.7 38.50 38.5 (3.836) 40.637 40.30 2.64 26.5 1.0 584.18

ANKA HOSPITALS LHCL M 57.40 (8.73) (10.30) 44.47 223.73 10.54% 9.8 301.63 66.2 65.2 106.0 64.30 67.96 1.35 42.6 4.5 12,842.23

AWALOKA NHL M 4.10 - (2.38) 5.13 1409.51 5.87% 2.0 174.62 2.2 23.7 60.9 87.83 902.00 0.12 33.1 1.9 5,778.97

Net ProfitsPrice Performance



19/20





ERVICES (0.64) (4.00) (2.02) 31.36% 761.90 25.97 502.72 112.09 118.18 71.57 10.55 3.31

OHN KEELLS LIMITED JKL M 86.00 (0.70) (6.96) (13.27) 60.80 45.33% 29.06 800.77 66.67 542.88 83.93 107.29 70.74 13.17 6.5 3.0 5,228.80

AKE HOUSE PRINTING LPRT M 172.10 (4.97) (1.66) 17.80 2.94 1.87% 43.20 2.38 2.00 (1.48) 0.56 1.29 (1.09) 0.81 212.8 4.0 505.50

MERC. SHIPPINGS MSL M 352.40 - 4.69 13.68 2.84 -17.24% 106.16 (52.07) (10.40) (38.68) 4.42 (7.41) (1.42) na na 3.3 1,002.57

EYLON PRINTERS CPRT M 100.00 - - - 0.04 -242.06% 376.66 (31.92) (32.30) 0.38 na 0.40 na na 0.3 3.50

ALAMAZOO KZOO M 3200.00 - (8.57) 3.26 0.05 5.80% 878.80 2.55 0. 79 na 2.55 51.00 62.7 3.6 160.00

ARAGON PARA M 1899.00 - - 18.69 0.10 na 0.39 0.39 3.90 487.1 na 189.95

EYLON TEA BROKERS CTBL M 8.30 1.22 3.75 72.92 114.00 22.55% 1.55 39.80 na 22.79 17.01 na 0.35 23.8 5.4 946.20

TORES AND SUPPLIES (7.56) (6.44) (4.72) 12.30% 606.01 88.69 130.27 333.07 53.99 90.16 20.37 2.50

OLOMBO PHARMACY PHAR M 1650.00 (2.94) (4.66) (20.49) 1.27 2.44% 622.10 19.35 3.29 4.69 3.37 8.00 5.16 15.20 108.5 2.7 2,100.21

B CREASY EBCR M2300.00

(8.00) (11.54) 12.20 2.54 25.89% 733.48 481.57 64.60 123.41 293.56 220..22 82.12 189.9312.1 3.1

5,831.55GESTETNER GEST M 352.00 (5.88) 46.67 46.06 2.28 43.89% 22.91 22.91 5.85 1.13 5.34 10.59 (3.35) 10.06 35.0 15.4 801.90

UNTERS HUNT M 702.00 (9.73) (6.28) (20.95) 5.15 3.69% 432.42 82.19 14.96 1.03 30.80 35.40 6.23 15.97 43.9 1.6 3,611.79

RADING (2.73) 1.54 1.24 12.12% 3,681.08 500.84 (231.33) 2,313.10 1,095.31 451.28 17.40 2.11

ROWNS BRWN M 275.00 (0.04) (0.04) (14.83) 70.88 12.88% 215.68 1,968.09 86.69 (459.96) 1,572.96 768.40 182.18 27.77 9.9 1.3 19,490.63

W MACKIE CWM D 101.90 2.93 9.10 17.13 35.99 19.39% 38.90 271.45 102.19 121.84 0.42 47.00 43.66 7.54 13.5 2.6 3,667.23

EYLON FOREIGN TRADES CFT M 10.80 15.05 15.05 9.18 140.20 5.85% 4.31 35.38 6.60 17.61 7.29 3.89 0.45 0.25 42.8 2.5 1,514.12

ASTERN MERCHANTS EMER M 26.80 (7.12) (98.87) (97.63) 117.45 2.71% 7.94 25.30 29.29 (12.87) 8.88 na 16.00 0.22 124.4 3.4 3,147.55

NVIRONMENTAL RESOURCES GREG M 60.70 (6.38) (10.28) (3.06) 315.48 6.53% 23.32 480.56 (16.77) (149.83) 486.70 160.45 43.82 1.52 39.8 2.6 19,149.76

ADIANT GEMS RGEM M 170.00 (20.44) 68.13 78.05 2.40 -1.09% 13.90 (0.36) 2.30 (2.19) (1.04) 0.57 na na 12.2 408.00

INGER SRI LANKA SINS D 125.10 (6.78) 2.96 9.64 125.21 19.62% 35.43 870.50 292.84 249.58 225.55 102.53 162.00 6.95 18.0 3.5 15,663.72

OFFICE EQUIPMENT OFEQ M 120.40 - - - 0.08 9.15% 264.29 2.02 (0.58) na 2.60 24.19 5.0 0.5 10.04

ESS AGRO TESS M 5.60 (6.67) 55.56 100.00 180.00 9.35% 1.67 28.15 na 14.07 14.08 na 0.16 35.8 3.3 1,008.00

POWER & ENERGY 5.61 2.30 6.85 13.14% 1,929.14 183.04 35.96 900.10 810.04 139.08 12.60 1.66

EMAS POWER HPWR M 33.40 (0.60) (4.58) 1.52 125.20 15.80% 21.78 430.67 86.85 112.12 107.40 124.31 80.01 3.44 9.7 1.5 4,181.68

ANKA IOC LIOC M 17.40 (4.92) (8.90) 2.96 532.53 10.42% 17.23 956.38 (36.25) (111.30) 602.36 501.57 (116.00) 1.80 9.7 1.0 9,266.02

IDULLANKA VLL M 9.20 1.10 2.22 22.67 432.88 16.53% 2.15 153.93 38.31 (9.42) 69.40 55.63 56.87 0.36 25.9 4.3 3,982.47

ALLIBEL POWER VPEL M 9.20 - (2.15) (11.65) 747.11 21.03% 2.47 388.15 94.12 44.56 120.94 128.53 118.20 0.52 17.7 3.7 6,873.41

AUGFS GAS LGL M 50.00 18.67 15.00 16.95 335.00 9.12% 579.02 251.48 327.54

AUGFS GAS (X) LGL M 29.80 10.07 2.79 (0.67) 52.00 9.12% 579.02 251.48 327.54

YDRO POWER HPFL M 15.10 8.82 7.25 9.63 109.09 7.38% 62.93 17.60 22.14 23.19

ANASIAN POWER PAP M 5.10 6.25 (1.92) 8.51 500.00 14.50% 108.33 60.13 48.20

NFORMATION TECHNOLOGY 3.24 (4.88) 4.78 2.80% 2.20 - - - 2.20 - 538.49 6.85

-CHANNELLING ECL M 9.70 15.48 25.97 49.23 122.13 2.80% 0.64 2.20 2.20 na 0.02 53 8.5 15. 1 1,184.67

C HOUSE PCH M 16.90 - (11.52) (3.98) 228.9333 146.00 57.69 38.31 50.00

Net ProfitsPrice Performance



20/20

Research

SalesRetail Sales

The report has been prepared by Asia Wealth (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith. Such information

has not been independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or correctness, rel iability or suitability. All such information and opinions are subject to change without

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. In no event will Asia Securities be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of,

or in connection with the use of this report and any reliance you place on such information is therefore strictly at your own risk.

Asia Securities may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which they are based before the material is disseminated to their customers. Not all customers will receive thematerial at the same time. Asia Securities, their respective directors, officers, representatives, employees, related persons and/or Asia Securities, may have a long or short position in any of the securities or other financial instruments mentioned or issuers

described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal oragent. Asia Securities may make markets in securities or other financial instruments described in this publication, in securities of issuers described herein or in securities underlying or related to such securities. Asia Securities may have recently

underwritten the securities of an issuer mentioned herein. The information contained in this report is for general information purposes only. This report and its content is copyright of Asia Securities and all rights reserved. This report- in whole or inpart- may not, except with the express written permission of Asia Securities be reproduced or distributed or commercially exploited in any material form by any means whether graphic, electronic, mechanical or any means. Nor may you transmit it orstore it in any other website or other form of electronic retrieval system. Any unauthorised use of this report will result in immediate proceedings.

Institutional Sales

Branches

Service Centers

Senior AnalystAmali Perera (94-11)5320256

[email protected]

CorporatesMinoli Mallwaarachchi (94-11)5320259

Nirmala Samarawickrama (94-11)5320253

Dilan Wijekoon (94-11)5320253

Thilina Ukwatta (94-11)5320253

Shan Silva (94-11)5320251

EconomyDhanusha Pathirana (94-11)5320254

Travis Gomez (94-11)5320000

Statistician

Nuwan Pradeep (94-11)5320257

Sabri Marikar (94-11) 5320224 077 3-576868 [email protected]

Niroshan Wijayakoon (94-11) 5320208 0777-713645 [email protected]

Niyaz Aboobucker (94-11) 5320213 0777-727352 [email protected]

Anura Hedigallage (94-11) 5320211 0777 -713663 [email protected]

Chelaka Hapugoda (94-11) 5320240 0777 -256740 [email protected]

Chaminda Mahanama (94-11) 5320223 0777 -556582 [email protected]

Hiran Bibile (94-11) 5320238 0777 -352032 [email protected] Amarasekara (94-11) 5320215 0773 -717220 [email protected]

Shiyam Subaulla (011)- 5320218 0773-502016 [email protected]

Gagani Jayawardhana (011)- 5320236 0714-084953 [email protected]

Priyantha Hingurage (011)- 5320217 0773-502015 [email protected]

Neluka Rodrigo (011)- 5320214 0777-366280 [email protected]

Subeeth Perera (011)- 5320227 0714-042683 [email protected]

CSE Floor CSE,01-04, World Trade Centre, Colombo 1. Thushara Adhikari (011)-5735122 0773-688202 [email protected]

M G Suranjana (011)-5763539 0773-954994

Kiribathgoda Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda Danushka Boteju (011)-5634803 0716-270527 [email protected]

Suranga Harshana (011)-5734773 0783-452500 [email protected]

Kurunegala Union Assurance Building, No.6,1st Floor, Rajapilla Rd, Kurunagala. Asanka Samarakoon (037)-5628844 0773-690749 [email protected]

Gayan Nishsanka (037)-5642717 0777-105356 [email protected]

Bandula Lansakkara (037)-5643580 0773-925852

Matara E.H.Cooray Building, Mezzanine Floor, No:24, Anagarika Darmapala Mw, Sumeda Jayawardena (041)-5677525 0773-687027 [email protected]

Matara Lalinda Liyanapathirana (041)-5677526 0778-628798 [email protected]

Galle Peoples Leasing Building, 2nd Floor, No.118,Matara Road, Galle Ruchira Hasantha (091)-5629998 0773-687027 [email protected]

Ushan Sachith (091)-5676767 0778-628798 [email protected]

Negombo Asia Asset Finance, 171/1, Station Road, Negombo. Uthpala Karunatilake (031)-5676881 0773-691685 [email protected]

Kandy k3-L1,Level 01,kcc, No 5 ,Dalda Veediya, Kandy. Nilupul Hettiarachchi (081)-5628500 0773-691816 [email protected]

Radhika Hettiarachchi (081)-5625577 0777-810694 [email protected]

Hambantota Hambanthota Chamber of Commerce, Thangalle Road, Hambantota. Gayan Sanjeewa (047)-5679240 0715-536309 [email protected]

Anusha Muthumali (047)-5679241 0772-351716 [email protected]

Shermin Ranasinghe 0772-378352 [email protected]

Ampara 2nd

Floor, T.K.S. Building, D.S. Senanayake Street, Ampara. Ravi De Mel (063)-5679071 0772-681995 [email protected]

Madushanka Rathnayaka (063)-5679070 0779-036577 [email protected]

Jaffna 11-8, First Floor, Stanley Road, Jaffna Gratian Nirmalan (021)-5671800 0777-567933 [email protected]

S.Puviraj (021)-5671801 0775-096969 [email protected]

Wennappuwa Asia Asset Finance, No.176, Negombo Road, Katuneriya. Sajith Iroshan (032)- 5673881 0773-740208 [email protected]

Sandun Athulathmudali (032)- 5673882 0772-533331 [email protected]

Moratuwa Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa. Hashan Lalantha (011)-5238662 [email protected]

Charith Perera (011)-5238663 [email protected]

Panadura Asian Alliance Building, 293, Galle Road, Panadura Ranganath Wijetunga (038)-5670400 0715-120723 [email protected]

Asanka Chaminda (038)-5670407 0713-559552 [email protected]

Research

SalesRetail SalesInstitutional Sales

Branches

Service Centers

The report has been prepared by Asia Wealth (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith. Such information

has not been independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or correctness, reliab ility or suitability. All such information and opinions are subject to change without

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. In no event will Asia Securities be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of,

or in connection with the use of this report and any reliance you place on such information is therefore strictly at your own risk.

Asia Securities may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which they are based before the material is disseminated to their customers. Not all customers will receive thematerial at the same time. Asia Securities, their respective directors, officers, representatives, employees, related persons and/or Asia Securities, may have a long or short position in any of the securities or other financial instruments mentioned or issuers

described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal oragent. Asia Securities may make markets in securities or other financial instruments described in this publication, in securities of issuers described herein or in securities underlying or related to such securities. Asia Securities may have recently

underwritten the securities of an issuer mentioned herein. The information contained in this report is for general information purposes only. This report and its content is copyright of Asia Securities and all rights reserved. This report- in whole or in

part- may not, except with the express written permission of Asia Securities be reproduced or distributed or commercially exploited in any material form by any means whether graphic, electronic, mechanical or any means. Nor may you transmit it orstore it in any other website or other form of electronic retrieval system. Any unauthorised use of this report will result in immediate proceedings.
http://[email protected]/http://[email protected]/http://[email protected]%20%20/mailto:[email protected]://[email protected]/mailto:[email protected]:[email protected]:[email protected]://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/mailto:[email protected]://[email protected]/http://[email protected]/mailto:[email protected]://[email protected]/mailto:[email protected]://[email protected]/mailto:[email protected]://[email protected]/mailto:[email protected]:[email protected]://[email protected]/mailto:[email protected]:[email protected]://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]:[email protected]:[email protected]://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]://[email protected]/mailto:[email protected]:[email protected]:[email protected]://[email protected]/mailto:[email protected]://[email protected]/mailto:[email protected]://[email protected]/mailto:[email protected]://[email protected]/http://[email protected]/mailto:[email protected]://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/http://[email protected]/mailto:[email protected]:[email protected]:[email protected]://[email protected]/mailto:[email protected]://[email protected]%20%20/http://[email protected]/

Documents

Sri Lanka Stock Market Weekly 38