Weekly Plus - 2013 Issue 22 (31.05.2013)

7/28/2019 Weekly Plus - 2013 Issue 22 (31.05.2013)

1/12

2013 Issue 22 Week Ending 31-05-2013

Weekly Market Wrap UpStat Page Pg 02

Weekly Stock Trends Pg 03

S&P SL20 Watch Pg 04

Local Economy in BriefCurrency Moves Pg 05

Inflation & Interest Rates Pg 06

Colombo Tea Auction Pg 06

Tourism Pg 06

Global MarketEquity Market Outlook Pg 07

Global Commodity Trend Pg 08

Research Chat:Piramal Glass - 4QFY13 EARNINGS SNAPSHOT Pg 09- Pg 10

Our Core Coverage Pg 11- Pg 12


2/12

Current WoW %

ASPI 6463.06 -0.4%

S&P SL20 3646.32 -0.5%

Turnover (LKR 'bn) 5,442.0 13.4%

Volume ('mn) 200.6 61.5%

Market Cap. (LKR 'bn) 2,481.8 -0.4%

LKR ('mn) Current WoW %

Foreign Purchases 1,067.6 -57.1%

Foreign Sales 493.7 -15.2%

Net Foreign Inflow 573.9 -69.9%

Foreign Participation 15% -62.0%

Net Foreign 664 574

Current WoW %

PER 17.5 -0.4%

PBV 2.4 -0.4%

DY 2.1 0.0%

Current WoW %

BANKS FINANCE & INS. 12,174.2 1.0%

BEV. FOOD & TOBACCO 15,675.1 1.8%

CHEM. & PHARMA. 7,167.8 3.4%

CONS. & ENG. 2,610.9 1.2%

DIVERSIFIED 1,821.1 1.4%

HEALTH CARE 582.1 1.1%

HOTELS & TRAVELS 3,554.3 1.7%

JKH 0.12% AITKEN SPENCE -0.13% LAND & PROPERTY 506.0 3.2%

COMMERCIAL BANK (+) 0.42% ACCESS ENG SL -11.20% MANUFACTURING 2,606.0 1.2%

LANKA FLOORTILES 142.49% NATION LANKA -22.38% MOTORS 15,430.7 2.5%

OVERSEAS REALTY (+) 0.34% EXPOLANKA -2.0% PLANTATIONS 808.2 0.9%

CEYLON TOBACCO (+) 0.02% ENVI. RESOURCES -0.36% TELECOM 163.5 1.3%

1588

490.4

Change in Foreign Holding

Decline in

Value

LKR 'mn

Decline in Foreign Holding

Growth in

Foreign

Holding

Growth in Foreign Holding

2,580.3

1,796.8

575.6

6,934.3

-31.9

Weekly Stat Page

Previous

Weekly Market Statistics

Weekly Foreign Flow

Weekly Market Valuations

Weekly Sector Statistics

Decline in

Foreign

Holding 3,493.7

2,576.4

15,058.4

Previous

6488.85

800.8

161.4

3666.04

4,799.5

17.6

2.4

2.1

Previous

12,051.5

15,397.6

1,904.5

38%

2,486.8

582.3

124.2

2,491.7

Previous

-10.2

-10.2

-8.3

1905

Growth in

Value

LKR 'mn

166.1

139.0

124.4

50.3

27.7

-24.3

5,600

5,800

6,000

6,200

6,400

6,600

Daily Index Movement

ASPI

0

50

100

150

200

250

300

350

0

2,000

4,000

6,000

8,000

10,000

12,000

10-May 17-May 24-May 31-May

('Mn)

LKR('Mn)

Weekly Turnover and Volume

Turnover (LHS) Volume (RHS)

0

500

1,000

1,500

2,000

2,500

3,000

3,500

10-May 17-May 24-May 31-May

LKR('Mn)

Weekly Foreign Purchases and Sales

Foreign Buying Foreign Sales

0%

10%

20%

30%

40%

50%

60%

70%

Daily Foreign Activity

Fo re ign Activity Line ar (F oreign Activity)

Page | 2


3/12

Company WoW %

CEYLON PRINTERS 24.07%

GOOD HOPE 21.64%

MORISONS 19.90%

HUEJAY 19.48%MORISONS[NON VOTIN 18.86%

Company WoW %

G S FINANCE -19.76%

MIRAMAR -15.62%

CIFL -12.50%

AGALAWATTE -11.88%

BIMPUTH FINANCE -9.40%

Company WoW %

MORISONS 19.90%

JKH -3.00%

CHEVRON 9.32%

NATION LANKA 12.87%

MORISONS[NON VOTIN 18.86%

Company WoW %

NATION LANKA 12.87%

PANASIAN POWER 3.85%

ENVI. RESOURCES -2.99%

BLUE DIAMONDS[NON 0.00%

OVERSEAS REALTY 4.55%

1,100.00

150.00

43.0089.60

52 High 52 Low

52 High 52 Low

3.30 2.00

120.00 60.00

11.80 2.00

41.80 26.60

39.80 13.20

15.90 7.00

299.80 172.00

332.90 160.00

3,270.00

1,560.00

358.80

110.90221.00

16.00

1.40

19.40

Low

1,799.00

1,300.00

52 High

1,500.00

358.80

270.00

70.00152.00

30.10

24.00

270.00

284.50

306.00

9.90

152.00

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

Low

Low

Low

535.10

65.30

2.00

21,135,830

1,067,438

Volume

Turnover

1,583,950,506

324,365,972

289,187,682

236,373,961

Volume

4,337,839

1,124,175

15.90

52 Low

200.00

150.00

7,567,615

9.90

2.50

21,135,830

15,295,857

9,370,403

7,983,557

221.00

19.80

2.40

21.30

89.60

11.30

1.40

11.50

7.00

909,208

High

1,799.00

1,338.00

358.80

99.80221.00

Turnover

1,799

2,638

1,583,950,506

269,338227,642,702

Volume

1

2

4,337,839

3,2601,067,438

Previous

1,450.00

1,100.00

289.90

69.80170.70

Current

1,799.00

1,338.00

347.60

83.40202.90

Weekly Stock Trends

52 Low

225.00

Weekly Top Gainers

52 High

Turnover

61,072

1,527,564

10,103,765

571,822

540,695

Volume

102

20,555

4,632,923

17,718

20,480

High

675.00

85.40

2.40

34.50

27.20

170.70

Previous

670.00

87.70

2.40

34.50

26.60

High

358.80

294.90

Previous

289.90

293.80

Current

537.60

74.00

2.10

30.40

24.10

Current

347.60

285.00

328.30

11.40

202.90

Turnover

236,373,961

41,180,600

Previous

10.10

2.60

227,642,702

332.90

12.10

221.00

300.30

10.10

156,698,303

11,426,825

154,569,804

High

12.10

2.80

17.00

1.60

21.30

16.70

1.50

19.80

Current

11.40

2.70

16.20

1.50

20.70

Page | 3


4/12

DIVIDENDS

RIGHTS ISSUE

Pelwatte Sugar

###

S&P SL20 Companies Previous WoW % ###

JOHN KEELLS HOLDINGS 293.80 -3.00% ###

COMMERCIAL BANK 123.90 -0.48% ###THE BUKIT DARAH 716.80 -0.95% SCRIP DIVIDEND

HATTON NATIONAL BANK 170.00 -0.06%

CARSONS CUMBERBATCH 445.00 -0.70%

SAMPATH BANK 224.80 -0.80%

CEYLON TOBACCO COMPANY 951.50 3.56%

DFCC BANK 148.00 -2.09% CAPITALIZATION OF RESERVES

AITKEN SPENCE 138.10 -2.97%

NATIONAL DEVELOPMENT BANK 175.10 1.03%

C T HOLDINGS 150.40 -3.59%

DISTILLERIES 199.90 1.75%HAYLEYS 317.80 -4.63% SUBDIVISION OF SHARES

CHEVRON LUBRICANTS LANKA 300.30 9.32%

DIALOG AXIATA 9.70 -2.06%

CARGILLS (CEYLON) 176.40 0.57%

AITKEN SPENCE HOTEL HOLDINGS 79.00 0.51% CONSOLIDATION OF SHARES

NESTLE LANKA 2,037.50 -1.81%

ASIAN HOTELS & PROPERTIES 73.70 4.34%

SRI LANKA TELECOM 43.10 -1.39%

38,500,223

89,469,421

2,382,602

7,003,940

289,187,682

20,328,102

3,317,083

2,764,847

6,514,100

4,566,833

1,274,804

0-Jan-1900 0-Jan-1900

0-Jan-1900

0 0

0-Jan-1900 0 0

0-Jan-1900

0-Jan-1900 0-Jan-1900

89,539,381

0-Jan-1900 0-Jan-1900 0-Jan-1900 0-Jan-1900

Company Proportion EGM Date Trading Date

0-Jan-1900

Company Proportion

3,983,654

5,297,261

21,180,753

05-07-2013

Asian Hotels &Properties

John Keells

Delayed01 for 04 @ LKR18.0

0

0Turnover

324,365,972

Company

XD Date

37,211,736

85,853,602

0-Jan-1900 02-07-2013 10-07-2013Chemanex PLC

0-Jan-1900

0-Jan-1900

XD DateEGM DateProportionCompany

15-07-2013

0-Jan-19000-Jan-1900

184,004,56518,232,768

S & P SL20 Debrief

Proportion

Announcements

Company Dividend (LKR)

05-06-2013

06-06-2013

14-06-2013

06-06-2013

5.00Sansa Development Bank

Union Chemicals Lanka

Union Bank of Colombo

03-06-2013

03-06-2013

03-06-2013

11-06-2013

11-06-2013

12-06-2013

Payment

John Keells Holdings

Keells Food Products

5.00

0.35

0

TeaSmallholder Factories

0-Jan-19000-Jan-1900

0-Jan-1900

EGM Date Trading Date

2,000.70

76.90

42.50

0

0

14-06-2013

17-06-2013

17-06-2013

0-Jan-1900 0-Jan-1900

Company Proportion EGM Date XC Date

0-Jan-19000-Jan-1900

0-Jan-1900 0-Jan-1900

Watawala Plantations PLC

0-Jan-1900

0

0

0-Jan-1900

0

05-06-2013

Delayed

0

06-06-2013

1.00

3.00

3.50

1.50

2.00

00

0

0

17-06-2013

Renunciation

0

XR Date

Current

285.00

123.30710.00

169.90

441.90

223.00

985.40

144.90

134.00

176.90

145.00

203.40303.10

328.30

9.50

177.40

79.40

3,200

3,300

3,400

3,500

3,600

3,700

Daily Index Movement

S&P SL20

Page | 4


5/12

Local Economy

CURRENCY MOVES

124125

125

126

126

127

127

128

LKR USD : LKR

1.15

1.20

1.25

1.30

1.35

1.40

LKR Japanese Yen : LKR

158160

162

164

166

168

LKR EURO : LKR

98

99

100

101

102

103

104LKR Singapore Dollar : LKR

184186

188

190

192

194

196

198

LKR GBP : LKR

2.15

2.20

2.25

2.30

2.35

2.40LKR Indian Rupee : LKR

There were calls from various countries to bring down this limit which currently stands at US $ 500,000. So,

we have taken these requests seriously and currently, our ministry is discussing with the BoI to bring down

the investment ceiling to allow investments from SMEs,Economic Development Deputy Minister M.L.A.M.

Hizbullah said.

Page | 5


6/12

BALANCE OF TRADE TOURISM

For the Month Ending: Mar-13 For the Month Ending:

Mar-13 MoM % Mar-12 2013 2012

Exports 837 5% 857 Apr-13 79,829 69,591

Imports 1,541 8% 1,736 YTD 368,627 330,116

Balance of Trade -704 -11% -879

COLOMBO TEA AUCTION STATISTICS

Sale of

21-May-13 WoW %

High Grown 340.31 -2.98%

Mid Grown 375.50 -1.80%

Low Grown 459.91 -1.73%

Total 419.39 -0.91%

COLOMBO RUBBER AUCTION STATISTICS

For the Month Ending: May-2013

May-13 Basis Points Sale of

Point to Point 7.3% -90 21-May-13 WoW %

Annual Average Chang 8.8% 0 RSS 1 390.00 0.00%

1-Yr T-Bill 10.86% 47 Brown Crepe 1X 389.00 0.00%

YoY %

Change %

365.00

365.00

YoY %

-2%

Elevation

-1.59%

14.75%

9.94%

15-May-13

350.76

798

1,433

15%

12%

8.13%

6.58%

6.85%

WoW %

-11%

20%

345.81

327.22

418.34

387.85

Local Economy

Elevation

Apr-13

INFLATION & INTEREST RATE

Feb-13

-636

Sale of

Sale of

05-Mar-13

Corres. 2012

382.39

468.00

423.23

Apr-13

6.4%

8.8%

11.33%

Sale of

07-May-13

390.00

389.00

-1,200

-800

-400

0

400

800

1,2001,600

2,000

Balance of Trade

Exports Imports Balance of Trade

20,000

40,000

60,000

80,000100,000

120,000

140,000

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

Tourist Arrivals

2010 2011 2012 2013

2%

4%

6%

8%

10%

12%

14%

May-13Mar-13Jan-13Nov-12Sep-12Jul-12May-12

Inflation and Treasury Bill Rate

1-Yr T-Bill Point to Point Annual Average Change

Page | 6


7/12

EQUITY MARKET OUTLOOK

Global Markets

The U.K. economy will grow through 2015 faster than previously forecast, the British Chambers of Commerce

said. The upward revision in our growth forecasts is encouraging, Unfortunately, this does not change the fact

that economic growth is still too weak, and the pace of recovery will remain unduly slow for a while yet. We are

still a far cry from getting the economy fully back on track.

13,500

14,000

14,500

15,000

15,500

Index Dow Jones Industrial Average

5,800

6,000

6,200

6,4006,600

6,800

7,000

Index FTSE 100 Index

1,450

1,500

1,550

1,600

1,650

1,700

Index S&P 500 Index

7,000

9,000

11,000

13,000

15,000

17,000Index Nikkei 225

2,400

2,500

2,600

2,700

2,800

2,900Index EURO STOXX 50 Price EUR

20,500

21,000

21,500

22,000

22,500

23,000

23,500

24,000Index Hong Kong Hang Seng Index

Page | 7


8/12

WTI Crude USD/bbl 93.23 -0.4%

Gold USD/t oz. 1,411.50 1.4%Copper USd/lb. 329.75 -0.2%

Cotton USd/lb. 80.18 -1.6%

Wheat USd/bu. 694.75 -0.4%

GLOBAL COMMODITY TREND

81.49

697.50

CommodityThis

Week

Last

Week

WoW

Change

1,391.90330.25

Global Markets

93.58

80

85

90

95

100

USD/bbl

WTI CRUDE FUTURE

70

75

80

85

90

95

USd/lb. COTTON NO.2 FUTURE

1,200

1,300

1,400

1,500

1,600

1,700

USD/t oz.

GOLD 100 OZ FUTURE

620

640660

680

700

720

740

760

USd/bu. WHEAT FUTURE(CBT)

280

300

320

340

360

USd/lb.

COPPER FUTURE

Page | 8


9/12

Softlogic Equity ResearchPage | 9

Piramal Glass [GLAS: LKR6.6], the sole flacconage glass manufacturer in Sri Lanka concluded 4QFY13 with net earnings growth of 11% YoY at LKR110 mn

while full year earnings grew 6% YoY to LKR724 mn. GP margin saw an improvement of 100 bps YoY to 29% during 4QFY13 while PBIT margin grew 400 bps

YoY to 15%.

GLAS battled 4QFY13 with the slowdown in the domestic market driven by second hand liquor bottle imports flowing into the market. However increased

export market foothold to 30% and growth of coloured bottles in newly tapped export markets underscored growth in margins. The marginal appreciation

of the rupee eased pressure on operating costs in comparison to 4QFY12 which entailed an exchange loss booked under administration thereby aiding net

earnings margin to grow 100bps YoY to 8%.

A

CAGR of 11% is expected for FY14E-FY15E backed by its flexible sales

mix with high premium yielding specialty bottles being the highlight.

GLAS believes that the second hand bottle imports effect is temporary

while its annual price increase is expected to stem in from 2QFY14

ahead of 2HFY14 which is GLASs peak period encompassing Christmas

and Sinhala and Tamil New Year.

GLAS expects to increase their export market foothold to exceed the current share of 30%, further

diversifying revenue streams where growth in high margin yielding coloured bottles segment is expected. It has now reduced significant exposure to

the Indian Market and diversified to Australia, New Zealand, Mauritius, Maldives, East Africa and UK.

We expect volumes to moderate in the medium term with its capacity standing at 250 tons per day

hence a marginal growth has been factored in to the forecasts.


10/12


GLASs energy cost composition containing 50% of furnace oil, 30% of electricity and 20% of LPG is

expected to see an increase of 18% on its energy bill with effect from April 1st 2013 as a result of the 15% weighted average increase in industry tariff.

Hence a 15 % growth on per unit electricity tariff has been factored in for FY14E and a 10% per unit growth for FY15E. Both furnance oil and LPG per

unit costs have been increased marginally above past increases on a conservative note.

We expect GLASs GP margin to dip to 26.0% in FY14E and 24.8% in FY15E as result of the expected 18% rise

in its energy bill and medium to long term contracts which were signed with consumers before the energy hike thereby limiting the ability of passing

on these cost increases. However a firm foothold and a superior product mix in GLASs export market is anticipated to support steady earnings

growth.

Going forward we expect the exchange loss component booked under administration costs to ease

due to the relative stabilization of the rupee.

We expect borrowing

levels to decline further with gearing (debt-to-equity) reaching below 30%

by the end of FY15E, as there are no significant expansion plans in the

horizon and the consideration of LKR355 mn via the sale of a part of its

land in Ratmalana expected to be utilized to repay the high cost long term

loans.

Dividend payout is expected to

remain at 49% in line with its average through FY11-FY13.

Considering GLASs energy intensive cost parameter and the significant hit on its energy bill stemming in from 1QFY14 coupledwith the inability to pass on

these cost hikes via pricing immediately, we downgrade FY14E net earnings to LKR761 mn (+5.0% YoY) on a conservative note while FY15E looks at LKR813 mn

(+7.0% YoY). GLASs flexible product mix management and export market entailing higher weightage towards coloured bottles treading on a growth tangent

are the key pillars of our forecasts keeping in mind its competitive nature. The counter trades at 8.2x FY14E earnings and 7.7x at FY15E earnings vs. the trailing

manufacturing sector PER of 11.6x. The counter may appeal to pragmatic and patient investors as the company has a stable earnings flow and offers

attractive dividend yields of 6.0% and 6.4% for FY14E and FY15E respectively hence we rate GLAS aLong Term Buy.

YEAR END 31st March FY10 FY11 FY12 FY13 FY14E FY15E

Revenue (LKR mn) 3,519 4,163 5,120 5,501 6,083 6,808

Net Profit (LKR mn) (61) 579 686 724 761 813

EPS (LKR) (0.1) 0.6 0.7 0.8 0.8 0.9YoY % Growth 77% 1047% 19% 6% 5% 7%

PER (X) (102.6) 10.8 9.1 8.7 8.2 7.7

PEG (X) N/A 1.0 49.0 156.7 163.3 111.7

DPS (LKR) - 0.30 0.36 0.38 0.39 0.42

Div Yield (%) - 4.5% 5.4% 5.7% 6.0% 6.4%

BVPS (LKR) 2.3 2.9 3.4 3.8 4.2 4.7

PBV (X) 2.8 2.2 1.9 1.7 1.6 1.4


11/12


Name Y/E Rec Mkt Price NAVPS P / BV DPS

31-May-13 M ar '1 1 M a r '1 2 Ma r' 13 E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 3

( 'Mn) ( 'Mn) ( 'Mn) D ec '1 0 D e c' 11 D ec '1 2 De c' 13 E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 2

Banking, Finance & Insurance

Ce ntra l F in an ce CF IN .N 0000 M Buy 190.00 15,406 104.9 19,928 146.89 1.29 1,827 2,675 3,131 3,887 2,987 17.42 2 5.51 2 9.86 3 7.06 28.47 75 46 17 24 10.9 7.4 6.4 5.1 6.7 1.7 0.9 17.4

Ceyl i nco Ins urance CINS.N0000 D 1,044.50 13,019 26.4 27,590 492.87 2.12 962 1,372 1,900 36.41 51.95 71.94 40 43 28.7 20.1 14.5 12.5 1.2 10.5

Co mm erc ia l B a nk CO MB .N 00 00 D Buy 123.30 52,833 848.6 1 04,633 62.26 1.98 5,508 8,048 10,080 11,806 10,056 6.49 9.48 11.88 13.91 11.85 31 46 25 17 19.0 1 3.0 10.4 8.9 10.4 4.5 3.6 15.2

C om m er ci a l B a n k [ X] C OM B. X0 00 0 D Buy 98.80 52,833 848.6 83,842 62.26 1.59 5,508 8,048 10,080 11,806 10,056 6.49 9.48 1 1.88 1 3.91 11.85 31 46 25 17 15.2 1 0.4 8.3 7.1 8.3 4.5 4.6 15.2

DFCC Ba nk DFCC.N0000 M MTB 1 44 .9 0 26 ,9 01 2 65 .1 3 8, 41 3 1 01 .4 8 1 .4 3 5 ,0 90 2 ,9 00 3 ,0 78 3 ,4 53 3 ,0 62 1 9 .2 0 1 0. 94 1 1. 61 1 3. 02 1 1. 55 9 7 (43) 6 12 7.5 13.2 12.5 11.1 12.5 5.0 3.5 10.8

H a tton N a ti on a l B a n k H N B. N0 00 0 D Buy 169.90 45,668 398.1 67,632 114.73 1.48 4,787 6,149 8,111 9,594 8,086 12.02 1 5.45 2 0.38 2 4.10 20.31 7 28 32 18 14.1 1 1.0 8.3 7.0 8.4 8.5 5.0 13.5

Hatton National Bank [X] HNB.X0000 D Buy 127.00 45,668 398.1 50,555 114.73 1.11 4,787 6,149 8,111 9,594 8,086 12.02 1 5.45 2 0.38 2 4.10 20.31 7 28 32 18 10.6 8.2 6.2 5.3 6.3 8.5 6.7 13.5

La nka Ori x Leas ing Company LOLC.N0000 M 60.70 20,745 475.2 28,845 43.65 1.39 3,840 6,379 3,768 8.08 13.42 7.93 109 66 7.5 4.5 7.7 0.5 0.8 30.8

LB Fi na nce LFIN.N0000 M Buy 129.90 4,907 69.3 8,997 70.85 1.83 1,020 1,625 1,826 2,231 1,792 14.73 2 3.46 2 6.37 3 2.21 25.87 1 04 59 12 22 8.8 5.5 4.9 4.0 5.0 5.0 3.8 33.1

National Development Bank NDB.N0000 D Buy 1 76 .9 0 2 4, 92 8 1 64 .2 2 9, 04 7 1 51 .8 1 1. 17 2 ,1 50 2 ,7 06 8 ,8 54 3 ,5 33 8 ,8 74 1 3. 09 1 6. 48 5 3. 92 2 1. 52 5 4. 04 3 2 6 2 27 (60) 13.5 10.7 3.3 8.2 3.3 15.0 8.5 10.9

N a ti o ns T ru s t B a nk N TB .N 00 00 D Buy 67.00 10,095 230.6 15,451 43.78 1.53 1,084 1,534 1,951 2,455 1,915 4.70 6.65 8.46 1 0.65 8.31 58 41 27 26 14.3 10.1 7.9 6.3 8.1 2.1 3.1 15.2

Pa n As ia Ba nk PAB C.N0000 D Buy 21.00 4,142 295.0 6,196 14.04 1.50 362 824 811 859 811 1.23 2.79 2.75 2.91 2.75 (7) 128 (2) 6 17.1 7.5 7.6 7.2 7.6 1.0 4.8 19.9

Pe op le 's Le as i ng PLC.N 0000 M Buy 1 4. 90 18 ,3 70 1 ,5 79 .9 2 3, 54 0 11 .6 3 1. 28 2 ,6 05 4 ,5 03 2 ,6 91 3 ,0 15 3, 19 3 1 .6 5 2 .8 5 1 .7 0 1 .9 1 2 .02 1 26 73 (40) 12 9.0 5.2 8.7 7.8 7.4 0.8 5.0 24.5

S am pa th Ba nk S AMP.N0000 D Buy 223.00 25,446 167.8 37,410 151.68 1.47 3,484 4,151 5,212 5,636 5,212 20.77 2 4.74 3 1.07 3 3.60 31.07 68 19 26 8 10.7 9.0 7.2 6.6 7.2 6.0 2.7 16.3

Seyl an Ba nk SEYB.N0000 D 70.30 19,775 345.0 24,251 57.32 1.23 1,207 1,006 2,063 2,166 3.50 2.92 5.98 6.28 117 (17) 105 20.1 24.1 11.8 11.2 1.0 1.4 5.1

La nk a O ri x F in an ce LOF C.N 0000 M 3.40 5,355 2,800.0 9,520 1.91 1.78 1,246 1,246 903 958 1,234 0.45 0.44 0.32 0.34 0.44 1,229 ( 0) ( 28) 6 7.6 7.6 10.5 9.9 7.7 - - 23.3

Sample Sector (16) 287,590 7 ,770.0 441,450 3 7.01 1 .53 35,172 4 5,118 73,197 4.53 5.81 9.42 57 28 12.6 9.8 6.0 15.7

Full Sector (60) 584,001 1.60 10.8

Beverage, Food and Tobacco

Ca rgi ll s CAR G.N0000 M 177.40 7,793 224.0 39,738 34.79 5.10 1,089 1 ,079 704 1 ,315 776 4 .86 4.82 3.14 5.87 3.46 5 4 ( 1) ( 35) 87 36.5 36.8 56.5 30.2 51.2 2.0 1.1 1 3.8

Ce yl on T ob ac co Co mp an y CTC.N 0000 D 985.40 3,660 187.3 1 84,589 19.54 50.43 5,097 6,569 8,176 8,685 8,152 27.21 35.07 43.65 46.36 43.52 24 29 24 6 36.2 2 8.1 22.6 21.3 22.6 45.2 4.6 179.5

Di sti ll eri es DIST.N0000 M Buy 2 03 .4 0 4 0, 72 3 3 00 .0 6 1, 02 0 1 35 .7 4 1 .5 0 8 ,1 24 5 ,9 82 6 ,1 09 7 ,6 43 7 ,4 09 2 7. 08 1 9. 94 2 0. 36 2 5. 48 2 4. 70 1 86 (26) 2 25 7.5 10.2 10.0 8.0 8.2 3.0 1.5 14.7Li on Bre we ry LI ON.N0000 M 419.90 5,679 80.0 3 3,592 70.99 5.91 1,013 1,262 1,046 1,001 12.67 15.78 13.07 12.51 5 8 25 (17) 33.1 26.6 32.1 33.6 4.0 1.0 22.2

N es tl e ( La nk a) N ES T.N 0000 D 2,000.70 3 ,775 53.7 107,489 70.27 28.47 1,891 2,633 2,994 3,281 2,994 35.19 4 9.01 5 5.73 6 1.07 55.73 20 39 14 10 56.9 40.8 35.9 32.8 35.9 54.0 2.7 69.8

Sample Sector (5) 61,630 845.0 426,427 72.93 6.92 17,214 17,525 19,028 20,924 20,332 20.37 20.74 22.52 24.76 24.06 74 2 9 10 24.8 24.3 22.4 20.4 21.0 28.4

Full Sector (20) 485,051 5.18 24.5

Chemicals & Pharmaceuticals

CIC Holdings CIC.N0000 M 75.00 7,291 9 4.8 7,108 76.93 0.97 929 9 16 339 9.80 9.67 3.58 57 (1) 7.7 7.8 21.0 0.6 0.8 12.6

La nkem Ceyl on LCEY.N0000 M 168.00 4,053 24.0 4,032 168.87 0.99 1,131 552 266 47.13 23.01 11.07 230 (51) 3.6 7.3 15.2 2.5 1.5 13.6

Sample Sector (2) 11,343 118.8 11,140 95.51 0.98 2,060 1,469 605 17.34 12.37 5.09 121 (29) 5.4 7.6 18.4 12.9

Full Sector (10) 21,859 1.12 13.5

Construction & Engineering

Co lo mb o D oc kya rd D OCK.N 0000 D 235.00 10,407 71.9 16,887 144.82 1.62 2,081 1 ,804 1 ,977 1,974 28.96 25.10 27.51 27.46 ( 3) ( 13) 10 8.1 9.4 8.5 8.6 8.0 3.4 17.3

Sample Sector (1) 10,407 71.9 16,887 144.82 1.62 2,081 1,804 1,977 1,974 28.96 25.10 27.51 27.46 (3) (13) 10 8.1 9 .4 8.5 8.6 17.3

Full Sector (4) 20,371 1.36 6.2

Diversified Holdings

Ai tken Spence SPEN.N0000 M 134.00 26,548 406.0 54,403 65.39 2.05 2,536 3,709 3,830 6.25 9.14 9.43 22 46 21.5 14.7 14.2 1.5 1.1 14.0

CT Hol di ngs CTHR.N0000 M 145.00 12,775 183.1 26,549 69.77 2.08 864 1,213 1,201 4.72 6.63 6.56 131 40 30.7 21.9 22.1 2.1 1.4 9.5

Cars ons Cumberba tch CARS.N0000 M 441.90 32,105 196.4 86,783 163.48 2.70 4,541 5,763 2,989 23.12 29.34 15.22 38 27 19.1 15.1 29.0 2.0 0.5 17.9

E xp o la n ka H ol d i ng s E XP O. N00 00 M LTB 7 .0 0 8 ,8 84 1 ,9 54 .9 1 3, 68 4 4 .5 4 1. 54 1 ,5 47 1 ,0 55 1 ,2 64 1 ,8 02 1, 07 0 0 .7 9 0 .5 4 0 .6 5 0 .9 2 0 .55 1 99 (32) 20 43 8.8 13.0 10.8 7.6 12.8 0.1 1.7 11.9

Ha yleys HAYL.N0000 M 303.10 19,501 75.0 22,733 260.02 1.17 725 2,520 1,543 9.66 33.60 20.57 (59) 248 31.4 9.0 14.7 4.0 1.3 12.9

Hemas Holdings HHL.N0000 M 36.90 11,141 515.3 19,014 21.62 1.71 1,210 1,209 1,439 2.35 2.35 2.79 34 (0) 15.7 15.7 13.2 0.5 1.4 10.9

John Kee l l s Hol di ngs JKH.N0000 M 285.00 76,368 857.5 244,378 89.06 3.20 8,246 9,775 11,065 9.62 11.40 12.90 59 19 29.6 25.0 22.1 3.5 1.2 12.8

Ri chard Pe iris RICH.N0000 M 7.40 7,489 1,939.2 14,350 3.86 1.92 1,681 2,340 2,053 0.87 1.21 1.06 190 39 8.5 6.1 7.0 0.7 9.5 31.2

Softl ogi c Holdings SHL.N0000 M 11.80 8,086 779.0 9,192 10.38 1.14 829 494 215 1.06 0.63 0.28 438 (40) 11.1 18.6 42.7 0.3 2.5 6.1

Va ll ibe l On e VONE.N0000 M Buy 1 9. 80 3 0, 84 6 1 ,0 86 .6 2 1, 51 4 2 8. 39 0. 70 5 79 2 ,0 25 1 ,6 95 2 ,3 23 2, 21 5 0 .5 3 1 .8 6 1 .5 6 2 .1 4 2 .04 2 50 (16) 37 37.2 10.6 12.7 9.3 9.7 0.3 1.5 6.6

Sample Sector (10) 233,744 7 ,992.9 512,602 2 9.24 2 .19 22,757 3 0,103 27,620 2.85 3.77 3.46 53 32 22.5 17.0 18.6 12.9

Full Sector (18) 556,579 2.05 16.9

Healthcare

As i ri Hos pita l Hold. ASIR.N0000 M 15.60 7,111 1,099.1 17,146 6.47 2.41 191 440 609 0.17 0.40 0.55 3 130 89.9 39.0 28.2 0.3 1.6 6.2

Na wa loka Hos pi ta ls NHL.N0000 M 3.30 3,583 1,409.5 4,651 2.54 1.30 1,071 275 504 0.76 0.20 0.36 999 (74) 4.3 16.9 9.2 0.1 1.5 7.7

La nka Hos pi ta l s LHCL.N0000 D 42.00 27,164 223.7 9,397 121.41 0.35 289 4 24 3 84 384 1.29 1.89 1.72 3,892 46 32.5 22.2 24.5 0.5 1.2 1.6

Sample Sector (3) 37,858 2,732.3 31,194 13.86 0.82 1,551 1,139 1,497 0.57 0.42 0.55 436 (27) 20.1 20.8 3.0

Full Sector (6) 46,310 2.05 13.8

Book

Val.

Share

Cap.

Market

Cap.ROE

(%)

Trailing

DY (%)4Q

Trailing

4Q

Trailing

4Q

Trailing

Earnings EPS EPS Growth (%) PER


12/12


Name Y/E Rec Mkt Price NAVPS P / BV DPS

31-May-13 M ar '1 1 M a r '1 2 Ma r' 13 E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 1 M ar '1 2 M ar '1 3E M ar '1 4E M ar '1 3

( 'Mn ) ( 'M n) ( 'Mn ) D ec '1 0 D e c' 11 D ec '1 2 De c' 13 E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 0 D ec '1 1 D ec '1 2E D ec '1 3E D ec '1 2

Hotels and Travels

Aitken Sp. Ho. Hold. AHUN.N0000 M Buy 79.40 11,713 336.3 26,701 34.83 2.28 1,034 1,395 1,897 2,148 1,534 3.07 4.15 5.64 6.39 4.56 97 35 36 13 25.8 1 9.1 14.1 12.4 17.4 1.0 1.3 11.9

Am aya Le is ure CONN.N0000 M Buy 80.00 2,359 48.0 3,843 49.12 1.63 470 296 344 376 360 9.78 6.16 7.16 7.83 7.50 5 78 (37) 16 9 8.2 13.0 11.2 10.2 10.7 4.0 5.0 12.5

Asian Hotels & Prop. AHPL.N0000 M Buy 76.90 14,803 442.8 34,049 33.43 2.30 1,775 2,151 2,332 2,623 2,565 4.01 4.86 5.27 5.92 5.79 182 21 8 12 19.2 1 5.8 14.6 13.0 13.3 4.0 5.2 14.5

Ke el ls Hote ls KHL.N0000 M 13.30 13,704 1,456.1 19,367 9.41 1.41 524 1,105 1,321 1,496 1,077 0.36 0.76 0.91 1.03 0.74 156 111 20 13 37.0 17.5 14.7 12.9 18.0 0.3 2.3 8.1

Taj TAJ.N0000 M 30.80 2,304 139.6 4,301 16.50 1.87 99 125 246 293 205 0.71 0.89 1.76 2.10 1.47 373 26 97 19 43.3 34.5 17.5 14.7 21.0 0.0 0.0 5.4

Tra ns As ia TRAN.N0000 M 82.10 5,259 200.0 16,420 26.30 3.12 660 631 987 1 ,180 895 3 .30 3.15 4.94 5.90 4.48 533 (4) 57 20 24.9 26.0 16.6 13.9 18.3 2.0 2.4 12.0

Sample Sector (6) 50,143 2,622.9 104,681 19.12 2.09 4,561 5,703 7,127 8,116 5,637 1.74 2 .17 2 .72 3 .09 2.15 205 25 25 14 22.9 18.4 14.7 12.9 18.6 11.4

Full Sector (36) 161,301 1.69 32.5

Land and Property

Co lombo La nd CLND.N0000 D 52.60 3,715 199.9 10,514 18.59 2.83 485 10 16 18 50 2 .43 0.05 0.08 0.09 0.25 20,836 (98) 67 13 21.7 High 657.1 584.1 210.5 0.0 0.0 0.3

O ve rs e as R ea l ity OS EA. N0000 D 20. 70 21, 966 843. 5 17,460 26. 04 0. 79 844 2, 707 1, 644 1, 924 2, 473 1. 00 3. 21 1. 95 2. 28 2. 93 (37) 221 (39) 17 20.7 6.5 10.6 9.1 7.1 0.3 1.4 12.3

Sample Sector (2) 25,682 1,043.4 2 7,974 24.61 1.09 1,330 2,717 1,660 1,942 2,522 1.27 2.60 1.59 1.86 2.42 (1) 104 (39) 17 21.0 10.3 16.9 14.4 11.1 0.9 10.6

Full Sector (18) 44,769 0.98 10.7

Manufacturing

ACL Cables ACL.N0000 M 76.80 5,444 59.9 4,600 90.89 0.84 214 244 637 3.56 4.08 10.64 5,603 15 21.5 18.8 7.2 1.0 1.3 4.5

Gra in El eva to rs GRAN.N0000 D 48.00 2 ,060 60.0 2,880 34.33 1.40 475 388 135 100 133 7.91 6.46 2.24 1.67 2.21 255 ( 18 ) ( 65 ) ( 26 ) 6.1 7.4 21.4 28.8 21.7 0.0 0.0 18.8

Chevron L ubri ca nts L LU B.N0 00 0 D Hold 328. 30 4, 536 120. 0 39,396 37. 80 8. 69 1,501 2, 001 2, 288 2, 575 2, 396 12. 51 1 6. 67 19. 06 2 1. 46 19. 97 0 33 14 13 26. 2 19. 7 17. 2 15. 3 16. 4 11. 0 3. 4 44. 1

Lanka Wal ltile LWL.N0000 M 72.00 4,222 54.6 3,931 77.33 0.93 484 731 646 8.87 13.39 11.84 1 51 8.1 5.4 6.1 4.0 5.6 17.3

Pi ra ma l Gl as s GLAS. N0000 M LT Buy 6.70 3,629 950.1 6,366 3.82 1.75 579 686 724 761 732 0.61 0.72 0.76 0.80 0.77 1,047 19 5 5 11.0 9.3 8.8 8.4 8.7 0.4 5.4 1 8.9

Ro ya l Ce ra mi c RCL.N0000 M LT Buy 106.60 8,213 110.8 11,810 74.13 1.44 1,441 1,958 1,601 1,977 1,654 13.01 17.68 14.45 17.84 14.92 49 36 (18) 23 8.2 6.0 7.4 6.0 7.1 2.0 1.9 23.8

Te xtu re d J ers ey TJ L.N0000 M Buy 12. 00 5, 732 655. 0 7,860 8. 75 1. 37 685 628 1, 017 1, 164 1, 017 1. 05 0. 96 1. 55 1. 78 1. 55 19 (8) 62 14 11.5 12.5 7.7 6.8 7.7 0.7 5.5 11.0

Tokyo Cement TKYO.N0000 M 25.90 6,274 303.8 7,867 20.66 1.25 856 979 511 2.82 3.22 1.68 132 14 9.2 8.0 15.4 1.3 5.0 15.6

Sample Sector (8) 40,110 2,314.1 84,710 17.33 2.11 6,234 7,616 7,725 2.69 3.29 3.34 58 22 13.6 11.1 11.0 3.5 19.0

Full Sector (36) 110,530 1.55 11.5

Motors

Co lo ni al Mo to rs COLO.N0000 M 118.30 2,657 15.2 1,798 174.79 0.68 232 1,163 692 847 15.24 76. 48 45.53 55.75 473 402 (40) 7.8 1.5 2.6 2.1 4.0 3.4 43.8

D ie s el & Mo to r E ng in ee ri ng D IMO. N0000 M 574. 60 7, 671 8. 9 5,100 864. 25 0. 66 2,122 2, 697 1, 868 897 239. 03 303. 87 210. 44 101. 10 755 27 (31) 2.4 1.9 2.7 5.7 40.0 7.0 35.2

U ni te d Mo to rs UML.N0000 M 121.40 6,687 67.3 8,166 99.41 1.22 903 2,275 1,466 2,160 13.42 33. 83 21.79 32.10 522 152 (36) 9.0 3.6 5.6 3.8 6.0 4.9 34.0

Sample Sector (3) 17,016 91.3 15,065 186.28 0.89 3,256 6,135 4,026 3,904 35.65 67.17 44.08 42.74 651 88 (34) 4.6 2.5 3.7 3.9 5.4 36.1

Full Sector (6) 23,999 1.15 7.8

Oil Palms

Buki t Darah BUKI.N0000 M 710.00 31,304 102.0 72,420 306.91 2.31 5,111 5,804 3,820 50.11 56.90 37.45 76 14 14.2 12.5 19.0 3.0 0.4 18.5

Sample Sector (1) 31,304 102.0 72,420 306.91 2.31 5,111 5,804 3,820 50.11 56.90 37.45 76 14 14.2 12.5 19.0 3.0 0.4 18.5

Full Sector (5) 105,328 1.93 35.4

Plantations

Balangoda BALA.N0000 D 31.80 1,462 23.6 752 61.87 0.51 164 25 118 118 6.96 1.08 5.01 101 (85) 4.6 29.6 6.3 0.0 1.7

Horana HOPL.N0000 M 28.20 1,173 25.0 705 46.94 0.60 326 70 204 13.03 2.81 8.17 244 (78) 2.2 10.0 3.5 1.0 6.0

Kegal le KGAL.N0000 M 113.70 3,338 2 5.0 2,843 133.52 0.85 838 681 693 33.51 27.26 27.73 129 (19) 3.4 4.2 4.1 7.5 6.6 20.4

Kelani Val ley KVAL.N0000 D 83.90 2,568 34.0 2,853 75.54 1.11 321 460 584 583 9.43 13.54 17.16 852 44 8.9 6.2 4.9 6.0 7.2 17.9

Kotagala KOTA.N0000 M 56.00 2,811 40.0 2,240 70.27 0.80 668 439 608 16.69 10.97 15.19 107 (34) 3.4 5.1 3.7 2.0 3.6 15.6

Watawala WATA.N0000 M 12.70 3,379 236.7 3,006 14.28 0.89 642 4 13 898 2.71 1.74 3.79 49 (36) 4.7 7.3 3.3 0.4 12.2

Sample Sector (6) 14,732 384.3 12,397 38.34 0.84 2,959 2,089 3,105 7.70 5.44 8.08 136 (29) 4.2 5.9 4.0 14.2

Full Sector (18) 26,161 0.84 4.6

Power and Energy

Lanka IOC LIOC.N0000 M 26.90 12,220 532.5 14,325 22.95 1.17 877 906 2,144 1.65 1.70 4.03 307 3 16.3 15.8 6.7 0.0 7.4

Vall ibel VPEL.N0000 M 6.20 2,108 747.1 4,632 2.82 2.20 422 254 276 0.57 0.34 0.37 2 (40) 11.0 18.2 16.8 0.3 4.0 12.1

Laugfs Gas LGL.N0000 M 30.50 6,486 387.0 11,804 16.76 1.82 853 942 1,196 2.20 2.43 3.09 62 1 1 13.8 12.5 9.9 1.5 4.9 14.5

Sample Sector (3) 20,814 1,666.6 30,761 12.49 1.48 2,151 2,102 3,616 1.29 1.26 2.17 315 (2) 14.3 14.6 8.5 10.1

Full Sector (8) 38,360 1.44 9.8

Telecommunications

D ia lo g Axi ata DI AL.N0000 D 9.50 37,182 8,143.8 77,366 4.57 2.08 5,047 5,354 6,521 7,569 6,030 0.62 0.66 0.80 0.93 0.74 141 6 22 16 15.3 14.5 11.9 10.2 12.8 0.3 3.5 14.4

S ri La nk a Te le co m SLTL.N0000 D 42.50 54,550 1,804.9 76,707 30.22 1.41 3,943 4,781 5,329 5,912 3,739 2.18 2.65 2.95 3.28 2.07 4 02 21 11 11 19.5 16.0 14.4 13.0 20.5 0.9 2.0 8.8

Sample Sector (2) 91,732 9,948.6 154,072 9.22 1.68 8,990 10,135 11,850 13,481 9,769 0.90 1.02 1.19 1.36 0.98 179 13 17 14 17.1 15.2 13.0 11.4 15.8 11.0

Full Sector (2) 154,160 1.68 15.8

Trading

Browns BRWN.N0000 M 124.10 13,782 70.9 8 ,796 194.46 0.64 2 ,188 1,169 224 30.87 16.49 3.16 116 (47) 4.0 7.5 39.2 1.3 1.1 8.5

S in ge r S ri L an ka S IN S. N0000 D 99. 20 4 ,769 125. 2 1 2,421 38. 09 2. 60 668 1,263 1,138 1,148 5.34 10.08 9.17 403 89 18.6 9.8 10.8 6.0 6.0 26.5

Sample Sector (2) 18,551 196.1 21,216 94.61 1.14 2,856 2,432 1,373 14.57 12.40 7.00 149 (15) 7.4 8.7 15.5 13.1

Full Sector (8) 26,758 1.19 16.4

Sample Market (70) 952,656 37,900.3 1,962,996 25.14 2.06 118,282 141,888 151,820 176,111 166,696 3.12 3.74 4.01 4.65 4.40 127 20 7 16 16.6 13.8 12.9 1 1.1 11.8 14.9

Total Market (283) 2,474,183 1.89 15.2

Book

Val.

Share

Cap.

Market

Cap.ROE

(%)

Trailing

DY (%)4Q

Trailing

4Q

Trailing

4Q

Trailing

Earnings EPS EPS Growth (%) PER

Documents

Weekly Plus - 2013 Issue 22 (31.05.2013)