7/30/2019 Daily Trade Journal - 23.05.2013
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p
p
Today's Turnover (LKR mn)
Annual Average Daily Turnover (LKR mn)
Volume (mn)
Annual Average Daily Volume (mn)
Market Capitalization (LKR bn)
Net Foreign Inflow / (Outflow) [LKR mn]
- Foreign Buying (LKR mn)
- Foreign Selling (LKR mn)
YTD Net Foreign Inflow / (Outflow) [LKR bn]
YTD Performance
S&P SL 20 Index
40.6
218.8
12.9
257.4
38.6
Thursday, May 23, 2013
890.6
% ChangePoint ChangeToday
20.3
556.0
0.42 %
0.06 %
2,491.7
ASPI
S&P SL 20 Index
+ 27.23
+ 2.06
6,488.85
3,666.04
ASPI 15.0%
18.8%
Level 23, East Tower, World Trade Centre,
Colombo 01
Tel: +94 11 727 7000,
Fax: +94 11 727 7099
Email: [email protected]
CSE Diary for 23.05.2013ASPI highest since 13 th Oct 2011: The bourse renewed
its previous high for the year as it surged passed the
6500 psychological barrier towards midday but could
not sustain the momentum as it dipped to close with
a gain of 27 points at 6488 the highest closing point
for the year and highest since 13th Oct 2011. The
shortened trading session resulted in lower turnover
and activity while Ceylon Tobacco was identified the
only major contributor to the index.UML leads turnover with single crossing: United Motors
recorded the sole crossing for the day of 1.5mn shares
at LKR115.0 (52-wek high off-board price) taking it to
the No.1 spot of the top turnover list while its on-board
activity was limited. Interest in Overseas Reality further
improved as the counter reached a 52-week high
price of LKR20.0 while closing slightly below at
LKR19.8. Buying sustained in Chevron Lubricants,
Laugfs Gas [Voting] and [NonVoting] while the formerreached a highest ever price of LKR310 while
recording a mid-sized block of 57k.
Heavy interest in selected beverage sector counters:
Strong interest that prevailed in the past few days in
the beverage sector counters Distilleries and Ceylon
Tobacco prevailed today as well as both counters
reached their highest ever closing prices of LKR199.9
and LKR951.5. The former registered a 100k block at
LKR200.0 as both counters gained 1.9% and 4.6%
respectively.Short day brings down retail interest: Retail interest
continued to remain low in line with the turnover
levels, however considerable retail interest was noted
in Overseas Reality, Laugfs Gas and Vallibel One.
Bourse crosses 6,500, butcloses marginally below
7/30/2019 Daily Trade Journal - 23.05.2013
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Statistical Look Up
Treasury Bill (%) 23.05.2013
8.75
9.90
10.86
13.12
Inflation (%) Apr-13 6.4
8.8
All Share Price Index p
S&P SL20 Index p
Turnover (LKR mn)
Turnover (USD mn)Volume (mn shares)
Traded Entities
Market Capitalization (LKR bn)
Foreign Purchases (LKR mn)
Foreign Sales (LKR mn)
Net Foreign Inflow (LKR mn)
Market PER (X)
Market PBV (X)
Market Dividend Yield
SECTOR INDICES
Banks, Finance & Insurance q
Beverage, Food & Tobacco p
Construction & Engineering q
Diversified q
Healthcare q
Hotels & Travels p
Land & Property p
Manufacturing p
Plantation p
Telecom p
4.14%
2.3
1,190.2
85.1
14,253.6
% Change
0.42%2.4
-29.06%
17.5
0.52%
3.18%
0.47%
5.93%
% WoW
ChangeLast Week
3.46%
-79.81%
-96.75%
157.16%
1,275.3
2,481.3
20.5
-70.44%
-70.44%
% WoW
ChangeLast Week
1,881.2
14.9
0.95%
9.76%
0.42%
Today
218.8
2.4
38.6
17.6
6,488.9
0.06%
2,491.7
2.1
257.4
-27.43%
-27.43%-0.98%
-5.24%
4.420.3
235
3,666.0
766.2
6.1
248
556.0
0.42%
-27.77%
-19.47%
Week ending
-2.26%
-65.43%
-6.75%
3.21%
3.81%
3.21%
252
2,414.2
6,287.0
3,531.4
58.6
3.29%
0.00%
356.4
48.0
308.4
Change %
6,461.6
3,664.0
2.1
0.42% 17.0
Pre Day
14,085.7
18,903.9
2,164.9
3,595.2
640.2
1.22%
2,968.3
2,095.5
-0.24%
2.12%
-1.05%
-0.13%
2,931.8
17,588.9
611.7
175.3 174.40.00%175.3
2.1
3,178.9
19,305.4
2,901.1
2,162.1
14,219.8
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 22.05.2013
Today
-4.51
713.2 716.4 -0.45% 713.6 -0.05%
830.9 825.9 0.60% 830.7 0.03%
3,052.6
3,622.0
1.21%
3,639.2
648.0
0.36%3,167.4
5400
5600
5800
6000
6200
6400
6600
Index
ASPI
3100
3200
3300
3400
3500
3600
3700
Index
S&P SL20
0.0
50.0
100.0
150.0
0
1,000
2,000
3,000
4,000
5,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
UNITED MOTORS
OVERSEAS REALTY
CHEVRON
DISTILLERIES
CEYLON TOBACCO
Most Active
Close
293.80
951.50
293.00
990.00
170.00
138.10
716.80
9.70
Volume (mn)
3.0%
Turnover
(LKR)
2.6%
173,281,628
36,329,004
14,996,941
74,284,786
64,092,467
1.51
3.76
0.02
7.0% 173,281,628
74,284,786
3.0%
300.30
199.90
951.50
BLUE DIAMONDS[NON VOTING] 1.50
PANASIAN POWER 2.60
% Change
UNITED MOTORS
PC HOUSE 3.40
2.15
3.76
2.39
3.40
0.00%19.80
0.21
0.180.00%
1.05
0.00%
0.00%
0.00%
1.5%
0.6%
0.3%
Contribution to
Total T/O
3,581,976
0.00%
115.00
6,378,875
3,219,863
2.46
MORISONS [X]
ON'ALLY
Pre Day
0.00%115.00 7.0%1.51
Volume (mn)% Change
7.97%
+ 3.30 10.96%
115.00
CompanyContribution to
Total T/O
148.00
0.1%
0.1%
Turnover
(LKR)
176.40
7.53
1.42
123.50
62.00
175.00
43.00
3,057.35
73.90
224.80
170.00
43.10
715.00
73.50
81.10
32.40
TodayCompany
176.50
CEYLON LEATHER
53.50
24.21
0.2329.48
0.27
171.27
951.17
5.35
Today
7.69%
Turnover
USD ('000)
49.0011.50%
Intraday
Low (LKR)
Turnover
LKR ('000)
2,098.58
675.07
16.62
1.36
900.00
9,662.86
Intraday
High (LKR)
295.00
0.78
148.00
224.00
135.00
196.20
43.80
9.70
% Change
JOHN KEELLS HOLDINGS 32,901
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 400
1.6%
30463
15,897
10.1%
7.2%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.5%
2.9%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
118.75
2,002.00
125.00
98.29
5.43
LOLC
AITKEN SPENCE 138.80
2.4% 287.66
685.38
170.00
136.75127.72
1.081.01
445.00
720.00
9.80
2,037.50
123.90
449.902,040.00
34.00
36,329.00
3.9%
2.3%
1.2%
238
98,053
200
711
4.4%
201.00
63.00
3.2%
199.90
62.70
445.00
3.1%
19.80
0.00%
1.5%
2.2%
Change
- 5.10
- 4.50
- 6.70
- 2.50
% Change
226.00
199.90
951.50
300.30
EQUITY ONE
+ 12.60
TEA SMALLHOLDER
73.70
148.00
Volume
76.51
0.00%
0.00%
16,925
310.80
179.76
16,072 14,996.94
1.3%
Change
289.90
Company% of
Mkt Cap
115.00
Today Pre Day
19.80
2.60
1.50
+ 29.90
DISTILLERIES
2,100
13,618
OVERSEAS REALTY 19.80
Company
181,823
10,840
1,027
SOFTLOGIC FIN
MORISONS
Company Today
1.6%
BIMPUTH FINANCE
LAKE HOUSE PRIN. 112.90 + 12.50 12.45% S M B LEASING 0.90 - 0.10 -10.00%
-7.16%
-7.63%
-9.43%
-7.76%
26.60
170.70
33.40
+ 1.90
Softlogic Equity Research Page | 3.
7/30/2019 Daily Trade Journal - 23.05.2013
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Hemas Holdings PLC
Yuan CIC Holdings PLC
Euro 0
Rupee 0
Yen 0
Ringgit 0
Rouble 0
Riyal 0
Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization
Franc Company
Baht Chemanex PLC
Pound Watawala Plantations PLC
Dollar 0Source: www.cbsl.gov.lk
Global Markets
q
q
q
q
q
q
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) q
Crude Oil (WTI) q
ICE Cotton #2 q
CBOT Wheat p
COMEX Gold p
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
00-Jan-00
09-07-2013
10-07-2013
15-07-2013
00-Jan-00
Description
0.00
0.00
Scrip Dividend 02-07-2013
0
XR Date
00-Jan-00
00-Jan-00
00-Jan-0000-Jan-00
Renunciation
00-Jan-00
0.00
Time*
USd/bu.
83.40
Price
101.59
93.19
USD/bbl.
99.68
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
189.78
0.45
1.00 02-07-2013
01-07-2013
126.29
0.0033.68
Malaysia
4.02
121.67
20.58
2.27
1.22
41.62
India
Currency
162.16
Indicative Rate
23.05.2013
China
Scrip Dividend
Payment DateDPS (LKR) XD Date
6,734.3
Singapore
Switzerland
Thailand
UK
-1.01
-530.8
0.5
2,783.1
129.00
05-07-2013
1/0/1900
4.22
USA
02:28
-106.0
1/0/1900
Change
-1.83%
-1,143.3
03:32
0.25
00-Jan-00
1/0/1900
10-07-2013
03:15
03:16
-1.55%
03:15
Company
03:36
03:15
03:16
0-Jan
0-Jan
03:32
03:32
Time*
03:16
-2.62%
Change %
0.84%
-1.03%
-0.98%
-1.16%
-7.32%
-2.28%
0.56%
-13.8
Change
-0.02%-0.02
0
-1.09
Change %
329.20
USD/t oz.
USD/t oz. -0.23
694.25
-8.85
22.24
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
14,484.0
Value
15,307.2
1,655.4
USD/bbl.
USd/lb.
USd/lb.
AMERICA
5.75
METALS
ENERGY
Commodity
22,730.3
Units
0
-51.9
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
-0.52%
-0.83%
-80.4
Russia
Saudi Arabia
Japan
1,375.00 7.60
Australia
Softlogic Equity Research Page | 4.
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Softlogic Equity Research Page | 5
CSE Announcements
Hemas Holdings [HHL: LKR35.2]: New Employee Share Purchase Scheme2013.
The total number of new shares proposed to be issued by the Companyunder this scheme is 10,000,000 ordinary shares
The share under this scheme will be offered to the eligible employees ata 15% discount on the Volume Weighted Average price of the shares of the
Company taking into consideration all share transactions of the Company during
the thirty 30 market days immediately preceding the grant date.
The Stated Capital of the Company as at date is LKR1,600,603,000 represented by 515,290,620 Ordinaryshares.
The issue of shares under the proposed Employee Share Purchase Scheme is in compliance with the Listing Rules of
the CSE and is subject to the Exchange approving, in principle the issue and listing of shares issued pursuant to such
scheme and obtaining shareholder approval, by way of a Special Resolution at an Extraordinary General Meeting.
CIC Holdings [CIC: LKR70.0, CIC.X: LKR52.0]:Related Party Transaction
Dealings by Directors:
Local News Sri Lanka to re-start refinery on May 24 th: Sri Lanka will re-start its 50,000 barrels per day refinery on May
24, after getting a stock of Omani light crude, petroleum minister Anura Yapa said. The refinery has been hit
by US sanctions prevented Sri Lanka from importing light crude oil from Iran. The refinery has been built and
fine-tuned to operate on Iranian light and Sri Lanka was struggling to find suitable feedstock for the refinery.
"We are testing many types of crude,"Yapa told reporters Wednesday. "But an Omani blend was the best we
could find. But the yield (of light distillates) is still low compared to Iranian light," he said. He said officials
were now testing Nigerian and other crudes to find if they could be used. The refinery was closed earlier this
month after a stock of crude was delayed. Yapa said the shipper had said they were having engine troubled
and could not deliver the stock in time. Yapa also emphasised that since the Sapugaskanda oil refinery had
limited capacity of 50,000 barrels, it needed an upgrade. Yet he also backed plans by the Government to
build a new refinery, saying both measures were needed to meet demand. Moving on to speculation that
the Government would buy back the Trincomalee tank farm from IOC, Yapa stressed that there were no such
moves but that they would work with IOCto ensure optimum use would be made of the facility.
[Source: www.lbo.lk, www.ft.lk]
Cabinet nod for USD800 mn loans: Cabinet approval has been given for nearly USD800 mn worth of projectsto continue the Governments infrastructure development. Acting Cabinet Spokes-man and Petroleum Mini-
ster Anura Priyadarshana Yapa told media that a Memorandum of Understanding would be signed between
the Government and China Development Bank Corporation for USD580 mn to continue infrastructure
Company Name Relationship Transaction Quantity Price(LKR)
Date
Colombo Land & Development [CLND: LKR51.1] Mr. M. U. M Ali Sabry Director Sale 141,921 51.1 22.05.2013
The Li ghthouse Hote l [LHL: LKR48.6] etwi ng Hote ls Management Serv ices ( Pvt) Ltd Common Di rectors Purchase 116,571 48. 9- 50. 0 22. 05.2013
Cargills [CARG: LKR176.4] Anthony A. Page Director Sale 500,000 180.0 22.05.2013
Date of Transaction 01/04/2012-31/03/2013
Name of Related Party Paints & General Industries Ltd
Relationship Major Shareholder of CIC Holdings ( holds 53.31% of Ordinary shares)
Amount Invoiced LKR556.51 mn
Receivable Balance as at end of 31/03/2013 LKR166.51 mn
Terms of Transaction In the normal course of business
Latex constitutes a major raw material for paint manufacture.
CIC supplies latex to Paints & General Industries on credit terms.Rationale for entering into the transaction
7/30/2019 Daily Trade Journal - 23.05.2013
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Softlogic Equity Research Page | 6
projects in 2013. The Cabinet paper, which was presented by President Mahinda Rajapaksa, outlined that
the MoU would be valid for three years and would be used to finance three key projects by the Government.
Road development worth USD300 mn, water supply projects up to USD200 mn and a National School of
Business Management project using up USD80 mn were listed as the main funnelling points for the cash. In
addition Cabinet approved two agreements with the World Bank worth USD205 mn to improve provincial
roads.USD105 mn has been allocated to rehabilitate Hulandawa-Kahambana Road in the Uva province. The
distance of 14.5 km will be built by Consulting Engineers and Contractors for an amount of LKR742 mn.[Source: www.ft.lk]
Emirates to increase flights from Colombo next month: Emirates will increase capacity on its services toColombo from 30 June 2013, with the addition of three more flights per week, the airline announced
yesterday. The addition of three more services, which will operate between Dubai and Colombo on
Mondays, Thursdays and Sundays, will increase the number of flights between the two cities to four each
day on those days, and take the total number of weekly Emirates flights serving Colombo to 31. The
additional Colombo-Dubai flight EK 655 will depart Colombo at 1410hrs and arrive in Dubai at 1655 hrs. The
returning Dubai-Colombo flight EK 654 will depart Dubai at 0645 hrs and arrive in Colombo at 1245 hrs. The
increase in capacity to Colombo demonstrates Emirates continuing commitment to the destination, said
Chandana de Silva, Emirates Area Manager for Sri Lanka and Maldives. [Source: www.ft.lk]
HNBs first Green Bank building in Northern Province: Hatton National Bank [HNB: LKR170.0, HNB.X:LKR125.2] recently opened a state-of-the-art green bank building in Jaffna. This is the first green bank
building to be opened in the Northern Region and is the second such building built by HNB. The bank is the
first Sri Lankan bank to open a green bank building in Nittambuwa in 2011. The new five-story building in
Jaffna is an environmentally friendly design and construction maximising resource efficiency throughout its
life cycle. The building is equipped with systems for solar power usage for lighting, rain water harvesting
systems with treated waste water usage for landscaping, vertical landscaping systems to minimise glare and
an automated louvre system, to minimise glare, sunlight and heat along with an intelligent air conditioning
system. The building also has an advance BMS (Building Management System) through which the energy
efficiency is monitored at a central point.
[Source: www.ft.lk]
SL banking sector stable due to being strongly capitalized: Sri Lankas banking and financial sectors werestable because they were strongly capitalized, having ample funds for lending and helping the sector to
perform well during the recent past, Chief Executive Officer - Multi Finance [MFL :LKR27.2] Ajith Perera
said. It was quite visible that our banking and financial sectors were strong due to the prudent risk
management system that was in place than any other sector in the country. Therefore, most banks and
financial institutes have performed well during the recent past, he said. He said that despite all challenges
they were able to survive in the business by going for different strategies to tap the untapped markets in the
business. At present, the companys co businesses are leasing, higher purchasing, short to medium term
lending, micro financing and trade financing, he said. Due to our prudent risk management system, we were
able to survive highly regularized businesses in the country, which focuses on satisfying the customer
exceptionally,Perera said.
[Source: www.dailynews.lk]
Global News IMF: UK 'long way from recovery': The UK economy is still a long way from "a strong and sustainable
recovery", the International Monetary Fund (IMF) has warned. In its concluding statement on its mission to
the UK, the IMF said austerity measures were acting as a drag on the economy. The government could do
more to offset the negative impact of austerity with infrastructure spending, it said. George Osborne said
the UK would not "duck its economic challenges". The IMF acknowledged that the UK's austerity programme
had earned the government international credibility. But speaking at a press conference in London, its
deputy managing director, David Lipton, said the view of the IMF was that the UK should consider slowing
7/30/2019 Daily Trade Journal - 23.05.2013
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Softlogic Equity Research Page | 7
the pace of cuts. "It would be, in our view, useful for the economy for infrastructure and other measures to be
brought forward to reduce the drag of austerity measures and provide more support for the economy,"he
said.
[Source: www.bbc.co.uk]
Singapores Expansion Reduces Pressure to Ease Policy: Singapores economy unexpectedly expanded lastquarter as services and construction strengthened, reducing pressure on the central bank to ease monetarypolicy to boost growth. Gross Domestic Product rose an annualized 1.8% in the three months through March
from the previous quarter, when it grew 3.3%, the Trade Ministry said in a statement today, revising an
earlier estimate for a 1.4% contraction last quarter. The median in a Bloomberg News survey was for a 1.2%
decline. Theres very little slack in most Asian economies so as the recovery starts to take hold during the
second half of the year, this slack would very quickly evaporate and that would begin to build up underlying
inflation pressures,said Leif Eskesen, chief economist for India and Southeast Asia at HSBC Holdings Plc in
Singapore. We do expect some central bank action on that front.
[Source: www.bloomberg.com]
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