Weekly Plus - 2013 Issue 22 (31.05.2013)

2013
Issue 22
Week Ending 31-05-2013
Weekly Market Wrap Up

Stat Page
Weekly Stock Trends
S&P SL20 Watch
Pg 02
Pg 03
Pg 04
Local Economy in Brief

Currency Moves
Inflation & Interest Rates
Colombo Tea Auction
Tourism
Pg 05
Pg 06
Pg 06
Pg 06
Global Market
Equity Market Outlook
Global Commodity Trend
Pg 07
Pg 08
Research Chat:
Piramal Glass - 4QFY13 EARNINGS SNAPSHOT
Our Core Coverage
Pg 09- Pg 10
Pg 11- Pg 12
Weekly Stat Page

Weekly Market Statistics
Weekly Turnover and Volume
Daily Index Movement

12,000
350
6,400
10,000
300
6,200
8,000
6,000
5,800
250
200
6,000
150
4,000
100
2,000
5,600
('Mn)
LKR ('Mn)
6,600
0
10-May
ASPI
17-May
Turnover (LHS)
24-May
31-May
Volume (RHS)
Weekly Foreign Purchases and Sales
Daily Foreign Activity

70%
60%
Net Foreign 664
1588
1905
Linear (Foreign Activity)
JKH
COMMERCIAL BANK (+)
LANKA FLOORTILES
OVERSEAS REALTY (+)
CEYLON TOBACCO (+)
17-May
Foreign Buying
Growth in Growth in
Value
Foreign Decline in Foreign Holding
LKR 'mn
Holding
166.1
139.0
124.4
50.3
27.7
0.12%
0.42%
142.49%
0.34%
0.02%
Current Previous
1,067.6
2,486.8
493.7
582.3
573.9
1,904.5
15%
38%
WoW %
-57.1%
-15.2%
-69.9%
-62.0%
Current Previous
17.5
17.6
2.4
2.4
2.1
2.1
WoW %
-0.4%
-0.4%
0.0%
Weekly Sector Statistics

24-May
31-May
Foreign Sales
Change in Foreign Holding

Growth in Foreign Holding
LKR ('mn)
Foreign Purchases
Foreign Sales
Net Foreign Inflow
Foreign Participation
PER
PBV
DY
10-May
Foreign Activity
Weekly Foreign Flow
Weekly Market Valuations
LKR ('Mn)
30%
20%
10%
0%
WoW %
-0.4%
-0.5%
13.4%
61.5%
-0.4%
574
3,500
3,000
2,500
2,000
1,500
1,000
500
0
50%
40%
ASPI
S&P SL20
Turnover (LKR 'bn)
Volume ('mn)
Market Cap. (LKR 'bn)
50
Current Previous
6463.06
6488.85
3646.32
3666.04
5,442.0
4,799.5
200.6
124.2
2,481.8
2,491.7
AITKEN SPENCE
ACCESS ENG SL
NATION LANKA
EXPOLANKA
ENVI. RESOURCES
Decline in
Value
LKR 'mn
-31.9
-24.3
-10.2
-10.2
-8.3
Decline in
Foreign
Holding
-0.13%
-11.20%
-22.38%
-2.0%
-0.36%
BANKS FINANCE & INS.

BEV. FOOD & TOBACCO
CHEM. & PHARMA.
CONS. & ENG.
DIVERSIFIED
HEALTH CARE
HOTELS & TRAVELS
LAND & PROPERTY
MANUFACTURING
MOTORS
PLANTATIONS
TELECOM
Current Previous
12,174.2 12,051.5
15,675.1 15,397.6
7,167.8
6,934.3
2,610.9
2,580.3
1,821.1
1,796.8
582.1
575.6
3,554.3
3,493.7
506.0
490.4
2,606.0
2,576.4
15,430.7 15,058.4
808.2
800.8
163.5
161.4
WoW %
1.0%
1.8%
3.4%
1.2%
1.4%
1.1%
1.7%
3.2%
1.2%
2.5%
0.9%
1.3%
Page | 2
Weekly Stock Trends

Weekly Top Gainers
Company
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
CEYLON PRINTERS
1,799.00
1,450.00
24.07%
1,799.00
1,799.00
1,799
3,270.00
225.00
GOOD HOPE
1,338.00
1,100.00
21.64%
1,338.00
1,300.00
2,638
1,560.00
1,100.00
347.60
289.90
19.90%
358.80
270.00
4,337,839
1,583,950,506
358.80
150.00
83.40
69.80
19.48%
99.80
70.00
3,260
269,338
110.90
43.00
202.90
170.70
18.86%
221.00
152.00
1,067,438
227,642,702
221.00
89.60
MORISONS
HUEJAY
MORISONS[NON VOTING]
Weekly Top Losers

Company
G S FINANCE
Current
Previous
WoW %
High
Low
Volume
Turnover
52 High
52 Low
537.60
670.00
-19.76%
675.00
535.10
102
61,072
1,500.00
200.00
74.00
87.70
-15.62%
85.40
65.30
20,555
1,527,564
120.00
60.00
2.10
2.40
-12.50%
2.40
2.00
4,632,923
10,103,765
11.80
2.00
AGALAWATTE
30.40
34.50
-11.88%
34.50
30.10
17,718
571,822
41.80
26.60
BIMPUTH FINANCE
24.10
26.60
-9.40%
27.20
24.00
20,480
540,695
39.80
13.20
52 High
52 Low
MIRAMAR
CIFL
Weekly Top Performers

Company
Current
Previous
WoW %
High
Low
Volume
Turnover
MORISONS
347.60
289.90
19.90%
358.80
270.00
4,337,839
1,583,950,506
358.80
150.00
JKH
285.00
293.80
-3.00%
294.90
284.50
1,124,175
324,365,972
299.80
172.00
CHEVRON
328.30
300.30
9.32%
332.90
306.00
909,208
289,187,682
332.90
160.00
11.40
10.10
12.87%
12.10
9.90
21,135,830
236,373,961
15.90
7.00
202.90
170.70
18.86%
221.00
152.00
1,067,438
227,642,702
221.00
89.60
Volume
Turnover
52 High
52 Low
NATION LANKA
MORISONS[NON VOTING]
Weekly Top Volume

Company
NATION LANKA
Current
Previous
WoW %
High
Low
11.40
10.10
12.87%
12.10
9.90
21,135,830
236,373,961
15.90
7.00
PANASIAN POWER
2.70
2.60
3.85%
2.80
2.50
15,295,857
41,180,600
3.30
2.00
ENVI. RESOURCES
16.20
16.70
-2.99%
17.00
16.00
9,370,403
156,698,303
19.80
11.30
BLUE DIAMONDS[NON VOTING] 1.50
1.50
0.00%
1.60
1.40
7,983,557
11,426,825
2.40
1.40
19.80
4.55%
21.30
19.40
7,567,615
154,569,804
21.30
11.50
OVERSEAS REALTY
20.70
Page | 3
S & P SL20 Debrief
Announcements
DIVIDENDS
Daily Index Movement
Company
3,700
3,600
3,500
3,400
3,300
3,200
Dividend (LKR)
5.00
03-06-2013
11-06-2013
Union Chemicals Lanka
5.00
03-06-2013
11-06-2013
Union Bank of Colombo
0.35
03-06-2013
12-06-2013
TeaSmallholder Factories
1.00
05-06-2013
14-06-2013
Asian Hotels &Properties
3.00
05-06-2013
14-06-2013
John Keells
3.50
06-06-2013
17-06-2013
John Keells Holdings
1.50
06-06-2013
17-06-2013
Keells Food Products
2.00
06-06-2013
17-06-2013
RIGHTS ISSUE
Current
285.00
123.30
710.00
169.90
441.90
223.00
985.40
144.90
134.00
176.90
145.00
203.40
303.10
328.30
9.50
177.40
79.40
2,000.70
76.90
42.50
Previous
293.80
123.90
716.80
170.00
445.00
224.80
951.50
148.00
138.10
175.10
150.40
199.90
317.80
300.30
9.70
176.40
79.00
2,037.50
73.70
43.10
Proportion
XR Date
Renunciation
01 for 04 @ LKR18.0
Delayed
Delayed
###
###
###
###
Company
Proportion
EGM Date
XD Date
Chemanex PLC
0-Jan-1900
02-07-2013
10-07-2013
Watawala Plantations PLC
0-Jan-1900
05-07-2013
15-07-2013
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
XC Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
0-Jan-1900
Proportion
EGM Date
Trading Date
0-Jan-1900
0-Jan-1900
Pelwatte Sugar
S&P SL20
S&P SL20 Companies
Payment
Sansa Development Bank
Company
JOHN KEELLS HOLDINGS

COMMERCIAL BANK
THE BUKIT DARAH
HATTON NATIONAL BANK
CARSONS CUMBERBATCH
SAMPATH BANK
CEYLON TOBACCO COMPANY
DFCC BANK
AITKEN SPENCE
NATIONAL DEVELOPMENT BANK
C T HOLDINGS
DISTILLERIES
HAYLEYS
CHEVRON LUBRICANTS LANKA
DIALOG AXIATA
CARGILLS (CEYLON)
AITKEN SPENCE HOTEL HOLDINGS
NESTLE LANKA
ASIAN HOTELS & PROPERTIES
SRI LANKA TELECOM
XD Date
WoW %
-3.00%
-0.48%
-0.95%
-0.06%
-0.70%
-0.80%
3.56%
-2.09%
-2.97%
1.03%
-3.59%
1.75%
-4.63%
9.32%
-2.06%
0.57%
0.51%
-1.81%
4.34%
-1.39%
Turnover
324,365,972
184,004,565
18,232,768
5,297,261
21,180,753
37,211,736
85,853,602
3,983,654
38,500,223
89,469,421
2,382,602
89,539,381
7,003,940
289,187,682
20,328,102
3,317,083
2,764,847
6,514,100
4,566,833
1,274,804
SCRIP DIVIDEND
0-Jan-1900
CAPITALIZATION OF RESERVES
Company
SUBDIVISION OF SHARES
Company
CONSOLIDATION OF SHARES
Company
Page | 4
Local Economy
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.
CURRENCY MOVES
LKR
128
127
127
126
126
125
125
124
USD : LKR
LKR
1.40
Japanese Yen : LKR
1.35
1.30
1.25
1.20
1.15
LKR
168
EURO : LKR
166
164
162
160
158
LKR
104
103
102
101
100
99
98
Singapore Dollar : LKR
LKR
198
196
194
192
190
188
186
184
LKR
2.40
GBP : LKR
Indian Rupee : LKR
2.35
2.30
2.25
2.20
2.15
Page | 5
Local Economy
BALANCE OF TRADE
TOURISM
Balance of Trade
Tourist Arrivals
140,000
120,000
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
100,000
80,000
60,000
40,000
20,000
Jan
Exports
Imports
Balance of Trade
Mar-13
Exports
Imports
Balance of Trade
Feb-13
798
1,433
-636
MoM %
5%
8%
-11%
Mar-12
857
1,736
-879
Apr
May
Jun
2011
Jul
Aug
2012
Sep
Oct
Dec
Apr-13
2013
79,829
368,627
Apr-13
YTD
Nov
2013
For the Month Ending:
YoY %
-2%
-11%
20%
INFLATION & INTEREST RATE
2012 Change %
69,591
15%
330,116
12%
COLOMBO TEA AUCTION STATISTICS
Inflation and Treasury Bill Rate
14%
Mar
2010

Mar-13
837
1,541
-704
Feb
Elevation
12%
10%
High Grown
Mid Grown
Low Grown
Total
8%
6%
4%
Sale of
21-May-13
340.31
375.50
459.91
419.39
Sale of
15-May-13
350.76
382.39
468.00
423.23
WoW %
-2.98%
-1.80%
-1.73%
-0.91%
Corres. 2012
345.81
327.22
418.34
387.85
WoW %
0.00%
0.00%
Sale of
05-Mar-13
365.00
365.00
YoY %
-1.59%
14.75%
9.94%
8.13%
2%
May-12
1-Yr T-Bill
Jul-12
Sep-12
Point to Point
Nov-12
Jan-13

Point to Point
Annual Average Change
1-Yr T-Bill
Mar-13
Annual Average Change
May-13
COLOMBO RUBBER AUCTION STATISTICS
May-2013
Apr-13
6.4%
8.8%
11.33%
May-13
7.3%
8.8%
10.86%
Basis Points
-90
0
47
Sale of
21-May-13
RSS 1
390.00
Brown Crepe 1X
389.00
Elevation
Sale of
07-May-13
390.00
389.00
WoW %
6.85%
6.58%
Page | 6
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.
EQUITY MARKET OUTLOOK
Index
15,500
Dow Jones Industrial Average
Index
1,700
S&P 500 Index
Index
2,900
1,650
2,800
1,600
2,700
1,550
2,600
14,000
1,500
2,500
13,500
1,450
2,400
15,000
14,500
Index
7,000
6,800
6,600
6,400
6,200
6,000
5,800
FTSE 100 Index
Index
17,000
15,000
13,000
11,000
9,000
7,000
Nikkei 225
Index
24,000
23,500
23,000
22,500
22,000
21,500
21,000
20,500
EURO STOXX 50 Price EUR
Hong Kong Hang Seng Index
Page | 7
Global Markets
GLOBAL COMMODITY TREND
USD/bbl
100
WTI CRUDE FUTURE
USD/t oz.
1,700
GOLD 100 OZ FUTURE
1,600
95
320
1,400
85
1,300
300
80
1,200
280
USd/lb.
95
90
85
80
75
70
COTTON NO.2 FUTURE
USd/bu.
760
740
720
700
680
660
640
620
COPPER FUTURE
340
1,500
90
USd/lb.
360
WHEAT FUTURE(CBT)
Commodity
WTI Crude
USD/bbl
Gold
Copper
USD/t oz.
USd/lb.
Cotton
Wheat
USd/lb.
USd/bu.
This
Week
Last
Week
WoW
Change
93.23
93.58
-0.4%
1,411.50
329.75
1,391.90
330.25
1.4%
-0.2%
80.18
694.75
81.49
697.50
-1.6%
-0.4%
Page | 8
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.
Softlogic Equity Research
Page | 9
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.
YEAR END 31st March

Revenue (LKR mn)
Net Profit (LKR mn)
EPS (LKR)
YoY % Growth
PER (X)
PEG (X)
DPS (LKR)
Div Yield (%)
BVPS (LKR)
PBV (X)
FY10
3,519
(61)
(0.1)
77%
(102.6)
N/A
FY11
4,163
579
0.6
1047%
10.8
1.0
FY12
5,120
686
0.7
19%
9.1
49.0
FY13
5,501
724
0.8
6%
8.7
156.7
FY14E
6,083
761
0.8
5%
8.2
163.3
FY15E
6,808
813
0.9
7%
7.7
111.7
2.3
2.8
0.30
4.5%
2.9
2.2
0.36
5.4%
3.4
1.9
0.38
5.7%
3.8
1.7
0.39
6.0%
4.2
1.6
0.42
6.4%
4.7
1.4
Considering GLASs energy intensive cost parameter and the significant hit on its energy bill stemming in from 1QFY14 coupled with 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 a Long Term Buy.
Page | 10
Name
Y/E
Rec
Mkt Price
Book
Share
Market
31-May-13
Val.
('Mn)
Cap.
('Mn)
Cap.
('Mn)
NAVPS
Earnings
P / BV
EPS
EPS Growth (%)
Mar'11
Mar'12
Mar'13E
Mar'14E
4Q
Mar'11
Mar'12
Mar'13E Mar'14E
Dec'10
Dec'11
Dec'12
Dec'13E
Trailing
Dec'10
Dec'11
Dec'12E Dec'13E Trailing
2,987
17.42
25.51
1,900
36.41
51.95
4Q
PER
DPS
Mar'11
Mar'12 Mar'13E Mar'14E
Mar'11 Mar'12 Mar'13E Mar'14E
Dec'10
Dec'11 Dec'12E Dec'13E
Dec'10 Dec'11 Dec'12E Dec'13E Trailing
4Q
Mar'13
Dec'12
Trailing
ROE
DY (%)
(%)
Banking, Finance & Insurance

Centra l Fi na nce
CFIN.N0000
Ceyl i nco Ins ura nce
CINS.N0000
Commerci a l Ba nk
COMB.N0000 D
Commerci a l Ba nk [X]
COMB.X0000
DFCC Ba nk
Buy
190.00
15,406
104.9
19,928 146.89
1.29
1,827
2,675
1,044.50
13,019
26.4
27,590 492.87
2.12
962
1,372
Buy
123.30
52,833
848.6
104,633
62.26
1.98
5,508
8,048
10,080
11,806
10,056
6.49
9.48
11.88
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
DFCC.N0000
MTB
144.90
26,901
265.1
38,413 101.48
1.43
5,090
2,900
3,078
3,453
3,062
19.20
Ha tton Na ti ona l Ba nk
HNB.N0000
Buy
169.90
45,668
398.1
67,632 114.73
1.48
4,787
6,149
8,111
9,594
8,086
Ha tton Na ti ona l Ba nk [X]
HNB.X0000
Buy
127.00
45,668
398.1
50,555 114.73
1.11
4,787
6,149
8,111
9,594
La nka Ori x Lea s i ng Compa ny LOLC.N0000
60.70
20,745
475.2
28,845
43.65
1.39
3,840
6,379
LB Fi na nce
LFIN.N0000
Buy
129.90
4,907
69.3
8,997
70.85
1.83
1,020
1,625
1,826
Na ti ona l Devel opment Ba nk NDB.N0000
Buy
176.90
24,928
164.2
29,047 151.81
1.17
2,150
2,706
Na ti ons Trus t Ba nk
NTB.N0000
Buy
67.00
10,095
230.6
15,451
43.78
1.53
1,084
Pa n As i a Ba nk
PABC.N0000
Buy
21.00
4,142
295.0
6,196
14.04
1.50
Peopl e's Lea s i ng
PLC.N0000
Buy
14.90
18,370
1,579.9
23,540
11.63
Sa mpa th Ba nk
SAMP.N0000
Buy
223.00
25,446
167.8
Seyl a n Ba nk
SEYB.N0000
70.30
19,775
La nka Ori x Fi na nce
LOFC.N0000
3.40
Sample Sector (16)
28.47
75
46
71.94
40
43
13.91
11.85
31
46
25
11.88
13.91
11.85
31
46
10.94
11.61
13.02
11.55
97
12.02
15.45
20.38
24.10
20.31
8,086
12.02
15.45
20.38
24.10
3,768
8.08
13.42
2,231
1,792
14.73
23.46
26.37
8,854
3,533
8,874
13.09
16.48
1,534
1,951
2,455
1,915
4.70
362
824
811
859
811
1.28
2,605
4,503
2,691
3,015
37,410 151.68
1.47
3,484
4,151
5,212
5,636
345.0
24,251
57.32
1.23
1,207
1,006
2,063
5,355
2,800.0
9,520
1.91
1.78
1,246
1,246
903
287,590
7,770.0
441,450
37.01
1.53
35,172
45,118
Full Sector (60)
584,001
3,131
3,887
958
29.86
37.06
10.9
7.4
28.7
20.1
17
19.0
13.0
10.4
25
17
15.2
10.4
(43)
12
7.5
28
32
18
20.31
28
32
18
7.93
109
66
32.21
25.87
104
59
12
53.92
21.52
54.04
26
6.65
8.46
10.65
8.31
58
1.23
2.79
2.75
2.91
2.75
3,193
1.65
2.85
1.70
1.91
5,212
20.77
24.74
31.07
33.60
2,166
3.50
2.92
5.98
1,234
0.45
0.44
0.32
73,197
4.53
5.81
0.34
17
24
6.7
1.7
0.9
17.4
14.5
12.5
1.2
10.5
8.9
10.4
4.5
3.6
15.2
8.3
7.1
8.3
4.5
4.6
15.2
13.2
12.5
11.1
12.5
5.0
3.5
10.8
14.1
11.0
8.3
7.0
8.4
8.5
5.0
13.5
10.6
8.2
6.2
5.3
6.3
8.5
6.7
13.5
7.5
4.5
7.7
0.5
0.8
30.8
22
8.8
5.5
4.9
4.0
5.0
5.0
3.8
33.1
227
(60)
13.5
10.7
3.3
8.2
3.3
15.0
8.5
10.9
41
27
26
14.3
10.1
7.9
6.3
8.1
2.1
3.1
15.2
(7)
128
(2)
17.1
7.5
7.6
7.2
7.6
1.0
4.8
19.9
2.02
126
73
(40)
12
9.0
5.2
8.7
7.8
7.4
0.8
5.0
24.5
31.07
68
19
26
10.7
9.0
7.2
6.6
7.2
6.0
2.7
16.3
6.28
117
(17)
105
20.1
24.1
11.8
11.2
1.0
1.4
5.1
0.44
1,229
(0)
(28)
7.6
7.6
10.5
7.7
23.3
9.42
57
28
12.6
9.8
6.4
5.1
9.9
6.0
1.60
15.7
10.8
Beverage, Food and Tobacco

Ca rgi l l s
CARG.N0000
177.40
7,793
224.0
39,738
Ceyl on Toba cco Compa ny
CTC.N0000
985.40
3,660
187.3
184,589
Di s ti l l eri es
DIST.N0000
203.40
40,723
300.0
61,020 135.74
Li on Brewery
LION.N0000
419.90
5,679
80.0
33,592
Nes tl e (La nka )
NEST.N0000
2,000.70
3,775
53.7
61,630
845.0
Buy
Sample Sector (5)

Full Sector (20)
34.79
5.10
1,089
1,079
704
1,315
776
4.86
4.82
3.14
5.87
3.46
54
(1)
(35)
87
36.5
36.8
56.5
30.2
51.2
2.0
1.1
13.8
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
36.2
28.1
22.6
21.3
22.6
45.2
4.6
179.5
1.50
8,124
5,982
6,109
7,643
7,409
27.08
19.94
20.36
25.48
24.70
186
(26)
25
8.0
5.91
1,013
1,262
1,046
1,001
12.67
15.78
13.07
12.51
58
25
(17)
107,489
70.27 28.47
1,891
2,633
2,994
3,281
2,994
35.19
49.01
55.73
61.07
55.73
20
39
14
426,427
72.93
17,214
17,525
19,028
20,924
20,332
20.37
20.74
22.52
24.76
24.06
74
70.99
485,051
6.92
7.5
10.2
10.0
33.1
26.6
32.1
10
56.9
40.8
35.9
10
24.8
24.3
22.4
8.2
3.0
1.5
14.7
33.6
4.0
1.0
22.2
32.8
35.9
54.0
2.7
69.8
20.4
21.0
5.18
28.4
24.5
Chemicals & Pharmaceuticals

CIC Hol di ngs
CIC.N0000
75.00
7,291
94.8
7,108
76.93
0.97
929
916
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
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
11,343
118.8
0.98
2,060
1,469
605
17.34
12.37
5.09
121
(29)
5.4
7.6
18.4
Sample Sector (2)

Full Sector (10)
11,140
95.51
21,859
1.12
12.9
13.5
Construction & Engineering

Col ombo Dockya rd
DOCK.N0000
235.00
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
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
20,371
1.36
Full Sector (4)
8.0
3.4
17.3
17.3
6.2
Diversified Holdings
Ai tken Spence
SPEN.N0000
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
CT Hol di ngs
CTHR.N0000
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
Ca rs ons Cumberba tch
CARS.N0000
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
Expol a nka Hol di ngs
EXPO.N0000
7.00
8,884
1,954.9
13,684
Ha yl eys
HAYL.N0000
303.10
19,501
75.0
Hema s Hol di ngs
HHL.N0000
36.90
11,141
John Keel l s Hol di ngs
JKH.N0000
285.00
Ri cha rd Pei ri s
RICH.N0000
Softl ogi c Hol di ngs
SHL.N0000
Va l l i bel One
VONE.N0000
LTB
Buy
4.54
1.54
1,547
1,055
1,070
0.79
0.54
0.55
199
(32)
8.8
13.0
12.8
0.1
1.7
11.9
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
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
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
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
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
19.80
30,846
1,086.6
21,514
28.39
0.70
579
2,025
2,215
0.53
1.86
37.2
10.6
9.7
0.3
1.5
233,744
7,992.9
512,602
29.24
2.19
22,757
30,103
27,620
2.85
3.77
22.5
17.0
Sample Sector (10)

Full Sector (18)
556,579
1,264
1,695
1,802
2,323
0.65
1.56
0.92
2.14
2.04
3.46
250
53
32
20
(16)
43
37
2.05
10.8
12.7
7.6
14.0
9.3
18.6
6.6
12.9
16.9
Healthcare
As i ri Hos pi ta l Hol d.
ASIR.N0000
15.60
7,111
1,099.1
17,146
6.47
2.41
191
440
609
0.17
0.40
0.55
130
89.9
39.0
28.2
0.3
1.6
6.2
Na wa l oka Hos pi ta l s
NHL.N0000
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
42.00
27,164
223.7
9,397 121.41
0.35
289
424
384
1.29
1.89
1.72
3,892
46
32.5
22.2
24.5
0.5
1.2
1.6
37,858
2,732.3
0.82
1,551
1,139
1,497
0.57
0.42
0.55
436
(27)
20.1
Sample Sector (3)

Full Sector (6)
31,194
46,310
13.86
2.05
384
20.8
13.8
3.0
Page | 11
Name
Y/E
Rec
Mkt Price
Book
Share
Market
31-May-13
Val.
Cap.
Cap.
Mar'11
Mar'12
Mar'13E
Mar'14E
4Q
Mar'11
Mar'12
Mar'13E Mar'14E
4Q
Mar'11
Mar'12
Mar'13E Mar'14E
Mar'11 Mar'12 Mar'13E Mar'14E
4Q
Mar'13
('Mn)
('Mn)
('Mn)
Dec'10
Dec'11
Dec'12
Dec'13E
Trailing
Dec'10
Dec'11
Dec'12E Dec'13E
Trailing
Dec'10
Dec'11
Dec'12E Dec'13E
Dec'10 Dec'11 Dec'12E Dec'13E
Trailing
Dec'12
NAVPS
Earnings
P / BV
EPS
EPS Growth (%)
PER
DPS
Trailing
ROE
DY (%)
(%)
Hotels and Travels

Ai tken Sp. Ho. Hol d.
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
19.1
14.1
12.4
17.4
1.0
1.3
11.9
Ama ya Lei s ure
CONN.N0000
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
578
(37)
16
8.2
13.0
11.2
10.2
10.7
4.0
5.0
12.5
As i a n Hotel s & Prop.
AHPL.N0000
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
12
19.2
15.8
14.6
13.0
13.3
4.0
5.2
14.5
Keel l s Hotel s
KHL.N0000
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
Ta j
TAJ.N0000
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 i a
TRAN.N0000
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
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
Sample Sector (6)

Full Sector (36)
161,301
1.69
11.4
32.5
Land and Property

Col ombo La nd
CLND.N0000
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
Hi gh
657.1
584.1
210.5
0.0
0.0
0.3
Overs ea s Rea l i ty
OSEA.N0000
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
25,682
1,043.4
27,974
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
Sample Sector (2)

Full Sector (18)
44,769
0.98
10.7
Manufacturing
ACL Ca bl es
ACL.N0000
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 i n El eva tors
GRAN.N0000
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 Lubri ca nts
LLUB.N0000
328.30
4,536
120.0
39,396
37.80
8.69
1,501
2,001
2,288
2,575
2,396
12.51
16.67
19.06
21.46
19.97
33
14
13
26.2
19.7
17.2
15.3
16.4
11.0
3.4
44.1
La nka Wa l l ti l e
LWL.N0000
72.00
4,222
54.6
3,931
77.33
0.93
484
731
646
8.87
13.39
11.84
51
8.1
5.4
6.1
4.0
5.6
17.3
Pi ra ma l Gl a s s
GLAS.N0000
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
11.0
9.3
8.8
8.4
8.7
0.4
5.4
18.9
Roya l Cera mi c
RCL.N0000
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
Textured Jers ey
TJL.N0000
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
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
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
Hold
Sample Sector (8)

Full Sector (36)
110,530
1.55
11.5
Motors
Col oni a l Motors
COLO.N0000
118.30
2,657
15.2
1,798 174.79
0.68
232
1,163
692
Di es el & Motor Engi neeri ng
DIMO.N0000
574.60
7,671
8.9
5,100 864.25
0.66
2,122
2,697
1,868
Uni ted Motors
UML.N0000
121.40
6,687
67.3
8,166
99.41
1.22
903
2,275
1,466
2,160
17,016
91.3
15,065 186.28
0.89
3,256
6,135
4,026
3,904
23,999
1.15
Sample Sector (3)

Full Sector (6)
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
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
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
35.65
67.17
44.08
42.74
651
88
(34)
4.6
2.5
3.7
3.9
5.4
36.1
7.8
Oil Palms
Buki t Da ra h
BUKI.N0000
710.00
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
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
Ba l a ngoda
BALA.N0000
31.80
1,462
23.6
752
61.87
0.51
164
25
118
6.96
1.08
5.01
101
(85)
4.6
29.6
6.3
0.0
Hora na
HOPL.N0000
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
Kega l l e
KGAL.N0000
113.70
3,338
25.0
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
Kel a ni Va l l ey
KVAL.N0000
83.90
2,568
34.0
2,853
75.54
1.11
321
460
583
9.43
13.54
17.16
852
44
8.9
6.2
4.9
6.0
7.2
17.9
Kota ga l a
KOTA.N0000
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
Wa ta wa l a
WATA.N0000 M
12.70
3,379
236.7
3,006
14.28
0.89
642
413
898
2.71
1.74
3.79
49
(36)
4.7
7.3
3.3
0.4
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
Sample Sector (6)

Full Sector (18)
26,161
118
584
0.84
1.7
6.0
12.2
14.2
4.6
Power and Energy

La nka IOC
LIOC.N0000
26.90
12,220
532.5
14,325
22.95
1.17
877
906
2,144
1.65
1.70
4.03
307
16.3
15.8
6.7
0.0
Va l l i bel
VPEL.N0000
6.20
2,108
747.1
4,632
2.82
2.20
422
254
276
0.57
0.34
0.37
(40)
11.0
18.2
16.8
0.3
4.0
12.1
La ugfs Ga s
LGL.N0000
30.50
6,486
387.0
11,804
16.76
1.82
853
942
1,196
2.20
2.43
3.09
62
11
13.8
12.5
9.9
1.5
4.9
14.5
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
Sample Sector (3)

Full Sector (8)
38,360
1.44
7.4
10.1
9.8
Telecommunications
Di a l og Axi a ta
DIAL.N0000
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
22
16
15.3
14.5
11.9
10.2
12.8
0.3
3.5
Sri La nka Tel ecom
SLTL.N0000
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
402
21
11
11
19.5
16.0
14.4
13.0
20.5
0.9
2.0
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
Sample Sector (2)

Full Sector (2)
154,160
1.68
14.4
8.8
11.0
15.8
Trading
Browns
BRWN.N0000 M
Si nger Sri La nka
SINS.N0000
Sample Sector (2)

Full Sector (8)
Sample Market (70)
Total Market (283)
124.10
13,782
70.9
0.64
2,188
1,169
99.20
4,769
125.2
12,421
8,796 194.46
38.09
2.60
668
1,263
18,551
196.1
21,216
94.61
1.14
2,856
2,432
26,758
952,656 37,900.3 1,962,996
2,474,183
1,138
224
30.87
16.49
3.16
116
(47)
4.0
7.5
39.2
1.3
1.1
8.5
1,148
5.34
10.08
9.17
403
89
18.6
9.8
10.8
6.0
6.0
26.5
1,373
14.57
12.40
7.00
149
(15)
7.4
8.7
15.5
1.19
25.14
2.06
1.89
13.1
16.4
118,282 141,888 151,820 176,111 166,696
3.12
3.74
4.01
4.65
4.40
127
20
16
16.6
13.8
12.9
11.1
11.8
14.9
15.2
Page | 12

Weekly Plus - 2013 Issue 22 (31.05.2013)

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Weekly Plus - 2013 Issue 22 (31.05.2013)

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2013

Week Ending 31-05-2013

Weekly Market Wrap Up

Local Economy in Brief

Our Core Coverage

Weekly Stat Page

Weekly Turnover and Volume

Daily Index Movement

Weekly Foreign Purchases and Sales

Daily Foreign Activity

Net Foreign 664

Linear (Foreign Activity)

Weekly Sector Statistics

Change in Foreign Holding

Weekly Foreign Flow

Weekly Market Valuations

BANKS FINANCE & INS.

Weekly Stock Trends

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

BLUE DIAMONDS[NON VOTING] 1.50

S & P SL20 Debrief

Daily Index Movement

Union Chemicals Lanka

Union Bank of Colombo

Asian Hotels &Properties

John Keells Holdings

Keells Food Products

Watawala Plantations PLC

S&P SL20 Companies

Sansa Development Bank

JOHN KEELLS HOLDINGS

Japanese Yen : LKR

Singapore Dollar : LKR

Indian Rupee : LKR

For the Month Ending:

INFLATION & INTEREST RATE

COLOMBO TEA AUCTION STATISTICS

Inflation and Treasury Bill Rate

For the Month Ending:

For the Month Ending:

Annual Average Change

COLOMBO RUBBER AUCTION STATISTICS

EQUITY MARKET OUTLOOK

Dow Jones Industrial Average

S&P 500 Index

FTSE 100 Index

EURO STOXX 50 Price EUR

Hong Kong Hang Seng Index

WTI CRUDE FUTURE

GOLD 100 OZ FUTURE

COTTON NO.2 FUTURE

YEAR END 31st March

EPS Growth (%)

Dec'12E Dec'13E Trailing

Mar'12 Mar'13E Mar'14E

Mar'11 Mar'12 Mar'13E Mar'14E

Dec'11 Dec'12E Dec'13E

Dec'10 Dec'11 Dec'12E Dec'13E Trailing

Banking, Finance & Insurance

Ceyl i nco Ins ura nce

Ha tton Na ti ona l Ba nk [X]