colombo stock exchange weekly plus softlogic 2014 issue 16 (17.04.2014)
TRANSCRIPT
2014 Issue 16 Week Ending 17-04-2014
Weekly Market Wrap Up Stat Page Pg 02 Weekly Stock Trends Pg 03
S&P SL20 Watch Pg 04
Local Economy in Brief Currency Moves Pg 05
Inflation & Interest Rates Pg 06 Colombo Tea Auction Pg 06 Tourism Pg 06
Global Market Equity Market Outlook Pg 07 Global Commodity Trend Pg 08
Research Chat: Monthly Value Hunt Pg 09
Our Core Coverage Pg 10- Pg 11
Current WoW %
ASPI 6180.76 1.7%
S&P SL20 3388.02 1.3%
Turnover (LKR 'bn) 1,409.3 -50.7%
Volume ('mn) 44.1 -60.0%
Market Cap. (LKR 'bn) 2,588.3 1.8%
LKR ('mn) Current WoW %
Foreign Purchases 580.7 -57.5%
Foreign Sales 301.1 12.7%
Net Foreign Inflow 279.7 -75%
Foreign Participation 25% -52.5%
Net Foreign -21 280
Current WoW %
PER 16.5 1.7%
PBV 2.0 1.7%
DY 2.8 -3.4%
Current WoW %
BANKS FINANCE & INS. 13,825.4 2.0%
BEV. FOOD & TOBACCO 19,824.5 2.8%
CHEM. & PHARMA. 6,083.9 2.5%
CONS. & ENG. 2,922.5 3.7%
DIVERSIFIED 1,851.7 0.8%
HEALTH CARE 849.2 2.6%
HOTELS & TRAVELS 3,221.9 0.1%
JKH 0.2% ROYAL CERAMIC -15.10% LAND & PROPERTY 627.9 2.7%
COMMERCIAL BANK[X.0000] (+) 1% AITKEN SPENCE -0.20% MANUFACTURING 3,007.0 2.3%
EXPOLANKA 2.22% FIRST CAPITAL -6.20% MOTORS 15,395.8 -0.2%
C T HOLDINGS 0.22% HNB (+) -0.04% PLANTATIONS 730.6 2.0%
COMMERCIAL BANK (+) 0.01% SAMPATH (+) -0.05% TELECOM 178.0 0.9%
Growth in
Value
LKR 'mn
291.3
16.7
11.7
5.4
3.5
-32.5
-8.2
-5.0
-2.3
1100
3345.00
2,861.4
16.2
2.0
2.9
Previous
13,553.6
19,287.5
1,100.0
53%
1,367.0
267.1
110.2
2,542.7
Previous
Weekly Stat Page
Previous
Weekly Market Statistics
Weekly Foreign Flow
Weekly Market Valuations
Weekly Sector Statistics
Decline in
Foreign
Holding 3,219.8
2,939.2
15,428.9
Previous
6075.05
716.3
176.5
1388
611.5
Change in Foreign HoldingDecline in
Value
LKR 'mn
Decline in Foreign HoldingGrowth in
Foreign
Holding
Growth in Foreign Holding
2,818.9
1,837.0
827.9
5,933.5
-34.1
5,700
5,800
5,900
6,000
6,100
6,200
6,300Daily Index Movement
ASPI
0
50
100
150
200
0
1,000
2,000
3,000
4,000
5,000
6,000
27-Mar 3-Apr 10-Apr 17-Apr
('Mn
)
LKR
('M
n)
Weekly Turnover and Volume
Turnover (LHS) Volume (RHS)
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
27-Mar 3-Apr 10-Apr 17-Apr
LKR
('M
n)
Weekly Foreign Purchases and Sales
Foreign Buying Foreign Sales
0%
20%
40%
60%
80%
100%
Daily Foreign Activity
Foreign Activity Linear (Foreign Activity)
Page | 2
Company WoW %
CEYLON PRINTERS 23.81%
A I A INSURANCE 14.91%
SHALIMAR 13.72%
G S FINANCE 13.69%
MERC. SHIPPING 13.30%
Company WoW %
PC HOUSE -33.33%
BANSEI RESORTS -15.48%
CIFL -12.50%
TESS AGRO[NON VOTING] -8.33%
RAMBODA FALLS -7.33%
Company WoW %
JKH 0.00%
SEYLAN BANK[NON VOTING] 2.24%
COMMERCIAL BANK 0.24%
ROYAL CERAMIC 7.38%
COMMERCIAL BANK[NON VOTING] 0.21%
Company WoW %
SEYLAN BANK[NON VOTING] 2.24%
EXPOLANKA 1.10%
PANASIAN POWER 0.00%
AMANA TAKAFUL 7.14%
ASIA SIYAKA 6.45%
2.30
1.40
3.10
Current
36.50
9.20
2.30
1.50
3.30
6,703,574
4,035,596
7,274,279
High
36.50
9.20
2.40
1.60
3.40
127.10
88.80
97.00
Turnover
213,490,830
37,558,895
Previous
35.70
9.10
48,198,281
127.50
90.00
97.50
126.80
82.70
Current
0.20
7.10
0.70
1.10
13.90
Current
238.00
36.50
High
0.40
9.50
0.80
1.10
13.90
96.80
Previous
0.30
8.40
0.80
1.20
15.00
High
238.00
36.50
Previous
238.00
35.70
Turnover
230,384
503,076
100,682
550
8,340
Volume
766,285
67,524
127,331
500
600
Previous
1,050.00
275.00
1,494.60
40.90
115.00
Current
1,300.00
316.00
1,699.70
46.50
130.30
Weekly Stock Trends
52 Low
1,000.10
Weekly Top Gainers
52 HighTurnover
2,600
9,975
433,123
1,024,376
997
Volume
2
35
282
20,928
8
High
1,300.00
320.00
1,701.00
51.00
130.30
1,480,361
87.00
2.20
1.30
2.20
77.00
2,215,092
35.30
9.10
5,719,884
4,082,571
2,914,519
2,699,727
102.00
3.00
1.90
3.90
Weekly Top Losers
Weekly Top Performers
Weekly Top Volume
Low
Low
Low
0.20
7.10
0.70
677,863
496,900
Volume
Turnover
316,199,383
213,490,830
187,424,251
58,752,007
Volume
1,328,594
5,719,884
112.00
52 Low
0.20
204.00
1,799.90
331.00
1,701.00
824.00
189.90
2.20
1.30
3.10
Low
1,300.00
272.00
52 High
3.90
299.80
1,500.00
40.00
115.00
1.10
13.90
237.50
35.30
125.00
81.50
96.40
250.70
750.00
35.00
110.10
52 High 52 Low
52 High 52 Low
9.90 6.50
15.00 6.70
2.90 0.40
1.40 0.90
16.90 11.50
41.20 29.20
41.20 29.20
131.50 112.00
Page | 3
DIVIDENDS
RIGHTS ISSUE
Softlogic Capital
Bimputh Finance
S&P SL20 Companies Previous WoW % Pelawatte Sugar
JOHN KEELLS HOLDINGS 238.00 0.00% ###
COMMERCIAL BANK 126.80 0.24% ###
THE BUKIT DARAH 570.10 1.74% SCRIP DIVIDEND
HATTON NATIONAL BANK 152.00 1.71%
CARSONS CUMBERBATCH 365.70 1.18%
SAMPATH BANK 183.40 3.05%
CEYLON TOBACCO COMPANY 1,050.00 3.80%
DFCC BANK 151.20 2.71% CAPITALIZATION OF RESERVES
AITKEN SPENCE 98.00 0.00%
NATIONAL DEVELOPMENT BANK 183.00 1.09%
C T HOLDINGS 135.00 1.48%
DISTILLERIES 203.10 3.40%
HAYLEYS 282.30 2.69% SUBDIVISION OF SHARES
CHEVRON LUBRICANTS LANKA 273.80 0.04%
DIALOG AXIATA 9.10 1.10%
CARGILLS (CEYLON) 138.00 4.35%
LANKA ORIX LEASING COMPANY 77.00 -1.17% CONSOLIDATION OF SHARES
NESTLE LANKA 1,994.00 0.05%
ASIAN HOTELS & PROPERTIES 64.20 0.93%
LION BREWERY CEYLON 399.50 1.63%
98.00
185.00
137.00
210.00
289.90
273.90
9.20
144.00
76.10
Current
238.00
127.10
580.00
154.60
370.00
189.00
1,089.90
155.30
0
16-05-2014
29-04-2014
02-06-2014
To Be Notified
3.00
28.00
7.00
1.00
0.29
00
To Be Notified
0
00-01-1900
Renunciation
0
XR Date
12-05-2014
To Be Notified
02-06-2014
10-06-2014
07-07-2014
Senkadagala Finance 1 for 9
Company Proportion EGM Date XC Date
0-Jan-19000-Jan-1900
0-Jan-1900 0-Jan-1900
0-Jan-1900
0-Jan-1900
0
0
0-Jan-1900
EGM Date Trading Date
1,995.00
64.80
406.00
0-Jan-19000-Jan-1900
0-Jan-1900
Balanoda Plantations
Dialog Axiata
0.45
2.00
0
Property Development
Chevron Lubricants Lanka
Overseas Realty (Ceylon)
Commercial Development
22-04-2014
25-04-2014
02-05-2014
02-05-2014
06-05-2014
12-05-2014
Payment
Proportion
Announcements
Company Dividend (LKR)
23-05-2014
02-06-2014
26-05-2014
27-06-2014
4.00
XD Date
42,195,323
26,857,972
0-Jan-1900 0-Jan-1900 0-Jan-19000-Jan-1900
0-Jan-1900
0-Jan-1900
XD DateEGM DateProportionCompany
0-Jan-1900
0-Jan-19000-Jan-1900
187,424,251
441,192
S & P SL20 Debrief
1,492,178
6,480,103
5,621,893
0-Jan-1900
Nestle Lanka
Sanasa Development Bank
11-04-2014 13 for 10 @ LKR3.4
1 for 1 @ LKR12.5
1 for 4 @ LKR18.0Turnover
316,199,383
Company
0-Jan-1900
2,045,635
0-Jan-1900 0-Jan-1900 0-Jan-1900 0-Jan-1900
Company Proportion EGM Date Trading Date
0-Jan-1900
Company Proportion
42,380,778
1,479,436
5,485,049
90,292
2,165,748
367,417
11,376
1,702,966
393,425
40,355
45,986
0-Jan-1900 0-Jan-1900
To be notified
0 0
0-Jan-1900 0 0
To be notified
0-Jan-1900
3,100
3,150
3,200
3,250
3,300
3,350
3,400
3,450
Daily Index Movement
S&P SL20
Page | 4
Local Economy
CURRENCY MOVES
130
130
131
131
131
LKR USD : LKR
1.23
1.24
1.25
1.26
1.27
1.28
1.29
1.30
LKR Japanese Yen : LKR
172
174
176
178
180
182
184
LKR EURO : LKR
100
101
102
103
104
105LKR Singapore Dollar : LKR
208
210
212
214
216
218
220
222LKR GBP : LKR
2.00
2.05
2.10
2.15
2.20LKR Indian Rupee : LKR
Page | 5
BALANCE OF TRADE TOURISM
For the Month Ending: Jan-14 For the Month Ending:
Jan-14 MoM % Jan-13 2014 2013
Exports 898 -9% 727 Mar-14 133,048 113,208
Imports 1,654 7% 1,507 YTD 421,501 337,719
Balance of Trade -756 -34% -781
COLOMBO TEA AUCTION STATISTICS
Sale of
02-Apr-14 WoW %
High Grown 425.82 -1.53%
Mid Grown 412.63 -1.71%
Low Grown 480.51 -2.34%
Total 336.80 -28.00%
COLOMBO RUBBER AUCTION STATISTICS
For the Month Ending: Mar-2014
Mar-14 Basis Points Sale of
Point to Point 4.2% 0 08-Apr-14 WoW %
Annual Average Change 5.7% 30 RSS 1 300.00 0.00%
1-Yr T-Bill 7.03% 3 Brown Crepe 1X 308.00 0.98%
419.79
492.02
467.81
Feb-14
4.2%
6.0%
7.06%
Sale of
03-Apr-14
300.00
305.00
Sale of
27-Mar-14
Corres. 2013
0.98%
-1.64%
WoW %
10%
3%
402.12
409.89
472.72
341.37
Local Economy
Elevation
Mar-14
INFLATION & INTEREST RATE
Dec-13
-565
Sale of
986
1,551
18%
25%
-1.34%
305.00
305.00
YoY %
24%
Elevation
5.89%
0.67%
1.65%
26-Mar-14
432.43
YoY %
Change %
-1,200-800-400
0400800
1,2001,6002,000
Balance of Trade
Exports Imports Balance of Trade
20,00040,00060,00080,000
100,000120,000140,000160,000180,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Tourist Arrivals
2011 2012 2013 2014
2%
4%
6%
8%
10%
12%
14%
Mar-14Jan-14Nov-13Sep-13Jul-13May-13Mar-13
Inflation and Treasury Bill Rate
1-Yr T-Bill Point to Point Annual Average Change
Page | 6
Global Markets
EQUITY MARKET OUTLOOK
14,500
15,000
15,500
16,000
16,500
17,000Index Dow Jones Industrial Average
6,200
6,300
6,400
6,500
6,600
6,700
6,800
6,900Index FTSE 100 Index
1,650
1,700
1,750
1,800
1,850
1,900
1,950Index S&P 500 Index
7,000
9,000
11,000
13,000
15,000
17,000Index Nikkei 225
2,800
2,900
3,000
3,100
3,200
3,300Index EURO STOXX 50 Price EUR
20,000
20,500
21,000
21,500
22,000
22,500
23,000
23,500Index Hong Kong Hang Seng Index
Page | 7
WTI Crude USD/bbl 103.94 1.5%
Gold USD/t oz. 1,298.60 -0.9%
Copper USd/lb. 303.65 -0.1%
Cotton USd/lb. 92.75 0.8%
Wheat USd/bu. 699.50 1.9%
102.44
Global Markets
92.02
686.25
Commodity This WeekLast
Week
WoW
Change
1,310.80
304.05
GLOBAL COMMODITY TREND
9092949698
100102104106
USD/bbl WTI CRUDE FUTURE
75
80
85
90
95
100
USd/lb. COTTON NO.2 FUTURE
1,150
1,200
1,250
1,300
1,350
1,400
USD/t oz. GOLD 100 OZ FUTURE
0
200
400
600
800
USd/bu. WHEAT FUTURE(CBT)
270
280
290
300
310
320
330
340
USd/lb. COPPER FUTURE
Page | 8
Softlogic Equity Research Page | 9
Top Dividend Yielding Counters (Trailing)
Briefing the S&P SL20 Calibre
TICKER COUNTER Market Price
(LKR)
Book Value
(LKR mn)
NAVPS
(LKR) PBV (X)
4Q
TRAILI
NG PER
(X)
RHL.X0000 RENUKA HOLDINGS PLC 21.2 2,597.1 51.0 0.42 8.4
BRWN.N0000 BROWN & COMPANY PLC 89.8 14,004.3 197.6 0.45 5.6
SDB.N0000 SANASA DEVELOPMENT BANK PLC 73.8 3,416.3 135.7 0.54 6.4
SEYB.X0000 SEYLAN BANK PLC 37 22,659.6 65.7 0.56 5.5
CDB.X0000 CITIZENS DEVELOPMENT BUSINESS
FINANCE 37.4 3,475.2 64.0 0.58 3.5
CIND.N0000 CENTRAL INDUSTRIES PLC 57 960.0 97.1 0.59 7.7
ACL.N0000 ACL CABLES PLC 60.9 5,991.9 100.0 0.61 8.4
LWL.N0000 LANKA WALLTILES PLC 64 5,535.1 101.4 0.63 6.1
CINS.X0000 CEYLINCO INSURANCE PLC 445 17,848.8 675.7 0.66 4.5
CDB.N0000 CITIZENS DEVELOPMENT BUSINESS
FINANCE 45.6 3,475.2 64.0 0.71 4.3
OSEA.N0000 OVERSEAS REALTY (CEYLON) PLC 20.5 24,177.2 28.7 0.72 6.7
DIPD.N0000 DIPPED PRODUCTS PLC 88 7,287.0 121.7 0.72 5.5
KAPI.N0000 MTD WALKERS PLC 30.3 4,689.6 41.0 0.74 6.1
HPWR.N0000 HEMAS POWER PLC 17.8 2,993.0 23.9 0.74 6.4
KCAB.N0000 KELANI CABLES PLC 80.0 2,303.1 105.6 0.76 7.5
SIGV.N0000 SIGIRIYA VILLAGE HOTELS PLC 54.9 636.9 70.8 0.78 9.9
SIL.N0000 SAMSON INTERNATIONAL PLC 88.2 435.2 113.1 0.78 1.5
ALLI.N0000 ALLIANCE FINANCE COMPANY PLC 792 2,334.4 960.7 0.82 5.0
ABAN.N0000 ABANS ELECTRICALS PLC 99.8 618.5 121.0 0.82 4.3
SUN.N0000 SUNSHINE HOLDINGS PLC 28.5 4,459.0 33.3 0.86 6.0
PARQ.N0000 SWISSTEK (CEYLON) PLC 19.7 623.5 22.8 0.86 6.1
CRL.N0000 SOFTLOGIC FINANCE PLC 29.4 1,268.7 33.9 0.87 6.2
HNB.X0000 HATTON NATIONAL BANK PLC 126.5 57,561.6 143.9 0.88 6.6
SEYB.N0000 SEYLAN BANK PLC 60.2 22,659.6 65.7 0.92 8.9
CINV.N0000 CEYLON INVESTMENT PLC 77.0 8,255.9 83.8 0.92 5.6
MORI.N0000 J.L. MORISON SONS & JONES (CEYLON) 254 2,038.1 269.9 0.94 9.8
GLAS.N0000 PIRAMAL GLASS CEYLON PLC 3.5 3,489.6 3.7 0.95 3.8
SAMP.N0000 SAMPATH BANK PLC 180.5 31,670.6 188.7 0.96 8.3
NEH.N0000 THE NUWARA ELIYA HOTELS COMPANY 1250 2,590.1 1,292.5 0.97 9.3
RCL.N0000 ROYAL CERAMICS LANKA PLC 78.1 8,654.3 78.1 1.00 9.2
CFIN.N0000 CENTRAL FINANCE COMPANY PLC 183.1 19,048.0 181.6 1.01 6.1
CHL.X0000 CEYLON HOSPITALS PLC (DURDANS) 80 2,650.9 78.3 1.02 10.4
TAFL.N0000 THREE ACRE FARMS PLC 39.9 918.5 39.0 1.02 5.4
CERA.N0000 LANKA CERAMIC PLC 95.9 2,685.5 89.5 1.07 9.0
HNB.N0000 HATTON NATIONAL BANK PLC 156.2 57,561.6 143.9 1.09 8.2
PAP.N0000 PANASIAN POWER PLC 2.3 1,021.6 2.0 1.13 7.4
VFIN.N0000 VALLIBEL FINANCE PLC 29.7 1,084.4 26.1 1.14 4.2
HAYC.N0000 HAYCARB PLC 181 4,704.1 158.3 1.14 6.3
JINS.N0000 JANASHAKTHI INSURANCE COMPANY
PLC 14.3 4,528.5 12.5 1.15 5.2
TKYO.X0000 TOKYO CEMENT COMPANY (LANKA) PLC 29.6 8,613.2 25.8 1.15 4.6
TILE.N0000 LANKA FLOORTILES PLC 75.2 3,457.0 65.2 1.15 5.6
LFIN.N0000 LB FINANCE PLC 101.0 5,706.9 82.4 1.23 5.5
PLC.N0000 PEOPLE'S LEASING COMPANY PLC 14.5 18,572.0 11.8 1.23 6.9
LIOC.N0000 LANKA IOC PLC 38.9 16,586.4 31.1 1.25 4.2
NTB.N0000 NATIONS TRUST BANK PLC 64.5 11,738.2 50.9 1.27 7.0
LGL.X0000 LAUGFS GAS PLC 23.7 7,161.2 18.5 1.28 5.6
RHTL.N0000 THE FORTRESS RESORTS PLC 13.2 1,111.3 10.0 1.32 9.4
CONN.N0000 AMAYA LEISURE PLC 75 2,700.4 56.2 1.33 9.8
COMB.X0000 COMMERCIAL BANK OF CEYLON PLC 97 61,446.2 72.3 1.34 7.8
STAF.N0000 DOLPHIN HOTELS PLC 42.2 990.9 31.3 1.35 9.9
ASIY.N0000 ASIA SIYAKA COMMODITIES LIMITED 2.9 557.4 2.1 1.35 6.2
Softlogic Equity Research Page | 10
Name Y/E Rec Mkt Price NAVPS P / BV DPS
17-Apr-14 Mar'12 Mar'13 Mar'14E Mar'15E Mar'12 Mar'13 Mar'14E Mar'15E Mar'12 Mar'13 Mar'14E Mar'14E Mar'12 Mar'13 Mar'14E Mar'15E Mar'13
('Mn) ('Mn) ('Mn) Dec'11 Dec'12 Dec'13E Dec'14E Dec'11 Dec'12 Dec'13E Dec'14E Dec'11 Dec'12 Dec'13E Dec'13E Dec'11 Dec'12 Dec'13E Dec'14E Dec'12
Banking, Finance & Insurance
Centra l Finance CFIN.N0000 M Buy 187.40 19,048 104.9 19,655 181.61 1.03 2,675 3,041 3,437 3,829 3,170 25.51 29.00 32.77 36.51 30.22 46 14 13 11 7.3 6.5 5.7 5.1 6.2 0.9 0.5 16.0
Ceyl inco Insurance CINS.N0000 D 1,390.00 17,849 26.4 36,716 675.72 2.06 1,508 1,953 2,609 57.08 73.94 98.78 57 30 24.3 18.8 14.1 16.0 1.2 10.9
Commercia l Bank COMB.N0000 D Buy 127.10 61,446 863.5 109,751 71.16 1.79 8,048 10,080 10,563 11,762 10,562 9.32 11.67 12.23 13.62 12.23 46 25 5 11 13.6 10.9 10.4 9.3 10.4 4.5 3.5 16.4
Commercia l Bank [X] COMB.X0000 D Buy 97.00 61,446 863.5 83,759 71.16 1.36 8,048 10,080 10,563 11,762 10,562 9.32 11.67 12.23 13.62 12.23 46 25 5 11 10.4 8.3 7.9 7.1 7.9 4.5 4.6 16.4
DFCC Bank DFCC.N0000 M MTB 155.30 38,633 265.1 41,170 145.73 1.07 2,900 3,523 3,453 3,915 3,206 10.94 13.29 13.02 14.77 12.09 (43) 21 (2) 13 14.2 11.7 11.9 10.5 12.8 5.0 3.2 9.1
Hatton National Bank HNB.N0000 D Buy 154.60 57,562 400.1 61,860 143.86 1.07 6,149 8,111 9,258 11,113 7,650 15.37 20.27 23.14 27.77 19.12 28 32 14 20 10.1 7.6 6.7 5.6 8.1 8.5 5.5 14.1
Hatton National Bank [X] HNB.X0000 D Buy 122.80 57,562 400.1 49,136 143.86 0.85 6,149 8,111 9,258 10,908 7,650 15.37 20.27 23.14 27.77 19.12 28 32 14 20 8.0 6.1 5.3 4.4 6.4 8.5 6.9 14.1
Lanka Orix Leas ing Company LOLC.N0000 M 76.10 19,965 475.2 36,163 42.01 1.81 2,933 1,863 2,007 6.17 3.92 4.22 (24) (36) 12.3 19.4 18.0 0.5 0.7 9.3
LB Finance LFIN.N0000 M Buy 109.90 5,707 69.3 7,611 82.40 1.33 1,714 1,703 2,114 2,494 1,265 24.75 24.58 30.52 36.01 18.27 68 (1) 24 18 4.4 4.5 3.6 3.1 6.0 6.5 5.9 29.8
National Development Bank NDB.N0000 D Hold 185.00 25,514 164.9 30,499 154.76 1.20 2,706 8,854 2,642 3,255 2,642 16.41 53.71 16.03 19.74 16.03 26 227 (70) 23 11.3 3.4 11.5 9.4 11.5 10.0 5.4 34.7
Nations Trust Bank NTB.N0000 D Buy 67.80 11,738 230.6 15,635 50.90 1.33 1,534 1,951 2,211 2,625 2,136 6.65 8.46 9.59 11.38 9.26 41 27 13 19 10.2 8.0 7.1 6.0 7.3 2.1 3.1 16.6
Pan As ia Bank PABC.N0000 D Buy 17.00 4,049 295.0 5,016 13.72 1.24 824 811 325 633 115 2.79 2.75 1.10 2.14 0.39 128 (2) (60) 95 6.1 6.2 15.5 7.9 43.7 0.0 0.0 20.0
People's Leas ing PLC.N0000 M Buy 15.30 18,572 1,579.9 24,172 11.76 1.30 4,542 3,073 3,015 3,590 3,311 2.87 1.95 1.91 2.27 2.10 74 (32) (2) 19 5.3 7.9 8.0 6.7 7.3 0.8 4.9 16.5
Sampath Bank SAMP.N0000 D Buy 189.00 31,671 167.8 31,720 188.71 1.00 4,151 5,212 4,074 6,241 3,635 24.73 31.05 24.28 37.19 21.66 19 26 (22) 53 7.6 6.1 7.8 5.1 8.7 8.0 4.2 16.5
Seylan Bank SEYB.N0000 D 63.60 22,660 345.0 21,939 65.69 0.97 1,006 2,063 2,330 2.92 5.98 6.76 (17) 105 21.8 10.6 9.4 2.3 3.5 9.1
Lanka Orix Finance LOFC.N0000 M 3.50 6,261 2,800.0 9,800 2.24 1.57 1,246 686 898 1,026 785 0.44 0.25 0.32 0.37 0.28 (0) (45) 31 14 7.9 14.3 10.9 9.6 12.5 - - 11.0
Sample Sector (16) 340,674 7,787.6 451,707 43.75 1.33 41,935 52,924 63,636 5.38 6.80 8.17 19 26 10.8 8.5 7.1 15.5
Full Sector (61) 577,063 1.38 10.8
Beverage, Food and Tobacco
Cargi l l s CARG.N0000 M 144.00 11,750 224.0 32,256 52.46 2.75 1,079 578 447 4.82 2.58 1.99 (1) (46) 29.9 55.9 72.2 2.0 1.4 4.9
Ceylon Tobacco Company CTC.N0000 D 1,089.90 4,316 187.3 204,164 23.04 47.30 6,569 8,176 9,141 10,308 9,140 35.07 43.65 48.80 55.03 48.79 29 24 12 13 31.1 25.0 22.3 19.8 22.3 48.8 4.5 189.4
Dis ti l leries DIST.N0000 M LTB 210.00 51,649 300.0 63,000 172.16 1.22 5,675 5,520 5,816 6,452 5,851 18.92 18.40 19.39 21.51 19.50 (30) (3) 5 11 11.1 11.4 10.8 9.8 10.8 3.0 1.4 10.7
Lion Brewery LION.N0000 M 406.00 6,538 80.0 32,480 81.73 4.97 1,262 1,046 1,107 1,457 1,180 15.78 13.07 13.83 18.22 14.75 25 (17) 6 32 25.7 31.1 29.4 22.3 27.5 4.0 1.0 16.0
Nestle (Lanka) NEST.N0000 D 1,995.00 4,216 53.7 107,182 78.47 25.42 2,633 2,994 3,305 3,822 3,305 49.01 55.73 61.51 71.14 61.51 39 14 10 16 40.7 35.8 32.4 28.0 32.4 60.0 3.0 71.0
Sample Sector (5) 78,469 845.0 439,082 92.86 5.60 17,219 18,313 19,923 20.38 21.67 23.58 0 6 25.5 24.0 22.0 23.3
Full Sector (20) 487,525 4.00 19.9
Chemicals & Pharmaceuticals
CIC Holdings CIC.N0000 M 49.10 7,308 94.8 4,653 77.11 0.64 863 231 -291 9.11 2.44 (3.07) (7) (73) 5.4 20.1 -16.0 1.6 3.3 3.2
Lankem Ceylon LCEY.N0000 M 109.60 3,340 24.0 2,630 139.18 0.79 513 297 -338 21.39 12.36 (14.10) (55) (42) 5.1 8.9 -7.8 1.5 1.4 8.9
Sample Sector (2) 10,648 118.8 7,284 89.65 0.68 1,376 528 -629 11.59 4.44 (5.30) (33) (62) 5.3 13.8 -11.6 5.0
Full Sector (10) 17,177 0.87 30.6
Construction & Engineering
Access Engineering AEL.N0000 M 23.80 14,067 1,000.0 23,800 14.07 1.69 1,733 2,378 2,822 1.73 2.38 2.82 80 37 13.7 10.0 8.4 0.5 2.1 16.9
Colombo Dockyard DOCK.N0000 D 187.80 11,001 71.9 13,495 153.09 1.23 1,804 1,983 926 926 25.10 27.59 12.89 12.89 (13) 10 (53) 7.5 6.8 14.6 14.6 4.0 2.1 18.0
Sample Sector (2) 25,067 1,071.9 37,295 23.39 1.49 3,537 4,361 3,844 3.30 4.07 3.59 16 23 10.5 8.6 9.7 17.4
Full Sector (4) 41,327 2.54 10.3
Diversified Holdings
Aitken Spence SPEN.N0000 M 98.00 29,999 406.0 39,788 73.89 1.33 3,488 3,267 3,500 8.59 8.05 8.62 38 (6) 11.4 12.2 11.4 1.5 1.5 10.9
CT Holdings CTHR.N0000 M 137.00 16,402 183.1 25,084 89.58 1.53 1,159 1,150 1,136 6.33 6.28 6.20 34 (1) 21.6 21.8 22.1 0.7 0.5 7.0
Carsons Cumberbatch CARS.N0000 M 370.00 30,150 196.4 72,663 153.52 2.41 7,017 4,570 3,195 35.73 23.27 16.27 55 (35) 10.4 15.9 22.7 2.0 0.5 15.2
Expolanka Holdings EXPO.N0000 M LTB 9.20 10,151 1,954.9 17,985 5.19 1.77 1,033 1,061 1,302 1,622 0.53 0.54 0.67 0.83 (33) 3 23 17.4 17.0 13.8 11.1 0.1 1.3 10.4
Hayleys HAYL.N0000 M 289.90 23,095 75.0 21,743 307.94 0.94 1,038 1,854 1,716 13.84 24.72 22.89 43 79 21.0 11.7 12.7 4.5 1.6 8.0
Hemas Holdings HHL.N0000 M 42.90 13,084 515.3 22,106 25.39 1.69 1,165 1,658 2,063 2.26 3.22 4.00 (4) 42 19.0 13.3 10.7 0.8 1.7 12.7
John Keel ls Holdings JKH.N0000 M 238.00 118,674 990.3 235,692 119.84 1.99 9,687 12,201 11,874 10,383 12,273 9.78 12.32 11.99 10.48 12.39 17 26 (3) (13) 24.3 19.3 19.8 22.7 19.2 3.5 1.5 10.3
Richard Peiris RICH.N0000 M 6.70 8,535 1,983.7 13,291 4.30 1.56 2,575 1,903 1,287 1.30 0.96 0.65 53 (26) 5.2 7.0 10.3 0.2 3.0 22.3
Softlogic Holdings SHL.N0000 M BUY 11.90 7,344 779.0 9,270 9.43 1.26 483 301 485 602 332 0.62 0.39 0.62 0.77 0.43 (42) (38) 61 24 19.2 30.8 19.1 15.4 27.9 0.3 2.5 4.1
Val l ibel One VONE.N0000 M LTB 17.50 30,872 1,086.6 19,015 28.41 0.62 2,025 1,403 2,323 1,066 1.86 1.29 2.14 0.98 250 (31) 66 9.4 13.5 8.2 17.8 0.0 0.0 4.5
Sample Sector (10) 288,306 8,170.3 476,636 35.29 1.65 29,669 29,367 28,191 3.63 3.59 3.45 30 (1) 16.1 16.2 16.9 10.2
Full Sector (18) 506,077 1.54 18.4
Healthcare
As iri Hospita l Holdings ASIR.N0000 M 22.20 5,831 1,099.1 24,400 5.31 4.18 609 696 1,027 1,082 978 0.55 0.63 0.93 0.98 0.89 219 14 47 5 40.0 35.0 23.8 22.6 25.0 0.5 2.3 11.9
Nawaloka Hospita ls NHL.N0000 M 3.30 3,947 1,409.5 4,651 2.80 1.18 271 454 277 0.19 0.32 0.20 (75) 68 17.2 10.2 16.8 0.1 1.5 11.5
Lanka Hospita ls LHCL.N0000 D 48.40 27,164 223.7 10,829 121.41 0.40 437 386 677 677 1.95 1.73 3.02 3.02 51 (12) 75 24.8 28.0 16.0 16.0 0.5 1.0 1.4
Sample Sector (3) 36,942 2,732.3 39,880 13.52 1.08 1,317 1,537 1,931 0.48 0.56 0.71 (15) 17 30.3 26.0 20.7 4.2
Full Sector (6) 55,015 2.47 20.6
Book Val. Share
Cap.
Market
Cap.ROE
(%)
Trailing
DY (%)4Q
Trailing
4Q
Trailing
4Q
Trailing
Earnings EPS EPS Growth (%) PER
Softlogic Equity Research Page | 11
Name Y/E Rec Mkt Price NAVPS P / BV DPS
17-Apr-14 Mar'12 Mar'13 Mar'14E Mar'15E Mar'12 Mar'13 Mar'14E Mar'15E Mar'12 Mar'13 Mar'14E Mar'14E Mar'12 Mar'13 Mar'14E Mar'15E Mar'13
('Mn) ('Mn) ('Mn) Dec'11 Dec'12 Dec'13E Dec'14E Dec'11 Dec'12 Dec'13E Dec'14E Dec'11 Dec'12 Dec'13E Dec'13E Dec'11 Dec'12 Dec'13E Dec'14E Dec'12
Hotels and Travels
Aitken Sp. Ho. Hold. AHUN.N0000 M 73.50 13,988 336.3 24,717 41.60 1.77 1,378 1,782 2,148 2,065 4.10 5.30 6.39 6.14 33 29 21 17.9 13.9 11.5 12.0 1.0 1.4 12.7
Amaya Leisure CONN.N0000 M 79.80 2,700 48.0 3,833 56.22 1.42 293 377 376 369 6.09 7.84 7.83 7.67 (38) 29 (0) 13.1 10.2 10.2 10.4 4.0 5.0 13.9
As ian Hotels & Prop. AHPL.N0000 M 64.80 21,501 442.8 28,692 48.56 1.33 2,149 2,494 2,386 2,493 2,460 4.85 5.63 5.39 5.63 5.56 21 16 (4) 4 13.4 11.5 12.0 11.5 11.7 4.0 6.2 11.6
Keel ls Hotels KHL.N0000 M 12.80 17,135 1,456.1 18,639 11.77 1.09 1,105 1,121 1,229 1,384 1,340 0.76 0.77 0.84 0.95 0.92 111 1 10 13 16.9 16.6 15.2 13.5 13.9 0.0 0.0 6.5
Taj TAJ.N0000 M 30.40 1,933 139.6 4,245 13.84 2.20 125 246 293 -371 0.89 1.76 2.10 (2.66) 26 97 19 34.0 17.3 14.5 -11.4 0.0 0.0 12.7
Trans As ia TRAN.N0000 M 82.60 5,899 200.0 16,520 29.50 2.80 625 1,066 884 927 986 3.12 5.33 4.42 4.64 4.93 (5) 71 (17) 5 26.4 15.5 18.7 17.8 16.8 3.0 3.6 18.1
Sample Sector (6) 63,157 2,622.9 96,646 24.08 1.53 5,674 7,086 7,316 5,848 2.16 2.70 2.79 2.23 24 25 3 17.0 13.6 13.2 16.5 11.2
Full Sector (37) 316,165 2.35 34.8
Land and Property
Colombo Land CLND.N0000 D 39.00 2,686 199.9 7,795 13.44 2.90 335 -90 -10 -11 1.68 (0.45) (0.05) (0.05) (31) (127) 89 23.3 N/A N/A -737.3 0.0 0.0 -0.4
Overseas Real i ty OSEA.N0000 D 21.70 24,177 843.5 18,304 28.66 0.76 2,681 2,469 2,437 2,591 3.18 2.93 2.89 3.07 218 (8) (1) 6.8 7.4 7.5 7.1 0.5 2.1 10.1
Sample Sector (2) 26,863 1,043.4 26,099 25.75 0.97 3,016 2,379 2,427 2,581 2.89 2.28 2.33 2.47 127 (21) 2 8.7 11.0 10.8 10.1 1.5 9.0
Full Sector (18) 43,242 0.88 10.3
Manufacturing
ACL Cables ACL.N0000 M 64.00 5,992 59.9 3,833 100.04 0.64 485 532 433 8.10 8.88 7.23 127 10 7.9 7.2 8.9 1.0 1.6 8.9
Grain Elevators GRAN.N0000 D 37.10 2,772 60.0 2,226 46.20 0.80 388 134 120 120 6.46 2.24 2.00 2.00 (18) (65) (11) 5.7 16.6 18.6 18.6 0.1 0.4 4.8
Chevron Lubricants LLUB.N0000 D Hold 273.90 4,840 120.0 32,868 40.33 6.79 2,001 2,288 2,532 2,701 2,532 16.67 19.06 21.10 22.51 21.10 33 14 11 7 16.4 14.4 13.0 12.2 13.0 15.0 5.5 47.3
Lanka Wal l ti le LWL.N0000 M LTB 69.60 5,535 54.6 3,800 101.38 0.69 731 520 545 600 576 13.39 9.52 9.98 10.99 10.55 51 (29) 5 10 5.2 7.3 7.0 6.3 6.6 3.0 4.3 9.4
Piramal Glass GLAS.N0000 M Hold 3.50 3,490 950.1 3,325 3.67 0.95 686 724 361 532 885 0.72 0.76 0.38 0.56 0.93 19 5 (50) 47 4.8 4.6 9.2 6.3 3.8 0.4 10.9 20.7
Royal Ceramic RCL.N0000 M LTB 88.80 8,654 110.8 9,838 78.11 1.14 1,243 1,670 1,844 2,190 940 11.22 15.07 16.64 19.77 8.48 (14) 34 10 19 7.9 5.9 5.3 4.5 10.5 2.0 2.3 19.3
Textured Jersey TJL.N0000 M Buy 16.90 6,315 655.0 11,070 9.64 1.75 628 1,017 1,186 1,495 1,128 0.96 1.55 1.81 2.28 1.72 (8) 62 17 26 17.6 10.9 9.3 7.4 9.8 1.2 7.3 16.1
Tokyo Cement TKYO.N0000 M Buy 38.90 8,613 334.1 12,997 25.78 1.51 979 893 2,043 1,600 2,170 2.93 2.67 6.11 4.79 6.49 14 (9) 129 (22) 13.3 14.6 6.4 8.1 6.0 1.0 2.6 10.4
Tokyo Cement [X] TKYO.X0000 M Buy 33.30 8,613 334.1 11,126 25.78 1.29 979 893 2,043 1,600 2,170 2.93 2.67 6.11 4.79 6.49 14 (9) 129 (22) 11.4 12.5 5.4 7.0 5.1 1.0 3.0 10.4
Sample Sector (9) 46,211 2,344.5 79,958 19.71 1.73 7,141 7,777 8,783 3.05 3.32 3.75 15 9 11.2 10.3 9.1 4.7 16.8
Full Sector (36) 116,476 1.45 9.2
Motors
C M Holdings COLO.N0000 M 82.50 3,315 15.2 1,254 218.12 0.38 453 120 -184 29.80 7.91 (12.14) 95 (73) 2.8 10.4 -6.8 3.0 3.6 3.6
Diesel & Motor Engineering DIMO.N0000 M 499.80 7,729 8.9 4,436 870.76 0.57 2,702 462 179 304.36 52.06 20.19 27 (83) 1.6 9.6 24.8 10.0 2.0 6.0
United Motors UML.N0000 M 122.00 8,069 67.3 8,207 119.96 1.02 2,281 2,013 1,960 33.91 29.92 29.14 153 (12) 3.6 4.1 4.2 10.0 8.2 24.9
Sample Sector (3) 19,114 91.3 13,897 209.26 0.73 5,436 2,595 1,955 59.51 28.41 21.40 67 (52) 2.6 5.4 7.1 5.8 13.6
Full Sector (6) 21,911 0.93 10.0
Oil Palms
Bukit Darah BUKI.N0000 M 580.00 27,015 102.0 59,160 264.85 2.19 7,299 5,042 2,522 71.56 49.43 24.73 43 (31) 8.1 11.7 23.5 3.0 0.5 18.7
Sample Sector (1) 27,015 102.0 59,160 264.85 2.19 7,299 5,042 2,522 71.56 49.43 24.73 43 (31) 8.1 11.7 23.5 3.0 0.5 18.7
Full Sector (5) 101,263 2.06 30.4
Plantations
Balangoda BALA.N0000 D 29.70 2,720 23.6 702 115.10 0.26 25 92 93 93 1.08 3.90 3.93 3.93 (85) 263 1 27.6 7.6 7.6 7.6 1.0 3.4 3.4
Horana HOPL.N0000 M 23.70 1,498 25.0 593 59.91 0.40 87 220 132 3.49 8.82 5.28 (73) 152 6.8 2.7 4.5 2.0 8.4 14.7
Kegal le KGAL.N0000 M 102.00 3,374 25.0 2,550 134.97 0.76 769 544 420 30.77 21.74 16.82 (8) (29) 3.3 4.7 6.1 13.5 13.2 16.1
Kelani Va l ley KVAL.N0000 D 76.10 2,776 34.0 2,587 81.64 0.93 460 561 384 384 13.54 16.51 11.30 11.30 44 22 (32) 5.6 4.6 6.7 6.7 3.5 4.6 20.2
Kotagala KOTA.N0000 M 35.00 3,190 40.0 1,400 79.75 0.44 439 517 -362 10.97 12.92 (9.06) (34) 18 3.2 2.7 -3.9 2.5 7.1 16.2
Watawala WATA.N0000 M 10.40 4,095 236.7 2,461 17.30 0.60 455 680 436 1.92 2.87 1.84 (29) 49 5.4 3.6 5.7 0.8 7.2 16.6
Sample Sector (6) 17,653 384.3 10,293 45.94 0.58 2,236 2,614 1,102 5.82 6.80 2.87 (24) 17 4.6 3.9 9.3 14.8
Full Sector (19) 23,588 0.63 8.7
Power and Energy
Lanka IOC LIOC.N0000 M Buy 42.90 16,586 532.5 22,846 31.15 1.38 906 2,911 4,616 4,899 1.70 5.47 8.67 9.20 3 221 59 25.2 7.8 4.9 4.7 1.0 2.3 17.6
Val l ibel VPEL.N0000 M 5.70 1,994 747.1 4,259 2.67 2.14 249 289 641 0.33 0.39 0.86 (41) 16 17.1 14.7 6.6 0.6 10.5 14.5
Laugfs Gas LGL.N0000 M Buy 36.30 7,161 387.0 14,048 18.50 1.96 822 1,061 1,414 1,453 1,634 2.13 2.74 3.65 3.75 4.22 (4) 29 33 3 17.1 13.2 9.9 9.7 8.6 1.5 4.1 14.8
Laugfs Gas [X] LGL.X0000 M Buy 29.00 7,161 387.0 11,223 18.50 1.57 822 1,061 1,414 1,453 1,634 2.13 2.74 3.65 3.75 4.22 (4) 29 33 3 13.6 10.6 7.9 7.7 6.9 1.5 5.2 14.8
Sample Sector (4) 25,741 1,666.6 41,152 15.44 1.60 1,977 4,261 7,174 1.19 2.56 4.30 (8) 116 20.8 9.7 5.7 16.6
Full Sector (8) 46,217 1.43 5.9
Telecommunications
Dia log Axiata DIAL.N0000 D 9.20 39,736 8,143.8 74,923 4.88 1.89 5,354 6,030 5,201 5,201 0.66 0.74 0.64 0.64 6 13 (14) 14.0 12.4 14.4 14.4 0.3 3.6 13.1
Sri Lanka Telecom SLTL.N0000 D 46.70 59,789 1,804.9 84,287 33.13 1.41 4,781 3,921 5,419 5,419 2.65 2.17 3.00 3.00 21 (18) 38 17.6 21.5 15.6 15.6 0.9 1.8 9.1
Sample Sector (2) 99,525 9,948.6 159,210 10.00 1.60 10,135 9,951 10,620 10,620 1.02 1.00 1.07 1.07 13 (2) 7 15.7 16.0 15.0 15.0 10.7
Full Sector (2) 159,210 1.60 15.0
Trading
Browns BRWN.N0000 M 90.70 14,004 70.9 6,428 197.59 0.46 1,164 240 1,144 16.43 3.39 16.15 (47) (79) 5.5 26.8 5.6 0.5 0.6 1.7
Singer Sri Lanka SINS.N0000 D 89.10 4,964 125.2 11,156 39.65 2.25 1,266 1,138 459 460 10.11 9.09 3.66 3.67 90 (10) (60) 8.8 9.8 24.3 24.3 2.5 2.8 22.9
Sample Sector (2) 18,968 196.1 17,585 96.74 0.93 2,431 1,378 1,604 12.40 7.03 8.18 (15) (43) 7.2 12.8 11.0 7.3
Full Sector (8) 22,700 0.99 13.1
Sample Market (73) 1,124,355 39,125.7 1,955,883 28.74 1.74 140,399 150,112 162,121 183,197 159,085 3.59 3.84 4.14 4.68 4.07 18 7 8 13 13.9 13.0 12.1 10.7 12.3 13.4
Total Market (286) 2,590,681 1.71 15.1
Book Val. Share
Cap.
Market
Cap.ROE
(%)
Trailing
DY (%)4Q
Trailing
4Q
Trailing
4Q
Trailing
Earnings EPS EPS Growth (%) PER
Softlogic Equity Research Page | 12
Softlogic Equity Research
Kavindu Ranasinghe [email protected] +94 11 7277031 Imalka Hettiarachchi [email protected] +94 11 7277032
Softlogic Equity Sales
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Branches
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