DIAL Share Information
|
|
- Colin McCormick
- 5 years ago
- Views:
Transcription
1 Index Volume Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 ASPI Index S&P SL Index DIAL Index Volume - Figure 1: Share Volumes & Relative Performance Vs. Market THE DIAL SHARE The Colombo Stock Exchange (CSE) recorded a growth in 17 ending a two-year continuous decline in indices. The ASPI and S&P SL gained 2.3% and 5.0% respectively. The growth in indices was predominantly driven by increased foreign participation. The first half of the year benefited from multiple tailwinds. The market was perceived as trading at cheap valuations which drew in foreign interest resulting in net foreign inflows exceeding Rs. 17.6Bn during the year. Pakistan being upgraded to MSCI Emerging Market Index led to passive funds reallocating its positions in Pakistani stocks across the remaining frontier market countries including Sri Lanka which also assisted foreign inflows. However, second half of the year witnessed a slowdown in the market driven by factors that in combination dampened overall earnings expectations. Unfavourable weather conditions impacted GDP growth whilst increased focus on fiscal consolidation by the government led to tax increases and rationalisation of government expenditure. The resulting high inflation, constrained consumer consumption and decline in aggregate demand led to pressure on CSE indices. The DIAL share outperformed the market during 17 and traded between a high of Rs and a low of Rs to close the year at Rs The share gained 23.8% on the back of improved financial performance making it one of the best performing stocks and to be among the top ten companies in terms of total market turnover in 17. MARKET CAPITALISATION The total market capitalisation of the Company increased by 23.8% to Rs Bn during the year compared to Rs. 85.5Bn in 16. Consequently, DIAL s contribution to overall market capitalisation on CSE improved 0.6 percentage points to record 3.7% by end 17. DIAL further consolidated its position as a premier stock on the CSE as it improved to number 4 position on the list of companies with highest market capitalisation. 50
2 17 Q4 Q3 Q2 Q1 16 Share Information Highest Price (Rs.) Lowest Price (Rs.) Closing Price (Rs.) Trading Statistics of DIAL Number of Transactions 5,717 1,634 1,112 1,642 1,329 6,331 Number of Shares Traded (Mn) Total Shares Traded (%) Public Float (%) (Note1) Turnover (Rs. Mn) 5,899 2, ,476 1,233 4,491 Avg. Daily Turnover (Rs. Mn) Total Market Turnover (%) Market Capitalisation (Rs. Mn) 105, ,869 98,540 97,725 92,025 85,510 Total Market Capitalisation (%) Table 1: Market Information on DIAL Share Note 1: The total number of shares traded as a percentage of the public float DIVIDENDS Dialog has maintained a progressive dividend over the years, after taking into consideration the Group performance and forward investment requirements to maintain leadership position in the market. The Board of Directors has resolved to propose for consideration by the of the Company, a cash dividend to ordinary shareholders amounting to Forty Six cents (Rs. 0.46) per share for FY 17. The said dividend, if approved by shareholders, would translate to a payout of 35% of consolidated Group Net Profit After Tax for FY 17. The total dividend proposed in FY 17 is Rs. 3.7Bn compared to Rs. 3.2Bn declared and paid out for the FY 16, representing an increase of 18%. Rs. Bn Rs Total Dividend Dividend per Share Figure 2: Distribution to and Dividend per Share Annual Report 17 51
3 TOTAL SHAREHOLDER RETURN The Total Shareholder Return (TSR) for the share was 27.5% in 17 due to the share price appreciation of 23.8% and Dividend per Share of 0.39 cents paid during the year. The TSR for the DIAL share outperformed the Market TSR (based on ASPI) and TSR based on S&P SL which recorded growth of 2.7% and 8.6% respectively in % -18.6% 27.5% TSR % Figure 3: Total Shareholder Return (%) EARNINGS PER SHARE The basic Earnings per Share (EPS) for the year was Rs compared to the EPS of Rs recorded in FY 16, an increase of 19.3% YoY. EPS is calculated by dividing the net profit attributable to shareholders by the number of ordinary shares in issue during the year. PRICE EARNINGS RATIO DIAL share was trading at 9.8x earnings as at 31 December 17 compared to 9.5x as at 31st December 16 as the share price grew at a higher rate than EPS reflecting the growing interest of investors on the share. However, DIAL share was trading at a lower earnings multiple to the market, which was recorded at 10.6x as at 31 December Market Cap (Rs. Bn) Market Value Added Positive / (Negative) - (Rs. Bn).3 (1.6) (21.2) Enterprise Value (Rs. Bn) EV/EBITDA (x) Basic EPS (Rs.) PER (x) Price to Book (x) Dividend Yield (%) Table 2: Trading Multiples RETURN ON EQUITY AND RETURN ON INVESTED CAPITAL The Return on Equity (ROE) for the Group increased to 18.6% in 17 from 17.8% in 16. Return on Invested Capital (ROIC) for the Group remained stable at 15.4% in % 17.8% 11.3% 10 ROE 15.4% 18.6% 15.4% ROIC Figure 4: Return on Equity and Return on Invested Capital PRICE TO BOOK RATIO The Price to Book ratio of the Group as at 31 December 17 was 1.7 times, compared to 1.6 times last year. 52
4 LIQUIDITY The liquidity level of the share improved in terms of both turnover and volume during the year. Total turnover was recorded at Rs. 5.9Bn for FY 17 representing an increase of 31.3% YoY with DIAL s turnover accounting for 2.7% of total market turnover, higher than 2.5% recorded in the previous year. The average daily turnover for the share was Rs. 24.5Mn during 17 which represented a 30.8% increase from previous year. On volume basis, liquidity improved with million shares being traded in FY 17, up 16.5% YoY. The free float of the share, being the number of shares of the issued capital freely available for trading, calculated by excluding all strategic holdings and shares held by Directors of the Company was 16.68%, remaining unchanged from previous year s close. COMPOSITION OF SHAREHOLDERS The total number of of DIAL decreased to,082 as at 31 December 17 compared to the,793 during the previous year. The public float of DIAL was at 16.68% as at 31 December 17. In terms of composition of the public float, foreign investors held 67% of the float, 29% was held by local institutional investors and 4% by local retail investors. 17 witnessed an increase in foreign investor interest in DIAL, accordingly foreign investor composition increased to 67% in 17 compared to 63% in the previous year. Composition of % Local Retail Investors Local institutional Investors Foreign Investors Figure 5: Trend in Composition of DISTRIBUTION OF SHAREHOLDERS No. of 31 December December 16 Shares Held Shares Held 1 to 1,000 10, ,179, , ,372, ,001 to 10,000 8, ,394, , ,842, ,001 to, ,369, ,260, ,001 to 1,000, ,316, ,1, Over 1,000, ,066,518, ,054,122, Total, ,143,778,405.00, ,143,778, * The issued Ordinary Shares of are listed on the Colombo Stock Exchange. * Stock exchange ticker symbol for Dialog Axiata shares : DIAL * Newswire codes Bloomberg : DIAL.SL Dow Jones : DIAL.SL Reuters : DIAL.CM % Table 3: Distribution of Annual Report 17 53
5 TWENTY LARGEST SHAREHOLDERS OF THE COMPANY No Name of Shareholder No. of Shares as at 31-Dec-17 % of Holding No. of Shares as at 31-Dec-16 % of Holding 1 Axiata Investments (Labuan) Limited 6,785,252, ,785,252, Employees Provident Fund 1,787, ,787, Citibank New York S/A Norges Bank Account 2 132,214, ,608, BNYM RE - UT Saga Tree LLC 118,595, HSBC Intl Nom Ltd - JPMCB-Scottish ORL SML TR GTI ,426, ,063, Pershing LLC S/A Auerbach Grayson & Co 63,039, HSBC Intl Nom Ltd - MSIP - Saga Tree Asia Master Fund 60,862, ,471, BNYMSANV RE - CF Ruffer Investment Funds : CF Ruffer Pacific Fund 57,314, ,314, HSBC Intl Nom Ltd - MSIP - Vittoria Fund - ST, L.P. 54,512, ,257, HSBC Intl Nom Ltd - JPMLU - T Rowe Price Funds SICAV 43,947, Northern Trust Company S/A Hosking Global Fund PLC 43,931, ,489, CB NY S/A International Finance Corporation 40,253, ,086, HSBC Intl Nom Ltd - State Street Luxembourg C/O SSBT - Alliancebernstein Next 50 Emerging Markets (Master) Fund Sicav - Sif S.C.SP. 38,024, Rubber Investment Trust Limited A/C # 01 32,168, ,168, Mellon Bank N.A. - UPS Group Trust 18,8, ,8, The Ceylon Investment PLC A/C # 02 18,797, ,797, HSBC Intl Nom Ltd - BBH - Prusik Asian Smaller Companies Fund Public Limited Company 18,0, HSBC Intl Nom Ltd - SSBT - Parametric Emerging Markets Fund 17,294, ,848, The Ceylon Guardian Investment Trust PLC A/C # 02 16,470, ,470, HSBC Intl Nom Ltd - SSBT - Parametric Tax - Managed Emerging Markets Fund 15,786, ,786, Table 4: Twenty Largest 54
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2017 Page 1 Report on Review of Condensed Consolidated Interim Financial Information To the Directors of Dialog
More informationDIALOG AXIATA PLC CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2018 Page 1 Report on Review of Condensed Consolidated Interim Financial Information To the Directors of Dialog
More informationTEEJAY LANKA PLC (Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements Period Ended 31 December 2017
(Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements 2017 Chairman s Review Teejay Group recorded strong profits coupled with a YoY growth in profit before tax of 7% for
More informationDIALOG AXIATA PLC AND ITS SUBSIDIARIES
Page 2 Balance sheet (all amounts in Sri Lanka Rupees thousands) As at 31 December 2010 As at 31 December 2009 Group Company Group Company ASSETS Non-current assets Property, plant and equipment 53,014,351
More informationTEEJAY LANKA PLC (Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements Year Ended 31 March 2018
(Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements 2018 Chairman s Review Teejay Group has recorded a strong performance during the fourth quarter delivering a YOY top
More informationHatton National Bank
HNB N Rs.242.5, HNB X Rs.182.0 Sanjeewa Fernando email : sanjeewa@ctclsa.lk Phone : +94 777 427439 04 June 2018 Sri Lanka Banks, Finance & Insurance Key Highlights 1Q2018 Results Update HNB reported a
More informationThe NPA ratio increased to 2.6% as at end of September 2017 while the total impairment charge for the period amounted to Rs 2.3 Bn.
Interim Financial Statements for the Nine Months ended 30th September 2017 1 Financial Commentary for the 09 months ended 30th september 2017 HNB Group Posts Rs 16.8 Bn PBT Group assets cross Rs 1 Trillion
More informationDialog Telekom PLC (DIAL)
Sri Lanka Equities Corporate Update Dialog Telekom PLC (DIAL) Rs. 6.25 78.00 BUY Rs. 28.00 26.00 Volume Adjusted Price Adjusted DIAL Price Volume Graph 250,000,000 Financial Year NPAT (Rs.m) NPAT after
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationFINANCIAL COMMENTARY FOR THE 03 MONTHS ENDED 31ST MARCH 2018
Interim Financial Statements For the three months ended 31st March 2018 1 FINANCIAL COMMENTARY FOR THE 03 MONTHS ENDED 31ST MARCH 2018 HNB Group records Rs 7.2 Bn PBT in Q1 Group PAT Rs 5 Bn Bank Cost
More informationTEEJAY LANKA PLC (Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements Period Ended 30 September 2017
(Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements 2017 Chairman s Review Teejay Group continued its revenue growth recording 16% YoY for the 2nd Quarter, stemming from
More informationCHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 31ST MARCH 2017 CONTENTS. Interim Comprehensive Income Statement
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 31ST MARCH 2017 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 31ST MARCH 2017 CONTENTS Interim Comprehensive Income Statement Interim
More informationCHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 30TH JUNE 2017 CONTENTS. Interim Comprehensive Income Statement
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 30TH JUNE 2017 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 30TH JUNE 2017 CONTENTS Interim Comprehensive Income Statement Interim
More informationCEYLON COLD STORES PLC (PQ4) No. 117, Sir Chittampalam A Gardiner Mawatha 1 Colombo 02
No. 117, Sir Chittampalam A Gardiner Mawatha 1 CONSOLIDATED INCOME STATEMENT For the three months ended 30th June 2017 2016 Change % Continuing operations Sale of goods 12,342,740 10,279,427 20 Revenue
More information" NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC. INTERIM FINANCIAL ACCOUNTS (Unaudited)
IN TERMS OF RULE 7.4 OF THE COLOMBO STOCK EXCHANGE " NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC INTERIM FINANCIAL ACCOUNTS (Unaudited) FOR THE THREE MONTHS PERIOD ENDED 3th JUNE 217 CORPORATE INFORMATION
More informationCEYLON INVESTMENT PLC
INTERIM REPORT FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2017 A CARSON CUMBERBATCH COMPANY Sept Dec Mar June Sept Dec Mar June Sep Dec Mar June Sep Dec Mar June Sep Dec Mar June Sep Managers Review For the
More information7. Foreign Investments in India
81 7. 7.1 Introduction Since 1992, Foreign Institutional Investors (FIIs) have been allowed to invest in all traded securities on the primary and secondary markets, including shares, debentures and warrants
More informationINTERIM FINANCIAL STATEMENTS - 31ST MARCH 2014 CONTENTS
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 31ST MARCH 2014 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 31ST MARCH 2014 CONTENTS Managing Director's Statement Interim Comprehensive
More informationFINANCIAL COMMENTARY FOR THE 06 MONTHS ENDED 30TH JUNE 2018
Interim Financial Statements For the six months ended 30th June 2018 1 FINANCIAL COMMENTARY FOR THE 06 MONTHS ENDED 30TH JUNE 2018 HNB Group records PBT of Rs 14.1 Bn in 1H 2018 Bank Cost to Income ratio
More informationCHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2013
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2013 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 30TH SEPTEMBER 2013 CONTENTS Managing Director's Review Interim
More informationTEEJAY LANKA PLC. (Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements Period Ended 31 March 2017
(Formerly known as TEXTURED JERSEY LANKA PLC) Condensed Interim Financial Statements Period Ended 2017 Chairman s Review In spite of continuing uncertainty in global market conditions, Teejay Group endured
More informationINCOME STATEMENT BANK GROUP
Interim Financial Statements for the Nine Months Ended 30th September 2014 1 INCOME STATEMENT BANK GROUP For the 9 months ended 30th September For the quarter ended 30th September For the 9 months ended
More informationCHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 31ST DECEMBER 2017
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 31ST DECEMBER 2017 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 31ST DECEMBER 2017 CONTENTS Interim Income Statement Interim Statement
More information" NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC. INTERIM FINANCIAL ACCOUNTS (Unaudited)
IN TERMS OF RULE 7.4 OF THE COLOMBO STOCK EXCHANGE " NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC INTERIM FINANCIAL ACCOUNTS (Unaudited) FOR THE NINE MONTHS ENDED 31st DECEMBER 217 CORPORATE INFORMATION
More informationMonthly Mutual Fund Report
July, Monthly Mutual Fund Report Statistics for May-June Sales and Redemptions Total assets for all funds increased in May by $9. billion, or., to $.7 trillion. Money market funds had a net cash outflow
More informationCommercial Bank of Ceylon PLC (COMB) Rs
Sri Lanka Equities CORPORATE UPDATE August 2009 John Keells Stock Brokers (Pvt) Ltd. A JKSB Research Publication Yolan Seimon yolan@jkstock.keells.com Commercial Bank of Ceylon PLC (COMB) Rs 145.00 BUY
More informationAnalysis of Sectoral Performance & Market Opportunities 15 AUGUST 2017
Analysis of Sectoral Performance & Market Opportunities 15 AUGUST 2017 Candor Research By Ravi Abeysuriya, CFA Group Director, Candor President, Colombo Stock Brokers Association (CSBA) President, Association
More informationCHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2017
CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2017 CHEVRON LUBRICANTS LANKA PLC INTERIM FINANCIAL STATEMENTS - 30TH SEPTEMBER 2017 CONTENTS Interim Comprehensive Income Statement
More informationCEYLON GUARDIAN INVESTMENT TRUST PLC
INTERIM REPORT FOR THE NINE MONTHS ENDED 31ST DECEMBER 2017 A CARSON CUMBERBATCH COMPANY Dec Mar June Sep Dec Mar June Sep Dec Mar June Sept Dec Mar June Sept Dec Mar June Sep Dec CEYLON GUARDIAN INVESTMENT
More informationAsia s strongest brand in banking, banking the world s strongest economies
Credit Suisse Investor Conference Peter Wong, Chief Executive, HSBC Asia-Pacific Asia s strongest brand in banking, banking the world s strongest economies 21 March 2011 www.hsbc.com Forward-looking statements
More informationINCOME STATEMENT - GROUP
INTERIM FINANCIAL STATEMENTS For the year ended December 31, 2017 INCOME STATEMENT - GROUP 2 For the year ended For the quarter ended 31.12.2017 31.12.2016 Change 31.12.2017 31.12.2016 Change ( Audited)
More informationLooking at a Variety of Municipal Valuation Metrics
Looking at a Variety of Municipal Valuation Metrics Muni vs. Treasuries, Corporates YEAR MUNI - TREASURY RATIO YEAR MUNI - CORPORATE RATIO 200% 80% 175% 150% 75% 70% 65% 125% Average Ratio 0% 75% 50% 60%
More informationCEYLON GUARDIAN INVESTMENT TRUST PLC
INTERIM REPORT FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2012 A CARSON CUMBERBATCH COMPANY Dec Mar June Sep Dec Mar June Sep Dec Mar June Sep Dec Mar June Sep Dec Mar June Sep Index Composit Ceylon Guardian
More information" NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC. INTERIM FINANCIAL ACCOUNTS (Unaudited)
IN TERMS OF RULE 7.4 OF THE COLOMBO STOCK EXCHANGE " NIPPON CEMENT " TOKYO CEMENT COMPANY (LANKA) PLC INTERIM FINANCIAL ACCOUNTS (Unaudited) FOR THE THREE MONTHS PERIOD ENDED 3th JUNE 218 CORPORATE INFORMATION
More informationCommercial Bank of Ceylon Ltd (COMB)
Rs. 146.00 180 160 140 120 100 80 60 40 Price Volume Sri Lanka Equities Corporate Update Commercial Bank of Ceylon Ltd (COMB) COMB PRICE - VOLUME GRAPH Price 01-Apr-03 09-May-03 17-Jun-03 18-Jul-03 21-Aug-03
More informationFINANCIAL COMMENTARY FOR THE 09 MONTHS ENDED 30TH SEPTEMBER 2018
Interim Financial Statements For the nine months ended 30th September 2018 1 FINANCIAL COMMENTARY FOR THE 09 MONTHS ENDED 30TH SEPTEMBER 2018 HNB 9 months Group PAT at Rs 14.5 Bn Cost to Income improves
More informationNATIONAL DEVELOPMENT BANK PLC INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2015
NATIONAL DEVELOPMENT BANK PLC INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2015 13 August 2015 Chairman s Message Financial Performance H1-2015 National Development Bank PLC Performance
More informationLion Brewery (Ceylon) PLC
Lion Brewery (Ceylon) PLC Interim Condensed Financial Statements for the Second Quarter ended 30th September 2018 Review On a turnover of Rs. 20.37 bn, the Company has earned a pre tax profit of Rs. 2.48
More informationCEYLON GUARDIAN INVESTMENT TRUST PLC
INTERIM REPORT FOR THE SIX MONTHS ENDED 30TH SEPTEMBER 2018 A CARSON CUMBERBATCH COMPANY Managers Review For the period ended 30th September 2018 Adoption of SLFRS 9 and market decline leads to reversal
More informationCargills (Ceylon) PLC Condensed Interim Financial Statements for the six months ended 30 September 2018.
Cargills (Ceylon) PLC Condensed Interim Financial Statements for the six months ended 30 September 2018. Contents Management Review 01 Statement of Profit or Loss and Other Comprehensive Income 02 Statement
More informationINTERIM FINANCIAL STATEMENTS
INTERIM FINANCIAL STATEMENTS MONTHS ENDED 30TH 2017 CSE stock code: NDB.N0000 Bloomberg: NDB SL Reuter s: NDB.CM Table of Contents Performance commentary 2 Financial statements published as per Rule 7.4
More informationAitken Spence Hotel Holdings PLC Interim Statement
Interim Statement ( For the nine months ended 2013 ) Consolidated Income Statement Quarter ended Nine months ended 2013 2012 Change 2013 2012 Change Rs. 000 Rs. 000 % Rs. 000 Rs. 000 % Gross Revenue 3,405,129
More informationChinaAMC China Opportunities Fund Fund Factsheet
ChinaAMC China Opportunities Fund Fund Factsheet As of 30 November 2012 37/F, Bank of China Tower, 1 Garden Road, Hong Kong This Fund has not been authorized by the Hong Kong Securities and Futures Commission
More informationCEYLON GUARDIAN INVESTMENT TRUST PLC
INTERIM REPORT FOR THE THREE MONTHS ENDED 30TH JUNE 2017 A CARSON CUMBERBATCH COMPANY Managers Review For the period ended 30th June 2017 Financials and portfolio performance The Ceylon Guardian portfolio
More informationJapan Securities Finance Co.,Ltd
Japan Securities Finance Co.,Ltd \ mil ( )ratio of OR Mar-13 Mar-14 Securities Finance Bussiness 14,093 16,363 Margin Loan Business 6,625 9,240 (37.5%) (47.2%) Interest on Loans 1,760 4,012 Interest
More informationDialog Axiata PLC Sri Lanka's Premier Connectivity Provider
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q4 2015 Results 17 th February 2016 an axiata company Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2 Dialog
More informationMarkets at a Glance. India Q2 CY For Distributors use only
Markets at a Glance India Q CY 17 For Distributors use only India Macro Economy Trade Inflation Monetary Sector Valuations Liquidity Macro Economy GDP Emerging vs Developed (In % YoY) Credit Growth vs
More informationFoundations of Investing
www.edwardjones.com Member SIPC Foundations of Investing 1 5 HOW CAN I STAY ON TRACK? 4 HOW DO I GET THERE? 1 WHERE AM I TODAY? MY FINANCIAL NEEDS 3 CAN I GET THERE? 2 WHERE WOULD I LIKE TO BE? 2 Develop
More informationLooking to the medium term
Looking to the medium term Issued: 4 September 2013 Legal notice This presentation has been prepared to inform investors and prospective investors in the secondary markets about the Group and does not
More informationANNOUNCEMENT OF PRELIMINARY RESULTS
The leading high service distributor to engineers worldwide ANNOUNCEMENT OF PRELIMINARY RESULTS YEAR ENDED 31 MARCH 2009 29 May 2009 Agenda Overview and current trading Ian Mason Financial performance
More informationKENANGA INVESTMENT CORPORATION LTD
Yield LKR Mn Economic Indicators: LKR/USD 14.54 (.46% WoW) AWPR: 7.15% (1.56% WoW) AWDR: (.17% MoM) ASPI: 7,96 (.14% WoW) S&P SL2: 3,82 (.55% WoW) 1 11.5% 1 1.5% 1 9.5% 9.% 8.5% 7.5% 6.5% Government Securities
More informationSeptember 30, 2013
www.cempindex.com September 30, 2013 Compass Efficient Model Portfolios Compass EMP was founded in 1996. Compass EMP has served as consultants to large institutions such as governments, endowments, foundations,
More informationThree-speed recovery. GDP growth. Percent Emerging and developing economies. World
Three-speed recovery GDP growth Percent 1 8 6 4 2-2 -4-6 198 1985 199 1995 2 25 21 215 Source: IMF WEO; Milken Institute. Emerging and developing economies Advanced economies World Output is still below
More informationCommon stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
More informationExecutive Summary. July 17, 2015
Executive Summary July 17, 2015 The Revenue Estimating Conference adopted interest rates for use in the state budgeting process. The adopted interest rates take into consideration current benchmark rates
More informationCEMEX Cement. Quarterly Report February 9, CEMEX remains on track to regain its investment grade.
Quarterly Report CEMEX Market Outperformer 2017 Price Target US$11.0 Price 8.9 12M Price Range 4.1/9.5 Shares Outstanding (Mill)* 1,545 Market Cap USD (Mill) 13,797 Float 78.6% Net Debt USD (Mill)** 12,516
More informationCargills (Ceylon) PLC (CARG) 1QFY15 results
Sri Lanka Beverage, Food & Tobacco EQUITY RESEARCH Earnings review note 02 September 2014 Cargills (Ceylon) PLC (CARG) 1QFY15 results Key highlights and outlook Revenue grows, while margins are impacted
More informationBuilding on our foundation of over 170 Years
Building on our foundation of over 170 Years Cargills (Ceylon) PLC Condensed Interim Financial Statements Three months ended 30 June 2017 Cargills (Ceylon) PLC Condensed Interim Financial Statements June
More informationDISTILLERIES COMPANY OF SRI LANKA PLC
INTERIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 st MARCH 2018 STATEMENTS OF COMPREHENSIVE INCOME For the year ended 31st March 2018 2018 2017 Variance Rs.'000s Rs.'000s % Unaudited Audited Gross Revenue
More informationSpheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
More informationKENANGA INVESTMENT CORPORATION LTD
Yield KENANGA INVESTMENT CORPORATION LTD LKR/USD Change Yield % Sri Lankan Economic Update Weekly 29 th May 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic Indicators: LKR/USD 136.33 (1.16%
More informationROYAL CERAMICS LANKA PLC
INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH JUNE 2017 STATEMENT OF FINANCIAL POSITION COMPANY GROUP AS AT 30.06.2017 31.03.2017 30.06.2017 31.03.2017 Rs. 000's Rs.000's Rs. 000's Rs.000's ASSETS
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 2008
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE FIRST QUARTER 28 Financial Sector Quarterly
More informationIGI Life. Funds Performance Report January IGI Life Insurance Limited
IGI Life Funds Performance Report January 2019 IGI Life Insurance Limited July 2015 Macro Review and Outlook: Headline inflation at +7.2% above market consensus CPI Inflation On the domestic macroeconomic
More informationNet Profit 5,051 4,588 4,641 (8.1)% 1.1% 14,208 15, %
RESULTS REVIEW Share Data Market Cap Rs. 83 bn Price Rs. 202.5 BSE Sensex 15,566.10 Reuters Bloomberg Avg. Volume (52 Week) CNBK.BO CBK IN 0.1 mn 52-Week High/Low Rs. 421.45 / 198.05 Shares Outstanding
More informationGFAMSA Retail. Quarterly Report July 29, GFAMSA Market Performer 12M FWD Price Target P$8.6
Quarterly Report GFAMSA Market Performer 12M FWD Price Target P$8.6 Price 7.8 12M Price Range 6.77 / 15.34 Shares Outstanding (Mill) 562 Market Cap (Mill) 4,383 Float 36% Net Debt (Mill) 27,728 EV (Mill)
More informationSri Lankan Banking Sector
Contents Executive Summary 03 Banking Sector Growth The Economy 05 Credit Growth 06 Loans 07 Deposits 09 Borrowings 10 Risks in the Banking System Credit Risk 11 Interest Rate Risk 12 Exchange Rate Risk
More informationDialog Axiata PLC Sri Lanka's Premier Connectivity Provider
Dialog Axiata PLC Sri Lanka's Premier Connectivity Provider Q2 2016 Results 10 th August 2016 an axiata company Dialog Group Performance Dialog Axiata Company Performance Subsidiary Performance 2 Dialog
More informationCapturing equity gains whilst protecting portfolios
Capturing equity gains whilst protecting portfolios Edward Park Q2 2018 MSCI North America Total Return in USD (2017 Discrete Calendar Months) 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0% 0.00% Jan-17
More informationBUSINESS MODEL AND STRATEGIC DIRECTION
BUSINESS MODEL AND STRATEGIC DIRECTION HNB Group HNB Assurance PLC Life Insurance 60% owned listed subsidiary HNB General Insurance Ltd 100% owned General Insurance company HNB PLC Sithma Development Ltd
More informationHEMAS HOLDINGS PLC INTERIM REPORT Q1-2017/18 ENGAGE. EMPOWER.
HEMAS HOLDINGS PLC INTERIM REPORT Q1-2017/18 ENGAGE. EMPOWER. WWW.HEMAS.COM CEO s Review Hemas Holdings PLC (HHL) and its subsidiaries achieved a consolidated revenue of Rs.11.4Bn; a year-onyear (YoY)
More informationMonthly Mutual Fund Report
February, 199 Monthly Mutual Fund Report Statistics for December 1997 Year - End Report Sales and Redemptions Total assets for all funds increased $.7 billion, or 1.3, to $. trillion in December. Net new
More informationSummit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri
Summit Strategies Group 8182 Maryland Avenue, 6th Floor St. Louis, Missouri 63105 314.727.7211 Quarterly Review Global Equity Market Update GLOBAL EQUITY MARKETS CALENDAR YEAR RETURNS 2002 2003 2004 2005
More informationANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 21
July 2017 FC Research ANALYST CERTIFICATIONS AND REQUIRED DISCLOSURES BEGIN ON PAGE 21 Monetary Policy Review..... 3 Rating Outlook: Moody s... 4 Inflation... 5 M2B & Sector Credit... 7 Reserves & Liquidity...
More informationBharat Forge. Result Update. Q4FY13 Result Highlights. Valuation. No Respite in Sight May 29, Institutional Research 1
[ Result Update Equity India Forging & Industrials Bharat Forge Ltd. No Respite in Sight May 29, 2013 CMP (`) Target (`) 241 238 Potential Upside Absolute Rating (1.24)% HOLD Market Info (as on May 28,
More informationRamayana Lestari (RALS IJ)
Ramayana Lestari (RALS IJ) HOLD (Unchanged) 29 March 2018 Results Note Equity Indonesia Retail Stock Data Target price (Rp) Prior TP (Rp) Shareprice (Rp) Rp1,185 Rp1,030 Rp1,280 Upside/downside (%) (7.4)
More informationMalaysia. abc. *Employed by a non-us affiliate of HSBC Securities (USA) Inc, and is not registered/qualified pursuant to FINRA regulations
July 212 Neel Sinha* Head of Research, Southeast Asia The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch +65 6658 658 neelsinha@hsbc.com.sg *Employed by a non-us affiliate of HSBC
More informationHEMAS HOLDINGS PLC INTERIM REPORT Q4-2017/18 ENGAGE. EMPOWER.
HEMAS HOLDINGS PLC INTERIM REPORT Q4-2017/18 ENGAGE. EMPOWER. WWW.HEMAS.COM CEO s Review Hemas Holdings PLC (HHL) reported full year consolidated revenue of Rs.50.9Bn, an increase of 17.2% over last year
More informationResearch Department Bangladesh Bank
Capital Market Developments in Bangladesh* January-March, 2017 Research Department Bangladesh Bank *Prepared by Special Studies Division, Research Department, Bangladesh Bank (Central Bank of Bangladesh).
More informationVoya Indexed Universal Life-Protector
calculation examples Values as of 07/28/2018 Voya ed Universal Life-Protector Issued by Security Life of Denver Insurance Company Required training! VFA Registered Representatives must review the Required
More informationHEMAS HOLDINGS PLC INTERIM REPORT ENGAGE. EMPOWER.
HEMAS HOLDINGS PLC INTERIM REPORT Q3 Q1-2016/17 2017/18 ENGAGE. EMPOWER. WWW.HEMAS.COM CEO s Review Hemas Holdings PLC (HHL) and its subsidiaries reported a consolidated revenue of Rs.35.6Bn; a year-onyear
More informationHOLD. Deleveraging story playing out RAMCO CEMENTS. Target Price: Rs 503. Q4 performance
RAMCO S HOLD Target Price: Rs 503 Deleveraging story playing out Ramco Cements total debt reduced by a massive Rs 5 bn to Rs 22 bn in FY16. The company generated total EBITDA of Rs 11.5 bn in FY16 and
More informationKENANGA INVESTMENT CORPORATION LTD
Rate (%) Yield (%) KENANGA INVESTMENT CORPORATION LTD Rate (%) LKR/USD Rate(%) (%) Yield(%) Change(%) Sri Lankan Economic Update Weekly 14 th Aug 215 COUNTRY RATING: FITCH: BB-, S&P: B+, MOODY S: B1 Economic
More informationSRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE SECOND QUARTER Highlights
SRI LANKA FINANCIAL SECTOR QUARTERLY UPDATE SECOND QUARTER 22 Highlights Introduction : This note is prepared by the World Bank Colombo Office to review the trends of some of the key indicators which have
More informationPower. Schroder Asian Income. your way to higher yields. p.a.
Schroder Asian Income POTENTIAL PAYOUTS 6% PAID MONT HLY* p.a. Power your way to higher yields * It is Schroder Investment Management (Singapore) Ltd s (the Manager s ) current intention to declare distributions
More information- Victor Haghani, Founder Elm. Watch the full talk here
"After more than 20 years in finance, from the LSE to Salomon Brothers to LTCM, you d have thought that I d have figured out how to invest my family s savings. Well, it was 2002, I just turned 40, and
More informationAviva plc Annual General Meeting, 29 April 2009
Aviva plc Annual General Meeting, 29 April 2009 Aviva plc Annual General Meeting, 29 April 2009 Colin Sharman Chairman Aviva plc Annual General Meeting, 29 April 2009 Aviva plc Annual General Meeting,
More information2nd December 02 To 29th June 12, Performance Based in NAV : Singapore Dollar. Subscription Cash, CPF-OA, SA & SRS Perf NAV NAV^ BM
GrowthPath Portfolios Fund Details Fund Objective October 2002 quantitatively measured risk that investors on average may be willing to accept given their FUND SIZE investment time horizon. Each Portfolio
More informationInterim Financial Statement - For the six months ended June 30, to prosperity
Interim Financial Statement - For the six months ended June 30, 2014 to prosperity Income Statement - Group 2 For the six months ended For the quarter ended 30.06.2014 30.06.2013 Change 30.06.2014 30.06.2013
More informationXML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
More informationMCX Ltd. Rating: Target price: EPS: Tepid volume growth continues. Target. Rating CMP. Rs. 1,080 SELL. Rs. 1,176
: price: EPS: Tepid volume growth continues 4QFY15 traded volumes in MCX showed a small improvement sequentially whereas declined yoy. FY15 traded Values are at a sever year low. We retain our cautious
More information2018 The year of promise
2018 The year of promise January 2018 Tushar Pradhan, Chief Investment Officer We have come a long way in 2017 Source: Kotak Institutional Equities Dec 2017 Key events and performance of the Indian market
More informationBuy. Morning Call. Bank Al-Falah Limited (BAFL) IFC Capital Injection; EPS Accretive; Revised Earnings, BUY. November 10, 2014
Morning Call November 10, 2014 Bank Al-Falah Limited (BAFL) Banks IFC Capital Injection; EPS Accretive; Revised Earnings, BUY Buy Target Price 38.3 Last Closing Upside 22.3% KSE Code Bloomberg Code Market
More informationQUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
More informationSIEMENS INDIA LIMITED RESEARCH
RESULTS REVIEW Siemens India Limited Hold Share Data Market Cap Rs. 196.1 bn Price Rs. 581.6 BSE Sensex 14,961.07 Reuters Bloomberg Avg. Volume (52 Week) SIEM.BO SIEM IN 0.2 mn 52-Week High/Low Rs. 1,142.5
More informationEquity Research
Equity Research research@armsecurities.com.ng +234 1 270 1652 7 November 2016 Flour Mills of Nigeria Plc Earnings Report 6 months ended 30 th September, 2016 Price hikes offset input cost pressures (NEUTRAL:
More informationGUARDIAN ACUITY ASSET MANAGEMENT LIMITED Unit Trust Funds
GUARDIAN ACUITY ASSET MANAGEMENT LIMITED Unit Trust Funds Interim Report 2018 Fund Information Fund Objective Guardian Acuity Equity Fund To achieve medium to long term capital appreciation Guardian Acuity
More informationNATIONAL DEVELOPMENT BANK PLC INTERIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015
NATIONAL DEVELOPMENT BANK PLC INTERIM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015 12 February 2016 Performance commentary FY 2015 NDB Group crosses LKR 300 billion in Total Assets National
More informationBHEL SELL RESULTS REVIEW 1QFY15 13 AUG CMP (as on 12 Aug 2014) Rs 224 Target Price Rs 188
RESULTS REVIEW 1QFY15 13 AUG 2014 BHEL SELL INDUSTRY CAPITAL GOODS CMP (as on 12 Aug 2014) Rs 224 Target Price Rs 188 Nifty 7,727 Sensex 25,881 KEY STOCK DATA Bloomberg/Reuters BHEL IN/BHEL.BO No. of Shares
More informationABB LTD (INDIA) RESEARCH
RESULTS REVIEW Share Data Market Cap Rs. 168.6 bn Price Rs. 795.80 BSE Sensex 16,741.30 Reuters Bloomberg Avg. Volume (52 Week) ABB.BO ABB IN 0.11 mn 52-Week High/Low Rs. 856.95 / 344 Shares Outstanding
More information