VANTAGE POINT LOLC Securities Limited Monthly Issue April 215 Focus: Market closed the week with losses in both indices mainly due to negative impact from JKH. (JKH dragged the ASPI ind Inside Story >>Globetrotter Monthly movements of top equity, commodity, currency and bond markets around the world and data related to major economies >>Macroscope Movements of the key economic indicators consisting of interest rates, inflation, external trade, key industries in Sri Lanka >>Market Direction Research Contacts Key indicators of the Sri Lankan equity market including major indices, foreign trades, technical aspects and regional comparison >>Counter of Focus A brief overview about a listed company in the Sri Lankan equity market including fundamental aspects. Shehan Bartholomeuz +94 11 788835 shehanb@lolcsecurities.com Gayan Rajakaruna +94 11 788837 gayanraj@lolcsecurities.com >>Relative Valuation Grid Hiruni Perera +94 11 78889 Consists of selected listed counters in the Sri Lankan equity market and their key fundamental and technical indicators and a list of counters trading below their respective net asset values. hirunipe@lolcsecurities.com 15-May-215
Equity Markets : Globetrotter Sensex Index closed negative Commodity prices decline Dollar depreciates US bond yield rises Equity markets in general closed positive except for Sensex (India) which felt on worries of retrsospective taxation of foreign funds, slowing reforms, and concerns over muted corporate earnings. S&P 5 Chg% M 1.25% FTSE 1 (UK) Chg% M: 2.22% Nikkei (Japan) Chg% M: 2.55% 2,14 2,12 2,1 2,8 2,6 2,4 2,2 7,2 7,1 7, 6,9 6,8 6,7 6,6 2,5 2, 19,5 19, 18,5 18, Source: Bloomberg Source: Bloomberg Source: Bloomberg Sensex (India) Chg% M -4.42% STI (Singapore) Chg% M: 1.17% HSI (Hong Kong)Chg% M: 12.16% 29,5 29, 28,5 28, 27,5 27, 26,5 26, 25,5 3,56 3,54 3,52 3,5 3,48 3,46 3,44 3,42 3,4 29, 28, 27, 26, 25, 24, 23, 4/1/15 4/13/15 4/25/15 Source: Bloomberg Source: Bloomberg Source: Bloomberg Most Commodities closed on a negative note although Oil prices stabilised during mid of April. Copper prices gained Commodity Markets: during the month despite decline in prices witnessed in early months owing to rising stocks, Weak demand and new supplies. Crude Oil (WTI) Chg% M: 15.23% Gold Chg% M: -1.62% Copper Chg% M: 4.93% 65 6 55 5 45 4 1,22 1,21 1,2 1,19 1,18 1,17 1,16 295 29 285 28 275 27 265 26 255 Source: Bloomberg Source: Bloomberg Source: Bloomberg Corn Chg% M: -5.4% Silver Chg% M: -4.72% Palm Oil Chg% M: -2.41% 39 38 37 36 35 34 17.5 17. 16.5 16. 15.5 15. 2,25 2,2 2,15 2,1 2,5 2, Source: Bloomberg Source: Bloomberg Source: Bloomberg
Currency and Bond Market: Dollar depreciated during the month although it gained against Euro. US and Euro bond yields rose during the month. Currency GBP:USD USD:CNY USD:JPY EUR:USD AUD:USD USD:SGD USD:IDR USD:THB USD:MYR USD:INR Chg % M USD Index Chg% M: -3.65% 1.54 3.56% 6.2.8% 119.38 -.32% 1.12 4.28%.79 4.1% 1.32-2.9% 12963. -.65% 33.2 1.66% 3.56-3.67% 59.89 1.48% Source: Bloomberg 1. 99. 98. 97. 96. 95. 94. 93. 92. Bond Market Yields Europe (1year) 2 bps US (1 year) 17 bps Japan (1 year) -5 bps.4.3.2.1. 2.1 2 1.9 1.8 1.7 1.6 1.5 1.4.5.4.3.2.1 Source: Bloomberg Source: Bloomberg Source: Bloomberg Country Pick : Sweden Sweden has a desirable standard of living under a mixed system of high-tech capitalism and extensive welfare benefits. Until 28, Sweden was in the midst of a sustained economy driven by increased domestic demand and strong exports. Swedish economy faced with the recession in the third quarter of 28 and the contraction continued into 29 as deteriorating global conditions reduced export demand and consumption. Strong exports of commodities and a return to profitability by Sweden's banking sector drove a rebound in 21, but growth slowed in 213, as a result of continued economic weakness in the EU - Sweden s main export market and remained weak in 214. (Source: CIA Factbook and Bloomberg) GDP Main Industries Population Currency Labour Force $434.2 billion Swedish Kroner (NOK) 5.124 million Unemployment Rate 7.9% Inflation -.1% AWPR 2.8% Borrowings Iron,steel and wood pulp 9,723,89 $1.39 trillion Equity Market Cap Main Index PE $72 Billions SAX Index 15.55 Source: CIA Factbook and Bloomberg Worries over global growth continue to plague investors with weaker GDP reports in the China, UK and USA. In the UK, first quarter GDP fell to just.3%, very close to the General Election. However UK markets remained untroubled despite the political landscape remaining so uncertain. The FTSE 1 hit new highs in April, gilt yields remain at low levels, and sterling has even risen against the dollar and euro in recent weeks. Meanwhile speculation has risen that the People s Bank of China (PBOC) is also preparing to join the growing list of central banks and launch a QE programme. Greek government has made no serious attempt to produce policies that could resolve the crisis within the Eurozone, which means the likelihood of a Grexit is increasing.
1-Jan-12 1-Apr-12 1-Jul-12 1-Oct-12 1-Jan-13 1-Apr-13 1-Jul-13 1-Oct-13 1-Jan-14 1-Apr-14 1-Jul-14 1-Oct-14 1-Jan-15 31-Jan-13 28-Feb-13 31-Mar-13 4/31/213 31-May-13 3-Jun-13 31-Jul-13 31-Aug-13 3-Sep-13 31-Oct-13 3-Nov-13 31-Dec-13 31-Jan-14 28-Feb-14 31-Mar-14 3-Apr-14 31-May-14 1-Jun-14 2-Jul-14 2-Aug-14 2-Sep-14 2-Oct-14 2-Nov-14 31-Nov-14 31-Dec-14 28-Feb-15 31-Mar-15 1-Jan-12 1-Apr-12 1-Jul-12 1-Oct-12 1-Jan-13 1-Apr-13 1-Jul-13 1-Oct-13 1-Jan-14 1-Apr-14 1-Jul-14 1-Oct-14 1-Jan-15 Bank of Ceylon People's Bank Hatton National Bank Commercial Bank of Ceylon Sampath Bank Seylan Bank Union Bank of Colombo Pan Asian Banking Corporation Nations Trust Bank DFCC Vardhana Bank NDB Bank Amana Bank HSBC Standard Chartered Bank Citi Bank Deutsche Bank Habib Bank Indian Bank Indian Overseas Bank MCB Bank State Bank of India Public Bank ICICI Bank Cargills 5.9 5.95 6.97 7 6.79 6.56 7.49 7.4 7.19 7.26 7.1 7.23 7.5 7.35 7.5 7.35 6.97 6.85 6.88 7.19 6.98 6.88 6.87 7.4 7.3 7.25 6.96 7.47 7.28 7.7 7.86 7.75 7.69 8.14 8.35 7.95 8 8 7.93 8.29 8.5 8.45 9.13 8.78 8.9 8.69 8.71 9.9 19.11.213 19.2.214 23.5.214 19.8.214 18.11.214 19.2.215 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Oct-14 Nov-14 Jan-15 Mar-15 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 Monetary sector Macroscope Inflation is stable at.1% AWPR decreases T bill rates declines further Foreign reserves decline Tbill Rate (364 days) AWPR Yield Curve % 8. 7.5 7. 6.5 6. 5.5 5. 7.4 7.2 7. 6.8 6.6 6.4 6.2 6. % % 12 1 8 6 today year ago month ago 4 3MO 6MO 1YR 2YR 3YR 4YR 5YR 7YR 1YR15YR Source: Bloomberg Source: Bloomberg Source: Bloomberg Excess Liquidity Inflation Exchange Rate 14 12 1 8 6 2 4-2 LKR Bn 6 5 4 3 2 1 % LKR/USD 134. 133. 132. 131. 13. 129. 128. 1/1/14 Source: CBSL Source: Bloomberg Source: Bloomberg Bank wise AWPR 9.5 9 8.5 8 7.5 7 6.5 6 5.5 5 % this month previous month Source: CBSL External Sector Trade Balance Exports and Imports Reserves USD Mn -2-4 -6-8 -1 USD Mn Exports Imports 2,5 2, 1,5 1, 5 USD Mn 1, 9, 8, 7, 6, 5, 4, 3, 2, 1, -12-14 Source: CBSL Source: CBSL Source: CBSL
4-Apr-12 4-Jul-12 4-Oct-12 4-Jan-13 4-Apr-13 4-Jul-13 4-Oct-13 4-Jan-14 4-Apr-14 4-Jul-14 4-Oct-14 4-Jan-15 4-Apr-15 4-Apr-12 4-Jul-12 4-Oct-12 4-Jan-13 4-Apr-13 4-Jul-13 4-Oct-13 4-Jan-14 4-Apr-14 4-Jul-14 4-Oct-14 4-Jan-15 4-Apr-15 LKR/Kg LKR/Kg January February March April May June July August September October November December North America Western Europe Eastern Europe Middle East East Asia South Asia Australia Others 1,364 1,41 5,514 6,16 5,32 5,484 5,868 5,325 1,844 11,675 18,416 122,217 24,292 156,246 165,541 15751 27,954 37,369 34,964 32,97 Tourism Tourist Arrivals Tourist Arrivals by Destination 2, 18, 16, 214 215 4, 35, 3, April-214 April-215 14, 25, 12, 1, 8, 6, 2, 15, 1, 4, 5, 2, Source: SLTDA, Daily FT Source: SLTDA Tourist Arrivals for the month of April 215 stood at 122217 posting a growth of 9% YOY. YTD tourist Arrivals for 215 was 6155. Maximum number of arrivals was witnessed from the Western Europe region while the figure stood at 34964, with a growth rate of -6%. Tea & Rubber Auction Tea Auction Prices Rubber Auction Prices High Medium Low Latex Scrap Sheet 6 5 55 45 5 4 45 4 35 3 35 3 25 25 2 2 15 Source: forbesteaportal Source: CRTA Tea prices continued the decline due to subdued demand from Russia and Middle East which are our biggest export destination. However industry is expected to recover some of its lost momentum due to the current stabilisation of the rouble and the shifts in the foreign policies in the Middle East. Rubber prices continued to fall during the month of April as a part of the global trend of declining commodity prices. Inflation, as measured by the change in the CCPI which is computed by the Department of Census and Statistics, remained unchanged at.1 per cent as recorded in the previous month, on an year-on-year basis, in April 215. Annual average inflation declined from 2.5 per cent in March 215 to 2.1 per cent in April 215. Moderation of food prices during the month eased inflationary pressure in April 215 with prices of many essential item such as vegetable varieties, rice etc. declined in April 215, compared to the prices prevailed in March 215. Meanwhile foreign reserves of the country is expected to have increased to USD 7.4 Bn by 3th April from USD 6.8 Bn following the recent currency swap facility provided by India. Reserves are expected to increase further during next few months with the expected proceeds of the balance portion of US dollars 1.1 billion from the currency swap agreement.
Market Direction Slightly recovery towrds the end ASPI crossed above 7 Net foreign inflows continued Focus: Source:bloomberg *figures are in LKR Mn except ASPI, S&P SL 2, PE and PBV ASPI S&P SL 2 Value M chg % 8 75 7 65 6 55 5 45 Top Gainers Bourse remained volatile during the month of April as investors were uncertain regarding passing the 19A amendment in the parliament. However an upward trend was witnessed in indices towards the end of the month owing to passing the amendment by majority votes. 4 4/3/14 7/31/14 1/31/14 1/31/15 4/3/15 44 42 4 38 36 34 32 3 28 26 24 4/3/14 7/31/14 1/31/14 1/31/15 4/3/15 Top Losers CODE Price % Volume CODE Price % ASPI 7,179 3.8% S&P SL 2 4,53 3.92% Turnover 12,35,62-51.61% Volume 536,69,39-39.72% Foreign Pur 5,491,266-16.72% Foreign Sales 4,659,244.28% PE 13.1 4.96% PBV 1.84 3.52% Market Cap 3,47,413 3.98% PCH.N.3 5.% 3,986,996 PARA.N 581. -19.86% ESL.N 43.1 41.31% 1,829,449 CHLN.N 1.1-12.96% OGL.N 15.8 41.7% 974,311 OFEQ.N 1,915. -12.95% CRL.N 48.2 37.32% 4,173,814 UDPL.N 32.6-1.68% GSF.N 23.3 36.26% 476,825 CINS.N 1,511.4-1.66% Volume 16 27,448 15 21,258 41 Top Turnover Top Volume Code Price % M Change Turnover Code Price % M Change JKH.N 26.2 2.38% 1,664,938,472 FLCH.N 1.7.% COMB.N 171.9 2.93% 1,181,356,826 DIAL.N 11.5 5.5% DIST.N 25.5 4.16% 933,447,11 AEL.N 22.6 1.78% DIAL.N 11.5 5.5% 562,49,277 REEF.W.4 33.33% HNB.N 23.8 3.5% 519,369,756 VPEL.N 9.2 13.58% Volume 113,744,752 51,3,17 16,51,682 14,285,11 13,614,772 Sector Bank Finance Ins Bev Food Tobacco Chemicals Pharms Construction Eng Diversified Footwear Textile Health Care Hotels Travels Investment Trust IT Land Property Manufacturing Motors Oil Palms Plantations Power & Energy Services Stores Supplies Telecom Trading Index gain 5.34% 1.34% 4.91% 6.75% 4.37%.92% 5.38% 2.62% 3.25% Moving Average Convergence Divergence (MACD) 22.13% Relative Strength Index (RSI) 2.76% 5.37% 2.61% 4.59% 2.32% 6.58% 2.81% 1.31% 2.38% 6.73% 8 6 4 2 6 4 2-2 1-Apr-15 9-Apr-15 2-Apr-15 27-Apr-15-4 -6-8 -1-12 MACD_DIFF MACD MACD_SIGNAL 1-Apr-15 11-Apr-15 21-Apr-15 RSI Middle Limit Upper Limit Lower Limit MACD line crossed above the signal line in the beginning of the month indicating a signal of a slight recovery. MACD was above "" towards the end of the month. RSI picked up from the bearish region and closed near the overbought region.
Foreign Interest of Big Cap counters Units: Monthly Prices in LKR, foreign stakes in number of shares Company Month end Price Month Ago Foreign Stake Foreign Stake month ago Difference John Keells Holdings Plc Ceylon Tobacco Company Plc Commercial Bank of Ceylon Plc Nestle Lanka Plc Dialog Axiata Plc Sri Lanka Telecom Plc Carsons Cumberbatch Plc Hatton National Bank Plc The Bukit Darah Plc Distilleries Company Of Sri Lanka Dfcc Bank Aitken Spence Plc Chevron Lubricants Lanka Plc DFCC Bank Sampath Bank Plc Cargills (Ceylon) Plc Asian Hotels & Properties Plc Aitken Spence Hotel Holdings Plc C T Holdings Plc Hayleys Plc 26.2 21.4 13. 125. 171.9 167. 23. 23. 11.5 1.9 47.1 47.5 419.8 375. 23.8 223. 699. 678. 25.5 24.5 216. 25. 11. 99.9 48. 393.6 266.4 249. 259.9 246.3 135. 137. 66. 66.5 8. 67. 128.5 13. 319.9 3. 541,29,472 181,43,17 311,382,48 51,315,44 7,824,96,831 812,559,882 34,132,131 89,82,868 21,664,254 69,156,13 65,535,833 162,734,116 39,36,823 7,34,878 32,82,198 17,233,839 9,176,571 5,972,9 29,11,44 2,93,914 537,793,956 181,395,78 38,244,655 51,261,53 7,782,365,839 812,559,882 33,731,133 9,636,666 21,194,171 7,281,121 65,914,596 163,329,629 39,39,986 7,133,54 31,73,89 17,256,79 9,131,517 5,973,39 29,11,44 2,134,314 3,415,516 8,29 3,137,393 53,91 42,594,992-4,998 (815,798) 47,83 (1,124,991) (378,763) (595,513) (3,163) (98,176) 352,19 (22,951) 45,54 (1,3) - (4,4) ASPI Contributors Company Month end Price Month Ago Carson Cumberbatch Plc 419.8 375. Dialog Axiata Plc 11.5 1.9 John Keells Holdings Plc 26.2 21.4 Lanka Orix Leasing Co Plc 9. 8.1 Aitken Spence Hotel Holdings 8. 67. Commercial Bank Of Ceylon Pl 171.9 167. Commercial Credit & Fin Plc 61.2 5. Ceylon Beverage Holdings Plc 851. 7.1 Distilleries Co Of Sri Lanka 25.5 24.5 Dfcc Vardhana Bank Plc 216. 25. National Development Bank Pl 266.4 249. John Keells Hotels Plc 16.5 14.6 Diesel & Motor Engineering 67. 63. Lighthouse Hotel Plc/The 55.2 6. Asian Hotels & Properties Pl 66. 66.5 Associated Motor Finance Co 4. 44. Ct Holdings Plc 128.5 13. Nuwara Eliya Hotels Co Plc 136. 1499. Tokyo Cement Co Lanka Plc 55.8 57.5 Ceylon Hospitals Plc 1.1 115. Cargills (Ceylon) Plc 135. 137. Sri Lanka Telecom Plc 47.1 47.5 Ceylinco Insurance Co Plc 1511.4 1691.7 Ceylon Tobacco Co Plc 13. 125. Units: Monthly Prices and Turnover in LKR, Contribution to ASI in points Volume 6,362 51,3,17 8,82,768 Turnover 2,534,188 562,49,277 1,664,938,472 1,728,12 136,83,692 276,653 2,423,942 6,972,427 1,181,356,826 5,749,523 3,888,692 978,228 516,257 133,28,23 941,27 1,646 39,123 319,579,881 48 39,521 933,447,11 21,822,296 14,68,859 996,558 2,527 144,439 53,97 3,457,218 77 3,824 5,55,96 117 162,591 3,999,746 22,425,538 27,448 2,954,989 5,48 6,767,325 216,276 134,364 1,248,141 41 687,964 137,574,143 Contribution to ASI 2.86 11.59 11.35 11.15 1.37 9.52 8.45 7.51 7.11 6.91 6.81 6.56 (.48) (.52) (.52) (.53) (.65) (.66) (.9) (.9) (1.6) (1.71) (8.55) (9.77)
Performance of the Sri Lankan Equity Market Net Foreign Inflow April 3,742 LKR Mn YTD: 3,742 LKR Mn LKR Mn 3, 236,381 219,485 184,886 2, 149,867 149,342 113,22 114,43 72,56 67,523 1, 61,917 15,96 21,29 1-Apr 6-Apr 8-Apr 1-Apr 16-Apr 2-Apr 22-Apr -1,762 24-Apr 28-Apr -1, -31,653-35,16 2,73-2, -131,851-3, -4, -31,655 Source: Bloomberg Seasonality Behavior of ASPI Highest 5 years 7,812 215 7,66 April 7,179 8, 7,5 7, 6,5 6, 5,5 5, 4,5 4, Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 211 212 213 214 215 Source: Bloomberg Lowest 5 years 4,738 215 6,782 April 6,899 Indices Performance 12.% 1.% 8.% 6.% 4.% 2.%.% 4/1/15 4/7/15 4/13/15 4/19/15 4/25/15-2.% Sri Lanka Thailand Pakistan Vietnam MSCI frontier MSCI Emerging MSCI world Source: Bloomberg PE ratios of markets 19.56 18.97 14.67 13.16 11.92 11.34 9.89 Sri Lanka Thailand Pakistan Vietnam MSCI frontier MSCI Emerging MSCI world Sri Lanka Thailand Pakistan Vietnam MSCI frontier MSCI Emerging MSCI world Source: Bloomberg ASPI was up by 262 points for the month.all most all the indices in the region recorded an upward trend. PE of the Sri Lankan equity market remained below the MSCI Emerging and MSCI world.
LKR Mn LKR Mn AHPL SL Equity Counter of Focus -Asian Hotels & Properties Plc is a 78.6% owned subsidiary of John Keells Holdings. AHPL owns and operates Cinnamon Grand Colombo while also acts as the holding company of the Trans Asia which operates the Cinnamon Lakeside. Property segment of AHPL includes the sales of apartments and the income from the "Crescat Mall" and the "K-Zone" malls in Moratuwa and Ja-Ela. -"Cinnamon" brand continued to retain its market leadership among city hotels (51%) while this segment is expected to grow in line with the expected boom in the tourism sector. -Property segment benefitted during the year due to the low interest rate environment prevailed in the country.construction work of 7th sense commenced while the "OnThree2" project was completed. -In the year ended 213/14 group' s revenue increased by 5% while PAT was 2.81 Bn declined by 8% compared with previous year due to the last year's profits being boosted by fair value of investment property. Asian Hotels & Properties Pl Share Details Bloomberg Ticker Share Price (LKR) Market Cap (LKR Mn) Issued Quantity (Mn) Share Price Performance AHPL SL 67.5 29,887 443 1m 6m 12m Absolute 6.64% -7.28% -6.25% Relative To ASPI 2.56% -4.18% -18.82% 52 W High/Low 75/6.2 (LKR) 52 W Avg. Volume 16,545 Beta (6 months).85 Graph 1: Turnover 1, 8, 6, 4, 2, Source: Bloomberg Graph 2: Net Profit - 3, 2,5 2, 1,5 1, 5-4,9 7,457 8,855 7,891 8,256 21 211 212 213 214 63 1,775 2,149 2,494 2,398 21 211 212 213 214 LKR 76 74 72 7 68 66 64 62 6 58 56 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Source: Bloomberg Business Nature Asian Hotels and Properties PLC is into the business of operating hotels and property development. Cinnamon Grand Colombo and Cinnamon Lakeside falls under the hotel segment of the group while the Crescat Mall is the main revenue contributor under the property sector. Shareholder Details John Keells Holdings Plc 78.56% Employee Provident Fund Srilanka 9.82% Sri Lanka Insurance Corp 2.27% Ceybank Unit Trust 2.15% Source: Bloomberg Dr.S. Yaddehige.77% Figures in LKR Mn 214 213 212 211 21 Revenue 8,256 7,891 8,855 7,457 4,9 Net Profit 2,398 2,494 2,149 1,775 63 EPS (LKR) 5.42 5.63 4.85 4.1.79 PE (X) 1.85 12.43 16.8 23.43 46.3 PBV 1.17 1.43 2.31 3.3 2.39 Div. Yield (%) 6.8 5.71 2.56.53 1.52 ROE (%) 1.89 13.6 14.98 13.71 5.22 Debt/Equity (%) 1 1 1 1 6 CAGR 11.% 3.65% 47.14% -25.19% -13.4% 34.93% 15.86% -36.66%
Relative Valuation Grid Key : Attractive compared to the sector Attractive compared to both market and sector XX XX Name Price (LKR) % chg M Market Cap* ROE % PE PBV Div. Yield % Beta Market 13.16 1.86 2.43 Banks, Finance and Insurance 11.67 1.74 2.52 Aia Insurance Lanka Plc 278. -1.42% 8,548 5.49 31.84 1.75 2.44.67 Central Finance Co Plc 26. 3.96% 27,27 17.15 7.58 1.3 1.19.85 Ceylinco Insurance Co Plc 1511.4-1.66% 34,25 13.15 15.12 1.99 1.18.28 Commercial Bank of Ceylon Plc 171.9 2.93% 148,682 16.18 13.6 2.11 2.62 1.45 DFCC Bank 216. 5.37% 57,261 11.74 12.16 1.43 2.74 1.16 Hatton National Bank Plc 23.8 3.5% 88,72 15.71 8.71 1.37 3.66 1.8 Hnb Assurance Plc 86. 3.86% 4,3 15.91 11.2 1.78 4.21.74 Housing Development Fin Corp 65.5 4.63% 4,239 15.31 9.29 1.42.86 1.29 Janashakthi Insurance Co Plc 22.9 6.51% 8,313 2.43 7.82 1.6 4.44 1.26 Lanka Orix Finance Plc 4.2 13.51% 11,76 9.43 19.9 1.8 -.91 Lanka Orix Leasing Co Plc 9. 12.36% 36,4 17.49 1.68 1.87-1.33 LB Finance Plc 174.8 13.7% 12,16 27.53 5.55 1.53 3.48 1.3 National Development Bank Pl 266.4 6.99% 43,981 15.6 1.48 1.58 1.5 1.21 Nations Trust Bank Plc 14.9 5.96% 24,191 17.84 9.76 1.74 2.9 1.27 Pan Asia Banking Corp Plc 24.1 5.7% 7,11 8.77 17.13 1.5-1.63 People'S Leasing & Finance P 24. 6.67% 37,917 18.7 9.19 1.72 5.21 1.46 People'S Merchant Finance Pl 24.4 6.9% 1,647 (8.19) - 1.57 -.79 Smb Leasing Plc 1.2 2.% 1,192 8.72 23.53 2.5 -.96 Sampath Bank Plc 259.9 5.52% 44,784 15.26 8.51 1.3 1.85.98 Sanasa Development Bank Plc 125. 5.31% 4,437 16.9 6.25 1.1 1.72 1.35 Seylan Bank Plc 16.2 7.27% 3,653 12.61 11.53 1.45 2.31 1.2 Singer Finance Lanka Plc 22.6 21.51% 3,737 16.74 1.71 1.79 2.78 1.59 Finance Co Plc/The 16.5 1.% 1,566 22.98 - (.32) - 1.75 Union Assurance Plc 169.9.59% 14,563 38.66 6.7 2.34 3.82 1. Union Bank Of Colombo Plc 25.1.8% 27,394 (3.37) - 1.69-1.5 Vallibel Finance Plc 53.7 19.7% 2,231 29.89 6.32 1.89 1.67 1.9 Multi Finance Plc 27. 17.39% 66 (15.14) - 1.91-2.33 Amana Bank Ltd 5.3 3.92% 6,629 (1.49) - 1.32 - N.A Amana Takaful Plc 1.4.% 2,1 4.12 43.75 1.8-1.41 Commercial Leasing & Finance 4.4 1.% 25,511 1.8 29.33 3.17-1.26 Sinhaputhra Finance Plc 189.8 5.4% 1,195 - - 1.26 -.68 Swarnamahal Financial Servic 2. 11.11% 1, 164.1 - (1.24) - 1.5 Beverage, Food and Tobacco 21.71 4.43 1.86 Bairaha Farms Plc 11. 1.85% 1,76 6.47 14.95.97 1.9.58 Cargills (Ceylon) Plc 135. -1.46% 3,24.31 8.4 2.47 1.45.52 Ceylon Cold Stores Plc 32. 7.31% 3,413 15.68 19.39 3.4 1.6.72 Ceylon Tea Services Plc 8. 12.61% 16, 1.37 18.39 1.91 1.59.64 Ceylon Tobacco Co Plc 13. -2.15% 187,886 232.95 2.69 48.2 3.2.88 Distilleries Co Of Sri Lanka 25.5 4.16% 75,15 11.6 12.67 1.4 1.14.89 Keells Food Products Plc 19.9 1.48% 2,82 15.58 11.61 1.81 4.86.54 Lion Brewery Ceylon Plc 632.5 1.2% 5,6 28.5 25.61 7.3.65.9 Nestle Lanka Plc 23..% 123,569 93.98 32.16 3.23 1.23.81 Renuka Agri Foods Plc 4.8.% 2,696 6.9 2.87 1.44 2. 1.37 Renuka Foods Plc 27. 3.85% 2,424 11.6 8.33.97 1.3 1.22 Three Acre Farms Plc 49.4 5.11% 1,163 15.8 7.4 1.6.94 1.68
Name ROE (%) PE PBV Div. Yield % Beta Chemicals and Pharmaceuticals 24.6 1.8 1.67 CIC Holdings Plc 81. 6.58% 7,331 - - 1.14 1.2.73 Haycarb Plc 189. 2.16% 5,616 13.3 9.4 1.18 2.2.65 Lankem Ceylon Plc 17.5 13.28% 2,474 (8.25) -.73 -.75 J.L. Morison Son & Jones 283. -.7% 2,45 11.24 n.a 1.12 1.5 1.19 Muller & Phipps Ceylon Plc 1.5 7.14% 34 2.11 n.a 2.5 3.33 1.5 Pc Pharma Plc 1.3 18.18% 131 - n.a.92-1.65 Construction and Engineering 1.9 1.41 1.68 Access Engineering Plc 22.6 1.78% 22,6 18.97 7.99 1.52 2.42 1.66 Colombo Dockyards Plc 174..23% 12,53 2.65 43.7 1.14 1.76.56 Lankem Developments Plc 6.5 8.33% 36 (5.4) n.a.57-1.24 Mtd Walkers Plc 51.8 6.58% 8,684 26.7 6.89 1.84.87 1.81 Diversified 15.6 1.54 1.72 Aitken Spence Plc 11. 1.1% 41,6 11.4 11.52 1.27 2. 1.1 Ct Holdings Plc 128.5-1.15% 23,528 4.2 33.3 1.39.62.9 Carson Cumberbatch Plc 419.8 11.95% 82,443 15.92 15.14 2.41.24 1.1 Dunamis Capital Plc 29.5 8.46% 3,628 56.28 4.55 2.56 2.99 2.1 Expolanka Holdings Plc 8.5.% 16,617 7.75 21.79 1.69 -.73 Finlays Colombo Plc 3. 4.97% 1,5 4.22 43.44 1.83 1.1.3 Hayleys Plc 319.9 6.63% 23,993 9.6 1.54 1.1 1.52.78 Hemas Holdings Plc 76.4 2.65% 43,742 17.66 17.32 3.6 1.37 1.1 John Keells Holdings Plc 26.2 2.38% 25,682 11.3 14.81 1.67 1.75 1.17 Richard Pieris & Co Plc 8.1 8.% 16,484 19.63 9.76 1.91 3.5 1.32 Softlogic Holdings Plc 14.2 5.97% 11,62 5.5 29.58 1.63 1.75 1.43 Sunshine Holdings Plc 52.9 11.37% 7,149 11.57 12.75 1.47 1.86 1.6 Flc Holdings Plc 1.7.% 2,326.2 1,7..36 3.13 1.7 Pc House Plc.3 5.% 13 (73.19) -.12 -.67 Vallibel One Plc 23. 7.98% 24,991 7.65 1.5.77 1.66 1.4 Footwear and Textiles 34.57 1.55.88 Ceylon Leather Products Plc 84.6-1.5% 2,927 5.82 16.21.94 1.18.96 Odel Plc 21.8-2.68% 5,932 3.7 3.7 1.14.57.89 Healthcare 21.13 2.66 1.97 Asiri Hospitals Holdings Plc 21.8 9.% 22,22 23.41 21.5 5.3 2.38.89 Asiri Surgical Hospital Plc 16.7 5.3% 8,825 14.7 19.88 2.92 2.47 1. Ceylon Hospitals Plc 1.1-12.96% 3,223 9.4 13.33 1.25 1.82.94 Lanka Hospital Corp Plc 41.4 3.24% 8,927 1.95 19.26 2.11 1.25 1.17 Nawaloka Hospitals Plc 3.2 6.67% 4,51 1.81 64. 1.16 1.94.72 Hotels and Travels 2.5 1.29 1.7 Aitken Spence Hotel Holdings 8. 19.4% 26,93 15.41 11.48 1.77 1.88.72 Amaya Leisure Plc 81.4 8.19% 4,15 9.9 15.85 1.57 1.21 1.9 Asian Hotels & Properties Pl 66. -.75% 29,223 8.72 15. 1.31 1.48.85 Ceylon Hotels Corp Plc 25. 5.49% 4,296 1.18 62.5.74-1.19 Citrus Leisure Plc 13.3 1.53% 1,283 (5.57) -.45 -.95 Dolphin Hotels Plc 59.2 3.86% 1,872 17.9 9.69 1.66 1.7.98 Eden Hotel Lanka Plc 23.2 1.48% 1,19 (8.56) -.48-1.44 Galadari Hotels Lanka Plc 13.4 3.8% 6,711 2.13 35.26.75-1.4 Hotel Sigiriya Plc 82.9-5.69% 486 19.89 1.29 2.5 -.52 John Keells Hotels Plc 16.5 13.1% 24,26 1.3 12.89 1.33 1.41 1.6 Renuka City Hotels Plc 35.2 6.9% 2,451 11.1 6.33.7 1.11.87 Pegasus Hotels Of Ceylon Plc 43. 2.38% 1,37 8.67 11.23.97 1.12.93 Serendib Hotels Plc 29. 3.57% 2,982 12.11 13.86 1.68 -.98 Sigiriya Village Hotels Plc 58.2-1.36% 524 1.94 4.99.8 3.3.95 Taj Lanka Hotels Plc 29. 5.45% 4,49 (43.71) - 2.54-1.43
Name ROE (%) PE PBV Div. Yield % Beta Hotels and Travels 2.5 1.29 1.7 Tangerine Beach Hotels Plc 75.9-3.92% 1,518 4.24 13.98.59 -.47 The Kingsbury Plc 16.1.63% 3,896 15.79 14.77 2.33-1.23 Trans Asia Hotels Plc 89.5 -.56% 17,9 9.48 3.97 2.93 1.52.75 IT 27.36 1.85 - Pc House Plc.3 5.% 13 (73.19) -.12 -.67 E-Channelling Plc 14.5 2.83% 1,771 82.94 27.36 22.69-1.2 Investment Trust 8.25.98 2.22 Ascot Holdings Plc 43. 13.16% 515 - -.95-1.94 Ceylon Guardian Investment 187.5 1.52% 15,393 16.41 6.4 1.5 2.62.9 Ceylon Investment Plc 98. 6.41% 9,654 18.78 6.1 1.13 2.58 1.26 Lanka Century Investments Pl 13.7.% 4,786 (3.57) -.65-1.25 Lee Hedges Plc 438.9 4.5% 2,247 6.55 1.18.67 5.17.7 Renuka Holdings Plc 3. 4.53% 2,671 19.19 6.75 1.3 1.67 1.5 Land and Property 1.81 1.1 2.98 C T Land Development Plc 35.4 1.14% 1,726 4.75 12.97.62 7.24 1. Cargo Boat Development Co 135.5 11.98% 1,382 9.17 1.13.93 1.85.86 City Housing & Real Estate C 13.9 23.1% 186 (17.59) - 1.51-1.67 Colombo Land & Dvlp Co Plc 27.7 3.36% 5,537 (1.7) - 2.4-1.39 East West Properties Plc 13. 8.33% 1,797 (.5) - 1.9 -.62 Kelsey Development Plc 45. 15.38% 784 (74.66) - 13.88 -.97 Overseas Realty Ceylon Plc 24.65 3.75% 2,918 12.13 6.96.84 2.3 1.18 Seylan Developments Plc 14. 6.6% 2,72 9.83.53.48 3.55 1.22 York Arcade Holdings Plc 15.9 3.25% 191 3.18 36.98 1.17 2.63.97 Millennium Housing Developer 8. 5.26% 1,77 35.1 6.9 2.41 2.81 N.A Manufacturing 11.5 2.5 2.45 Acl Cables Plc 86. 11.98% 4,552 8.99 9.39.84 1.13.94 Acl Plastics Plc 128.4 18.67% 541 13.48 6.58.89 1.65.83 Blue Diamonds Jewellery Worl 1.5.% 494 (29.21) - 2.73 -.87 Ceylon Grain Elevators Plc 39. 2.63% 2,34 2.78 29.55.82 -.78 Chevron Lubricants Lanka Plc 48. 3.66% 48,96 52.44 17.96 9.42 5.39 1.1 Dankotuwa Porcelain Plc 12.7 5.83% 918 2.1 42.33.89-1.62 Dipped Products Plc 153.8 9.86% 9,27 14.57 8.62 1.26 3.95 1.2 Hayleys Fibre Plc 46.9 18.14% 375 1.51 n.a.83.73.6 Kelani Cables Plc 94.9 11.91% 2,69 8.87 9.96.88 1.75 1.7 Kelani Tyres Plc 85. 7.5% 6,271 28.73 1.38 2.98 2.24 1.6 Lanka Aluminium Indus Plc 72.9 13.37% 999 18.35 9.32 1.71 1.85 1.5 Lanka Ceramic Plc 112.1-3.86% 3,363 13.43 7.5.95 1.63.71 Lanka Tiles Plc 15. -.94% 5,623 2.67-1.57 2.14.64 Lanka Walltile Plc 97.9 1.98% 5,231 16.71 -.93 1.84 1.3 Piramal Glass Ceylon Plc 6. 3.45% 5,71 12.5 13.4 1.57 3.71 1.31 Richard Pieris Exports Plc 155. 11.83% 1,73 183.6 6.45 11.83 2.47 1.7 Royal Ceramics Lanka Plc 118. 3.78% 12,298 19.63 6.41 1.26 1.64.88 Swisstek Ceylon Plc 55.7 28.94% 1,525 37.3 6.95 2.59.79 1.81 Textured Jersey Lanka Plc 27.4 11.84% 15,924 19.6 13.5 2.57 4.47 1.19 Tokyo Cement Co Lanka Plc 55.8-2.96% 16,873 21.78 9.5 2.7 2.76 1.26 Orient Garments Plc 15.8 41.7% 868 (12.69) - 1.4-1.38 Agstar Plc 6.4 4.92% 1,968 - - 3.39 1.41 1.4 Motors 9.64 1.3 1.77 Diesel & Motor Engineering 67. -3.65% 5,388 6.9 9.86.68 1.54.7 Lanka Ashok Leyland Plc 14. 7.69% 5,69 12.16 15.26 1.86 2.67.49 Sathosa Motors Plc 25. -9.9% 1,66 23.88 6.17 1.47 1.92.61 United Motors Lanka Plc 95.4 6.% 9,626 11.25 1.57 1.19 2.2.84
Name ROE (%) PE PBV Div. Yield % Beta Oil Palm 25.31 2.27.27 Bukit Darah Plc 699. 3.1% 69,156 15.23 15.49 2.36.44.51 Good Hope Plc 1898.3 14.89% 13,44.99 227.7 2.24.2.84 Indo Malay Plc/The 165. -1.% 11,547.88 231.74 2.4.16.6 Selinsing Plc 1695. 6.% 11,763 1.45 11.42 1.6.39.28 Shalimar Malay Plc 23. 6.98% 15,962 1.21 241.9 2.91.16.34 Plantations 27.2.7 3.3 Agalawatte Plantations Plc 24.5-2.% 613 - - - -.45 Balangoda Plantations Plc 23.1 13.24% 546 (8.62) -.21 4.65 1.35 Bogawantalawa Tea Estates 11.9 7.21% 997 17.7 5.38.95-1.35 Hapugastenne Plantations Plc 32.6 4.82% 1,51 4.5 17.62.71 -.57 Horana Plantations Plc 22.9 3.62% 573 - n.a.39 4.37.58 Kahawatte Plantations Plc 35.3 9.29% 2,82 1.74 24.1 2.58-1.13 Kegalle Plantation Plc 86.1-3.15% 2,153 8.4 7.99.64 2.35.6 Kelani Valley Plantations Pl 71.4 -.83% 2,428.52 174.15.9 1.52.34 Kotagala Plantations Plc 27. 8.% 1,8 (14.11) -.35 -.93 Malwatte Valley Plant-Voting 4..% 75 2.99 1.53.31 2.44 1.9 Maskeliya Plantation Plc 1.8 3.85% 583 (.69) -.37-1.14 Namunukula Plantations Plc 75. 5.78% 1,781 11.79 7.57.89 2.73.75 Talawakelle Tea Estates Plc 35.3-2.75% 834 11.11 4.7.52 -.66 Watawala Plantation Plc 2.1.5% 4,757 12.62 8.93 1.13 4.75 1.5 Udapussellawa Plantation Plc 32.6-1.68% 632 5.74 n.a.86 -.77 Power and Energy 8.12 1.74 4.23 Flc Hydo Power Plc 7.3 14.6% 796 7.83 13.52 1.6 1.39 1.72 Lanka Ioc Plc 41.3.49% 21,991 21.56 5.99 1.29 3.76 1.28 Laugfs Gas Plc - Voting 4. 6.38% 15,256 17.25 12.46 2.15 5. 1.24 Panasian Power Plc 3.5 6.6% 1,75 15.86 1.61 1.68 7.89.92 Resus Energy Plc 22.5 19.5% 2,817 (24.45) - 1.12 -.58 Vallibel Power Erathna Plc 9.2 13.58% 6,873 38.89 8.85 3.44 5.21 1.41 Vidullanka Plc 8.4 25.37% 4,9 28.79 12.17 3.5 2.11 1.1 Mackwoods Energy Plc 6.3 5.% 6 6.4 16.58 1. 1.61 1.17 Services 25.15 2.4 2.67 Ceylon Tea Brokers Plc 4.5 4.65% 513 37.36 7.25 2.71 5.32.88 Mercantile Shipping Co Plc 12. 1.69% 341 (82.39) - 2.17 -.17 Stores and Supplies 14.86 2.4 1.75 E.B. Creasy & Co Plc 111.1-3.7% 2,564 (1.39) -.82 1.28.31 Hunter & Co Plc 42. 7.69% 2,161 1.59 61.31.97 -.49 Telecommunication 12.8 1.64 1.49 Dialog Axiata Plc 11.5 5.5% 93,653 15.24 13.71 2.9 1.1 1.58 Sri Lanka Telecom Plc 47.1 -.84% 82,121 11.16 11.92 1.33 1.87.93 Trading 8.4 1.17 2.42 Brown & Co Plc 16.8 7.1% 6,839 17.27 3.13.54 2.38 1.31 Cw Mackie Plc 57. 1.97% 2,51 1.38 11.2 1.16 5.19.83 Eastern Merchants Plc 1..% 1,174 (8.67) - 1.14 -.73 Singer Sri Lanka Plc 121.3 8.5% 15,188 15.3 18.13 2.77 1.89.75 Tess Agro Plc 1.5.% 42 N/A N/A 1.27-1.35 *Market Cap units- LKR Mn
Stocks trading below Net Asset Value Pc House Plc Central Investments & Financ Balangoda Plantations Plc Madulsima Plantations Plc Malwatte Valley Plant-Voting Maskeliya Plantation Plc Flc Holdings Plc Horana Plantations Plc Kotagala Plantations Plc Amw Capital Leasing & Financ Kalpitiya Beach Resort Plc Citrus Leisure Plc Seylan Developments Plc Eden Hotel Lanka Plc Marawila Resorts Plc Waskaduwa Beach Resort Plc Talawakelle Tea Estates Plc Brown & Co Plc Lankem Developments Plc Elpitya Plantations Plc Tangerine Beach Hotels Plc Colombo Fort Land & Bldg Co Colonial Motors Plc Browns Investments Ltd Kegalle Plantation Plc Lanka Century Investments Pl C T Land Development Plc Lee Hedges Plc Colombo Investment Trust Plc Lanka Milk Foods Cwe Plc Chemanex Plc Diesel & Motor Engineering Renuka City Hotels Plc Ceylon Hotels Corp Plc Lankem Ceylon Plc Hayleys Fibre Plc Hayleys Fibre Plc Hapugastenne Plantations Plc Singer Industries Ceylon Plc Metropolitan Resource Hldgs Galadari Hotels Lanka Plc Overseas Realty Ceylon Plc Kelani Cables Plc Vallibel One Plc E.B. Creasy & Co Plc Kandy Hotels Co 1938 Plc On'Ally Holdings Plc Commercial Development Co Ceylon Grain Elevators Plc Pc Pharma Plc Kelani Valley Plantations Pl Alliance Finance Co Plc Sigiriya Village Hotels Plc Acl Cables Plc Acl Plastics Plc Colombo Pharmacy Co Plc Acme Printing & Packaging Pl Cargo Boat Development Co Hunter & Co Plc Central Industries Plc Pegasus Hotels Of Ceylon Plc Bogawantalawa Tea Estates Lanka Walltile Plc Flc Hydo Power Plc Renuka Foods Plc Merchant Bk Of Sri Lnka & Fi Eastern Merchants Plc Resus Energy Plc Agalawatte Plantations Plc
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