Daily Trade Journal - 20.05.2013
-
Upload
randora-lk -
Category
Documents
-
view
223 -
download
0
Transcript of Daily Trade Journal - 20.05.2013
-
7/30/2019 Daily Trade Journal - 20.05.2013
1/8
p
p
Today's Turnover (LKR mn)
Annual Average Daily Turnover (LKR mn)
Volume (mn)
Annual Average Daily Volume (mn)
Market Capitalization (LKR bn)
Net Foreign Inflow / (Outflow) [LKR mn]
- Foreign Buying (LKR mn)
- Foreign Selling (LKR mn)
YTD Net Foreign Inflow / (Outflow) [LKR bn]
14.6%
18.3%
ASPI
S&P SL 20 Index
+ 85.97
+ 60.09
6,466.67
3,649.35
ASPI
Monday, May 20, 2013
881.5
% ChangePoint ChangeToday
44.0
1,282.7
1.35 %
1.67 %
2,483.2
YTD Performance
S&P SL 20 Index
40.5
288.4
11.3
350.9
62.5
Level 23, East Tower, World Trade Centre,
Colombo 01
Tel: +94 11 727 7000,
Fax: +94 11 727 7099
Email: [email protected]
CSE Diary for 20.05.2013Indices extending its upward drive: The bourse
sustained its rally today with notable buying pressure
across the board. During the early morning session,
ASPI rushed on the rally to reach 103 points. However
it lost momentum during the mid-day to denote a
market correction and eventually picked up in the
latter session ending at 6,466.67 points (+86 points).
Major contributors to the daily gains were John Keells
Holdings (+4.3%), Nestle Lanka (10.2%) and Chevron
Lubricants (11.3%). S&P SL20 too journeyed a similar
path and ended with a gain of 60 points at 3,649.35
points.
Commercial Bank on a rally with heavy volume:
Commercial Bank spearheaded the daily-turnover
with notable off-board interest where the counter
denoted four crossings totaling c.1.3mn shares which
were transacted at LKR122.0. Much interest was also
seen on-board on Commercial bank with severallarge blocks, largest being 112k shares which was
traded at LKR122.0. COMB witnessed a healthy price
rally today where it ended at a 52-week high of
LKR122.1 with a 2.6% gain. The tile manufacturerRoyal
Ceramic Lanka too reported two crossings
accumulating to 500k shares at LKR109.0.Investor eye on BFI sector; JKH continued its upward
climb: John Keells Holdings further neared its next
psychological level LKR300.0 with heavy volume,
topping the on-board turnover list. The counter
witnessed a single large on-board transaction of 44k
shares at LKR295.0 and ended the day with a gain of
4.2% at LKR297.1. Counters on the BFI sectorSampath
Bank, Nations Trust Bank and National Development
Bank too attracted notable investor interest during
the day.Retail interest continued moderately: Retail interest
surrounded Seylan Development, Overseas Reality
and Colombo Fort Land & Building.
Bourse further extended i ts
gain s nearing 6,500
points
-
7/30/2019 Daily Trade Journal - 20.05.2013
2/8
Statistical Look Up
Treasury Bill (%) 17.05.2013
8.75
9.91
10.84
13.12
Inflation (%) Apr-13 6.4
8.8
All Share Price Index p
S&P SL20 Index p
Turnover (LKR mn)
Turnover (USD mn)Volume (mn shares)
Traded Entities
Market Capitalization (LKR bn)
Foreign Purchases (LKR mn)
Foreign Sales (LKR mn)
Net Foreign Inflow (LKR mn)
Market PER (X)
Market PBV (X)
Market Dividend Yield
SECTOR INDICES
Banks, Finance & Insurance p
Beverage, Food & Tobacco p
Construction & Engineering p
Diversified p
Healthcare q
Hotels & Travels q
Land & Property p
Manufacturing p
Plantation q
Telecom q
715.6 717.0 -0.19% 717.6 -0.27%
843.6 849.1 -0.65% 825.2 2.23%
3,010.8
3,578.4
1.84%
3,627.7
635.2
2.44%3,067.6
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 20.05.2013
Today
-2.04
178.7
2.1
3,142.5
18,589.2
3,004.5
2,178.8
14,300.5
Pre Day
0.00%
179.1 174.0-0.22%
14,095.7
17,926.2
2,136.0
3,653.8
623.7
-0.71%
2,981.9
2,074.8
0.12%
3.70%
1.53%
2.00%
2,959.3
17,444.7
602.7
434.8
99.5
335.3
Change %
6,380.7
3,589.3
2.1
1.35% 16.9
Pre Day
Week ending
0.76%
78.72%
3.25%
3.84%
3.71%
3.65%
246
2,391.3
6,239.0
3,518.9
24.6
3.92%
0.00%
1.67%
2,483.2
2.1
350.9
-8.48%
-8.48%-24.78%
2.42%
10.244.0
254
3,649.4
1,401.5
11.1
248
1,282.7
1.35%
-19.30%
-37.16%
Today
288.4
2.4
62.5
17.6
6,466.7
2,450.2
58.5
139.73%
139.73%
% WoW
ChangeLast Week
535.0
4.2
1.45%
6.56%
1.35%
2.67%
5.01%
1.38%
5.38%
% WoW
ChangeLast Week
4.09%
98.31%
161.12%
88.48%
176.9
4.37%
2.3
23.9
153.0
14,283.0
% Change
1.35%2.4
-14.00%
17.3
5400
5600
5800
6000
6200
6400
6600
Index
ASPI
3100
3200
3300
3400
3500
3600
3700
Index
S&P SL20
0.0
50.0
100.0
150.0
0
1,000
2,000
3,000
4,000
5,000
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
-
7/30/2019 Daily Trade Journal - 20.05.2013
3/8
High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
COMMERCIAL BANK
JKH
ROYAL CERAMIC
OVERSEAS REALTY
SAMPATH
Most Active
1,449.70 + 249.70 20.81% S M B LEASING [X] 0.40 - 0.10 -20.00%
-6.25%
-8.33%
-10.61%
-10.00%
16.70
286.10
158.60
+ 1.60
7.40
Today Pre Day
1.60
17.90
119.00
+ 32.70
DISTILLERIES
6,391
126,351
AMANA TAKAFUL 1.60
Company
93,267
63,596
37,813
CIT
CONVENIENCE FOOD
Company Today
1.6%
PEOPLE'S MERCH
SERENDIB LAND
2,008,187
969.31
6,578.53
3,391 2,974.34
1.3%
Change
232.70
Company% of
Mkt CapVolume
1,260.88
1.37%
-0.64%
297.10
-0.64%
1.5%
2.2%
Change
- 2.80
- 0.10
- 0.30
- 0.10
% Change
228.00
17.90
228.10
109.40
BLUE DIAMONDS [X]
+ 29.00
CITRUS HIKKADUWA
73.90
149.80
2,095.20
122.10
459.002,099.00
9,539.26
17,572.04
3.9%
2.2%
1.2%
9,534
1,019,072
55,250
28,252
4.5%
190.00
64.20
3.2%
189.50
64.00
450.00
3.2%
23.57
1,951.00
122.50
3,813.42
3.01
LOLC
AITKEN SPENCE 136.00
2.3% 139.26
379.54
173.00
4,066.662,901.14
32.2322.99
448.00
755.00
9.90
JOHN KEELLS HOLDINGS 541,234
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 27,044
1.6%
9,0451,451
8,484
10.3%
6.7%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.6%
2.9%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
Turnover
USD ('000)
23.6016.35%
Intraday
Low (LKR)
Turnover
LKR ('000)
244,620.65
4,068.65
1,938.61
55.42
870.00
159,102.09
Intraday
High (LKR)
298.50
30.22
149.50
226.00
134.50
185.00
45.00
9.70
% Change
1,993.99
75.60
6,993.57
9,987.37
32.24
Today
10.60%
Turnover
(LKR)
172.50
79.15
52.13
119.00
63.20
172.50
44.00
28,595.80
79.00
226.00
171.10
44.30
715.00
71.20
3.30
1.50
TodayCompany
174.10
PC HOUSE
0.90
226.62
15.80
37,828,728
244,620,648
7.68
CHEVRON
S M B LEASING
Pre Day
2.61%119.00 9.9%2.01
Volume (mn)% Change
11.28%
+ 18.60 13.29%
122.10
CompanyContribution to
Total T/O
152.50
9.9%
5.6%
2.01
8.60
2.02
109.40
4.28%284.90
1.28
2.025.59%
1.28
0.00%
5.59%
2.61%
1.5%
1.2%
1.5%
Contribution to
Total T/O
139,027,128
-0.92%
7.30
ROYAL CERAMIC 108.70
108.70
18.90
226.00
COMMERCIAL BANK 122.10
OVERSEAS REALTY 18.90
% Change
EXPOLANKA
244,620,648
37,828,728
28,595,797
159,102,091
139,027,128
1.54
0.54
0.13
0.5% 11,378,393
14,614,959
6.4%
Volume (mn)
0.6%
Turnover
(LKR)
5.6%
172.30
135.00
716.70
9.80
885.00
Close
297.10
884.90
285.00
Softlogic Equity Research Page | 3.
-
7/30/2019 Daily Trade Journal - 20.05.2013
4/8
Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar No Annoucements
Yuan 0
Euro 0
Rupee 0
Yen 0
Ringgit 0
Rouble 0
Riyal 0
Dollar Rights Issues / Scrip Dividend / Sub division / Capitalization
Franc Company
Baht No Announcements
Pound 0
Dollar 0Source: www.cbsl.gov.lk
Global Markets
p
p
q
q
p
p
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) p
Crude Oil (WTI) q
ICE Cotton #2 q
CBOT Wheat q
COMEX Gold q
COMEX Silver q
COMEX Copper q
* Time is as at ET Source: www.bloomberg.com
Australia
1,349.80 -14.90
METALS
ENERGY
Commodity
23,493.0
Units
0
-0.2
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.80%
1.03%
121.2
Russia
Saudi Arabia
Japan
330.35
USD/t oz.
USD/t oz. -0.81
682.75
-1.95
21.55
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
15,360.8
Value
15,354.4
1,667.5
USD/bbl.
USd/lb.
USd/lb.
AMERICA
-0.50
17.0
Change
-0.08%-0.07
0
-0.47
Change %
-0.59%
Change %
-0.07%
-3.61%
0.12%
-0.49%
1.47%
1.78%
-1.09%
07:15
07:10
06:54
17-May
17-May
07:05
07:06
Time*
15:02
06:56
06:56
-0.12%
06:56
Company
00-Jan-00
1/0/1900
1/0/1900
6,715.2
Singapore
Switzerland
Thailand
UK
0.12
410.4
0
2,817.8
129.95
1/0/1900
1/0/1900
4.22
USA
02:28
-7.9
1/0/1900
Change
-0.01%
222.7
04:01
0
Payment DateDPS (LKR) XD Date
191.60
0.00
0.00 0
0
126.18
0.0033.65
Malaysia
4.01
123.29
20.55
2.30
1.23
41.78
India
Currency
161.93
Indicative Rate
20.05.2013
China
0
USd/bu.
86.34
Price
103.80
95.55
USD/bbl.
100.43
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
00-Jan-00
1/0/1900
1/0/1900
00-Jan-00
Description
0.00
0.00
0 1/0/1900
0
XR Date
00-Jan-00
00-Jan-00
00-Jan-0000-Jan-00
Renunciation
00-Jan-00
0.00
Time*
00-Jan-00
Softlogic Equity Research Page | 4.
-
7/30/2019 Daily Trade Journal - 20.05.2013
5/8
Softlogic Equity Research Page | 5
CSE Announcements
Hatton National Bank [HNB: LKR172.3, HNB.X: LKR126.3] The CSE hasapproved in principle an Application for listing the debt securities of the Bank.
The debt securities are to be listed on the Main Board of the CSE. Details of the
above issue are as follows. 20,000,000 Unsecured, Subordinated, Redeemable
Debentures at an issue price of LKR100.0 each (with an option to issue up to afurther 20,000,000 Debentures in the event the initial 20,000,000 Debentures
are oversubscribed). Date Of Opening Of The Subscription List is 6th June 2013.
Singalanka Standard Chemicals [SING: LKR76.0]: The Court Cases which had been filed against the Companyby M/s Penpals Ltd, a shareholder of the Company have been withdrawn by Penpals Ltd pursuant to the sale
of Its entire shareholding in the Company. Penpals Ltd was seeking by these cases inter alia to challenge the
Rights Issue of the company that was held in August 2011.
Watawala Plantations [WATA: LKR13.1]: Mr. Sunil Gamini Wijesinha succeeds Mr. Govindasamy Sathasivamfor the post of Chairman w.e.f 20th May 2013.
Dealings by Directors
Local News
LOLCs Green Paradise gets LKR100 mn facelift: LOLC Leisure [Subsidiary of Lanka Orix Leasing Company[LOLC: LKR64.0]] plans to invest LKR100 mn to further develop the luxury Green Paradise Agro Eco Hotel,
said Susantha Bandara, Resident Manager, Green Paradise Hotel. In an exclusive interview with Daily News
Business, he said that under the LOLC management, the hotel could soon look to a bright future with many
developments in store. LOLCs Browns Investments, recently acquired a 51% stake of the previously Italian
owned luxury Green Paradise Hotel, situated in a strategic location close to the historic Kaludiya Pokuna,
surrounded by the Kandalama tank, Sigiriya, Polonnaruwa and Anuradhapura. Bandara said the LOLC
management had planned to further develop the hotel to international standards in a bid to bring the luxury
hotel under the umbrella of a renowned international brand chain and convert it into a flagship Eco luxury
hotel in the region. He said plans were afoot to accomplish the tasks within a period of six months. Under
this development, the hotels landscape would receive a facelift and the villas and suites would be further
upgraded. More agro eco features too would be added to the existing facility.
[Source: www.dailynews.lk]
PEOI: New Year uptick of optimism gone: The Perceived Economic Opportunity Index (PEOI) lost thewelcome uptick in optimism in anticipation of the traditional New Year. The only positive change recorded
for 2013 in March turned negative soon after the holidays. During the period of the survey there was some
significant bad news on the economic front; an increase in electricity tariffs. It is very likely that this
pending increase had an impact on the perceptions of the people.Whether the fall in optimism would turn
around post the assurance of the President in his May Daymessage that the poorest consumers would be
exempted for the hike or whether it would continue to fall will be seen next month. Indications, however,
are that people are expecting cost of living to worsen. With the PEOI well below the midpoint of 2.0 and on
a downward trend, it is time that policymakers take necessary steps to improve the confidence of the
people, without which economic performance itself will suffer.[Source: www.ft.lk]
Listed debt market heads for record year: Boosted by a specific 2013 Budget move, the countrys listeddebt market is set for a record year in 2013, judging by value of issues already completed and those in the
Company Name Relationship Transaction Quantity Price
(LKR)
Date
Cargills (Ceylon) [CARG: LKR172.5] Anthony A. Page Director Sale 670,796 165.0 15.05.2013
-
7/30/2019 Daily Trade Journal - 20.05.2013
6/8
Softlogic Equity Research Page | 6
pipeline. The year so far has seen four firms raising LKR10.5 bn, whilst issues worth a further near LKR15 bn
are in the offing. The best year for the listed corporate debt market was in 2010 with LKR15 bn raised and if
most of the planned ones come through, 2013 will be a record high. As per value of issues done and slated,
the figure stands at LKR25 bn. Analysts linked the resurgence in listed debt market to the Governments
2013 Budget exempting income tax on the interest income of corporate debt securities. This was to fast-
track the development of the corporate debt market. In the first quarter four issuers raised LKR10.5 bn, with
Peoples Leasing and Finance coming with a mega issue of LKR6 bn. Others were Seylan Bank and MerchantBank of Sri Lanka (LKR2 bn each) and Commercial Credit and Finance (LKR500 mn).
[Source: www.ft.lk]
IMF calls for second generation tax reforms: With the first generation of tax reforms failing to generateintended revenues, International Monetary Fund has urged authorities to bring about second generation of
tax reforms focused on broadening the tax base through improved administration. Revenue growth has not
responded as envisaged to a first round of tax reforms, undermining capital investment plans; despite recent
appropriate price adjustments, state-owned enterprises remain prone to large losses; and the current
account deficit remains elevated and financed mainly through debt-creating flows, IMF staff report noted.
Comprehensive tax reforms were introduced in 2010 and 2011 to simplify the tax structure and broad basethe tax system, under which corporate income tax was brought down from 35% to 28%; the VAT rate was
unified at 12%; and certain other taxes were abolished. However, the pace and quality of fiscal adjustment
fell short of ambitious plans, and tax rate reductions generally took precedence over base broadening, while
costrecovery pricing at state-owned energy companies has yet to emerge,IMF staff report remarked.
[Source: www.dailynews.lk]
Nepal billionaire plans to set up USD75mn cement plant in Jaffna: Nepal's first Forbes billionaire, BinodChaudhary has submitted a proposal worth of USD75 mn to the Sri Lankan government to set up a state-of-
the-art cement plant in Jaffna Peninsula, a statement issued by Chaudhary's office said. In Sri Lanka,
Chaudhary has an estimated USD 200 mn investments, including projects underway and proposed.
[Source: www.dailymirror.lk]
Tourism to earn USD3 bn by 2016 : Four years after the 30-year anti-terrorist war tourism has become oneof Sri Lankas biggest foreign exchange-earners with average annual revenue of USD1 bn at present. The
number of tourist arrivals last year was 1,005,605 while in January this year 97,411 tourists visited the
country. The country is expected to earn an annual income of USD3 bn by 2016. The government has set a
target of attracting 2.5 mn high spending tourists by that year. Sri Lanka Tourism Chairman Bhashwara
Gunarathna explained the rationale behind launching Get Sri Lankened campaign in India and how Sri
Lanka Tourism plans to achieve maximum influx of Indian tourists from Indian market. He said Sri Lankas
target is to attract 400,000 Indian tourists by year 2016 thus helping to reach the goal of 2.5 mn arrivals by
year 2016.
[Source: www.ft.lk]
Global News
China, India to be worlds two biggest investors by 2030: World Bank: The percentage of global investmentthat goes to developing countries should triple in the next two decades as emerging economies catch up to
richer nations and become more integrated into financial markets, the World Bank predicted in a report last
week. These nations and their comparatively younger and bigger populations are also set to become the
largest sources of capital, with China and India turning into the worlds two biggest investors by 2030, the
global development lender said. The shifting landscape of saving and investment has profound implications
for everything from which currencies will dominate global markets to the rise of new financial centres,
patterns of capital flows and investment priorities. But policymakers are still woefully unprepared for the
changes, fixating instead on what will happen in the next three to six months, Kaushik Basu, the World
Banks Chief Economist, said. Standard & Poors earlier this week predicted that Chinese non-financial
companies will overtake US companies in their borrowing needs over the next two years. By 2030, for every
dollar invested in the world, 60 cents will flow into developing countries, a dramatic change from 20 cents to
-
7/30/2019 Daily Trade Journal - 20.05.2013
7/8
Softlogic Equity Research Page | 7
the dollar in 2000. China will make up 30% of all investment activity, while the United States will have 11%
and India, 7%. The numbers assume the world will grow on average 2.6% to 3% a year in the next two
decades, while emerging economies will grow 4.8 to 5.6% a year.
[Source: www.ft.lk]
China Home-Price Gains Signal Growth Challenge for Li: Chinas new-home prices rose last month in 68 of70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool theproperty market even as economic growth slows. Chinas policy makers are trying to avoid property bubbles
and make homes more affordable while bolstering an economy that lost steam in the first quarter.
Expanding a campaign against housing speculation could choke off real-estate development that is helping
counter a slowdown in manufacturing investment and supporting demand for steel, cement and household
goods. The government faces a dilemma, said Zhang Zhiwei, chief China economist at Nomura Holdings
Inc. in Hong Kong. They have to make a choice between property prices and economic growth.
[Source: www.bloomberg.com]
-
7/30/2019 Daily Trade Journal - 20.05.2013
8/8
Softlogic Equity Research Page | 8
Softlogic Equity ResearchDimantha Mathew
[email protected]+94 11 7277030
Kavindu Ranasinghe
+94 11 7277031
Imalka Hettiarachchi
+94 11 7277032
Softlogic Equity SalesBranches
Horana
Madushanka Rathnayaka
No. 212, 1st
Floor, Panadura Road, Horana
+94 34 7451000, +94 77 3566465
Negambo
Krishan Williams
No. 121, St. Joseph Street Negambo
+94 31 2224714-5, +94 77 3569827
Kurunegala
Bandula Lansakara
No.13, Rajapihilla Mawatha, Kurunegala
+94 37 2232875, +94 77 3615790
MataraLalith Rajapaksha
No.8A, 2nd
Floor, FN Building, Station Road, Matara
+94 41 7451000, +94 77 3031159
Dihan Dedigama
+94 11 7277010, +94 77 7689933
Chandima Kariyawasam
[email protected]+94 11 7277058, +94 77 7885778
Sonali Abayasekera
+94 11 7277051, +94 77 7736059
Thanuja De Silva
+94 11 7277059, +94 77 3120018
The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon
information obtained from sources believed to be reliable and in good faith. Such information has not been independently verified and no guaranty, representation
or warranty, express or implied is made as to its accuracy, completeness or correctness. All such information and opinions ar e subject to change without notice. This
document is for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and
this document is not, and should not be construed as, an offer, or solicitation of an offer, to buy or sell a ny securities or other financial instruments.
Softlogic Stockbrokers (Pvt) Ltd may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which
they are based before the materialized disseminated to their customeLKRNot all customers will receive the material at the same time. Softlogic Stockbrokers, their
respective directors, officers, representatives, employees, related persons and/or Softlogic Stockbrokers, may have a long or short position in any of the securities or
other financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer t o make a purchase and/or sale of any
such securities or other financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Softlogic Stockbrokers
may make markets in securities or other financial instruments described in this publication, in securities of issuers described here in or in securities underlying or
related to such securities. Softlogic Stockbrokers (Pvt) Ltd may have recently underwritten the securities of an issuer mentioned herein. This document may not be
reproduced, distributed, or published for any purposes.