Daily Trade Journal - 29.04.2013
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Transcript of Daily Trade Journal - 29.04.2013
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7/30/2019 Daily Trade Journal - 29.04.2013
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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]
YTD Performance
S&P SL 20 Index
39.5
114.9
8.5
158.9
44.0
Monday, April 29, 2013
822.2
% ChangePoint ChangeToday
65.3
845.8
0.09 %
0.11 %
2,286.3
ASPI
S&P SL 20 Index
+ 5.45
+ 3.78
5,967.62
3,363.14
ASPI 5.8%
9.0%
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 29.04.2013The bourse trading on marginal grounds: The
market activities of the Colombo Bourse were
rather stagnated in the early trading session.
However the index denoted a sudden dip in late
trading and recovered marginally thereafter. ASPI
closed at 5,967.62 with a marginal gain of 5 points.
Gains recorded in Ceylon Tobacco (+2.3%), LionBrewery (+2.1%) and Commercial Leasing and
Finance (2.0%) weighted positively on the index
performance. However losses in Lanka Hospital
Corporation (-4.5%) and Asian Hotels and
Properties (-1.4%) kept the index on the marginal
ground. S&P SL20 too ended with a marginal gain
of 3.8 points.
Colombo Dockyard spearheaded the turnover:
Colombo Dockyard spearheaded the daily
turnover backed by a single off-board transactiontotaling 250k shares which was dealt at LKR.220.0.
The counter too denoted two large on-board
transactions of 200k shares and 130k shares at a
price of LKR220.0. DOCK closed at LKR224.0 with a
gain of 1.8%. Commercial Bank of Ceylon and
John Keells Holdings too recorded crossings where
the former transacted an off-board block of 267k
shares at a price of LKR114.50 and the latter
crossed 106k shares at a price of LKR249.6.Colombo Land and Development Companyextended gains with Pin Bar pattern: Retail
favorite; Colombo Land and Development
Company extended its gains today for the ninth
straight day topping todays on-board turnover list.
However the counter witnessed a bearish
technically called pin bar bar pattern today
where it reached a high of LKR56.80 before closing
at LKR52.70 with a gain of 0.8%.Improved retail activity: Heavy retail activity was
seen in Touchwood Investments, CentralInvestment & Finance and Colombo Fort Land and
Building.
Index traded on a volatilenote
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Statistical Look Up
Treasury Bill (%) 26.04.2013
9.23
10.23
11.34
13.45
Inflation (%) Mar-13 7.5
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 q
Beverage, Food & Tobacco p
Construction & Engineering p
Diversified p
Healthcare q
Hotels & Travels q
Land & Property q
Manufacturing p
Plantation q
Telecom q
3.82%
2.2
23.6
390.7
13,640.2
% Change
0.09%2.2
-64.91%
16.1
0.78%
1.37%
1.45%
6.62%
% WoW
ChangeLast Week
1.62%
-61.64%
86.39%
-70.58%
414.4
2,284.2
105.5
-4.45%
-4.45%
% WoW
ChangeLast Week
885.3
7.0
0.76%
2.35%
0.09%
Today
114.9
2.2
44.0
16.1
5,967.6
0.11%
2,286.3
2.3
158.9
-37.08%
-37.08%-38.08%
-1.20%
6.765.3
248
3,363.1
1,344.4
10.6
251
845.8
0.09%
-59.43%
-31.51%
Week ending
2.29%
77.60%
2.90%
1.62%
0.74%
1.62%
241
2,249.8
5,872.4
3,338.4
36.8
1.62%
0.00%
391.8
64.2
327.6
Change %
5,962.2
3,359.4
2.3
0.09% 15.9
Pre Day
13,526.1
16,614.9
1,942.1
3,485.5
570.0
-0.22%
2,704.4
1,916.1
-0.08%
1.08%
0.95%
0.01%
2,740.3
16,409.5
532.6
171.5 169.8-0.23%171.1
2.3
2,773.8
16,795.1
2,766.3
1,942.3
13,628.9
Pre Day
0.00%
3 months
6 months
12 months
YoY Change
Annual Avg
AWPLR
Excess Liquidity (LKR 'bn) as at 29.04.2013
Today
-25.06
685.2 691.3 -0.89% 639.9 7.07%
804.4 810.1 -0.71% 803.9 0.07%
2,671.8
3,428.2
-0.38%
3,477.8
567.8
0.40%2,762.8
5500
5600
5700
5800
5900
6000
Index
ASPI
3240
3260
3280
3300
3320
3340
3360
3380
Index
S&P SL20
0.0
50.0
100.0
150.0
200.0
0
500
1,000
1,500
2,000
2,500
Volume('mn)
TurnoverLKR('mn)
Turnover Volume
Softlogic Equity Research Page | 2.
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High Index Calibre USD350 Mn
Price Gainers Price Losers
Top 05 Performers for the Day
DOCKYARD
COLOMBO LAND
COMMERCIAL BANK
TOUCHWOOD
JKH
Most Active
Close
249.90
815.10
249.00
834.90
163.00
121.60
710.20
9.30
Volume (mn)
1.6%
Turnover
(LKR)
2.6%
146,113,725
50,693,267
48,153,924
93,094,729
60,571,150
3.95
1.72
0.19
1.2% 26,351,202
35,608,697
4.1%
114.50
7.30
249.90
S M B LEASING 1.00
TOUCHWOOD 7.30
% Change
PIRAMAL GLASS
BLUE DIAMONDS 4.30
5.20
13.17
6.51
4.10
0.76%52.30
0.53
6.51-5.19%
2.52
8.00%
-5.19%
0.00%
2.2%
2.1%
2.2%
Contribution to
Total T/O
10,769,048
0.16%
6.40
50,693,267
5,209,743
32.12
HUNAS FALLS
PARAGON
Pre Day
1.76%216.20 6.4%0.66
Volume (mn)% Change
8.16%
+ 4.30 8.92%
220.00
CompanyContribution to
Total T/O
143.00
0.2%
0.5%
Turnover
(LKR)
153.10
2.66
1.42
113.80
57.00
152.10
42.80
12,339.93
71.40
216.80
162.70
42.80
708.10
70.00
17.90
30.70
TodayCompany
153.50
SERENDIB HOTELS [X]
901.20
97.31
4.48568.13
13.89
83.18
337.93
6.49
Today
8.09%
Turnover
USD ('000)
7.0010.33%
Intraday
Low (LKR)
Turnover
LKR ('000)
60,571.15
822.61
477.66
0.66
800.00
48,153.92
Intraday
High (LKR)
250.00
3.21
141.60
215.20
121.50
169.00
43.50
9.30
% Change
JOHN KEELLS HOLDINGS 192,895
SAMPATH BANK
ASIAN HOTELS & PROPERTIES 8,105
1.7%
11,021233
39,701
9.4%
6.7%CEYLON TOBACCO
CARSON CUMBERBATCHNESTLE LANKA
SRI LANKA TELECOM
COMMERCIAL BANK [V]
3.9%
3.2%BUKIT DARAH
DIALOG AXIATA
HNB [V]
DFCC BANK
CARGILLS
27.90
1,776.00
114.90
406.59
13.53
LOLC
AITKEN SPENCE 124.00
2.2% 43.20
1,715.67
164.90
4,958.85417.58
39.113.29
440.10
724.90
9.50
1,790.00
114.50
450.001,800.00
1,761.53
5,478.68
4.0%
2.2%
1.2%
117
36,234
10,803
3,304
4.2%
173.90
59.00
3.3%
169.20
57.60
449.50
3.4%
52.70
0.35%
1.6%
2.3%
Change
- 0.70
- 88.80
- 1.60
- 2.70
% Change
217.50
7.70
249.50
114.10
CDB [X]
+ 4.60
CITRUS WASKADUWA
70.00
142.80
Volume
379.74
3.12%
4.88%
529,050
4,073.52
180.47
4,421 3,537.80
1.4%
Change
29.90
Company% of
Mkt Cap
6.60
Today Pre Day
2.50
7.70
1.00
+ 2.80
DISTILLERIES
28,621
56,887
CIFL 2.70
Company
32,386
14,263
1,179
ON'ALLY
SUNSHINE HOLDING
Company Today
1.5%
CONVENIENCE FOOD
ENVI. RESOURCES [W 0006] 2.90 + 0.30 11.54% CEYLON LEATHER [W 0014] 4.70 - 0.50 -9.62%
-8.08%
-8.21%
-9.09%
-8.97%
216.50
61.00
52.50
+ 16.20
Softlogic Equity Research Page | 3.
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Currency Board Announcements
Local - Indicative Rate against LKR Dividends
Dollar Piramal Glass Ceylon PLC
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
q
p
q
q
p
* Time is as at ET Source: www.bloomberg.com
Commodit Markets
Crude Oil (Brent) q
Crude Oil (WTI) p
ICE Cotton #2 p
CBOT Wheat p
COMEX Gold p
COMEX Silver p
COMEX Copper p
* Time is as at ET Source: www.bloomberg.com
00-Jan-00
To be notified
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*
USd/bu.
86.07
Price
103.14
93.39
USD/bbl.
102.72
AGRICULTURE
Hong Kong Hang Seng Index
Nikkei 225
ASIA
FTSE 100 Index
EU
196.86
0.38
0.00 0
Dates
126.81
0.0033.81
Malaysia
4.05
130.74
20.57
2.33
1.30
41.86
India
Currency
165.54
Indicative Rate
29.04.2013
China
0
Payment DateDPS (LKR) XD Date
6,424.1
Singapore
Switzerland
Thailand
UK
-0.02
33.1
0
2,697.4
134.70
1/0/1900
1/0/1900
4.34
USA
02:28
-2.3
1/0/1900
Change
0.52%
-42.0
04:01
0
00-Jan-00
1/0/1900
1/0/1900
07:00
07:00
-0.04%
07:00
Company
07:00
07:00
07:00
26-Apr
26-Apr
06:51
06:50
Time*
07:00
0.99%
Change %
0.94%
2.17%
-0.02%
0.42%
-0.30%
0.15%
1.27%
-2.9
Change
2.16%1.82
0
0.39
Change %
321.75
USD/t oz.
USD/t oz. 0.52
699.00
3.15
24.31
Index
Dow Jones Industrial Average
S&P 500 Index
EUROPE
EURO STOXX 50 Price EUR
13,884.1
Value
14,712.6
1,582.2
USD/bbl.
USd/lb.
USd/lb.
AMERICA
6.50
METALS
ENERGY
Commodity
22,580.8
Units
0
14.0
Proportion
00-Jan-00
00-Jan-00
0.00
0.00
0.08%
-0.18%
11.8
Russia
Saudi Arabia
Japan
1,472.00 18.40
Australia
Softlogic Equity Research Page | 4.
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Softlogic Equity Research Page | 5
CSE Announcements
Introduction: Aitken Spence Plantation Managements Limited: Theshares of the above Company would commence trading from 3rd May 2013 and
would be classified under the Plantations sector. These shares would be listed
on the Diri Savi Board.
Bank of Ceylon: The Secretary, Ministry of Finance & Planning has appointed Mr. K.M.M. Siriwardana,Director General, Fiscal Policy, General Treasury as the Ex-officio Director Bank of Ceylon with effect from
24.04.2013, in place of Mr. S.R. Attygalle. Mr. R.M.A. Ratnayake has been appointed as the Alternate
Director to K.M.M. Siriwardana.
Dealings by Directors
Local News
Sri Lanka tourist arrivals up 11.6% in February: Tourist arrivals to Sri Lanka rose 11.6% in February 2013 to93,232 from a year earlier, helped by gains in Europe and East Asia, official data showed. Arrivals from
Western Europe rose 13.7% to 43,635 with Britain growing 26.1% to 11,031 and Germany up 8.1% to 8,276.
Arrivals from France rose 4.0% to 6,632, Netherlands was up 1.1% to 3,020 and Switzerland was up 27.1% to
2,980. Visitors from Eastern Europe rose 17% to 7,218 with Russian arrivals up 9.6% to 3,286 and fromUkraine 2,788 up 38.7%. Visitors from the Middle East rose 5.8% to 3,887. East Asian arrivals rose 22.7% to
12,589 led by an 89.1% increase in Chinese visitors followed by Japan at 2,676 up 14.1%. Sri Lanka's tourist
authorities and the industry have been pushing for more tourists from China. In the first two months Chinese
arrivals were up 57.9% to 6,145 from a year earlier. Malaysian visitors rose 27.9% to 1,973 while tourists
from Singapore dropped 23% to 1,030 and those from Taiwan fell 67% to 262. Korean visitors also dropped
23.7% to 492. South Asian visitors rose only 2.5% to 15,897, with India Sri Lanka's largest generating
dropping 1.8% to 11,139.
[Source: www.lbo.lk]
1Q tea exports value up, volume down: The countrys tea exports in the first quarter saw an increase valuewise though in terms of quantity shipped was lower. Total tea exports amounted to LKR42.28 bn in the first
three months of this year, up by near 6% from LKR40 bn a year earlier. Approximate average unit FOB value
per kilo was LKR595.85 up by 13% or LKR68 from LKR527.92 in the first quarter of last year. Volume wise,
exports amounted to 71 mn kilos, down by 4.9 mn kilos or 6% in comparison to first quarter of last year.
Exports of tea in bulk (LKR16 bn), packets (LKR18.5 bn) and green tea (LKR1.5 bn) saw increase in value wise
over last year whilst tea in bags (LKR6 bn) instant tea (LKR336 mn) were marginally down in 2013 first
quarter. However the three categories showed increase in their average FOB price per kilo, all above
LKR1,000 per kilo levels. Average price of other teas too rose.
[Source: www.ft.lk]
Planters look to trade union, worker cooperation to up productivity: The Planters Association of Ceylonstates that the latest plantation worker wage increase could ensure a monthly income of at least LKR15,500
per person and called for trade union and worker co-operation to increase productivity and efficiency. Thedaily wage package was increased by 20% from LKR515 to LKR620. The wage increase will cause the cost of
production of tea to escalate to its highest levels ever by an increase of LKR40 per kilogram effective from 1
April this year. Sri Lankas cost of production of tea is the highest in the world.The Planters Association that
Company Name Relationship Transaction Quantity Price (LKR) Date
Pan Asia Banking Coporation [PABC: LKR21.0] Mr. W.D.N. H. Perera Director Purchase 1,176,786 20.0-21.0 24.04.13-26.04.13
Type Security Code ISIN Total Number of Shares to be Listed
Ordinary Voting Shares ASPM-N-0000 LK0421N00004 21,300,000
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Softlogic Equity Research Page | 6
represents the Regional Plantation Companies (RPCs) which subscribed to the new wage hike, have called for
improved productivity and efficiency, stating them as a mustto mitigate the wage increase, which would
erode profit margins of tea. Planters Association Chairman Lalith Obeyesekere emphasised the need for
highest cooperation from trade unions and workers. The new wage package could be a win situation for the
worker, he noted. The payment for a minimum 25 days work would enable a single worker to earn a
minimum of LKR15,500 per month. A family of three would have a monthly household income of around
LKR45,000. This is in addition to the non-wage benefits of free housing, child care, health and education thatare provided to all plantation families,Obeyesekere added.
[Source: www.ft.lk]
Perceived Economic Opportunity Index improves in March: The Perceived Economic Opportunity Index(PEOI) recorded a slight yet welcome increase for March after falling for three consecutive months. The
index compiler, Foundation for Economic Freedom in Sri Lanka (FEFSL) said the uptick to 1.64 comes after
the index registered its lowest point of 1.56 in February. Without any significant bad news on the
economic front and with traditional April holiday shopping taking place during the first week of April when
the survey was conducted and perhaps also buoyed by the fact that the currency having appreciated; the fall
in optimism seemed to have taken a breather,FEFSL said. The question now is whether this uptick is a
temporary phenomenon or if it is taking on a new positive path. Given that the PEOI is well below themidpoint of 2 and very much in to the relatively pessimistic territory there needs to be a significant rise in the
PEOI to reflect a mood shift from pessimism to optimism,it added.
[Source: www.ft.lk]
Rishad, CEB start work on Lankas industrial power costs:Sri Lankas industrialists who flocked to Industryand Commerce Ministry on Friday, urged the CEB to become more efficient and consider alternative sources.
Interestingly, they commended the Industry Ministry for the ongoing support in getting them connected to
the high power grid. We shall be starting a series of industrialist-CEB consultations immediately on power
efficiency and costs so that our industry sector can overcome the latest surge, Minister of Industry and
Commerce said. The latest tariff hike on the Lankas industrial sector is a flat 15% for all categories which is
lesser than the rate hike in the domestic sector which is minimum 25% and 40% at maximum. Industrialists,who were in talks with Bathiudeen, belonged to all the three categories. Bulk electricity consumers are
represented in Categories I-2 and I-3 and both use Time of Use Tariffs. Of the 50,668 industrial electricity in
2011s accounts, 91% belonged to I-1, though when it came to consumption, I-1 reported only 8% of total
consumption while I-2 lead with 53% of the total 3,398 GW hours used by all industrial categories in 2011.
Sri Lanka plans to have an additional 1,755 MW power generation through the projects of Puttalam Phase 2
(2014), Trincomalee Stage 1, Broadland Hydro and Uma Oya Hydro (2016), Trincomalee Stage 2 (2017) and
rest of Trincomalee Stage 2 (2018), respectively.
[Source: www.ft.lk]
SriLankan Airlines to boost cargo, cut costs with new Airbus aircraft: State-run SriLankan Airlines expects toboost freight volumes especially on long haul flights as well as cut running costs, with the acquisition of 13
wide-body Airbus aircraft, chief executive Kapila Chandrasena said. SriLankan will replace six A340 aircraft
which are up to 18 years old and seven A330-200 aircraft with six A330-300 aircraft and seven A350-900
aircraft. Four will be acquired from Airbus and three from a leasing company. The newer aircraft will be
more fuel efficient allowing costs savings in the region of 7% to 10% even after financing costs of acquisition,
depending on the route flown, he said. As an aircraft gets older they become more expensive to operate and
maintain but new models also incorporate technology that cut costs. Airbus has said the maximum take-off
weight of the A330 has also been increased from 2012. The A350-900 aircraft in particular promises a 25%
cut in operating costs according to its manufacturer Airbus. It is made of 53% composite material with a
carbon fiber reinforced plastic fuselage. SriLankan has been boosting passenger factor, or the amount of
seats filled as a share of total available, but at the expense of cargo on long haul flights. With the new
aircraft no compromises on cargo would be needed. The A350 will be deployed on long-haul routes to
Europe and Japan.
[Source: www.lbo.lk]
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Softlogic Equity Research Page | 7
Global News
Euro-Area Economic Confidence Declines More Than Forecast: Economic confidence in the euro areadecreased more than economists forecast in April as the 17- nation currency bloc struggled to emerge from
a recession and the bailout of Cyprus renewed debt-crisis concerns. An index of executive and consumer
sentiment dropped to 88.6 from a revised 90.1 in March, the European Commission in Brussels said today.
Thats the lowest since December. Economists had forecast a decline to 89.3, according to the median of 26
estimates in a Bloomberg News survey. Business confidence and investor sentiment in Germany, Europes
largest economy, dropped more than expected in April. European Central Bank President Mario Draghi said
on April 19 that the economic situation in the bloc hadnt improved since the beginning of the month. At the
same time, Draghi expects the economy to recover from a recession later this year and economists forecast
growth in the second quarter, a separate Bloomberg survey shows. The flawed bailout in Cyprus has revived
uncertainty in Europe,said Annamaria Grimaldi, an economist at Intesa Sanpaolo SpA in Milan. But I think
the concerns are only temporary and we will see modest growth in the second half of this year.
[Source: www.bloomberg.com]
China Industrial Profit Growth Slows as Economic Recovery Wanes: Growth in Chinese industrialcompanies profits slowed in March, adding to evidence the nations economic recovery is losing steam. Net
income increased 5.3% from a year earlier to 464.9 bn yuan (USD75 bn), down from a 17.2% pace in the first
two months, the National Bureau of Statistics said on its website on April 27. Profit in the first quarter rose
12.1% to 1.17 trillion yuan, it said. Profits are only growing in line with sales and with problems of
overcapacity and the sluggish global picture, it doesnt bode well for a speedy return to higher profit
margins,said Louis Kuijs, chief China economist at Royal Bank of Scotland Group Plc in Hong Kong. Heavy
industries especially still face destocking and higher costs, but if there is a silver lining, industries catering to
the consumer, like textiles, food and beverages, seem to be doing much better.
[Source: www.bloomberg.com]
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Softlogic Equity Research Page | 8
Softlogic Equity ResearchDimantha Mathew
+94 11 7277030
Kavindu Ranasinghe
+94 11 7277031
Imalka Hettiarachchi
+94 11 7277032
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The report has been prepared by Softlogic Stockbrokers (Pvt) Ltd. The information and opinions contained herein has been compiled or arrived at based upon
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