Weekly Plus - 2014 Issue 08 (21.02.2014)

8/12/2019 Weekly Plus - 2014 Issue 08 (21.02.2014)

1/12

2014 Issue 08 Week Ending 21-02-2014

Weekly Market Wrap UpStat Page Pg 02

Weekly Stock Trends Pg 03

S&P SL20 Watch Pg 04

Local Economy in BriefCurrency Moves Pg 05

Inflation & Interest Rates Pg 06

Colombo Tea Auction Pg 06

Tourism Pg 06

Global MarketEquity Market Outlook Pg 07

Global Commodity Trend Pg 08

Research Chat:Corporate Update-NDB Pg 09

Our Core Coverage Pg 10-Pg 11


2/12

Current WoW %

ASPI 5937.28 -2.4%

S&P SL20 3237.82 -2.6%

Turnover (LKR 'bn) 3,853.9 -14.7%

Volume ('mn) 212.2 -11.9%

Market Cap. (LKR 'bn) 2,479.4 -2.4%

LKR ('mn) Current WoW %

Foreign Purchases 1,040.8 15.6%

Foreign Sales 1,814.0 -8.3%

Net Foreign Inflow -773.2 -28%

Foreign Participation 26% -34.9%

Net Foreign 208 -773

Current WoW %

PER 15.7 -2.4%

PBV 2.0 -2.4%

DY 2.9 3.6%

Current WoW %

BANKS FINANCE & INS. 13,344.0 -1.1%

BEV. FOOD & TOBACCO 20,247.3 -4.6%

CHEM. & PHARMA. 5,873.8 -5.0%CONS. & ENG. 2,751.7 -1.7%

DIVERSIFIED 1,714.1 -2.7%

HEALTH CARE 759.8 -2.5%

HOTELS & TRAVELS 3,128.3 -1.6%

NAT. DEV. BANK (+) 0.3% DIALOG (+) -0.47% LAND & PROPERTY 559.9 -3.4%

A.SPEN.HOT.HOLD. 1.86% NATIONS TRUST (+) -13.71% MANUFACTURING 2,863.2 -3.1%

TEXTURED JERSEY 0.3% JKH -0.19% MOTORS 15,226.5 -0.6%

SAMPATH (+) 0.23% AMANA BANK (+) -1.3% PLANTATIONS 710.5 -2.5%

LAUGFS GAS 18.34% COMMERCIAL BANK (+) -0.10% TELECOM 168.6 -0.6%

-3064

579.6

Change in Foreign HoldingDecline in

Value

LKR 'mn

Decline in Foreign Holding

Growth in

Foreign

Holding

Growth in Foreign Holding

2,797.9

1,762.3

779.7

6,180.0

-319.2

Weekly Stat Page

Previous

Weekly Market Statistics

Weekly Foreign Flow

Weekly Market Valuations

Weekly Sector Statistics

Decline in

Foreign

Holding 3,177.6

2,954.3

15,324.0

Previous

6083.39

728.7

169.6

3325.76

4,519.6

16.1

2.0

2.8

Previous

13,498.9

21,220.7

-1,078.2

39%

900.7

1,978.9

240.8

2,539.5

Previous

-215.3

-47.4

-33.1

-1078

Growth in

Value

LKR 'mn

37.0

12.2

12.1

10.1

7.6

-283.4

5,700

5,800

5,900

6,000

6,100

6,200

6,300

Daily Index Movement

ASPI

0

100

200

300

400

0

2,000

4,000

6,000

8,000

31-Jan 7-Feb 14-Feb 21-Feb

('Mn)

LKR('Mn)

Weekly Turnover and Volume

Turnover (LHS) Volume (RHS)

0

1,000

2,000

3,000

4,000

5,000

31-Jan 7-Feb 14-Feb 21-Feb

LKR('Mn)

Weekly Foreign Purchases and Sales

Foreign Buying Foreign Sales

0%

10%

20%

30%

40%

50%

Daily Foreign Activity

Foreign Activit y Linea r (Foreign Activity)


3/12

Company WoW %

BIMPUTH FINANCE 23.32%

FINLAYS COLOMBO 23.12%SELINSING 19.71%

SHALIMAR 10.72%

MORISONS[NON VOTI 8.11%

Company WoW %

CEYLON PRINTERS -24.99%

TANGERINE -23.75%

THE FINANCE CO.[NON -21.88%

S M B LEASING[NON V -20.00%

PC HOUSE -20.00%

Company WoW %

JKH -4.37%

NATIONS TRUST -1.06%

SAMPATH 1.56%

COMMERCIAL BANK -2.63%

LANKA CENTURY 7.03%

Company WoW %

PC HOUSE -20.00%

AMANA BANK -8.93%

LANKA CENTURY 7.03%

FLC HOLDINGS -4.76%

NATIONS TRUST -1.06%

210.10970.00

750.00

89.60

52 High 52 Low

52 High 52 Low

7.10 5.00

82.00 50.20

9.60 2.90

0.70 0.30

4.70 0.30

4.70 0.30

69.00 57.00

238.00 161.60

59.00

320.001,349.40

1,038.00

221.00

13.00

1.90

65.20

Low

41.50

270.00

52 High

1,799.90

299.80

1,035.20

996.00

180.00

0.40

0.30

211.00

65.20

164.20

114.50

13.00

Weekly Top Losers

Weekly Top Performers

Weekly Top Volume

Low

Low

Low

1,350.10

61.00

5.00

1,369,150

8,771,948

Volume

Turnover

903,114,748

535,290,559

242,850,935

158,773,392

Volume

4,237,152

8,110,534

131.50

52 Low

811.00

204.00

8,110,534

0.30

5.00

30,617,836

9,821,370

8,771,948

8,254,607

18.70

18.70

3.00

69.00

9.90

9.90

1.90

57.00

105.20

1,435,224

High

59.00

301.901,287.00

997.00

200.00

Turnover

4,333,818

87411,012

1,993

1,130

Volume

86,139

310

2

6

Previous

41.60

245.201,035.00

900.00

185.00

Current

51.30

301.901,239.00

996.50

200.00

Weekly Stock Trends

52 Low

13.20

Weekly Top Gainers

52 High

Turnover

1,350

61

7,083,638

2,006,302

11,653,013

Volume

1

1

1,292,843

4,115,300

30,617,836

High

1,350.10

61.00

6.50

0.60

0.60

12.80

Previous

1,799.90

80.00

6.40

0.50

0.50

High

221.70

66.50

Previous

222.00

66.00

Current

1,350.10

61.00

5.00

0.40

0.40

Current

212.30

65.30

169.60

114.90

13.70

Turnover

11,653,013

58,438,061

Previous

0.50

5.60

128,329,951

171.00

118.20

14.70

167.00

118.00

128,329,951

16,400,113

535,290,559

High

0.60

5.70

14.70

2.10

66.50

12.80

2.10

66.00

Current

0.40

5.10

13.70

2.00

65.30


4/12

DIVIDENDS

RIGHTS ISSUE

Pelawatte Sugar

Arpico Finance

S&P SL20 Companies Previous WoW % ###JOHN KEELLS HOLDINGS 222.00 -4.37% ###

COMMERCIAL BANK 118.00 -2.63% ###

THE BUKIT DARAH 600.30 -4.21% SCRIP DIVIDEND

HATTON NATIONAL BANK 156.00 -2.18%

CARSONS CUMBERBATCH 350.00 0.00%

SAMPATH BANK 167.00 1.56%

CEYLON TOBACCO COMPANY 1,250.00 -7.39%

DFCC BANK 145.90 -2.67% CAPITALIZATION OF RESERVES

AITKEN SPENCE 102.60 -2.53%

NATIONAL DEVELOPMENT BANK 182.70 1.26%

C T HOLDINGS 142.00 -2.11%

DISTILLERIES 215.00 -3.26%

HAYLEYS 295.00 -0.37% SUBDIVISION OF SHARES

CHEVRON LUBRICANTS LANKA 280.10 -0.75%

DIALOG AXIATA 9.20 0.00%

CARGILLS (CEYLON) 147.00 -5.44%

LANKA ORIX LEASING COMPANY 75.00 -1.07% CONSOLIDATION OF SHARES

NESTLE LANKA 2,100.00 -3.77%

ASIAN HOTELS & PROPERTIES 62.00 -4.35%

LION BREWERY CEYLON 385.00 1.84%

78,030,808

84,643,877

1,019,213

5,541,356

16,327,453

334,492,718

1,849,300

5,606,197

13,526,378

2,504,654

4,693,408

0-Jan-1900 0-Jan-1900

0-Jan-1900

0 0

0-Jan-1900 0 0

0-Jan-1900

0-Jan-1900 0-Jan-1900

6,973,321

0-Jan-1900 0-Jan-1900 0-Jan-1900 0-Jan-1900

Company Proportion EGM Date Trading Date

0-Jan-1900

Company Proportion

8,465,233

3,416,831

13,065,710

0-Jan-1900

Kelani Valley Plantations

Talawakelle Tea Estates

To Be Notified1 for 4 @ LKR18.0

2 for 3 @ LKR50.0

0Turnover903,114,748

Company

XD Date

242,850,935

5,575,814

0-Jan-1900 0-Jan-1900 0-Jan-19000-Jan-1900

0-Jan-1900

0-Jan-1900

XD DateEGM DateProportionCompany

0-Jan-1900

0-Jan-19000-Jan-1900

158,773,392

1,525,591

S & P SL20 Debrief

Proportion

Announcements

Company Dividend (LKR)

31-03-2014

01-04-2014

07-04-2014

01-04-2014

5.00National Development Bank

Asian Alliance Insurance

HNB Assurance

25-02-2014

26-02-2014

28-03-2014

07-03-2014

10-03-2014

07-04-2014

Payment

Sampath Bank

Ceylon Tobacco Company

4.80

3.25

0

AIA Insurance Lanka

0-Jan-19000-Jan-1900

0-Jan-1900

EGM Date Trading Date

2,020.90

59.30

392.10

To Be Notified

0

08-04-2014

09-04-2014

08-04-2014

0-Jan-1900 0-Jan-1900

Company Proportion EGM Date XC Date

0-Jan-19000-Jan-1900

0-Jan-1900 0-Jan-1900

0-Jan-1900

0-Jan-1900

0

0

0-Jan-1900

0

28-03-2014

To Be Notified

To Be Notified

03-04-2014

2.00

3.50

3.00

8.00

8.55

0000

11-04-2014

Renunciation

0

XR Date

Current212.30

114.90

575.00

152.60

350.00

169.60

1,157.60

142.00

100.00

185.00

139.00

208.00

293.90

278.00

9.20

139.00

74.20

3,100

3,150

3,200

3,250

3,300

3,350

3,400

3,450

3,500

Daily Index Movement

S&P SL20


5/12

Local Economy

CURRENCY MOVES

130

130

131

131

131

131

131

LKR USD : LKR

1.20

1.22

1.24

1.26

1.28

1.30

LKR Japanese Yen : LKR

174

175

176

177

178

179

180

181

LKR EURO : LKR

100

101

102

103

104

105

LKR Singapore Dollar : LKR

208

210

212

214

216

218

220

222

LKR GBP : LKR

2.02

2.04

2.06

2.08

2.10

2.12

2.14

2.16

LKR Indian Rupee : LKR


6/12

BALANCE OF TRADE TOURISM

For the Month Ending: Dec-13 For the Month Ending:

Dec-13 MoM % Dec-12 2013 2012

Exports 986 -4% 871 Dec-13 153,918 85,874

Imports 1,551 -6% 1,512 YTD 1,274,593 1,030,488

Balance of Trade -565 8% -641

COLOMBO TEA AUCTION STATISTICS

Sale of

11-Feb-14 WoW %

High Grown 439.07 -0.79%

Mid Grown 419.38 -0.56%

Low Grown 513.57 -1.06%Total 484.33 -0.51%

COLOMBO RUBBER AUCTION STATISTICS

For the Month Ending: Jan-2014

Jan-14 Basis Points Sale of

Point to Point 4.4% 30 07-Feb-14 WoW %

Annual Average Change 6.5% 40 RSS 1 285.00 -6.56%

1-Yr T-Bill 7.15% 114 Brown Crepe 1X 330.00 5.94%

YoY %

Change %

340.00

411.50

YoY %

13%

Elevation

6.19%

13.00%

22.70%

05-Feb-14

442.57

1,032

1,648

79%

24%

17.89%

-19.81%

-16.18%

WoW %

3%

12%

413.48

371.14

418.57410.82

Local Economy

Elevation

Dec-13

INFLATION & INTEREST RATE

Nov-13

-616

Sale of

Sale of

07-Jan-14

Corres. 2013

421.75

519.07486.82

Dec-13

4.7%

6.9%

8.29%

Sale of

30-Jan-14

305.00

311.50

-1,200

-800

-400

0

400

800

1,200

1,600

2,000

Balance of Trade

Exports Imports Balance of Trade

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000180,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Tourist Arrivals

2010 2011 2012 2013

2%

4%

6%

8%

10%

12%

14%

Jan-14Nov-13Sep-13Jul-13May-13Mar-13Jan-13

Inflation and Treasury Bill Rate

1-Yr T-Bill Point to Point Annual Average Change


7/12

EQUITY MARKET OUTLOOK

Global Markets

14,500

15,000

15,500

16,000

16,500

17,000

Index Dow Jones Industrial Average

6,200

6,300

6,400

6,5006,600

6,700

6,800

6,900

Index FTSE 100 Index

1,700

1,750

1,800

1,850

1,900

Index S&P 500 Index

7,000

9,000

11,000

13,000

15,000

17,000Index Nikkei 225

2,800

2,900

3,000

3,100

3,200Index EURO STOXX 50 Price EUR

19,000

20,000

21,000

22,000

23,000

24,000

25,000Index Hong Kong Hang Seng Index


8/12

WTI Crude USD/bbl 102.53 1.8%

Gold USD/t oz. 1,320.80 -0.4%

Copper USd/lb. 327.60 -0.2%

Cotton USd/lb. 88.60 -0.5%

Wheat USd/bu. 611.00 2.5%

GLOBAL COMMODITY TREND

89.04

596.25

Commodity This WeekLast

Week

WoW

Change

1,325.70

328.25

Global Markets

100.75

85

90

95

100

105

USD/bbl WTI CRUDE FUTURE

70

75

80

85

90

95

USd/lb. COTTON NO.2 FUTURE

1,100

1,150

1,200

1,250

1,300

1,350

USD/t oz. GOLD 100 OZ FUTURE

0

200

400

600

800

USd/bu. WHEAT FUTURE(CBT)

300

310

320

330

340

350

USd/lb. COPPER FUTURE


9/12

Softlogic quity ResearchPage | 9

Earnings dipped significantly due to the absence of capital gains during the

quarter and notable impairment charged on few selected loans.

NDB recorded net earnings of LKR445.3 mn in 4Q2013, a significant decline cf. to the comparative

quarter net earnings of LKR6.9bn. Nevertheless, excluding the LKR5.9 capital gain component resultant

with the divestment of Aviva NDB Holdings and Aviva NDB insurance, the group recorded an earnings

dip of c 59.8%YoY in 4Q2013 mainly on account of the significant impairment charges during the

quarter.

Impairments hit bottom line:NDB recorded a 59.8%YoY dip in earnings in 4Q2013 to LKR445.3mn mainly

on account of the higher impairment charges. Total impairment during the quarter was recorded at

LKR1bn which was a notable c 2553%YoY increase. Individual impairment charged consisted of c 70% of

the total impairment during the period. These loans consist of 3-4 individually identified loans and, are likely to be non-recurring (further impairment in these loans) in the comingquarters. For the financial year the group recorded LKR1.2bn impairment which was a 2354%YoY rise which resulted in a full year earnings decline of 15.0%YoY (excluding capital

gains) to LKR2.6bn.

Marginal Growth in in NII amidst encouraging loan book growth: NDB reported a NII of LKR1.8bn in 4Q2013 which was a marginal growth of 5.8%YoY. Nevertheless, during the

quarter loan book grew by 11.5% cf. marginal growth of 6.0% in the first nine months 2013. However these loans were lent in the latter part of the quarter and the income is yet to

be realized. For the full year FY2013 NDB recorded a healthy 19%YoY rise in NII.

We forecast earnings of NDB at LKR3.2 bn (+23.2% YoY) in 2014E and LKR4.0bn (+22.2% YoY) in 2015E. This translates to a P/E of 9.3x on 2014E and 7.6x on 2015E earnings. In

2014, we expect NDB to further divert its funds to increase the lending portfolio and focus is mainly expected to be in the project financing (which includes infrastructuredevelopment, tourism etc) and the SME sector. In addition, we anticipate NDB to record lower impairment charges conservatively at its historical levels (below 3%) which would

support the bottom-line going forward. We also expect NIMs to decline to 4.1% in 2014E and 4.0% in 2015E cf. 4.5% in 2013 with the overall interest rate decline which would

negatively impact NII (especially in 2014E)(Appendix 1) and the earnings is anticipated to grow through volume (Lending). Given the recent price appreciation of NDB and the

single digit PE multiples we maintain a hold on the counter.


10/12


Name Y/E Rec Mkt Price NAVPS P / BV DPS

21-Feb-14 M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 4E M ar '1 2 M ar '1 3 M ar '1 4E M ar '1 5E M ar '1 3

( 'M n) ( 'M n) ( 'M n) D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 4E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 4E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 3E D ec '1 1 D ec '1 2 D ec '1 3E D ec '1 4E D ec '1 2

Banking, Finance & Insurance

Ce ntra l F in an ce CF IN .N 0000 M Buy 1 90.00 18,283 104.9 19,928 174.32 1.09 2,675 3,041 3,437 3,829 3,084 25.51 2 9.00 3 2.77 3 6.51 29.41 46 14 13 11 7.4 6.6 5.8 5.2 6.5 2.1 1.1 14.6

Ceyl inco Insurance CINS.N0000 D 1,374.50 14,364 26.4 36,307 543.79 2.53 1 ,508 1,953 2,087 57.08 73.94 79.01 57 30 24.1 18.6 17.4 12.5 0.9 10.5

Co mm er ci a l B an k CO MB .N 000 0 D Buy 1 14.90 58,257 849.3 97,583 68.60 1.68 8,048 10,080 10,685 12,591 9,676 9.48 11.87 1 2.58 1 4.83 11.39 46 25 6 18 12.1 9.7 9.1 7.8 10.1 4.5 3.9 13.8

Commerc ial Bank [X] COMB. X0000 D Buy 94.00 58,257 849.3 79,833 68.60 1.37 8,048 10,080 10,685 12,591 9,676 9.48 1 1.87 1 2.58 1 4.83 11.39 46 25 6 18 9.9 7.9 7.5 6.3 8.3 4.5 4.8 13.8

DFCC Ba nk DFCC.N0000 M MTB 142.00 37, 196 265.1 37, 644 140.31 1.01 2,900 3,523 3,453 3,915 3,210 10.94 13. 29 13. 02 14. 77 12. 11 (43) 21 (2) 13 13.0 10.7 10.9 9.6 11.7 5.0 3.5 7.8

H a tt on N a ti o na l B a n k H NB .N 00 00 D Buy 1 52.60 55,738 400.0 61,042 139.34 1.10 6,149 8,111 9,258 11,113 8,931 15.37 2 0.28 2 3.14 2 7.78 22.33 28 32 14 20 9.9 7.5 6.6 5.5 6.8 8.5 5.6 11.0Hatton Nat ional Bank [X] HNB. X0000 D Buy 1 22.10 55,738 400.0 48,842 139.34 0.88 6,149 8,111 9,258 10,908 8,931 15.37 2 0.28 2 3.14 2 7.78 22.33 28 32 14 20 7.9 6.0 5.3 4.4 5.5 8.5 7.0 11.0

La nk a Ori x Le as in g Co mp an y LOLC.N 0000 M 74.20 2 1,220 475.2 3 5,260 44.65 1.66 2,933 1,863 1,816 6.17 3.92 3.82 ( 24 ) ( 36 ) 12.0 18.9 19.4 0.5 0.7 13.8

LB Fi na nce LFIN.N0000 M Buy 9 7. 20 5 ,7 07 6 9. 3 6 ,7 32 8 2. 40 1 .1 8 1 ,7 14 1 ,7 03 2 ,1 14 2 ,4 94 1 ,2 65 2 4. 75 2 4. 58 3 0. 52 3 6. 01 1 8. 27 6 8 (1) 24 18 3.9 4.0 3.2 2.7 5.3 6.5 6.7 30.0

National Development Bank NDB.N0000 D Buy 1 85 .0 0 2 4, 75 7 1 64 .8 3 0, 49 7 1 50 .1 8 1 .2 3 2 ,7 06 8 ,8 54 3 ,5 33 4 ,2 86 9 ,0 30 1 6 .4 1 5 3. 71 2 1. 43 2 6. 00 5 4. 78 2 6 2 27 (60) 21 11.3 3.4 8.6 7.1 3.4 15.0 8.1 10.9

N at io ns T ru s t B a nk N TB .N 00 00 D Buy 65.30 11,207 230.6 15,059 48.60 1.34 1,534 1,951 2,211 2,625 2,052 6.65 8.46 9.59 1 1.38 8.90 41 27 13 19 9.8 7.7 6.8 5.7 7.3 2.1 3.2 13.7

Pa n As ia B ank PAB C.N0000 D Buy 15.60 4,128 295.0 4,603 13.99 1.11 824 811 325 633 450 2.79 2.75 1.10 2.14 1.53 1 28 ( 2) ( 60 ) 95 5.6 5.7 14.2 7.3 10.2 1.0 6.4 20.0

Pe op le 's Le as in g PLC.N 0000 M Buy 1 4. 20 1 8, 57 2 1, 57 9. 9 2 2, 43 4 11 .7 6 1. 21 4 ,5 42 3 ,0 73 3 ,0 15 3 ,5 90 3 ,3 11 2 .8 7 1 .9 5 1 .9 1 2 .2 7 2 .1 0 7 4 ( 32 ) ( 2) 19 4.9 7.3 7.4 6.2 6.8 1.3 8.8 24.5

S am pa th B an k S AMP.N 0000 D Buy 1 69 .6 0 2 8, 85 6 1 67 .8 2 8, 45 9 1 71 .9 6 0. 99 4 ,1 51 5 ,2 12 4 ,0 74 6 ,2 41 3 ,8 81 2 4. 74 3 1. 06 2 4. 28 3 7. 19 2 3. 13 1 9 2 6 (22) 53 6.9 5.5 7.0 4.6 7.3 6.0 3.5 14.4

Seylan Ba nk SEYB.N0000 D 63.00 20,799 345.0 21,733 60.29 1.04 1,006 2,063 1,988 2.92 5.98 5.76 (17) 105 21.6 10.5 10.9 1.0 1.6 4.8

La nk a Ori x F in an ce LOF C.N 0000 M 3.80 5,931 2,800.0 10,640 2.12 1.79 1,246 686 898 1,026 617 0.44 0.25 0.32 0.37 0.22 (0 ) ( 45 ) 31 14 8.5 15.5 11.8 10.4 17.2 - - 21.0

Sample Sector (16) 325,015 7,773.3 427,919 41.81 1.32 41,935 52,924 70,004 5.39 6.81 9.01 19 26 10.2 8.1 6.1 12.9

Full Sector (61) 562,270 1.42 8.6

Beverage, Food and Tobacco

Cargi l l s CARG.N0000 M 139.00 11,755 224.0 31,136 52.48 2.65 1,079 578 422 4.82 2.58 1.88 (1 ) ( 46 ) 28.9 53.9 73.8 2.0 1.4 9.2

Ce yl on T ob a cco Co mp a ny CT C.N 00 00 D 1 ,1 57 .6 0 4 ,5 65 1 87 .3 2 16 ,8 46 24 .3 7 4 7.5 0 6 ,56 9 8 ,1 76 9 ,1 41 10 ,3 08 8 ,6 03 35 .0 7 4 3.6 5 4 8. 80 5 5. 03 4 5.9 3 2 9 2 4 1 2 1 3 3 3.0 26 .5 2 3. 7 2 1.0 2 5.2 4 8.8 4 .2 14 3. 9

Di sti ll eri es DIST.N0000 M LTB 208.00 49, 925 300.0 62, 400 166.42 1.25 5,675 5,520 5,816 6,452 5,577 18.92 18. 40 19. 39 21. 51 18. 59 (3 0) ( 3) 5 11 11.0 11.3 10.7 9.7 11.2 3.0 1.4 11.4

Li o n B re we ry LI ON .N 00 00 M 3 92 .1 0 6 ,1 36 8 0. 0 3 1,3 68 7 6.7 1 5 .1 1 1 ,26 2 1 ,0 46 1 ,1 07 1 ,4 57 9 65 1 5.7 8 13 .0 7 13 .8 3 18 .2 2 1 2.0 6 2 5 (17) 6 32 24.9 30.0 28.3 21.5 32.5 4.0 1.0 20.6

N es tl e ( La nk a) N ES T.N 0000 D 2,020.90 3,475 53.7 108,574 64.68 31.24 2,633 2,994 3,513 3,822 3,557 49.01 5 5.73 6 5.39 7 1.14 66.20 39 14 17 9 41.2 36.3 30.9 28.4 30.5 54.0 2.7 75.8

Sample Sector (5) 75,856 845.0 450,324 89.77 5.94 17,219 18,313 19,123 20.38 21.67 22.63 0 6 26.2 24.6 23.5 22.7

Full Sector (20) 508,269 4.28 21.2

Chemicals & Pharmaceuticals

CIC Holdings CIC.N0000 M 46.10 7,577 9 4.8 4,369 79.95 0.58 863 231 128 9.11 2.44 1.35 (7 ) ( 73 ) 5.1 18.9 34.2 1.6 3.5 11.4

La nkem Ceyl on LCEY.N0000 M 104.30 3,154 24.0 2,503 131.41 0.79 513 297 -226 21.39 12.36 (9.43) (55) (42) 4.9 8.4 -11.1 1.5 1.4 16.3

Sample Sector (2) 10,730 118.8 6,872 90.35 0.64 1,376 528 -99 11.59 4.44 (0.83) (33) (62) 5.0 13.0 -69.7 12.8

Full Sector (10) 16,564 0.85 18.7

Construction & Engineering

Col omb o Dockya rd DOCK.N0000 D 181.30 10,477 71.9 13,028 145.80 1.24 1,804 1,977 1,079 25.10 27.51 15.01 (13) 10 7.2 6.6 12.1 8.0 4.4 17.2

Sample Sector (1) 10,477 71.9 13,028 145.80 1.24 1,804 1,977 1,079 25.10 27.51 15.01 (13) 10 7.2 6.6 12.1 17.2

Full Sector (4) 39,014 2.48 9.4

Diversified Holdings

Ai tken Spence SPEN.N0000 M 100.00 28,815 406.0 40,600 70.97 1.41 3,488 3,267 3,121 8.59 8.05 7.69 38 (6) 11.6 12.4 13.0 1.5 1.5 12.1

CT Holdings CTHR.N0000 M 139.00 16,707 183.1 25,451 91.25 1.52 1,159 1,150 1,407 6.33 6.28 7.68 34 (1) 22.0 22.1 18.1 0.7 0.5 6.9

Ca rs on s Cu mbe rb atch CAR S.N0000 M 350.00 3 0,175 196.4 6 8,735 153.65 2.28 7,017 4,570 2,988 35.73 23.27 15.21 5 5 (35) 9.8 15.0 23.0 2.0 0.6 23.3

E xp o la n ka H ol d i ng s E XP O. N0 00 0 M LTB 8.00 9,466 1,954.9 15,639 4 .84 1.65 1,033 1 ,061 1 ,302 1,143 0 .53 0.54 0.67 0.58 (33) 3 23 15.1 14.7 12.0 13.7 0.1 1.5 10.9

Hayleys HAYL.N0000 M 293.90 23,074 75.0 22,043 307.66 0.96 1,038 1,854 2,150 13.84 24.72 28.67 43 7 9 21.2 11.9 10.3 4.5 1.5 4.5

Hema s Hol dings HHL.N0000 M 37.60 12,849 515.3 19,375 24.94 1.51 1,165 1,658 1,920 2.26 3.22 3.73 (4) 42 16.6 11.7 10.1 0.8 2.0 9.1

J oh n K ee l l s H o ld i ng s J KH .N 00 00 M 2 12 .3 0 1 18 ,6 74 9 90 .2 2 10 ,2 26 1 19 .8 4 1. 77 9 ,6 87 1 2, 20 1 11 ,8 74 1 0, 38 3 12 ,2 73 9 .7 8 1 2. 32 1 1. 99 1 0. 49 1 2. 39 1 7 2 6 ( 3 ) ( 13 ) 21.7 17.2 17.7 20.2 17.1 3.5 1.6 8.2

Richard Peiris RICH.N0000 M 6.50 8,065 1,958.1 12,728 4.12 1.58 2,575 1,903 1,369 1.32 0.97 0.70 53 (26) 4.9 6.7 9.3 0.2 3.1 31.9

Softlogic Holdings SHL.N0000 M 9.70 7,327 779.0 7 ,556 9.41 1.03 483 301 254 0.62 0.39 0.33 ( 42 ) ( 38 ) 15.6 25.1 29.7 0.3 3.1 6.6

Va ll ib el One VONE.N0000 M LTB 16.60 30,388 1,086.6 18,037 27.97 0.59 2,025 1,403 2,323 1,033 1.86 1.29 2.14 0.95 2 50 (31) 66 8.9 12.9 7.8 17.5 0.0 0.0 6.7

Sample Sector (10) 285,540 8,144.6 440,389 35.06 1.54 29,669 29,367 27,658 3.64 3.61 3.40 30 (1) 14.8 15.0 15.9 10.4

Full Sector (18) 470,606 1.45 15.9

Healthcare

As iri Ho spi ta l Hol d. ASI R.N0000 M 18.90 5,831 1,099.1 20,773 5.31 3.56 609 696 1,027 1 ,082 930 0 .55 0.63 0.93 0.98 0.85 219 14 47 5 34.1 29.8 20.2 19.2 22.3 0.5 2.6 10.4

Nawaloka Hospitals NHL.N0000 M 3.20 3,886 1,409.5 4 ,510 2.76 1.16 271 454 345 0.19 0.32 0.24 (75) 68 16.7 9.9 13.1 0.1 1.6 7.0

La nka Hospitals LHCL.N0000 D 41.00 27,164 223.7 9,173 121.41 0.34 437 384 564 1.95 1.72 2.52 51 (12) 21.0 23.9 16.3 0.5 1.2 1.6

Sample Sector (3) 36,880 2,732.3 34,456 13.50 0.93 1,317 1,535 1,839 0.48 0.56 0.67 (15) 17 26.2 22.4 18.7 3.6

Full Sector (6) 49,680 2.27 19.6

Book Val. Share

Cap.

Market

Cap.ROE

(%)

Trailing

DY (%)4Q

Trailing

4Q

Trailing

4Q

Trailing

Earnings EPS EPS Growth (%) PER


11/12


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Softlogic Equity Research

Dimantha Mathew

[email protected]

+94 11 7277030

Kavindu Ranasinghe

[email protected]

+94 11 7277031

Imalka Hettiarachchi

[email protected]

+94 11 7277032

Softlogic Equity Sales

Dihan Dedigama

[email protected]

+94 11 7277010, +94 77 7689933

Thanuja De Silva

[email protected]

+94 11 7277059, +94 77 3120018

Eardley Kern

[email protected]

+94 11 7277053, +94 77 7348018

Chandima Kariyawasam

[email protected]

+94 11 7277058, +94 77 7885778

Branches

HoranaMadushanka Rathnayaka

No. 212, 1st floor, Panadura road, Horana

[email protected]

+94 34 7451000, +94 77 3566465

NegomboKrishan Williams

No. 121, St. Joseph Street Negombo

[email protected]

+94 31 2224714-5, +94 77 3569827

KurunegalaBandula Lansakara

No.13, Rajapihilla Mawatha, Kurunegala

[email protected]

+94 37 2232875, +94 77 3615790

The report has been prepared by Softl ogic Stockbrokers (Pvt) Lt d. The inf ormati on and opini ons contained herein has been compiled

or ar ri ved at based upon inf ormati on obtained fr om sources believed to be reliable and in good faith . Such infor mation has not been

independently verif ied and no guar anty, representation or warr anty, express or impli ed is made as to its accuracy, completeness or

correctness. Al l such i nformation and opinions are subject to change without notice. This document i s for information purposes only,

descri ptions of any company or companies or their securi ties mentioned herein ar e not intended to be complete and this document is

not, and should not be construed as, an offer, or solicitat ion of an off er, to buy or sell any securit ies or other fi nancial instr uments.

Softlogi c Stockbrokers (Pvt) Ltd may, to the extent permissible by applicable law or r egulation, u se the above material , conclusion s,

research or analysis in wh ich they are based before the materiali zed disseminated to their cu stomers. Not all customers wil l r eceive

the material at the same time. Softl ogic Stockbrokers, their respective director s, offi cers, representatives, employees, relat ed persons

and/or Softl ogic Stockbrokers, may have a long or short position i n any of the securiti es or other fi nancial i nstruments mentioned or

issuers described herein at any ti me and may make a purchase and/or sale, or of fer to make a purchase and/or sale of any such

securi ties or other fi nancial i nstruments fr om time to time in the open market or otherwise, in each case eit her as principal or agent.

Softlogi c Stockbrok ers may make markets in securi ties or other finan cial in struments descri bed in th is publication , in securi ties of

issuers described here in or i n securiti es underl ying or related to such securi ties. Softl ogic Stockbrok ers (Pvt) Ltd may have recently

underwr itten the securi ties of an issuer mentioned herein. This document may not be reproduced, distribu ted, or publ ished for any

purposes.

Weekly Plus - 2014 Issue 08 (21.02.2014)

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Transcript of Weekly Plus - 2014 Issue 08 (21.02.2014)