Asia Wealth Research 201109 Weekly 34

8/4/2019 Asia Wealth Research 201109 Weekly 34

1/21

Sri Lanka Focus 09th September 2011 ASIA RESEARCH TEAM 1

*

Major Price Movements Large Trades

IN THIS ISSUE;

Large deals drives the market

The bourse concluded a volatile week extending its fickle

momentum, started off both the indices green and ended the

week Pg 2

Namunukula PlantationsFor the financial year ended 31st March 2011, NAMU

recorded an all time high revenue of LKR 2.1 Bn a growth of

43% YoY. Pg 3

Analysis of Various Warrants Listed on the CSEComparison of the warrants trading price with its

intrinsic value (derived through the Black Scholes Call option

valuation method) Pg 4

Asia Wealths Billion Rupee Club Pg 5Commodity Prices

Weekly overview of commodity trading Pg 6

ConclusionThe ASI continues its WoW positive momentum

Pg 8

Market Statistics9-Sep 2-Sep %

All Share Index 6990.33 6950.61

Milanka Price Index 6286.93 6297.12

Banking & Finance 16703.21 16519.03

Food & Beverage 12344.85 12104.92

Diversified 2286.78 2273.49 Hotels & Travels 4556.11 4507.58

Telecommunication 181.76 183.77

Manufacturing 3700.55 3723.36

Market Capitalisation (LKR bn) 2,507.5 2,509.2

(USD bn) 22.8 22.8

Turnover (LKR mn) 19,728.1 19,295.3

(USD mn) 179.1 175.6

Average Daily Turnover (LKR mn) 3,945.6 4,823.8

Volume (mn shares) 1,589.1 689.4 1

Foreign Purchases (LKR mn) 1,322.0 556.4 1

Foreign Sales (LKR mn) 5,763.3 594.2 8

ASI Daily Closing

Colombo Stock Market

FOCUS09th September 201

Issue Number 34

Company Volum

Blue Diamonds (X) 264,082,50

Seylan Merchant Bank 176,829,50

Seylan Merchant Bank(W) 159,707,50

Seylan Merchant Bank(X) 138,069,30

Amana Takaful 133,805,50

Renuka Agri Foods 67,234,00

Blue Diamonds 58,239,30

E-Channelling 41,295,70

Pc House 37,349,00

Free Lanka Capital Holdings 27,100,80

Ceylon Tea Brokers 26,806,30

Tess Agro 25,128,10

John Keells Holdings 19,807,50

Company Price +/-LKR +/- % Volume

Blue Diamonds(X) 5.5 1.8 48.65 264,082,500

Ceylon Tea Brokers 7.7 2.4 45.28 26,806,300

Radiant Gems 110.2 30 37.41 697,400

Stafford Hotels 62 10.7 20.86 3,812,300

Mahaweli Reach Hotels 38 6.5 20.63 2,210,600

Renuka Agri Foods 7.1 1.2 20.34 67,234,000

Multi Finance 60 -6 (9.09) 768,000

Hotel Developers 128.5 -14.5 (10.14) 10,000

Metropolitan Res Holdg 30 -3.7 (10.98) 12,300

On'ally Holdings 78.2 -9.8 (11.14) 138,400

Singalanka 320 -46.5 (12.69) 5,300

Miramar Beach Hotel 265.2 -43.2 (14.01) 1,300

The Electronic Weekl from ASIA WEALTH RESEARCH


2/21


Large deals drives the market

The bourse concluded a volatile week extending its fickle momentum, started off both the indices green and ended

the week, with the All Share Price Index gaining marginally 39.7points WoW closing at 6,990.3 (+0.6%), and theMilanka Price Index shedding 10.2 points WoW to close at 6,286.9 (-0.2%). The WoW uplift in All Share Price Index

was shouldered by price gains witnessed in Blue Diamonds (Nonvoting) (+48.7% WoW), Ceylon Tea Brokers (+45.3%

WoW), Renuka Agri Foods (+20.3% WoW), Amana Takaful (+16.7% WoW) and E-Channeling (+11.8% WoW).

Week which witnessed mix sentiments was dominated by retail interest and profit taking was seen at regular

intervals that drove the indices to fluctuate within a narrow band. Market activities were centered upon few strategic

deals that added muscle to the daily turnovers & volumes. John Keells Holdings witnessed a strategic deal when its

foreign holder Arisaig India Fund Ltd divested its stake to two local parties at a consideration of LKR215.00 per share.

The cash rich Distilleries Company captured 2% stake whilst Asian Alliance Insurance bought 1mn shares. Blue

Diamond Jewellery World Wide (voting & nonvoting) demonstrated both volume & price gains backed by retail

buying. Browns Investments & Amana Takaful too saw heavy retail participation, whilst HVA Foods grabbed both

retail & high net worth attention.

Further, East West announced the purchase of a 51% stake in Peoples Media Network (Pvt) Ltd. for a consideration of

LKR49.3mn. Meanwhile business tycoon Mr. K D D Perera made his second mandatory offer on Hayleys PLC at

LKR380.0 per share.

The market recorded an average daily turnover of LKR3.9bn over past week with an average volume of 172.3mn.

Foreign participation witnessed a staggering outflow of circa LKR5.8bn mainly due to sale of John Keells Holdings

stake by Arisaig India Fund Ltd whilst the foreign purchases amounted to LKR1.3bn, resulting a net foreign outflow of

LKR4.4bn.

The Week in FOCUS


3/21


NAMUNUKULA PLANTATIONS PLC NAMU: LKR97.8

Features

anaged by RPC plantations NAMU is a fully owned subsidiary of Richard Pieris PLC, the

mpany is a well diversified plantation company that cultivates Tea, Rubber and Oil

lm.NAMU owns 14 estates covering over 7400 hectares of land and remains to be the

rgest producer of Low Grown tea, which gives a significant boost to companys earnings,

th low grown tea trading at a premium over the mid & high grown categories.

nancial Performance

or the financial year ended 31st March 2011, NAMU recorded an all time high revenue of

R 2.1 Bn a growth of 43% YoY. This could be considered as a huge achievement compared

19% growth rate which occurred the year before. The revenue enhancement was mainly

ecause of the attractive NSAs of all 3 main crops Tea, Rubber and Palm oil. For the

QFY12, Namu posted a turnover of LKR430mn which is a 13% dip YoY. This is mainly due

reduction in the revenue from Tea (33% reduction compared to same quarter last year)

d Oil Plam (34% reduction compared to same quarter last year.)

or the financial year ended 31st March 2011 NAMU recorded a gross profit margin 32.1%,

here oil palm was the highest contributor. Although palm oil is having a GP margin of 60%

contributed only 14% to the total revenue stream. This is mainly because of the reduction

the oil palm production dropping from 14.6 Mn Kg to 12.1 Mn Kg during the year. Due to

e attractive profit margins oil palm will be the crop to concentrate in future. Rubber also

emonstrated a gross profit margin of 57 % while representing 40 % of the total revenue

mponent. For 1QFY12 NAMU managed to maintain a GP margin of 4.78% while most

her plantation companies ran into losses. The main reason for the decline in GP margin

as due to the wage revision of the plantation sector workers. (This includes a wage

vision from April to May being LKR 42 mn and a one off expenditure of LKR 76 mn which

an adjustment to the opening balance of gratuity provision.) For the 1QFY12 company

corded a net profit of LKR 1.26 mn vs. profit of LKR83.35 mn for the same period last

ar. This was mainly due to the rise in the cost of sales as mentioned earlier.

ture Outlook

AMU is considering oil palm to be its main profitable crop over its potential towards

rming bio fuel apart from edible oil. Specialization on the low grown tea enables the

mpany to enjoy premium prices over high grown and mid grown segment. With the global

onomic recovery and strong demand from Middle East and Russia it is evident that low

own NSA will show positive movement in the future. The Wage rates of the plantation

orkers are reviewed once in every 2 years. In June 2011 as per the collective agreement,

age rates were revised from LKR 447.75 to LKR 572/-.This created a negative impact on the

QFY12 results with 83% reduction in the gross profits compared to the gross profit in

011.However with the companys strategy to increase worker productivity and systematic

st control practices, the profitability can be regained In the future.

aluation

ithin next three years we, forecast the company to post earnings attributable to

areholders of LKR 616.7mn in FY2012E and reach LKR 850.1mn in FY2013E. With attractive

SAs for rubber and increasing demand from emerging economies such as China and India,

covery of crude oil prices etc will create a positive implication on the earnings for rubber.

is also expected the contribution from oil palm will play a major role in the future earnings

the company. With regard to future prospects we expect the forward PE multiples to be

7X and 2.7X for FY12 and FY13 respectively, as opposed to a plantation sector PE of circa

89X and a current trailing market P/E of 17.52X.Hence we see a great value potential in

e counter.


4/21


Exercise priceASSET Price

(2011/09/09)

Expiry

Date

Warrant

Price(2011/09/09)

Price According

to Black scholes

model (Intrinsic

Value)

Undervalued/

(Overvalued)

CLPL-W-0013 118.00 90.50 25-Aug-14 14.1 2.460173 (11.64)

CLPL-W-0014 142.00 90.50 25-Aug-15 13.9 0.299615 (13.60)

GREG-W-0002 33.00 70.50 24-Feb-12 34.2 33.458164 (0.74)

GREG-W-0003 36.00 70.50 24-Feb-14 31.6 35.692427 4.09

GREG-W-0006 39.00 70.50 24-Feb-15 30.1 35.691403 5.59

REEF-W-0017 30.00 79.80 15-Oct-11 37.6 45.669740 8.07

REEF-W-0018 30.00 79.80 30-Jun-12 30 47.336063 17.34

REEF-W-0019 40.00 79.80 15-Jun-15 23.4 45.866434 22.47

SEMB-W-0015 1.00 2.60 12-Dec-11 1.2 1.222378 0.02

SEMB-W-0016 0.80 0.80 12-Dec-11 0.4 0.000006 (0.40)

Analysis of Various Warrants Listed on the CSE

The below table depicts a comparison of the warrants trading price with its intrinsic value (derived through the

Black Scholes Call option valuation method). The 6th column to the right depicts the difference between the intrinsicvalue and the traded price. Hence, the positive figures would explain the potential for the respective warrant to

further appreciate. Thus, the negative value would denote that the warrant is overvalued at the current price

(assuming the underlying stock price to be constant). However, it is noted that the intrinsic value is derived based on

the current value of the underlying stock price, its volatility, period to maturity and the risk free rate. Hence, any

adverse movement of the mentioned assumptions would have an adverse impact on the warrant value, and any

favourable movement would positively impact the warrant value (E.g.: if in case the asset price appreciates from the

existing, it would invariably increase the value of the warrant).

Features


5/21


Table below shows the club of 35 members who have qualified to be a part ofAsia Wealth Researchs Billion Rupee

Club. The eligibility criteria lie with their earnings reaching LKR1 bn mark. The list will be refreshed on a quarterly

basis identifying the new qualifying members whilst eliminating the disqualifying.

Colombo Bourses Billion Ru ee Club


6/21


OIL

Despite the worsening Euro debt crisis, and the U.S economies dismal performance, oil prices were buoyed by supply

disruptions in the key oil producing Gulf of Mexico which rose marginally over the week to $114.55 a barrel. Oil

prices remained depressed over the week as commodity prices mirrored the fortunes of the equity markets. Oil

subsequently picked up after data out of the U.S revealed that crude oil inventories fell by 4 million barrels over the

week. However, oil is expected to decline as oil exports from Libya could be restored in the coming weeks.

GOLD

Gold witnessed a significant rise in price prompting UBS to raise its gold price outlook to $2075 an ounce by next

year. Gold prices peaked on Wednesday, touching $1923.70 an ounce on the back of the Swiss Francs decision to

peg its currency to the Euro resulting in the loss in its credibility as a safe haven asset.

WEEKLY (DATE AS AT) 11.08.11 19.08.11 27.08.11 02.09.11 09.09.11 WoW %

Change

Crude Oil (Barrel USD) 118.32 107.05 109.55 114.29 114.55 0.23

METAL

Gold (Ounce USD) 1779 1836.46 1759.99 1829.10 1870.62 2.27

Copper( Ton.USD) 8881 8803 8950.8 9167.25 9117.25 -0.55

AGRI

Tea SLR/Kg 344.46

(12 August)

342.39

(18August)

- 315.37

(Sept 02)

344.05

(Sept 09)

9.09

Rubber (RSS 1) LKR 511

(9 August)

511

(August 18)

511

(August 26)

481.50

(August 30)

484.50

(Sept 06)

0.62

Exchange Rates( LKR)

12.08.11 19.08.11 22.07.11 02.09.11 09.09.11 WoW%Change

USD 109.7 109.95 109.99 109.99 109.99 -

EURO 155.75 157.49 158.44 156.98 152.74 -2.7

STG (GBP) 177.7 181.43 179.22 177.94 175.60 -1.32

YEN 1.43 1.44 1.42 1.43 1.42 -0.7

YUAN (CNY) 17.16 17.21 17.21 17.24 17.23 -0.06

Commodit rices


7/21


COPPER

The failure of Ben Bernanke to offer any specifics with respect to its policy tools led to a fall in copper prices over the

week, as investor sentiment remained pessimistic with regard to future growth prospects. Copper prices remained

steady over the first half of the week as lower than expected inflation in China and President Obamas jobs plansought to restore investor confidence. Despite the persistence of supply disruptions in Chile, it is expected that

demand factors would continue to dictate the fortunes of the red metal.

USD

The Rupee-dollar exchange rates remained nearly unchanged despite calls by the IMF to relax the countrys soft peg

to allow the Rupee to depreciate and avert a possible credit crunch. Contemporaneously the dollar strengthened

against the Euro as growth prospects in Europe remain low.


8/21


Conclusion

The ASI continues its WoW positive momentum

Despite of a marginal WoW dip in MPI, the ASI screened a healthy WoW 40 point gain in ASI proving market recovery

This has brought faith among local investment caliber. Nevertheless, it is unfortunate to witness a heavy year to dat

net foreign outflow of LKR14.8 bn. This has been proved during the week with Arisaig India Fund Ltd fully exiting from

John Keells Holdings. Overall despite of heavy foreign selling, we solemnly expect a future inflow of foreign funds wit

the gradual market recovery. Thus we request investors to create a positive arena by pursuing on fundamentals in orde

to sustain and gain in the long run.

Market Outlook


9/21


Key Buys........................................................................................ Stock Sector Price (LKR)

Asian Hotels Hotel 91.00

Chemical Industries Chemicals & Pharmaceuticals V 132.00 NV 89.90

(Colombo)

Commercial Bank Banking V 230.00 NV 159.00

Distilleries Food & Beverage 175.00

Asian Hotels and Property Development PLC is well poised to ride the expected

growth in the hotel sector of the country. We expect to see a healthy growth in the

industry, shouldered by the improvement in both the tourist arrivals to the country as

well as the growth in the overall economy.

With countrys agricultural sector achieving a phenomenal growth during the FY2010,

and with vast opportunities unfolding in North & East, CIC is well positioned to reap

benefits as a pioneering firm catering predominantly to agricultural sector.

Acquisition of dairy farms in north & east region coupled with CICs plans to expand

overseas will strengthens companys earnings in the medium to long term.

Commercial Bank is the largest private sector commercial bank with an asset base of

LKR370.3bn and operates with a 400 ATM points, which is also the largest singlenetwork in the country. Towards the future, bank is well positioned with capital, to

take advantage of the strong credit demand prevailing in the low interest rate

economy.

Distilleries with its insurance segment, power plant operating in full capacity, together

with its plantation segment generating higher earnings driven by the demand for tea

will result a bottom line growth. In addition its beverage segment that has a seasonal

impact which is shouldered by the expected foreign influx has great potential in the

forthcoming periods. In addition, with DISTs current cash rich position, we can expect

the company to expand their diversification strategies.

FOCUS on investment

Charts Sourced from Direct FN


10/21


Hatton National Bank Banking N-210.00 X-112.00

Chevron Lubricans Manufacturing 163.50

LB Finace Banking 202.00

...................................................................................................................................................................................................................................................................................................................................................................................

Royal Ceramics Manufacturing 147.00

Sampath Bank Banking 240.00

HNB, the second largest private commercial bank with a total asset base of LKR323.3

bn and a strong network of over 200 branches, is continuing its focus on expanding its

branch network. HNB which has a relatively larger retail deposit base is projected to

enjoy higher interest spreads and would also benefit from the growth in SME lending.

Banking sector earnings are expected to be robust with interest margins of around 6%

to be maintained in 2011E.

LB Finance Banking 168.50

LB Finance is a leading registered finance company engaged in Leasing and Hire

Purchase business. Company is operating with a total asset base of LKR 3bn and an

island wide branch net work of 34. With satisfactory liquidity levels and capital

adequacies, company is poised to take advantage in the prevailing low interest rate

regime.

Bank will continue its aggressive expansion to ensure its spread of service through

the island. As the pioneer in blending IT with banking, the company will revamp its

existing products and innovate new customer focus products. With the expansions

in construction of tourism related infrastructure and expansion of existing

industries loan book is expected to grow further.

A reconstruction boom in the North and East would drum up the overall economic

growth whilst RCL would strongly benefit from the growing demand in the Western

and Southern provinces. Further, with the local tourism expected to rebound hotel

capacity building would prompt additional demand for highly quality tiles. Further,

cost rationalising process in the factories and value added product manufacturing

would strengthen company earnings.

LLUB with a renowned history in paying high dividends, during FY10 company paid

LKR1,470mn as dividends which is a payout of 98% opposed to 96% dividend payoutin FY09(LLUB paid LKR1440mn dividends in FY09). Going forward we do not expect a

drastic change in companys dividend policy. Hence, LLUB would definitely find its way

to an equity portfolio based on recurring income in terms of mammoth dividends, but

not in terms of value.

FOCUS on investment


11/21


Tokyo Cement Manufacturing N-52.20 X-40.00

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Colonial Motors Motors 477.00

Expolanka Holdings Diversified 12.70

John Keells Holdigs Diversified 215.00

TKYO, being the joint market leader in the cement industry, has its grinding facility

located in Trincomalee, ideally located for the rebuilding boom. TKYO, a direct

beneficiary of construction sector upturn, is in a strong position to take advantage

of increasing demand in current excess capacity. TKYO completed a 10 MW bio

mass power plant which provides them significant cost advantage together with

additional boost to top line.

COLO has penetrated into the domestic market by introducing KIA vehicles at

significantly reduced prices. That has been highly successful though it led to reducethe gross profit margin of the company. Gross profit margin has slightly improved

from 24% to 25% on QoQ basis however it has dipped YoY to record a drop from

37.5% to 24.7% during 1QFY12. Nevertheless going forward, company would be

able to improve margins by simply skimming the prices of vehicles together with

attaining better margins in Sale of spare parts and repairs business.

With the boom in the Sri Lankan economy and government expenditure on road,

sea, air and rail infrastructure which paves way towards tourism and international

trade, the revenue growth in transport and international trading expects to fatten

contributing to the overall earnings of the company. EXPOs asset light businessmodel couple with high future earnings anticipates delivering higher ROEs.

FOCUS on investment

Going forward, with the growth in GDP, per capita income and increase in tourist

arrivals we anticipate the consumer retail and the leisure sector to boom. Hence we

expect the forward PE multiples to be 17.3X and 14.0X in FY12 and FY13

respectively. Hence the heavy weight JKH is considered to be a value stock.


12/21


As at 09th

September 2011

Rights issues......................................................................................

Alufab : 02 for 01 rights issue @LKR38.00 XR:24.08.2011 Trading commences :05.09.2011

Peoples Merchant : 04 for 05 rights issue @LKR15.00

SUGA :01 for 04 rights issue @LKR18.00

Sub-division of shares...........................................................................................

Eastern Merchant : Seventy (70) shares for every one (01) share held

Commercial bank(Voting & Non Voting) : Two (02) shares for every one (01) held :Subdivision based on Shareholding as at:09.09.2011

Trading commences: 15.09.2011

Capitalization of reserves...........................................................................................

Alliance Finance Company :One (01) new share for every Two (02) shares held Consideration: LKR10.00

Onally holdings :One (01) new share for every four (04) shares held

Share Swap...........................................................................................

Ceylon and Foreign Trades : One (01) share for every Ninety One point Three One Five (91.315) shares held

Stock Exchange Announcements


13/21


Dividend Announcements.......................................................................................

Distilleries Corporation of Sri Lanka : Final Dividend of LKR2.50 XD : 13.09.2011 Payment : 21.09.2011

Sigiriya Village Hotels : First & Final LKR1.00 XD : 19.09.2011 Payment : 27.09.2011 Colonial Motors :First & Final Dividend of LKR1.50 XD : 26.09.2011 Payment : 04.10.2011

Harischandra Mills : Final Dividend of LKR15.00 XD : 26.09.2011 Payment : 04.10.2011

Swadeshi Industrial Works :Final Dividend of LKR1.00 XD : 26.09.2011 Payment : 04.10.2011

Elpitiya Plantations : :First & Final Dividend of LKR0.36 XD : 27.09.2011 Payment : 05.10.2011

Sathosa Motors : Final Dividend ofLKR5.00 XD : 29.08.2011 Payment : 07.09.2011

Lanka Ventures :Final Dividend LKR1.50 XD : 16.09.2011 Payment : 26.09.2011

Lanka Ashok Leyland : First and Final Dividend LKR30.00XD : 22.09.2011 Payment : 30.09.2011

Eastern Merchants : Final Dividend of LKR3.00 XD : 19.09.2011 Payment : 27.09.2011

Ceylon Tea Services : First &Final Dividend of LKR22.50XD : 12.09.2011 Payment : 16.09.2011

Serendib Land : First & Final dividend LKR15 XD : 12.09.2011 Payment : 16.09.2011

Sierra Cables : First & Final dividend LKR0.10 XD : 16.09.2011 Payment : 26.09.2011

Raigam Wayamba Salterns : Final Dividend LKR0.12 XD : 16.09.2011 Payment : 23.09.2011

York Arcade holdings : First & Final Dividend LKR0.30 XD : 20.09.2011 Payment : 28.09.2011 J.L. Morison Son & Jones : Second & Final Dividend LKR20 XD : 26.09.2011 Payment : 30.09.2011

Gestetner of Ceylon : First & Final Dividend LKR 1.50 XD : 26.09.2011 Payment : 30.09.2011

Cargills (Ceylon) : Final Dividend LKR1.00 XD : 30.09.2011 Payment : 10.10.2011

Metropolitan Resources Holdings : Interim Dividend of LKR1.25 XD : 02.09.2011 Payment : 13.10.2011

Finlays Colombo : Interim Dividend of LKR1.00 XD : 05.09.2011 Payment : 09.10.2011

Renuka City Hotels : Interim Dividend of LKR5.50 XD : 26.09.2011 Payment : 29.10.2011

Cargo Boat Development Co. : Interim Dividend of LKR4.00 XD : 26.09.2011 Payment : 29.09.2011

Lanka Aluminum Industries : Interim Dividend of LKR0.50 XD : 27.09.2011 Payment : 05.10.2011

E B Creasy : Interim Dividend of LKR0.50 XD : 30.09.2011 Payment : 10.10.2011

Lankem Ceylon : Interim Dividend of LKR1.50 XD : 03.10.2011 Payment : 12.10.2011

Tokyo Cement Company : First & Final (Voting & Non Voting) LKR1.00 XD : 05.09.2011Payment : 13.09.2011

The Colombo Fort Land & Building Co. : First & Final Dividend of LKR0.20 XD : 03.10.2011 Payment : 12.10.2011

Asiri Surgical Hospital : Interim Dividend of LKR0.125 XD : 06.09.2011 Payment : 12.09.2011

Asiri Hospital Holdings : Interim Dividend of LKR0.125 XD : 06.09.2011 Payment : 14.09.2011 Brown & Company : Interim Dividend of LKR1.32 XD : 08.09.2011 Payment : 19.09.2011

Softlogic Finance : Interim Dividend of LKR1.50 XD : 09.09.2011 Payment : 15.09.2011

Peoples Finance : Interim Dividend of LKR1.25 XD : 12.09.2011 Payment : 21.09.2011

Coco Lanka : Final Dividend(voting & Non Voting) LKR1.00 XD : 19.09.2011Payment : 21.09.2011

Renuka City Hotels : First & Final Dividend of LKR5.50 XD : 26.09.2011 Payment : 29.09.2011

Industrial Asphalts : Final Dividend of LKR1.50 XD : 26.09.2011 Payment : 04.10.2011

Ceylon Printers : Final Dividend of LKR10.00 XD : 03.10.2011 Payment : 07.10.2011

Kalamazoo Systems : Final Dividend of LKR5.00 XD : 03.10.2011 Payment : 07.10.2011

Office Equipment : Final Dividend of LKR3.00 XD : 03.10.2011 Payment : 07.10.2011

Sinhaputhra Finance : Final Dividend of LKR0.75

Lanka Ceramic : Final Dividend of LKR1.50 XD : 30.09.2011 Payment : 10.10.2011

Browns Investments PLC : Interim Dividend of LKR 0.10 XD : 16.09.2011 Payment : 27.09.2011

CT Holdings PLC :Final Dividend of LKR 1.00 XD :19.09.2011 Payment:28.09.2011

Senkadagala Finamce Limited : Final Dividend of LKR 0.38 XD:22.09.2011 Payment:30.09.2011

Scrip Dividend Announcements

Renuka Holdings PLC : Scrip Dividend 1.75438 for every 100 shares XD:28.09.2011

Renuka Holdings (Non-Voting) : Scrip Dividend 2.85714 for every 100 shares XD:28.09.2011

Stock Exchange Announcements


14/21

ri Lanka Focus 09th September 2011 ASIA RESEARCH TEAM 14

FY08 FY09 FY10 FY11E FY12E FY08 FY09 FY10 FY11E FY12E FY08 FY09 FY10 FY11E FY12E

NCIAL SERVICES

mercial Bank Dec 383 89.1 233.00 4,120 4,193 5,510 6,414 7,078 10.1 10.3 13.5 15.7 17.3 23.1 22.7 17.3 14.8 - 7.00 3% 16% 8

mercial Bank Dec 26 4.2 159.00 4,120 4,193 5,510 6,414 7,078 10.9 11.1 14.4 16.8 18.6 14.6 14.3 11.1 9.5 - 7.00 4% 16% 8

ath Bank Dec 156 37.5 240.00 1,495 2,073 3,485 4,915 5,316 9.6 13.3 22.3 31.4 34.0 25.1 18.1 10.8 7.6 7.1 4.00 1.7% 20% 11

Bank Dec 164 22.8 138.80 2,150 2,085 4,267 4,593 5,281 13.1 12.7 26.0 28.0 32.2 10.6 10.9 5.3 5.0 4.3 8.00 5.8% 15% 9

nance Dec 69 11.7 168.50 206 360 500 1,020 1,613 3.0 5.2 7.2 14.7 23.3 56.7 32.5 23.3 11.4 7.2 3.50 2.1% 47% 3

al Finance Mar 105 28.3 270.10 1,211 1,127 1,046 1,500 1,781 17.5 16.3 15.1 21.7 25.7 9.6 10.4 11.2 7.8 6.6 6.0 2.2% 11% 44

GLOMERATES

ys Mar 75 29.2 389.90 453 311 1,731 725 957 6.0 4.1 23.1 9.7 12.8 64.6 94.0 16.9 40.3 30.5 2.0 0.5% 14% 16

Keells Hold. Mar 840 180.8 215.10 5,119 4,732 5,202 8,246 10,690 6.1 5.6 6.2 9.8 12.7 35.3 38.2 34.8 21.9 16.9 2.3 1.0% 9% 7

anka 1955 24.8 12.70 (50) 310 518 1,578 1,803 0.0 0.2 0.3 0.8 0.9 na 80.2 47.9 15.7 13.8 na na 12%

D & BEVERAGE

ha Farms Mar 16 4.1 258.50 86 3 134 529 772 5.4 0.2 8.4 33.1 48.2 48.1 1595.3 30.8 7.8 5.4 3.0 1.2% 11% 7

eries Mar 300 52.5 175.00 4,101 3,387 2,136 8,146 4,824 13.7 11.3 7.1 27.2 16.1 12.8 15.5 24.6 6.4 10.9 2.5 1.4% 7% 10

RISM

Hotels Mar 442.78 40.3 91.0 847.39 531 630 1,774 2,091 1.9 1.2 1.4 4.0 4.7 47.5 75.9 64.0 22.7 19.3 2.0 2.2% 5% 3

NUFACTURING

Ceramics Mar 110.79 16.3 147.00 611 518 964 1,459 2,378 5.5 4.7 8.7 13.2 21.5 26.7 31.4 16.9 11.2 6.8 4.0 2.7% 18% 4

on Lubricants Dec 120.00 19.6 163.50 948 1,495 1,501 1,603 1,717 8.6 13.5 13.6 14.5 15.5 19.1 12.1 12.1 11.3 10.6 12.0 7.3% 54% 2

o (Voting) Mar 202.50 10.6 52.20 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 27.7 45.7 54.4 14.5 12.5 1.65 3.2% 5% 1

(NV) Mar 101.25 4.1 40.00 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 21.2 35.1 41.7 11.1 9.6 1.65 4.1% 5% 1

a Walltile Mar 54.60 6.3 115.00 361 279 478 408 701 6.6 5.1 8.8 7.5 12.8 17.4 22.5 13.1 15.4 9.0 2.3 2.0% 15% 5al Glass Mar 950.09 8.3 8.70 35 (261) (61) 579 528 0.0 -0.3 -0.1 0.6 0.6 na na na 14.3 15.6 0.3 3.4% -3%

and Property

eas Realty Dec 843.48 12.8 15.20 1,783 1,342 724 1,004 1,056 2.1 1.6 0.9 1.2 1.3 7.2 9.6 17.7 12.8 12.1 4% 2

tor

Mar 8.88 12.6 1420.00 205 103 278 2,006 2,128 23.1 11.6 31.4 225.9 239.8 61.5 122.4 45.3 6.3 5.9 7.0 0.5% 8% 37

NIAL MOTORS PLC Mar 9.12 4.4 477.00 (2) 40 229 842 1,232 -0.2 4.4 25.1 92.2 135.1 na 108 19 15.4 4 25.8 5.4% 15% 16

NTATIONS

le Plantations Mar 25.00 3.7 149.50 421 205 376 783 887 16.8 8.2 15.0 31.3 35.5 8.9 18.2 9.9 4.8 4.2 3.0 2.0% 22% 6

nukula Plantations Mar 23.75 2.3 97.80 230 41 147 461 539 9.7 1.7 6.2 19.4 22.7 10.1 57.1 15.8 5.0 4.3 na na 16% 3

er And Energy

s GasV) Mar 335.00 14.4 42.90 (85) 243 527 1,003 1,183 na 0.6 1.4 2.6 3.1 na 68.3 31.5 16.6 14.0 8% 1

s Gas(NV) Mar 52.00 1.5 28.70 (85) 243 527 1,003 1,183 na 0.6 1.4 3.0 3.9 na 45.7 21.1 9.5 7.4 8% 12

M & PHARMACEUTICALS

ical industries Mar 72.90 9.6 132.00 510 408 601 935 1143 5.4 4.3 6.3 9.9 12.1 24.5 30.7 20.8 13.4 10.9 1.9 1.4% 12% 5

ical industries(NV) Mar 21.87 2.0 89.90 510 408 601 935 1143 5.4 4.3 6.3 9.9 12.1 16.7 20.9 14.2 9.1 7.5 1.9 2.1% 12% 5

rb Mar 29.71 4.5 150.00 180 225 633 716 781 6.0 7.6 21.3 24.1 26.3 24.8 19.8 7.0 6.2 5.7 5.0 3.3% 10% 7

Earnings PEREPS (LKR)

Company PriceSH(mn)YE

M.CAP.

Bn DPS DY ROE BV

Price as at 09th September 2011

Valuation Guide


15/21


mpany Year Price Shares Trailing BVPS Net Profit Trailing Trailing PBV M

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 EPS PE

RKET 0.57 3.56 (3.97) 17.59% 155,807.73 40,364.31 37,455.44 40,930.25 37,689.77 16.09 2.83 2,5

ECOMMUNICATIONS (1.09) 0.84 (10.27) 12.76% 10,517.17 2,526.19 2,453.78 2,817.30 2,719.90 15.41 1.97

OG TELEKOM DIAL D 8.40 - (1.16) (12.37) 8143.78 17.66% 3.83 5,511.17 1,384.19 1,158.78 1,275.30 1,692.90 0.68 12.4 2.2

LANKA TELECOM SLTL D 51.90 (1.90) 2.38 (8.66) 1804.86 9.77% 28.39 5,006.00 1,142.00 1,295.00 1,542.00 1,027.00 2.77 18.7 1.8

ANCIAL SERVICES - - - 17.57% 37,875.13 8,386.42 7,512.01 12,154.52 9,224.20 15.94 2.80

king 24,583.72 4,861.60 6,373.94 6,934.46 5,405.23

MERCIAL BANK [V] COMB D 233.00 0.35 (3.18) (12.70) 382.54 19.80% 89.41 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 17.70 13.2 2.6

MERCIAL BANK [NV] COMB X D 159.00 1.52 6.18 (14.18) 26.18 19.80% 89.41 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 17.70 9.0 1.8

C BANK DFCC M 139.00 1.68 3.19 (14.14) 265.10 88.28% 10.47 2,449.49 683.04 611.12 630.40 524.93 9.24 15.0 13.3

[V] HNB D 210.00 (0.80) (0.94) (4.55) 311.22 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 13.98 15.0 2.6

[NV] HNB X D 112.00 - (0.27) (10.40) 77.15 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 13.98 8.0 1.4

ONS TRUST BANK NTB D 64.10 0.16 3.05 (7.49) 230.61 16.98% 33.88 1,326.33 360.40 375.85 235.82 354.26 5.75 11.1 1.9 NDB D 138.80 (0.93) 2.97 (16.39) 164.20 15.12% 97.37 2,417.52 396.68 605.34 607.28 808.22 14.72 9.4 1.4

ASIA BANK PABC D 27.00 7.57 10.66 1.50 295.04 19.34% 10.81 617.07 210.03 196.02 81.84 129.17 2.09 12.9 2.5

PATH BANK SAMP D 240.00 (1.11) 1.74 (10.06) 156.33 22.72% 119.80 4,254.78 1,134.80 980.05 1,350.60 789.33 27.22 8.8 2.0

LAN BANK [V] SEYB D 64.00 4.40 3.06 (10.61) 173.33 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 1.91 33.5 1.3

LAN BANK [NV] SEYBX D 35.00 5.74 12.18 (7.65) 164.75 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 1.91 18.3 0.7

C HDFC D 1850.00 12.52 28.59 9.24 6.47 10.59% 303.13 207.78 120.52 70.31 (0.01) 16.96 32.11 57.6 6.1

ON BANK UBC D 23.80 0.00 0.00 0.00 349.25 1.42% 71.23 71.23

nce Co.s & / Merchant Banks 27.20% 7,068.15 3,112.99 402.02 1,684.55 2,279.10

CAPITAL ACAP M 98.20 1.78 6.23 15.58 110.00 63.42% 11.43 797.50 0.64 248.30 275.72 272.85 7.25 13.5 8.6

ANCE FINANCE ALLI M 1190.00 1.40 21.50 7.86 1.62 23.74% 631.91 243.02 81.93 103.56 38.70 18.82 150.01 7.9 1.9

CO FINANCE ARPI M 130.10 0.08 0.70 13.13 4.46 8.17% 73.52 26.82 3.76 5.61 6.64 10.80 6.01 21.6 1.8

TRAL FINANCE CFIN M 270.10 (1.67) (80.12) (82.67) 104.88 18.27% 109.22 2,092.34 618.20 532.13 472.10 469.91 19.95 13.5 2.5

ON LANKA CSF M 20.40 (3.77) 1.49 (20.93) 199.93 28.95% 1.69 97.65 (34.77) (3.16) 165.57 (29.99) 0.49 41.8 na

C LOLC M 99.00 0.81 (1.49) (9.67) 475.20 32.74% 31.10 4,839.06 1,725.04 600.02 718.10 1,795.89 10.18 9.7 3.2

NANCE LFIN M 168.50 (1.75) 2.00 (7.47) 69.26 40.11% 42.84 1,190.09 351.02 391.18 227.71 220.18 17.18 9.8 3.9

CHANT BANK MBSL D 39.00 (1.27) 3.45 (16.67) 135.00 17.17% 21.59 500.52 48.23 126.55 164.28 161.46 3.71 10.5 1.8

PLE'S MERCHANT PMB M 21.10 (3.70) (5.88) (9.57) 37.50 23.39% 16.10 141.23 135.06 (16.38) 25.30 (2.76) 3.77 5.6 1.3

LAN MERCHANT [V] SEMB D 2.60 8.33 18.18 13.04 826.49 3.26% na 17.53 (22.15) 18.76 3.22 17.70 0.01 205.6 na

LAN MERCHANT [NV] SEMB X D 0.80 - 14.29 (11.11) 560.00 3.26% na 17.53 (22.15) 18.76 3.22 17.70 0.01 63.3 0.8

FINANCE TFC M 37.00 -2.56 35.11 22.90 57.97 93.17% na (3,225.63) 26.39 (2,074.13) (440.50) (737.39) na na

TAL REACH CRL M 52.00 0.00 1.60 -26.27 37.45 12.90% 14.18 68.54 45.98 22.56 1.83 28.4 3.7

PLES LEASING FINANCE SMLL D 47.10 1.29 14.88 3.29 68.14 12.31% 12.74 106.89 70.39 35.63 1.57 30.0 3.7

LIBEL FINANCE VFIN 46.00 2.20 14.29 -3.73 41.55 26.33% 12.43 135.95 48.15 36.65 27.70 23.45 3.27 14.1 3.7

APUTRA SFL 120.00 -2.76 2.48 25.92 6.30 7.65% 76.05 36.64 36.64 5.82 20.6 1.6

ER FINANCE SFIN M 36.60 -3.17 35.56 12.62 106.67 12.54% 8.82 117.92 51.27 60.88 5.77 1.11 33.1 4.2

ZENS DEVELOPMENT FINANCE CDB M 75.00 0.00 1.21 -17.76 46.30 46.23% 23.82 509.94 80.20 219.04 210.7 11.01 6.8 3.1

KADAGALA FINANCE SFCL M 0.00 -3.89 -13.85 132.69 53.37 22.72% 20.89 253.30 - 4.75 0.0 0.0

RNAMAHAL FINANCE SFS M 83.80 -6.12 8.75 24.88 25.00 na 0.00 - - na na na

AW FINANCE LIMITED CFL M 26.10 2.90 18.15 2.57 28.08 8.76% 10.56 25.97 - 0.92 28.2 2.5

MERCIAL CREDIT LIMITED COCR M 32.30 0.00 0.00 0.00 218.07 96.40% 1.04 218.76 - 1.00 32.2 31.0

CANTILE INVESTMENTS MERC M 1562.00 -9.35 76.76 100.33 3.01 14.02% 1558.51 656.97 - 218.55 7.1 1.0

TI FINANCE MFL M 60.00 -4.24 9.71 0.00 17.98 2.71% 38.35 18.69 - 1.04 57.7 1.6

KA ORIX FINANCE LOFC M 11.40 2.78 -6.33 0.00 2800.00 35.46% 1.26 1,246.09 - 0.45 25.6 9.1

NS FINANCIAL SERVICES AFSL M 76.00 1.40 3.20 0.00 37.00 12.12% 9.48 42.49 - 1.15 66.2 8.0

LIBEL ONE LIMITED VONE M 29.10 2.13 5.26 -13.36 1086.56 2.77% 19.90 598.17 - 0.55 52.9 1.5

ance 4,531.19 306.42 517.48 3,076.71 630.58

NA TAKAFUL INS. ATL D 2.80 16.67 27.27 16.67 1000.00 -1.06% 0.91 (9.70) 11.20 (20.90) na na 3.1

N ALLIANCE AAIC D 120.00 0.17 -9.43 -12.66 37.50 9.11% 34.02 116.21 (172.50) 288.71 3.10 38.7 3.5

LINCO INSURANCE [V] CINS D 750.00 15.56 17.79 7.02 20.00 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 55.35 13.6 2.3

LINCO INSURANCE [NV] CINS X D 360.00 12.19 10.84 8.79 6.41 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 55.35 6.5 2.1

A NDB CTCE D 280.00 -4.11 -9.68 -4.11 30.00 32.23% 94.05 909.37 34.20 147.62 613.44 114.11 30.31 9.2 3.0

ASSURANCE HASU D 60.30 -0.66 3.08 -8.22 50.00 17.83% 27.69 246.83 24.62 24.74 180.80 16.67 4.94 12.2 2.2

ON ASSURANCE UAL D 115.00 7.26 12.46 -50.57 75.00 41.08% 33.63 1,036.20 64.55 58.81 511.97 400.87 13.82 8.3 3.4

ASHAKTHI JINS D 16.20 -4.14 4.52 -13.83 363.00 28.51% 7.44 770.35 770.35 - 2.12 7.6 2.2

ure Capital Co.s 1,692.07 105.40 218.57 458.81 909.28

CDIC D 450. 00 20.61 4.72 -12.98 43.86 12.40% 115.66 628.92 30.97 106.44 221.14 270.38 14.34 31.4 3.9

T CAPITAL CFVF M 19. 20 0.00 -1.04 -15.56 101.25 60.25% 5.94 947.55 56.94 79.92 208.80 601.90 9.36 2.1 1.2

KA VENTURES LVEN M 45.60 5.80 1.33 1.33 50.00 14.14% 16.36 115.59 17.50 32.22 28.87 37.01 2.31 19.7 2.8

Price Performance Net Profits

Broad Market Valuation Guide


16/21



End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 EPS PE

ERAGE FOOD AND TOBACCO - - - 31.64% 23,048.01 5,099.25 8,335.00 5,506.66 4,107.10 13.76 4.35

AHA FARMS BFL M 258.50 0.58 (12.82) (34.91) 16.00 34.93% 78.19 436.99 55.18 103.45 163.91 114.45 27.31 9.5 3.3

GILLS CARG M 225.50 10.03 10.30 3.67 224.00 15.61% 32.53 1,137.13 325.97 268.12 290.74 252.30 5.08 44.4 6.9

LON BREWERY BREW M 399.50 - 2.20 (20.34) 20.99 22.57% 127.72 605.06 176.25 165.66 163.91 99.23 28.83 13.9 3.1

LON COLD STORES CCS M 111.00 5.71 (71.52) (84.79) 95.04 5.47% 47.21 245.26 124.29 38.07 45.43 37.47 2.58 43.0 2.4

LON TEA SERVICES CTEA M 854.00 4.95 6.75 5.29 20.00 23.54% 320.08 1,506.87 250.58 658.60 300.80 296.88 75.34 11.3 2.7

LON TOBACCO CTC D 394.00 (0.25) 3.68 5.97 187.32 191.82% 16.63 5,977.00 1,819.00 814.00 2,396.00 948.00 31.91 12.3 23.7

O LANKA [V] COCO M 73.80 0.56 10.74 (8.61) 21.60 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 11.99 6.2 1.5

O LANKA [NV] COCOX M 55.50 (2.63) 9.90 (7.50) 1.80 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 11.99 4.6 1.1

VENIENCE FOOD SOY M 315.10 (3.05) (4.80) (18.16) 2.75 29.63% 82.46 67.20 11.73 17.51 21.02 16.94 24.44 12.9 3.8

ILLERIES DIST M 175.00 (1.02) 3.02 (5.89) 300.00 26.17% 109.58 8,602.28 1,238.92 5,027.62 1,218.80 1,116.94 28.67 6.1 1.6 NTEA FERN M 3.50 - - - 6.00 na 0.00 - na na na na na na na

SCHANDRA MILLS HARI M 1600.00 - (44.83) (23.81) 0.96 12.82% 533.90 65.71 13.13 12.60 13.35 26.64 68.46 23.4 3.0

LLS FOOD PRODUCTS KFP M 122.00 0.74 0.83 122.00 122.00 15.29% 2.78 51.91 15.82 0.67 19.55 15.88 0.43 286.7 43.8

MALE HOLDINGS LAMB M 49.50 (0.61) 2.29 (5.39) 31.40 13.51% 18.11 76.86 22.09 25.20 16.80 12.77 2.45 20.2 2.7

BREWERY LION M 205.00 1.79 2.50 (8.89) 80.00 20.79% 66.72 1,109.64 332.40 313.79 286.89 176.56 13.87 14.8 3.1

KA MILK FOODS LMF M 110.00 9.19 7.16 (7.37) 40.00 4.64% 48.52 90.02 57.41 55.54 (74.50) 51.57 2.25 48.9 2.3

TLE LANKA NEST D 920.00 (0.54) (3.27) 30.24 53.73 114.96% 36.48 2,252.96 644.35 615.49 421.80 571.32 41.93 21.9 25.2

EE ACRE FARMS TAFL D 110.00 (4.62) (17.36) (6.17) 23.55 53.92% 19.55 248.28 3.03 41.26 124.67 79.32 10.54 10.4 5.6

UKA AGRI RAL 7.10 15.00 7.10 7.10 401.25 14.72% 2.38 140.62 49.32 na 91.30 0.35 20.3 3.0

SMALLHOLDERS TSML M 84.50 (0.59) 4.71 (54.35) 30.00 14.24% 20.84 89.02 (9.18) 30.65 41.80 25.75 2.97 28.5 4.1

AM WAYAMBA SALTERNS LTD RWSL M 4.90 (4.00) 20.00 6.67 282.21 9.68% 2.37 64.65 47.62 na 17.03 0.23 21.4 2.1

FOODS HVA M 71.50 3.46 365.58 326.79 66.43 10.33% 6.75 46.33 45.89 na na 0.70 102.5 10.6

MICALS & PHARMACEUTICALS 0.18 (3.33) (11.34) 20.42% 3,629.28 541.55 904.96 1,332.56 850.21 8.30 1.70

MANEX CHMX M 130.00 3.52 3.52 3.52 15.75 3.10% 80.36 39.19 1.14 0.61 13.50 23.94 2.49 52.2 1.6

MICAL INDUSTRIES [V] CIC M 132.00 (0.15) (6.91) (15.38) 72.90 14.04% 95.23 974.70 203.80 169.60 382.67 218.63 10.28 12.8 1.8

MICAL INDUSTRIES [NV] CIC X M 89.90 (2.42) (2.09) (17.16) 21.87 14.04% 44.57 974.70 203.80 169.60 382.67 218.63 10.28 8.7 3.4

CARB HAYC M 150.00 (5.19) 10.33 1.00 29.71 17.34% 91.69 472.51 124.77 111.22 89.08 147.44 15.90 9.4 1.6

STRIAL ASPHALTS ASPH M 510.00 0.85 (8.36) 6.11 0.67 4.03% 102.53 2.76 0.61 1.34 0.26 0.54 4.13 123.3 5.0

MORISON [V] MORI M 3899.50 17.81 3.30 18.17 0.58 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 598.85 6.5 1.8

MORISON [NV] MORI X M 2682.00 16.56 19.20 19.15 0.17 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 1,996.17 1.3 1.2

KEM CEYLON LCEY M 360.00 2.54 (1.64) (21.97) 24.00 31.65% 124.35 944.44 111.22 202.20 567.12 63.90 39.35 9.1 2.9

ALANKA SING M 320.00 (12.32) (79.87) (73.42) 1.39 565.74% 53.63 420.25 (0.11) 215.55 205.31 (0.50) 303.39 1.1 6.0 LERS MULL M 2.80 - 7.69 - 283.00 19.99% 0.41 22.96 8.53 5.45 2.83 6.15 0.08 34.5 6.9

ON CHEMICALS UCAR D 710.00 (5.33) (11.80) (11.25) 1.50 23.37% 162.10 56.81 16.70 12.58 15.58 11.96 37.88 18.7 4.4

NSTRUCTIONS 0.89 7.25 (0.94) 18.97% 2,223.14 150.71 437.18 859.61 775.64 11.47 2.17

OMBO DOCKYARD DOCK D 274.00 1.41 10.93 7.87 68.44 28.18% 114.67 2,211.53 210.49 466.80 739.25 795.00 32.31 8.5 2.4

KEM DEVELOPMENTS LDEV M 19.90 (0.99) (11.11) (13.04) 60.00 -161.00% 0.20 (19.57) (1.61) (6.89) (5.74) (5.33) na na 98.2

WALKERS KAPI M 48.50 (0.41) 0.42 (20.63) 114.36 0.81% 33.77 31.18 (58.16) (22.73) 126.10 (14.03) 0.27 177.9 1.4

ERSIFIED 0.58 5.23 (5.50) 15.80% 25,494.77 6,436.00 6,864.95 5,569.52 6,624.30 19.345 3.06

EN SPENCE SPEN M 140.00 (0.21) 2.26 (5.79) 406.00 12.23% 53.30 2,647.17 550.74 910.90 579.04 606.49 6.52 21.5 2.6

SON CUMBERBATCH CARS M 604.00 (0.13) 2.60 (3.48) 196.39 28.34% 128.20 7,136.10 3,506.32 1,747.41 906.83 975.54 36.34 16.6 4.7

LON THEATRES CTHR M 198.00 9.48 6.07 (2.33) 183.10 10.36% 64.73 1,228.11 244.05 234.56 335.53 413.96 6.71 29.5 3.1

OMBO FORT LAND CFLB M 65.90 3.02 1.25 (18.77) 180.00 23.45% 24.09 1,016.81 90.32 367.41 425.89 133.20 5.65 11.7 2.7

AYS COLOMBO JFIN D 300.00 (2.91) 27.66 11.11 35.00 4.80% 147.63 248.23 60.38 12.89 84.51 90.45 7.09 42.3 2.0

LEYS HAYL M 389.90 0.03 8.61 4.53 75.00 5.32% 211.25 842.63 268.58 144.31 89.90 339.83 11.24 34.7 1.8

AS HOLDINGS HHL M 41.50 - (3.29) (12.55) 512.04 12.95% 17.81 1,180.61 261.97 311.08 311.40 296.17 2.31 18.0 2.3

N KEELLS HOLDINGS JKH M 215.10 (0.46) 10.82 (28.63) 840.41 14.44% 70.90 8,602.71 1,367.61 2,550.67 1,757.11 2,927.32 10.24 21.0 3.0

AMIS CAPITAL CSEC M 18.20 (1.60) (3.16) 60.00 123.00 52.47% 11.22 724.22 11.92 16.33 345.40 350.57 5.89 3.1 1.6

ARD PIERIS RICH M 10.60 (0.94) (7.08) (17.97) 1937.87 29.48% 2.49 1,421.02 10.84 335.34 640.60 434.25 0.73 14.5 4.3

SHINE HOLDINGS SUN M 38.00 0.26 (0.26) (11.83) 133.33 18.73% 17.91 447.17 63.28 234.05 93.32 56.53 3.35 11.3 2.1

TLOGIC HOLDINGS SHL M 23.90 -1.67 1.72 0.00 779.00 -

OLANKA HOLDINGS EXPO M 12.70 0.00 -2.31 0.00 1954.92 3.59 1,583.31 273.54 1,309.77 0.81 15.7 3.5

E LANKA CAPITAL HOLDINGS FLCH M 4.00 2.63 5.41 -20.41 1368.00 4.61 493.29 493.29 0.9




17/21



End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Mar'11 Dec'10 Sept'10 EPS PE

OTWEAR AND TEXTILES 0.66 9.81 (1.60) -23.61% (1,547.62) (148.46) (809.51) (621.19) 119.82 na 1.54

LON LEATHER CLPL M 90.50 1.69 (4.64) 0.22 25.00 6.38% 76.10 121.44 20.41 16.58 36.79 47.66 4.86 18.6 1.2

LEYS - MGT MGT M 34.70 (3.61) 8.10 2.06 49.18 -97.64% 32.01 (1,537.15) (168.87) (799.53) (625.70) 56.95 na na 1.1

UWITA TEXTILES KURU M 28.50 (5.00) 9.62 1.79 25.00 -23.46% 58.16 (341.10) (59.12) (108.30) (48.40) na na 0.5

L ODEL M 37.20 2.45 17.81 (3.83) 144.95 12.89% 11.20 209.19 32.56 76.02 63.61 1.44 25.8 3.3

NT GARMENTS OGL M 34.20 (4.27) 0.60 - 54.92 na 105.14

TELS AND TRAVELS 1.08 2.97 (6.87) 6.27% 4,743.12 505.82 3,189.87 1,183.20 1,035.71 39.17 3.15

Hotels 1,999.19 475.72 1,386.33 678.11 617.40

T PROPERTIES AHPL M 91.00 (1.41) (1.62) (52.97) 442.78 13.72% 30.98 1,882.72 296.67 803.63 456.59 325.84 4.25 21.4 2.9

ADARI GHLL D 34.00 4.59 1.79 (11.40) 182.43 7.44% 8.51 115.53 (18.43) 43.71 35.47 54.78 0.63 53.7 4.0 EL DEVELOPERS HDEV M 128.50 0.39 (5.68) (0.77) 45.23 25.46% -105.53 (1,215.22) na na na

EL SERVICES SERV M 22.60 0.90 1.82 (3.03) 176.00 2.11% 9.06 33.68 (2.32) 52.70 (13.10) (3.60) 0.19 118.1 2.5

UKA CITY HOTEL RENU M 355.00 (0.56) 6.54 (8.97) 7.00 22.05% 222.94 344.14 177.65 28.76 15.98 121.76 49.16 7.2 1.6

LANKA TAJ M 51.50 4.78 13.77 (11.89) 139.64 7.43% 14.37 149.18 22.15 52.65 46.65 27.73 1.07 48.2 3.6

NS ASIA TRAN M 81.80 (1.96) (2.32) (59.34) 200.00 14.01% 24.60 689.15 404.90 136.53 90.89 3.45 23.7 3.3

ort Hotels 2,743.94 30.10 1,803.53 505.09 418.31

SPENCE HOTEL HOLD. AHUN M 76.60 2.67 2.53 (9.31) 336.29 12.24% 26.74 1,100.48 85.18 590.15 272.70 152.45 3.27 23.4 2.9

YA LEISURE CONN M 110.00 0.92 2.80 (5.98) 48.03 61.90% 15.11 449.36 50.93 67.60 66.60 264.23 9.36 11.8 7.3

WNS BEACH HOTELS BBH M 18.50 3.93 11.45 (11.48) 129.60 0.85% 20.98 23.01 29.00 (51.97) 25.00 20.98 0.18 104.2 0.9

LON HOTELS CORP. CHOT M 31.30 (0.95) 22.75 3.64 171.83 1.36% 35.74 83.55 (21.29) 117.56 (8.27) (4.45) 0.49 64.4 0.9

FIFI HOTEL HLDG. PALM M 228.00 (2.23) (27.50) (27.50) 7.20 -3.50% 198.47 (49.99) (63.37) 50.48 (4.49) (32.62) na na 1.1

RINA HOTELS BHR M 113.00 0.27 11.88 (16.91) 14.18 -3.06% 124.94 (54.21) (47.66) 34.27 (15.50) (25.33) na na 0.9

UWALA WALK INN BINN D 165.20 (5.81) (5.87) (19.37) 0.90 14.72% -170.32 (22.57) (4.45) (6.94) (3.05) (8.13) na na na

N HOTELS EDEN M 45.50 3.64 12.87 (2.98) 52.80 7.23% 25.89 98.81 (21.13) 81.23 20.30 18.41 1.87 24.3 1.8

EL SIGIRIYA HSIG M 76.00 2.58 2.86 (1.82) 5.86 9.82% 32.52 18.71 4.08 3.85 5.39 5.39 3.19 23.8 2.3

AS FALLS HUNA M 80.00 0.75 0.88 (7.35) 5.63 22.34% 13.87 17.43 5.08 2.17 2.82 7.36 3.10 25.8 5.8

DY HOTELS KHC M 232.00 7.76 (1.28) (10.77) 16.50 0.99% 340.98 55.96 9.42 16.85 9.84 19.85 3.39 68.4 0.7

N KEELLS HOTELS KHL M 16.40 1.88 (1.21) (2.40) 1456.15 5.84% 7.97 677.46 7.27 521.28 206.20 (57.28) 0.47 35.3 2.1

T HOUSE HOTEL LHL M 53.00 (3.75) (1.64) (5.27) 46.00 3.03% 49.57 69.13 (2.62) 48.06 17.10 6.59 1.50 35.3 1.1

AMAR MIRA M 265.20 (14.43) (20.63) (33.41) 2.75 na 0.00 (13.10) na na na na

AWELI REACH MRH M 38.00 20.89 22.04 10.72 47.07 -39.52% 18.68 (347.42) (13.67) (161.00) (186.61) 13.85 na na 2.0

ARA ELIYA NEH M 1549.00 - (3.19) (22.97) 2.00 8.41% 779.19 131.35 0.78 49.18 24.50 56.90 65.55 23.6 2.0

ASUS PEG M 66.10 (5.16) 2.96 (8.95) 27.35 6.21% 37.29 63.31 21.67 16.05 13.24 12.35 2.31 28.6 1.8

FCOMBERS REEF M 81.00 (0.13) 17.35 2.44 47.19 0.42% 30.10 6.00 (17.20) 15.72 5.67 1.81 0.13 636.8 2.7

AL PALMS RPBH M 69.00 0.15 4.70 (2.82) 50.00 7.46% 27.40 102.15 1.17 64.97 26.94 9.08 2.04 33.8 2.5

RIYA VILLAGE SIGV M 103.00 2.90 4.89 (0.48) 9.00 7.15% 54.91 35.34 (3.83) 21.50 6.08 11.59 3.93 26.2 1.9

FFORD/DOLPHIN STAF M 62.00 26.53 39.33 31.91 31.62 5.34% 22.19 37.50 11.54 43.90 (6.71) (11.23) 1.19 52.3 2.8

GERINE TANG M 99.00 7.14 20.15 4.21 20.00 4.42% 93.95 83.00 4.70 69.46 11.55 (2.72) 4.15 23.9 1.1

ENDIB HOTELS [V] SHOT M 32.00 9.52 28.80 27.78 75.51 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 0.74 43.3 2.5

ENDIB HOTELS [NV] SHOT X M 22.90 4.29 26.59 22.90 36.01 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 0.74 31.0 1.8

AWILA RESORTS MARA M 12.90 (1.54) 28.00 4.92 122.50 1.33% 7.31 11.86 25.18 (13.31) 0.10 133.2 1.8

TRESS RESORTS RHTL M 30.80 (0.65) 33.92 11.36 110.89 13.41% 5.67 84.40 108.69 (24.29) 0.76 40.5 5.4

ESTMENT TRUST 0.60 0.89 (0.80) 26.82% 6,360.23 2,550.84 955.83 364.45 2,489.12 8.29 2.22

N COTTON MILLS ASCO M 150.00 8.97 14.56 12.95 7.99 2.17% 73.36 12.70 (2.34) 46.60 (18.30) (13.26) 1.59 94.3 2.0

LON GUARDIAN GUAR M 320.00 - (1.54) 1.27 82.10 33.23% 138.76 3,785.80 1,714.33 492.51 184.62 1,394.34 46.11 6.9 2.3

LON INVESTMENT CINV M 128.00 0.47 (2.29) (10.48) 98.51 24.30% 65.33 1,564.18 699.66 97.30 767.22 15.88 8.1 2.0

OMBO FORT INV. CFI M 330.00 (7.59) 13.79 (5.12) 5.00 7.70% 33.82 13.03 1.54 2.85 4.50 4.14 2.61 126.7 9.8

OMBO INV. TRUST CIT M 350.00 6.09 0.03 (9.09) 5.50 7.15% 22.85 8.99 1.47 1.54 3.60 2.38 1.63 214.1 15.3

W WALLACE SHAW M 338.00 6.98 3.79 (6.39) 5.12 0.70% 437.86 15.76 35.28 1.18 (20.70) 3.08 109.8 0.8

UKA HOLDINGS [V] RHL M 62.00 3.50 (1.74) (6.62) 43.75 40.31% 44.24 780.04 100.97 323.15 1.30 354.62 15.60 4.0 1.4

UKA HOLDINGS [NV] RHL M 38.50 1.32 (3.75) (5.87) 6.25 40.31% 309.66 780.04 100.97 323.15 1.30 354.62 15.60 2.5 0.1

APOTA INVESTMENTS WAPO M 170.00 (3.01) (13.73) (21.04) 25.83 21.76% 31.97 179.73 (0.07) (9.31) 188.73 0.38 6.96 24.4 5.3

PUTH LANKA INVESTMENTS BLI M 64.20 -5.58 -9.56 0.00 20.20 -




18/21



End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs June'12 Mar'11 Dec'10 Sept'10 EPS PE

D AND PROPERTY (1.17) 12.45 18.16 5.80% 2,125.81 341.47 796.72 753.24 239.97 24.39 1.41

LAND CTLD M 31.00 0.64 (6.01) (5.15) 48.75 5.92% 45.35 130.98 32.74 52.27 22.84 23.13 2.69 11.5 0.7

GO BOAT CABO M 128.00 (4.12) (1.62) (14.16) 10.20 23.01% 66.61 156.36 8.58 16.89 115.26 15.33 8.3 1.9

LINCO HOUSING CHOU M 24.20 (5.47) 18.05 21.61 13.38 -188.39% 5.63 (141.88) (17.40) (26.76) (55.50) (42.22) na na 4.3

LINCO SEYLAN CSD M 15.40 2.63 (9.30) 17.29 147.96 0.57% 29.65 24.96 54.95 0.45 13.09 (43.52) 0.17 91.3 0.5

OMBO LAND CLND D 66.00 (3.22) 61.22 38.87 199.88 0.42% 13.98 11.68 5.93 0.96 2.40 0.06 1129.5 4.7

MERCIAL DEVELOP. COMD D 114.50 9.99 14.08 (18.30) 12.00 11.38% 60.38 82.46 21.19 13.64 37.69 9.94 6.87 16.7 1.9

T WEST EAST M 43.60 (2.47) 25.07 287.50 138.24 4.28% 3.19 18.86 17.28 4.37 23.70 0.14 319.6 13.7

TY ONE EQIT M 52.00 6.12 0.97 (8.29) 40.32 3.67% 36.19 53.58 4.17 30.60 27.93 (9.11) 1.33 39.1 1.4

TY TWO ETWO M 30.00 (10.65) (8.76) (8.48) 31.00 6.04% 16.47 30.84 2.45 10.91 15.51 1.96 0.99 30.2 1.8

JAY HUEJ M165.00

8.98 (5.17) (8.33) 1.80 -19.42% 7.51 (2.63) (1.41) (1.21) na nana 22.0

SEY DEVELOPMENTS KDL M 30.50 (4.67) 33.04 62.77 17.43 -10.70% 7.29 (13.59) (3.96) (6.66) (4.70) 1.73 na na 4.2

LLY HOLDINGS ONAL M 78.20 (10.78) (16.47) (6.43) 14.00 8.63% 73.42 88.71 13.77 56.24 9.04 9.67 6.34 12.3 1.1

RSEAS REALTY OSEA D 15.20 (1.30) (6.17) (1.94) 843.48 5.09% 20.37 874.99 162.57 124.72 499.95 87.74 1.04 14.7 0.7

PERTY DEVELOPMENT PDL D 71.00 (2.46) 6.81 (4.13) 66.00 14.76% 28.46 277.28 71.00 74.91 76.18 55.20 4.20 16.9 2.5

ENDIB LAND SLND M 2999.00 - - 99.93 0.36 3.05% 567.86 6.24 1.47 1.68 1.49 17.34 172.9 5.3

K ARCADE YORK M 31.80 (1.88) (6.29) (8.75) 12.00 13.30% 8.70 13.88 7.75 2.28 2.59 1.16 27.5 3.7

CHWOOD TWOD M 24.20 - 9.09 (6.98) 71.27 18.04% 39.92 513.07 426.80 86.26 na 7.20 3.4 0.6

NUFACTURING (0.61) 1.43 (7.32) 17.08% 8,219.40 2,114.13 1,200.48 2,246.68 2,628.88 15.49 2.65 1

NS ABAN M 255.00 5.45 4.12 (17.68) 4.26 28.85% 91.80 112.78 31.11 17.37 28.00 36.30 26.48 9.6 2.8

CABLES ACL M 78.10 (0.38) (2.25) (12.82) 59.89 5.69% 77.01 262.21 85.90 (8.60) 118.16 66.74 4.38 17.8 1.0

PLASTICS APLA M 153.00 (0.58) 8.51 (5.56) 4.21 15.65% 114.51 75.48 9.92 14.27 32.73 17.92 8.5 1.3

E ACME M 26.00 0.38 21.30 19.63 25.61 1.64% 16.64 6.99 (0.99) 5.74 4.63 (2.39) 0.27 95.2 1.6

FAB ALUF M 76.10 (0.64) (43.09) (40.92) 4.02 -3.16% -12.03 1.53 0.47 (0.48) 1.19 0.34 0.38 200.5 na

E DIAMONDS [V] BLUE M 11.90 6.25 46.91 101.69 103.30 1.79% 1.25 5.76 22.33 (11.77) 1.74 (6.54) 0.02 529.8 9.5

E DIAMONDS [NV] BLUE X M 5.50 45.95 145.45 157.14 153.37 1.79% 1.25 5.77 22.33 (11.77) 1.74 (6.54) 0.02 244.9 4.4

ALA GRAPHITE BOGA D 51.10 (1.92) 3.44 (8.75) 47.32 12.51% 3.35 19.85 3.49 2.42 21.45 (7.51) 0.42 121.8 15.2

TRAL INDUSTRIES CIND M 90.00 (4.64) (6.70) (7.65) 9.88 9.72% 1.34 79.05 18.51 24.01 23.26 13.27 8.00 11.3 1.1

N ELEVATORS GRAN D 113.50 (3.31) (14.88) (4.77) 60.00 23.68% 37.27 529.65 84.84 94.33 205.49 144.99 8.83 12.9 3.0

VRON LUBRICANTS LLUB D 163.50 (1.21) 5.36 0.37 120.00 55.84% 23.11 1,548.52 422.63 413.10 317.68 395.11 12.90 12.7 7.1

KOTUWA DPL D 40.70 (0.75) (1.50) (19.88) 72.25 -2.53% 10.46 (19.14) (32.52) (16.29) 18.62 11.06 na na 3.9

ED PRODUCTS DIPD M 117.00 (3.33) 6.16 12.17 59.86 19.75% 65.97 779.82 390.37 122.97 171.20 95.28 13.03 9.0 1.8

LEYS EXPORTS HEXP M 40.00 (2.68) 2.56 (18.53) 8.00 -10.35% 41.84 (34.65) (7.51) (26.63) (2.60) 2.08 na na 1.0

ANI CABLES KCAB M 95.00 (8.46) (8.46) (4.80) 21.80 10.24% 77.02 171.90 48.78 53.33 47.39 22.40 7.89 12.0 1.2

ANI TYRES TYRE M 48.40 (1.62) 16.87 (3.77) 80.40 17.41% 15.45 216.19 18.91 54.16 74.94 68.18 2.69 18.0 3.1

KA ALUMINIUM LALU M 55.00 (3.85) (1.08) (15.77) 13.70 4.56% 30.74 19.19 (5.43) 2.98 9.07 12.57 1.40 39.3 1.8

KA CEMENT LCEM D 23.60 (0.42) (7.84) (2.89) 173.51 -4.52% 0.48 (3.79) (2.35) (1.44) na na na 48.8

KA CERAMIC CERA M 110.10 (3.67) 1.01 (19.04) 30.00 16.18% 75.84 368.08 34.90 103.93 136.05 93.20 12.27 9.0 1.5

KA TILES TILE M 103.00 - (2.83) (14.17) 53.05 20.67% 43.03 471.77 69.33 149.73 148.58 104.13 8.89 11.6 2.4

KA WALLTILES LWL M 115.00 6.78 2.81 (23.22) 54.60 17.02% 63.74 592.48 53.97 161.11 226.80 150.60 10.85 10.6 1.8

APANA LITE M 12.20 (3.15) 9.82 36.67 39.00 1.29% 6.69 3.37 (3.38) 5.46 0.57 0.72 0.09 141.1 1.8

QUET PARQ M 25.50 (2.30) 7.14 (5.90) 27.37 -2.99% 20.22 (16.57) (22.32) 3.64 17.32 (15.20) na na 1.3

WATTE SUGAR SUGA M 36.10 (0.28) 7.88 (0.84) 67.98 -62.15% 9.34 (394.42) 83.66 (723.45) (168.72) 414.09 na na 3.9

MAL GLASS GLAS M 8.70 1.16 1.16 (17.14) 950.09 22.72% 3.09 666.86 141.29 178.47 190.10 157.00 0.70 12.4 2.8

T CARE CARE M 40.00 (1.48) (6.76) (81.92) 85.97 20.30% 11.83 206.43 38.13 47.03 60.58 60.70 2.40 16.7 3.4

NIS REG D 165.00 - 2.80 (14.24) 4.83 16.08% 104.47 81.13 18.01 27.44 21.81 13.87 16.80 9.8 1.6

PIERIS EXPORTS REXP M 31.20 (3.09) (14.21) (8.99) 11.16 55.77% -10.73 (66.79) (11.03) (69.15) (1.18) 14.58 na na na

AL CERAMICS RCL M 147.00 - (0.54) (6.19) 110.79 28.12% 47.12 1,468.11 391.48 439.69 412.89 224.05 13.25 11.1 3.1

SON INTERNATIONAL SIL M 145.70 (0.82) 30.09 17.50 3.85 -12.40% 88.60 (42.27) 1.27 (13.43) (12.53) (17.58) na na 1.6

ER INDUSTRIES SINI D 227.00 (0.35) (2.07) (45.13) 3.85 20.11% 222.01 171.76 23.85 27.59 (31.31) 151.63 44.65 5.1 1.0

YO CEMENT [V] TKYO M 52.20 (2.43) (0.76) (12.85) 202.50 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 2.73 19.1 2.7

YO CEMENT [NV] TKYO X M 40.00 - 2.04 (3.85) 101.25 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 2.73 14.7 1.4

RA CABLES SIRA M 5.00 4.17 16.28 (5.66) 537.51 0.00% 2.40 - na na na 2.1

T URE D JE RS EY T JL M 15 655.00 143.97




19/21


mpany Year Price Shares Trailing BVPS Net Profit Trail ing Trail ing PBV M


TORS (0.01) (4.73) (13.33) 39.87% 5,105.13 1,528.35 1,119.78 1,741.60 715.40 8.75 3.49

ODROME AUTO M 852.10 0.25 (3.72) (16.46) 1.20 9.12% 448.08 49.03 10.27 12.00 15.40 11.37 40.86 20.9 1.9

ONIAL MOTORS COLO M 477.00 (2.17) 70.17 34.40 9.12 20.48% 168.39 314.64 143.01 112.89 46.20 12.54 34.48 13.8 2.8

O DIMO M 1420.00 (0.29) 2.84 (4.23) 8.88 55.66% 522.31 2,580.31 636.40 664.37 973.90 305.64 290.69 4.9 2.7

KA ASHOK ASHO M 3600.00 (10.00) (34.55) (39.99) 3.62 53.99% 390.25 762.90 279.00 (66.90) 321.60 229.20 210.70 17.1 9.2

HOSA MOTORS SMOT M 280.00 2.19 20.95 0.04 6.03 29.33% 83.90 148.48 49.22 53.38 22.60 23.27 24.61 11.4 3.3

ED MOTORS UML M 177.90 15.22 24.30 14.83 67.27 29.93% 62.08 1,249.77 410.45 344.04 361.90 133.38 18.58 9.6 2.9

PALMS 0.55 2.01 5.34 36.79% 7,278.64 3,110.83 1,055.89 641.52 2,470.41 19.3 7.1

T DARAH BUKI M 1070.00 1.69 3.61 3.27 102.00 47.40% 138.84 6,712.64 2,943.95 900.51 506.83 2,361.36 65.81 16.3 7.7

D HOPE GOOD M 1182.10 0.08 0.18 14.77 6.87 8.31% 220.00 125.67 33.40 34.46 31.63 26.18 18.29 64.6 5.4

O MALAY INDO M 1394.90 (0.08) (0.01) 16.24 7.00 7.93% 184.79 102.51 26.20 28.15 25.40 22.76 14.65 95.2 7.5

NSING SELI M 1100.00 (12.00) (12.00) 9.89 6.94 9.36% 313.37 203.46 68.41 54.32 45.22 35.51 29.32 37.5 3.5

LIMAR SHAL M 885.10 - (0.01) 10.62 6.94 8.23% 235.13 134.36 38.87 38.46 32.43 24.60 19.36 45.7 3.8

NTATIONS (1.50) (4.30) (21.58) 19.94% 3,981.17 (629.58) 2,381.06 1,566.98 662.72 8.9 1.78

LAWATTE AGAL D 58.60 1.03 2.27 (22.89) 25.00 29.82% 31.39 234.03 (22.36) 121.4 76.05 58.90 9.36 6.3 1.9

ANGODA BALA D 41.00 (0.24) (4.18) (28.79) 23.64 17.12% 61.72 249.77 84.16 132.3 34.56 (1.25) 10.57 3.9 0.7

AWANTALAWA BOPL M 17.50 - 1.75 (11.22) 83.75 -1.23% 11.39 (11.78) (44.18) 62.9 69.15 (99.64) na na 1.5

UGASTENNE HAPU D 61.10 (6.00) (12.71) (20.85) 46.32 6.50% 31.02 93.33 (35.60) 53.7 0.12 75.11 2.02 30.3 2.0

ANA HOPL M 48.00 (0.41) (14.59) (32.87) 25.00 31.13% 41.91 326.17 (13.30) 154.9 135.31 49.22 13.05 3.7 1.1

AWATTE KAHA D 33.00 (5.71) (5.71) (7.30) 79.89 20.75% 13.05 216.34 (115.74) 141.4 68.57 122.07 2.71 12.2 2.5

ALLE KGAL M 149.50 (4.29) (6.74) (27.67) 25.00 30.20% 98.51 743.81 31.37 270.1 227.41 214.90 29.75 5.0 1.5

ANI VALLEY KVAL D 120.00 (0.17) (6.55) (18.94) 34.00 20.95% 55.90 398.23 (49.26) 246.2 165.19 36.07 11.71 10.2 2.1

AGALA KOTA M 105.00 (4.55) (8.85) (34.38) 32.00 28.79% 69.34 638.89 26.37 175.5 238.61 198.38 19.97 5.3 1.5

ULSIMA MADU D 21.30 - (3.18) (17.44) 29.00 -13.37% 57.63 (223.47) (116.86) 37.5 (50.08) (94.01) na na 0.4

WATTE VALLEY MAL D 7.40 8.96 14.06 (23.16) 224.59 22.70% 9.12 464.96 92.61 198.6 101.13 72.58 2.07 3.6 0.8

KELIYA MASK M 25.00 (1.19) 3.32 (12.63) 26.98 -41.67% 25.61 (287.88) (317.75) 30.9 57.27 (58.34) na na 1.0

UNUKULA NAMU M 97.80 3.93 (7.65) (18.02) 23.75 25.26% 54.56 327.24 1.26 100.7 116.76 108.56 13.78 7.1 1.8

AWAKELLE TPL D 33.80 1.21 (0.30) (16.46) 23.75 8.24% 46.62 91.20 (75.79) 71.8 101.93 (6.76) 3.84 8.8 0.7

PUSSELLAWA UDPL D 37.70 (5.75) (13.33) (11.08) 19.40 1.36% 21.22 5.58 (33.79) (9.2) 36.28 12.24 0.29 131.1 1.8

AWALA PLANTATIONS WATA M 19.50 1.04 (0.51) (19.75) 236.67 17.69% 10.88 455.54 (40.73) 296.8 188.73 10.72 1.92 10.1 1.8

TIYA ELPL M 26.50 (1.85) 5.14 (19.39) 72.87 18.44% 18.71 251.44 251.4 na 3.45 7.7 1.4

RES.HOL MPRH M 30.00 (10.98) 17.65 (1.96) 17.26 1.14% 39.52 7.77 43.8 (36.02) 0.45 66.6 0.8

LTH SERVICES (3.56) 20.64 10.21 5.73% 958.19 308.85 182.66 295.63 171.04 42.6 2.44

I CENTRAL ASHA M 200.00 (4.76) - (25.37) 22.33 -9.82% 45.0 (176.52) -60.5 (116.04) na na 2.5

I SURGICAL AMSL M 8.80 (7.29) 14.10 9.88 528.46 13.08% 3.8 291.69 89.7 90.0 51.4 60.65 0.55 15.9 2.1

I HOSPITAL ASIR M 10.00 (3.85) 19.05 8.70 889.26 8.52% 2.9 238.85 73.8 64.3 77.3 23.38 0.27 37.2 3.2

LON HOSPITALS [V] CHL M 96.00 - 1.37 (6.71) 25.53 4.39% 72.7 89.42 38.5 (3.836) 40.637 50.92 2.64 36.4 1.6

LON HOSPITALS [NV] CHL X M 78.70 - 3.28 (1.75) 8.35 1.89% 72.7 38.50 38.5 (3.836) 40.637 2.64 29.8 9.6

KA HOSPITALS LHCL M 62.80 (4.60) 50.61 44.32 223.73 10.54% 9.8 301.63 66.2 65.2 106.0 64.30 1.35 46.6 4.9

ALOKA NHL M 4.00 2.56 2.56 - 1409.51 5.87% 2.0 174.62 2.2 23.7 60.9 87.83 0.12 32.3 1.9

Net ProfitsPrice Performance

road Market Valuation Guide


20/21




VICES 1.90 9.78 (9.93) 31.36% 761.90 25.97 502.72 112.09 118.18 10.61 3.33

N KEELLS LIMITED JKL M 90.00 0.11 2.86 (57.37) 60.80 45.33% 29.06 800.77 66.67 542.88 83.93 107.29 13.17 6.8 3.1

E HOUSE PRINTING LPRT M 175.00 (2.07) 39.52 24.18 2.94 1.87% 43.20 2.38 2.00 (1.48) 0.56 1.29 0.81 216.3 4.1

C. SHIPPINGS MSL M 299.00 (11.17) 4.66 (25.81) 2.84 -17.24% 106.16 (52.07) (10.40) (38.68) 4.42 (7.41) na na 2.8

LON PRINTERS CPRT M 100.00 - - - 0.04 -242.06% 376.66 (31.92) (32.30) 0.38 na na na 0.3

AMAZOO KZOO M 3500.00 - 12.90 (12.43) 0.05 5.80% 878.80 2.55 0. 79 na 51.00 68.6 4.0

AGON PARA M 1899.00 - - 7.29 0.10 na 0.39 3.90 487.1 na LON TEA BROKERS CTBL M 7.70 42.59 71.11 42.59 114.00 22.55% 1.55 39.80 na 22.79 17.01 0.35 22.1 5.0

RES AND SUPPLIES 0.47 13.82 (19.67) 12.30% 606.01 88.69 130.27 333.07 53.99 22.29 2.74

OMBO PHARMACY PHAR M 1900.00 5.30 2.81 (27.99) 1.27 2.44% 622.10 19.35 3.29 4.69 3.37 8.00 15.20 125.0 3.1

CREASY EBCR M 2600.00 - 36.94 23.52 2.54 25.89% 733.48 481.57 64.60 123.41 293.56 220..22 189.93 13.7 3.5

TETNER GEST M 313.00 13.43 21.67 (11.82) 2.28 43.89% 22.91 22.91 5.85 1.13 5.34 10.59 10.06 31.1 13.7

TERS HUNT M 735.00 (3.52) (8.09) (48.27) 5.15 3.69% 432.42 82.19 14.96 1.03 30.80 35.40 15.97 46.0 1.7

DING 0.06 0.90 (9.58) 33.83% 10,273.76 7,093.52 (231.33) 2,313.10 1,095.31 6.48 2.19

WNS BRWN M 275.00 (0.33) (0.40) (21.85) 70.88 12.88% 215.68 1,968.09 86.69 (459.96) 1,572.96 768.40 27.77 9.9 1.3

MACKIE CWM D 95.00 (0.21) - 0.21 35.99 19.39% 38.90 271.45 102.19 121.84 0.42 47.00 7.54 12.6 2.4

LON FOREIGN TRADES CFT M 9.80 6.52 10.11 (2.97) 140.20 1096.14% 4.31 6,628.06 6,599.28 17.61 7.29 3.89 47.28 0.2 2.3

TERN MERCHANTS EMER M 2324.50 (3.27) (14.56) 68.84 1.68 2.71% 555.92 25.30 29.29 (12.87) 8.88 na 15.08 154.1 4.2

RONMENTAL RESOURCES GREG M 70.10 1.15 8.29 10.85 315.48 6.53% 23.32 480.56 (16.77) (149.83) 486.70 160.45 1.52 46.0 3.0

ANT GEMS RGEM M 110.20 42.04 26.89 29.33 2.40 -1.09% 13.90 (0.36) 2.30 (2.19) (1.04) na na 7.9

GER SRI LANKA SINS D 122.00 0.41 4.81 (6.15) 125.21 19.62% 35.43 870.50 292.84 249.58 225.55 102.53 6.95 17.5 3.4

CE EQUIPMENT OFEQ M 120.40 - - - 0.08 9.15% 264.29 2.02 (0.58) na 24.19 5.0 0.5

S AGRO TESS M 4.00 - 53.85 21.21 180.00 9.35% 1.67 28.15 na 14.07 14.08 0.16 25.6 2.4

WER & ENERGY (0.75) 6.99 (3.92) 13.14% 1,929.14 183.04 35.96 900.10 810.04 13.21 1.74

AS POWER HPWR M 35.50 (1.40) 11.01 (7.35) 125.20 15.80% 21.78 430.67 86.85 112.12 107.40 124.31 3.44 10.3 1.6

KA IOC LIOC M 18.80 (5.10) 3.91 4.49 532.53 10.42% 17.23 956.38 (36.25) (111.30) 602.36 501.57 1.80 10.5 1.1

LLANKA VLL M 9.10 - 21.33 37.88 432.88 16.53% 2.15 153.93 38.31 (9.42) 69.40 55.63 0.36 25.6 4.2

LIBEL POWER VPEL M 9.50 - - (10.38) 747.11 21.03% 2.47 388.15 94.12 44.56 120.94 128.53 0.52 18.3 3.8

GFS GAS LGL M 42.90 1.67 5.69 (6.56) 335.00 9.12% 579.02 251.48 327.54

GFS GAS (X) LGL M 28.70 (0.69) 1.05 (14.03) 52.00 9.12% 579.02 251.48 327.54

RO POWER HPFL M 14.30 (1.38) 10.00 (1.38) 109.09 7.38% 62.93 17.60 22.14 23.19

ASIAN POWER PAP M 5.20 1.92 20.45 (29.33) 500.00 14.50% 108.33 60.13 48.20

ORMATION TECHNOLOGY 9.38 19.55 9.98 2.80% 2.20 - - - 2.20 471.87 6.01

ANNELLING ECL M 8.50 9.09 23.53 50.00 122.13 2.80% 0.64 2.20 2.20 0.02 471.9 13.2

OUSE PCH M 19.70 9.44 18.67 3.68 228.9333 146.00 57.69 38.31 50.00

Net ProfitsPrice Performance



21/21

Head of ResearchSaminda Weerasinghe (94-11)5320250

[email protected]

CorporatesMinoli Mallwaarachchi (94-11)5320259

Nirmala Samarawickrama (94-11)5320253

Dilan Wijekoon (94-11)5320253

Thilina Ukwatta (94-11)5320253

Shan Silva (94-11)5320251

Senior AnalystAmali Perera (94-11)5320256

[email protected]

EconomyDhanusha Pathirana

Travis Gomez (94-11)5320000

StatisticianNuwan Pradeep (94-11)5320257

Sabri Marikar (94-11) 5320224 077 3-576868 [email protected]

Niroshan Wijayakoon (94-11) 5320208 0777-713645 [email protected]

Niyaz Aboobucker (94-11) 5320213 0777-727352 [email protected]

Anura Hedigallage (94-11) 5320211 0777 -713663 [email protected]

Chelaka Hapugoda (94-11) 5320240 0777 -256740 [email protected]

Chaminda Mahanama (94-11) 5320223 0777 -556582 [email protected]

Hiran Bibile (94-11) 5320238 0777 -352032 [email protected]

Shiyam Subaulla (011)- 5320218 0773-502016 [email protected]

Gagani Jayawardhana (011)- 5320236 0714-084953 [email protected]

Priyantha Hingurage (011)- 5320217 0773-502015 [email protected]

Neluka Rodrigo (011)- 5320214 0777-366280 [email protected]

Subeeth Perera (011)- 5320227 0714-042683 [email protected]

CSE Floor CSE,01-04, World Trade Centre, Colombo 1. Thushara Adhikari (011)-5735122 0773-688202 [email protected]

M G Suranjana (011)-5763539 0773-954994

Kiribathgoda Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda Danushka Boteju (011)-5634803 0716-270527 [email protected]

Suranga Harshana (011)-5734773 0783-452500 [email protected]

Kurunegala Union Assurance Building, No.6,1st Floor, Rajapilla Rd, Kurunagala. Asanka Samarakoon (037)-5628844 0773-690749 [email protected]

Gayan Nishsanka (037)-5642717 0777-105356 [email protected]

Bandula Lansakkara (037)-5643580 0773-925852

Matara E.H.Cooray Building, Mezzanine Floor, No:24, Anagarika Darmapala Mw, Sumeda Jayawardena (041)-5677525 0773-687027 [email protected]

Matara Lalinda Liyanapathirana (041)-5677526 0778-628798 [email protected]

Galle Peoples Leasing Building, 2nd Floor, No.118,Matara Road, Galle Ruchira Hasantha (091)-5629998 0773-687027 [email protected]

Ushan Sachith (091)-5676767 0778-628798 [email protected]

Negombo Asia Asset Finance, 171/1, Station Road, Negombo. Uthpala Karunatilake (031)-5676881 0773-691685 [email protected]

Kandy k3-L1,Level 01,kcc, No 5 ,Dalda Veediya, Kandy. Nilupul Hettiarachchi (081)-5628500 0773-691816 [email protected]

Radhika Hettiarachchi (081)-5625577 0777-810694 [email protected]

Hambantota Hambanthota Chamber of Commerce, Thangalle Road, Hambantota. Gayan Sanjeewa (047)-5679240 0715-536309 [email protected] Muthumali (047)-5679241 0772-351716 [email protected]

Shermin Ranasinghe 0772-378352 [email protected]

Ampara 2nd

Floor, T.K.S. Building, D.S. Senanayake Street, Ampara. Ravi De Mel (063)-5679071 0772-681995 [email protected]

Madushanka Rathnayaka (063)-5679070 0779-036577 [email protected]

Jaffna 11-8, First Floor, Stanley Road, Jaffna Gratian Nirmalan (021)-5671800 0777-567933 [email protected]

S.Puviraj (021)-5671801 0775-096969 [email protected]

Wennappuwa Asia Asset Finance, No.176, Negombo Road, Katuneriya. Sajith Iroshan (032)- 5673881 0773-740208 [email protected]

Sandun Athulathmudali (032)- 5673882 0772-533331 [email protected]

Moratuwa Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa. Hashan Lalantha (011)-5238662 [email protected]

Charith Perera (011)-5238663 [email protected]

Panadura Asian Alliance Building, 293, Galle Road, Panadura Ranganath Wijetunga (038)-5670400 0715-120723 [email protected]

Asanka Chaminda (038)-5670407 0713-559552 [email protected]

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Asia Wealth Research 201109 Weekly 34