Weekly 06 Asia

th
th February 2013
708
October 2011
Volume
Volume 0638
Sri Lanka Focus
08th February 2013
ASIA RESEARCH TEAM 1
Focus
Colombo Stock Exchange
Weekly Review by Asia Wealth Management Research
IN THIS ISSUE;
ASI Daily Closing

(ASI)
Crossings tap into hidden liquidity in the market
4000
Focu
Focu
5880
3500
5860
3000
Colombo Stock Exch

5840
2500
5820
7 October 2011
Volume 38
The week concluded on a positive note with the All

Share Price Index gaining WoW owing to major off the market
deals which drove the weeks............
Pg 02
5760
1000
5740
500
5720
th
Weekly overview of commodity trading
18- 21- 22- 23- 24- 28- 29- 30- 31- 1- 5- 6- 7- 8Jan Jan Jan Jan Jan Jan Jan Jan Jan Feb Feb Feb Feb Feb
Analysis of Various Warrants Listed on CSE
Turnover ( RHS)
ASI closing ( LHS)
Pg 04
Market Statistics
Commodity Prices
Pg 05
All Share Index

S&P SL20 Index
Banking & Finance
Food & Beverage
Diversified
Hotels & Travels
Telecommunication
Manufacturing
Market Capitalisation (LKR bn)
(USD bn)
Turnover (LKR mn)
(USD mn)
Average Daily Turnover (LKR mn)
Volume (mn shares)
Foreign Purchases (LKR mn)
Foreign Sales(LKR mn)
08-Feb
5,850.67
3,271.25
13,068.99
16,608.96
1,892.00
3,508.19
172.39
2,715.68
2,247.60
17.80
5,103.50
40.41
1,275.90
186.80
3,033.30
3,267.30
01-Feb
5,799.69
3,196.81
12,779.91
16,388.73
1,893.02
3,557.49
168.04
2,657.90
2,227.912
17.64
9,164.20
71.72
1,832.80
143.10
4,726.99
5,209.96
% Chg.
0.9
2.3
2.3
1.3
-0.1
-1.4
2.6
2.2
0.9
0.9
-44.3
-43.7
-30.4
30.5
-35.8
-37.3
W eekly R eview by Asia Wealth Manag
Foreign investor interest in selected counters

persists while earnings performance mixed...
Colombo Stock Exch
The ASI witnessed a more volatile experience

over the course of the week whilst the more liquid S&PSL20
index ended up in the green continuously.........
Pg07
7th October 2011
1500
5780
Table below shows the members who have

qualified to be a part of Asia Wealth Researchs Billion Rupee
Club.
Pg 03
Major Price Movements
Company
2000
5800
Colombo Bourse Billion Ruppee Club
Volume 38
(LKR mn)
5900
Large Trades
Price
+/-LKR
+/- %
Commercial Development Co
73.30
8.8
13.6
Company
Environmental Resources Investments ( W003)
Lanka Ceramic
67.20
7.2
12.0
Environmental Resources Investments (W 006)
1,000.00
100
11.1
Dialog Axiata
13,761,780
10.8
Hnb
10,898,017
Environmental Resources Investments
10,025,586
Ceylinco Insurance
E-Channeling
Pc Pharma
Asia Siyaka Commodities

Capital Alliance Finance
7.20
0.7
10.00
0.9
9.9
4.00
-0.4
-9.1
18.00
-1.8
-9.1
Volume
38,340,337
Weekly Review by Asia Wealth

Manag
36,307,546
Seylan Merchant Bank
7,929,807
Commercial Bank Of Ceylon
6,233,227
Colombo Stoc
Madulsima Plantations
12.90
-1.7
-11.6
Textured Jersey Lanka
Bimputh Lanka Investments
15.50
-2.6
-14.4
Asia Asset Finance
4,478,588
-14.7
E-Channeling
3,140,877
Paragon Ceylon
900.00
-155
4,558,720
Sri Lanka Focus
08th February 2013
Features
Crossings tap into hidden liquidity in the market
The week concluded on a positive note with the All Share Price Index gaining WoW, owing to major off the market deals
which drove the weeks turnover and volume levels. The ASI gained 50.98 points WoW to close at 5,850.67 points (0.9%),
whilst the S&P SL 20 Index gained 74.44 points WoW to close at 3,271.25 points (2.3%). Indices gained mainly on the back
of the gains made by Commercial Bank of Ceylon (5% WoW), Sampath Bank (8.1% WoW), Ceylon Tobacco (1.7% WoW),
Dialog Axiata (3.4% WoW) and Ceylinco Insurance (11.1% WoW).
The activities at the bourse regained momentum with high net worth, institutional and foreign investors dominating the
market, accumulating their stakes in blue chip counters (predominantly in the banking and finance sector). However, the
contribution from retail investors remained low while they continued to remain in the sideline. The bourse recorded an
average daily turnover of LKR 1,275.9mn for the week whilst the average weekly traded volume stood at 46.7mn.
Crossings were the major contributor to the market volumes and turnover during the week, enabling investors to tap into
hidden liquidity in the market, and also to accumulate large equity stakes in fundamentally sound counters. Off the
market deals with institutional and foreign interest were primarily witnessed on blue chip counters including crossings on
the three largest private licensed commercial banks, Commercial Bank of Ceylon, Hatton National Bank and Sampath
Bank. Crossings were further recorded on John Keells Holdings, Chevron Lubricants, Dialog Axiata, and Environmental
Resources Investments voting shares and warrants 3 and 6.
Furthermore, Environmental Resources Investments warrant 3, Environmental Resources Investments warrant 6,
Dialog Axiata, Hatton National Bank and Environmental Resources Investments (Voting) topped the list in terms of
volume traded during the week.
The week saw foreign purchases amounting to LKR3,033.3 mn whilst foreign sales amounted to LKR 3,267.3 mn. Market
capitalisation stood at LKR 2,247.6 bn, and the YTD performance is 3.7%.
08th February 2013
Sri Lanka Focus
Colombo Bourses Billion Rupee Club

Table below shows the members who have qualified to be a part of Asia 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.
BVPS
Net Profit
JOHN KEELLS HOLDINGS
Company
852.43
14.56%
87.83
10,900.49
12.79
18.0
2.6
196,057.81
COMMERCIAL BANK [V]
780.10
18.78%
61.40
9,611.80
11.53
9.7
12.7
86,825.09
53.47
18.78%
61.40
9,611.80
11.53
8.2
1.5
5,053.27
CEYLON TOBACCO
187.32
179.64%
24.20
8,145.00
43.48
19.3
34.7
157,164.63
HNB [V]
317.79
16.25%
111.06
7,171.46
18.04
8.3
1.3
47,351.07
79.66
16.25%
111.06
7,171.46
18.04
6.4
1.0
9,240.33
8,143.78
19.03%
4.45
6,900.50
0.85
10.7
2.0
74,108.38
DISTILLERIES
300.00
15.46%
133.86
6,209.77
20.70
8.9
1.4
55,080.00
SAMPATH BANK
162.74
19.83%
148.23
4,784.49
29.40
8.1
1.6
38,731.33
1,804.86
7.55%
30.45
4,148.00
2.30
19.1
1.4
79,233.35
AITKEN SPENCE
406.00
15.23%
63.82
3,947.22
9.72
13.0
2.0
51,196.10
LOLC
475.20
19.06%
43.37
3,928.29
8.27
8.2
1.6
32,076.00
1,560.00
18.31%
12.26
3,502.00
2.24
5.8
1.1
20,280.00
DFCC BANK
265.10
12.27%
98.48
3,203.82
12.09
10.6
1.3
33,932.50
NDB
164.20
16.44%
112.61
3,039.55
18.51
8.3
1.4
25,204.99
CENTRAL FINANCE
104.88
20.15%
140.53
2,970.20
28.32
6.5
1.3
19,193.65
BUKIT DARAH
102.00
10.00%
285.72
2,913.11
28.56
24.5
2.4
71,400.00
OVERSEAS REALTY
843.48
13.50%
23.48
2,674.92
3.17
4.4
0.6
11,893.13
NESTLE LANKA
53.73
93.78%
52.59
2,649.72
49.32
32.9
30.9
87,303.88
UNITED MOTORS
67.27
39.71%
97.37
2,600.77
38.66
2.5
1.0
6,625.81
ASIAN HOTEL & PROPERTIES
442.78
16.86%
33.03
2,464.92
5.57
12.9
2.2
31,879.82
CARSON CUMBERBATCH
196.39
7.46%
164.94
2,418.12
12.31
37.0
2.8
89,552.43
95.04
32.18%
77.17
2,359.74
24.83
5.8
1.9
13,685.76
SEYLAN BANK [V]
173.33
11.84%
56.91
2,278.10
6.74
9.2
1.1
10,746.67
SEYLAN BANK [NV]
164.75
11.84%
56.91
2,278.10
6.74
5.3
0.6
5,930.88
CHEVRON LUBRICANTS
120.00
54.83%
34.62
2,277.70
18.98
11.9
6.5
27,000.00
COLOMBO DOCKYARD
71.86
21.91%
140.53
2,212.59
30.79
7.4
1.6
16,311.98
CEYLON TEA SERVICES
20.00
29.44%
372.76
2,194.96
109.75
5.9
1.7
13,000.00
1,939.24
30.85%
3.52
2,107.10
1.09
7.0
2.2
14,738.21
532.53
17.74%
21.58
2,039.19
3.83
5.4
1.0
11,076.62
VALLIBEL ONE LIMITED
1,086.56
6.07%
28.07
1,850.83
1.70
10.3
0.6
19,123.44
NATIONS TRUST BANK
230.61
19.02%
41.57
1,823.67
7.91
7.8
1.5
14,182.35
69.26
39.52%
65.30
1,787.02
25.80
5.6
2.2
10,042.29
110.79
22.71%
69.64
1,752.25
15.82
6.3
1.4
11,078.94
8.88
20.94%
863.75
1,605.52
180.87
3.3
0.7
5,325.86
AIT. SPENCE HOTEL HOLD.
336.29
14.14%
33.73
1,604.23
4.77
15.6
2.2
24,952.72
HEMAS HOLDINGS
515.29
13.20%
21.24
1,444.73
2.80
10.2
1.3
14,685.78
20.00
12.62%
425.89
1,419.35
70.97
14.1
2.3
20,000.00
6.41
12.62%
425.89
1,419.35
221.27
1.4
0.8
2,052.63
PCH HOLDINGS LIMITED
252.00
88.39%
6.26
1,395.17
5.54
1.3
1.1
1,764.00
SINGER SRI LANKA
125.21
26.38%
38.56
1,273.69
10.17
10.3
2.7
13,147.01
25,560.00
COMMERCIAL BANK [NV]
HNB [NV]
DIALOG TELEKOM
SRI LANKA TELECOM
PEOPLES LEASING
CEYLON COLD STORES
RICHARD PIERIS
LANKA IOC
LB FINANCE
ROYAL CERAMICS
DIMO
CEYLINCO INSURANCE [V]

CEYLINCO INSURANCE [NV]
Shares
Trailing ROE
Trailing EPS
Trailing PE
PBV
Mkt Cap Mn
80.00
22.90%
68.66
1,257.97
15.72
20.3
4.7
LANKA ORIX FINANCE
2,800.00
22.09%
1.89
1,171.41
0.42
8.4
1.8
9,800.00
JOHN KEELLS HOTELS
1,456.15
8.42%
9.31
1,140.90
0.78
17.5
1.5
19,949.21
LION BREWERY
75.00
5.65%
250.97
1,063.14
14.18
21.2
1.2
22,500.00
1,954.92
12.14%
4.48
1,062.91
0.54
12.9
1.6
13,684.41
CEYLON THEATRES
183.10
8.41%
68.89
1,060.36
5.79
23.2
1.9
24,553.34
COLOMBO FORT LAND
180.00
18.20%
32.11
1,051.63
5.84
5.6
1.0
5,886.00
10.64
39.30%
249.16
1,041.82
97.92
1.5
0.6
1,542.80
HAYLEYS
EXPOLANKA HOLDINGS
COLONIAL MOTORS
08th February 2013
Sri Lanka Focus
Features
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 intrinsic value
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.
Warrants Valuation
Exercise
price
CLPL-W-0013
CLPL-W-0014
GREG-W-0003
GREG-W-0006
CSF-W-0021
REEF-W-0019
118.00
142.00
36.00
39.00
12.00
40.00
Share Price
Expiry Date
(2013/02/08)
72.40
72.40
18.10
18.10
10.00
23.40
25-Aug-14
25-Aug-15
24-Feb-14
24-Feb-15
31-Jul-13
15-Jun-15
Price According to Black

Warrant Price
Scholes model (Intrinsic
(2013/02/08)
value)
5.90
0.00
6.00
0.00
2.90
0.00
3.30
0.00
2.00
0.00
3.80
0.00
Undervalued/
(Overvalued)
(5.90)
(6.00)
(2.90)
(3.30)
(2.00)
(3.80)
08th February 2013
Sri Lanka Focus
Commodity Prices
Date as at
18.01.13
24.01.13
01.02.13
08.02.13
111.1
112.8
115.6
117.2
1.4%
Gold (USD/Ounce)
1,690.8
1,682.2
1,660.6
1,673.2
0.8%
Copper LME (USD/Ton)
7,927.0
8,115.5
8,169.0
8,243.3
0.9%
16.01.13
24.01.13
31.01.13
06.02.13
429.81
431.77
436.98
417.86
18.01.13
24.01.13
31.01.13
06.02.13
422.75
N/A
380.0
388.5
2.2%
18.01.13
24.01.13
01.02.13
08.02.13
USD
126.70
127.05
126.35
126.32
WoW %
change
-0.0%
EURO
169.48
169.06
171.61
169.32
-1.3%
STG (GBP)
202.46
201.20
199.93
198.56
-0.7%
1.41
1.44
1.38
1.35
-2.2%
20.38
20.43
20.26
20.24
-0.1%
Brent Crude Oil (USD/Barrel)
WoW %
change
METALS
AGRI
Date as at
Tea LKR/Kg
Date as at
Rubber (RSS 1) LKR /Kg
Exchange Rates (LKR)
YEN
YUAN (CNY)
WoW %
change
-4.4%
WoW %
change
Source: Bloomberg, AFP, Reuters, Eurostat
OIL
Brent crude oil prices picked up during the week mainly on the back of renewed geopolitical tensions between Iran
and U.S despite the rising stock piles of crude oil in the worlds largest crude oil consuming nation. Oil prices picked
up during the week on concerns of an escalation of U.S sanctions on Iran. Price of Brent crude jumped 1.4% WoW to
USD 117.2/barrel on the back of these developments.
Gold
Gold prices picked up on the back of weak economic signals from the worlds largest economy coupled with the
ongoing crisis situation in the Euro zone economies. However, some positive remarks made by the European Central
Bank President Mario Draghi on the prospects of EU recovery, prevented gold prices from spiking further. On account
of these changes, price of gold increased 0.8% WoW to USD 1,673.2/ounce at the New York Mercantile Exchange.
Sri Lanka Focus
08th February 2013
Commodity Prices
Copper
Copper prices gained over the week as promising trade data from China revived the demand for the worlds third
most utilised industrial metal. According to the data released exports receipts of China surged by 25% YoY and
imports expenditure increased 28.8% YoY in January boosting the demand for copper. LME Copper futures for March
delivery rose 0.9% WoW in line with these developments.
USD
The Greenback gained against the Euro on the back of the remarks made by European Central Bank President who
claimed that recent gains of Euro may affect output growth by dampening demand for regions assets. The reports
further state that Euro was 0.3% lower from reaching its 17 week low against the USD as Euro zone leaders meet to
reach a consensus on the 2014-2020 budget.
Source: Bloomberg, AFP, Reuters, Eurostat
Sri Lanka Focus
08th February 2013
Conclusion
Foreign investor interest in selected counters persists while earnings performance
mixed....
The ASI witnessed a more volatile experience over the course of the week whilst the more liquid S&PSL20 index
ended up in the green continuously throughout the week. This was on the back of continued large local
institutional, high net worth and foreign interest in large cap counters. Counters such as Commercial Bank and John
Keells Holdings continued to command the interest of funds such as Franklin-Templeton. It is also noteworthy to
observe that foreign investor interest has been sustained in selected blue-chip counters despite the pickup in the
secondary market yields on government securities in the short term. This could be a reflection of the view that the
Central Bank would maintain or cut interest rates in order to facilitate the governments development agenda,
which would lend further support to equity valuations of fundamentally sound counters which are trading at
attractive prices.
However, in light of the mixed 4QCY12 financial performance reported thus far by firms, we stress the importance
of understanding the broad macroeconomic developments which affect sector performances and hence the
earnings of individual firms. The Economist Intelligence Unit (EIU) in its latest update for Sri Lanka released over the
week expects real GDP growth forecast to slowdown to an average of 6.5% over 2013E-2017E which is below the
central Banks expectations. It highlights the fact that whilst certain sectors such as tourism and construction may
outperform, other sectors such as traditional export oriented industries may underperform.
08th February 2013
Sri Lanka Focus
Focus on Investment
Key Buys
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.
50
45
40
35
30
25
20
15
10
5
0
LKR
Manufacturing
X LKR 18.90
TKYO
2/9/2012
30
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
2/8/2013
LKR
Tokyo Cement
N LKR 25.20
Charts Sourced from Asia Wealth Research
25
20
15
10
5
TKYOX
0
2/9/2012
Banking & Finance
LKR
16
14
12
10
8
6
4
2
0
Largest specialized leasing company in Sri Lanka, a subsidiary of Peoples Bankthe 2nd largest commercial bank of the country, a holding of 75%.Principal
business activity of the PLC is the provision of finance leasing, operating leasing,
HP facilities etc... The declining interest rates in the economy and rising demand
for credit is to provide many opportunities for these business models. During
2012 most of the finance companies enjoyed much demand for loans, due to
credit ceiling imposed on LCBs. However the ceiling was lifted from the
beginning of 2013, yet we believe the declining interest rates would create more
avenues for RFCs. PLC achieving the finance company licenses, have opened
opportunities to collect public deposits and minimise cost of funds, where the
company was earlier depending on more borrowings. Going by these, we
believe PLC is a medium to long term healthy investment to consider.
Sampath Bank
N LKR 238.00
Banking& Finance
2/9/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
PLC
250
LKR
Peopless Leasing Company

N LKR 13.00
2/8/2013
200
John Keells Holdings

N LKR 230.00
Diversified
150
100
50
SAMP
0
2/9/2012
250
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012 12/20/2012
2/8/2013
LKR
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. And
the company is well poised to take advantage in the prevailing economic boom
in the country. The interest rates in the economy are showing a declining trend
consequent to the cut down in policy rates from 2013. The credit ceiling that
existed during 2012 has limited the growth of LCBs, including Sampath bank.
However, the removal of the ceiling from 2013, and the diminishing interest
rates coupled with SAMPs strong capital adequacies, would enable the bank
enter another growth phase in its performance. Therefore considering these
factors we rate SAMP as a mid to longer term investment.
200
150
The sustained performance of the group during 9MFY13 inspite of its high
exposure to macro economic shocks is a testament to the firms commitment
towards value creation whilst maintaining a healthy balance sheet.Going
forward, with the growth in GDP, per capita income and the increase in tourist
arrivals we anticipate the consumer retail and the leisure sector to perform
admirably.
100
50
JKH
0
2/9/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012 12/20/2012
2/8/2013
08th February 2013
Sri Lanka Focus
Focus on Investment
CIC Holdings
N LKR 65.00
Chemicals & Pharmaceuticals

X LKR 50.20
LKR
120
100
80
60
40
20
CIC
0
2/9/2012
80
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
2/8/2013
LKR
CIC is considered as the only seed to shelf agricultural company in Sri

Lanka.The Company also has foot prints in consumer and pharmecuitical
industries, Paints, Industrial raw material and Packaging. 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.
70
60
50
40
30
20
10
CICX
0
2/9/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
2/8/2013
140
Banking & Finance

X LKR 94.50
120
LKR
Commercial Bank
N LKR 111.30
100
80
60
40
20
COMB
0
2/9/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
2/8/2013
120
LKR
Commercial Bank is the largest private sector commercial bank with an asset
base of LKR498.1 bn as at end Sept 2012, and operates with above 400 ATM
points, which is also the largest single network in the country. Towards the
future, bank is well positioned with capital, consequent to the recently concluded
Rights issue of circa LKR5 bn enabling the bank to extend its credit further. With
the declining interest rates in the economy consequent to the cut in policy rates
and lifting the credit ceiling that prevailed during 2012, coupled with the strong
capital adequacies; the bank is expected to continue its growth momentum.
Therefore considering these factors we rate COMB as a mid to longer term
investment.
100
80
60
40
20
COMBX
0
2/9/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012
12/20/2012
2/8/2013
Banking & Finance

X- LKR 116.00
HNB is the second largest private commercial bank with a total asset base of
LKR388.6 bn as at end 2011, and number one private bank in terms of branches
with a strong network of over 240. Bank is well positioned with its capital
consequent to fresh capital raised through a rights issue amounting to LKR 6 bn.
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. With,
the declining interest rates in the economy consequent to the cut policy rates
and lifting the credit ceiling that prevailed during 2012, coupled with the strong
capital adequacies; the bank is expected to continue its growth momentum.
Therefore considering these factors we rate HNB as a mid to longer term
investment.
140
120
LKR
Hatton National Bank

N-LKR 149.00
3/27/2012
100
80
60
40
20
HNBX
0
2/ 9/ 2012
3/27/2012
5/15/2012
6/27/2012
8/ 10/ 2012
9/24/2012
11/6/2012
12/20/2012
2/ 8/ 2013
LB Finance
N LKR 145.00
.0
Banking & Finance
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 48
bn as at end Sept FY2013, and an island wide branch net work of 26. With
satisfactory liquidity levels and capital adequacies, company is poised to take
advantage in any growth in credit demand. The declining interest rates in the
economy and rising demand for credit is to provide many opportunities for
these business models. Further company would stay ahead of other finance
companies consequent to its strong fundamentals, high interest margins, high
ROE etc...Therefore we rate LFIN as a worthwhile investment with a time span
of medium to long term.
180
160
LKR
140
120
100
80
60
40
LFIN
20
0
2/9/2012
3/27/2012
5/15/2012
6/27/2012
8/10/2012
9/24/2012
11/6/2012 12/20/2012
2/8/2013
08th February 2013
Sri Lanka Focus
Piramal Glass
N LKR 6.30
Manufacturing
LKR
Focus on Investment
6
9
8
5
4
3
2
GLAS
0
2/9/2012
3/27/2012
5/15/2012
6/27/2012
LKR
The company is the sole glass manufacture in Sri Lanka who supplies
glasscontainers to thefood and beverages, cosmetics, perfumery and the
pharmaceutical sectors.
The company at present virtually holds a
monopolistic position in the Local market with an approximately 97% market
share. Further, with their state of the art manufacturing plant in Horana,
coupled with the growing demand derived from the rapid developments
taking place within the Sri Lankan economy, the company is likely to deliver
better returns to its shareholders.
7
6
5
4
3
2
1
GLAS
0
11/3/2011
12/19/2011
2/1/2012
3/20/2012
5/8/2012
6/20/2012
8/3/2012
9/17/2012
10/30/2012
8/10/2012
9/24/2012
11/6/2012 12/20/2012
2/8/2013
08th February 2013
Sri Lanka Focus
Stock Exchange Anouncements

As at 8th February 2013
Rights issues
Company
Proportion / Issue Price
XR date
Pelwatte Sugar
01 for 04 @ LKR18.00
Kotagala Plantations
01 for 04 @ LKR 45.00
Last Date Of
Acceptance &
Payment
Trading of rights
Commences on
* Rights issue would be delayed until the outcome of the

proposed Act with regard to acquisition of its land by the
State is known.
To be notified
SUB- DIVISION OF SHARES

Company
Description
Colonial Motors
(Subsequent to Right Issue)
07 shares to be subdivided into 10

shares
Sub-Division
based on
shareholding as
at
12-02-2013
Period of dealing
suspension
Date of
commencement
of trading
13-02-2013 to 15-02-2013
CAPITALISATION OF RESERVES
Company
Description
XC Date
Commercial Credit and Finance Plc
01 for 10.9037 ordinary shares held
To be notified
18-02-2013
08th February 2013
Sri Lanka Focus
Stock Exchange Anouncements

Dividends announcements
Company
Dividend per share
Senkadagala Finance
Royal Ceramics Lanka
Richard Pieris & Co
Commercial Bank of Ceylon
Vallibel Power Erathna
Watawala Plantations
HaycarbPlc
Peoples Finance Plc
Pan Asia Banking Corporation
Cargills
Dipped Products
HNB Assurance
Ceylon Tobacco Company
Amaya Leisure
C.T. Land Development
Second Interim Dividends of LKR 0.79

Interim Dividends of LKR 2.00
Second Interim Dividends ( Voting & Nonvoting) of LKR 1.00
Final Dividends of LKR 1.00
Final Dividends of LKR 6.50
XD Date
05-02-2013
13-02-2013
06-02-2013
07-02-2013
08-02-2013
11-02-2013
12-02-2013
12-02-2013
12-02-2013
12-02-2013
15-02-2013
28-03-2013
01-04-2013
19-02-2013
19-02-2013
Payment Date
14-02-2013
22-02-2013
15-02-2013
18-02-2013
19-02-2013
20-02-2013
20-02-2013
21-02-2013
21-02-2013
21-02-2013
26-02-2013
08-04-2013
09-04-2013
28-02-2013
26-02-2013
08th February 2013
Sri Lanka Focus
ASIA RESEARCH TEAM
13
Valuation Guide
Company
YE
SH(mn) M.CAP(Bn)
Price
FY10
Earnings (LKR mn)

FY11
FY12
FY13E
FY14E
149.00
116.00
94.50
111.30
238.00
153.50
4,786.8
4,786.8
5,508.0
5,508.0
3,484.5
2,102.6
6,148.8
6,148.8
8,094.7
8,094.7
4,150.6
2,705.5
8,265.4
8,265.4
9,689.9
9,689.9
5,422.9
3,184.6
11,625.6
11,625.6
12,960.3
12,960.3
8,146.1
4,973.1
12.0
12.0
6.6
6.6
21.4
12.8
15.5
15.5
9.7
9.7
25.5
16.5
20.8
20.8
11.6
11.6
33.3
19.4
25.2
25.2
12.9
12.9
41.9
24.3
29.3
29.3
15.5
15.5
50.1
30.3
12.4
9.6
14.3
16.8
11.1
12.0
9.6
7.5
9.7
11.5
9.3
9.3
7.2
5.6
8.1
9.6
7.1
7.9
5.9
4.6
7.3
8.6
5.7
6.3
5.1
4.0
6.1
7.2
4.8
5.1
7.50
7.50
6.00
6.00
7.91
3.50
5.0%
6.5%
6.3%
5.4%
3.3%
2.3%
15%
15%
18%
18%
20%
16%
101.6
101.6
53.5
53.5
128.0
104.1
1.5
1.1
1.8
2.1
1.9
1.5
6.1
5.1
9.7
6.2
11.5
9.1
12.9
9.3
14.6
12.5
37.7
24.9
23.8
20.2
20.1
13.8
17.9
13.5
15.8
10.1
3.00
0.63
1.3%
0.5%
14%
15%
83.5
61.4
2.8
2.1
FY10
FY11
EPS
FY12
FY13E
FY14E
FY10
FY11
PE
FY12
FY13E
FY14E
DPS
DY
ROE
BVPS
PBV
FINANCIAL SERVICES
HNB
HNB(NV)
Commercial Bank
Commercial Bank(NV)
Sampath Bank
NDB Bank
Dec
Dec
Dec
Dec
Dec
Dec
317.79
79.66
53.47
780.10
162.74
164.20
CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.
Mar
Mar
852.43
406.00
196.1 230.00
51.2 126.10
5,201.5
2,059.6
8,245.6
2,536.0
9,775.0 10,975.6 12,425.0

3,709.2 3,788.5 5,089.4
FOOD & BEVERAGE

Distilleries
Ceylon Tobacco
Mar
Dec
300.00
187.32
55.1 183.60
157.2 839.00
2,135.7
5,097.1
8,124.0
6,568.8
5,675.4
8,518.4
6,456.3
9,411.9
8,918.3
9,641.1
7.1
27.2
27.1
35.1
18.9
45.5
21.5
50.2
29.7
51.5
25.8
30.8
6.8
23.9
9.7
18.5
8.5
16.7
6.2
16.3
3.00
43.31
1.6%
5.2%
15%
184%
122.2
19.0
1.5
44.1
TOURISM
Asian Hotels & Properties Mar
Aitken Spence Hotel
Mar
442.78
336.29
31.9
25.0
72.00
74.20
629.8
523.8
1,774.5
1,034.1
2,150.6
1,395.3
2,458.9
1,795.0
2,764.1
2,415.8
1.4
1.6
4.0
3.1
4.9
4.1
5.6
5.3
6.2
7.2
52.7
47.6
18.7
24.1
14.8
17.9
13.0
13.9
11.5
10.3
2.00
0.00
2.8%
0.0%
14%
13%
33.8
33.1
2.1
2.2
MANUFACTURING
Chevron Lubricants
Tokyo (V)
Tokyo (NV)
Piramal Glass
Dec
Mar
Mar
Mar
120.00
202.50
101.25
950.09
27.0 225.00
5.1 25.20
1.9 18.90
6.0
6.30
1,501.3
369.3
369.3
(61.1)
2,000.6
855.7
855.7
578.7
2,286.6
973.2
973.2
686.4
2,175.3
1,456.0
1,456.0
891.2
2,150.3
1,505.0
1,505.0
948.2
12.5
1.2
1.2
(0.1)
16.7
2.8
2.8
0.6
19.1
3.2
3.2
0.7
18.1
4.8
4.8
0.9
17.9
5.0
5.0
1.0
18.0
20.7
15.5
N/A
13.5
8.9
6.7
10.3
11.8
7.9
5.9
8.7
12.4
5.3
3.9
6.7
12.6
5.1
3.8
6.3
9.00
1.00
1.00
0.36
4.0%
4.0%
5.3%
5.7%
63%
15%
15%
21%
26.3
20.7
20.7
3.4
8.5
1.2
0.9
1.9
Chemical &
Pharmaceutical
CIC Holdings (V)
CIC Holdings (NV)
Mar
Mar
72.90
21.87
94.77
65.00
50.20
589.6
589.6
926.6
926.6
916.5
916.5
820.0
820.0
1,405.2
1,405.2
6.2
6.2
9.8
9.8
9.7
9.7
.
8.7
8.7
14.8
14.8
10.4
8.1
6.6
5.1
6.7
5.2
7.5
5.8
4.4
3.4
3.20
3.20
4.9%
6.4%
12%
12%
77.5
77.5
0.8
0.6
2.7 106.00
1.7 73.00
1.8 56.00
376.1
146.7
323.2
837.7
409.3
667.8
681.5
374.6
438.6
823.7
404.7
569.3
892.1
454.4
620.9
15.0
6.2
10.1
33.5
17.2
20.9
27.3
15.8
13.7
32.9
17.0
17.8
35.7
19.1
19.4
7.0
11.8
5.5
3.2
4.2
2.7
3.9
4.6
4.1
3.2
4.3
3.1
3.0
3.8
2.9
7.50
4.50
2.00
7.1%
6.2%
3.6%
24%
24%
18%
115.6
65.8
77.2
0.9
1.1
0.7
8.9
1.0
243.1
243.1
852.7
852.7
930.3
930.3
968.0
968.0
1,185.1
1,185.1
0.6
0.6
2.2
2.2
2.4
2.4
2.5
2.5
3.1
3.1
42.3
29.4
12.1
8.4
11.1
7.7
10.6
7.4
8.7
6.0
1.50
1.50
5.6%
8.1%
15%
15%
19.1
17.5
1.4
1.1
PLANTATIONS
Kegalle Plantations
Mar
Namunukula Plantations Mar
Kotagala Plantations
Mar
Laugfs Gas (Voting)

Laugfs Gas (Non voting)
25.00
23.75
32.00
POWER & ENERGY

Mar
335.00
Mar
52.00
47.4
9.2
5.1
86.8
38.7
25.2
4,738.5
1,097.9
26.60
18.50
10,003.5
10,003.5
10,791.3
10,791.3
6,818.3
3,997.5
*Companies with their financial year ending in December would carry forecasted figure for FY12.
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
MARKET
FINANCIAL SERVICES
Banking
COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
DFCC BANK
HNB [V]
HNB [NV]
NATIONS TRUST BANK
NDB
PAN ASIA BANK
SAMPATH BANK
SEYLAN BANK [V]
SEYLAN BANK [NV]
HDFC
UNION BANK
Finance Co.s & / Merchant Banks
ASIA CAPITAL
ALLIANCE FINANCE
ARPICO FINANCE
CENTRAL FINANCE
NATION LANKA
LOLC
LB FINANCE
MERCHANT BANK
PEOPLE'S MERCHANT
SMB LEASING PLC [V]
SMB LEASING PLC [NV]
THE FINANCE
THE FINANCE[NV]
SOFTLOGIC FINANCE
PEOPLE'S FINANCE
VALLIBEL FINANCE
SINHAPUTRA
SINGER FINANCE
BIMPUTH LANKA INVESTMENTS
TRADE FINANCE
Year
End
Price
(LKR)
1W(%)
0.88
2.26
ASIA RESEARCH TEAM
Price Performance
1M(%)
1Q(%)
1.72
4.83
2.87
5.95
Shares
Mn
Trailing
ROE
BVPS
13.14%
13.51%
COMBN
COMBX
DFCCN
HNB N
HNB X
NTB N
NDB N
PABCN
SAMPN
SEYBN
SEYBX
HDFCN
UBC N
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
D
D
M
D
D
D
D
D
D
D
D
D
D
111.30
94.50
128.00
149.00
116.00
61.50
153.50
19.40
238.00
62.00
36.00
48.90
15.50
5.20
2.06
1.27
2.83
2.93
7.09
5.79
2.11
8.13
5.50
3.48
2.65
5.80
1.08
6.81
1.08
2.39
4.03
7.65
2.65
17.18
0.66
2.00
(3.92)
13.14
7.86
(1.05)
16.61
2.69
1.58
7.84
11.00
1.04
21.43
4.07
2.00
(13.73)
6.90
780.10
53.47
265.10
317.79
79.66
230.61
164.20
295.04
162.74
173.33
164.75
64.71
349.25
ACAPN
ALLIN
ARPIN
CFINN
CSF N
LOLCN
LFINN
MBSLN
PMB N
SEMBN
SEMBX
TFC N
TFC X
CRL N
SMLLN
VFINN
SFL N
SFINN
BLI N
TFILN
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
M
M
M
M
M
M
M
D
M
D
D
M
M
M
D
M
M
M
M
M
30.00
745.00
82.00
183.00
10.10
67.50
145.00
20.00
13.50
0.90
0.40
17.80
5.80
27.80
40.00
30.90
81.00
13.20
15.50
13.40
1.86
(3.53)
1.67
(0.74)
(0.90)
(0.74)
(1.67)
(0.71)
(1.48)
(3.49)
2.40
(1.48)
(14.36)
(1.48)
(0.66)
4.57
1.86
6.71
(5.66)
14.41
(4.87)
(0.50)
(8.78)
(10.00)
(20.00)
(6.84)
(9.38)
2.58
4.99
(2.25)
(5.70)
(4.32)
(18.42)
(0.75)
(0.99)
(0.77)
(3.53)
7.65
(2.91)
32.09
(5.62)
(13.04)
(14.01)
(10.00)
(16.51)
(15.94)
(6.71)
33.78
(17.62)
(6.79)
(10.14)
(42.59)
-
110.00
2.43
4.46
104.88
249.91
475.20
69.26
135.00
67.50
1,191.77
614.07
57.97
100.00
37.45
74.58
41.55
6.30
165.33
26.93
56.80
18.78%
18.78%
12.27%
16.25%
16.25%
19.02%
16.44%
19.69%
19.83%
11.84%
11.84%
10.33%
5.29%
17%
na
31.87%
13.11%
20.15%
na
19.06%
39.52%
3.33%
na
3.99%
3.99%
na
na
9.66%
20.07%
32.49%
7.85%
12.49%
7.19%
20.22%
61.40
61.40
98.48
111.06
111.06
41.57
112.61
13.10
148.23
56.91
56.91
36.25
15.20
6.92
633.06
88.53
140.53
1.74
43.37
65.30
22.06
13.20
0.53
0.53
-29.22
-29.22
29.77
25.18
18.61
123.96
10.85
8.93
10.82
Net Profits
4 Qtrs trailing
176,521.66
54,170.53
33,196.64
9,611.80
9,611.80
3,203.82
7,171.46
7,171.46
1,823.67
3,039.55
760.76
4,784.49
2,278.10
2,278.10
242.35
280.65
16,699.64
(553.02)
490.34
51.78
2,970.20
(289.83)
3,928.29
1,787.02
99.25
(149.66)
38.19
38.19
(981.80)
(981.80)
107.71
376.87
251.29
61.27
224.00
17.30
124.27
Sep'12
48,333.83
13,682.61
7,943.94
2,303.20
2,303.20
819.13
1,676.38
1,676.38
566.53
678.77
195.40
1,044.53
589.19
589.19
0.01
70.79
5,132.62
(145.25)
144.21
10.38
796.33
(81.05)
605.22
429.15
30.48
1.28
27.83
27.83
(357.76)
(357.76)
55.33
176.67
66.92
31.19
61.19
3.94
71.12
Net Profits (mn)

Jun12
Mar12
32,067.82 53,150.46
11,388.57 15,014.04
8,152.55
8,578.58
2,469.90
2,849.70
2,469.90
2,849.70
682.38
765.47
1,707.60
1,533.32
1,707.60
1,533.32
487.50
405.70
641.28
720.87
159.63
196.55
1,359.21
1,494.20
612.27
412.49
612.27
412.49
5.36
125.36
27.42
74.92
2,525.91
5,878.58
(139.98)
(72.52)
110.77
117.71
18.18
14.90
785.24
648.67
(100.43)
(80.37)
656.84
1,992.41
432.96
487.04
6.67
16.52
(36.87)
(110.23)
9.91
6.63
9.91
6.63
(393.92)
(212.61)
(393.92)
(212.61)
52.38
200.21
61.74
57.03
30.08
59.43
46.04
13.37
53.16
Dec11
43,081.79
14,230.58
8,521.56
1,989.00
1,989.00
936.83
2,254.16
2,254.16
363.94
998.63
209.19
886.54
664.15
664.15
111.62
107.52
3,307.81
(195.27)
117.65
8.33
739.97
(27.98)
673.82
437.87
45.57
(3.84)
(6.18)
(6.18)
(17.50)
(17.50)
65.60
57.34
14
Trailing
EPS
Trailing
PE
PBV
Market Cap
(mn)
12.73
10.39
1.67
1.40
2,247,589.20
11.53
11.53
12.09
18.04
18.04
7.91
18.51
2.58
29.40
6.74
6.74
3.75
0.80
9.7
8.2
10.6
8.3
6.4
7.8
8.3
7.5
8.1
9.2
5.3
13.1
19.3
1.8
1.5
1.3
1.3
1.0
1.5
1.4
1.5
1.6
1.1
0.6
1.3
1.0
86,825.09
5,053.27
33,932.50
47,351.07
9,240.33
14,182.35
25,204.99
5,723.80
38,731.33
10,746.67
5,930.88
3,164.34
5,413.38
na
201.78
11.60
28.32
na
8.27
25.80
0.74
na
0.02
0.02
na
na
2.88
5.05
6.05
9.73
1.35
0.64
2.19
na
3.7
7.1
6.5
na
8.2
5.6
27.2
na
42.6
18.9
na
na
9.7
7.9
5.1
8.3
9.7
24.1
6.1
4.3
1.2
0.9
1.3
5.8
1.6
2.2
0.9
1.0
1.7
0.8
-0.6
-0.2
0.9
1.6
1.7
0.7
1.2
1.7
1.2
3,300.00
1,810.35
365.93
19,193.65
2,524.12
32,076.00
10,042.29
2,700.00
911.25
1,072.59
245.63
1,031.80
580.00
1,041.22
2,983.08
1,283.91
509.97
2,182.40
417.47
761.13
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
CITIZENS DEVELOPMENT FINANCE

CITIZENS DEVELOPMENT FINANCE [NV]
SENKADAGALA FINANCE
SWARNAMAHAL FINANCE
CHILAW FINANCE LIMITED
COMMERCIAL CREDIT LIMITED
MERCANTILE INVESTMENTS
MULTI FINANCE
LANKA ORIX FINANCE
ABANS FINANCIAL SERVICES
CENTRAL INV & FINPLC
ASSOCIATED MOTOR FINANCE PLC
CAPITAL ALLIANCE FINANCE LIMITED
NANDA INVESTMENTS AND FINANCE
SOFTLOGIC CAPITAL LIMITED
ENTRUST
PEOPLES LEASING
ASIA ASSET FINANCE LIMITED
ORIENT FINANCIAL SERVICE
SANASA DEVELOPMENT BANK
COMMERCIAL LEASING & FINANCE
GEORGE STEUART FINANCE
Insurance
AMANA TAKAFUL INS.
ASIAN ALLIANCE
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
AVIVA NDB
HNB ASSURANCE
UNION ASSURANCE
JANASHAKTHI
Venture Capital Co.s
NDB CAPITAL
FIRST CAPITAL
LANKA VENTURES
Price Performance
1W(%)
1M(%)
(4.33)
(2.90)
(6.23)
6.06
(8.11)
(6.85)
1.35
(6.83)
(5.90)
(4.91)
(2.78)
(12.50)
(1.33)
4.52
(4.76)
(13.04)
0.25
(5.66)
(9.09)
(10.00)
9.38
2.94
(3.13)
(13.89)
(3.50)
(7.21)
(3.70)
(7.80)
(6.90)
(4.70)
(18.86)
(0.68)
(4.31)
5.56
(2.56)
(10.46)
4.17
ASIA RESEARCH TEAM
CDB N
CDB X
SFCLN
SFS N
CFL N
COCRN
MERCN
MFL N
LOFCN
AFSLN
CIFLN
AMF N
CALFN
NIFLN
SCAPN
ESL N
PLC N
AAF N
ORINN
SDB N
CLC N
GSF N
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
Year
End
M
42.00
M
30.10
M
50.00
M
3.50
M
13.60
M
15.00
M
2200.00
M
28.00
M
3.50
M
36.90
M
4.10
M
400.00
M
18.00
M
7.00
M
6.20
M
19.30
M
13.00
M
2.70
M
14.20
M
74.00
M
3.80
M
625.00
1Q(%)
9.95
(5.41)
(17.58)
(5.66)
(16.10)
(10.26)
(18.37)
(38.98)
7.69
(10.14)
2.66
7.44
(11.25)
(7.58)
(15.71)
Shares
Mn
46.30
8.01
53.37
500.00
29.66
218.07
3.01
22.46
2,800.00
37.00
83.43
5.61
38.77
100.72
299.20
33.00
1,560.00
559.47
115.63
25.18
6,377.71
22.50
Trailing
ROE
25.68%
25.68%
34.27%
26.83%
10.43%
61.41%
4.64%
0.12%
22.09%
13.82%
na
29.16%
5.69%
8.38%
na
1.48%
18.31%
7.88%
24.42%
9.91%
10.15%
7.24%
BVPS
45.67
45.67
33.57
1.01
10.86
5.70
1892.02
19.55
1.89
11.66
8.07
101.32
6.17
5.17
5.62
20.02
12.26
1.26
6.23
123.34
1.13
15.51
ATL N
AAICN
CINSN
CINSX
CTCEN
HASUN
UAL N
JINSN
DiriSaviB
DiriSaviB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
D
D
D
D
D
D
D
D
1.60
84.30
1000.00
320.00
305.00
52.00
87.00
11.00
(3.74)
11.11
3.23
0.83
4.00
1.85
(6.25)
(8.66)
7.53
(5.58)
(8.56)
4.00
-
(6.25)
(3.18)
15.18
(16.35)
0.39
(4.29)
0.92
1,000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00
na
2.21%
12.62%
12.62%
23.66%
21.28%
25.44%
16.56%
0.89
22.86
425.89
425.89
105.30
32.95
33.38
8.65
CDICN
CFVFN
LVENN
MainB
MainB
MainB
D
M
M
489.00
11.90
31.10
(3.76)
5.31
(2.50)
(5.68)
(1.65)
(5.45)
10.70
(6.30)
4.00
43.86
101.25
50.00
9.23%
na
24.17%
127.78
12.34
18.49
Net Profit
4Qtrs
636.84
636.84
613.96
135.82
33.60
763.07
264.15
0.52
1,171.41
59.63
(28.41)
165.68
13.61
43.67
(533.81)
9.75
3,502.00
55.44
175.89
307.79
730.30
25.25
3,715.04
(68.83)
18.90
1,419.35
1,419.35
747.30
350.57
727.80
519.94
559.21
516.98
(181.19)
223.41
Sep'12
148.50
148.50
178.10
71.65
12.42
270.32
416.78
(13.68)
543.10
27.55
(31.16)
73.79
5.77
12.26
(172.30)
56.55
806.00
36.00
88.62
65.36
594.70
15.12
384.35
160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13
Net
Jun'12
97.04
97.04
136.29
0.41
710.00
Profits
Mar'12
234.27
234.27
153.74
64.17
21.18
492.75
(152.64)
14.20
628.31
32.08
0.83
91.88
7.84
31.40
(361.51)
(46.80)
1,154.00
19.44
87.27
111.65
Dec'11
157.03
157.03
145.84
1.52
79.92
832.00
196.14
135.60
10.13
490.68
17.08
(25.82)
109.16
109.16
99.99
54.89
71.61
163.77
219.43
145.90
33.95
39.59
389.22
220.66
220.66
63.35
28.95
76.27
167.65
88.69
(73.30)
152.26
2,450.79
(85.91)
44.73
929.03
929.03
480.87
211.87
514.02
356.17
(49.58)
163.86
(214.88)
1.44
15
Trailing
EPS
11.73
11.73
11.50
0.27
1.13
3.50
87.87
0.02
0.42
1.61
0.00
29.54
0.35
0.43
Trailing
PE
3.6
2.6
4.3
12.9
12.0
4.3
25.0
1204.9
8.4
22.9
na
13.5
51.3
16.1
PBV
Mkt Cap Mn
0.9
0.7
1.5
3.5
1.3
2.6
1.2
1.4
1.8
3.2
0.5
3.9
2.9
1.4
2.24
0.10
1.52
na
0.11
1.12
5.8
27.2
9.3
na
33.2
556.9
1.1
2.1
2.3
na
3.4
40.3
1,944.57
240.98
2,668.40
1,750.00
403.43
3,271.12
6,613.20
628.94
9,800.00
1,365.30
342.05
2,243.34
697.79
705.02
1,855.04
636.90
20,280.00
1,510.57
1,641.88
1,862.97
24,235.30
14,062.50
53.73
53.73
24.91
7.01
8.49
1.43
18.6
6.0
12.2
7.4
10.2
7.7
2.3
0.8
2.9
1.6
2.6
1.3
1,600.00
3,161.25
20,000.00
2,052.63
9,150.00
2,600.00
7,457.14
3,993.00
11.79
na
4.47
41.5
na
7.0
3.8
1.0
1.7
21,445.10
1,204.88
1,555.00
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
Year
End
Price Performance
1W(%)
1M(%)
1.34
1.51
(1.34)
(2.20)
(0.33)
(0.06)
(5.00)
4.35
8.27
(2.05)
(1.66)
1.67
(1.18)
5.50
(41.87)
1.27
(45.39)
(6.72)
(11.28)
1.33
11.08
1.96
(7.27)
(0.85)
(0.14)
(2.70)
(5.76)
2.73
8.27
0.87
16.00
1.56
(0.34)
(1.20)
(6.99)
(2.04)
2.13
6.52
3.85
3.85
(2.19)
(1.47)
ASIA RESEARCH TEAM
1Q(%)
18.16
(6.25)
3.09
17.23
10.85
0.22
18.59
(51.38)
(52.52)
(19.15)
26.46
(0.04)
(2.37)
(6.49)
22.88
27.47
27.65
(12.92)
(4.00)
(1.61)
(3.57)
(5.63)
Shares
Mn
16.00
224.00
20.99
95.04
20.00
187.32
89.77
4.77
2.75
300.00
0.96
25.50
31.40
80.00
40.00
53.73
23.55
561.75
30.00
282.21
66.43
Trailing
ROE
28.33%
22.92%
11.56%
28.56%
32.18%
29.44%
179.64%
10.91%
10.91%
8.96%
15.46%
18.34%
7.89%
10.89%
22.90%
6.36%
93.78%
na
18.76%
8.22%
3.74%
6.54%
BVPS
100.50
34.22
136.74
77.17
372.76
24.20
15.31
15.31
98.07
133.86
614.26
57.77
21.45
68.66
53.41
52.59
35.18
3.41
21.92
2.66
7.48
Net Profit
4Qtrs
25,832.26
368.59
886.56
819.51
2,359.74
2,194.96
8,145.00
157.95
157.95
24.18
6,209.77
108.12
116.29
73.34
1,257.97
135.79
2,649.72
(149.28)
359.35
54.07
28.12
32.51
Sep'12
6,377.65
18.50
81.07
169.09
179.40
456.20
2,300.00
39.80
39.80
3.90
1,616.60
22.33
4.97
16.12
314.53
78.55
798.13
3.57
198.72
30.62
20.02
25.54
Net
Jun'12
6,001.66
50.08
245.79
151.14
250.90
427.46
2,405.00
36.79
36.79
(0.17)
1,461.80
19.49
15.23
27.34
313.42
43.98
784.17
(254.68)
Profits
Mar'12
8,265.38
149.99
322.24
92.39
1,546.06
834.87
1,489.0
18.61
18.61
5.43
2,857.87
42.74
45.00
7.95
186.85
(36.49)
461.82
64.81
160.62
0.56
8.10
6.98
Dec'11
5,187.57
150.03
237.46
406.88
383.38
476.43
1,951.00
62.75
62.75
15.02
273.50
23.57
51.09
21.93
443.18
49.75
605.60
37.03
BEVERAGE FOOD AND TOBACCO

BAIRAHA FARMS
CARGILLS
CEYLON BREWERY
CEYLON COLD STORES
CEYLON TEA SERVICES
CEYLON TOBACCO
RENUKA SHAW WALLACE (N)
RENUKA SHAW WALLACE [NV]
CONVENIENCE FOOD
DISTILLERIES
HARISCHANDRA MILLS
KEELLS FOOD PRODUCTS
KOTMALE HOLDINGS
LION BREWERY
LANKA MILK FOODS
NESTLE LANKA
THREE ACRE FARMS
RENUKA AGRI
TEA SMALLHOLDERS
RAIGAM WAYAMBA SALTERNS LTD
HVA FOODS
BFL N
CARGN
BREWN
CCS N
CTEAN
CTC N
COCON
COCOX
SOY N
DISTN
HARIN
KFP N
LAMBN
LIONN
LMF N
NESTN
TAFLN
RAL N
TSMLN
RWSLN
HVA N
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
D
D
M
M
M
M
147.00
150.00
475.00
144.00
650.00
839.00
21.10
16.00
125.00
183.60
2499.00
70.00
36.00
319.50
116.00
1625.00
49.50
4.80
49.00
2.70
13.30
CHEMICALS & PHARMACEUTICALS

CHEMANEX
CHEMICAL INDUSTRIES [V]
CHEMICAL INDUSTRIES [NV]
HAYCARB
INDUSTRIAL ASPHALTS
J.L. MORISON [V]
J.L. MORISON [NV]
LANKEM CEYLON
SINGALANKA
MULLERS
UNION CHEMICALS
PC PHARMA
CHMXN
CIC N
CIC X
HAYCN
ASPHN
MORIN
MORIX
LCEYN
SINGN
MULLN
UCARN
PCP N
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
M
M
M
M
M
M
M
M
M
M
D
80.00
65.00
50.20
180.20
208.00
170.00
115.00
162.00
94.70
1.60
460.00
10.00
(0.82)
(3.85)
(2.99)
(3.46)
(2.07)
5.26
(7.51)
9.52
3.71
5.04
(5.88)
9.89
(1.01)
5.26
1.56
(7.55)
1.24
(7.56)
(12.78)
(0.86)
(4.71)
(0.22)
(5.88)
(7.82)
4.17
(5.88)
(5.66)
(14.47)
(10.68)
5.44
(18.27)
(11.23)
(4.17)
(4.71)
(11.55)
(11.11)
(9.98)
(3.85)
15.75
72.90
21.87
29.71
0.67
5.81
1.74
24.00
5.54
283.00
1.50
101.00
9.68%
1.44%
7.70%
7.70%
19.00%
3.70%
10.23%
10.23%
9.78%
5.88%
28.10%
17.11%
24.28%
80.60
76.36
76.36
123.20
106.71
252.97
252.97
153.92
54.16
0.61
192.15
2.73
2,012.42
18.22
556.91
556.91
695.61
2.63
195.34
195.34
361.44
17.64
48.41
49.31
66.90
395.29
9.86
48.63
48.63
243.24
0.47
36.52
36.52
(11.17)
27.83
13.43
5.94
20.54
127.64
(6.14)
(17.32)
(17.32)
179.15
0.55
25.17
25.17
(72.66)
(3.21)
8.74
13.37
470.74
(8.49)
155.61
155.61
132.72
1.11
81.41
81.41
42.27
(13.77)
19.06
14.47
46.36
1,018.75
22.99
369.99
369.99
140.50
0.51
52.24
52.24
403.01
6.79
7.19
15.53
na
CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED
DOCKN
LDEVN
KAPIN
AEL N
MainB
MainB
MainB
MainB
D
M
M
M
227.00
6.90
26.00
20.00
(0.19)
(2.16)
(4.29)
1.52
3.23
0.67
(8.22)
(7.14)
7.53
0.18
(0.35)
(16.25)
(6.14)
2.04
71.86
60.00
114.36
1,000.00
13.65%
21.91%
na
1.47%
14.11%
140.53
14.02
31.79
11.18
3,514.74
2,212.59
(329.17)
53.54
1,577.79
1,218.16
343.17
(26.82)
89.54
812.27
420.13
450.98
18.04
(48.89)
1,159.69
745.17
(250.85)
(100.14)
765.52
716.77
673.27
(69.54)
113.03
23.92
(1.03)
16
Trailing
EPS
PBV
Mkt Cap Mn
23.04
3.96
39.05
24.83
109.75
43.48
1.67
1.67
8.79
20.70
112.65
4.56
2.34
15.72
3.39
49.32
na
0.64
1.80
0.10
0.49
Trailing
PE
16.67
6.4
37.9
12.2
5.8
5.9
19.3
12.6
9.6
14.2
8.9
22.2
15.3
15.4
20.3
34.2
32.9
na
7.5
27.2
27.1
27.2
4.72
1.5
4.4
3.5
1.9
1.7
34.7
1.4
1.0
1.3
1.4
4.1
1.2
1.7
4.7
2.2
30.9
1.4
1.4
2.2
1.0
1.8
2,352.00
33,600.00
9,969.34
13,685.76
13,000.00
157,164.63
1,894.18
76.37
343.75
55,080.00
2,398.54
1,785.00
1,130.40
25,560.00
4,639.77
87,303.88
1,165.48
2,696.40
1,470.00
761.96
883.50
1.16
5.88
5.88
23.41
3.95
25.87
25.87
15.06
3.18
0.17
32.87
0.66
10.11
69.2
11.1
8.5
7.7
52.6
6.6
4.4
10.8
29.7
9.4
14.0
15.1
0.98
1.0
0.9
0.7
1.5
1.9
0.7
0.5
1.1
1.7
2.6
2.4
3.7
1,260.00
4,738.50
1,097.87
5,354.17
138.64
987.41
200.39
3,888.00
524.72
452.80
690.00
1,010.00
30.79
na
0.47
1.58
11.30
7.4
na
55.5
12.7
1.54
1.6
0.5
0.8
1.8
16,311.98
414.00
2,973.29
20,000.00
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
Year
End
DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
CEYLON THEATRES
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
FREE LANKA CAPITAL HOLDINGS
VALLIBEL ONE LIMITED
BROWNS INVESTMENTS PLC
PCH HOLDINGS LIMITED
TAPROBANE HOLDINGS
SPENN
CARSN
CTHRN
CFLBN
JFINN
HAYLN
HHL N
JKH N
CSECN
RICHN
SUN N
SHL N
EXPON
FLCHN
VONEN
BIL N
PCHHN
TAP N
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
126.10
456.00
134.10
32.70
316.20
300.00
28.50
230.00
12.50
7.60
27.00
11.50
7.00
2.50
17.60
3.50
7.00
4.80
FOOTWEAR AND TEXTILES

CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL
CLPLN
MGT N
KURUN
ODELN
MainB
MainB
MainB
DiriSaviB
M
M
M
M
73.90
11.40
20.20
22.20
HOTELS AND TRAVELS

City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
HOTEL DEVELOPERS
HOTEL SERVICES
RENUKA CITY HOTEL
TAJ LANKA
TRANS ASIA
AHPLN
GHLLN
HDEVN
SERVN
RENUN
TAJ N
TRANN
MainB
MainB
DefaultB
MainB
MainB
MainB
MainB
M
D
M
M
M
M
M
72.00
13.40
94.80
16.40
240.00
28.50
77.00
Price Performance
1W(%)
1M(%)
(0.05)
2.06
2.18
4.54
1.33
3.87
(6.88)
4.77
(0.61)
(5.22)
12.93
0.98
0.33
0.72
(0.71)
0.04
2.54
1.63
4.17
(3.75)
(1.28)
1.89
(3.57)
(2.54)
4.17
(3.85)
(2.22)
(5.38)
(10.26)
(4.11)
(6.67)
(4.00)
ASIA RESEARCH TEAM
Shares
Mn
1Q(%)
2.64
(1.02)
3.17
1.13
(9.17)
15.07
(0.33)
(2.44)
7.53
(6.10)
(6.25)
6.48
(4.11)
(8.81)
(2.78)
(25.53)
(2.04)
406.00
196.39
183.10
180.00
35.00
75.00
515.29
852.43
123.00
1,939.24
133.33
779.00
1,954.92
1,368.00
1,086.56
1,860.00
252.00
732.95
34.23
152.34
25.00
272.13
(0.74)
(6.46)
3.64
0.50
0.45
1.81
(7.18)
(5.79)
8.82
(1.23)
(10.84)
8.57
(9.01)
(3.90)
(1.39)
(1.38)
(5.29)
(5.26)
(0.74)
(0.61)
3.94
(1.72)
(0.13)
(2.70)
(3.60)
(4.09)
0.29
(4.04)
1.32
(14.29)
(5.63)
2.50
(1.23)
(5.63)
(7.12)
Trailing
ROE
10.98%
15.23%
7.46%
8.41%
18.20%
6.27%
5.65%
13.20%
14.56%
na
30.85%
21.45%
2.54%
12.14%
5.37%
6.07%
1.41%
79.92%
-5.59%
2.25%
na
na
9.33%
BVPS
63.82
164.94
68.89
32.11
154.18
250.97
21.24
87.83
8.97
3.52
22.76
10.03
4.48
4.85
28.07
5.85
6.26
3.35
Net Profit
4Qtrs
29,254.31
3,947.22
2,418.12
1,060.36
1,051.63
338.44
1,063.14
1,444.73
10,900.49
(249.73)
2,107.10
651.09
198.30
1,062.91
356.68
1,850.83
152.88
1,261.38
(361.28)
Sep'12
7,122.60
731.41
874.90
147.06
7.14
82.13
372.48
387.78
2,411.73
20.37
569.53
98.31
133.57
299.27
203.23
796.53
21.70
(52.17)
17.62
87.18
12.51
34.72
7.25
(432.25)
67.26
(653.37)
(30.11)
183.97
33.03
3.00
na
6.96
310.30
15.88
26.05
6,973.81
2,600.56
2,464.92
(846.04)
na
(389.53)
393.24
168.10
809.87
7.97%
442.78
182.43
45.23
176.00
7.00
139.64
200.00
16.86%
na
na
na
18.10%
7.58%
15.54%
Net
Jun'12
4,201.60
640.57
(93.01)
196.16
180.99
89.88
219.08
334.33
1,658.72
(9.59)
445.54
184.14
71.01
283.79
Profits
Mar'12
11,832.86
1,756.50
1,383.67
439.74
385.72
83.71
178.40
372.08
4,096.65
(73.92)
481.07
243.30
(74.14)
286.48
153.45
1,054.31
131.18
1,313.55
(378.90)
(29.84)
16.60
(85.11)
(65.46)
104.14
(60.71)
27.38
(41.65)
(46.45)
(236.86)
(15.42)
(369.86)
68.59
79.84
(104.84)
38.70
(156.75)
13.21
1,971.84
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40
551.82
268.53
406.75
(323.10)
na
(96.74)
104.28
23.20
154.14
2,591.99
504.87
970.15
(663.02)
1,858.16
677.89
522.66
(199.69)
(199.64)
118.47
6.73
272.18
13.25
123.89
50.64
167.15
Dec'11
6,097.25
818.74
252.55
277.40
477.78
82.72
293.18
350.54
2,733.40
(186.59)
610.96
125.33
67.86
193.37
17
Trailing
EPS
9.72
12.31
5.79
5.84
9.67
14.18
2.80
12.79
na
1.09
4.88
0.25
0.54
0.26
1.70
0.08
5.01
Trailing
PE
16.83
13.0
37.0
23.2
5.6
32.7
21.2
10.2
18.0
na
7.0
5.5
45.2
12.9
9.6
10.3
42.6
1.4
1.96
na
na
0.68
na
37.6
na
na
32.8
1.40
0.8
0.9
0.6
3.1
21.69
1.73
12.9
na
na
na
4.3
23.7
19.0
2.2
4.5
na
2.4
0.8
1.8
3.0
5.57
na
na
na
56.18
1.20
4.05
PBV
Mkt Cap Mn
1.85
2.0
2.8
1.9
1.0
2.1
1.2
1.3
2.6
1.4
2.2
1.2
1.1
1.6
0.5
0.6
0.6
1.1
1.4
51,196.10
89,552.43
24,553.34
5,886.00
11,067.00
22,500.00
14,685.78
196,057.81
1,537.46
14,738.21
3,600.00
8,958.50
13,684.41
3,420.00
19,123.44
6,510.00
1,764.00
3,518.16
2,529.88
1,736.71
505.00
6,041.27
31,879.82
2,444.62
4,287.43
2,886.40
1,680.00
3,979.67
15,400.00
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
Year
End
Price Performance
1W(%)
1M(%)
ASIA RESEARCH TEAM
Shares
Mn
Trailing
ROE
BVPS
1Q(%)
Resort Hotels
AIT. SPENCE HOTEL HOLD.
AMAYA LEISURE
BROWNS BEACH HOTELS
CEYLON HOTELS CORP.
PALM GARDEN HOTEL
BERUWALA WALK INN
EDEN HOTELS
HOTEL SIGIRIYA
HUNAS FALLS
KANDY HOTELS
JOHN KEELLS HOTELS
LIGHT HOUSE HOTEL
MIRAMAR
MAHAWELI REACH
NUWARA ELIYA
PEGASUS
CITRUS LEISURE
ROYAL PALMS
SIGIRIYA VILLAGE
DOLPHIN HOTELS
TANGERINE
SERENDIB HOTELS [V]
SERENDIB HOTELS [NV]
MARAWILA RESORTS
FORTRESS RESORTS
KALPITIYA BEACH RESORT
WASKADUWA BEACH RESORT
BERUWALA RESORTS
HIKKADUWA BEACH RESORT
AHUNN
CONNN
BBH N
CHOTN
PALMN
BINNN
EDENN
HSIGN
HUNAN
KHC N
KHL N
LHLN
MIRAN
MRH N
NEH N
PEG N
REEFN
RPBHN
SIGVN
STAFN
TANGN
SHOTN
SHOTX
MARAN
RHTLN
CITKN
CITWN
BERUN
CITHN
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DefaultB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
DiriSaviB
M
M
M
M
M
D
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
74.20
85.00
19.30
20.90
125.00
74.90
34.10
81.20
59.50
9.90
13.70
43.00
82.00
20.80
1399.00
41.00
23.40
42.80
67.00
35.90
80.00
23.40
18.70
6.90
16.00
6.40
6.10
2.40
21.00
2.92
2.29
(4.50)
(0.48)
(2.64)
(5.19)
(3.67)
0.12
4.20
(2.00)
(0.72)
(8.51)
(8.79)
(2.80)
(1.20)
0.42
0.71
(4.96)
(0.83)
(1.23)
(6.40)
(1.06)
(2.82)
(3.13)
(3.17)
(3.85)
(4.76)
0.14
6.25
3.24
(1.42)
(13.07)
7.00
(2.57)
1.00
(0.67)
5.38
(0.72)
(4.87)
(13.32)
1.46
(3.50)
5.13
(7.72)
(7.56)
(9.34)
(0.28)
(4.76)
(2.50)
(1.58)
(5.48)
(3.03)
(10.14)
(4.69)
(7.41)
(8.26)
2.92
1.19
(9.05)
(6.28)
(18.05)
(7.19)
1.49
6.56
(0.50)
(2.97)
3.79
(6.52)
(20.39)
1.46
(0.07)
(2.15)
(16.14)
(21.18)
(10.67)
(6.05)
6.67
(7.87)
(8.33)
(12.66)
(6.98)
(17.33)
(12.86)
(7.41)
-
336.29
48.03
129.60
171.83
14.29
0.90
52.80
5.86
5.63
577.50
1,456.15
46.00
2.75
47.07
2.00
30.39
96.48
50.00
9.00
31.62
20.00
75.51
36.01
122.50
110.89
161.20
155.60
600.00
57.57
14.14%
15.87%
5.00%
0.17%
na
na
12.03%
24.04%
23.05%
2.33%
8.42%
5.55%
na
6.41%
11.47%
8.05%
0.33%
9.38%
8.47%
14.09%
6.86%
4.89%
4.89%
3.84%
19.93%
na
2.72%
2.28%
na
33.73
47.40
26.16
34.30
84.77
na
29.44
38.16
19.29
9.99
9.31
50.58
na
19.02
1078.46
44.11
25.35
28.84
58.05
28.00
101.07
14.09
14.09
7.07
7.07
10.34
10.44
0.93
na
Net Profit
4Qtrs
4,373.25
1,604.23
361.41
169.64
9.77
(521.32)
(12.85)
187.02
53.75
25.01
134.21
1,140.90
129.04
na
57.35
247.84
107.88
8.16
135.19
44.27
124.79
138.72
76.85
76.85
33.28
156.21
(94.89)
44.13
12.67
-
INVESTMENT TRUST
ASCOT HOLDINGS
CEYLON GUARDIAN
CEYLON INVESTMENT
COLOMBO FORT INV.
COLOMBO INV. TRUST
LEE HEDGES
RENUKA HOLDINGS [V]
RENUKA HOLDINGS [NV]
GUARDIAN CAPITAL
ASCON
GUARN
CINVN
CFIN
CIT N
SHAWN
RHL N
RHL X
WAPON
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
M
M
M
M
M
M
M
M
M
162.00
175.50
84.10
110.00
121.00
251.90
35.00
24.00
47.10
0.38
(1.82)
(1.41)
4.76
3.58
(3.35)
(0.24)
(6.04)
0.84
(5.03)
(0.79)
(10.00)
(4.62)
2.33
2.80
(26.31)
(8.40)
(7.57)
(2.04)
(6.35)
0.07
(9.65)
0.23
(0.18)
(6.92)
(10.99)
(6.30)
(10.78)
(12.75)
7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83
1.57%
na
1.72%
1.75%
5.70%
8.22%
na
10.68%
10.68%
na
70.87
168.92
82.28
45.38
33.31
443.37
42.40
42.40
20.66
439.03
(10.10)
238.67
142.07
16.82
17.79
(128.23)
230.68
230.68
(68.67)
Sep'12
822.58
227.60
110.82
50.60
9.60
(22.15)
(4.79)
26.23
16.50
11.17
50.60
116.49
12.10
na
19.53
107.56
17.60
4.60
16.97
12.15
30.00
17.68
40.75
40.75
(5.30)
35.35
(49.51)
12.14
(41.72)
539.00
22.47
324.44
148.66
10.50
12.18
(38.57)
47.90
47.90
11.42
Net
Jun'12
283.29
171.51
53.47
45.04
(25.93)
(121.80)
(16.59)
15.11
7.77
7.70
26.87
40.36
14.29
na
1.01
36.72
21.23
(22.02)
(1.24)
(1.26)
26.49
9.34
(4.78)
(4.78)
Profits
Mar'12
2,087.12
697.77
113.77
40.99
34.36
(328.80)
(66.85)
95.93
17.99
3.52
40.41
698.09
78.80
na
26.79
78.94
41.02
80.57
85.46
16.21
39.73
69.10
22.89
22.89
38.58
120.86
(45.38)
31.99
54.38
(156.22)
31.09
(77.01)
(53.46)
2.48
3.30
(36.99)
30.34
30.34
(55.97)
233.09
(45.24)
112.90
112.93
1.66
1.16
(30.39)
91.84
91.84
(11.77)
Dec'11
1,180.27
507.35
83.35
33.01
(8.26)
(48.57)
75.38
49.75
11.49
2.62
16.33
285.96
23.85
10.02
24.62
28.03
(54.99)
34.00
17.17
28.57
42.60
17.99
17.99
(176.84)
(18.42)
(121.66)
(66.06)
2.18
1.15
(22.28)
60.60
60.60
(12.35)
18
Trailing
EPS
Trailing
PE
PBV
Mkt Cap Mn
4.77
7.52
1.31
0.06
na
na
3.54
9.17
4.45
0.23
0.78
2.81
na
1.22
123.68
3.55
0.08
2.70
4.92
3.95
6.94
0.69
0.69
0.27
1.41
na
0.28
0.02
15.6
11.3
14.7
367.6
na
na
9.6
8.9
13.4
42.6
17.5
15.3
na
17.1
11.3
11.6
276.6
15.8
13.6
9.1
11.5
34.0
27.1
25.4
11.4
na
21.5
113.7
2.2
1.8
0.7
0.6
1.5
na
1.2
2.1
3.1
1.0
1.5
0.9
na
1.1
1.3
0.9
0.9
1.5
1.2
1.3
0.8
1.7
1.3
1.0
2.3
0.6
0.6
2.6
24,952.72
4,082.91
2,501.28
3,591.15
1,786.38
67.41
1,800.48
475.75
334.69
5,717.25
19,949.21
1,978.00
225.50
978.98
2,803.41
1,246.05
2,257.57
2,140.00
603.00
1,135.21
1,600.00
1,767.04
673.41
845.25
1,774.19
1,031.68
949.16
1,440.00
na
2.91
1.44
2.59
2.74
na
4.53
4.53
na
67.67
na
60.4
58.3
42.5
44.2
na
7.7
5.3
na
1.06
2.3
1.0
1.0
2.4
3.6
0.6
0.8
0.6
2.3
1,293.65
14,407.97
8,285.10
715.00
786.50
1,289.87
1,558.11
154.28
1,216.77
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
LAND AND PROPERTY

C T LAND
CARGO BOAT
CEYLINCO HOUSING
CEYLINCO SEYLAN
COLOMBO LAND
COMMERCIAL DEVELOP.
EAST WEST
EQUITY ONE
EQUITY TWO
HUEJAY
KELSEY DEVELOPMENTS
ON'ALLY HOLDINGS
OVERSEAS REALTY
PROPERTY DEVELOPMENT
SERENDIB LAND
YORK ARCADE
INFRASTRUCTURE
TOUCHWOOD
CTLDN
CABON
CHOUN
CSD N
CLNDN
COMDN
EASTN
EQITN
ETWON
HUEJN
KDL N
ONALN
OSEAN
PDL N
SLNDN
YORKN
IDL N
TWODN
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
Year
End
M
M
M
M
D
D
M
M
M
M
M
M
D
D
M
M
M
M
27.90
88.00
14.70
9.40
34.00
73.30
14.90
31.20
26.60
74.50
15.00
53.00
14.10
43.20
1500.00
16.00
164.90
7.90
Price Performance
1W(%)
1M(%)
(0.96)
(2.64)
(2.17)
4.23
3.78
6.38
(1.34)
(3.92)
1.09
(1.06)
(1.17)
(5.06)
13.64
9.40
2.07
(1.99)
(7.69)
4.00
(2.92)
(1.12)
(6.76)
(6.76)
(3.85)
(2.60)
(4.50)
(8.15)
(2.08)
(5.68)
(4.00)
0.38
(11.66)
(3.61)
(10.61)
(0.06)
(2.02)
(4.76)
(13.98)
ASIA RESEARCH TEAM
1Q(%)
(4.37)
11.98
(5.44)
(8.13)
(4.12)
(6.89)
10.56
(3.90)
(4.00)
0.38
(2.49)
(8.54)
(7.02)
(0.70)
(14.96)
(21.05)
(11.60)
14.51
(51.22)
Shares
Mn
48.75
10.20
13.38
147.96
199.88
12.00
138.24
40.32
31.00
1.80
17.43
17.50
843.48
66.00
0.36
12.00
6.48
106.91
Trailing
ROE
10.28%
10.99%
12.28%
46.91%
0.44%
na
31.32%
0.41%
5.85%
7.10%
na
na
4.78%
13.50%
15.26%
14.86%
14.40%
0.18
0.13
BVPS
49.62
74.74
13.27
30.28
18.22
85.15
9.61
38.75
17.77
na
4.69
65.36
23.48
32.16
642.34
9.89
21.78
29.39
Net Profit
4Qtrs
4,391.72
265.73
93.58
83.31
19.93
(19.30)
320.07
5.39
91.45
39.11
(4.72)
(36.92)
54.73
2,674.92
324.02
34.37
17.09
25.27
403.68
Sep'12
685.54
38.52
27.20
31.77
26.80
(5.10)
17.89
18.58
6.91
(0.09)
1.00
(9.95)
17.48
273.58
87.96
2.79
2.65
22.26
125.30
Net
Jun'12
271.68
39.19
24.39
25.67
23.25
(8.60)
3.94
(6.15)
6.63
0.17
(1.20)
(20.32)
18.23
94.27
66.70
2.21
3.31
Profits
Mar'12
748.89
154.43
12.60
6.07
25.09
(1.80)
13.03
(2.37)
69.80
38.33
(2.93)
(2.13)
5.10
40.33
76.51
28.24
7.20
3.02
278.38
Dec'11
2,685.61
33.60
29.39
19.80
(55.20)
(3.81)
285.20
(4.67)
8.12
0.70
(1.59)
(4.51)
13.92
2,266.75
92.85
1.13
3.93
19
Trailing
EPS
5.45
9.17
6.23
0.13
na
26.67
0.04
2.27
1.26
na
na
3.13
3.17
4.91
95.46
1.42
3.90
3.78
Trailing
PE
8.08
5.1
9.6
2.4
69.8
na
2.7
382.2
13.8
21.1
na
na
16.9
4.4
8.8
15.7
11.2
42.26
2.09
PBV
Mkt Cap Mn
0.83
0.6
1.2
1.1
0.3
1.9
0.9
1.5
0.8
1.5
na
3.2
0.8
0.6
1.3
2.3
1.6
7.6
0.3
1,360.13
897.60
196.68
1,390.87
6,795.95
879.60
2,059.78
1,258.04
824.60
134.10
261.44
927.54
11,893.13
2,851.20
540.00
192.00
1068.00
844.55
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
MANUFACTURING
ABANS
ACL CABLES
ACL PLASTICS
ACME
ALUFAB
BLUE DIAMONDS [V]
BLUE DIAMONDS [NV]
BOGALA GRAPHITE
CENTRAL INDUSTRIES
GRAIN ELEVATORS
CHEVRON LUBRICANTS
DANKOTUWA
DIPPED PRODUCTS
HAYLEYS FIBRE
KELANI CABLES
KELANI TYRES
LANKA ALUMINIUM
LANKA CEMENT
LANKA CERAMIC
LANKA FLOORTILES
LANKA WALLTILES
LAXAPANA
SWISSTEK (CEYLON) PLC
PELWATTE SUGAR
PIRAMAL GLASS
PRINT CARE
REGNIS
RICH PIERIS EXPORTS
ROYAL CERAMICS
SAMSON INTERNATIONAL
SINGER INDUSTRIES
SWADESHI
TOKYO CEMENT [V]
TOKYO CEMENT [NV]
SIERRA CABLES
TEXTURED JERSEY
AGSTAR FERTILIZERS LIMITED
AGSTAR FERTILIZERS LIMITED
ORIENT GARMENTS
ABANN
ACL N
APLAN
ACMEN
ALUFN
BLUEN
BLUEX
BOGAN
CINDN
GRANN
LLUBN
DPL N
DIPDN
HEXPN
KCABN
TYREN
LALUN
LCEMN
CERAN
TILEN
LWL N
LITEN
PARQN
SUGAN
GLASN
CAREN
REG N
REXPN
RCL N
SIL N
SININ
SWADN
TKYON
TKYOX
SIRAN
TJL N
AGSTN
AGSTX
OGL N
MainB
MainB
MainB
MainB
DefaltB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
DiriSaviB
Year
End
M
M
M
M
M
M
M
D
M
D
D
D
M
M
M
M
M
D
M
M
M
M
M
M
M
M
D
M
M
M
D
M
M
M
M
M
M
M
M
97.00
66.00
94.50
14.00
21.00
4.00
1.80
24.00
66.20
52.50
225.00
17.50
116.00
30.00
68.10
34.00
32.50
9.70
67.20
66.60
60.00
6.40
16.40
23.50
6.30
31.50
59.10
35.00
100.00
91.90
132.10
8200.00
25.20
18.90
2.50
10.00
6.00
15.00
12.00
Price Performance
1W(%)
1M(%)
2.17
2.46
2.97
(0.31)
(2.94)
(3.23)
(0.63)
(5.31)
(3.45)
(6.04)
(2.78)
(2.33)
5.26
(2.44)
(5.56)
(3.61)
(6.61)
(1.19)
(1.93)
0.57
(7.73)
4.41
7.10
3.51
4.73
7.41
6.42
(6.83)
(3.23)
(2.85)
(1.16)
(5.82)
(7.14)
(12.16)
3.19
3.19
11.07
1.82
2.15
(0.75)
2.92
(3.03)
(7.25)
8.00
12.50
1.61
5.00
8.25
5.00
1.18
0.50
3.24
4.17
0.81
5.15
(1.18)
8.12
(5.64)
(6.97)
(6.67)
(6.67)
(0.53)
(1.05)
(7.69)
6.45
8.79
(4.76)
(4.00)
(12.41)
ASIA RESEARCH TEAM
1Q(%)
1.82
(0.31)
(3.93)
(5.69)
(8.50)
(11.02)
(11.11)
(5.56)
(14.29)
(3.22)
(9.95)
12.73
(2.75)
11.54
3.45
(6.46)
(5.29)
(8.45)
(6.73)
5.00
3.75
(5.51)
(8.57)
8.72
3.28
(1.56)
(11.14)
8.70
(0.60)
(3.16)
(14.50)
(10.95)
(1.05)
(11.11)
13.79
(17.81)
(24.05)
Shares
Mn
4.26
59.89
4.21
25.61
12.06
103.30
153.37
47.32
9.88
60.00
120.00
72.25
59.86
8.00
21.80
80.40
13.70
173.51
30.00
53.05
54.60
39.00
27.37
67.98
950.09
85.97
11.27
11.16
110.79
3.85
3.85
0.13
202.50
101.25
537.51
655.00
307.53
17.47
54.92
Trailing
ROE
17.08%
18.70%
9.47%
9.76%
na
0.60%
na
na
20.44%
12.41%
14.56%
54.83%
4.63%
16.06%
4.72%
13.53%
27.70%
3.53%
na
16.15%
23.95%
17.19%
na
5.58%
na
21.94%
21.67%
13.36%
418.12%
22.71%
16.36%
0.83%
8.98%
9.28%
9.28%
na
13.11%
13.81%
13.81%
6.97%
BVPS
112.90
87.32
136.90
19.71
21.36
1.16
1.16
4.30
90.93
48.75
34.62
10.61
95.48
43.65
93.01
18.95
43.21
na
84.16
53.13
75.06
3.60
21.17
na
3.44
14.24
51.54
2.80
69.64
97.97
207.24
819.37
19.92
19.92
3.29
8.55
6.64
116.93
11.87
Net Profit
4Qtrs
11,414.25
89.91
495.11
56.28
(43.49)
1.53
(45.82)
(45.82)
41.62
111.57
425.89
2,277.70
35.49
917.70
16.48
274.35
422.04
20.90
(16.48)
407.75
675.09
704.44
(96.59)
32.31
na
716.80
265.23
77.57
130.68
1,752.25
61.66
6.62
9.62
561.29
561.29
(33.51)
734.57
282.24
282.24
45.45
Sep'12
2,829.13
50.92
81.21
1.28
(25.48)
0.24
0.24
16.88
30.98
(34.78)
521.99
31.20
345.02
6.92
57.21
130.24
(6.86)
(4.22)
90.02
159.02
151.07
(40.30)
2.09
265.13
60.27
7.44
51.63
420.40
13.74
0.56
(3.24)
175.57
175.57
(8.75)
156.7
125.04
125.04
(23.20)
Net
Jun'12
2,253.83
8.04
118.11
26.77
(13.30)
3.06
(21.41)
(21.41)
27.99
21.22
395.95
533.17
23.67
285.68
7.21
60.82
81.06
13.76
(4.50)
(16.65)
54.00
(15.79)
(4.76)
(17.71)
Profits
Mar'12
3,458.80
25.14
193.97
22.04
35.55
4.97
(0.85)
(0.85)
(15.02)
34.73
0.58
661.10
(3.44)
136.35
9.36
107.88
123.73
13.92
(4.93)
193.52
321.62
387.08
(41.84)
39.41
148.94
70.28
18.03
36.29
260.77
12.76
1.87
(14.07)
(19.99)
(19.99)
0.63
171.94
97.76
67.34
38.73
27.23
475.37
29.92
2.93
13.42
130.24
130.24
(44.86)
218.66
157.20
157.20
68.65
Dec'11
2,836.32
5.81
101.83
6.19
(40.27)
2.78
(23.79)
(23.79)
11.76
24.65
64.14
561.44
(15.94)
150.65
(7.00)
48.45
87.02
0.08
(2.83)
140.86
140.45
182.07
(9.69)
8.52
204.97
67.34
13.37
15.54
595.71
5.24
1.27
13.51
275.47
275.47
19.46
187.27
20
Trailing
EPS
21.11
8.27
13.36
na
0.13
na
na
0.88
11.29
7.10
18.98
0.49
15.33
2.06
12.59
5.25
1.53
na
13.59
12.73
12.90
na
1.18
na
0.75
3.09
6.88
11.71
15.82
16.02
1.72
0.05
1.85
1.85
na
1.12
0.92
16.15
0.83
Trailing
PE
9.14
4.6
8.0
7.1
na
165.2
na
na
27.3
5.9
7.4
11.9
35.6
7.6
14.6
5.4
6.5
21.3
na
4.9
5.2
4.7
na
13.9
na
8.4
10.2
8.6
3.0
6.3
5.7
76.7
172760.0
13.6
10.2
na
8.9
6.5
0.9
14.5
PBV
Mkt Cap Mn
1.56
0.9
0.8
0.7
0.7
1.0
3.4
1.6
5.6
0.7
1.1
6.5
1.6
1.2
0.7
0.7
1.8
0.8
na
0.8
1.3
0.8
1.8
0.8
na
1.8
2.2
1.1
12.5
1.4
0.9
0.6
10.0
1.3
0.9
0.8
1.2
0.9
0.1
1.0
413.10
3,952.98
398.08
358.59
253.22
413.20
276.07
1,135.59
654.33
3,150.00
27,000.00
1,264.30
6,943.94
240.00
1,484.58
2,733.60
445.34
1,683.05
2,016.00
3,533.16
3,276.00
249.60
448.90
1,597.46
5,985.54
2,707.95
665.93
390.73
11,078.94
353.63
508.10
1,071.46
5,103.00
1,913.63
1,343.78
6,550.02
1,845.16
262.11
659.00
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
Year
End
Price Performance
1W(%)
1M(%)
(1.26)
1.45
(0.23)
(0.22)
(0.48)
0.21
(1.48)
(0.32)
(5.35)
2.20
(0.90)
8.12
2.71
1.44
ASIA RESEARCH TEAM
1Q(%)
(5.82)
29.05
(14.53)
(14.89)
(7.89)
6.82
(0.20)
Shares
Mn
1.20
10.64
8.88
3.62
6.03
67.27
Trailing
ROE
31.17%
5.69%
39.30%
20.94%
39.57%
24.73%
39.71%
BVPS
477.39
249.16
863.75
649.34
106.56
97.37
Net Profit
4Qtrs
6,370.06
32.61
1,041.82
1,605.52
930.34
159.01
2,600.77
Sep'12
562.72
12.18
51.28
113.23
24.14
40.79
321.10
Net
Jun'12
1,810.28
4.38
130.55
352.36
317.09
37.12
968.78
Profits
Mar'12
2,104.52
6.65
659.81
427.34
280.11
42.31
688.30
Dec'11
1,892.54
9.40
200.18
712.59
309.00
38.79
622.59
MOTORS
AUTODROME
COLONIAL MOTORS
DIMO
LANKA ASHOK
SATHOSA MOTORS
UNITED MOTORS
AUTON
COLON
DIMON
ASHON
SMOTN
UML N
MainB
MainB
MainB
MainB
MainB
MainB
M
M
M
M
M
M
897.90
145.00
600.00
1750.00
231.80
98.50
OIL PALMS
BUKIT DARAH
GOOD HOPE
INDO MALAY
SELINSING
SHALIMAR
BUKIN
GOODN
INDON
SELIN
SHALN
MainB
MainB
MainB
MainB
MainB
M
M
M
M
M
700.00
1350.00
1360.00
1000.00
1000.00
(0.79)
0.21
(9.33)
(9.09)
11.11
0.34
3.14
(6.21)
(21.41)
11.11
(0.36)
1.96
12.50
(4.29)
(25.92)
1.01
102.00
6.87
7.00
6.94
6.94
7.39%
10.00%
4.27%
3.23%
4.94%
3.92%
285.72
794.60
770.02
975.01
820.73
3,877.75
2,913.11
232.89
174.25
334.29
223.21
1,001.86
832.97
34.69
31.80
63.85
38.56
685.30
353.77
72.40
73.48
105.66
79.99
1,914.06
1,561.69
110.09
41.40
126.38
74.50
276.53
164.69
15.70
27.58
38.39
30.17
PLANTATIONS
AGALAWATTE
BALANGODA
BOGAWANTALAWA
HAPUGASTENNE
Horana Plantations
KAHAWATTE
KEGALLE
KELANI VALLEY
KOTAGALA
MADULSIMA
MALWATTE VALLEY
MALWATTE VALLEY
MASKELIYA
NAMUNUKULA
TALAWAKELLE
UDAPUSSELLAWA
WATAWALA PLANTATIONS
ELPITIYA
MET.RES.HOL
AGALN
BALAN
BOPLN
HAPUN
HOPLN
KAHAN
KGALN
KVALN
KOTAN
MADUN
MAL N
MALX
MASKN
NAMUN
TPL N
UDPLN
WATAN
ELPLN
MPRHN
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
D
D
M
D
M
D
M
D
M
D
D
D
M
M
D
D
M
M
M
31.40
37.00
12.70
39.00
25.10
34.00
106.00
85.00
56.00
12.90
4.80
4.70
13.00
73.00
27.00
28.50
12.60
18.20
23.50
0.46
(2.48)
0.27
0.79
(5.57)
0.80
5.92
0.66
2.41
(1.75)
(7.14)
(4.00)
(2.08)
1.56
(0.82)
5.88
(1.39)
2.42
1.68
(5.91)
(3.16)
(3.38)
(2.89)
1.60
(2.50)
0.80
(2.58)
1.83
(25.33)
(16.13)
(5.88)
2.17
(3.05)
3.45
0.35
5.83
(4.21)
(10.00)
(2.77)
(9.51)
(4.39)
2.42
(5.80)
(3.82)
16.84
0.86
(0.23)
(22.22)
(22.16)
11.90
4.00
(12.15)
2.27
1.07
(0.78)
(2.67)
(3.27)
25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
32.00
29.00
224.59
23.00
53.95
23.75
23.75
19.40
236.67
72.87
17.26
14.43%
21.77%
5.37%
1.62%
na
12.78%
7.83%
21.24%
24.09%
21.22%
na
6.56%
6.56%
16.74%
22.24%
11.01%
na
24.87%
14.59%
1.73%
40.16
62.32
10.00
27.15
42.91
13.81
126.77
70.06
81.87
57.02
8.65
8.65
22.92
73.18
45.26
15.97
13.07
22.38
35.53
4,100.58
218.61
79.16
13.53
(80.97)
137.06
86.34
673.02
573.79
556.02
(4.23)
140.42
140.42
207.04
386.43
118.37
(21.82)
769.28
237.94
10.61
1,429.60
160.60
(12.17)
88.90
13.43
41.06
13.20
155.61
173.22
107.80
(42.92)
94.02
94.02
21.51
103.40
35.16
0.70
186.23
197.00
92.84
1,039.50
(1.16)
73.87
49.14
52.29
11.54
29.26
122.68
128.20
104.76
26.51
114.84
114.84
34.22
72.29
26.62
37.14
157.32
1,209.99
30.87
67.25
(96.44)
25.75
50.79
30.96
246.28
85.57
204.10
(57.18)
101.34
101.34
165.87
105.01
6.81
16.60
267.69
40.94
(82.23)
421.50
28.29
(49.80)
(28.08)
(172.44)
33.67
12.92
148.46
186.81
139.36
69.37
(169.78)
(169.78)
(14.56)
105.74
49.77
(76.26)
158.03
HEALTH SERVICES
ASIRI CENTRAL
ASIRI SURGICAL
ASIRI HOSPITAL
CEYLON HOSPITALS [V]
CEYLON HOSPITALS [NV]
LANKA HOSPITALS
NAWALOKA
M
M
M
M
M
M
M
230.00
9.00
12.50
95.00
72.10
39.00
3.10
1.52
(7.26)
(1.10)
9.65
(5.00)
3.00
(1.99)
3.33
(0.16)
(8.00)
1.12
9.65
3.26
(0.55)
(7.08)
(6.06)
22.33
528.46
1,099.09
25.53
8.35
223.73
1,409.51
11.97%
na
16.56%
11.39%
11.49%
11.49%
13.69%
16.18%
88.10
7.43
3.92
72.7
72.7
15.72
2.43
2,349.78
(112.22)
650.23
490.03
286.84
286.84
481.52
553.38
510.06
(38.10)
104.26
112.21
49.92
49.92
94.57
187.20
400.01
(74.11)
111.95
84.55
102.55
102.55
84.46
90.62
862.05
DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB
(0.37)
(7.37)
(2.06)
(2.57)
3.68
-
577.66
ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N
110.65
176.23
80.08
80.08
112.65
98.04
323.37
117.03
54.29
54.29
189.84
177.51
21
Trailing
EPS
PBV
Mkt Cap Mn
27.17
97.92
180.87
256.94
26.35
38.66
Trailing
PE
3.50
33.0
1.5
3.3
6.8
8.8
2.5
1.09
1.9
0.6
0.7
2.7
2.2
1.0
1,077.48
1,542.80
5,325.86
6,336.48
1,398.59
6,625.81
28.56
33.89
24.90
48.17
32.16
26.8
24.5
39.8
54.6
20.8
31.1
2.0
2.4
1.7
1.8
1.0
1.2
71,400.00
9,276.26
9,517.82
6,940.08
6,940.08
8.74
3.35
0.16
na
5.48
1.08
26.92
16.88
17.38
na
0.57
0.57
3.84
16.27
4.98
na
3.25
3.27
0.61
6.1
3.6
11.0
78.6
na
4.6
31.5
3.9
5.0
3.2
na
8.5
8.3
3.4
4.5
5.4
na
3.9
5.6
38.2
0.88
0.8
0.6
1.3
1.4
0.6
2.5
0.8
1.2
0.7
0.2
0.6
0.5
0.6
1.0
0.6
1.8
1.0
0.8
0.7
785.00
874.55
1,063.63
1,806.32
627.50
2,716.25
2,650.00
2,890.00
1,792.00
374.10
1,078.03
108.10
701.40
1,733.75
641.25
552.87
2,982.00
1,326.17
405.72
na
1.23
0.45
8.47
8.47
2.15
0.39
16.9
na
7.3
28.0
11.2
8.5
18.1
7.9
2.02
2.6
1.2
3.2
1.3
1.0
2.5
1.3
5,136.81
4,756.12
13,738.65
2,425.09
601.71
8,725.55
4,369.47
08th February 2013
Sri Lanka Focus
Broad Market
Guide
Company
Year
End
Price Performance
1W(%)
1M(%)
(1.29)
(3.99)
1.36
4.20
(4.50)
(9.05)
4.30
(12.59)
(13.90)
(22.50)
(1.64)
0.65
(11.78)
(21.79)
(3.51)
(6.78)
(9.09)
(20.00)
ASIA RESEARCH TEAM
1Q(%)
(10.77)
2.29
(4.50)
(4.33)
(31.16)
(9.83)
(41.47)
(9.84)
(40.30)
Shares
Mn
60.80
2.94
2.84
0.04
0.05
0.10
114.00
260.00
Trailing
ROE
26.54%
34.20%
9.86%
na
na
1.63%
na
19.34%
34.25%
BVPS
41.29
49.99
69.07
271.92
663.80
62.58
1.81
0.63
Net Profit
4Qtrs
868.59
858.59
14.48
(99.16)
(1.20)
0.54
(0.56)
39.96
55.95
Sep'12
85.64
78.67
3.84
(39.85)
(1.05)
1.20
0.12
8.50
34.21
Net
Jun'12
26.82
55.55
4.40
(49.20)
1.27
0.68
0.13
13.99
Profits
Mar'12
699.10
663.49
2.23
1.80
(4.56)
(1.97)
(1.10)
17.47
21.74
Dec'11
57.03
60.88
4.01
(11.92)
3.14
0.63
0.29
22
Trailing
EPS
PBV
Mkt Cap Mn
14.12
4.93
na
na
10.80
na
0.35
0.22
Trailing
PE
7.80
4.7
19.4
na
na
200.4
na
15.7
18.6
2.07
1.6
1.9
2.5
5.7
3.3
14.4
3.0
6.4
4,073.60
280.51
497.87
54.27
108.20
90.03
627.00
1,040.00
82.20
128.21
9.90
6.49
11.02
6.4
7.8
20.4
50.6
0.94
0.7
1.0
6.0
0.7
666.85
2,535.46
460.86
1,687.56
12.67
8.28
0.02
0.53
0.57
na
10.17
61.18
na
12.31
9.9
8.1
345.6
19.5
31.4
na
10.3
49.0
na
1.07
0.6
1.4
0.9
1.1
0.8
5.6
2.7
6.4
1.5
8,923.16
2,411.23
827.16
1,209.69
6,288.61
141.60
13,147.01
250.07
450.00
1.78
3.83
0.07
0.28
2.50
2.50
na
0.12
0.72
9.48
12.8
5.4
52.7
23.7
10.6
7.4
na
22.3
17.3
1.31
1.0
1.0
1.7
88.0
1.6
1.1
1.0
1.8
1.9
2,842.04
11,076.62
1,813.62
4,930.92
8,911.00
962.00
752.71
1,350.00
1,250.00
74
144.1
54.3
1.40
6.6
0.9
879.35
1,167.56
13.88
10.7
19.1
1.68
2.0
1.4
74,108.38
79,233.35
SERVICES
JOHN KEELLS LIMITED
LAKE HOUSE PRINTING
MERC. SHIPPINGS
CEYLON PRINTERS
KALAMAZOO
PARAGON
CEYLON TEA BROKERS
ASIA SIYAKA COMMODITIES
JKL N
LPRTN
MSL N
CPRTN
KZOON
PARAN
CTBLN
ASIYN
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
M
M
M
M
M
M
M
M
67.00
95.50
175.00
1550.00
2164.00
900.00
5.50
4.00
STORES AND SUPPLIES

COLOMBO PHARMACY
E B CREASY
GESTETNER
HUNTERS
PHARN
EBCRN
GESTN
HUNTN
MainB
MainB
MainB
MainB
M
M
M
M
523.90
1000.00
202.30
328.00
(4.79)
(1.86)
(3.19)
(7.88)
(7.29)
(2.41)
1.05
(3.84)
(1.37)
(1.80)
(14.89)
(8.63)
(17.01)
(13.91)
(14.14)
1.27
2.54
2.28
5.15
8.54%
11.52%
13.45%
29.32%
1.46%
713.42
953.56
33.77
444.31
485.64
104.62
325.07
22.56
33.38
54.70
20.02
30.70
2.04
1.94
(58.55)
(3.33)
(34.00)
1.04
(22.26)
228.86
90.70
118.37
2.65
17.14
260.64
(2.77)
210.00
16.84
36.56
TRADING
BROWNS
C W MACKIE
CEYLON FOREIGN TRADES
EASTERN MERCHANTS
ENVIRONMENTAL RESOURCES
RADIANT GEMS
SINGER SRI LANKA
OFFICE EQUIPMENT
TESS AGRO
BRWNN
CWMN
CFT N
EMERN
GREGN
RGEMN
SINSN
OFEQN
TESSN
MainB
MainB
MainB
DefaultB
MainB
MainB
MainB
MainB
DiriSaviB
M
D
M
M
M
M
D
M
M
125.90
67.00
5.90
10.30
18.00
59.00
105.00
3000.00
2.50
1.29
(0.72)
(1.62)
(8.85)
2.26
(1.34)
4.39
4.17
0.62
(0.80)
(7.59)
(1.67)
(8.85)
17.53
(4.84)
4.60
-
(3.65)
(4.76)
(6.29)
(18.06)
(12.71)
11.04
(23.18)
0.10
(14.08)
-
70.88
35.99
140.20
117.45
349.37
2.40
125.21
0.08
180.00
8.66%
6.27%
17.36%
0.27%
5.54%
2.39%
na
26.38%
13.08%
na
202.00
47.69
6.24
9.54
23.96
10.62
38.56
467.91
1.67
2,734.33
898.02
297.92
2.39
62.06
200.07
(2.20)
1,273.69
5.10
(2.74)
294.12
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(9.14)
300.32
(219.96)
85.92
(3.25)
39.55
83.85
0.34
310.05
3.81
1,503.59
752.25
106.85
(4.40)
67.80
243.26
(1.51)
337.87
(4.93)
6.40
636.30
174.89
93.56
3.21
(28.60)
(46.39)
(0.97)
431.60
8.99
POWER & ENERGY

HEMAS POWER
LANKA IOC
VIDULLANKA
VALLIBEL POWER
LAUGFS GAS
LAUGFS GAS [NV]
HYDRO POWER
PANASIAN POWER
MACKWOODS ENERGY LIMITED
HPWRN
LIOCN
VLL N
VPELN
LGL N
LGL X
HPFLN
PAP N
MEL N
MainB
MainB
MainB
MainB
DiriSaviB
DiriSaviB
MainB
MainB
DiriSaviB
M
M
M
M
M
M
M
M
M
22.70
20.80
3.80
6.60
26.60
18.50
6.90
2.70
12.50
1.23
0.44
4.02
2.70
(4.41)
1.92
(1.06)
(1.43)
(3.57)
2.46
0.72
(4.17)
6.15
2.70
(1.52)
(1.12)
(2.11)
(1.43)
(6.90)
(3.10)
8.34
11.11
20.35
2.70
1.56
1.92
3.33
(6.76)
8.00
3.31
125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00
13.86%
8.01%
17.74%
3.17%
371.84%
15.46%
15.46%
na
8.22%
10.96%
22.21
21.58
2.28
0.08
16.16
16.16
7.14
1.47
6.60
3,573.26
222.81
2,039.19
34.42
208.43
966.66
966.66
(31.25)
60.60
72.40
1,842.14
81.00
1,183.00
6.13
112.97
427.45
427.45
(1.80)
2.09
31.30
299.56
39.33
191.86
8.40
56.05
583.76
24.17
41.24
(27.63)
(15.61)
539.21
539.21
(25.85)
7.13
41.10
850.93
81.45
623.09
47.52
55.01
INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE
7.20
5.10
0.91
14.52
(7.41)
(4.49)
18.33
(16.67)
122.13
228.93
1.89%
4.55%
1.62%
1.10
5.79
27.61
6.10
21.51
(2.35)
2.87
(5.22)
1.79
(25.82)
3.23
(29.05)
53.99
DiriSaviB M
MainB
M
2.57
9.23
(1.96)
1.79
ECL N
PCH N
53.99
0.05
0.09
TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM
DIALN
SLTLN
MainB
MainB
9.10
43.90
2.59
5.75
(0.23)
4.29
9.52
(0.23)
6.70
8.24
5.28
8,143.78
1,804.86
12.11%
19.03%
7.55%
4.45
30.45
11,048.50
6,900.50
4,148.00
6,545.20
4,744.20
1,801.00
1,965.01
1,269.01
696.00
(165.91)
(530.91)
365.00
2,704.20
1,418.20
1,286.00
0.85
2.30
D
D
Note:
Counters which are listed on Dirisavi board will reflect 6 months results under
the quarters.
(7.68)
11.60
4.08
39.78
Research
Manager - Research
Balakrishnan Nirmalan
Assistant Manager - Research

(94-11)5320362
nirmalan@asiacapital.lk
AmaliPerera
Corporates
(94-11)5320256
amali@asiacapital.lk
Economy
Minoli Mallawaarachchi
DilanWijekoon
Shan Silva
Yogini Yogarasa
(94-11)5320259
(94-11)5320249
(94-11)5320251
(94-11)5320361
DhanushaPathirana
Travis Gomez
(94-11)5320254
(94-11)5320254
Statistician
Nuwan Pradeep
(94-11)5320257
Sales
Institutional Sales
Retail Sales
SabriMarikar
(94-11) 5320224
077 3-576868 sabri@asiacapital.lk
ShiyamSubaulla
(94-11)5320218
0773-502016
shiyam@asiacapital.lk
NiroshanWijayakoon
(94-11) 5320208
0777-713645
niroshan@asiacapital.lk
PriyanthaHingurage
(94-11)5320217
0773-502015
priyantha@asiacapital.lk
NiyazAboobucker
(94-11) 5320213
0777-727352
niyaz@asiacapital.lk
SubeethPerera
(94-11)5320227
0714-042683
subeeth@asiacapital.lk
ManjulaKumarasinghe
(94-11) 5320211
0777 -874310 manjula@asiacapital.lk
NelukaRodrigo
(94-11)5320214
0777-366280
neluka@asiacapital.lk
ChelakaHapugoda
(94-11)5320240
0777 -256740 chelaka@asiacapital.lk
GaganiJayawardhana
(94-11)5320236
0714-084953
gagani@asiacapital.lk
ChamindaMahanama
(94-11) 5320223
0777 -556582 mahanama@asiacapital.lk
ShamalPerera
(94-11)5320219
077-3717558
shamal@asaiacapital.lk
HiranBibile
(94-11) 5320238
0777 -352032 hiran@asiacapital.lk
NuwanEranga
(94-11)5320246 0777368012
eranga@asiacapital.lk
ArshwinAmarasekara
(94-11) 5320215
0773 -717220 arshwin@asiacapital.lk
RomeshPriyadarshana
(94-11)5320228 0772548795
priyadarshana@asiacapital.lk
NiroshanRathnam
JeevanHettigoda
FarajFouz
MiflalFarook
(94-11) 5320242
(94-11) 5320220
(94-11) 5320210
(94-11) 5320247
0773 -717515
0773 -691251
0773 -810159
0772-253730
RukshanLiyanage
NathashaMunasinghe
IreshaFernando
SharikaRathnayake
(94-11)5320235
(94-11)5320231
(94-11)5320232
(94-11)5320209
rukshan@asiacapital.lk
nathasha@asiacapital.lk
iresha@asiacapital.lk
sharika@asiacapital.lk
ratnam@asiacapital.lk
jeevan@asiacapital.lk
faraj@asiacapital.lk
miflal@asiacapital.lk
077-3413297
0777-569266
0777359012
0777567994
Branches
CSE Floor
CSE,01-04, World Trade Centre, Colombo 1.
ThusharaAdhikari
M G Suranjana
(011)-5735122
(011)-5763539
0773-688202
0773-954994
adhikari@asiacapital.lk
Kurunegala
Union Assurance Building, No.6,1stFloor,Rajapilla Rd, Kurunagala.
AsankaSamarakoon
GayanNishsanka
(037)-5628844
(037)-5642717
0773-690749
0777-105356
asanka@asiacapital.lk
nishshanka@asiacapital.lk
Matara
E.H.Cooray Building, Mezzanine Floor, No:24, AnagarikaDarmapala Mw,

Matara
Peoples Leasing Building,2nd Floor,No.118,Matara Road,Galle
(041)-5677525
(041)-5677526
(041)-5620727
(091)-5629998
0773-687307
0778-628798
Galle
SumedaJayawardena
LalindaLiyanapathirana
MaheshaMadurangi
RuchiraHasantha
0773-687027
sumeda@asiacapital.lk
rishan@asiacapital.lk
mahesha@asiacapital.lk
ruchira@asiacapital.lk
Negombo
Asia Asset Finance, 171/1, Station Road, Negombo.
UthpalaKarunatilake
(031)-5676881
0773-691685
uthpala@asiacapital.lk
Moratuwa
Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa.

CharithPerera
(011)-5238663
charithn@asiacapital.lk
Panadura
Asian Alliance Building, 293, Galle Road, Panadura
RanganathWijetunga
AsankaChaminda
(038)-5670400
(038)-5670407
0715-120723
0713-559552
ranganath@asiacapital.lk
chaminda@asiacapital.lk
Kandy
132 2/7, Hill City Complex,

D. S . Senanayake Street, Kandy.
NilupulHettiarachchi
(081)-5628500
0777410164
nilupul@asiacapital.lk
RadhikaHettiarachchi
TharinduPriyankara
Ravi De Mel
NalakaDhanushka
(081)-5625577
(081)-5625577
(063)-5679071
(063)-5679070
0773692242
0777282586
0772-681995
0771-520376
radhika@asiacapital.lk
priyankara@asiacapital.lk
ravide@asiacapital.lk
nalaka@asiacapital.lk
Ampara
Bandula Cinema Shopping complex, No-103,D S Senanayaka Street, Ampara.
Service Centers
Kiribathgoda
Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda
DanushkaBoteju
Kasun Navoda
(011)-5634803
0716-270527
boteju@asiacapital.lk
Hambantota
Hambanthota Chamber of Commerce, ThangalleRoad,Hambantota.
SherminRanasinghe
SamithEdirisinghe
(047)-5679240
0777681866
0775-486869
shermin@asiacapital.lk
samith@asiacapital.lk
Jaffna
62/20, First Floor, Stanley Road, Jaffna
GratianNirmalan
S.Puviraj
(021)-5671800
(021)-5671801
0777-567933
0775-096969
nirmal@asiacapital.lk
puviraj@asiacapital.lk
The report has been prepared by Asia Wealth Management Co (Private) Limited. The information and opinions contained herein has been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith
information has not been independently verified and no guaranty, representation or warranty, express or implied is made as to its accuracy, completeness or correctness, reliability or suitability. All such information and opinions are subject to change w
notice. This document is for information purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as, an offer, or solicitation of an
to buy or sell any securities or other financial instruments. In no event will Asia Wealth Management Co (Private) Limited be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage what
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Asia Wealth Management Co (Private) Limited may, to the extent permissible by applicable law or regulation, use the above material, conclusions, research or analysis in which they are based before the material is disseminated to their customers. N
customers will receive the material at the same time. Asia Wealth Management Co (Private) Limited, their respective directors, officers, representatives, employees, related persons and/or Asia Wealth Management Co (Private) Limited, may have a lo
short position in any of the securities or other financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other financial instruments
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Sri Lanka Focus

08th February 2013

ASIA RESEARCH TEAM 1

Weekly Review by Asia Wealth Management Research

ASI Daily Closing

Crossings tap into hidden liquidity in the market

Colombo Stock Exch

The week concluded on a positive note with the All

Weekly overview of commodity trading

Analysis of Various Warrants Listed on CSE

ASI closing ( LHS)

All Share Index

W eekly R eview by Asia Wealth Manag

Foreign investor interest in selected counters

Colombo Stock Exch

The ASI witnessed a more volatile experience

7th October 2011

Table below shows the members who have

Major Price Movements

Colombo Bourse Billion Ruppee Club

Environmental Resources Investments (W 006)

Environmental Resources Investments

Asia Siyaka Commodities

Weekly Review by Asia Wealth

Seylan Merchant Bank

Commercial Bank Of Ceylon

Textured Jersey Lanka

Bimputh Lanka Investments

Asia Asset Finance

Sri Lanka Focus

08th February 2013

ASIA RESEARCH TEAM 2

08th February 2013

Sri Lanka Focus

ASIA RESEARCH TEAM 3

Colombo Bourses Billion Rupee Club

JOHN KEELLS HOLDINGS

COMMERCIAL BANK [V]

ASIAN HOTEL & PROPERTIES

SEYLAN BANK [V]

SEYLAN BANK [NV]

CEYLON TEA SERVICES

VALLIBEL ONE LIMITED

NATIONS TRUST BANK

AIT. SPENCE HOTEL HOLD.

PCH HOLDINGS LIMITED

SINGER SRI LANKA

COMMERCIAL BANK [NV]

SRI LANKA TELECOM

CEYLON COLD STORES

CEYLINCO INSURANCE [V]

LANKA ORIX FINANCE

JOHN KEELLS HOTELS

COLOMBO FORT LAND

08th February 2013

Sri Lanka Focus

ASIA RESEARCH TEAM 4

Price According to Black

08th February 2013

Sri Lanka Focus

ASIA RESEARCH TEAM 5

Copper LME (USD/Ton)