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Volume 35

Weekly Review by Asia Wealth Management Research

30th

August 2013

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;

ASI Daily Closing

Bourse stumbles led by a steep fall in market


heavy weight JKH

(ASI)
6,300

(LKR mn)
2,500

6,200

2,000

6,100

Colombo bourse witnessed high volatility in both the indices


during this week; as..

6,000

Pg 02
The Impact of Financial Deepening and Monetary
Stimulus on World Economic Stability
Pg 03

5,800

1,500

5,900
1,000

5,700

500

5,600
5,500

12- 13- 14- 15- 16- 19- 21- 22- 23- 26- 27- 28- 29- 30Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug Aug

Colombo Bourses Billion Rupee Club

Turnover

Table below shows the members who have qualified to be a


part of Asia Wealth Researchs Billion Rupee Club.

Pg 05
Analysis of Various Warrants Listed on CSE

Pg 06

Major
Price Movements
Commodity
Prices

Pg07

Depreciation of the Sri Lankan Rupee


Sri Lankan rupee hit an all time low of 135.20 per US Dollar
on Wednesday
Pg09

Major Price Movements

ASI closing

Market Statistics
All Share Index
S&P
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)

30-Aug
5,834.04
3,261.33
12,599.57
20,351.90
1,715.15
3,155.87
155.61
2,884.24
2,402.90
18.20
2,427.60
18.38
485.50

23-Aug
5,951.83
3,342.96
12,799.59
20,099.13
1,835.63
3,171.78
156.93
2,969.26
2,451.40
18.64
3,715.30
28.25
928.80

% Chg.
-2.0
-2.4
-1.6
1.3
-6.6
-0.5
-0.8
-2.9
-2.0
-2.4
-34.7
-34.9
-47.7

164.00
775.00
588.90

94.20
2,398.20
1,376.90

74.1
-67.7
-57.2

Large Trades

Company
Touchwood

2.3

+/-LKR
-1.3

+/- %
-36.11

Company
Pch Holdings

Seylan Merchant Bank

0.3

-0.1

-25.00

Seylan Merchant Bank(NV)

8,509,639

Multi Finance

14.2

-3.3

-18.86

Pc House

8,211,866

Beruwala Resorts

1.3

-0.3

-18.75

Touchwood

7,947,792

Asia Capital

18

-3.9

-17.81

Peoples Leasing Company

7,707,434

Pc House

0.8

0.1

14.29

Blue Diamonds (NV)

4,074,623

Anilana Hotels And Properties

8.6

1.1

14.67

Free Lanka Capital Holdings

4,041,050

Ascot Holdings

139

19

15.83

John Keells Holdings

2,930,518

Pc Pharma

1.5

0.4

36.36

Central Investment & Finance

2,795,981

Pch Holdings

1.1

0.3

37.50

Nation Lanka Finance

2,692,282

Price

Volume
59,171,417

Weekly Review by Asia Wealth Management Research

30 August 2013

Highlights for the week


Bourse stumbles led by a steep fall in market heavy weight JKH
Colombo bourse witnessed high volatility in both the indices during this week; as it opened the week on a negative note and
stumbled sharply on Wednesday led by steep fall in John Keells Holdings, whilst it managed to gain momentum towards
the end of the week to close on a positive trajectory. The ASI lost 117.8 points WoW to close at 5,834.0 points (-2.0%),
whilst the S&P SL20 Index lost 81.6 points WoW to close at 3,261.3 points (-2.4%). Indices lost mainly on the back of
losses made by John Keells Holdings (-10.8% WoW), Nestle Lanka (-2.3% WoW), Dialog Axiata (-3.5% WoW),
Distilleries (-3.8% WoW) and Aitken Spence (-4.1% WoW).
The bench mark ASI plunged to its almost five month low during mid week mainly due to heavy weight John Keells
Holdings slumping sharply (c.10%) consequent to the announcement made by the company regarding a rights issue
attached with warrants, whilst selling witnessed on several counters aggravated the down fall. However, John Keells
Holdings gained momentum towards the latter part of the week, whilst the bourse recovered slightly from its 5 month low
on the back of renewed buying interest witnessed on selected counters. Foreign investors remained net buyers after
witnessing net selling during the first few days of the week, however, cf. last week, foreign activities during the week were
far below as the net foreign inflow dropped 82%WoW.
During the course of the week, the LKR hit its all time low of LKR135.20 on Wednesday before recovering slightly, whilst
the CBSL today imposed a 100% margin deposit requirement on letters of credit for car imports to slowdown the imports
amidst weakening Indian Rupee which is likely to trigger the car imports in the period ahead.
Counters such as John Keells Holdings, Commercial Bank, National Development Bank, United Motors, Lanka
Ceramics, Distilleries, Sampath Bank, LB Finance and Peoples Leasing and Finance encountered crossings during the
week. Furthermore, PCH Holdings, Seylan Merchant Bank (non-voting), PC House, Touchwood and Peoples Leasing
& Finance Company topped the list in terms of volume traded during the week.
Further, during the week, Colonial Motors made an announcement indicating its plans to phase out its motor vehicle
related business activities and become a property holding and investment company with a name change to CM Holdings.
However, KIA motors, a subsidiary of Colonial Motors will continue to import and market KIA range of vehicles. In
addition, Cargills (Ceylon) released an announcement regarding its proposed restructure of retail operation. According to
the announcement, Cargills Foods Company (Pvt) Ltd, a fully owned subsidiary of Cargills (Ceylon) will carry out the
retail operations of the group and Cargills (Ceylon) will continue as an investment holding company for Retail, Food
manufacturing, Brewery, Leisure & property development and Strategic investment sectors of the group.
The week saw foreign purchases amounting to LKR 775.0 mn whilst foreign sales amounted to LKR 588.9 mn. Market
capitalisation stood at LKR 2,402.9bn and the YTD performance is 3.4%.

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

30th

August 2013

Feature
The Impact of Financial Deepening and Monetary Stimulus on World Economic Stability Part I:
Advanced Economies
The most striking phenomenon of the current state of the world economy would be the sharp buoyancy seen in financial
markets of advanced economies including U.S, Canada, Japan and the Eurozone while the real growth of the latter
economies remains notably below the escape velocity required to overcome the global downturn. The combined growth
performance of the latter is notably below the 3% YoY minimum growth required in the long run to ensure a sustainable
recovery from the global slowdown into its sixth consecutive year. The weakness of the U.S recovery is reflected by
demand for durable goods and new residential sales in July falling 7.3% YoY and 13.4% YoY respectively, while the
labour participation rate declining to 63.4% from a pre-crisis figure of circa 80%. The dip in labour force participation in
turn draws a false picture on the state of labour absorption in the U.S. given that a dip in the former due to an increase in
the number of discouraged workers tends to reduce the rate of unemployment in the absence of real employment
expansion. This led Fed Chairman Ben Bernanke to state in August that the current fall in U.S unemployment rate as
misleading given that it is triggered by a drop in the labour force participation rate rather than due to a net labour
absorption. This suggests that despite the underlying weakness in the growth of real economic variables in the U.S. and
other advanced economies in general, their financial markets have performed exceedingly better.
In contrast to the trends in the real economy, financial markets are experiencing an unprecedented boom. The price of
crude oil futures coupled with that of industrial metals such as copper, zinc, aluminium have increased sharply over the
last five years while the industrial output levels in advanced economies remain below 2007 levels. The Dow Jones
Industrial Average is up 15% since the Fed launched its third round of quantitative easing last September. In Japan, the
Nikkei index climbed 44% since last December since the election of the Abe government, which directed the Bank of
Japan to boost the money supply. In the UK, the FTSE index gained 20% in the last six months on the back of quantitative
easing by the Bank of England, while European stock markets have gained 30% since last July despite the continued
stagnation in employment growth and real output in the region. All of this points to a sharp divergence of financial markets
from the underlying real economic activity.
The boom in financial markets in the absence of significant growth in real output is fuelled by trillions of dollars of
stimulus funds pumped into the financial system by the major central banks. Rather than a recovery in the real growth the
monetary stimulus has triggered an increase in speculative activity in financial markets which questions the capacity of
stimulus measures to create employment and real economic growth as expected. The fact that employment and hence
aggregate demand in the U.S. economy have not revived to expected proportions is further indicated by the prevalence of
near zero inflation and U.S. CPI falling -0.4% and -0.2% in May and June respectively despite the massive bond buying
programme of the Fed to the tune of USD 85 billion each month (nearly 1.5 times that of Sri Lankas GDP) to revive
employment and output growth. In the face of falling or stagnant prices for their products major firms seek to generate
profits not by expanding production, but by adopting cost-reduction measures coupled with diverting the massive volume
of funds made available from monetary stimulus towards financial instruments such as derivatives and equity.

3
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

30th

August 2013

Feature
Under this backdrop, the unprecedented rise in global equity indices sparks concerns that the conditions could be leading
to a fall in inflated asset prices following a possible tapering of Feds QE. Its a sign of the measures put in place to
prevent a crisis leading to further financial difficulties. This is so given that the central banks, having bought up trillions of
dollars worth of government and other financial assets, will be affected by a possible fall in prices of financial assets.
Ending of the QE threatens to end the asset price inflation while its continuation leads them deeper into the mire. The
International Monetary Fund published an analysis indicating that ending QE could result in the central banks incurring
losses as interest rates rise. According to the analysis the Federal Reserve could experience a loss equivalent to 4% of GDP
(USD 628 billion), the Bank of Japan could lose 7.5% of GDP, and the Bank of England almost 6%.
The destabilizing effect of financial deepening (growth of economys financial assets outpacing the growth of real assets)
triggers from the gap in the equilibrium price reached in futures markets from the current equilibrium price reflecting the
equality of present demand and supply. Given that the flow of funds and the price determination in derivatives are
determined by the imagined future course of the real economy they attempt to reflect the equilibrium prices that maybe
reached in the future relative to the present state of demand and supply, in an attempt to drag a future state of equilibrium
in supply and demand into the present context. In contrast to the futures markets, the underlying real economy functions
according to the present state of the demand and supply and would attain equilibrium only if current supply and demand is
equalled through current prices. The process is disturbed when the current prices tend to reflect a future imagined state of
equilibrium that is not reflective of present state of supply and demand. Hence, financial deepening tends to affect the
efficiency of the price system in the resource allocation process of the economy which would in turn prevent the real
economy from overcoming a downturn in activity.
For instance, as mentioned earlier, the prices of industrial raw materials in futures markets have increased sharply during
the past five years while the industrial output of advanced economies have remained below pre-crisis levels. This is to say
that despite the moderation in present demand for industrial output the supply prices of industrial raw materials increased
sharply preventing the price system from facilitating a market led economic recovery. This is so given that the derivatives
market plays the function of not merely reducing risk in investments by reducing the gap between the level of risk that a
firm is willing to absorb and the actual risk in the economy as assumed. Derivatives also play the more important role of
absorbing the part of economic surplus generated in the real economy which is too large to be profitably reinvested in real
activity. It acts as a sphere of investment for the surplus funds in the system which tends to affect the efficiency of the
economys price system in terms of its ability to allocate resources efficiently.

4
A member of Asia Capital Group

30th

Weekly Review by Asia Wealth Management Research

August 2013

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.
Company

Code

Price

ROE

BVPS

Net Profit

Trailing
EPS

Trailing
PE

PBV

Mkt Cap
Mn

JKH N

215.00

13.37%

105.70

12,128.76

14.14

15.2

2.0

184,453.21

COMMERCIAL BANK [V]

COMBN

115.00

16.60%

65.48

9,223.20

10.87

10.6

1.8

91,326.57

COMMERCIAL BANK [NV]

COMBX

91.00

16.60%

65.48

9,223.20

10.87

8.4

1.4

4,963.43

NDB

NDB N

147.50

36.44%

146.30

8,780.61

53.31

2.8

1.0

24,292.22

CEYLON TOBACCO

CTC N

1170.00

170.01%

26.91

8,570.00

45.75

25.6

43.5

219,168.79

HNB [V]

HNB N

152.50

15.29%

135.42

8,256.99

20.70

7.4

1.1

48,623.64

HNB [NV]

HNB X

110.50

15.29%

135.42

8,256.99

20.70

5.3

0.8

8,844.54

DIALOG TELEKOM

DIALN

8.20

22.16%

4.55

8,217.73

1.01

8.1

1.8

66,778.98

NDB CAPITAL

CDICN

460.50

131.15%

164.67

7,106.35

215.97

2.1

2.8

15,152.72

DISTILLERIES

DISTN

185.50

11.31%

167.97

5,701.10

19.00

9.8

1.1

55,650.00

SRI LANKA TELECOM

SLTLN

41.00

9.00%

30.65

4,977.00

2.76

14.9

1.3

73,999.26

CARSON CUMBERBATCH

CARSN

365.00

13.32%

179.38

4,691.88

23.89

15.3

2.0

71,681.22

BUKIT DARAH

BUKIN

680.00

13.94%

320.74

4,562.19

44.73

15.2

2.1

69,360.00

LANKA IOC

LIOCN

26.30

28.28%

27.00

4,066.59

7.64

3.4

1.0

14,005.54

SAMPATH BANK

SAMPN

187.20

14.54%

166.73

4,065.97

24.24

7.7

1.1

31,404.11

NESTLE LANKA

NESTN

134.24%

47.82

3,449.27

64.20

33.5

45.0

115,509.75

DFCC BANK
OVERSEAS REALTY

DFCCN
OSEAN

122.50
17.30

9.40%
14.96%

137.93
26.91

3,436.26
3,394.56

12.96
4.02

9.5
4.3

0.9
0.6

32,474.47
14,592.28

AITKEN SPENCE
CENTRAL FINANCE

SPENN
CFINN

116.00
184.90

11.67%
17.47%

69.50
168.24

3,293.21
3,082.42

8.11
29.39

14.3
6.3

1.7
1.1

47,095.54
19,392.93

PEOPLES LEASING
TAPROBANE HOLDINGS
CHEVRON LUBRICANTS

PLC N
TAP N
LLUBN

14.30
4.00
290.00

15.98%
83.67%
47.58%

11.99
4.03
42.48

3,027.00
2,469.72
2,425.77

1.92
3.37
20.21

7.5
1.2
14.3

1.2
1.0
6.8

22,592.03
2,931.80
34,800.00

CEYLON GUARDIAN

GUARN

168.70

14.31%

184.30

2,164.39

26.36

6.4

0.9

13,849.72

HAYLEYS

HAYLN

293.00

9.07%

301.84

2,054.33

27.39

10.7

1.0

21,975.00

SEYLAN BANK [V]

SEYBN

58.90

10.02%

58.97

2,037.51

5.91

10.0

1.0

10,365.07

SEYLAN BANK [NV]

SEYBX

31.70

10.02%

58.97

2,037.51

5.91

5.4

0.5

5,356.76

CEYLINCO INSURANCE [V]

CINSN

1050.00

14.26%

534.67

2,013.84

76.24

13.8

2.0

21,000.00

CEYLINCO INSURANCE [NV]

CINSX

380.00

14.26%

534.67

2,013.84

76.24

5.0

0.7

2,437.50

NATIONS TRUST BANK

NTB N

59.50

18.91%

45.93

2,002.33

8.68

6.9

1.3

13,721.13

LOLC

LOLCN

50.10

9.57%

43.63

1,984.58

4.18

12.0

1.1

23,807.52

AIT. SPENCE HOTEL HOLD.

AHUNN

67.00

14.66%

37.98

1,872.31

5.57

12.0

1.8

22,531.43

CEYLON COLD STORES

CCS N

154.00

20.38%

94.23

1,825.04

19.20

8.0

1.6

14,636.16

ASIRI SURGICAL

AMSLN

10.30

49.79%

6.60

1,737.71

3.29

3.1

1.6

5,443.11

RICHARD PIERIS

RICHN

6.50

19.89%

4.22

1,642.37

0.84

7.7

1.5

12,727.57

C T HOLDINGS

CTHRN

140.00

9.55%

92.61

1,619.01

8.84

15.8

1.5

25,633.62

UNITED MOTORS

UML N

106.00

20.77%

115.18

1,608.90

23.92

4.4

0.9

7,130.31

HEMAS HOLDINGS

HHL N

30.00

12.93%

24.01

1,600.04

3.11

9.7

1.2

15,458.72

LB FINANCE

LFINN

108.20

28.11%

80.43

1,565.67

22.61

4.8

1.3

7,493.62

DIPPED PRODUCTS

DIPDN

104.60

21.75%

118.73

1,546.08

25.83

4.0

0.9

6,261.51

TOKYO CEMENT [V]

TKYON

24.40

18.56%

23.32

1,446.24

4.33

5.6

1.0

5,435.10

TOKYO CEMENT [NV]

TKYOX

19.80

18.56%

23.32

1,446.24

4.33

4.6

0.8

2,205.23

ROYAL CERAMICS

RCL N

89.00

16.84%

75.67

1,411.71

12.74

7.0

1.2

9,860.26

CEYLON INVESTMENT

CINVN

77.50

14.83%

91.05

1,330.28

13.50

5.7

0.9

7,634.90

LAUGFS GAS

LGL N

26.90

20.30%

15.96

1,254.18

3.24

8.3

1.7

9,011.50

20.00
205.00

20.29%
12.00%

15.96
142.76

1,253.84
1,230.80

3.24
17.13

6.2
12.0

1.3
1.4

1,040.00
14,731.08

JOHN KEELLS HOLDINGS

2,150.00

LAUGFS GAS [NV]


COLOMBO DOCKYARD

LGL X
DOCKN

VALLIBEL ONE LIMITED

VONEN

15.60

3.81%

28.51

1,181.31

1.09

14.3

0.5

16,950.33

CEYLON TEA SERVICES

CTEAN

630.10

14.48%

402.82

1,166.67

58.33

10.8

1.6

12,602.00

BROWNS

BRWNN

93.50

7.59%

212.47

1,142.21

16.12

5.8

0.4

6,626.81

EXPOLANKA HOLDINGS

EXPON

7.10

11.75%

4.79

1,099.94

0.56

12.6

1.5

13,879.90

TJL N

13.80

17.53%

9.45

1,084.85

1.66

8.3

1.5

9,039.03

TRANS ASIA

TRANN

82.00

17.82%

28.88

1,029.09

5.15

15.9

2.8

16,400.00

LION BREWERY

LIONN

350.00

17.36%

73.47

1,020.18

12.75

27.4

4.8

28,000.00

TEXTURED JERSEY

5
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

30th

August 2013

Analysis of 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.
(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.Thus, the negative value would denote that the warrant is overvalued at the current price (assuming the underlying
stock.)

Exercise
price
CLPL-W-0013
CLPL-W-0014
GREG-W-0003
GREG-W-0006
REEF-W-0019

118.00
142.00
36.00
39.00
40.00

Share Price
(2013/08/30)
72.00
72.00
11.50
11.50
15.90

Expiry Date

Warrant Price
(2013/08/30)

25-Aug-14
25-Aug-15
24-Feb-14
24-Feb-15
15-Jun-15

1.10
1.60
0.30
0.90
1.20

6
A member of Asia Capital Group

Price According to
Black Scholes model
(Intrinsic value)
0.00
0.00
0.00
0.00
0.00

Undervalued/
(Overvalued)
(1.10)
(1.60)
(0.30)
(0.90)
(1.20)

Weekly Review by Asia Wealth Management Research

30th

August 2013

Commodity Prices
Date as at

Brent Crude Oil (USD/barrel)

08.08.13

16.08.13

23.08.2013

30.08.2013

WoW %
change

107.4

109.7

110.2

115.2

4.5

METALS
Gold (USD/ounce)

1,294.9

1,360.1

1,376.8

1,399.8

1.7

Copper LME (USD/ton)

6,983.8

7,309.5

7,320.0

7,153.0

-2.3

14.08.13

21.08.2013

28.08.2013

WoW %
change

458.30

481.78

5.1

23.08.2013

29.08.2013

WoW %
change

n/a

390.0

23.08.2013

30.08.2013

WoW %
change

132.40
176.19
205.87
1.33
21.57

133.19
176.19
206.41
1.35
21.71

0.6
0.3
1.5
0.6

AGRI
Date as at
Tea LKR/Kg
Date as at
Rubber (RSS 1) LKR /Kg
Exchange Rates (LKR)
USD
EURO
STG (GBP)
YEN
YUAN (CNY)

08.08.13
446.65
08.08.13
390.00
08.08.13
131.65
175.65
204.06
1.36
21.52

453.02
13.08.13
390.00
16.08.13
131.65
175.79
205.68
1.35
21.55

Source: Bloomberg, CBSL, RDDSL, Asia Siyaka, Citi Bank

Oil
Crude oil prices rose sharply to $117.0 at the beginning of the week over concerns that attacks on Syria will disrupt
Middle Eastern oil supplies. However, prices dipped paring the initial sharp gains as fears over the said attack minimised,
subsequent to the U.K lawmakers rejecting a motion for military action against Syria.

Gold
Gold prices trended upwards as traders of gold became bullish on a military action against Syria. Gold futures for
December delivery increased to 1.9% to settle at $1,420/ounce on the Comex in NY. However, gold fell back on Thursday
pausing the 5-day rally as plans over U.S led military strike was restrained, whilst investor attention was focused on strong
economic growth in the U.S along with the Federal Rev serves plans to restrict their stimulus programme.

7
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

30th

August 2013

Copper
Copper prices slid during the week amidst speculation over a possible U.S military strike on Syria. In addition, the rise in
of copper supplies in China(the worlds top most consumer of metal) also placed a downward pressure on the copper
prices.

Forex Markets
Majority of the Asian region currencies fell led by the steep dip in Indias rupee and Indonesias rupiah, as a result of
investors pulling-off money from regional assets to the west as a result of an expected economic slowdown in the region.
However, Yen rose on Friday against the Dollar and the Euro as it remained a safe haven amidst concerns regarding
further depreciation of emerging markets.

Source: Bloomberg

8
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

30th

August 2013

Conclusion
Depreciation of the Sri Lankan Rupee
Sri Lankan rupee hit an all time low of 135.20 per US Dollar on Wednesday and ended the week at 135.00.
The depreciation of the Indian rupee by circa 19% coupled with the depreciation of the currencies of Sri
Lankas other trading partners such as Indonesia and Thailand can be cited as the main reasons for the
weakening of Sri Lankan rupee against the US dollar. The sharp depreciation of the Indian rupee tends to
increase the demand created by the LKR on the US dollar given that over 20% of Sri Lankas imports are
from India. The importers would tend to create more demand for Indian imports given that the depreciating
Indian rupee reduces the supply price of Indian exports to Sri Lanka causing the local currency to
depreciate.
On the other hand, foreign investors ended up as net sellers of government securities to the tune of circa
LKR 10 billion during the week ending on 28th August reflecting the regional trend in the flow of portfolio
investments from emerging markets to developed markets. The imposition of 100% margin deposit
requirements by the Central Bank today against the Letter of Credits opened with commercial banks for
the import of motor vehicles is a measure taken in this regard to limit the importation of nonessential
vehicles and thereby lessen the pressure on the LKR to depreciate without adversely affecting the supply of
essential imports to the country.

9
A member of Asia Capital Group

30th

Weekly Review by Asia Wealth Management Research

Focus on Investment Key Buys


Manufacturing
X LKR 19.60

35
33
31
29
27
25
23
21

LKR

Tokyo Cement
N LKR 23.80

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.

TKYO

LKR

23
22
21
20
19
18
17
16

TKYOX
N LKR 108.20

.0

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 54bn as at Mar 2013, and an island wide
branch net work of 89. With satisfactory liquidity levels and capital
adequacies, company is poised to take advantage in any growth in
credit demand.The projected decline in 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.

Piramal Glass

Manufacturing

180
170
160
150
140
130
120
110
100
LKR

Banking & Finance

LFIN

N LKR 5.50

7.5
7
6.5
6
5.5
5
4.5

LKR

LB Finance

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.

GLAS

10
A member of Asia Capital Group

August 2013

30th

Weekly Review by Asia Wealth Management Research

Focus on Investment Contd...


Banking & Finance
X- LKR 110.50

180
170
160
150
140
130
120

LKR

Hatton National Bank


N-LKR 152.50

HNB is the second largest private commercial bank with a total asset
base of LKR459.4bn as at end 2012, and number one private bank in
terms of branches with a strong network of over 247. 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 expected drop in 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.

HNB
140
130
120
110
100
90
80

LKR

HNBX

Banking& Finance

248
228
208
188
168
148
128

LKR

Sampath Bank
N LKR 187.20

The bank expects a moderate pace on branch expansions for 2013 as it


has achieved sufficient coverage while aggressively developing and
promoting electronic banking channels. As the pioneer in blending IT
with banking, the company will revamp its existing products and
innovate new customer focus products. The bank is well poised to take
advantage of the current economic developments taking place in the
country. The credit ceiling that existed during 2012, limited the growth
of LCBs, including Sampath bank. However, the removal of the ceiling
from 2013, and the anticipated drop in interest rates coupled with
SAMPs strong capital adequacies, would enable the bank to enter
another growth phase in its performance. Therefore considering these
factors we rate SAMP as a mid to longer term investment.

Construction

24

LKR

Access Engineering
N LKR 20.50

SAMP

22

Access Engineering (AEL) is a total solutions provider in the


construction industry with activities ranging from engineering designs,
geotechnical services, piling and horizontal drilling. The firm is the
premiere choice for large & specialized construction activities such as
roads & highways, ports & marine, water & waste management, whilse
its clientele includes government entities such as the Road Development
Authority (RDA), Urban Development Authority (UDA) and Board of
Investments (BOI) as well as private sector firms such as Dialog Axiata,
Taisei Corporation etc.. The firm is well poised to capitalize on the
construction boom taking place in the Island with its proven track record.

20

18
16
14

AEL

11
A member of Asia Capital Group

August 2013

30th

Weekly Review by Asia Wealth Management Research

Stock Exchange Announcements


As at 23rd August2013
Dividends announcements

Company
Samson International PLC
Ceylon Tea Brokers PLC
Onally Holdings PLC
Hayleys Fibre PLC
Richard Pieris and Company PLC
First Capital Holdings PLC
Royal Palms Beach Hotels PLC
Tangarine Beach Hotel PLC
Bairaha Farms PLC
ACL Cables PLC
Dankotuwa Porcelain PLC
Lanka IOC PLC
Orient Finance PLC
Alliance Finance Company PLC
Convenience Foods Lanka PLC
HVA Foods PLC
Trade Finance & Investments PLC
Swadeshi Industrial Works PLC
Lanka Ashok Leyland PLC
Kandy Hotels Company (1938) PLC
Harischandra Mills PLC
Cargills (Ceylon) PLC
Renuka City Hotels PLC
Cargo Boat Development Company PLC
Lanka Ventures PLC
Lankem Ceylon PLC
Arpico Finance Company PLC
Chilaw Finance PLC
Renuka Agri Foods PLC
Renuka Holdings PLC
Renuka Shaw Wallace PLC
Elpitiya Plantations PLC
Distilleries Company of Sri Lanka PLC
J. L. Morison Sons & Jones (Ceylon) PLC
Colonial Motors PLC
Lanka Milk Foods (CWE) PLC
Gestetner of Ceylon PLC
E-Channelling PLC
The Colombo Fort Land & Building PLC

Dividend
Per share
(LKR)
2.00
0.17
1.50
0.30
0.25
2.00
0.80
0.50
1.50
1.00
0.40
1.00
0.20
15.00
1.50
0.20
0.91
1.00
10.00
0.02
25.00
1.30
4.00
1.50
1.00
1.50
2.00
0.50
0.10
0.70
0.30
0.50
3.00
2.00
3.00
1.50
4.00
0.50
0.30

Final/ Interim
First & Final
First & Final
Final
Interim (Not liable to 10% dividend tax)
Interim
Interim
First & Final
First & Final
Final
Interim
Final
Final
First & Final
Final
First & Final
First & Final
Final
Final
First & Final
Final
Final
Final (out of dividend income-net of tax)
First & Final
First & Final
Final
First & Final
First & Final
First & Final
Final
Final (Voting & Non-Voting)
Final (Voting & Non-Voting)
First & Final
Final
First & Final
First & Final
First & Final
First & Final
Final
First & Final

12
A member of Asia Capital Group

XD Date
22-08-2013
22-08-2013
23-08-2013
23-08-2013
28-08-2013
03-09-2013
04-09-2013
04-09-2013
05-09-2013
06-09-2013
12-09-2013
16-09-2013
17-09-2013
18-09-2013
20-09-2013
20-09-2013
20-09-2013
23-09-2013
23-09-2013
23-09-2013
23-09-2013
23-09-2013
24-09-2013
24-09-2013
24-09-2013
25-09-2013
25-09-2013
26-09-2013
26-09-2013
26-09-2013
26-09-2013
27-09-2013
30-09-2013
30-09-2013
30-09-2013
01-10-2013
01-10-2013
01-10-2013
01-10-2013

Payment
Date
02-09-2013
02-09-2013
03-09-2013
03-09-2013
30-08-2013
12-09-2013
13-09-2013
13-09-2013
16-09-2013
17-09-2013
20-09-2013
25-09-2013
26-09-2013
27-09-2013
30-09-2013
30-09-2013
30-09-2013
30-09-2013
27-09-2013
01-10-2013
01-10-2013
01-10-2013
27-09-2013
27-09-2013
02-10-2013
03-10-2013
03-10-2013
04-10-2013
04-10-2013
04-10-2013
04-10-2013
07-10-2013
08-10-2013
08-10-2013
08-10-2013
02-10-2013
08-10-2013
09-10-2013
09-10-2013

August 2013

Weekly Review by Asia Wealth Management Research

30th

August 2013

Stock Exchange Announcements Contd...


Rights issues
Company

Proportion / Issue Price

XR date

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.

Pelwatte Sugar

01 for 04 @ LKR18.00

The KingsburyPlc

03 for 08 @ LKR 10.00

15-08-2013

John Keells Holdings


PLC

02 for 13

To be notified

13
A member of Asia Capital Group

Last Date Of
Acceptance &
Payment

03-09-2013

26-08-2013

Weekly Review by Asia Wealth Research

30 August 2013

Valuation Guide
Company

YE SH
(mn)

M.CAP Price
(Bn)

Earnings(LKR Mn)
FY10

FY11

FY12

FY13

EPS
FY14E FY10 FY11 FY12

PE
FY13 FY14E FY10 FY11 FY12 FY13

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

318.84
80.04
794.14
54.54
167.76
164.69

48.6
8.8
91.3
5.0
31.4
24.3

152.50
110.50
115.00
91.00
187.20
147.50

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

8,111.0
8,111.0
10,079.8
10,079.8
5,342.6
8,853.8

10,003.5
10,003.5
10,179.2
10,179.2
4,488.7
3,997.5

11,625.6
11,625.6
12,351.5
12,351.5
5,952.6
4,973.1

12.0
12.0
6.5
6.5
20.8
12.8

15.4
15.4
9.5
9.5
24.7
16.4

20.3
20.3
11.9
11.9
31.8
53.8

25.1
25.1
12.0
12.0
26.8
24.3

29.1
29.1
14.6
14.6
35.5
30.2

12.7
9.2
17.7
14.0
9.0
11.6

9.9
7.2
12.1
9.5
7.6
9.0

7.5
5.4
9.7
7.7
5.9
2.7

6.1
4.4
9.6
7.6
7.0
6.1

5.2
3.8
7.9
6.3
5.3
4.9

8.50
8.50
6.50
6.50
6.00
15.00

5.6%
7.7%
5.7%
7.1%
3.2%
10.2%

16%
16%
19%
19%
20%
36%

129.4
129.4
62.4
62.4
162.2
151.1

1.2
0.9
1.8
1.5
1.2
1.0

CONGLOMERATES
John Keells Hold.
Aitken Spence Hold.

Mar
Mar

857.92
406.00

184.5
47.1

215.00
116.00

5,201.5 8,245.6
2,059.6 2,536.0

9,775.0
3,709.2

12,201.1
3,266.8

12,425.0
5,089.4

6.1
5.1

9.6
6.2

11.4
9.1

14.2
8.0

14.5
12.5

35.5
22.9

22.4
18.6

18.9
12.7

15.1
14.4

14.8
9.3

3.50
1.50

1.6%
1.3%

14%
12%

104.7
69.1

2.1
1.7

FOOD & BEVERAGE


Distilleries
Ceylon Tobacco

Mar
Dec

300.00
187.32

55.7 185.50
219.2 1170.00

2,135.7 8,124.0
5,097.1 6,568.8

5,675.4
8,176.7

5,519.7
8,097.4

8,918.3
8,083.5

7.1
27.2

27.1
35.1

18.9
43.7

18.4
43.2

29.7
43.2

26.1
43.0

6.9
33.4

9.8
26.8

10.1
27.1

6.2
27.1

45

0.0%
3.9%

11%
239%

164.6
18.2

1.1
64.2

TOURISM
Asian Hotels & Properties
Aitken Spence Hotel

Mar
Mar

442.78
336.29

30.6
22.5

69.00
67.00

629.8 1,774.5
523.8 1,034.1

2,150.6
1,395.3

2,494.3
1,782.1

2,617.7
1,747.0

1.4
1.6

4.0
3.1

4.9
4.1

5.6
5.3

5.9
5.2

52.7
43.0

18.7
21.8

14.2
16.1

12.2
12.6

11.7
12.9

4.00
1.00

5.8%
0.0%

11%
14%

49.0
38.4

1.4
1.7

MANUFACTURING
Chevron Lubricants
Tokyo (V)
Tokyo (NV)
Piramal Glass
Textured Jersey

Dec
Mar
Mar
Mar
Mar

120.00
222.75
111.38
950.09
655.00

34.8
5.4
2.2
5.2
9.0

290.00
24.40
19.80
5.50
13.80

1,501.3 2,000.6
369.3
855.7
369.3
855.7
(61.1)
578.7
577.0
685.0

2,257.3
973.2
973.2
686.4
629.0

2,583.5
827.9
827.9
724.4
1,016.0

2,678.2
1,505.0
1,505.0
948.2
1,097.0

12.5
1.1
1.1
(0.1)
0.9

16.7
2.6
2.6
0.6
1.0

18.8
2.9
2.9
0.7
1.0

21.5
2.5
2.5
0.9
1.6

22.3
4.5
4.5
1.0
1.7

23.2
22.1
17.9
N/A
N/A

17.4
9.5
7.7
9.0
N/A

15.4
8.4
6.8
7.6
14.4

13.5
9.8
8.0
5.9
8.9

13.0
5.4
4.4
5.5
8.2

11.00
1.00
1.00
0.38
1.24

3.8%
4.1%
5.1%
6.9%
9.0%

55%
12%
12%
20%
16%

34.4
20.1
20.1
3.8
9.4

8.4
1.2
1.0
1.4
1.5

Construction
Access Engineering

Mar

1000.00

20.5

20.50

1733.00

2382.00

2613.00

0.8

1.0

1.7

2.4

2.6

N/A

N/A

11.8

8.6

7.8

0.50

0.1%

19%

12.5

1.6

808.0

962.0

*Companies with their financial year ending in December would carry forecasted figure for FY13.

14
A member of Asia Capital Group

Weekly Review by Asia Wealth Research

30 August 2013

Broad Market
Company

Year
End

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
VALLIBEL FINANCE
SINHAPUTRA
SINGER FINANCE
BIMPUTH LANKA INVESTMENTS
TRADE FINANCE

Price
(LKR) 1W(%)

Price Performance
1M(%) 1Q(%)

1Y(%)

Shares Trailing
Mn
ROE

(1.98)
(1.56)

(3.37) (9.62)
(4.44) (10.43)

11.10
9.82

12.75%
14.57%

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

115.00 (1.37)
91.00 (2.99)
122.50 (4.38)
152.50
1.53
110.50 (3.06)
59.50 (0.99)
147.50 (2.09)
16.70 (1.18)
187.20 (0.74)
58.90
0.17
31.70 (3.66)
30.00 (12.54)
16.00 (3.61)

(1.45)
(3.91)
(4.52)
(1.55)
0.64
(4.92)
(10.24)
(5.65)
(6.25)
(5.15)
(10.99)
(18.92)
(11.11)

(6.18)
9.90
(8.73)
8.20
(14.41)
2.43
(10.41)
6.13
(12.76)
10.36
(10.60)
7.73
(15.31)
25.02
(19.71) (12.57)
(16.32)
4.34
(13.51)
6.13
(15.73)
7.48
(33.18) (42.86)
(16.23)
10.34

ACAPN
ALLIN
ARPIN
CFINN
CSF N
LOLCN
LFINN
MBSLN
PMB N
SEMBN
SEMBX
TFC N
TFC X
CRL N
VFINN
SFL N
SFINN
BLI N
TFILN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB

M
M
M
M
M
M
M
D
M
D
D
M
M
M
M
M
M
M
M

18.00 (16.89)
890.00 (1.18)
81.40 (12.47)
184.90
1.94
6.70
50.10 (0.79)
108.20
4.41
13.80 (0.73)
11.60
0.87
0.70
0.30
10.50
2.00
3.60 (8.33)
30.00
8.87
28.00 (1.42)
99.50 (7.87)
11.30 (5.04)
18.40 (9.36)
13.60 (0.71)

(15.74)
(0.73)
(14.32)
1.44
(21.84)
(11.17)
(5.56)
(14.47)
(12.78)
(20.93)
(19.51)
5.50
(7.67)
14.50
(10.32)
1.10
(4.14)

(35.00)
(7.47)
(19.41)
(3.47)
(37.61)
(17.73)
(16.24)
(24.44)
(29.70)
(22.22)
(25.00)
(31.08)
(34.00)
(4.66)
(17.80)
22.84
(22.07)
(31.60)
(10.32)

(48.30)
36.99
(11.52)
20.55
(38.74)
(1.96)
(16.24)
(42.13)
(24.18)
(36.36)
(25.00)
(53.64)
(40.00)
(6.97)
(20.40)
22.09
(14.39)
(29.50)
12.10

15
A member of Asia Capital Group

794.14
54.54
265.10
318.84
80.04
230.61
164.69
295.04
167.76
175.98
168.98
64.71
349.25
110.00
2.43
4.46
104.88
249.95
475.20
69.26
135.00
67.50
1191.77
614.07
57.97
100.00
37.45
41.55
6.30
165.33
26.93
56.80

16.60%
16.60%
9.40%
15.29%
15.29%
18.91%
36.44%
15.04%
14.54%
10.02%
10.02%
1.75%
4.37%
12.15%
na
23.05%
11.88%
17.47%
na
9.57%
28.11%
1.49%
na
8.39%
8.39%
na
na
13.88%
29.89%
7.34%
12.54%
10.72%
18.90%

BVPS

65.48
65.48
137.93
135.42
135.42
45.93
146.30
13.89
166.73
58.97
58.97
37.73
14.17
5.24
905.43
100.72
168.24
1.79
43.63
80.43
21.69
16.59
0.52
0.52
-44.43
-44.43
33.32
24.26
130.61
11.31
13.21
12.75

Net Profits
4 Qtrs
trailing

Jun13

Mar13

194,691.37 34,865.69
64,661.43 10,866.21
38,678.69 7,487.77
9,223.20
2,231.0
9,223.20 2,230.95
3,436.26
595.40
8,256.99 2,149.70
8,256.99 2,149.70
2,002.33
478.37
8,780.61
797.75
616.75
10.52
4,065.97
651.74
2,037.51
484.24
2,037.51
484.24
42.67
12.03
216.39
77.07
13,143.96 2,688.16
(700.21) (212.87)
507.05
64.76
53.41
2.10
3,082.42
826.56
(89.42)
(16.04)
1,984.58
693.94
1,565.67
228.02
43.48
8.37
(111.35)
(58.95)
78.19
13.59
78.19
13.59
(1,650.50) (433.26)
(1,650.50) (433.26)
173.19
36.55
301.27
70.49
60.34
11.86
234.51
53.25
38.14
11.39
136.84
46.23

53,008.50
12,335.75
7,566.77
2,256.05
2,256.05
1,226.63
1,262.19
1,262.19
501.93
506.89
151.45
1,055.90
509.51
509.51
38.43
57.79
3,363.04
(240.79)
150.45
20.94
703.25
5.64
171.58
466.10
(2.29)
(25.71)
17.77
17.77
(349.08)
(349.08)
64.76
91.26
13.99
57.03
26.70
30.58

Net Profits (mn)


Dec12
Sep12
64,584.81
29,068.30
15,680.20
2,433.00
2,433.00
795.10
3,168.72
3,168.72
455.50
6,797.20
259.38
1,313.80
454.56
454.56
(7.80)
10.74
3,187.29
(101.30)
147.63
20.00
756.28
2.03
513.84
442.40
6.92
(27.97)
19.00
19.00
(510.40)
(510.40)
32.78
72.60
15.30
63.04
1.23
27.88

46,873.54
12,639.67
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
4,153.98
(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)
39.10
66.92
19.19
61.19
(1.17)
32.16

Trailing Trailing
EPS
PE

PBV Market Cap


(mn)

12.34
9.42

1.57 2,402,882.70
1.37

10.87
10.87
12.96
20.70
20.70
8.68
53.31
2.09
24.24
5.91
5.91
0.66
0.62

10.6
8.4
9.5
7.4
5.3
6.9
2.8
8.0
7.7
10.0
5.4
45.5
25.8

1.8
1.4
0.9
1.1
0.8
1.3
1.0
1.2
1.1
1.0
0.5
0.8
1.1

91,326.57
4,963.43
32,474.47
48,623.64
8,844.54
13,721.13
24,292.22
4,927.19
31,404.11
10,365.07
5,356.76
1,941.32
5,588.00

na
208.66
11.97
29.39
na
4.18
22.61
0.32
na
0.04
0.04
na
na
4.62
7.25
9.58
1.42
1.42
2.41

na
4.3
6.8
6.3
na
12.0
4.8
42.8
na
16.2
6.9
na
na
6.5
3.9
10.4
8.0
13.0
5.6

3.4
1.0
0.8
1.1
3.8
1.1
1.3
0.6
0.7
1.4
0.6
-0.2
-0.1
0.9
1.2
0.8
1.0
1.4
1.1

1,980.00
2,162.70
363.25
19,392.93
1,674.68
23,807.52
7,493.62
1,863.00
783.00
834.24
184.22
608.65
360.00
1,123.62
1,163.42
626.44
1,868.27
495.57
772.49

Weekly Review by Asia Wealth Research

Company
CITIZENS DEVELOP. BUS.FINANCE
CITIZENS DEVELOP.BUS.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]
AIA INSURANCE LANKA
HNB ASSURANCE
UNION ASSURANCE
JANASHAKTHI
Venture Capital Co.s
NDB CAPITAL
FIRST CAPITAL
LANKA VENTURES

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
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
D
M
M

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

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
0.49
(4.00) (11.88)
3.82
(2.47)
8.90 (4.31)
16.78
- 150.00
(6.25)
(16.67) (50.00) (72.73)
1.59
(9.22)
6.67 (22.42)
(6.40)
(5.65) (9.30) (27.78)
(14.88)
(26.67) (48.93) (59.94)
(6.67)
(6.67) (17.65) (26.32)
(7.00)
(1.54) (0.31) (20.25)
(36.36) (68.18) (84.78)
0.82
(5.15) (5.88) (11.93)
(6.83)
(14.29) (36.17) (50.00)
(1.15)
7.50
28.36
(15.00)
(34.62) (46.88) (48.48)
2.70
(7.32) (27.76) (26.64)
0.70
- (4.03)
28.83
(10.53)
(10.53) (29.17) (39.29)
1.38
(2.00)
2.08 (20.97)
(2.75)
(2.87) (6.71)
2.91
(2.56)
(5.00) (13.64)
11.76
0.74
13.56
1.12
-

40.80
35.50
50.00
1.60
12.90
11.80
2200.00
14.20
2.80
32.50
0.70
369.90
15.00
8.60
3.40
18.90
14.30
1.70
14.70
77.90
3.80
680.00

1.40
86.10 (10.13)
1050.00 (4.77)
380.00 (2.56)
300.10 (1.61)
48.40 (3.20)
107.00 (2.19)
13.70 (2.17)
460.50
19.10
37.00

(5.83)
6.21
2.78

(6.67) (12.50) (17.65)


(16.97) (18.00) (4.33)
(17.97)
0.53
34.62
(11.15)
3.63
25.87
(3.63) (5.72)
11.56
(3.20) (10.37) (3.20)
15.05
7.00
9.18
(2.17) (2.17)
12.50
(5.25)
1.62
5.71

(6.02)
16.77
2.78

43.59
35.25
1.37

16
A member of Asia Capital Group

Shares
Mn
46.30
8.01
53.37
500.00
33.90
238.07
3.01
22.46
2800.00
37.00
83.43
5.61
38.77
100.72
299.20
33.00
1579.86
559.47
115.63
25.18
6377.71
22.50

Trailing BVPS
ROE
19.43%
56.61
19.43%
56.61
37.79%
29.51
4.00%
0.83
8.05%
11.61
45.87%
6.83
13.58% 1903.97
na
14.91
10.50%
1.96
7.62%
12.06
na
2.27
23.63% 125.30
1.20%
8.02
6.28%
5.35
na
5.67
15.61%
22.62
15.98%
11.99
9.31%
1.35
17.53%
7.02
9.90% 134.88
11.94%
1.27
na
14.40

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

9.59%
4.76%
14.26%
14.26%
15.88%
20.11%
23.52%
28.48%

1.01
43.86
534.67
534.67
134.29
36.89
47.33
9.17

32.90 131.15%
101.25 22.64%
50.00 16.62%

164.67
18.98
23.43

30 August 2013

Net Profit
4Qtrs
597.29
597.29
595.15
16.52
31.70
746.04
777.18
(110.76)
575.39
34.00
(512.98)
166.08
3.73
33.79
(173.54)
116.53
3,027.00
70.44
142.37
336.27
966.14
(1.96)

Jun'13
135.02
135.02
76.17
(40.59)
6.50
172.99
95.19
(39.20)
76.50
2.12
(182.14)
50.27
(4.05)
7.63
(101.10)
6.12
681.00
15.90
9.74
80.63
294.50
(1.02)

Mar'13
143.80
143.80
184.40
1.10
12.80
313.20
169.90
(54.70)
171.60
13.70
(182.64)
39.80
(2.10)
8.70
(65.80)
42.00
1,006.00
18.20
41.00
117.10
199.80
(17.00)

Dec'12
169.97
169.97
156.48
21.26
8.87
126.58
157.79
(10.48)
62.77
4.46
(117.04)
38.95
4.11
9.95
12.34
38.30
534.00
19.79
38.85
73.18
273.73
10.37

5,102.77
97.05
78.30
2,013.84
2,013.84
639.85
370.93
954.22
948.58
7,736.01
7,106.35
434.94
194.72

364.86
17.20
-56.60
162.70
162.70
-9.26
54.71
78.36
117.75
325.42
211.05
62.04
52.33

788.20
33.20
36.20
326.60
326.60
32.00
50.10
111.40
198.70
617.74
337.37
220.35
60.02

3,629.66
70.86
138.81
1,364.04
1,364.04
514.02
211.26
698.56
632.13
6,571.15
6,439.40
79.51
52.24

Net
Sep'12
148.50
148.50
178.10
34.75
3.53
133.27
354.30
(6.38)
264.52
13.72
(31.16)
37.07
5.77
7.51
(18.98)
30.11
806.00
16.55
52.78
65.36
198.11
5.69
320.05
(24.20)
(40.10)
160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13

Trailing Trailing PBV Mkt Cap Mn


EPS
PE
11.00
3.7
0.7
1,889.01
11.00
3.2
0.6
284.21
11.15
4.5
1.7
2,668.40
0.03
48.4
1.9
800.00
0.93
13.8
1.1
437.33
3.13
3.8
1.7
2,809.28
258.54
8.5
1.2
6,613.20
1.12
na
1.0
318.96
0.21
13.6
1.4
7,840.00
0.92
35.4
2.7
1,202.50
0.00
na
0.3
58.40
29.61
12.5
3.0
2,074.53
0.10
155.9
1.9
581.49
0.34
25.6
1.6
866.16
-0.93
na
0.6
1,017.28
3.53
5.4
0.8
623.70
1.92
7.5
1.2
22,592.03
0.13
13.5
1.3
951.10
1.23
11.9
2.1
1,699.69
13.36
5.8
0.6
1,961.16
0.15
25.1
3.0
24,235.30
0.00
na 47.23
15,300.00

0.09
1.36
76.24
76.24
21.33
7.42
11.13
2.61

15.0
63.2
13.8
5.0
14.1
6.5
9.6
5.2

1.4
2.0
2.0
0.7
2.2
1.3
2.3
1.5

1,400.00
3,228.75
21,000.00
2,437.50
9,003.00
2,420.00
9,171.43
4,973.10

215.97
4.30
3.89

2.1
4.4
9.5

2.8
1.0
1.6

15,152.72
1,933.88
1,850.00

Weekly Review by Asia Wealth Research

Company

Year
End

BEVERAGE FOOD AND TOBACCO


BAIRAHA FARMS
CARGILLS
CEYLON BEVERAGE HOLDINGS
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

134.00
157.00
528.00
154.00
630.10
1170.00
16.00
14.00
199.90
185.50
2300.00
65.00
48.20
350.00
112.10
2,150.00
29.50
3.80
45.90
2.20
9.40

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

74.00
60.00
36.00
182.00
191.30
329.00
180.00
134.00
52.50
1.10
400.00
1.50

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.26
5.08
4.63
52.95
2.29
(0.74) (5.70) (7.90)
4.32
1.29 (10.29)
8.05
7.98
(3.47) (4.38)
65.00
(3.81)
(5.76) (13.05)
21.56
(1.88)
(1.15) (3.28) (1.54)
5.58
9.34
19.52
70.36
(4.19)
(12.09) (29.82) (70.09)
(3.45)
(12.50) (24.73) (63.25)
7.01
6.33 (8.76)
25.80
(3.39)
(3.39) (8.67)
42.04
(2.97)
9.51
7.77 (11.55)
6.56
(2.84) (19.75) (5.80)
(4.74)
5.93
6.17
38.11
(1.89)
(1.89) (15.90)
50.30
(4.76)
(2.52) (10.32)
20.54
(3.20)
9.42
6.61
85.29
(9.38)
(18.31) (29.78) (51.59)
(2.56)
(5.00) (13.64) (25.49)
4.32
5.28 (5.75)
(4.35)
(4.35) (15.38) (29.03)
(8.65)
(13.64) (27.48) (31.65)
1.52
5.71
2.74
(9.77)
(1.57)
3.76
(0.30)
6.18
(4.36)
(7.69)
(2.32)
36.36

(3.67)
205.00 (3.92)
4.20 (16.00)
25.00 (9.71)
20.50 (2.39)

Shares Trailing
Mn
ROE
20.28%
16.00 9.29%
224.00 3.77%
20.99 15.89%
95.04 20.38%
20.00 14.48%
187.32 170.01%
89.77 0.49%
4.77 0.49%
2.75 28.35%
300.00 11.31%
0.96 11.24%
25.50 6.35%
31.40 13.65%
80.00 17.36%
40.00 4.50%
53.73 134.24%
23.55 1.45%
561.75 4.89%
30.00 9.79%
282.21 4.82%
66.43 7.23%

(6.76)
(3.14)
(15.49)
(35.83)
8.39
(31.98)
77.65
38.57
(1.40)
(14.33)
(33.33)
(32.20)
(87.70)

(3.96) (8.31)
11.59
(6.56) (13.43)
2.36
(26.32) (40.00) (42.47)
(13.75) (17.70) (11.93)
- (1.92)
25.93

(4.48)
10.61
(18.18)
(8.26)
(10.02)
(7.32)
(14.29)
(4.49)
(15.84)
(7.69)
(10.41)
15.38

(16.06)
(16.76)
(16.67)
(31.43)
(8.90)
(26.68)
(4.97)
(17.81)
(21.18)
(29.59)
(25.00)
(14.03)
(71.70)

17
A member of Asia Capital Group

BVPS

30 August 2013

108.25
53.61
144.17
94.23
402.82
26.91
23.64
23.64
137.85
167.97
999.22
61.78
25.76
73.47
242.06
47.82
33.66
3.46
26.39
2.72
7.75

Net Profit
4Qtrs
23,957.44
160.93
453.11
480.79
1,825.04
1,166.67
8,570.00
10.97
10.97
107.48
5,701.10
107.78
100.08
110.39
1,020.18
435.28
3,449.27
11.52
95.03
77.51
37.09
37.21

Jun'13
6,416.51
52.18
121.36
102.78
160.22
159.08
2,823.00
22.88
22.88
14.45
1,643.19
24.52
29.76
20.54
287.70
85.59
787.32
19.87
34.00
15.77
4.24
8.07

-27%
Mar'13
5,857.07
84.62
123.48
110.55
1,422.92
319.97
1,463.00
(83.02)
(83.02)
62.94
968.45
31.27
27.48
38.58
232.28
82.56
914.02
21.75
(11.70)
29.62
7.42
10.87

Dec'12
5,449.31
5.63
127.20
98.37
62.51
231.42
1,984.00
31.31
31.31
26.20
1,472.85
29.66
37.87
35.16
185.68
188.58
949.80
(33.67)
6.06
1.50
5.70
3.49

Net
Sep'12
6,234.55
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
66.66
30.62
19.73
14.79

Trailing Trailing
EPS
PE
21.92
10.06
13.3
2.02
77.6
22.91
23.0
19.20
8.0
58.33
10.8
45.75
25.6
0.12
137.9
0.12
120.7
39.09
5.1
19.00
9.8
112.29
20.5
3.92
16.6
3.52
13.7
12.75
27.4
10.88
10.3
64.20
33.5
0.49
60.3
0.17
22.5
2.58
17.8
0.13
16.7
0.56
16.8

6.81%
15.75
na
72.90 2.35%
21.87 2.35%
29.71 20.76%
0.67 2.63%
5.81 8.53%
1.74 8.53%
24.00 5.08%
5.54
na
283.00 14.45%
1.50 9.95%
101.00
na

79.43
81.09
81.09
153.34
135.65
256.91
256.91
150.48
53.92
0.63
195.83
1.33

1,364.42
(29.50)
180.74
180.74
945.73
2.38
165.47
165.47
183.40
(8.37)
25.66
29.23
(130.32)

(44.92)
(1.22)
(75.27)
(75.27)
199.89
0.57
30.19
30.19
(185.44)
2.29
7.85
2.62
(26.41)

328.15
(25.63)
55.28
55.28
305.87
0.82
52.52
52.52
72.81
(15.44)
0.26
9.40
(127.74)

702.71
(12.51)
152.10
152.10
196.73
0.52
46.24
46.24
307.20
(6.25)
4.12
11.27
3.29

378.49
9.86
48.63
48.63
243.24
0.47
36.52
36.52
(11.17)
11.03
13.43
5.94
20.54

na
1.91
1.91
31.83
3.57
21.91
21.91
7.64
na
0.09
19.49
na

15.46%
71.86 12.00%
60.00
na
114.36 10.88%
1000.00 22.50%

142.76
10.33
39.01
13.04

4,387.91
1,230.80
(261.16)
485.45
2,932.82

766.12
117.39
(66.45)
160.97
554.22

1,046.29
336.04
(204.33)
183.20
731.38

1,357.34
434.21
36.45
51.74
834.95

1,218.16
343.17
(26.82)
89.54
812.27

17.13
na
4.25
2.93

PBV Mkt Cap Mn


4.45
1.2
2.9
3.7
1.6
1.6
43.5
0.7
0.6
1.5
1.1
2.3
1.1
1.9
4.8
0.5
45.0
0.9
1.1
1.7
0.8
1.2

2,144.00
35,168.00
11,081.71
14,636.16
12,602.00
219,168.79
1,436.35
66.83
549.73
55,650.00
2,207.54
1,657.50
1,513.48
28,000.00
4,483.78
115,509.75
694.58
2,134.65
1,377.00
620.86
624.43

13.67
na
31.5
18.9
5.7
53.5
15.0
8.2
17.5
na
12.1
20.5
na

0.93
0.9
0.7
0.4
1.2
1.4
1.3
0.7
0.9
1.0
1.8
2.0
1.1

1,165.50
4,374.00
787.32
5,407.65
127.51
1,910.93
313.65
3,216.00
290.89
311.30
600.00
151.50

8.74
12.0
na
5.9
7.0

1.35
1.4
0.4
0.6
1.6

14,731.08
252.00
2,858.93
20,500.00

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
C T HOLDINGS
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
F L C 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

116.00
365.00
140.00
28.60
280.10
293.00
30.00
215.00
12.00
6.50
30.10
8.90
7.10
2.30
15.60
2.40
1.10
4.00

FOOTWEAR AND TEXTILES


CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

72.00
9.80
20.50
19.40

HOTELS AND TRAVELS


City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
HOTEL DEVELOPERS
KINGSBURY
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

69.00
11.00
94.80
10.40
250.00
26.50
82.00

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(6.56)
(11.66) (19.07) (2.39)
(3.39)
(4.88) (13.41)
1.48
(6.38)
(12.05) (17.70) (16.07)
(3.45) (3.45)
4.87
(1.36)
(7.94) (24.68) (16.67)
7.73
2.23 (4.99) (4.99)
(2.98) (3.01) (5.18)
(6.25)
(8.54) (19.14)
13.64
(10.61)
(17.51) (25.13)
8.38
(4.00) (9.09)
14.29
(7.25)
(8.57) (14.67) (23.81)
(2.27)
(6.81) (10.15)
10.26
2.30
(4.30) (24.58) (14.42)
(4.05)
5.97
2.90
1.43
(4.35)
(8.33) (21.43) (12.00)
(1.89)
(10.34) (21.21) (8.24)
(8.00)
(14.81) (32.35) (36.11)
37.50
(15.38) (71.05) (90.76)
(11.11)
(11.11) (18.37) (24.53)
(1.73)
7.46
(2.02)
(2.38)
(5.39)

(7.95) (20.06) (12.50)


(2.83) (18.18) (19.82)
2.11 (7.62) (1.02)
(10.87) (9.29) (15.29)
(12.27) (24.61) (14.22)

(0.50)

(2.71) (13.23) (10.96)

0.73
0.93
1.00
(2.57)
(1.51)
(0.61)

(1.43)
(9.17)
(8.18)
(1.88)
(5.78)
9.20

(9.21)
(21.58)
(36.88)
(14.38)
(14.43)
(3.65)

(16.36)
(23.24)
(33.99)
4.17
(10.31)
13.75

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.05%
406.00 11.67%
196.39 13.32%
183.10 9.55%
180.00 4.89%
35.00 5.78%
75.00 9.07%
515.29 12.93%
857.92 13.37%
123.00 12.30%
1958.09 19.89%
133.83 12.43%
779.00 3.65%
1954.92 11.75%
1368.00 7.21%
1086.56 3.81%
1860.00
na
252.00
na
732.95 83.67%
-4.60%
3.35%
na
na
4.86%

34.23
152.34
25.00
272.13

BVPS

69.50
179.38
92.61
44.80
157.21
301.84
24.01
105.70
12.45
4.22
30.86
9.48
4.79
4.68
28.51
5.70
5.19
4.03

Net Profit
4Qtrs
33,442.59
3,293.21
4,691.88
1,619.01
394.62
318.11
2,054.33
1,600.04
12,128.76
188.34
1,642.37
513.38
269.14
1,099.94
461.26
1,181.31
(206.51)
(276.31)
2,469.72

Jun'13
4,826.50
666.94
585.12
665.44
(60.31)
42.06
418.39
276.71
1,586.40
18.31
185.19
65.39
38.97
323.07
(32.95)
146.28
(54.96)
(85.73)
42.17

Mar'13
11,696.96
1,193.17
2,408.60
388.39
78.68
85.12
490.84
590.54
5,232.99
132.00
330.59
145.24
11.98
277.51
224.70
242.33
(53.62)
(142.00)
59.90

Dec'12
9,928.45
701.69
823.25
418.12
369.10
108.80
772.62
345.01
2,897.64
17.66
557.07
204.44
84.62
200.09
167.61
364.60
(227.31)
(47.72)
2,171.17

Net
Sep'12
6,990.68
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
101.90
428.10
129.37
(0.86)
196.48

89.00
9.83
28.25
16.69

(450.31)
101.98
(548.59)
(224.46)
220.77

(193.41)
40.99
(90.55)
(195.14)
51.29

(249.94)
9.20
(262.93)
20.18
(16.39)

22.88
35.19
(110.00)
15.96
81.73

(29.84)
16.60
(85.11)
(65.46)
104.14

46.89
15.97
na
4.97
562.59
15.92
28.88

8,497.25
3,997.59
2,477.98
610.70
na
(457.30)
243.09
94.04
1,029.09

273.87
451.01
393.15
67.19

3,864.31
1,286.21
896.80
-5.26

2,346.98
1,111.11
622.66
209.00

-105.20
81.29
-106.92
121.50

-106.80
33.10
25.97
442.40

(138.90)
82.10
87.46
248.79

2,012.09
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40

7.28%
442.78 11.93%
500.83 7.63%
1811.62
na
176.00
na
7.00 6.17%
139.64 4.23%
200.00 17.82%

30 August 2013

Trailing Trailing
EPS
PE
13.40
8.11
14.3
23.89
15.3
8.84
15.8
2.19
13.0
9.09
30.8
27.39
10.7
3.11
9.7
14.14
15.2
1.53
7.8
0.84
7.7
3.84
7.8
0.35
25.8
0.56
12.6
0.34
6.8
1.09
14.3
na
na
na
na
3.37
1.2

2.98
na
na
0.81

5.60
1.22
na
na
34.73
0.67
5.15

PBV Mkt Cap Mn


1.48
1.7
2.0
1.5
0.6
1.8
1.0
1.2
2.0
1.0
1.5
1.0
0.9
1.5
0.5
0.5
0.4
0.2
1.0

47,095.54
71,681.22
25,633.62
5,148.00
9,803.50
21,975.00
15,458.72
184,453.21
1,475.96
12,727.57
4,028.18
6,933.10
13,879.90
3,146.40
16,950.33
4,464.00
277.20
2,931.80

na
24.2
na
na
23.9

1.00
0.8
1.0
0.7
1.2

2,464.83
1,492.96
512.50
5,279.31

35.94

2.62

12.3
9.0
na
na
7.2
39.3
15.9

1.5
0.7
na
2.1
0.4
1.7
2.8

30,551.50
5,509.13
171,741.17
1,830.40
1,750.00
3,700.39
16,400.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)

1Q(%)

1Y(%)

Shares Trailing
Mn
ROE

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

67.00
0.45
70.00 (2.23)
17.90
0.57
15.00 (7.36)
71.20 (7.14)
69.50
35.80
6.82
74.50 (0.80)
49.00
7.90 (5.06)
10.80 (6.84)
41.70 (7.33)
58.00
7.41
16.00 (2.44)
1205.00
0.33
34.50 (2.82)
15.90 (5.92)
28.90 (0.34)
59.90
1.53
34.90
2.05
60.00
1.69
25.50 (0.39)
14.00 (5.41)
5.70 (5.00)
14.00 (2.16)
5.60 (5.17)
5.90 (3.28)
1.30 (12.50)
19.80 (5.26)

(3.18)
(9.09)
(1.68)
(11.18)
(12.70)
(7.33)
7.46
(6.64)
(2.00)
(5.06)
(17.42)
(4.14)
2.47
(10.61)
(6.59)
(6.25)
(12.15)
(9.40)
(5.67)
(1.69)
0.50
(8.50)
(12.31)
(2.86)
(14.06)
(10.61)
(26.32)
(5.71)

(13.10)
(15.56)
(18.14)
(31.98)
(27.78)
(16.77)
(6.17)
(9.43)
(23.47)
(18.05)
(13.84)
(21.09)
(23.08)
(10.74)
(15.85)
(34.57)
(21.68)
(20.13)
(6.18)
(13.29)
(5.56)
(23.08)
(24.00)
(17.58)
(32.93)
(19.18)
(39.13)
(29.29)

(8.59)
(6.54)
22.22
(27.75)
(57.94)
22.14
13.56
(1.46)
(22.96)
17.19
(18.66)
(15.59)
(35.63)
(31.91)
0.41
(12.44)
(47.18)
(41.02)
(15.63)
9.06
(21.88)
10.87
(11.39)
(27.85)
(14.47)
(9.84)
(27.16)
(53.33)
-

336.29
48.03
129.60
171.83
10.82
0.90
52.80
5.86
5.63
577.50
1456.15
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

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

(4.42)
139.00
10.08
168.70 (3.10)
77.50 (5.37)
85.30 (14.70)
103.00
0.68
249.90
3.35
31.00 (5.23)
21.90 (2.22)
27.70 (10.06)

(6.91)
7.75
(1.40)
(10.80)
(17.98)
(10.43)
3.48
(9.41)
(4.35)
(18.29)

(21.14)
(11.34)
(17.71)
(22.32)
(33.36)
(33.55)
0.77
(19.37)
(21.99)
(38.76)

(7.33)
(36.40)
6.77
7.18
(18.84)
(23.25)
(10.97)
(16.76)
(21.15)
(48.93)

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

19
A member of Asia Capital Group

BVPS

14.66%
37.98
14.35%
52.37
5.12%
27.15
na
35.64
na 111.87
na
na
7.59%
44.36
22.76%
39.28
13.29%
56.45
2.49%
10.38
5.96%
11.28
3.90%
50.08
na
na
4.79%
19.70
10.83% 1247.84
8.35%
43.59
1.01%
29.39
6.03%
33.63
7.65%
71.70
15.59%
31.88
3.33% 121.36
12.22%
15.69
12.22%
15.69
na
6.93
14.57%
9.33
na
9.39
na
10.33
na
0.94
6.36%
14.99
11.41%
1.40%
14.31%
14.83%
0.10%
0.35%
na
13.56%
13.56%
na

66.56
184.30
91.05
222.16
243.31
433.76
45.01
45.01
19.03

30 August 2013

Net Profit
4Qtrs Jun13
4,499.66 (177.13)
1,872.31
261.80
360.89
40.29
180.20
37.53
(173.96)
-87.93
(307.93)
-65.91
(24.45)
-17.06
177.73
-19.46
52.39
-7.35
42.21
4.96
149.34
15.86
978.25 -102.42
89.88
-7.99
na
44.38
-12.81
270.84
36.18
110.67
-2.61
28.65
-24.16
101.45
-10.09
49.36
-13.23
157.12
-18.78
80.79
-6.95
213.92
-64.66
213.92
-64.66
(16.30)
-43.49
150.76
-3.41
(130.71)
-38.30
(1.16)
-1.18
(11.89)
-24.82
54.93
-1.15
3,728.02
7.43
2,164.39
1,330.28
1.51
5.57
(46.07)
310.98
310.98
(46.07)

669.59
(6.45)
323.35
222.28
28.62
48.98
17.50
36.32
36.32
-1.01

Mar'13
2,578.10
946.20
127.40
41.20
-79.30
-130.00
-4.20
97.40
26.50
21.70
42.30
741.80
57.10

Dec'12
1,235.87
436.71
82.38
50.87
(16.33)
(89.87)
1.60
73.56
16.74
4.38
40.58
222.37
28.67

24.20
78.90
47.60
35.80
57.30
36.70
93.10
23.40
169.80
169.80
28.70
66.40
-27.20
-7.50
24.00
38.80

13.46
48.20
48.08
12.41
37.27
13.74
52.80
46.66
68.03
68.03
(0.70)
57.36
(41.77)
(2.26)
10.60
20.33

Net
Sep'12
862.82
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
(0.81)
30.41
(23.43)
9.78
(21.67)
(3.06)

1,994.81
(2.89)
1316.50
763.20
-39.90
-56.30
47.90
-36.30
-36.30
2.60

524.63
(5.70)
200.10
196.14
2.29
0.71
(72.90)
263.06
263.06
(59.08)

539.00
22.47
324.44
148.66
10.50
12.18
(38.57)
47.90
47.90
11.42

Trailing Trailing
EPS
PE

PBV Mkt Cap Mn

5.57
7.51
1.39
na
na
na
3.37
8.94
7.50
0.26
0.67
1.95
na
0.94
135.16
3.64
0.30
2.03
5.48
4.97
4.04
1.92
1.92
na
1.36
na
na
na
0.95

12.0
9.3
12.9
na
na
na
10.6
8.3
6.5
30.6
16.1
21.3
na
17.0
8.9
9.5
53.5
14.2
10.9
7.0
14.9
13.3
7.3
na
10.3
na
na
na
20.8

1.8
1.3
0.7
0.4
0.6
na
0.8
1.9
0.9
0.8
1.0
0.8
na
0.8
1.0
0.8
0.5
0.9
0.8
1.1
0.5
1.6
0.9
0.8
1.5
0.6
0.6
1.4
1.3

22,531.43
3,362.40
2,319.84
2,577.38
770.15
62.55
1,890.24
436.50
275.63
4,562.25
15,726.39
1,918.20
159.50
753.06
2,414.66
1,048.51
1,533.99
1,445.00
539.10
1,103.59
1,200.00
1,925.63
504.15
698.25
1,552.41
902.72
918.04
780.00
1,139.96

0.93
26.36
13.50
0.23
0.86
na
6.10
6.10
na

7.33
149.3
6.4
5.7
367.2
120.3
na
5.1
3.6
na

0.84
2.1
0.9
0.9
0.4
0.4
0.6
0.7
0.5
1.5

1,109.99
13,849.72
7,634.90
554.45
669.50
1,279.62
1,380.04
140.78
715.60

Weekly Review by Asia Wealth Research

Company

Year
End

LAND AND PROPERTY


C T LAND
CARGO BOAT
CITY 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
SERANDIB ENGINEERING GROUP
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

M
M
M
M
D
D
M
M
M
M
M
M
D
D
M
M
M
M

26.50
101.20
9.50
9.20
39.60
61.30
11.00
25.90
26.70
62.00
19.20
47.00
17.30
52.00
1200.10
13.00
118.50
2.30

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(3.68)
(8.65) (21.48)
4.07
(3.64)
(5.36) (16.67) (5.36)
(7.96)
(15.25) (17.25)
19.65
(10.38)
(25.78) (34.48) (37.91)
(3.23)
(7.22) (24.37)
5.88
(0.74)
(6.98) (25.37)
2.56
(1.92)
(3.46) (15.45) (0.16)
(14.73)
(19.71) (33.33) (29.94)
(3.72)
(10.69) (25.36) (18.55)
3.49
(1.11) (7.61)
11.72
(11.05) (11.43) (22.40)
(17.09)
(17.45)
10.86
21.25
(0.42)
(3.09) (20.20) (14.55)
(3.41)
(6.08) (18.66)
21.43
1.76
(5.11) (13.33)
26.52
(8.39)
(19.99) (29.41) (32.96)
(7.14)
(9.72) (25.71) (38.39)
(15.36)
(34.17) (32.29) (3.03)
(36.11)
(41.03) (61.02) (85.26)

20
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.00%
48.75 11.61%
10.20 15.70%
13.38
na
147.96 1.01%
199.88 2.36%
12.00 21.91%
138.24
na
40.32 8.57%
31.00 7.91%
1.80
na
17.43 57.34%
17.50 6.32%
843.48 14.96%
66.00 13.05%
0.36 4.35%
12.00 8.02%
6.48
0.19
106.91
0.01

BVPS

54.27
186.58
10.44
28.78
13.51
102.17
9.50
42.06
19.30
na
12.81
61.26
26.91
44.15
663.38
13.55
24.80
30.78

Net Profit
4Qtrs Jun13
5,196.44 1,176.28
307.05
42.93
298.87
228.52
(14.72)
(10.97)
42.93
23.64
63.68
6.64
268.66
26.60
(7.76)
1.69
145.34
9.86
47.33
2.95
(2.64)
128.01
166.76
67.80
19.81
3,394.56
534.29
380.22
97.16
10.40
2.66
13.05
0.42
30.47
5.69
23.19
17.63

30 August 2013

Mar'13
815.31
190.85
18.11
(41.42)
22.88
(3.31)
25.07
(20.74)
121.32
44.86
(1.32)
(9.86)
12.93
475.67
93.03
2.36
6.54
12.23
(133.89)

Dec'12
2,532.48
34.76
25.04
5.90
(30.39)
65.45
199.09
(7.30)
7.25
(0.39)
(1.12)
(18.94)
17.58
2,111.02
102.08
2.59
3.44
2.27
14.15

Net
Sep'12
673.56
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
10.28
125.30

Trailing Trailing
EPS
PE
7.36
6.30
4.2
29.30
3.5
na
na
0.29
31.7
0.32
124.3
22.39
2.7
na
na
3.60
7.2
1.53
17.5
na
na
7.34
2.6
3.87
12.1
4.02
4.3
5.76
9.0
28.88
41.6
1.09
12.0
4.70
25.19
0.22
10.60

PBV Mkt Cap Mn


0.81
0.5
0.5
0.9
0.3
2.9
0.6
1.2
0.6
1.4
na
1.5
0.8
0.6
1.2
1.8
1.0
4.8
0.1

1,291.88
1,032.24
127.11
1,361.28
7,915.29
735.60
1,520.64
1,044.33
827.70
111.60
334.64
822.54
14,592.28
3,432.00
432.04
156.00
767.48
245.88

Weekly Review by Asia Wealth Research

Company

Year
End

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

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

118.00
69.00
77.40
8.70
13.00
1.70
0.80
21.60
58.80
36.40
290.00
12.10
104.60
26.00
66.00
41.60
28.00
7.00
110.10
69.00
59.50
4.00
15.90
23.50
5.50
27.00
64.00
38.00
89.00
90.00
110.40
13500.00
24.40
19.80
1.90
13.80
5.5
15
5.9

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(2.86)
(5.79) (10.56)
13.68
(2.72)
(6.79) (0.34)
22.15
4.75
2.09 (6.30)
8.23
(10.62)
(14.00) (23.97) (21.02)
(6.59)
(19.05) (33.07) (43.71)
(7.14)
(14.47) (31.58) (55.02)
(15.00)
(34.62) (55.26) (67.31)
(20.00) (42.86) (61.90)
(3.18)
(14.46) (16.47) (28.76)
(3.45)
(14.78) (17.42) (21.39)
(7.29)
(11.22) (26.29) (40.57)
(3.47)
(6.88) (9.53)
59.12
(7.87)
(12.69) (30.77) (28.66)
(0.57)
(9.44) (18.28)
16.22
(6.14)
(8.13) (15.31)
4.00
(9.59)
(12.00) (13.16) (11.29)
(0.95)
(3.26) (0.48)
32.48
(8.20)
3.70 (14.89) (12.50)
(12.50)
(12.50) (27.08) (27.08)
(8.25)
(8.25) (8.17)
72.03
(1.43)
(8.00) (12.77)
16.55
1.02
(5.41) (15.84) (7.61)
(11.11)
(9.09) (24.53) (37.50)
7.38
5.96
2.56 (2.44)
(1.79)
(8.33) (17.91)
1.85
(5.92)
- (10.30) (12.62)
(13.63)
(8.18) (14.67) (1.39)
(0.53)
1.07 (14.29)
40.52
(1.93)
(10.93) (19.78) (0.46)
2.04
- (6.25) (16.67)
(4.00)
(6.91) (19.71) (31.43)
12.50 169.98 (10.00)
(4.03)
(8.81) (11.19) (17.65)
(2.49)
(7.98) (2.00)
3.16
(5.00)
(9.52) (20.83) (34.48)
4.62
13.33
65.85
(8.33)
(1.79) (29.49) (32.93)
5.26
(7.69) (34.07) (67.03)

21
A member of Asia Capital Group

Shares Trailing BVPS


Mn
ROE
15.99%
4.26 27.90% 142.20
59.89 8.83%
96.87
4.21 4.77% 147.37
25.61
na
18.70
12.06
na
21.36
103.30
na
1.14
153.37
na
1.14
47.32 14.07%
4.03
9.88 9.00%
96.41
60.00
na
45.71
120.00 47.58%
42.48
72.25 1.21%
11.30
59.86 21.75% 118.73
8.00 6.01%
55.64
21.80 8.69% 100.35
80.40 26.73%
23.72
13.70
na
40.50
173.51
na
na
30.00 8.78% 103.00
53.05 20.38%
60.84
54.60 9.73%
89.21
39.00
na
3.79
27.37 1.02%
21.46
67.98
na
na
950.09 25.31%
3.91
85.97 10.87%
25.65
11.27 11.34%
70.43
11.16 74.67%
17.54
110.79 16.84%
75.67
3.85 8.90% 105.08
3.85 2.30% 235.25
0.13 18.66% 1013.79
222.75 18.56%
23.32
111.38 18.56%
23.32
537.51
na
3.06
655.00 17.53%
9.45
307.53 14.41%
7.07
17.47 14.41% 124.41
54.92
na
12.44

Net Profit
4Qtrs Jun13
12,328.07 2,592.25
168.94
28.76
512.53
88.15
29.59
10.95
(51.14)
(23.18)
na
(23.77)
(6.87)
(23.77)
(6.87)
26.81
2.58
85.72
10.48
(188.55)
58.16
2,425.77
562.51
9.89
(9.07)
1,546.08
413.88
26.75
8.69
190.13
47.41
509.82
148.61
(22.66)
1.07
(17.80)
271.37
(44.66)
657.87
72.02
474.04
(61.76)
(32.61)
4.79
5.98
(1.16)
na
940.61
358.03
239.68
43.54
89.97
21.17
146.18
44.40
1,411.71
(79.59)
35.98
3.44
20.78
3.26
24.72
10.89
1,446.24
598.40
1,446.24
598.40
(21.67)
(12.38)
1,084.85
240.22
313.36
101.62
313.36
101.62
(9.09)
(52.12)

30 August 2013

Mar'13
3,863.97
42.66
99.28
7.60
(7.89)

Dec'12
3,075.40
46.61
243.88
9.76
5.40

Net
Sep'12
2,805.89
50.92
81.21
1.28
(25.48)

(6.84)
(6.84)
15.60
25.87
17.52
769.86
0.62
379.48
7.30
60.12
114.58
(11.87)
137.18
265.67
260.77
2.72
17.33

(10.30)
(10.30)
(8.25)
18.39
(229.44)
571.41
(12.87)
407.70
3.85
25.38
116.40
(4.99)
(4.15)
88.83
161.15
123.96
0.18
(12.27)

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

110.79
74.60
41.74
24.57
573.70
6.49
6.14
25.18
447.63
447.63
(1.23)
322.95
(20.04)
(20.04)
53.90

206.66
61.28
19.62
25.58
497.19
12.32
10.83
(8.12)
224.64
224.64
0.69
365.0
106.74
106.74
12.37

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
(23.23)

Trailing Trailing
EPS
PE
9.04
39.67
3.0
8.56
8.1
7.02
11.0
na
na
na
na
na
na
na
na
0.57
38.1
8.67
6.8
na
na
20.21
14.3
0.14
88.4
25.83
4.0
3.34
7.8
8.72
7.6
6.34
6.6
na
na
na
na
9.05
12.2
12.40
5.6
8.68
6.9
na
na
0.22
72.8
na
na
0.99
5.6
2.79
9.7
7.98
8.0
13.09
2.9
12.74
7.0
9.35
9.6
5.40
20.4
189.17
71.4
4.33
5.6
4.33
4.6
na
na
1.66
8.3
1.02
5.4
17.93
0.8
na
na

PBV Mkt Cap Mn


1.44
0.8
0.7
0.5
0.5
0.6
1.5
0.7
5.4
0.6
0.8
6.8
1.1
0.9
0.5
0.7
1.8
0.7
na
1.1
1.1
0.7
1.1
0.7
na
1.4
1.1
0.9
2.2
1.2
0.9
0.5
13.3
1.0
0.8
0.6
1.5
0.8
0.1
0.5

502.54
4,132.66
326.05
222.84
156.76
175.61
122.70
1,022.04
581.19
2,184.00
34,800.00
874.17
6,261.51
208.00
1,438.80
3,344.64
383.68
1,214.58
3,303.00
3,660.48
3,248.70
156.00
435.21
1,597.46
5,225.47
2,321.10
721.14
424.22
9,860.26
346.32
424.63
1,763.99
5,435.10
2,205.23
1,021.27
9,039.03
1,691.39
262.11
324.01

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(2.90)
(4.76) (14.78) (7.33)
(4.57)
11.71
11.78
28.31
(5.26)
(7.21) (23.32) (55.64)
(1.04)
(5.37) (18.91) (22.87)
(3.11)
(5.74) (16.35) (21.64)
(8.85)
(9.07) (7.18)
14.04
(1.85)
(4.50) (13.68)
25.15

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

960.00
90.00
478.00
1560.00
227.50
106.00

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

(2.07)
680.00 (0.56)
1100.00 (0.45)
1411.00
0.79
1083.60 (7.23)
780.00 (17.85)

AGALN
BALAN
BOPLN
HAPUN
HOPLN
KAHAN
KGALN
KVALN
KOTAN
MADUN
MAL N
MALX
MASKN
NAMUN
TPL N
UDPLN
WATAN
ELPLN
MPRHN
ASPMN

MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
MainB
DiriSaviB
MainB
DiriSaviB
DiriSaviB
DiriSaviB

D
D
M
D
M
D
M
D
M
D
D
D
M
M
D
D
M
M
M
M

23.00
27.00
9.90
27.10
21.00
30.00
96.00
80.00
40.50
10.20
4.50
4.00
11.30
70.10
19.50
25.30
10.00
15.60
22.00
45.50

(3.02)
(2.95)
(4.96)
(1.01)
9.85
(5.83)
(7.12)
(0.10)
(2.80)
(3.80)
(2.86)
(4.76)
(3.97)
(4.08)
(4.53)
(6.54)
(8.54)
(2.22)
-

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

251.00
10.30
13.90
107.00
75.00
39.10
2.90

0.60
(0.40)
1.98
2.21
(2.64)
(0.13)
(1.01)
-

PLANTATIONS
AGALAWATTE
BALANGODA
BOGAWANTALAWA
HAPUGASTENNE
HORANA PLANTATION
KAHAWATTE
KEGALLE
KELANI VALLEY
KOTAGALA
MADULSIMA
MALWATTE VALLEY
MALWATTE VALLEY
MASKELIYA
NAMUNUKULA
TALAWAKELLE
UDAPUSSELLAWA
WATAWALA PLANTATIONS
ELPITIYA
MET.RES.HOL
AITKEN SPENCE PLANTATION
MANAGEMENTS
HEALTH SERVICES
ASIRI CENTRAL
ASIRI SURGICAL
ASIRI HOSPITAL
CEYLON HOSPITALS [V]
CEYLON HOSPITALS [NV]
LANKA HOSPITALS
NAWALOKA

Shares Trailing
Mn
ROE
10.25%
1.20 5.71%
15.20 7.61%
8.88 1.83%
3.62 2.14%
6.03 26.90%
67.27 20.77%

(0.50) (5.73) (3.85)


(1.45) (4.23)
0.32
- (17.79) (18.28)
8.54
4.52
5.30
8.35 (3.47) (19.73)
(13.33) (22.00) (17.89)
(6.37)
(6.88)
(0.37)
(7.55)
3.94
(10.64)
(6.54)
(4.67)
(1.60)
(12.90)
(21.54)
(4.26)
(4.76)
(9.60)
(3.97)
(14.55)
(6.64)
(9.91)
(11.76)
(12.00)
-

494.53
234.33
852.93
641.65
130.86
115.18

Net Profit
4Qtrs
2,314.57
33.87
271.14
138.63
49.61
212.42
1,608.90

Jun'13
760.38
7.25
39.66
28.90
25.26
48.91
610.40

Mar'13
639.40
6.30
174.60
-8.00
-143.10
69.40
540.20

Dec'12
352.07
8.14
5.60
4.50
143.31
53.32
137.20

Net
Sep'12
562.72
12.18
51.28
113.23
24.14
40.79
321.10

9.62%
102.00 13.94%
6.87 3.29%
7.00 3.36%
6.94 4.23%
6.94 3.72%

320.74
841.18
808.58
963.55
821.86

5,437.47
4,562.19
190.36
190.16
282.70
212.07

998.24
511.06
115.50
116.61
137.43
117.64

2,255.03
2,146.35
21.97
21.68
37.10
27.93

1,182.34
1,071.82
18.19
20.07
44.32
27.94

1,001.86
832.97
34.69
31.80
63.85
38.56

(17.65)
(26.75)
(18.54)
(21.60)
(21.62)
(25.27)
(18.70)
(17.95)
(5.12)
(27.68)
(27.66)
(6.25)
(13.04)
(13.74)
(17.43)
(25.40)
(12.46)
(20.00)
(18.92)
(24.14)
-

(6.60)
(30.09)
(8.84)
(10.09)
(32.08)
(11.76)
(11.76)
(0.52)
(0.50)
(28.32)
(15.70)
21.62
8.11
(13.08)
13.06
(4.08)
23.41
2.04
(11.76)
12.24
-

25.00
23.64
83.75
46.32
25.00
79.89
25.00
34.00
40.00
29.00
224.59
23.00
53.95
23.75
23.75
19.40
236.67
72.87
17.26
21.30

12.60%
33.03%
1.29%
27.08%
4.49%
10.47%
1.35%
14.80%
21.07%
9.06%
na
11.75%
11.75%
10.08%
18.79%
20.49%
na
15.80%
12.41%
29.69%
9.74%

44.58
112.53
12.16
36.35
55.63
13.21
137.54
74.24
88.38
59.83
9.03
9.03
27.54
86.02
58.04
28.56
16.29
34.40
43.13
77.29

4,611.15
368.05
34.35
275.73
75.65
145.66
14.26
509.07
531.84
320.27
(32.50)
262.69
262.69
149.85
383.95
282.45
(11.86)
609.05
311.16
221.07
160.42

(139.35)
(98.8)
45.7
(27.3)
67.52
(43.85)
(70.41)
89.27
8.57
(91.70)
(63.48)
109.51
109.51
(84.48)
47.08
(3.02)
1.95
11.40
(13.61)
(19.80)
(3.94)

1,197.56
1.5
11.4
67.9
41.56
47.65
72.32
95.43
150.98
113.22
14.17
51.05
51.05
88.93
86.27
85.40
29.40
124.84
66.12
66.99
(17.56)

2,213.04
304.74
(10.62)
146.26
(46.86)
100.79
(0.86)
168.76
199.06
190.95
59.74
8.11
8.11
123.89
147.20
164.90
(43.91)
286.59
125.46
106.93
181.92

1,339.90
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
133.19
66.96

(1.15) (8.39)
(7.89) (14.63)
0.98 (2.83)
(0.71) (10.32)
1.81
4.29
(1.32) (6.25)
- (6.90)
- (9.38)

17.01
(3.42)
25.61
41.84
33.75
15.38
3.44
(6.45)

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

18.11%
na
49.79%
14.34%
9.72%
9.72%
13.90%
15.62%

91.23
6.60
5.14
72.7
72.7
17.25
2.75

3,903.65
(43.37)
1,737.71
810.25
256.18
256.18
536.55
606.34

653.63
(10.77)
109.98
209.24
77.62
77.62
167.53
100.04

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,892.90
25.07
1,365.90
220.29
54.48
54.48
99.12
128.05

510.06
(38.10)
104.26
112.21
49.92
49.92
94.57
187.20

22
A member of Asia Capital Group

BVPS

30 August 2013

Trailing Trailing
EPS
PE
9.04
28.23
34.0
17.84
5.0
15.62
30.6
13.70
113.9
35.21
6.5
23.92
4.4

PBV Mkt Cap Mn


0.93
1.9
0.4
0.6
2.4
1.7
0.9

1,152.00
1,368.00
4,242.94
5,648.52
1,372.65
7,130.31

44.73
27.70
27.17
40.73
30.56

18.3
15.2
39.7
51.9
26.6
25.5

1.8
2.1
1.3
1.7
1.1
0.9

69,360.00
7,558.44
9,874.74
7,520.27
5,413.26

14.72
1.45
3.29
1.63
5.83
0.18
20.36
15.64
8.01
na
1.06
1.06
2.78
16.17
11.89
na
2.57
4.27
12.80
7.53

4.7
1.6
18.6
3.0
16.6
3.6
168.1
4.7
5.1
5.1
na
4.2
3.8
4.1
4.3
1.6
na
3.9
3.7
1.7
6.0

0.59
0.5
0.2
0.8
0.7
0.4
2.3
0.7
1.1
0.5
0.2
0.5
0.4
0.4
0.8
0.3
0.9
0.6
0.5
0.5
0.6

575.00
638.18
829.13
1,255.16
525.00
2,396.69
2,400.00
2,720.00
1,620.00
295.80
1,010.66
92.00
609.67
1,664.88
463.13
490.79
2,366.67
1,136.72
379.83
969.15

na
3.29
0.74
7.56
7.56
2.40
0.43

10.9
na
3.1
18.9
14.1
9.9
16.3
6.7

1.97
2.8
1.6
2.7
1.5
1.0
2.3
1.1

5,605.82
5,443.11
15,277.38
2,731.42
625.91
8,747.93
4,087.57

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(4.44)
(9.70) (16.14)
8.87
(4.20)
(10.80) (13.78)
23.17
5.00
(4.55) (10.00)
0.75
(17.61)
(12.84) (29.07) (31.05)
(15.30)
3.17 (27.74) (34.93)
(6.20)
(16.68) (40.63) (56.16)
(11.54)
(26.08) (14.99) (46.48)
(2.56)
(11.63) (24.00) (25.49)
4.35 (17.24)
-

Shares Trailing
Mn
ROE
8.57%
60.80 24.27%
2.94 1.52%
2.84
na
0.04
na
0.05
na
0.10
na
114.00 27.42%
260.00 20.01%

51.88
77.01
40.44
137.96
649.80
64.98
1.44
2.30

Net Profit
4Qtrs
368.92
765.51
3.44
(118.66)
(1.28)
(445.01)
(0.02)
45.12
119.82

4.94%
1.27 5.16% 730.44
2.54 7.80% 1256.73
2.28 29.75%
45.28
5.15
na 428.12

317.07
47.95
248.54
30.69
(10.11)

(70.80)
(4.25)
(51.28)
2.98
(18.25)

110.66
36.41
80.69
12.94
(19.38)

222.51
(4.23)
188.43
12.73
25.58

54.70
20.02
30.70
2.04
1.94

37.67
98.03
13.47
na

212.47
44.26
6.30
8.52
23.02
5.83
38.43
546.33
1.95

1,526.94
1,142.21
115.09
16.78
(93.16)
(340.54)
(10.43)
692.38
9.80
(5.20)

846.97
682.21
39.04
6.30
(8.36)
(0.43)
(3.24)
129.19
2.27

669.64
768.13
46.85
1.10
(28.16)
(291.18)
(3.40)
174.84
6.96
(5.50)

(292.87)
(498.97)
17.61
2.55
(39.95)
31.72
(3.72)
194.18
1.80
1.91

299.39
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(3.87)

22.06%
11.22%
28.28%
10.86%
23.33%
20.30%
20.29%
na
13.05%
8.10%

23.47
27.00
2.35
2.77
15.96
15.96
6.99
2.05
6.91

6,432.15
329.75
4,066.59
121.73
482.45
1,254.18
1,253.84
(12.40)
133.83
56.02

2,103.17
101.93
1,349.62
65.52
237.22
270.66
270.33
9.90
62.50
5.83

1,306.53
71.22
805.89
13.96
12.16
364.72
364.72
(12.46)
30.26
20.78

1,226.44
75.61
728.08
36.12
120.10
228.99
228.99
(8.04)
38.98
6.60

-39.42%
122.13 13.81%
343.40
na

1.25
3.46

(528.57)
21.03
(549.60)

(141.61)
16.85
(158.46)

(387.13)
7.90
(395.03)

14.28%
8143.78 22.16%
1804.86 9.00%

4.55
30.65

13,194.73
8,217.73
4,977.00

1,663.34
950.34
713.00

3,180.52
1,594.52
1,586.00

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

80.00
94.50
131.00
1300.00
999.90
850.00
3.60
2.40

STORES AND SUPPLIES


COLOMBO CITY HOLDINGS
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

460.00
1089.00
163.00
310.50

(0.19)
(6.77)
2.53
3.82
(2.97)

(9.16)
(5.29)
(13.49)
6.61
(5.68)

(16.95) (6.68)
(26.28) (28.61)
(9.25)
3.71
(18.09) (27.88)
(24.27) (5.82)

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

(3.33)
93.50 (5.38)
62.00 (6.91)
7.00 (5.71)
6.70 (6.94)
11.50 (10.16)
40.50 (5.81)
93.50 (1.16)
2800.00
14.29
1.80 (5.56)

(6.52)
(13.70)
(3.88)
(12.00)
(14.10)
(16.67)
(5.81)
(1.58)
13.36
(10.53)

(15.74)
(25.44)
(14.84)
(4.35)
(34.31)
(29.01)
(16.84)
(8.33)
(3.30)
(22.73)

(27.65)
(28.58)
(4.91)
(9.59)
(50.00)
(30.72)
(27.42)
(28.95)
(30.00)
(39.29)

4.80%
70.88 7.59%
35.99 7.22%
140.20 1.90%
117.45
na
349.37
na
2.40
na
125.21 14.39%
0.08
na
180.00
na

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

(3.22)
18.60 (0.53)
26.30 (2.22)
3.60 (2.70)
5.90 (4.92)
26.90 (4.41)
20.00 (4.29)
5.00 (2.00)
2.40
7.00 (12.66)

(0.02)
1.64
4.35
(6.45)
(1.89)
(7.80)
(5.77)
4.35
(20.69)

(8.83)
(11.00)
(2.22)
(5.26)
(4.92)
(15.86)
(14.10)
(20.97)
(11.11)
(36.11)

16.70
(10.58)
63.98
(2.70)
11.54
3.59
18.24
(37.18)
(14.29)
(46.09)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

INFORMATION TECHNOLOGY
E-CHANNELLING
PC HOUSE

ECL N
PCH N

DiriSaviB M
MainB
M

TELECOMMUNICATIONS
DIALOG TELEKOM
SRI LANKA TELECOM

DIALN
SLTLN

MainB
MainB

D
D

6.70
0.80

5.68
3.08
14.29

8.20
41.00

(0.84)
(3.53)
1.78

(5.55) (42.33) (57.99)


9.84 (1.47)
34.00
(33.33) (74.19) (87.88)
(1.48) (9.25)
(3.53) (11.83)
0.50 (6.74)

11.94
32.26
(1.96)

23
A member of Asia Capital Group

BVPS

30 August 2013

14.80
25.79

Mar'13
590.26
560.02
(3.72)
(21.05)
0.40
(0.19)
(0.57)
16.72
38.65

Dec'12
(385.65)
48.66
1.02
(13.30)
(1.90)
(446.70)
0.30
5.10
21.17

Net
Sep'12
85.64
78.67
3.84
(39.85)
(1.05)
1.20
0.12
8.50
34.21

Jun13
76.59
78.17
2.30
(44.46)

Trailing Trailing
EPS
PE
18.24
12.59
6.4
1.17
80.7
na
na
na
na
na
na
na
na
0.40
9.1
0.46
5.2

PBV Mkt Cap Mn


1.56
1.5
1.2
3.2
9.4
1.5
13.1
2.5
1.0

4,864.00
277.57
372.69
45.51
50.00
85.02
410.40
624.00

16.76
12.2
11.1
12.1
na

0.83
0.6
0.9
3.6
0.7

585.51
2,761.11
371.33
1,597.52

16.12
3.20
0.12
na
na
na
5.53
na
na

17.69
5.8
19.4
58.5
na
na
na
16.9
na
na

0.85
0.4
1.4
1.1
0.8
0.5
6.9
2.4
5.1
0.9

6,626.81
2,231.29
981.37
786.89
4,017.72
97.20
11,707.10
233.40
324.00

1,796.01
81.00
1,183.00
6.13
112.97
389.81
389.81
(1.80)
2.09
22.81

2.63
7.64
0.26
0.65
3.24
3.24
na
0.27
0.56

5.43
7.1
3.4
14.1
9.1
8.3
6.2
na
9.0
12.5

1.20
0.8
1.0
1.5
2.1
1.7
1.3
0.7
1.2
1.0

2,328.72
14,005.54
1,718.17
4,407.95
9,011.50
1,040.00
545.44
1,200.00
700.00

2.52
(6.60)
9.12

(2.35)
2.87
(5.22)

0.17
na

na
38.9
na

0.82
5.4
0.2

818.28
274.72

1,805.68
928.68
877.00

6,545.20
4,744.20
1,801.00

1.01
2.76

10.67
8.1
14.9

1.52
1.8
1.3

66,778.98
73,999.26

Weekly Review by Asia Wealth Research

30 August 2013

Disclaimer
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. Such information has not been independently verified and no guaranty, representation or warranty, express or implied is
made as to its accuracy, completeness or correctness, reliability or suitability. All such information and opinions are subject to change without notice. This document is for information
purposes only, descriptions of any company or companies or their securities mentioned herein are not intended to be complete and this document is not, and should not be construed as, an
offer, or solicitation of an offer, to buy or sell 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 whatsoever arising out of, or in connection with the use of this report and any reliance you
place on such information is therefore strictly at your own risk.
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. Not all 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 long or short position in any of the securities or other
financial instruments mentioned or issuers described herein at any time and may make a purchase and/or sale, or offer to make a purchase and/or sale of any such securities or other
financial instruments from time to time in the open market or otherwise, in each case either as principal or agent. Asia Wealth Management Co (Private) Limited may make markets in
securities or other financial instruments described in this publication, in securities of issuers described herein or in securities underlying or related to such securities. Asia Wealth
Management Co (Private) Limited may have recently underwritten the securities of an issuer mentioned herein. The information contained in this report is for general information
purposes only. This report and its content is copyright of Asia Wealth Management Co (Private) Limited and all rights reserved. This report- in whole or in part- may not, except with the
express written permission of Asia Wealth Management Co (Private) Limited be reproduced or distributed or commercially exploited in any material form by any means whether graphic,
electronic, mechanical or any means. Nor may you transmit it or store it in any other website or other form of electronic retrieval system. Any unauthorised use of this report will result in
immediate proceedings.

24
A member of Asia Capital Group

Research
Manager - Research
BalakrishnanNirmalan

Assistant Manager - Research


(94-11)5320362
nirmalan@asiacapital.lk

Corporates

Amali Perera

(94-11)5320256
amali@asiacapital.lk

Economy

Yogini Yogarasa

(94-11)5320361

DhanushaPathirana

(94-11)5320254

Statistician
Nuwan Pradeep

(94-11)5320257

Sales
Institutional Sales
SabriMarikar
NiroshanWijayakoon
Manjula Kumarasinghe
ChelakaHapugoda
Chaminda Mahanama
HiranBibile
NiroshanRathnam
Jeevan Hettigoda
FarajFouz
MiflalFarook

(94-11) 5320224
(94-11) 5320208
(94-11) 5320211
(94-11)5320240
(94-11) 5320223
(94-11) 5320238
(94-11) 5320242
(94-11) 5320220
(94-11) 5320210
(94-11) 5320247

077 3-576868
0777-713645
0777 -874310
0777 -256740
0777 -556582
0777 -352032
0773 -717515
0773-691256
0773 -810159
0772-253730

sabri@asiacapital.lk
niroshan@asiacapital.lk
manjula@asiacapital.lk
chelaka@asiacapital.lk
mahanama@asiacapital.lk
hiran@asiacapital.lk
ratnam@asiacapital.lk
jeevan@asiacapital.lk
faraj@asiacapital.lk
miflal@asiacapital.lk

Retail Sales
ShiyamSubaulla
PriyanthaHingurage
Subeeth Perera
Neluka Rodrigo
GaganiJayawardhana
Shamal Perera
NuwanEranga
RomeshPriyadarshana
RukshanLiyanage
NathashaMunasinghe
Iresha Fernando
SharikaRathnayake

(94-11)5320218
(94-11)5320217
(94-11)5320227
(94-11)5320214
(94-11)5320236
(94-11)5320219
(94-11)5320246
(94-11)5320228
(94-11)5320235
(94-11)5320231
(94-11)5320232
(94-11)5320209

0773-502016
0773-502015
0714-042683
0777-366280
0714-084953
077-3717558
0777368012
0772548795
077-3413297
0777-569266
0777359012
0777567994

shiyam@asiacapital.lk
priyantha@asiacapital.lk
subeeth@asiacapital.lk
neluka@asiacapital.lk
gagani@asiacapital.lk
shamal@asaiacapital.lk
eranga@asiacapital.lk
priyadarshana@asiacapital.lk
rukshan@asiacapital.lk
nathasha@asiacapital.lk
iresha@asiacapital.lk
sharika@asiacapital.lk

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.

Ashan Silva
Charith Perera

(011)-5238662
(011)-5238663

077-0458028

ashan@asiacapital.lk
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

(081)-5625577
(081)-5625577
(063)-5679071

0773692242
0777282586
0772-681995

radhika@asiacapital.lk
priyankara@asiacapital.lk
ravide@asiacapital.lk

NalakaDhanushka
DanushkaBoteju
KasunNavoda

(063)-5679070
(011)-5634803

0771-520376
0716-270527

nalaka@asiacapital.lk
boteju@asiacapital.lk

Ampara

Bandula Cinema Shopping complex, No-103,D S Senanayaka Street,


Ampara.

Kiribathgoda

Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda

Service Centers
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

ASIA WEALTH MANAGEMENT CO.(PVT) LTD


21-01 West Tower,
World Trade Centre, Echelon Square,
Colombo 01, Sri Lanka
Tel: +94 11 5320000
Website: www.asiacapital.lk

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