STOCK MARKET WEEKLY

SRI LANKA
Week Ending, Friday, October 11, 2013

Index Movement & Market Review

Rs. Mn

700

1200

600

35

1000

500

30

800

400

25

600

300

400

200

200

100

40

20
15

FOREIGN_PURCHASES

SPSL20

FOREIGN_SALES

11-Oct-13

10-Oct-13

09-Oct-13

08-Oct-13

07-Oct-13

04-Oct-13

03-Oct-13

02-Oct-13

10

01-Oct-13

11\/10\/2013

10\/10\/2013

09\/10\/2013

08\/10\/2013

07\/10\/2013

03\/10\/2013

02\/10\/2013

01\/10\/2013

30\/09\/2013

04\/10\/2013

ASPI

45

1400

TURNOVER

Foreign Participation

Rs. Mn

30-Sep-13

Bi Weekly Index Movement & Turnover

6,400
6,200
6,000
5,800
5,600
5,400
5,200
5,000
4,800
4,600
4,400
4,200
4,000
3,800
3,600
3,400
3,200
3,000
2,800

FOREIGN_PERCENTAGE

Market Review
The market gained gradually throughout the week, before dropping marginally on Friday. Activities levels were dominated by trades inclusive of crossings on
JKH, UML and AEL. Foreign participation resulted in a net inflow nearing Rs. 1bn for the week.
Sector Summary for the Week
Week Close
(Rs.)

Sector

Market Statistics

WoW
Change (%)

YTD Change (%)

Index

WoW
Change

YTD Change (%)

BANKS FINANCE & INSURANCE

12,828.2

1.2

5.1

ASPI

5,947.42

109.5

1.88

5.39

BEVERAGES FOOD & TOBACCO

20,055.7

5.6

25.9

S&P-SL20

3,283.62

51.8

1.60

6.43

CHEMICALS & PHARMACEUTICALS

6,732.4

2.0

(6.1)

CONSTRUCTION & ENGINEERING

2,780.7

2.7

4.9

(0.1)

TELECOMMUNICATION

158.5

Average Daily Turnover - Week (Rs. Mn)

658.54

(4.2)

Average Daily Turnover - YTD (Rs. Mn)

871.65
999.77

MANUFACTURING

2,892.1

1.7

10.0

Net foreign Inflow / (Outflow) - Week (Rs. Mn)

DIVERSIFIED HOLDING CO.

1,782.8

0.7

(2.2)

Net foreign Inflow / (Outflow) - YTD (Rs. Mn)

736.5

3.2

(9.2)

Market PER FY13 (JKSB Universe)

12.04

3,223.8

0.6

(10.1)

Market PER FY14E (JKSB Universe)

11.47

691.1

(1.9)

18.9

Market PER FY15E (JKSB Universe)

10.28

14,344.2

(0.4)

(15.5)

PLANTATIONS
HOTELS & TRAVELS
HEALTH CARE
TRADING

1.79

Market PBV (JKSB Universe)

Top 5 Gainers of the Week

Company

21,465.27

Top 5 Losers of the Week

Week Close (Rs.)

WoW Change (%)

SWARNAMAHAL FINANCIAL

2.70

35.00

SOFT LOGIC CAPITAL PLC

4.30

ENVI. RESOURCES PLC [W3]

Company

Week Close (Rs.)

WoW Change (%)

LAKE HOUSE PRINTERS

92.00

(12.38)

26.47

PC HOUSE PLC

0.80

(11.11)

0.50

25.00

ASIRI CENTRAL HOSPITALS PLC

232.40

(8.86)

SHAW WALLACE & HEDGES PLC

324.90

24.96

SIGIRIYA VILLAGE HOTELS PLC

59.00

(6.35)

THE FINANCE COMPANY PLC [X]

4.10

24.24

MIRAMAR BEACH HOTELS PLC

60.00

(5.96)

Sector Wise Turnover for the Week

Largest Transactions for the Week

Price (Rs.)

WoW Change
(%)

Volume (Mn
Shares)

JOHN KEELLS HOLDINGS PLC

215.00

(0.69)

3.14

19.14

ACCESS ENGIENEERING

22.00

4.76

22.43

501.63

15.23

UNITED MOTORS LANKA PLC

111.00

3.74

2.25

LAND & PROPERTY

300.30

9.12

TOUCHWOOD INVESTMENTS PLC

4.80

11.63

50.30

MOTORS

243.09

7.38

HATTON NATIONAL BANK PLC

150.00

(0.53)

1.15

Sector

Turnover (Rs. Mn)

% of Turnover

DIVERSIFIED HOLDING CO.

826.52

25.10

BANKS FINANCE & INSURANCE

630.25

CONSTRUCTION & ENGINEERING

Company

Source : Colombo Stock Exchange Data Feed, JKSB Estimates

JOHN KEELLS STOCK BROKERS (PVT) LIMITED

Fax : +94 11 234 2068

E-Mail : jkstock@keells.com
Website : www.jksb.com
JKSB Mobile : www.jksbmobile.keells.lk

Company No. PV 89

Market
Compa Closing
Cap (USD PER 14E (x) PER 15E (x)
ny
Price (Rs.)
Mn)

BANKS & FINANCE

COMB
119.40
DFCC
121.10
HNB
150.00
NDB
153.80
NTB
60.70
SAMP
172.20
SEYB
58.20
CFIN
187.00
PLC
13.50

723
245
365
193
107
220
78
150
163

PBV (x)

9.13
9.28
8.28
6.83
6.80
6.35
9.23
5.67
7.24

7.89
8.32
6.63
5.80
5.67
4.73
8.32
5.18
6.54

1.82
0.88
1.11
1.06
1.32
1.03
0.99
1.11
1.13

7.76

6.56

1.22

14.53
5.40

12.01
4.50

2.40
1.39

Sector

10.69

9.04

2.14

BEVERAGE, FOOD & TOBACCO

CTC
1,180.90
1,687
CCS
145.00
105
DIST
186.80
427
NEST
1,945.40
797

24.04
9.99
8.49
31.34

22.02
8.82
7.58
27.25

43.88
1.54
1.11
40.68

Sector

19.31

17.27

5.16

CHEMICALS & PHARMACEUTICALS

HAYC
186.00
42
CIC
56.10
31

4.83
17.71

4.36
11.76

1.21
0.69

Sector

7.51

6.30

0.89

CONSTRUCTION & ENGINEERING

DOCK
193.10
106
AEL
22.00
168

11.60
7.58

9.94
6.40

1.35
1.69

Sector

8.76

7.42

1.54

TELECOMMUNICATIONS
DIAL
8.80
547
SLTL
38.80
534

10.99
15.49

10.49
14.34

1.93
1.27

Sector

12.84

12.09

1.53

12.95
6.36
5.07
5.89
12.79
5.19
6.52

11.68
5.58
4.36
5.55
9.12
4.45
5.47

6.31
0.67
0.79
1.09
1.26
1.05
1.41

8.72

9.47

1.62

12.69
10.05
8.43
15.48
11.74
21.87

11.65
8.51
7.18
12.90
10.58
19.88

1.66
0.97
1.33
2.09
1.42
0.98

13.28

12.47

1.69

5.82
7.62
6.02
8.34

5.10
5.65
4.37
5.48

0.49
0.66
0.71
1.07

7.36

5.14

0.60

12.23
12.05
15.14
7.51
7.85
13.89

11.26
11.47
14.02
6.71
7.20
13.24

1.82
1.49
2.93
1.45
0.76
0.98

12.57

11.75

1.54

Sector

INSURANCE
CINS
1,284.00
HASU
51.20

MANUFACTURING
LLUB
268.20
ACL
65.10
DIPD
93.70
TILE
66.60
RCL
95.00
TKYO
24.60
GLAS
5.50

196
20

245
30
43
27
80
42
40

Sector

DIVERSIFIED HOLDINGS
SPEN
115.40
HAYL
293.00
HHL
32.00
JKH
215.00
EXPO
6.80
SHL
9.30

357
168
126
1,407
101
55

Sector

PLANTATIONS
KOTA
43.00
WATA
10.80
KGAL
97.20
KVAL
79.90

13
19
19
21

Sector

HOTELS & TRAVELS

AHUN
70.00
AHPL
70.00
TRAN
84.70
CONN
75.90
EDEN
34.00
KHL
11.10
Sector

180
236
129
28
14
123

WoW
YTD
Change % Change %

0.76
0.92
(0.53)
5.05
(0.33)
0.00
(1.36)
1.08
(0.74)

14.81
6.98
1.21
10.33
6.49
(14.96)
3.93
15.36
2.27

Relative Change Against (x)

ASPI
Sector Index
WoW
YTD
WoW
YTD

(0.59)
(0.51)
(1.28)
1.70
(1.18)
(1.00)
(1.72)
(0.42)
(1.39)

1.74
0.29
(0.77)
0.91
0.20
(3.77)
(0.27)
1.85
(0.58)

(0.34)
(0.21)
(1.46)
3.37
(1.28)
(1.00)
(2.17)
(0.06)
(1.64)

1.91
0.37
(0.76)
1.03
0.27
(3.94)
(0.23)
2.02
(0.55)

ROE %
FY13A

Dividend
Yield % *

20.08
15.15
17.19
15.15
19.95
21.89
11.07
20.67
16.95

5.35
4.13
5.64
9.72
3.46
6.76
3.37
1.55
9.26

18.11

(1.00)
2.40

49.51
3.64

(1.53)
0.28

8.18
(0.32)

(1.87)
1.08

8.72
(0.28)

15.90
20.33

0.97
5.37

19.63

12.04
0.69
(0.11)
(0.24)

41.90
11.54
10.86
23.99

5.42
(0.63)
(1.06)
(1.13)

6.77
1.14
1.01
3.45

1.17
(0.87)
(1.02)
(1.04)

0.62
(0.56)
(0.58)
(0.08)

190.04
23.77
14.17
100.89

3.82
2.76
1.61
2.78

31.63

1.09
2.00

3.62
(13.69)

(0.42)
0.07

(0.33)
(3.54)

(0.45)
0.01

1.59
(1.23)

25.90
3.13

3.76
2.91

10.61

0.31
4.76

(12.27)
20.88

(0.83)
1.54

(3.27)
2.87

(0.89)
0.74

(3.52)
3.29

20.47
20.36

2.96
2.06

20.41

1.15
(1.27)

7.32
(12.22)

(0.39)
(1.68)

0.36
(3.26)

19.22
(19.17)

2.74
(1.91)

16.92
7.36

3.75
2.19

10.87

(0.67)
2.84
1.85
(4.17)
5.56
2.50
3.77

32.77
(3.56)
(9.12)
2.46
(4.04)
(13.07)
(8.33)

(1.36)
0.52
(0.01)
(3.23)
1.96
0.33
1.01

5.07
(1.66)
(2.69)
(0.54)
(1.75)
(3.42)
(2.54)

(1.40)
0.71
0.11
(3.51)
2.34
0.50
1.27

2.27
(1.35)
(1.91)
(0.75)
(1.40)
(2.30)
(1.83)

62.81
10.03
24.47
20.76
22.91
12.72
21.45

4.10
1.08
7.47
6.01
2.11
4.80
6.91

21.39

1.58
(0.85)
0.31
(0.69)
0.00
1.09

(3.59)
(2.33)
18.08
0.66
(4.23)
(16.96)

(0.15)
(1.45)
(0.83)
(1.37)
(1.00)
(0.42)

(1.67)
(1.43)
2.35
(0.88)
(1.78)
(4.14)

1.14
(2.14)
(0.58)
(1.93)
(1.00)
0.46

(0.67)
(0.08)
9.39
1.31
(0.96)
(6.88)

12.15
9.98
14.51
13.78
12.05
4.08

1.30
4.64
2.34
1.57
1.76
1.40

12.63

0.94
8.00
2.64
0.63

(42.67)
(10.00)
(9.58)
(2.68)

(0.50)
3.27
0.41
(0.66)

(8.9)
(2.85)
(2.78)
(1.50)

(0.71)
1.50
(0.17)
(0.80)

(3.63)
(0.08)
(0.04)
0.71

19.28
20.30
17.19
20.67

5.81
4.63
0.00
7.51

17.85

5.90
0.00
(5.78)
5.42
(2.58)
1.83

(4.11)
(6.67)
18.46
(9.64)
(5.56)
(18.98)

2.15
(1.00)
(4.08)
1.89
(2.38)
(0.02)

(1.76)
(2.24)
2.42
(2.79)
(2.03)
(4.52)

9.15
(1.00)
(10.95)
8.32
(5.44)
2.16

0.59
0.34
2.83
0.04
0.45
(0.89)

15.02
16.03
19.46
18.95
13.04
7.94

1.43
4.28
3.54
5.27
0.59
2.70

13.78

13A: Year ending Dec. '12/ Mar '13, 14E : Year ending Dec. '13/ Mar '14, 15E : Year ending Dec. '14/ Mar '15

PERs exclude exceptional items

* Dividend Yield is calculated based on dividends announced for FY13/FY14

N/A = Not Applicable due to negative EPS

1 USD = Rs. 131.13

Source : Colombo Stock Exchange Data Feed, JKSB Estimates

This document is published by John Keells Stock Brokers (Pvt) Ltd for the exclusive use of their clients. All information has been compiled from available documentation and JKSBs own
research material. Whilst all reasonable care has been taken to ensure the accuracy of the contents of this document, neither JKSB nor its employees can accept responsibility for any decisions
made by investors based on information herein.