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Volume 27

Weekly Review by Asia Wealth Management Research

05 July 2013

Focus
Colombo Stock Market

Weekly Review by Asia Wealth Management Research

In This Issue;

ASI Daily Closing

Macroeconomic concerns drag down market for 6th


consecutive week.
Both indices dipped for the 6th consecutive week
amidst relatively lower turnovers and volumes.
Pg02

(ASI)
6,250

(LKR mn)
4,000
3,500

6,200

3,000
6,150

2,500

6,100

Colombo Bourses Billion Rupee Club


Table below shows the members who have
qualified to be a part of Asia Wealth Researchs Billion Rupee
Club.
Pg 03

2,000
1,500

6,050

1,000
6,000

500

5,950

18- 19- 20- 21- 24- 25- 26- 27- 28- 1- 2- 3- 4- 5Jun Jun Jun Jun Jun Jun Jun Jun Jun Jul Jul Jul Jul Jul
Turnover

Analysis of Various Warrants Listed on CSE

Market Statistics

Commodity Prices

Pg05

The bourse slumps amidst concerns regarding LKR


depreciation and rating outlook cut
Major Price Movements
Bourse trended upward during the first two days of this week,
however it began to shed points from mid week....
Pg07

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)

Major Price Movements


Company
Pch Holdings

ASI closing

Pg 04
28-Jun

% Chg.

6,048.18
6,121.01
3,383.46
3,431.74
13,166.34 13,337.89
19,112.40 19,081.43
1,933.26
1,958.40
3,384.31
3,430.76
155.71
159.86
3,072.95
3,088.99
2,322.80
2,350.70
17.79
18.02
3,225.80
4,501.40
24.70
34.51
645.20
900.30
127.30
170.70
1,308.10
1,062.30
817.90
2,088.90

5-Jul

-1.2
-1.4
-1.3
0.2
-1.3
-1.4
-2.6
-0.5
-1.2
-1.3
-28.3
-28.4
-28.3
-25.4
23.1
-60.8

Large Trades
Price
1.9

+/-LKR
-1.1

+/- %
-36.7

Company
Pc House

Volume
17,365,649

Pc House

1.2

-0.5

-29.4

Central Investment & Finance

12,789,829

Touchwood

3.5

-1.4

-28.6

Janashakthi Insurance

12,589,736

-25.0

Touchwood

7,383,374

Nations Trust Bank

5,865,304

RenukaAgri Foods

5,120,329

Blue Diamonds (NV)

4,546,405

Textured Jersey Lanka

2,940,847

Seylan Merchant Bank

2,921,725

Commercial Bank Of Ceylon

2,809,642

Seylan Merchant Bank(NV)

0.3

-0.1

Pc Pharma

2.8

-0.9

-24.3

Ceylon & Foreign Trades

8.1

0.6

8.0

E B Creasy & Company

1,260.0

110.0

9.6

Cargo Boat Development Company

124.5

14.5

13.2

Colombo Investment Trust

142.0

17.0

13.6

George Steuart Finance

640.0

139.9

28.0

Weekly Review by Asia Wealth Management Research

05 July 2013

Highlights for the week


Macroeconomic concerns drag down market for 6th consecutive week...
Both indices dipped for the 6th consecutive week amidst relatively lower turnovers and volumes. The ASI shed 72.83 points
WoW to close at 6,048.2 points (-1.2%), whilst the S&P SL20 Index lost 48.3 points WoW to close at 3,383.5 points (1.4%). Indices dipped mainly on the back of the losses made by John Keells Holdings(-1.5% WoW),Dialog Axiata(-3.5%
WoW), Sri Lanka Telecom (-2.7% WoW), Commercial Bank (-2.2% WoW) and Hatton National Bank(-3.5% WoW).
During the week, the policy decision taken by the Central Bank to cut the Statutory Reserve Ratio (SRR) by 200 bps came
into effect on the 1st of July. Despite analyst fears, the LKR held steady within a narrow band as the Central Bank
undertook open market operations and moral suasion in order to mop up liquidity. Despite the expected positive impact on
equities arising from the monetary easing which is expected to lead to a drop in interest rates, investor sentiment was
overwhelmed by the downgrade by Moodys of Sri Lankas sovereign credit rating from Positive to stable which resulted in
the market ending the week in the red. The reports negative outlook was further compounded by the disappointing fiscal
data which has missed the income and expenditure goals set out by the government.
In addition a number of crossings were witnessed in Banking & Finance sector counters Including Commercial Bank,
Nations Trust Bank & Janashakthi Insurance as well as in large cap counters such as Carsons Cumberbatch and
Chevron Lubricants.
Furthermore, PC House, Central Investments & Finance, Janashakthi Insurance, Touchwood Investments and
Nations Trust Bank topped the list in terms of volume traded during the week.
The week saw foreign purchases amounting to LKR 1,308.1 mn whilst foreign sales amounted to LKR 817.9 mn. Market
capitalisation stood at LKR 2,322.8 bn, and the YTD performance is 7.2%.

A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

05 July 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

Price

JOHN KEELLS HOLDINGS


COMMERCIAL BANK [V]
COMMERCIAL BANK [NV]
NDB
DIALOG TELEKOM
CEYLON TOBACCO
HNB [V]
HNB [NV]
DISTILLERIES
BUKIT DARAH
SRI LANKA TELECOM
SAMPATH BANK
CARSON CUMBERBATCH
DFCC BANK
NESTLE LANKA
AITKEN SPENCE
PEOPLES LEASING
CENTRAL FINANCE
OVERSEAS REALTY
LANKA IOC
ASIAN HOTEL & PROPERTIES
CHEVRON LUBRICANTS
ACCESS ENGINEERING LIMITED
TAPROBANE HOLDINGS
SEYLAN BANK [V]
SEYLAN BANK [NV]
UNITED MOTORS
NATIONS TRUST BANK
CEYLON GUARDIAN
COLOMBO DOCKYARD
CEYLINCO INSURANCE [V]
CEYLINCO INSURANCE [NV]
CEYLON COLD STORES
RICHARD PIERIS
LOLC
HAYLEYS
AIT. SPENCE HOTEL HOLD.
ASIRI SURGICAL
LB FINANCE
ROYAL CERAMICS
HEMAS HOLDINGS
CEYLON TEA SERVICES
DIPPED PRODUCTS
VALLIBEL ONE LIMITED
CEYLON INVESTMENT
CEYLON THEATRES
JOHN KEELLS HOTELS
COMMERCIAL LEASING & FINANCE
TRANS ASIA
LAUGFS GAS
LAUGFS GAS [NV]
EXPOLANKA HOLDINGS
LION BREWERY
TEXTURED JERSEY

248.20
113.50
95.00
161.00
8.30
1,000.00
158.00
115.00
192.00
685.20
39.90
196.00
435.00
131.50
1,947.00
125.00
14.60
183.00
18.50
25.30
74.00
305.00
20.10
4.90
64.70
35.70
120.00
64.50
185.00
220.00
1,100.00
390.00
165.00
6.90
59.90
305.00
72.00
10.10
126.00
100.40
34.00
650.00
124.00
17.70
88.50
149.00
13.40
4.00
77.00
25.90
20.80
6.90
399.00
12.40

Trailing
ROE
13.6%
17.9%
17.9%
37.6%
22.0%
222.7%
15.3%
15.3%
11.2%
15.8%
8.8%
17.1%
11.6%
12.5%
112.2%
11.6%
15.8%
18.9%
13.2%
22.3%
11.5%
52.8%
19.1%
77.3%
11.0%
11.0%
27.3%
19.9%
13.6%
19.5%
13.8%
13.8%
20.9%
23.9%
9.3%
8.3%
13.8%
50.6%
32.0%
19.9%
13.6%
18.1%
20.7%
4.5%
14.4%
8.7%
6.9%
13.6%
17.6%
16.4%
16.4%
11.7%
17.7%
17.7%

BVPS

Net Profit

104.8
62.4
62.4
139.6
4.8
19.5
128.3
128.3
164.6
312.2
31.1
166.7
176.7
106.1
57.2
69.1
12.2
153.6
26.6
24.5
49.0
37.8
12.5
4.0
57.3
57.3
109.6
43.9
179.1
141.5
537.6
537.6
96.5
4.1
42.0
299.5
38.4
6.5
76.9
75.8
23.6
395.7
114.3
28.6
88.7
72.2
11.2
1.2
30.3
16.8
16.8
4.6
73.9
8.8

12,201.1
9,462.2
9,462.2
8,624.1
8,536.4
8,152.0
7,814.9
7,814.9
5,519.7
5,042.4
4,960.0
4,773.4
4,013.8
3,523.2
3,446.1
3,266.8
3,045.0
3,041.1
2,954.5
2,908.8
2,494.3
2,396.4
2,382.2
2,258.4
2,165.5
2,165.5
2,012.9
2,011.5
2,002.4
1,983.4
1,960.3
1,960.3
1,915.7
1,902.7
1,862.6
1,855.0
1,782.0
1,738.4
1,702.7
1,670.4
1,657.7
1,435.0
1,417.9
1,403.5
1,258.8
1,149.7
1,121.0
1,068.2
1,065.7
1,060.8
1,060.8
1,060.7
1,045.9
1,016.6

3
A member of Asia Capital Group

Trailing
EPS
14.2
11.1
11.1
52.5
1.0
43.5
19.6
19.6
18.4
49.4
2.7
28.5
20.4
13.3
64.1
8.0
1.9
29.0
3.5
5.5
5.6
20.0
2.4
3.1
6.3
6.3
29.9
8.7
24.4
27.6
74.2
74.2
20.2
1.0
3.9
24.7
5.3
3.3
24.6
15.1
3.2
71.8
23.7
1.3
12.8
6.3
0.8
0.2
5.3
2.7
2.7
0.5
13.1
1.6

Trailing
PE

PBV

17.4
10.2
8.5
3.1
7.9
23.0
8.1
5.9
10.4
13.9
14.5
6.9
21.3
9.9
30.4
15.5
7.6
6.3
5.3
4.6
13.1
15.3
8.4
1.6
10.3
5.7
4.0
7.4
7.6
8.0
14.8
5.3
8.2
7.1
15.3
12.3
13.6
3.1
5.1
6.7
10.6
9.1
5.2
13.7
6.9
23.7
17.4
23.9
14.5
9.4
7.6
12.7
30.5
8.0

2.4
1.8
1.5
1.2
1.7
51.2
1.2
0.9
1.2
2.2
1.3
1.2
2.5
1.2
34.1
1.8
1.2
1.2
0.7
1.0
1.5
8.1
1.6
1.2
1.1
0.6
1.1
1.5
1.0
1.6
2.0
0.7
1.7
1.7
1.4
1.0
1.9
1.6
1.6
1.3
1.4
1.6
1.1
0.6
1.0
2.1
1.2
3.3
2.5
1.5
1.2
1.5
5.4
1.4

Mkt Cap
Mn
212,880.9
90,128.6
5,181.6
26,436.5
67,593.4
187,323.8
50,338.2
9,194.6
57,600.0
69,890.4
72,013.9
32,880.4
85,428.3
34,860.3
104,603.5
50,749.5
23,066.0
19,193.6
15,604.5
13,473.0
32,765.4
36,600.0
20,100.0
3,591.5
11,385.7
6,032.7
8,072.1
14,874.2
15,187.9
15,809.0
22,000.0
2,501.6
15,681.6
13,510.8
28,464.5
22,875.0
24,212.9
5,337.4
8,726.4
11,123.3
17,519.9
13,000.0
7,422.8
19,232.1
8,718.6
27,281.5
19,512.4
25,510.8
15,400.0
8,676.5
1,081.6
13,488.9
31,920.0
8,122.0

Weekly Review by Asia Wealth Management Research

05 July 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
(2013/07/05)
80.10
80.10
14.10
14.10
20.20

Expiry Date

Warrant Price
(2013/07/05)

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

2.50
2.50
1.10
2.00
2.20

4
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)
(2.50)
(2.50)
(1.10)
(2.00)
(2.20)

Weekly Review by Asia Wealth Management Research

05 July 2013

Commodity Prices
Date as at

14.06.13

Brent Crude Oil (USD/barrel)

21.06.13

28.06.13

05.07.13

WoW %
change

104.3

102.6

102.8

105.8

2.9%

METALS
Gold (USD/ounce)

1,380.7

1,290.1

1,200.3

1,245.0

3.7%

Copper LME (USD/ton)

7,057.0

6,738.5

6,726.8

6,950.0

3.3%

AGRI
Date as at

14.06.13

Tea LKR/Kg

444.83

Date as at

14.06.13

Rubber (RSS 1) LKR /Kg


Exchange Rates (LKR)
USD
EURO
STG (GBP)
YEN
YUAN (CNY)

365.0
14.06.13
128.60
171.35
201.30
1.35
20.98

21.06.13
443.55
21.06.13
365.0
21.06.13
128.45
169.95
199.28
1.32
20.95

03.07.13

03.07.13

444.48
27.06.13

435.38
02.07.13

N/A
28.06.13

376.50
05.07.13

130.40
170.01
199.17
1.32
21.22

130.61
168.44
196.40
1.30
21.30

WoW %
change
-2.0%
WoW %
change
N/M
WoW %
change
0.16%
-0.92%
-1.39%
-1.52%
0.38%

Source: Bloomberg, AFP, Reuters, CBSL, RDDSL, Asia Siyaka

OIL
Price of crude oil reached its highest level since May 2012 mainly on account of the political unrest in Egypt which raged
concerns regarding a possible disruption to the worlds crude oil supply. Egypt is not a nation that produces crude oil,
however, the Suez channel which lies within its borders facilitates a large volume of goods to be transported from the
Middle East to the rest of the world. Hence, concerns were raised regarding a possible disruption to supply of crude oil by
the unstable political situation that has developed in the state of Egypt. Reflecting these developments the price of Brent
crude climbed 2.9% WoW to USD 105.8/barrel during the week.

5
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

05 July 2013

Commodity Prices
Gold
Gold prices broke away from its steep slide witnessed during the previous weeks and rebound sharply on account of the
increased inflation expectations with the spike in crude oil prices together with ECBs and Bank of Englands pledge to
keep policy interest rates low. Hence, the fall in real interest rates in key regions of the global economy can be held
accountable for the sharp rise in gold prices during the week. The price of spot gold jumped 3.7% WoW to USD
1,245/ounce on the back of these developments.

Copper
Copper prices surged during the week on account of the drop in copper stock piles at the London Metal Exchange and in
Shanghai Metal Exchange raising the price of copper to a two-week high. Reflecting these changes the price of copper rose
as much as 3.3% WoW to USD 6,950/ton during the week.

Forex Markets
The U.S dollar gained against most of the internationally traded currencies on expectations of U.S unemployment level
edging down to 7.5% in June from 7.6% before a U.S report that indicates that the worlds largest economy would have
managed to add enough jobs during the month to lower its rate of unemployment. This led the market to speculate that the
Fed may taper its stimulus efforts and the green back gained ground on the back of these expectations. However, it should
be mentioned that the Fed may not decide its stimulus policy based on just one months data and more importantly, it may
look for a significant improvement in labour force participation rate given that deterioration of the latter leads to a fall in
the rate of unemployment despite the net jobs added to the economy remaining negative. Approximately 200,000 new jobs
should be added each month for the U.S unemployment rate to reduce without a drop in labour force participation. U.S
labour force participation rate is now 63.3% which is the lowest since 1979.
Source: Bloomberg, AFP, Reuters, Eurostat

6
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

05 July 2013

Conclusion
The bourse slumps amidst concerns regarding LKR depreciation and rating outlook
cut
Bourse trended upward during the first two days of this week, however it began to shed points from mid week
possibly due to the concerns arising from the rating outlook cut by Moodys Investors service and the weakening of
the LKR. Country faced this rate cut on the back of rising bank foreign debt, continuing budget deficit and high state
borrowings which could weaken the external payments position. Nevertheless, the GOSL has taken measures to
stabilise the external payments position since early last year whereby the foreign exchange reserves stabilised at USD
6.9bn as of April 2013. Meanwhile the data released by the Finance Ministry revealed that the State revenues and
grants for 1H2013 fell c. 3.9% YoY to LKR509.4bn, whilst the expenditures rose c.3.3% YoY to LKR861.6bn with
the budget deficit expanding 16% YoY to LKR352.2bn. Further, the rupee depreciated c. 0.16% WoW possibly
owing to the foreign loans of the banking sector that are maturing during this month, however the depreciation was
restricted owing to selective intervention by the CBSL.
With regard to market activities, large scale transactions supported by foreign and institutional investors on selected
counters dominated the bourse, whilst retail interest was focused on few small cap counters. Foreign investors
position for the week reversed from last weeks net out flow to a net foreign inflow of LKR490.2mn. Banking
counters such as Nations Trust Bank continued to garner foreign interest throughout the week, whilst Commercial
Bank and Carson Cumberbatch saw significant out flow during the week. However, we urge the investors to take
positions in stocks from selected sectors which are likely to benefit from the recent changes in the macro
environment. As discussed in our last weekly report, we are optimistic on the Banking sector following the SRR cut
and the cut in policy rates, which is likely to bring down the market interest rates and boost the private sector credit
growth. However, banks which have high exposure to gold backed loans are likely to be challenged by the declining
gold prices. Further, companies involved in construction activities and companies involved in construction related
activities are likely to benefit from the ongoing development activities and the possible drop in market rates which in
turn boost private sector construction activity. While Manufacturing sector is likely to face challenges from the rise
in energy costs, companies who have the ability to pass on the cost increase to end customers and the companies who
have internalized their energy requirements are likely to outperform their peers in the sector.

7
A member of Asia Capital Group

Weekly Review by Asia Wealth Management Research

05 July 2013

Focus on Investment Key Buys


35

Manufacturing
X LKR 21.00

LKR

Tokyo Cement
N LKR 25.50

33
31

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.

29
27
25

23
TKYO
21

LKR

23
22

21
20
19

18
17

TKYOX

16

Banking & Finance


X LKR 95.00

130
LKR

Commercial Bank
N LKR 113.50

Commercial Bank is the largest private sector commercial bank with an


asset base of LKR512.2 bn as at Dec 2012, and operates with above 550
ATM points, which is also the largest single network in the country.
With the expected drop in interest rates in the economy consequent to the
cut in policy rates and lifting of the credit ceiling that prevailed during
2012, coupled with the strong capital adequacies; the bank is expected to
continue its growth momentum. Therefore considering these factors we
rate COMB as a mid to longer term investment.

120
115

110
105
100
95

COMB

LKR

90

8
A member of Asia Capital Group

125

105
100
95
90
85
80
75
70
65

COMBX

Weekly Review by Asia Wealth Management Research

05 July 2013

Focus on Investment Contd...


Banking & Finance
X- LKR 115.00

180

LKR

Hatton National Bank


N-LKR 158.00

170
160

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.

150
140

130
HNB
120

140

LKR

130
120
110

100
90
HNBX

CIC Holdings
N LKR 64.10

LKR

80

Chemicals & Pharmaceuticals


X LKR 46.10

95
90

85
80

CIC is considered as the only seed to shelf agricultural company in Sri


Lanka.The Company also has foot prints in consumer and
pharmecuitical industries, Paints, Industrial raw material and Packaging.
Acquisition of dairy farms in north & east region coupled with CICs
plans to expand overseas will strengthens companys earnings in the
medium to long term.

75
70
65
60

CIC

LKR

55

70
65

60
55
50
45
40

9
A member of Asia Capital Group

CICX

Weekly Review by Asia Wealth Management Research

05 July 2013

Focus on Investment Contd...


Peopless Leasing & Finance
N LKR 14.60

LKR

Banking & Finance

17
16
15

Largest specialized leasing company in Sri Lanka is a subsidiary of


Peoples Bank- the 2nd largest commercial bank inthe country, a
holding.Principal business activity of PLC is the provision of finance
leasing, operating leasing, HP facilities etc...During 2012 most of the
finance companies enjoyed much demand for loans, due to credit ceiling
imposed on LCBs. However the ceiling was lifted from the beginning
of 2013, yet we believe that the prjected decline in interest rates would
create more avenues for RFCs. PLC achieving the finance company
licenses, have opened opportunities to collect public deposits and
minimise cost of funds, where the company was earlier depending on
more borrowings. Going by these, we believe PLC is a medium to long
term healthy investment to consider.

13
12
11
10

Banking& Finance

248
228

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.

208

188
168

SAMP

148
128

Diversified

LKR

John Keells Holdings


N LKR 248.20

PLC

LKR

Sampath Bank
N LKR 196.00

14

310
290

270

The sustained performance of the group during FY13 inspite of its high
exposure to macro economic shocks is a testament to the firms
commitment towards value creation whilst maintaining a healthy
balance sheet.Going forward, with the growth in GDP, per capita
income and the increase in tourist arrivals we anticipate the consumer
retail and the leisure sector to perform admirably.

250

230
210

190

JKH

170

LB Finance
Banking & Finance
N LKR 126.00
.0 Finance is a leading registered finance company engaged in
LB

LKR

150

170
160

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.

150
140
130
120
110

100

10
A member of Asia Capital Group

180

LFIN

Weekly Review by Asia Wealth Management Research

05 July 2013

Focus on Investment Contd...


Manufacturing

7.5
LKR

Piramal Glass
N LKR 6.40

6.5

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.

5.5
5

Diversified

Aitken Spence, after an illustrious tenure of over 100+ years of


operations in Sri Lanka is today one of the most-recognized brand
names in Sri Lanka. Led by a competent management team, the group
has made successful investments into a number of key sectors of the
Sri Lankan economy, including Tourism, Logistics, power generation
and inward money transfer operations. The firm has consistently
recorded a growth in operating profit from core operations and has
maintained a high ROE resulting in value creation to shareholders.

SPEN

Construction

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.

24
22

20
18
16
AEL

14

11
A member of Asia Capital Group

145
140
135
130
125
120
115
110
105
100

LKR

Access Engineering
N LKR 20.10

GLAS

4.5

LKR

Aitken Spence
N LKR 125.00

Weekly Review by Asia Wealth Management Research

05 July 2013

Stock Exchange Announcements


As at 5th July 2013
Rights issues
Company

Proportion / Issue Price

Pelwatte Sugar

01 for 04 @ LKR18.00

Hotel Services (Ceylon)


Plc

03 for 08 @ LKR 10.00

XR date

Last Date Of
Acceptance &
Payment

Trading of rights
Commences on

* Rights issue would be delayed until the outcome of the


proposed Act with regard to acquisition of its land by the
State is known.
To be Notified

Dividends announcements
Company

Piramal Glass
The Lighthouse hotel
DFCC Bank
Aitken Spence
Aitken Spence Hotel Holdings
Dipped Products
Citizen Development Business

Dividend
Per share
(LKR)
0.38
2.00
5.00
1.50
1.00
3.00
2.75

LB Finance
E B Creasy & Co
Central Finance
Hayleys
Hemas Holdings
United Motors Lanka
CIC Holdings

6.50
10.00
1.20
4.50
0.45
4.00
1.00

Chemanex
Watawala Planation
Dankotuwa Porcelain
Ceylon Tea Services
CW Mackie

0.50
0.25
0.40
10.00
3.00

Final/ Interim

XD Date

First & Final


Final
First & Final
First & Final
First & Final
Final
First and Final
(Voting Non-Voting)
First and Final
First and Final
Final
First & Final
Final
Final
Final (Voting NonVoting)
Final
Final
Final
Final
First & Final

12
A member of Asia Capital Group

Payment Date

16-07-2013
01-07-2013
01-07-2013
28-06-2013
28-06-2013
28-06-2013
28-06-2013

25-07-2013
09-07-2013
09-07-2013
08-07-2013
08-07-2013
08-07-2013
08-07-2013

01-07-2013
01-07-2013
23-07-2013
01-07-2013
01-07-2013
08-07-2013
02-07-2013

09-07-2013
09-07-2013
31-07-2013
08-07-2013
09-07-2013
15-07-2013
10-07-2013

02-07-2013
10-07-2013
24-07-2013
01-08-2013
28-06-2013

10-07-2013
18-07-2013
31-07-2013
12-08-2013
08-07-2013

Weekly Review by Asia Wealth Management Research

05 July 2013

Stock Exchange Announcements Contd...


Company

Dividend
Per share
(LKR)
0.50
2.50

Final/ Interim

Final
First & Final

25-07-2013
31-07-2013

1.75
2.00
3.00

First & Final


First & Final
Final

31-07-2013
08-08-2013
01-08-2013
12-08-2013
To be notified

Peoples Leasing &


Finance
Sigiriya Village
Colonial Motors
Colombo Investment Trust
York Arcade Holdings
Merchant Bank of Sri
Lanka
AgstarFertilzers
Nawaloka Hospitals
Orient Finance
Expo Lanka Holdings
Softlogic Finance
Textured Jersey
Colombo Fort Investments
Tokyo Cement Company

0.50

Final

19-07-2013

2.00
3.00
1.00
0.40
0.50

First & Final


First & Final
First & Final
First & Final
First & Final

19-07-2013
30-07-2013
To be notified
29-07-2013
06-08-2013
29-07-2013
06-08-2013
To be notified

0.10
0.05
0.20
0.12
1.50
0.58
1.00
1.00

26-07-2013
05-08-2013
09-07-2013
18-07-2013
To be notified
11-07-2013
23-07-2013
12-07-2013
24-07-2013
24-07-2013
01-08-2013
06-08-2013
15-08-2013
12-08-2013
21-08-2013

Lanka Floortiles

2.60

Final
Interim
First & Final
Interim
Interim
Final
First & Final
First & Final( Voting & NonVoting)
Second Interim

Sunshine Holdings
Ceylon Guardian
Investment
Ceylon Investment
Carson Cumberbatch
Central Industries

XD Date

13
A member of Asia Capital Group

15-07-2013

Payment Date

02-08-2013
08-08-2013

30-07-2013

25-07-2013

Weekly Review by Asia Wealth Research

05 July 2013

Valuation Guide
Company

YE SH M.CAP Price
(mn) (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

Dec

318.60

50.3

158.00

4,786.8 6,148.8

8,111.0

10,003.5

11,625.6

12.0

15.4

20.4

25.1

29.2

13.2

10.2

7.8

6.3

5.4

8.50

5.4%

16%

129.5

1.2

HNB(NV)

Dec

79.95

9.2

115.00

4,786.8 6,148.8

8,111.0

10,003.5

11,625.6

12.0

15.4

20.4

25.1

29.2

9.6

7.5

5.7

4.6

3.9

8.50

7.4%

16%

129.5

0.9

Commercial Bank

Dec

794.08

90.1

113.50

5,508.0 8,094.7

10,079.8

10,791.3

12,960.3

6.5

9.5

11.9

12.7

15.3

17.5

11.9

9.6

8.9

7.4

6.50

5.7%

19%

62.4

1.8

Commercial Bank(NV)

Dec

54.54

5.2

95.00

5,508.0 8,094.7

10,079.8

10,791.3

12,960.3

6.5

9.5

11.9

12.7

15.3

14.6

10.0

8.0

7.5

6.2

6.50

6.8%

19%

62.4

1.5

Sampath Bank

Dec

167.76

32.9

196.00

3,484.5 4,150.6

5,342.6

5,759.8

7,026.0

20.8

24.7

31.8

34.3

41.9

9.4

7.9

6.2

5.7

4.7

6.00

3.1%

20%

162.2

1.2

NDB Bank

Dec

164.20

26.4

161.00

2,102.6 2,705.5

8,853.8

3,997.5

4,973.1

12.8

16.5

53.9

24.3

30.3

12.6

9.8

3.0

6.6

5.3

15.00

9.3%

36%

151.5

1.1

John Keells Hold.

Mar

857.70

212.9

248.20

5,201.5 8,245.6

9,775.0

12,201.1

12,425.0

6.1

9.6

11.4

14.2

14.5

40.9

25.8

21.8

17.4

17.1

3.50

1.4%

14%

104.7

2.4

Aitken Spence Hold.

Mar

406.00

50.7

125.00

2,059.6 2,536.0

3,709.2

3,266.8

5,089.4

5.1

6.2

9.1

8.0

12.5

24.6

20.0

13.7

15.5

10.0

1.50

1.2%

12%

69.1

1.8

Distilleries

Mar

300.00

57.6

192.00

2,135.7 8,124.0

5,675.4

5,519.7

8,918.3

7.1

27.1

18.9

18.4

29.7

27.0

7.1

10.1

10.4

6.5

0.0%

11%

164.6

1.2

Ceylon Tobacco

Dec

187.32

187.3 1000.00

5,097.1 6,568.8

8,176.7

8,097.4

8,083.5

27.2

35.1

43.7

43.2

43.2

36.8

28.5

22.9

23.1

23.2

45

4.5%

239%

18.2

54.8

Asian Hotels & Properties

Mar

442.78

32.8

74.00

629.8 1,774.5

2,150.6

2,494.3

2,617.7

1.4

4.0

4.9

5.6

5.9

52.7

18.7

15.2

13.1

12.5

4.00

5.4%

11%

49.0

1.5

Aitken Spence Hotel

Mar

336.29

24.2

72.00

523.8 1,034.1

1,395.3

1,782.1

1,747.0

1.6

3.1

4.1

5.3

5.2

46.2

23.4

17.4

13.6

13.9

1.00

0.0%

14%

38.4

1.9

Chevron Lubricants

Dec

120.00

36.6

305.00

1,501.3 2,000.6

2,257.3

2,583.5

2,678.2

12.5

16.7

18.8

21.5

22.3

24.4

18.3

16.2

14.2

13.7

11.00

3.6%

55%

34.4

8.9

Tokyo (V)

Mar

202.50

5.2

25.50

369.3

855.7

973.2

827.9

1,505.0

1.2

2.8

3.2

2.7

5.0

21.0

9.1

8.0

9.4

5.1

0.0%

12%

22.1

1.2

Tokyo (NV)

Mar

101.25

2.1

21.00

369.3

855.7

973.2

827.9

1,505.0

1.2

2.8

3.2

2.7

5.0

17.3

7.5

6.6

7.7

4.2

0.0%

12%

22.1

0.9

Piramal Glass

Mar

950.09

6.1

6.40

(61.1)

578.7

686.4

724.4

948.2

(0.1)

0.6

0.7

0.9

1.0

N/A

10.5

8.9

6.8

6.4

0.38

5.9%

20%

3.8

1.7

CHEMICAL &
PHARMACEUTICAL
CIC Holdings (V)

Mar

72.90

4,672.9

64.10

589.6

926.6

916.5

230.9

1,405.2

6.2

9.8

9.7

2.4

14.8

10.3

6.6

6.6

26.3

4.3

1.63

2.5%

3%

81.9

0.8

CIC Holdings (NV)

Mar

21.87

1,008.2

46.10

589.6

926.6

916.5

230.9

1,405.2

6.2

9.8

9.7

2.4

14.8

7.4

4.7

4.8

18.9

3.1

1.63

3.5%

3%

81.9

0.6

CONGLOMERATES

FOOD & BEVERAGE

TOURISM

MANUFACTURING

94.77

PLANTATIONS
Kegalle Plantations

Mar

25.00

2.6

105.10

376.1

837.7

681.5

542.5

892.1

15.0

33.5

27.3

21.7

35.7

7.0

3.1

3.9

4.8

2.9

0.0%

16%

134.0

0.8

Namunukula Plantations

Mar

23.75

1.8

74.00

146.7

409.3

374.6

409.2

454.4

6.2

17.2

15.8

17.2

19.1

12.0

4.3

4.7

4.3

3.9

0.0%

21%

84.0

0.9

Kotagala Plantations

Mar

40.00

1.9

48.30

323.2

667.8

438.6

516.7

620.9

8.1

16.7

11.0

12.9

15.5

6.0

2.9

4.4

3.7

3.1

2.50

5.2%

15%

85.6

0.6

Laugfs Gas (Voting)

Mar

335.00

8.7

25.90

243.1

852.7

930.3

1,060.8

1,185.1

0.6

2.2

2.4

2.7

3.1

41.2

11.8

10.8

9.4

8.5

1.50

5.8%

16%

19.4

1.3

Laugfs Gas (Non voting)

Mar

52.00

1.1

20.80

243.1

852.7

930.3

1,060.8

1,185.1

0.6

2.2

2.4

2.7

3.1

33.1

9.4

8.7

7.6

6.8

1.50

7.2%

16%

17.5

1.2

POWER & ENERGY

*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

05 July 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(%)

(1.19)
(1.29)

(5.83)
(5.41)

4.89
(1.55)

1Y(%)

Shares Trailing
Mn
ROE

23.29
28.80

13.22%
15.73%

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

113.50
95.00
131.50
158.00
115.00
64.50
161.00
18.20
196.00
64.70
35.70
37.00
17.70

(1.73)
0.21
(4.36)
(1.92)
(5.00)
2.22
(0.37)
(6.22)
(4.49)
(0.92)
(0.83)
(6.28)
-

(8.11)
(4.23)
(8.62)
(6.40)
(10.95)
(3.30)
(6.74)
(11.71)
(10.96)
(5.94)
(5.05)
(14.25)
(8.85)

(0.18)
15.61
0.53
28.03
(6.07)
21.76
(3.13)
9.72
(10.95)
20.91
7.50
38.71
0.06
62.55
(12.98)
7.10
(11.00)
30.45
3.84
18.43
2.00
42.80
(18.38) (25.70)
(20.81)
32.58

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

26.00
4.00
948.00
4.05
95.20 (8.37)
183.00
0.55
9.00
1.12
59.90 (0.17)
126.00 (0.87)
16.60 (3.53)
14.00 (1.41)
0.80
0.30 (25.00)
13.00
0.78
4.20 (2.33)
33.60
7.69
31.00
2.31
73.10 (0.14)
12.60 (4.55)
20.00
3.09
13.50 (6.90)

(6.47)
(10.41)
(6.85)
(4.69)
(23.08)
(0.17)
(5.90)
(8.38)
(9.68)
(11.11)
(25.00)
(8.45)
(16.00)
(1.75)
(10.14)
(3.31)
(15.44)
(19.35)
(8.78)

13.04
15.19
8.18
1.78
(1.10)
8.32
(5.26)
(16.75)
(9.09)
(25.00)
(10.34)
(23.64)
32.81
6.90
(6.16)
(3.08)
29.87
8.00

(18.24)
51.68
12.00
41.86
15.38
60.59
9.09
(18.81)
12.00
(20.00)
(25.00)
(37.50)
(14.29)
4.35
2.99
(14.50)
11.50
(8.68)
35.00

15
A member of Asia Capital Group

794.08
54.54
265.10
318.60
79.95
230.61
164.20
295.04
167.76
175.98
168.98
64.71
349.25
110.00
2.43
4.46
104.88
249.91
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

17.87%
17.87%
12.52%
15.29%
15.29%
19.89%
37.62%
18.73%
17.07%
10.95%
10.95%
1.48%
3.34%
13.68%
na
26.65%
15.95%
18.88%
na
9.33%
31.95%
1.44%
na
7.87%
7.87%
na
na
12.66%
31.21%
8.76%
12.41%
8.95%
19.33%

BVPS

62.41
62.41
106.14
128.28
128.28
43.85
139.62
13.86
166.66
57.32
57.32
37.54
14.31
7.21
826.66
97.64
153.59
1.85
42.01
76.94
21.50
12.40
0.52
0.52
-34.41
-34.41
32.23
22.56
128.72
11.47
12.81
11.86

Net Profits
4 Qtrs
trailing

Mar13

Dec12

197,090.60 53,026.05
68,426.88 12,335.75
39,343.47 7,566.77
9,462.15 2,256.05
9,462.15 2,256.05
3,523.25 1,226.63
7,814.90 1,262.19
7,814.90 1,262.19
2,011.46
501.93
8,624.13
506.89
765.86
151.45
4,773.44 1,055.90
2,165.54
509.51
2,165.54
509.51
36.00
38.43
166.73
57.79
16,200.61 3,363.04
(627.32) (240.79)
535.34
150.45
69.49
20.94
3,041.11
703.25
(173.82)
5.64
1,862.55
171.58
1,702.67
466.10
41.79
(2.29)
(89.27)
(25.71)
74.51
17.77
74.51
17.77
(1,611.16) (349.08)
(1,611.16) (349.08)
152.87
64.76
292.52
91.26
71.00
13.99
235.42
57.03
30.86
26.70
130.20
30.58

64,311.55
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

Net Profits (mn)


Sep12
Jun12
48,205.01
13,656.25
7,943.94
2,303.20
2,303.20
819.13
1,676.38
1,676.38
566.53
678.77
195.40
1,044.53
589.19
589.19
0.01
70.79
5,095.89
(145.25)
144.21
10.38
796.33
(81.05)
605.22
429.15
30.48
1.28
27.83
27.83
(357.76)
(357.76)
55.33
66.92
31.19
61.19
3.94
71.12

32,257.34
11,514.28
8,152.55
2,469.90
2,469.90
682.38
1,707.60
1,707.60
487.50
641.28
159.63
1,359.21
612.27
612.27
5.36
27.42
2,651.62
(139.98)
110.77
18.18
785.24
(100.43)
656.84
432.96
6.67
(36.87)
9.91
9.91
(393.92)
(393.92)
61.74
59.43

Trailing Trailing
EPS
PE

PBV Market Cap


(mn)

11.79
9.25

1.56 2,322,779.70
1.46

11.15
11.15
13.29
19.61
19.61
8.72
52.52
2.60
28.45
6.28
6.28
0.56
0.48

10.2
8.5
9.9
8.1
5.9
7.4
3.1
7.0
6.9
10.3
5.7
66.5
37.1

1.8
1.5
1.2
1.2
0.9
1.5
1.2
1.3
1.2
1.1
0.6
1.0
1.2

90,128.63
5,181.61
34,860.35
50,338.16
9,194.57
14,874.17
26,436.51
5,369.75
32,880.37
11,385.74
6,032.69
2,394.29
6,181.73

na
220.31
15.57
29.00
na
3.92
24.58
0.31
na
0.04
0.04
na
na
4.08
7.04
11.28
1.42
1.15
2.29

na
4.3
6.1
6.3
na
15.3
5.1
53.6
na
19.4
7.3
na
na
8.2
4.4
6.5
8.8
17.5
5.9

3.6
1.1
1.0
1.2
4.9
1.4
1.6
0.8
1.1
1.5
0.6
-0.4
-0.1
1.0
1.4
0.6
1.1
1.6
1.1

2,860.00
2,303.64
424.83
19,193.65
2,249.22
28,464.48
8,726.40
2,241.00
945.00
953.41
184.22
753.56
420.00
1,258.45
1,288.07
460.23
2,083.20
538.67
766.81

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

1.50
99.00
1100.00
390.00
306.00
52.00
98.00
13.60

(5.71)
(3.70)
(0.56)
0.72
(3.35)
(1.51)
-

(2.08)
19.28
10.75
12.56
3.95
19.88
(2.86) (12.57)
(4.41)
8.33
(6.67)
13.95
23.64

(6.25)
9.03
40.92
27.65
97.55
35.06
15.29
38.78

CDICN
CFVFN
LVENN

MainB
MainB
MainB

D
M
M

465.10
17.50
35.00

(5.66)
(6.42)
2.34

(4.79)
(4.37)
(1.41)

95.09
75.00
17.06

44.00
32.60
50.00
2.20
12.00
12.90
2200.00
19.60
3.00
31.00
1.70
385.00
17.40
8.50
5.70
20.70
14.60
2.10
14.10
72.60
4.00
640.00

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
1.15
(15.06)
9.18
25.71
(6.29)
(21.90)
9.33 (3.53)
- 150.00
(8.70)
(30.00) (36.36) (66.13)
(8.40)
1.69
20.00 (16.08)
(1.53)
(3.01)
1.57 (6.52)
(8.37)
(20.24) (24.23)
12.57
(3.23)
(11.76) (9.09) (9.09)
(6.91)
(1.59)
12.32 (3.73)
(15.79)
(15.79) (33.33) (57.89)
(2.04)
2.67
14.93
(7.45)
(24.02)
17.57 (24.35)
(2.30)
6.25
41.67
63.46
(3.39)
(10.94) (8.06) (5.00)
(9.21)
(20.38)
15.64
33.55
(0.68)
(2.01)
4.29
36.45
(8.70)
(8.70) (8.70) (19.23)
(2.08) (4.73) (20.79)
1.97
(2.68)
10.69 (19.27)
(2.44)
(2.44) (16.67)
33.33
27.97
12.28 (1.54)
-

(3.43)
48.31
9.38

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
17.80%
55.32
17.80%
55.32
36.69%
29.49
9.24%
0.92
9.97%
10.08
48.74%
6.12
11.05% 1898.30
na
16.65
12.65%
1.94
8.34%
12.01
na
4.48
24.43% 111.35
2.47%
8.10
5.46%
5.29
na
5.90
18.49%
22.43
15.83%
12.18
9.98%
1.33
21.05%
6.92
9.77% 149.38
13.63%
1.23
5.95%
14.87

1000.00
37.50
20.00
6.41
30.00
50.00
85.71
363.00

13.31%
7.17%
13.80%
13.80%
18.24%
20.74%
23.77%
30.24%

0.99
45.24
537.64
537.64
136.93
35.79
46.50
8.85

32.90 135.22%
101.25 21.46%
50.00 17.56%

158.25
18.73
20.73

05 July 2013

Net Profit
4Qtrs
534.77
534.77
577.42
42.47
34.09
710.10
630.79
(78.86)
686.28
37.03
(330.44)
152.54
7.76
29.09
(225.76)
136.85
3,045.00
73.99
168.48
367.29
1,068.23
19.89

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

5,252.78
131.50
121.60
1,960.30
1,960.30
749.10
371.11
947.47
971.70
7,630.02
7,041.20
406.85
181.97

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
71.65
12.42
270.32
416.78
(13.68)
543.10
27.55
(31.16)
37.07
5.77
12.26
(172.30)
56.55
806.00
36.00
88.62
65.36
594.70
15.12

Profits
Jun'12
97.04
97.04
136.29

394.71
10.36

490.68
17.08
(25.82)
109.16
109.16
99.99
54.89
71.61
163.77
219.43
145.90
33.95
39.59

160.50
160.50
103.09
54.86
65.90
221.70
118.53
73.04
30.13

0.41
36.73
5.99

710.00

111.65

Trailing Trailing PBV Mkt Cap Mn


EPS
PE
9.85
4.5
0.8
2,037.17
9.85
3.3
0.6
261.00
10.82
4.6
1.7
2,668.40
0.08
25.9
2.4
1,100.00
1.01
11.9
1.2
406.82
2.98
4.3
2.1
3,071.16
209.84
10.5
1.2
6,613.20
1.12
na
1.2
440.26
0.25
12.2
1.5
8,400.00
1.00
31.0
2.6
1,147.00
0.00
na
0.4
141.83
27.20
14.2
3.5
2,159.22
0.20
86.9
2.1
674.53
0.29
29.4
1.6
856.09
-0.93
na
1.0
1,705.44
4.15
5.0
0.9
683.10
1.93
7.6
1.2
23,065.99
0.13
15.9
1.6
1,174.89
1.46
9.7
2.0
1,630.31
na
na
na
1,827.73
0.17
23.9
3.3
25,510.84
0.88
723.8 43.04
14,400.00

0.13
2.11
74.21
74.21
24.97
7.42
11.05
2.68

11.8
46.8
14.8
5.3
12.3
7.0
8.9
5.1

1.5
2.2
2.0
0.7
2.2
1.5
2.1
1.5

1,500.00
3,712.50
22,000.00
2,501.65
9,180.00
2,600.00
8,400.00
4,936.80

213.99
4.02
3.64

2.2
4.4
9.6

2.9
0.9
1.7

15,304.08
1,771.88
1,750.00

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
0.16
(2.23)
(4.26)
(7.60)
(2.24)
(9.73)
17.05
(4.60)
(2.94)
(5.82)
(1.66)
0.45
(0.02)
(6.93)
(11.32)
(0.62)
(6.98)
(9.17)
(15.82)
(1.19)
(4.60)
4.99
(3.02)
(2.85)
(8.90)
(4.76)
1.01
1.97
0.50
(4.00)
0.40
(1.48)
(5.81)
(8.13)
(4.76)
(6.98)
(3.47)
(7.24)
(4.17)
(8.00)
(5.83)
(13.08)

BEVERAGE FOOD AND TOBACCO


BAIRAHA FARMS
CARGILLS
CEYLON BREWERY
CEYLON COLD STORES
CEYLON TEA SERVICES
CEYLON TOBACCO
RENUKA SHAW WALLACE (N)
RENUKA SHAW WALLACE [NV]
CONVENIENCE FOOD
DISTILLERIES
HARISCHANDRA MILLS
KEELLS FOOD PRODUCTS
KOTMALE HOLDINGS
LION BREWERY
LANKA MILK FOODS
NESTLE LANKA
THREE ACRE FARMS
RENUKA AGRI
TEA SMALLHOLDERS
RAIGAM WAYAMBA SALTERNS LTD
HVA FOODS

BFL N
CARGN
BREWN
CCS N
CTEAN
CTC N
COCON
COCOX
SOY N
DISTN
HARIN
KFP N
LAMBN
LIONN
LMF N
NESTN
TAFLN
RAL N
TSMLN
RWSLN
HVA N

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

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

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

(3.07)
78.00 (4.76)
64.10 (5.74)
46.10 (2.95)
197.50
1.12
205.00 (10.87)
356.00
1.34
210.00
0.05
145.00 (3.78)
63.40 (3.05)
1.50 (6.67)
500.00 (9.06)
2.80 (24.32)

CONSTRUCTIONS
COLOMBO DOCKYARD
LANKEM DEVELOPMENTS
MTD WALKERS
ACCESS ENGINEERING LIMITED

DOCKN
LDEVN
KAPIN
AEL N

MainB
MainB
MainB
MainB

D
M
M
M

220.00
6.10
29.60
20.10

135.00
166.00
589.00
165.00
650.00
1000.00
18.90
16.00
185.00
192.00
2099.70
75.00
44.00
399.00
120.00
1,947.00
37.30
4.00
50.00
2.40
11.20

(0.79)
(0.45)
(4.69)
(3.61)
(0.50)

1Q(%)
18.61
(9.15)
7.23
35.09
21.41
27.74
2.17
8.84
1.04
19.19
(6.68)
7.14
31.34
19.82
14.18
11.36
(8.80)
25.00
4.55
(1.74)

1Y(%)
48.76
8.26
17.39
117.26
43.10
(0.76)
52.70
(59.66)
(51.07)
10.24
48.98
(8.91)
(16.48)
47.16
94.35
27.66
62.35
(31.93)
(6.98)
34.77
(11.54)
2.73

Shares Trailing
Mn
ROE
21.38%
16.00 9.35%
224.00 7.44%
20.99 17.24%
95.04 20.88%
20.00 18.13%
187.32 222.73%
89.77 3.34%
4.77 3.34%
2.75 25.53%
300.00 11.18%
0.96 10.78%
25.50 5.35%
31.40 15.68%
80.00 17.70%
40.00 4.55%
53.73 112.20%
23.55
na
561.75 10.09%
30.00 10.63%
282.21 4.56%
66.43 7.63%

(8.22)
9.28
(5.34)
2.63
(9.72)
6.83
(9.43)
1.32
(5.90)
13.50
(20.39)
1.03
1.71 106.26
6.60
90.91
(12.00) (5.16)
(9.14)
13.57
(12.50) (6.67)
2.04
11.36
(45.10) (56.25)

0.88
(11.36)
(20.67)
(16.33)
28.60
(31.67)
91.40
73.27
11.69
11.58
(6.67)
(10.71)
(77.60)
17.71
13.05
(8.96)
47.00
18.24

(5.54)
(7.17)
(11.59)
1.38
(5.19)

4.83
2.56
3.39
22.50
4.15

17
A member of Asia Capital Group

BVPS

05 July 2013

106.11
34.64
146.27
96.54
395.67
19.54
23.69
23.69
132.29
164.60
992.94
62.65
23.80
73.88
218.34
57.17
32.82
3.32
26.86
2.72
7.68

Net Profit
4Qtrs
23,735.40
158.793
577.54
529.15
1,915.72
1,435.05
8,152.00
74.92
74.92
92.87
5,519.70
102.75
85.55
117.19
1,045.91
397.47
3,446.13
(263.03)
188.04
85.66
35.06
38.94

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
6,377.65
18.50
81.07
169.09
179.40
456.20
2,300.00
39.80
39.80
3.90
1,616.60
22.33
4.97
16.12
314.53
78.55
798.13
3.57
198.72
30.62
20.02
25.54

Profits
Jun'12
6,001.66
50.08
245.79
151.14
250.90
427.46
2,405.00
36.79
36.79
(0.17)
1,461.80
19.49
15.23
27.34
313.42
43.98
784.17
(254.68)

6.78%
15.75
na
72.90 2.98%
21.87 2.98%
29.71 21.19%
0.67 2.61%
5.81 7.99%
1.74 7.99%
24.00 6.65%
5.54
na
283.00 15.62%
1.50 14.97%
101.00
na

79.51
81.88
81.88
148.67
134.79
266.04
266.04
185.81
53.51
0.60
199.08
1.59

1,554.73
(34.43)
230.93
230.93
935.99
2.35
160.45
160.45
296.70
(13.87)
26.55
44.70
(94.64)

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

127.64
(6.14)
(17.32)
(17.32)
179.15
0.55
25.17
25.17
(72.66)
(3.21)
8.74
13.37

16.41%
71.86 19.50%
60.00
na
114.36 7.11%
1000.00 19.10%

141.55
11.43
33.89
12.47

4,464.51
1,983.37
(176.67)
275.59
2,382.23

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

420.13
450.98
18.04
(48.89)

23.92

Trailing Trailing
EPS
PE
20.80
9.92
13.6
2.58
64.4
25.21
23.4
20.16
8.2
71.75
9.1
43.52
23.0
0.79
23.9
0.79
20.2
33.77
5.5
18.40
10.4
107.05
19.6
3.35
22.4
3.73
11.8
13.07
30.5
9.94
12.1
64.14
30.4
na
na
0.33
11.9
2.86
17.5
0.12
19.3
0.59
19.1

PBV Mkt Cap Mn


4.45
1.3
4.8
4.0
1.7
1.6
51.2
0.8
0.7
1.4
1.2
2.1
1.2
1.8
5.4
0.5
34.1
1.1
1.2
1.9
0.9
1.5

2,160.00
37,184.00
12,361.99
15,681.60
13,000.00
187,323.75
1,696.69
76.37
508.75
57,600.00
2,015.29
1,912.50
1,381.60
31,920.00
4,799.76
104,603.48
878.23
2,247.00
1,500.00
677.30
744.00

na
2.44
2.44
31.50
3.52
21.25
21.25
12.36
na
0.09
29.80
na

13.27
na
26.3
18.9
6.3
58.2
16.8
9.9
11.7
na
16.0
16.8
na

0.90
1.0
0.8
0.6
1.3
1.5
1.3
0.8
0.8
1.2
2.5
2.5
1.8

1,228.50
4,672.89
1,008.21
5,868.19
136.65
2,067.75
365.92
3,480.00
351.29
424.50
750.00
282.80

27.60
na
2.41
2.38

8.88
8.0
na
12.3
8.4

1.46
1.6
0.5
0.9
1.6

15,808.96
366.00
3,384.97
20,100.00

Weekly Review by Asia Wealth Research

Company

Year
End

DIVERSIFIED
AITKEN SPENCE
CARSON CUMBERBATCH
CEYLON THEATRES
COLOMBO FORT LAND
FINLAYS COLOMBO
HAYLEYS
HEMAS HOLDINGS
JOHN KEELLS HOLDINGS
DUNAMIS CAPITAL
RICHARD PIERIS
SUNSHINE HOLDINGS
SOFTLOGIC HOLDINGS
EXPOLANKA HOLDINGS
FREE LANKA CAPITAL HOLDINGS
VALLIBEL ONE LIMITED
BROWNS INVESTMENTS PLC
PCH HOLDINGS LIMITED
TAPROBANE HOLDINGS

SPENN
CARSN
CTHRN
CFLBN
JFINN
HAYLN
HHL N
JKH N
CSECN
RICHN
SUN N
SHL N
EXPON
FLCHN
VONEN
BIL N
PCHHN
TAP N

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

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

125.00
435.00
149.00
33.50
275.50
305.00
34.00
248.20
13.20
6.90
34.40
9.70
6.90
2.50
17.70
2.90
1.90
4.90

FOOTWEAR AND TEXTILES


CEYLON LEATHER
HAYLEYS - MGT
KURUWITA TEXTILES
ODEL

CLPLN
MGT N
KURUN
ODELN

MainB
MainB
MainB
DiriSaviB

M
M
M
M

80.10
10.20
21.20
21.50

HOTELS AND TRAVELS


City Hotels
ASIAN HOTEL & PROPERTIES
GALADARI
HOTEL DEVELOPERS
HOTEL SERVICES
RENUKA CITY HOTEL
TAJ LANKA
TRANS ASIA

AHPLN
GHLLN
HDEVN
SERVN
RENUN
TAJ N
TRANN

MainB
MainB
DefaultB
MainB
MainB
MainB
MainB

M
D
M
M
M
M
M

74.00
12.50
94.80
11.90
285.00
28.60
77.00

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.28)
(7.46)
2.10
15.49
(3.85)
(6.79)
4.60
8.79
(0.05)
(1.20) (2.25) (6.23)
(0.69)
10.77
2.86
(2.06)
(8.77)
14.43
33.20
0.25
(8.10) (10.75)
2.26
(0.39)
(1.77)
5.21 (4.66)
(1.45)
(5.56)
25.93
59.62
(0.99)
(10.88)
0.81
35.77
(6.38)
(7.69)
22.22
51.72
(1.45)
(9.33)
(1.71)
(4.44)
23.30
42.74
(3.00)
(14.16) (3.96) (3.00)
(4.17)
2.99
16.95
(7.69)
(11.11)
33.33
(2.75)
(7.81)
7.93
16.45
(3.33)
(12.12) (12.12)
3.57
(36.67)
(47.22) (61.22) (85.04)
(2.00)
11.36
22.50
(4.54)
(7.51)
3.03
(6.61)
(4.76)

(8.37)
(1.35)
(2.86)
(14.17)
(12.00)

(1.35)

(6.10)

2.86
(1.57)
(4.10)
3.64
(2.39)
(4.94)

(0.17)
16.40
0.75
3.62
(3.77)
22.89
(5.78) (11.67)
0.92
25.00
0.95

69.10
176.65
72.20
36.47
158.05
299.45
23.59
104.79
10.37
4.06
28.14
10.32
4.65
4.72
28.58
5.70
5.53
3.99

-3.29%
2.92%
na
na
3.45%

88.43
10.17
35.51
16.76

(329.77)
88.37
(499.69)
(75.77)
157.32

49.00
2.28
na
5.57
325.61
16.69
30.27

8,665.62
3,818.96
2,494.30
220.41
na
(448.71)
266.08
221.16
1,065.72

34.23
152.34
25.00
272.13

6.09

(3.87)
0.84
0.14
(7.41) (2.34) (3.10)
(26.88) (18.75) (19.86)
(5.22)
18.85
44.52
(5.61)
13.04
11.72
(7.23)
2.12
24.19

18
A member of Asia Capital Group

Shares Trailing
Mn
ROE
11.22%
406.00 11.65%
196.39 11.57%
183.10 8.70%
180.00 9.69%
35.00 6.62%
75.00 8.26%
515.29 13.64%
857.70 13.57%
123.00 12.57%
1958.09 23.94%
133.33 16.85%
779.00 3.75%
1954.92 11.68%
1368.00 8.85%
1086.56 4.52%
1860.00
na
252.00
na
732.95 77.27%

BVPS

7.91%
442.78
500.83
45.23
176.00
7.00
139.64
200.00

11.50%
19.27%
na
na
11.67%
9.49%
17.61%

05 July 2013

Net Profit
4Qtrs
Mar'13
33,100.83 11,696.96
3,266.84 1,193.17
4,013.75 2,408.60
1,149.70
388.39
635.91
78.68
365.93
85.12
1,855.02
490.84
1,657.66
590.54
12,201.08 5,232.99
160.43
132.00
1,902.72
330.59
632.13
145.24
301.17
11.98
1,060.66
277.51
571.16
224.70
1,403.46
242.33
(98.53)
(53.62)
(236.63) (142.00)
2,258.36
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
7,131.66
731.41
874.90
147.06
7.14
82.13
372.48
387.78
2,411.73
20.37
569.53
98.31
133.57
299.27
203.23
796.53
21.70
(52.17)
26.68

Profits
Jun'12
4,201.60
640.57
(93.01)
196.16
180.99
89.88
219.08
334.33
1,658.72
(9.59)
445.54
184.14
71.01
283.79

(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

(60.71)
27.38
(41.65)
(46.45)

3,864.31
1,286.21
896.80
-5.26

2,346.98
1,111.11
622.66
209.00

-106.80
33.10
25.97
442.40

(138.90)
82.10
87.46
248.79

1,964.18
1,149.27
565.37
339.77
na
(106.40)
46.60
87.53
216.40

551.82
268.53
406.75
(323.10)
na
(96.74)
104.28
23.20
154.14

Trailing Trailing
EPS
PE
15.27
8.05
15.5
20.44
21.3
6.28
23.7
3.53
9.5
10.46
26.4
24.73
12.3
3.22
10.6
14.23
17.4
1.30
10.1
0.97
7.1
4.74
7.3
0.39
25.1
0.54
12.7
0.42
6.0
1.29
13.7
na
na
na
na
3.08
1.6

2.58
na
na
0.58

5.63
0.44
na
na
38.01
1.58
5.33

PBV Mkt Cap Mn


1.71
1.8
2.5
2.1
0.9
1.7
1.0
1.4
2.4
1.3
1.7
1.2
0.9
1.5
0.5
0.6
0.5
0.3
1.2

50,749.51
85,428.31
27,281.49
6,030.00
9,642.50
22,875.00
17,519.88
212,880.93
1,623.56
13,510.80
4,586.67
7,556.30
13,488.91
3,420.00
19,232.10
5,394.00
478.80
3,591.45

na
31.0
na
na
37.2

1.06
0.9
1.0
0.6
1.3

2,742.13
1,553.90
530.00
5,850.78

17.32

1.37

13.1
28.4
na
na
7.5
18.1
14.5

1.5
5.5
na
2.1
0.9
1.7
2.5

32,765.37
6,260.37
4,287.43
2,094.40
1,995.00
3,993.63
15,400.00

Weekly Review by Asia Wealth Research

Company

Year
End

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

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

Price Performance
1W(%)
1M(%)
72.00 (3.74)
77.20 (3.50)
18.30 (3.68)
18.20
90.00
2.86
74.00
5.56
34.50 (4.17)
80.90 (2.76)
52.50
0.96
8.50 (5.49)
13.40
1.52
48.90
7.00
70.50
8.80
20.00
5.82
1302.00
37.20 (2.86)
20.20 (3.81)
32.00 (3.90)
70.00
6.23
34.40 (4.17)
52.10 (21.38)
26.40 (5.04)
16.30 (2.98)
7.00 (1.41)
15.60 (4.29)
6.50 (5.80)
6.30 (10.00)
2.00 (13.64)
27.00
5.88

148.50
185.00
88.50
113.10
142.00
244.90
36.80
24.00
39.00

(2.26)
10.00
(1.60)
(5.14)
4.72
13.60
1.83
(7.16)
(6.27)
(0.78)

1Q(%)

1Y(%)

(6.97) (1.64)
7.61
(4.81) (0.39)
18.04
(14.88)
7.02
37.59
(13.33)
1.11
(3.23) (6.15) (36.22)
(17.87)
23.54
29.82
(4.17) (2.27)
16.16
1.76 (4.15)
6.59
(6.91)
5.00 (9.48)
(13.13) (3.37)
48.28
1.52
2.29
10.74
(2.00)
9.15
9.89
(7.24) (12.53) (35.91)
- (1.48)
5.26
0.15
0.15
1.80
(10.74) (6.50)
15.08
(15.83)
0.50 (27.86)
(14.67) (12.09) (35.74)
(5.17)
12.76
2.73
(7.01) (1.15)
7.14
(24.30) (20.40) (27.41)
(3.30)
10.46
22.79
(8.94) (5.78)
12.41
(6.67)
14.75
16.67
(6.02)
4.70
19.08
(17.72)
20.37
10.17
(11.27)
10.53 (18.18)
(13.64) (5.00) (36.67)
(6.90)
58.82
(9.30)
(7.19)
(9.71)
(9.42)
(6.53)
(5.33)
(2.04)
(4.22)
(14.34)
(15.52)

8.95
16.26
11.57 (27.03)
14.91
19.35
10.63
27.34
21.61
7.71
36.54
25.66
5.56
23.13
12.38
30.58
12.21
3.02
(7.07) (11.81)

19
A member of Asia Capital Group

Shares Trailing
Mn
ROE
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

7.99
82.10
98.51
6.50
6.50
5.12
44.52
6.43
25.83

BVPS

13.79%
38.44
15.13%
51.47
5.39%
26.86
na
33.67
na 118.00
na
na
8.97%
44.72
28.41%
40.55
6.82%
56.57
2.83%
10.14
6.88%
11.19
4.67%
52.25
na
na
6.19%
19.97
10.99% 1232.12
10.58%
44.18
na
29.43
6.54%
33.74
9.31%
73.18
19.64%
32.61
3.96% 122.42
15.15%
16.22
15.15%
16.22
2.54%
7.29
14.77%
9.62
na
9.91
0.15%
10.38
na
0.98
5.97%
14.98
10.41%
2.36%
13.62%
14.41%
na
na
na
13.25%
13.25%
na

69.90
179.14
88.68
196.52
211.86
438.49
45.17
45.17
18.70

Net Profit
4Qtrs
4,846.66
1,782.02
374.07
187.74
(123.90)
(368.23)
(23.98)
211.85
67.51
21.70
165.80
1,121.02
112.16
na
58.20
271.38
142.00
(6.20)
110.30
61.33
202.50
97.04
274.10
274.10
22.70
157.50
(118.48)
2.38
(7.35)
51.50
3,297.04
13.19
2,002.40
1,258.76
(34.86)
(113.10)
(100.56)
305.00
305.00
(33.79)

05 July 2013

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
814.92
227.60
110.82
50.60
9.60
(22.15)
(4.79)
26.23
16.50
11.17
50.60
116.49
12.10
na
19.53
107.56
17.60
4.60
16.97
12.15
30.00
17.68
40.75
40.75
(5.30)
35.35
(49.51)
12.14
(41.72)
(7.66)

Profits
Jun'12
283.29
171.51
53.47
45.04
(25.93)
(121.80)
(16.59)
15.11
7.77
7.70
26.87
40.36
14.29
na
1.01
36.72
21.23
(22.02)
(1.24)
(1.26)
26.49
9.34
(4.78)
(4.78)

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

(156.22)
31.09
(77.01)
(53.46)
2.48
3.30
(36.99)
30.34
30.34
(55.97)

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

Trailing Trailing
EPS
PE

PBV Mkt Cap Mn

5.30
7.79
1.45
na
na
na
4.01
11.52
3.86
0.29
0.77
2.44
na
1.24
135.43
4.67
na
2.21
6.81
6.40
4.85
2.46
2.46
0.19
1.42
na
0.02
na
0.89

13.6
9.9
12.6
na
na
na
8.6
7.0
13.6
29.6
17.4
20.1
na
16.2
9.6
8.0
na
14.5
10.3
5.4
10.7
10.7
6.6
37.8
11.0
na
412.1
na
30.2

1.9
1.5
0.7
0.5
0.8
na
0.8
2.0
0.9
0.8
1.2
0.9
na
1.0
1.1
0.8
0.7
0.9
1.0
1.1
0.4
1.6
1.0
1.0
1.6
0.7
0.6
2.0
1.8

24,212.88
3,708.24
2,371.68
3,127.22
973.51
66.60
1,821.60
473.99
295.31
4,908.75
19,512.37
2,249.40
193.88
941.33
2,609.04
1,130.57
1,948.84
1,600.00
630.00
1,087.78
1,042.00
1,993.59
586.98
857.50
1,729.83
1,047.80
980.28
1,200.00
1,554.50

1.65
24.39
12.78
na
na
na
5.99
5.99
na

9.34
89.9
7.6
6.9
na
na
na
6.1
4.0
na

0.97
2.1
1.0
1.0
0.6
0.7
0.6
0.8
0.5
2.1

1,185.85
15,187.89
8,718.57
735.15
923.00
1,254.02
1,638.24
154.28
1,007.52

Weekly Review by Asia Wealth Research

Company

Year
End

LAND AND PROPERTY


C T LAND
CARGO BOAT
CEYLINCO HOUSING
CEYLINCO SEYLAN
COLOMBO LAND
COMMERCIAL DEVELOP.
EAST WEST
EQUITY ONE
EQUITY TWO
HUEJAY
KELSEY DEVELOPMENTS
ON'ALLY HOLDINGS
OVERSEAS REALTY
PROPERTY DEVELOPMENT
SERENDIB LAND
YORK ARCADE
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

28.00
124.50
13.00
10.10
46.00
63.20
14.50
30.40
23.00
67.90
20.50
50.00
18.50
53.20
1225.20
15.00
180.00
3.50

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(3.43)
(10.23)
24.35
30.74
(8.79)
(12.50)
13.36
12.45
12.55
(8.77)
63.97
90.46
(6.47)
(12.16) (5.80)
26.21
(7.27)
(13.56)
17.24
47.83
(4.37)
(13.21)
45.57
48.39
2.60
(15.85)
5.33
4.98
(1.33)
(9.76)
13.85
21.31
(9.52)
(16.91) (4.36)
1.79
(11.88)
(26.75) (4.96)
39.39
(8.12)
(9.59)
31.84
17.07
(7.66)
9.63
60.16
52.99
(6.02)
(3.85) (8.93)
3.09
(1.07)
(5.61)
32.14
37.04
(5.34)
(11.33)
15.65
33.33
(15.52)
(31.89) (22.94) (40.20)
(3.85)
(10.18) (15.25)
10.29
0.56
0.56
8.43
18.42
(26.53)
(34.55) (36.84) (73.33)

20
A member of Asia Capital Group

Shares Trailing
Mn
ROE
9.24%
48.75 10.32%
10.20 11.75%
13.38 15.49%
147.96 1.00%
199.88 1.30%
12.00 20.12%
138.24
na
40.32 8.38%
31.00 7.48%
1.80
na
17.43
na
17.50 5.72%
843.48 13.17%
66.00 12.10%
0.36 4.21%
12.00 0.83%
6.48
0.16
106.91
0.02

BVPS

52.61
79.02
10.62
28.62
18.57
101.90
9.41
41.93
19.21
na
3.26
66.10
26.60
43.81
656.12
13.42
23.92
28.91

Net Profit
4Qtrs
4,289.31
264.76
94.74
22.01
42.53
48.44
246.00
(35.92)
141.66
44.55
(4.29)
(55.08)
66.21
2,954.53
349.77
9.95
1.34
24.78
73.33

05 July 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
685.54
38.52
27.20
31.77
26.80
(5.10)
17.89
18.58
6.91
(0.09)
1.00
(9.95)
17.48
273.58
87.96
2.79
2.65
22.26
125.30

Profits
Jun'12
271.68
39.19
24.39
25.67
23.25
(8.60)
3.94
(6.15)
6.63
0.17
(1.20)
(20.32)
18.23
94.27
66.70
2.21
3.31

Trailing Trailing
EPS
PE
9.84
5.43
5.2
9.29
13.4
1.65
7.9
0.29
35.1
0.24
189.8
20.50
3.1
na
na
3.51
8.7
1.44
16.0
na
na
na
na
3.78
13.2
3.50
5.3
5.30
10.0
27.64
44.3
0.11
134.2
3.83
47.05
0.69
5.10

PBV Mkt Cap Mn


0.91
0.5
1.6
1.2
0.4
2.5
0.6
1.5
0.7
1.2
na
6.3
0.8
0.7
1.2
1.9
1.1
7.5
0.1

1,365.00
1,269.90
173.94
1,494.45
9,194.53
758.40
2,004.48
1,225.78
713.00
122.22
357.30
875.04
15,604.46
3,511.20
441.07
180.00
1165.80
374.17

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

127.00
69.10
90.70
10.90
16.00
2.80
1.20
25.70
70.20
42.60
305.00
14.20
124.00
28.10
82.90
43.90
29.80
8.50
121.90
78.10
61.90
4.30
14.00
23.50
6.40
26.50
68.10
35.70
100.40
103.30
123.00
9000.00
25.50
21.00
2.10
12.40
6.4
15
6.6

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(0.52)
(8.95)
19.64
30.48
(5.93)
(18.01)
43.18
34.11
1.31
(6.47)
5.63
28.52
(2.47)
(16.02)
8.62 (1.84)
(6.84)
(12.80) (9.17) (8.40)
(8.57)
(10.11) (10.61) (38.46)
(3.45)
(22.22) (17.65) (33.33)
(7.69)
(14.29) (25.00) (29.41)
(1.15)
(4.81)
17.35
40.44
3.57
1.12
11.71
9.85
(6.37)
(11.06) (8.19) (9.36)
3.52
(14.11)
37.00
80.77
(0.70)
(13.94) (1.39)
19.33
(0.80)
(6.77)
15.56
36.26
0.36
(6.33)
3.69
32.55
3.63
(0.12)
31.38
18.60
(4.78)
(10.61)
32.73
69.77
(3.59)
(6.94)
3.51
47.50
(7.61)
3.66
6.25
(9.25)
(6.52)
81.50
75.65
(2.25)
0.39
24.17
28.03
(2.52)
(11.70)
14.00
1.48
(4.35)
(15.38) (2.22) (27.87)
(6.67)
(10.26)
9.38 (9.09)
(3.03)
(4.48)
4.92
28.00
(7.67)
(12.25) (3.28) (11.07)
(3.68)
(10.39)
12.01 (24.50)
(3.51)
(20.49)
19.00
79.40
(5.09)
(5.54)
2.34
7.02
8.74
39.59
14.14
0.33
(15.11)
5.40 (25.41)
19.13
19.99
79.99 136.84
(7.41)
12.11 (16.67)
0.96
(2.78)
20.69 (0.47)
(4.55)
(12.50)
- (12.50)
1.64
24.00
53.09
(4.48)
(12.33)
16.36 (17.95)
(13.16)
(26.67) (14.29) (47.62)

21
A member of Asia Capital Group

Shares Trailing
Mn
ROE
16.19%
4.26 25.70%
59.89 9.30%
4.21 6.58%
25.61
na
12.06
na
103.30
na
153.37
na
47.32 28.08%
9.88 10.23%
60.00 5.56%
120.00 52.84%
72.25 5.66%
59.86 20.72%
8.00 6.11%
21.80 9.39%
80.40 25.21%
13.70
na
173.51
na
30.00 10.93%
53.05 20.21%
54.60 11.26%
39.00
na
27.37
na
67.98
na
950.09 19.96%
85.97 12.00%
11.27 11.25%
11.16 94.42%
110.79 19.88%
3.85 11.44%
3.85 2.15%
0.13 0.36%
202.50 12.32%
101.25 12.32%
537.51
na
655.00 17.74%
307.53 10.10%
17.47 10.10%
54.92 6.02%

BVPS

135.45
95.47
144.36
19.61
21.36
1.17
1.17
3.93
95.41
44.74
37.80
10.43
114.34
53.55
99.44
21.82
40.76
na
91.91
59.67
84.57
3.66
22.25
na
3.82
25.64
68.50
13.10
75.83
102.87
234.34
999.68
22.13
22.13
3.08
8.75
6.71
118.08
13.01

Net Profit
4Qtrs
11,898.73
148.22
532.03
40.01
(41.26)
na
(26.31)
(26.31)
52.23
96.46
149.25
2,396.43
42.63
1,417.89
26.17
203.53
442.27
(9.96)
(17.80)
301.38
639.85
520.01
(42.20)
(10.57)
na
724.38
264.52
86.82
138.07
1,670.39
45.30
19.39
0.47
827.85
827.85
(6.77)
1,016.57
208.47
208.47
43.03

05 July 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)

Profits
Jun'12
2,253.83
8.04
118.11
26.77
(13.30)
3.06
(21.41)
(21.41)
27.99
21.22
395.95
533.17
23.67
285.68
7.21
60.82
81.06
13.76
(4.50)
(16.65)
54.00
(15.79)
(4.76)
(17.71)
148.94
70.28
18.03
36.29
260.77
12.76
1.87
(14.07)
(19.99)
(19.99)
0.63
171.94

Trailing Trailing
EPS
PE
9.93
34.80
3.6
8.88
7.8
9.50
9.5
na
na
na
na
na
na
na
na
1.10
23.3
9.76
7.2
2.49
17.1
19.97
15.3
0.59
24.1
23.69
5.2
3.27
8.6
9.34
8.9
5.50
8.0
na
na
na
na
10.05
12.1
12.06
6.5
9.52
6.5
na
na
na
na
na
na
0.76
8.4
3.08
8.6
7.71
8.8
12.37
2.9
15.08
6.7
11.77
8.8
5.04
24.4
3.57 2520.2
2.73
9.4
2.73
7.7
na
na
1.55
8.0
0.68
9.4
11.93
1.3
0.78
8.4

PBV Mkt Cap Mn


1.61
0.9
0.7
0.6
0.6
0.7
2.4
1.0
6.5
0.7
1.0
8.1
1.4
1.1
0.5
0.8
2.0
0.7
na
1.3
1.3
0.7
1.2
0.6
na
1.7
1.0
1.0
2.7
1.3
1.0
0.5
9.0
1.2
0.9
0.7
1.4
1.0
0.1
0.5

540.87
4,138.65
382.07
279.18
192.93
289.24
184.04
1,216.03
693.87
2,556.00
36,600.00
1,025.89
7,422.83
224.80
1,807.22
3,529.56
408.34
1,474.84
3,657.00
4,143.24
3,379.74
167.70
383.21
1,597.46
6,080.55
2,278.12
767.34
398.55
11,123.25
397.50
473.09
1,175.99
5,163.75
2,126.25
1,128.78
8,122.03
1,968.17
262.11
362.45

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%)
0.21
(3.33)
2.67
(3.32)
0.50
(14.31)
(2.45)
(9.30)
(0.06)
(0.33)
6.16
(1.22)
0.59
-

MOTORS
AUTODROME
COLONIAL MOTORS
DIMO
LANKA ASHOK
SATHOSA MOTORS
UNITED MOTORS

AUTON
COLON
DIMON
ASHON
SMOTN
UML N

MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M

860.00
100.00
516.00
1799.00
250.00
120.00

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

685.20
1399.90
1330.00
1010.00
950.00

(1.60)
(1.42)
(0.37)
(8.18)
-

(2.16)
(3.15)
21.20
(0.37)
(15.83)
(4.52)

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

26.70
26.90
11.40
31.30
25.00
31.80
105.10
77.00
48.30
13.70
4.60
4.00
12.70
74.00
23.00
32.10
12.20
17.70
28.00
45.50

(4.69)
(2.20)
(6.92)
(5.00)
(8.21)
(2.71)
(5.64)
(4.45)
(8.33)
(9.35)
0.74
(2.13)
(5.93)
(7.50)
(0.43)
0.63
(2.65)
(1.06)
-

(8.61)
(11.88)
(15.94)
(10.24)
(14.25)
(14.63)
(10.17)
(8.77)
(9.41)
(12.61)
(10.46)
(2.13)
(11.11)
(13.61)
(9.76)
(4.96)
11.46
(4.72)
(5.15)
(5.08)
-

ASHAN
AMSLN
ASIRN
CHL N
CHL X
LHCLN
NHL N

DiriSaviB
MainB
MainB
MainB
MainB
MainB
MainB

M
M
M
M
M
M
M

250.00
10.10
14.00
105.00
80.00
40.20
3.10

(3.69)
(6.37)
(1.94)
(6.04)
6.67
(3.23)

(6.65)
(14.65)
(2.88)
(9.68)
1.94
6.67
(3.15)
-

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

1Q(%) 1Y(%)
12.32
12.16
2.10
21.49
21.80 (48.53)
5.43 (12.57)
4.82 (5.27)
10.13
25.00
24.35
76.47

Shares Trailing
Mn
ROE
13.65%
1.20 5.28%
15.20 0.78%
8.88 6.06%
3.62 14.32%
6.03 26.20%
67.27 27.31%

0.59
(2.81)
26.11
0.76
0.99
8.00

(5.94)
(9.18)
18.04
(6.48)
(8.27)
6.62

(6.77)
14.00
(20.06) (8.87)
(23.14)
17.98
(1.72)
50.00
(17.63) (19.74)
(5.28)
25.50
(11.67)
2.91
(12.27)
14.24
(8.33) (9.41)
(13.85) (15.06)
5.38
52.22
6.98
35.29
(4.76)
5.26
1.60
9.48
(10.84)
25.21
(15.44)
40.24
13.83
68.95
5.22
51.25
7.60
41.54
21.74
52.17
-

9.99
(0.04)
6.32
17.65
5.00
8.11
11.73
3.45

39.68
8.70
40.28
84.21
29.63
33.33
36.05
3.45

22
A member of Asia Capital Group

BVPS

05 July 2013

489.31
250.88
859.71
649.41
126.90
109.57

Net Profit
4Qtrs
3,073.22
31.00
29.80
462.09
336.80
200.63
2,012.90

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

Profits
Jun'12
1,810.28
4.38
130.55
352.36
317.09
37.12
968.78

10.50%
102.00 15.83%
6.87 2.61%
7.00 2.77%
6.94 3.97%
6.94 3.22%

312.21
818.43
786.82
933.71
800.95

5,778.00
5,042.37
146.61
152.69
257.40
178.94

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

685.30
353.77
72.40
73.48
105.66
79.99

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

16.26%
38.44%
2.37%
33.81%
3.74%
13.50%
9.39%
16.20%
25.90%
15.08%
3.18%
12.50%
12.50%
17.10%
20.50%
21.66%
4.23%
17.70%
17.25%
33.03%
19.57%

48.47
111.60
12.44
34.89
59.57
15.18
133.97
73.98
85.64
62.36
8.66
8.66
29.11
84.03
60.67
28.46
16.24
34.59
45.02
56.68

5,913.06
465.71
62.49
352.16
60.41
201.04
113.92
542.47
651.46
516.73
57.49
268.02
268.02
268.54
409.16
312.09
23.33
680.24
434.80
256.75
236.25

1,215.12
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

2,031.12
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

1,365.79
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
92.84

1,103.31
(1.16)
73.87
49.14
52.29
11.54
29.26
122.68
128.20
104.76
26.51
114.84
114.84
34.22
72.29
26.62
37.14
157.32
63.81
-

17.25%
na
50.56%
12.09%
9.74%
9.74%
12.66%
15.98%

86.91
6.51
5.85
72.7
72.7
17.00
2.68

3,785.98
(64.67)
1,738.38
777.25
249.01
249.01
481.66
604.34

847.06
(19.57)
157.58
268.52
74.16
74.16
175.32
191.05

1,822.74
(45.09)
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

577.66

22.33
528.46
1099.09
25.53
8.35
223.73
1409.51

110.65
176.23
80.08
80.08
112.65
98.04

Trailing Trailing
EPS
PE
7.56
25.83
33.3
1.96
51.0
52.06
9.9
93.02
19.3
33.25
7.5
29.92
4.0

PBV Mkt Cap Mn


1.03
1.8
0.4
0.6
2.8
2.0
1.1

1,032.00
1,520.00
4,580.24
6,513.90
1,508.41
8,072.05

49.43
21.34
21.82
37.09
25.78

17.7
13.9
65.6
61.0
27.2
36.8

1.9
2.2
1.7
1.7
1.1
1.2

69,890.40
9,619.14
9,307.87
7,009.48
6,593.08

18.63
2.64
4.20
1.30
8.04
1.43
21.70
19.16
12.92
1.98
1.08
1.08
4.98
17.23
13.14
1.20
2.87
5.97
14.87
11.09

4.0
1.4
10.2
2.7
24.0
3.1
22.3
4.8
4.0
3.7
6.9
4.2
3.7
2.6
4.3
1.8
26.7
4.2
3.0
1.9
4.1

0.66
0.6
0.2
0.9
0.9
0.4
2.1
0.8
1.0
0.6
0.2
0.5
0.5
0.4
0.9
0.4
1.1
0.8
0.5
0.6
0.8

667.50
635.82
954.75
1,449.68
625.00
2,540.50
2,627.50
2,618.00
1,932.00
397.30
1,033.11
92.00
685.21
1,757.50
546.25
622.70
2,887.33
1,289.74
483.41
969.15

na
3.29
0.71
7.35
7.35
2.15
0.43

11.4
na
3.1
19.8
14.3
10.9
18.7
7.2

1.96
2.9
1.6
2.4
1.4
1.1
2.4
1.2

5,583.49
5,337.42
15,387.29
2,680.36
667.64
8,994.03
4,369.47

Weekly Review by Asia Wealth Research

Company

Year
End

Price Performance
1W(%)
1M(%) 1Q(%) 1Y(%)
(1.15)
(6.61)
16.80
33.56
(1.43)
(6.14)
30.08
45.94
3.86
9.73
36.06
(1.18)
(2.34)
14.31
(26.04)
59.49 762.33
(5.31)
(22.17) (42.55)
5.50
(11.54)
20.41
27.78 (23.33)
(2.38)
(10.87) (19.61) (12.77)
4.35
(14.29) (14.29)
-

Shares Trailing
Mn
ROE
7.06%
60.80 22.68%
2.94 4.16%
2.84
na
0.04
na
0.05
na
0.10
na
114.00 19.98%
260.00 16.59%

BVPS

05 July 2013

53.89
49.30
57.43
137.96
649.80
64.98
1.72
2.18

Net Profit
4Qtrs
310.18
742.89
6.03
(123.39)
(1.28)
(446.79)
(0.55)
39.23
94.04

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

Dec'12
(406.82)
48.66
1.02
(13.30)
(1.90)
(446.70)
0.30
5.10

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

Profits
Jun'12
26.82
55.55
4.40
(49.20)
1.27
0.68
0.13
13.99

5.05%
1.27 5.20% 738.70
2.54 8.16% 1284.06
2.28 28.76%
43.90
5.15
na 432.45

329.21
48.87
265.70
28.76
(14.12)

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

(58.55)
(3.33)
(34.00)
1.04
(22.26)

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

82.60
104.90
167.00
1293.50
1292.00
1150.00
4.10
2.40

STORES AND SUPPLIES


COLOMBO PHARMACY
E B CREASY
GESTETNER
HUNTERS

PHARN
EBCRN
GESTN
HUNTN

MainB
MainB
MainB
MainB

M
M
M
M

520.00
1260.00
188.90
350.00

(0.27)
(5.18)
5.24
(0.05)
(6.97)

(9.13)
(14.80)
(5.34)
1.12
(15.01)

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

115.00
68.20
8.10
8.20
14.10
44.00
96.40
2850.00
2.00

(2.49)
(4.00)
(6.45)
6.67
(1.20)
(4.73)
(2.58)
(1.63)
-

(6.33) (1.87)
4.13
(10.77) (4.33)
7.33
(8.46)
8.25
24.00
12.68
50.94
60.00
(14.58) (11.83) (19.61)
(11.32) (10.19)
6.02
(10.37) (10.17) (13.54)
(3.60) (4.55) (2.53)
0.00
14.01 211.78
(4.76)
- (9.09)

2.90%
70.88 1.63%
35.99 9.75%
140.20 0.82%
117.45
na
349.37
na
2.40
na
125.21 18.66%
0.08
na
180.00
na

207.36
46.18
6.26
8.66
23.27
7.63
37.39
546.33
1.94

912.89
240.04
161.98
7.23
(69.41)
(278.42)
(6.90)
873.24
(2.09)
(12.79)

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

294.12
190.84
11.59
6.83
(16.69)
(80.65)
(0.06)
194.17
(2.77)
(9.14)

300.32
(219.96)
85.92
(3.25)
39.55
83.85
0.34
310.05
3.81

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

19.20
25.30
3.60
6.20
25.90
20.80
5.50
2.40
9.70

(0.52)
(0.52)
(2.78)
(1.54)
1.99
(5.17)
5.43

(8.72)
9.54
26.47
(4.95) (7.69)
7.87
(9.32)
27.78
53.33
(5.41)
- (22.22)
1.64
12.73
21.57
(14.14)
0.79
30.10
(10.87)
10.22
61.42
(5.17) (17.91)
7.84
(7.69) (11.11)
(11.82) (11.01) (17.80)

125.20
532.53
477.27
747.11
335.00
52.00
109.09
500.00
100.00

17.25%
9.88%
22.33%
10.55%
15.86%
16.35%
16.35%
na
10.28%
5.89%

22.82
24.46
2.31
2.44
16.76
16.76
6.90
1.61
6.88

4,751.00
282.45
2,908.80
116.33
289.14
1,060.82
1,060.82
(29.98)
82.93
40.51

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

1,842.14
81.00
1,183.00
6.13
112.97
427.45
427.45
(1.80)
2.09
31.30

299.56
39.33
191.86
8.40
56.05

6.99

(38.47) (38.03) (51.45)

-32.64%

(362.64)

(387.13)

2.52

(2.35)

1.79

6.00
62.16
1.20 (33.33)

(11.76) (13.04)
33.33
(60.00) (58.62) (80.00)

122.13 15.36%
343.40
na

0.88
2.92

16.42
(379.06)

7.90
(395.03)

(6.60)
9.12

2.87
(5.22)

1.79

14.22%
8143.78 22.01%
1804.86 8.84%

4.76
31.10

13,496.41
8,536.41
4,960.00

3,180.52
1,594.52
1,586.00

1,805.68
928.68
877.00

6,545.20
4,744.20
1,801.00

1,965.01
1,269.01
696.00

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

8.30
39.90

(2.60)
(3.49)
(1.73)

(8.44)
(10.75)
(6.15)

13.28
14.66
8.33 (7.31)
20.40
21.33
18.28 (11.93)
3.36
22.84

(8.22)
(8.79)
(7.67)

14.93
36.07
0.25

Note:
Counters which are listed on Dirisavi board will reflect 6 months results under
3QCY2012.

23
A member of Asia Capital Group

(7.68)
11.60

Trailing Trailing
EPS
PE
22.96
12.22
6.8
2.05
51.1
na
na
na
na
na
na
na
na
0.34
11.9
0.36
6.6

PBV Mkt Cap Mn


1.62
1.5
2.1
2.9
9.4
2.0
17.7
2.4
1.1

5,022.08
308.12
475.11
45.29
64.60
115.03
467.40
624.00

38.39
104.79
12.62
na

18.49
13.5
12.0
15.0
na

0.93
0.7
1.0
4.3
0.8

661.89
3,194.68
430.34
1,800.75

3.39
4.50
0.05
na
na
na
6.97
na
na

33.30
34.0
15.2
157.0
na
na
na
13.8
na
na

0.97
0.6
1.5
1.3
0.9
0.6
5.8
2.6
5.2
1.0

8,150.63
2,454.42
1,135.59
963.06
4,926.08
105.60
12,070.21
237.56
360.00

2.26
5.46
0.24
0.39
2.74
2.74
na
0.17
0.41

7.32
8.5
4.6
14.8
16.0
9.4
7.6
na
14.5
23.9

1.26
0.8
1.0
1.6
2.5
1.5
1.2
0.8
1.5
1.4

2,403.84
13,473.01
1,718.17
4,632.08
8,676.50
1,081.60
599.98
1,200.00
970.00

3.15703
8637
0.13
44.6
na
na

1.03

6.9
0.4

732.79
412.08

10.34
7.9
14.5

1.47
1.7
1.3

67,593.36
72,013.91

1.05
2.75

Weekly Review by Asia Wealth Research

05 July 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
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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
Balakrishnan Nirmalan

Assistant Manager - Research


(94-11)5320362
nirmalan@asiacapital.lk

Corporates

Amali Perera

(94-11)5320256
amali@asiacapital.lk

Economy

Travis Gomez
Yogini Yogarasa

(94-11)5320254
(94-11)5320361

DhanushaPathirana

(94-11)5320254

Statistician
Nuwan Pradeep

(94-11)5320257

Sales
Institutional Sales
SabriMarikar
NiroshanWijayakoon
Manjula Kumarasinghe
Chelaka Hapugoda
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
Nuwan Eranga
RomeshPriyadarshana
RukshanLiyanage
Nathasha Munasinghe
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
Asanka Chaminda

(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