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*

Major Price Movements Large Trades

IN THIS ISSUE;

Indices bounced back to the negative

territory...The Colombo bourse predominantly remained in the red

during the week Pg 2

The Fortress Resorts PLCThe revenue of RHTL witnessed an elevation of 47% YoY

that achieved a top line of LKR416.3mn for FY2011

Pg 3

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

intrinsic value (derived through the Black Scholes Call option

valuation method) Pg 4

Asia Wealths Billion Rupee Club Pg 5

Commodity PricesWeekly overview of commodity trading Pg 6

ConclusionDuring the current trading week, most speculative

counters dominated market. Pg 8

Market Statistics16-Sep 09-Sep %

All Share Index 6870.92 6990.33

Milanka Price Index 6209.24 6286.93

Banking & Finance 16397.24 16703.21

Food & Beverage 12172.79 12344.85

Diversified 2252.32 2286.78 Hotels & Travels 4479.52 4556.11

Telecommunication 177.11 181.76

Manufacturing 3631.18 3700.55

Market Capitalisation (LKR bn) 2,465.7 2,499.3

(USD bn) 22.4 22.7

Turnover (LKR mn) 10,206.3 19,728.1

(USD mn) 92.7 179.5

Average Daily Turnover (LKR mn) 2,041.3 3,945.6

Volume (mn shares) 849.1 1,589.1

Foreign Purchases (LKR mn) 426.4 1,322.0

Foreign Sales (LKR mn) 1,384.8 5,763.3

ASI Daily Closing

Colombo Stock Market

FOCUS16th September 201

Issue Number 3

Company Volum

Tess Agro 134,501,00Muller & Phipps 116,962,50Blue Diamonds(X) 81,687,90Amana Takaful 54,555,40Seylan Merchant Bank 50,102,50Free Lanka Capital Holdings 43,048,90Seylan Merchant Bank(W) 42,017,10Seylan Merchant Bank 41,149,20Blue Diamonds Plc 40,684,30Panasian Power 39,135,30East West 13,696,20Nawaloka 12,664,10Rai am Saltierns 12 558 70

Company Price +/-LKR +/- % Volume

HVA Foods 57 -14.5 (20.3) 3,866,300

Blue Diamonds (X) 4.4 -1.1 (20.0) 81,687,900

Blue Diamonds 9.7 -2.2 (18.5) 40,684,300

Singalanka 265 -55 (17.2) 4,600

Stafford Hotels 53.1 -8.9 (14.4) 254,200

Env Resources Inv 61.5 -8.6 (12.3) 1,052,800

Gestetner of Ceylon 375.5 62.5 20.0 30,900

Radiant Gems 140 29.8 27.0 983,700

Muller & Phipps 3.6 0.8 28.6

Regnis 218 53 32.1 524,000

Sathosa Motors 412 132 47.1 67,600

Tess Agro 6.3 2.3 57.5 134,501,000

The Electronic Weekl from ASIA WEALTH RESEARCH

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Indices bounced back to the negative territory...

The Colombo bourse predominantly remained in the red during the week as opposed to the upward run witnessed in

the first two weeks of September; although it recovered towards Friday. The All share price index shed 119.41 points

WoW closing at 6870.92 (-1.7% WoW) while the Milanka price index on liquid counters also lost 77.69 points WoW

closing at 6209.24 ( -1.24%) The major counters that contributed to this decline include; Sri Lanka Telecom (-5.39%

WoW), Carsons Cumberbatch (-2.48% WoW), Walk & Greig (-12 .27% WoW), Ceylon Theatres (-5.05% WoW) and

Aitken Spence (-3.14% WoW).

Activities lost steam with the retailers losing enthusiasm as the brokers doggedly adhered to the SECs 25% rule that

brought in force selling.

Meanwhile, low valued counters were witnessed as the most sought after, with few small to mid-sized deals on

selected blue chips, such as John keels, Distilleries Company of Sri Lanka, Colombo dockyard and DFCC, drove the

daily turnovers and volumes. In addition transactions during the week witnessed 10 mn shares of Nawaloka changing

hand at a price of LKR 4.00, However the counter ended the week at a price of LKR 3.50. Further, with respect to the

top traded counters of the week, Tess agro topped the list with 134 mn shares changing hands as it witnessed a

16.3% stake being bought by Sri Lanka Insurance. The rest of the list comprised of penny stocks including, Muller and

Phipps, Blue Diamonds (Non-Voting), Amana Takaful and SMB leasing, of whichMuller & Phipps grabbed attention

subsequent to the signing of a national distribution agreement with the Pakistani counterpart.

The market recorded an average daily turnover of LKR 2.04 bn over the past week with an average volume of 849.15

mn.

Foreign participation witnessed a staggering outflow of LKR 1.38 bn as the worsening situation in the Euro Zonecompels investors to seek to less riskier sources of investments to hedge their bets. Foreign purchases amounted to

just LKR 426.38 mn, resulting in a net foreign outflow of LKR 958.37 mn.

The Week in FOCUS

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The Fortress Resorts PLC RHTL LKR 28.2

Features

Fortress Hotels PLC which started operations in the recent past is positioned to cater to

the higher end market with a range of value added services. Located in the southern capital

city of Galle, hotels main clientele hails from UK which is the second largest tourism market

in Sri Lanka being followed by India. The Fortress which happens to be the Vallibel Groups

primary luxury tourism property has, 53 rooms. The hotel operated with a 65% occupancy

during FY2011, while was completely occupied during the peak season.

Financial Performance

The revenue of RHTL witnessed an elevation of 47% YoY that achieved a top line of

LKR416.3mn for FY2011 that brought in a profit of LKR 84.4mn compared to the loss of

78.9 million in the preceding year. This was shouldered by the revival of the tourism sector

that enabled the hotel in achieving an all time high occupancy rate of circa 65% in

comparison to 52% in the preceding year. This in turn increased the average room rate to

LKR20,217 compared to LKR 16,420in the preceding year. The gross profit margin

improved from 65% ( FY2010) to 73% in FY2011, mainly backed by the increase in ARR

while maintaining the total direct cost incurred. The net profit margin of the counter

improved from a negative of28% to a positive circa of 20% during FY2011. Revenue from

restaurant sales has also shown a staggering growth of 34% compared to the 4% growth in

the last year which created a positive implication towards the net profit. Meanwhile the

interests cover of RHTL improved to 2.1X in comparison to the interest cover of 0.2X the

preceding year due to the debt re-payments. Moreover, EPS also improved from a

negative LKR -0.7 to a positive LKR 0.8.

Future Outlook

Sri Lanka's Hotel and Leisure industry is set for buoyant growth with the increased tourist

influx in to the country following the end of the three decade old armed conflict that made

two thirds of the coastal belt accessible. The period under review was an exceptional one

for Sri Lanka which welcomed 655,000 tourists to the island which is 47% increase

compared to the preceding year where government expects to achieve tourist arrivals of2.5mn by 2016. The supply deficit that is expected to be witnessed by the hotel sector

would also be of benefit to existing leading five star hotels. Thus Fortress has the

advantage of reaching high room occupancy levels going forward. The global economic

revival together with the anticipated growth in the hotel sector will create a favourable

potential for the company.

Valuation

On a futuristic perspective, we forecast RHTL to post net earnings of LKR215.7mn for

FY2012 and an earnings figure of LKR299.4mn for FY2013 considering the anticipated

elevation of the hotel sector of the country and the refurbishments that are planned to go

through during the year.In terms of price earnings valuation the counter is currently tradingat a PER of37.0X which we expect to improve to 14.5X in FY2012 and 10.4X in FY2013. In

addition the counter is trading at a PBV of 5.0X, which we expect to improve to a PBV of3.7X in FY2012 and 2.7X in FY2013 respectively. Further this is as opposed to a sector

trailing PER of38.5X and a sector PBV of3.1X.

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Exercise price

ASSET Price

(2011/09/16)

Expiry

Date

Warrant

Price(2011/09/16)

Price According

to Black scholes

model (Intrinsic

Value)

Undervalued/

(Overvalued)

CLPL-W-0013 118.00 83.30 25-Aug-14 12.8 0.752111 (12.05)

CLPL-W-0014 142.00 83.30 25-Aug-15 12.6 0.051503 (12.55)

GREG-W-0002 33.00 61.60 24-Feb-12 30.5 37.861522 7.36

GREG-W-0003 36.00 61.60 24-Feb-14 28.4 40.102588 11.70

GREG-W-0006 39.00 61.60 24-Feb-15 26.5 40.101560 13.60

REEF-W-0017 30.00 77.50 15-Oct-11 36.7 50.079223 13.38

REEF-W-0018 30.00 77.50 30-Jun-12 29.1 51.750619 22.65

REEF-W-0019 40.00 77.50 15-Jun-15 22.6 50.276515 27.68

SEMB-W-0015 1.00 2.80 12-Dec-11 1.5 1.419401 (0.08)

SEMB-W-0016 0.80 0.80 12-Dec-11 0.4 0.020214 (0.38)

Analysis of Various Warrants Listed on the CSE

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

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

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

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

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

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

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

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

Features

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

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

basis identifying the new qualifying members whilst eliminating the disqualifying.

Colombo Bourses Billion Ru ee Club

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OIL

Oil headed for a fifth weekly gain in London, the longest winning streak since March, on bets that a plan to contain

Europes debt crisis will help shore up fuel demand. Brent advanced after the European Central Bank said it worked

with the U.S., U.K., Japan and Switzerland to extend three-month loans to euro-area banks.

GOLD

Gold prices accelerated losses Thursday as a hot inflation reading for August suggested a halt to further stimulus

efforts from the Federal Reserve and world leaders jumped in to save the Eurozone. Gold for December delivery lost

$89.22 to close at $1,781.40 an ounce at the Comex division of the New York Mercantile Exchange.

COPPER

Shanghai copper is expected to open up on Friday, tracking firmer London prices, as a funding plan to help European

banks eased fears of the euro zone's sovereign debt crisis spreading. Three-month copper on the London Metal

Exchange dropped to $8,744.75 a tonne headed for a weekly drop of 4.06 percent.

WEEKLY (DATE AS AT) 19.08.11 27.08.11 02.09.11 09.09.11 16.09.11 WoW %

Change

Crude Oil (Barrel USD) 107.05 109.55 114.29 114.55 115.34 0.69

METAL

Gold (Ounce USD) 1836.46 1759.99 1829.10 1870.62 1781.40 -4.77

Copper( Ton.USD) 8803 8950.8 9167.25 9117.25 8744.75 -4.06

AGRI

Tea SLR/Kg 342.39

(18August)

- 315.37

(Sept 02)

344.05

(Sept 09)

344.46

(12 August)

9.09

Rubber (RSS 1) LKR 511

(August 18)

511

(August 26)

481.50

(August 30)

484.50

(Sept 06)

511

(9 August)

0.62

Exchange Rates

( LKR)

19.08.11 22.07.11 02.09.11 09.09.11 12.08.11 WoW%

Change

USD 109.95 109.99 109.99 109.99 110.07 0.65

EURO 157.49 158.44 156.98 152.74 151.82 -0.60

STG (GBP) 181.43 179.22 177.94 175.60 173.66 -1.11

YEN 1.44 1.42 1.43 1.42 1.44 1.41

YUAN (CNY) 17.21 17.21 17.24 17.23 17.24 0.06

Commodit rices

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USD

The Rupee-dollar exchange rates gained in favor of the green back as calls by the IMF to relax the countrys soft peg

and allow the Rupee to depreciate finally materialized to a certain extent. Over the week dollar strengthened 0.65

percent against the rupee owing to increased demand for dollars by the importers.

Commodit rices

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Conclusion

Credit clearance drives down market indices

During the current trading week, most speculative counters dominated market. This was prominently highlighted in tdaily top turnover list. It was evident that speculator favorite price band formula has created convenience to increase t

price and succumb profit booking among many overvalued and low valued counters.

In addition heavy forced selling during the week deeply brought down indices and market performance.

Meanwhile, the markets unstable situation has compelled a year to date net foreign out flow of LKR15.7 bn. We expe

this to have an adverse ripple effect on fundamental counters making those further less attractive among the mark

community.

Overall with the continuation of the speculative rally we expect the foreign investor community to keep away from t

Colombo bourse when considering their global equity diversification.

Market Outlook

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

Asian Hotels Hotel 94.50

Chemical Industries Chemicals & Pharmaceuticals V 132.00 NV 88.10

(Colombo)

Commercial Bank Banking V 117.00 NV 80.00

Distilleries Food & Beverage 175.00

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

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

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

well as the growth in the overall economy.

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

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

benefits as a pioneering firm catering predominantly to agricultural sector.

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

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

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

LKR370.3bn and operates with a 400 ATM points, which is also the largest single

network in the country. Towards the future, bank is well positioned with capital, to

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

economy.

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

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

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

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

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

the company to expand their diversification strategies.

FOCUS on investment

Charts Sourced from Direct FN

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Hatton National Bank Banking N-205.00 X-104.00

Chevron Lubricans Manufacturing 161.50

LB Finace Banking 202.00

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

Royal Ceramics Manufacturing 142.50

Sampath Bank Banking 228.60

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

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

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

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

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

to be maintained in 2011E.

LB Finance Banking 165.00

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

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

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

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

regime.

.

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

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

existing products and innovate new customer focus products. With the expansionsin construction of tourism related infrastructure and expansion of existing

industries loan book is expected to grow further.

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

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

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

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

cost rationalising process in the factories and value added product manufacturing

would strengthen company earnings.

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

LKR1,470mn as dividends which is a payout of 98% opposed to 96% dividend payout

in FY09(LLUB paid LKR1440mn dividends in FY09). Going forward we do not expect a

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

to an equity portfolio based on recurring income in terms of mammoth dividends, butnot in terms of value.

FOCUS on investment

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Tokyo Cement Manufacturing N-52.10 X-39.00

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

Colonial Motors Motors 449.80

Expolanka Holdings Diversified 12.50

John Keells Holdigs Diversified 217.00

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

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

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

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

mass power plant which provides them significant cost advantage together with

additional boost to top line.

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

significantly reduced prices. That has been highly successful though it led to reduce

the gross profit margin of the company. Gross profit margin has slightly improvedfrom 24% to 25% on QoQ basis however it has dipped YoY to record a drop from

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

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

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

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

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

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

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

FOCUS on investment

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

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

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

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

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As at 16th September 2011

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

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

SUGA : 01 for 04 rights issue @LKR18.00

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

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

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

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

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

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

Stock Exchange Announcements

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

Company Dividend per share XD Date Payment Date

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

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

Harischandra Mills Final Dividend of LKR15.00 26.09.2011 04.10.2011

Swadeshi Industrial Works Final Dividend of LKR1.00 26.09.2011 04.10.2011

Elpitiya Plantation First & Final Dividend of LKR0.36 27.09.2011 05.10.2011

Lanka Ventures Final Dividend LKR1.50 16.09.2011 26.09.2011

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

Eastern Merchants Final Dividend of LKR3.00 19.09.2011 27.09.2011

Sierra Cables First & Final dividend LKR0.10 16.09.2011 26.09.2011

Raigam Wayamba Salterns Final Dividend LKR0.12 16.09.2011 23.09.2011

York Arcade holdings First & Final Dividend LKR0.30 20.09.2011 28.09.2011

J.L. Morison Son & Jones Second & Final Dividend LKR20 26.09.2011 30.09.2011

Gestetner of Ceylon First & Final Dividend LKR 1.50 26.09.2011 30.09.2011

Cargills (Ceylon) Final Dividend LKR1.00 30.09.2011 10.10.2011

Metropolitan Resources Holdings Interim Dividend of LKR1.25 02.09.2011 13.10.2011

Finlays Colombo Interim Dividend of LKR1.00 05.09.2011 09.10.2011

Renuka City Hotels Interim Dividend of LKR5.50 26.09.2011 29.10.2011

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

Lanka Aluminium Industries Interim Dividend of LKR0.50 27.09.2011 05.10.2011

E B Creasy Interim Dividend of LKR0.50 30.09.2011 10.10.2011

Lankem Ceylon Interim Dividend of LKR1.50 03.10.2011 12.10.2011

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

Brown & Company Interim Dividend of LKR1.32 08.09.2011 19.09.2011

Peoples Finance Interim Dividend of LKR1.25 12.09.2011 21.09.2011

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

Renuka City Hotels First & Final Dividend of LKR5.50 26.09.2011 29.09.2011Industrial Asphalts Final Dividend of LKR1.50 26.09.2011 04.10.2011

Ceylon Printers Final Dividend of LKR10.00 03.10.2011 07.10.2011

Kalamazoo Systems Final Dividend of LKR5.00 03.10.2011 07.10.2011

Office Equipment Final Dividend of LKR30.00 03.10.2011 07.10.2011

Sinhaputhra Finance Final Dividend of LKR0.75 30.09.2011 10.10.2011

Lanka Ceramic Final Dividend of LKR1.50 30.09.2011 10.10.2011

Browns Investments PLC Interim Dividend of LKR 0.10 16.09.2011 27.09.2011

CT Holdings PLC Final Dividend of LKR 1.00 19.09.2011 28.09.2011

Senkadagala Finance Limited Final Dividend of LKR 0.38 22.09.2011 30.09.2011

The Autodrome PLC Interim Dividend of LKR 4.00 21.09.2011 28.09.2011

Renuka Agri Foods PLC Final Dividend of LKR 0.10 21.09.2011 30.09.2011

Renuka Holdings PLC Final(Voting & Nonvoting) of LKR 0.50 28.09.2011 30.09.2011

E.B Creasy & Co.PLC Final Dividend of LKR 6.00 30.09.2011 10.10.2011

Lanka Ceramics PLC Final Dividend of LKR 1.50 30.09.2011 10.10.2011

Sinhaputhra Finance PLC Final Dividend of LKR 0.75 30.09.2011 10.10.2011

Multi Finance PLC First and Final Dividend of LKR 0.10 03.10.2011 12.10.2011

Abans Electricals Final Dividend of LKR 2.00 03.10.2011 12.10.2011

Chilaw Finance Final Dividend of LKR 0.50

Stock Exchange Announcements

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Scrip Dividend Announcements

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

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

Stock Exchange Announcements

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

ANCIAL SERVICES

mercial Bank Dec 765 89.5 117.00 4,120 4,193 5,510 6,414 7,078 5.0 5.1 6.7 7.8 8.7 23.2 22.8 17.4 14.9 - 7.00 6% 16% 8

mercial Bank Dec 52 4.2 80.00 4,120 4,193 5,510 6,414 7,078 10.9 11.1 14.4 16.8 18.6 7.3 7.2 5.6 4.8 - 7.00 9% 16% 8

path Bank Dec 156 35.7 228.60 1,495 2,073 3,485 4,915 5,316 9.6 13.3 22.3 31.4 34.0 23.9 17.2 10.3 7.3 6.7 4.00 1.7% 20% 11

Bank Dec 164 22.5 137.00 2,150 2,085 4,267 4,593 5,281 13.1 12.7 26.0 28.0 32.2 10.5 10.8 5.3 4.9 4.3 8.00 5.8% 15% 9

inance Dec 69 11.4 165.00 206 360 500 1,020 1,613 3.0 5.2 7.2 14.7 23.3 55.5 31.8 22.8 11.2 7.1 3.50 2.1% 47% 3

tral Finance Mar 105 28.3 270.10 1,211 1,127 1,046 1,500 1,781 17.5 16.3 15.1 21.7 25.7 9.4 10.1 10.9 7.6 6.4 6.0 2.2% 11% 44

NGLOMERATES

eys Mar 75 28.6 381.10 453 311 1,731 725 957 6.0 4.1 23.1 9.7 12.8 63.1 91.9 16.5 39.4 29.9 2.0 0.5% 14% 16

n Keells Hold. Mar 840 182.4 217.00 5,119 4,732 5,202 8,246 10,690 6.1 5.6 6.2 9.8 12.7 35.6 38.5 35.1 22.1 17.1 2.3 1.0% 9% 7

olanka 1955 24.4 12.50 (50) 310 518 1,578 1,803 0.0 0.2 0.3 0.8 0.9 na 78.9 47.2 15.5 13.6 na na 12%

OD & BEVERAGE

aha Farms Mar 16 4.0 251.00 86 3 134 529 772 5.4 0.2 8.4 33.1 48.2 46.7 1549.0 29.9 7.6 5.2 3.0 1.2% 11% 7

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

URISM

n Hotels Mar 442.78 41.8 94.5 847.39 531 630 1,774 2,091 1.9 1.2 1.4 4.0 4.7 49.4 78.8 66.4 23.6 20.0 2.0 2.1% 5% 3

NUFACTURING

al Ceramics Mar 110.79 15.8 142.50 611 518 964 1,459 2,378 5.5 4.7 8.7 13.2 21.5 25.8 30.5 16.4 10.8 6.6 4.0 2.8% 18% 4

vron Lubricants Dec 120.00 19.4 161.50 948 1,495 1,501 1,603 1,717 8.6 13.5 13.6 14.5 15.5 18.9 12.0 11.9 11.2 10.4 12.0 7.4% 54% 2

yo (Voting) Mar 202.50 10.6 52.10 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 27.6 45.7 54.3 14.5 12.5 1.65 3.2% 5% 1

yo (NV) Mar 101.25 3.9 39.00 572 347 291 1,093 1,270 1.9 1.1 1.0 3.6 4.2 20.7 34.2 40.6 10.8 9.3 1.65 4.2% 5% 1

ka Walltile Mar 54.60 5.8 106.50 361 279 478 408 701 6.6 5.1 8.8 7.5 12.8 16.1 20.8 12.2 14.3 8.3 2.3 2.2% 15% 5

mal Glass Mar 950.09 8.1 8.50 35 (261) (61) 579 528 0.0 -0.3 -0.1 0.6 0.6 na na na 14.0 15.3 0.3 3.5% -3%

d and Property

rseas Realty Dec 843.48 12.5 14.80 1,783 1,342 724 1,004 1,056 2.1 1.6 0.9 1.2 1.3 7.0 9.3 17.2 12.4 11.8 4% 2

rtor

O Mar 8.88 12.4 1400.00 205 103 278 2,006 2,128 23.1 11.6 31.4 225.9 239.8 60.6 120.6 44.7 6.2 5.8 7.0 0.5% 8% 37

ONIAL MOTORS PLC Mar 9.12 4.5 489.80 (2) 40 229 842 1,232 -0.2 4.4 25.1 92.2 135.1 na 111 20 15.2 4 25.8 5.3% 15% 16

NTATIONS

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

unukula Plantations Mar 23.75 2.2 93.50 230 41 147 461 539 9.7 1.7 6.2 19.4 22.7 9.7 54.6 15.1 4.8 4.1 na na 16% 3

wer And Energy

gfs GasV) Mar 335.00 14.1 42.00 (85) 243 527 1,003 1,183 na 0.6 1.4 2.6 3.1 na 66.9 30.8 16.2 13.7 8% 1

gfs Gas(NV) Mar 52.00 1.4 27.80 (85) 243 527 1,003 1,183 na 0.6 1.4 3.0 3.9 na 44.3 20.4 9.2 7.2 8% 12

EM & PHARMACEUTICALS

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

mical industries(NV) Mar 21.87 1.9 88.10 510 408 601 935 1143 5.4 4.3 6.3 9.9 12.1 16.4 20.5 13.9 8.9 7.3 1.9 2.1% 12% 5

carb Mar 29.71 4.5 153.00 180 225 633 716 781 6.0 7.6 21.3 24.1 26.3 25.3 20.2 7.2 6.3 5.8 5.0 3.3% 10% 7

Earnings PEREPS (LKR)

Company PriceSH(mn)YE

M.CAP.

Bn DPS DY ROE BV

Price as at 16th September 2011

Valuation Guide

8/4/2019 Weekly_35_[1]

16/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 16

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

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

RKET (1.71) (2.55) (2.06) 17.59% 155,844.76 40,423.59 37,510.54 40,860.37 37,700.85 26,922.21 15.82 2.78 2,4

ECOMMUNICATIONS (2.56) (5.04) (9.36) 12.76% 10,517.17 2,526.19 2,453.78 2,817.30 2,719.90 2,143.10 14.93 1.90

LOG TELEKOM DIAL D 8.40 - (5.56) (9.57) 8143.78 17.66% 3.83 5,511.17 1,384.19 1,158.78 1,275.30 1,692.90 1,374.10 0.68 12.4 2.2

LANKA TELECOM SLTL D 49.10 (4.45) (4.63) (9.19) 1804.86 9.77% 28.39 5,006.00 1,142.00 1,295.00 1,542.00 1,027.00 769.00 2.77 17.7 1.7

ANCIAL SERVICES - - - 17.57% 37,875.13 8,386.42 7,512.01 12,154.52 9,224.20 9,263.81 15.69 2.76

king 24,583.72 4,861.60 6,373.94 6,934.46 5,405.23 7,610.75

MMERCIAL BANK [V] COMB D 117.00 (49.44) (48.37) (53.93) 765.09 19.80% 44.70 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 1,206.10 8.85 13.2 2.6

MMERCIAL BANK [NV] COMB X D 80.00 (49.94) (47.75) (54.42) 52.36 19.80% 44.70 7,235.20 1,976.00 2,064.90 1,772.50 1,421.80 1,206.10 8.85 9.0 1.8

C BANK DFCC M 135.00 (2.95) (3.30) (13.07) 265.10 88.28% 10.47 2,449.49 683.04 611.12 630.40 524.93 3,323.90 9.24 14.6 12.9

[V] HNB D 205.00 (4.67) (7.14) (8.92) 311.22 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 1,220.00 13.98 14.7 2.5

[NV] HNB X D 104.00 (7.14) (7.88) (14.75) 77.15 17.35% 80.58 5,430.54 1,292.53 1,221.31 1,868.80 1,047.90 1,220.00 13.98 7.4 1.3

IONS TRUST BANK NTB D 62.90 (2.18) (5.56) (3.53) 230.61 16.98% 33.88 1,326.33 360.40 375.85 235.82 354.26 280.96 5.75 10.9 1.9 NDB D 137.00 (1.37) 0.44 (14.49) 164.20 15.12% 97.37 2,417.52 396.68 605.34 607.28 808.22 433.40 14.72 9.3 1.4

ASIA BANK PABC D 26.50 (1.85) 1.15 (2.21) 295.04 19.34% 10.81 617.07 210.03 196.02 81.84 129.17 83.20 2.09 12.7 2.5

PATH BANK SAMP D 228.60 (4.59) (5.50) (10.46) 156.33 22.72% 119.80 4,254.78 1,134.80 980.05 1,350.60 789.33 746.07 27.22 8.4 1.9

LAN BANK [V] SEYB D 65.00 1.88 0.62 (7.91) 173.33 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 311.80 1.91 34.1 1.3

LAN BANK [NV] SEYBX D 36.20 3.43 12.42 2.84 164.75 3.82% 49.94 645.03 (303.90) 249.04 387.23 312.66 311.80 1.91 19.0 0.7

C HDFC D 1800.00 (0.12) 24.44 20.26 6.47 10.59% 303.13 207.78 120.52 70.31 (0.01) 16.96 5.32 32.11 56.1 5.9

ON BANK UBC D 23.40 -3.75 -4.15 -14.76 349.25 1.42% 71.23 71.23

nce Co.s & / Merchant Banks 27.20% 7,068.15 3,112.99 402.02 1,684.55 2,279.10 1,399.24

A CAPITAL ACAP M 94.00 (4.22) (6.62) 11.23 110.00 63.42% 11.43 797.50 0.64 248.30 275.72 272.85 108.75 7.25 13.0 8.2

ANCE FINANCE ALLI M 1100.00 (8.14) 10.00 10.00 1.62 23.74% 631.91 243.02 81.93 103.56 38.70 18.82 16.00 150.01 7.3 1.7

ICO FINANCE ARPI M 130.00 (0.08) 0.23 19.27 4.46 8.17% 73.52 26.82 3.76 5.61 6.64 10.80 5.40 6.01 21.6 1.8

TRAL FINANCE CFIN M 270.10 (0.11) (80.35) (80.68) 104.88 18.27% 109.22 2,092.34 618.20 532.13 472.10 469.91 276.24 19.95 13.5 2.5

ION LANKA CSF M 18.90 (6.86) (20.50) (28.03) 199.93 28.95% 1.69 97.65 (34.77) (3.16) 165.57 (29.99) (23.25) 0.49 38.7 na

C LOLC M 99.00 - (3.23) (3.79) 475.20 32.74% 31.10 4,839.06 1,725.04 600.02 718.10 1,795.89 726.19 10.18 9.7 3.2

INANCE LFIN M 165.00 (1.54) (4.76) (4.71) 69.26 40.11% 42.84 1,190.09 351.02 391.18 227.71 220.18 181.16 17.18 9.6 3.9

RCHANT BANK MBSL D 37.30 (3.85) (13.19) (17.04) 135.00 17.17% 21.59 500.52 48.23 126.55 164.28 161.46 103.00 3.71 10.1 1.7

PLE'S MERCHANT PMB M 19.70 (4.81) (17.15) (20.80) 37.50 23.39% 16.10 141.23 135.06 (16.38) 25.30 (2.76) (17.12) 3.77 5.2 1.2

LAN MERCHANT [V] SEMB D 2.80 7.69 16.67 12.00 826.49 3.26% na 17.53 (22.15) 18.76 3.22 17.70 22.00 0.01 221.4 na

LAN MERCHANT [NV] SEMB X D 0.80 - - (11.11) 560.00 3.26% na 17.53 (22.15) 18.76 3.22 17.70 22.00 0.01 63.3 0.8

FINANCE TFC M 38.60 1.31 16.62 29.10 57.97 93.17% na (3,225.63) 26.39 (2,074.13) (440.50) (737.39) na na

ITAL REACH CRL M 48.50 -4.33 -11.48 -23.22 37.45 12.90% 14.18 68.54 45.98 22.56 1.83 26.5 3.4

PLES LEASING FINANCE SMLL D 43.60 -8.70 -11.70 -3.59 68.14 12.31% 12.74 106.89 70.39 35.63 0.87 1.57 27.8 3.4

LIBEL FINANCE VFIN 45.20 -2.80 -0.22 -3.01 41.55 26.33% 12.43 135.95 48.15 36.65 27.70 23.45 3.27 13.8 3.6

HAPUTRA SFL 114.00 -5.00 -0.87 27.09 6.30 7.65% 76.05 36.64 36.64 5.82 19.6 1.5

GER FINANCE SFIN M 33.30 -9.02 13.65 7.07 106.67 12.54% 8.82 117.92 51.27 60.88 5.77 1.11 30.1 3.8

ZENS DEVELOPMENT FINANCE CDB M 74.00 -1.33 -2.12 -12.63 46.30 46.23% 23.82 509.94 80.20 219.04 210.7 65.50 11.01 6.7 3.1

KADAGALA FINANCE SFCL M 20.00 0.00 0.00 0.00 53.37 22.72% 20.89 253.30 - 4.75 4.2 1.0

ARNAMAHAL FINANCE SFS M 83.50 0.48 -13.08 125.07 25.00 na 0.00 - - na na na

LAW FINANCE LIMITED CFL M 24.40 -6.51 -2.79 17.87 28.08 8.76% 10.56 25.97 - 0.92 26.4 2.3

MMERCIAL CREDIT LIMITED COCR M 31.40 -1.88 8.30 6.83 218.07 96.40% 1.04 218.76 - 1.00 31.3 30.2

RCANTILE INVESTMENTS MERC M 1562.00 0.00 0.00 0.00 3.01 14.02% 1558.51 656.97 - 218.55 7.1 1.0

TI FINANCE MFL M 54.70 -8.49 46.67 83.33 22.46 2.71% 30.69 18.69 - 0.83 65.7 1.8

KA ORIX FINANCE LOFC M 11.40 0.88 6.54 0.00 2800.00 35.46% 1.26 1,246.09 - 0.45 25.6 9.1

NS FINANCIAL SERVICES AFSL M 74.10 1.35 -2.22 0.00 37.00 12.12% 9.48 42.49 - 1.15 64.5 7.8

LIBEL ONE LIMITED VONE M 28.30 -2.76 -6.00 0.00 1086.56 2.77% 19.90 598.17 - 0.55 51.4 1.4

rance 4,531.19 306.42 517.48 3,076.71 630.58 61.58

ANA TAKAFUL INS. ATL D 2.80 0.00 21.74 33.33 1000.00 -1.06% 0.91 (9.70) 11.20 (20.90) (14.70) na na 3.1

AN ALLIANCE AAIC D 129.00 4.42 -9.20 -10.31 37.50 9.11% 34.02 116.21 (172.50) 288.71 79.30 3.10 41.6 3.8

LINCO INSURANCE [V] CINS D 784.00 4.53 21.55 8.89 20.00 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 19.79 55.35 14.2 2.5

LINCO INSURANCE [NV] CINS X D 335.00 -6.69 7.37 2.89 6.41 17.33% 319.30 1,461.93 344.36 286.31 732.34 98.93 19.80 55.35 6.1 2.0

VA NDB CTCE D 280.00 0.00 -12.23 -0.74 30.00 32.23% 94.05 909.37 34.20 147.62 613.44 114.11 (47.00) 30.31 9.2 3.0

ASSURANCE HASU D 59.10 -1.99 -10.18 -7.08 50.00 17.83% 27.69 246.83 24.62 24.74 180.80 16.67 24.19 4.94 12.0 2.1

ON ASSURANCE UAL D 110.20 -3.08 -4.17 -51.45 75.00 41.08% 33.63 1,036.20 64.55 58.81 511.97 400.87 13.82 8.0 3.3

ASHAKTHI JINS D 15.90 -2.47 -2.47 -7.60 363.00 28.51% 7.44 770.35 770.35 - na 2.12 7.5 2.1

ture Capital Co.s 1,692.07 105.40 218.57 458.81 909.28 192.24

C CDIC D 3 93 .00 -12 .6 7 -7 .5 3 -6 .3 8 43.86 12.40% 115.66 628.92 30.97 106.44 221.14 270.38 104.43 14.34 27.4 3.4

ST CAPITAL CFVF M 1 8.7 0 - 1.5 8 - 10 .5 3 - 16 .1 4 1 01 .2 5 60.25% 5.94 947.55 56.94 79.92 208.80 601.90 51.05 9.36 2.0 1.2

KA VENTURES LVEN M 42 .20 -7 .4 6 -12 .2 7 4.4 6 50.00 14.14% 16.36 115.59 17.50 32.22 28.87 37.01 36.76 2.31 18.3 2.6

Price Performance Net Profits

Broad Market Valuation Guide

8/4/2019 Weekly_35_[1]

17/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 17

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

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Jun'11 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

ERAGE FOOD AND TOBACCO - - - 31.64% 23,048.01 5,099.25 8,335.00 5,506.66 4,107.10 3,483.03 13.57 4.29

AHA FARMS BFL M 251.00 (3.01) (10.22) (33.03) 16.00 34.93% 78.19 436.99 55.18 103.45 163.91 114.45 104.13 27.31 9.2 3.2

GILLS CARG M 217.90 (3.94) 6.58 3.38 224.00 15.61% 32.53 1,137.13 325.97 268.12 290.74 252.30 312.00 5.08 42.9 6.7

LON BREWERY BREW M 436.00 9.14 11.54 (14.51) 20.99 22.57% 127.72 605.06 176.25 165.66 163.91 99.23 123.89 28.83 15.1 3.4

LON COLD STORES CCS M 107.10 (3.96) (73.34) (84.75) 95.04 5.47% 47.21 245.26 124.29 38.07 45.43 37.47 78.57 2.58 41.5 2.3

LON TEA SERVICES CTEA M 800.00 (6.32) (4.86) (5.88) 20.00 23.54% 320.08 1,506.87 250.58 658.60 300.80 296.88 130.00 75.34 10.6 2.5

LON TOBACCO CTC D 400.00 1.14 1.27 7.70 187.32 191.82% 16.63 5,977.00 1,819.00 814.00 2,396.00 948.00 1,116.00 31.91 12.5 24.0

O LANKA [V] COCO M 68.50 (5.26) (9.16) (7.32) 21.60 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 32.49 11.99 5.7 1.4

O LANKA [NV] COCOX M 57.70 3.96 5.87 (0.69) 1.80 24.42% 49.11 280.56 18.28 49.83 55.70 156.75 32.50 11.99 4.8 1.2

VEN IENC E FOOD SOY M 310.00 (1.02) (10.55) (9.59) 2.75 29.63% 82.46 67.20 11.73 17.51 21.02 16.94 7.00 24.44 12.7 3.8

LLERIES DIST M 175.00 0.46 0.81 (2.78) 300.00 26.17% 109.58 8,602.28 1,238.92 5,027.62 1,218.80 1,116.94 866.60 28.67 6.1 1.6

NTEA FERN M 3.50 - - - 6.00 na 0.00 - na na na na na na na na

SCHANDRA MILLS HARI M 1600.00 - (44.83) (46.65) 0.96 12.82% 533.90 65.71 13.13 12.60 13.35 26.64 10.72 68.46 23.4 3.0

LLS FOOD PRODUCTS KFP M 117.00 (4.10) (9.72) 117.00 117.00 15.29% 2.90 51.91 15.82 0.67 19.55 15.88 (5.45) 0.44 2 63 .7 40 .3

MALE HOLDINGS LAMB M 47.20 (3.87) (12.92) (6.90) 31.40 13.51% 18.11 76.86 22.09 25.20 16.80 12.77 15.03 2.45 19.3 2.6

BREWERY LION M 200.10 (2.10) 0.35 (8.77) 80.00 20.79% 66.72 1,109.64 332.40 313.79 286.89 176.56 236.17 13.87 14.4 3.0

KA MILK FOODS LMF M 112.00 2.38 8.54 (1.84) 40.00 4.64% 48.52 90.02 57.41 55.54 (74.50) 51.57 (6.19) 2.25 49.8 2.3

TLE LANKA NEST D 900.00 (2.17) (4.81) 27.82 53.73 114.96% 36.48 2,252.96 644.35 615.49 421.80 571.32 415.00 41.93 21.5 24.7

EE ACRE FARMS TAFL D 108.00 (2.01) (22.75) 1.80 23.55 53.92% 19.55 248.28 3.03 41.26 124.67 79.32 24.57 10.54 10.2 5.5

UKA AGRI RAL 6.80 (2.90) 6.80 6.80 401.25 14.72% 2.38 140.62 49.32 na 91.30 na 0.35 19.4 2.9

SMALLHOLDERS TSML M 83.00 (1.78) 3.75 (55.92) 30.00 14.24% 20.84 89.02 (9.18) 30.65 41.80 25.75 22.50 2.97 28.0 4.0

AM WAYAMBA SALTERNS LTD RWSL M 4.90 2.08 11.36 8.89 282.21 9.68% 2.37 64.65 47.62 na 17.03 na 0.23 21.4 2.1

FOODS HVA M 57.00 (18.13) 273.89 278.71 66.43 10.33% 6.75 46.33 45.89 na na na 0.70 81.7 8.4

MICALS & PHARMACEUTICALS (0.85) (8.70) (12.66) 20.42% 3,629.28 541.55 904.96 1,332.56 850.21 476.74 8.29 1.69

MANEX CHMX M 127.90 (1.16) (6.51) 11.51 15.75 3.10% 80.36 39.19 1.14 0.61 13.50 23.94 4.12 2.49 51.4 1.6

MICAL INDUSTRIES [V] CIC M 132.00 - (5.65) (12.00) 72.90 14.04% 95.23 974.70 203.80 169.60 382.67 218.63 184.00 10.28 12.8 1.8

MICAL INDUSTRIES [NV] CIC X M 88.10 (0.79) (4.34) (13.63) 21.87 14.04% 44.57 974.70 203.80 169.60 382.67 218.63 184.00 10.28 8.6 3.4

CARB HAYC M 153.00 0.86 2.48 6.40 29.71 17.34% 91.69 472.51 124.77 111.22 89.08 147.44 157.35 15.90 9.6 1.7

STRIAL ASPHALTS ASPH M 520.00 1.81 0.57 31.17 0.67 4.03% 102.53 2.76 0.61 1.34 0.26 0.54 0.45 4.13 125.8 5.1

MORISON [V] MORI M 3701.00 (5.09) (7.43) 10.47 0.58 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 20.72 598.85 6.2 1.7

MORISON [NV] MORI X M 2505.00 (6.60) 6.60 8.83 0.17 20.72% 2223.68 347.83 37.45 93.20 28.10 189.08 20.70 1,996.17 1.3 1.1

KEM CEYLON LCEY M 355.00 (1.11) (10.74) (23.51) 24.00 31.65% 124.35 944.44 111.22 202.20 567.12 63.90 69.20 39.35 9.0 2.9

ALANKA SING M 265.00 (17.63) (46.87) (86.81) 1.39 565.74% 53.63 420.25 (0.11) 215.55 205.31 (0.50) (0.77) 303.39 0.9 4.9

LERS MULL M 3.60 28.57 28.57 44.00 283.00 19.99% 0.41 22.96 8.53 5.45 2.83 6.15 9.22 0.08 44.4 8.9

N CHEMICALS UCAR D 720.00 1.41 (5.26) (4.00) 1.50 23.37% 162.10 56.81 16.70 12.58 15.58 11.96 11.75 37.88 19.0 4.4

STRUCTIONS (1.86) 1.17 (0.79) 18.97% 2,223.14 150.71 437.18 859.61 775.64 275.73 11.33 2.15

OMBO DOCKYARD DOCK D 275.00 (0.04) 8.56 8.18 68.44 28.18% 114.67 2,211.53 210.49 466.80 739.25 795.00 283.00 32.31 8.5 2.4

KEM DEVELOPMENTS LDEV M 18.80 (5.50) (17.47) (5.03) 60.00 -161.00% 0.20 (19.57) (1.61) (6.89) (5.74) (5.33) (5.46) na na 92.8

WALKERS KAPI M 45.90 (7.28) (15.69) (23.37) 114.36 0.81% 33.77 31.18 (58.16) (22.73) 126.10 (14.03) (1.81) 0.27 168.3 1.4

ERSIFIED (1.51) (2.32) (3.92) 15.80% 25,494.77 6,436.00 6,864.95 5,569.52 6,624.30 3,889.85 19.059 3.01

EN SPENCE SPEN M 135.60 (1.64) (1.64) (4.18) 406.00 12.23% 53.30 2,647.17 550.74 910.90 579.04 606.49 439.50 6.52 20.8 2.5

SON CUMBERBATCH CARS M 589.00 (2.96) (7.81) (3.60) 196.39 28.34% 128.20 7,136.10 3,506.32 1,747.41 906.83 975.54 1,186.90 36.34 16.2 4.6

LON THEATRES CTHR M 188.00 (4.76) 1.08 0.75 183.10 10.36% 64.73 1,228.11 244.05 234.56 335.53 413.96 91.00 6.71 28.0 2.9

OMBO FORT LAND CFLB M 63.00 (4.47) (8.82) (19.17) 180.00 23.45% 24.09 1,016.81 90.32 367.41 425.89 133.20 184.00 5.65 11.2 2.6

AYS COLOMBO JFIN D 300.00 - 20.00 23.97 35.00 4.80% 147.63 248.23 60.38 12.89 84.51 90.45 50.45 7.09 42.3 2.0

LEYS HAYL M 381.10 (2.26) 3.03 3.53 75.00 5.32% 211.25 842.63 268.58 144.31 89.90 339.83 150.67 11.24 33.9 1.8

AS HOLDINGS HHL M 40.60 (0.97) (5.57) (11.14) 512.04 12.95% 17.81 1,180.61 261.97 311.08 311.40 296.17 291.48 2.31 17.6 2.3

N KEELLS HOLDINGS JKH M 217.00 0.88 1.40 (26.99) 840.42 14.44% 70.90 8,602.71 1,367.61 2,550.67 1,757.11 2,927.32 1,010.49 10.24 21.2 3.1

AMIS CAPITAL CSEC M 17.60 (3.80) (25.32) 53.91 123.00 52.47% 11.22 724.22 11.92 16.33 345.40 350.57 98.57 5.89 3.0 1.6

ARD PIERIS RICH M 10.30 (0.95) (6.31) (16.13) 1937.87 29.48% 2.49 1,421.02 10.84 335.34 640.60 434.25 270.49 0.73 14.0 4.1

SHINE HOLDINGS SUN M 37.80 (0.53) (5.50) (12.30) 133.33 18.73% 17.91 447.17 63.28 234.05 93.32 56.53 116.30 3.35 11.3 2.1

TLOGIC HOLDINGS SHL M 23.00 -2.54 -4.17 0.00 779.00 -

OLAN KA HOLD IN GS EXPO M 12.50 -1.57 -7.41 0.00 1954.92 3.59 1,583.31 273.54 1,309.77 237.08 0.81 15.4 3.5

E LANKA CAPITAL HOLDINGS FLCH M 4.00 2.56 0.00 -11.11 1368.00 4.61 493.29 493.29 0.9

Price Performance Net Profits

Broad Market Valuation Guide

8/4/2019 Weekly_35_[1]

18/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 18

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

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Mar'11 Dec'10 Sept'10 Jun10 EPS PE

OTWEAR AND TEXTILES (2.69) (3.96) (0.56) -23.61% (1,547.62) (148.46) (809.51) (621.19) 119.82 (89.88) na 1.63

LON LEATHER CLPL M 83.30 (7.96) (12.32) 2.84 34.23 6.38% 55.57 121.44 20.41 16.58 36.79 47.66 22.80 3.55 23.5 1.5

LEYS - MGT MGT M 34.00 (2.02) 1.49 (2.58) 49.18 -97.64% 32.01 (1,537.15) (168.87) (799.53) (625.70) 56.95 (24.40) na na 1.1

UWITA TEXTILES KURU M 33.50 14.74 6.86 20.22 25.00 -23.46% 58.16 (341.10) (59.12) (108.30) (48.40) (125.28) na na 0.6

L ODEL M 36.50 (2.65) (3.17) (3.42) 144.95 12.89% 11.20 209.19 32.56 76.02 63.61 37.00 1.44 25.3 3.3

ENT GARMENTS OGL M 31.50 (6.55) (27.31) - 54.92 na 105.14

TELS AND TRAVELS (1.68) (4.10) (2.68) 6.27% 4,743.12 505.82 3,189.87 1,183.20 1,035.71 (4.38) 38.49 3.11

Hotels 1,999.19 475.72 1,386.33 678.11 617.40 251.79

T PROPERTIES AHPL M 94.50 2.20 - (47.75) 442.78 13.72% 30.98 1,882.72 296.67 803.63 456.59 325.84 188.47 4.25 22.2 3.0

ADARI GHLL D 33.80 (1.46) (8.42) (9.16) 182.43 7.44% 8.51 115.53 (18.43) 43.71 35.47 54.78 (39.81) 0.63 53.4 4.0

EL DEVELOPERS HDEV M 130.00 1.31 (8.12) 5.81 45.23 25.46% -105.53 (1,215.22) na na na

EL SERVICES SERV M 22.10 (0.89) (5.93) (3.06) 176.00 2.11% 9.06 33.68 (2.32) 52.70 (13.10) (3.60) (7.78) 0.19 115.5 2.4

UKA CITY HOTEL RENU M 359.00 1.13 (4.27) 0.84 7.00 22.05% 222.94 344.14 177.65 28.76 15.98 121.76 35.30 49.16 7.3 1.6

LANKA TAJ M 48.20 (4.96) (7.17) (10.30) 139.64 7.43% 14.37 149.18 22.15 52.65 46.65 27.73 18.77 1.07 45.1 3.4

NS ASIA TRAN M 80.00 (0.75) (6.03) (59.02) 200.00 14.01% 24.60 689.15 404.90 136.53 90.89 56.84 3.45 23.2 3.3

ort Hotels 2,743.94 30.10 1,803.53 505.09 418.31 (256.17)

SPENCE HOTEL HOLD. AHUN M 74.50 (2.73) (3.97) (2.22) 336.29 12.24% 26.74 1,100.48 85.18 590.15 272.70 152.45 (19.00) 3.27 22.8 2.8

AYA LEISURE CONN M 103.30 (5.09) (8.18) (5.09) 48.03 61.90% 15.11 449.36 50.93 67.60 66.60 264.23 61.69 9.36 11.0 6.8

WNS BEACH HOTELS BBH M 17.60 (4.32) (9.69) (6.84) 129.60 0.85% 20.98 23.01 29.00 (51.97) 25.00 20.98 4.21 0.18 99.1 0.8

LON HOTELS CORP. CHOT M 30.50 (2.56) 0.33 6.64 171.83 1.36% 35.74 83.55 (21.29) 117.56 (8.27) (4.45) (12.00) 0.49 62.7 0.9

FIFI HOTEL HLDG. PALM M 210.00 (22.16) (31.12) (31.12) 7.20 -3.50% 198.47 (49.99) (63.37) 50.48 (4.49) (32.62) (37.00) na na 1.1

ERINA HOTELS BHR M 109.00 (3.72) (2.77) (16.31) 14.18 -3.06% 124.94 (54.21) (47.66) 34.27 (15.50) (25.33) (48.64) na na 0.9

UWALA WALK INN BINN D 183.90 11.25 (0.05) 11.45 0.90 14.72% -170.32 (22.57) (4.45) (6.94) (3.05) (8.13) (6.92) na na na

N HOTELS EDEN M 43.10 (5.04) (8.26) 0.46 52.80 7.23% 25.89 98.81 (21.13) 81.23 20.30 18.41 (18.42) 1.87 23.0 1.7

EL SIGIRIYA HSIG M 71.00 (5.95) (6.32) (1.52) 5.86 9.82% 32.52 18.71 4.08 3.85 5.39 5.39 0.34 3.19 22.2 2.2

AS FALLS HUNA M 79.10 (1.98) (5.83) (4.70) 5.63 22.34% 13.87 17.43 5.08 2.17 2.82 7.36 2.18 3.10 25.5 5.7

DY HOTELS KHC M 216.50 (6.68) (14.76) (13.40) 16.50 0.99% 340.98 55.96 9.42 16.85 9.84 19.85 2.20 3.39 63.8 0.6

N KEELLS HOTELS KHL M 15.90 (2.45) (6.47) (0.63) 1456.15 5.84% 7.97 677.46 7.27 521.28 206.20 (57.28) (167.95) 0.47 34.2 2.0

HT HOUSE HOTEL LHL M 56.00 3.90 (1.75) 0.18 46.00 3.03% 49.57 69.13 (2.62) 48.06 17.10 6.59 (11.27) 1.50 37.3 1.1

AMAR MIRA M 267.10 1.21 (12.08) (25.18) 2.75 na 0.00 (13.10) na (13.10) na na na

AWELI REACH MRH M 33.50 (12.04) (0.88) 1.82 47.07 -39.52% 18.68 (347.42) (13.67) (161.00) (186.61) 13.85 (6.72) na na 1.8

WARA ELIYA NEH M 1500.00 (3.16) (7.69) (18.70) 2.00 8.41% 779.19 131.35 0.78 49.18 24.50 56.90 12.10 65.55 22.9 1.9

ASUS PEG M 65.00 (1.66) (3.99) (3.85) 27.35 6.21% 37.29 63.31 21.67 16.05 13.24 12.35 7.21 2.31 28.1 1.7

FCOMBERS REEF M 77.00 (2.88) 8.39 3.61 47.19 0.42% 30.10 6.00 (17.20) 15.72 5.67 1.81 (5.48) 0.13 605.3 2.6

YAL PALMS RPBH M 69.00 - (2.68) (5.48) 50.00 7.46% 27.40 102.15 1.17 64.97 26.94 9.08 (3.39) 2.04 33.8 2.5

RIYA VILLAGE SIGV M 100.20 (2.72) (9.73) 1.21 9.00 7.15% 54.91 35.34 (3.83) 21.50 6.08 11.59 (6.72) 3.93 25.5 1.8

FFORD/DOLPHIN STAF M 53.10 (11.77) (1.44) 21.56 31.62 5.34% 22.19 37.50 11.54 43.90 (6.71) (11.23) (5.29) 1.19 44.8 2.4

GERINE TANG M 99.00 - 10.12 4.21 20.00 4.42% 93.95 83.00 4.70 69.46 11.55 (2.72) (12.48) 4.15 23.9 1.1

ENDIB HOTELS [V] SHOT M 30.10 (6.83) 8.70 23.97 75.51 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 28.26 0.74 40.7 2.4

ENDIB HOTELS [NV] SHOT X M 21.00 (4.11) 4.48 21.00 36.01 5.83% 12.66 82.41 (5.52) 75.28 15.80 (3.15) 28.30 0.74 28.4 1.7

RAWILA RESORTS MARA M 12.00 (6.25) (14.29) 3.45 122.50 1.33% 7.31 11.86 25.18 (13.31) na 0.10 123.9 1.6

TRESS RESORTS RHTL M 28.00 (7.24) 7.22 16.05 110.89 13.41% 5.67 84.40 108.69 (24.29) na 0.76 36.8 4.9

VESTMENT TRUST (3.81) (8.66) 0.85 26.82% 6,360.23 2,550.84 955.83 364.45 2,489.12 1,028.68 8.27 2.22

AN COTTON MILLS ASCO M 153.70 9.99 14.19 22.50 7.99 2.17% 73.36 12.70 (2.34) 46.60 (18.30) (13.26) 5.00 1.59 96.7 2.1

LON GUARDIAN GUAR M 325.00 1.56 (4.21) 4.74 82.10 33.23% 138.76 3,785.80 1,714.33 492.51 184.62 1,394.34 586.00 46.11 7.0 2.3

LON INVESTMENT CINV M 127.20 (0.70) (9.01) (5.64) 98.51 24.30% 65.33 1,564.18 699.66 97.30 767.22 317.82 15.88 8.0 1.9

OMBO FORT INV. CFI M 329.00 (0.30) 9.67 (6.00) 5.00 7.70% 33.82 13.03 1.54 2.85 4.50 4.14 9.91 2.61 126.3 9.7

OMBO INV. TRUST CIT M 325.00 (7.14) (4.41) (13.56) 5.50 7.15% 22.85 8.99 1.47 1.54 3.60 2.38 8.40 1.63 19 8.8 14 .2

W WALLACE SHAW M 306.00 (9.20) (1.29) 1.09 5.12 0.70% 437.86 15.76 35.28 1.18 (20.70) (17.45) 3.08 99.4 0.7

UKA HOLDINGS [V] RHL M 61.50 (0.97) (2.23) 0.82 43.75 40.31% 44.24 780.04 100.97 323.15 1.30 354.62 119.00 15.60 3.9 1.4

UKA HOLDINGS [NV] RHL M 38.00 (0.78) (6.60) (3.78) 6.25 40.31% 309.66 780.04 100.97 323.15 1.30 354.62 119.00 15.60 2.4 0.1

TAPOTA INVESTMENTS WAPO M 163.00 (3.16) (18.38) (20.26) 25.83 21.76% 31.97 179.73 (0.07) (9.31) 188.73 0.38 na 6.96 23.4 5.1

PUTH LANKA INVESTMENTS BLI M 64.40 -1.56 -16.27 15.72 20.20 -

Price Performance Net Profits

Broad Market Valuation Guide

8/4/2019 Weekly_35_[1]

19/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 19

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

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs June'12 Mar'11 Dec'10 Sept'10 Jun10 EPS PE

D AND PROPERTY (4.96) (3.66) 20.68 5.80% 2,125.81 341.47 796.72 753.24 239.97 181.83 23.30 1.35

AND CTLD M 30.10 (3.83) (9.61) (0.99) 48.75 5.92% 45.35 130.98 32.74 52.27 22.84 23.13 20.79 2.69 11.2 0.7

O BOAT CABO M 124.30 (2.81) (10.58) (9.34) 10.20 23.01% 66.61 156.36 8.58 16.89 115.26 15.63 15.33 8.1 1.9

NCO HOUSING CHOU M 23.80 (2.07) (10.57) 21.54 13.38 -188.39% 5.63 (141.88) (17.40) (26.76) (55.50) (42.22) (38.34) na na 4.2

NCO SEYLAN CSD M 14.50 (7.05) (18.99) 15.08 147.96 0.57% 29.65 24.96 54.95 0.45 13.09 (43.52) (25.33) 0.17 85.9 0.5

MBO LAND CLND D 61.00 (8.93) 22.86 45.41 199.88 0.42% 13.98 11.68 5.93 0.96 2.40 2.40 0.06 10 43 .9 4 .4

MERCIAL DEVELOP. COMD D 119.90 5.82 16.17 (0.08) 12.00 11.38% 60.38 82.46 21.19 13.64 37.69 9.94 11.00 6.87 17.4 2.0

WEST EAST M 41.00 (6.45) (19.44) 253.04 138.24 4.28% 3.19 18.86 17.28 4.37 23.70 (26.49) 0.14 30 0. 6 1 2.9

TY ONE EQIT M 48.50 (6.73) (7.79) (13.39) 40.32 3.67% 36.19 53.58 4.17 30.60 27.93 (9.11) (7.66) 1.33 36.5 1.3

TY TWO ETWO M 29.10 (3.64) (11.82) (8.20) 31.00 6.04% 16.47 30.84 2.45 10.91 15.51 1.96 1.10 0.99 29.3 1.8

AY HUEJ M 166.00 0.61 (3.15) 0.61 1.80 -19.42% 7.51 (2.63) (1.41) (1.21) na na na na 22.1 EY DEVELOPMENTS KDL M 28.00 (8.17) 4.85 60.57 17.43 -10.70% 7.29 (13.59) (3.96) (6.66) (4.70) 1.73 0.92 na na 3.8

LLY HOLDINGS ONAL M 72.00 (8.14) (21.52) (9.07) 17.50 8.63% 58.74 88.71 13.77 56.24 9.04 9.67 10.05 5.07 14.2 1.2

SEAS REALTY OSEA D 14.80 (2.63) (9.20) - 843.48 5.09% 20.37 874.99 162.57 124.72 499.95 87.74 160.00 1.04 14.3 0.7

PERTY DEVELOPMENT PDL D 66.00 (2.08) (10.57) 14.19 66.00 14.76% 28.46 277.28 71.00 74.91 76.18 55.20 54.90 4.20 15.7 2.3

ND IB LAN D SLN D M 2999.00 - - 9.05 0.36 3.05% 567.86 6.24 1.47 1.68 1.49 1.60 17.34 172.9 5.3

K ARCADE YORK M 30.30 (4.15) (8.81) (7.12) 12.00 13.30% 8.70 13.88 7.75 2.28 2.59 1.26 1.16 26.2 3.5

HWOOD TWOD M 23.40 (2.92) - (4.51) 71.27 18.04% 39.92 513.07 426.80 86.26 na na 7.20 3.3 0.6

NUFACTURING (1.87) (4.58) (6.83) 17.14% 8,256.43 2,173.41 1,255.58 2,176.80 2,639.96 1,145.30 15.15 2.60 1

S ABAN M 258.00 (1.88) (4.21) (7.33) 4.26 28.85% 91.80 112.78 31.11 17.37 28.00 36.30 25.54 26.48 9.7 2.8

CABLES ACL M 80.00 2.30 - (7.83) 59.89 5.69% 77.01 262.21 85.90 (8.60) 118.16 66.74 37.21 4.38 18.3 1.0

LASTICS APLA M 147.00 (3.92) 1.38 (8.18) 4.21 14.32% 117.83 71.07 14.15 9.92 14.27 32.73 18.55 16.87 8.7 1.2

ACME M 24.40 (8.40) 9.09 15.38 25.61 1.64% 16.64 6.99 (0.99) 5.74 4.63 (2.39) (8.85) 0.27 89.4 1.5

AB ALUF M 75.00 (4.01) (44.34) (42.89) 4.02 -3.16% -12.03 1.53 0.47 (0.48) 1.19 0.34 0.14 0.38 197.6 na

DIAMONDS [V] BLUE M 9.70 (17.65) 15.29 13.95 103.30 1.79% 1.25 5.76 22.33 (11.77) 1.74 (6.54) (3.52) 0.02 431.9 7.7

DIAMONDS [NV] BLUE X M 4.40 (18.52) 57.14 69.23 153.37 1.79% 1.25 5.77 22.33 (11.77) 1.74 (6.54) (3.52) 0.02 195.9 3.5

ALA GRAPHITE BOGA D 50.00 (2.15) (12.13) (11.82) 47.32 12.51% 3.35 19.85 3.49 2.42 21.45 (7.51) 30.17 0.42 11 9. 2 1 4.9

RAL INDUSTRIES CIND M 90.00 (0.55) (8.63) (5.26) 9.88 9.72% 1.34 79.05 18.51 24.01 23.26 13.27 13.49 8.00 11.3 1.1

N ELEVATORS GRAN D 113.50 (0.09) (18.38) 2.06 60.00 23.68% 37.27 529.65 84.84 94.33 205.49 144.99 96.00 8.83 12.9 3.0

RON LUBRICANTS LLUB D 161.50 (0.98) 2.87 0.94 120.00 55.84% 23.11 1,548.52 422.63 413.10 317.68 395.11 413.49 12.90 12.5 7.0

OTUWA DPL D 36.00 (8.86) (17.81) (16.47) 72.25 -2.53% 10.46 (19.14) (32.52) (16.29) 18.62 11.06 (15.57) na na 3.4

ED PRODUCTS DIPD M 123.00 3.45 3.97 17.14 59.86 19.75% 65.97 779.82 390.37 122.97 171.20 95.28 57.16 13.03 9.4 1.9

EYS EXPORTS HEXP M 38.60 (2.00) (8.41) (9.26) 8.00 -10.35% 41.84 (34.65) (7.51) (26.63) (2.60) 2.08 (22.33) na na 0.9

NI CABLES KCAB M 97.10 2.00 4.97 (1.22) 21.80 10.24% 77.02 171.90 48.78 53.33 47.39 22.40 5.67 7.89 12.3 1.3

NI TYRES TYRE M 48.00 (1.03) 6.90 (1.44) 80.40 17.41% 15.45 216.19 18.91 54.16 74.94 68.18 65.67 2.69 17.9 3.1

A ALUMINIUM LALU M 53.10 (3.09) (9.51) (16.59) 13.70 4.56% 30.74 19.19 (5.43) 2.98 9.07 12.57 (5.82) 1.40 37.9 1.7

A CEMENT LCEM D 23.00 (2.13) (7.63) (2.95) 173.51 -15.00% 0.42 (10.96) (3.73) (2.35) (1.44) (3.44) na na na 54.6

A CERAMIC CERA M 105.10 (4.54) (4.54) (23.12) 30.00 16.18% 75.84 368.08 34.90 103.93 136.05 93.20 (73.79) 12.27 8.6 1.4

A TILES TILE M 103.00 - (6.28) (11.66) 53.05 20.67% 43.03 471.77 69.33 149.73 148.58 104.13 103.56 8.89 11.6 2.4

A WALLTILES LWL M 106.50 (6.08) (10.50) (26.40) 54.60 17.02% 63.74 592.48 53.97 161.11 226.80 150.60 (130.64) 10.85 9.8 1.7

PANA LITE M 12.00 (2.44) (13.67) 26.32 39.00 1.29% 6.69 3.37 (3.38) 5.46 0.57 0.72 2.04 0.09 138.8 1.8

UET PARQ M 24.60 (3.53) (5.02) (5.38) 27.37 -2.99% 20.22 (16.57) (22.32) 3.64 17.32 (15.20) 0.87 na na 1.2

ATTE SUGAR SUGA M 34.40 (3.37) (6.01) 1.18 67.98 -62.15% 9.34 (394.42) 83.66 (723.45) (168.72) 414.09 (197.69) na na 3.7

MAL GLASS GLAS M 8.50 (2.30) (5.56) (14.14) 950.09 22.72% 3.09 666.86 141.29 178.47 190.10 157.00 53.18 0.70 12.1 2.8

T CARE CARE M 40.00 (0.50) (8.72) (82.18) 85.97 20.30% 11.83 206.43 38.13 47.03 60.58 60.70 38.28 2.40 16.7 3.4

IS REG D 218.00 30.30 27.45 18.07 4.83 16.08% 104.47 81.13 18.01 27.44 21.81 13.87 15.71 16.80 13.0 2.1

PIERIS EXPORTS REXP M 30.10 (4.14) (20.58) (8.23) 11.16 55.77% -10.73 (66.79) (11.03) (69.15) (1.18) 14.58 (16.75) na na na

AL CERAMICS RCL M 142.50 (3.13) (5.00) (12.58) 110.79 28.12% 47.12 1,468.11 391.48 439.69 412.89 224.05 382.45 13.25 10.8 3.0

ON INTERNATIONAL SIL M 145.60 (0.07) 31.41 23.39 3.85 -12.40% 88.60 (42.27) 1.27 (13.43) (12.53) (17.58) (6.36) na na 1.6

ER INDUSTRIES SINI D 228.00 1.67 (13.10) (30.50) 3.85 20.11% 222.01 171.76 23.85 27.59 (31.31) 151.63 0.88 44.65 5.1 1.0

O CEMENT [V] TKYO M 52.10 0.38 (7.09) (8.07) 202.50 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 240.55 2.73 19.1 2.7

O CEMENT [NV] TKYO X M 39.00 (2.50) (6.70) (6.25) 101.25 14.22% 19.21 829.26 214.08 128.20 192.69 294.30 240.55 2.73 14.3 1.4

RA CABLES SIRA M 4.70 (4.00) 2.13 (4.00) 537.51 3.62% 2.50 48.61 48.87 55.10 (69.88) 14.52 15.32 0.09 52.0 1.9

UR ED J ER SEY TJL M 14.1 655.00 143.97

Price Performance Net Profits

Broad Market Valuation Guide

8/4/2019 Weekly_35_[1]

20/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 20

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

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Mar'11 Dec'10 Sept'10 Jun10 EPS PE

OTORS 0.96 3.00 (2.52) 39.87% 5,105.13 1,528.35 1,119.78 1,741.60 715.40 415.34 8.80 3.51

TODROME AUTO M 852.40 0.04 (13.46) (14.25) 1.20 9.12% 448.08 49.03 10.27 12.00 15.40 11.37 10.00 40.86 20.9 1.9

LONIAL MOTORS COLO M 489.80 2.20 36.82 49.72 9.12 20.48% 168.39 314.64 143.01 112.89 46.20 12.54 25.38 34.48 14.2 2.9

O DIMO M 1400.00 (1.47) (4.35) (3.42) 8.88 55.66% 522.31 2,580.31 636.40 664.37 973.90 305.64 151.20 290.69 4.8 2.7

KA ASHOK ASHO M 3610.00 0.28 (7.67) (24.79) 3.62 53.99% 390.25 762.90 279.00 (66.90) 321.60 229.20 157.03 210.70 17.1 9.3

THOSA MOTORS SMOT M 412.00 44.71 50.07 40.94 6.03 29.33% 83.90 148.48 49.22 53.38 22.60 23.27 11.03 24.61 16.7 4.9

TED MOTORS UML M 170.00 (2.36) 10.73 16.04 67.27 29.93% 62.08 1,249.77 410.45 344.04 361.90 133.38 60.69 18.58 9.1 2.7

PALMS 0.51 (2.25) 5.67 36.79% 7,278.64 3,110.83 1,055.89 641.52 2,470.41 1,614.30 19.4 7.1

KIT DARAH BUKI M 1070.00 0.08 (2.55) 1.99 102.00 47.40% 138.84 6,712.64 2,943.95 900.51 506.83 2,361.36 1,363.50 65.81 16.3 7.7

OD HOPE GOOD M 1182.10 - 0.17 (1.33) 6.87 8.31% 220.00 125.67 33.40 34.46 31.63 26.18 67.96 18.29 64.6 5.4

O MALAY INDO M 1394.90 - (0.01) 38.10 7.00 7.93% 184.79 102.51 26.20 28.15 25.40 22.76 55.30 14.65 95.2 7.5

INSING SELI M 1125.10 2.28 (9.99) 12.40 6.94 9.36% 313.37 203.46 68.41 54.32 45.22 35.51 70.01 29.32 38.4 3.6

ALIMAR SHAL M 950.00 7.33 7.28 43.90 6.94 8.23% 235.13 134.36 38.87 38.46 32.43 24.60 57.53 19.36 49.1 4.0

ANTATIONS (3.22) (9.76) (21.71) 19.94% 3,981.17 (629.58) 2,381.06 1,566.98 662.72 910.53 8.6 1.72

ALAWATTE AGAL D 55.30 (5.63) (2.98) (22.44) 25.00 29.82% 31.39 234.03 (22.36) 121.4 76.05 58.90 (15.43) 9.36 5.9 1.8

ANGODA BALA D 38.00 (7.99) (14.99) (29.50) 23.64 17.12% 61.72 249.77 84.16 132.3 34.56 (1.25) 84.00 10.57 3.6 0.6

GAWANTALAWA BOPL M 17.00 (2.30) (7.10) (11.92) 83.75 -1.23% 11.39 (11.78) (44.18) 62.9 69.15 (99.64) 28.59 na na 1.5

PUGASTENNE HAPU D 61.50 0.65 (9.56) (20.34) 46.32 6.50% 31.02 93.33 (35.60) 53.7 0.12 75.11 117.73 2.02 30.5 2.0

RANA HOPL M 46.00 (3.75) (12.99) (31.35) 25.00 31.13% 41.91 326.17 (13.30) 154.9 135.31 49.22 (13.72) 13.05 3.5 1.1

HAWATTE KAHA D 31.50 (4.55) (10.00) (10.00) 79.89 20.75% 13.05 216.34 (115.74) 141.4 68.57 122.07 49.50 2.71 11.6 2.4

GALLE KGAL M 149.50 2.01 (5.86) (22.27) 25.00 30.20% 98.51 743.81 31.37 270.1 227.41 214.90 125.31 29.75 5.0 1.5

ANI VALLEY KVAL D 110.00 (8.18) (20.81) (28.10) 34.00 20.95% 55.90 398.23 (49.26) 246.2 165.19 36.07 7.39 11.71 9.4 2.0

TAGALA KOTA M 103.50 (1.90) (14.17) (32.50) 32.00 28.79% 69.34 638.89 26.37 175.5 238.61 198.38 55.77 19.97 5.2 1.5

DULSIMA MADU D 20.10 (8.92) (16.38) (18.83) 29.00 -13.37% 57.63 (223.47) (116.86) 37.5 (50.08) (94.01) 14.59 na na 0.3 LWATTE VALLEY MAL D 6.90 (6.85) - (19.05) 224.59 22.70% 9.12 464.96 92.61 198.6 101.13 72.58 175.99 2.07 3.3 0.8

SKELIYA MASK M 24.20 (2.81) (3.59) (10.37) 26.98 -41.67% 25.61 (287.88) (317.75) 30.9 57.27 (58.34) 12.07 na na 0.9

MUNUKULA NAMU M 93.50 (4.70) (8.98) (22.07) 23.75 25.26% 54.56 327.24 1.26 100.7 116.76 108.56 83.35 13.78 6.8 1.7

AWAKELLE TPL D 33.00 (1.49) (5.71) (15.17) 23.75 8.24% 46.62 91.20 (75.79) 71.8 101.93 (6.76) (2.80) 3.84 8.6 0.7

APUSSELLAWA UDPL D 37.50 (0.53) (7.41) (6.25) 19.40 1.36% 21.22 5.58 (33.79) (9.2) 36.28 12.24 41.99 0.29 130.4 1.8

TAWALA PLANTATIONS WATA M 18.80 (3.08) (6.90) (21.25) 236.67 17.69% 10.88 455.54 (40.73) 296.8 188.73 10.72 146.20 1.92 9.8 1.7

ITIYA ELPL M 25.50 (3.38) (8.54) (15.74) 72.87 18.44% 18.71 251.44 251.4 na na 3.45 7.4 1.4

T.RES.HOL MPRH M 32.00 6.67 13.88 5.96 17.26 1.14% 39.52 7.77 43.8 (36.02) na 0.45 71.1 0.8

ALTH SERVICES (4.44) (12.42) 10.48 5.73% 958.19 308.85 182.66 295.63 171.04 1,160.44 40.2 2.30

RI CENTRAL ASHA M 190.00 (5.00) (9.35) (15.56) 22.33 -9.82% 45.0 (176.52) -60.5 (116.04) na na na 2.4

RI SURGICAL AMSL M 8.50 (4.49) (3.41) 6.25 528.46 13.08% 3.8 291.69 89.7 90.0 51.4 60.65 85.29 0.55 15.4 2.0

RI HOSPITAL ASIR M 9.60 (4.00) 11.63 4.35 889.26 8.52% 2.9 238.85 73.8 64.3 77.3 23.38 24.59 0.27 35.7 3.0

YLON HOSPITALS [V] CHL M 95.00 (1.04) - (5.00) 25.53 4.39% 72.7 89.42 38.5 (3.836) 40.637 50.92 40.30 2.64 36.0 1.6

YLON HOSPITALS [NV] CHL X M 75.00 (4.70) (1.32) (6.25) 8.35 1.89% 72.7 38.50 38.5 (3.836) 40.637 40.30 2.64 28.4 9.2

KA HOSPITALS LHCL M 56.00 (6.91) (31.15) 41.22 223.73 10.54% 9.8 301.63 66.2 65.2 106.0 64.30 67.96 1.35 41.5 4.4

WALOKA NHL M 4.00 - 2.56 2.56 1409.51 5.87% 2.0 174.62 2.2 23.7 60.9 87.83 902.00 0.12 32.3 1.9

Net ProfitsPrice Performance

Broad Market Valuation Guide

8/4/2019 Weekly_35_[1]

21/22

ri Lanka Focus 16th September 2011 ASIA RESEARCH TEAM 21

Broad Market Valuation Guide

pany Year Price Shares Trailing BVPS Net Profit Trail ing Trail ing PBV Mk

End (LKR) 1W(%) 1M(%) 1Q(%) Mn ROE 4Qtrs Mar'11 Dec'10 Sept'10 Jun10 EPS PE

ICES (0.96) 2.19 (12.96) 31.36% 761.90 25.97 502.72 112.09 118.18 71.57 10.54 3.31

KEELLS LIMITED JKL M 88.60 (1.56) (3.80) (59.17) 60.80 45.33% 29.06 800.77 66.67 542.88 83.93 107.29 70.74 13.17 6.7 3.0

HOUSE PRINTING LPRT M 174.00 (5.77) 23.13 7.14 2.94 1.87% 43.20 2.38 2.00 (1.48) 0.56 1.29 (1.09) 0.81 215.1 4.0

. SHIPPINGS MSL M 320.00 7.02 (2.44) (1.57) 2.84 -17.24% 106.16 (52.07) (10.40) (38.68) 4.42 (7.41) (1.42) na na 3.0

ON PRINTERS CPRT M 100.00 - - - 0.04 -242.06% 376.66 (31.92) (32.30) 0.38 na 0.40 na na 0.3

MAZOO KZOO M 3500.00 - 12.90 (56.20) 0.05 5.80% 878.80 2.55 0. 79 na 2.55 51.00 68.6 4.0

GON PARA M 1899.00 - - (24.04) 0.10 na 0.39 0.39 3.90 487.1 na

ON TEA BROKERS CTBL M 7.50 (2.60) 53.06 50.00 114.00 22.55% 1.55 39.80 na 22.79 17.01 na 0.35 21.5 4.8

RES AND SUPPLIES (0.54) 11.36 (12.93) 12.30% 606.01 88.69 130.27 333.07 53.99 90.16 22.10 2.72MBO PHARMACY PHAR M 1680.00 (10.18) (14.96) (32.76) 1.27 2.44% 622.10 19.35 3.29 4.69 3.37 8.00 5.16 15.20 110.5 2.7

REASY EBCR M 2600.00 - 39.28 15.30 2.54 25.89% 733.48 481.57 64.60 123.41 293.56 220..22 82.12 189.93 13.7 3.5

ETNER GEST M 375.50 21.38 40.23 41.38 2.28 43.89% 22.91 22.91 5.85 1.13 5.34 10.59 (3.35) 10.06 37.3 16.4

ERS HUNT M 740.00 0.64 (8.56) (35.12) 5.15 3.69% 432.42 82.19 14.96 1.03 30.80 35.40 6.23 15.97 46.3 1.7

DING 1.28 (2.73) 1.27 33.83% 10,273.76 7,093.52 (231.33) 2,313.10 1,095.31 451.28 6.30 2.13

W NS BRW N M 276.90 0.69 (0.82) (12.07) 70.88 12.88% 215.68 1,968.09 86.69 (459.96) 1,572.96 768.40 182.18 27.77 10.0 1.3

MACKIE CWM D 95.00 (0.63) (8.97) 7.64 35.99 19.39% 38.90 271.45 102.19 121.84 0.42 47.00 43.66 7.54 12.6 2.4

ON FOREIGN TRADES CFT M 9.10 (7.14) (11.65) (6.19) 140.20 1096.14% 4.31 6,628.06 6,599.28 17.61 7.29 3.89 0.45 47.28 0.2 2.1

ERN MERCHANTS EMER M 2684.00 7.89 (8.08) 85.53 1.68 2.71% 555.92 25.30 29.29 (12.87) 8.88 na 16.00 15.08 178.0 4.8

RONMENTAL RESOURCES GREG M 61.50 (12.62) (15.50) 7.50 315.48 6.53% 23.32 480.56 (16.77) (149.83) 486.70 160.45 43.82 1.52 40.4 2.6

ANT GEMS RGEM M 140.00 24.26 35.14 68.33 2.40 -1.09% 13.90 (0.36) 2.30 (2.19) (1.04) 0.57 na na 10.1

ER SRI LANKA SINS D 120.00 (1.64) (6.03) 2.83 125.21 19.62% 35.43 870.50 292.84 249.58 225.55 102.53 162.00 6.95 17.3 3.4

E EQUIPMENT OFEQ M 120.40 - - - 0.08 9.15% 264.29 2.02 (0.58) na 2.60 24.19 5.0 0.5

AGRO TESS M 6.30 60.00 128.57 113.33 180.00 9.35% 1.67 28.15 na 14.07 14.08 na 0.16 40.3 3.8

ER & ENERGY (2.85) (4.47) (0.20) 13.14% 1,929.14 183.04 35.96 900.10 810.04 139.08 12.76 1.68

S POWER HPWR M 33.20 (6.23) (1.49) (9.81) 125.20 15.80% 21.78 430.67 86.85 112.12 107.40 124.31 80.01 3.44 9.7 1.5

A IOC LIOC M 17.90 (3.23) (0.55) 3.45 532.53 10.42% 17.23 956.38 (36.25) (111.30) 602.36 501.57 (116.00) 1.80 10.0 1.0

LANKA VLL M 9.00 (1.10) (1.10) 20.00 432.88 16.53% 2.15 153.93 38.31 (9.42) 69.40 55.63 56.87 0.36 25.3 4.2

BEL POWER VPEL M 9.40 (2.11) (5.10) (6.06) 747.11 21.03% 2.47 388.15 94.12 44.56 120.94 128.53 118.20 0.52 18.1 3.8

FS GAS LGL M 42.00 (1.87) (10.09) 1.21 335.00 9.12% 579.02 251.48 327.54

FS GAS (X) LGL M 27.80 (2.78) (14.37) (8.79) 52.00 9.12% 579.02 251.48 327.54

O POWER HPFL M 13.80 (2.80) 0.72 5.30 109.09 7.38% 62.93 17.60 22.14 23.19

SIAN POWER PAP M 5.00 (5.66) 4.17 (13.79) 500.00 14.50% 108.33 60.13 48.20

RMATION TECHNOLOGY (10.26) (5.19) (6.79) 2.80% 2.20 - - - 2.20 - 416.36 5.30

ANNELLING ECL M 7.50 (10.71) 5.63 8.70 122.13 2.80% 0.64 2.20 2.20 na 0.02 41 6.4 1 1.7

OUSE PCH M 17.60 (10.15) (7.33) (9.69) 228.9333 146.00 57.69 38.31 50.00

Net ProfitsPrice Performance

8/4/2019 Weekly_35_[1]

22/22

Senior AnalystAmali Perera (94-11)5320256

amali@asiacapital.lk

CorporatesMinoli Mallwaarachchi (94-11)5320259

Nirmala Samarawickrama (94-11)5320253

Dilan Wijekoon (94-11)5320253

Thilina Ukwatta (94-11)5320253

Shan Silva (94-11)5320251

EconomyDhanusha Pathirana (94-11)5320254

Travis Gomez (94-11)5320000

StatisticianNuwan Pradeep (94-11)5320257

Sabri Marikar (94-11) 5320224 077 3-576868 sabri@asiacapital.lk

Niroshan Wijayakoon (94-11) 5320208 0777-713645 niroshan@asiacapital.lk

Niyaz Aboobucker (94-11) 5320213 0777-727352 niyaz@asiacapital.lk

Anura Hedigallage (94-11) 5320211 0777 -713663 anura@asiacapital.lk

Chelaka Hapugoda (94-11) 5320240 0777 -256740 chelaka@asiacapital.lk

Chaminda Mahanama (94-11) 5320223 0777 -556582 mahanama@asiacapital.lk

Hiran Bibile (94-11) 5320238 0777 -352032 hiran@asiacapital.lk

Shiyam Subaulla (011)- 5320218 0773-502016 shiyam@asiacapital.lk

Gagani Jayawardhana (011)- 5320236 0714-084953 gagani@asiacapital.lk

Priyantha Hingurage (011)- 5320217 0773-502015 priyantha@asiacapital.lk

Neluka Rodrigo (011)- 5320214 0777-366280 neluka@asiacapital.lk

Subeeth Perera (011)- 5320227 0714-042683 subeeth@asiacapital.lk

CSE Floor CSE,01-04, World Trade Centre, Colombo 1. Thushara Adhikari (011)-5735122 0773-688202 adhikari@asiacapital.lk

M G Suranjana (011)-5763539 0773-954994

Kiribathgoda Level 2-6,Udeshi City Shopping complex, No 94,Makola Rd,Kiribathgoda Danushka Boteju (011)-5634803 0716-270527 boteju@asiacapital.lk

Suranga Harshana (011)-5734773 0783-452500 harshana@asiacapital.lk

Kurunegala Union Assurance Building, No.6,1st Floor, Rajapilla Rd, Kurunagala. Asanka Samarakoon (037)-5628844 0773-690749 asanka@asiacapital.lk

Gayan Nishsanka (037)-5642717 0777-105356 nishshanka@asiacapital.lk

Bandula Lansakkara (037)-5643580 0773-925852

Matara E.H.Cooray Building, Mezzanine Floor, No:24, Anagarika Darmapala Mw, Sumeda Jayawardena (041)-5677525 0773-687027 sumeda@asiacapital.lk

Matara Lalinda Liyanapathirana (041)-5677526 0778-628798 rishan@asiacapital.lk

Galle Peoples Leasing Building, 2nd Floor, No.118,Matara Road, Galle Ruchira Hasantha (091)-5629998 0773-687027 ruchira@asiacapital.lk

Ushan Sachith (091)-5676767 0778-628798 ushan@asiacapital.lk

Negombo Asia Asset Finance, 171/1, Station Road, Negombo. Uthpala Karunatilake (031)-5676881 0773-691685 uthpala@asiacapital.lk

Kandy k3-L1,Level 01,kcc, No 5 ,Dalda Veediya, Kandy. Nilupul Hettiarachchi (081)-5628500 0773-691816 nilupul@asiacapital.lk

Radhika Hettiarachchi (081)-5625577 0777-810694 radhika@asiacapital.lk

Hambantota Hambanthota Chamber of Commerce, Thangalle Road, Hambantota. Gayan Sanjeewa (047)-5679240 0715-536309 sanjeewa@asiacapital.lkAnusha Muthumali (047)-5679241 0772-351716 muthu@asiacapital.lk

Shermin Ranasinghe 0772-378352 shermin@asiacapital.lk

Ampara 2nd

Floor, T.K.S. Building, D.S. Senanayake Street, Ampara. Ravi De Mel (063)-5679071 0772-681995 ravide@asiacapital.lk

Madushanka Rathnayaka (063)-5679070 0779-036577 shanka@asiacapital.lk

Jaffna 11-8, First Floor, Stanley Road, Jaffna Gratian Nirmalan (021)-5671800 0777-567933 nirmal@asiacapital.lk

S.Puviraj (021)-5671801 0775-096969 puviraj@asiacapital.lk

Wennappuwa Asia Asset Finance, No.176, Negombo Road, Katuneriya. Sajith Iroshan (032)- 5673881 0773-740208 sajith@asiacapital.lk

Sandun Athulathmudali (032)- 5673882 0772-533331 sranga@asiacapital.lk

Moratuwa Asia Asset Finance, No.18, New De Zoysa Rd, Moratuwa. Hashan Lalantha (011)-5238662 lalantha@asiacapital.lk

Charith Perera (011)-5238663 charithn@asiacapital.lk

Panadura Asian Alliance Building, 293, Galle Road, Panadura Ranganath Wijetunga (038)-5670400 0715-120723 ranganath@asiacapital.lk

Asanka Chaminda (038)-5670407 0713-559552 chaminda@asiacapital.lk

Research

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