Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

BRS Market Report

Week II : 09th

Nov - 13th

Nov 2015

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ly

65, Braybrooke Place, Colombo 2, Sri Lanka • research@bartleetreligare.com • +94 11 5220200

2

Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

The Week at a Glance

Market remains lull; waiting for next week’s fiscal budget

Activities in the Colombo bourse remained quiet during the week characterized by

low investor interest ahead of the November fiscal budget. The benchmark ASPI

shed 57.67 points (-0.82%) WoW and S&P SL20 followed suit losing 37.62 points (-

0.98% WoW). Index heavy sectors recorded losses for the week weighing down

the benchmark index. Accordingly, Banking and Finance sector lost 1.5%, Bever-

age, Food and Tobacco lost 0.8%, Manufacturing lost 1.3% and Diversified sector

lost 0.6% WoW basis.

Banking sector records losses

We observed interest building up on power sector stocks PAP and HPWR from

local HNI’s and the shares recorded gains during the week. While the blue chip

stock JKH remained more stable during the week, the banking sector as a whole

dipped, reflected by 1.5% WoW drop in the BFI sector index. However, HNB man-

aged to close the week higher, supported by strong September quarter earnings

posted on Friday. HNB voting share closed at LKR 216.00, up LKR 0.80 (+0.4%)

WoW. HNB non-voting share closed flat at LKR 176. COMB, NTB and NDB re-

ported losses for the week, partly due to decline in reported profitability for Q3 FY

15. Index heavy COMB lost LKR 3.00 (-1.9%), NTB lost LKR 2.20 (-2.3%), NDB lost

LKR 1.60 (-0.7%) on a WoW basis. Hotel stock AHUN gained LKR 4.10 (+6.3%) to

close higher at LKR 69.50.

Cumulative turnover at LKR 2.4bn

Market recorded meager volume and turnover levels for the week. The week

reported a cumulative market turnover of LKR 2.4bn (LKR 3.8bn previous week)

and the average daily turnover turned out to be LKR 559mn (previous week – LKR

778mn). A total of 100mn share changed hands during the week.

Foreigners aligned on to the buying side

Foreign investor interest was mostly inclined towards buying side during the

week. The week recorded a net foreign inflow of LKR 230mn.

All Share Price Index

Current

Week

Previous

Week

%

Change

DOW JONES 17,448.07 17,792.00 -1.93%

NASDAQ 5,005.08 5,127.74 -2.39%

FTSE 6,143.88 6,358.33 -3.37%

DAX 10,777.09 10,855.90 -0.73%

NIFTY 7,760.65 7,948.00 -2.36%

HANG SENG 22,396.14 22,867.33 -2.06%

NIKKEI 19,596.91 19,265.60 1.72%

Global Market Indices

CSE Market Statistics

Current Week

Turnover LKR 2,396,398,943

Volume Shares 100,448,550

Foreign Purchases LKR 964,610,341

Foreign Sales LKR 734,871,842

Net In/Outflow LKR 229,738,499

Current

Value

Previous

Week

%

Change

USD 144.08 143.65 0.30%

POUND 219.99 219.31 0.31%

EURO 156.27 157.21 -0.60%

YEN 1.18 1.18 0.00%

SL FX Rates

7,050.21

7,019.23

7,006.35

7,001.81

6,970

6,980

6,990

7,000

7,010

7,020

7,030

7,040

7,050

7,060

9-Nov-15 11-Nov-15 12-Nov-15 13-Nov-15

SL Market Indices

Current

Week

Previous

Week

Change

(Points)

%

Change

Current

Week

Previous

Week

Change

(Points)

%

Change

ASPI 7,001.81 7,059.48 -57.67 -0.82% S&P SL20 3,787.00 3,824.62 -37.62 -0.98%

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Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

The Week at a Glance

WEEKLY CSE ANNOUNCEMENTS

MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY

All Share Index 7,050.21 7,019.23 7,006.35 7,001.81

S&P SL 20 Index 3,821.97 H 3,790.61 3,783.34 3,787.00

Equity Turnover (LKR) 491,834,461 O 545,393,617 579,795,708 779,375,157

Domestic Purchases (LKR) 198,407,987 L 334,712,728 309,864,687 588,803,200

Domestic Sales (LKR) 263,282,900 I 460,345,971 403,717,960 534,180,271

Foreign Purchases (LKR) 293,426,474 D 210,680,889 269,931,021 190,571,957

Foreign Sales (LKR) 228,551,561 A 85,047,646 176,077,749 245,194,886

Vol of Turnover 15,070,768 Y 26,417,616 21,577,590 37,382,576

% Vol of Foreign Turnover 12.1% 5.5% 17.6% 22.6%

Total no. of Trades 3,347 4,928 3,987 4,989

% of Foreign Trades 6.0% 5.1% 5.9% 6.4%

Market Capitalization (LKR) 2,993,040,400,238 2,979,889,343,894 2,974,419,712,165 2,972,493,182,827

Weekly Summary

Foreign Purchases vs Sales Net Position on Foreign Holdings

0

100

200

300

400

9-Nov-15 10-Nov-15 11-Nov-15 12-Nov-15 13-Nov-15

LKR mn

Foreign Purchases Foreign Sales

-80

-60

-40

-20

0

20

40

60

80

100

120

140

9-Nov-15 10-Nov-15 11-Nov-15 12-Nov-15 13-Nov-15

LKR mn

Dividend

Company CODE DPS (LKR) Final/Interim XD PD

Ceylon Tobacco Company PLC CTC 9.00 Third Interim 18.11.2015 27.11.2015

National Development Bank PLC NDB 7.00 Interim 24.11.2015 04.12.2015

H

O

L

I

D

A

Y

H

O

L

I

D

A

Y

4

Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

The Week at a Glance

Healthcare and Telco

sectors emerged as

top sector gainers

during the week

Abbreviations

• BANKS FINANCE & I NSURANCE BFI • CHEM I CALS & PHARM A C&P • DIVERSIFI ED DIV • HEALT HCARE HLT • INVEST M ENT T RUST I NV

• BEVERAGE FOOD & T OBACCO BFT • CONST RUCT ION & ENG C&E • FOOT WEAR & T EXT ILES F&T • HOT ELS AND T RAVEL H&T • IT IT

• LAND AND PROPERT Y L&P • M OT ORS M T R • PLANT AT I ONS PLT • SERVI CES SRV • T ELECO T EL

• M ANUFACT URI NG M FG • OI L PALM S OIL • POWER AND ENERGY P&E • ST ORES AND SUPPLIES S&S • T RADING T RD

Thursday’s block

deals contributed

~22% to the day’s

turnover

Weekly Crossings

Code No of Crossings Total Shares Price (LKR)

Monday DIST 1 100,000 278.00

Tuesday

Wednesday PAP 1 10,000,000 3.80

ASIR 1 872,062 24.00

NEST 1 27,000 2050.00

CTC 1 53,000 983.00

DIAL 3 8,700,000 11.10

COMB 2 412,000 152.00Friday

HOLIDAY

Thursday

Top 5 Sector Gainers & Losers

3.6%

1.0% 0.8% 0.5%0.0%

HLT TEL S&S MTR OIL

-5.6%

-4.1%

-2.3% -2.2% -2.0%

IT P&E PLT C&E TRD

SECTOR BFI BEV C&P C&E DIV F&T HLT H&T INV IT L&P MFG MTR OIL PLT P&E SERV S&S TELCO TRD

PER (x) 11.3 21.1 17.3 21.6 19.3 N/A 31.0 134.3 11.3 N/A 10.0 20.4 10.3 150.2 32.8 10.4 59.9 14.8 17.5 8.3

PBV (x) 1.5 5.0 1.5 1.3 1.7 1.3 2.9 4.6 1.0 1.4 0.9 2.9 1.1 3.3 0.7 1.5 2.0 1.4 1.6 0.8

Sector Multiples

5

Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

BRS Stocks in Focus

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,

bonuses and share consolidations.

2 * Annualized EPS

3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend

4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

MPS MTD YTD Historical Trailing Forecasted Forward DPS Dividend NAV PBV

(LKR) change % Change % EPS (LKR) PER (x) EPS (LKR) PER (x) (LKR) Yield (%) (LKR) (x)

CFIN 243.00 0.41% -2.80% 34.64 7.02 N/A N/A 3.50 1.44% 231.84 1.05

CINS 1,400.00 3.54% 1.54% 96.46 14.51 N/A N/A 20.00 1.43% 666.72 2.10

CINS(X) 778.00 -1.27% 41.45% 96.46 8.07 N/A N/A 20.00 2.57% 666.72 1.17

COMB 153.00 -2.05% -10.53% 13.01 11.76 N/A N/A 6.50 4.25% 76.00 2.01

COMB(X) 130.00 -0.38% 3.92% 13.01 9.99 N/A N/A 6.50 5.00% 76.00 1.71

DFCC 170.90 -3.93% -21.96% 16.46 10.38 N/A N/A 6.00 3.51% 180.72 0.95

HASU 79.40 -0.75% -4.91% 8.35 9.51 N/A N/A 3.75 4.72% 42.99 1.85

HNB 216.00 -0.92% 10.83% 24.50 8.82 N/A N/A 8.50 3.94% 164.72 1.31

HNB(X) 176.00 -1.73% 15.11% 24.50 7.18 N/A N/A 8.50 4.83% 164.72 1.07

NTB 93.00 -2.21% -4.12% 10.31 9.02 N/A N/A 2.10 2.26% 63.78 1.46

NDB 223.30 -0.31% -10.68% 20.72 10.78 N/A N/A 11.00 4.93% 170.70 1.31

SAMP 253.40 -1.40% 7.24% 31.35 8.08 35.33 7.17 11.00 4.34% 207.35 1.22

SEYB 98.50 -2.96% 3.68% 9.21 10.69 N/A N/A 2.50 2.54% 74.88 1.32

SEYB(X) 75.00 -3.10% 30.43% 9.21 8.14 N/A N/A 2.50 3.33% 74.88 1.00

JINS #N/A #N/A #N/A 2.92 #N/A N/A N/A 1.00 #N/A 11.59 #N/A

CTC 986.00 0.75% -6.99% 46.01 21.43 51.20 19.26 39.50 4.01% 46.00 21.43

DIST 275.10 0.04% 31.00% 21.84 12.60 22.20 12.39 3.25 1.18% 209.51 1.31

NEST 2,025.90 -0.23% -3.76% 70.49 28.74 N/A N/A 68.50 3.38% 65.33 31.01

CIC 99.90 -4.68% 17.53% 8.04 12.43 10.32 9.68 3.00 3.00% 77.38 1.29

CIC(X) 78.00 -5.68% 17.47% 8.04 9.70 10.32 7.56 3.00 3.85% 77.38 1.01

DOCK 154.00 -2.53% -20.21% 4.05 38.02 14.67 10.50 3.00 1.95% 154.09 1.00

CARS 372.30 -0.72% -13.50% 15.77 23.61 N/A N/A 1.00 0.27% 227.62 1.64

HAYL 311.90 -4.06% -8.24% 34.42 9.06 N/A N/A 6.00 1.92% 388.05 0.80

HHL 88.50 8.19% 19.11% 3.74 23.66 N/A N/A 1.10 1.24% 30.39 2.91

JKH 184.00 5.38% -26.40% 11.37 16.18 11.61 15.85 3.50 1.90% 126.29 1.46

SPEN 93.00 0.54% -10.14% 6.60 14.09 N/A N/A 1.50 1.61% 50.75 1.83

SUN 55.90 4.29% 3.52% 4.47 12.51 3.56 15.70 0.95 1.70% 39.24 1.42

SUN 55.90 4.29% 3.52% 4.47 12.51 2.91 15.70 0.95 1.70% 16.55 1.42

CFLB 22.90 -4.58% -19.08% (1.42) (16.13) N/A N/A - 0.00% 43.38 0.53

Banks, Finance & Insurance

Beverage, Food & Tobacco

Chemicals & Pharmaceuticals

Construction & Engineering

Diversified

6

Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

BRS Stocks in Focus

1 Please note that the historical EPS represents the EPS reported for the last financial year, adjusted for non-recurring items, share splits,

bonuses and share consolidations.

2 * Annualized EPS

3 ** Companies who have paid both cash and scrip dividends during the last FY. However, DPS here only represents cash dividend

4 DPS figures represent per share dividend paid during the last FY and are adjusted for splits, bonus issues and share repurchases

MPS MTD YTD Historical Trailing Forecasted Forward DPS Dividend NAV PBV

(LKR) change % Change % EPS (LKR) PER (x) EPS (LKR) PER (x) (LKR) Yield (%) (LKR) (x)

CHL 104.00 -0.48% -11.41% 5.91 17.60 7.85* 13.25 2.70 2.60% 77.37 1.34

CHL(X) 79.00 -1.25% -1.25% 5.91 13.37 7.85* 10.06 2.70 3.42% 77.37 1.02

AHPL 59.50 -6.30% -12.24% 3.88 15.34 2.93 20.31 4.00 6.72% 51.99 1.14

AHUN 69.50 2.81% -11.46% 5.69 12.21 5.79 12.00 1.50 2.16% 51.24 1.36

CONN 71.10 -7.06% -16.35% 4.27 16.65 6.83 10.41 5.10 7.17% 62.38 1.14

EDEN 18.50 -1.07% -28.02% (5.15) N/M N/A N/A - 0.00% 43.94 0.42

KHL 14.90 -0.67% -12.35% 1.28 N/M 1.15 12.96 0.30 2.01% 14.05 1.06

PALM 38.50 -3.75% -51.88% (17.96) N/M - - - 0.00% 76.98 0.50

SHOT 32.20 -0.92% -1.83% 1.64 19.63 N/A N/A - 0.00% 18.74 1.72

STAF 57.00 8.57% 3.26% 5.35 10.65 4.62 12.34 1.50 2.63% 41.70 1.37

ACL 119.80 0.67% 56.81% 14.35 8.35 10.00 11.98 1.00 0.83% 123.39 0.97

KCAB 116.00 -0.85% 29.75% 14.78 7.85 16.00* 7.25 1.50 1.29% 126.56 0.92

LLUB 368.60 -0.78% -7.76% 22.85 16.13 25.68 14.35 20.00 5.43% 52.12 7.07

LWL 112.50 0.45% 15.62% 19.12 5.88 13.38 8.41 4.00 3.56% 122.24 0.92

TJL 34.70 6.12% 68.45% 2.03 17.09 2.09 16.60 1.30 3.75% 13.03 2.66

RCL 110.50 -1.34% -5.47% 18.97 5.82 18.08 6.11 5.00 4.52% 67.21 1.64

TKYO 48.00 1.69% -26.04% 5.40 8.89 6.00 8.00 - 0.00% 30.81 1.56

TKYO(X) 39.40 1.55% -15.99% 5.40 7.30 6.00 6.57 - 0.00% 30.81 1.28

DIAL 11.10 -0.89% -16.54% 0.76 14.61 0.96* 11.56 0.13 1.17% 5.74 1.93

SLTL 49.40 2.49% -1.00% 3.32 14.88 3.72* 13.28 0.89 1.80% 26.29 1.88

AGAL 20.40 0.00% -24.72% (7.59) N/M N/A N/A - 0.00% 39.82 0.51

KGAL 70.60 -4.59% -24.89% 9.10 7.76 8.78* 8.04 1.50 2.12% 136.50 0.52

KOTA 21.70 -3.98% -31.33% (11.88) (1.83) (15.60)* N/M - 0.00% 58.57 0.37

KVAL 68.00 0.00% -8.11% 1.77 38.42 N/A N/A 1.00 1.47% 79.27 0.86

MAL 3.40 -2.86% -24.44% 0.39 8.72 N/A N/A - 0.00% 72.81 0.27

WATA 24.10 -4.74% 28.19% 1.65 14.61 2.31* 10.43 0.50 2.07% 18.10 1.33

TPL 33.00 0.30% 0.00% 10.08 3.27 N/A N/A - 0.00% 70.82 0.47

LIOC 38.30 -8.81% -36.17% 9.04 4.24 7.37* 5.20 1.50 3.92% 36.03 1.06

HPWR 25.20 5.00% 39.23% 1.76 14.32 N/A N/A - 0.00% 19.07 1.32

Healthcare

Hotels & Travels

Manufacturing

Telecommunications

Plantations

Power & Energy

7

Week II : 09th

Nov - 13th

Nov 2015 BRS Weekly Market Report

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