Weekly

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

BRS Market Report

Week IV : 25th April - 29th April 2016

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

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

The Week at a Glance

SL Market Indices
Current
Week

ASPI

6,516.26

Previous
Week

Change
(Points)

%
Change

93.61

1.46%

6,422.65

Current
Week

S&P SL20

Market gained 1.46% WoW with positive news

Colombo bourse exhibited continuous signs of recovery for the fourth consecutive week this month as we saw investor interest gradually building up on risky
assets. Investor sentiments were further strengthened during the week as (1)
the Central Bank decided to keep the key interest rates steady on Tuesday (2)
Sri Lankan government successfully reached a three year deal to borrow USD
1.5bn from the IMF which we believe will be a key catalyst to rebuild both local
and foreign investor confidence. The benchmark ASPI gained 93.61 points
WoW while S&P SL20 too climbed up 39.71 points WoW.
Interest continued on ASIR and TESS.N
Interest continued on healthcare sector counter ASIR with the stock reaching its
52 week high during the week. A notable foreign buying was witnessed on the
counter and we believe this is due to the impressive performance of the hospital during FY 2016E and the resilient nature of Sri Lankan healthcare industry.
ASIR closed LKR 1.70 higher WoW at LKR 28.20. Low valued counter TESS.N was
also seen trading actively during the week following a news on a likely lifting of
fish ban to EU. A total of 6.5mn shares traded during the week with the stock
closing LKR 0.10 lower. Turnover wise JKH contributed the highest to this
weeks turnover with a contribution of ~10% followed by DIST and COMB at
~8% and ~4% respectively.
Average daily turnover at LKR 731mn
Turnover for the week amounted to LKR 3.66bn posting an average daily turnover of LKR 732mn, up from last weeks average of LKR 640mn. Negotiated
deals amounted to LKR 868mn contributing ~24% to the weeks turnover. Foreign investors became net buyers, reversing last weeks trend to record a net
foreign inflow of LKR 150mn during the week.

Previous
Week

3,435.55

3,395.84

Change
(Points)

%
Change

39.71

1.17%

Global Market Indices

Current
Week
DOW JONES

Previous
%
Week Change

17,830.76

17,982.52

-0.84%

NASDAQ

4,805.29

4,945.89

-2.84%

FTSE

6,278.93

6,348.66

-1.10%

DAX

10,213.10

10,389.93

-1.70%

NIFTY

7,799.10

7,899.30

-1.27%

HANG SENG

21,067.05

21,450.77

-1.79%

NIKKEI

16,666.05

17,572.49

-5.16%

CSE Market Statistics

Current Week
Turnover LKR

3,658,409,320

Volume Shares

109,888,750

Foreign Purchases LKR

1,503,646,712

Foreign Sales LKR

1,353,628,113

Net Inflow/Outflow LKR

150,018,599

Key policy rates unchanged

Central Bank on Tuesday announced the current monetary policy stance is appropriate and decided to maintain the Standing Deposit Facility Rate (SDFR) and
the Standing Lending Facility Rate (SLFR) unchanged at 6.50%and 8.00% respectively.

All Share Price Index

6,700
6,600

SL FX Rates

6,500
6,400

6,434.24
6,379.53

6,442.53
6,405.29

6,300
6,200
25-Apr-16

26-Apr-16

27-Apr-16

Current
Value

6,516.26

28-Apr-16

29-Apr-16

Previous
Week

%
Change

USD

147.42

147.00

0.29%

POUND

217.17

212.29

2.30%

EURO

169.09

167.51

0.94%

YEN

1.38

1.36

1.47%

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

The Week at a Glance

Weekly Summary
MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

All Share Index

6,379.53

6,405.29

6,434.24

6,442.53

6,516.26

S&P SL 20 Index

3,369.52

3,397.66

3,404.98

3,397.83

3,435.55

Equity Turnover (LKR)

437,097,280

540,676,379

591,054,839

560,084,405

1,529,496,417

Domestic Purchases (LKR)

211,335,308

336,437,491

384,009,580

304,947,626

918,032,602

Domestic Sales (LKR)

313,486,072

433,219,013

342,134,361

320,412,005

895,529,756

Foreign Purchases (LKR)

225,761,972

204,238,887

207,045,259

255,136,779

611,463,815

Foreign Sales (LKR)

123,611,208

107,457,365

248,920,478

239,672,400

633,966,662

Vol of Turnover

18,508,880

19,673,424

15,470,596

16,046,112

40,189,738

% Vol of Foreign Turnover

11.9%

17.8%

13.8%

15.3%

17.5%

Total no. of Trades

4,818

5,419

5,994

5,201

9,427

% of Foreign Trades

5.2%

4.2%

6.2%

5.5%

4.8%

2,718,281,560,757

2,729,257,252,995

2,741,591,343,439

2,745,126,668,757

2,776,540,757,392

Market Capitalization (LKR)

Foreign Purchases vs Sales

Net Position on Foreign Holdings

LKR mn

LKR mn

120

700

100
600

80

500

60

400

40
20

300

200

-20

100

-40
-60

25-Apr-16
25-Apr-16

26-Apr-16

27-Apr-16

Foreign Purchases

28-Apr-16

26-Apr-16

27-Apr-16

28-Apr-16

29-Apr-16

29-Apr-16

Foreign Sales

WEEKLY CSE ANNOUNCEMENTS

Dividend
Company

CODE

DPS (LKR)

Final/Interim

Housing Development Finance Corporation Bank of Sri Lanka

HDFC

0.75

Final dividend

Harischandra Mills Plc

HARI

40.00

Interim dividend

09.05.2016

16.05.2016

BLI

1.90

Interim dividend

09.05.2016

16.05.2016

UCAR

9.00

Final dividend

31.05.2016

08.06.2016

Bimputh Finance Plc

Union Chemicals Lanka Plc

Sub division of shares

Company
Chevron Lubricants Lanka Plc

XD

PD

Dates to be notified

CODE

Propotion

XD

LLUB

1 for 2

Subject to approval

CODE

Propotion

XD

ATL

1 for 5

Subject to approval

Rights Issue

Company
Amana Takaful Plc

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

The Week at a Glance

Top 5 Sector Gainers & Losers
7.0%

3.6%

HLT

2.9%

MFG

2.7%

INV

Healthcare sector
emerged as the top
sector gainer for the
week, appreciating
7% WoW.

2.1%

P&E

BFT

OIL

MTR

C&P

-0.3%

-0.4%

-0.6%

L&P

IT

-1.5%

-9.3%

Sector Multiples
SECTOR

BFI

BEV

C&E

DIV

F&T

HLT

PER (x)

10.1 19.2 16.8 19.5

16.9

N/A

34.0 130.7 9.9

N/A 10.1 19.0

9.6 119.0 31.5 10.1 56.1

15.2 15.5

7.6

PBV (x)

1.3

1.5

1.3

3.1

1.3

1.0

1.4

1.0

4.9

C&P

1.5

1.2

H&T

4.5

INV

0.9

IT

L&P MFG MTR

1.0

2.8

OIL

2.6

PLT

0.7

P&E SERV S&S TELCO TRD

1.5

1.9

1.4

Weekly Crossings
Code

Total Shares

No of Crossings

Price (LKR)

NONE

Monday
Tuesday

ASIR

3,379,574

28.00

SAMP

200,000

229.00

HNB (X)

200,000

175.00

Wednesday

HNB (X)

300,000

175.00

Thursday

HNB (X)

750,000

175.00

COMB

334,837

130.80

DIST

1,149,525

214.00

HHL

334,061

91.50

TJL

2,000,000

33.50

HAYL

100,000

267.00

NDB

178,000

188.00

JKH

400,000

154.70

Friday

Crossings on
ASIR, SAMP and
HNB (X) accounted for 32%
of Tuesdays
turnover

Abbreviations
B A NK S FINA NCE & I NSURANCE

B FI

CHE M I CA LS & P HA RM A

C&P

DIV E RSIFI E D

DIV

HE A LT HCA RE

HLT

INV E ST M E NT T RUST

B E V E RA GE FOOD & T OB A CCO

B FT

CONST RUCT ION & E NG

C&E

FOOT WE A R & T E X T ILE S

F&T

HOT E LS A ND T RA V E L

H&T

IT

IT

LA ND A ND P ROP E RT Y

L&P

M OT ORS

MTR

P LA NT A T I ONS

P LT

SERV I CE S

SRV

T E LE CO

T EL

M A NUFA CT URI NG

M FG

OI L P A LM S

OIL

P OWE R A ND E NE RGY

P &E

ST ORE S A ND SUP P LIE S

S&S

T RA DING

T RD

I NV

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

BRS Stocks in Focus

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)

Banks, Finance & Insurance

CFIN

227.00

8.10%

-10.28%

34.64

6.55

37.09

6.12

3.50

1.54%

255.07

0.89

CINS

1,495.00

-0.20%

0.63%

96.46

15.50

N/A

N/A

20.00

1.34%

630.62

2.37

CINS(X)

775.10

-0.88%

-3.11%

96.46

8.04

N/A

N/A

20.00

2.58%

630.62

1.23

COMB

130.70

4.14%

-6.78%

13.01

10.05

N/A

N/A

6.50

4.97%

80.93

1.61

COMB(X)

114.10

2.61%

-7.24%

13.01

8.77

N/A

N/A

6.50

5.70%

80.93

1.41

DFCC

145.00

5.84%

-13.74%

16.46

8.81

N/A

N/A

2.50

1.72%

164.90

0.88

HASU

61.00

12.96%

-18.23%

3.95

15.44

N/A

N/A

2.00

3.28%

45.68

1.34

HNB

207.00

3.86%

-1.71%

26.09

7.93

N/A

N/A

8.50

4.11%

186.20

1.11

HNB(X)

175.00

2.34%

-1.63%

26.09

6.71

N/A

N/A

8.50

4.86%

186.20

0.94

NTB

81.00

9.16%

-6.14%

11.34

7.14

N/A

N/A

2.10

2.59%

65.79

1.23

NDB

193.00

14.34%

-0.57%

21.51

8.97

N/A

N/A

11.00

5.70%

172.35

1.12

SAMP

232.90

3.05%

-6.09%

38.44

6.06

35.33

6.59

13.00

5.58%

226.96

1.03

SEYB

95.00

10.47%

0.00%

11.18

8.50

N/A

N/A

2.75

2.89%

76.21

1.25

SEYB(X)

70.20

11.43%

-3.84%

11.18

6.28

N/A

N/A

2.75

3.92%

76.21

0.92

JINS

17.50

9.38%

0.00%

2.92

5.99

N/A

N/A

1.00

5.71%

11.59

1.51

1,078.40

6.57%

8.65%

56.77

19.00

N/A

N/A

45.15

4.19%

15.41

69.98

DIST

216.10

4.80%

-12.15%

24.58

8.79

22.20

9.73

3.25

1.50%

204.46

1.06

NEST

2,100.30

3.54%

2.48%

76.77

27.36

N/A

N/A

64.50

3.07%

84.16

24.96

100.00

4.71%

-0.30%

13.10

7.63

11.80*

8.47

3.00

3.00%

84.99

1.18

76.00

6.29%

-6.40%

13.10

5.80

11.80*

6.44

3.00

3.95%

84.99

0.89

103.10

-4.63%

-31.31%

4.05

25.46

14.67

7.03

3.00

2.91%

156.65

0.66

CARS

280.00

3.70%

-19.10%

15.77

17.76

9.85*

28.43

1.00

0.36%

211.56

1.32

HAYL

271.50

10.50%

-11.68%

34.42

7.89

34.31*

7.91

6.00

2.21%

388.05

0.70

HHL

91.40

13.40%

-1.61%

3.74

24.44

5.22*

17.51

1.10

1.20%

30.39

3.01

JKH

155.20

4.86%

-12.86%

11.37

13.65

14.47

10.73

5.50

3.54%

126.39

1.23

SPEN

80.80

9.93%

-16.44%

6.60

12.24

6.90*

11.71

1.50

1.86%

88.18

0.92

SUN

50.20

0.40%

-5.64%

4.50

11.16

5.09

12.80

0.95

1.89%

42.08

1.19

SUN

50.20

0.40%

-5.64%

4.50

11.16

2.91

12.80

0.95

1.89%

16.55

1.19

Beverage, Food & Tobacco

CTC

Chemicals & Pharmaceuticals

CIC
CIC(X)

Construction & Engineering

DOCK

Diversified

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

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

BRS Stocks in Focus

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)

Healthcare
CHL

94.10

4.56%

-7.02%

9.38

10.03

N/A

CHL(X)

77.00

4.62%

2.67%

9.38

8.21

N/A

AHPL

54.80

14.64%

-7.28%

3.70

14.81

AHUN

63.00

18.87%

-7.35%

5.51

CONN

68.00

12.40%

1.95%

EDEN

17.30

8.13%

KHL

12.70

PALM

N/A

2.70

2.87%

88.62

1.06

N/A

2.70

3.51%

88.62

0.87

3.85

14.23

4.00

7.30%

53.56

1.02

11.43

4.89

12.88

1.50

2.38%

52.85

1.19

5.15

13.20

N/A

N/A

5.00

7.35%

64.41

1.06

-1.14%

(4.75)

N/M

N/A

N/A

0.00%

39.28

0.44

5.83%

-17.53%

1.24

N/M

1.12

11.34

2.36%

14.73

0.86

32.00

7.02%

-16.01%

(5.89)

N/M

N/A

N/A

0.00%

73.97

0.43

SHOT

30.70

11.64%

-7.25%

1.72

17.85

N/A

N/A

0.00%

19.02

1.61

STAF

43.30

3.10%

-17.52%

5.25

8.25

N/A

N/A

1.00

2.31%

43.14

1.00

ACL

113.00

11.99%

-6.53%

14.35

7.87

19.00

5.95

2.00

1.77%

134.88

0.84

KCAB

127.80

13.60%

-0.31%

14.78

8.65

19.00*

6.73

3.00

2.35%

138.40

0.92

LLUB

336.90

10.46%

-2.06%

25.73

13.09

27.01

12.47

23.00

6.83%

39.03

8.63

LWL

117.20

18.62%

6.74%

19.12

6.13

28.07

4.18

7.50

6.40%

134.92

0.87

TJL

34.50

8.83%

-2.82%

2.03

17.00

3.03

11.39

1.30

3.77%

14.35

2.40

RCL

117.90

17.78%

6.03%

18.97

6.22

27.16

4.34

5.00

4.24%

66.81

1.76

TKYO

41.20

11.35%

-15.92%

5.40

7.63

5.06

8.14

1.19

2.89%

32.39

1.27

TKYO(X)

37.90

17.34%

-4.05%

5.40

7.02

5.06

7.49

1.19

3.14%

32.39

1.17

DIAL

10.70

4.90%

0.00%

0.64

16.72

0.96*

11.15

0.13

1.21%

5.81

1.84

SLTL

39.90

2.84%

-15.11%

2.06

19.37

3.72*

10.73

0.89

2.23%

36.15

1.10

AGAL

19.30

1.58%

-5.85%

(16.21)

N/M

N/A

N/A

0.00%

25.17

0.77

KGAL

66.50

31.16%

0.00%

6.76

9.84

N/A

N/A

3.01%

102.50

0.65

KOTA

20.10

33.11%

12.92%

(9.53)

N/M

N/A

N/A

0.00%

49.70

0.40

KVAL

65.20

0.31%

-6.86%

(4.44)

N/M

N/A

N/A

1.00

1.53%

72.80

0.90

MAL

3.20

28.00%

-5.88%

(1.07)

N/M

N/A

N/A

0.03

0.78%

72.81

0.27

WATA

21.10

9.33%

-13.17%

1.84

11.47

N/A

N/A

0.50

2.37%

19.50

1.08

TPL

38.00

16.92%

20.25%

5.82

6.53

N/A

N/A

3.00

7.89%

68.89

0.55

LIOC

38.00

16.92%

2.43%

(0.72)

N/M

N/A

N/A

1.50

3.95%

31.64

1.20

HPWR

23.80

7.21%

-4.80%

1.76

13.52

2.58*

9.22

0.00%

16.41

1.45

Hotels & Travels

0.30

Manufacturing

Telecommunications

Plantations
2.00
-

Power & Energy

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

Week IV : 25th April - 29th April 2016

BRS Weekly Market Report

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gireesan @bartleetreligare.com

Galle

(091)5633512

milindu@bartleetreligare.com

(057)2225537

indrajith@bartleetreligare.com

Jaffna

(021)2221800

(021)2220145

(021)5671115

mohan@bartleetreligare.com

Kandy

(081)5622779

(081)5622781

(081)2203710

dayananda@bartleetreligare.com

Kiribathgoda

(011)5238065

(011)2916711
(041)5410006

heshan@bartleetreligare.com

Matara

(041)5410005

Negombo

(031)5677838

Panadura

(038)2239610

Polonnaruwa

(027)5678995

mahesh@bartleetreligare.com

Vauniya

(024)5679544

mohan@bartleetreligare.com

Wellawatta

(011)5633733

upul@bartleetreligare.com

(041)2232985 (041)2234926

thilina@bartleetreligare.com
samith@bartleetreligare.com

(038)5678617

duminda@bartleetreligare.com

DISCLAIMER: In compiling this report, Bartleet Religare Securities (Pvt) Ltd has made every endeavour to ensure its accuracy but cannot hold ourselves
responsible for any errors that may be found herein. We further disclaim all responsibility for any loss or damage which may be suffered by any person
relying upon such information or any options, conclusions or recommendations herein whether that loss or damage is caused by any fault or negligence
in the part of Bartleet Religare Securities (Pvt) Limited.