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Weekly

Week II : 09thNov - 13th Nov 2015

BRS Weekly Market Report

BRS Market Report


Week II : 09th Nov - 13th Nov 2015

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

Week II : 09thNov - 13th Nov 2015

BRS Weekly Market Report

The Week at a Glance


SL Market Indices

ASPI

Current
Week

Previous
Week

Change
(Points)

%
Change

7,001.81

7,059.48

-57.67

-0.82%

S&P SL20

Current
Week

Previous
Week

Change
(Points)

%
Change

3,787.00

3,824.62

-37.62

-0.98%

Market remains lull; waiting for next weeks 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 (- Global Market Indices
0.98% WoW). Index heavy sectors recorded losses for the week weighing down
Current
the benchmark index. Accordingly, Banking and Finance sector lost 1.5%, BeverWeek
age, Food and Tobacco lost 0.8%, Manufacturing lost 1.3% and Diversified sector
DOW JONES
17,448.07
lost 0.6% WoW basis.
Banking sector records losses
We observed interest building up on power sector stocks PAP and HPWR from
local HNIs 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 managed 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 reported 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.

Previous
%
Week Change
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%

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

All Share Price Index


7,060
7,050

7,050.21

7,040
7,030

7,019.23

SL FX Rates

7,020
7,001.81

7,010
7,000

7,006.35

Current
Value

Previous
Week

%
Change

6,990

USD

144.08

143.65

0.30%

6,980

POUND

219.99

219.31

0.31%

6,970

EURO

156.27

157.21

-0.60%

1.18

1.18

0.00%

9-Nov-15

11-Nov-15

12-Nov-15

13-Nov-15

YEN

Week II : 09thNov - 13th Nov 2015

BRS Weekly Market Report

The Week at a Glance


Weekly Summary
MONDAY

TUESDAY

WEDNESDAY

THURSDAY

FRIDAY

7,019.23

7,006.35

7,001.81

All Share Index

7,050.21

S&P SL 20 Index

3,821.97

3,790.61

3,783.34

3,787.00

Equity Turnover (LKR)

491,834,461

545,393,617

579,795,708

779,375,157

Domestic Purchases (LKR)

198,407,987

334,712,728

309,864,687

588,803,200

Domestic Sales (LKR)

263,282,900

460,345,971

403,717,960

534,180,271

Foreign Purchases (LKR)

293,426,474

210,680,889

269,931,021

190,571,957

Foreign Sales (LKR)

228,551,561

85,047,646

176,077,749

245,194,886

Vol of Turnover

15,070,768

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%

2,993,040,400,238

2,979,889,343,894

2,974,419,712,165

2,972,493,182,827

Market Capitalization (LKR)

Foreign Purchases vs Sales

Net Position on Foreign Holdings

LKR mn

LKR mn

H
O
L
I
D
A
Y

300

200

100

0
9-Nov-15

10-Nov-15

H
O
L
I
D
A
Y

140
120
100
80
60
40
20
0
-20
-40
-60
-80

400

11-Nov-15

Foreign Purchases

12-Nov-15

13-Nov-15

9-Nov-15

10-Nov-15

11-Nov-15

12-Nov-15

13-Nov-15

Foreign Sales

WEEKLY CSE ANNOUNCEMENTS


Dividend
Company
Ceylon Tobacco Company PLC
National Development Bank PLC

CODE

DPS (LKR)

Final/Interim

XD

PD

CTC
NDB

9.00
7.00

Third Interim
Interim

18.11.2015
24.11.2015

27.11.2015
04.12.2015

Week II : 09thNov - 13th Nov 2015

BRS Weekly Market Report

The Week at a Glance


Top 5 Sector Gainers & Losers
3.6%

1.0%

HLT

TEL

0.8%

0.5%

S&S

Healthcare and Telco


sectors emerged as
top sector gainers
during the week

0.0%

MTR

IT

OIL

P&E

PLT

C&E

TRD

-2.3%

-2.2%

-2.0%

-4.1%
-5.6%

Sector Multiples
SECTOR

BFI

BEV

C&P

C&E

DIV

F&T

HLT

H&T

IT

L&P

MFG MTR

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

0.9

2.9

1.1

1.4

1.6

0.8

4.6

INV

1.0

1.4

OIL

3.3

PLT

0.7

P&E SERV

1.5

2.0

S&S TELCO TRD

Weekly Crossings

Monday

Code

No of Crossings

Total Shares

Price (LKR)

DIST

100,000

278.00

Thursdays block
deals contributed
~22% to the days
turnover

HOLIDAY

Tuesday
Wednesday

Thursday

Friday

PAP

10,000,000

3.80

ASIR

872,062

24.00

NEST

27,000

2050.00

CTC

53,000

983.00

DIAL

8,700,000

11.10

COMB

412,000

152.00

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 II : 09thNov - 13th Nov 2015

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

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

#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

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

JINS

Beverage, Food & Tobacco

Chemicals & Pharmaceuticals

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 II : 09thNov - 13th Nov 2015

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

104.00

-0.48%

-11.41%

5.91

17.60

7.85*

13.25

2.70

2.60%

77.37

1.34

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

CHL(X)

Hotels & Travels

Manufacturing

Telecommunications

Plantations

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 II : 09thNov - 13th Nov 2015

BRS Weekly Market Report

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(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.