SECURE LOGIN



Please note that this Login Form is exclusively for clients of CT CLSA Securities (Pvt) Ltd.
USD LKR CHARTS

News & Announcements

  • Stock Market Indicators:
    Thursday, 03 September 2015


    ASI: 7,245.5 (up 5 points, +0.07%), S&P SL20: 3,978.8 (down 1 points, -0.03%)

    Turnover: Rs.567mn (-14%)

    Exchange Rate 1US$ = Rs.135.55

    Market Capitalization: US$22.7bn

    Foreign Purchases: Rs.78mn (-64%)

    Foreign Sales: Rs.274mn (+8%)

     

    Commercial Bank of Ceylon - Voting (COMB-N – Rs.171.0) emerged as the top contributor to turnover with Rs.157mn (0.9mn shares), followed by Sampath Bank (SAMP – Rs.264.0) with Rs.61mn turnover (0.2mn shares) and John Keells Holdings (JKH-N – Rs.177.0) with Rs.57mn turnover (0.3mn shares)

  • Local Economy News:
    Thursday, 03 September 2015


    Tourist Arrivals – August 2015

    Tourist arrivals to Sri Lanka rose 19% YoY to 166,610 persons in August 2015, resulting in cumulative arrivals for 2015 YTD rising 17% YoY to 1,172,465 persons. Arrivals from Western Europe rose 16% YoY to 55,868persons in August 2015 whilst arrivals from East Asia rose 39% YoY to 37,583 persons. Arrivals from South Asia rose 30% YoY to 34,912 persons

    http://sltda.lk/sites/default/files/Page2Aug15.pdf

  • Corporate Announcement:
    Thursday, 03 September 2015


    It was announced that
     Vidullanka’s (VLL) fully owned subsidiary Muvumbe Hydro (U) Ltd entered into two agreements with parties acting on behalf of the Government of Uganda. Accordingly, the company will be entitled to receive a grant of US$4.5mn during the first 5 years of commercial operations of the Muvumbe small Hydro Power plant

    http://www.cse.lk/cmt/upload_cse_announcements/3231441272956_.pdf

  • Dividend Announcement:
    Thursday, 03 September 2015


    Industrial Asphlts (Ceylon) (ASPH)
     - First & Final dividend of Rs.4.5 per share – XD: 28/09/2015 – PD:06/10/2015

  • Stock Market Indicators:
    Wednesday, 02 September 2015


    ASI: 7,240.4 (down 58 points, -0.80%), S&P SL20: 3,979.9 (down 27 points, -0.68%)

    Turnover: Rs.661mn (-10%)

    Exchange Rate 1US$ = Rs.135.25

    Market Capitalization: US$22.7bn

    Foreign Purchases: Rs.217mn (vs. Rs.20mn)

    Foreign Sales: Rs.253mn (vs. Rs.116mn)

     

    John Keells Holdings (JKH-N – Rs.176.5) emerged as the top contributor to turnover with Rs.95mn (0.5mn shares), followed by Commercial Bank of Ceylon - Voting (COMB-N – Rs.171.0) with Rs.85mn turnover (0.5mn shares) and Aitken Spence (SPEN – Rs.96.1) with Rs.50mn turnover (0.5mn shares))

  • Local Economy News:
    Wednesday, 02 September 2015

    Sri Lanka’s 3-month, Treasury bill yields increased by 26bps to 6.79%, while 6-month and 12-month Treasury bill Yields increased by 20bps each to 7.07% and 7.17% respectively.
    http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20150902e.pdf

  • Corporate Announcement:
    Wednesday, 02 September 2015


    Eden Hotel Lanka (EDEN) 
    announced a 01:01 rights issue at an offer price of Rs.20.00 per share. The funds raised will be used to repay part of the outstanding debts.

    http://www.cse.lk/cmt/upload_cse_announcements/4761441189189_.pdf

  • Stock Market Indicators:
    Tuesday, 01 September 2015


    ASI: 7,298.8 (down 8 points, -0.11%), S&P SL20: 4,007.3 (down 19 points, -0.47%)

    Turnover: Rs.732mn (+41%)

    Exchange Rate 1US$ = Rs.135.25

    Market Capitalization: US$22.9bn

    Foreign Purchases: Rs.20mn (-85%)

    Foreign Sales: Rs.116mn (+11%)


    Ceylon Hotels Corporation (CHOT – Rs.27.0) emerged as the top contributor to turnover with Rs.300mn (10.0mn shares), followed by Janashakthi Insurance Company (JINS – Rs.19.8) with Rs.37mn turnover (1.9mn shares) and Kahawatte Plantations (KAHA – Rs.33.0) with Rs.33mn turnover (1.0mn shares)

Research Reports

Chevron Lubricants

Chevron Lubricants Lanka (LLUB) 2Q2015 Results Summary - 14 August 2015LLUB - Rs.415.02Q2015 Net Profit (NP) of Rs.797mn (+18% YoY and +7% QoQ), broadly in line with expectations. Earnings growth driven by record high Gross Profit (GP) margin on the back of continued soft base oil prices Outlook Valuations: LLUB’s net profit forecasts broadly maintained at Rs.3,092mn (+13% YoY) and at Rs.3,299mn (+7% YoY) for 2015E and 2016E respectively, despite a decline in net revenue; forecast maintained on account of soft base oil price expectationsThe estimated Super Gain Tax (SGT) liability for LLUB ...


Read More...

Nestle Lanka

Nestlé Lanka (NEST) 2Q2015 Results Summary - 12 August 2015(NEST – Rs.2,125.0)2Q2015 record high net profit of Rs.1,299mn (+33% YoY and +12% QoQ – surpassing the previous record high in 1Q2015), above our expectations, amid higher than anticipated expansion in gross profit margin. Consequently, 1H2015 net profit +18% YoY to Rs.2,458mnOutlook Valuations NEST net profit forecasts revised up by ~7% for both 2015E and 2016E to Rs.4,589mn (+21% YoY) and Rs.5,067mn (+10% YoY) respectively, amid upward revision to the GP margin, mainly due to continued decline in global commodity prices, led by da...


Read More...

Aitken Spence Hotel Holdings

Aitken Spence Hotel Holdings (AHUN) 1Q16 Results Summary - 12 August 2015(AHUN – Rs.79.2)Quarterly Highlights:AHUN recurring 1Q16 Net Profit (NP) of Rs.196mn (+3% YoY), inline with our expectations; 1Q15 earnings adjusted for non-recurring insurance income received for damaged water villas of Adaaran HudhuRan Fushi. Recurring earnings growth mainly due to higher contribution from key Maldives sector Outlook Valuations: AHUN recurring NP forecast maintained at Rs.2,410mn for FY16E (+18% YoY) and at Rs.2,653mn for FY17E (+10% YoY); growth to be primarily driven by higher revenue expectations ...


Read More...

Nations Trust Bank

Nations Trust Bank (NTB) 2Q2015 Results Summary - 10 Aug 2015(NTB – Rs.105.10)2Q2015 EPS of Rs.3.3 (+26% YoY and +55% QoQ), above our expectations, driven by higher non-interest income coupled with the slow growth in operating expenses and lower than expected impairment provisionsLeasing book contracted QoQ amid the increased competition, whilst credits cards and overdrafts supported the overall loan bookOutlook Valuations Uncertainty related to promoter dilution continues, amid likely participation of banks in ongoing sector consolidation initiatives. A near term acquisition/merger related...


Read More...

Dialog Axiata

Dialog Axiata (DIAL) 2Q2015 Results Summary - 10 August 2015(DIAL - Rs.11.4)Dialog Axiata (DIAL) reported a Net Profit (NP) of Rs.1,907mn for 2Q2015 (+19% YoY but down -4% QoQ), above our expectations, due to relatively higher revenue growth and improved operational efficiencies (especially at Dialog Broadband Networks) centered on cost management initiativesOutlook Valuations: Revenue rose due to better Data revenue (+13% QoQ and +61%YoY; driven by higher subscriber additions) and better Dialog TV (DTV) revenue growth (+25% YoY) amid a 2% QoQ decline in Mobile Voice revenue growthMobile Vo...


Read More...

Peoples Leasing

People's Leasing Finance (PLC) 1Q16 Results Summary - 10 August 2015(PLC - Rs.25.2)People’s Leasing Finance (PLC) reported a net profit of Rs.1,110mn for 1Q16 (+42% YoY, but -1% QoQ), above our expectations, largely due to steep decline in impairment provisionsOutlook Valuations: Quarterly Net Interest Spread (NIS) which has been widening for six consecutive quarters, contracted in 1Q16PLC’s highest contributing subsidiary, Peoples Insurance Limited, to be listed before 2016Net profit forecast broadly maintained at Rs.4,433mn for FY16E (+8% YoY) and Rs.4,632mn for FY17E (+5% YoY) – upwa...


Read More...

Textured Jersey

Textured Jersey Lanka (TJL) 1Q16 Results Summary - 07 August 2015(TJL - Rs.29.9)TJL reported a net profit of Rs.206mn for 1Q16 (+26% YoY - off a low base), broadly inline with our expectations, largely due to margin expansion, despite sluggish revenue growth. Earnings were however -60% QoQ from record high 4Q15 earnings. In US$ terms 1Q16 net profit grew +22% YoY and -61% QoQ to US$1.5mn Outlook Valuations: TJL’s net profit forecasts broadly maintained at Rs.1,642mn for FY16E (+20% YoY) and Rs.1,913mn for FY17E (+14% YoY) with growth mainly expected from addition of new capacityVolume growt...


Read More...

John Keells Holdings

John Keells Holdings (JKH) 1Q16 Results Summary - 30 July 2015(JKH – Rs.197.3) 1Q16 EPS of Rs.1.9 (+1% YoY), broadly in line with our expectations. Quarterly earnings were impacted by below par performance in key Leisure sector though partially compensated by the robust growth in the Consumer Foods and Retail sectorOutlook Valuations JKH’s group recurring net profit forecasts broadly maintained at Rs.13,115mn for FY16E (+1% YoY) and at Rs.14,067mn for FY17E (+7% YoY). The Leisure sector is the main contributor to group earnings (~33-35% of group PAT) followed by Transportation sector (~18% ...


Read More...

Seylan Bank

Seylan Bank (SEYB) Company Brief - 29 July 2015SEYB has transformed during the past few years whilst improving its asset quality and efficiency over time. We believe its management initiatives are likely to increase its earnings potential, enabling the bank to deliver Systemically Important Bank (SIB) par returns in the near termOutlook Valuations Group’s legacy NPAs are likely to be recovered in the near term owing to strong initiatives implemented to recover same Adoption of a lean branch model to further increase SEYB’s efficiency whilst reducing its Cost to Income Ratios to industry p...


Read More...

Ceylon Tobacco Company

Ceylon Tobacco Company (CTC) 2Q2015 Results Summary - 28 July 2015(CTC – Rs.916.0)Record high net profit of Rs.3,019mn in 2Q2015 (+20% YoY and +21% QoQ), above our expectations, amid continued sharp recovery in volumes (+10% YoY), attributable to higher consumer confidence and an increase in consumer disposable income. Consequently, 1H2015 net profit rose +21% YoY to Rs.5,509mnOutlook Valuations CTC’s net profit forecasts revised up by +4% to Rs.9,944mn for 2015E (+15% YoY) and by +8% to Rs.11,059mn (+11% YoY), mainly on account of higher volume expectations, with improved consumer sentimen...


Read More...

Monthly Report - July 2015

Sri Lanka Monthly Report - July 2015July 2015 Market Performance: The Colombo Bourse closed higher in July 2015 with the benchmark All Share Price Index (ASPI) increasing +4% MoM, led by price increases across the board, mainly ahead of positive expectations for the 2Q2015 earnings season coupled with positive investor sentiment ahead of the general electionAverage daily turnover rose +59% MoM in July 2015, largely boosted by a large one off strategic transaction of Ceylinco Insurance (CINS-N) amounting to Rs.1,924mn on 29 July 2015. Net foreign selling was witnessed in July 2015 for the seco...


Read More...

Aitken Spence Hotel Holdings

Aitken Spence Hotel Holdings (AHUN) 4Q15 Results Summary - 08 July 2015Quarterly Highlights:AHUN recurring 4Q15 Net Profit (NP) of Rs.1,100mn (+1% YoY), above our expectations, mainly due to higher contribution from key Maldives segment on account of marginally higher occupancy levels and ARRsFY15 recurring earnings down -7% YoY to Rs.2,044mn, adjusted for the insurance claim proceeds of an estimated ~Rs.300mn received for damaged water villas of Adaaran HudhuRan Fushi and adjusting for a Rs.45mn gain on disposal of control of a subsidiary Outlook Valuations: The AHUN share underperformed t...


Read More...

Distilleries Co. of Sri Lanka

Distilleries Co. of Sri Lanka (DIST) 4Q15 Results Summary - 30 June 20154Q15 net profit of Rs.2,057mn (+23% YoY on a recurring basis and +28% QoQ), broadly in line with our expectations. Earnings growth led by higher contribution from the core beverage sector, sharp decline in the effective tax rate. FY15 net profit of Rs.7,373mn (+12% YoY on a recurring basis)Outlook Valuations Group net profit forecasts broadly maintained at Rs.8,170mn FY16E (+11% YoY) and at Rs.9,285mn for FY17E (+14% YoY), with earnings driven by the recovery in the core beverage sector (~80% of group PBT)Amid being ide...


Read More...

National Development Bank

National Development Bank (NDB) 1Q2015 Results Summary - 17 June 20151Q2015 EPS of Rs.5.3 for 1Q2015 -27% YoY (+1% QoQ), below our expectations. NP fell due to declining (YoY) Spreads and Non-Interest IncomeNet Interest Spreads down YoY, however recovered QoQ off a low base. Loan book remained relatively flat QoQ, whilst deposits rose 7% during the same period. Within the SME and retail book, auto finance, housing, SME and personal loans rose 59%, 31%, 40% and 30% YoY respectively Outlook Valuations: NDB’s NP for 2015E has been revised down by 3% to Rs.5,097mn (+23% YoY) whilst its 2016E NP...


Read More...

Sampath Bank

Sampath Bank (SAMP) 1Q2015 Results Summary - 16 June 2015 1Q2015 EPS of Rs.9.4 (up +24% YoY), broadly in line with our expectations driven by the increase in Non-Interest Income (Non II) and decline in impairment charges Pawning exposure fell to 7% of portfolio as at 31 Mar 2015 from 8% as at 31 Dec 2014 and 19% as at 31 Dec 2013Outlook Valuations SAMP Net Profit (NP) forecast broadly maintained at Rs.6,268mn for 2015E (up +19% YoY). The growth in 2015E to be driven by increased Net II, steady contribution from Non II, and reduced impairments. Meanwhile, 2016E NP forecast maintained at Rs.7...


Read More...

Latest Research