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, 29 September 2016


    ASI: 6,528.3 (up 16 points, +0.25%), S&P SL20: 3,622.9 (up 8 points, +0.23%)

    Turnover: Rs.479mn (-54%)

    Exchange Rate 1US$ = Rs.146.90

    Market Capitalization: US$18.9bn

    Foreign Purchases: Rs.55mn (-88%)

    Foreign Sales: Rs.48mn (-88%)

     

    Textured Jersey Lanka (TJL – Rs.47.0) emerged as the top contributor to turnover with Rs.36mn (0.8mn shares), followed by John Keells Holdings (JKH-N – Rs.153.0) with Rs.33mn turnover (0.2mn shares) and Tokyo Cement Comp (Lanka) - Voting (TKYO-N – Rs.60.0) with Rs.28mn turnover (0.5mn shares)

  • Corporate Announcements:
    Thursday, 29 September 2016


    Further to the announcement made on 22 September 2016, Central Investments and Finance (CIFL) announced that the Central Bank of Sri Lanka (CBSL) responded to the request made by the company regarding Vandell Financial Services SA, who have expressed desire to acquire 100% ownership in CIFL, indicating that the Monetary Board is empowered in terms of Finance Business Act to ensure that investors would get 100% control in the event of the proposed investment is materialised satisfactorily. The CBSL have further stated that such intervention would be subject to other circumstances of the mechanism of proposed investment.

    http://www.cse.lk/cmt/upload_cse_announcements/3661475142244_.pdf

     

    Ceylon Tea Services (CTEA) announced that two special resolutions were duly passed at the Annual General Meeting of the company held on 28 September 2016. Special resolution one being the name change of the company to “Dilmah Ceylon Tea Company” and the second special resolution being the amended Article B – objects of the company.

    http://www.cse.lk/cmt/upload_cse_announcements/8091475146029_.pdf

     

  • Stock Market Indicators:
    Wednesday, 28 September 2016


    ASI: 6,512.3 (up 29 points, +0.45%), S&P SL20: 3,614.5 (up 26 points, +0.72%)

    Turnover: Rs.1,046mn (+17%)

    Exchange Rate 1US$ = Rs.146.60

    Market Capitalization: US$18.9bn

    Foreign Purchases: Rs.461mn (+20%)

    Foreign Sales: Rs.388mn (-4%)

     

    Distilleries Company of Sri Lanka (DIST – Rs.250.0) emerged as the top contributor to turnover with Rs.275mn (1.1mn shares), followed by The Lion Brewery Ceylon (LION – Rs.380.0) with Rs.82mn turnover (0.2mn shares) and Sampath Bank (SAMP – Rs.265.0) with Rs.69mn turnover (0.3mn shares)

  • Local Economy News:
    Wednesday, 28 September 2016


    The Central Bank of Sri Lanka (CBSL), in its Monetary Policy Review for September 2016, kept key policy rates unchanged, with the Standing Deposit Facility Rate (SDFR) at 7.0%, Standing Lending Facility Rate (SLFR) at 8.5% and Statutory Reserve Ratio (SRR) at 7.5%.

    Private sector credit growth was 28.5% in July 2016 (vs.28.2% in June 2016).

    http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20160928e.pdf

     

    Sri Lanka’s 3-month, 6-month and 12-month Treasury Bill Yields declined by 16bps, 30bps and 27bps respectively to 8.55%, 9.39% and 10.11%.

    http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20160928eb.pdf

     

  • Stock Market Indicators:
    Tuesday, 27 September 2016


    ASI: 6,483.3 (up 4 points, +0.07%), S&P SL20: 3,588.7 (down 0 points, -0.01%)

    Turnover: Rs.896mn (+46%)

    Exchange Rate 1US$ = Rs.146.50

    Market Capitalization: US$18.9bn

    Foreign Purchases: Rs.384mn (vs. Rs.106mn)

    Foreign Sales: Rs.406mn (+41%)


    Distilleries Company of Sri Lanka (DIST – Rs.247.0) emerged as the top contributor to turnover with Rs.230mn (0.9mn shares), followed by John Keells Holdings (JKH-N – Rs.152.0) with Rs.110mn turnover (0.7mn shares) and C T Land Development (CTLD – Rs.58.0) with Rs.104mn turnover (1.8mn shares)

  • Corporate Announcement:
    Tuesday, 27 September 2016


    Sunshine Holdings (SUN) announced that the proposed issuance of 24mn shares (amounting to 40% of total issued shares) in Sunshine Packaging Lanka Ltd to Primeco Holdings Ltd had not materialized, and accordingly, the shareholding of SUN in Sunshine Packaging Lanka Ltd will remain at 100%.

    http://www.cse.lk/cmt/upload_cse_announcements/2051474974310_.pdf

     

    Citrus Leisure (REEF) announced that its subsidiary company Hikkaduwa Beach Resort (CITH) is to make a voluntary offer to purchase 202mn shares of Waskaduwa Beach Resort (CITW) (constituting 100% of the shares in issue), at a consideration of 5 shares of CITH for every 12 shares of CITW. Consequently, new shares not exceeding 84mn of CITH would be issued to CITW shareholders at an issue price of Rs.24.0, depending on the level of acceptance of the voluntary offer.

    http://www.cse.lk/cmt/upload_cse_announcements/4621474952402_.pdf

  • Dividend Announcement
    Tuesday, 27 September 2016


    Associated Motor Finance Company (AMF) – Final Dividend of Rs.15.0 per share – XD:
    06/10/2016 – PD: 14/10/2016.

    Trade Finance and Investments (TFIL) – Interim Dividend of Rs.2.0 per share – XD:06/10/2016 – PD: 07/10/2016.

  • Stock Market Indicators:
    Monday, 26 September 2016


    ASI: 6,478.9 (unchanged), S&P SL20: 3,589.2 (up 2 points, +0.05%)

    Turnover: Rs.614mn (-31%)

    Exchange Rate 1US$ = Rs.146.35

    Market Capitalization: US$18.9bn

    Foreign Purchases: Rs.106mn (-63%)

    Foreign Sales: Rs.289mn (+69%)

    The Lion Brewery Ceylon (LION – Rs.379.0) emerged as the top contributor to turnover with Rs.191mn (0.5mn shares), followed by Ceylon Tobacco Company (CTC – Rs.855.0) with Rs.57mn turnover (0.1mn shares) and Textured Jersey Lanka (TJL – Rs.46.0) with Rs.43mn turnover (0.9mn shares)


Research Reports

Commercial Bank of Ceylon

CT CLSA – Commercial Bank of Ceylon (COMB) 4Q2015 Results Summary - 07 March 2016 Commercial Bank of Ceylon (COMB N – Rs.124.0, COMB X – Rs.111.0) COMB reported a 4Q2015 Net Profit (NP) of Rs.3,424mn (+1% YoY, +5% QoQ), broadly in line with our expectations, resulting in its 2015 NP rising +6% YoY to Rs.11,855mn. Profits improved on a QoQ basis due to improved asset quality§ Effective Tax Rate (ETR) increases on a YoY basis due to the tax credits received in 4Q2014 on COMB’s acquisition of NBFI Indra Finance Limited§ COMB reported fair value (M2M) losses from Govt securities held for trading...


Read More...

Asiri Hospitals

CT CLSA – Asiri Hospital Holdings (ASIR) Initiation Report - 17 March 2016ASIR – Rs.23.2 § Asiri Hospital Holdings (ASIR), a 50.7% owned subsidiary of listed conglomerate Softlogic Holdings (SHL), is Sri Lanka’s leading and the largest private listed hospital group in terms of market capitalization and bed capacity – with 610 beds in four hospitals - three in capital Colombo and the other in Southern city Matara, commanding one third of the bed capacity in the listed segment. Recording a revenue of Rs.8.6bn for FY15, recurring net profit of Rs.903mn for FY15 and Rs.972mn for 1-3Q16 (+26% YoY)...


Read More...

Nations Trust Bank

CT CLSA - Nations Trust Bank (NTB) 4Q2015 Results Summary - 24 Mar 2016NTB – Rs.77.0 4Q2015 EPS of Rs.2.9 (+21% YoY and -1% QoQ), slightly above our expectations, largely due to lower impairment provisions and higher Non Interest IncomeNet Interest Spread continued to contract amid increased price competition within the banking and financial sectorOutlook Valuations: We revise up our 2016E NP forecast by 12% to Rs.2,636mn (+1% YoY), largely due to upward revisions in interest spreads and loan book. Meanwhile, 2017E NP forecast at Rs.3,104mn (+18% YoY off a low base), supported by the growth...


Read More...

Aitken Spence

CT CLSA - Aitken Spence (SPEN) 3Q16 Results Summary - 28 March 2016SPEN – Rs.73.03Q16 net profit -27% YoY on a recurring basis to Rs.637mn, below our expectations, due to below par performance in tourism sector and lack of contribution from Ace Power Embilitiya (APE), under the Strategic Investments sector, on account of non-renewal of the Power Purchase Agreement (PPA), which expired in April 2015Outlook and ValuationsSPEN’s group recurring net profit forecasts revised down by -12% to Rs.2,396mn for FY16E (-43% YoY) and by -6% to Rs.3,028mn for FY17E (+26% YoY, off a low base) largely due to ...


Read More...

Tokyo Cement

CT CLSA - Tokyo Cement Company (Lanka) (TKYO) 3Q16 Results Summary - 28 March 2016 Tokyo Cement Company (Lanka) (TKYO-N: Rs.35.0, TKYO-X-Rs.33.0) TKYO reported a 3Q16 net profit of Rs.339mn (vs. Rs.100mn in 3Q15, although -31% QoQ), broadly in line with our expectations, largely due to higher growth in other income (which is not expected to be sustainable and lacks clear visibility). Meanwhile, cumulative earnings rose +16% YoY in 1-3Q16 Outlook Valuations: 3Q16 EPS of Rs.1.0 (vs. EPS of 0.3 in 3Q15, -31% QoQ), broadly in line with our expectations, largely driven by higher growth in other i...


Read More...

Peoples Leasing

People’s Leasing Finance (PLC - Rs.19.5) § PLC reported a net profit of Rs.1,150mn for 4Q16 (+2% YoY, although -5% QoQ), slightly above our expectations, largely due to continued impairment reversals for loans and receivables. Meanwhile, FY16 earnings grew +15% YoY Outlook Valuations: § PLC’s FY17E net profit forecast broadly maintained at Rs.4,289mn (-9% YoY), in anticipation of continued rise in interest rates and slowdown in local vehicle market. Meanwhile, FY18E net profit forecast at Rs.4,812mn (+12% YoY) with earnings largely recovering from anticipat...


Read More...

Peoples Leasing

People’s Leasing Finance (PLC - Rs.19.5) § PLC reported a net profit of Rs.1,150mn for 4Q16 (+2% YoY, although -5% QoQ), slightly above our expectations, largely due to continued impairment reversals for loans and receivables. Meanwhile, FY16 earnings grew +15% YoY Outlook Valuations: § PLC’s FY17E net profit forecast broadly maintained at Rs.4,289mn (-9% YoY), in anticipation of continued rise in interest rates and slowdown in local vehicle market. Meanwhile, FY18E net profit forecast at Rs.4,812mn (+12% YoY) with earnings largely recovering from anticipat...


Read More...

Lion Brewery - Initiation Report

CT CLSA - Lion Brewery Ceylon (LION) Initiation Report - 29 April 2016 Lion Brewery Ceylon (LION - Rs.452.4) Lion Brewery Ceylon (LION) is Sri Lanka’s largest producer and distributor of soft alcohol (beer) with a market share of ~86%. Currently, LION’s portfolio mainly includes three Lion Brands (Lion Lager, Lion Strong and Lion Stout), Carlsberg and Carlsberg Special Brew both of which are marketed under a license Outlook Valuations: LION’s NP forecast at Rs.2,055mn for FY16E (+13% YoY). Meanwhile, we expect 4Q16E earnings to decline -16...


Read More...

Hemas Holdings - Event Update

Hemas Holdings (HHL - Rs.88.9) Event Update - 29 April 2016 HHL appointed Evergreen’s exclusive shipping line agent · Hemas Maritime (Pvt) Ltd, a fully owned subsidiary of Hemas Holdings (HHL) announced that it has been appointed as the general agent of Evergreen Lines in Sri Lanka, through a formal tender process, via agency renewal · Evergreen has 190 ships with a capacity of ~850,000 twenty foot containers, with Colombo being one of the transhipment hubs in its network. Evergreen started operations in Colombo in 1986 and is the third largest mainl...


Read More...

Results for the Period Ended 31 December 2015:

John Keells Holdings (JKH) reported a net profit of Rs.3,895mn for 3Q16 (-10% YoY), resulting in a net profit of Rs.9,548mn for 1-3Q16 (+5% YoY). Softlogic Finance (CRL) reported a net profit of Rs.102mn for 3Q16 (+67% YoY), resulting in a net profit of Rs.227mn for 1-3Q16 (+48% YoY).


Read More...

Commercial Bank of Ceylon

CT CLSA - Commercial Bank of Ceylon (COMB) 3Q2015 Results Summary - 19 November 2015COMB reported an EPS of Rs.3.7 for 3Q2015 (-2% YoY and +23% QoQ), broadly in line with our expectationsTop line driven by growth in leasing portfolio, CASA improves to 50%, asset quality continues to improve with better NPA coverageEfficiency improves, despite slower growth seen in non-core incomeMarked to market losses continues to increase to Rs.6.4bn for 1-3Q2015 (with Rs.3.4bn reported during 3Q2015) amidst an unfavorable interest rate environment Outlook Valuations NP forecasts maintained at Rs.11,827m...


Read More...

Sampath Bank

CT CLSA - Sampath Bank (SAMP) 3Q2015 Results Summary - 18 November 2015 3Q2015 EPS of Rs.10.9 (+69% YoY and +16% QoQ), above our expectations on account of the foreign exchange gains recorded on foreign currency holdingsOutlook ValuationsSAMP NP forecast revised up by 3% for 2015E to Rs.6,415mn (+22% YoY), amid the upward revisions in Non-Interest Income. Meanwhile, 2016E NP forecast broadly maintained at Rs.7,367mn (+15% YoY)The SAMP share has outperformed the market 2015YTD rising +13% (vs. ASI’s decline of -7%), however declined in last three months by -7% (similar to ASI)SAMP trades at...


Read More...

Aitken Spence Hotel Holdings

CT CLSA - Aitken Spence Hotel Holdings (AHUN) 2Q16 Results Summary - 19 November 2015Quarterly Highlights:2Q16 Net Profit (NP) of Rs.210mn (+81% YoY on a recurring basis, off a low base, down -33% from 2Q14), in line with our expectations, led by profit growth in both the Sri Lanka and Maldives sectors. 1H16 recurring NP consequently up +33% YoY to Rs.406mn Outlook Valuations: AHUN recurring NP revised down by -8% to Rs.2,137mn for FY16E (+5% YoY) and by -9% to Rs.2,577mn for FY17E (+21% YoY); downward revision on account of political uncertainty and relatively modest growth in the Maldives...


Read More...

National Development Bank

CT CLSA – National Development Bank (NDB) 3Q2015 Results Summary - 07 December 2015NDB reported an EPS of Rs.5.1 (-32% YoY, +47% QoQ), below our expectations. Profits fell due to worsening (YoY) cost to income ratio and relatively higher impairmentNet Interest Spreads deteriorated slightly, deposits remained flat whilst loans grew 6% QoQ during 3Q20152016E fiscal proposals to increase NDB’s Effective Tax Rate by 5.5% Outlook Valuations: NDB’s NP forecasts revised down by -13% and -14% to Rs.3,575mn (-14% YoY) and Rs.4,168mn (+17% YoY) for 2015E and 2016E respectively. Profits revised down o...


Read More...

Dialog Axiata

CT CLSA – Dialog Axiata (DIAL) 3Q2015 Results Summary - 11 December 2015DIAL reported a 3Q2015 Net Profit of Rs.679mn (-60% YoY -64% QoQ), below our expectations. Profits fell on account of higher currency depreciation with the LKR weakening during the quarterAverage Revenue Per User increased to Rs.372 per month on account of increased revenue per minute. Finance costs increased on account of 5.5% depreciation in LKR during 3Q2015Withdrawal of 2015E interim proposals on, Satellite levy fee of Rs.1bn and pre-paid telco levy transfer (from consumer to producer) to result only in a one off Rs.2...


Read More...

Latest Research