Ective1983

Stock Tracker
QU A R TER LY FINA NCIA LS
17-Jan-11
Ban k an d Fi nan c e 18. 62

mths QTR Mkt . Pr ic e Sh ar es 2010 2009 Gr owt h Net A sset s R OE EPS A nn uali se d BV PBV DPS DY Debt /Equi t y Cash Per
14-Jan-11 ( Mn) NP ( mn) NP ( mn) % ( mn) PER Shar e
CFIN 6 Sep 900.00 20.30 725.41 432.38 68% 9,834.69 15% 71.47 12.59 484.47 1.86 6.00 1% 198.61% 19.66 BU Y
COMB 9 Sep 280.10 353.34 3,735.00 2,984.60 25% 31,495.10 16% 13.19 21.23 83.43 3.36 4.67 2% 1009.10% 15.52
COMB-x 9 Sep 167.50 24.18 3,735.00 2,984.60 25% 31,495.10 16% 13.19 12.70 83.43 2.01 4.67 3% 1009.10% 15.52
DFCC ** 6 Sep 204.40 264.87 3,848.84 1,302.77 195% 24,294.29 20% 18.49 11.05 91.72 2.23 6.00 3% 268.41% 3.33
HNB 9 Sep 399.90 191.31 2,917.97 2,653.09 10% 28,245.11 14% 16.35 24.46 118.67 3.37 5.00 1% 872.83% 25.00
HNB-x 9 Sep 214.70 46.70 2,917.97 2,653.09 10% 28,245.11 14% 16.35 13.13 118.67 1.81 5.00 2% 872.83% 25.00
LFIN 6 Sep 293.00 34.63 401.33 163.21 146% 1,989.65 40% 23.18 12.64 57.46 5.10 5.00 2% 866.21% 20.18
LOLC ** 6 Sep 140.80 475.20 2,522.09 734.62 243% 10,579.09 32% 7.04 20.01 22.26 6.32 - 0% 551.49% (4.37)
NDB 9 Sep 370.00 82.10 1,542.25 1,600.18 -4% 15,105.89 14% 25.05 14.77 183.99 2.01 8.00 2% 543.21% 7.82
NTB* 9 Sep 86.00 209.64 848.41 504.88 68% 6,568.62 17% 5.57 15.44 31.33 2.74 1.50 2% 1103.91% 3.87
PABC 9 Sep 54.90 147.52 279.95 368.11 -24% 2,702.17 14% 2.53 21.70 18.32 3.00 - 0% 848.44% 9.31
SAMP* 9 Sep 291.70 152.81 2,133.82 1,383.53 54% 13,483.68 21% 17.14 17.02 88.24 3.31 3.13 1% 1158.63% 22.56
SEYB 9 Sep 95.20 130.00 820.00 585.73 40% 11,800.42 9% 4.31 22.08 46.54 2.05 0.50 1% 1071.20% 15.76
SEYB-x 9 Sep 48.00 123.56 820.00 585.73 40% 11,800.42 9% 4.31 11.13 46.54 1.03 0.50 1% 1071.20% 15.76
VFIN 6 Sep 102.60 20.78 43.56 17.45 150% 403.78 22% 4.19 24.47 19.44 5.28 1.00 1% 470.78% 1.13

Bever age Food and To bac c o 30. 87

BFL 6 Sep 428.20 16.00 218.59 37.44 484% 962.66 45% 27.32 15.67 60.17 7.12 1.50 0% 5.67% 7.97
CARG* 6 Sep 202.40 224.00 564.27 301.93 87% 6,526.23 17% 6.11 33.13 29.13 6.95 1.10 1% 27.60% (3.26)
CCS 6 Sep 531.40 21.60 116.04 31.23 272% 2,666.98 9% 10.74 49.46 123.47 4.30 4.00 1% 17.79% (29.49)
CTC 9 Sep 365.00 187.32 2,702.00 2,094.00 29% 3,270.00 110% 19.23 18.98 17.46 20.91 16.20 4% 0.00% 36.98
DIST 6 Sep 178.90 300.00 1,949.46 1,156.79 69% 21,512.68 18% 13.00 13.77 71.71 2.49 2.50 1% 10.19% (1.98)
KFP 6 Sep 138.10 8.50 10.15 (53.80) 119% 300.43 7% 2.39 57.81 35.34 3.91 - 0% 27.26% (8.83)
TSML* 6 Sep 191.10 15.00 48.25 86.78 -44% 625.48 15% 13.00 14.70 41.70 4.58 8.00 4% 1.48% 1.47
LAMB 6 Sep 69.80 31.40 12.77 5.15 148% 499.16 5% 0.81 85.79 15.90 4.39 2.00 3% 7.68% 0.40
LION 6 Sep 189.60 80.00 390.87 193.31 102% 3,779.19 21% 9.77 19.40 47.24 4.01 3.00 2% 21.71% (7.90)
LMF 6 Sep 128.80 40.00 46.88 100.98 -54% 1,883.98 5% 2.34 54.95 47.10 2.73 1.13 1% 7.77% (6.30)

Che mic al and Ph ar mac e ut ic al s 14. 47

CIC 6 Sep 151.20 72.90 376.33 151.12 149% 5,357.32 14% 7.94 19.04 56.53 2.67 1.85 1% 71.95% (3.31)
CIC-x 6 Sep 106.40 21.87 376.33 151.12 149% 5,357.32 14% 7.94 13.40 56.53 1.88 1.85 2% 71.95% (3.31)
HAYC* 6 Sep 176.00 29.71 304.78 268.55 13% 2,516.07 24% 17.78 9.90 84.68 2.08 5.00 3% 3.29% 2.71

Con st ruc ti on and En gin eer i ng 12. 37

DOCK* 9 Sep 269.00 68.44 1,341.50 1,820.08 -26% 6,972.06 26% 21.75 12.37 101.88 2.64 8.00 3% 18.25% 71.05

Diver si fi ed 25. 48
CARS 6 Sep 531.00 196.39 1,952.56 1,928.95 1% 20,563.43 19% 19.88 26.70 104.71 5.07 2.00 0% 58.74% (5.04)
HAYL 6 Sep 350.00 75.00 490.50 552.59 -11% 15,627.51 6% 13.08 26.76 208.37 1.68 4.00 1% 29.56% (88.36)
HHL 6 Sep 46.70 512.04 586.25 315.06 86% 8,196.69 14% 2.29 20.39 16.01 2.92 0.45 1% 45.21% 2.09 BU Y
JKH* 6 Sep 295.00 623.14 3,937.81 1,225.93 221% 53,471.81 15% 12.11 24.36 85.81 3.44 2.00 1% 25.73% 25.91
RICH 6 Sep 13.10 1,935.48 704.74 (150.56) 568% 4,406.39 32% 0.73 17.99 2.28 5.75 0.07 1% 69.21% (1.03)
SPEN 6 Sep 189.10 406.00 1,046.01 763.88 37% 20,103.24 10% 5.15 36.70 49.52 3.82 0.67 0% 32.72% 4.33

Foo twe ar and Te xt il es 34. 44

ODEL 6 Sep 47.80 144.95 100.60 68.00 48% 1,547.86 13% 1.39 34.44 10.68 4.48 - 0% 20.86% (2.01)

Healt hc are 18. 86

AMSL 6 Sep 9.10 528.46 124.94 69.22 80% 1,809.52 14% 0.47 19.25 3.42 2.66 0.10 1% 48.70% (0.34)
LHCL 9 Sep 32.70 223.73 168.25 30.89 445% 2,175.84 10% 1.00 32.61 9.73 3.36 - 0% 13.46% 1.45
NHL ** 6 Sep 3.90 1,409.51 985.69 (19.47) 5162% 2,853.78 41% 0.82 4.73 2.02 1.93 0.05 1% 22.01% (0.21)

Hot el s an d Travel s 61. 00

AHPL 6 Sep 190.00 221.39 514.31 176.08 192% 12,457.19 8% 4.65 40.89 56.27 3.38 2.00 1% 2.71% 1.80
AHUN ** 6 Sep 109.40 336.29 156.37 (120.66) 230% 8,127.96 5% 1.12 98.03 24.17 4.53 1.50 1% 45.72% 6.87
KHL* 6 Sep 19.40 1,456.15 (203.55) (355.65) 43% 10,999.95 -4% 0.44 44.09 7.55 2.57 - 0% 34.14% (0.85)
SHOT 6 Sep 120.00 12.08 25.11 (13.55) 285% 822.27 6% 2.82 42.63 46.09 2.60 - 0% 94.57% 11.48
SHOT-x 6 Sep 102.00 5.76 25.11 (13.55) 285% 822.27 6% 2.82 36.23 46.09 2.21 - 0% 94.57% 11.48
STAF 6 Sep 62.50 31.62 (16.52) 15.71 -205% 645.94 -5% (1.04) (59.82) 20.43 3.06 0.50 1% 52.59% (0.46)
CHOT 6 Sep 38.50 171.83 (16.70) (28.69) 42% 4,720.40 -1% (0.19) (198.09) 27.47 1.40 - 0% 1.36% (0.31)
In ve stme n t Tru st 10. 43

mths QTR Mkt. Pri c e Share s 2010 2009 Gro wth Ne t A sse ts R OE EPS A nnuali se d BV PBV DPS DY De bt/Equ it y Cash Pe r
14-Jan-11 ( Mn ) NP (mn) NP ( mn) % ( mn) PER Shar e
GUAR 6 Sep 251.60 82.09 1,979.89 713.04 178% 13,430.46 29% 24.12 10.43 163.61 1.54 9.00 4% 0.00% (0.08)

Lan d and Pr o pe r ty 59. 59

OSEA 9 Sep 18.10 843.48 192.14 79.28 142% 12,382.39 2% 0.30 59.59 14.68 1.23 0.30 2% 23.53% 0.56

Manufac tur in g 18. 99

ACL 6 Sep 90.10 59.89 103.96 35.31 194% 3,896.25 5% 3.40 26.50 65.05 1.39 - 0% 50.94% (1.87)
DIPD 6 Sep 119.40 59.86 152.44 112.37 36% 3,290.46 9% 5.09 23.44 54.97 2.17 2.25 2% 46.48% (43.48)
GRAN 9 Sep 131.00 60.00 298.04 91.44 226% 2,075.79 19% 6.62 19.78 34.60 3.79 - 0% 23.76% 0.80
GLAS 6 Sep 7.90 950.09 210.19 (117.99) 278% 2,425.15 17% 0.44 17.85 2.55 3.09 - 0% 124.44% (0.22)
LLUB* 9 Sep 170.10 120.00 1,183.60 1,118.96 6% 2,639.85 60% 12.66 13.44 22.00 7.73 12.00 7% 0.00% 5.10
LWL ** 6 Sep 149.80 45.50 19.94 115.67 -83% 3,090.42 8% 5.29 28.30 67.92 2.21 2.00 1% 41.23% 3.22
RCL ** 9 Dec 159.80 55.39 1,019.39 650.07 57% 4,628.75 28% 23.42 6.82 83.56 1.91 5.00 3% 35.42% (6.43) BU Y
TILE 6 Sep 134.30 53.05 207.69 117.92 76% 2,018.74 21% 7.83 17.15 38.05 3.53 2.50 2% 7.87% 1.67
SUGA ** 6 Sep 30.10 67.98 216.39 457.63 -53% 1,621.62 1% 0.24 124.82 23.86 1.26 - 0% 86.82% (6.25)
TKYO* 6 Sep 59.90 202.50 534.84 83.15 543% 5,565.30 19% 3.40 17.62 18.32 3.27 1.65 3% 60.73% 0.73 BU Y
TKYO-x* 6 Sep 44.10 101.25 534.84 83.15 543% 5,565.30 19% 3.40 12.97 18.32 2.41 1.65 4% 60.73% 0.73

Mo to rs 12. 86
DIMO 6 Sep 1,438.20 8.70 486.80 19.31 2420% 2,652.92 37% 111.88 12.86 304.85 4.72 5.00 0% 21.38% (43.72)

Oil Pal ms 23. 62

BUKI 6 Sep 849.40 102.00 1,833.96 2,130.69 -14% 13,211.88 28% 35.96 23.62 129.53 6.56 9.00 1% 92.68% (9.33)

Pl ant at io ns 13. 00
BALA 9 Sep 61.40 23.64 170.07 186.39 -9% 1,380.24 16% 9.59 6.40 58.39 1.05 1.25 2% 14.71% 18.58
KGAL* 6 Sep 195.10 25.00 340.21 0.19 176176% 1,974.45 34% 24.25 8.05 78.98 2.47 3.00 2% 33.11% 34.28
WATA* 6 Sep 29.00 236.67 156.97 46.89 235% 2,136.02 15% 2.22 13.06 9.03 3.21 2.75 9% 24.81% (1.35)
KOTA* 6 Sep 147.40 32.00 254.15 4.87 5122% 1,939.01 24% 14.51 10.16 60.59 2.43 3.00 3% 75.31% 5.01
KVAL 9 Sep 167.00 34.00 155.49 (221.35) 170% 1,678.08 12% 6.10 27.39 49.36 3.38 1.00 1% 40.45% 2.87

Po we r and Ene rgy 13. 04

HPWR 6 Sep 37.30 125.20 197.04 (0.92) 21509% 2,538.15 16% 3.15 11.85 20.27 1.84 1.30 3% 19.18% 1.26 BU Y
VPEL 6 Sep 10.60 747.11 246.31 300.88 -18% 1,724.32 29% 0.66 16.08 2.31 4.59 - 0% 12.72% 0.09
VLL 6 Sep 7.20 432.88 112.50 84.58 33% 709.68 32% 0.52 13.85 1.64 4.39 0.10 1% 0.00% 0.03
LIOC 6 Sep 20.60 532.53 385.49 (1,059.68) 136% 8,720.19 9% 1.45 14.23 16.38 1.26 - 0% 94.83% 1.60
LGL 9 Dec 45.10 335.00 750.25 386.86 94% 6,094.23 16% 2.58 17.45 15.75 2.86 - 0% 0.37% 5.16
LGL-x 9 Dec 34.20 52.00 750.25 386.86 94% 6,094.23 16% 2.58 13.23 15.75 2.17 - 0% 0.37% 5.16

Te l e c o mmu nic at io n s 24. 56

DIAL* 9 Sep 11.70 8,143.78 3,515.12 (10,739.54) 133% 27,873.40 17% 0.55 21.27 3.42 3.42 - 0% 88.52% 0.38
SLTL 9 Sep 49.40 1,804.86 2,401.00 1,164.00 106% 48,605.00 7% 1.77 27.85 26.93 1.83 0.25 1% 16.01% 4.02

Tradi ng 14. 19
BRWN 6 Sep 255.60 70.88 950.59 (7.66) 12518% 10,366.58 18% 37.40 6.83 146.27 1.75 1.32 1% 21.44% 0.99 BU Y
SINS 9 Sep 200.00 62.60 435.93 9.16 4662% 3,390.82 17% 9.28 21.54 54.16 3.69 1.00 1% 107.53% (7.83)

* Fo r e c ast EPS .
** EPS adj u st e d fo r c yc l i c al it y
BRWN
The company has exceptional unrealised gains on the investment in 13.2 Mn shares in HNB. A gain of Rs 1.2 Bn will be recorded in FY10/11Q3 on account of the sale of 5.7 Mn
shares of HNB. The demand for electronic products and agricultural equipment are expected to improve in view of reduction in taxes and general economic recovery.

CFIN
Company is expected to do well in the low interest rate scenario. An increase in business activity is expected in view of the increase in demand for vehicles with the reduction in
taxes. In addition the company can benefit form the growth in SME sector throughout the country over the next 3 years.

HHL
The growth in profits witnessed in 1HFY10/11 is expected to continue with the 2HFY10/11 led by the hotel sector performance during the December season. FMCG and healthcare
sectors are also expected to continue profit growth. Power sector will also be impressive despite the dry season which will reduce the profits from the mini-hydro sector.

TKYO
An exceptional growth in profit is expected in FY10/11 in view of the growth in demand from increased construction activity and relatively low raw material prices. The growth
momentum is likely to continue over the next 3 years. The bio mass power plant seems to have reduced the electricity cost.

HPWR
Profits have increased exceptionally in FY10/11H1. Both hydro and thermal sectors have improved performance. The newly acquired mini-hydro company and heavy rainfall have
contributed to the hydro sector performance while the lower maintenance (overhaul) costs have contributed for the improvement in thermal sector.

RCL
The company has recorded a substantial growth in profits for FY10/11Q3. Although the performance of subsidiaries have declined, the Group profits are still impressive and the
growth is expected to continue in FY11/12 with the boom in the construction sector in Sri Lanka. The P/E valuation is at a significant discount to the market P/E.
 N D B Stockbrokers (Pvt) Ltd
5th Floor
# 40, NDB Building
Nawam Mawatha
Colombo 02
Tel: +94 11 2314170
Fax: +94 11 2314180
+94 11 2314181

Prasansani Mendis
prasansini@ndbs.lk

Research Sales

Waruna Singappuli Gihan

Gihan R. Cooray
waruna@ndbs.lk gihan@ndbs.lk

Viranthi Kumarage Aroos Faleel

viranthi@ndbs.lk aroosfaleel@ndbs.lk

Ranmini Vithanagamage Channaka Munasinghe

ranmini@ndbs.lk channaka@ndbs.lk

Damith Wasantha Auburn Senn

damith@ndbs.lk
damith@ndbs.lk auburn@ndbs.lk

Jayantha
Jayantha Samarasinghe
jayantha@ndbs.lk

Sidath Kalyanaratne
sidath@ndbs.lk

Uditha De Silva
uditha@ndbs.lk

Taamara De Silva
taamara@ndbs.lk
taamara@ndbs.lk

The information contained in this update has been compiled or arrived at based on information obtained from sources believed to
be reliable. However, we do not make any representation as to its accuracy.