Author Profile: Sri Lanka Equity Analytics 

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Asia seen as growth driver for voluntary CO2 market
By Sri Lanka Equity Analytics
Posted in Markets on 10 March 2010
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Fear of Western-imposed carbon tariffs on goods and services from Asia is likely to drive growth in offsetting emissions by large firms in the region, a voluntary carbon market executive said.

The market, worth USD [...]

Sri Lanka Insurance industry in good shape
By Sri Lanka Equity Analytics
Posted in Markets on 10 March 2010
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The insurance industry has performed well despite the global recession recording growth in the long term and general insurance sectors.
The first quarter of 2010 looks promising for the insurance industry with more investments generating economic [...]

Ceylon Theatres (CTHR) – inspired by the ingrained family values inherited over generations
By Sri Lanka Equity Analytics
Posted in Markets on 5 March 2010
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History

Ceylon Theatres PLC was established in 1928 for the purpose of exhibiting, importing and

distribution of motion pictures, with the late Sir Chittampalam A. Gardiner as its first Chairman
and Managing Director.

Under the guidance [...]

Hatton National Bank (HNB) – Net profit up 58% YoY in FY 2009
By Sri Lanka Equity Analytics
Posted in Markets on 5 March 2010
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HNB income has grown by 6% YoY to LKR 40.5 Bn from LKR 38.5 Bn. The top-line growth of the HNB Group is supported by strong cumulative 1-3Q FY09 performance, which shows an 10% increase YoY [...]

Colombo Dockyard (DOCK): the Odyssey of Excellence….
By Sri Lanka Equity Analytics
Posted in Markets on 3 March 2010
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Ship builder and repairer, Colombo Dockyard (DOCK), has improved its cumulative net earnings by 48% YoY to LKR2,156.6 mn in 2009, albeit the net earnings for 4Q2009 has dipped by 24%YoY to LKR336.5 mn. DOCK’s 4Q2009 net [...]

Nations Trust Bank (NTB): The young and the dynamic…
By Sri Lanka Equity Analytics
Posted in Markets on 2 March 2010
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Nations Trust Bank was established in July 1999 through the acquisition of the Colombo Branch of Overseas Trust Bank Ltd and it has grown in leaps and bounds using acquisition and mergers as its primary growth [...]

SRI LANKA: ASI LEAPS A STEP FORWARD…
By Sri Lanka Equity Analytics
Posted in Markets on 27 February 2010
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With the extended bull run witnessed during this week, we believe the market would consolidate at current levels whilst continuing to generate healthy turnover levels during the coming weeks. We further expect the market to be [...]

Sri Lanka Policy rates not lowered because banks won’t lend’
By Sri Lanka Equity Analytics
Posted in Markets on 24 February 2010
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The Central Bank could have reduced policy rates further but were adamant that caution was best in keeping inflation low but an IMF official in Sri Lanka says another reason not to reduce rates could [...]

Sri Lanka may miss 2010 IMF deficit goal
By Sri Lanka Equity Analytics
Posted in Markets on 24 February 2010
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COLOMBO, Feb 23 – Sri Lanka’s 2010 budget deficit target for 2010 set by the International Monetary Fund as a condition for a $2.6 billion loan will be challenging to meet due to high post-war government spending, [...]

CW Mackie PLC (CWM) – Good Times Ahead!
By Sri Lanka Equity Analytics
Posted in Markets on 21 February 2010
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Salient features 

Share is worth approximately Rs 65/= on the basis of varied valuations. 
One of the largest Exporters of Natural Rubber and Desiccated Coconut in Sri Lanka. Company exports approximately 3,500MT of Crepe Rubber, 4,000MT of [...]

CW Mackie PLC – Good Times Ahead!
By Sri Lanka Equity Analytics
Posted in Markets on 20 February 2010
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Salient features

Share is worth approximately in the range Rs 65/= on the basis of varied valuations.
One of the largest Exporters of Natural Rubber and Desiccated Coconut in Sri Lanka. Company exports approximately 3,500MT of Crepe [...]

Distilleries Company of Sri Lanka (DIST) – Outlook remains positive
By Sri Lanka Equity Analytics
Posted in Markets on 19 February 2010
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Originally set-up as a pioneering distillery, Distilleries Company of Sri Lanka (DIST) has pursued a policy of planned growth which has resulted in its transformation from a cash rich beverage play to a diversified company with exposure [...]

Sri Lanka: Plantation Sector Report
By Sri Lanka Equity Analytics
Posted in Markets on 15 February 2010
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Investment Summary

Sri Lankan tea prices at record high levels: Sri Lankan tea prices marked a strong recovery from 2QFY10 onwards where it touched the highest ever prices in mid September which was recorded at LKR456 per [...]

Sri Lanka: AHUN records 20% top-line growth despite the off season in tourism
By Sri Lanka Equity Analytics
Posted in Markets on 8 February 2010
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Aitken Spence Hotel Holdings’ (AHUN) has recorded a net profit of LKR210.5 mn in 3QFY10 from a loss of LKR105.8 mn in 1HFY10, which is directly attributable to the reviving domestic tourism with higher occupancies and earnings [...]

Colombo Fort Land & Building Company PLC (CFLB) the fully diversified conglomerate
By Sri Lanka Equity Analytics
Posted in Markets on 8 February 2010
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COMPANY PROFILE
The Colombo Fort Land & Building Company PLC is a public limited liability company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange.
The Company was incorporated on 30th April, 1895 [...]

Sri Lanka: Lanka Tiles (TILE) has recorded a staggering 71% YoY growth
By Sri Lanka Equity Analytics
Posted in Markets on 7 February 2010
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Lanka Tiles (TILE: LKR71.75) has recorded a staggering 71% YoY growth in its 3QFY10 net earnings, resulting in an increase in the cumulative 1-3QFY10 net profits by a sharp 27% YoY. This is mainly attributable to the [...]

Sri Lanka: Ceylon Tobacco’s (CTC) net profit has increased by a stunning 60% YoY
By Sri Lanka Equity Analytics
Posted in Markets on 6 February 2010
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CTC’s 2009 net earnings grow by a staggering 49% YoY Ceylon Tobacco’s (CTC) net profit has increased by a stunning 60% YoY to LKR2,020.6 mn in 4Q2009 whilst total earnings for 2009 are also up by a [...]

Sri Lanka: Chemical Industries Colombo (CIC) record an impressive growth
By Sri Lanka Equity Analytics
Posted in Markets on 6 February 2010
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Originally set-up as a Trading House for ICI – UK, Chemical Industries Colombo (CIC) has pursued a policy of planned growth which has resulted in its diversification into a number of fields over the years. The company [...]

SRI LANKA – PLANTATION SHARES MOSTLY UNDERVALUED
By Sri Lanka Equity Analytics
Posted in Markets on 2 February 2010
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SECTOR           -     PLANTATIONS
SECTOR P.E.    -    12.50
MARKET P.E.   -    17.75
Plantation companies in the Colombo Stock Exchange are mostly undervalued at present. Specially if you take past couple of months, Plantation [...]

Sri Lanka CW Mackie bought by Lankem group
By Sri Lanka Equity Analytics
Posted in Markets on 23 January 2010
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Sri Lanka’s Lankem group gained control C W Mackie the one of oldest companies in Sri Lanka through a the purchase of 56.4% shareholdings on Friday. Lankem and it group company Kotagala Plantations purchased [...]