Our in-depth knowledge of the competitive share markets have been accumulated in the form of the following reports. The intensive research that has gone into each one of these reports have furthered our understanding and helped us stay competitive.
The Colombo bourse witnessed a rollercoaster ride during the week portraying the unstable nature of the once world best performing stock market. The All share index dipped 31.8 points (-0.6%) WoW to conclude at 5,285.2 whilst the more liquid Milanka index also dipped 77.7 points (-1.7%) WoW to close at 4,549.4. Indices dipped mainly on the losses recorded by DIMO (-15.7% WoW), Environmental Resources Investments (-19.4% WoW), Distilleries Lanka (-3.8% WoW), Peoples Leasing Company (-6.4% WoW) and Lanka Orix Finance Company (-8.8% WoW).
Asian Hotels and properties PLC (AHPL), a premier in the Sri Lankan
hotel sector is 78.6% owned subsidiary of the conglomerate John
Keells Holdings (JKH).The group operation sphere encapsulates of
both a hotel arm comprising of the two five star city hotels
Cinnamon Grand and Cinnamon lakeside and a property
development arm.
Tile star Royal Ceramics Lanka PLC (RCL) focused its efforts
on being a brand leader in its industry. The new entrant to
the Milanka Price Index has interests in porcelain tiles
ceramic tiles, bathware and newly to paints & allied
products
Hatton National Bank (HNB) is the second largest private Licensed Commercial Bank in Sri Lanka with an asset base of LKR379 bn as at end September 2011. Bank, together with its subsidiaries, provides banking and related services in Sri Lanka and internationally.
We initiate our coverage of Tokyo cement with a strong buy
recommendation in lieu of its financial strength and its strong
growth prospects. Despite the accelerated post-war growth of the
construction sector, Tokyo’s stock is trading at a discount
reflecting a 6-year revenue and EPS CAGR of 12.6% and 5%
respectively.
Despite the weak global outlook, the volatile situation that is currently prevailing in the region surrounding the Strait of Hormuz through which almost 20% of the world’s oil requirements pass through has triggered a flurry of precautionary demand which has pushed a barrel of crude oil above USD110.