Nestle Lanka [NEST: LKR1901.9] ANALYST SIGNAL: ‘‘UNDERWEIGHT’’ EARNINGS TALK: Nestle Lanka [NEST: LKR1901.9], concluded 1Q2013 with net earnings up 98% YoY at LKR914 mn. Gross margin improved by 210 bps YoY and 100 bps QoQ to 35% while operating profit margin recorded 14.4% cf 8.8% during 1Q2012. Net earnings dipped 3.8% on a QoQ [...]
Daily Trade Journal – CSE Diary for 20.05.2013 Indices extending its upward drive: The bourse sustained its rally today with notable buying pressure across the board. During the early morning session, ASPI rushed on the rally to reach 103 points. However it lost momentum during the mid-day to denote a market correction and eventually [...]
Daily Trade Journal – CSE Diary for 17.05.2013 Indices on a strong upward climb: The bourse saw a strong upward climb with the banking and finance sector outweighing the rest with a 50% contribution to turnover. The ASPI touched 6437.27 points (+150 points) before settling with a gain of 93 points at 6380.7 [...]
Daily Trade Journal – CSE Diary for 16.05.2013 Index jumps 66 points: The Colombo stocks saw a continuous uptrend today driven by the large cap counters regaining institutional, high net worth and foreign interest. The surge in the index was heavily weighted upon John Keells Holdings, Ceylon Tobacco Company, Lanka Orix Leasing, Commercial Bank [...]
Ceylon Grain Elevators [GRAN: LKR51.1] ANALYST SIGNAL: ‘‘UNDERWEIGHT’’ EARNINGS TALK: Ceylon Grain Elevators [GRAN: LKR51.1] concluded 1Q2013 with net earnings growth of 220% YoY at LKR17.5 mn. Gross margin dipped 500 bps to 4% during 1Q2013 while EBIT margin dipped 400 bps YoY to 2% GRAN battled the quarter with the price control of [...]
Daily Trade Journal – CSE Diary for 15.05.2013 Bourse reverts back to the green: The benchmark index moved on a volatile note with renewed buying interest leading to a gain of 14 points at 6,221.12 points. BFI sector and Diversified sectors continued dominancy, adding 62% to the turnover. Gains denoted in heavy weights; Nestle [...]
Piramal Glass [GLAS: LKR6.6] ANALYST SIGNAL: ‘‘LT BUY’’ EARNINGS TALK: Piramal Glass [GLAS: LKR6.6], the sole flacconage glass manufacturer in Sri Lanka concluded 4QFY13 with net earnings growth of 11% YoY at LKR110 mn while full year earnings grew 6% YoY to LKR724 mn. GP margin saw an improvement of 100 bps YoY to 29% [...]
Daily Trade Journal – CSE Diary for 13.05.2013 Indices on a corrective pattern: The bourse displayed signs of consolidation today where it traded on a restricted band during trading. Morning session witnessed continued selling pressure where the index dropped by 40 points, leading to an eventual recovery in the late trading session to settle [...]
Daily Trade Journal – CSE Diary for 10.05.2013 Indices denoted a corrective pattern: After the extended rally, the Bourse denoted selling pressure today where it dropped by 40 points from a day’s high of 6,288.00. However, ASPI ended positive at 6,250.0 with a gain of 11 points, creating a technically termed “pin bar”. Gained [...]
CSE Diary for 09.05.2013 Indices continued on an upward trajectory: The bourse extended gains with heavy focus on the banking and finance sector whilst touching a peak of 6,258.26 points (+40 points) during latter trading hours. Profit taking in selected counters led the benchmark index to close with a lesser gain of 28 points [...]
Daily Trade Journal – CSE Diary for 08.05.2013 High volatility in the index: The bourse continued its strong momentum in the early morning trading session. However the market dropped nearly 60 points due to a heavy sell-off and in mid and latter part of the day the bourse recovered successfully to end on a [...]
Daily Trade Journal – CSE Diary for 07.05.2013 Bullish sentiment stays strong: The market continued with overwhelming buying interest with most investors actively getting back into the market. A strong uptrend was observed in the index throughout the day as the index surpassed the 6,200 mark closing at 6,201 up 80 points. Gains made [...]