Comparison - Performance of Hotel shares Vs All Share Price Index

(S.L.S.Picks)We have selected a basket of 08 hotels (which have more investor interest among companies in the Hotel's sector) listed in Colombo Stock Exchange for this comparison.

Chart No 01 

• Chart No 01 shows that the performance of all these hotels were in par with ASI during the latter part of year 2009. 

• Since then Marawila Hotel (MARA) & Light House Hotel (LHL) clearly under performed to the ASI over the past 01 year period. 

• Performance of the Keels Hotel were above the ASI until March 2010 ( Before the rights issue) & latter under perform to the market. This may be due to the increased liquidity of the share after the successful rights issue by the company.

• Performance of the Sigiriya Village Hotel (SIGV) has above the market ASI since end of MAY 2010. SIGV has recorded an impressive growth of almost 275% for this period.

• Light house Hotel has room for the future growth in medium to long term together with Hotel Marawila & Keels Hotel.

Chart No 02

• As in the Hotels listed in chart No 01, performance of all these hotels were in par with ASI in latter part of the year 2009.

• Since then Mahaweli Reach Hotel has under perform to the market ASI for the past 01 year period.However during the last couple of days MRH performance has come close to the ASI performance & it has touched the ASI line as at end of today's trading session.

• Performance of all other Hotels are above the performance of ASI for this period.

• Hotel Reefcomber (REEF) has recorded an impressive growth of above 200% for this period.

Chart No 01 & Chart No 02

As per the past performance of  these listed hotels Light House Hotel, Hotel Marawila & Keels Hotels have still under performed to the ASI.

* Share performances as at end of 21/07/2010

* period last 12 months


data - cdax