Sri Lanka Top Stocks and Market Overview

CAL's Sri Lanka Top Stocks and Market Overview

1. CAL's Stock Views: A few worthy notes
 

 a) Hatton National Bank Voting [HNB.N0000] 1-year total return of +42%: BUY
 

 b) Commercial Bank Voting [COMB.N0000] 1-year total return of +38%: BUY
 

 c) Piramal Glass Ceylon [GLAS.N0000] to deliver +30% in total returns FY13E: BUY
 

 d) Dialog Axiata [DIAL.N0000] to deliver +20% in total returns 2013E: BUY
 

 e) COCO Lanka [COCO.N0000] LKR 37: BUY
 

 f) Lion Breweries [LION.N0000] fair value LKR 274: HOLD
 

 g) John Keells Holdings [JKH.N0000] trades at a 21% premium to CAL's fair value of LKR 178: SELL

 

2. CSE poised to provide +20% returns for 1 year investors
 

 a)      CAL estimates a 17% market earnings growth in FY13, plus a dividend yield of 3%

3. Sri Lanka Economic Outlook Relatively Strong: +6% GDP growth through 2014 

source - CAL Research