Musings On Investing in Sri Lanka
Embedded Files
NDBS prediction on PKME 30 Oct
NDBS prediction on PKME 30 Oct
PKME has been one of the most successful stock offerings in recent times. In two years the price has gone up from 36 to 150+
NDBS prediction: 12-month target price of LKR 194 (+30% upside, c.33% total return) from the CMP of LKR 150.
The NTB pricing puzzle 25 Oct
The NTB pricing puzzle 25 Oct
The latest NTB prices are: Voting Rs 294 and Non Voting Rs. 336. Why non voting shares have always commanded a massive premium over voting shares is a puzzle. They yield the same dividend and the NV shares can be converted to voting in a restricted manner at a 1:1 ratio. The only plausible reason seem to be some investors - maybe due to regulatory constraints - cannot hold voting shares beyond a certain limit.
Anyway, the recently announced rights issue where all shareholder are allotted NV at Rs. 305 seems to offer a chance for voting shareholders to arbitrage the price difference. Will that work after the rights issue??
Following is a Perplexity Finance projection of post-Rights prices:
Scenario Expected NTB.X ex-rights Expected NTB.N ex-rights
Current NTB.X premium persists Rs. 330.3 Rs. 290.6
Premium fully disappears Rs. 295.3 Rs. 295.3
Future of the market 22 Oct
Future of the market 22 Oct
With the drawdown exceeding 20% the market is in bear territory. There is no catalyst in sight for a turnaround and the war in the middle east could re-ignite any time in November. We can expect the market to test the support at 17000 levels by the year end.
CTC and AEL by NDB 12th Oct
CTC and AEL by NDB 12th Oct
"We initiate coverage on Ceylon Tobacco Company PLC with a BUY rating and a 12-month target price of LKR 2,117, implying 19% upside (~29% total return) from the current market price
"We recommend to maintain BUY rating on Access Engineering PLC (AEL.N0000), with a 12-month target price of LKR 93.2. This implies 19% upside (~24% total return) for AEL.N0000 from the current market price (CMP) of LKR 78.30."
Top 10 DY Companies Oct 8
Top 10 DY Companies Oct 8
Stock Market_Cap Growth_Pct Return_on_Equity PE_Ratio Dividend_Yield
1 CTC 333577 2% 270% 11.30 8.7%
2 BOPL 5854 129% 20% 6.50 8.6%
3 PLC 39719 13% 11% 6.70 8.0%
4 LLUB 49740 30% 51% 10.50 7.7%
5 SAMP 164178 14% 18% 4.70 7.4%
6 AAIC 24490 7% 34% 5.00 6.8%
7 TAFL 14710 102% 21% 7.30 6.4%
8 SEYB-x 22071 11% 15% 3.30 6.0%
9 CDB-x 3010 14% 16% 4.60 6.0%
10 COMB-x 17884 14% 19% 4.70 5.7%
Top 10 Market Cap Companies Oct 8
Top 10 Market Cap Companies Oct 8
Stock Market_Cap Growth_Pct Return_on_Equity PE_Ratio Dividend_Yield
1 DIAL 420455 110% 34% 13.60 3.1%
2 CTC 333577 2% 270% 11.30 8.7%
3 COMB 314540 14% 19% 5.20 5.2%
4 DIST 242880 -7% 79% 14.80 5.7%
5 MELS 210937 3% 12% 10.40 4.5%
6 LOLC 208732 34% 8% 6.40
7 HAYL 179471 137% 14% 11.10 2.5%
8 HNB 176033 -3% 15% 4.70 5.2%
9 CARG 171935 13% 27% 15.80 2.8%
10 SAMP 164178 14% 18% 4.70 7.4%
NDBS investment advice
NDBS investment advice
Lets see how these work out!
Sep 16: LION TP 2136 in 12 months. CMP 1800
July 6: CIC.N TP 41 and CIC.X TO 32 in 12 months. CMP 31.50 and 25.80
July 1: LMF TP 112. CMP 87.90
SIRA.N0000 News on $3mln investments 20 Aug
SIRA.N0000 News on $3mln investments 20 Aug
Sierra Cables financial performance improved strongly in FY2024/25, and the available first-half FY2025/26 figures indicate that growth accelerated further.
At LKR 31.30, using FY2024/25 EPS of LKR 1.68, the trailing P/E would be approximately 18.6×. Using the reported net asset value of LKR 11.56, the price-to-book ratio would be approximately 2.7×.
An independent-adviser report in April 2025 projected FCFF figures of approximately LKR 256 million, LKR 1.158 billion, LKR 1.283 billion, LKR 1.366 billion, and LKR 1.627 billion across the valuation period. Those are valuation projections
CALU.U0000 CAL 3 year closed end fund
CALU.U0000 CAL 3 year closed end fund
Commencement 19 February 2026. Initial NAV 10.25. NAV on 3.8.26: 10.59
The annualized gain is 7.5%
CALC.U0000 CAL 5 year closed end fund
CALC.U0000 CAL 5 year closed end fund
Commencement 20 March 2025. Initial NAV 10.76. NAV on 3.8.26: 12.01
The annualized gain is 8.3%
CALI.U0000 CAL 5 year optimum fund
CALI.U0000 CAL 5 year optimum fund
Close-ended fixed income fund that invests in Government securities, Corporate Debt, Securitized papers, etc
Commencement 1 Feb 2024. Initial NAV 11.40. NAV on 3.8.26 is 15.16.
The annualized gain is 12.0%
NDBS stock predictions
NDBS stock predictions
July 22 2026: HHL 12 month forecast 29% increase to 40
July 20 2026: HAYC 12 month forecast 24% increase to 218
Page updated
Report abuse