Ceylon Asset Management

2010-03-08 Top 10 Index 1560.82 4.26 0.27% YTD 1.65%

ASPI 3835.06 10.89 0.28% YTD 13.28%

MPI 4393.89 6.26 0.14%

Ceylon Index Fund Create :30.46 /Redeem :29.16

Treasury Savings Fund Create :10.89 /Redeem :10.89 John Keells Holdings 168.00 -0.50 -0.30%

Sri Lanka Telecom 37.50 0.25 0.67%

Dialog Telekom 7.00 0.00 0.00% Carsons Cumberbatch 550.00 9.25 1.71%

Commercial Bank 191.75 -0.55 -0.29%

Distilleries Company of Sri Lanka 118.00 0.00 0.00% Aitken Spence Holdings 1390.00 0.00 0.00% HNB 179.00 -1.00 -0.56%

John Keells Hotels 27.00 0.75 2.86%

Asian Hotels & Properties 134.00 0.25 0.19%

“With the war coming to a close, there is a lot of interest in Sri Lanka. It is like the hottest place to invest your money,"

The Templeton Funds invested 875 million dollars in SL Government Bonds in August 2009 Mark Mobius - Chairman

“I have seen that when a long war like this ends, there rise enormous opportunities for investment. Sri Lanka will need
to be rebuilt now and there’s little capital within the country.” Jim Rogers - Co-Founder of the Quantum Fund

Ceylon Asset Management

Ceylon Asset Management is the only Index Fund Management Company in Sri Lanka with a track record of over a decade. Based on experience and research Ceylon Asset Management has developed an in-house investible index, the Colombo Top 10 Index (TOP 10 Index), which consists of ten top performing companies listed on the Colombo Stock Exchange (CSE). Ceylon Asset Management is licensed by the Securities and Exchange Commission of Sri Lanka. Click here to view our Board of Directors and Investment Committee.

The Company manages two funds:

A Growth (Equity) Fund that invests 95% of its assets in the CSE listed companies included in the TOP 10 Index.

A Fixed Income Fund that invests 100% in Government Securities (Treasury Bills).

Bloomberg Code - Ceylon Index Fund – CEYINDF:SL

All your returns are TAX FREE. All distributions and capital gains from both funds are free of tax.

Colombo Top 10 Index (TOP 10 Index)

The TOP 10 Index is an in house index, comprising of ten leading companies listed on the CSE selected by an expert investment committee reviewed quarterly. The TOP 10 Index captures approximately 43% of the total CSE Market Capitalisation. The TOP 10 Index has gained 87.32% during 2009. For more information please click on TOP 10 Index above.

Economy & Stock Market

"Economic growth to double in 2010” - Michael Preiss

Economic Advisor-Ceylon Asset Management

Another Record CSE Performance
in 2010?

A strong tourism season expected during December to March

The participation of the North and East Provinces in the economy for the first time

Accelerated infrastructure development in Highways, Power generation, Ports etc

The Sri Lankan Rupee is expected to strengthen against the US Dollar

Positive news about Sri Lanka will attract global investors

Right click on the graph to view full screen

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The Colombo Top 10 Index (TOP 10)
Company name	Share price	No of shares issued	Market Capitalization	Market Capital %
John Keells Holdings	168.00	614,458,969	103,382,721,534	20.98
Sri Lanka Telecom	37.50	1,804,860,000	71,291,970,000	14.66
Dialog Telekom	7.00	8,143,778,405	57,006,448,835	11.72
Carsons Cumberbatch	550.00	96,268,095	53,428,792,725	10.97
Commercial Bank	191.75	233,876,685	46,249,114,459	8.31
Distilleries Company of Sri Lanka	118.00	300,000,000	34,950,000,000	7.18
Aitken Spence Holdings	1,390.00	27,066,403	35,186,323,900	7.22
HNB	179.00	189,642,164	33,756,305,192	6.92
John Keells Hotels	27.00	1,092,110,085	32,763,302,550	6.66
Asian Hotels & Properties	134.00	221,387,650	27,009,293,300	5.46
Total			495,024,272,495	100

JKH is a top performing stock on the Colombo Bourse. Through years of careful diversification the company now offers excellent exposure to high growth sectors in the economy including exclusive access to the Colombo port as well as leisure, financial services and prime real estate projects in Colombo.

The largest telecom operator in the country, 45% owned by the Maxis Communications Group (Malaysia) and 49.5% owned by the Government. While being the undisputed leader in fixed line and data operations, its mobile arm Mobitel has launched 3G technology and is catching up with competition in the mass-market prepaid sector, promising strong future earning capacity.

A subsidiary of Axiata Group (Telecom Malaysia), Dialog enjoys the majority market share in the mobile telephone market with its tech savvy, drive for innovation in service and coverage. It has launched Dialog TV successfully and engaged in a cost-cutting exercise to sharpen its competitive edge.

Carson Cumberbatch PLC is the holding company of a group of businesses. Its main lines of business include oil palm plantation, beverage, investment holdings, real estate and leisure sectors. Its subsidiaries include Ceylon Guardian Investment Trust PLC, Ceylon Investment PLC, Ceylon Brewery PLC and Lion Brewery (Ceylon) PLC. The leisure sector holds the passenger general sales agencies of Air France, KLM Royal Dutch Airlines and Northwest Airlines USA.

The largest commercial bank listed on the Bourse is a financial powerhouse recognized for its sound corporate strategies, operational management and low NPL ratio, giving it a competitive edge in the industry. Its timely investments in technology enable it to enjoy one of the lowest cost to income ratios in the industry with 170 branches and 333 ATMs.Following the recent collapse of a leading Finance Company, established local banks have benefited from the deposit migration.

Controlling over 75% of the legal hard liquor market, Distilleries is the premier distiller in the island. The cash-rich company with an aggressive acquisition drive has diversified itself into several high growth sectors in the Sri Lankan economy.

Aitken Spence is the industry leader in the leisure sector owning some of the best hotels across the country. It has other diversified interests in shipping, logistics, printing, plantation, power generation, garment manufacture and insurance, providing exposure to some key growth sectors. The company is geared to penetrate regional markets having entered the Maldives and the high growth Indian market.

In existence since 1888, HNB specializes in banking services to businesses and professional intermediaries looking for end-to end solutions. The bank with its widespread branch distribution network and its own corporate headquarters building is well positioned in a stable and mature industry. HNB has been a forerunner in development banking and international trade activities.

The largest hotelier in Sri Lanka since 1979 and one of the leaders of present day tourism in the country offering the finest vacation destinations in Sri Lanka (outside of Colombo) and in the Maldives. Two indigenous brands - "Cinnamon Hotels & Resorts" and "Chaaya

The company operates the Cinnamon Grand and the Cinnamon Lakeside hotels, to control 40% of 5-star room supply in Colombo. It also promoted three residential and commercial property developments - Crescat, Monarch and Emperor in Colombo. The company incorporated in 1993, offers exposure into prime real estate and tourism opportunities in the city.