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2014 NOVEMBER Edition
Market Update
and Fund Review
Dear valued Investor,
We are pleased to present the final edition of the Prosper newsletter for the year 2014.
We are delighted that we have been able to generate exceptional returns during the year and wish to reiterate our commitment to
continued prudent investment strategies in order to ensure that your funds generate best returns at all times.
Amana Takaful looks forward to serving your Family Takaful and long term financial planning needs in 2015 as well and anticipate
a year of renewed financial markets and vibrant development.
We wish you and your loved ones a prosperous and achievement filled 2015.
Yours truly,
Amana Takaful Prosper Team
Benchmark
Asset Allocation
(Equity:Non Equity)
for the month
November 2014
Return
for the Year
Last 12 month Return
(November13 –14)
Amana Takaful – Volatile multiple fund
Amana Takaful – Growth multiple fund
Amana Takaful – Stable multiple fund
Amana Takaful – Protected multiple fund*
90%:10%
60%:40%
10%:90%
0%:100%
21.80%
22.72%
8.27%
7.03%
19.57%
14.39%
6.11%
8.51%
20.07%
14.84%
6.37%
8.58%
ASPI
S&PSL20
100%:0%
100%:0%
-28.32%
-34.08%
19.24%
19.86%
20.14%
20.99%
Annualized Return
* Inception of the Protected Multiple Fund was on October 2012 | Source: www.cse.lk and AMANA Capital Data
Top 4 Equity Holdings as at November 30, 2014
Volatile Multiple Fund
Growth Multiple Fund
Top 5 White List Stock Performance
for the month of November 2014
ODEL PLC
6.2%
Access Engineering PLC
3.8%
• Renuka Shaw Wallace
Lanka IOC PLC
2.0%
Sunshine Holdings PLC
• Sunshine Holdings PLC
Tokyo Cement Lanka PLC
1.9%
Textured Jersey PLC
• Textured Jersey PLC
Chevron Lubricants PLC
1.4%
•
Access Engineering PLC
• Access Engineering PLC
•
Singer Sri Lanka PLC
•
•
Source: www.cse.lk and AMANA Capital Data
Prosper Price Performance Vs ASPI
[ PAGE 01]
Stock Market
As at end
Nov 2014
Month
Quarter
ASPI
7153.90
-2.36%
-1.35%
20.99%
S&PSL20
3971.12
-2.84%
-1.66%
21.67%
+5.67bn
13.48bn
20.52bn
Net foreign
pur/(sales) LKR
Market PE Ratio
19.25×
Market
capitalization
LKR 3.04 Tn
YTD
Source: Colombo Stock Exchange
Fixed Income Market
Last
month
Last
Change
Reverse repurchase rate
(Rate CBSL lends to commercial banks) 8.00%
8.00%
Jan -14
Repo Rate
(Rate which commercial banks
place excess cash with CBSL)
5.52%
5.50%
Nov-14
364 days T Bill
6.00%
6.00%
0.00%
Inflation
1.5%
1.6%
0.1% MoM
Private Sector Credit
4.6%
2.6%
LKR 52.3 Bn
Key Policy Rates
Growth
This
month
(Sep 2014) (Aug 2014)
LKR/USD
(Midpoint average)
131.01
132.40
2.07%
-1.05%
Source: Central Bank of Sri Lanka
Fund Manager’s Report
•
The market momentum got disrupted in November with the announcement of the presidential election. ASPI declined
2.36% during the month while S&P SL 20 fell 2.84%. We expect the volatility to continue with the investors keeping a
close eye on the upcoming election.
•
Despite the volatility in the equity markets, the overall macro outlook for Sri Lanka continues to be stable. At the
auctions held during the month, 1 year interest rate continued to remain stable at 6.00%.
•
Point to point inflation continue to slow down with November reporting +1.5% though MoM inflation accelerated to
+0.1% up from -1.6%. The Food and Beverage (F&B) segment in the basket increased by +0.6% MoM while
recording a YoY growth of 4.9% during the month. Core inflation increased by +0.11% MoM, for the second
consecutive month.
•
Though we are mindful of possible market volatility in the near term, we continue to remain bullish on equities given
the low interest rate regime coupled with attractive valuations on select counters. With this in mind, we continue to
increase the overall equity allocations in the Growth and Volatile funds, by making use market weaknesses.
[ PAGE 02]
White List as of November 2014
Finance and Insurance
Diversified Holdings
Manufacturing
Services
Amana Bank PLC
Expo Lanka Holdings PLC
Abans Electricals PLC
Asia Siyaka Commodities PLC
Amana Takaful PLC
Free Lanka Capital Holdings PLC
ACL Cables PLC
Ceylon Printers PLC
Beverages and Food
PCH Holdings PLC
ACL Plastics PLC
Hunter & Company PLC
Bairaha Farms PLC
Sunshine Holdings PLC
Agstar Fertilizers PLC
Kalamazoo Systems PLC
Ceylon Tea Services PLC
The Colombo Fort Land & Building Co. PLC
Alumex PLC
Lake House Printing & Publishers PLC
Convenience Foods PLC
Healthcare
Central Industries PLC
Power & Energy
Harischandra Mills PLC
Asiri Surgical Hospitals PLC
Ceylon Grain Elevators PLC
Hemas Power PLC
Heladiv Foods PLC
Ceylon Hospitals PLC (Durdans)
Chevron Lubricants Lanka PLC
Lanka IOC
Kotmale Holdings PLC
Nawaloka Hospitals PLC
Dankotuwa Porcelain PLC
Laugfs Gas PLC
Nestle Lanka PLC
The Lanka Hospital Corpoartion PLC
Dipped Products PLC
Panasian Power PLC
Raigam Wayaba Salterns PLC
Land and Property
Hayleys Fibre PLC
Vidullanka PLC
Renuka Agri Foods PLC
City Housing & Real Estate Company PLC
Kelani Cables PLC
Vallibel Power
Renuka Shaw Wallace PLC
Colombo Land & Development Com PLC
Kelani Tyres PLC
Plantations
Tea SmallHolder Factories
CT Land Development PLC
Lanka Cement PLC
Balangoda Plantations PLC
Three Acre Farms PLC
Huejay International Investment PLC
Lanka Ceramic PLC
Elpitiya Plantations PLC
Motors
Serendib Engineering Group PLC
Lanka Floortiles PLC
Hapugastanne Plantations PLC
Colonial Motors PLC
Serendib Land PLC
Lanka Walltiles PLC
Horana Plantations PLC
DIMO PLC
Seylan Developments PLC
Laxapana Batteries PLC
Kahawatte Plantation PLC
Lanka Ashok Leyland PLC
York man Holdings PLC
Piramal Glass Ceylon PLC
Kelani Valley Plantations PLC
Sathosa Motors PLC
Chemicals and Pharmaceuticals
Printcare PLC
Kotagala Plantations PLC
United Motors Lanka PLC
Chemanex PLC
Regnis (Lanka) PLC
Madulsima Plantations PLC
Construction & Engineering
Haycarb PLC
Royal Ceramic Lanka PLC
Malwatte Valley Plantations PLC
Access Engineering PLC
Industrial Asphalts (Ceylon) PLC
Samson International PLC
Maskeliya Plantations Limited
Colombo Dockyard PLC
J.L. Morison Son & Jones (Ceylon) PLC
Sierra Cables PLC
Metropolitan Resource Holdings PLC
Lankem Development PLC
Lankem Ceylon PLC
Singer Industries (Ceylon) PLC
Namunukula Plantation PLC
MTD Walkers PLC
Union Chemical Lanka PLC
Swisstek (Ceylon) PLC
Talawakelle Tea Estate PLC
Footwear and Textiles
Trading
Textured Jersey Lanka PLC
Tess Agro PLC
Ceylon Leather Products PLC
C. W. Mackie PLC
Tokyo Cement (Company) PLC
Udapussellawa Plantation PLC
Kuruwita Textile Mills PLC
Eastern Merchants PLC
Telecommunications
Watawala Plantations PLC
Odel PLC
Office Equipment PLC
Dialog Axiata PLC
Stores & Supplies
Information Technology
Singer (Sri Lanka) PLC
Sri Lanka Telecom PLC
E B Creasy & Company PLC
PC House PLC
Gestetner of Ceylon PLC
Source: AMANA Capital Data
Information contained in this monthly commentary should be used as general advice and
information only. It does not take into account the particular circumstances, investment
objectives and needs for investment of any investor or purport to be comprehensive or
constitute investment advice and should not be relied on as such.
Any action taken to make investments should be after consultation of your investment
manager or professional in investment analyst. Past performance is not an indication of
future performance.
If you are interested in investing in Prosper,
you may reply this mail and
a member of the investment advisory
team will get in touch with you.
SPONSOR
Amana Takaful PLC (PQ23)
660- 1/1, Galle Road, Colombo 03.
Tel: 0117 501 000 | Fax: 0112 597 429
E-mail: [email protected] | Web: www.takaful.lk
FUND MANAGER
AMANA Capital
No. 06, Glen Aber Place,
Colombo - 04. Sri Lanka.
Tel: +94 11 7801000|Fax: +94 11 2556412
E-mail: [email protected]
[ PAGE 03]

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