Daily Alerts: Today by LSL

Last date of acceptance & payment – Rights issue: PEG

Provisional allotment –Rights issue: MGT

XD date: CFIN (LKR 0.70)

Div. payment date: HASU (LKR 2.10), SLTL (LKR 0.85), CSD (LKR  0.10)

Corporate Announcements

Disclosure – BIL: Samudra Beach Resorts (Pvt) Ltd, a fully owned subsidiary of BIL signed an agreement today with BOI, Sri Lanka with regard to constructing of a Star Hotel with 150 Rooms in Kosgoda. Estimated cost of the project is LKR 1.75bn. Project is scheduled to be completed in 2013.

Corporate Disclosure – RCL: RCL acquired 132.6mn shares (51% stake) of Asia Sikaya Commodities at a total consideration of LKR 336.6mn

Local News

·         Nivard says no crisis as some claim; Showcases impressive economic achievements to rebuff critics:

·         Lanka IOC invests $11 m in China Bay tank farm during past decade

·         RAM reaffirms Alliance Finance Company PLC’s ratings at BBB/P2

·         Nawaloka in major expansion drive

Foreign News

·         Oil Trades Near One-Week Low Amid Forecast U.S. Stockpiles at 22-Year High:

·         U.S. Employment Growth Seen Rebounding From Slump