Sri Lankan Potentially Undervalued Companies

Millennium Housing Developers

Market Cap: LK₨1.5b

Engages in the urban and township development business in Sri Lanka.

Asia Capital

Market Cap: LK₨919.3m

An investment holding company, engages in the leisure activities in Sri Lanka.

Softlogic Holdings

Market Cap: LK₨9.1b

Through its subsidiaries, engages in the retail and telecommunications, information technology, healthcare services, financial services, automobile, leisure and property, and human capital businesses in Sri Lanka and internationally.

Abans Electricals

Market Cap: LK₨6.6b

Engages in the manufacturing and assembling of household electrical and electronic appliances in Sri Lanka.

Bukit Darah

Market Cap: LK₨96.8b

Engages in the oil palm plantation, oils and fats, beverage, portfolio and asset management, real estate, leisure, and management businesses in Sri Lanka, Malaysia, Indonesia, Singapore, and Mauritius.

Udapussellawa Plantations

Market Cap: LK₨3.2b

Engages in the cultivation, manufacturing, marketing, and sale of tea, rubber, coconut, and forestry products in Sri Lanka and internationally.

Lanka Ashok Leyland

Market Cap: LK₨13.9b

Imports and assembles semi knocked down chassis in Sri Lanka.

Hayleys Leisure

Market Cap: LK₨4.1b

Through its subsidiaries, operates a chain of hotels and resorts in Sri Lanka and Maldives.

Dialog Axiata

Market Cap: LK₨303.6b

Provides communication and telecommunication infrastructure services to individuals and corporates in Sri Lanka.

Carson Cumberbatch

Market Cap: LK₨136.9b

Engages in the oil palm plantations, oils and fats, beverages, portfolio and asset management, real estate, and leisure business in Sri Lanka, Malaysia, Indonesia, Singapore, and Mauritius.

Kegalle Plantations

Market Cap: LK₨3.6b

Engages in the cultivation, processing, manufacture, and sale of rubber, black tea, coconut, and agricultural products in Sri Lanka.

Union Chemicals Lanka

Market Cap: LK₨2.6b

Manufactures and markets a range of polyvinyl/acrylic emulsions for paint and textile industries, and industrial and domestic use as adhesives in Sri Lanka.

Mahaweli Coconut Plantations

Market Cap: LK₨2.0b

Engages in the cultivation of coconuts, manufacturing of copra, and sale of coconuts and copra.

PGP Glass Ceylon

Market Cap: LK₨55.0b

Manufactures and sells glass bottles in Sri Lanka, India, the United States, and internationally.

John Keells

Market Cap: LK₨5.1b

Engages in the commodity broking businesses in Sri Lanka.

Aitken Spence

Market Cap: LK₨65.7b

Operates as a diversified conglomerate in Sri Lanka, Maldives, and internationally.