Sri Lankan Potentially Undervalued Companies

Millennium Housing Developers

Market Cap: LK₨942.8m

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

Abans Electricals

Market Cap: LK₨8.0b

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

Browns Beach Hotels

Market Cap: LK₨3.4b

Through its subsidiary, Negombo Beach Resorts (Private) Limited, engages in the hoteliering and auxiliary business in Sri Lanka.

Agalawatte Plantations

Market Cap: LK₨9.6b

Agalawatte Plantations PLC cultivates, produce, process, and sells tea, rubber, and oil palm products in Sri Lanka.

LAUGFS Gas

Market Cap: LK₨22.9b

Engages in the import, storage, marketing, distribution, and sale of liquified petroleum gas (LPG) in Sri Lanka, the United Arab Emirates, and internationally.

Kahawatte Plantations

Market Cap: LK₨2.3b

Kahawatte Plantations PLC cultivates, manufactures, markets, and sells tea, rubber, cinnamon, coffee, and other crops in Sri Lanka.

Bukit Darah

Market Cap: LK₨122.2b

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₨3.5b

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

Muller & Phipps (Ceylon)

Market Cap: LK₨735.8m

Through its subsidiary, Muller & Phipps (Health Care) Limited, engages in importing, marketing, distributing, and selling of drugs and pharmaceutical products in Sri Lanka.

Jetwing Symphony

Market Cap: LK₨11.6b

An investment holding company, owns and operates hotel properties in Sri Lanka.

Lanka Ashok Leyland

Market Cap: LK₨14.5b

Imports and assembles semi knocked down chassis in Sri Lanka.

LAUGFS Gas

Market Cap: LK₨22.9b

Engages in the import, storage, marketing, distribution, and sale of liquified petroleum gas (LPG) in Sri Lanka, the United Arab Emirates, and internationally.

Kegalle Plantations

Market Cap: LK₨3.5b

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

Bogawantalawa Tea Estates

Market Cap: LK₨6.8b

Engages in the cultivation, manufacture, and sale of tea, rubber, palm oil, and forestry products in Sri Lanka.

Dialog Axiata

Market Cap: LK₨266.8b

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

Carson Cumberbatch

Market Cap: LK₨172.5b

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.

Ceylon Hospitals

Market Cap: LK₨9.4b

Provides healthcare services under the Durdans brand in Sri Lanka.

Ceylon Hospitals

Market Cap: LK₨9.4b

Provides healthcare services under the Durdans brand in Sri Lanka.

ACL Plastics

Market Cap: LK₨7.0b

Manufactures, deals in, and markets cable grade PVC compounds in Sri Lanka.

Melstacorp

Market Cap: LK₨221.7b

Operates in the beverages, tourism, maritime, freight and logistics, investment, plantation, and service and financial service businesses in Sri Lanka, Maldives, and internationally.

Hayleys Leisure

Market Cap: LK₨4.8b

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

Lanka Realty Investments

Market Cap: LK₨5.9b

Engages in property development, manufacturing, and tourism and leisure businesses in Sri Lanka.