- Finance sector lost the most; turnover decline by 13.52% to Rs 1.54 arba; Weekly Wrap Up of the NEPSE index
- 50% right shares of Gurans Life Insurance listed on NEPSE; total of 2.97 Million units made tradeable
- Everest Insurance announces 24th AGM to be held on Ashoj 1, 2076; Book closure for same on Bhadra 22, 2076
- Proposed IPO issue of NRN Infrastructure and Development receive below average rating from Care Nepal; total of 3.39 Million units to be issued
- Surya Nepal to obtain short term banking facilities worth Rs.5.75 Arba; Care ratings assigns top ratings
- CIT to convene AGM on Bhadra 30, 2076; Book closure for 22% bonus on Bhadra 19, 2076
- Manjushree Finance brings its special saving product to the market; to provide attractive 8.255% interest to customers
- Kumari Bank signs agreement with Chabahil based Om Samaj Dental Hospital; MoU to enable bank’s customers to receive 15% discount at hospital
- Century Commercial Bank launches Premium Payroll Management account targeting working population; check and find out more for other attractive offers
- Customers of Sagarmatha Insurance to receive more convenient insurance premium payment service; NIC ASIA Bank offers its digital payment platforms for quick payment
Featured
Banijaya Bank convenes SGM; formally approves to open sister company to function as stock broker and market maker
Rastriya Banijaya Bank has convened its Special General Meeting on Bhadra 5, 2076, formally endorsing the decision to establish its sister company and function as stock broker and market maker. The...
Exclusive News
How has the Microfinance sector performed in the fourth quarter? Which company stands out among others?
In NEPSE, there are 48 listed microfinance companies which is highest amongst other sector. Still, there are few companies waiting to be listed like Ghodighoda and Adhikhola, which have recently issued their IPO while few are waiting for the mergers to be completed. Among 48 listed companies, Nadep Laghubitta Bittiya Sanstha Limited (NADEP) is yet to publish its 4th quarter report for 2075/76. Thus, in this analysis we look into various indicators of 47 listed microfinance companies based on the unaudited 4th Quarter report of 2075/76. Paid-up Capital: The minimum required capital for wholesale level, national, regional and district leve...
Did you miss out our regular updates of life insurance companies this quarter? Find out the major in...
The life insurance companies have published their fourth quarter financial reports. Although the actuarial valuation of the companies’ reports are still pending, the quarter...
Global Perspective on Nepal’s Infrastructure Financing; Perspective of AD Capital Group
Nepal needs to invest ~8-12% of GDP (~$3B) annually to bridge its infrastructure deficit and achieve its medium-term goal of graduating from the LDC (Least Developed Country) statu...
How did commercial banks fare in major indicators in last quarter of 2075/76? Find the details
Commercial banks in Nepal have not only acted as the custodian of wealth of the nation but also as resources which are necessary for the economic development of the country. With t...
What is the dividend capacity of Commercial Banks? What can we expect?
With the end of month of Shrawan, we have seen plethora of companies unveiling their fourth quarterly reports of various companies across different sectors. Publication of fourth q...
Announcement
- 2019-08-24 Citizens International Bank Limited has published a notice regarding new interest rate and its effective from 7th Bhadra, 2076.
- 2019-08-23 Citizen Investment Trust has announced its 24th AGM going to be held on 30th Bhadra, 2076.
- 2019-08-23 NIC Asia Capital Limited has extended its 125 million units of Rs 10 face value each mutual fund scheme worth Rs 1.25 billion (NIC Asia Balanced Fund) to the general public till (8th Bhadra, 2076).
- 2019-08-23 Ru Ru Jalvidut Pariyojana Limited has announced its 14th AGM going to be held on 1st Ashwin, 2076.
- 2019-08-23 Vibor Capital Limited has announced its 10th AGM going to be held on 27th Bhadra, 2076.
- 2019-08-23 Everest Insurance Company Limited has announced its 24th AGM going to be held on 1st Ashwin, 2076.
- 2019-08-23 IME General Insurance Limited urges its shareholders to collect uncollected due dividends.
- 2019-08-23 Nabil Bank Limited has published a notice regarding new interest rate and its effective from 6th Bhadra, 2076.
- 2019-08-23 Gandaki Bikas Bank Limited has published a notice regarding new interest rate and its effective from 6th Bhadra, 2076.
- 2019-08-23 Sanima Bank Limited has published a notice regarding new interest rate and its effective from 6th Bhadra, 2076.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Sabaiko Laghubitta Bittiya Sanstha Limited | 530,000 | 2019-07-17 | 2019-07-21 | Closed | |
| 2 | Himal Dolakha Hydropower Company Limited | 7,672,210 | 2019-07-10 | 2019-08-09 | Closed | |
| 3 | Adhikhola Laghubitta Bittiya Sanstha Limited | 400,000 | 2019-07-07 | 2019-07-10 | Closed | |
| 4 | Ghodighoda Laghubitta Bittiya Sanstha Limited | 132,600 | 2019-07-05 | 2019-07-09 | Closed | |
| 5 | Infinity Laghubitta Bittiya Sanstha Limited | 674,000 | 2019-05-27 | 2019-05-30 | Closed |
Dividend, Bonus & Rights
- Best finance Company set to auction 8.02 Lakh units of unsold right shares; bids accepted from Bhadra 11, 2076
- Ganapati Microfinance to distribute 7% bonus shares for FY 75/76; net profit as of fourth quarter stood at Rs.3.04 Crore
- NIC Asia Growth Fund to distribute 10% cash dividend for FY 75/76; book closure on Bhadra 13, 2076
- Janautthan Samudayic Laghubitta to accept bids for 18,503 units ordinary shares from Bhadra 10; bids can be placed till Bhadra 17, 2076
- Opening day of United Insurance's 240% right shares issue; eligible investors can apply right till Asoj 6
- Muktinath Bikas Bank's 20% right issue opens from Bhadra 12, 2076; Company issuing 61.29 lakh unit shares
- Nagbeli Laghubitta proposes 26% bonus shares for its shareholders; Capital to reach Rs 21.12 crore after adjustment
- What is the dividend capacity of Commercial Banks? What can we expect?
- Three microfinance companies announce dividend for FY 75/76; find out which ones
- Janautthan Samudayic right shares allotment: 93.58% shares get subscribed; remaining 18,503 units shares to be sold via auction soon
IPO News
- Siddhartha Investment Growth Scheme 2 collects Rs.95 Crore from general public; less than 20% of the issue still available for subscription
- Last day to apply for the IPO of Himal Dolakha Hydropower; Unsubscribed units to be purchased by underwriter
- SEBON adds proposed IPO of NRN Infrastructure and Development Limited to its pipeline; IPO worth Rs.33.98 Crore to be issued
- Himal Dolkha IPO issue for general public remains unsubscribed by huge amount; almost 74 thousand applicants received
- Himal Dolkha Hydropower IPO remain undersubscribed; now IPO issue opens for CEO, Promoters, Directors and their family members from today
- Almost 9000 applicants apply for NMB 50; total collection till yesterday stands at Rs.43 Crore
- Himal Dolkha Hydropower closing IPO issue; interested investors are requested to apply before banking hour today
- Siddhartha Capital to issue its fourth mutual fund scheme "Siddhartha Investment Growth Scheme 2" worth Rs 1.4 arba to general public from today
- Himal Dolakha Hydropower IPO receives 70,723 applicants till today; more than 40% of the issue subscribed
- CFO of Himal Dolakha assures 20 to 25 percent dividend for 2020; Few more days left for IPO closing
Interviews
“You don’t become a CEO simply to handle big files. You become a CEO to prepare your employees so that they can handle big files too” An interview with Mr. Parshuram Kunwar Chhetri; CEO of Janata Bank Nepal
7 months ago-Dheerusha Tiwari “Nepali janata ko Bank, Janata Bank Nepal” Janata Bank Nepal has left no stone unturned in order to substantiate this tagline among its clients, corporates and associates. The motto of this tagline does not simply reflect the objective of Janata Bank Nepal. In fact, the tagline also aligns with the banking journey of Mr. Parshuram Kunwar Chhetri who is in the position of CEO at Janata Bank. Mr. Chhetri attained his primary education from India but completed his re...
"Entrepreneurship is more about uncovering the illusion of knowledge than just putting up a product"; Intervie...
7 months agoSixit Bhatta, CEO and co-founder of Tootle, has played a crucial part in changing the way people commute through the introduction of the Tootle app. Tootle is a smart-phone app that provides platform...
200 times portfolio growth in 7 years; 23 year old prodigy in Nepali stock market; Interview with Sijan Bajrac...
7 months agoAnything that gets a little complicated often gets attacked with myths. Similar myths also shroud the capital market of Nepal. If we look at the total number of people involved, the primary market has...
Establishing the culture of Gold Financing in Nepal through partnership with Muthood Finance; Exclusive interv...
8 months agoSunanda Shrestha, CEO of United Finance, with over 25 years of experience in the Banking and Finance industry knows how to keep calm and evolve with the evolving market conditions. He started his care...
“The problem of liquidity will be solved once BFIs, NBA and NRB come together” An interview with Mr. Chinta Ma...
8 months ago“The job of central bank is to worry”. Alice Rivlin Eleven consecutive days of rise in interest rates on deposits of commercial banks, revoke of Gentlemen’s Agreement by Nepal Banke...
Auction Data
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Upcoming Issue
| S.No | Company Name | Units | Sector | Remark |
|---|---|---|---|---|
| 1 | NRN Infrastructure and Development limited | 3,398,046 | Non Category | |
| 2 | United Idi-Mardi and R.B. Hydropower Limited | 1,050,000 | Non Category | |
| 3 | Emerging Nepal Limited | 500,000 | Non Category | |
| 4 | Liberty Energy Company Limited | 3,750,000 | Non Category | |
| 5 | Greenlife Hydropower Limited | 3,496,400 | Hydropower |
Sub Indices
As of 2019-08-22
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,099.20 | 1,104.69 | 1,097.73 | 1,097.95 | 133,147,000 | -0.70 | -0.06 | 1,214.35 | 936.83 |
| Development Bank | 1,595.80 | 1,603.21 | 1,586.72 | 1,588.97 | 62,638,900 | -5.16 | -0.32 | 1,647.45 | 1,398.78 |
| Finance | 586.35 | 588.92 | 582.07 | 582.07 | 20,870,100 | -3.75 | -0.64 | 643.11 | 582.07 |
| Hotels | 2,012.65 | 2,029.35 | 2,012.09 | 2,022.69 | 1,453,310 | 11.17 | 0.56 | 2,248.03 | 1,674.22 |
| HydroPower | 1,050.55 | 1,055.59 | 1,043.69 | 1,048.02 | 27,795,200 | -2.87 | -0.27 | 1,445.62 | 1,043.69 |
| Life Insu | 5,682.60 | 5,751.72 | 5,676.97 | 5,702.96 | 6,081,730 | 6.30 | 0.11 | 7,242.33 | 4,923.90 |
| Manufacturing And Processing | 2,562.15 | 2,571.14 | 2,554.96 | 2,560.64 | 8,272,530 | -5.11 | -0.20 | 2,879.94 | 0.00 |
| Microfinance | 1,515.80 | 1,525.13 | 1,515.80 | 1,516.89 | 31,774,300 | 1.17 | 0.08 | 1,595.63 | 1,244.71 |
| Mutual | 9.92 | 9.94 | 9.89 | 9.90 | 1,059,020 | -0.02 | -0.20 | 10.15 | 9.27 |
| Non Life Insu | 4,801.79 | 4,826.51 | 4,759.17 | 4,759.17 | 16,173,600 | -42.01 | -0.87 | 6,214.65 | 4,759.17 |
| Others | 703.45 | 703.45 | 690.16 | 696.30 | 3,298,180 | 2.29 | 0.33 | 781.90 | 685.16 |
| Trading | 284.28 | 284.28 | 279.13 | 279.13 | 61,280 | -4.82 | -1.70 | 284.28 | 0.00 |
Company Analysis
Analysis
Did you miss out our regular updates of life insurance companies this quarter? Find out the major indicators of all life insurance companies in one ch...
The life insurance companies have published their fourth quarter financial reports. Although the actuarial valuation of the companies’ reports are still pending, the quarter end reports can draw a picture on the performance of these companies. Let’s look on the basis of each indicator: Financial overview: Number of policies: Number of insurance policies reflects the company’s ability to market its schemes and products. Nepal Life Insurance Company Limited (NLIC) maintains a lead position with 12.80 lakhs insuran...
Net profit of Sajilo Laghubitta stands at Rs.94.49 Lakhs by the end of fourth quarter; net interest income of...
Sajilo Laghubitta Bittiya Sanstha Limited (SLBBSL) has reported a net profit of Rs 94.49 lakhs till Asadh end of fiscal year 2075/76. It was Rs 8.84 lakh in the corresponding...
Dibyashwari Hydropower reports net loss of Rs.3.33 Crore by the end of fourth quarter; income from sale of ele...
Dibyashwari Hydropower Limited (DHPL) has published its fourth-quarter report for the FY 2075/76 today. According to the unaudited financial report, the hydropower shows...
World Merchant Bank and Finance publishes highlights for the fourth quarter; continues to report fall in major...
World Merchant and Finance Limited (WMBF) has reported decrease in net profit in the fourth quarter with a negative reserves of Rs.22.93 Crore. The unaudited financial report...
Gurkhas Finance has earned Rs 7.10 crore in Q4; still not in position to distribute dividend due to negative r...
Gurkhas Finance Limited (GUFL) profit has increased from Rs 1.12 crore in the fourth quarter of the fiscal year 2074/75 to Rs 7.10 crore in the fourth quarter of the fiscal year 20...
Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | NMBMF | NMB Laghubitta Bittiya Sanstha Limited | Rights Share Issue (equity) Grading | NPR 243.01 Million | [ICRANP] IPO Grade 4 (Assigned) | 2019-08-14 |
| 2 | LGIL | Lumbini General Insurance Limited | Rights Issue (Equity shares) | NPR 176 million | [ICRANP] IPO Grade 3 (Assigned) | 2019-08-05 |
| 3 | HIDCL | Hydroelectricity Investment and Development Company Limited | Rights Issue (equity shares) | NPR 11,000 Million | [ICRANP] IPO Grade 4+; Assigned | 2019-07-31 |
| 4 | BAHL | Balephi Hydropower Limited | IPO (equity) Grading | NPR 365.594 Million | [ICRANP] IPO Grade 4+; assigned | 2019-07-29 |
| 5 | NIB | Nepal Investment Bank Limited | Issuer Rating | NA | [ICRANP-IR] A+; under watch with negative implications | 2019-07-25 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | NRNIDL | NRN Infrastructure and Development limited | Initial Public Offering (IPO) | NPR 339.8046 Millions | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2019-08-18 |
| 2 | CEDB | CEDB Hydropower Development Company Limited | Initial Public Offering (IPO) | NPR 251.823 Millions | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2019-07-23 |
| 3 | SUCL | Sunrise Capital Limited (NCM/NIDC) | Fund Management Quality Rating (FMQR) | NA | CARE-NP AMC Quality 3 (AMC 3) Assigned | 2019-07-16 |
| 4 | SLICL | Surya Life Insurance Company Limited | Rights Share Issue | NPR 887.41 Millions | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2019-07-11 |
| 5 | NICA | NIC Asia Bank Limited | Subordinated Debenture “NIC ASIA Debenture 2083/84” | NPR 4,400 Millions | CARE-NP A [Single A] Assigned | 2019-07-11 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | Saptakoshi Development Bank Limited and Kabeli Bikas Bank Limited |
Saptakoshi Development Bank Limited | Development Bank | Acquisiton | Yes | 2019-06-12 | |
| 2 | Tinau Development Bank Limited and Mission Development Bank Limited |
Tinau Mission Development Bank Limited | Development Bank | Merger | 1:1 | No | 2019-06-27 |
| 3 | Sadhana Laghubitta Bittiya Sanstha Limited and Aarthik Samriddhi Laghubitta Bittiya Sanstha Limited |
Sadhana Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | 10:8 | Yes | 2019-07-10 |
| 4 | Jyoti Bikash Bank Limited & Hamro Bikas Bank Limited |
Jyoti Bikash Bank Limited | Development Bank | Acquisiton | 1:1 | Yes | 2019-03-11 |
| 5 | Nepal Investment Bank Limited and Jebil's Finance Limited |
Nepal Investment Bank Limited | Commercial Bank | Acquisiton | 100:33 | Yes | 2019-07-10 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Unnati Microfinance Bittiya Sanstha Limited and Sahakarya Laghubitta Bittiya Sanstha Limited |
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited | Non Category | Merger | 2019-07-25 |
| 2 | Vijaya Laghubitta Bittiya Sanstha Limited Cweda Laghubitta Bittiya Sanstha Limited |
Vijaya Laghubitta Bittiya Sanstha Limited | Microfinance | Acquisiton | 2019-07-11 |
| 3 | Citizens Bank International Limited and Sahayogi Vikas Bank Limited |
Citizens Bank International Limited | Commercial Bank | Acquisiton | 2019-07-07 |
| 4 | Global IME Bank Limited and Janata Bank Nepal Limited |
Global IME Bank Limited | Commercial Bank | Merger | 2019-07-05 |
| 5 | Suryodaya Laghubitta Bittiya Sanstha Limited and Trilok Laghubitta Bittiya Sanstha Limited |
Merger |
