- Sixth Nepali tests positive for COVID-19; sixth confirmed is a woman from Baglung
- Mega Bank commits towards fight against Coronavirus campaign of government; decides to provide Rs 1 crore to federal government and Rs 5 lakh each to all seven provinces
- Nepal Reinsurance Company IPO allotment not possible during lockdown as per the issue manager; investors have to wait
- Proposed IPO issue of IME Life Insurance receives below average fundamentals from Care Ratings; issue worth Rs.60 Crore graded
- Shareholders of Gurans Life Insurance need to wait some more time for 100% right shares; NMB Capital decides to postpone the issue sighting the Coronavirus lockdown
- NMB Bank contributes Rs 1.51 crore to Covid-19 Aid Fund; aims to support initiatives of government to flatten Coronavirus infection curve
- Kamana Sewa Bikas Bank conducts first-ever board meeting via video conferencing technology
- Bank of Kathmandu shows its allegiance towards fight against Coronavirus campaign of government; decides to provide Rs 5 lakh each to all seven provinces and 65 lakh to federal government
- Mahalaxmi Bikas Bank extends helping hands to poor families affected by Corona lockdown in Kathmandu; teams up with Nepal Police to provide food items worth Rs 4 lakh
- Sadhana Laghubitta shows its allegiance towards fight against Coronavirus campaign; provides Rs 50K each to all eight local units in Gorkha
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The Free-Fall Economic State of the World following the COVID-19 Pandemic
The global market is now in a free-fall state, thanks to the spread of Coronavirus, the big companies are now in sale. This is a huge opportunity for investors to buy the companies cheaply. However, our health and well-being should be our number one priority as we are all going through this epidemic which will hopefully come under control soon. As people say, it's always good to see numbers than to hear another rumor, I'll be presenting you with some factual data. I hope you will not get bored with what I'm presenting to you today. As we all know, as soon as the American market starts to fall, the economy of the whole world follows the same...
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Letter to a fellow Investor- Monetize Your Fear
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Announcement
- 2020-04-03 Saptakoshi Development Bank Limited has postponed its 12th Annual General Meeting.
- 2020-04-01 Prudential Insurance Company Limited has postponed its 10:6 ratio right share issue till further notice.
- 2020-04-01 Gurans Life Insurance Company Limited has postponed its 1:1 ratio right share issue till further notice.
- 2020-03-31 CDS and Clearing Limited has stopped all the clearing and settlement of shares till 25th Chaitra, 2076.
- 2020-03-30 Nepal Stock Exchange Limited has published a notice of temporarily halt of trading till 25th Chaitra, 2076.
- 2020-03-27 Shikhar Insurance Company Limited has postponed its 10:3 ratio right share issue till further notice.
- 2020-03-25 CDS and Clearing Limited has stopped all the clearing and settlement of shares till 18th Chaitra, 2076.
- 2020-03-23 Saptakoshi Development Bank Limited has amended its Book Closure Date.
- 2020-03-23 Saptakoshi Development Bank Limited has appointed BOK Capital Market Limited as its share registrar effective from (16th Chaitra, 2076).
- 2020-03-23 Saptakoshi Development Bank Limited has announced its 12th AGM going to be held on 30th Baishakh, 2076.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Nepal Reinsurance Company Limited | 16,000,000 | 2020-03-17 | 2020-03-20 | Closed | |
| 2 | NRN Infrastructure and Development Limited | 3,398,046 | Coming Soon | Coming Soon | Coming Soon | |
| 3 | United Idi-Mardi and R.B. Hydropower Limited | 1,050,000 | Coming Soon | Coming Soon | Coming Soon | |
| 4 | Liberty Energy Company Limited | 3,750,000 | Coming Soon | Coming Soon | Coming Soon | |
| 5 | Sabaiko Laghubitta Bittiya Sanstha Limited | 530,000 | 2019-07-17 | 2019-07-21 | Closed |
Dividend, Bonus & Rights
- Shareholders of Gurans Life Insurance need to wait some more time for 100% right shares; NMB Capital decides to postpone the issue sighting the Coronavirus lockdown
- Good news for applicants who failed to apply 60% right shares of Prudential Insurance; NMB Capital extends application deadline until further notice sighting Coronavirus lockdown
- 30% Right issue of Shikhar Insurance Company delayed until further notice; issue of 31.71 Lakh units halted
- NLG Insurance Company to extend right issue till Chaitra 27, 2076; 3.84 Million units being issued at par
- Himalayan General Insurance to hold 26th AGM on Baishak 29, 2077; book closure on Baishak 12, 2077
- Samriddhi Finance appoints BOKL Capital as its share registrar
- RMDC Laghubitta’s 12.5% bonus shares listed on NEPSE; 9.99 Lakh units made tradeable
- Samriddhi Finance Limited looking to issue 200% right shares soon; SEBON adds issue to pipeline
- Sahara Bikas Bank to auction more than 9 Lakh units of promoter shares from Chaitra 12, 2076; minimum bid price at Rs.100 per share
- Siddhartha Bank to distribute bonus share directly to demat accounts of shareholders; 10% bonus shares approved for FY 75/76
IPO News
- Nepal Reinsurance Company IPO allotment not possible during lockdown as per the issue manager; investors have to wait
- Proposed IPO issue of IME Life Insurance receives below average fundamentals from Care Ratings; issue worth Rs.60 Crore graded
- 12% Goodwill Finance Debenture 2083 completes allotment procedure; non-allottes to be refunded from Chaitra 10
- United Idi-Mardi and RB Hydropower’s IPO issue for locals postponed until further notice
- Laxmi Unnati Kosh scheduled to accept applications from today, indefinitely delays the opening of the issue until further notice
- Nepal Reinsurance Company IPO get huge public response; More than 4 lakh investors applied till last day
- Sadhana Laghubitta to issue IPO worth Rs.70.78 Million; ICRA Nepal assigns below average ratings
- Nepal Reinsurance company closing IPO issue from today; issue already oversubscribed by 2.57 times till yesterday
- Last trading day in NEPSE to clinch dividend of Excel Development Bank; book closure on Chaitra 7
- Massive response received by IPO of Nepal Reinsurance Company; issue oversubscribed by 1.57 times in two days
Interviews
Let’s invest money for capital formation instead of buying sophisticated vehicles: Finance Minister Dr Khatiwada
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Expect a 'game changer' in the economic and social sector: Finance Minister Dr Khatiwada
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Everest Bank Limited marks its 25th anniversary welcoming new CEO Mr. Gajendar Kumar Negi, who says “While wor...
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"Cleansing the hiring culture of Nepal from ABC virus is the first step in creating successful organization";...
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Auction Data
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Upcoming Issue
| S.No | Company Name | Units | Sector | Remark |
|---|---|---|---|---|
| 1 | Terhathum Power Company Limited | 1,200,000 | Hydropower | |
| 2 | Singati Hydro Energy Limited | 4,350,000 | Non Category | |
| 3 | Emerging Nepal Limited | 500,000 | Non Category | |
| 4 | Greenlife Hydropower Limited | 3,496,400 | Hydropower | |
| 5 | Mountain Energy Nepal Limited | 1,968,027 | Non Category | (For Local People : 19,68,027 Kitta For General Public : 19,68,027 Kitta) |
Sub Indices
As of 2020-03-22
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,119.22 | 1,125.43 | 1,089.98 | 1,093.26 | 94,927,000 | -27.13 | -2.42 | 1,214.35 | 976.56 |
| Development Bank | 1,717.38 | 1,722.31 | 1,704.55 | 1,711.01 | 24,156,800 | -15.67 | -0.91 | 1,854.95 | 1,436.67 |
| Finance | 635.79 | 639.54 | 632.09 | 636.12 | 26,069,800 | -0.17 | -0.03 | 705.76 | 550.39 |
| Hotels | 1,508.21 | 1,582.56 | 1,507.65 | 1,563.46 | 590,550 | 52.99 | 3.51 | 2,248.03 | 1,510.46 |
| HydroPower | 939.06 | 942.92 | 921.76 | 933.06 | 4,529,550 | -4.86 | -0.52 | 1,373.63 | 901.64 |
| Life Insu | 6,842.47 | 7,000.08 | 6,660.27 | 6,797.20 | 38,830,700 | -103.98 | -1.51 | 7,408.34 | 4,814.83 |
| Manufacturing And Processing | 2,494.11 | 2,495.40 | 2,454.50 | 2,459.32 | 17,618,500 | -29.30 | -1.18 | 2,879.94 | 1,977.14 |
| Microfinance | 2,063.91 | 2,074.33 | 2,046.55 | 2,050.30 | 16,127,900 | -17.94 | -0.87 | 2,123.22 | 1,366.78 |
| Non Life Insu | 5,270.49 | 5,274.47 | 5,243.20 | 5,271.75 | 42,376,300 | 1.26 | 0.02 | 6,214.65 | 3,936.49 |
| Others | 681.37 | 688.63 | 671.47 | 679.93 | 3,745,510 | 7.27 | 1.08 | 777.84 | 624.12 |
| Trading | 761.88 | 761.62 | 763.73 | 763.72 | 191,570 | -10.56 | -1.36 | 908.02 | 244.52 |
Weekly Analysis
Analysis
NEPSE continues its losing streak with 107.88 points fall; Nepal Seva decline by massive 24.9%; NLIC traded most (Weekly Wrap Up)
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Correction continues this week too in NEPSE with decline of 4.08%; Strong support at 1350 level; NLIC traded m...
NEPSE Index declined 58.52 points (4.08%) in the trading week between 8th March to 12th March, 2020. This week market opened for 3 trading days. Tuesday NEPSE open at 1435.70 point...
Correction seen on NEPSE after five straight week rallies; Microfinance and Non-Life Insurance sector decrease...
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Good times for market continues, NEPSE rallies 197.60 points; Naasa Securities tops the brokers with massive R...
NEPSE Index gained 197.60 points (13.77%) in the trading week between 23rd February to 27th February, 2020. This week market opened at 1434.57 points but close at high of the week...
Non-Life Insurance and Microfinance sector witness a massive rallies with weekly recording breaking turnover o...
NEPSE Index gained 89.98 points (6.69%) in the trading week between 16th February to 20th February, 2020. This week market opened at 1344.59 points but close at high of the week 14...
Company Analysis
Analysis
Nabil Equity Fund reports NAV of Rs.10.41 while Balance Fund-2 reports NAV of Rs.10.91 till Falgun end
Nabil Equity Fund (NEF), a closed-end 7-year mutual fund scheme managed by Nabil Investment Banking Limited with Nabil Bank Limited as the fund sponsor, has published its monthly NAV report for the month of Falgun. The latest NAV stands at Rs.10.41 which was Rs.10.23 in the previous month. The scheme, which began with a fund size of Rs.1.25 Arba, has invested Rs.63.40 crore in the shares of listed companies and Rs.2.42 crore on non-listed companies. It has invested Rs.12.50 crore in fixed deposit schemes and has invested Rs.8.53 crore in deben...
Decent growth reported by both mutual fund schemes of NMB Capital for Falgun end; look at the major highlights
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Falgun end NAV of Siddhartha Equity Fund and Investment Growth Scheme grow to Rs.11.11 and Rs.10.94 respective...
Siddhartha Equity Fund (SEF), a closed-end 10 years mutual fund, managed by Siddhartha Capital Limited has reported an increase in its net asset value (NAV) for the month of Falgun...
All three schemes of NIBL Ace Capital report increased NAV for Falgun end; look at other highlights
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Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | BHDCL | Bindhyabasini Hydropower Development Company Limited | Initial Public Offer | NPR 250 Million | CARE-NP IPO Grade 4+ [IPO Grade Four Plus] Assigned | 2020-02-19 |
| 2 | NICACL | NIC Asia Capital Limited | Fund Management Quality Rating (FMQR) | NA | [ICRANP] AMC Quality 3 (AMC 3); Reaffirmed | 2020-02-17 |
| 3 | 10PRVU84 | 10% Prabhu Bank Debenture 2084 | Subordinated Debenture (Prabhu Bank Debenture 2084) | NPR 2000 Million | CARE-NP BBB [Triple B] Assigned | 2020-02-14 |
| 4 | SALBSL | Sadhana Laghubitta Bittiya Sanstha Limited | Initial Public Offerings | NPR 70.78 Million | [ICRANP] IPO Grade 4+; assigned | 2020-02-11 |
| 5 | API | Api Power Company Limited | Rights Issue Grading | NPR 567 Million | [ICRANP] IPO Grade 4; assigned | 2020-02-11 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | IGI | IME General Insurance Limited | Initial Public Offer | NPR 600 Million | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2020-04-02 |
| 2 | PCBL | Prime Commercial Bank Limited | Subordinated Debenture | NPR 3,500.00 Million | CARE-NP A- [Single A Minus] Assigned | 2020-03-03 |
| 3 | PCBL | Prime Commercial Bank Limited | Issuer Rating | NA | [CARE-NP] A- (Is) [Single A Minus (Issuer)] Assigned | 2020-03-02 |
| 4 | AHPC | Arun Valley Hydropower Development Company Limited | Rights Share Issue | NPR 998.3231 Million | CARE-NP IPO Grade 4+ [IPO Grade Four Plus] Assigned | 2020-02-26 |
| 5 | 12ICFC2083 | 12% ICFC Finance Limited Debenture 2083 | Issuer Rating | NA | CARE-NP BBB- (Is) (Triple B Minus [Issuer Rating]) Assigned | 2020-01-10 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | NRN Laghubitta Bittiya Sanstha Limited, Creative Laghubitta Bittiya Sanstha Limited and Rama Roshan Laghubitta Bittiya Sanstha Limited |
NRN Laghubitta Bittiya Sanstha Limited | Non Category | Merger | No | ||
| 2 | Suryodaya Laghubitta Bittiya Sanstha Limited and Trilok Laghubitta Bittiya Sanstha Limited |
Suryodaya Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | No | ||
| 3 | Global IME Bank Limited and Janata Bank Nepal Limited |
Global IME Bank Limited | Commercial Bank | Merger | 1:0.85 | No | |
| 4 | Saptakoshi Development Bank Limited and Kabeli Bikas Bank Limited |
Saptakoshi Development Bank Limited | Development Bank | Acquisiton | Yes | 2019-06-12 | |
| 5 | Prime Commercial Bank Limited and Kankai Bikas Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 100:71.50 | Yes | 2019-09-01 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Unique Nepal Laghubitta Bittiya Sanstha and Buddha Jyoti Laghubitta Bittiya Sanstha |
Acquisiton | |||
| 2 | Nepal Agro Laghubitta Bittitya Sanstha and Nesdo Sambridha Laghubitta Bittiya Sanstha Limited |
Nepal Agro Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | 2019-10-04 |
| 3 | Mega Bank Nepal Limited and Gandaki Bikas Bank Limited |
Mega Bank Nepal Limited | Commercial Bank | Acquisiton | 2019-09-26 |
| 4 | Unnati Microfinance Bittiya Sanstha Limited and Sahakarya Laghubitta Bittiya Sanstha Limited |
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited | Non Category | Merger | 2019-07-25 |
| 5 | Citizens Bank International Limited and Sahayogi Vikas Bank Limited |
Citizens Bank International Limited | Commercial Bank | Acquisiton | 2019-07-07 |
