- Market correction observed as NEPSE loses almost 2% today; four companies hit the circuit, two positive and two negative
- Total number of online clients increases to 18,583 till January 14, 2020; Vision Securities leads with highest number of online clients
- 10.25% Prabhu Bank Debenture 2086 listed on NEPSE; 1 Million units made tradeable
- Care Ratings provides below average fundamentals to right issue of Civil Laghubitta; total of 11.41 Lakh units to be issued
- Nepal Bank urges shareholders to dematerialize their shares and update their bank accounts with DPs; pledges to disburse 10% cash dividend and 15% bonus shares ASAP
- Mahalaxmi Life brings combo life insurance policy; to provide insurance coverage to all the members, investors, depositors and borrowers of the institution through a single policy
- Super Madi Hydropower looking to raise bank facilities worth Rs.5.75 Arba; Care Ratings grades the issue
- Care Ratings assigns grade to bank facilities of BKOI Builders Private Limited; facilities worth Rs.4.72 Arba graded
- Gharana Foods Private Limited looking to raise loans worth Rs.75.50 Crore; ICRA Nepal grades the issue
- Reecharger Big Sale 2020 concludes; sale witness more than 24K orders for different goods and services on a single day
Featured
Development banks select NCHL as RTGS Integration partner; Muktinath, Jyoti, Garima, Kamana Sewa and Lumbini Bikas Bank get into RTGS loop
In continuation to supporting Nepal Rastra Bank (NRB)’s initiative of extending Real Time Gross Settlement (RTGS) system, Nepal Clearing House Ltd. (NCHL)will now be facilitating the development...
Exclusive News
Five months macro economic data- Inflation at 6.55%; Imports decreased while exports increased!
The central bank published annual macro-economic data for the year of 2020/21. The report covers major details on inflation, trade, services, remittance, BOP position, foreign exchange reserves, fiscal deficit, surplus, expenditure, revenue, money supply, deposit, credit liquidity, interest rates and capital market. However, the statistics point out the rising liabilities and declining assets of the economy. Some of the major highlights from the reports are: Inflation: Inflation remained at 6.55% in the review month compared to 3.71% of the same period last year. Import and export: Imports of the nation decreased 4.2% amounting to Rs...
How has the recent uptrend affected the performance of companies who adjusted dividend? Did you reco...
As the market has been rallying aggressively in the upward direction for the past few days, the stock prices of some companies have grown in a way that their dividend adjusted pric...
Debentures worth Rs 13.95 arba yet to enter the market; Find the list with all details
The consideration provided by Nepal Rastra Bank (NRB) while calculating CCD ratio on funds collected via debentures has brought a wave a debenture issuance in the current...
Which companies were among top invested by mutual fund schemes in the month of Mangsir? Is your inve...
There are 18 mutual funds in the country currently. Out of 18, Siddhartha Equity Oriented Scheme (SEOS), Siddhartha Investment Growth Scheme (SIGS1), Nabil Balance Fund (NBF1) and&...
Global IME Bank's merged shares to be listed within this month; Opening price at Rs 237
Global IME Bank (GBIME) started joint operation after the merger with Janata Bank (JBNL) from Mangsir 20, 2076. The shares of the merged entity haven't been listed yet and accordin...
Announcement
- 2020-01-20 Agricultural Development Bank Limited has published an offer letter to issue (25,00,000 units @ Rs.1000 per unit) 10.35% ADBL Krisi Bank Rinpatra 2083 to the general public from (14th to 17 Magh, 2076).
- 2020-01-20 Samata Laghubiutta Bittiya Sanstha Limited is distributing 5.52% cash dividend directly to bank accounts to its shareholders and urged its shareholders to dematerialize their shares.
- 2020-01-20 Himalayan Distillery Limited is distributing 52.63% cash dividend directly to bank accounts to its shareholders and urged its shareholders to dematerialize their shares.
- 2020-01-20 Citizens Bank International Limited has posted a net profit of Rs 687.70 million and published its 2nd quarter company analysis of the fiscal year 2076/77.
- 2020-01-20 Vijaya Laghubiutta Bittiya Sanstha Limited is distributing 5% cash dividend directly to bank accounts to its shareholders and urged its shareholders to dematerialize their shares.
- 2020-01-20 Multipurpose Finance Company Limited has published a notice regarding bid opening date of 18,50,721 units promoter share and 1,49,657 units ordinary share in auction to the general public on (7th Magh, 2076).
- 2020-01-20 Manjushree Finance Limited is distributing 9.80% cash dividend directly to bank accounts to its shareholders and urged its shareholders to dematerialize their shares.
- 2020-01-20 Goodwill Finance Company Limited is distributing 10% cash dividend directly to bank accounts to its shareholders and urged its shareholders to dematerialize their shares.
- 2020-01-19 Prabhu Insurance Company Limited has announced its 24th AGM going to be held on 24th Magh, 2076.
- 2020-01-19 Sindhu Bikas Bank Limited has cancelled its 10th AGM going to be held on 29th Poush, 2076.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Shiva Shree Hydropower Limited | 3,351,140 | 2019-10-03 | 2019-11-01 | Closed | |
| 2 | Sabaiko Laghubitta Bittiya Sanstha Limited | 530,000 | 2019-07-17 | 2019-07-21 | Closed | |
| 3 | Himal Dolakha Hydropower Company Limited | 7,672,210 | 2019-07-10 | 2019-08-09 | Closed | |
| 4 | Adhikhola Laghubitta Bittiya Sanstha Limited | 400,000 | 2019-07-07 | 2019-07-10 | Closed | |
| 5 | Ghodighoda Laghubitta Bittiya Sanstha Limited | 132,600 | 2019-07-05 | 2019-07-09 | Closed |
Dividend, Bonus & Rights
- Nepal Bank urges shareholders to dematerialize their shares and update their bank accounts with DPs; pledges to disburse 10% cash dividend and 15% bonus shares ASAP
- Care Ratings provides below average fundamentals to right issue of Civil Laghubitta; total of 11.41 Lakh units to be issued
- Himalayan Distillery, Goodwill Finance, Samata Laghubitta, Vijaya Laghubitta and Manjushree Finance distributing cash dividend directly into bank account; Urges shareholders to update information
- Gandaki Bikas Bank and ICFC Finance distributing cash dividend directly into bank account; Urges shareholders to update information
- Shangrila Development Bank starts transferring 8.95% cash dividend directly to accounts of shareholders; those with updated accounts receiving dividend from Poush 29
- SEBON approves 60% right issue of NLG Insurance and Prudential Insurance; to issue more than 38 Lakh units each
- Guheswori Merchant Banking and Finance to distribute cash dividend from Magh 5; urges shareholders to dematerialize their holdings
- NEPSE lists 27.64 lakh units right shares of Srijana Finance; Finance had issued 60% right shares
- Mahuli Samudayik Laghubitta, NMB Bank and Lumbini Bikas Bank distributing cash dividend directly into bank account; Urges shareholders to update information
- Last day to grab shares of Srijana Finance to claim 15% bonus; AGM on Magh 11
IPO News
- Bindhyabasini Hydropower Company to issue IPO worth Rs.25 Crore; issue added to SEBON pipeline
- Biggest ever IPO to hit investment floor soon! Hold your purse string tight for Rs 8 arba IPO shares of Nepal Infrastructure Bank with NIBL ACE Capital as issue manager
- Madhya Bhotekoshi Jalavidyut Company appoints Citizen Investment Trust as underwriter for issue worth Rs.1.50 Arba
- CARE Nepal assigns Grade 4+ to the IPO of NIC Asia Laghubitta; Rating indicates below average fundamentals
- ICRA Nepal assigns Grade 4 to the upcoming IPO of Reliance Life Insurance; Rating indicates below average fundamentals
- IPO of Himal Dolakha Hydropower still not listed; Officials dodging calls
- Shiva Shree Hydropower allots IPO to valid applicants; Dispute with underwriters not solved yet
- Sadhana Laghubitta to convene AGM on Poush 12; Agenda to issue 50% right after IPO issuance
- Ajod Insurance to convene AGM on Poush 11, 2076; Major agenda to float IPO
- Sadhana Laghubitta appoints Global IME Capital as the issue manager for its IPO; Capital to reach Rs 21 crore after IPO
Interviews
Expect a 'game changer' in the economic and social sector: Finance Minister Dr Khatiwada
1 week agoFinance Minister Dr. Yuba Raj Khatiwada has said the overall economic indicators of the country were healthy and the economy was moving ahead on the right trajectory. Stating that implementation of federalism was on a successful course, he asserted that the confusions seen regarding the fiscal federalism have been 'cleared' within short period and it was under implementation. Finance Minister Khatiwada said all sectors have entered to a new phase, he expressed the belief that there would be ec...
Everest Bank Limited marks its 25th anniversary welcoming new CEO Mr. Gajendar Kumar Negi, who says “While wor...
3 months agoEverest Bank Limited has accomplished a quarter of century in the Nepalese banking sector as it marks its Silver jubilee today. In the time period of two and a half decade, it is not simply Everest Ba...
"Cleansing the hiring culture of Nepal from ABC virus is the first step in creating successful organization";...
4 months agoInterviewee: Ganesh Raj Pokharel, CEO of Citizens Bank International Interviewer: Aakriti Thakali and Sandeep Rana from Sharesansar Profile: Academics: Executive MBA degree in Finance from Kath...
“You don’t become a CEO simply to handle big files. You become a CEO to prepare your employees so that they ca...
1 year 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 associat...
"Entrepreneurship is more about uncovering the illusion of knowledge than just putting up a product"; Intervie...
1 year 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...
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 | Nepal Reinsurance Company Limited | 16,000,000 | Non Category | |
| 4 | NRN Infrastructure and Development limited | 3,398,046 | Non Category | |
| 5 | United Idi-Mardi and R.B. Hydropower Limited | 1,050,000 | Non Category |
Sub Indices
As of 2020-01-20
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,179.34 | 1,201.76 | 1,158.90 | 1,165.36 | 619,801,000 | -15.88 | -1.34 | 1,214.35 | 936.83 |
| Development Bank | 1,847.83 | 1,854.95 | 1,780.22 | 1,794.92 | 333,309,000 | -52.87 | -2.86 | 1,854.95 | 1,400.96 |
| Finance | 700.68 | 705.76 | 671.70 | 677.84 | 196,859,000 | -22.33 | -3.19 | 705.76 | 550.39 |
| Hotels | 2,112.60 | 2,112.60 | 2,043.12 | 2,051.89 | 20,806,700 | -64.09 | -3.03 | 2,248.03 | 1,674.22 |
| HydroPower | 1,080.81 | 1,084.88 | 1,035.23 | 1,038.56 | 67,212,800 | -42.21 | -3.91 | 1,377.29 | 901.64 |
| Life Insu | 7,111.72 | 7,193.25 | 6,829.71 | 6,949.35 | 279,708,000 | -154.66 | -2.18 | 7,242.33 | 4,814.83 |
| Manufacturing And Processing | 2,573.29 | 2,592.79 | 2,490.62 | 2,497.84 | 267,582,000 | -71.91 | -2.80 | 2,879.94 | 1,930.18 |
| Microfinance | 2,101.44 | 2,109.91 | 2,018.58 | 2,043.56 | 223,986,000 | -57.88 | -2.75 | 2,123.22 | 1,363.66 |
| Mutual | 10.64 | 10.66 | 10.42 | 10.42 | 4,840,110 | -0.18 | -1.70 | 10.66 | 8.95 |
| Non Life Insu | 5,576.34 | 5,687.54 | 5,403.84 | 5,448.77 | 530,936,000 | -116.31 | -2.09 | 6,214.65 | 3,936.49 |
| Others | 698.33 | 699.24 | 678.86 | 683.73 | 44,089,500 | -13.53 | -1.94 | 777.84 | 624.12 |
| Trading | 843.56 | 852.71 | 795.84 | 805.81 | 17,620,000 | -54.59 | -6.34 | 908.02 | 242.50 |
Weekly Analysis
Analysis
NEPSE rallies more than 97 points with massive Rs 6.67 arba turnover ; Ghodighoda Laghubitta gain 35.31% and NIC Asia Bank traded most (Weekly Wrap up...
NEPSE Index gained 97.12 points (8.01%) in the trading week between 12th January to 16th January, 2020. This week market opened at 1213.11 points and made a high of 1313.19 but closed at 1310.23 points on Thursday. This week's market statistics: Index Open- 1213.11 points Index Closed- 1310.23 points Index High- 1313.19 points Index Low- 1213.11 points C...
Microfinance sector rallies this week; Womi Laghubitta rises by 42.33%; turnover increased by 76.63% (Weekly W...
NEPSE Index gained 46.9 points (4.02%) in the trading week between 5th January to 9th January, 2020. This week market opened at 1166.21 points and made a high of 1223.66 on Wednesd...
NEPSE remain stagnant this week; Trading and Hotels sector rises; Nepal Life Insurance most traded stock (Week...
NEPSE Index declined 1.20 points (0.10%) in the trading week between 29th December to 2nd January, 2020. This week market opened at 1166.86 points and closed at 1166.21 points on l...
Nepal Bank and Shivam Cements was traded the most this week; Kanchan Dev. Bank gains 23.24%; both total turnov...
NEPSE Index gained 17.77 points (1.55%) in the trading week between 22nd December to 26th December. This week market opened at 1149.70 points and made a high of 1176.70 on Tuesday...
Correction seen on NEPSE after last week rallies; NMB traded most and Nepal Finance rises by 31.45% (Weekly Wr...
NEPSE Index declined 23 points (1.96%) in the trading week between 15th December to 19th December. This week market opened at 1172.64 points and made a high of 1181.70 on Sunday bu...
Company Analysis
Analysis
Citizens Bank profit decline by 10.73% in Q2; earns Rs 68.77 crore with annualized EPS of Rs 15.95 and PE of 12.41 times
Citizens Bank International Limited (CZBIL) has published its second quarter report for the FY 2076/77 with decline in net profit by 10.73%. The bank’s profit has decreased from Rs 77.03 crore in the second quarter of the fiscal year 2075/76 to Rs 68.77 crore in the second quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 62.10 crore as distributable profit after PL Appropriation and Regulatory Adjustments. The bank’s deposit from customers has growth rate of 7.21% to Rs 75.59 arba and loans and advances to...
Non-operating income of Rs 9.81 crore has resulted massive 628.45% rise in net profit of Manjushree Finance; P...
Manjushree Finance Limited (MFIL) has published its second quarter report for the FY 2076/77 with an outstanding rise in net profit by 628.45%. The net profit growth is mainly...
First Microfinance first to publish Q2 quarterly report; earning rises by 18.86% to Rs 6.69 crore with Zero NP...
First Microfinance Laghubitta Bittya Sanstha (FMDBL) became the first listed companies in NEPSE to publish second quarterly report of FY 2076/77 with 18.86% profit growth. Accordi...
Which companies were among top invested by mutual fund schemes in the month of Mangsir? Is your investment pat...
There are 18 mutual funds in the country currently. Out of 18, Siddhartha Equity Oriented Scheme (SEOS), Siddhartha Investment Growth Scheme (SIGS1), Nabil Balance Fund (NBF1) and&...
Barun Hydropower reports net profit of Rs 1.58 crore till first quarter of FY 2076/77
Barun Hydropower Company (BARUN) has published the unaudited Q1 report for the fiscal year 2076/77. The company’s paid-up capital remains unchanged at Rs.25.51 crore compare...
Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | ADBL | Agricultural Development Bank Limited | Subordinated Debenture Programme | NPR 2500 million | [ICRANP] LA (reaffirmed) | 2020-01-17 |
| 2 | ADBL | Agricultural Development Bank Limited | Issuer Rating | NA | [ICRANP-IR] A | 2020-01-17 |
| 3 | 1025EBLD83 | 10.25% Everest Bank Limited Debenture 2083 | Subordinated Debenture “10.25% Subordinated Debenture Program” | NPR 1000 Million | CARE-NP AA- [Double A Minus] Assigned | 2020-01-13 |
| 4 | RLIL | Reliance Life Insurance Limited | Initial Public Offerings | NPR 630.00 Million | [ICRANP] IPO Grade 4; assigned | 2020-01-07 |
| 5 | NABILINV | Nabil Investment Banking Limited | Fund Management Quality Rating (FMQR) | NA | [ICRANP] AMC Quality 3+ (AMC 3+); Reaffirmed | 2019-12-22 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | 12ICFC2083 | 12% ICFC Finance Limited Debenture 2083 | Issuer Rating | NA | CARE-NP BBB- (Is) (Triple B Minus [Issuer Rating]) Assigned | 2020-01-10 |
| 2 | 12ICFC2083 | 12% ICFC Finance Limited Debenture 2083 | Subordinated Debenture “12% ICFC Finance Ltd. Debenture 2083” | NPR 200 Million | CARE-NP BBB- [Triple B Minus] Reaffirmed | 2020-01-10 |
| 3 | NICALBS | NIC Asia Laghubitta Bittiya Sanstha Limited | Initial Public Offer | NPR 475.50 million | CARE-NP IPO Grade 4+ [IPO Grade Four Plus] Assigned | 2019-12-31 |
| 4 | GRHPL | Greenlife Hydropower Limited | Initial Public Offer | 349.64 Millions | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2019-11-05 |
| 5 | SRBL | Sunrise Bank Limited | Subordinate Debenture (10.25% Debenture 2083) | NPR 3000 Millions | CARE-NP A- [Single A Minus] Assigned | 2019-10-21 |
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 | Prime Commercial Bank Limited and Kailash Bikas Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 1:0.94 | 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 |
