- Committee formed by Council of Ministers of Karnali Province to investigate implementation of budget
- NEPSE suspends trading license of Sagarmatha Securities for one day; Broker not allowed to carry out transactions tomorrow
- Sanima bank to convene AGM on Ashwin 29, 2076; Last date to claim 21% dividend on Ashwin 12
- Civil Laghubitta proposes 10% dividend from profit till 2075/76; Divided includes 5% cash and 5% bonus
- ICRA Nepal assigns LBBB- and A3 rating to long term and short term loans of MAW Investment; Investment part of the MAW group
- ICRA Nepal assigns LBB- to long-term loans of Bishal Cement Industries; Rating of A4 assigned to short term loans
- ICRA Nepal assigns LBB and A4 rating to long term and short term loans of Dugar Spices and Food Products; Key financial indicators included
- Asian Infrastructure Investment Bank to invest 1.09 bln USD in ASEAN countries to boost interconnectivity
- Iwakhola Project connected to national grid; Maximum capacity of generating 9.9 Mega Watt
- Guheswori Merchant Banking and Finance organizes CSR program; Donated computers to Primary school at Tilganga
Featured
Festival bonanza for card users of NIC ASIA Bank! Find out about attractive discount while shopping at Bhatbhateni Supermarket this festival season
NIC ASIA Bank and Bhatbhateni Supermarket have inked an agreement targeting the upcoming festival season under which the customers making payments via the bank’s Debit / credit cards at the supe...
Exclusive News
Who rules the world? –Woman
Women have struggled a lot as compared to men in order to position themselves in the corporate, banking and business world. “Women can’t have it all” is a popular saying that reflects that there is some point in life where a woman has to choose between a career and personal life. Besides, women are often warned about the presence of glass ceiling in their corporate ladder. Today, let us know few popular women, in the banking sector worldwide, who broke the glass ceiling. Arundhati Bhattacharya: The former chairman of India’s largest bank, Arundhati Bhattacharya attended Jadavpur University for her Master’s in En...
Do you hate waiting in queue in banks? Nepali banks should divert their focus towards Queue Manageme...
Executive CEOs and management bodies in banks are often seen discussing about their new products and schemes. The profit and assets in balance sheet often become a major aspect to...
Are cooperatives conducting Annual General meeting or Annual Children’s Day?
In the past few weekends, a number of event halls and banquets were booked. In Nepal, September is not even the month of wedding seasons and it has been quite some time that the fe...
Fed cuts interest rates! What will be the impact for people living in US?
Federal Reserve’s decision to cut interest rates for the second time this year is expected to have wide impacts among consumers in US. On Wednesday, Fed decided to slash inte...
Government is not serious-Dengue in the health sector killing the people whereas dengue in the stock...
Nepal’s battle with dengue took a serious turn this year as a number of cases are being diagnosed as dengue in a number of hospitals throughout the country. Things got more s...
Announcement
- 2019-09-23 United Insurance Company (Nepal) Limited has extended its 1:2.4 ratio right share to its shareholders till (23rd Ashwin, 2076).
- 2019-09-23 Global IME Laghubitta Bittiya Sanstha Limited has allotted it's 1:1 Ratio right share to its shareholders on 2nd Ashwin, 2076.
- 2019-09-23 Siddhartha Capital Limited has published its financial highlight of "Siddhartha Equity Fund" of a fiscal year 2075/76.
- 2019-09-23 Siddhartha Capital Limited has published its financial highlight of "Siddhartha Equity Oriented Scheme" of a fiscal year 2075/76.
- 2019-09-20 Machhapuchchhre Bank Limited has announced its 21st AGM going to be held on 24th Ashwin, 2076 and published its audited financial highlights of the fiscal year 2075/76.
- 2019-09-20 Sayapatri Hydropower Limited has announced its 3rd AGM going to be held on 25th Ashwin, 2076.
- 2019-09-20 Citizen Life Insurance Company Limited has announced its 2nd AGM going to be held on 29th Ashwin, 2076.
- 2019-09-19 Lumbini Bikas Bank Limited has urged its shareholders to pay tax amount for 17.07% bonus share distribution purpose.
- 2019-09-19 Siddhartha Capital Limited has announced its 8th AGM going to be held on 1st Kartik, 2076.
- 2019-09-18 Nepal Rastra Bank is selling 2,99,982 units Promoter shares of (Grameen Bikas Laghubitta Bittiya Sanstha Limited) in auction to existing promoter from (31st Bhadra to 4th Kartik, 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
- Sanima bank to convene AGM on Ashwin 29, 2076; Last date to claim 21% dividend on Ashwin 12
- Civil Laghubitta proposes 10% dividend from profit till 2075/76; Divided includes 5% cash and 5% bonus
- Global IME Laghubitta right shares allotment: 94.88% shares get subscribed; remaining 56,561 units shares to be sold via auction soon
- 240% right issue of United Insurance extended till Ashoj 23, 2076; Insurance issuing 72.57 lakh unit right shares
- Janata Bank comes up with 12% dividend for its shareholders; total Rs 96 crore to be issued to shareholders as company bonus
- Machhapuchchhre Bank to convene its 21st AGM on Ashwin 24 at Pokhara; Major agenda to approve 5% bonus and 11% cash dividend
- Aarambha Laghubitta proposes 8% bonus from the profit of FY 2075/76; Capital post adjustment to reach Rs 6.48 crore
- Unnati Microfinance proposes 40.63% dividend from the profit of FY 2075/76; Capital post adjustment to reach Rs 12.23 crore
- National Microfinance proposes 80% dividend for its shareholders; 75% bonus 5% cash dividend with tax
- Siddhartha Capital to convene 8th AGM on Kartik 01, 2076; Major agenda to approve 21.05% cash dividend
IPO News
- NEA decides to issue 25% of its shares to public; Will a negative reserve balance hinder its IPO process?
- IPO of Singhati Hydro Energy added to SEBON pipeline; Company issuing 43.5 lakh units
- IPO issue of Nepal Re-Insurance Company added to SEBON pipeline; 16 Million units to be issued at par
- ICRA Nepal provides below average grade to proposed IPO of Terhathum Power Company; 1.20 Million units to be issued
- IPO shares of Ghodighoda Laghubitta listed on NEPSE; 2.76 Lakh units made tradeable
- NMB Capital closing the issue of NMB 50 mutual fund scheme to general public; interested investors can apply till banking hour today
- 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
Interviews
"Cleansing the hiring culture of Nepal from ABC virus is the first step in creating successful organization"; Exclusive interview with Ganesh Raj Pokharel, CEO of Citizens Bank International
2 weeks 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 Kathmandu University MBA (Marketing) and BL (Banking) degrees from Tribhuvan University. Experience 27 years of working experience (Management Expert for 14 years and 13 years as a banker). One of the founders and the Chief Executive Officer of Citizens Bank International Ltd. Banking Indust...
“You don’t become a CEO simply to handle big files. You become a CEO to prepare your employees so that they ca...
8 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 associat...
"Entrepreneurship is more about uncovering the illusion of knowledge than just putting up a product"; Intervie...
8 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...
8 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...
9 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...
Auction Data
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Upcoming Issue
| S.No | Company Name | Units | Sector | Remark |
|---|---|---|---|---|
| 1 | Singati Hydro Energy Limited | 4,350,000 | Non Category | |
| 2 | Nepal Reinsurance Company Limited | 16,000,000 | Non Category | |
| 3 | NRN Infrastructure and Development limited | 3,398,046 | Non Category | |
| 4 | United Idi-Mardi and R.B. Hydropower Limited | 1,050,000 | Non Category | |
| 5 | Emerging Nepal Limited | 500,000 | Non Category |
Sub Indices
As of 2019-09-22
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,058.42 | 1,058.42 | 1,043.81 | 1,047.09 | 84,699,900 | -11.33 | -1.07 | 1,214.35 | 936.83 |
| Development Bank | 1,567.00 | 1,569.22 | 1,547.83 | 1,548.81 | 39,376,600 | -18.19 | -1.16 | 1,647.45 | 1,398.78 |
| Finance | 572.75 | 572.75 | 568.49 | 568.49 | 10,504,900 | -4.51 | -0.79 | 643.11 | 562.74 |
| Hotels | 1,907.71 | 1,907.71 | 1,847.59 | 1,850.41 | 544,388 | -60.11 | -3.15 | 2,248.03 | 1,674.22 |
| HydroPower | 962.19 | 962.19 | 931.85 | 932.59 | 18,835,300 | -29.60 | -3.08 | 1,445.62 | 919.99 |
| Life Insu | 5,104.33 | 5,119.35 | 4,970.84 | 5,037.51 | 15,727,600 | -80.88 | -1.58 | 7,242.33 | 4,923.90 |
| Manufacturing And Processing | 2,523.56 | 2,523.56 | 2,430.97 | 2,436.19 | 20,186,900 | -67.60 | -2.70 | 2,879.94 | 0.00 |
| Microfinance | 1,487.44 | 1,489.60 | 1,453.10 | 1,457.12 | 26,181,600 | -30.32 | -2.04 | 1,595.63 | 1,244.71 |
| Mutual | 9.42 | 9.42 | 9.39 | 9.39 | 429,775 | -0.03 | -0.32 | 10.15 | 9.27 |
| Non Life Insu | 4,395.08 | 4,403.92 | 4,273.67 | 4,273.67 | 23,457,900 | -124.29 | -2.83 | 6,214.65 | 4,251.60 |
| Others | 647.45 | 656.16 | 630.77 | 639.42 | 4,132,300 | 0.68 | 0.11 | 781.90 | 624.12 |
Weekly Analysis
Analysis
Weekly Technical Analysis of NEPSE index: Market may be sluggish next week
This week Nepse Index closed at the lowest point of the month. Index opened at 1191.07 points and closed at 1157.88 points with the loss of 33.19 points (2.86%). On Sunday the index was down by 12.61 points to sit at 1178.46. The market slipped down further on Monday by 9.55 points. Tuesday also index lost 2.24 points. Wednesday and Thursday index fell by 3.46 and 5.33 points. Candlestick pattern: Bearish candles were formed in all trading days of this week. First 2 trading days, long bearish candle and small bearish candle in rest of...
All major technical indicators are supporting end of short term down trend; Hotel and Life Insurance sector lo...
This week NEPSE made volatility of 41.76 points. NEPSE made a high of 1198.48 and low of 1156.72 within a week. Index opened at 1196.41 points and closed at 1191.07 points with the...
Life Insurance sector lost the most this week; number of transaction fall by 17.35%; Weekly Wrap Up of the NEP...
NEPSE index movement: The Index opened at 1213.06 points and closed at 1196.41 points with the loss of 16.65 points (1.39%). On Sunday the index was down by 3.44 points, on Monday...
Finance sector lost the most; turnover decline by 13.52% to Rs 1.54 arba; Weekly Wrap Up of the NEPSE index
Market declined by 10.97 points (0.90%) this week. This week the market opened at 1224.03 points on Sunday and closed at 1213.06 points Thursday. On the first trading day the index...
Microfinance sector fell this week after continuous last two week rallies; Hydropower sector lost the most by...
NEPSE Index movement: The Index opened at 1263.84 points and closed at 1238.56 points with the loss of 25.28 points (2%). Market was bearish this week, index kept on losing p...
Company Analysis
Analysis
Nadep Laghubitta reports 43% fall in net profit for Q4 of FY 2075/76; EPS stands at Rs 10.73 and NPL at 4.21%
Nadep Laghubitta Bittiya Sanstha Limited (NADEP) net profit decline by 43.01% in the last quarter of the fiscal year 2075/76. As per the fourth quarter report published today, the microfinance company’s net profit and operating profit have decreased by 43.01% and 58.10% to Rs 2.69 crore from Rs 4.72 crores and Rs 2.87 crores from 6.85 crore respectively in the corresponding quarter of the previous FY 2074/75. The net profit decline due to mass provision for possible losses of Rs 7.03 crore and its NPL rises to 4.21% till Q4. The compan...
NIC Asia Laghubitta reports net profit of Rs 10.88 crore for Q4 of 2075/76; Paid-up capital stands at Rs 1 arb...
NIC Asia Laghubitta Bittiya Sanstha Limited has reported net profit of Rs 10.88 crore in the fourth quarter of FY 2075/76. The microfinance company’s deposit stood at Rs 57....
Adhikhola Laghubitta publishes unaudited quarterly report for Q4; reports growth in all major indicators
Adhikhola Laghubitta Bittiya Sanstha Limited (AKBSL) has reported an increase in net profit in the fourth quarter of the fiscal year 2075/76. According to the unaudited financial...
Barun Hydropower reports profit of Rs 5.20 lakh till Q4 of FY 2075/76; EPS stands at Rs 0.20 with paid-up capi...
Barun Hydropower Company (BARUN) has published the unaudited Q4 report for the fiscal year 2075/76. The company’s paid-up capital remains unchanged at Rs.25.51 crore compare...
Looking for another dividend from your investment portfolio? Sanima Bank brings 21% dividend offer to its shar...
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Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | KBL | Kumari Bank Limited | Issuer Rating | NA | [ICRANP-IR] BBB+ (Assigned) | 2019-09-19 |
| 2 | KBL | Kumari Bank Limited | Subordinated Debenture Programme | NPR 3,000 Million | [ICRANP] LBBB+ (Assigned) | 2019-09-19 |
| 3 | BOKL | Bank of Kathmandu Limited | Issuer Rating | NA | [ICRANP-IR] BBB+ (assigned) | 2019-09-10 |
| 4 | BOKL | Bank of Kathmandu Limited | Subordinated Debenture Program | NPR 600 million | [ICRANP] LBBB+ (reaffirmed) | 2019-09-10 |
| 5 | TPCL | Terhathum Power Company Limited | IPO (equity) Grading | NPR 120 Million | [ICRANP] IPO Grade 4+; assigned | 2019-09-08 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | EBL | Everest Bank Limited | Issuer Rating | NA | CARE-NP AA- (Is) [Double A Minus (Issuer rating)] Assigned | 2019-09-01 |
| 2 | 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 |
| 3 | 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 |
| 4 | SUCL | Sunrise Capital Limited (NCM/NIDC) | Fund Management Quality Rating (FMQR) | NA | CARE-NP AMC Quality 3 (AMC 3) Assigned | 2019-07-16 |
| 5 | 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 |
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 | Saptakoshi Development Bank Limited and Kabeli Bikas Bank Limited |
Saptakoshi Development Bank Limited | Development Bank | Acquisiton | Yes | 2019-06-12 | |
| 3 | Prime Commercial Bank Limited and Kankai Bikas Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 100:71.50 | Yes | 2019-09-01 |
| 4 | Tinau Development Bank Limited and Mission Development Bank Limited |
Tinau Mission Development Bank Limited | Development Bank | Merger | 1:1 | No | 2019-06-27 |
| 5 | 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 |
| 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 |
