- Unnati Microfinance to convene its 4th AGM on Magh 26; Endorsement of 40.5% bonus
- Saptakoshi and Kabeli Bikas Bank on final stages of merger; Planning to start joint operation from the start of FY 2076/77
- Laxmi Bank to convene its 18th AGM on Magh 28, 2075; Shareholders to receive 8.50% bonus shares
- Chautari Laghubitta reports 209.9% growth in Net profit; annualized EPS stands at Rs 11.31
- Airports, customs, trade: Europe preps for a chaotic Brexit
- Government to buy rail engine; to set up an office to operate ship
- CG Telecom operation put on hold after Supreme Court verdict
- NBSM seals off three petrol stations in Bara
- Airlifted to Kathmandu in wee hours, protesting Dr KC under medical care at TU Hospital
- Wildfire that engulfed hundreds of hectares of Parbat forests goes out of control
Featured
Weekly wrap up of NEPSE Index: Upper Tamakoshi gains the most
NEPSE index movement: NEPSE index has formed two bullish and three bearish candles this week. The index opened at 1181.53 points and closed at 1187.77 points with the gain of 6.15 points (0.52%). Thi...
Exclusive News
Decreased inflation, increased remittance, deficit current account, decreased FDI flows, fiscal surplus, increased expenditure, increased revenue: The...
The central bank of the country published its macro-economic update based on five month’s data of 2018/19. 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. Some of the major highlights from the reports are: Inflation: Inflation remained at 3.7% in the review month compared to 4.2% of the same period last year. Import: Imports of the nation expanded 34.2% whereas export by only 11.2%. Services: Net service deficit increased to Rs 8....
Standardization of Services and the Democratization of the Nepali Stock Market
Sudarshan Kadariya Finanacial and Accounting Professional, Cox and Kings Global Services (CKGS) USA For comments: Su.kadariya@gmail.com A tourist might have a problem in...
Are you seeking private equity funding? See the list of factors that private equity investors evalua...
Jonish Maharjan Research analyst, Aakash Capital Limited Private Equity (PE) and Venture Capital (VC) are the sources of equity fund which finance new and rapidly growing compani...
Debenture issues adversely affected by liquidity shortage in market; two under-subscribed, two ready...
-Aakriti Thakali In the simplest terms, Debentures are debt instruments issued by corporate bodies or organizations, which is not secured by physical assets or collateral but rath...
Authorities’ decision to list new manufacturing companies in NEPSE: A fair play or a repeating mista...
-Madhu Gaire (Research analyst; Aakash Capital Limited) At present, Nepal Stock Exchange (NEPSE) is highly dominated by Bank and Financial sectors. NEPSE is dominated by Bank and...
Announcement
- 2019-01-18 Machhapuchchhre Bank Limited has posted net profit of Rs 781.37 million and published its 2nd quarter company analysis of the fiscal year 2075/76.
- 2019-01-18 Everest Bank Limited has posted net profit of Rs 1.42 billion and published its 2nd quarter company analysis of the fiscal year 2075/76.
- 2019-01-18 Sunrise Bank Limited is distributing 11.50% cash dividend directly to bank accounts and has urged to dematerialize their shares certificate.
- 2019-01-18 Naya Nepal Laghubitta Bittiya Sanstha Limited has allotted its 47,763 unit promoter shares in auction to the general public and refunding money to non-allottee investors from (1st Magh, 2075).
- 2019-01-18 Swabhiman Microfinance Bittiya Sanstha Limited has changed its name to Swabhiman Laghubitta Bittiya Sanstha Limited.
- 2019-01-18 Civil Bank Limited has published a notice regarding new interest rate and its effective from 4th Magh, 2075.
- 2019-01-17 Tamakoshi Hydropower Company Limited has announced its 1st and 2nd AGM going to be held on 24th Magh, 2075.
- 2019-01-17 Laxmi Bank Limited has published a notice regarding new interest rate and its effective from 1st Magh, 2075.
- 2019-01-17 Himalayan Bank Limited is distributing 5% bonus share directly to DEMAT accounts and 10.7895% cash dividend directly to bank accounts to its shareholderes.
- 2019-01-17 Womi Microfinance Bittiya Sanstha Limited has posted net profit of Rs 26.25 million and published its 2nd quarter company analysis of the fiscal year 2075/76.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Asha Laghubitta Bittiya Sanstha Limited | 674,000 | Coming Soon | Coming Soon | Coming Soon | |
| 2 | Ghalemdi Hydro Limited | 1,533,770 | 2019-01-03 | 2019-01-07 | Closed | |
| 3 | Chautari Laghubitta Bittiya Sanstha Limited | 600,000 | 2018-12-05 | 2018-12-09 | Closed | |
| 4 | Joshi Hydropower Development Company Limited | 1,690,470 | 2018-12-02 | 2018-12-05 | Closed | |
| 5 | Samudayik Laghubitta Bittiya Sanstha Limited | 300,000 | 2018-11-18 | 2018-11-21 | Closed |
Dividend, Bonus & Rights
- Reliance Finance’s AGM delayed due to unsold promoter shares; “ AGM for FY 73/74 and 74/75 will be convened soon”, assures Deputy CEO
- Nepal Bank’s shareholders to again face disappointment; Bank deemed unable to provide any kind of dividend
- Sahara Bikas Bank to convene its 7th AGM on Magh 23; Shareholders to receive 24.21% dividend for the FY 2073/74
- Last day to hold the shares of Sana Kisan Laghubitta to secure its 26.31% dividend; AGM to be convened on Magh 18
- Gurans Life Insurance required to take approval for issuance of 50% right shares again; Company lags behind by 210% to meet minimum paid-up capital
- Salt Trading Corporation to distribute 25% bonus share and 10% cash dividend for FY 74/75; dividend similar as distributed in the previous year
- NBB, MBL, PURBL and NTC published notice regarding distribution of cash dividend directly to the bank accounts of respective shareholders
- Nepal Credit and Commerce Bank allots 79.10 Lakh units of auctioned promoter and ordinary right shares; non-allottees to get refund form today
- Gurans Life Insurance proposes 8.421% dividend; Paid-up capital to reach Rs 61.15 crore after 8% bonus shares adjustment
- NEPSE suspends trading in shares of Salt Trading Corporation and Taragaon Regency Hotels; Both companies accused of not providing sensitive information on time
IPO News
- IPO alert for investors; Dish Home concludes 9th AGM endorsing issuance of 10% of paid-up value
- Samudayik Laghubitta’s IPO: Why hasn’t it been listed yet?
- Ghalemdi Hydropower’s IPO allotment concludes; 43,993 applicants receive 30 units while 10,699 applicants receive 20 units
- One more hydropower company set to issue IPO; Himal Dolakha’s 78 lakh unit shares added in SEBON’s IPO pipeline
- SEBON adds restructured 4.63 lakh unit shares of Janasewi Laghubitta in its IPO pipeline; Restructured 1.98 lakh units of Swabhimaan Laghubitta also added in IPO pipeline
- Asha Laghubitta to float 6.74 lakh unit shares as IPO soon; SEBON provides final approval
- Panchthar Power Company's IPO for locals floats from today; Company issuing 9.62 lakh unit shares
- IPO of Universal Power Company under-subscribed till today; Issue extended till Magh 06
- Can Upper Tamakoshi change the fate of Hydropower Companies in stock market? 4.13 crore unit shares to start trading from Rs 74.90 – Rs 224.70
- Shiva Shree Hydropower IPO for locals of Sindhupalchowk opens from today; Applications can be placed for minimum 50 units
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
5 days 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...
2 weeks 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...
3 weeks 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...
3 weeks 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...
1 month 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 | Janasewi Laghubitta Bittiya Sanstha Limited | 463,300 | Microfinance | |
| 2 | Himal Dolakha Hydropower Company Limited | 7,800,000 | Non Category | (For Local People : 16,00,000 kitta For General Public : 62,00,000 kitta ) |
| 3 | Mountain Hydro Nepal Limited | 1,816,110 | Non Category | (Including Unsubscribed 5,66,110 Share issued to Local People) |
| 4 | Himalaya Urja Bikas Company Limited | 1,485,000 | Non Category | |
| 5 | Guras Laghubitta Bittiya Sanstha Limited | 250,000 | Microfinance |
Sub Indices
As of 2019-01-17
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,009.84 | 1,009.84 | 1,006.14 | 1,006.79 | 123,969,000 | -2.81 | -0.28 | 2,025.79 | 975.43 |
| Development Bank | 1,465.44 | 1,466.44 | 1,454.76 | 1,466.23 | 57,492,600 | -0.71 | -0.05 | 1,714.20 | 1,372.56 |
| Finance | 610.10 | 612.54 | 609.73 | 609.73 | 42,900,000 | -0.12 | -0.02 | 722.78 | 586.92 |
| Hotels | 1,735.27 | 1,746.35 | 1,735.27 | 1,738.09 | 664,900 | -2.72 | -0.16 | 2,158.90 | 1,663.00 |
| HydroPower | 1,331.05 | 1,331.66 | 1,323.89 | 1,329.67 | 28,821,600 | 40.81 | 3.17 | 1,881.57 | 1,131.16 |
| Life Insu | 6,226.89 | 6,226.89 | 6,160.35 | 6,175.74 | 17,279,200 | -45.26 | -0.73 | 6,456.18 | 4,923.90 |
| Manufacturing And Processing | 2,251.96 | 2,251.96 | 2,241.43 | 2,241.43 | 943,460 | -4.24 | -0.19 | 2,493.74 | 0.00 |
| Microfinance | 1,440.01 | 1,447.45 | 1,436.41 | 1,447.45 | 40,738,200 | 9.26 | 0.64 | 1,847.80 | 1,225.35 |
| Non Life Insu | 5,749.25 | 5,750.29 | 5,684.07 | 5,684.07 | 40,440,800 | -62.36 | -1.09 | 6,201.18 | 4,855.54 |
| Others | 752.73 | 761.75 | 751.50 | 758.09 | 24,498,600 | 2.48 | 0.33 | 804.59 | 655.84 |
| Trading | 249.98 | 249.98 | 244.15 | 249.81 | 2,155,730 | -3.12 | -1.23 | 259.10 | 0.00 |
Company Analysis
Analysis
Chautari Laghubitta reports 209.9% growth in Net profit; annualized EPS stands at Rs 11.31
Chautari Laghubitta Bittiya Sanstha (CHLBS) has published its second-quarter report for the FY 2075/76. CHLBS has posted paid-up capital worth Rs.18.6 crore which was Rs. 12.60 crore for the first quarter of FY 75/76. After the first quarter, CHLBS had floated IPO worth of Rs 6 crore. The company has reserves worth Rs.2.54 Crore which fell from Rs.10.95 Crore posted in the corresponding quarter of the previous year. The company has borrowings worth Rs.57.91 Crore. Similarly, the company has deposits worth Rs.33.24 Crore and loans worth R...
Machhapuchchhre Bank continues its outstanding performance in Q2 as well; EPS stands at Rs 19.40 with 60% rise...
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Everest Bank’s EPS rises to Rs 35.28; Profit rises by 16% in the Q2
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Womi Microfinance reports 41.97% rise in net profit; EPS and Net worth per share stand at Rs 51.94 and Rs 174....
Womi Microfinance Bittiya Sanstha Limited (WOMI) has reported rise of 41.97% in net profit for the second quarter of the fiscal year 2075/76. Publishing the unaudited financial re...
NIC Asia shows outstanding performance in Q2 with 164% rise in profit; EPS climbs to Rs 34.22
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Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | SANJEN | Sanjen Hydropower Company Limited | IPO (equity) Grading | NPR 547.50 Million | [ICRANP] IPO Grade 4+ (Assigned) | 2019-01-13 |
| 2 | SHUVAM | Shuvam Power Limited | IPO (equity) Grading | NPR 58.058 million | [ICRANP] IPO Grade 5 (Assigned) | 2019-01-13 |
| 3 | MERO | Mero Microfinance Laghubitta Bittiya Sanstha Limited | Rights Share Issue (equity) Grading | NPR 328.90 Million | [ICRANP] IPO Grade 4+ (Assigned) | 2019-01-13 |
| 4 | LAXMICAP | Laxmi Capital Market Limited | Fund Management Quality Rating (FMQR) | NA | [ICRANP] AMC Quality 3 (AMC 3) (Reaffirmed) | 2019-01-03 |
| 5 | GHALE | Ghalemdi Hydro Limited | IPO (equity) Grading | NPR 155.577 Million | [ICRANP] IPO Grade 5 (Assigned) | 2018-12-20 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | NGPL | Ngadi Group Power Limited | Right Share Issue | Rs. 160.6664 Million | CARE-NP IPO Grade 3 [IPO Grade Three] ( Assigned) | 2019-01-08 |
| 2 | SRBL | Sunrise Bank Limited | Subordinate Bond (10% Debenture 2080) | 1000 Million | CARE-NP A- [Single A Minus] (Assigned) | 2018-12-13 |
| 3 | SRBL | Sunrise Bank Limited | Issuer Rating | NA | CARE-NP A- (Is) [Single A Minus (Issuer Rating)] (Reaffirmed) | 2018-12-13 |
| 4 | SPHL | Sayapatri Hydropower Limited | Initial Public Offer | 90 Million | CARE-NP IPO Grade 5 [IPO Grade Five] (Assigned) | 2018-12-07 |
| 5 | SNLICL | Sun Nepal Life Insurance Company Limited | Initial Public Offer (IPO) | 600 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2018-11-14 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | Prime Commercial Bank Limited and Om Development Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 100:80 | No | 2018-08-19 |
| 2 | Mountain Eneryg Nepal Ltd, Robust Energy Ltd and Aadhisakti Vidhyut Bikas Co. Ltd |
Mountain Energy Nepal Limited | Non Category | Acquisiton | No | 2018-09-13 | |
| 3 | Best Finance Company Limited & Synergy Finance Limited | Best Finance Company Limited | Finance | Acquisiton | 1:1 | Yes | 2018-07-02 |
| 4 | Rastriya Banijya Bank Limited and NIDC Development Bank Limited | Rastriya Banijya Bank Limited | Non Category | Merger | 1:1 | No | 2018-04-05 |
| 5 | NIBL Capital Markets Limited and Ace Capital Limited | NIBL Ace Capital Limited | Merchant Bank | Acquisiton | 1:1 | No | 2018-01-25 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Jyoti Bikash Bank Limited & Hamro Bikas Bank Limited |
Jyoti Bikash Bank Limited | Development Bank | Acquisiton | 2018-07-15 |
| 2 | Deva Bikas Bank Limited & Western Development Bank Limited | Deva Bikas Bank Limited | Development Bank | Acquisiton | 2018-07-10 |
| 3 | Deva Bikas Bank Limited & Sahara Bikas Bank Limited | Deva Bikas Bank Limited | Development Bank | Acquisiton | 2017-06-09 |
