- Himalayan Bank Limited reappoints Ashok Rana as CEO for the next four years; plans to bring in CDC as major investor
- Trump signs USD 2.2 trillion coronavirus relief plan
- Coronavirus: FM Sitharaman announces Rs 1.7 lakh crore relief package for poor
- Report black marketing at toll free number 1149
- Long term banking facilities of Pan Himalaya Energy worth Rs.6.96 Arba graded by Care Ratings Nepal
- Numbur Himalaya Hydropower’s long term banking facility worth Rs.3.33 Arba graded by Care Ratings Nepal
- Care Ratings grades banking facilities of Global Hydropower Limited; facility worth Rs.4.51 Arba graded
- Taksar Pikhuwa Khola Hydropower to raise bank facilities worth Rs.1.20 Arba; Care Ratings grades the issue
- Nepal Bank Limited aims to provide basic banking services during lockdown; look at all the facilities made available
- PM Oli returns home
Featured
NIC ASIA Bank promotes digital payment and online shopping to protect its customers against COVID 19; to give upto 10% cashback for online shopping at Merokirana
NIC ASIA Bank has partnered with Merokirana.com to provide 10% or upto Rs 500 to 1000 cashback while using bank’s Debit / credit cards and mobile banking service to make payment to Merokirana wh...
Exclusive News
Coronavirus expects to hit Nepalese economy really hard; What should be our approach towards it? A critical observation from Muktinath Bank CEO Mr. Pr...
The Covid–19 (coronavirus) global outbreak is first and foremost a public health crisis but the way situations are unfolding, it is also posing a huge economic threat. This crisis can be the catalyst to trigger a recession in some countries and deceleration of global annual growth to a recessionary threshold limit of below 2.5 percent for the global economy. Our country is also expected to go through similar socio-economic challenges contributing towards a bleak outlook of the future. However, all hope is not lost and there is a way forward to mitigate the financial/economical impact that this pandemic can cause in the coming days and m...
Letter to a fellow Investor- Monetize Your Fear
Hi, Fellow Investor, How was your last trading day?!! I mean how is the experience of high Stock Market Volatility that we are facing currently?!! This current scenario of...
Prevention and the situation Nepal is in for handling this pandemic; How the corona virus Pandemic c...
Ravi Timsina Disclaimer: The things I am about to share in this article are for the sake of informing the general public and also to show a different perspective on how a Pandemic...
Corona virus pandemic: Dear bankers, stay safe and stay healthy!
Dear bankers, The hospital staffs are playing the front line role in the Corona virus pandemic. However, you have been the backstage heroes throughout. Thank you for working almos...
Rumours over rules NEPSE? We can see how effectively rumours overrule and howsoever it tries hard bu...
Here, we are stressing about NEPSE to close trading for coming 13 days? But will that be a justice to general investors who invest in stocks for a purpose. When every other not so...
Announcement
- 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.
- 2020-03-23 Laxmi Capital Market Limited has postponed its 80 million units of Rs 10 face value each mutual fund scheme worth Rs 800 million (Laxmi Unnati Kosh) to the general public till further notice.
- 2020-03-23 Sahayogi Vikas Bank Limited has postponed its 16th Annual General Meeting.
- 2020-03-23 Citizens Bank International Limited has postponed its 5th Special General Meeting.
- 2020-03-23 Goodwill Finance Limited has allotted its (2,50,000 units @ Rs.1000 per unit) "Goodwill Finance Limited Debenture 2083" to the general public on 9th Chaitra, 2076 and refunding money to non-allottee investors from today (10th Chaitra, 2076).
- 2020-03-23 Neco Insurance Limited has announced its 24th AGM going to be held on 1st Baishakh, 2077.
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
- 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
- 47.62% Right shares of Api Power Company receive below average grade from ICRA; issue of 5.67 Million units graded
- Janautthan Samudayic Laghubitta to convene 9th AGM on Chaitra 27; distribution of 25% bonus and 200% right issue to be endorsed
IPO News
- 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
- SEBON adds IPO issue of two microfinance companies under preliminary review; IPO worth total of Rs.7.93 Crore to be issued
- SEBON gives final approval for IPO issue of NIC Asia Laghubitta; company to issue Rs 47.55 crore IPO soon
Interviews
Expect a 'game changer' in the economic and social sector: Finance Minister Dr Khatiwada
2 months 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...
5 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";...
6 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 | 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)
NEPSE Index declined 107.88 points (7.83%) in the trading week between 15th March to 19th March, 2020. This week, NEPSE open at 1377.18 points and made a low of 1234.16 but close at 1269.30 points on Thursday. This week's market statistics: Index Open- 1377.18 points Index Close- 1269.30 points Index High- 1377.18 points Index Low- 1234.16 points Candles...
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...
NEPSE Index declined 196.47 points (12.04%) in the trading week between 1st March to 5th March, 2020. This week market opened at 1632.17 points and close at 1408.82 points on Thurs...
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
NMB Hybrid Fund L-1 (NMBHF-1), 7 years closed-end mutual fund scheme’s NAV increased to Rs.11.11 in the month of Falgun compared to NAV of the previous month of Rs.11. The s...
Look at the performance of the two mutual funds schemes managed by NIC Asia Capital till Falgun end
NIC Asia Growth Fund (NICGF), a closed-end 7 years mutual fund scheme managed by NIC Asia Capital Limited with NIC Asia Bank Limited as the fund sponsor, has published its monthly...
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
NIBL Samriddhi Fund-1 (NIBSF1), a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited, has reported an increase in Net Asset Value (NAV) on Falgun end. Accord...
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 | BOKL | Bank of Kathmandu Limited | Subordinated Debenture Programme | NPR 600 million | [ICRANP] LBBB+ (Reaffirmed) | 2020-02-07 |
| 5 | BOKL | Bank of Kathmandu Limited | Issuer rating | NA | [ICRANP-IR] BBB+ (Reaffirmed) | 2020-02-07 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | PCBL | Prime Commercial Bank Limited | Subordinated Debenture | NPR 3,500.00 Million | CARE-NP A- [Single A Minus] Assigned | 2020-03-03 |
| 2 | PCBL | Prime Commercial Bank Limited | Issuer Rating | NA | [CARE-NP] A- (Is) [Single A Minus (Issuer)] Assigned | 2020-03-02 |
| 3 | 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 |
| 4 | 12ICFC2083 | 12% ICFC Finance Limited Debenture 2083 | Issuer Rating | NA | CARE-NP BBB- (Is) (Triple B Minus [Issuer Rating]) Assigned | 2020-01-10 |
| 5 | 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 |
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 |
