- NRB invites Chairmans and CEOs of banks to five star hotel; Goal? Financial market consolidation
- NEPSE index falls to 1258.29 points after loss of 2.78 points today; Himalayan Distillery Limited posts turnover of Rs.19.42 Crore
- Upper Tamakoshi cancel AGM due to absence of minimum limit of shareholders required to convene the AGM; minimum presence of 67% shareholding investors required
- Bank of Kathmandu and NMB Bank urge demat account holders to deposit annual operation fee within stipulated time for uninterrupted service
- Sanima Equity Fund investment in listed shares increase by Rs.10.50 Crore by the end of Jestha; NAV falls to Rs.11.15
- Premier Insurance 25th AGM to endorse 84% bonus shares and provide authority to BOD for M&A
- Hydropower giant Upper Tamakoshi and Surya Life Insurance to convene AGM today; UPPER to get 4 new directors
- Kathmandu Metropolis releases 15.50 billion budget; Rs 1.55 billion is allocated for capital expenditure
- China urged for additional investment in Nepal's hydro energy and hydro electricity
- NCHL receives Mr. Naresh Shakya as its new Chairman; Shakya is currently working as an Executive Director of Banking office, NRB
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Exclusive News
How have the non-life insurance companies grown over the period of 5 years; See the compounded growth rate for major indicators
The Insurance Industry of Nepal has gone through quite a phase and has grown significantly. Even inside the Insurance sector, the non-life insurance sector has reported more growth than the life insurance sector. The non-life insurance companies have more avenues to play in and more chances at bringing new and innovative products. The growth of non-life insurance sector jumped after the third party insurance of vehicles was made mandatory by the government. Apart from that, we can see that the companies are becoming more and more innovative in the recent period. Some have entered the agricultural sector offering crops and harvest insurance....
Life Insurance sector reports an average compounded annual growth of 27.4% in major indicators for t...
The insurance industry, over the years, has shown considerable growth in Nepal. The industry experienced a turnaround after the devastating earthquake of 2015. However, we'll neve...
What do the economic parameters indicate about the economy in the last ten months?
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Which sector is more volatile with respect to change in NEPSE? Find out the risk involved in each se...
On the last day of the previous month i.e. 30th May, 2019, the NEPSE index reached a high of 1349.38 points. But it closed at 1319.47 points. Since then, NEPSE has been on a losing...
Self-made Nepalese billionaire Binod Chaudhary brings in criticisms to concerned authorities for the...
Mr. Binod Chaudhary; the self-made Nepalese billionaire is yet again in news because of his recent speech in the parliamentary. His honest remarks on economy and ministry during hi...
Announcement
- 2019-06-26 Premier Insurance Company (Nepal) Limited has announced its 25th AGM going to be held on 31st Ashad, 2076.
- 2019-06-26 Sanima Capital Limited has published “Sanima Equity Fund” Net Asset Value (NAV) till Ashad, 2076.
- 2019-06-26 Bank of Kathmandu Limited & BOK Capital Market Limited has published a notice to pay annual charge for DMAT account renewal.
- 2019-06-26 NMB Capital Limited & NMB Bank Limited has published a notice to pay annual charge for DMAT account renewal.
- 2019-06-26 Century Commercial Bank Limited has published a notice to pay annual charge for DMAT account renewal.
- 2019-06-26 Kriti Capital & Investments Limited has published a notice to pay annual charge for DMAT account renewal.
- 2019-06-26 Civil Bank Limited has published a notice regarding new interest rate.
- 2019-06-25 Shine Resunga Development Bank Limited has announced its Special General Meeting going to be held on 27th Ashad, 2076.
- 2019-06-25 Bhargav Bikash Bank Limited has announced its Special General Meeting going to be held on 27th Ashad, 2076.
- 2019-06-25 Purnima Bikas Bank Limited has announced its Special General Meeting going to be held on 27th Ashad, 2076.
Investment/Existing Issues
| S.No | Company Name | Units | Opening Date | Closing Date | Status | View |
|---|---|---|---|---|---|---|
| 1 | Infinity Laghubitta Bittiya Sanstha Limited | 674,000 | 2019-05-27 | 2019-05-30 | Closed | |
| 2 | Himal Dolakha Hydropower Company Limited | 6,200,000 | Coming Soon | Coming Soon | Coming Soon | |
| 3 | Janasewi Laghubitta Bittiya Sanstha Limited | 463,300 | 2019-05-10 | 2019-05-14 | Closed | |
| 4 | Swabhimaan Laghubitta Bittiya Sanstha Limited | 198,610 | 2019-05-10 | 2019-05-14 | Closed | |
| 5 | Gurans Laghubitta Bittiya Sanstha Limited | 250,000 | 2019-04-29 | 2019-05-03 | Closed |
Dividend, Bonus & Rights
- NEPSE listed 40.14 lakh unit right shares of Nepal Insurance Company
- Last trading day to grab massive 865% right shares of Multipurpose Finance; last trading price stands at Rs 207
- SEBON gives final approval to proposed 240% right issue of United Insurance; total of 7.25 million units to be issued soon
- Janautthan Samudayic Laghubitta to convene 8th AGM on 30th Asadh, 2076; distribution of 21.053% dividend and 200% rights to be endorsed
- Life Insurance Corporation transferred 12% bonus shares directly to shareholders demat account; urges investors to dematerialize shares if pending
- Asian Life Insurance is closing auction of 2,21,359 units unsold right shares; interested investors can apply till banking hour today
- Nepal Insurance proposed 7.5% bonus for its shareholders; Paid-up capital to reach Rs 1.09 arba
- Massive 1:8.65 ratio right shares of Multipurpose Finance opens from Ashad 23; investors holding shares till Ashad 10 are eligible
- IME General Insurance announces 21st AGM on 29th Asadh, 2076; 5% bonus shares to be endorsed
- Grameen Bikas Laghubitta closing 50% right shares issue; eligible investors can apply till banking hour today
IPO News
- Nepal Bangladesh Bank "10.25% NBBL Debenture 2085” closes from today; debenture matures in 10 years
- Last day to apply for the public issue of Citizens Mutual Fund 2; interested investors can apply till 5PM today
- SEBON approves IPO issuance of two microfinance companies; more than 5 Lakh units of shares to be available to general public soon
- Himal Dolkha Hydropower Company IPO receives poor response from locals of Ilam; less than 10% of the issue subscribed
- Care Ratings Nepal assigns below average fundamental to the proposed IPO issue of Singati Hydro Energy Limited
- United Idi-Mardi and R.B. Hydropower Limited looking to issue IPO worth Rs.10.50 Crore; Care Ratings assigns below average ratings
- Infinity Laghubitta IPO issue to be allotted on 22nd Jestha, 2076; Almost 81% of applicants to return empty handed
- Reliance Life Insurance appoints Sanima capital as an issue manager for its upcoming IPO issue
- NIBL Ace Capital to sell 1.25 crore units NIBL Sahabhagita fund from today; investors can apply minimum of Rs 1000
- Allotment of Nabil Balanced Fund II concludes; Fund size stands at Rs 1.12 arba with huge number of invalid applications
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 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 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...
5 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...
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Establishing the culture of Gold Financing in Nepal through partnership with Muthood Finance; Exclusive interv...
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“The problem of liquidity will be solved once BFIs, NBA and NRB come together” An interview with Mr. Chinta Ma...
6 months 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 | Liberty Energy Company Limited | 3,750,000 | Non Category | |
| 2 | Adhikhola Laghubitta Bittiya Sanstha Limited | 400,000 | Microfinance | |
| 3 | Greenlife Hydropower Limited | 3,496,400 | Hydropower | |
| 4 | Mountain Energy Nepal Limited | 1,968,027 | Non Category | (For Local People : 19,68,027 Kitta For General Public : 19,68,027 Kitta) |
| 5 | Sabaiko Laghubitta Bittiya Sanstha Limited | 530,000 | Microfinance |
Sub Indices
As of 2019-06-26
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,135.44 | 1,136.53 | 1,128.74 | 1,131.49 | 183,674,000 | -3.23 | -0.28 | 1,214.35 | 936.83 |
| Development Bank | 1,595.19 | 1,598.09 | 1,589.86 | 1,594.45 | 56,591,800 | -0.94 | -0.06 | 1,646.32 | 1,372.56 |
| Finance | 617.38 | 618.68 | 616.61 | 617.36 | 35,235,000 | -0.55 | -0.09 | 643.11 | 584.35 |
| Hotels | 2,066.97 | 2,093.12 | 2,065.97 | 2,069.82 | 2,123,500 | 0.60 | 0.03 | 2,248.03 | 1,674.22 |
| HydroPower | 1,197.41 | 1,199.01 | 1,185.66 | 1,193.32 | 26,120,700 | -5.71 | -0.48 | 1,508.32 | 1,101.83 |
| Life Insu | 6,034.05 | 6,034.05 | 5,995.31 | 6,026.74 | 13,222,100 | -11.18 | -0.19 | 7,242.33 | 4,923.90 |
| Manufacturing And Processing | 2,695.18 | 2,707.76 | 2,695.18 | 2,703.44 | 205,607,000 | -6.12 | -0.23 | 2,879.94 | 0.00 |
| Microfinance | 1,430.37 | 1,433.23 | 1,425.23 | 1,425.91 | 30,176,400 | -3.86 | -0.27 | 1,671.79 | 1,244.71 |
| Mutual | 9.59 | 9.62 | 9.58 | 9.62 | 405,248 | 0.02 | 0.21 | 10.15 | 9.27 |
| Non Life Insu | 5,159.65 | 5,183.76 | 5,140.75 | 5,152.05 | 43,296,700 | -4.91 | -0.10 | 6,214.65 | 4,855.54 |
| Others | 724.58 | 727.97 | 721.68 | 725.57 | 16,641,500 | 0.46 | 0.06 | 781.90 | 689.69 |
| Trading | 263.81 | 263.81 | 263.81 | 263.81 | 31,940 | 2.53 | 0.97 | 266.39 | 0.00 |
Company Analysis
Analysis
Himalayan Distillery Limited emerges as today’s trending stock with massive turnover; look at the details of the trade (Exclusive floor sheet analysis...
Himalayan Distillery Limited (HDL) has not only been a veteran player of the stock market but also of the brewery industry in Nepal. It was established on 24th July, 1985 as a private company and later was converted into a public company on 3rd November, 2000. Himalayan Distillery offers wide varieties of best alcoholic products that come through its Hi-tech processes. Himalayan Distillery has over 11.76 million liters of production capacity (annually). It has been continuously engaging and persuading distributors, wholesalers and retailers by...
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Nepal Reinsurance Company publishes third quarter highlights for FY 75/76; net profit stands at Rs.89.13 Crore
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Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | BBHCL | Buddha Bhumi Hydropower Company Limited | IPO (equity) Grading | NPR 120 Million | [ICRANP] IPO Grade 4+ (Assigned) | 2019-06-18 |
| 2 | MBL | Machhapuchchhre Bank Limited | Issuer Rating | NA | [ICRANP-IR] A- (assigned) | 2019-06-14 |
| 3 | MBL | Machhapuchchhre Bank Limited | Subordinated Debenture Programme | NPR 3,000 million | [ICRANP] LA- (reaffirmed) | 2019-06-14 |
| 4 | MNBBL | Muktinath Bikas Bank Limited | Rights Issue (equity shares) | ~NPR 613 Million | [ICRANP] IPO Grade 3; Assigned | 2019-06-12 |
| 5 | PRVU | Prabhu Bank Limited | Issuer Rating | NA | [ICRANP-IR] BBB (Assigned) | 2019-06-07 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | SHEL | Singati Hydro Energy Limited | Initial Public Offer | NPR 435.00 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2019-06-10 |
| 2 | UIMRBHL | United Idi-Mardi and R.B. Hydropower Limited | Initial Public Offer | NPR 105.00 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2019-06-07 |
| 3 | HBL | Himalayan Bank Limited | Issuer Rating | NA | CARE-NP A (Is) [Single A (Issuer)] (Assigned) | 2019-06-02 |
| 4 | HBL | Himalayan Bank Limited | Subordinated Debenture “10% Himalayan Bank Limited Bond 2083” | NPR 3000 Million | CARE-NP A [Single A] (Assigned) | 2019-06-02 |
| 5 | SMATA | Samata Laghubitta Bittiya Sanstha Limited | Right Share issue | NPR 121.344 Million | CARE-NP IPO Grade 4 [IPO Grade Four] (Assigned) | 2019-05-17 |
Mergers & Acquisitions
| S.No | Name of Mergred Companies | Company Name | Sector | Action | Swap Ratio | Trading | Joint Date |
|---|---|---|---|---|---|---|---|
| 1 | Jyoti Bikash Bank Limited & Hamro Bikas Bank Limited |
Jyoti Bikash Bank Limited | Development Bank | Acquisiton | 1:1 | Yes | 2019-03-11 |
| 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 | Commercial Bank | 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 | Prime Commercial Bank Limited and Kankai Bikas Bank Limited |
Prime Commercial Bank Limited | Commercial Bank | Acquisiton | 2019-06-05 |
| 2 | Aarambha Microfinance Bittiya Sanstha Limited and Chautari Laghubitta Bittiya Sanstha Limited |
Chautari Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | 2019-06-05 |
| 3 | Nepal Community Development Bank Limited, Tinau Development Bank Limited and Mission Development Bank Limited |
Tinau Mission Development Bank Limited | Development Bank | Merger | 2019-05-22 |
| 4 | Kalika Laghubitta Bittiya Sanstha Limited and Janasewi Laghubitta Bittiya Sanstha Limited |
Merger | |||
| 5 | Mirmire Laghubitta Bittiya Sanstha Limited, Nagbeli Laghubitta Bikas Bank Limited and Kisan Microfinance Bittiya Sanstha Limited |
Kisan Microfinance Bittiya Sanstha Limited | Microfinance | Merger |
