- ICRA Nepal assigned Ratings to Sarbottam Cement Private Limited with with negative implications
- Rajesh Metal Crafts Private Limited Rs 550 crore short term loans rating Reaffirmed at A2
- ICRA Nepal reaffirmed A3 rating to Short-term loans and withdrawn of long term loan of R.M.C. Cement Private Limited
- Care Rating Nepal has assigned Double B and A four rating to A.S.T. Private Limited
- NEPSE supports government’s decision to extend lockdown; trading activities halted till Jestha 32
- Public health emergency act to come into effect with rise in COVID-19 cases
- Fonepay achieves Payment Card Industry Data Security Standard Level 1 Certification
- Private sector urged the government to make arrangements for making the economy functional
- Spain reports no virus deaths for first time since March; recorded only 71 new infections over past 24 hours
- Bank of Kathmandu provides PPE and other protection gears to Bir Hospital; supports to protect medical staff from possible Covid infection
Featured
NRB brings refinancing work procedure, 2077 which allows up to Rs 1.5 million for refinancing the small and cottage industries
The Nepal Rastra Bank has introduced the refinancing work procedure, 2077 which allows up to Rs 1.5 million for refinancing the small and cottage industries. The procedure has been introduced to prop...
Exclusive News
Examining Management from Ethical Perspectives in the Listed Public Firms
Management is synonymous with decision making, the best choice, which is the manager's conscious action upon choice in a situation. Good decisions ensure the continuity of the business despite an uneven business environment. Such practices should be acceptable and permissible from the moral ground for sustainable as well as for the prosperity of the business. Beyond legal codes for compliance, there are other actions equally important, are the consciousness of management ethics. It relies on the management’s self-guided moral viewpoints about the broader society directly or indirectly linked with the business practices. The societa...
World economy slowly recovers! But are We Still Trying to Paint a Gloomy Picture?
It is apparent that the Year 2020 started its resolution by “Paralyzing the World’s Economy” and pushed countries around the world to fight an invisible enemy &nd...
Can Nepalese agriculture sector get revolutionary changes through Microfinance post-pandemic? A revi...
As our budget 2077/78 has been focused on agriculture sector and its upliftment with various programs such as Kisan Credit Card 150,000 agricultural jobs Bhumi Bank for agricu...
Economic downturn and the Monetary containment; NRB and Finance Ministry needs to bailout nations’s...
Covid-19 impacts have become detrimental to Nepal alike the biggest and least developed economies facing in the pertinent situation. Now the Prominent role of the state is to conta...
A Simple Observation of Budget 2077/78 with Comments and Suggestions
Every year since the introduction of new constitution in our country, Jestha 15th has been our Budget day as well as Republic day. It was itself a challenge for government to prese...
Announcement
- 2020-06-03 Himalayan Power Partner Limited has published its 3rd quarter company analysis of the fiscal year 2076/77.
- 2020-06-02 Nepal Stock Exchange Limited has published a notice regarding halt of trading till 32nd Jestha, 2077.
- 2020-06-02 Citizens Bank International Limited has reannounced it's postponed 5th Special General Meeting dated 27th Jestha, 2077.
- 2020-06-01 Nepal Bangladesh Bank Limited has published a notice regarding new interest rate and its effective from 19th Jestha, 2077.
- 2020-06-01 Rastriya Banijya Bank Limited has published a notice regarding new interest rate and its effective from 19th Jestha, 2077.
- 2020-06-01 Rastriya Banijya Bank Limited has published a notice regarding new interest rate and its effective from 19th Jestha, 2077.
- 2020-06-01 Sarathi Laghubitta Bittiya Sanstha Limited has announced it's Special General Meeting going to be held on 5th Ashad, 2077.
- 2020-05-31 Karnali Development Bank Limited has posted a net loss of Rs 3.84 million and published its 3rd quarter company analysis of the fiscal year 2076/77.
- 2020-05-31 Karnali Development Bank Limited has posted a net loss of Rs 5.92 million and published its 2nd quarter company analysis of the fiscal year 2076/77.
- 2020-05-31 Universal Power Company Limited has posted a net profit of Rs 42.38 million and published its 3rd quarter company analysis of the fiscal year 2076/77.
AGM - SGM
| Symbol | AGM | Book Closure | AGM Date | Fiscal Year |
|---|---|---|---|---|
| SBBLJ | 16th | 2020-03-11 | 2020-06-06 | 2075/2076 |
| MUKTINATHCAP | 10th | 2019-09-13 | 2075/2076 | |
| UFL | 25th | 2019-12-30 | 2020-01-14 | 2075/2076 |
| SWBBL | 18th | 2019-12-17 | 2020-01-05 | 2075/2076 |
| PROVID | 6th | 2020-01-24 | 2075/2076 | |
| SLBS | 7th | 2019-12-07 | 2019-12-21 | 2075/2076 |
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
- NLG Insurance Company to postpone 60% right issue until further notice; decision comes after extension of lockdown
- Shareholders of Gurans Life Insurance need to wait some more time for 100% right shares; NMB Capital decides to postpone the issue sighting the Coronavirus lockdown
- Good news for applicants who failed to apply 60% right shares of Prudential Insurance; NMB Capital extends application deadline until further notice sighting Coronavirus lockdown
- 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
IPO News
- RBB Merchant Bank to carry out allotment process of Nepal Reinsurance IPO under extreme caution tomorrow; minimum number of people to be present
- Nepal Reinsurance Company IPO allotment not possible during lockdown as per the issue manager; investors have to wait
- Proposed IPO issue of IME Life Insurance receives below average fundamentals from Care Ratings; issue worth Rs.60 Crore graded
- 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
Interviews
Let’s invest money for capital formation instead of buying sophisticated vehicles: Finance Minister Dr Khatiwada
2 months agoAs the spread of coronavirus pneumonia has created risks on multiple sectors, the government has come up with some measures to tackle those impacts of COVID-19 on economy and other areas expecting to maintain stability. Against this backdrop, Minister for Finance, who is also the Minister for Communications and Information Technology, Dr Yubaraj Khaitwada has talked to Rastriya Samachar Samiti (RSS) about the government measures to combat COVID-19, economic relief packages and other things that...
Expect a 'game changer' in the economic and social sector: Finance Minister Dr Khatiwada
4 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 f...
Everest Bank Limited marks its 25th anniversary welcoming new CEO Mr. Gajendar Kumar Negi, who says “While wor...
7 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";...
8 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...
Auction Data
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A Year 2076 BS in review: Microfinance sector is the top gainer; total turnover rises by massive 102.19% and Naasa Securities lead among brokers
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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 2020-05-13
| Sub-Indices | Open | High | Low | Close | Turnover | Point | % Change | 52 Week High | 52 Week Low |
|---|---|---|---|---|---|---|---|---|---|
| Banking Sub | 1,066.64 | 1,066.64 | 1,041.50 | 1,041.50 | 1,607,240 | -25.65 | -2.40 | 1,483.16 | 1,012.65 |
| Development Bank | 1,695.65 | 1,695.65 | 1,687.73 | 1,687.73 | 390,588 | -7.92 | -0.47 | 2,097.34 | 1,512.44 |
| Finance | 632.02 | 632.02 | 629.23 | 629.23 | 529,364 | -3.63 | -0.57 | 732.76 | 550.39 |
| Hotels | 1,556.69 | 1,556.69 | 1,556.69 | 1,556.69 | 21,360 | -3.39 | -0.22 | 2,248.03 | 1,464.40 |
| HydroPower | 915.39 | 915.39 | 899.67 | 899.67 | 190,296 | -18.03 | -1.96 | 1,373.63 | 899.67 |
| Life Insu | 6,630.22 | 6,630.22 | 6,509.45 | 6,509.45 | 93,660 | -129.97 | -1.96 | 9,993.55 | 4,814.83 |
| Manufacturing And Processing | 2,416.04 | 2,416.04 | 2,390.64 | 2,390.64 | 59,082 | -34.22 | -1.41 | 3,258.40 | 2,105.88 |
| Microfinance | 2,028.15 | 2,028.15 | 2,008.29 | 2,008.29 | 278,118 | -23.96 | -1.18 | 2,838.63 | 1,396.19 |
| Non Life Insu | 5,183.72 | 5,183.72 | 5,142.25 | 5,142.25 | 192,360 | -57.17 | -1.10 | 7,682.90 | 3,936.49 |
| Others | 651.80 | 651.80 | 641.76 | 641.76 | 1,095,270 | -18.76 | -2.84 | 850.97 | 624.12 |
| Trading | 751.05 | 751.05 | 751.05 | 751.05 | 23,520 | -12.67 | -1.66 | 1,007.63 | 244.52 |
Weekly Analysis
Analysis
A Year 2076 BS in review: Microfinance sector is the top gainer; total turnover rises by massive 102.19% and Naasa Securities lead among brokers
Market Review of 2076 BS The market in the year 2076 BS opened at 1184.02 points and closed at 1251.45 points and has gain 67.43 points (5.70%). This year market hit the high of 1667.74 points on the Falgun 15, 2076 and the year low of 1102.46 on Mangsir 9, 2076. The difference between the high and low is 565.28 points. This is to be noted in the entire analysis that the NEPSE was remained closed due to pandemic Covid- 19 from Chaitra 10, 2076 onwards, The statistics of NEPSE in the Year 2076 BS In the year 2076 BS, a share of w...
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Company Analysis
Analysis
Muktinath Bikas Bank leads among the development bank in the third quarter! Find out how development banks have performed amidst the pandemic!
Development Banks are class ‘B’ BFI’s approved by the NRB to carry out banking business around the country. These development banks are classified into national level, operating in 4-10 districts and regional level based in 1-3 districts, it is currently functioning in. As per the regulation of the NRB minimum paid up capital requirement for national level development banks is Rs.2.50 Arba while that of regional level is Rs.50 Crore. Similarly, minimum threshold for development banks operating in 4-10 districts is Rs...
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NIC ASIA Laghubitta reports staggering 56% growth at Rs 12.57 crore in net profit; to issue IPO shares worth R...
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Credit Rating
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | SICL | Shikhar Insurance Company Limited | Issuer Rating | NA | [ICRANP-IR] A (assigned) | 2020-05-15 |
| 2 | 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 |
| 3 | NICACL | NIC Asia Capital Limited | Fund Management Quality Rating (FMQR) | NA | [ICRANP] AMC Quality 3 (AMC 3); Reaffirmed | 2020-02-17 |
| 4 | 10PRVU84 | 10% Prabhu Bank Debenture 2084 | Subordinated Debenture (Prabhu Bank Debenture 2084) | NPR 2000 Million | CARE-NP BBB [Triple B] Assigned | 2020-02-14 |
| 5 | SALBSL | Sadhana Laghubitta Bittiya Sanstha Limited | Initial Public Offerings | NPR 70.78 Million | [ICRANP] IPO Grade 4+; assigned | 2020-02-11 |
| S.No | Symbol | Company Name | Product | Offering | Grade | Published Date |
|---|---|---|---|---|---|---|
| 1 | SAICL | Sanima General Insurance Limited | Issuer rating | NA | CARE-NP BB+ (Is) [Double B Plus (Issuer)] Assigned | 2020-04-22 |
| 2 | IGI | IME General Insurance Limited | Initial Public Offer | NPR 600 Million | CARE-NP IPO Grade 4 [IPO Grade Four] Assigned | 2020-04-02 |
| 3 | PCBL | Prime Commercial Bank Limited | Subordinated Debenture | NPR 3,500.00 Million | CARE-NP A- [Single A Minus] Assigned | 2020-03-03 |
| 4 | PCBL | Prime Commercial Bank Limited | Issuer Rating | NA | [CARE-NP] A- (Is) [Single A Minus (Issuer)] Assigned | 2020-03-02 |
| 5 | 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 |
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 | 2020-03-01 |
| 3 | Suryodaya Laghubitta Bittiya Sanstha Limited and Trilok Laghubitta Bittiya Sanstha Limited |
Suryodaya Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | No | ||
| 4 | Global IME Bank Limited and Janata Bank Nepal Limited |
Global IME Bank Limited | Commercial Bank | Merger | 1:0.85 | No | |
| 5 | Saptakoshi Development Bank Limited and Kabeli Bikas Bank Limited |
Saptakoshi Development Bank Limited | Development Bank | Acquisiton | Yes | 2019-06-12 |
| S.No | Name of Mergred Companies | Company Name | Sector | Action | MOU Date |
|---|---|---|---|---|---|
| 1 | Jeevan Bikas Laghubitta Bittiya Sanstha, Garibi Niunikaran Laghubitta Bittiya Sanstha and Solve Laghubitta Bittiya Sanstha |
Merger | |||
| 2 | Unique Nepal Laghubitta Bittiya Sanstha and Buddha Jyoti Laghubitta Bittiya Sanstha |
Acquisiton | |||
| 3 | Nepal Agro Laghubitta Bittitya Sanstha and Nesdo Sambridha Laghubitta Bittiya Sanstha Limited |
Nepal Agro Laghubitta Bittiya Sanstha Limited | Microfinance | Merger | 2019-10-04 |
| 4 | Mega Bank Nepal Limited and Gandaki Bikas Bank Limited |
Mega Bank Nepal Limited | Commercial Bank | Acquisiton | 2019-09-26 |
| 5 | Unnati Microfinance Bittiya Sanstha Limited and Sahakarya Laghubitta Bittiya Sanstha Limited |
Unnati Sahakarya Laghubitta Bittiya Sanstha Limited | Non Category | Merger | 2019-07-25 |
