Why BFIs are undervalued: Price of BFI and insurance scrips at 1175 and current level
ShareSansar, July 24:
You don’t need not rack your mind to understand how the BFI scrips are undervalued at this juncture despite being so fundamentally strong in this bullish market. You can realize this by simply comparing the price movement of the BFI scrips now with the price when the market was at an all-time high level of 1175 back in August 2008.
Conversely, the list of price of BFIs and insurance scrips now and then shows why the insurance stocks are largely overvalued and inflated.
Commercial banks closing price as of 22/07/2014
|
S.no. |
Company Name |
Closing Price |
|
1 |
Agricultural Development Bank Ltd |
715 |
|
2 |
CENTURY COMMERCIAL BANK LTD. |
364 |
|
3 |
Citizens Bank International Limited |
590 |
|
4 |
CIVIL BANK LTD |
343 |
|
5 |
Everest Bank Ltd |
2,840.00 |
|
6 |
Global IME Bank Limited |
725 |
|
7 |
Grand Bank Nepal Ltd. |
328 |
|
8 |
Himalayan Bank Ltd. |
990 |
|
9 |
Janata Bank Nepal Ltd. |
325 |
|
10 |
Kumari Bank Ltd |
621 |
|
11 |
Laxmi Bank Limited |
653 |
|
12 |
Lumbini Bank Ltd. |
498 |
|
13 |
Machhachapuchhre Bank Ltd |
585 |
|
14 |
Mega Bank Nepal Ltd. |
469 |
|
15 |
Nabil Bank Ltd. |
2,657.00 |
|
16 |
Nepal Bangladesh Bank Ltd. |
722 |
|
17 |
Nepal Bank Limited |
498 |
|
18 |
Nepal Credit And Com. Bank |
686 |
|
19 |
Nepal Investment Bank Ltd. |
1,080.00 |
|
20 |
Nepal SBI Bank Limited |
1,285.00 |
|
21 |
NIC Asia Bank Ltd. |
970 |
|
22 |
NMB Bank Ltd. |
520 |
|
23 |
Prime Commercial Bank Limited |
612 |
|
24 |
Sanima Bank Ltd. |
628 |
|
25 |
Siddhartha Bank Limited |
858 |
|
26 |
Standard Chartered Bank Ltd. |
2,970.00 |
|
27 |
Sunrise Bank Limited |
499 |
Commercial Bank’s closing price as of 31/08/2008
|
S.No. |
Traded Companies |
Closing Price |
|
1 |
Bank of Kathmandu |
2,595 |
|
2 |
Everest Bank Ltd |
3,230 |
|
3 |
Himalayan Bank Ltd. |
2,463 |
|
4 |
KIST Bank Limited |
980 |
|
5 |
Kumari Bank Ltd |
1,030 |
|
6 |
Laxmi Bank Limited |
1,210 |
|
7 |
Lumbini Bank Ltd. |
700 |
|
8 |
Machhachapuchhre Bank Ltd |
877 |
|
9 |
Nabil Bank Ltd. |
5,850 |
|
10 |
Nepal Bangladesh Bank Ltd. |
905 |
|
11 |
Nepal Credit And Com. Bank |
489 |
|
12 |
Nepal Investment Bank Ltd. |
2,541 |
|
13 |
Nepal SBI Bank Limited |
1,704 |
|
14 |
NMB Bank Ltd. |
965 |
|
15 |
Siddhartha Bank Limited |
1,301 |
|
16 |
Standard Chartered Bank Ltd. |
8,010 |
Development Bank closing price as of 22/07/2014
|
S.no. |
Company Name |
Closing Price |
|
1 |
Ace Development Bank Limited |
380 |
|
2 |
Alpine Development Bank Limited |
305 |
|
3 |
APEX DEVELOPMENT BANK LTD. |
175 |
|
4 |
Araniko Development Bank Limited |
219 |
|
5 |
Bhrikuti Vikash Bank Limited |
372 |
|
6 |
Bishwa Bikas Bank Limited |
325 |
|
7 |
Business Universal Development Bank Ltd. |
230 |
|
8 |
Chhimek Laghubitta Bikas Bank Limited |
1,675.00 |
|
9 |
City Development Bank Limited |
495 |
|
10 |
Clean Energy Development Bank Limited |
315 |
|
11 |
Corporate Development Bank Ltd. |
151 |
|
12 |
Cosmos Development Bank Ltd. |
178 |
|
13 |
Country Development Bank Ltd. |
222 |
|
14 |
Diprox Development Bank |
1,386.00 |
|
15 |
Excel Development Bank Ltd. |
789 |
|
16 |
First Microfinance Development Bank Ltd. |
1,056.00 |
|
17 |
Gandaki Bikas Bank Limited |
325 |
|
18 |
Garima Bikas Bank Limited |
408 |
|
19 |
H & B Development Bank Ltd. |
107 |
|
20 |
Infrastructure Development Bank Limited |
254 |
|
21 |
Innovative Development Bank Ltd. |
330 |
|
22 |
International Development Bank Ltd. |
234 |
|
23 |
Jyoti Bikas Bank Limited |
232 |
|
24 |
Kabeli Bikas Bank Limited |
318 |
|
25 |
Kailash Bikas Bank Ltd. |
488 |
|
26 |
Kalika Microcredit Development Bank Ltd. |
900 |
|
27 |
Kankai Bikas Bank Ltd. |
215 |
|
28 |
Karnali Development Bank Limited |
266 |
|
29 |
Kasthamandap Development Bank Ltd. |
146 |
|
30 |
Malika Bikash Bank Limited |
245 |
|
31 |
Matribhumi Bikas Bank Ltd. |
220 |
|
32 |
Metro Development Bank Limited |
324 |
|
33 |
Miteri Development Bank Limited |
525 |
|
34 |
Muktinath Bikas Bank Ltd. |
740 |
|
35 |
Nagbeli Microfinance Development Bank Ltd. |
661 |
|
36 |
Naya Nepal Laghubitta Bikas Bank Limited |
999 |
|
37 |
Nepal Community Development Bank |
197 |
|
38 |
Nerude Laghubita Bikas Bank Limited |
1,633.00 |
|
39 |
Nilgiri Bikas Bank Limited |
280 |
|
40 |
Nirdhan Utthan Bank Ltd. |
1,514.00 |
|
41 |
Pacific Development Bank Limtied |
418 |
|
42 |
Paschimanchal Bikash Bank |
253 |
|
43 |
Pathibhara Bikas Bank Limited |
375 |
|
44 |
Professional Diyalo Bikas Bank Ltd. |
190 |
|
45 |
Purnima Bikas Bank Limited |
423 |
|
46 |
Reliable Development Bank Limited |
136 |
|
47 |
Rural Microfinance Development Centre Ltd. |
1,010.00 |
|
48 |
Sahayogi Vikas Bank |
635 |
|
49 |
Sana Kisan Bikas Bank Ltd |
1,625.00 |
|
50 |
Sewa Bikas Bank Limited |
392 |
|
51 |
Shine Resunga Development Bank Ltd. |
449 |
|
52 |
Siddhartha Development Bank Limited |
191 |
|
53 |
Summit Micro Finance Development Bank Ltd. |
1,245.00 |
|
54 |
Supreme Development Bank Ltd. |
228 |
|
55 |
Swabalamwan Bikash Bank |
1,860.00 |
|
56 |
Tinau Development Bank Limited |
338 |
|
57 |
Tourism Development Bank Ltd. |
252 |
|
58 |
Vibor Bikas Bank Limited |
165 |
|
59 |
Western Development Bank Limited |
244 |
|
60 |
Yeti Development Bank Limited |
174 |
Development Bank’s closing price as of 31/08/2008
|
S.No. |
Traded Companies |
Closing Price |
|
1 |
Ace Development Bank Limited |
1,315 |
|
2 |
Biratlaxmi Bikash Bank Limited |
920 |
|
3 |
Excel Development Bank Ltd. |
938 |
|
4 |
Gurkha Development Bank |
965 |
|
5 |
Infrastructure Development Bank Limited |
1,754 |
|
6 |
Malika Bikash Bank Limited |
1,760 |
|
7 |
Narayani Development Bank Ltd. |
229 |
|
8 |
Nepal Development Bank |
350 |
|
9 |
Nirdhan Utthan Bank Ltd. |
148 |
Finance company’s closing price as of 22/07/2014
|
SN |
Companies |
Closing Price |
|
1 |
Central Finance Co. Ltd. |
266 |
|
2 |
Citizen Investment Trust |
3,600.00 |
|
3 |
Everest Finance Ltd, |
233 |
|
4 |
Fewa Finance Co. Ltd. |
350 |
|
5 |
Goodwill Finance Co. Ltd. |
242 |
|
6 |
Guheyshwori Mer. Bank. Fin |
296 |
|
7 |
Hama Merchant & Finance Ltd. |
160 |
|
8 |
ICFC Finance Limited |
328 |
|
9 |
Janaki Finance Ltd. |
502 |
|
10 |
Jebils Finance Ltd. |
192 |
|
11 |
Kaski Finance Limited |
284 |
|
12 |
Kathmandu Finance Limited. |
197 |
|
13 |
Lalitpur Finance Ltd. |
310 |
|
14 |
Lumbini Finance Ltd. |
386 |
|
15 |
Maha Laxmi Finance Ltd. |
410 |
|
16 |
MANJUSHREE FINANCIAL INSTITUTION |
132 |
|
17 |
Multipurpose Finance Co. Ltd. |
87 |
|
18 |
Narayani National Finance Co. Ltd. |
365 |
|
19 |
NEPAL AAWAS FINANCE LIMITED |
162 |
|
20 |
NEPAL FINANCE LTD. |
121 |
|
21 |
NIDC Capital Markets Ltd. |
248 |
|
22 |
Paschimanchal Finance Co. Ltd |
205 |
|
23 |
Peoples Finance Limited. |
170 |
|
24 |
Pokhara Finance Ltd. |
238 |
|
25 |
Premier Finance Co. Ltd |
151 |
|
26 |
Prudential Finance Company Limited |
207 |
|
27 |
Seti Finance Limited |
243 |
|
28 |
Synergy Finance Ltd |
116 |
|
29 |
Union Finance Ltd. |
148 |
|
30 |
UNIQUE FINANCE LIMITED |
190 |
|
31 |
United Finance Ltd |
299 |
Finance Company’s closing price as of 31/08/2008
|
S.No. |
Traded Companies |
Closing Price |
|
1 |
Capital Mer. Bank And Fin |
1,270 |
|
2 |
Civil Merchant bittya sanstha |
820 |
|
3 |
IME Financial Institution Lt. |
1,610 |
|
4 |
Imperial Financial Inst. Ltd. |
990 |
|
5 |
International Leasing And Fin. Co. |
685 |
|
6 |
Kuber Merchant Finance Limited |
1,091 |
|
7 |
Nava Durga Finance Co.Ltd. |
321 |
|
8 |
Nepal Aawas Finance Limited |
540 |
|
9 |
Nepal Share Markets Ltd. |
1,670 |
|
10 |
NIDC Capital Markets Ltd. |
1,330 |
|
11 |
Peoples Finance Limited. |
918 |
|
12 |
Prabhu Finance Company Limited |
539 |
|
13 |
Shree Investment Finance Co. Ltd |
563 |
|
14 |
Standard Finance Ltd. |
930 |
|
15 |
World Merchant Bank Ltd |
1,320 |
Insurance company’s closing price as of 22/07/2014
|
S.No. |
Companies |
Closing Price |
|
1 |
Alliance Insurance Company Limited |
619 |
|
2 |
Asian Life Insurance Co. Limited |
1,264.00 |
|
3 |
Everest Insurance Co. Ltd. |
1,125.00 |
|
4 |
Guras Life Insurance Co. Ltd. |
670 |
|
5 |
Himalayan Gen.Insu. Co.Ltd. |
606 |
|
6 |
Life Insurance Co. Nepal |
4,171.00 |
|
7 |
National LifeInsu. Co.Ltd. |
2,600.00 |
|
8 |
Neco Insurance Co. |
779 |
|
9 |
Nepal Insurance Co.Ltd. |
615 |
|
10 |
Nepal Life Insurance Co. Ltd. |
4,540.00 |
|
11 |
NLG INSURANCE COMPANY LTD. |
853 |
|
12 |
Premier Insurance co. Ltd. |
950 |
|
13 |
Prime Life Insurance Company Limited |
1,141.00 |
|
14 |
Rastriya Beema Sansthan |
5,377.00 |
|
15 |
Sagarmatha Insurance Co.Ltd |
1,286.00 |
|
16 |
Siddhartha Insurance Limited |
800 |
|
17 |
Surya Life Insurance Company Limited |
777 |
|
18 |
United Insurance Co.(Nepal)Ltd. |
955 |
Insurance Company’s closing price as of 31/08/2008
|
S.No. |
Traded Companies |
Closing Price |
|
1 |
Alliance Insurance Company Limited |
166 |
|
2 |
Life Insurance Co. Nepal |
1,050 |
|
3 |
NB Insurance Co. Ltd. |
147 |
|
4 |
Shikhar Insurance Co. Ltd. |
449 |
|
5 |
Siddhartha Insurance Limited |
255 |
