Showing posts with label Latest. Show all posts
Showing posts with label Latest. Show all posts

Sunday, October 1, 2017

NEPSE: Current Scenario, Flashbacks and Future Prospects: Why is it the best time to grab stocks of good companies?

The current scenario of Nepalese economy, recent developments and stock market all are pointing at one fact: it is high time for investors to grab stocks of good companies in NEPSE.

Here are few details and updates on the market that one should consider:




An Ongoing Market Correction

The benchmark index which touched an all-time high of 1,881 points last year is now hovering over 1,530 points suggesting that the market is facing a correction. It was already expected that a correction was inevitable as the market rose significantly last year after companies floated excessive right and bonus share, however, the correction is still said to be ongoing.

Moreover, the companies whose scrip was traded at high prices are now being traded at lower ranges. Last year’s bull run can be attributed to increase in stock prices of Banking and Finance institutions leading to positive investor sentiments. As of now, data shows that insurance and Micro finance sectors are seeing a super bull. Lately, Stock prices of most of the companies have come down suggesting a good time to grab stocks of good companies.

A Growing Economy:

According to a report of World Economic Forum, a Swiss non-profit organization, Nepal has been ranked as the 3rdfastest growing economy in 2017/18 with the growth projections of 7.5 percent. The World Bank has credited the growth to a good monsoon, reconstruction efforts and normalization of trade with India. Moreover, the expected growth rate during next year is 6.5 percent.

This hints that the Nepalese economy after facing the Great April 2015 Earthquake and subsequent economic blockade by India has got off on the recovery track and is slowly growing.

However, taking a look into the GDP and the total market capitalization, the latter is far lower than the size of total GDP. It means the prospects are favorable in the stock market and market is yet to grow. With the growth in the economic activities, the companies are also expected to jump in the growth bandwagon trudging the NEPSE forward.

Moreover, due to a massive increase in capital base of the banking sector, banks are now capable of discharging huge amounts in loans. Furthermore, loan demand of the corporate and retail sectors is also increasing and with the right shape of things, those sectors are set to see an increase in their profitability.

Likewise, after the Great Earthquake, awareness regarding insurance and its importance has rose leading to an increase in the businesses of the insurance companies. Moreover, the government is also mulling over implementing a compulsory insurance policy. Thus, the insurance business is set to soar in the upcoming days and it will affect the stock market, nevertheless, positively.

Online Trading:

Recently, talks have surfaced that there is a high possibility of introduction of online trading system in NEPSE. A technological advancement of such a magnitude will surely induce a never-seen-before bull run in the market. Historical cases have shown that, technological advancements in the stock markets lowered the entry barrier to trading leading to a tremendous increase in the prices and indexes. The impact of new infrastructure was visible as NEPSE rose to a historical high with the introduction of CDS (Demat) system during fiscal year 2072/2073.

With the online trading in operation, the market will see many new investors from inside and outside the Kathmandu Valley. Moreover, Nepali citizens working or living in foreign lands can also participate in the stock market rising up the transactions and turnovers.

Declining Interest Rates:

As of now the return from dividends and share prices have outgrown the return from average deposit interests. As the rate of interest is declining continuously for the past few months, the returns from shares are higher than returns from interest. Many companies’ stock yield is more than the market interest rate. Thus, the retail and institutional investors might channel more funds in the share market if the interest rate continues to decline in the upcoming months.

Upcoming Elections:

With the conclusion of Local level election, Nepal has trudged yet another political milestone, however, things won’t stop here. The Federal Level and Central Level elections are yet to be held. With the successful implementation of the federal structure, market analysts believe that Nepal will be politically stable in the upcoming year. Political stability in the economy ensures an investment friendly environment which is expected to result in inflow of investments in the various economic sectors. With the growing economy, the NEPSE is expected to respond in favor of the investors.

Broker License to Commercial Banks:

Recently, the Nepal Rastra Bank, regulator of banking institutions in Nepal, has formed a committee to study the possibility of allowing commercial banks to act as stock brokers. As the Banks and Financial Institutions Act (BAFIA) has no provisions on barring commercial banks from offering stock brokerage services, the Central Bank is expected to give a-go-ahead to the banks.

Moreover, the Securities Board of Nepal (SEBON) has also supported the idea to allow commercial banks to operate as stockbrokers. SEBON’s Securities Businessperson Regulations 2008 has a provision allowing banks and financial institutions to offer brokerage services.

The provisions state that, “Banks or financial institutions established under the prevalent laws may conduct securities business as stockbroker, securities dealer and market maker through their respective fully owned subsidiary company.”

If this idea materializes, the commercial banks can operate brokerage departments throughout the Country which will lead to an influx of additional funds. The banks, with available resources are capable to offer services in the rural areas too and such development will help the market to grow faster.

Broker Branch Office Expansion

As per the current stats, there are 50 stockbrokers in Nepal. Moreover, 44 remote work stations were set up outside the Kathmandu Valley, but they are all based at urban areas leaving the rural markets untapped. With the expansions of broker offices in various parts of the Country the brokers will realize a business expansion leading to an increase in stock trading.

New Mutual Funds in Pipeline

Mutual funds, by pooling small investments from many investors hold diversified portfolios. They are usually equipped with ample information on the firms with good growth prospects. Moreover, mutual funds by channeling their investments influence the management of a firm to boost their performances which in turn leads to a favorable effect of firm’s stock prices. As of now, there are 5 new mutual funds in pipeline and one is set to launch IPO soon. With this the total number of Mutual funds in Nepal will rise to 17. Cases around various stock markets show that the growth in number of mutual funds has led to a growth in the overall stock market.

Margin Trading Facility to Brokers

Talks have surfaced that the government is mulling over to facilitate brokerage firms to conduct margin trading. If the plan materializes, then the investors would be able to trade with more capital than they would without the facility.

Thus, the Nepse still has a room to grow and the upcoming days signal a walk in the positive direction. However, investment in securities is subject to market risk and one must utilize his/her knowledge on the market potential and risks before jumping into investing funds.

Revival of Investor’s forum

With the recently concluded elections of the Nepal Investor’s Forum, a non-profit body working for the betterment of the stock market, the Forum is said to be revived. Moreover, the Forum’s newly elected Chairman, Ambika Prasad Poudel in an interview with ShareSansar informed that the Forum is committed to study well-developed markets and advocate the need for changing certain policies that impede our market from becoming more investor friendly. According to Poudel, the Forum will focus to bring positive changes which will result in higher level of transactions, increase in government revenue and overall development of the market.

Increasing awareness about share market among general public

Considering the recent developments and ease of trading with the Demat system, there has been a rise in number of the general public who are gradually becoming more aware about the stock market. The last years bull run have had an impact on the public psyche that investing in stocks can bring favorable returns. People from all walks of life can be seen these days in the trading platforms around Kathmandu Valley, learning enthusiastically about the market movements and future prospects. Thus, there has been a rise in the level of awareness among general public which will lead to an increased level of investment moving the market towards growth.

Disclaimer: Although the long term growth prospects in the NEPSE seem favorable to the investors. The short term scenario is quite different as market is showing volatile movements lately. Moreover, Investment in stock market is purely subjected to market risk and all the factors must be self-judged by the investors before buying stocks. Thus, one should consider this article as an aid in market analysis rather than a marketing call to invest in shares.

We hope this article helps you to firm your investment decisions and Happy Dashain 2074, Wish you a Prosperous Investing Year ahead.

Source: ShareSansar, Tuesday September 26th 2017.

Sunday, September 24, 2017

NEPSE sees a fall of 2.89 points facing low transactions as Dashain knocks at the doors

With the approaching Dashain festival; the stock market is seeing a lack of trading fervor. After weekly trading resumed on Sunday, the NEPSE saw a fall of 2.89 points to close at 1536.92 points.


Out of the nine trading groups, four saw their indices turning red with the trading sector losing the most of 15.29 points. On the other hand, Hotel sector posted a gain of 37.64 points.


Stockbrokers have attributed the current fall to the lack of transactions in the market because of ongoing Dashain festival. “Majority of investors have taken a break from the market and are traveling,” said Raman Pant, Managing Director of Creative Securities, “The low level of transactions explains the lack of trading fervor in investors during festivals.”

As of Sunday, the market posted a total turnover of Rs 31.52 crore with 991,336 shares being traded.



Source: ShareSansar, September 24, 2017

Saturday, August 26, 2017

Best Insurance in Current Market Scenario? Comparative Study of Insurance’s Q4 of FY 2073/74 !

In current scenario, insurance companies are the most charmed scrip of both traders and investors. Earthquake of 2072 is the main reasons behind the drastic progress in insurance sectors as most of the people are acknowledge with its importance. If we look at the fourth quarter report as published by the insurance sectors, most of them have reported outstanding growth in terms of net premium collection, number of policies and timely settlement of claims as well which leads for the rise in reserve, insurance fund, earning per share (EPS), net worth per share and other fundamentals as well.


The scrip price traded in Nepal Stock Exchange (NEPSE) is quite impressive due to high volatility as traders are the one who speculates with this sectors to book capital gains rather than banking sector. Though there is high risk, there is also equal chances to make good profit. But one must deeply analyze and notified with all the fundamental of the companies in which they are pouring their investment. To simplify the major fundamentals, following data has been analyzed below:

(Note: Paid up, reserve, net premium & Insurance fund in Rs ‘000)

Among the 8 life insurance companies taken under the study, Rastriya Beema Sansthan (RBS) and Prime Life Insurance Company Limited (PLIC) topped the table with an Earning per Share (EPS) of Rs 73.29 and Rs 32.53 respectively. RBS’s net worth per share is also outstanding at Rs 3559.32. Nepal Life Insurance Company Limited (NLIC) has highest number of insurance policies of 10.41 lakh followed by National Life Insurance Company Limited (NLICL) with 8.75 lakh units policies.

Moreover, all the above life insurance must hike their capital to Rs 2 arba by the end of Ashad 2075 as per the directives of Insurance Board.

(Note: Paid up, reserve, net premium & Insurance fund in Rs ‘000)

With an EPS of Rs 190.46 and net worth of Rs 2522.23, Rastriya Beema Company Limited (RBCL) stood at the top of table in non-life insurance sector. Shikhar Insurance Company Limited (SICL) succeed to accumulate net premium collection of Rs 1.57 arba from 2.64 lakh units of insurance policies. United Insurance Company has not published its Q4 report yet, the data are as of Q3 of the FY 2073/74.

Moreover, all the above non-life insurance must hike their capital to Rs 1 arba by the end of Ashad 2075 as per the directives issued by Insurance Board.

(Note: Above data are trace out from Q4 report of the FY 2073/74 as published by the respective insurance companies and one must be acknowledge with the bonus shares and right shares which are yet to be listed to find out real position.)

Source: Sijan Bajracharya, ShareSansar; Friday August 25, 2017

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Sunday, August 6, 2017

Do Investors Need to Apply Huge Amount on Upcoming IPO of Nepal Hydro & FPO of Pokhara Finance?

Recently, Securities Board of Nepal (SEBON) has implemented the Securities Issue and Allotment Guidelines, 2074 including several guidelines for IPO/FPO allotment, IPO listing, bonus share registration, right share issuance and commencement of trading after merger/acquisition.


ShareUpdateNepal

Under the new regulation, IPO/FPO should be allotted within minimum 30 days and listed within 2 months of the IPO closing date. Likewise, the Board has also made it mandatory for all applicants to be allotted a minimum of 10 units of shares—now replacing the existing provision to set aside 40% shares for retail investors and 60% shares for other investors under the securities allotment guidelines, 2068.




General Investors are confused regarding whether to apply huge amount like before or apply shares on low quantities for upcoming IPO and FPO of Nepal Hydro and Pokhara Finance respectively. Sharesansar tries to identify the answer for the investors based on new provisions and past IPO trend.

Let’s see, what are the provisions related to IPO allotment in newly implemented Securities Issue and Allotment Guidelines, 2074:






The guidelines clearly stated that all the IPO/FPO investors will be first allotted 10 units and then remaining units will be allotted to the investors demanding 20 units and more. Here, again 10 units will be allotted to such investors and if all the investors are unable to get minimum 10 units each then allotment will be based on lottery basis.

So based on above new guidelines from SEBON, now it will be useless to apply huge amount on upcoming IPO and FPO of Nepal Hydro and Pokhara Finance respectively like before.

Let's analyze past IPO/FPO number of applicants trend,









Based on the past IPO/FPO number of applicants’ trend, we can expect minimum 1 lakh applicants on any IPO/FPO.

Then what will be the strategy on the upcoming IPO of Nepal Hydro and FPO of Pokhara Finance.

Nepal Hydro Developers Limited (NHDL) – Initial Public Offerings (IPO):

Nepal Hydro Developers Limited is issuing 3,90,000 units to general public from 27th Shrawan, 2074. Out of 3,90,000 units, 27,300 units is set aside for mutual fund and staff which means just 3,62,700 units will be left for general public. As per the company announcement, investors can apply minimum 50 units and maximum upto 1000 units.





Here, 3,62,700 units are set aside for general public which means only 36,270 investors are eligible to get 10 units shares.

The minimum expected applicants will be 1 lakhs which means all investors won’t be able to get 10 units. In this case there will be lottery as per new guidelines.

Recommendation: Applying 10 units will be good enough but since the company has made mandatory to apply minimum 50 units. Investors are advised to apply just 50 units.

Pokhara Finance Limited (PFL) – Further Public Offering (FPO):

Pokhara Finance Limited is issuing 9,83,682 units to general public from 29th Shrawan, 2074 at Rs 220. As per the company announcement, investors can apply minimum 10 units and maximum upto 4900 units.





Here, 9,83,682 units are set aside for general public which means only 98,368 investors are eligible to get 10 units shares.

The minimum expected applicants will be 1 lakhs which means all investors will get 10 units or there can be meager chances of lottery. If number of applicants exceeds 1 lakh then there will be confirm lottery.

Recommendation: Investors are recommended to apply 10 or 20 units maximum.

Pros of New Guidelines:
  • Small investors are benefited since there is high chance to get minimum 10 units.
  • No need to apply huge amount on IPO/FPO like before. This means investors interest cost will be saved.
  • Before there was a trend of selling shares on NEPSE and applying for IPO/FPO. Now people will apply less means there won’t be selling pressure on NEPSE due to IPO/FPO. NEPSE is positively affected.
Cons of New Guidelines:
  • High chance of increase in fake applicants.
  • Share will be scattered means manipulators can easily manipulate price of the share by holding just few thousand shares. (Cornering is possible)
Source: ShareSansar, August 6, 2017

Tuesday, May 9, 2017

आखिर SCBको FPO बास्तवमा कसलाई कति पर्यो त, हेरौं तलको लिंकमा?

वैशाख २५ गते सोमबार अपरान्ह भएको बाँडफाँटमा आखिर स्ट्याण्डर्ड चार्टर्ड बैंक (Standard Chartered Bank Ltd., SCB) को फर्दर पब्लिक अफरिङ (FPO) शेयर बास्तवमा कसलाई कति पर्यो त?


यसरी अब आफ्नो पूरा नाम र BOID नं बाट ठूला साना सबैले बैंकको सेयर निष्काशन तथा बिक्री प्रबन्धक एनएमबी (NMB) क्यापिटलको निम्न लिंकमा अब आफै हेर्न सकिन्छ ।

Monday, May 8, 2017

स्ट्याण्डर्ड चार्टर्ड बैंक (SCB) को एफपिओ (FPO) बाँडफाँट, हेरौं कसलाई कति ?

काठमाडौं, वैशाख २५ गते सोमबार । आज अपरान्ह स्ट्याण्डर्ड चार्टर्ड बैंक (Standard Chartered Bank Ltd., SCB) को फर्दर पब्लिक अफरिङ (FPO) शेयर बाँडफाँट भएको छ ।

बैंकको सेयर निष्काशन तथा बिक्री प्रबन्धक एनएमबी (NMB) क्यापिटलले दिएको जानकारी अनुसार बैंकको एफपिओमा धेरै पूँजी हुने ठूला लगानीकर्ताले निश्चित प्रतिशत (६.३८%) पाए पनि थोरै पूँजी हुने साना लगानीकर्ताको बाँडफाँडको नतिजाका लागि भने गोलाप्रथाबाट बाँडफाँट भएको छ ।

२,१७,३२२ आवेदक मध्ये १,४०,१३२ आवेदकले मात्र सेयर पाएका छन् । जस अनुसार साना लगानीकर्तातर्फ सर्बप्रथम ३० कित्तासम्मका १,६५,४४५ जना आवेदकहरु मध्ये १,०२,३२६ जना आवेदकले र त्यसपछि ४० कित्तादेखि १४० कित्तासम्म आवेदन दिने २५,१०८ जना आवेदक मध्ये ११,०३७ जना आवेदकलाई गोलाप्रथाबाट मात्र कम्तिमा १० कित्ताका दरले सेयर पाएका छन् । 

त्यस्तै ठूला लगानीकर्तातर्फ १५० कित्ताभन्दा माथिका कुल २५,५८० जना आवेदकले अनिवार्य रुपमा बैंकको सेयर पाएका छन्, जसमा १५० र १६० कित्ताका आवेदकले १० कित्ता सेयर पाएका छन् भने त्यस भन्दा माथिका आवेदकले ६.३८% का दरले सेयर पाएका छन् र १६० भन्दा माथि १७० कित्ता आवेदन दिनेले ११ कित्ता पाएका छन् भने सबैभन्दा बढी २५,५८० कित्ता आवेदन दिने ९९ जना आवेदकहरु लगानीकर्ताले ६.३८% का दरले १,६३० कित्ता शेयर प्राप्त गरेका छन् । यसको अर्थ, यो बैंकको एफपीओमा पनि पैसावाल ९९ जनाकै मालामालको साथै हालीमुहाली चलेको देखिएको छ । 

शुक्रबार शेयर बाँडफाँट गर्ने तयारी भएपनि आस्बा प्रणालीबाट परेको आवेदनको म्याचिङमा केही समस्या देखिएकोले दुई दिन ढिला गरी आज शेयर बाँडफाँट भएको हो ।

यो बैंकले चैत १ देखि ४ गतेसम्म १,१९०/- रुपैयाँ प्रिमियम थपगरी प्रतिकित्ता १,२९०/- रुपैयाँका दरले कुल २५,५८,१४० कित्ता एफपीओ शेयर निष्काशन गरेको थियो । जसमा देशभरका २,२५,००० बढी लगानीकर्ताबाट ३८ अर्ब २० करोड बढीको आवेदन परेको थियो ।

बजारमा लगानी योग्य पूँजीको अभाव भइरहँदा एफपिओको बाँडफाँटले हाल बजारमा देखिएको तरलताको सहज हुने अपेक्षा गरिएको छ ।

बैंकको सेयर काँडफाँडको अन्तिम नतिजा तयार हुने क्रम जारी छ र तयार भए पछि प्रकाशित गरिनेछ ।

Source: Merolagani; May 08, 2017

Standard Chartered Bank (SCB) FPO Allotments

NMB Capital Limited, the issue manager for the FPO of Standard Chartered Bank Nepal Limited (SCB), is going to conclude the allotment today (Baisakh 25, 2074). The allotment will be held at Hotel Yellow Pagoda, Jamal, Kathmandu at 3:30 PM.


NMB Capital had rescheduled the allotment that was scheduled for last Friday after it encountered technical problems related to ASBA applications.

The issue, that was open from Chaitra 1 to Chaitra 4, 2073, had collected more than Rs 36 arba from around 2,21,000 applicants. After the allotment, more than 2.21 lakh investors will be refunded more than Rs 36 arba, which will help to solve the current liquidity shortage to an extent.

Probable Allotment Percentage
Allotment for those who had applied up to 140/150 units will probably be decided through lottery. For others who had applied more than 160 units, they are likely to be allotted around 6-6.5% on pro-rata basis.

Standard Chartered Bank Nepal Limited has earned Rs 74 crore in the second quarter of the FY 2073/74. After the FPO, its paid up capital will reach around Rs 4 arba and its promoter – public shareholding structure will be maintained at 70.21% and 29.79%. Its reserve will grow by Rs 3.04 arba.

As per the bank, it will issue 100% bonus shares to its shareholders from the premium earned from the FPO and profit in the FY 2073/74, thereby meeting NRB’s requirement of increasing its paid up capital to a minimum of Rs 8 arba.

Source: ShareSansar, May 8, 2017

Tuesday, April 4, 2017

Why has hydropower sector lost its charm in NEPSE? (Case Study of Arun Valley Hydropower)

How undervalued is the stock AHPC?

Started with a capital of just under Rs 12 crore with a 3MW hydropower plant, Arun Valley Hydropower Development Company Limited (AHPC) now has a share capital of Rs 84.81 crore. With only a small 3MW hydropower plant, AHPC has been able to provide good returns to its investors since starting its commercial operations.


Company at a glance
  • Establishment Date: Falgun 28, 2054
  • Paid Up Capital: Rs 84,81,93,000
  • Project: 3MW Piluwakhola (Sankhuwasabha district)
  • Commercial Operation: Ashwin 1, 2060
  • Market Price: Rs 275 (as of April 3, 2017)
  • Income from Electricity Sales: Rs 6.61 crore (FY 2072/73)
  • Net Profit: Rs 6.44 crore (FY 2072/73)
Dividend History

Fiscal YearCashBonus
2060/618%
2061/6210%
2062/6310%
2063/6415%
2064/65
2065/6640%
2066/6737.13%40%
2067/6815%
2068/6915%
2069/7015%
2070/7110%
2071/7211%
2072/7310%
AHPC has been providing good returns to its shareholders since the year it started its commercial operations. In the FY 2072/73, it earned Rs 6.61 crore from electricity sales and was able to post a net profit of Rs 6.44 crore after all expenses and taxes. This was supported by the fact that the company has good investments in several companies and it has been able to reduce its overall expenses by 6.21% as compared to FY 2071/72.

Investments

As of second quarter of FY 2073/74, AHPC has diversified investments worth Rs 54.91 crore in several companies:
  1. Ridi Hydropower Development Company Limited
  2. Upper Piluwakhola Hydropower Company Limited
  3. Arun Kabeli Power Limited
  4. Rairang Hydropower Development Company Limited
  5. Himal Urja Bikas Company Limited
  6. Api Power Company Limited
  7. Janata Bank Nepal Limited
  8. National Hydropower Company Limited
  9. Chilime Hydropower Company Limited
  10. Api Hydro Mechanical Pvt. Limited
  11. Nepal Investment Bank Limited
  12. Hydroelectricity Investment and Development Company Limited
  13. Siddhakali Hydropower Company Limited
Further Prospects
  • Further Public Offering (FPO) of 31,57,883 units shares to raise capital for its upcoming projects
  • Study of storage-type hydropower projects
Upcoming Projects
1. Kabeli B-1 (25 MW)
AHPC has 25% stake in its subsidiary company, Arun Kabeli Power Limited, that is developing a 25MW run-of-river hydropower project in Panchthar and Taplejung district. The commercial operation of the project is set to start from coming Dashain (September-October 2017).

After its recently floated IPO, Arun Kabeli has a paid up capital of Rs 1.50 arba with promoter – people of affected area (Taplejung and Panchthar) – public shareholding structure at 70% – 10% – 20%. After the hydropower plant starts its operation in 2074 B.S., the company will start generating income—adding to the income of Arun Valley Hydropower Company.

Arun Valley Hydropower was also rumored to go under merger with Arun Kabeli Power Limited. AHPC has also endorsed the agenda to merger with suitable hydropower company from its AGM this year.
2. Kabeli B-1 Cascade (9.94 MW)
AHPC aims to raise money for this project from its upcoming FPO. The agenda to issue further shares to the public has already been approved by the AGM of FY 2072/73.
3. Trishuli Galchhi (75 MW)
AHPC has Rs 10 crore equity investment in this 75MW hydropower project being developed under Siddhakali Hydropower Company Limiited. The company has already signed Power Purchase Agreement (PPA) with Nepal Electricity Authority and is purchasing lands for building the project.


Going Forward: what can investors expect?

Arun Valley Hydropower Development Company has good safe investments in several companies. With a number of hydropower plants in pipeline, and one to soon start commercial operation, investors can expect good dividends in the long term. This time of year, when the market is inclined towards insurance companies with prices over Rs 1,500, AHPC can be bought in less than Rs 300.

As a company, AHPC also conducts its Annual General Meetings (AGMs) within the stipulated time frame. This shows a lot about the management. So, why are investors wasting their time and money in companies that do not conduct AGMs for several years? This is something to think about when investors build their portfolio.

Conclusion

In a country like Nepal where the entire economy is dependent on electricity generated through hydropower, it seems ironic that investors have lost their charm in hydropower sector. Although it seems logical that investors will not be able to get dividends as soon as the hydropower plant comes into operation, AHPC has been in operation for a long time and has been providing good returns. Despite this, its market value is one of the lowest in the industry.

Source: sharesansar

Sunday, September 25, 2016

लघुवित्तका लगानीकर्तालाई १५ प्रतिशत बोनस सेयर ।

काठमाण्डौ । विजय लघुवित्त वित्तीय संस्था लिमिटेडका लगानीकर्ताले १५ प्रतिशत बोनस सेयर पाउने भएका छन् ।

कम्पनीको शुक्रबार बसेको सञ्चालक समितिको बैठकले आफ्ना सेयरधनीलाई १५ प्रतिशत बोनस सेयर र कर प्रयोजनका लगि ५ प्रतिशत नगद लाभांश दिने निर्णय गरेको हो ।



Source: arthatantra

Monday, August 29, 2016

Citizens Bank declares 24.49% Stock Dividend; Paid up capital to reach Rs 4.54 arba

itizens Bank International Limited (CZBIL) announces 24.49 percent bonus share to its shareholders.

As per the press release published by the bank today, the 214th BOD meeting of company held today (Bhadra 13, 2073) has proposed 25.78 percent (24.49% bonus and 1.29% cash dividend for tax purpose) to their shareholders from the net profit it earned in the last fiscal year 2072/2073.

Source: sharesansar

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