Routine Of Stock Market

01/04/2022

River Falls Power to issue IPO from April 10

The company is issuing 700,000 units of primary shares having a face value of Rs 100. The issue will close early on April 24 and lately on May 9.

The interested investors can apply for the IPO from the office of River Falls Power in Sankhuwasabha, Prime Commercial Bank’s branch at Khandbari, Tumlingtar and Savapokhari, Prabhu Banki’s branch at Khandbari and Global IME Bank’s branches at Khandbari and Chainpuir. Moreover, they can apply from all C-ASBA approved BFIs.

The company has appointed Prabhu Capital as its issue manager. The investors can apply for a minimum of 10 and a maximum of 1000,000 units of shares.

CARE Ratings has assigned BB- rating to the issue indicating moderate risks.

01/04/2022

Mega Bank to Sell Promoter Shareholders

Mega Bank Nepal (MEGA) is set to sell nearly 150,000 units of promoter shares under the name of various promoter shareholders.

The bank is selling a total of 149,201 units of promoter shares of 10 promoter shareholders. The interested existing shareholders of the bank can apply for the shares within 35 days of notice in the head office.

The unsold shares will be sold to ordinary shareholders, said the bank.

01/04/2022

Salt Trading Corporation’s Net Profit Declines

Salt Trading Corporation (STC) has published its second quarter of the current FY. As per the report, its net profit has declined compared to the corresponding period of the last FY.

In the review period, the company earned a net profit of Rs 12.7 million compared to Rs 25.2 million of the corresponding period of the last FY.

During the period, the sales income of the company decreased to Rs 3.51 billion from earlier Rs 5.89 billion. Similarly, its total profit declined to Rs 434.1 million from Rs 512.3 million.

In the period, the company logged EPS of Rs 11.09, P/E ratio of 620.41 times and net worth per share of Rs 455.21.

The company with Rs 230.4 million in paid-up capital has reserve fund of Rs 1.31 billion.

20/03/2022

All about today Market.
20th March 2022.

20/03/2022

All about today Market.
20th March 2022.

20/03/2022

28/02/2022

Police have arrested a person while trying to break an ATM machine of the NIC Asia Bank.

A squad from the Metropolitan Police Range, Maligaun caught Akash Tamang, 21, from Dhulikhel red-handed last night from the ATM booth at the Sagarmatha Insurance Building, Naxal Bhagawati Bahal of Kathmandu metropolis-1.

Police believed that the accused was attempting to steal cash from the machine and alerted about this with a help of the Bank’s siren system. The team also seized a pair of instruments that Tamang used in his failed attempt to damage the machine.

28/02/2022

Parliament ratifies MCC compact
After much debates, the House of Representatives finally ratified the Millennium Challenge Corporation (MCC) grant agreement reached between Nepal and the US government, this evening.

The second meeting of the HoR ratified the MCC compact. Finance Minister Janardan Sharma had presented the proposal seeking the passage of the MCC compact along with descriptive notes. The proposal was passed by the voice note.

Speaker Agni Prasad Sapkota informed that even the descriptive notes were issued by the parliament.

The major opposition, CPN UML, however, continued its protest over non-implementation of its decision.

The parliament would meet next on February 30.

Earlier, taking part in the discussion on Finance Minister's proposal seeking ratification of the MCC compact along with descriptive notes, the lawmakers put forth views for and against the MCC compact.

Lawmaker Parbata Bisankhe said the descriptive notes of the MCC compact should be approved in letter and spirit, adding that the US government too should accept it otherwise Nepal should scrap it.
Likewise, lawmaker of Rastriya Janamorcha Durga Poudel argued that the descriptive notes were one-sided and the MCC compact was against the spirit of nationality and national sovereignty.
UML lawmaker Bhim Bahadur Rawal also questioned the one-sided descriptive notes, stating that it created illusion on the country and people.
However, Nepali Congress (NC) whip Pushpa Bhusal believed that MCC would help strengthen Nepal's economy and support in development of infrastructures in Nepal. Bhusal said it while taking part in the deliberation on the proposal, seeking ratification of MCC compact in the second meeting of the House of Representatives (HoR).

She described that a total of 46 countries across the world had inked agreement with MCC and there was not a single case of military alliance relating to the MCC. She also commented that the descriptive notes on the MCC were positive.

Parliament Prem Suwal, however, protested the MCC agreement and demanded it be withdrawn. Matrika Prasad Yadav said that descriptive notes were a part of the MCC internationally.

Similarly, Dr Minendra Rijal expressed his confidence that the descriptive notes would help dispel the misleading information about the MCC.

CPN (Unified Socialist) lawmaker Jivan Ram Shrestha said that the descriptive notes on the MCC were positive and the American side should also mandatorily abide by it.

CPN (Maoist Centre) Girirajmani Pokharel viewed that more light should be thrown on the MCC.

28/02/2022

Stock Trading Of Sahara Bikas Bank Set To Resume After Nearly 5 Year.

Nearly after five years of suspension, the stock trading of Sahara Bikas Bank is set to start in the coming week. The stock trading is about to start after the bank is acquired by Garima Bikas Bank.

The last trading of the stock was recorded on 8 June 2017 at a price of Rs 460. Previously, the bank had signed an acquisition agreement with Deva Bikas Bank, following which its trading was suspended in NEPSE. However, the agreement was ended abruptly after which its trading could not be resumed.

After a very long time, investors can trade the shares in the secondary market from next week, said Madhav Prasad Upadhya, Deputy CEO and Company Secretary of Garima Bikas Bank. ‘SEBON has already given its decision while NRB has approved the AGM. Similarly, CDSC has also completed its task, thus, the stock will be tradeable from the next week”, added Upadhya.

According to Upadhya, a decision has been taken that 23 percent dividend announced by the bank will be provided to the right shares holders as well. As a result, the dividend rate has been declined to 10 percent which has been already transferred to the respective accounts.

Resuming of trading of Sahara Bikas Bank has paved the way for AGM of Garima Bikas Bank. Amid all confusion relating to Sahara Bikas Bank, Garima Bikas Bank has not called out book close and AGM date. Now the bank will conduct AGM by the next one month.

Garima Bikas Bank acquired Sahara Bikas Bank with a swap ratio of 1:1. The joint entity has paid-up capital of Rs 3.94 billion

19/01/2022

अरबपति दिपेन्द्र अग्रवालका लगानीका सुत्रहरु । एती मात्र कुरा जाने सबैले कमाउन सकिने । 2021

साथीहरु, आजको एस भिडियोमा म मेरा पछील्ला भिडियोहरुमा अत्याधिक मात्रामा सोधिएको प्रश्न Share bazar bata kasari paisa kamaune ? लगानी गर्ने कि नगरने ? भनेर सोध्नु भएको छ, आज एश प्रश्न उत्तर लिएर आएको छु । भिडियो अन्त सम्म हेर्नु होला ।

08/12/2021

Don't forget the power of Gorkhali 🔥🔥

25/11/2021

25/11/2021

Are you excited for Today's Big Clash between Samling Power (SPC) v/s Nyadi Hydropower (NYADI) ?
Samling Power: Open Price Range is set as Rs.98.77 to Rs. 296.31.
Nyadi Hydropower : Open Price Range is set as Rs.94.13 to Rs. 282.39.

25/11/2021

Dividend Remainder :
Today is the last day book dividend of 3 companies :
1) Bank of Kathmandu (BOKL) : 10% Bonus ; 4% cash & LTP: Rs.336.5
2) Standard Chartered Bank (SCB) : 10% Bonus; 3.06% cash & LTP: Rs.523.4
3) Prime Life Insurance (PLIC) : 15% Bonus ; 0.87% cash & LTP: Rs.873.5

25/11/2021

SKBBL has proposed to distribute bonus share - 25% and Cash Dividend (for tax purpose) - 1.315789474% to it's share holders from the profit of FY 2077/2078.

25/11/2021

Kalika Laghubitta Bittiya Sanstha Limited (KMCDB) has proposed to distribute a bonus share - 13% to its share holders from the profit of FY 2077/2078.

25/11/2021

Jyoti Bikash Bank Limited (JBBL) has proposed to distribute bonus share - 11% and Cash Dividend (for tax purpose) - 4.5% to it's share holders from the profit of FY 2077/2078.

23/11/2021

Market on Tuesday

18/11/2021

Sagarmatha Insurance (SIC) has earned net profit of Rs 67.1 million in the first quarter of the current FY. The net profit increased by 10.88 percent compared to Rs 55.6 million of the corresponding period of the last FY.

Similarly, its net premium increased by 10.07 percent to Rs 394.2 million during the period compared to Rs 358.1 million of the last FY.

The company earned Rs 95.9 million in reinsurance commission and Rs 36.3 million from investment loans and other income.

The company with Rs 1.11 billion in paid-up capital has a reserve fund of Rs 506.2 million, life insurance fund of Rs 1.08 billion and catastrophic fund of Rs 102.5 million.

The company logged EPS of Rs 22.21, net worth per share of Rs 252.31 and P/E ratio of 58.31 times.

18/11/2021

Manushi Laghubitta Bittiya Sanstha (MLBS) has published its first-quarter report of the current FY. As per the report, the company earned Rs 2.4 million in net profit in the review period.

In the corresponding period of the last FY, the company incurred losses of Rs 1.3 million.

Increase in interest income and fee commission helped to boost its net profit. It has increased its net interest income by 19 and fee commission by 111 percent.

During the period, the company increased deposits by 17.97 percent and loan extensions by 42.94 percent. The company with Rs 109.3 million in paid-up capital has reserve fund of Rs 43.1 million.

The company logged EPS of Rs 8.86 and net worth per share of Rs 139.47.

18/11/2021

Barun Hydropower Company (BARUN) has earned net profit of Rs 9.9 million in the third quarter of the current FY compared to Rs 1.6 million of the corresponding period of the last FY.

Increase in sales pulled up its net profit during the period. The company earned Rs 32.4 million through sales in the review period.

The company with Rs 260 million in paid-up capital has earning per share (EPS) of Rs 16.53, P/E ratio of 25.04 times and net worth per share of Rs 105.59.

18/11/2021

Prime Life Insurance (PLIC) has earned net premium of Rs 1.17 billion in the first quarter of the current FY. The net premium increased by 9.79 percent compared to Rs 1.06 billion of the corresponding period of the last FY.

Similarly, its net profit increased by 1.49 percent to Rs 122.5 million during the period compared to Rs 120.7 million of the last FY.

The company with Rs 2.41 billion in paid-up capital has a reserve fund of Rs 802.9 million, life insurance fund of Rs 15.72 billion and catastrophic fund of Rs 167.4 million.

The company logged EPS of Rs 20.28, net worth per share of Rs 140.15 and P/E ratio of 41.31 times.

During the period, the company paid Rs 276.2 million to 1,138 policies and has an outstanding payment of Rs 16 million to 59 claims.

18/11/2021

Mirmire Laghubitta has sought approval from Securities Board of Nepal (SEBON) to issue futher public offering (FPO).

The company submitted an application regarding the FPO issuance on Kartik 23.

The company is planning to issue 51,316 units of FPO worth Rs 9,123,984.80 at a price of Rs 177 per unit.

The company has appointed SBI Merchant Banking as its issue manager.

18/11/2021

Finance Minister Janardan Sharma has said the taxation system and the tax administration would be made systematic and accountable to the public.



Addressing a programme organized at the Department of Internal Revenue on the occasion of the 10th Tax Day today, he said the government would not leave any stone unturned to address the grievances of the tax-payers.

He expressed the commitment to form a unit to promptly address the hassles and any obstacles or problems that crop up in the tax administration.

"The grievances of the tax-payers should be heard. A unit would be formed immediately. I will form a mechanism for prompt action. The problem should be tackled pronto where it is," the Finance Minister said.

He said a vehicle scanner would be kept at each customs office for facilitating the customs process. The Finance Minister also asserted that the government would act tough to stop tax evasion and revenue leakage, and there would not be any discrimination against any tax-payer.

He also directed the employees to work as the servants of the people.

Finance Secretary Madhu Kumar Marasini stressed on stability of tax policy to create investment-friendly environment in the country. He said the government has the policy of expanding the tax purview but not increasing the tax rate.

Finance Secretary (Revenue) Krishna Hari Pushkar said the government has carried out policy and process related works with the objective of improving the tax administration and encouraging the tax payers to pay the tax voluntarily. He also pointed out to the need of reforms in the revenue administration.

Director General of the Department Shovakanta Poudel said the tax administration has become tax-payer friendly, investment-friendly and technology-friendly due to the reforms introduced on topics as policy strengthening, procedural simplification, system reforms, tax education and awareness.

FNCCI president Shekhar Golchha said the industrialists and businessmen were ready to pay tax, urging the government to create a dignified business environment for the same. He suggested the government to make the tax administration prompt and efficient.

Acting president of Confederation of Nepalese Industries, Krishna Prasad Adhikari stressed on the need of making the tax system transparent and drew the government's attention towards maintaining a pluralistic tax rate.

Nepal Chamber of Commerce president Rajendra Malla suggested bringing the real estate businesspersons also into the tax net.

Acting president of Nepal National Industry and Trade Organization, Dambar Dev Aryal stressed on promoting national industrialization for strengthening the national economy.

The largest tax-payers and the Department's employees were honoured on the occasion. The Finance Minister also launched the souvenir, annual report and the revenue investigation procedures published by the Department.

16/11/2021

Upper Tamakoshi Hydropower Limited has posted a net profit of Rs 86 crore and published its 1st quarter company analysis of the fiscal year 2078/79