Nepse added 4.1 million unit of shares including rights, ordinary and bonus of Sunrise Bank, Sahayogi Bikas Bank and Nepal Finance during the last week before the festival of Tihar. The secondary market saw 6883 transactions of 102 companies worth Rs 124.53 million that is 8.75 per cent higher than a week ago. Similarly, domination of the Class-A companies has also come down to 39.56 per cent as they saw Rs 49.2 million transation only.
However, the Nepse could not perform any better than a week ago as the Nepse gained only 0.06 point to close the market at 424.96 points from the Sunday morning's opening of 424.90 points. The sensetive index gained 0.27 point to close at 104.19 points. Commercial banks, insurance and finance sub-groups surged but hydropower and development banks lost, whereas manufacturing, hotels, and trading groups didnot witness any changes in their indices.
Merchant Finance topped the chart with the highest transation amount and share units that saw Rs 17.5 million worth trading of its 906-unit of shares. Similarly, Agriculture Development Bank Nepal topped the chart with 906 trading. Meanwhile, the year on year Nepse has declined by 35.6 per cent to 404.43 points in mid September, according to the central bank. It stood at 628.34 points in the same period last year. Similarly, sensitive index stood at 98.94 point in mid September against 160.79 points in the same period last year. The float index ¿ calculated on the basis of closing price of August 24, 2008, as base market value ¿ remained at 37.15 in mid September, a contraction of 37.8 per cent compared to same period last year. The market capitalisation also decreased by 25 per cent to Rs 330 billion in the first two months of the current fiscal year. "The ratio of market capitalisation to GDP stood at 28 per cent," the central bank said, adding that the ratio was 45.9 per cent in the same period last year. Of the total market capitalisation, bank and financial institutions stood with highest share of 71.5 per cent followed by manufacturing and processing companies (2.4 per cent), hotels (1.6 per cent), business entities (0.5 per cent), hydropower (4.8 per cent) and other economic sectors (19.3 per cent).
Total paid up capital of the listed companies stood at Rs 86.34 billion in mid September ¿ an increase of 35.6 per cent over the period of one year. This increase was largely due to the additional listing of securities. As at mid September, Nepse listed securities worth Rs 12.39 billion (ordinary share of Rs 4.62 billion, bonus share of Rs 226.5 million, right share of Rs 2.56 billion and government securities of Rs 4.99 billion). The total number of listed companies stood at 180 in mid September compared to 159 in the same period last year. Among them, 148 are banks and financial institutions (including insurance companies), followed by 18 production and processing industries, four hotels, business entities and hydropower firms each and two firms in other groups.
Source:
tht
Thursday, November 11, 2010
Nepse lists over four million-unit shares in a week
Wednesday, September 15, 2010
Right Share on Auction: Sunrise Bank Ltd (SRBL)
Sunrise Bank Ltd is selling right share in auction. These are the unsubscribed share after right issue.
Saturday, September 11, 2010
Announcements Published In Newspapers
Special GM: WMBF
World Merchant Bank & Finance Ltd has announced its special General Meeting to be held on 25 Sep 2010 (2067 Ashwin 9).
Right Share Allotment: SRBL
Sunrise Bank Ltd. has allotted its right shares.
Dividend Distribution: SHL
Soaltee Hotel Ltd has issued notice for the collection of uncollected dividend
Right Share on Auction: SBBLJ
Sahayogi Bikas Bank Ltd is selling right share in auction. These are the unsubscribed share after right issue.
Royal Merchant Bank and Finance Ltd. has announced its book closing date for 1:1 right share on 19 Sep 2010 (2067 Ashwin 3).
Nepal Stock Exchange has issued notice regarding the license of Brokers. More Details
Karnali Development Bank Ltd is distributing share slip and returning the money to the non-allotted applicants from 10 September, 2010 (2067 Bhadra 25). More Details
Business Development Bank Ltd has announced its upcoming 7th annual general meeting to be held on 1 October 2010 (2067 Ashwin 15) and also published the meeting minute of meeting number 132.
Nepal Rastra Bank is issuing 28 days Treasury bill, 91 days Treasury bill, 182 days T-bill and 364 day T-bill on 14 September 2010. The bid quotation are to be submitted by 13 September, 2010 (2067 Bhadra 29).
Sahayogi Bikas Bank Ltd. is distributing right share certificate from 8 September 2010 (2067 Bhadra 23).
Friday, April 30, 2010
Sunrise Bank at Harisiddhi
Source:
ekantipur.com
Sunday, March 28, 2010
Sunrise reaches Udaypur's Jaljal
Source:
ekantipur.com
New banks to come with a bang
With the banking system facing a liquidity crunch and the central bank tightening lending in the real estate sector, upcoming banks say they will come have to come up with new strategies to tackle the situation. While the existing banks are finding it hard to attract deposits, the new banks will have to make extra efforts to get an entry into the market. According to NRB, the liquidity situation is improving as is evident with the inter-banking lending decreasing to six percent and subscription of repo (NRB injecting money against treasury bills of banks) issued by NRB standing at just Rs. 4.96 billion against the offer of Rs. 9 billion. The existing situation prompted upcoming Civil Bank to adjourn its plan to start operations by April-May to the new fiscal year that begins in Mid-July. Civil Bank's CEO Kishor Maharjan said the plan of launching operations was differed as the bank didn't want to produce a balance sheet reflecting losses as a result of a bad market situation. Banks CEOs will be under pressure for performance. High ranking officials of the upcoming banks admitted that it was a tough time to start new banks. But, they were also convinced that their new strategies would work. Maharjan said that they could learn a lot from current crisis and they could take appropriate policies without fear to reduce lending to the real estate sector and maintaining credit and deposit (C/D) ratio as directed by NRB. Former CEO of Sunrise Bank said his bank plans to introduce attractive deposit schemes with competitive interest rates and efficient services for customers. Anil Shah, CEO of upcoming Megha Bank said his bank would offer highly sophisticated ' five start banking' services to customers. "We may increase operating hours, offer door-step banking and provide more efficient service while providing loans to customers," he said. "Being a new bank, we will have to offer competitive interest rates as well to attract depositors." Of course, there will be big challenges for new banks to attract depositors. "But, one advantage for us is that we will be able to get deposits and provide credit at higher interest rates and we will save on adjustment costs of old loans as in the case of old banks," the former CEO of Nabil Bank said. The Megha is planning to start banking transaction within mid-May. Likewise, CEO of Century Bank Ganesh Kumar Shrestha said that the bank's approach would be to provide door to door service to the customers to attract deposits and lend. "Another strategy will be to keep spread rate low offering better interest rates for both depositors and loan borrowers," he said. Century is planning to start operations within the next 2-3 months. "We will probably start banking transactions from the new fiscal year," Shrestha said. Commerz and Trust Bank CEO Anal Bhattarai said his bank would address the liquidity crunch through 'product diversification' while declining to clarify what it meant. He said that the ongoing crisis was a lesson for upcoming banks and they have a chance to make appropriate preparations to tackle the situation.Source:
ekantipur.com
Wednesday, January 6, 2010
Sunrise to issue 60% rights shares
The second Annual General Meeting (AGM) of Sunrise Bank Limited has decided to issue 60 percent rights shares to its shareholders.
A press statement issued by the Bank said that with the issuance of the rights shares, its total paid up capital would be Rs. 2 billion. The AGM also selected Suresh Basnet and Hikmat Bahadur Mali as the members of the bank's Board of Directors. The net profit of the bank rose by 412 percent in the last fiscal year as compared to the profit earned in the previous fiscal year.
Source:
ekantipur.com
Friday, November 20, 2009
Sunrise Bank in Biratnagar
Tuesday, November 17, 2009
Eagle Eyes on Kasthamandap IPO
Kasthamandap Development Bank, established under Company Act 2063 and operating under the provisions of Bank and Financial Institution Ordinance 2063 is licensed as B class Bank from Nepal Rastra Bank. The Bank is offering its Ordinary shares to General Public as IPO valued of Rs.960,000,000 (Divided in 960,000 Shares of Rs.100 each) From 2066/8/02 ¿ 2066/8/5 (Sooner) or to 2066/8/16 ( Later). With this issue, the Paid up capital of the bank will reached to Rs.320 Million. Well, if you are planning to apply for the IPO of this Bank then some of the below financial facts will be of great help to you. ( in '000)
Particulars 2064/65 2065/66 (Unaudited) 2066/67 (Projected) 2067/68 (Projd)
Paid Up capital 224,000.00 224,000.00 640,000.00 1,280,000.00
Reserve & Surplus 269.00 6,787.00 27,050.00 110,294.00
Unamortized Expenses (1,283.00) - -
Book Net worth 222,986.00 230,787.00 667,050.00 1,390,294.00
No. of Shares (' 000) 2,240.00 2,240.00 6,400.00 12,800.00
Per Shares Networth 99.54 103.03 104.23 108.62
Net Profit 269.00 6,518.00 20,403.00 83,244.00
EPS 0.12 2.91 3.19 6.50
Returned On Networth (%) 0.12 2.82 3.06 5.99 Observing the Bank profit for past 2 years and its projection for the forth 2 years, Bank has and won't seem to be able enough to earn handsome profit. But thanks to the Management team for being able to keep the Reserve and Surplus in positive figure in the early years too. In F\Y 2066/67, Bank has projected the profit of Rs.20, 403, which is 213.03% higher than this years profit. EPS too is projected to be 104% high, but these surged figures can't be termed as satisfactory in comparison to 185.71% increase in paid up capital.What can we expect from this Bank?If you are a profit hunter and you are applying the shares just for future cash inflow and little more of bonus shares then it's not the Bank you are looking for. With its projection, this Bank won't be able to return any handsome cash or pleased the shareholders with bonus shares. But if you're interested in holding its scrip to get the number multiplied with right issues then definitely you won't get disappointed. With in almost 3 Years to come, you'll be holding 4 shares for each you'll get allotted in IPO.How high it could go?
(in ,000) Vibor Bank Api Finance Sunrise Bank Kasthamandap
Paidup Capital 403,350 42,000 700,000 224,000
Reserve & Surplus (51,604) 756 355 6,787
Net worth Per Share 86.38 101.8 102.23 103.03
Price Listed on 428 550 499
PB Ratio 4.95 5.40 4.88
So looking to the average PB Ratio of these latest 3 IPO 5.07, we can expect this Bank's scrip to be listed between Rs.480 to Rs.520. But with the sharp decline of above companies' shares after listing, Rs.440 to Rs.460 would be fair price for this bank.
Source:Jamb News Service
Sunrise to have Wi-Fi
In order to access the internet, the consumers can get the web key and network key from the information desk of the bank, says a statement issued by the bank. The bank also claimed to be the first bank to launch such service in the banking industry.
Source:
ekantipur.com
Tuesday, November 3, 2009
Right Share (10:6) of Sunrise Bank Ltd.
03, Nov 2009
The BOD meeting of Sunrise Bank Ltd. has decided to propose 10:6 right share subject to approval from NRB and its upcoming AGM and has decided to amend the provision of MOA and AOA as required by DhitoPatra Darta Tatha Niskasan Niyamabali, 2065.
The trade of Sunrise Bank scrip at secondary market takes place from today. It was opened with price Rs. 499 but dragged down to Rs. 450 (12.50 PM) Tuesday.
As per the fourth quarter financial report (2065/66), the bank has posted Rs. 102.548 million net profit and Rs. 127.923 million operating profit. Likewise, the bank has paid up capital of Rs. 1.337 billion and holds Rs 12.208 million deficits in its reserve and surplus account.
Source:
Jamb News Service
Wednesday, October 28, 2009
Nepse flooded with primary shares
KATHMANDU: The secondary market is flooded with shares as today on a single day it listed 29.3-million-unit of primary shares of three financial institutions — two commercial banks and one development bank.
Sunrise Bank and Prime Bank listed their 12.5-million-unit and 10-million-unit primary shares whereas Vibor Bikas Bank listed its 6.8-million unit primary shares.
With the three new financial institutions, the number of listed companies has also gone upto 163 in Nepal Stock Exchange (Nepse). According to Nespe, with the two additions, there are 23 commercial banks in banks subgroup — the key market propeller. The 23 commercial banks have listed 281.56-million-unit shares.
Similarly, with one new entrance in the development banks sub-group the number of listed development banks has touched 30.
“Vibor Bikas Bank floated 26,52,000-unit shares worth Rs 265.20 million on June 10 for the public including its staff. It listed a total of 6.8 million-unit shares worth Rs 680 million including 41,48,000-unit promoter shares today.
The 30 development banks have listed 66.34-million-unit shares at Nepse that is dominated by banks and financial institutions. They have over 85 per cent of the total trading. According to rule, shares of listed companies will be traded after a week of listing.
Himalayan News Service
Tuesday, October 27, 2009
Down-tick prolongs: NEPSE plunged 4.89 points
The retreation at Nepal stock exchange persists yet again allowing the shabby market to close at red zone for fifth day in a row. Investors are much more caution and anxious to know the spot motive behind the downhill, however not single but bundle of grim news has triggered the negative move of stock market. The benchmark Nepse index sagged down 4.89 points or 0.82 percent to 590.44 led by financial stocks.
Analyst viewed that, the rigid rules and regulation imposed by governing bodies at stock market has impede the growth supported by investors weak outlook on the political and economical milieu. Likewise, flow of new shares in the market as right shares, bonus shares has increased the supply side along with IPOs restricted the flow of investment in stock market.
Today, Prime Commercial Bank Ltd. with stock symbol PCBL has been listed along with Sunrise Bank Ltd. (SRBL) and Vibor Bikash Bank Ltd. (VBBL). 10000000 units shares of PCBL, 12500000 units shares of SRBL and 6800000 unit shares of VBBL has been listed today on consent of Nepal Stock Exchange and trading of all those banks will be started from 3 November 2009 (2066 Kartik 17). Likewise, from today Asian Life Insurance Company Ltd. has issued 1080000 units of shares (including 43200 units for its employees) to the general public at face value of Rs. 100.
The selling pressure mostly on financial stocks has triggered the downhill trend. Commercial banks which command the titanic volume of trade in daily trading hour fronted the declining rally losing 8.03 points or 1.39 percent to 571.23. Machhapuchchhre Bank (Rs. 351, -6.40%),Everest Bank (Rs. 1825, -5.98%), KIST Bank (Rs. 352, -4.86%), NICB (Rs. 817, -3.88%) along with key banks as Standard Chartered (-Rs 20), Nepal SBI (-Rs 4), Kumari Bank (-Rs 20) plummets in banking sectors. Likewise, development bank lost 0.67 points (-0.10%), finance slid 1.60 points (-0.26%) and insurance edge down 1.66 points or 0.27 percent. However, hydropower rose marginal of 0.71 points and others added 4.70 points on positive pricing of Nepal Telecom (Rs. 545, +0.74%).
Sensitive index, 78 scrip domestic blue chip ended losing 1.85 points or (-1.23%) to 148.47 as key financial scrip traded below previous close. Sensex consists, 14 commercial banks, 37 finance companies, 15 development bank, 10 insurance companies and one each from hydropower and manufacturing companies. Similarly, float Index an indicator of performance of ordinary shares in the market fell 0.49 points to 56.45.
Merely 69 companies registered their presence in the secondary market with 22 gainers and 35 losers. The A-D ratio was maintained at 0.63. All in all 93511 shares traded today via 1010 transactions. Moreover, Rs. 53209728 turnover was realized along with Rs.416176.55 million market capitalizations. Yesterday, Rs. 57064520 turnover was realized from 90370 units of shares traded along with Rs.419623.3 million market capitalizations
The top five standouts of the day are MFCL(9.85%), GFL( 6.3%), CIT( 3.84%), CZBIL( 3.48%), PSDBL(2.04%). Whereas, NEFL(-22.95%), MBL( -6.4%), EBL( -5.98%), KIST( -4.86%), NICB( -3.88%). comprised of the top five losers.
Monday, October 12, 2009
Sunrise, Bank of Asia enter third year
Two years ago, on this very day, the 22nd and 23rd commercial banks — Bank of Asia Nepal and Sunrise Bank began their operations. Sunrise Bank started with the aim of becoming one of the leading banks by 2012. "It has expanded its reach and added 24 branches in two years," said Sunrise Bank's acting chief executive officer Suman Neupane. Kishore Maharjan led the bank for two years before resigning last week. T M Duggar group is one of the promoters of Sunrise Bank.
Sunday, September 13, 2009
Sunrise Bank’s new ATM
KATHMANDU: Sunrise Bank Ltd opened its 20th ATM in Nyatapola Bhaktapur on Friday. It was inaugurated by founder chairman of Bhaktapur Chamber of Commerce and Industry (BCCI) Ram Bahadur Tamrakar. “The bank plans to start to operate 26 ATMs — by adding ATMs in Ilam, Bardibas, Kakarvitta, Birtamode, Rajbiraj and at Lazimpat of Kathmandu soon, a bank statement read. Currently, the bank has 23 branches. Sunrise Bank has registered Rs 130 million operating profit in the fiscal year 2008-09. — HNS
Sunday, September 6, 2009
Turnaround on the horizon as Share market enters oversell zone
REPUBLICA
The Nepse index (-3.10%) touched a three month low of 654.63 points on Tuesday, before closing at 660.40 points, as investors remained concerned over the supply impact of the conversion of 19% promoters´ shares. However, the current downtrend in the market is fundamentally unjustified, and the supply pressure has been overestimated.
Finance Companies were the key players in the market. Prudential Bittiya Sanstha (+Rs 37) which is closing its book for a 1:2 right issue on September 9 was the highest gainer followed by Bhajuratna Finance (+Rs 12) and Everest Finance (+Rs 28). However, the big losses of Guheshwori Merchant & Banking Finance (-Rs 139) whose shares traded for the first time since the issuance of 18% bonus shares and World Merchant Banking & Finance (-Rs 75) pulled down the Finance sub-index(-1.39%). The rest of the active sectors too traded in the red, with Commercial Banks (-4.10%) suffering the steepest decline as Bank of Kathmandu (-Rs 141) and DCBL Bank (-Rs 19) recorded the biggest losses in the sector. Development Banks (-2.50%) followed suit with Siddhartha Development Bank (-Rs 33) falling the most. Similarly, Hydropower sub-index (-2.07%) also declined because of the fall in share prices of Butwal Hydropower (-Rs 5). Although Lumbini General Insurance (+Rs 12) posted one of the highest gains of the week, the losses in the prices of the majority of the insurance companies contributed to the overall decline of the Insurance sub-index (-0.59%). Similarly, the depreciation of Nepal Telecom´s (-Rs 11) stock price dragged down the ´Others´ index (-1.78%).
Among other news, IME Financial Institution declared 1:3 right shares, and Sunrise Bank announced the distribution of its IPO. Additionally, Birgunj Finance and Goodwill Finance announced their book closure dates for 1:3.92 right (on September 7) shares and 1:1.5 right shares (on September 15) respectively. Business Development Bank also announced book closure for 1:2.1 right shares on September 14. The market attempted to recover on Wednesday by gaining 5.77 points. Technical analysis indicates that the market is currently in an oversell state and might have reached the threshold, in which case a slight uptrend can be anticipated next week. However, the strength of the uptrend remains uncertain due to regulation risks still lurking. The total turnover of the week amounted to Rs 34,54,33,241, with a 15.78% decrease in the average daily volume.
Sunday, August 30, 2009
Sunrise launches music album
KATHMANDU, Aug 28: Chairman of Sunrise Bank Tolaram Dugar launched an instrumental music album of senior musician Sambhujit Baskota amid a function on Friday. The album was produced by the bank.According to a press release, the bank produced the album in a bid to conserve and promote the originality of Nepali music. "It is an endeavor of Sunrise Bank to contribute to the society and meet the corporate social responsibility," the release quoted Kishore Maharjan, chief executive officer of the bank, as saying.The release stated that the bank will use the royalty earned from the sales of the album to extend support to several social activities.
