Hye there , in recent time i’m friend talk about IPO , which i’m totally unaware of does anyone has idea , how it happen and how can we know such scam’s ?
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Day: February 6, 2024
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Mithila Laghubitta Bittiya Sanstha Limited Reports Q2 Net Profit Decline of 38.73%, Reveals Financial Snapshot
Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year.
MLBBL’s financial structure exhibited a 2.73% increase in borrowings, totaling Rs. 1.33 Arba. Simultaneously, loans and advances saw a growth of 7.54%, reaching Rs. 2.49 Arba in the current reporting quarter.
In terms of core revenue, the net interest income experienced a slight decrease of 2.56%, amounting to Rs. 5.57 crores in the current quarter compared to Rs. 5.72 crores in the corresponding quarter of the previous fiscal year.
The company maintains a strong financial foundation with a paid-up capital of Rs. 19.6 crores and reserves totaling Rs. 13.71 crores. The annualized earnings per share (EPS) stood at Rs. 13.60, while the net worth per share was reported at Rs. 167.22. Interestingly, MLBBL is currently trading at a P/E multiple of 69.23 times.
On another financial aspect, the Non-Performing Loans (NPL) witnessed a notable increase of 35.87%, resulting in a standing ratio of 4.47%. The provided figures offer a comprehensive overview of MLBBL’s financial performance and position in the specified quarter.
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Fine Gold Drops by Rs. 500 per Tola, Silver Down by Rs. 15 per Tola
The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs. 1,18,500 per tola.
Similarly, Tejabi gold is currently priced at Rs. 1,17,450 per tola, indicating a decrease of Rs. 500 compared to Monday’s closing price of Rs. 1,17,950 per tola. This decline in prices suggests a notable shift in the precious metal market within a short timeframe.
Furthermore, the price of silver has also seen a reduction of Rs. 15 per tola, with the current market rate standing at Rs. 1,375 per tola. This contrasts with the closing rate on Monday, which was Rs. 1,390 per tola. The adjustments in both gold and silver prices highlight the dynamic nature of the market, influenced by various factors impacting precious metal valuations.
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NEPSE Index Gains 0.45%, Himalayan Reinsurance Leads Turnover
The Nepal Stock Exchange (NEPSE) Index recorded a gain of 9.44 points, equivalent to 0.45%, compared to the previous day’s closing, concluding at 2,085.71 points. The index had experienced a gain of 14.57 points in the preceding trading session. The market commenced today with an opening index of 2,073.83, reaching an intraday low of 2,067.59, and achieving an intraday high of 2,087.24.
During the day’s trading activities, a total of 315 different stocks were exchanged in 66,559 transactions. The volume of shares traded amounted to 7,624,376, resulting in a total turnover of Rs. 2.59 Arba. The market capitalization settled at Rs. 32.78 Kharba, with a float market capitalization of Rs. 11.23 Kharba.
Himalayan Reinsurance Limited (HRL) emerged as the leader in turnover, totaling Rs. 33.76 crore, concluding the day with a market price of Rs. 704.90. Additionally, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) experienced the highest gain of 9.99%, followed by Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) with a gain of 9.42%.
On the downside, Samling Power Company Limited (SPC) faced the highest loss of 10%. Regarding sector indices, two sectors closed in the red on this particular day. The “Manufacturing And Processing Index” observed the highest gain of 1.08%, while the “Others Index” incurred a loss of 0.55%.
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Nepal Rastra Bank Reports Stable Macroeconomic Indicators and Financial Trends for Mid-January 2023/24
The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports decreased by 3.1%, exports by 7.2%, and the trade deficit by 2.6% during the period.
As of mid-January 2023, the outstanding concessional loan amounted to Rs. 155.40 billion, benefiting 133,174 borrowers. Notably, Rs. 104.73 billion was extended to 52,872 borrowers for selected commercial agriculture and livestock businesses, while Rs. 48.60 billion was loaned to 77,918 women entrepreneurs. The NEPSE index stood at 2120.62, a slight decrease from 2149.39 in mid-January 2023.
In terms of inflation, the year-on-year consumer price inflation moderated to 5.26% in mid-January 2024 compared to 7.26% a year ago. The merchandise exports decreased by 7.2% to Rs. 74.97 billion, with a notable decline in exports to India by 12.8%, while exports to China and other countries increased significantly. Merchandise imports decreased by 3.1% to Rs. 768.17 billion, and the total trade deficit decreased by 2.6% to Rs. 693.20 billion.
Services income remained at a deficit of Rs. 36.06 billion, while remittance inflows increased by 25.3% to Rs. 733.22 billion. Inter-bank transactions among financial institutions totaled Rs. 2574.20 billion. The price of oil in the international market decreased by 4.2%, and the price of gold increased by 5.6%.
Foreign exchange reserves increased by 18.0% to Rs. 1816.57 billion in mid-January 2024. The Nepalese currency depreciated by 0.91% against the US dollar. Government expenditure decreased by 1.7% to Rs. 566.62 billion, while revenue mobilization increased by 8.2% to Rs. 496.50 billion.
In the monetary sector, domestic credit increased by 2.6%, and deposits at Banks and Financial Institutions (BFIs) expanded by 6.6%. Private sector credit from BFIs increased by 4.0%. The average base rates of commercial banks, development banks, and finance companies stood at 9.35%, 11.49%, and 12.77% respectively.
The Balance of Payments (BOP) remained at a surplus of Rs. 273.52 billion, an increase from Rs. 92.15 billion in the same period of the previous year. In US Dollar terms, the BOP surplus was 2.06 billion compared to 697.4 million a year ago.
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Reliable Nepal Life Insurance Limited (RNLI) Records Strong Q2 Performance with 4.97% Surge in Net Profit
Reliable Nepal Life Insurance Limited (RNLI) has recently announced a noteworthy 4.97% increase in its net profit, reaching Rs. 23.09 crore in the current quarter, as opposed to Rs. 22 crore in the corresponding quarter of the previous year. The company, with a paid-up capital of Rs. 4 Arba and a share premium of Rs. 1.75 Arba, has demonstrated financial stability, boasting Rs. 1.23 Arba in retained earnings, Rs. 5.56 Crores in other equity, and Rs. 14.37 Crores in catastrophe reserves. Additionally, RNLI maintains a life insurance fund of Rs. 8.54 Arba.
Operationally, RNLI has shown resilience with a 1.74% increase in net premiums, totaling Rs. 1.75 Arba in Q2 FY 2080/81 compared to the previous year. The company’s financial acumen is highlighted by its ability to generate Rs. 63.90 Crores from income derived from investments, loans, and other financial activities. However, it’s important to note that there was a 21.85% increase in net claims during the quarter, amounting to Rs. 1.63 Arba.
Key financial indicators underscore RNLI’s strong performance, with an annualized earnings per share (EPS) of Rs. 11.55, net worth per share of Rs. 179.71, and a P/E ratio of 49.01 times. It’s crucial to acknowledge that final profit in the life insurance sector may vary based on actuarial valuation, in line with industry practices.
The provided figures indicate a positive trend for RNLI, showcasing its robust financial position, operational efficiency, and strategic investments. The company’s commitment to maintaining reserves and prudent financial management contributes to its overall stability and growth in the competitive insurance sector.
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investment opinion of members of this sub
[saw this post](https://www.reddit.com/r/NepalStock/comments/1ajclx4/what_should_i_do_i_got_to_know_about_this_recently/) OP’s dad invested 50L in nabil and is in constant loss.
Most of you are saying make it a long term thing, 1500-1600 samma bechna sakchau. do you guys even realized what you saying? nabil is already a 1.2 kharab company. 1500-1600 would mean it to be around 4 kharab company in market capitalization. what makes you think nabil will reach there?Stock’s arent driven by past prices, but are driven by future potential, fundamentally speaking. Supply and demand plays vital role in stock market performance. Nabil and overall banking sector is heavily capitalized i.e lots of float shares. business growth is in low trend since past few years. NPL ta dhilo chado recover hola but bubble price maa nabil feri pugcha vanne kei base chaina. and stock market performance shows that. I really had never seen nabil below 600-700 ever.
Past maa nabil 1700 pugyathyo, arko bull maa feri pugcha is the worst thing you’d want to assume (talking from experience)
Chilime, SCB ,SBI,EBL 8-10 year agi high price maa kinne haru are still in loss. and mind you thats a long time. finally after so long they are showing some positivity. they were hit hard by NRB’s mandatory capital increment policy. this is what overcapitalization does to banks. nabil probably in same road.business potential, market capitalization , growth trend herera investment garnus , mero sano advice , take it or leave it.
personally I prefer banks like sanima, pcbl, gbime rather than nabil. NABIL ko tyo price was never justified, it was a balloon because of bonus share ko addiction in nepse. similar business vako aru bank ko average price tira aaune chances is high in Nabil.idk if the guy whose dad bought 50L worth of nabil will read it or not; if I were you I’d Sell NABIL and buy GBIME, SANIMA,IGI, SHPC .
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Daily Discussion Thread (Tuesday – Feb 06, 2024)
Use this post to discuss what to buy/sell/trade/avoid/watch today and in the coming days.
As always, the rules still apply.
**Have a TMS or Meroshare issue? Query about EDIS or collateral? Ask here instead of creating another thread. All queries regarding TMS, MeroShare, Broker issues, EDIS, Settlement and Payments should be asked here.** >!DO NOT create another post.!<
BEGINNER? [**Go here first!**](https://www.reddit.com/r/NepalStock/wiki/beginners-guide)
DO NOT MAKE SEPARATE **INDIVIDUAL** POSTS ASKING:
* what to buy or sell,
* or what bank to buy,
* or what insurance to buy,
* yo share kati samma mathi jancha hola
* IPO ma pareko yo share kun din bechda ramro hola, ajhai 1-2 din parkhine ki nai etc.will be deleted. Repeat violators will be banned.
Happy Investing!
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