I hear sth bad about NIC Asia occasionally but how are they doing pretty good in stock market. Saying this i have just started learning about stocks and doing little bit of research on what I can.
So AFAIR they occupied Sudhir basnet’s land by circumventing the law which I am not 100% sure and i was watching k danush’s video about vishal group and he mentioned that nic asia approved big amount of shares applied by accounts which didn’t have any money on their bank account for ghorahi cement because some promoters are same in both companies (vishal group) are same and also they used some shady credit rating institution for nic asia laghubitta sansthan and . Also, I found nic asia interest scam and scams on home loan and they haven’t paid dividend for 3 years which i heard because of technical issues but wouldn’t be surprised if they faked the scenario??
Still the stock price seems relatively higher than other banks which have similar financials . Do you think it will continue being one of the biggest bank in future or the company is destined to fail if incase there is some good government and regulatory bodies for businesses ?
I didn’t do any deep research but just some basic information i came across i would be happy to be proven wrong .
View on r/NepalStock by Saphal_59
Promoters selling their shares frequently. I sold mine holdings at 795 and bought SCB. 2 yrs dekhi bonus nadiyekole bonus Dina sakne chances ramro cha Tara earnings vaneko thikai matra jasto lagyo nica ko. If 2 yrs 15-15% garera 30% bonus Deko vaye eps around 30 hunthyo. Khasai ramro growth Pani dekhina maile. Long term hold garne vaye at this price there are better options.
Khai 500 ma kinna paiyela vanera kuri ra ho aaudaina. Last year dividend dinna vanda 500 ma aaula vanne katro aash thiyo. Kinnai paiyena. Khattam future navako voli nai dubne bank ho ni NICA ta. Becham hai sabaile. Yeso -ve circuit hannne banam. Yo pali ni dividend didaina re. Halla sunya. Arko barsa ta jhan 200 ma pugxa re value. Ani company nai taat paltine awastha xa re hai NICA ko. Gopya suchana bata halla aako. Yo pali ko EPS pani fake hore. Bhau badhayera kitta fyakna nikalya re. Gopya suchana.
Why would they fake a scenario to avoid giving dividends…that would piss off the promoters…and also all the profits still gets accumulated…and will have to be distributed someday
NICA didn’t give bonus/dividends for the last 3-4 years. The profit they could’ve distributed has been accumulated in their reserves, and they might give accumulated bonus this year. It’s price is therefore high. Other banks on the other hand had distributed profits to the shareholders in terms of bonus shares, and their price got adjusted, that’s why they’re cheaper than NICA.
Arko kura, Company bhitra ko locha ta kun ma chhaina hola ra, RBCL hernus, lochai locha chha but price udirako chha. CIT, NTC ma pani lafada xa bhitra bhitrai bhanne sunyathe. Aba market decides the price, bhitra j sukai hos. If news bahira ayo bhane drastic drop dekhna sakinxa, just like Microfinance. Until then, no issues in my POV.
However comes in top 5 .