Tag: Experience

  • Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal

    Gold Prices Rise by Rs. 400, Silver Dips Rs. 5 per Tola in Nepal


    Gold continues to display its allure with a daily price surge of Rs. 400 per tola, while silver, on the other hand, experiences a marginal decline of Rs. 5 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading value for fine gold stands at Rs. 118,400 per tola, indicating a Rs. 400 increase from the closing price of Rs. 118,000 per tola on Friday.

    Similarly, Tejabi gold is now priced at Rs. 117,850 per tola, reflecting a Rs. 400 increment from the Friday rate of Rs. 117,450 per tola. In contrast to gold’s upward movement, silver observes a slight decrease of Rs. 5 per tola, with the current market rate settling at Rs. 1,390 per tola, as opposed to Friday’s closing rate of Rs. 1,395 per tola.

  • What’s your experience been with MF?

    What’s your experience been with MF?


    Can someone share their experience with mutual funds? I’m thinking about investing some amount (rs 4 lakhs around) and not sure if I should FD or MF?

    Any suggestions?

    View on r/NepalStock by himalayan_knight

  • How was your experience today? I forgot to swing trade, however still holding strong. Will probably go long this time, coz I already have money to buy low.

    How was your experience today? I forgot to swing trade, however still holding strong. Will probably go long this time, coz I already have money to buy low.


    Guys, this is the golden opportunity in Nepse. Ghatyo bhane kinne paisa cha hoina ta? Aja swing trade hannai birse, broker ko ma paisa lina gako thiye yeso :D. Holding strong. Are you holding till 2900 or beyond? 2023 ma 3000 ekchoti feri chuncha jasto cha ta! 4 arab ko karobar back to back!!!!!!

    View on r/NepalStock by deltacronvirus

  • Wanted some opinion if anyone has experience

    Wanted some opinion if anyone has experience


    Any body here in the forum worked at cash equity desk at BB firms (bulge bracket) i want your opinion on Nepalese broker market.

    View on r/NepalStock by NefariousnessOk4050

  • Bidding for stocks at an auction: experience and insights

    Bidding for stocks at an auction: experience and insights


    Has anyone had experience bidding on stocks/purchasing stocks at an auction? I know that the bid needs to be quoted and submitted. Then, the qualified bidders would be chosen based on the price they’re willing to purchase for.
    How do you usually determine the percentage below LTP that you quote in a bid?
    What are some potential red flags that need to be scrutinized for stocks available in an auction?

    Any useful information would be appreciated.

    View on r/NepalStock by Mundane_Impression_7

  • “NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers”

    “NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers”


     

    "NEPSE Climbs 14.81 Points; TSHL and GCIL Take Opposite Paths with Circuit Breakers" 10

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,080.86 points, showing a rise of 0.71% or 14.81 points from the previous day’s close. Last week’s final trading day saw a small increase of 5.13 points.

    The trading session began with the index starting at 2,065.4 and briefly hitting a low of 2,057.70 during the day. However, the market reached a peak of 2,087.93 before settling at the closing value of 2,080.86.

     

  • “Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”

    “Significant Decline in Real Estate Transactions in Nepal during FY 2079/80, Delay in Opening Land Allotment Impacts Economy”


    In the last financial year 2079/80, there was a significant decrease in real estate transactions, according to data from the Department of Land Management and Archive. The purchase and sale of land dropped by approximately 38%, resulting in a decrease in the number of processed documents for real estate transactions. In the financial year 2078/79, around 745,000 documents were processed, but in the last FY 2079-80, this number was limited to around 463,000.

    The decline in land transactions was evident in Ashad, the last month of the financial year 2079-80, with only 44,485 documents being processed compared to 55,069 documents in Jestha, which recorded the highest transactions for the financial year. The Department of Land Management and Archive reported that 42,461 land deeds were processed in Baisakh, and 49,150 in Chaitra. The numbers gradually decreased until Asoj when it dropped to about 26,000, but then it began to increase slowly again.

    The slowdown in real estate transactions had a significant impact on the government’s revenue collection. The real estate revenue decreased by about 29%, totaling only Rs. 41 Arba 15 crore 76 lakhs in the last financial year, compared to Rs. 57 Arba 66 crores 99 lakhs the previous year.

    The plotting of land also decreased considerably, with a 60% drop compared to the financial year 2078/79. In FY 2079-80, 285,000 plots were divided, whereas in FY 2078/79, 694,213 plots were divided.

    To address the slowdown in land transactions and its impact on the overall economy and government finances, the government had planned to open the allocation of land. However, the Land Management and Archive Department has not yet issued any instructions or circulars to do so, and the situation remains unchanged.

    The legal knot to open the land auction needs to be untied, and the First Amendment Regulations-2079 require amendment to open the land registry. The Ministry of Land Management, Cooperatives, and Poverty Alleviation is currently preparing for this.

    In recent days, the real estate business has shown signs of improvement due to the increase in investable capital in banks. As banks started accumulating investments, investments in real estate have started to increase again.

    Despite the announcement to facilitate the sale of real estate and the decision of the Council of Ministers to open the section, the implementation has been delayed. The Nepal Land & Housing Developers’ Association is urging the government to implement the decision and release Kittakat, claiming that the overall economic activity of the country is slowing down because the real estate sector is not functioning.

  • Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges

    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) Reports Net Loss in Third-Quarter Results, Highlighting Financial Challenges


    Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has recently released its third-quarter report, revealing a significant shift from profit to a Net Loss of Rs. 1.21 crores compared to the profit of Rs. 1.02 crores earned in the corresponding quarter of the previous fiscal year.

    The company’s core revenue source, Net Interest income, experienced a decline of 18.26%, amounting to Rs. 3.28 crores up to the third quarter of the ongoing fiscal year. This decrease in Net Interest income has adversely affected the profitability of AVYAN.

    One concerning aspect in the report is the substantial increase in Non-Performing Loans (NPL), which rose to 4.61% in the third quarter of FY 2079/80, compared to only 0.45% in the corresponding quarter of FY 2078/79. This rise in NPL has further impacted the company’s profitability.

    Another notable change is the doubling of the Cost of Funds, which reached 13.90% in Q3 of the ongoing fiscal year. This increase has added to the financial challenges faced by AVYAN.

    The staff expenses of the financial institution have witnessed a sharp spike of 94.13%, amounting to Rs. 5.31 crores up to the third quarter, in contrast to Rs. 2.73 crores in the corresponding quarter of the previous fiscal year. This surge in staff expenses has added to the financial burden of the company.

    AVYAN currently maintains a paid-up capital of Rs. 25 crores, with reserve and surplus funds amounting to Rs. 2.19 crores. However, the company reports a negative Earnings per Share (EPS) ratio of Rs. -6.50 and a Net Worth of Rs. 108.79.

    The closing price of AVYAN’s shares at the end of the third quarter of the ongoing fiscal year stood at Rs. 619.9. The third-quarter report highlights the challenges faced by AVYAN, with a significant shift from profit to a net loss and various financial indicators pointing towards a decline in performance.

  • Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance

    Salt Trading Corporation Limited (STC) Reports Nearly Doubled Net Profit in Third-Quarter Results, Showing Strong Financial Performance


    Salt Trading Corporation Limited (STC) has recently published its third-quarter report for the ongoing fiscal year, revealing a nearly twofold increase in Net Profit, amounting to Rs. 3.71 crores. The company’s primary revenue source, sales, demonstrated a noteworthy growth of 17.44%, reaching Rs. 5.77 Arba. However, the selling expenses experienced a more significant surge of 21.65%, totaling Rs. 5.07 Arba during the third quarter of FY 2079/80.

    During the same period, STC observed a 12.51% rise in staff expenses and a 15.84% increase in administrative expenses compared to the corresponding quarter of FY 2078/79. On a positive note, the company’s Interest Expenses witnessed a substantial decrease of 35.44%, declining to Rs. 27.25 crores from Rs. 42.16 crores in the previous fiscal year’s third quarter. This reduction in interest expenses played a role in enhancing the company’s overall profitability.

    STC currently maintains a paid-up capital of Rs. 25.35 crores and possesses reserve and surplus funds amounting to Rs. 1.35 Arba. Additionally, the company holds property, plant, and equipment valued at Rs. 1.46 Arba, which remained relatively stable compared to the corresponding amount in the third quarter of the previous fiscal year.

    With an impressive Earnings per Share (EPS) ratio of Rs. 19.52 and a Net Worth of Rs. 632.89, STC exhibits positive financial indicators in its third-quarter report. The significant increase in Net Profit, coupled with improved revenue and reduced interest expenses, signifies the company’s strong performance and its commitment to maintaining a robust financial position.