Tag: NC

  • “Nepalese Stock Market Witnesses a Slight Decline with ANLB Leading Gains and SGHC Facing Losses”

    “Nepalese Stock Market Witnesses a Slight Decline with ANLB Leading Gains and SGHC Facing Losses”


    Today, the Nepalese stock market index, NEPSE, experienced a decline of 0.23% and closed at 1,866.40, which is 4.27 points lower than the previous day’s close. During the trading day, the index reached a high of 1,878.96 and a low of 1,860.43 after opening at 1,871.63. The total turnover for the day was Rs. 69.22 Crores, lower than the previous day’s turnover of Rs. 95.43 Crores, with 271 stocks traded through 21,649 transactions.

    Himalayan Distillery Limited (HDL) had the highest turnover of Rs. 2.44 crores with a market price of Rs. 1,900 per share, while the most traded shares belonged to NICBF. Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB) gained 8.20% during the day, while Swet-Ganga Hydropower & Construction Limited (SGHC) lost the highest percentage of 4.70%. Among the six sector indices, “Trading” experienced the highest decline of 1.53%, whereas “Mutual Fund” gained 0.54%.

  • “National Hydro Power reports Q3 net loss of Rs. 2.29 Crores due to increased interest expenses; announces plans to issue 50% right shares”

    “National Hydro Power reports Q3 net loss of Rs. 2.29 Crores due to increased interest expenses; announces plans to issue 50% right shares”


    In the third quarter (Q3) of the current fiscal year 2079/80, National Hydro Power Company Limited (NHPC) reported a net loss of Rs. 2.29 Crores, compared to a profit of Rs. 3.27 Crores in the corresponding quarter of the previous year. The company’s total revenue till the end of Q3 was Rs. 2.91 crores. However, NHPC’s administrative expenses declined by 6.97%, while financial expenses increased significantly by 125.40%, affecting the company’s profitability for this quarter.

    NHPC’s reserves and surplus currently stand at Rs. 83.03 Lakhs, with share capital at Rs. 1.64 Arba. The hydropower company plans to issue 50% right shares worth Rs. 82.21 Crores to its existing shareholders, which will increase the paid-up capital to Rs. 2.46 Arba after approval by SEBON.

    NHPC is also involved in the Lower Erkhuwa Hydropower Project in Bhojpur District, Province 1, which is expected to start generating 80 GWh of energy annually within 2023 and generate about N. Rs. 450 million in revenue. Additionally, the company is leading the study of the Likhu hydropower project, which is being promoted after concluding an agreement regarding holding of 75% shares in Bright Energy Solutions.

    NHPC’s annualized earning per share is currently at Rs. -1.86, while the net worth per share is at Rs. 100.50. The company’s Q3 report shows a decrease in reserves and surplus by 75.90%, property, plant, and equipment (NET) increasing by 0.51%, and a decline in total income (power sales) by 19.41%. The Q3 market price for NHPC was at 239.

     

  • “IPO Shares for Ingwa Hydropower’s General Public Offering Now Available: Get Your 12,68,639 Units Today!”

    “IPO Shares for Ingwa Hydropower’s General Public Offering Now Available: Get Your 12,68,639 Units Today!”


     

    Ingwa Hydropower Limited has announced the closure of its IPO issuance of 12,68,639 unit shares with a face value of Rs. 100 per share. The issue, which opened on April 13, 2080, is oversubscribed by 8.64 times, with 994,624 applicants applying for a total of 10,964,750 units. The company intends to collect Rs. 12.68 crore from this IPO, with 70% of the shares belonging to promoter shareholders.

    Before this issuance, the company had allotted 306,840 units of its 6,00,000 unit shares worth Rs. 6 crores to project-affected locals in Taplejung District, with the remaining 293,160 units added to the 12,00,000 units reserved for the general public. Out of the total 14,93,160 units available to the general public, 120,000 units have already been allotted to Nepalese citizens working abroad, while 5% and 2% have been set aside for mutual funds and employees of the company, respectively. The remaining 12,68,639 units are for the general public, with a minimum application of 10 units and a maximum of 20,000 units.

    The IPO issuance is managed by Sunrise Capital Limited, while CARE Ratings Nepal Limited has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Ingwa Hydropower Limited, indicating a moderate risk of default regarding timely servicing of financial obligations in Nepal. The company was incorporated on June 23, 2009, as a private limited company and was later converted into a public limited company on August 25, 2014. The company’s institutional promoters and individual businessmen in Nepal have promoted it to set up a 9.70 MW run-of-river, Upper Ingwa Khola hydroelectric project under the BOOT mechanism in the Panchthar district of Nepal.

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  • “Ankhukhola Hydropower Plans to Issue 200% Right Shares Pending Approval from Electricity Regulatory Commission”

    “Ankhukhola Hydropower Plans to Issue 200% Right Shares Pending Approval from Electricity Regulatory Commission”


    Ankhukhola Hydropower Company Limited (AKJCL) has proposed to issue 200% rights shares to its shareholders. The company aims to invest 60% of the newly raised capital in the Ganesh Himal Hydropower’s 20 M.W- Ankhu Khola-2 Hydropower project. This decision was made during a board of directors meeting held on Baishakh 15, 2079.

    After the issuance of right shares at a ratio of 1:2, AKJCL’s paid-up capital will increase from Rs. 80 crores to Rs. 1.60 Arba. On Chaitra 23, 2079, a meeting was held where it was decided to invest 60% in the Ankhu Khola-2 Hydropower project. The investment agreement between the two companies was signed on Chaitra 24, 2079.

    The Ankhu Khola-2 Hydropower project is designed to generate 122.16 GWh of electricity annually, based on a river flow rate of 27.73 cubic meters per second and a total head of 91 meters. The electricity produced will be transmitted to the national grid through a 5 km transmission line via the Nepal Electricity Authority’s proposed Lapang Substation.

    AKJCL plans to invest the Rs. 96 crores received from legitimate shares in the Ganesh Himal Hydropower project. The remaining funds will be used to pay off loans and other obligations owed to banks and other financial organizations. However, the issuance of right shares will only occur after approval from the Electricity Regulatory Commission and endorsement by the company’s upcoming AGM.

     

  • “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”

    “Ankhukhola Hydropower Sales Revenue Drops by 11.09% to Rs. 15.4 Crores, Net Worth Per Share Falls Below Par Value at Rs. 71.25”


     

    Ankhukhola Hydropower Company Limited (AKJCL) has released their Q3 financial report for the FY 2079/80, revealing a significant decrease of 71.59% in net profit compared to the same quarter in the previous year, with the current net profit standing at Rs. 86.52 Lakhs. Total revenue up to the third quarter of FY 2079/079 has also decreased by 11.09% to Rs. 15.4 crores. However, AKJCL will receive a grant of Rs. 4.62 crore from the Nepalese government for the installation of Ankhu Khola-1, which has not yet been included in their revenue. Additionally, the company has signed an agreement to invest 60% in Ganesh Himal Hydropower’s 20 M.W. Ankhu Khola-2 Hydropower project. The administrative and general expenses have increased by 18.37%, while the finance expenses have decreased by 7.26%. The paid-up capital of the company stands at Rs. 80 crore with a negative reserve of Rs. 23 crore in reserve fund, and the company reported an annualized EPS of Rs. 1.44 and net worth per share of Rs. 71.25.

  • “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”

    “Himalaya Urja Bikas Company Limited reschedules 22nd AGM with new agenda items”


    Himalaya Urja Bikas Company Limited (HURJA) has announced that its 22nd Annual General Meeting (AGM) will now be held on 9th Jestha, 2080. The meeting was originally scheduled for 29th Poush, 2079, but was rescheduled. The AGM will take place at Arpan Banquet in Nayabaneshwor, Kathmandu, starting at 11 am on the specified day.

    The agendas for the AGM include endorsing the annual report for the fiscal year 2078/79 prepared by the board of directors, approving the auditor’s report for the same period, appointing an auditor for the fiscal year 2079/80, and approving their compensation. The meeting will also appoint Mr. Suman Sharma Chaulagain as a Director and propose to increase the authorized and issued capital of the company to Rs. 2.5 Arba. The company will also endorse 1:1 (100%) right shares from the paid-up capital of Rs. 99 Crores and manage capital received after issuance of rights shares.

    Investors who held shares of HURJA before the book closure date of Poush 18 will be able to attend the AGM.

     

  • Aatmanirbhar Laghubitta reports a decline in Q3 net profit by 27.64%

    Aatmanirbhar Laghubitta reports a decline in Q3 net profit by 27.64%


    Aatmanirbhar Laghubitta Bittiya Sanstha Limited (AATMA) has reported a 27.64% decrease in net profit for Q3 of FY 2079/2080 compared to the same quarter of the previous fiscal year, according to its unaudited financial report. The company’s net profit declined to Rs. 4.46 crores from Rs. 6.1 crores in the corresponding quarter of the previous year. The decline in net profit is due to a decrease in net interest income by 17.19% and an increase in impairment charges by 437.70%, which caused the operating profit to decrease by 43.09%. AATMA’s borrowing stands at Rs. 8.53 Arba, while its loans declined by 11.38% to Rs. 1.27 Arba. The company recently issued an IPO of 1,69,755 units worth Rs. 1.69 crore to the public.

  • NEPSE Index Experiences 1.01% Loss, SHIVM Has Highest Turnover

    NEPSE Index Experiences 1.01% Loss, SHIVM Has Highest Turnover


    The NEPSE index experienced a loss of 1.01% and closed at 1,870.65 today, dropping by 19.11 points from the previous trading day’s closing. The index had also lost 2.27 points yesterday. The trading day started with an opening index of 1,889.41 and achieved an intraday high of 1,890.34. However, it reached an intraday low of 1,867.73 before ultimately settling at 1,870.65. During the trading day, 271 scrips were exchanged through 26,801 transactions, with a total of 3,206,450 shares worth Rs. 95.43 Crores in turnover, which was higher than the previous trading day’s turnover of Rs. 73.96 Crores. SHIVAM CEMENTS LTD (SHIVM) had the highest turnover of Rs. 4.25 crores, closing at a market price of Rs. 405 per share, while the shares of NIMB had the most trading volume. NMB Sulav Investment Fund – 2 (NSIF2) showed the highest increase of 3.33% for the day, while NIBL Growth Fund (NIBLGF) experienced the highest decrease of 8.89%. All sector indices closed in the red, with “Hydropower” experiencing the highest loss of 1.87%, while “Investment” had the lowest loss of 0.53% for the day.

  • 6.5% Bonus Shares of Guheshowori Merchant Banking Listed in NEPSE

    6.5% Bonus Shares of Guheshowori Merchant Banking Listed in NEPSE


    Guheshowori Merchant Banking and Finance Limited (GMFIL) has recently listed 6,17,760 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company had held its 21st Annual General Meeting on 27th Magh, where a dividend of 6.84% was approved for the fiscal year 2078/79. The board of directors had decided to distribute the dividend on the paid-up capital of Rs. 95.04 Crores, which included 6.50% bonus shares worth Rs 6.17 Crores and a 0.34% cash dividend worth Rs 32.51 Lakh (including tax on bonus shares). These same bonus shares are now available for trading on the NEPSE, and as of now, the company’s Last Traded Price (LTP) stands at Rs. 303.10.

  • SSHL Plans to Issue 100% Right Shares to Shareholders

    SSHL Plans to Issue 100% Right Shares to Shareholders


    Shiva Shree Hydropower Limited (SSHL) has made an important decision to issue 100% right shares to its shareholders in a 1:1 ratio, according to a recent board of directors’ meeting held on 14th Baisakh, 2080. This move will increase the company’s current paid-up capital from Rs. 1.47 Arba to Rs. 2.95 Arba.

    The primary objective of issuing the right shares is to pay back the bank debt. SSHL is preparing to issue rights after receiving approval from the Electricity Regulatory Commission and the subsequent Annual General Meeting. This is a significant development for SSHL, as it will not only help the company pay off its debts, but it will also increase its capital, giving it more financial flexibility to pursue future endeavors.

    The decision to issue right shares is a common practice among companies, and it allows them to raise capital by offering existing shareholders the right to purchase additional shares at a discounted price. This not only benefits the company but also the shareholders, as it enables them to increase their stake in the company at a lower cost.

    Overall, SSHL’s decision to issue 100% right shares is a positive move that will benefit both the company and its shareholders. The increased capital will give the company more financial flexibility to pursue its goals and pay off its debts, which is always a positive sign for any company.

  • Global IME Balanced Fund 1 and Mega Mutual Fund 1 Release Last Month’s NAV Report

    Global IME Balanced Fund 1 and Mega Mutual Fund 1 Release Last Month’s NAV Report


     

    The “Global IME Balanced Fund – 1 (GIBF1)” NAV report for Chaitra has been released.

    The “Global IME Balanced Fund – 1” is a closed-end fund with a 10-year maturity horizon. The fund size of Global IME Balanced Fund – 1 is Rs. 1.02 Arba.

     

  • Citizens Mutual Fund 1 Reports NAV and Net Profit Increase in Chaitra

    Citizens Mutual Fund 1 Reports NAV and Net Profit Increase in Chaitra


    Citizens Mutual Fund-1 (CMF1), a 7-year closed-end mutual fund scheme, has released its monthly report for Chaitra 2079.

    According to the report, a mutual fund’s Net Assets Value (NAV) fell slightly from Rs. 9.18 to Rs. 9.19. The program, which began with a sum of Rs. 82 crores, has invested Rs. 48.38 crores in listed company shares and Rs. 4.91 crores in non-listed company shares. This program invested Rs. 3 crores in fixed-income assets, Rs. 15.86 crores in debentures, and Rs. 3.4 crores in bank balance.