Tag: Valley

  • Hathway Investment Nepal (HATHY): A Phenomenal 1880% Gain for IPO Allottees in Just 47 Trading Days

    Hathway Investment Nepal (HATHY): A Phenomenal 1880% Gain for IPO Allottees in Just 47 Trading Days


    Hathway Investment Nepal Limited (HATHY) has surpassed expectations since its Initial Public Offering (IPO), making it a standout performer in the market. Established in 2009, Hathway is recognized as Nepal’s pioneering private-equity investment firm, dedicated to impactful investing. The company initiated its public market journey with an IPO priced at Rs. 50 per share, which received significant public attention, issuing a total of 24,27,750 unit shares. Listed on October 10, 2023, with an opening range set by the Nepal Stock Exchange (NEPSE) at Rs. 95.09 to Rs. 285.27, HATHY’s stock opened impressively at Rs. 285.20 on October 11.

    Hathway has exceeded market expectations, and as of January 4, 2024, the stock’s current market price stands at an impressive Rs. 990, including a 10% bonus share adjustment. This marks a substantial increase from the IPO price of Rs. 50 per share. The company has experienced a remarkable gain of Rs. 704.80 or 247.12% from the opening price of Rs. 285.20 in the last forty-seven trading days. Investors allotted shares during the IPO have witnessed a phenomenal gain of 1880% during this period, with a total turnover of Rs. 2.86 Arba and 95,777 transactions.

    In its first quarterly report, Hathway reported a net profit of around Rs. 1.58 Crores, with an Annualized Earnings Per Share (EPS) of Rs. 2.70 and a Net Worth Per Share of Rs. 80.24. The company’s investments in securities and properties total Rs. 2.06 Arba and Rs. 18.51 Crores, respectively.

    HATHY has proposed a dividend of 10.526%, comprising 10% bonus shares and 0.526% cash dividends, based on the company’s paid-up capital of Rs. 1.17 Arba for the fiscal year 2079/80. The book closure for this dividend closed on December 28, 2023.

    The closing price of Hathway on December 27 was Rs. 796.50, and after factoring in the adjustment for the 10% bonus shares, the revised price stood at Rs. 724.09. Post-adjustment, with a total of 25,740,000 units of shares, Hathway’s market capitalization presently stands at an impressive Rs. 25.48 Arba.

  • Narayani Development Bank (NABBC) Granted SEBON Approval for Rs. 26.24 Crores Rights Offering

    Narayani Development Bank (NABBC) Granted SEBON Approval for Rs. 26.24 Crores Rights Offering


    The Securities Board of Nepal (SEBON) has granted approval to Narayani Development Bank Limited’s (NABBC) rights offering proposal on Poush 19, 2080. The bank is set to issue 100% right shares with a total value of Rs. 26.24 Crores, distributing 26,24,676 units (1:1) of right shares among its existing shareholders. Currently holding a paid-up capital of Rs. 26.24 crore, the company’s capital will witness an increment to Rs. 52.4 Crores after the adjustment for the proposed right shares. The responsibility of managing the issue has been entrusted to Global IME Capital Limited, with the application initially submitted to the board on Bhadra 9, 2079. As of the latest update, NABBC’s closing stock price stands at Rs. 396.10.

  • Nepal Stock Exchange Daily Report: Index Sees Decline, Market Highlights, and Sector Analysis

    Nepal Stock Exchange Daily Report: Index Sees Decline, Market Highlights, and Sector Analysis


    The Nepal Stock Exchange (NEPSE) Index recorded a decline of 26.36 points, equivalent to 1.28%, from the previous day’s closing, concluding at 2,022.92 points. The index had experienced a loss of 8.71 points in the preceding trading session.

    The market commenced today’s trading with the index opening at 2049.9. Throughout the day, it reached an intraday low of 2,019.77 and a high of 2,056.49.

    During the day’s trading activities, there were 304 different stocks involved in 98,632 transactions. The total volume of shares traded amounted to 15,268,399, resulting in a total turnover of Rs. 5.24 Arba. The market capitalization stood at Rs. 31.43 Kharba, with a float market capitalization of Rs. 10.87 Kharba.

    Sonapur Minerals And Oil Limited (SONA) dominated the market with the highest turnover, reaching Rs. 28.00 crores, and closed at a market price of Rs. 498.80.

    On a positive note, three companies experienced an upward trend, hitting the positive circuit for the day. However, Manushi Laghubitta Bittiya Sanstha Limited (MLBS) faced the highest loss of 6.69%.

    In terms of sector indices, all sectors closed in the red, except for the “Hydropower Index,” which saw the highest gain of 1.03%. Conversely, the “Life Insurance Index” witnessed a loss of 2.40%.

  • The Nepal Stock Exchange (NEPSE) Index recorded a decrease of 8.71 points, equivalent to 0.42%, from the previous day’s closing, settling at 2,049.28 points. In contrast, the trading session prior to this reported a gain of 27.90 points for the index. The market opened today with the index starting at 2058.57, reaching an intraday low of 2,046.05, and hitting an intraday high of 2,072.08. Throughout today’s trading activities, a total of 303 different stocks were traded in 108,403 transactions. The traded shares amounted to 16,052,101, generating a total turnover of Rs. 5.58 Arba. The market capitalization was reported at Rs. 31.83 Kharba, with a float market capitalization of Rs. 11.00 Kharba. Sonapur Minerals And Oil Limited (SONA) emerged with the highest turnover, reaching Rs. 33.45 crores, and closed at a market price of Rs. 508. Among today’s notable performers, Kalika Power Company Ltd (KPCL) and Singati Hydro Energy Limited (SHEL) experienced the highest gains, both at 10%. Following closely were Nepal Warehousing Company Limited (NWCL) at 9.99% and Muktinath Krishi Company Limited (MKCL) at 9.98%. Conversely, Siddhartha Premier Insurance Limited (SPIL) faced the highest loss of 6.56%. Regarding sector indices, only four sectors closed positively today. The “Trading Index” saw the most significant gain of 2.34%, while the “Others Index” experienced a loss of 3.70%.

    The Nepal Stock Exchange (NEPSE) Index recorded a decrease of 8.71 points, equivalent to 0.42%, from the previous day’s closing, settling at 2,049.28 points. In contrast, the trading session prior to this reported a gain of 27.90 points for the index. The market opened today with the index starting at 2058.57, reaching an intraday low of 2,046.05, and hitting an intraday high of 2,072.08. Throughout today’s trading activities, a total of 303 different stocks were traded in 108,403 transactions. The traded shares amounted to 16,052,101, generating a total turnover of Rs. 5.58 Arba. The market capitalization was reported at Rs. 31.83 Kharba, with a float market capitalization of Rs. 11.00 Kharba. Sonapur Minerals And Oil Limited (SONA) emerged with the highest turnover, reaching Rs. 33.45 crores, and closed at a market price of Rs. 508. Among today’s notable performers, Kalika Power Company Ltd (KPCL) and Singati Hydro Energy Limited (SHEL) experienced the highest gains, both at 10%. Following closely were Nepal Warehousing Company Limited (NWCL) at 9.99% and Muktinath Krishi Company Limited (MKCL) at 9.98%. Conversely, Siddhartha Premier Insurance Limited (SPIL) faced the highest loss of 6.56%. Regarding sector indices, only four sectors closed positively today. The “Trading Index” saw the most significant gain of 2.34%, while the “Others Index” experienced a loss of 3.70%.


    The Nepal Stock Exchange (NEPSE) Index recorded a decrease of 8.71 points, equivalent to 0.42%, from the previous day’s closing, settling at 2,049.28 points. In contrast, the trading session prior to this reported a gain of 27.90 points for the index.

    The market opened today with the index starting at 2058.57, reaching an intraday low of 2,046.05, and hitting an intraday high of 2,072.08.

    Throughout today’s trading activities, a total of 303 different stocks were traded in 108,403 transactions. The traded shares amounted to 16,052,101, generating a total turnover of Rs. 5.58 Arba. The market capitalization was reported at Rs. 31.83 Kharba, with a float market capitalization of Rs. 11.00 Kharba.

    Sonapur Minerals And Oil Limited (SONA) emerged with the highest turnover, reaching Rs. 33.45 crores, and closed at a market price of Rs. 508.

    Among today’s notable performers, Kalika Power Company Ltd (KPCL) and Singati Hydro Energy Limited (SHEL) experienced the highest gains, both at 10%. Following closely were Nepal Warehousing Company Limited (NWCL) at 9.99% and Muktinath Krishi Company Limited (MKCL) at 9.98%.

    Conversely, Siddhartha Premier Insurance Limited (SPIL) faced the highest loss of 6.56%.

    Regarding sector indices, only four sectors closed positively today. The “Trading Index” saw the most significant gain of 2.34%, while the “Others Index” experienced a loss of 3.70%.

  • Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans

    Madhesh Province’s Financial Sector Witnesses Robust Growth: 13.25% Surge in Deposits and 4.68% Rise in Loans


    The financial sector in Madhesh province is undergoing a notable expansion, as evidenced by the annual report on regional economic activity presented by the Nepal Rastra Bank for the fiscal year 2079/80. The report discloses a substantial 13.25% surge in total deposits and a 4.68% increase in loans, reflecting a positive trend in the banking landscape.

    According to the report, banks and financial institutions in Madhesh province have witnessed a significant rise in total deposits, reaching Rs. 2 kharba 96 arba 50 crore. This marks a noteworthy increase of 13.25% compared to the previous fiscal year. In contrast, the corresponding period in the preceding year saw a 5.35% growth, amounting to Rs. 2 kharba 61 arba 81 crore.

    The fiscal year’s review also indicates a 4.68% growth in loans extended by banks and financial institutions in Madhesh province, totaling Rs. 4 kharba 50 arba 21 crores. Although this represents a positive trajectory, the growth in loans during the same period of the previous year was more substantial at 16.70%, totaling Rs. 4 kharba, 30 arba, and 9 crore.

    Furthermore, the report highlights an increase in the total number of branches of banks and financial institutions, including microfinance entities, licensed by Nepal Rastra Bank in Madhesh Province. The current count stands at 1,745 branches during the year under review, reflecting growth from the 1,607 branches that were operational in the province during the corresponding period in the previous year.

  • Citizen Life Insurance Company Prepares for 7th AGM, Proposing a 5.2632% Dividend for FY 2079/80

    Citizen Life Insurance Company Prepares for 7th AGM, Proposing a 5.2632% Dividend for FY 2079/80


    Citizen Life Insurance Company Limited (CLI) has scheduled its 7th Annual General Meeting (AGM) for the 14th of Magh, 2080. The venue for the meeting is Amrapali Banquet, Naxal, Kathmandu, and it is set to commence at 11 AM on that day.

    One of the key agendas for the AGM is the endorsement of a 5.2632% dividend for the fiscal year 2079/80. This proposal comes from the 97th board of directors meeting held on Poush 16. The suggested dividend includes 5% bonus shares and a 0.2632% cash dividend, amounting to Rs. 18.75 crores and Rs. 98.68 lakhs, respectively. The company’s existing paid-up capital stands at Rs. 3.75 Arba.

    Additionally, the AGM will address other important matters, including the approval of the auditor’s report with profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 and the election of 2 directors from the public shareholding group are also on the agenda.

    The book closure date for entitlement to the dividend payout and attendance at the AGM is set for Poush 29. Shareholders who maintain their status before this date are eligible for the dividend.

  • Seize Your Share: Final Day for Dividends from SIFC, BNT, and MH

    Seize Your Share: Final Day for Dividends from SIFC, BNT, and MH


    Today marks the final opportunity for shareholders to seize the proposed 5.05% cash dividend declared by Shree Investment Finance Company Limited (SIFC). The company’s 29th Annual General Meeting (AGM) is scheduled for the 29th of Poush, 2080, at the office of the company registrar in Dillibazar, Kathmandu, beginning at 10 am. The decision to distribute the dividend, amounting to Rs. 4.95 crores, was made during the 336th meeting of the board of directors on Mangsir 26, derived from the paid-up capital of Rs. 98.16 crores. Shareholders registered before the book closure date of Poush 20 are eligible for the dividend and can participate in the AGM.

    Similarly, shareholders have until today to avail themselves of the 60% cash dividend proposed by Bottlers Nepal Terai Limited (BNT). The company has called its 37th AGM on the 27th of Poush, 2080, at Soaltee Hotel, Tahachal, Kathmandu, commencing at noon. A cash dividend of Rs. 60 per share has been suggested for the fiscal year 2079/80. Shareholders maintaining their status till Poush 19 can attend the AGM and qualify for the dividend payout.

    Furthermore, today is the last day for investors to secure the dividend proposed by Mandakini Hydropower Limited (MHL). The company’s 10th AGM is scheduled for Poush 29, 2080, at Foodland and Banquet, Battisputali, Kathmandu, starting at 10 AM. The board of directors, in a meeting on the 29th of Mangsir 2080, proposed a 5% dividend from the profit earned after FY 2079/80. The paid-up capital stands at Rs. 58.8 Crores, with a suggestion of 4.75% bonus shares and 0.25% cash dividend (including tax). The book closure for both the proposed dividend and AGM is on the 20th of Poush, 2080. Therefore, shareholders maintaining their status until the 19th of Poush are entitled to the dividend payout and can participate in the AGM.

  • Singati Hydro Energy Limited Announces 100% Right Share Issue: Last Trading Day for Eligibility Approaches

    Singati Hydro Energy Limited Announces 100% Right Share Issue: Last Trading Day for Eligibility Approaches


    Today marks the final trading day on the Nepal Stock Exchange (NEPSE) for investors to qualify for the entitlement of right shares from Singati Hydro Energy Limited (SHEL).

    Singati Hydro Energy Limited plans to issue 100% right shares valued at Rs. 1.45 Arba by offering 14,500,000 (1:1) units of right shares to its existing shareholders. Currently holding a paid-up capital of Rs. 1.45 Arba, the company anticipates a doubled paid-up capital of Rs. 2.90 Arba after the adjustment of the proposed right shares, each valued at 1.45 crore units.

    The lock-in period for SHEL is set to conclude on April 9, 2024. Following this, the reserved shares allocated to project-affected individuals, employees, and promoters will be released and become tradable on the secondary market.

    Muktinath Capital Limited has been appointed as the issue manager for this right share offering.

    Poush 22 has been specified as the book closure date. Therefore, investors who maintain their holdings until that day will be eligible to apply for the right shares.

     

  • Gold Prices Dip: Rs. 1,300 Drop per Tola, Silver Also Witnesses Decline

    Gold Prices Dip: Rs. 1,300 Drop per Tola, Silver Also Witnesses Decline


    Today witnessed a drop in the value of fine gold, with a decrease of Rs. 1,300 per tola. According to the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the current trading rate for fine gold is Rs. 1,19,500 per tola. This marks a decline of Rs. 1,300 from the previous day’s trading price, which stood at Rs. 1,20,800 per tola.

    Similarly, Tejabi gold is now available at Rs. 1,18,950 per tola, indicating a decrease of Rs. 1,250 from the Wednesday price of Rs. 1,20,200 per tola. In addition to gold, silver has also seen a reduction in value, with the current market rate at Rs. 1,420 per tola. This compares to the closing rate of Rs. 1,450 per tola recorded the day before.

  • NEPSE Index Reports 1.45% Loss: Market Recap and Top Performers

    NEPSE Index Reports 1.45% Loss: Market Recap and Top Performers


    The Nepal Stock Exchange (NEPSE) Index concluded with a loss of 30.05 points, equivalent to 1.45%, compared to the previous day’s closing, settling at 2,030.10 points. In the preceding trading session, the index had experienced a loss of 8.75 points.

    Today’s market activity began with the index opening at 2,060.47. Throughout the day, it fluctuated, reaching an intraday low of 2,024.14 and achieving an intraday high of 2,061.92.

    During the day’s trading, a total of 305 different stocks were traded in 85,435 transactions. The volume of shares exchanged amounted to 11,185,712, with a cumulative turnover of Rs. 4.04 Arba. The market capitalization was recorded at Rs. 31.53 Kharba, with a float market capitalization of Rs. 10.89 Kharba.

    SHIVAM CEMENTS LTD (SHIVM) stood out with the highest turnover, reaching Rs. 16.11 crores, closing at a market price of Rs. 575.

    In terms of gains, Chirkhwa Hydropower Limited (CKHL) led with a 10% increase, followed by Muktinath Krishi Company Limited (MKCL) at 9.98% and Nepal Warehousing Company Limited (NWCL) at 9.97%.

    On the downside, Himalayan Hydropower Limited (HHL) experienced the most significant loss of 10%.

    In the sector indices, all sectors closed in the red. The “Hotels And Tourism Index” witnessed the highest loss at 3.21%, while the “Investment Index” incurred the least loss at 0.19%.

  • Auction Alert: Multipurpose Finance Company Limited Promoters Initiate Share Auction for Eligible Shareholders

    Auction Alert: Multipurpose Finance Company Limited Promoters Initiate Share Auction for Eligible Shareholders


    Bijaya Kumar Thakur and Dhirendra Thakur, the current promoters of Multipurpose Finance Company Limited (MPFL), have commenced the auction of their respective promoter shares. Bijaya Kumar Thakur is offering 26,000 units, while Dhirendra Thakur is putting up 30,000 units for auction. This auction, which began on the 18th of Poush, 2080, is exclusively open to existing promoter shareholders.

    A total of 56,000 units of promoter shares are available for auction, and only shareholders meeting the eligibility criteria are encouraged to participate. The auction period spans 15 days from the publication date of this notice, providing existing promoter shareholders with a window to bid for these shares.

    As of the latest information, the Last Traded Price (LTP) for MPFL currently stands at Rs. 320. Simultaneously, another financial instrument associated with Multipurpose Finance Company Limited, MPFLPO, holds an LTP of Rs. 150.00, as recorded on December 5th, 2023. These details serve as additional context for potential investors considering participation in the ongoing auction of promoter shares, adding pertinent information to aid their decision-making process.