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  Wednesday, 03 Jul '24
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Market News

TODAY’S CSE news

2024-07-02: Credit Rating(Revised)

BRACBANK: Refer to their earlier news disseminated by CSE on 30.06.2024 regarding credit rating, Emerging Credit Rating Limited (ECRL) has resubmitted the credit rating as follows: Surveillance rating of the Company is "AAA" in the long term and "ST-1" in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023 and other relevant quantitative as well as qualitative information up to the date of rating.

2024-07-02: Today's Trade

CSE NEWS: Today's (02 July 2024) Total Trades: 2,143; Volume: 2,082,157 and Turnover: Tk. 135.67 million.

2024-07-02: Suspension for Record date

TB2Y0724: Trading of 02Y BGTB 06/07/2024 Government Securities will be suspended on record date i.e., 04.07.2024 and day before the record date i.e., 03.07.2024. The Government Securities will be delisted effective from 07.07.2024 due to completion of maturity.

2024-07-02: Suspension for Record date

TB2Y0725: Trading of 02Y BGTB 05/07/2025 Government Securities will be suspended on record date i.e., 04.07.2024 and day before the record date i.e., 03.07.2024. Trading of the Government Securities will resume on 07.07.2024.

2024-07-02: Record date for entitlement of coupon payment

TB5Y0128: Record date for entitlement of coupon payment of 05Y BGTB 11/01/2028 Government Securities is 10.07.2024.

2024-07-02: Cash Dividend Disbursement

CNATEX: The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.

2024-07-02: Credit Rating

ISLAMIBANK: Emerging Credit Rating Limited (ECRL) has affirmed surveillance credit rating of the company as ''AAA'' in the long term and ''ST-1'' in the short term along with a Stable outlook based on audited financial statements up to December 31, 2023, and other available information up to the date of the rating declaration.

2024-07-02: Cash Dividend Disbursement

NAVANACNG: The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.

2024-07-02: Cont-Un-audited Financial Statements

MONOSPOOL: (Quarter 3) (cont) Basic NAV per share was Tk. 42.21 (after merger) as on March 31, 2024 and Tk. 52.17 as on June 30, 2023.Diluted NAV per share was Tk. 42.21 (after merger) as on March 31, 2024 and Tk. 14.36 as on June 30, 2023. Reasons for deviation: EPS increased due to increase of Revenue and Net Profit after Tax. Deviation in Diluted Net Operating Cash Flow per share from Tk. (5.94) during July 01, 2022 to March 31, 2023 to Tk. 1.43 during July 01, 2023 to March 31, 2024 is because of no payment in advance to the suppliers against purchase of raw materials.(end)

2024-07-02: Un-audited Financial Statements

MONOSPOOL: (Quarter 3) As per un-audited financial statements of the Company, Basic EPS was Tk. 1.50 for January-March 2024 as against Tk. 1.65 for January-March 2023; Basic EPS was Tk. 2.71 for July 2023-March 2024 as against Tk. 4.79 for July 2022-March 2023. Diluted EPS was Tk. 1.50 for January-March 2024 as against Tk. 0.45 for January-March 2023; Diluted EPS was Tk. 2.71 for July 2023-March 2024 as against Tk. 1.32 for July 2022-March 2023. Basic NOCFPS was Tk. 5.18 for July 2023-March 2024 as against Tk. (21.57) for July 2022-March 2023. Diluted NOCFPS was Tk. 1.43 for July 2023-March 2024 as against Tk. (5.94) for July 2022-March 2023. (cont)

2024-07-02: Un-audited Financial Statements

PRAGATILIF: (Quarter 1 As per life revenue account of the company for January to March, 2024, excess of total expenses including claims over total income (deficit) was BDT 49.79 million as against excess of total income over total expenses including claims (surplus) of BDT 0.77 million in the corresponding previous period of 2023. Balance of Life Insurance Fund was BDT 6,283.74 million as on March 31, 2024 as against BDT 6,217.23 million as on March 31, 2023 resulting a net increase of BDT 66.51 million.

2024-07-02: Cont-Un-audited Financial Statements

PAPERPROC:(Quarter 3) (cont) Tk. 35.50 as on June 30, 2023.Diluted NAV per share was Tk. 72.33 (after merger) as on March 31, 2024 and Tk. 12.53 as on June 30, 2023. Reasons for deviation: EPS increased due to increase of Revenue and Net Profit after Tax. Deviation in Diluted Net Operating Cash Flow per share from Tk. (1.79) during July 01, 2022 to March 31, 2023 to Tk. (1.01) during July 01, 2023 to March 31, 2024 is because of making advance payment against purchase of scarce raw materials and more amount paid for increase of Gas and Electricity price and also increase of receivables during the 09 months' period ended on 31.03.2024. (end)

2024-07-02: Un-audited Financial Statements

PAPERPROC:(Quarter 3) As per un-audited financial statements of the Company, Basic EPS was Tk. 1.40 for January-March 2024 as against Tk. 1.25 for January-March 2023; Basic EPS was Tk. 2.26 for July 2023-March 2024 as against Tk. 3.04 for July 2022-March 2023. Diluted EPS was Tk. 1.40 for January-March 2024 as against Tk. 0.44 for January-March 2023; Diluted EPS was Tk. 2.26 for July 2023-March 2024 as against Tk. 1.07 for July 2022-March 2023. Basic NOCFPS was Tk. (2.85) for July 2023-March 2024 as against Tk. (5.08) for July 2022-March 2023. Diluted NOCFPS was Tk. (1.01) for July 2023-March 2024 as against Tk. (1.79) for July 2022-March 2023. Basic NAV per share was Tk. 72.33 (after merger) as on March 31, 2024 and (cont)

2024-07-02: Credit Rating

NFML: Credit Rating Information and Services Limited (CRISL) has assigned the company as ''BBB-'' in the long term along ''ST-4'' in the short term with a Stable outlook in consideration of its audited financials up to June 30, 2023; also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

2024-07-02: Credit Rating

PEOPLESINS: Credit Rating Information and Services Limited (CRISL) has assigned the company as ''AA+'' in the long term along with a Stable outlook in consideration of its audited financials up to December 31, 2023; also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

2024-07-02: Credit Rating

RELIANCINS: Credit Rating Information and Services Limited (CRISL) has assigned the company as ''AAA'' in the long term along with a Stable outlook in consideration of its audited financials up to December 31, 2023; also unaudited financials up to March 31, 2024 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

2024-07-02: Credit Rating

RNSPIN: Emerging Credit Rating Limited (ECRL) has affirmed surveillance credit rating of the company as ''B'' in the long term and ''ST-5'' in the short term along with a Stable outlook based on audited financial statements for FY2021 to FY2023, a 9-month unaudited financial statement ending on March 31,2024, and other available information up to the date of the rating declaration.

2024-07-02: Credit Rating

CONTININS: Alpha Credit Rating Limited (AlphaRating) has assigned the surveillance rating of the company as ''AA+'' in the long term and ''ST-1'' in the short term along with a stable outlook based on audited financial statement of the Company up to December 31, 2023 and relevant qualitative information till June 30, 2024.

2024-07-02: Un-audited Financial Statement

BIFC: (Quarter 3) As per un-audited financial statements of the Company, EPS was Tk. (1.07) for July-September, 2023 as against Tk. (1.70) for July-September, 2022; EPS was Tk. (3.44) for January-September, 2023 as against Tk. (5.08) for January-September, 2022. NOCFPS was Tk. (3.09) for January-September, 2023 as against Tk. (1.39) for January-September, 2022. NAV per share was Tk. (117.85) as on September 30, 2023 and Tk. (111.92) as on September 30, 2022.

2024-07-02: Un-audited HY A/Cs

BIFC: (Quarter 2) As per un-audited half yearly accounts of the Company, EPS was Tk. (0.90) for April-June 2023 as against Tk. (1.77) for April-June 2022; EPS was Tk. (2.37) for January-June 2023 as against Tk. (3.38) for January-June 2022. NOCFPS was Tk. (2.20) for January-June 2023 as against Tk. (0.59) for January-June 2022. NAV per share was Tk. (116.79) as on June 30, 2023 and Tk. (110.22) as on June 30, 2022.

2024-07-02: Un-audited Financial Statements

BIFC:(Quarter 1) As per un-audited financial statements of the Company, EPS was Tk. (1.47) for January-March, 2023 as against Tk. (1.61) for January-March, 2022; NOCFPS was Tk. (1.20) for January-March, 2023 as against Tk. 0.09 for January-March, 2022. NAV per share was Tk. (115.89) as on March 31, 2023 and Tk. (108.44) as on March 31, 2022.

2024-07-02: CB free

BIFC: Please note that there will be no price limit today 02.07.2024 on the trading of the shares of the Company following its corporate declaration.

2024-07-02: Recommendation of No Dividend

BIFC: The Board of Directors has recommended No Dividend for the year ended December 31, 2022. Date, Time and Venue of AGM: To be notified later. Record Date: 12.08.2024. The Company has also reported EPS of Tk. (7.58), NAV per share of Tk. (114.42) and NOCFPS of Tk. (2.11) for the year ended December 31, 2022 as against Tk. (9.78), Tk. (106.83) and Tk. (2.64) respectively for the year ended December 31, 2021.

2024-07-02: Un-audited Financial Statements

SUNLIFEINS: (Quarter 1) As per life revenue account of the company for January to March, 2024, excess of total expenses including claims over total income (deficit) was BDT 57.69 million as against excess of total expenses including claims over total income (deficit) of BDT 97.11 million in the corresponding previous period of 2023. Balance of Life Insurance Fund was BDT 515.49 million as on March 31, 2024 as against BDT 472.79 million as on March 31, 2023 resulting a net increase of BDT 42.70 million. NOCFPS was Tk. (0.51) for January-March 2024 as against Tk. (1.70) for January-March 2023.

2024-07-02: CB free

PRAGATILIF: Please note that there will be no price limit today 02.07.2024 on the trading of the shares of the Company following its corporate declaration.

2024-07-02: Recommendation of Dividend

PRAGATILIF: The Board of Directors has recommended 14% cash dividend for the year ended December 31, 2023. Date of AGM: 22.08.2024, Time: 12:30 PM, Venue: Digital Platform. Record Date: 23.07.2024.

2024-07-02: CB Free

SUNLIFEINS: Please note that there will be no price limit today 02.07.2024 on the trading of the shares of the Company following its corporate declaration.

2024-07-02: Recommendation of Dividend

SUNLIFEINS: The Board of Directors has recommended 0.5% cash dividend for the year ended December 31, 2023. Date of AGM: 20.08.2024, Time: 11:00 AM, Mode of AGM: Hybrid Platform. Venue: RAOWA Convention Hall, Mohakhali. Record Date: 23.07.2024. The Company has reported NOCFPS of Tk. 1.03 for the year ended December 31, 2023 as against Tk. (9.11) for the year ended December 31, 2022. NOCFPS has increased due to increase in gross premium.

2024-07-02: Un-audited Financial Statements

ISLAMICFIN: (Quarter 1) As per the un-audited financial statements of the Company, EPS was Tk. (1.62) for January-March 2024 as against Tk. 0.06 for January-March 2023. NOCFPS was Tk. (0.71) for January-March 2024 as against Tk. (1.83) for January-March 2023. NAV per share was Tk. 10.80 as on March 31, 2024 and Tk. 12.42 as on December 31, 2023.

2024-07-02: CB Free

ISLAMICFIN: Please note that there will be no price limit today 02.07.2024 on the trading of the shares of the Company following its corporate declaration.

2024-07-02: Recommendation of No Dividend

ISLAMICFIN: The Board of Directors has recommended No Dividend for the year ended December 31, 2023. Date of AGM: 22.08.2024, Time: 11:00 AM, System of holding AGM: Hybrid System. Venue: Will be notified through AGM notice. Record Date: 28.07.2024. The Company has also reported EPS of Tk. (1.64), NAV per share of Tk. 12.42 and NOCFPS of Tk. (0.38) for the year ended December 31, 2023 as against Tk. 0.30, Tk. 14.56 and Tk. (16.92) respectively for the year ended December 31, 2022.

2024-07-02: Cash Dividend Disbursement

ORIONINFU: The Company has informed that it has disbursed the Cash Dividend for the year ended June 30, 2023 to the respective shareholders.

2024-07-02: Change of Close Price

RECKITTBEN: Please note that the close price of the shares of RECKITTBEN has been reset at current market price prevailing in other exchange's Market. New close price of RECKITTBEN =Tk. 4600.00.

2024-07-02: Spot Trade Continuing Today (02.07.2024)

SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares/units of APSCLBOND, MONOSPOOL & PAPERPROC.

2024-07-02: Investor Awareness

BSEC's Message (Repeat): 1) It is not wise to invest in the capital market without having proper information, detailed knowledge and experience regarding different aspects and nitty-gritty of the capital market. 2) It is to be kept in mind that the profit or loss whatever you make from investment belongs to you only. Therefore, prudent investment decision based on knowledge and fundamentals can be your real assistance. 3) Don't pay heed to rumors at the time of buying and selling of shares. Buying and selling shares based on rumor can be harmful. Even spreading of rumor is legally prohibited. (BSEC vide its letter no. SEC/SRMIC/2010/726 dated 23 November 2010).

2024-07-02: Continue- Important news

BSEC (continue) (Repeat): In this situation, in the greater and long term interest of the growing capital market and investors, all related to Stock Exchange and market intermediaries i.e. stock broker/dealer, asset manager, merchant banker, issuer company including their officials are requested to abstain from giving opinion/comment on investment which may create enthusiasm or confusion among the investors. (end)

2024-07-02: Important news

BSEC (Repeat): It is observed that in the context of the present condition of the capital market, many small and new investors are involved which is undoubtedly encouraging. But it is a matter of concern that a portion of these investors without having proper, timely and detail knowledge and reviewing/analyzing the information of the different aspects of the capital market are being attracted in investing on the basis of rumor, hearsay and different comments from different quarters, which may make their hard earned capital risky, as a result, it will not only hamper the confidence of these investors but may also create hindrance of the continuity and firm growth of the capital market. (continue)

2024-07-02: CSE NEWS

Message: All investors are requested to make their investment decision on the basis of the financial strength of the companies not on the basis of rumor.

CSE News