SRCS congratulates our Student Dr Sunil Babu Shrestha for the appointment of the member of National Planning Commission and wishes for the success of his tenure.
Friday, November 7, 2008
Album inaguration
SRCS sheduled to inaugurate the historic album Share Dohori and invites all the investors and prospective investors in the program.
Date: 2065/7/25 (2008/11/10)
Venue: United World Trade Center (Tripuswor)
Time: 11.45 am
Further more: contact srcs 4251880
Date: 2065/7/25 (2008/11/10)
Venue: United World Trade Center (Tripuswor)
Time: 11.45 am
Further more: contact srcs 4251880
Thursday, November 6, 2008
Todays Market News
- NIBL's profit up by 61 percent in the first quarter of the current fiscal year over the same quarter last year.
- EBL's operating profit increases by 36 percent in the current year over the corrosponding quarter last year.
- Goodwill's AGM: Date: 2065-7-29, Time: 11am, Place: Hotel Radission Lajimpat, Agenda: 10% bonus share and 1:1.5 right share
- ACE Development Bank Started trading on Gold Exchange Traded Fund (ETF), Trading time: 11.30 am to 3pm.
- Pashupati Development Bank's allotment postponed (see detail Naya patrika)
Tuesday, November 4, 2008
Stock Market Training
SRCS is going to start new training group.
Type of training: Basic
Starting date: 2065-07-21 (2008-11-6)
Time: 7 to 9 am
Duration: 7 days
Type of training: Avanced
Time: 11am to 12:30 pm
Starting date: 2065-07-21 (2008-11-6)
Duration: 15days
Instructor: Rabindra Bhattarai(Stock Market Analyst)
Venue: SRCS Training Hall, Putalisadak, Kathmandu, Nepal
Type of training: Basic
Starting date: 2065-07-21 (2008-11-6)
Time: 7 to 9 am
Duration: 7 days
Type of training: Avanced
Time: 11am to 12:30 pm
Starting date: 2065-07-21 (2008-11-6)
Duration: 15days
Instructor: Rabindra Bhattarai(Stock Market Analyst)
Venue: SRCS Training Hall, Putalisadak, Kathmandu, Nepal
Monday, November 3, 2008
NSML's profit increases by 39%
NSML's profit increases by 39% in the first quarter 2065 over the corresponding quarter last year.
Banks' profit increase
- Nepal Bangladesh Bank increases it's profit in the first quarter 2065 by 241% over the corresponding quarter last year.
- Sidhartha Bank profit increases by 55% in the first quarter 2065 over the corresponding quarter last year.
Nepal’s isolation is its defence
By Prateek Pradhan in Kathmandu
Published: November 3 2008 16:25 Last updated: November 3 2008 16:25
Stock markets around the world have been very volatile, with investors running for the hills. But high in the Himalayas, one small market holds its ground against the trend.
Nepal’s isolation is turning into its best defence.
South Asia’s poorest country has no international banks, no foreign investments in stocks, only basic financial rules and no direct connections to the international markets.
When falls in the US and European bourses pulled Asian equities down with them, Nepal’s market was largely unaffected.
The Nepse (Nepal Stock Exchange) index stands at 850 points, down a comparatively mild 28 per cent from the end of August when it hit 1175.
The stock market is partly protected from external forces by government rules that prevent non-citizens from investing
According to government data, as of 2007 there were only 1,336 companies with foreign direct investment, which together brought in $595m.
“There is no trace of multinationals in this country, so the imminent global recession won’t affect us,” Kalu Gurung, chairman of Road Show Real Estate, Nepal’s biggest property dealer, said.
Unlike many foreign peers, Nepalese companies have even been able to raise additional funds through share offerings in recent months.
Global Bank, a new commercial bank, launched an offering seeking $7.5m and attracted $1.2bn in subscriptions, and Clean Energy Bank found an eager market when it went public around the same time.
The succesful capital raisings bode well for the small country in between India and China that is trying to mend an economy hit by a decade-long and ultimately successful Maoist insurgency.
“We are not worried about the international situation. We are going to increase our total market capital from the current Rs200m ($2.5m) to Rs5bn in the next four years,” Nirmal Pradhan, chairman of the Rajdhani Investment Fund, said.
However, Nepal’s many overseas workers could bring the economic blues home with them.
“If Nepali labourers start losing jobs in Gulf countries, Korea and Malaysia, the effect will be seen in Nepal as well,” Rabindra Bhattarai, a share analyst, said.
Bankers are hopeful that Nepal’s economy will prosper in spite of the Maoist government because virtually no development work took place in the decade of insurgency.
“The continuous rise in the stock market and the boom in the housing industry seem to be the main investment instruments available in the Nepali market for the past couple of years,” Radhesh Pant, chief executive of Bank of Kathmandu and president of the Nepal Bankers’ Association, said.
His optimism is shared by Binod Chaudhary, one of Nepal’s leading business people.
“Investors are mainly into real estate and stocks, and now they are moving into hydropower and cement,” Mr Chaudhary said.
“So the future of Nepal is quite bright despite global gloom.”
Source:The Financial Times Limited 2008
Published: November 3 2008 16:25 Last updated: November 3 2008 16:25
Stock markets around the world have been very volatile, with investors running for the hills. But high in the Himalayas, one small market holds its ground against the trend.
Nepal’s isolation is turning into its best defence.
South Asia’s poorest country has no international banks, no foreign investments in stocks, only basic financial rules and no direct connections to the international markets.
When falls in the US and European bourses pulled Asian equities down with them, Nepal’s market was largely unaffected.
The Nepse (Nepal Stock Exchange) index stands at 850 points, down a comparatively mild 28 per cent from the end of August when it hit 1175.
The stock market is partly protected from external forces by government rules that prevent non-citizens from investing
According to government data, as of 2007 there were only 1,336 companies with foreign direct investment, which together brought in $595m.
“There is no trace of multinationals in this country, so the imminent global recession won’t affect us,” Kalu Gurung, chairman of Road Show Real Estate, Nepal’s biggest property dealer, said.
Unlike many foreign peers, Nepalese companies have even been able to raise additional funds through share offerings in recent months.
Global Bank, a new commercial bank, launched an offering seeking $7.5m and attracted $1.2bn in subscriptions, and Clean Energy Bank found an eager market when it went public around the same time.
The succesful capital raisings bode well for the small country in between India and China that is trying to mend an economy hit by a decade-long and ultimately successful Maoist insurgency.
“We are not worried about the international situation. We are going to increase our total market capital from the current Rs200m ($2.5m) to Rs5bn in the next four years,” Nirmal Pradhan, chairman of the Rajdhani Investment Fund, said.
However, Nepal’s many overseas workers could bring the economic blues home with them.
“If Nepali labourers start losing jobs in Gulf countries, Korea and Malaysia, the effect will be seen in Nepal as well,” Rabindra Bhattarai, a share analyst, said.
Bankers are hopeful that Nepal’s economy will prosper in spite of the Maoist government because virtually no development work took place in the decade of insurgency.
“The continuous rise in the stock market and the boom in the housing industry seem to be the main investment instruments available in the Nepali market for the past couple of years,” Radhesh Pant, chief executive of Bank of Kathmandu and president of the Nepal Bankers’ Association, said.
His optimism is shared by Binod Chaudhary, one of Nepal’s leading business people.
“Investors are mainly into real estate and stocks, and now they are moving into hydropower and cement,” Mr Chaudhary said.
“So the future of Nepal is quite bright despite global gloom.”
Source:The Financial Times Limited 2008
Sunday, November 2, 2008
Today's Stock Market News
- NEPSE index plunged by 28.7 points on 2065-07-17
- Nabil's profit increases by 38.8 percent in the first quarter over the same period in the previous year.
- NB Bank declares book close on 2065-08-06 for 1:1.5 right share.
- Agriculture Development Bank invites tender to the issue manager to issue 96 lakhs units shares in public.
- ILFC starts to distribute right share certificate from Monday 2065-07-18. Its issue manager is NIDC Capital Markets Ltd.
- Siddhartha Bank Ltd. closes debenture issue after banking hour from today 2065-07-18.
- Laxmi Bank's 8.5% debenture still open till 2065-07-25.
- Nepal Housing and Merchant Finance Ltd. allotted 1:1 right share on 2065-07-10. Its issue manager is Ace Development Bank Ltd.
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