Stock Market News(2065/11/14)

• NMB Bank started to distribute 10% bonus share from 2065/11/14.
• Navadurga Finance has published 12th AGM notice; Date:2065/12/7, Book Close:20-65/11/24, Place: Office headquarter, Etache, Bhaktapur, Time: 1pm, Agenda: Annual report, 1:1.2 right share, Amendment of memorandum of article.
• Lalitpur Finance started to distribute 50% bonus share from 2065/11/15.
• Everest Finance has published 6thAGM notice; Date: 2065/12/8, Book Close: 2065/11/24, Place: Pawan maitripath, Rupandehi, Time: 8am, Agenda: Annual report, Amendment of memorandum of article.
• Nepse has decreased by 8.18 points on 2065/11/13 as compared to previous day.

Stock Market News(2065/11/13)

Malika Bikas Bank announced to distribute 20 % bonus share from 2064/65 profit`s.
Nepal Housing and Merchant Finance started to distribute 30% bonus share certificate from2065/11/13.
Annapurna Finance started to distribute 30 % bonus certificate share from 2064/11/14.

Stock Market News(2065/11/11)

• Nepal Life Insurance Corporation published AGM notice, Date: 2065/12/3, Book Close: 2065/11/18, place: Rastriya Sabhagriha, Ktm, Time: 9am, Agenda:Annual report.
• Api Finance issue 180,000 units ordinary share from 2065/11/15. Its issue manger is NIDC Capitals Market.
• Kasthmandup Development Bank published AGM notice, Date: 2065/12/6, Place: Hotel, Himalayan, Lalitpur, Time: 4pm, Agenda : Annual report, Directors election.

Stock market news (2065/11/10)

• SRCS organized a discussion program at SRCS training hall on Friday with newly appointed GM of Citizen Investment Trust.


• Himchuli Bikash Bank started to distribute Bonus share certificate from 2065/11/11 from NIDC capital market Ltd


• Merchant Finance listed its 500000 shares in Nepal Stock Exchange Ltd on 2065/11/9.


• Clean Energy Development Bank listed its 3200000 shares in Nepal Stock Exchange Ltd on 2065/11/8.


• Tribeni Bikash Bank Ltd listed its 500000 shares in Nepal Stock Exchange Ltd on 2065/11/8.


• Ace Development Bank Ltd listed its 432432 units bonus shares in Nepal Stock Exchange Ltd on 2065/11/5.


• IME finance closed its 1:1 right shares from 2065/11/4.


• NRB listed 20000000 development bonds in Nepal Stock Exchange.


• NB insurance published AGM notice: date:2065/12/3, Book close: 2065/11/16, Place: Russian cultural center, kamal pokhari, time: 11 am, Agenda: annual report, 2:1 right share, Directors' election.


• National Life Insurance closed its book for 1:1 right share on 2065/11/16.

Stock Market News(2065/11/7)

• Sana Kisan Bikas Bank published AGM notice, Date:2065/11/30, Place: Bode, Bhaktapur, Time:10am, Agenda: Annual report, Amendment of memorandum of article.

Global Bank published AGM notice, Date:2065/11/29, Book Close:2065/11/15, Place:Birjung, Parsa, Time:10 am, Agenda: Annual report, Amendment of memorandum of article.

Stock Market News (2065/11/6)

• Nepal Lube Oil published AGM notice, Date:2065/11/30, Book Close: 2065/11/13, Place: Pokharagrand Hotel, Pokhara, Time: 12pm, Agenda: Annual report, 15% cash dividend.
• National Hydro power distributed 1:1 right share on 2065/10/26.
• Corporate Development Bank published AGM notice, Date: 2065/11/25, Place:Adarshanagar, Birjung, Time: 11:30 am, Agenda: Annual report, Amendment of memorandum of article.
• Swabalambhan Bikas Bank distributed 1:1.4 right share on 2065/11/2.
• IME Financial Institution closes its right share issue from 2065/11/4.

15 Points to Look for in a Common Stock

• Does the company have products or services with sufficient market potential to make possible a sizeable increase in sales for at least several years?
• Does the management have a determination to continue to develop products or processes that will still further increase total sales potentials when the growth potentials of currently attractive product lines have largely been exploited?
• How effective are the company's research and development efforts in relation to its size?
• Does the company have an above-average sales organization?
• Does the company have a worthwhile profit margin?
• What is the company doing to maintain or improve profit margins?
• Does the company have outstanding labor and personnel relations?
• Does the company have outstanding executive relations?
• Does the company have depth to its management?
• How good are the company's cost analysis and accounting controls?
• Are there other aspects of the business, somewhat peculiar to the industry involved, which will give the investor important clues as to how outstanding the company will be in relation to its competition?
• Does the company have a short-range or long-range outlook in regard to profits?
• In the foreseeable future, will the growth of the company require sufficient equity financing so that the larger number of shares then outstanding will largely cancel the existing stockholders' benefit from this anticipated growth?
• Does the management talk freely to investors about its affairs when things are going well but "clam up" when troubles or disappointments occur?
• Does the company have a management of unquestionable integrity?

Participate in stock market training

Where is the stock market headed?

Stock Market Training

Stock Market Training
SRCS is going to start a new training group from coming Monday, 5th Falgun 2065 (16th February 2009).
Time: 1 to 3 pm
Duration: 7 days
Materials: one stock market book free
Fee: Rs2000
Qualification: no required
Trainer: Rabindra Bhattarai
Contact: 4251880, 016223072, 2003481

Stock Market News (2065/10/29)

• Nepse has decreased by 3.67 points on 2065/10/28 as compared to previous day.
• United Finance started to distribute 10% bonus share certificate from 2065/10/29.
• Siddhartha Development Bank has been allowed for 1:5 right share issue by Securities Board of Nepal .

Stock Market News(2065/10/28))

• Securities Board of Nepal provide license to Nepal Finance and Citizen Investment Fund for working as share registration and issue manager .
• Nepse has decreased by 2.89 points on 2065/10/27 as compared to previous day.
• Araniko Development Bank starts to issue 1:2.8 right share from 2065/11/16.

Stock Market News (2065/10/27)

• Bhaju Ratna Finance and Saving published AGM notice, Date:2065/11/18, Book Close: 2065/11/15, Place: Hotel Makalu, Birjung, Time:11am, Agenda:Annual report, Amendment of memorandum of article.
• Nepse has increased by 13.31points on 2065/10/26 as compared to previous day.

Stock Market News (2065/10/23 to 26))

• Gaidakot Development Bank published AGM notice, Date: 2065/11/17, Place: Hoteleyeland, Bharatpur, Time: 10am, Agenda: Annual report, Amendment of memorandum of article.
• Yakanyati Hotel published AGM notice, Date: 2065/11/19, Book Close: 2065/10/26, Place: Company Register Office, Laldarbar, Darbarmarg, Aggenda: Annual report, Amendment of memorandum of article.
• Bageshwori Development Bank closes its 2:1 right share issue from 2065/10/26.
• Bank Of Asia started to issue 30 lakhs kitta public share from 2065/10/27.
• Citizen International Bank started to issue 30 lakhs kitta public share from 2065/10/26.

How transparent are our financial institutions

Study reveals a yawning gap in profit and loss ratio in the non-audited and audited reports:
Going by the popular perception, financial institutions dominate the domestic secondary market because they are considered more transparent than any other.That’s precisely why investors swear by them. However, not before checking the non-audited reports of the institutions, as they are published ahead of the annual general meetings.But that’s where the cookie crumbles. There is a huge difference between non-audited reports as opposed to theaudited ones, which are usually published after almostsix months.For instance, there is a significant 33.49 per cent gap in the non-audited and audited accounts of a bank, as evident in the fourth quarterly report of fiscal year 2007-08. The anomaly lies in the net profit.“As per the non-audited report, the bank in question posted a profit of Rs 1,27.824 million. But, the audited document reveals that it has raked only Rs 85.016 million in profit during the year. The difference is a staggering 33.49 per cent,” stated a recent report, compiled by Securities Research Centre and Services (SRCS).Radhesh Pant, president, Nepal Bankers’ Association (NBA), attributed the deviation to the fundamentals of loan-loss provision.“At times, a bank may think that loan is either good or entails a medium risk. But, Nepal Rashtra Bank, the regulatory authority, may think otherwise. That leads to the gaping holes in the profit sheet,” reasoned Pant.Of the 25 commercial banks, the SRCS has compared the non-audited and audited reports of 19 commercial banks.According to the NRB’s directives, all financial institutions — commercial banks, development banks, finance companies and others — are obliged to publish their non-audited balance sheet immediately after the end of the fiscal. The move aims to maintain transparency in the financial sector, which, in turn, boosts investors’ confidence.Buoyed by the data, an investor decides to buy or sale shares of the institution since the audited report takes a far longer time to be made public.Commercial banks — the secondary market propeller — follow NRB’s directives,albeit, notionally. Usually,the cat is out of the bag bythe end of fourth quarter and audited report.Consider this: A report suggests that one of the commercial banks, which is preparing to float Initial Public Offer (IPO), has posted loss in its non-audited report. But, the audited one, the quantum of loss has multiplied manifold.“The bank has shown a loss of Rs 135.72 million in itsnon-audited report. But in the audited one, the loss has climbed up to a whoppingRs 272.08 million. The variation stood at 100.47 per cent,” added the report.All, however, are not guilty of cooking the book.Reputed ones like Standard Chartered Bank Nepal, Everest Bank and Citizens Bank International have a nominal difference in their non-audited and audited reports. In fact, records reveal that their net profit has increased and gone up in the audited report.Standard Chartered Bank Nepal’s net profit rose by Rs 45.52 million. Similarly, Everest Bank’s net profit increased by Rs 10.95 million.
Kuber Chalise (THT)

Stock Market News (2065/10/21)

Nepal Bikas Bank started to issue 1:1 right share from 2065/11/8.
Nepse has decreased by 20.32 points on 2065/10/20 as compared to previous day.

Stock market news (2065/10/20)

• Butwal finance started to distribute 18.75% bonus share certificate from 2065/10/20.
• Samjhana Finance started to issue 1:1.25 right share from 2065/10/20.
• Unique Financial Institution starts to issue 1:1 right share.
• Nepal Rastrya Bank suspended to distribute 25% bonus share for Nepal SBI Bank.
• Life Insurance Corporation (LIC) announced to distribute 15 % bonus share .
• Nepse has decreased by 20.32 points on 2065/10/19 as compared to previous day.

Stock Market News(2065/10/17 to 19))

• Nepal Investment Bank start to issue 2:1 right share from 2065/11/6.
  Kaski Finance published AGM notice, Date:2065/11/10, Book Close:2065/10/24, Place: Hotel Fewa Prince, Pokhara, Time:9am, Agenda:Annual report, 1:2 right share, Amendment of memorandum of article.
  People`s Finance closes its right shares issue on 2065/10/17.
  Pokhara Finance extended right share issue to 2065/11/2.
  Nepal Bikas Bank book closes for 1:1 right share issue on 2065/10/28.

Stock Market News (2065/10/14)

• Nepse has increased by 29.17 points on 2065/10/13 as compared to previous day.
• Nepal Life insurance announced to distribute 4:1 right share.

Stock Market News (2065/10/13)

• Birjung Finance started to distribute 17.5 % bonus share certificate from 2065/10/17.
• Diyalo Bikas Bank published AGM notice, Date:2065/11/10, Place:Club Himalayan, Nagarkot, Time:10am, Agenda:Annual report, Amendment of memorandum of article.
• Far Western Development published AGM notice, Date:2065/11/10, Place:Central office, Dhangadi, Time:8am, Agenda: Annual report.
• Pashupati Development Bank started to distribute share certificate from 2065/10/13.
• Guyeshwori Merchant Banking and Finance distribute certificate of 10% bonus share of 2062/63 and 12 % bonus share of 2063/64.
• Nepse has increased by 6.69 points on 2065/10/12 as compared to previous day.