15th August, Wednesday. Vol-2.

Issue-184 MORNING QUOTE:

Things come to those who wait, but only the things left by those who hustle. Abraham Lincoln Top Headlines: Revival of Gurkha Development Bank no in sight. The bank has submitted a capital plan, stating that it would raise Rs 320 million from the right shares it has issued before it was declared crises- ridden. (Source: The Kathmandu Post) Former minister Khum Bahadur Khadka convicted of graft. Supreme Court sentences him to 18 months in prison. Slaps Rs 9.47 million fines. SC verdicts draw widespread applause. (Source: The Kathmandu Post) NB Group all businesses get ruined. Personal loan of more than Rs 1 billion in self promoted bank. (Source: Naya Patrika) Retailers ask govt to hike VAT threshold. The retailers also complained about them being targeted by the government monitoring agencies for alleged adulteration and other misconducts. (Source: The Kathmandu Post) KFC, Pizza Hut outlets shut indefinitely, citing labor woes. (Source: Republica) Banks report discourages market. Bankers ask shareholders to be patient, let them grow first. (Source: The Himalayan Times) Nepal Telecom, ZTE at odds over infrastructure costs of 10 million GSM line project. Chinese company ZTE is asking NT to consider hidden costs, including those associated with the transportation of equipment to remote areas. (Source: The Kathmandu Post) Sunsari- Morang Industrial Corridor hit by power cuts following the reduction of supply from India. (Source: The Kathmandu Post) Gyan Chandra Acharya, Nepals ambassador and permanent representative to the United Nations, has been appointed under-secretary general and high representative for the Least Developing Countries and Small Island Developing States. (Source: The Kathmandu Post) Politics of consensus at risk: Dahal. (Source: Republica) Many unaware 101 is fire brigade phone number. (Source: Republica) Cabinet panel divided on Upper Trishuli-1 license revival. (Source: Republica) Debt management office in the offing. The new unit is also expected to forecast on the funds the country may need to raise at the future date by conducting thorough market researches. (Source: Republica) DRI seizes goods worth Rs 3 million in Biratnagar. (Source: Republica) Industrial infrastructure development hard hit by budget. (Source: Republica) Govt, gas bottlers near deal. (Source: The Himalayan Times)

MARKET INFORMATION
As of 30th Shrawan, 2069 Index NEPSE Sensitive Float Sen. Float NEPSE Sub-Indices Banking Hotels Dev. Bank Hydropower Finance Insurance Others Current Points Change %Change

397.18 102.34 30.54 27.5

-2.6 -0.86 -0.249 -0.275

Current Points Change

-0.65 % -0.84 % -0.81 % -0.99 %

%Change

356.88 -5.72 495.85 247.3 764.54 254.11 523.89 630.92 0.37 0.75 7.81 -0.8 3.89 2.35

-1.58 % 0.07 % 0.31 % 1.03 % -0.31 % 0.75 % 0.37 %

Market Summary
Total Turnover Rs: Total Traded Shares Total Transactions Total Scrips Traded

74,454,332 297,412 1391 78

Total Market Capitalization Rs: 375,310.68 Millions

Floated Market Capitalization Rs:

71,207.59 Millions

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International Business: India inflation near 3- year low; RBI seen unmoved. Inflation dropped to 6.87% in July from 7.25% in June. (Source: The Kathmandu Post) Eurozone economy shrinks despite Germany growth. (Source: The Kathmandu Post) China approves Wal-Mart control of online market. (Source: The Kathmandu Post) Ford India to inspect 1,11,000 cars over fault fears. (Source: Republica)

Current IPOs:
Company
Khandhari Development Bank Limited

Source: www.negosida.com.np As of 30th Shrawan, 2069

Open Date
24th Shrawa n, 2069

Close Date
29th Shrawa n 2069

Close Date (Max)

6th Bhadra, 2069

Issue Manager
Growmore Merchant Banker Ltd

General News: NIBL Capital Markets- wholly owned subsidiary of Nepal Investment Bankformally commenced business from today. (Source: The Himalayan Times) Global IME Bank and Agriculture Bank of China has signed an agreement to facilitate their customers for mutual benefits. (Source: Karobar Daily) Good opportunity to invest in Nepal Share market: Editorial (Source: Karobar Daily) India has investment in 525 industries in Nepal. (Source: Arthik Abhiyan)

Unaudited financial highlights as of 4th quarter of last fiscal year 2068/69:

Company Paid Up (Rs. In millions) Reserve (Rs. In millions) Net Profit/Loss (Rs. In millions) Operating Profit/Loss (Rs. In millions) NPL to total Loan (%) EPS (Rs.) PE Ratio (times) Net Worth Per Share Per Share total Asset Value (Rs.) Liquidity Ratio (%)
Source

Chilime Hydropower Co. Ltd. 1344 3531.44 932.68 1039.25 _ 69.39 13.11 393.59 400.61 26.86
Annapurna Post

NIC Bank Ltd. 1311.55 1080.09 394.19 617.49 0.73 30.06 15.57 182.42 _ 28.84
Naya Patrika

Everest Bank Ltd. 1391.63 2805.11 1090.56 1539.2 0.84 88.55 11.67 327.76 _ 32.86
Arthik Abhiyan

Arun Valley Hydropower Dev. Co. Ltd. 265.13 43.6 42.54 63.27 _ 16.05 19.01 16.44 142.82 62.1
Arthik Abhiyan

WEIGHTED AVERAGE COST OF CAPITAL: The weighted average or composite cost of capital is the weighted average of after-tax component costs of debt, preferred stock and common equity. In other words, weighted average cost of capital is worked out by weighting the cost of each component of capital by its proportion in the capital structure. The component costs of capital will be different from each source of capital in the firms structure. To use the cost of capital in investment analysis, we must compute a weighted or overall cost of capital.

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Company Paid Up (Rs. In millions) Reserve (Rs. In millions) Net Profit/Loss (Rs. In millions) Operating Profit/Loss (Rs. In millions) NPL to total Loan (%) EPS (Rs.) PE Ratio (times) Net Worth Per Share Per Share total Asset Value (Rs.) Liquidity Ratio (%)
Source

Narayani National Finance Ltd. 647.48 289.37 65.88 107.47 2.97 10.17 12.97 144.02 646.15 31.23
Arthik Abhiyan

Kathmandu Finance Ltd. 154.66 42.78 12.71 16.46 4.46 8.21 13.91 128 460.96 71.01
Arthik Abhiyan

Nerude Laghu Bitta Bikas Bank Ltd. 56 57.07 24.12 37.91 1.52 43.08 9.08 201.91 1704.34 20.89
Arthik Abhiyan

International Leasing & Finance co. Ltd. 2068.8 307.67 138.21 241.83 4.86 6.91 15.05 115.27 217.09 93.94
Arthik Abhiyan

Sahayogi Bikas Bank Ltd. 90 45.4 32.49 46.25 0.31 36.11 5.68 150.45 1755.55 39.43
Arthik Abhiyan

Kaski Finance Ltd. 240.74 47.19 30.56 48.02 0.486 12.69 10.24 119.6 651.95 34.83
Arthik Abhiyan

Company Paid Up (Rs. In millions) Reserve (Rs. In millions) Net Profit/Loss (Rs. In millions) Operating Profit/Loss (Rs. In millions) NPL to total Loan (%) EPS (Rs.) PE Ratio (times) Net Worth Per Share Per Share total Asset Value (Rs.) Liquidity Ratio (%)
Source

Alliance Insurance Co. Ltd. 147.55 53.22 51.25 87.73 _ 35 3 177 437 _
Arthik Abhiyan

Lumbini General Insurance Co. Ltd. 140.62 17.51 29.49 51.04 _ 20.97 4.01 143.83 326.81 _
Karobar Daily

Nepal Life Insurance Ltd. 375 140.52 180.11 239.27 _ 48.03 16.34 137.47 562.44 _
Karobar Daily

Nirdhan Utthan Bank Ltd. 211.7 71.52 50.71 60.41 1.3 26.36 6.22 133.79 _ 48
Nagarik Daily

Bhajuratna Finance & Saving co. Ltd. 78.62 25.49 4.23 1.87 11.67 5.39 21.52 132.43 364.93 84.08
Nepal Samacharpatra

Excel Development Bank Ltd. 80 95.45 35.68 57.68 1.35 45.89 7.52 219.32 3194.6 52.28
Nepal Samacharpatra

Company Paid Up (Rs. In millions) Reserve (Rs. In millions) Net Profit/Loss (Rs. In millions) Operating Profit/Loss (Rs. In millions) NPL to total Loan (%) EPS (Rs.) PE Ratio (times) Net Worth Per Share Per Share total Asset Value (Rs.) Liquidity Ratio (%)
Source

Shree Investment & Finance Co. Ltd. 160 83.72 32.18 49.14 0.47 _ _ _ _ _
Nepal Samacharpatra

Soorya Development Bank Ltd. 14.99 -2.76 -1.76 -1.76 0 _ _ _ _ _

Karobar Daily

Bageshwori Development Bank Ltd. 124.88 50.66 34.24 53.81 0.98 57.65 4.07 295.37 3235.15 35.16
Karobar Daily

Manjushree Financial Institution Ltd. 225 31.14 16.88 26.53 0.7 _ _ _ _ _

Karobar Daily

Diprosc Laghu Bitta Bikas Bank Ltd. 106.14 92.66 40.28 63.3 0.6 37.96 12.4 187.3 1689.44 34.05
Karobar Daily

Cosmos Development Bank Ltd. 17.5 -7.07 -3.89 -3.89 _ _ _ _ _ _

Arthik

Himalayan Distillery Ltd. 385.64 _ 96.65 412.6 _ 25.06 3.99 64.53 _ 0.16
Rajdhani

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