Daily News Recap
Thursday, April 2, 2015
Inflow of low-cost foreign fund for pvt sector up 17pc in 2014
Borrowing of low-cost funds from overseas sources by private sector entities continued to rise in
the year 2014. The inflow of foreign funds for the private sector increased by around 17 per cent
last year when the local banks sat on tonnes of idle money.
Borrowers and business leaders have attributed such a steep rise in overseas borrowings to the
higher lending rates being charged by local banks and other financial institutions. On the other
hand, bankers and experts have blamed the government's policy on yield rates of its savings
tools for the steep rise in the inflow of foreign funds for the private sector.
http://www.thefinancialexpress-bd.com/2015/04/02/87259
Pre-budget discussions begin today
The National Board of Revenue is going to start today month-long pre-budget discussions with
stakeholders to prepare revenue budget for the next fiscal year 2015-2016.
According to the schedule, on the first day of the series of meetings, the NBR will discuss today
with the representatives of hotel, restaurant, guest house, paper, printing, film, advertisement,
and clinic and diagnostics sectors. The NBR will hold meetings with the representatives from
construction, real estate, pharmaceuticals, rubber, plastic, small, medium and large industries
sectors on April 2.
http://newagebd.net/107706/pre-budget-discussions-begin-today/#sthash.PVIChjzj.dpuf
Singaporean firm to drill two onshore gas wells
Singapore-based Kris Energy will carry out drilling operations in two onshore wells in Bangora
field, located under block 9 in Comilla district, a senior Petrobangla said. Once completed, natural
gas production from Bangora gas field will be consolidated at the current level of around 110
million cubic feet per day (mmcfd), said the official. Bangora gas field has currently four producing
gas wells having total production capacity of 110 mmcfd, which is 4.15 per cent of the country's
overall natural gas output of around 2,645 mmcfd, as on March 30, 2015, Petrobangla data
reveals.
http://www.thefinancialexpress-bd.com/2015/04/02/87204
1
Capital Market Research Department
Daily News Recap
Thursday, April 2, 2015
LBSL’s research reports are also available on
Bloomberg LANB <GO>
http://lankabangla.duinvest.com
Recommendation Interpretation
Overweight
Stock is expected to give positive return over 20% in one year horizon.
Add
Stock expected to give a return of 0-10%+ in one year horizon
Neutral
Current price of the stock reasonably reflects fundamental value.
Reduce
Stock is expected to fall up to 10% in one year horizon.
Underweight
Stock is expected to fall by more than 10% in one year horizon.
This document (“the Report”) is published by LankaBangla Securities Ltd (“LBSL”) for information only for its clients. All information and
analyses in this Report have been compiled from and analyzed on the basis of LBSL’s own research of publicly available documentation and
information. LBSL has prepared the Report solely for informational purposes and it is consistent with the Rules and Regulations of SEC. The
information provided in the Report is not intended to, and does not encompass all the factors to be considered in a best execution analysis
and related order routing determinations. LBSL does not represent, warrant, or guarantee that the Report is accurate. LBSL disclaims liability
for any direct, indirect, punitive, special, consequential, or incidental damages related to the Report or the use of the Report. The information
and analysis provided in the Report may be impacted by market data system outages or errors, both internal and external, and affected by
frequent movement of market and events. Certain assumptions have been made in preparing the Report, and changes to the assumptions
may have a material impact on results. The Report does not endorse or recommend any particular security or market participant. LBSL, its
analysts, and officers confirm that they have not received and will not receive any direct or indirect compensation in exchange for expressing
any specific recommendation, opinion, or views in its Report. The information and data provided herein is the exclusive property of LBSL and
cannot be redistributed in any form or manner without the prior written consent of LBSL. This disclaimer applies to the Report in it’s entirety,
irrespective of whether the Report is used or viewed in whole or in part.
LBSL Capital Market Research Department
Md. Mahfuzur Rahman
Head of Research
[email protected]
Analyst
Designation
E-mail
Qazi Musaddeq Ahmad, CFA
Nazmul Ehsan Omiya
Nazib Haider Chowdhury
Salma Yeasmin Xinat
Pritam Saha
Md. Rezwanur Rahman
Deputy Head of Research
Senior Research Associate
Senior Research Associate
Research Associate
Research Associate
Research Associate
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
Institutional & Foreign Trade Department
Rehan Muhammad
Head of Institutional & Foreign Trade Department
[email protected]/rmuhammad1@bloomberg .net
LankaBangla Securities Limited
Capital Market Research Department
Corporate Office
A.A. Bhaban (Level-5)
23 Motijheel C/A
Dhaka-1000, Bangladesh
Phone: +880-2-9513794 (Ext-122)
Fax: +880-2-9563902
Website: www.lbsbd.com
2
Capital Market Research Department