DSE/CSE News in Brief (26-03-2018)

FE Team | Published: March 25, 2018 22:51:41

Credit rating result
Saiham Cotton Mills Limited: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating (surveillance) of the company as "A2" along with a stable outlook based on audited financial statements up to June 30, 2017, un-audited financial statements up to December 31, 2017; business data up to December 31, 2017; bank liability position as on December 31, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Hamid Fabrics Ltd.: Credit Rating Agency of Bangladesh Limited (CRAB) has informed that the entity rating (surveillance) of Hamid Fabrics Ltd. as "AA3" based on audited financial statements up to June 30, 2017; unaudited 03 months management prepared financial statements; bank liability position as on 31 December 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.
Buy intention
Islamic Finance and Investment Company Ltd.: Mr. Liaquat Hossain Moghul, one of the sponsors of the company has reported his intention to buy 1,90,000 shares of the company at prevailing market price through stock exchange within next 30 working days.
Recommendation of dividend
BRAC Bank: BRAC Bank Limited has recommended 25 per cent stock dividend for the year ended on December 31, 2017. The AGM will be held on April 26, 2018 at 11:00 am at BRAC-CDM, Savar, Khagan, Dhaka. Record Date is on 11 April 2018. BRAC Bank Limited has also Consolidated EPS of Tk. 6.07, Consolidated NAV per share of Tk. 31.10 and Consolidated NOCFPS of Tk. 24.99 for the year ended on 31 Dec'17 as against Tk. 4.55, Tk. 31.18 and Tk. 13.75 respectively for the same period of the previous year. — DSE/CSE Online
DSE NEWS
Div recommendation
United Insurance Ltd.: The board of directors of the company has recommended 11 per cent cash dividend for the year ended on December 31, 2017. The AGM will be held on May 03, 2018 at 10:00 am at Spectra Convention Centre, House # 19, Road # 7, Gulshan-1, Dhaka-1212. The record date is April 15, 2018. The company has also reported EPS of Tk. 2.41, NAV per share of Tk. 29.97 and NOCFPS of Tk. 1.07 for the year ended on December 31, 2017 as against Tk. 2.87, Tk. 28.64 and Tk. (0.84) respectively for the same period of the previous year.
Board meeting
Pubali Bank Limited: Pubali Bank Limited has informed that a board meeting of the company will be held on March 29, 2018 at 4:30 pm to consider, among others, audited financial statements of the company for the year ended on December 31, 2017.
CSE NEWS
Div recommendation
Mercantile Bank Ltd.: The bank has recommended 17 per cent cash and 5 per cent stock dividend for the year ended December 31, 2017. The AGM will be held on April 30, 2018 at 11:00 am at FARS Hotel & Resorts, 212, Shahid Syed Nazrul Islam Sharani (Bijoynagar), Dhaka-1000. The record date is on April 15, 2018. Mercantile Bank Ltd. has also reported Consolidated EPS of Tk. 3.89, Consolidated NAV per share of Tk. 22.74 and Consolidated NOCFPS of Tk. 3.72 for the year ended on 31 Dec'17 as against Tk. 2.87(restated), Tk. 22.82 and Tk. 5.36 respectively for the same period of the previous year.
— DSE/CSE Online