Daily News Recap

Transcription

Daily News Recap
Daily News Recap
Thursday, March 12, 2015
Exporters fear growth may fall for unrest
Despite political and factory safety challenges at home and an image crisis abroad, apparel
exports maintained positive growth during the first eight months of the current fiscal year.
However, garment exporters fear the prospects may not remain the same in the coming months.
News source: http://www.thedailystar.net/business/export/exporters-fear-growth-may-fall-unrest70517
Private credit growth slows
After rising for two months, private sector credit growth came down again in January due to the
seemingly never-ending political unrest. Private sector credit grew by 13.3% (YoY) in January, in
contrast to the 13.5% growth recorded the previous month, according to Bangladesh Bank. Even
the sliding lending rates -- now 12-13% against 14-15% a year ago -- cannot boost demand for
funds from the private sector, bankers said.
News source: http://www.thedailystar.net/business/private-credit-growth-slows-71008
Major telcos may shun spectrum auction
Four top mobile phone operators may not take part in the forthcoming spectrum auction as some
of the key issues that the government promised to sort out during the last bidding remain
unresolved.
In a joint letter, Grameenphone, Banglalink, Robi and Airtel drew Finance Minister AMA Muhith's
attention to their “investors' inability to recommend participation” in the auction for 1,800 MHz and
2,100 MHz bands, due to be held on April 30.
News source: http://www.thedailystar.net/business/major-telcos-may-shun-spectrum-auction5406
1
Capital Market Research Department
Daily News Recap
Thursday, March 12, 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
Md. Mahfujur Rahman
Pritam Saha
Md. Rezwanur Rahman
Deputy Head of Research
Research Associate
Research Associate
Research Associate
Research Associate
Research Associate
Research Associate
[email protected]
[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