A view of Dhaka Stock Exchange in Bangladesh
Dhaka, Bangladesh (BBN)- BBS Cables Limited dominated the turnover chart on the Dhaka Stock Exchange (DSE) last week that ended on Thursday.
According to statistics available with the DSE, about 17.39 million shares of BBS Cables were traded, generating a turnover of BDT 1.66 billion.
It was 3.78 percent of the premier bourse’s total transaction. The total turnover stood at BDT 43.91 billion last week on the DSE.
The company’s share price closed at BDT 101.90 on Thursday, the last trading day of the week, soaring 12.85 percent over the previous week.
Recently, the BBS Cables has informed that they have received a “Notification of Award (NOA)” from BREB under “Distribution Network Expansion for 100 per cent Rural Electrification (Dhaka, Mymensingh, Chittagong and Sylhet Divisions)” projects for the supply of conductor for the total amount of BDT 936 million.
The notification of award will be effective upon signing the contract within 28 days.
The letter of intimation will be submitted after signing the contract. The goods will have to be delivered within four months from the date of signing the contract.
Market insiders said investors showed enthusiasm following the news and it created hype among the investors.
The company’s (un-audited) earnings per share (EPS) stood at BDT 2.31 for January-March 2018 as against BDT 0.86 for January-March 2017.
In nine months for July 2017-March 2018, its EPS was BDT 5.84 as against BDT 2.34 for July 2016-March 2017.
The net operating cash flow per share (NOCFPS) was BDT 0.50 for July 2017-March, 2018 as against BDT 4.53 for July 2016-March 2017.
The net asset value (NAV) per share was BDT 22.08 as on March 31, 2018 and BDT 19.17 as on June 30, 2017.
The company’s paid-up capital is 1.38 billion, authorised capital is BDT 3.0 billion and the total number of securities is 138 million.
Sponsor-directors own 33.33 percent stake in the company while institutional investors 11.10 percent, foreign 0.08 percent and the general public 55.49 percent as on June 30, 2017, the DSE data shows.
Apart from BBD Cables, the most active shares of the week were KDS Accessories with shares of BDT 1.25 billion changing hands, followed by United Power BDT 1.06 billion, Bashundhara Paper Mills BDT 1.02 billion, Khulna Power Company BDT 1.01 billion, and Monno Ceramic Industries BDT 998 million.
The Peninsula Chittagong was also included in the week’s top turnover list with shares worth BDT 960 million changing hands, followed by Legacy Footwear with BDT 879 million, Singer Bangladesh of BDT 874 million and SK Trims Industries BDT 861 million.
BBN/SSR/SR