Bangladesh
6 years ago

Top ten cos grab 25pc transaction

United Power tops DSE turnover chart

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United Power Generation & Distribution Company Limited dominated the Dhaka bourse's transaction chart while top ten traded firms captured about 25 per cent of the turnover value on Thursday.

Brokers said the investors were active on United Power shares as the company will hold a meeting of the board of directors on August 08 to consider, among others, audited financial statements of the company for the year ended on June 30, 2018.

The meeting is expected to recommend dividend for the year ended on June 30 this year, they said.

United Power, which was listed on the DSE in 2015 under book building method, disbursed 90 per cent cash and 10 per cent stock dividend for the year ended on June 30, 2017.

According to statistics available with the DSE, about 1.03 million shares of United Power were traded, generating a turnover of Tk 341 million, which was 4.46 per cent of the premier bourse's total turnover.

The total turnover on the Dhaka Stock Exchange (DSE) stood at Tk 7.64 billion, which was 3.24 per cent higher than the previous day's Tk 7.40 billion.

The power generation company's share price hovered between Tk 320 and Tk 339.50 each, before closing at Tk 325.20, shedding 4.18 per cent over the previous day.

Recently, the board of directors of United Power has decided to acquire two power plants of the United Group having generation capacity of 195 MW and 53 MW respectively.

The company's paid-up capital is 3.99 billion, authorised capital is Tk 8.0 billion and the total number of securities is 399.24 million.

The sponsor-directors own 90 per cent stake in the company while institutional investors 6.16 per cent and the general public 3.84 per cent as on June 30, 2018.

The company's nine months earnings per share (EPS) stood at Tk 8.41 for July 2017 to March 2018 as against Tk 8.05 for July 2016 to March 2017.

In the nine months of the current fiscal year, the company's total revenue stood at Tk 4.54 billion and the company made a profit of Tk 3.35 billion (un-audited).

The net asset value (NAV) per share was Tk 37.71 as on March 31, 2018 and Tk 37.47 as on June 30, 2017.

The net operating cash flow per share (NOCFPS) was Tk 8.0 for July 2017 to March 2018 as against Tk 8.60 for the same period of the previous year.

The net asset value (NAV) per share was Tk 37.71 as on March 31, 2018 and Tk 37.47 as on June 30, 2017.

Apart from United Power, other most active shares in terms of value included BBS Cables with Tk 257 million, Saiham Textile Tk 234 million, Dragon Sweater Tk 184 million and Fortune Shoes Tk 172 million.

Legacy Footwear was also included in the top ten turnover chart with shares of Tk 150 million changing hands. It was followed by LankaBangla Finance Tk 139 million, Far Chemicals Industries Tk 135 million, KDS Accessories Tk 132 million and Simtex Industries Tk 125 million.

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