United Power Generation & Distribution Company dominated the Dhaka Stock Exchange (DSE) turnover chart last week that ended on Tuesday.
Analysts said United Power emerged as turnover leader amid dividend expectation as the company’s year-end on June 30.
The board of director of the power generation company disbursed 90 per cent cash dividend and 10 per cent stock dividend for the year ended on June 30, 2017.
About 2.84 million shares of United Power were traded during the week, generating a turnover of more than Tk 671 million which was 5.10 per cent of the total DSE’s total transaction.
Total turnover on the DSE stood at Tk 13.15 billion last week as the week featured only three trading sessions instead of five.
Each share of the company, which was listed on the Dhaka bourse in 2015 under book-building method, closed at Tk 247.20 on Tuesday, soaring 9.14 per cent over the previous week.
The power generation company’s share traded between Tk 149.70 and Tk 249 in the last one year.
The company has reported earnings per share (EPS) of Tk 2.88 for January-March, 2018 quarter as against Tk 2.77 for the same quarter in the previous year.
In nine months for July 2017-March 2018, the company made a profit of Tk 3.36 billion (un-audited).
For July 2017-March 2018, EPS was Tk 8.41 as against Tk 8.05 for July 2016-March 2017.
The net operating cash flow per share (NOCFPS) was Tk 8.00 for July 2017-March 2018 as against Tk 8.60 for July 2016-March 2017.
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.
Sponsors hold 90 per cent stake in the company, while institutions 6.19 per cent and general public the remaining 3.81 per cent as on April 30, 2018, according to DSE data.
The company’s paid-up capital is Tk 3.99 billion while authorised capital is Tk 8.0 billion and total number of securities is 399.23 million.
The company emerged as the fourth largest market cap listed company on the DSE and largest company in the power sector as of Tuesday.
The company’s total market surpassed U$ 1.0 billion milestone recently and stood at Tk 95.18 billion (U$ 1.13 billion) as on Tuesday.
Meanwhile, the top ten traded companies accounted for more than 29 per cent of the week’s total transaction.
Pharma Aids followed next, with shares worth Tk 453 million changing hands, closely followed by Monno Ceramic Industries Tk 443 million, Square Pharmaceuticals Tk 381 million, Grameenphone Tk 368 million and Alif Industries Tk 343 million.
Beximco was also included in the top ten turnover chart with shares of Tk 300 million changing hands, followed by Khulna Power Company Tk 296 million, Intraco Refueling Station Tk 286 million and Legacy Footwear Tk 276 million.