Stocks
Unique Hotel & Resorts Declares its Dividends
One of the listed companies, Unique Hotel & Resorts has proposed a 20% Cash Dividend for the fiscal year ending on June 30, 2023. The Annual General Meeting (AGM) is scheduled for December 12, 2023, at 10:30 AM, and it will be conducted through a digital platform. The Record Date for dividend entitlement is set for October 23, 2023.
In terms of financial performance, the company has reported notable figures for the year ending June 30, 2023. The Earnings Per Share (EPS) stands at Tk. 6.42, reflecting substantial growth compared to the restated figure of Tk. 3.34 for the previous fiscal year. Additionally, the Net Asset Value (NAV) per share has reached Tk. 88.51, a significant increase from the restated figure of Tk. 84.91 for the year ended June 30, 2022. Furthermore, the Net Operating Cash Flow Per Share (NOCFPS) has risen to Tk. 5.13, compared to the restated figure of Tk. 0.60 for the prior year.
The company attributes this positive financial performance to various factors, including an EPS from business operations of Tk. 2.06. Moreover, the company’s revenue has experienced substantial growth, increasing by 55% during the reporting period compared to the previous year.
Additionally, there has been an unrealized gain on the investment in quoted shares at Chartered Life Insurance Co. Ltd., amounting to Tk. 154,577,130, with a consequential impact of Tk. 0.53 on the company’s financials.
The Company’s latest financial report indicates a positive development in its earnings per share (EPS) for the year ending June 30, 2023. Notably, there has been a significant increase of 2.45% in the EPS, marking a favorable performance and financial growth.
Furthermore, during the same fiscal year, the company achieved a capital gain from the sale of 2.45% ordinary shares of Unique Meghnaghat Power Limited. This capital gain amounted to Tk. 1,128,754,465, and it was realized upon the satisfaction of the condition precedents (CPs) outlined in the Share Purchase Agreement for the Second and Third Closings. This noteworthy capital gain has had a notable impact on the company’s EPS, contributing positively with a value of Tk. 3.83.
Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent loss of 1,023 points, reaching a closing value of 16,690 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, losing 240 points to settle at 5,408 points. Meanwhile, DJIA Index experienced a notable hike, adding 1,218 points during the week and concluding at 40,345 points after a week of gaining.
In contrast, Russell 3000 Index saw a loss in week performance, with a slight drop of 141 point to reach 3,077 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable lost of 126 points, ending the week at 2,091 points.
In the Outgoing week, the European stock market displayed a mixed performance.
Here is the data on the weekly performance of the European Stock Market, The STOXX Europe 600 index, which is considered a leading benchmark for the European market and covers approximately 90 percent of the market capitalization across 17 countries, reported a loss of 18.49 points to close at 506.56.
The United Kingdom’s FTSE 100, one of the most widely followed indices in Europe, also showed a significant drop, losing 195 points or finishing the session at 8,181.
In Germany, the DAX 30 index, added by 605 points to reach 18,301, while France’s CAC 40 decreased by 278 points to stop at 7,352 at the end of the trading day.
Italy’s FTSE MIB, which covers the top 40 stocks traded on the Milan Stock Exchange, decreased by 1,081 points to 33,291. However, Spain’s IBEX 35, lost by 228 points, to close at 11,173.
A review of South Asian stock markets shows that India’s Bombay Stock Exchange (BSE) index BSE Sensex has lost 1,182 points during the week. At the end of the week, the index stood at 82,365 points. On the other hand, the Nifty-50 index of the country’s National Stock Exchange dropped by 383 points last week. At the end of the week, the index stood at 24,852 points.
Pakistan Stock Exchange Index ‘KSE 100’, added 459 points last week. After a week of losing, the index settled at 79,002 points.
On the other hand, The Sri Lankan stock market index loss, and the Colombo Stock Exchange index ‘ASPI’ decreased by 94 points in a week. After a week the index settled at 10,775 points.
Bhutan’s stock market index ‘BSI’ dropped by 9 points hence the index stood at 1,500 points throughout the whole week. Nepal’s ‘NEPSE’ lost 22 points, therefore the index stands at 2,727 points.
Hence Dhaka Stock Exchange: The benchmark index ‘DSEX’ lost by 75.77 points or 1.31 percent, in the outgoing week. At the end of the week, the index stands at 5,728 points.
