Stocks
Yousuf Flour Mills’ Shares Skyrocket on DSE SME Platform
The share price of Yousuf Flour Mills Limited, a company listed on the Dhaka Stock Exchange (DSE) SME platform, continued to soar, making it the most expensive stock among all listed scrips on the bourse.
The company’s shares closed at Tk5,183.50 apiece on the day, with multinational giant Reckitt Benckiser (Bangladesh) PLC being the second-most pricey stock, closing at Tk4,656.
On 16 January this year, Yousuf Flour’s shares were traded at Tk1,523 each. In just two and a half months, the stock soared by 240%, although the company informed the DSE that there is no undisclosed price-sensitive information.
On Wednesday, the company’s share price increased by 10% or Tk475 on the DSE platform. Only 3 shares were traded in the session.
The company, incorporated in 1977, sells flour products in local and foreign markets. It was listed on the DSE in 1987.
In 2009, the DSE delisted Yousuf Flour. In July 2022, the company resumed trading on the SME platform of the DSE.
In fiscal year 2022-23, the company’s revenue stood at Tk72.26 crore, up from Tk32.96 crore in the previous year. Its profit after tax stood at Tk1.50 crore, compared to Tk0.34 crore a year ago.
In July-December 2023, its profit after tax stood at Tk47 lakh, compared to Tk21 lakh in the same period of the previous year. During the period, its earnings per share was Tk7.74, up from Tk3.44 a year ago.
Its net asset value per share was Tk67.47 at the end of December 2023.
The company recommended a 12% cash dividend for its shareholders for the last fiscal year.
As of 30 June 2023, sponsor directors retained a 53.88% stake, while general shareholders possessed 46.05% of the company’s shares.
On Wednesday, the DSMEX Index of the bourse increased by 5.31% or 91 points to 1,804 points. Most of the stocks traded in the green territory throughout the session.
Dhaka Stock Market DSE, Bourse on the second working day of the week, 30th September, ended with a negative performance in Indices and a hike in Turnover from the previous working session. This information is known from DSE sources.
503 crore 90 lakh taka shares were traded on this day. 22 crore 58 lakh more tradings were done in DSE today compared to the previous workday, 29th September, Shares worth Tk 481 crores 31 lakh shares were traded last time, Sunday.
The benchmark DSEX lost 33.61 points or 5,624 The Shariah-based index DSES dropped 7.36 point or 1,263 and the blue-chip index DS30 decreased by 9.57 points or 2,053.
Of the issues traded, 72 advanced, 299 declined and 25 remained unchanged.
Shahjibazar Power Company Limited ranked top gainer on DSE, the share price increased by Tk 4.00 paisa or 9.76 percent. On this day, the share was last traded at Tk 45.00 paisa.
Dhaka Electric Supply Company Limited ranked top loser on the DSE, the share price dropped by Tk 1.80 paisa or 7.56 percent. On this day, the share was last traded at Tk 22.00 paisa.
DSE topped on trade is Pragati Life Insurance Limited 25 crore 35 lakh takas of company shares have been traded.
A total of 27 companies’ shares were traded in the Block on Dhaka Stock Exchange. A total of 1 crore 50 lakh 42 thousand 956 shares of the companies were traded. The financial value of which is 65 crore 60 lakh taka
One of the Listed companies, National Polymer Limited has recommended 10.50% Cash Dividend for the year ended June 30, 2024.
It has reported Consolidated EPS of Tk 2.27 paisa, and Consolidated NAV per share of Tk 30.63 for the year ended March 31, 2024.
The Annual General Meeting (AGM) of the company will be held on December 18, through the digital platform. The record date for this has been fixed at October 22.
The Company also discloses its financial reports for the second quarter, (April – June 24).
As per the company’s consolidated life revenue account for April to June 2024, the excess of total income over total expenses, including claims (surplus), stood at Tk 1,394.24 million. This marks a significant increase from the surplus of Tk 823.68 million during the same period in 2023.
For the first half of 2024, from January to June, the company reported a surplus of Tk 2,177.57 million, compared to Tk 1,290.39 million in the corresponding period of the previous year.
Additionally, the Life Insurance Fund balance as of June 30, 2024, reached Tk 55,188.62 million, showing a net increase of Tk 5,892.25 million from Tk 49,296.37 million on June 30, 2023.
One of the Listed companies, Beacon Pharmaceuticals PLC has recommended 20% Cash dividend and 10% Cash Dividend to Sponsor Shareholder and Directors for the year ended June 30, 2024.
It has reported EPS of Tk 2.26 paisa, and NAV per share of Tk. 26.37 for the year ended June 30, 2024.
The Annual General Meeting (AGM) of the company will be held on December 23, through the digital platform. The record date for this has been fixed at October 27.
