Joy Bhattacharjee

IDLC Securities

Research Associate @ IDLC Securities

Joy covers construction, automobiles and the energy sector. He started his career as a sell-side analyst at UCB Capital Management. Prior to his career in research, Joy worked at leading telcos, such as Grameenphone and Robi Axiata. Joy is a 2020 Level III candidate in the CFA program.

Joy Bhattacharjee
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Latest articles from Joy Bhattacharjee

Summit Power Ltd: 3Q 21 earnings up by 10% due to higher power generation; Reiterate BUY

SUMITPOW BD reported 3Q FY21 NPAT of BDT1,455mn (EPS: BDT1.36), implying a c10% yoy increase against NPAT of BDT1,323mn (EPS: BDT1.24) in 3Q FY 20. 9M 21 NPAT stood at BDT4,465mn (EPS: BDT4.17) vs BDT4,354mn (EPS: BDT4.08) in 9M 20. This is because t...
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Joy Bhattacharjee @ IDLC Securities 11 May 2021

Bangladesh cement: Preferential tariff discontinued; Low impact on valuation

LHBL to pay BDT902.5mn on account of the pending gas bills. The Honourable Court directed LHBL to pay the disputed amount to Jalalabad Gas Transmission & Distribution Systems Ltd. (JGTDS). As of CY20, LHBL paid BDT1,886mn for gas fuel expenses. As LH...
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Joy Bhattacharjee @ IDLC Securities 5 May 2021

Runner Automobiles Ltd: 3Q 21 – c13% revenue growth amid volume recovery; reiterate Hold

Consolidated 3Q FY 21 revenue stood at BDT2,771mn, up by c13% yoy. People opted for cheaper options like light and medium-duty vehicles. RUNNERAU cashed on consumers’ limited spending spree. OPEX/sales improved by 200bps on the back of similar level ...
IDLC Securities Joy
Joy Bhattacharjee @ IDLC Securities 4 May 2021

Heidelberg: 1Q earnings up tenfold riding on +44% topline and +555bps GPM; Upgrade to BUY

HEID BD reported 1Q CY 21 NPAT of BDT465mn (EPS: BDT8.23), implying 968% growth against NPAT of BDT44mn (EPS: BDT0.77) in 1Q CY 20. The company also posted CY 20 loss of BDT80.8mn (EPS: BDT-1.43), vs CY 19 loss of BDT186mn (EPS: BDT-3.30). Based on t...
IDLC Securities Joy
Joy Bhattacharjee @ IDLC Securities 2 May 2021

LafargeHolcim: +23% topline and +760bp gross margin boost Q1 EPS by 98% yoy; raise TP

LHBL BD reported 1Q CY 21 NPAT of BDT1,035mn (EPS: BDT0.89), implying c98% growth against NPAT of BDT523mn (EPS: BDT0.45) in 1Q CY 20. Both volume growth and price growth in retail market contributed to LHBL’s higher double digits’ growth in Cement b...
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Joy Bhattacharjee @ IDLC Securities 25 April 2021

Bangladesh: Minimal impact on economy despite new wave of Covid

Bangladesh is currently undergoing a countrywide lockdown to curb the increasing number of daily COVID-19 cases which peaked at 7,626 on April 7, 2021. Bandwidth usage is expected to increase further in Q4 FY21 as the government already imposed lockd...
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S. M. Galibur Rahman @ IDLC Securities 21 April 2021
Bangladesh: Minimal impact on economy despite new wave of Covid
Bangladesh: Minimal impact on economy despite new wave of Covid

Filter by tags

Asia
Bangladesh
Joy Bhattacharjee
Equity
2020
Auneea Haque
Summit Power Ltd
Utilities
SUMITPOW
9M
3Q
Tanay Kumar Roy
Materials
2019

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