IDLC Securities
18 Aug 2021
Berger Paints Bangladesh: Top line growth and margin expansion drove earnings growth; reiterate Buy
IDLC Securities
2 Aug 2021
Heidelberg: 2QCY21 Update – EPS of BDT3.56 meets expectation; Reiterate BUY
IDLC Securities
29 Jul 2021
Linde Bangladesh Ltd: Lower opex and tax cut boosted earnings; reiterate Buy
IDLC Securities
18 Jul 2021
LafargeHolcim: 2Q 21 – 1200bps yoy GPM expansion boosted earnings; Reiterate HOLD, Raise TP
IDLC Securities
5 Jun 2021
Bangladesh Budget: Tax cuts and incentives to spur growth and manufacturing
IDLC Securities
11 May 2021
Summit Power Ltd: 3Q 21 earnings up by 10% due to higher power generation; Reiterate BUY
IDLC Securities
5 May 2021
Bangladesh cement: Preferential tariff discontinued; Low impact on valuation
IDLC Securities
4 May 2021
Runner Automobiles Ltd: 3Q 21 – c13% revenue growth amid volume recovery; reiterate Hold
IDLC Securities
2 May 2021
Heidelberg: 1Q earnings up tenfold riding on +44% topline and +555bps GPM; Upgrade to BUY
IDLC Securities
25 Apr 2021
LafargeHolcim: +23% topline and +760bp gross margin boost Q1 EPS by 98% yoy; raise TP
IDLC Securities
21 Apr 2021
Bangladesh: Minimal impact on economy despite new wave of Covid
IDLC Securities
14 Apr 2021
Linde Bangladesh Ltd: Lower payout amid EPS fall in covid year, Historic high GPM in Q1; Reiterate BUY
IDLC Securities
5 Apr 2021
Linde Bangladesh Ltd: Riding on vibrant construction sector; Initiate with BUY
IDLC Securities
10 Mar 2021
Bangladesh set to return to high growth trajectory
IDLC Securities
3 Mar 2021
LafargeHolcim: CY20 update – EPS up by 36% amid rapid industrial recovery & margin expansion
IDLC Securities
10 Feb 2021
Summit Power Ltd: 2Q 21 earnings up by 6% due to the base effect; reiterate Buy
IDLC Securities
4 Feb 2021
Runner Automobiles Ltd: Q2FY21 – 8% topline growth amid volumetric recovery; raise TP
IDLC Securities
3 Feb 2021
Bangladesh Submarine Cable Co: Q2FY21 – 33% topline growth and lower bad debt provision leads to 94% EPS growth
IDLC Securities
29 Jan 2021
Berger Paints Bangladesh: 36% EPS growth riding on 11% topline growth & lower opex; raise TP
IDLC Securities
1 Jan 2021
Bangladesh Strategy 2021: Return to high growth
IDLC Securities
20 Dec 2020
Bangladesh Submarine Cable Co: Monopoly to capitalise on sustaining digital adoption; Reinitiate with Buy
IDLC Securities
18 Nov 2020
Runner Automobiles Ltd: 1QFY21 Update – Demand yet to reach pre-Covid level; Reiterate Hold
IDLC Securities
13 Nov 2020
Summit Power Ltd: 1Q 21 earnings decline due to the base effect; Reiterate BUY
IDLC Securities
4 Nov 2020
Bangladesh’s listed MNCs make quick recovery post lockdown
IDLC Securities
1 Nov 2020
Berger Paints Bangladesh: Q2 sales recovery & lower OPEX drive earnings; Reiterate BUY
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.
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