S. M. Galibur Rahman
Research Analyst @ IDLC Securities
An experienced Research Analyst with over five years' experience, S M Galibur Rahman, CFA, is one of IDLC’s lead in-house experts on the Banking sector and the Macro-economy. His global and domestic insights, coupled with knowledge in financial modelling techniques, allow him to produce comprehensive analyses with unique perspectives.
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Latest articles from S. M. Galibur Rahman
Reckitt Benckiser Bangladesh: NPAT grew by +22% with +6% top-line growth and margin expansion; Reiterate Buy
NPAT grew by 22.3% YoY amid 6.4% revenue growth, lower opex/sales, and effective tax rate. Reckitt posted Q1 CY21 NPAT of BDT138.9mn (EPS of BDT29.39) against BDT113.6mn (EPS of BDT24.04) in the same quarter previous year, surpassing our expectations...
Auneea Haque @ IDLC Securities 3 May 2021
Unilever Consumer Care: 1Q 21 – Revenue grew after seven quarters but yet to add to the bottom line
Sales grew by c14% on the back of greater product availability, affordability, and effective marketing, beating our expectations. NPAT declined by c32% YoY due to c683bps shrink in GPM and higher effective tax. 683bps GPM shrink, c87% de-growth in ne...
Auneea Haque @ IDLC Securities 3 May 2021
Olympic Industries: c11% topline but only c5% bottomline growth due to gpm dent and higher opex
Revenue grew by 11.2% YoY in Q3 20/21, underperforming our expectations. We believe, the growth momentum will continue for the market leader. As the revenue growth has underperformed our expectations, we have decreased our revenue growth forecast to ...
Auneea Haque @ IDLC Securities 2 May 2021
BRAC Bank: Well-positioned to overcome pandemic and rate cap challenge; reiterate BUY
BRAC Bank, our only recommended bank in Bangladesh, reported BDT 4.4bn NPAT in 2020 against BDT 4.9bn of 2019 implying c11% decline (excluding minority interest). BRAC capitalized the money market liquidity in the best way possible to change its depo...
S. M. Galibur Rahman @ IDLC Securities 23 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...
S. M. Galibur Rahman @ IDLC Securities 21 April 2021
Bangladesh extends lockdown – factories, banks and bourses open; offices closed
The Bangladesh government has decided to extend the current ongoing lockdown for another eight days to curb the increasing number of Covid-19 cases. However, emergency and essential services will be out of the restriction. The offices of airports, la...
Shopnil Paul @ IDLC Securities 13 April 2021
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