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74 articles for Grameenphone

Flash Report / Bangladesh

Bangladesh: Restriction on Grameenphone SIM card sale is withdrawn

The ban was introduced on June 29 2022. It affected Q3 and Q4 of 2022. GP lost 4.5mn or 5.3% customers from June 2022 base. The impact was c. 3% of revenue in Q3 2022. We reiterate buy on valuation with updated TP BDT 390 (ETR 44.7%) with an expected...
IDLC Securities Shopnil
Shopnil Paul @ IDLC Securities 3 January 2023

Bangladesh 2023 Strategy Note : Perseverance amid Uncertainty

The verdicts of global events remain undecided, leading to an extended period of uncertainty and indecision. There are two ways for investors to deal with uncertainty. Either panic or persevere. We would recommend the latter. We expect that this repo...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 2 January 2023
Flash Report / Global

How did multinationals perform in Q3 CY22?

We have 13 listed Multinational Companies (MNCs). Their profits increased by c. 8% in Q3 CY22, and c. 1% in 9M CY22. Consumer staples performed better. Consumer discretionary companies and construction companies faced challenges. BATBC, UNILEVERCL, L...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 15 December 2022
Flash Report / Bangladesh

Grameenphone: Q2 2022 - c8% yoy earnings growth driven by c6% revenue growth

GP recorded BDT 6.8 Q2 2022 EPS vs BDT 6.3 in Q2 2021. BDT 37.8bn revenue in Q2 2022 – highest in any quarter so far. This is noteworthy for two reasons. The roll-out of 10.4 MHz spectrum in 2021, increased economic activity, resumption of educationa...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 24 July 2022

Bangladesh ready for next level graduation; a few challenges to overcome

Bangladesh's economy maintained a steady 6%+ growth rate during FY10-FY15, a 7.0%+ growth rate during FY16-FY18, and the growth rate increased to 8.15% in FY19. On the other hand, the central started the BB bill auction from August 2021 as a cautiona...
IDLC Securities S. M.
S. M. Galibur Rahman @ IDLC Securities 31 December 2021

Grameenphone: Q3 2021 – c4% yoy earnings decline driven by one-off operating expenses

GP recorded BDT 6.34 Q3 2021 EPS vs BDT 6.59 in Q3 2020. The 9M 2021 reported EPS stood at BDT 19.24 while 9M 2020 EPS was BDT 19.89, implying a 3.0% yoy decline in the bottom-line. Revenue increased by 1.8% yoy in Q3 2021, as a 7.7% subscriber growt...
IDLC Securities Tanay
Tanay Kumar Roy @ IDLC Securities 25 October 2021


Media & Entertainment
Grameenphone Ltd. offers cellular telephone services to both rural and urban customers in Bangladesh. The Company also provides Internet access via mobile telephones.

Associated topics

Grameenphone Asia Bangladesh Media & Entertainment Communication Services Tanay Kumar Roy BTRC Equity Bangladesh Telecommunication Regulatory Commission GP 2019 Telecom 2020 South Asia