Revenue of the company declined by c26% yoy in Q3 21. As the shops remained closed, Singer’s sales suffered. Second, the Q3 20 sales base became high as consumers went on a shopping spree after a two-month lockdown in Q2 20. Please note that Singer’s...

LHBL BD reported 3Q CY21 NPAT of BDT 937mn (EPS: BDT0.81), implying c43% YoY growth against NPAT of BDT 654mn (EPS: BDT0.56) in 3Q CY 20. In 9M CY21, net profit more than doubled and reached BDT 3,089mn from BDT 1,497mn in 9M CY20. Please note that t...

With this in mind, some emerging markets governments and regulators have put in place aggressive targets to lift technological penetration over the next 5-10 years. Vietnam plans to have 50% of its population using electronic payment accounts by 2025...

EPS of the company stood at BDT 15.7 (NPAT BDT489mn) in FY21, implying c24% growth over BDT 12.6 (NPAT BDT393mn) in FY20. Annual earnings of the company surpassed our expectation by c8% yoy. Q4 FY21 EPS stood at BDT 4.7 against BDT 2.9 in Q4 FY20, th...

The markets and sectors we consider are, in Large EM, India, Russia, Saudi Arabia and Taiwan Tech (where TSMC on its own almost counts a country, given its near 7% weight in MSCI EM), and, in small EM, Abu Dhabi, Bangladesh (large caps only), Hungary...

BRGR BD reported 1Q 22 NPAT of BDT746mn (EPS: BDT16.09), up by c594% YoY against 1Q 21 NPAT of BDT108mn (EPS: BDT2.32) and up by c44% from 1Q 20 NPAT of BDT517mn (EPS: BDT11.14). 1Q 22 Operating margin expanded to 19.5% from 17.9% in 1Q 20, driven by...