Singer Bangladesh

  • TickerSINGERBD
  • ISINBD0211SINGR7
  • ExchangeDhaka Stock Exchange
  • SectorHousehold Goods & Home Construction
  • CountryBangladesh
Auneea Haque ...
  • Tanay Roy

Bangladesh consumers: Expect increase in economic activities from July

The long ‘Holiday’ hits the season of the largest retail sales. Bangladesh identified the first Covid-19 patient on 8 March and has reported 25,121 confirmed cases, 370 deaths, and 4,993 recoveries till 19th May 2020. Bangladesh is set to experience a 66-day long ‘holiday’ till 30th May, comprising of 38 days of general holiday (i.e. lockdowns), 20 weekends, and 8 public holidays. The supply-side experienced distribution challenges from the law enforcement agency during the first two weeks of...

Tanay Roy

Singer Bangladesh: Q1 20: Earnings decline amid margin dent; Covid-19 to hit peak season sales

Q1 20 earnings declined by c9% yoy.Despite c12% yoy growth in revenue, Singer’s earnings declined by c9% due to 194bps yoy dent in gross margin. NPAT stood BDT111mn (EPS BDT1.11) in Q1 20 against BDT123mn (EPS BDT1.23) in Q1 19. We think competitive pricing and loss of sales for six days due to Covid-19 holiday resulted in the margin dent. Please note that Bangladesh entered into a countrywide lockdown in the form of a general holiday from the 26th March. The holiday has already been extended...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Tanay Roy

Bangladesh (IDLC): Singer Bangladesh – Flat Q3 earnings yoy amid flood and dengue outbreak; raise TP, Hold

Q3 19 earnings underperformed expectations by c17%. NPAT of Singer stood at BDT440mn in Q3 19 (EPS BDT 4.41). During 9M, earnings stood at BDT952mn (EPS BDT9.54), implying 14% yoy growth. Singer’s revenue grew by c5% yoy in Q3 19 and c15% in 9M 19.

Tanay Roy

Bangladesh (IDLC): Singer Bangladesh – Earnings grow by 40%, surpassing expectations by 12%

Q2 2019 earnings grew by 40% yoy. NPAT of Singer stood at BDT389mn in Q2 2019 (EPS BDT 3.87), surpassing our expectation by 12%. Revenue growth of c25%, coupled with c137bps improvement in gross margin generated such strong earnings growth. On a half-yearly basis, earnings grew by c22% which was higher than our yearly growth expectation of c19%.

A director sold 1,000,000 shares at 0.000BDT and

A director at Singer Bangladesh sold 1,000,000 shares at 0.000BDT and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The na...

Auneea Haque ...
  • Tanay Roy

Bangladesh consumers: Expect increase in economic activities from July

The long ‘Holiday’ hits the season of the largest retail sales. Bangladesh identified the first Covid-19 patient on 8 March and has reported 25,121 confirmed cases, 370 deaths, and 4,993 recoveries till 19th May 2020. Bangladesh is set to experience a 66-day long ‘holiday’ till 30th May, comprising of 38 days of general holiday (i.e. lockdowns), 20 weekends, and 8 public holidays. The supply-side experienced distribution challenges from the law enforcement agency during the first two weeks of...

Tanay Roy

Singer Bangladesh: Q1 20: Earnings decline amid margin dent; Covid-19 to hit peak season sales

Q1 20 earnings declined by c9% yoy.Despite c12% yoy growth in revenue, Singer’s earnings declined by c9% due to 194bps yoy dent in gross margin. NPAT stood BDT111mn (EPS BDT1.11) in Q1 20 against BDT123mn (EPS BDT1.23) in Q1 19. We think competitive pricing and loss of sales for six days due to Covid-19 holiday resulted in the margin dent. Please note that Bangladesh entered into a countrywide lockdown in the form of a general holiday from the 26th March. The holiday has already been extended...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior