Equity Valuation Report on Marico Bangladesh Limited (February 2023)
Marico Bangladesh Limited (MBL) is one of the leading Fast Moving Consumer Goods (FMCG) companies operating in Bangladesh. Marico Bangladesh Limited owns a multi brand product portfolio across haircare, skincare, baby care, male grooming, hygiene and food categories.
We have conducted a valuation of MBL using discounted cash flow methods and relative valuation models. We are assigning “Marketweight” rating on MBL based on our Target Price of BDT 2,531. Our target price is forecasted to yield 8.65% holding period return.
EBL Securities Ltd. (EBLSL) is one of the fastest growing full-service institutional brokerage companies in Bangladesh. On top of our expertise and achievements, we take pride in our strong commitment towards excellent client services and development of the Bangladesh capital markets.
EBLSL is a fully owned subsidiary of Eastern Bank Limited (EBL), one of the leading private commercial banks of Bangladesh. EBLSL is one of the TOP-10 brokerage companies of Bangladesh.
We have unwavering faith in the potential of Bangladesh. We also believe that an efficient, vibrant and transparent capital market can strongly contribute to the overall development of Bangladesh. Bangladesh is currently at the initial stage of capital market growth, and we are committed to assist the entry of early movers into a growth-oriented, vibrant, nascent emerging market.
EBLSL has developed a disciplined approach towards providing capital market services. The foundation for our business is a strong commitment towards market experience & professionalism, investment knowledge, market intelligence and research services.
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