reports
- Rayhan Ahmed
Equity Note on Bangladesh Submarine Cable Company Limited (BSCCL)
Bangladesh Submarine Cable Company Limited (BSCCL) is a core telecommunications service provider and international submarine cable operator of Bangladesh. It also operates as an International Internet Gateway (IIG) service provider. BSCCL is a member in both SEA-ME-WE-4/ SMW4 (South East Asia–Middle East–Western Europe 4) and SEA-ME-WE-5/ SMW5 (South East Asia–Middle East–Western Europe 5) consortiums that provide more capacity and redundancy in submarine cables for Bangladesh. BSCCL has signed ...
- Shopnil Paul
Bangladesh Submarine Cable Co: BSCCL Q2 FY23 Earnings Update; c20% NPA...
BSCC posted c20% yoy NPAT growth in Q2 FY23. The earnings growth was driven by c22% growth in top-line revenue. In 6M FY23, the bottom-line profit increased by c27% yoy. Revenue increased by c22% yoy in Q2 FY23. IPLC rent, which contributes more than 75% of the total revenue, increased by c31% yoy while revenue from IP Transit Service (service charges for providing bandwidth to IIGs and ISPs) was flat . Gross margin slightly declined by 70bps while the opex to sales ratio improved by 155bps i...
- Shopnil Paul
Bangladesh Submarine Cable Co: Q1 FY23: c35% yoy earnings growth drive...
* 35% yoy earnings growth in Q1 FY23. Diluted EPS in Q1 FY23 stood at BDT 3.97 against BDT 2.95 in Q1 FY22. The earnings growth is mainly driven by the c37% growth in revenue. Both the gross margin and the opex to sales ratio improved yoy in the quarter. * 37% yoy growth in top-line revenue in Q1 FY23. The main revenue contributor, IPLC rent increased by c40% YoY. We think this is due to the increasing consumption of bandwidth in the country. According to the latest data from BTRC, the ...
- Shopnil Paul
- Tanay Roy
Bangladesh Submarine Cable Co: Q2 FY22: 54% earnings growth driven by ...
BSCC BD reported BDT 3.33 diluted EPS (NPAT BDT 599mn) in Q2 FY22, implying a c54% growth over BDT 2.16 diluted EPS (NPAT BDT 389mn) in Q2 FY21. The c54% growth in earnings is mainly driven by c36% sales growth, 407bps improvement in margin and 313bps cut in effective tax rate. In H1 FY22, the submarine cable company logged BDT 1,129mn (diluted EPS BDT 6.3) in profit. It denotes c57% growth over the net profit of BDT 720mn (diluted EPS BDT 4.0) recorded in the same period of previous year (H1...
- Shopnil Paul
- Tanay Roy
Bangladesh Submarine Cable Co: Annual Earnings doubled in FY21
* EPS of the company stood at BDT 11.57 (NPAT BDT 1,908mn) in FY21, implying c99% growth over BDT 5.8 (NPAT BDT 956mn) in FY20. Annual earnings of the company has exceeded our expected EPS of BDT 10.02 in FY21. * Q4 FY21 EPS stood at BDT 4.01 against BDT 1.82 in Q4 FY20, thus implying c121% earnings growth yoy. * BSCCL declared BDT 3.7/share cash dividend (c32% pay-out) in FY21 against BDT 2.0/share cash dividend (c34% pay-out) in FY20. The dividend declaration for FY21 outperfor...
- Joy Bhattacharjee
- Tanay Roy
Bangladesh Submarine Cable Co: Q2FY21 – 33% topline growth and lower b...
BSCC BD reported 2Q FY21 NPAT of BDT390mn (EPS: BDT2.36), up by c94% yoy against NPAT of BDT201mn (EPS: BDT1.22) in 2Q FY20. High top-line growth (+33% yoy) riding on buoyant internet usage and lower bad debt provision drove the earnings growth. H1 FY21 NPAT stood at BDT721mn (EPS: BDT4.37), up by c93% yoy vs H1 20 NPAT of BDT391mn (EPS: BDT2.26). 2Q 21 revenue grew by c33% yoy to BDT791mn which can be attributed to the boosted internet usage. Pandemic-driven digital engagement seems like a p...
- Joy Bhattacharjee
- Tanay Roy
Bangladesh Submarine Cable Co: Monopoly to capitalise on sustaining di...
Bangladesh Submarine Cable Company Ltd. (BBG: BSCC BD) is a core telecommunications service provider and international submarine cable operator of Bangladesh. It is the country’s sole provider of submarine cable bandwidth (BW) services. It provides International Private Leased Circuits (IPLC) and IP transit (Internet BW) services to International Internet Gateway (IIG) and Internet Service Provider (ISP) companies and different corporate and other customers permitted by the regulator. Around ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.