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AGL board meets tomorrow

DSE & CSE (2)
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Anwar Galvanizing Limited (AGL) has organised its board meeting at the company’s head office in the city at 3:30pm tomorrow (January 22, 2018).

The company’s board members will consider, among others, its un-audited financial statements for the Second Quarter (Q2) period that concluded on December 31, 2017 in the meeting.

Cos’ category changed

DPL: Deshbandhu Polymer Limited (DPL) will be placed in ‘A’ category from existing ‘Z’ category with effect from tomorrow (January 21, 2018) as the company has reported disbursement of 10 per cent stock dividend for its shareholders for the year that ended on June 30, 2017.

As per SEC directive and BSEC order dated on October 27, 2015; the stockbrokers and merchant bankers have been requested not to provide loan facilities to their clients against trading of the shares of DESHBANDHU up to 30 trading days from tomorrow.

OEL: Oimex Electrode Limited (OEL) will be placed in ‘A’ category from existing ‘N’ category with effect from tomorrow (January 21, 2018) as the company has reported disbursement of 10 per cent stock dividend for its shareholders for the year that ended on June 30, 2017.

As per SEC directive and BSEC order dated on October 27, 2015; the stockbrokers and merchant bankers have been requested not to provide loan facilities to their clients against trading of the shares of OIMEX up to 30 trading days from tomorrow.

BBS Cables: BBS Cables Limited (BBS Cables) will be placed in ‘A’ category from existing ‘N’ category with effect from Thursday (January 18, 2018) as the company has reported disbursement of 20 per cent dividend – 5 per cent cash dividend and 15 per cent stock dividend – its shareholders for the year that ended on June 30, 2017.

The stock brokers and merchant bankers have been requested to abstain from providing loan facilities to purchase security of the company in between 1st to 30th trading day after change of categorization, starting from Thursday (January 18, 2018) as per BSEC directive and BSEC order dated on October 27, 2015.

Cos credit rating results

Sandhani Life: Credit Rating Agency of Bangladesh Limited (CRAB) has announced the rating of Sandhani Life Insurance Company Limited (Sandhani Life) as ‘AA3’ in the long term along with stable outlook based on its audited financial statements up to December 31, 2016, actuarial valuation report up to December 31, 2016 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Fareast Finance: Emerging Credit Rating Limited (ECRL) has assigned the surveillance rating of Fareast Finance & Investment Limited (Fareast Finance) as ‘A-’ in the long term and ‘ST-3’ in the short term along with a stable outlook based on its audited financial statements up to December 31, 2016, un-audited financial statements up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Doreen Power: Credit Rating Information and Services Limited (CRISL) has rated Doreen Power Generation and Systems Limited (Doreen Power) as ‘AA’ in the long term and ‘ST-2’ in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, un-audited financials up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Rahim Text: Credit Rating Information and Services Limited (CRISL) has rated Rahim Textile Mills Limited (Rahim Text) as ‘A+’ in the long term and ‘ST-3’ in the short term along with a stable outlook in consideration of its audited financials up to June 30, 2017, un-audited financials up to September 30, 2017 and other relevant quantitative as well as qualitative information up to the date of rating declaration.

Pragati Life: Alpha Credit Rating Limited (AlphaRating) has rated Pragati Life Insurance Limited (Pragati Life) as ‘AA-‘ in the long term and ‘ST-2’ in the short term along with a stable outlook based on its audited financial statements as on December 31, 2016 and relevant qualitative information till January 14, 2018.

Cos withdraw authorised reps

SSS: Sterling Stocks & Securities Limited (SSS) — DSE TREC No. 249 — has withdrawn one of its authorised representatives, Md Arifur Rahman, with immediate effect.

GSL: Globe Securities Limited (GSL) — DSE TREC No. 189 — has withdrawn one of its authorised representatives, Md Shariful Islam, with immediate effect.

UCS: UniCap Securities Limited (UCS) — DSE TREC No. 163 — has withdrawn two of its authorised representatives, Mohammad Sirajul Islam and Sonchoy Kumer Saha, with immediate effect.

NDFS: BD Finance Securities Limited (BDFS) — DSE TREC No. 30 — has withdrawn two of its authorised representatives, Khondoker Mahamudul Hasan and Ummul Masakin, with immediate effect.

GLEL: Green Land Equities Limited (GLEL) — DSE TREC No. 18 — has withdrawn one of its authorised representatives, Md Sarwar Hossain, with immediate effect.

PSL: Phoenix Securities Limited (PSL) — DSE TREC No. 4 — has withdrawn two of its authorised representatives, Swapan Kumar Mondol and Md. Imranul Habib, with immediate effect.

-MIAH/SAM/MIAH

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