Kathmandu, Nov 3
Oriental Hotels Limited is going to distribute bonus share certificate from Kartik 19,2071.
Oriental Hotels Limited is going to distribute bonus share certificate from Kartik 19,2071.
Showing posts with label Oriental Hotel. Show all posts
Showing posts with label Oriental Hotel. Show all posts
Tuesday, November 4, 2014
Sunday, August 17, 2014
4th Quarter Report of Oriental Hotel
Kathmandu, Aug 15
Oriental Hotels Limited has posted net profit of Rs. 207.805 million on its 4th quarter financial report of the fiscal year 2070/71
Oriental Hotels Limited has posted net profit of Rs. 207.805 million on its 4th quarter financial report of the fiscal year 2070/71
Friday, March 14, 2014
Oriental Hotels has published notice for for Second installment payment to its shareholders
Kathmandu, March 14
Oriental Hotels has called for the deposit of second installation of ordinary share issued on 2057 to its shareholder who did not deposited yet
Friday, May 18, 2012
Hotel shares could soon boom
KTHMANDU, MAY 19, 2012
With better days in both the capital market and tourism, hotel stocks might see brighter times in the capital market.
The market capitalisation of listed hotels has gone up by 20 per cent in the last one year. Though the hotel industry is considered to be promising with a bright future due to the budding tourism sector in the country, listed hotels are not faring well at the stock market.
According to recently published unaudited financials, the three hotels — out of four listed — have registered seven per cent growth in profits in third quarter of current fiscal year.
Soaltee Hotel has posted Rs 120 million, Taragaon Regency Hotel registered Rs 100.8 million and Oriental Hotels recorded Rs 83.9 million as net profits in the third quarter of current fiscal year. Hotel Yak and Yeti, which has applied for de-listing, has stopped publishing its quarterly and annual financial reports.
The index of hotels subgroup — among the nine sub groups at Nepse ––has registered only seven per cent growth since the beginning of the fiscal year. The recent surge in the capital market is yet to spill over to hotels, though they are sailing smooth due to rising tourist arrivals in the last two years.
Only stock prices of financial institutions and hydropower companies have witnessed a surge but shares of hotels, manufacturing and trading companies are still struggling.
Tourism industry in Nepal has been registering around a 20 per cent growth rate on average annually making it one of the most profitable businesses. But stocks belonging to hotels are not traded frequently and have not seen much price appreciation, though Soaltee Hotel’s bonus shares have contributed a little in increasing the market capitalisation of the subgroup.
In the last half year, only 20,489 unit shares worth Rs 2.26 million belonging to the three hotels were traded, which is less than the turnover of Nepal Telecom (NT) on an average day.
Despite nine five-star hotels and around 25 hotels ranging from three-stars that are eligible for public offering, only four are listed at the stock exchange.
“There is no obligation for hotels to issue shares to public, so it is up to them, if they want to issue shares to public to raise funds or not,” pointed out share analyst Rabindra Bhattarai.
At Nepse, some 65 per cent of the total stocks listed belong to financial intermediaries and NT’s shares consist of 10 per cent of total listed shares, leaving marginal room for any other company. “The market needs to be diversified so that different types of companies get listed which can then help investors distribute their risks by managing their portfolio,” he said.
With better days in both the capital market and tourism, hotel stocks might see brighter times in the capital market.
The market capitalisation of listed hotels has gone up by 20 per cent in the last one year. Though the hotel industry is considered to be promising with a bright future due to the budding tourism sector in the country, listed hotels are not faring well at the stock market.
According to recently published unaudited financials, the three hotels — out of four listed — have registered seven per cent growth in profits in third quarter of current fiscal year.
Soaltee Hotel has posted Rs 120 million, Taragaon Regency Hotel registered Rs 100.8 million and Oriental Hotels recorded Rs 83.9 million as net profits in the third quarter of current fiscal year. Hotel Yak and Yeti, which has applied for de-listing, has stopped publishing its quarterly and annual financial reports.
The index of hotels subgroup — among the nine sub groups at Nepse ––has registered only seven per cent growth since the beginning of the fiscal year. The recent surge in the capital market is yet to spill over to hotels, though they are sailing smooth due to rising tourist arrivals in the last two years.
Only stock prices of financial institutions and hydropower companies have witnessed a surge but shares of hotels, manufacturing and trading companies are still struggling.
Tourism industry in Nepal has been registering around a 20 per cent growth rate on average annually making it one of the most profitable businesses. But stocks belonging to hotels are not traded frequently and have not seen much price appreciation, though Soaltee Hotel’s bonus shares have contributed a little in increasing the market capitalisation of the subgroup.
In the last half year, only 20,489 unit shares worth Rs 2.26 million belonging to the three hotels were traded, which is less than the turnover of Nepal Telecom (NT) on an average day.
Despite nine five-star hotels and around 25 hotels ranging from three-stars that are eligible for public offering, only four are listed at the stock exchange.
“There is no obligation for hotels to issue shares to public, so it is up to them, if they want to issue shares to public to raise funds or not,” pointed out share analyst Rabindra Bhattarai.
At Nepse, some 65 per cent of the total stocks listed belong to financial intermediaries and NT’s shares consist of 10 per cent of total listed shares, leaving marginal room for any other company. “The market needs to be diversified so that different types of companies get listed which can then help investors distribute their risks by managing their portfolio,” he said.
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