Daily News Recap

Daily News Recap
Thursday, March 12, 2015
Exporters fear growth may fall for unrest
Despite political and factory safety challenges at home and an image crisis abroad, apparel
exports maintained positive growth during the first eight months of the current fiscal year.
However, garment exporters fear the prospects may not remain the same in the coming months.
News source: http://www.thedailystar.net/business/export/exporters-fear-growth-may-fall-unrest70517
Private credit growth slows
After rising for two months, private sector credit growth came down again in January due to the
seemingly never-ending political unrest. Private sector credit grew by 13.3% (YoY) in January, in
contrast to the 13.5% growth recorded the previous month, according to Bangladesh Bank. Even
the sliding lending rates -- now 12-13% against 14-15% a year ago -- cannot boost demand for
funds from the private sector, bankers said.
News source: http://www.thedailystar.net/business/private-credit-growth-slows-71008
Major telcos may shun spectrum auction
Four top mobile phone operators may not take part in the forthcoming spectrum auction as some
of the key issues that the government promised to sort out during the last bidding remain
unresolved.
In a joint letter, Grameenphone, Banglalink, Robi and Airtel drew Finance Minister AMA Muhith's
attention to their “investors' inability to recommend participation” in the auction for 1,800 MHz and
2,100 MHz bands, due to be held on April 30.
News source: http://www.thedailystar.net/business/major-telcos-may-shun-spectrum-auction5406
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Capital Market Research Department
Daily News Recap
Thursday, March 12, 2015
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Recommendation Interpretation
Overweight
Stock is expected to give positive return over 20% in one year horizon.
Add
Stock expected to give a return of 0-10%+ in one year horizon
Neutral
Current price of the stock reasonably reflects fundamental value.
Reduce
Stock is expected to fall up to 10% in one year horizon.
Underweight
Stock is expected to fall by more than 10% in one year horizon.
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LBSL Capital Market Research Department
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Capital Market Research Department