ICBIBANK

Banking Industry:

Banks in Bangladesh faced one of the most awful years in 2013 in terms of falling investment demand, rising Non-Performing Investment (NPI), weakening
governance, lower protability and deteriorating soundness. Extending investment and maintenance of asset quality were major challenges in 2013 mainly due
to a pervasive sense of uncertainty centering political transition, non-stop strikes and blockades, subdued economic activities and spillover eects of certain
large scale nancial scams. NPI rose to 12.8% in September 2013 which was 4.05% higher than that of corresponding period last year. However, the NPI scenario
of the scheduled banks has improved in December 2013 just because of exible loan rescheduling policy allowed by the Central Bank to mitigate suerings of
business houses due to political unrest. The abundant liquidity has piled up in the banking industry mainly due to low private sector investment demand caused
mainly by political uncertainties and infrastructure bottlenecks. In order to ensure good health of the banking system and to bring all banks under strict
monitoring and control mechanism, a number of remedial measures have been taken by Bangladesh Bank. These include amendment of Bank Company Act
1991, issuance of new corporate governance guidelines for Board of Directors, Chief Executive Ocers and Advisors and Consultants of Bank Companies,
implementation of investment and risk management training and a number of reform measures at the administrative level.

ICB Islamic Bank :

To meet growing expectations of the customers, ICB Islamic Bank Limited continued to extend its reach through state-of-the-art Islamic Core Banking Solutions
as well as alternative delivery channels, innovative products and personalized services to customers. As per Bangladesh Bank's directives, the Bank is providing
MICR encoded personalized cheque books to customers and also implemented Bangladesh Automated Cheque Processing System (BACHS) and Bangladesh
Electronic Fund Transfer Network (BEFTN) successfully. The Bank under the Green Banking initiatives is also pursuing to support solar energy, bio-gas and ETP
projects and motivating its customers, sta and stakeholders to factor ecological, social and economic consequences into all of their personal and professional
decisions.

Financial Position :
Particulars 2013 ( MN) 2012 (MN) % Change
Investment income 642 906 (29)
Prot paid on deposits 423 414 2
Net investment income 220 492 (55)
Income from investments in Shares & Securities 9 3 217
Other operating income 95 152 (37)
Total operating income 324 646 (50)
Total operating expenses 584 581 1
Prot/ (loss) before tax and provision (260) 65 (498)
Provision for investments - 0 -
Net Prot before tax (677) (1,056) (36)
Provision for taxation 4 5 (30)
Net Prot after tax (681) (1,061) (36)
Gross Prot ratio 43 61 -
Table : Financial Position Pic : Share Holder Position


Currently ICBIBANK is having the same amount of investment in
loans whereas the investment income has dropped to 55% lower
than previous year. Along with the investment income the
currently the operating income has also dropped more than 37%
which is also alarming. Currently the share is being traded at
5.60Tk which supports the current fundamental situation as the
company is going through a loss.

If a methodical analysis is done then it can be observed that the
current reserve of this company is negative in order to give them a
strong dividend it has to cover up there negative position over
their reserve. Unless the Organization is under a takeover situation
there is a less chance to be traded at value higher than Face Value.
According to the News at DSE on 02/12/2013 there is no
information to the management of the company regarding
acquisition by the Investment Corporation of Bangladesh at the
current position of the company.

Technical Analysis :








PIC : ICBISLAMIC
Current Trend is down ward. Last few trading days could be count as a
spike during this down trend. Fundamentally this particular script is
a negative script for investment as the growth potential is negative
and technically the script is still in a down trend and might expect to
reach a price level of Tk 8.50.
SECTOR DETAILS
Sector: Bank
Sector PE: 9.9
Sector Cap 362,935,816,318.0
Sector Earnings: 36,543,497,510.5
Sector Beta: 1.1
BASIC INFO
EPS -1.60
No Of Securities: 664,702,300.0
CURRENT PE N/A
Reserve: (15,309.0)
Last AGM Held: 27/06/2013
CAPITAL DETAILS
Paidup Capital: 6647 M
Market Capital: 3257.04 M
Trade % of MCAP: 0.0
Public Securities 150,887,422.0
Public Cap 109M
Table : Company Information

Daily Trend Weekly Trend Monthly Trend
RSI (18) 50.38 Uptrend 42.17 Stabilizing 36.09 Up Trend
MFI(18) 50.33 Uptrend 32.59 Uptrend 58.27 Up Trend
ADX (14) 31.51 Stabilizing 22.44 downtrend 9.66 Stabilizing
MACD 0.00 Upward -0.36 Upward -1.11 Stabilizing
ATR 0.43 Uptrend 0.61 Uptrend 0.95 Up Trend
Recommendation :
Signal Price Fluctuation Current Price: 4.90. Retracement in
Upward Trend. A supply might come at 6.10
tk Price Level. If the Price Trend Remains
Upward then the price will move towards
8.50 and again a supply will generate.
Daily Sell Moderate
Weekly sell Moderate
Monthly sell High