AnalystBro Research

Research

Company valuation reports, peer comparisons, results notes, industry reports and macro views, built from company filings and official data and independently reviewed before publishing. Company reports show their full model as view-only sheets. Facts and estimates, not investment advice.

Clear

4 articles.

Bangladesh All Bangladesh research →

Company · DSE:PADMAOIL · Fuel marketing · Initiation · 31 Oct 2026
Padma Oil is a cash box with a fuel licence: fair value range BDT 194–249, base 221, with two-thirds of the value in own cash
Fair value BDT 194–249 (base 221) against a BDT 197.5 price: interest on BDT 56bn of deposits, not the Tk0.80/litre margin, drives profit; jet fuel is now the richest product.
Fair value ৳194–249 · price ৳197.50 (2026-10-29)
Company · DSE:JAMUNAOIL · Fuel marketing · Initiation · 31 Oct 2026
Jamuna Oil is a cash box with a fuel licence: fair value range BDT 130–199, base 164, with BDT 15.4bn in stressed banks
Fair value BDT 130–199 (base 164) against a BDT 178.2 price: interest on BDT 74bn of cash, not the Tk0.80/litre margin, drives profit, and the MJL stake adds BDT 43 a share.
Fair value ৳130–199 · price ৳178.20 (2026-10-29)
Company · DSE:CVOPRL · Fuel, refining and lubricants · Analysis · 29 Oct 2026
CVO Petrochemical Refinery: a naphtha-to-solvent margin business that tripled profit since FY2023, then idled for seven weeks when naphtha cost more than solvent
FY2026 EPS was BDT 4.93 (DSE) against BDT 0.46 in FY2023, on a single feedstock from Eastern Refinery and one product line; the plant paused from 1-Apr to 23-May-2026, leaving an implied Q4 loss of about BDT 4.6m, and the auditor qualified the FY2025 accounts.
Company · DSE:MPETROLEUM · Fuel and Power · Initiation · 29 Oct 2026
Meghna Petroleum: fair value range BDT 236-401, as interest earns 78% of profit and BDT 5.5bn sits in stressed banks
Fair value BDT 236-401 (base 313) vs price 211.5: BDT 222 from the fuel franchise and float, BDT 188 from own cash after a 30% haircut on stressed FDRs and a trapped-cash discount.
Fair value ৳236–401 · price ৳211.50 (2026-10-29)