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2 articles.
Bangladesh All Bangladesh research →
Company · DSE:SEAPEARL · Hotels & tourism · Analysis · 31 Oct 2026
Sea Pearl Beach Resort: a BDT 6.1bn ICB bond under litigation accrues more interest than the resort earns, and FY2025 revenue fell 59%
Revenue dropped to BDT 684m in FY2025 as the water park, cruise ship and non-AC food lines shrank by BDT 984m; occupancy fell to 26.1%. Net finance cost of BDT 564m was 0.26x covered, and the 9M FY2026 loss was BDT 196m.
Company · DSE:ICB · Financial institutions (state investment corporation) · Analysis · 29 Oct 2026
ICB: a BDT 46.6bn hole in the share portfolio, two years of losses and a balance sheet now leaning on state money
Investment Corporation of Bangladesh lost BDT 12.1bn in FY2025 and BDT 6.5bn in FY2026 (announced). Its portfolio was 31% below cost at June 2025, the unprovided part (BDT 32.8bn) was larger than book equity, and Bangladesh Bank and the government now fund 38% of its borrowings.