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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.
2 articles.
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Company · DSE:TITASGAS · Gas distribution · Initiation · 31 Oct 2026
Titas Gas: system loss of 9.5% against a 2% allowance and a minimum tax on gross bills leave fair value range BDT 1.3–18.5 (base 3.6) against a BDT 84 NAV
Fair value BDT 1.3–18.5 (base 3.6) vs a price of 16.6. The price needs the loss brought near 5% or a higher BERC margin; value otherwise rests on collecting state receivables.
Fair value ৳1–19 · price ৳16.60 (2026-10-29)
Company · DSE:DESCO · Fuel & power: electricity distribution · Analysis · 29 Oct 2026
DESCO: back to a Tk 442m profit in FY2026, but a 5.5% system loss, Tk 37.9bn of on-lent foreign loans and a qualified audit decide what shareholders keep
Dhaka Electricity Supply earned a spread of Tk 0.86 per kWh on 7,445 MkWh in FY2026 and returned to profit (EPS Tk 1.01) as the taka held against the dollar; three quantified audit qualifications that would cut equity equal 32% of its capital and reserves.