Company · Initiation · 31 Oct 2026
MJL Bangladesh: Mobil lubricants and tankers carry the value, LPG earns 0.6% on equity; fair value range BDT 72–87
Fair value BDT 72–87 (base 79) against a BDT 90.8 price: lubricant margins near 32% and new tankers face BDT 32bn of debt and a loss-making LPG arm.
MJL Bangladesh PLC (DSE: MJLBD) sells Mobil-brand lubricants in Bangladesh under its licence from ExxonMobil, runs oil tankers, and owns 62.5% of Omera Petroleum, which it describes as the country's largest LPG company with about 22% of the market. The East Coast Group controls it…
Fair value ৳72–87 · price ৳90.80 (2026-10-29)