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.
Sea Pearl Beach Resort & Spa Ltd. owns and runs a single beach resort at Jaliapalong, Inani, about 25 minutes' drive south of Cox's Bazar town, with a water park beside it and a cruise ship that operates out of Khulna. The resort began commercial…
Company · DSE:UNIQUEHRL · Hotels & tourism · Analysis · 29 Oct 2026
Unique Hotel & Resorts: the power JV earns most of the profit while the Westin's RevPAR fell 21% and interest ate the hotels' operating profit
FY2026 EPS fell to BDT 3.53 from 5.18 and the dividend to 12%; in FY2025 UMPL supplied 83% of net profit, Westin RevPAR dropped to BDT 8,386, and BDT 1,285m of interest left the hotel company with interest cover of 0.45x.
Unique Hotel & Resorts PLC (UHRL) owns The Westin Dhaka in Gulshan, run by Marriott under a management contract signed in 1999, the HANSA serviced residence in Uttara, and the Sheraton Dhaka in Banani, whose restaurants and banquet halls trade while its rooms are not…
Company · DSE:EHL · Real estate · Analysis · 28 Oct 2026
Eastern Housing: a land-plot seller at Aftabnagar that holds 6.9 years of inventory, BDT 14.2bn of customer money and no debt, with bank deposits now earning 41% of pre-tax profit
FY2026 EPS fell 19% to BDT 6.66 (DSE-announced) from 8.27, implying Q4 EPS of about BDT 0.01, and operating cash flow was minus BDT 7.43 a share as land buying resumed and collections fell; the dividend was cut to BDT 2.00.
Eastern Housing Limited (EHL) buys raw land around Dhaka, fills and develops it, and sells residential plots on instalments; it also builds apartments, shops and offices, some on land shared with landowners. It was incorporated in 1964, listed on the Dhaka Stock Exchange in 1994…