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Tech ObserverNewsIndustryForeign investors are buying Bangladeshi firm Walton shares

Foreign investors are buying Bangladeshi firm Walton shares

The institutional investors have sold 0.8 % shares of Walton Hitech Industries Limited, which was listed on the stock exchange in June this year. And foreigners are buying those shares, according to Dhaka Stock Exchange (DSE) sources.

The institutional investors have sold 0.8 % shares of Walton Hitech Industries Limited, which was listed on the stock exchange in June this year. And foreigners are buying those shares, according to Dhaka Stock Exchange (DSE) sources.

Dhaka — The institutional investors have sold 0.8 % shares of Hitech Industries Limited, which was listed on the stock exchange in June this year. And foreigners are buying those shares, according to (DSE) sources.

As of May 31 this year, institutional investors held a 45% stake in Walton, according to the DSE. A month later, on June 30, it dropped to 37%. That means institutional investors have sold shares.

At the same time, ordinary investors also sold 0.2% of the shares. And these shares were bought by foreign investors. Foreign investors who had no shares in May now hold 0.10% of the shares. Shares of Walton were last sold last Thursday at Tk1414. 90.

Meanwhile, last week announced a 250% cash dividend for shareholders. The company’s board of directors declared the dividend after reviewing the financial statements for the year ended June 30, 2021.

Investors will receive Tk 250 per share with a face value of Tk10, which is 250% of the ordinary shareholders’ cash. However, entrepreneurial managers will take 170%.

The company’s Annual General Meeting (AGM) will be held on September 29 on the digital platform with the aim of unanimously approving the declared dividend to the shareholders. The record date has been set for 5 September.

In the outgoing year, Walton’s earnings per share (EPS) have been Tk54. 21 paise. The previous year’s earnings per share were Tk24.21.

On June 30, 2021, the company’s net asset value per share (NAVPS) was Tk331.59.

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