{
}
Bangladesh is not facing a financial crisis but is dealing with significant political and economic challenges, according to Finance Adviser Salehuddin Ahmed. He highlighted issues of governance and accountability, particularly in state-owned enterprises, and emphasized the need for reforms that ensure inclusive development rather than just economic growth. The government is also addressing inflation and market stability while planning reforms within the National Board of Revenue to improve tax administration.
ACC reported a 15% YoY volume growth in 2QFY25, reaching 9.3mt, driven by increased trade volume and premium products. Despite a 1.6% QoQ decline in average NSR due to lower cement prices, EBITDA remained in line with expectations. The company anticipates improved demand in 2HFY25, supported by infrastructure projects, and has revised its target price to Rs 3,262, valuing the stock at a long-term EV multiple of 15x September 2026 EBITDA.
Adani Group
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bangladesh addresses political and economic challenges amid governance reforms
12:40 16.11.2024
ACC reports strong volume growth with revised target price of 3262
06:52 28.10.2024
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Economic Indicators
Global Trade Developments
Market Analysis and Predictions
Countries:
Companies:
Currencies:
People: