Home » Posts tagged 'cholecalciferol'

Tag Archives: cholecalciferol

Buy Beximco Pharmaceuticals (BXP) says VectorVest. Underlying momentum and milestones achieved indicates there is plenty more to come.

Founded in 1976 and based in Dhaka, Bangladesh, Beximco Pharmaceuticals (BXP.L) manufactures and sells generic pharmaceutical formulation products and active pharmaceutical ingredients. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies. The Company operates from a 23 acre site in Dhaka and has manufacturing facilities for producing various drugs in different delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, prefilled syringes, injectables, nebuliser solutions and oral soluble films etc. Ensuring access to quality medicines is the powerful aspiration that motivates 3,500 employees of the Company.

On January 27 2017, BXP announced half-year results for the period ended 31 Dec 2016. BXP said net sales increased by 13.6% to BDT 7,630.6m or £79.7m, while profit after tax increased by 17.8% to BDT 1,112.9m or £11.6m in the first half. During the period, the company launched a total of eight new products in the domestic market – three of which were launched for the first time in Bangladesh; Voglibose, Cholecalciferol and Dienogest. It also commenced US export of Carvedilol, a prescription drug for treating hypertension, in August, making it the first Bangladeshi pharmaceutical company to export pharmaceutical products to the US. “With the formal launch of Carvedilol in August, Beximco Pharma became the first Bangladeshi pharmaceutical company to export a prescription drug to US,” explained Beximco managing director Nazmul Hassan. “In addition, we received approval for two more products from US FDA during the period.” Hassan said the company continued to perform well in the domestic market, posting a sales growth of 14.4% over the corresponding period in 2015. “We are confident that we will be able to maintain our growth momentum by achieving our operational and financial targets for the full year.”

The growth in BXP sales in both domestic and export markets, resulted in a series of flags across VectorVest metrics during mid 2016 onwards. The GRT (Earnings Growth Rate) metric, which reflects a company’s 1-3 year forecasted earnings growth rate, flagged at 25.00%, which VectorVest considers to be excellent. In addition the VST (VST-Vector and the master indicator for ranking every stock in the VectorVest database) rates BXP at 1.26, which is very good on a scale of 0.00 to 2.00. With the growth momentum clearly established, BXP logs a current Value of 84.5p per share, meaning it is undervalued compared to its current price of 69.50p per share.


The chart of BXP.L is shown above over a period of two years. The price is in candlestick format with the upward trend being clear. The share is undervalued as shown by the price trading below the green line study which is the VectorVest valuation of the stock. In the window below price earnings per share (EPS) is charted via the blue line study and this shows EPS doubling over the period. The share is breaking above a 52 week high and is on a Buy recommendation at VectorVest.

Summary: BXP is currently in a major growth phase, and has passed a number of major milestones over the past year, not least of which is the company’s achievement of becoming the first Bangladeshi pharma company to be approved by the US FDA. The underlying momentum highlighted across VectorVest metrics indicates there is plenty more to come, the share is in a strong upward trend and the probabilities favour a further move upwards to close the valuation gap toward 84.5p.

Dr David Paul

May 3 2017

Readers can examine trading opportunities on BXP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.

FREE! For free VectorVest analysis on any stock, go to this link here

VectorVest Unisearch

On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.

Link here for more info and to set up a trial. 

European Financial Publishing Limited T/A VectorVest UK (VectorVest) is authorised and regulated by the Financial Conduct Authority under register number 543038. You should remember that the value of investments and the income derived therefrom may fall as well as rise and you may not get back the amount that you invest. Past performance is not a reliable guide to the future. This material is directed only at persons in the UK and is not an offer or invitation to buy or sell securities. If investors are in any doubt of the suitability of an investment given their individual circumstances, they are recommended to contact an investment manager or independent financial adviser who may be able to provide tailored advice. Opinions expressed whether in general or both on the performance of individual securities and in a wider economic context represent the views of VectorVest at the time of preparation. They are subject to change and should not be interpreted as investment advice. VectorVest and connected companies, clients, directors, employees and other associates, may have a position in any security, or related financial instrument, issued by a company or organisation mentioned on this site. European Financial Publishing Limited is a company incorporated in Scotland under Company Number SC357322 with its registered address at Exchange Tower, 19 Canning Street, Edinburgh EH3 8EH. Email: support@VectorVest.com
I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.