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Research-First Perspectives on the Bangladesh Economy.

Institutional-grade market analysis, fundamental stock evaluations, and economic insights written by our 200+ research desk.

Bangladesh capital market research desk overlooking Dhaka with trading dashboards.
Macro & Sector Research

Research Team under Taosif Amin Khan & Nusrat Jahan

A comprehensive 15-page analytical deep dive into industrial growth drivers, foreign currency liquidity dynamics, and high-conviction undervaluation opportunities on the Dhaka Stock Exchange.

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Capital Market Glossary

Macroeconomics & Monetary Policy

Foreign Exchange (FX) Reserves

The central bank's holdings of foreign currencies, gold, and special drawing rights. Stabilized foreign exchange reserves reduce currency risk for international investors and support domestic market liquidity.

Non-Performing Loan (NPL)

A loan on which the debtor is in default and has not made scheduled payments of principal or interest for a specified period. Lower NPL ratios indicate better asset quality and stronger stability within the commercial banking sector.

Consumer Price Index (CPI)

An economic indicator that measures the weighted average of prices of a basket of consumer goods and services. Changes in CPI reflect headline inflation trends impacting consumer purchasing power.

Valuation Metrics & Financial Ratios

Price-to-Earnings (P/E) Ratio

A market valuation metric calculated by dividing a company's market price per share by its earnings per share (EPS). It indicates how much investors are willing to pay for each unit of net earnings.

Price-to-Book (P/B) Ratio

A financial metric comparing a company's market capitalization to its book value (net asset value). A low P/B ratio relative to historical averages can indicate undervaluation or structural risk.

Price/Earnings-to-Growth (PEG) Ratio

A valuation metric that adjusts the P/E ratio by factoring in a company's expected annual earnings growth rate. It helps determine whether a stock is fairly valued given its prospective growth performance.

Free Cash Flow (FCF)

The cash generated by a company's core operations minus capital expenditures needed to maintain or expand its asset base. Expanding FCF provides the financial capacity for cash dividend distributions and balance sheet debt reduction.

Dividend Yield

A financial ratio showing how much a company pays out in dividends each year relative to its stock price. It serves as a benchmark for passive cash income compared to fixed-income investments.

Market Operations & Regulatory Framework

Consolidated Customer Bank Account (CCBA)

A dedicated, segregated bank account managed by a brokerage firm exclusively for holding customer investment funds. Segregating CCBA funds from proprietary capital ensures client asset safety.

Electronic Know-Your-Customer (e-KYC)

A digital, automated identity verification framework that allows financial institutions to authenticate customer credentials online without requiring physical paper documentation.

Margin Leverage Ratio

The proportion of borrowed funds a brokerage firm extends to an investor against their existing account equity. Dynamic margin caps protect trading accounts during volatile market movements.

Sector Rotation

An investment strategy that involves shifting capital allocation from one industry sector to another to capitalize on changing macroeconomic cycles and valuation opportunities.