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MarketScreener Homepage  >  Equities  >  New Zealand Stock Exchange  >  Kathmandu Holdings Limited    KMD   NZKMDE0001S3

KATHMANDU HOLDINGS LIMITED

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Nepal to resume international flights after long halt due to coronavirus

07/21/2020 | 02:04am EST
An official stands at the health desk inside the Tribhuvan International Airport after Nepal confirmed the first case of coronavirus in the country, in Kathmandu

Nepal will allow regular international airline flights from August 17, a minister said on Tuesday, nearly four months after suspending them to curb the spread of the coronavirus pandemic.

Wedged between China and India, Nepal enforced a nationwide lockdown, halting scheduled flights, in March, when reported its first confirmed cases of COVID-19.

So far, Nepal has reported 17,844 infections with 40 deaths from the disease.

Nepal, home to eight of the world's 14 highest mountains including Mount Everest, is dependent on tourism including mountain climbing.

The decision to restart flights from Nepal's only international airport in Kathmandu was taken at a cabinet meeting late on Monday.

"We'll prepare the safety regulations which must be followed by airlines to operate," Tourism and Civil Aviation Minister Yogesh Bhattarai told Reuters.

Deochandra Lal Karna, a spokesman for Kathmandu airport, said safety rules like - social distancing, use of sanitizers and masks - were already in place for specially chartered evacuation flights for nationals stranded because of the pandemic.

"Now the airlines will submit their flight schedules for approval before starting services," Karna said.

(Reporting by Gopal Sharma; Editing by Sanjeev Miglani & Simon Cameron-Moore)

By Gopal Sharma


© Reuters 2020
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Financials
Sales 2021 955 M 691 M 691 M
Net income 2021 56,5 M 40,9 M 40,9 M
Net Debt 2021 350 M 253 M 253 M
P/E ratio 2021 16,9x
Yield 2021 3,71%
Capitalization 943 M 682 M 682 M
EV / Sales 2021 1,35x
EV / Sales 2022 1,22x
Nbr of Employees 1 144
Free-Float 90,4%
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Mean consensus BUY
Number of Analysts 2
Average target price 1,68 NZD
Last Close Price 1,33 NZD
Spread / Highest target 27,8%
Spread / Average Target 25,9%
Spread / Lowest Target 24,1%
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Managers and Directors
NameTitle
Xavier Simonet Group Chief Executive Officer & Executive Director
David Edward Kirk Chairman
Reuben James Casey Chief Operating Officer
Chris Kinraid Group Chief Financial Officer & Secretary
Jolann van Dyk Group Chief Information Officer
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