Internship

Report
Lanka Bangla Securities Limited


4/27/2015

Prepared By:
MD Osman Goni
ID: 103 0927 030

Prepared For:
Mr. Muin Ahmed
NORTH SOUTH UNIVERSITY

TABLE OF CONTENTS
Content

A brief overview
My assignments and contributions to LBS
Lessons learned from the internship
Interaction with colleagues and supervisor
Difficulties that I faced
How I overcame those difficulties
The internship experience
My career plans- and the internship effect on them
The changes I would want in this internship
How can NSU improve its quality of delivery?
Conclusion
Appendix

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ACKNOWLEDGMENTS
I would like to start off by thanking Almighty Allah for giving me so many good opportunities in
life. I would like to thank my internship supervisor Mr Muin Ahmed for being a true mentor,
teacher and guide to me and helping me out whenever I needed. I would extend my hand of
gratitude to all my family members for being patient with me throughout this internship period.
And lastly, I would thank my LBSL colleagues. It was a wonderful experience, and I am about to
reveal the wonders in this report. Thank you Lanka Bangla Securities!

A BRIEF OVERVIEW
I did my internship in Lanka Bangla Securities Limited (LBSL), a wholly owned subsidiary of
Lanka Bangla Finance Limited, located at Motijheel. LBSL is full fledged brokerage house, and
it basically undertakes activities such as portfolio management, investment advisory, impact
investment services, underwriting, and also direct investments in the Dhaka Stock Exchange
(DSE) itself. LBSL prides itself as being innovators in the industry. With the evident success of
Lanka Bangla Finance Limited over the last few years, it is fine to say that LBSL has leveraged
some brand equity from this success.

MY ASSIGNMENTS AND CONTRIBUTIONS TO LANKA BANGLA SECURITIES

There were a lot of assignments, side-works and main tasks that I had been assigned during my
internship period, all of which have been outlined and described below:

Creating a database of DSE company fundamentals,

Constructing stock reports,
Making the market review for Lanka Bangla Securities Resources Limited,
Continuously updating the database created,
Make fundamental charts of the companies analyzed,
Help seniors in the making of the corporate presentations that kept coming,
Arranging the trade information of the DSE companies in year-wise accordance for future
reference and for ease of graphical computations,
Creating a database/archive of all the annual reports, quarterly reports and financial
statements of the DSE-enlisted companies,
Going through many articles, journals and reports in order to understand the capital
market and its functions better,
And reporting to Mr. Nazib Haider Chowdhury on the completion or the status of
completion of the tasks assigned.

DATABASE: This was to be an internal research project conducted by my supervisor Mr.

Mahfuzur Rahman and we had a team of four people working on this project (including him and
another colleague). This team included me and my fellow intern. It was supposed to be a project
that only four of us would be involved with, and entailed us doing data entry. We created a pool
of data for LBSL to use. With the help of these data, LBSL can predict immediate prices and
future price trends. Figures such as P/E ratio, EPS quarterly values, weighted EPS values, daily
average trading, cost of capital, profit growth rates, NPL etc. were few of the many figures that
we were tabulating with the help of the respective company annual reports and the DSE website.
We also had to update the database that we had of all the sectors companies. The sectors
analyzed were banking, financial institutions, cement, textiles, power, etc. All the companies
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under most sectors had to be analyzed for the use of LBSL in future investment and/or portfolio
management reasons.
EQUITY REPORTS/STOCK REPORTS: We were given brief sessions on the reports called
equity research reports, or simply, stock research reports, and we had to download various
equity research reports online (of companies from around the globe). I downloaded what are
called stock recommendation reports or simply equity research reports. Our supervisor had
instructed me to go through these reports, some of which were issued by the Ford Equities
Research. These reports were not the bible, as per my supervisor. But all he asked me to do
what see these reports, try to understand their implications, and try to come up with a structure of
my own, to be issued under the name LBSL. These reports consisted of recommendations, based
on fundamental analysis; not only did they take into account company fundamentals, but also
took investor sentiments, market conditions, industry conditions, etc., into account. It was
amazing to see these analysts analyze the stocks and come up with recommendations such as
buy, sell or hold.
I began constructing these reports with dedication because it actually reflected what the stock
could be for you if you wanted to make money out of the stock market. Taking into account the
EPS growth, as well as the P/E, NAV is just part of the game. The main focus is always on the
management structure, to see if there can be improvement, and also how the companys
corporate governance is. I also looked for reports of foreign companies (e.g., India, USA). Then
finally, I ensured the construction of a solid structure for the LBSL stock report.
I had to prepare the stock reports of 36 companies approximately (on a standardized template) in
a very short period of time. I and my fellow intern divided the reports such that we had to
prepare 18 each. A lot of financial figures (as mentioned in my earlier journals) had to be put in
the stock reports. Figures of the fiscal years 2011, 2012, & 2013 were present. Figures such as
debt-equity ratio, EPS, P/E, NAV, Price-to-Book, etc. had to be computed and put in the reports.
Also, the share price-volume graphs (of the last three years), along with a graphical presentation
of the fundamentals needed to be constructed. In addition to that, basic DSE information of the
companies, the shareholding patterns, and the price performance were also needed to be put in
the stock reports. We completed the 36 stock reports and they were looking great and presentable
enough to be distributed to all concerned.
MARKET REVIEW: I was also assigned the task of preparing a market review of the DSE. This
particular market review was computed using data from the DSE website, and was uploaded
daily on our website (www.LBSL.com). I had to post the market review on the research section
of the website on a daily basis.
The market review comprised of the DSE index graph, a few business news, recent market
information such as volume, turnover, gainers, decliners, market movers, volume movers,
commodities prices, etc. I also included a short description of the summary of the market for
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that particular day. This part was done by our senior because the use of terms was very important
and it would take consistent practice from my part in order to construct a near-perfect market
review for LBSL. The formatting was a challenging job, but I learned to do it adeptly in a matter
of six or seven days.
PREPARATION OF THE CORPORATE PRESENTATION: I also helped many presentations
that my firm LBSL had to deliver during the period of my internship. This presentation
comprised of presenting the banks, insurance companies, power companies, pharmaceutical
companies, etc., in a PowerPoint presentation. This presentation comprised of the company
fundamentals such as their EPS, NAV, P/E, as well as stock beta and share price fluctuations
over the last three years, and a graphical presentation of these fundamentals. I and fellow intern
helped our senior out by tabulating all the figures, making the graphs, and putting them in
presentation form. This did not teach us anything new, but gave us an idea as to how to design a
real corporate presentation.
TRADE INFORMATION: I also had to arrange the trade information of all the companies listed
in the DSE in year-wise accordance. These were going to help our LBSL team to make graphs,
see trends and look for break-outs while making investment decision. The source file was the CD
of trade information which my senior had attained from the DSE library, and with the help of
which, I had to accomplish this mammoth task.
CREATION OF ARCHIVE: I also had to construct a vast archive (with the help of my fellow
intern of course) of annual reports, financial statements, quarterly and half-yearly reports of most
of the companies enlisted in the DSE. I used the LBSL computers to download the reports via the
internet, and for some of the reports that were not available online, I had to get them from other
colleagues who apparently had them.
GRAPHS and CHARTS: I also had to make basic charts, which consisted of bar graphs, line
graphs, etc. of the fundamental figures of most of the companies of the DSE. Figures of NAV,
P/E, and EPS were the ones which were put in the graphs for display.

LESSONS LEARNED FROM THE INTERNSHIP EXPERIENCE

In general, this internship program has taught me a lot of lessons. I will not elaborate too much
on this as the lessons learned were very pretty basic. I learned about the corporate culture , about
the 9-5 routine and the scheduling of tasks (with the lunch, prayer and tea breaks), and also the
way in which healthy relationships could be shared with the colleagues. I also learned to dress up
perfectly, groom myself to look my best and be steadfast in the tasks that I was expected to
complete. The most important lesson I learned was that this was the real world. The world of text
books, questions, answers, exams was over. Getting 93% in courses, getting straight As and
passing the courses was relatively way easier than actually doing a job. It was time to step into
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the real world, apply the theories learned, absorb more knowledge as a sponge, and get things
done. I learned that the time for talking was done, and it was time for action now!

INTERACTION WITH SUPERVISOR AND COWORKERS

I would not brag about my social skills or relationship-building skills, but I think I managed to
have a very good relationship with every coworker that LBSL had. Mr. Nazib Haider was my
official supervisor (on paper) but it was actually Mr. Taj Mohammad who was directly assigning
me tasks, checking on my progress more often than not, and giving constant feedback; and it is
safe to say that I shared a very free, frank and straightforward relationship with him. I had a
rather formal relationship with my supervisor mainly due to the fact that he was very senior (in
terms of both age and position). Apart from that, I had a very jolly time working around people
like Nazmul Ehsan, Sayma, Pritam Saha, and Rizwan.Ahmed .We would all gather at 1pm to
have lunch, where there would be a light time of jokes and entertainment amidst lunch. All in all,
if there is any office politics, dirty games, or mind games that the corporate world is filled with, I
can strongly say that there is no such thing in the world of LBSL; or should I say, not to my
knowledge.
My formal interaction with my supervisor used to occur twice to thrice a week, when we would
gather up in the meeting room and discuss the tasks being undertaken, their progress, and the
necessary feedback and modifications to be done. The days turned into weeks, and the weeks
turned into months as time flew by during my internship program.

DIFFICULTIES THAT I FACED DURING MY INTERNSHIP PERIOD

There were very few difficulties or problems that I faced during my internship period. The team
of LBSL was actually very cooperative, courteous, helpful and informative. Whenever there was
any problem that was encountered, there was always someone with the solution. So, if there were
any potential problems that I could have faced, they did not let me feel any. Special thanks to my
colleague and dear senior Mr. Pritam Saha, who helped me in each and every step of mine
throughout the entire internship period. Hence, after spending around twenty minutes trying to
spot out any difficulties that I may have had, I actually honestly could find none. If I were to
make up one problem, I would say the journey from my house at Science Lab to the office in
Motijheel was the only drawback that I faced during my entire stint with LBSL as an intern.

HOW I OVERCAME THE DIFFICULTIES

With no difficulties, there is not much that I have to talk about as to how I overcame those
difficulties. The only problem could have been transportation & lunch crisis, and I had saved up
money from my past tuitions to manage the transportation costs of going to office from my home
during the internship period. Also, the honorarium that I received from LBSL was good enough
to take care of my lunch and transportation costs.

THE INTERNSHIP EXPERIENCE- DREAM vs. REALITY

I would be one of the very lucky few to say that I dreamt of getting an experience of an amazing
internship, and I got something even better. I am a very goal-oriented person, a very driven
individual. And I have found unconventional ways in which I kept myself motivated for the tasks
I came across. I had envisioned myself of learning about the capital market, gaining some
experience of working on it, and thanks to Almighty Allah, I was selected for the internship
program in Lanka Bangla Securities Resources Limited (LBSL). The call had come a bit late
though, and the interview and exam had went very well, but all in all, I was very satisfied with
the expertise, time and experience I have gained from my term in LBSL and I tangibly feel that
this experience will help me immensely in the future. So I can proudly say that my dream
experience was fulfilled and I cannot imagine everyone being able to say this. Hence, my dream
was fulfilled and the real internship experience in LBSL was as good as it can get. My
colleagues, the tasks, the outings, lunches, praying together, and my supervisors sarcastic yet
humorous wit gave me a fun-filled dream internship experience. I will cherish this wherever I go.

MY CAREER PLANS- AND THE EFFECT THAT THIS INTERNSHIP HAD ON THEM
I had a knack for investment banking since the time I had joined NSU. Although I majored in
Finance and did 3 major courses of Marketing, I admit I was a bit more inclined to getting
myself a career in the Finance sector. LBSL had given me a perfect platform to this as my
internship period was spent learning the investment basics and not by doing anything very
meaningless. This internship somewhat strengthened my wish to pursue investment banking in
some point of my life. However, LBSL is yet to offer me a job, and in the meantime, I have got
myself a job in the position of Business Development Officer in Green Delta Securities. So, for
now, I plan to pursue my career in GDSL and see what future has in store for me.

IF I HAD TO REDO THIS INTERNSHIP, WHAT WOULD I DO DIFFERENTLY?

To me, this internship concept in itself does not seem to do justice to the interns doing it. Firstly,
interns are given a good load of work and it is not exactly easy. Interns have to be dedicated and
committed to the tasks assigned, and their contribution has a lot, in fact, to do with how the team
performs. Secondly, if we conducted a work-benefit trade-off analysis, we would learn that the
payment given does not do justice to the interns. There is an opportunity cost involved with the
time that interns have to put in to the work and hence, I think they deserve better. We can say
that a fresher gets the opportunity to learn about the office culture, corporate etiquette and all, but
at the end of the day, the training can teach the person these same things as well. If I had to redo
this internship, I would not do anything differently in the sense that I would keep the things I had
learned constant. But I would prefer to be paid more, or in fact, maybe decrease this internship
period all in all.

HOW CAN NSU IMPROVE ITS QUALITY OF DELIVERY?

I think this is the million dollar question. From my experience, I have felt that our university has
a great brand value in the minds of both the consumers (parents of the students) and the
employers of the university graduates. When I said I studied from NSU , all that heads in the
interview board actually turned as if it was a very big achievement. But the thing is that the
things we are taught in university can be improved by a huge margin. We are stuck too much in
the book. That should be a given factor. It should be like we have all the bookish knowledge
and also some extra edge. What I noticed is that these are what we really need in order to get a
good job/internship placement:

Great people skills

Eloquence, confidence and amazing body language
Good knowledge about the practical aspect of the job in concern (as well as the textbook
knowledge)
Good presentation skills
A moderate CGPA if not too high.

The combination of these factors actually gives us the edge. In NSU, we have many courses in
which we are taught many irrelevant things. I think that should not be there in the first place. In
finance courses, comprehensive exams should be made compulsory. The competition is getting
tougher and if we do not train hard enough, we will simply succumb to the other competitors and
die out in this process. Hence, more should be covered in the finance, marketing and other major
courses. And we should be given practical experience. One or two classes should actually be
taken by taking the students to the field and making them get the real-life experience. Stock
games should also be played more. More points should be given to these stock games. And
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presentation skills should be enhanced. No matter what my major, I should have great
presentation skills. And lastly, we should teach our business graduates to dress up professionally.
The brand value of NSU will shoot up higher if we actually look into these aspects and make
NSU a more competitive, challenging and tougher place. If we dont, then its a matter of time
when other competitors will take up the place of NSU in the consumers evoked set. All in all,
we need to give our students more practical experience and teach them on-the-job skills. I had
to learn a lot during my internship period. The true implications of the formulas we had learned,
the actual things that are considered before investments- these should have been known to use by
the time we had completed some 40 courses! But sad as it was, I had to learn it the hard way- via
a real work experience!

CONCLUSION
As last words, I would say it was a great experience with LBSL. I learned a lot from this
experience. I think I can take this learning ahead with me and do a lot with it. I can only thank
my supervisor Mr Muin Ahmed for his enormous support during my internship period. And I
also am thankful to North South University which has given me a great platform to launch my
career. I get a lot of respect for I have studied in NSU. And I also am thankful to my colleagues
in LBSL for making my internship experience wonderful.

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