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Pan Asia Banking Corporation PLC has posted a profit after tax (PAT) of Rs. 304 million for the quarter ended March 31, 2016 (1Q’16) recording a 72% growth - Target price is above Rs 35.00

+5
DANIDU
kcrRanz
jayathu
EquityChamp
Yahapalanaya
9 posters

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Yahapalanaya


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

niru wrote:In the report (Page No 2) company said as
"The earnings per share for the quarter rose to Rs.4.13 from Rs. 2.43 a year ago" 

which is incorrect and misleading summary information to the investors.

Actually EPS 4.13 is annualized, not for the quarter.
Yes wrongly written in summary.
But see income statement in the report.It clearly says 4.13 EPS anualised.

niru


Manager - Equity Analytics
Manager - Equity Analytics

In the report they have given false first impression,
Which is not good.

crnsuranjith


Senior Equity Analytic
Senior Equity Analytic

niru wrote:In the report they have given false first impression,
Which is not good.
Yes niru you are right but they have mention the correct eps in the income statement, anyone can do mistake but some companies doing mistake by intentionally, do you know that?

ex:- financial companies , sorry I am not going to mention the name of the companies  here, hope you have seen one thread by ec and chinwi about one finance co: and there are lots.

pabc has made good eps for the first quarter and what about the rest, the meaning  is future earning, if they produce best eps for 2nd quarter. what will be the annualized eps ? what about the end of year? (above 5?)

lot of wrong info on this forum and ppls are getting trap for those cheaters. I am sorry for them. Few ppls are trying to help on this forum (really tanks for them) but attraction is for other side.

crnsuranjith


Senior Equity Analytic
Senior Equity Analytic

EquityChamp wrote:Good but love to see how the target price is arrived. Very Happy
ec, i think you are watching the price movement ?  Very Happy

Harry82


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

niru


You are PCH ,DPL and GREG lover ?????

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics

Dealing by Director on 9th May 2016, Purchase 151848 Shares.

 http://www.cse.lk/cmt/upload_cse_announcements/2391462874841_.pdf

samaritan


Moderator
Moderator

http://www.cse.lk/cmt/upload_cse_announcements/2391462874841_.pdf

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics

Dealing by Director on 10th May 2016, Purchase 551,555 Shares.


last page of the link.


http://www.cse.lk/cmt/upload_cse_announcements/3741462964648_.pdf

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