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AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
B
BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
C
CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
COLOMBO FORT LAND & BUILDING PLC
COMMERCIAL CREDIT AND FINANCE PLC
D
DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
E
F
G
H
HAYLEYS FABRIC PLC
HVA FOODS PLC
J
JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
L
LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
M
N
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
O
P
PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
R
RICHARD PIERIS AND COMPANY PLC
RICHARD PIERIS EXPORTS PLC Hot
ROYAL CERAMICS PLC
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VALLIBEL ONE PLC Hot
W
it happen 1 year a go also. https://cdn.cse.lk/cmt/uploadAnnounceFiles/591534327785_388.pdf@Miss-Sangeetha wrote:http://bizenglish.adaderana.lk/pan-asia-banks-suspension-as-primary-dealer-extended-3/@wallstreetguy wrote:Any news about the bank? Good stock to buy or what?
@KavinduTM wrote:PABC ban was extended in 2019 august 15 for another 6 months.
Today onwards, they are free![]()
I don't think it will be extended again. Last gov dumbly banned them for a transaction with perpetual treasuries.
No need to care about it as PABC was banned for this case since 2017. And extending for 6 months. Then again.@KavinduTM wrote:Sri Lanka’s central bank extends Pan Asia primary dealer ban for six months
Sri Lanka’s central bank said it will extend the ban on the primary dealership arm of Pan Asia Banking Corporation (PABC), to continue investigations into the so-called bondscam.
The six-month ban is extended with effect from February 15, and is enforced under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance.
The central bank said other operations at PABC will not be disrupted.
PABC’s primary dealership has been suspended since August 2017 for its transactions with Perpetual Treasuries Ltd during a securities fraud which caused losses to the state and the Employees’ Provident Fund, a superannuation fund of private sector worker savings.
Five forensic audits into securities fraud and other issues at the EPF have been completed, while one more is currently ongoing. (Colombo/Feb17/2020)
I see you always do that. That's really helpful. Specially when @ThilinaM creating hundreds of topics for the same thing@KavinduTM wrote:@Quibit Good job moving that topic here.
@KavinduTM wrote:PABC 2019 4Q Interim Reports Released!!!
Pan Asia Bank Records Best Ever Financial Results: Operating Profit for the Year Rs. 3,402 Mn and for the 2019 Q4 Rs. 1,431 Mn
"Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter"
PAT (Profit After Tax) growth is 58% YoY
Operating profit before all taxes for the quarter is 726 million, increased by 78%
For Year 2019 Operating Profit before all taxes of Rs. 3,402.68 million, up by 31%
Post Tax Profit of Rs.1,750.56 million in 2019, Increased by 14%
Return on Equity (2019) - 14.5%
Return on Equity (2018) - 13.73%
Return on Assets (2019) - 1.52%
Return on Assets (2018) - 1.28%
NAV (2019) - Rs.30.12
NAV (2018) - Rs.25.41
The Bank‟s gross loans and advances grew by 3.53% during 2019 to reach Rs. 117.50 Billion as at 31st December 2019.
The Bank‟s deposit base grew by Rs. 3.92 Bn during the year to reach Rs 122.54 Billion as at 31st December 2019.
The Bank managed to improve CASA ratio by over 100 basis points in 2019.
EPS (2019) - Rs.3.96
EPS (2018) - Rs.3.48
P/E Ratio - 3.03
Nothing to say. Excellent performance. I recommended this 1 month ago. Still it is possible to collect around 12. They are real winners.
Best share in the current market.
But still just an allegation right?. Haven't proved PABC are wrong. However i don't know about it much.Even the impact will be low.@glad wrote:Take into consideration that a fine is due (re bond scam) when you make your decision
@ColomboCSE wrote:
Yes this is good share But Kavindu not only reports company trust also importance .
hope you know this,
https://www.newsfirst.lk/2020/02/17/suspension-on-pabc-primary-dealer-unit-extended/
I am seeing this as a good opportunity.@KavinduTM wrote:@ColomboCSE wrote:
Yes this is good share But Kavindu not only reports company trust also importance .
hope you know this,
https://www.newsfirst.lk/2020/02/17/suspension-on-pabc-primary-dealer-unit-extended/
Yeah i put that news on this topic too. Having that primary dealing ban issue since 2017 August. So , no special worries about it.
Now they are performing their best but market price is near to all time low. This will jump soon.
P/E is 3.03. Such an undervalued share (Not only considering the P/E)
There are few issues like they mentioned above. But they doesn't deserve this much low price. So 12/= will be a good entry.
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