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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

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samaritan


Moderator
Moderator

PAN ASIA BANK HAS BEEN RECOGNIZED BY GLOBAL BANKING & FINANCE REVIEW FOR 3rd CONSECUTIVE YEAR AS THE FASTEST GROWING COMMERCIAL BANK IN SRI LANKA.

http://editorial.ft.lk/2016/10/14/pan-asia-bank-fastest-growing-commercial-bank-in-sri-lanka/

FUNDAMENTALS:


02nd qtr 2016 eps  4/10 (more than 400% compared to previous year 02nd qtr & exceeded the whole year profit for 2015)


EPS (last 04qtrs) 7/13


PE 3.4


Foreign ownership 20%


THE BANKING SECTOR JUGGERNAUT HAS HUGE GROWTH POTENTIAL AND AN HEAVILY UNDERVALUED BANKING SECTOR SHARE AT THE CSE.

samaritan


Moderator
Moderator

Why get caught to craps, when there are good shares with strong fundamentals in the market. Wish to have more discussion on the intrinsic value of PABC.

soileconomy


Vice President - Equity Analytics
Vice President - Equity Analytics

Very good to buy even at current market price if you look at mid to long term investment.

Chinwi


Associate Director - Equity Analytics
Associate Director - Equity Analytics

කවුදෝ බුද්ධිමතෙක් රතු පොලු දාල​.
පොලු දාගත්ත අය PABC ගන්න එපා. තියෙන ඒවත් විකුණන්න​.
තව වසර කිහිපයකින් පොල්ල රතුද කොලද කියල බලන්න​.


(මම සම්පත් බැංකුව 10 ට ගත්තේ මේ වගේ වෙලාවක​.
සම්පත් 8/- ට නිකුත් කරල වසරකින් 22/- ට ගියා.  ඉන් පස්සේ 1:1 rights දුන්නා 10/- ගානෙ.  මාකට එකේ SAMP 10 ට බැස්ස​.  මිනිස්සු බැන බැන යනව​. රයිට් සත 10-20 ට සේල් ගියා.
මම රයිට් ගත්ත සත 10 ගානෙ. එවිට මුළු වියදම 10.10 යි.
මාස 6-7ක් යන්න ඇති SAMP  65/- ට ගියා. නැවත කිසිද්නක පරන ගනන් වලට ​ආපසු බැස්සෙ නෑ.)

samaritan


Moderator
Moderator

An update on the fundamentals for FY2016:


EPS (Qtrs 1-4) = Rs 7/72


NAV = 23/29


CMP = 16/70


PE = 2.16

It appears someone is profusely bleeding from piles.PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 2 Icon_biggrin

stockback


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

samaritan wrote:An update on the fundamentals for FY2016:


EPS (Qtrs 1-4) = Rs 7/72


NAV = 23/29


CMP = 16/70


PE = 2.16

It appears someone is profusely bleeding from piles.PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 2 Icon_biggrin


poli anumapathe ihala gihin Market eka kada watunoth eka hama share ekatama balapanawa.....

dennam jambu


Senior Equity Analytic
Senior Equity Analytic

according to income statement eps for the year 2016 is rs 4.24. not 7.72

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Post rights issue EPS is 2.82.

They have to have another capital increase next year, actually end of this year to comply with capital adequate levels asked by CBSL.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Chinwi wrote:Post rights issue  EPS is  2.82.

They have to have another capital increase next year,  actually end of this year to comply with capital adequate levels  asked by CBSL.
 
Should it get adjusted according to the investment of rights issue money ?

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

at present value it looks good ! sector undervalued as well !

Yahapalanaya

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

This is good share exept current DP phobia.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

If Ravi phobia is removed not only pan asia but also most of banking shares and all the other shares will perform .

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Top 5 shareholders are shaking the list

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Any news about the bank? Good stock to buy or what?

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator

wallstreetguy wrote:Any news about the bank? Good stock to buy or what?
http://bizenglish.adaderana.lk/pan-asia-banks-suspension-as-primary-dealer-extended-3/

samaritan


Moderator
Moderator

As stated in the news suspension does not affect other activities of the Bank. What will be future prospects after change of regime?????

hasitha@CSE

hasitha@CSE
Equity Analytic
Equity Analytic

Miss-Sangeetha wrote:
wallstreetguy wrote:Any news about the bank? Good stock to buy or what?
http://bizenglish.adaderana.lk/pan-asia-banks-suspension-as-primary-dealer-extended-3/
it happen 1 year a go also. https://cdn.cse.lk/cmt/uploadAnnounceFiles/591534327785_388.pdf

Rare


Senior Equity Analytic
Senior Equity Analytic

Hi Friends - just signed in. Will the bond suspension affect share prices?

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

This suspension is in place for sometime. Dont know when they will slap a fine and how much.
I think the market has already taken those details into consideration.

samaritan


Moderator
Moderator

According to what i know its difficult to prove any wrong doing by the bank.

KavinduTM

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

PABC ban was extended in 2019 august 15 for another 6 months.

Today onwards, they are free Smile 

I don't think it will be extended again. Last gov dumbly banned them for a transaction with perpetual treasuries.

KavinduTM

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

KavinduTM wrote:PABC ban was extended in 2019 august 15 for another 6 months.

Today onwards, they are free Smile 

I don't think it will be extended again. Last gov dumbly banned them for a transaction with perpetual treasuries.

That ban was about primary bond dealings.

PABC was one victim of RW's private revenge list.

Teller

Teller
Moderator
Moderator

PABC act like a baby in the bond scam. We should give them a life time punishment. There reputation /goodwill gone.

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

what is PABC role in bond scam??

KavinduTM

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

PABC @12. Worthy price to enter.

ThilinaM

ThilinaM
Vice President - Equity Analytics
Vice President - Equity Analytics

wrong PAB will require more capital. right issue should come soon. in right issue the price will be below 10rs. other wise they cant collect funds.

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics

@ThilinaM . Do you know, how to calculate Basel III requirement? If you know please explain to us

KavinduTM

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

Minimum requirement before end of 2020 is 20bn bank capital.
Current Bank capital for 2019 3Q was 13bn. And they started to perform well in mid of 2019.

Liabilities are to be decreased.

Can't say about right issue till the 2019 4Q IR. Hope they won't issue rights. 10/= per share is too low. I think  they will issue rights for more than 15/= when the share is trading @18 levels in 2021.

However i don't have much knowledge about that. Correct me if i'm wrong.

KavinduTM

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

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)

KavinduTM

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

😒😒😒😒😒

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