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

PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

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ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@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.


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/

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@glad wrote:Take into consideration that a fine is due (re bond scam) when you make your decision
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.

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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.

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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.
I am seeing this as a good opportunity.

KavinduTM


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
 PABC is leading by having highest ROE in Banking sector.


 PABC - Return on Equity -   14.50%
 NDB -   Return on Equity   -     13.73%
 COMB - Return on Equity   -     12.12%
 SAMP - Return on Equity   -      11.78%
 NTB -  Return on Equity    -      11.27%
 HDFC- Return on Equity    -      10.11% 
 SEYB - Return on Equity   -        9.30%
 HNB -  Return on Equity   -        9.06%
  DFCC - Return on Equity   -       4.80%
 ABL -   Return on Equity   -        4.70%
 UBC -  Return on Equity    -       4.18%
 SDB -  Return on Equity    -       1.72%

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Your point is taken.Investors who opt for banking sector shares expects dividend.so definatly PABC ,ABL are bottom of the list if dividend calculations are taken.Current price is attractive for me for decent capita gain

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@soileconomy wrote:Your point is taken.Investors who opt for banking sector shares expects dividend.so definatly PABC ,ABL are bottom of the list if dividend calculations are taken.Current price is attractive for me for decent capita gain

Yeah no dividends is a problem. However i think they will start to pay dividends as they are performing their best now.

Yeah. This price is so good to enter.

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
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, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions. Meanwhile, the Bank’s operating profit before all taxes for the quarter increased by 78% reflecting strong growth in core banking activities and robust efforts in credit quality management.

https://www.lankabusinessonline.com/pan-asia-bank-records-its-best-ever-financial-results/

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Thushara Ayya wrote: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, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions. Meanwhile, the Bank’s operating profit before all taxes for the quarter increased by 78% reflecting strong growth in core banking activities and robust efforts in credit quality management.

https://www.lankabusinessonline.com/pan-asia-bank-records-its-best-ever-financial-results/

Best share on my view.

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@Kavindu, why don't you think this kind of good share why it's not trading? there is something rit?

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ColomboCSE wrote:@Kavindu, why don't you think this kind of good share why it's not trading? there is something rit?

I was recommending this since jan. But i told this is the best share after IR released. And since IR released, it is trading well.

Watch it run Smile

GOSL

GOSL
Equity Analytic
Equity Analytic
@KavinduTM wrote:
@ColomboCSE wrote:@Kavindu, why don't you think this kind of good share why it's not trading? there is something rit?

I was recommending this since jan. But i told this is the best share after IR released. And since IR released, it is trading well.

Watch it run Smile

They are not comply with tier 1 capital requirement, they will go for a RI.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@GOSL wrote:
They are not comply with tier 1 capital requirement, they will go for a RI.

Common Equity Tier 1 Capital Ratio (Minimum Requirement -7%) - 12.87%

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
No right issue fear. Collect freely men. This is the best.

samaritan


Moderator
Moderator
PABC - A BANK WITH A VALUE

The bank has recorded an impressive EPS of 5/83 for the Year 2019 with a NAV of 31/=. Foreign ownership of 20% did not witness any dip even at the height of Covid outbreak.

Trading at 11/= with the potential of substantial price appreciation even at a modest P/E of around 6 should fetch around 25/= (allowing for covid quarter drop in profit).


_________________




The biggest risk in life is not taking any risk at all.

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Most of the times, PABC no dividend declared. better to move SAMP or NDB.

wallstreetguy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:PABC - A BANK WITH A VALUE

The bank has recorded an impressive EPS of 5/83 for the Year 2019 with a NAV of 31/=. Foreign ownership of 20% did not witness any dip even at the height of Covid outbreak.

Trading at 11/= with the potential of substantial price appreciation even at a modest P/E of around 6 should fetch around 25/= (allowing for covid quarter drop in profit).
@samaritan It dipped to 6 during corona outbreak.

Are we seeing the exact charts?

samaritan


Moderator
Moderator
@wallstreetguy wrote:
@samaritan wrote:PABC - A BANK WITH A VALUE

The bank has recorded an impressive EPS of 5/83 for the Year 2019 with a NAV of 31/=. Foreign ownership of 20% did not witness any dip even at the height of Covid outbreak.

Trading at 11/= with the potential of substantial price appreciation even at a modest P/E of around 6 should fetch around 25/= (allowing for covid quarter drop in profit).
@samaritan It dipped to 6 during corona outbreak.

Are we seeing the exact charts?
"Foreign ownership of 20% did not witness any dip even at the height of Covid outbreak.'


What i meant is that there was no dip in foreign ownership.
Hope its clear!


_________________




The biggest risk in life is not taking any risk at all.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sooner the price will be adjusted to its true value.

SUSPENS

SUSPENS
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
PABC disaster...... Not only share bank also in trouble...
NPA , bottom line suffered lot at the current market situation...
One of the main bank which effected covid 19 badly.....

Eng Krishantha

Eng Krishantha
Expert
Expert
@KavinduTM wrote:Sooner the price will be adjusted to its true value.
Hello Kavindu,
How are you, Hope everything well.

I am interesting PABC too, hope it will hit initially 14.50+

Kipling


Expert
Expert
Wellcome Kavindu. Great to see your return. Please give an update on ASPI for next week. Thanks in advance.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Eng Krishantha wrote:
@KavinduTM wrote:Sooner the price will be adjusted to its true value.
Hello Kavindu,
How are you, Hope everything well.

I am interesting PABC too, hope it will hit initially 14.50+

Hello Krishantha,
Yeah everything is fine. Thanks for asking.What about you?

Yes this share deserve 15+ levels. 20+ levels for sure if they start to pay dividends.

Eng Krishantha likes this post

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kipling wrote:Wellcome Kavindu. Great to see your return. Please give an update on ASPI for next week. Thanks in advance.
Hey friend it's nice to see you. Sorry bruh i haven't analysed ASPI yet, just because it is so much time consuming. As you know AL's will held on october.

I barely in touch with stocks these days.

However i'll be a full time trader after AL's :>

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@KavinduTM wrote: PABC is leading by having highest ROE in Banking sector.


 PABC - Return on Equity -   14.50%
 NDB -   Return on Equity   -     13.73%
 COMB - Return on Equity   -     12.12%
 SAMP - Return on Equity   -      11.78%
 NTB -  Return on Equity    -      11.27%
 HDFC- Return on Equity    -      10.11% 
 SEYB - Return on Equity   -        9.30%
 HNB -  Return on Equity   -        9.06%
  DFCC - Return on Equity   -       4.80%
 ABL -   Return on Equity   -        4.70%
 UBC -  Return on Equity    -       4.18%
 SDB -  Return on Equity    -       1.72%

PABC never declared dividend income to equity holders unless they earned the highest ROE. How can you recommend PABC N  new investors.another one, PABC's primary dealer license still suspended since 2017. In the future, maybe charged the highest penalty related to PABC transaction with perpetual treasuries pvt ltd. now, 3 years past, But still primary dealership was canceled.
why new & existing shareholders take high risk. Did you get extra compensation for that? at least, they unable to pay dividends also.

Better move to  NDB or SAMP. They paid highest dividend income and also easily can earn capital gain also.  I don't want to promote any bank. at least sort out the legal matter, better move other banks.

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