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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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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


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

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


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


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

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Quibit Good job moving that topic here.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@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)

No need to care about it as PABC was banned for this case since 2017. And extending for 6 months. Then again.

Currently some issues in PABC but it is actually valuable @12/= We can decide to hold or not after the 2019 4Q reports.

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@KavinduTM wrote:@Quibit Good job moving that topic here.
I see you always do that. That's really helpful. Specially when @ThilinaM creating hundreds of topics for the same thing 😂

KavinduTM

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

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Take into consideration that a fine is due (re bond scam) when you make your decision

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

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

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

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

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.....

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