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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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DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
Banks??
A director has sold her shares yesterday - Comb

samaritan


Moderator
Moderator
PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 33wCGHd6wG7GQlF32rMGarG5Y5U8hLFl


Pan Asia Bank records best ever 9-month results in challenging times.

  • Profit-before-tax soars by 47% to reach Rs. 1.86 b

  • Profit-after-tax reaches Rs. 1.25 billion, up by 22%

  • Net interest income up by 17%, despite taking the full day-one loss from loan moratorium

  • Operating profits up by 19%, owing to excellent core banking performance and improved efficiencies 

  • Advance Book grows by 9% amidst challenging conditions

  • Customer deposits increases by 12% to reach Rs. 137 billion 

  • CASA base soars by 56%, CASA ratio improves by 650 bps.  

  • Net non-performing advances ratio improves from 2.82% to 2.20%

  • Builds additional provision buffers to cope up with potential impact of COVID 19

  • Solid key profitability indicators– NIM improves to 4.42%, 

  • Pre-tax ROA - 1.51% and ROE - 11.95% are among the industry best.


http://www.ft.lk/financial-services/Pan-Asia-Bank-records-best-ever-9-month-results-in-challenging-times/42-709626


In my opinion 20+ in near future based on strong fundamentals.

Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics
@samaritan wrote:
PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 33wCGHd6wG7GQlF32rMGarG5Y5U8hLFl


Pan Asia Bank records best ever 9-month results in challenging times.

  • Profit-before-tax soars by 47% to reach Rs. 1.86 b

  • Profit-after-tax reaches Rs. 1.25 billion, up by 22%

  • Net interest income up by 17%, despite taking the full day-one loss from loan moratorium

  • Operating profits up by 19%, owing to excellent core banking performance and improved efficiencies 

  • Advance Book grows by 9% amidst challenging conditions

  • Customer deposits increases by 12% to reach Rs. 137 billion 

  • CASA base soars by 56%, CASA ratio improves by 650 bps.  

  • Net non-performing advances ratio improves from 2.82% to 2.20%

  • Builds additional provision buffers to cope up with potential impact of COVID 19

  • Solid key profitability indicators– NIM improves to 4.42%, 

  • Pre-tax ROA - 1.51% and ROE - 11.95% are among the industry best.


http://www.ft.lk/financial-services/Pan-Asia-Bank-records-best-ever-9-month-results-in-challenging-times/42-709626


In my opinion 20+ in near future based on strong fundamentals.

Agree with you, this week pass 14+

wealth123 and judecroos like this post

Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics
God gave us another chance to get @ 14 today. What a nice counter. The people who could not enter they can get tomorrow morning too.

samaritan, wealth123 and RJ1010 like this post

Thushara Ayya


Vice President - Equity Analytics
Vice President - Equity Analytics
Last 4/5 days massive collection... PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 Captur13

samaritan


Moderator
Moderator
Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.


_________________




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

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.
Any idea re dead line date? Remember sometime back there strong rumors about mergers of Banks/Finance cos.

samaritan


Moderator
Moderator
@glad wrote:
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.
Any idea re dead line date? Remember sometime back there strong rumors about mergers of Banks/Finance cos.
Earlier i remember that it was end of December'20 for NBFIs. But both sectors (Banks & Finance Companies) to be completed in 2021 according to CB announcement recently.


_________________




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

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@samaritan wrote:
@glad wrote:
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.
Any idea re dead line date? Remember sometime back there strong rumors about mergers of Banks/Finance cos.
Earlier i remember that it was end of December'20 for NBFIs. But both sectors (Banks & Finance Companies) to be completed in 2021 according to CB announcement recently.
Thanks

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@glad wrote:
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.
Any idea re dead line date? Remember sometime back there strong rumors about mergers of Banks/Finance cos.

State Mortgage & HDFC
PLC & PB  documentation and HR planning under way.
They target end of March. I think they will issue text soon but initiation will take place around June.

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
Really hot today  sunny

PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 Tl1CBkIneAYUGod0cAjAyOnz66XZVgYleXxPQK3EDnem+pXL09FpBpkNYfJ6leBdXa9Xn5Z55b61eqwG+f6Ro55RAg4zmEb7oZOUMbKQKXoOxe07ScGx05Hw0bDasCOnyO5LHKr3xcNn0V+ujzf+eRw9NezSFdPcbrIUUDZ0HllMPP56cGBq5eLThVAFezz+hi4Z3mn8ot75lFkrXD0b6DqNUbAMbVv1PI8tivqBJituAb+f26sLeVHo71RAAAAAElFTkSuQmCC

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
As i said last few days.... TWO Ps..
PABC
PLC flying

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.

Is this the Reason?

SAMP 10% Up
PABC 25% up


Anyway ANC was pretty much support Consolidation. He even worked on DFCC & NDB merger when he was Governor.

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@High-flyer wrote:
@samaritan wrote:Banking sector consolidation is on the cards in 2021. Will not rule out a merger with Sampath owing to DP factor.

Is this the Reason?

SAMP 10% Up
PABC 25% up

PABC can touch its NAV of 34.00 Easily.


Anyway ANC was pretty much support Consolidation. He even worked on DFCC & NDB merger when he was Governor.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Technically and fundamentally sound at current market price

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Read fresh guideline of CB..
Investors need dividends...
https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-for-banks

glad likes this post

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Vishwanarth wrote:Read fresh guideline of CB..
Investors need dividends...
https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-for-banks

Good for Banking shares.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
PABC has not given dividends in recent past.
In my view it is moving not expecting it ,but triggering other facts

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Vishwanarth wrote:Read fresh guideline of CB..
Investors need dividends...
https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-for-banks
No cash dividends announcements till 31 March 2021?

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@glad wrote:
@Vishwanarth wrote:Read fresh guideline of CB..
Investors need dividends...
https://www.cbsl.gov.lk/en/laws/directions-circulars-guidelines-for-banks
No cash dividends announcements till 31 March 2021?

Doesn't matter for PABC. They are not Dividend counter.

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@High-flyer wrote:
Doesn't matter for PABC. They are not Dividend counter.

yes ..but now the trend is different ..PABC is DD perera Stock..

Today first time PABC no sellers @ 22.50

Now they are expecting it will reach its Book value 33/=

VONE already went more than book value anyhow we can't compare PABC with VONE .. but similarities are DD stock

sanjulanka likes this post

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics

samaritan,







What will happen to PABC next week ?

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Thushara Ayya wrote:

samaritan,




What will happen to PABC next week ?

Everyone expecting PABC to go beyond its Book value of 33/=  (short term  profit 33% to 40%)

Last Friday
11.8Mnshares traded between 19/= to Rs22.50
3.5Mn crossing @19.50/=
3.4Mn shares traded over Rs22.30


So its a good sign to go up

next week it can pass 25/=

Brokers start to recommend this stock so more buyers will come

Thushara Ayya and sanjulanka like this post

samaritan


Moderator
Moderator
@Thushara Ayya wrote:

samaritan,









What will happen to PABC next week ?
Will pass 30 level in the near future.


_________________




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

කාලි

කාලි
Equity Analytic
Equity Analytic
I think price will come back to 13.00 again....🤔

stockchaser likes this post

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