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PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 Vote_lcap68%PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

+39
EPS
Walbaba
කාලි
Jana
wealth123
Vishwanarth
High-flyer
DamithAsian
dayandacool
Win Win
Kipling
Eng Krishantha
SUSPENS
Eranga87
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Thushara Ayya
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soileconomy
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43 posters

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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

Jana

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

Any changes will come on the PABC price after this news??

Dhammika Perera’s PABC puts Japan-based fund in limbo; Risks estranging Japan-SL ties
By Staff Writer - February 10, 2021 11:03 am 1535 0

Japan based Fund, 4th largest depositor Bank in limbo due to Chief Executive and Board decision on waiving off Rs. 1.37 Billion security that is yet to mature in 7 years

Hot on the heels of Sri Lanka’s government trying hard to raise Foreign Direct Investments from abroad, revelations have come to light that Sri Lanka’s single largest monopolistic Casino Mogul billionaire Kulappurarachchige Don Dhammika Perera controlled licensed commercial bank – Pan Asia Bank PLC is in a move to waive off a security deposit of Asia’s most developed nation Japan based investor, amounting to Rs. 1.37 billion, which has 7 more years to mature.

In a letter dated 8th February 2021, sent to PABC’s Chairman G.A.R. Dimuth Prasanna which has also been copied to Prime Minister Mahinda Rajapaksa (Ministry of Finance) and Sri Lanka’s financial regulator – the Central Bank of Sri Lanka, Japan-based fund and Investor – Wan Hang Funds Development Ltd (WHFD) notes that being the fourth largest depositor in PABC, approximately 1.08 billion Japanese Yen (JPY) was brought in as Foreign Direct Investment to Sri Lanka’s banking system through PABC from March to December 2017.



This had occurred during a time when the bank was facing capital constraints according to WHFD.

Then almost all brought in JPY by WHFD to the tune of 1 billion were converted to Sri Lanka Rupees (LKR) at prevailing exchange rates during the time.

Thereafter (WHFD) had created a time deposit denominated in LKR amounting to Rs. 1.37 billion, maturing in September 2028, at an annual interest rate of 9.75%, paid on monthly interest.

WHFD then had used this LKR-denominated time deposit as collateral and borrowed Japanese Yen worth 80% of it amounting to JPY 822.1 million.

However, by January 2021 the value of LKR has declined against JPY, so the collateral strength of LKR-denominated time deposits as collateral has declined, in which loan balance has exceeded the collateral value by 12%.

However, WHFD claims that it has received a notice from PABC’s local management if the WHFD does not provide additional collateral that by 10th February 2021, the said facility would be terminated.

Further the letter notes that PABC on the contrary have frozen WHFD’s monthly interest payment account.

On the other hand, according to the letter, WHFD had maintained a track record of making interest payments without delay for the loan facility in accordance with the loan agreement making the said JPY loan a Performing Loan in PABC’s lending portfolio.

The letter further goes into explain that WHFD would ensure that as per their agreed plan, steps are underway to deposit Rs. 2 Billion worth of JPY in the bank every year, providing further capital strength to PABC Bank.

“We would like to confirm that amidst a global pandemic that restrict global trade and travel, although we have proper plan in place to provide additional collateral, we require some considerable time to bring in the relevant tranches” WHFD management stresses out in the letter to PABC.

“We would like to further state that amidst these difficult times due to Pandemic, that restrict global investors to transfer funds in cross boarder payments, at large over Rs. 40 billion realized Foreign Direct Investments with Japanese investor confidence in Sri Lanka will be affected if this WHFD’s confidence placed in PABC is affected due to any unwise decision taken by the bank’s local management, that might further affect to Financial System Stability of Sri Lanka” WHFD points out in the letter.

The letter further highlights that Japan to date is the most developed nation in Asia and has been a strong supporter of Sri Lanka.

“In fact, Japan has been the largest financial donor to Sri Lanka and a big investor apart from being an important source market for Sri Lanka Tourism over the years” the letter points out adding that in such background WHFD would like to ask for the cooperation and guidance of the bank and relevant authorities in Sri Lanka to provide them with an amicable solution considering their investment portfolio and confidence placed in the bank and the banking and financial system in Sri Lanka, apart from WHFD being the largest conglomerate with a reputation in Japan.



A 29.99% stake of PABC is personally owned by Billionaire Dhammika Perera whilst his brother K.D.H. Perera also owns 5.27%.

The second largest shareholder of the PABC bank is Japan based Bansei Securities with a 15% stake.

As per the latest statistics released by 30th September 2020, PABC has 3.6 billion State Capital represented by little over 442.5 million voting shares.

In Sri Lanka’s financial landscape Dhammika Perera controls 2 licensed commercial banks namely Sampath Bank and PABC Bank, along with 4 finance companies named LB Finance, Vallibel Finance, Siyapatha Finance, Singer Finance through his direct and indirect shareholding companies and Sri Lanka’s oldest two conglomerates Singer PLC and Hayleys PLC.

The above banking and finance companies collectively have over Rs. 1,162.7 billion or Rs. 1.1 trillion worth of public depositors’ funds or nearly 6.6% value of Sri Lanka’s Gross Domestic Product (GDP), in which Sampath Banks has Rs. 845 billion, PABC Bank has Rs. 173.6 billion, LB Finance has Rs. 88.3 billion, Vallibel Finance has Rs. 30 billion, Siyapatha Finance has Rs. 16.9 billion and Singer Finance has Rs. 9.5 billion worth of public deposits respectively.

Dhammika Perera and his consortium of companies and relatives control Sri Lanka’s third largest licensed commercial bank – Sampath Bank PLC with a 14.95% stake being the largest shareholder via his Vallibel One PLC, and LB Finance PLC with over 77% stake, Vallibel Finance with over 77% stake, Siyaptha Finance being 100% owned by Sampath Bank and Singer Finance being 79.93% being owned by Singer Sri Lanka PLC which is owned by Perera controlled Hayleys group.

Recently in January 2021, Dhammika Perera also announced a massive share split of 17 companies he owns that is listed in Colombo Stock Exchange after over 10-15 years of acquisitions he made with his investments.

https://newshub.lk/en/2021/02/10/dhammika-pereras-pabc-puts-japan-based-fund-in-limbo-risks-estranging-japan-sl-ties/

Walbaba


Stock Analytic
Stock Analytic

Pan asia problem wage neda? Out wennada?

PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 482f4010
PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 E6e61310
PAN ASIA BANKING CORPORATION PLC (PABC.N0000) - Page 5 Ce82aa10

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Ha ha..All Banks have such small issues.
Collectors take these opportunities, See PABC Price will pass 23.00 Soon with a Super 1st Qtr result.
Can expect 1.50+ EPS for the Qtr & 6.00+ for the Year 2021.

Hitazz likes this post

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics

https://cdn.cse.lk/cmt/upload_report_file/388_1620032618237.PDF

- Pan Asia Bank Records Best-Ever Q1 results in Challenging Times - Profit
After Tax soars by 81% to post Rs. 750 Mn.

Hitazz likes this post

Jana

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

@High-flyer wrote:https://cdn.cse.lk/cmt/upload_report_file/388_1620032618237.PDF

- Pan Asia Bank Records Best-Ever Q1 results in Challenging Times - Profit
After Tax soars by 81% to post Rs. 750 Mn.

PABC NAV is 36.58 . PABC need to go beyond 20/= soon and easy to go 30/=

PABC is DD perera Stock So it will



cseguide and RJ1010 like this post

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