FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Price Movement in Brent Co., WTI Co., and CEYPETCO Price Revisions Since Hamas' Attack on Israel in October 2023
by sheildskye Today at 6:19 am

» WATA; MELS; LLUB; RCL- DIVIDEND SEASON
by sheildskye Today at 6:04 am

» NDB Wealth buys more into Access Engineering; foreign investor Tundra exits
by Dasun Maduwantha Sun Oct 13, 2024 12:57 pm

» Access to invest in agri and livestock
by rajithasahan Sun Oct 13, 2024 12:00 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by Shiranli Sat Oct 12, 2024 11:48 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Fri Oct 11, 2024 10:54 pm

» Stocks on the Radar at CSE
by Biggy Fri Oct 11, 2024 11:37 am

» Construction Giant's IPO - Access Engineering
by Nandana Withanage Thu Oct 10, 2024 1:12 am

» Global Rice prices drops
by Rare Sun Oct 06, 2024 3:19 am

» Post-election winners.
by Rare Thu Oct 03, 2024 1:01 pm

» ACCESS Engineering,my target Rs. 26/-
by shiraz latiff Thu Oct 03, 2024 12:41 pm

» Access Engineering awarded two more contract packages at Colombo Port
by shiraz latiff Thu Oct 03, 2024 12:39 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by nilantha suranga Thu Oct 03, 2024 12:36 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by Anushka Perz Wed Oct 02, 2024 10:33 am

» History Repeat Access Engineering PLC
by sakuni Wed Oct 02, 2024 10:31 am

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Mon Sep 30, 2024 1:29 pm

» Sri Lanka: Light Rail Transport (LRT) at what opportunity cost?
by God Father Mon Sep 30, 2024 7:52 am

» Sri Lankan companies with small market cap
by Rare Sat Sep 28, 2024 4:41 am

» Large cap Sri Lankan companies
by Rare Sat Sep 28, 2024 4:36 am

» Gold, copper, iron and aluminum no more bargain
by Rare Sat Sep 28, 2024 4:25 am

» Reinstatement of SLT-Mobitel's ETA System for Streamlined Visa Processing
by pramu perera Fri Sep 27, 2024 8:49 pm

» Oil prices fall further
by Rare Fri Sep 27, 2024 12:20 pm

» Sri Lanka rupee closes at 275/290 to the US dollar
by Rare Thu Sep 26, 2024 11:58 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

+41
SAGA
cseguide
EPS
Walbaba
කාලි
Jana
wealth123
Vishwanarth
High-flyer
DamithAsian
dayandacool
Win Win
Kipling
Eng Krishantha
SUSPENS
Eranga87
GOSL
Thushara Ayya
KavinduTM
soileconomy
ColomboCSE
glad
kasun_gimhana
ThilinaM
Teller
Rare
hasitha@CSE
Miss-Sangeetha
wallstreetguy
Yahapalanaya
dennam jambu
stockback
Chinwi
samaritan
piras
EquityChamp
kash1989
anges
fireshelter
Ernie Tissera
kuma524
45 posters

Go to page : Previous  1, 2, 3, 4, 5, 6  Next

Go down  Message [Page 3 of 6]

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
Senior Vice President - Equity Analytics
Senior 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
Moderator
Moderator

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


Senior Equity Analytic
Senior 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).

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!

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.....

Sponsored content



Back to top  Message [Page 3 of 6]

Go to page : Previous  1, 2, 3, 4, 5, 6  Next

Permissions in this forum:
You cannot reply to topics in this forum