PAN ASIA BANKING CORPORATION PLC (PABC.N0000)

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).

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?

KavinduTM wrote:Sooner the price will be adjusted to its true value.

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+

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

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%

KavinduTM wrote:

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.

Eranga87 wrote:

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.

Kipling wrote:Samaritan 
I read in other forum that September dull & red plus market drop after get 5400. After listen GR speech & plans ASPI should boom to 6000 in September. Please tell us the reality as your always do thank you.

samaritan wrote:

Kipling wrote:Samaritan 
I read in other forum that September dull & red plus market drop after get 5400. After listen GR speech & plans ASPI should boom to 6000 in September. Please tell us the reality as your always do thank you.

In reality what we can see is that Covid19 has weakened the West and has created opportunities to Asian countries including ours.

The Quarter ended in June is the 'Covid Quarter' where businesses went thro' a period of turbulence.

What matters right now is the prospects for the future. In my opinion future looks good with the appropriate measures taken by the Govt in order to revive the economy and give a boost to the corporate sector. Tourism sector too will thrive once covid precautionary measures are put in place and airports & ports are open for tourists.

ASPI to reach 6000 in the near future is possible.

samaritan wrote:If Seylan is a bank with a Heart, Pan Asia is a bank with a backbone. They took adversity in their stride and recorded impressive performance as a truly sri Lankan bank.

Should reach 20+ in the near future.

soileconomy wrote:

samaritan wrote:If Seylan is a bank with a Heart, Pan Asia is a bank with a backbone. They took adversity in their stride and recorded impressive performance as a truly sri Lankan bank.

Should reach 20+ in the near future.

If they start to declare dividend  (once declared it will be continued I expect) this will be above 20's

dayandacool wrote:

soileconomy wrote:

samaritan wrote:If Seylan is a bank with a Heart, Pan Asia is a bank with a backbone. They took adversity in their stride and recorded impressive performance as a truly sri Lankan bank.

Should reach 20+ in the near future.

If they start to declare dividend  (once declared it will be continued I expect) this will be above 20's

As far as I know, Banking institutes can't declare dividends for current financial year till 31st of December as per government's directive.

KavinduTM wrote:No doubt this is a nice share. But i expect a price decrease tomorrow. I'm gonna try acting on that wave.

70% chance for a price drop. Traders can use that opportunity as we truly know it will bounce back asap.

• 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.
  
  

samaritan wrote:

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.