PMT Forum
How do you want to make money today?

PSE Stock: PHILIPPINE NATIONAL BANK (PNB)

FutureGizmo · 18 · 8508

FutureGizmo

  • Admin
  • *
    • Posts: 5,077
    • Likes Received: +5/-0
on: Jun 10, 2009, 09:24 AM
Discuss this stock here.

PHILIPPINE NATIONAL BANK (PNB)

Philippine National Bank (PNB) was incorporated on July 22, 1916 to engage in the general commercial banking business. PNB also served as the Philippines' de facto central bank until 1949 when the Central Bank of the Philippines was created.

PNB provides a full range of banking and other financial services to corporate, middle-market, small-medium enterprises and retail customers, as well as the national government, local government units and government-owned and controlled corporations. PNB's principal commercial banking activities include deposit-taking, lending, trade financing, bills discounting, fund transfers/remittance servicing, treasury operations, and comprehensive trust and retail banking services.

PNB, through its subsidiaries and associates, also engages in a number of diversified financial and related businesses such as remittance servicing, non-life and life insurance, merchant banking, stock brokerage, foreign exchange trading, leasing, and other related services. The company's subsidiaries include PNB Capital and Investment Corporation, PNB Forex, Inc., PNB Holdings Corporation, PNB Securities, Inc., Omicron Asset Portfolio (SPV-AMC) Inc, PNB International Investment Corporation and PNB Global Filipino Remittance Spain among others.
« Last Edit: Jul 13, 2012, 02:31 PM by FutureGizmo »


bettingstation

  • Forum Tambay 200
  • ***
    • Posts: 295
    • Likes Received: +0/-0
Reply #1 on: Jun 11, 2009, 03:09 PM
pnb ok yan nagmerge na sila ng allied bank... still growing... smoothly...


mark0205

  • Newbie
  • *
    • Posts: 8
    • Likes Received: +0/-0
Reply #2 on: Jun 16, 2009, 04:18 AM
huh? nagmerge na ba ang pnb sa allied? di ba napostpone yun?


bonmarche

  • Probie
  • **
    • Posts: 14
    • Likes Received: +0/-0
Reply #3 on: Aug 02, 2009, 05:24 PM
Why do I like PNB?  The best reason is its very low price to book ratio which I estimate to be below 0.5 which means the market price is less than half of what it is worth.  The merged PNB Allied combined will have around 600 branches. At an average of Php 25 million value per branch, PNB should have market cap of at least Php 15 Billion instead of the present Php 14 billion.  But there is more than that, earnings are starting to rise and NPLs have dropped significantly.  In my view, PNB should be merger target because it has such a large franchise and it is so cheap.  Someone who has the gall to talk to Lucio Tan and has the money should offer at least 30 pesos per share.
For more of my other thoughts, you can go to http://guscosio.wordpress.com  


bauer

  • VIP 4500
  • *****
    • Posts: 4,857
    • Likes Received: +12/-0
Reply #4 on: Aug 03, 2009, 04:41 PM
 

huh? nagmerge na ba ang pnb sa allied? di ba napostpone yun?


i think your right hindi pa sila formally merge due to a problem sa isang US bank na kailangan muna ma dispose to comply with US regulator requirement


SirZap

  • Forum Champion 800
  • ****
    • Posts: 854
    • Likes Received: +0/-0
Reply #5 on: Aug 03, 2009, 11:41 PM
nung bumaba ng under 10 petots gusto ko nang bumili kaso wala akong pera that time  :censored:


Ping

  • VIP 3500
  • *****
    • Posts: 3,670
    • Likes Received: +0/-0
Reply #6 on: Aug 12, 2009, 07:30 AM
Is PNB still a good buy?

How about BDO, compared to PNB?


Anyone?



 :help:


bonmarche

  • Probie
  • **
    • Posts: 14
    • Likes Received: +0/-0
Reply #7 on: Aug 14, 2009, 09:11 AM

Is PNB still a good buy?

How about BDO, compared to PNB?


Anyone?



 :help:
BDO is very expensive compared to PNB.  BDO is around 2X price to book.  Notice how it cannot track the price movement of its peers - MBT and BPI.  for more of ideas please see http://guscosio.wordpress.com


AbysmalSpecter

  • Forum Champion 800
  • ****
    • Posts: 815
    • Likes Received: +0/-0
Reply #8 on: Aug 14, 2009, 09:35 AM

Is PNB still a good buy?


It depends on how the market will receive it's merger with Allied Bank.  Not all mergers result to uptick.  CHIB failed to excite investors when it merged with Manila Bank.


bonmarche

  • Probie
  • **
    • Posts: 14
    • Likes Received: +0/-0
Reply #9 on: Jan 08, 2010, 10:46 AM
for those who follow PNB, we broke out of the 24.50 resistance today.  there are indications of a fresh wave of buying.
http://guscosio.wordpress.com
Posted on: Aug 28, 2009, 02:27 PM
looks like poeple have lost intetrest in PNB. Too bad because with a little patience, good money could be made.


lytman02

  • Forum Tambay 100
  • ***
    • Posts: 144
    • Likes Received: +0/-0
Reply #10 on: Jul 02, 2011, 11:37 AM
Philippine National Bank (PNB) To Make Some Noise?

Rumors of a possible merger by Lucio Tan-led Philippine National Bank (PNB) and Allied Bank once created market interest in the stock, causing it to reach a high of PHP 68.60 from just around PHP 50.00...

http://www.laidtrades.com/2011/07/02/philippine-national-bank-pnb-to-make-some-noise/


GIG

  • PMT Idol 1000
  • ****
    • Posts: 1,359
    • Likes Received: +7/-0
Reply #11 on: Dec 17, 2011, 10:23 AM
merger details at manila bulletin article today. Price at P70 pnb shares! Wow!


chmen

  • Senior Member
  • **
    • Posts: 84
    • Likes Received: +0/-0
Reply #12 on: Dec 17, 2011, 11:52 AM
^ does this meas a buy for PNB? closing price friday is at 52


vgal0579

  • Forum Champion 800
  • ****
    • Posts: 821
    • Likes Received: +0/-0
Reply #13 on: Mar 06, 2012, 12:52 PM
update on merger:

http://www3.pse.com.ph/resource/disclosures/2012/pdf/dc2012-1789_PNB.pdf



vgal0579

  • Forum Champion 800
  • ****
    • Posts: 821
    • Likes Received: +0/-0
Reply #14 on: Mar 13, 2012, 09:50 AM
PNB, Allied merger deemed ‘credit positive’

MERGER of both Lucio C. Tan-owned Allied Banking Corp. (Allied Bank) and Philippine National Bank (PNB) is deemed to be “credit positive” for the latter being the surviving entity, credit rater Moody’s Investors Service said.

The merger between the two banks that will be done through a share swap deal will be “credit positive for PNB” as the new shares to be issued under the recently amended share swap deal will “boost PNB’s capitalization and loss-absorption capacity,” Moody’s said in its Week Credit Outlook released yesterday.

“The addition of Allied Bank’s existing branch network and customer base will [likewise] strengthen PNB’s domestic and international franchise, funding mix and profitability,” the credit rating agency added.

On March 6, the respective shareholders of Allied Bank and PNB approved the amendments to the share swap terms of the planned merger.

Under the approved terms, PNB will exchange 130 PNB common shares for each issued Allied Bank common share and 22.763 PNB common shares for every Allied Bank preferred share.

The PNB shares will be issued at P70 apiece, higher than the P55 per share approved in 2008.

PNB will issue a total of 423.96 million common shares from its authorized, unissued capital stock at P70 apiece to stockholders of Allied Bank.

The changes in the merger plan are still subject to the approval of the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), the Philippine Stock Exchange (PSE), the Philippine Deposit Insurance Corp. (PDIC) and the Bureau of Internal Revenue.

Moody’s said that the newly issued PNB shares will improve PNB’s Tier 1 capital ratio to “14.8% after the merger from 13.1% as of end-September.”

“The additional capital buffer above the current Basel II and the soon-to-be-implemented Basel III minimum increases the bank’s ability to absorb further asset deterioration and associated write-offs,” Moody’s said.

Moreover, the customer loan-to-deposit ratio of PNB is seen to increase to 53% from 49%.

Moody’s also said that PNB will benefit from the “strong credit fundamentals” of Allied Bank and its Filipino-Chinese customer base that would complement PNB’s existing client base composed of large corporations and government-related entities.

“We expect the combining of the banks’ loan portfolio to diversify the surviving bank’s credit exposures,” Moody’s said.

The merger will likewise expand PNB’s distribution network as it increases to more than 750 branches and offices nationwide and overseas.

PNB will also enjoy Allied Bank’s overseas presence, that may help in boosting the former’s remittance business that could be another source of income.

“We also expect substantial scope for the surviving entity to tighten costs and improve efficiency as it works through the integration process over the next 12-18 months following regulatory approvals for the merger,” Moody’s said.

At the press conference after PNB’s special stockholders’ meeting on Tuesday last week, Allied Bank President Anthony Q. Chua said, the full integration of the two banks’ operations will take place “18 months” after SEC’s approval.

Meanwhile, PNB Executive Vice-President and Chief Financial Officer Carmen G. Huang, in the same briefing, said the merger will generate at least P1 billion of cost savings per year for PNB, once the integration is completed.

The P1 billion cost savings, Moody’s said, is equivalent to almost 6% of the two banks’ combined annual operating expenses, based on their September 2011 financial reports.

“We expect cost savings to result from the realignment of operating systems and processes and the rationalization of its distribution network and human resource,” Moody’s said.

The merger of PNB and Allied Bank is expected to be completed within the first semester.

It still requires the approval of the BSP, the SEC, the PDIC and the PSE.

PNB shares closed at P67.50 apiece yesterday, up by 0.60% or 40 centavos from their P67.10 close last Friday. -- Ann Rozainne R. Gregorio


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • oragon: :applause:
    Yesterday at 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    Yesterday at 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    Yesterday at 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM
  • perlymelad: E-BOOK PO SIR @JEFSANITY
    Mar 09, 2019, 05:40 PM
  • perlymelad: @jefsanity Good Morning Po
    Mar 09, 2019, 05:39 PM
  • perlymelad: Good Day everyone
    Mar 04, 2019, 06:24 PM
  • jefsanity: anu ang small business na yan?
    Feb 28, 2019, 07:40 PM
  • perlymelad: Good Day Everyone
    Feb 28, 2019, 03:31 PM
  • perlymelad: Hello everyone, CAN ANYONE HELP ME SUGGEST ANY SIDE TOPIC  / PROBLEM OF  STARTING SMALL BUSINESS?
    Feb 28, 2019, 06:58 AM
  • perlymelad: Present, 1st time po
    Feb 25, 2019, 06:17 PM
  • jd2281: newbie po
    Feb 25, 2019, 12:26 PM
  • ejllantino: present... 1st time
    Feb 24, 2019, 07:14 PM
  • rheiel: present. first time
    Feb 24, 2019, 11:04 AM
  • MELVIE: thanks po
    Feb 24, 2019, 12:50 AM
  • steph123: hello po, ask lang po, ilang months po ba ang hihintayin after mo ma process ang mga documents para maitama ang mali sa NSO?
    Feb 11, 2019, 03:13 PM
  • Deborah: newbie here.thanks
    Feb 08, 2019, 02:17 PM
  • marj0503: hello im newbie here
    Jan 31, 2019, 10:53 AM
  • yan24: any one here planning to start a tesda skill training center
    Jan 26, 2019, 12:07 PM
  • manzjon: Forex trading forum
    Jan 25, 2019, 02:16 PM
  • Lizette Ramos: Pwede po bang patulong... Maganda po ba ang gasul retailing business?
    Jan 24, 2019, 09:14 PM
  • Imnobody: Hi sino naghahanap ng casino financer dito?
    Jan 16, 2019, 09:59 PM
  • Odlanyer22: Good day!
    Jan 16, 2019, 09:55 PM
  • maryen: at kung sakaling may somobra sa food na nailuto.. dapat po bang bayaran ng client un .. or ipapa take mo na sakanila?...
    Jan 16, 2019, 03:52 PM
  • maryen: HI! GOOD DAY! newbiz lang po... question lang po regarding sa catering.. if may 50pax po ako dapat lang po ba na sakto ang serving ng food?
    Jan 16, 2019, 03:50 PM
  • mark_Lee: cno na nag organico dito scam po ba yun or legit
    Jan 09, 2019, 03:04 AM
  • kuray08: Have a Prosperous New Year to all..
    Jan 06, 2019, 09:27 PM
  • ethan: Sino po may auto supply business dito? How profitable po ba ito in terms of monthly income? Lalo na kung meron na one or two na competition.
    Jan 04, 2019, 11:34 AM
  • Niel Jhacoubs: HAPPY NEW YEAR!
    Jan 02, 2019, 04:37 PM