The general evaluation of CITY UNION BANK (IN), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 1, 2022, the closing price wa...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at City Union Bank Ltd sold 10,000 shares at 192.200INR and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
Q4FY19 result highlights Union reported a huge loss of Rs33bn driven by higher provisions, one-off ESOP costs and pension provisions. The bank had a divergence in provisions of Rs22.8bn because their provisioning on some large accounts was lower than peers. The entire divergence was accounted for in 4Q19. Loan growth remained weak growing 3% yoy and 2% qoq. While retail loan growth was strong at 15% yoy, wholesale loans declined due to run down in the overseas book that declined 43% yoy. NI...
Q2FY19 results highlights Union’s PAT of Rs1.4bn declined 109% yoy but grew 7% qoq. Profit was higher than our estimate due to lower MTM charge. While the bank posted a small core profit of Rs 343M versus core PBT losses since 3Q16, profitability remains weak, provisioning cover remains low and CET-1 is below the mark of 8% required by March 2019. Loan growth decelerated with loans remaining flat yoy. While retail, agri, MSME grew well, wholesale loans remained a drag declining yoy and qoq. ...
Q4FY18 results highlights Union reported a higher than expected loss of Rs26bn in 4Q driven by a sharp rise in slippage triggered by the RBI circular. Also the bank has not used RBI dispensation on MTM losses, gratuity and NCLT provisions. Loss for the full year is Rs52bn. Slippage of Rs100bn was substantially higher than Rs42bn qoq. Corporate slippage was Rs79bn of which Rs69bn is from SDR/S4A/restructured. MSME slippages also rose sharply from Rs3.7bn to Rs11.2bn qoq. While the bank has n...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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