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AUB Registers Net Income Up by 52%

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MANILA, Philippines – Asia United Bank (PSE:AUB) registers its unaudited net income for the first nine months of 2016 at P1.8 billion, which is a 52.1 percent climb.

The company’s unaudited net income is higher than last year record during the same period at P1.2 billion. The double-digit growth of the group was maintained irrespective of skimp trading opportunities and decreasing dispersions of interest. These negatives were offset by loans and deposits growth. In addition, funds and operations’ lowered values also countervailed the losses.

As of September 30, 2016, the company had P95.8 billion-worth of loans, which is higher from its last year registration of P86.4 billion. Alternatively, deposits climbed from P112.6 billion to P121.5 billion during the same period. These loan values were contributed by AUB’s publicly listed universal bank and two rural bank units.

After the first nine months of the year, the total results of the company were also driven by trading and securities growth at P557.9 million.

The current assets of the company amounted to P157.6 billion, making the bank among the country’s top 20 financial firms.

PhilRatings of the company continues to climb due to its aggressive business growth. The ranking focuses on the financial firm’s profitability, funding profile, strategies for growth, and positive economical outlook.

The bank is known for having a sound funding profile. In addition, it has a stabilized and lowered value of current and savings accounts (CASA). CASA represents the deposit bulks of the company.

Last September 2016, the first cash dividend of the company closed at P0.67 per piece, a couple of years following its initial public tender. In October 2016, a second dividend was paid at P0.33 per share.

AUB was incorporated in 1997. At present, it has a network of 238 branches, which include Cavite United Rural Bank (CURB) as its thrift bank arm and Rural Bank of Pampanga.

Here’s some additional information for AUB.

Top 10 Players’ Sentiment

Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-14-2016 at 03:30PM:

  • 5 out of 26 participants or 19.23% of all participants registered a 100% BUYING activity
  • 11 out of 26 participants or 42.31% of all participants registered a 100% SELLING activity
  • Top 10 Players’ Buying Average: 47.5149
  • Top 10 Players’ Selling Average: 47.4458

AUB - ASIA UNITED BANK CORPORATION - Top 10 Players' Sentiment - November 14, 2016
30-day Foreign Fund Flow

On a 30-day trading period, AUB is on a Net Foreign Buying worth PHP38,507,235.00.

AUB - ASIA UNITED BANK CORPORATION - Foreign Fund Flow - November 14, 2016
Risk Level

AUB has a low risk level based on our proprietary risk level indicator.

AUB - ASIA UNITED BANK CORPORATION - Volatility - November 14, 2016

AUB is trading below its 30-day volume average for 5 consecutive trading days already.

AUB - ASIA UNITED BANK CORPORATION - Volume - November 14, 2016

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