The banking sector is likely to revert back to bonus issues
from cash dividends, contemplating tightening requirement of capital ratios (CY19F CAR requirement: 12.5% plus DSIB buffer), and potential pressure on CAR due to an expected increase in loan delinquencies (CY19 NPL growth estimated at 7.5% as compared to 3-year average of 4.2%) and implementation of IFRS-9.
Mr Tai lauded the exemption of tax on bonus issues
, but said that turning a blind eye to the restoration of slab-wise regime of capital gains was a disappointment.
The brokerage collected data from PSX and further said that total bonus issues
in terms of valued reduced to Rs 4.4 billion during January 2017 to January 2018 from Rs 19 billion in financial year 2013-14.
M2 EQUITYBITES-November 2, 2017-Uponor disposes off shares issued under 1998 and 2004 bonus issues
Corporate India seems to be showering shareholders with bonus - in 2015/16, 83 companies offered Rs 2,948 crore, through bonus issues
- a five-year high - and around 11 per cent higher the money disbursed in 2014/15.
The rules shall be applicable to the issuers and offerors proposing to offer securities to the public by way of initial public offering (IPO), right and bonus issues
; sponsors of the issuers and listed companies.
Qatar Insurance had gone down on account of capital increase plans, apart from dividend and bonus issues
. Qatar General Insurance had also gone down after dividend and bonus issue
Mobily said the capital increase would be financed by retained earnings and that other bonus issues
could follow in coming years.
"Anyone who was at Fir Park that night could see how much that victory meant to the players so bonus issues
play no part.
Banque Saudi Fransi is planning to raise its capital by 28.5 per cent to SAR7.23bn (USD1.93bn), shelving a plan to raise capital to SAR9bn through rights and bonus issues
Banque Saudi Fransi said it would raise its capital 28.5 per cent to SR7.23 billion ($1.93 billion), shelving a plan to raise capital to SR9 billion through rights and bonus issues