@ Mwanahisa: Good point.

It is not only DTB that was trading in bonds within the Banking Sector. All banks owe part of their good performances this year also to the same activity (bond trading). Its only that DTB seems to be better than most at this activity.

For sustainability of growth , the loan book seems to be growing well and the Ksh 2B they got recently will further enhance growth in the loan book.

If you use the Wazua performance calculator and go back six to seven years, you will realise that DTB is one of the companies that has delivered the highest capital gains over time. Its ability to sustain a growth momentum should not be in question especially if the economic upturn continues next year.

The fact of the matter is that at current prices, this share is a definite buy in comparison with other banking stocks. I will be surprised if the share does not trade in the 150-160 levels in the coming few weeks of November.

Happy hunting.

DTBK just looks too juicy to me up to 150... I've spent the better part of of the day doing research and I love its strategy, market diversification, growing loan book and sound management... i'm kicking myself for not getting in at 100...

I just pray that the market doesn't notice the results for one more week so I can get in big... But from today's volumes it seems they've seen what i've seen

Serious?
Could you look at books of stanchart historically? since Etemesi took over? infact even before..while he was still under finance

At the end of the day banking is all about interest income..whatever the source..private,public or bonds/bills..the less the risk on the loan book the better..what risk do you attach on bonds? Common sense approach.

DTK has taken a well tried and proven path. and with vision 30..all those crazy budgets from ministry of finance that need financing.. any bank would be just down right greedy to ignore bonds/bills

The bright people bought at par value. Since this is not practical, the intelligent investor has to constantly evaluate the fundamentals and compare them with the sector fundamentals in order to pick value stocks.

The current steady gradual rise in share price is good because the rise is now guided by fundamentals and market dynamics of demand and supply rather than the rapid rise which is characteristic of speculative rises.

Happy hunting.

@stocksmaster - If DTBK was ever sold at par then it was way before my time!!!

The dynamics that led to the P.E.V will probably never show up again so Just like the referendum the elections will come and go without a hitch so the foreigners can be scared all they want I will still be buying as long as there is value in the counters on the NSE...

It was trading at 130 even after announcing stellar results. Me thinks it is still a good buy at 130. Based on the performance of 3Q, we could easily see a price of 175 at a modest p/e of 12. Remember, banks with growth of over 50% are being rewarded with p/e of 20 and above, DTB should trade at 200!

DTB's performance makes other bank's results that would otherwise be great look not so good. Been watching on the sidelines for a while.I am now kicking myself for not boarding earlier but I think 130 is still a good and possible entry on Monday. Going on to end year results release we should see some interesting movement which I believe we should all take advantage of.

@pkoli. Its a buy at current prices for sure, when it was below 130 it was those deals that are too good to be true. Hence my frustration. I will catch it. I hope the flight can be delayed just abit longer. Of all the shares in the nse, this is the one i have maximum faith in this yr.

@Pkoli - CFCStanbic??? LOLest! CFCStanbic can't even hold a candle to DTBK... 2x the balance sheet yet profits are lower than DTBK...