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Listed banks H1 results - Profits continue to grow!
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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My expectations:
Equity to continue leading the pack but the "foreign" banks - SCBK & BBK to claw back some ground on account of recent windfalls on foreign exchange trading. KCB & CoopBank to continue with their upward momentum but KCB not as robust as it could be.
Mid tier banks to underwhelm on account of their reliance on bond trading in 2010.
What say you?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@Cde, KCB surprised on the downside in Q1. I know you follow this counter extremely closely. What do you expect to come out of their "kitchen"?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mwanahisa wrote:@Cde, KCB surprised on the downside in Q1. I know you follow this counter extremely closely. What do you expect to come out of their "kitchen"? I have observed that KCB is good at QoQ growth. The momentum for 2010 Q1 started at 15% to close at 56%. This year Q1 has kicked off @33%. Ceteris Parabus we can close @100% especially now that all Subsidiaries are in the green..some spice should come in from T-Bill income, spike in fees & commissions due to increased business & forex income thanks to the high volatility. Downside includes one-off consolidation/rationalization costs (which should be lower than expansion costs anyway), increase in provisions for bad debts & increase in utility costs (elec)-misc. costs.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cautionary: I'm a "what's next" kind of investor. Don't follow my picks if U get hungry too soon. 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Cautionary: I'm a "what's next" kind of investor. Don't follow my picks if U get hungry too soon. But if u may so wish, when nobody is looking, u get to accumilate for cheap & with the luxury of time 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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NB: The Subsidiaries contributed a 2B loss to PBT in 2010, thus, KCB Group closed @ PBT of 9.8B.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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i dont think u can write off bbk even though there doesnt seem to be much activity in its operations. bbk is nt jus sittin there n watch things happen as its leadership position is taken away. i believe there is smthing big in the offing that bbk in plannin to unleash that will protect its position...I STRONGLY BELIEVE THERE IS..
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwanahisa, Equity may still be king, but will they be able to match Q1 growth? GOD BLESS YOUR LIFE
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Rank: New-farer Joined: 1/10/2010 Posts: 73 Location: kenya
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Equity has slowed down lending. They are lending cautiously and loans are taking longer to be aproaved as they are being thoroughly scrutinised. Their advance salary bonanza has clasified most of their civil servants with CRB after they refused to pay. But they always come up with new avenues of income generation, lets wait and see.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Gadaffi wrote:i dont think u can write off bbk even though there doesnt seem to be much activity in its operations. EXACTLY!! Lol!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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chaliwong wrote:Equity has slowed down lending. They are lending cautiously and loans are taking longer to be aproaved as they are being thoroughly scrutinised....But they always come up with new avenues of income generation, lets wait and see. tihihi...ROTO TANK LOANS?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:mwanahisa wrote:@Cde, KCB surprised on the downside in Q1. I know you follow this counter extremely closely. What do you expect to come out of their "kitchen"? I have observed that KCB is good at QoQ growth. The momentum for 2010 Q1 started at 15% to close at 56%. This year Q1 has kicked off @33%. Ceteris Parabus we can close @100% especially now that all Subsidiaries are in the green..some spice should come in from T-Bill income, spike in fees & commissions due to increased business & forex income thanks to the high volatility. Downside includes one-off consolidation/rationalization costs (which should be lower than expansion costs anyway), increase in provisions for bad debts & increase in utility costs (elec)-misc. costs. KCB doing 100% is a dream i expect an earnings downgrade by 3Q
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Watch out for KCB S.Sudan and we will teach u that, 1. The early bird catches the worm & 2. How to stunt man!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Cde Monomotapa wrote:mwanahisa wrote:@Cde, KCB surprised on the downside in Q1. I know you follow this counter extremely closely. What do you expect to come out of their "kitchen"? I have observed that KCB is good at QoQ growth. The momentum for 2010 Q1 started at 15% to close at 56%. This year Q1 has kicked off @33%. Ceteris Parabus we can close @100% especially now that all Subsidiaries are in the green..some spice should come in from T-Bill income, spike in fees & commissions due to increased business & forex income thanks to the high volatility. Downside includes one-off consolidation/rationalization costs (which should be lower than expansion costs anyway), increase in provisions for bad debts & increase in utility costs (elec)-misc. costs. KCB doing 100% is a dream i expect an earnings downgrade by 3Q U had to bring it here too huh? Mr. Media man. Tihihi...only time will tell how the clock ticks
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Equity is generally known to have a loan book full of people who don't know what they are doing. With this inflation, please do welcome a wind-fall of defaults.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Equity is generally known to have a loan book full of people who don't know what they are doing. With this inflation, please do welcome a wind-fall of defaults. No wonder they are cutting back on lending & increasing scrutiny levels. The idea of dishing out credit left, right & centre comes back to spank butt!! LMAO!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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And in a desperate attempt to break into the world of big corporate loans (pple who generally know what they r doing), Equity goes ahead to loan was it 5B to Nairobi City Council!! C'mon man...LMAO!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Apart from being excellent @ mega fees & commisions..there is nothing else that attracts me to Equity Bank.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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kcb seem to be very aggressive in growing their loan bk comapared 2 member; kcb will in the both short n long term post higher returns than eqty
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Soon & very soon..KCB Group will re-demonstrate that it is still BIG FOR SOMETHING.
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Listed banks H1 results - Profits continue to grow!
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