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STANCHART PBT drops from 4.1B to 3.5B

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SAC Cohen		#1 Posted : Wednesday, August 24, 2011 3:48:11 PM
Rank: Member Joined: 1/3/2011 Posts: 129 Location: Nairobi		interesting.
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kenyainvestor		#2 Posted : Wednesday, August 24, 2011 4:00:30 PM
Rank: Member Joined: 7/12/2011 Posts: 194		No wonder they delayed release of the results... Analysis coming up on my blog LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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Cde Monomotapa		#3 Posted : Wednesday, August 24, 2011 4:05:48 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Interesting. @keninvest..analysis pap!
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KulaRaha		#4 Posted : Wednesday, August 24, 2011 4:11:28 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Bonds issues....watch this happening with other bank with huge bond holdings. Business opportunities are like buses,there's always another one coming
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kenyainvestor		#5 Posted : Wednesday, August 24, 2011 4:37:32 PM
Rank: Member Joined: 7/12/2011 Posts: 194		Cde Monomotapa wrote: Interesting. @keninvest..analysis pap! ...once i get a peep at the results LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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the deal		#6 Posted : Wednesday, August 24, 2011 4:45:20 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		With interbank rate at 30% those who have ears listened..
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QW25071985		#7 Posted : Wednesday, August 24, 2011 4:53:27 PM
Rank: Veteran Joined: 3/25/2011 Posts: 946		Co-op bank will do better. Stanchart has always bn laggin all the other banks. And if all the other banks were to perform poorly we wld hav sn selling long time ago.
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kenyainvestor		#8 Posted : Wednesday, August 24, 2011 5:33:36 PM
Rank: Member Joined: 7/12/2011 Posts: 194		The mother company is Asia focussed. They had released their results on August 3rd. Pre-tax profits for the first six months of the year were $3.6bn (£2.2bn), up 17% from last year. Operating profits by region rose in all territories except Standard Chartered's biggest market, India, which fell 39%, and Africa, down 6%. http://bbc.co.uk/news/business-14384197 LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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Cde Monomotapa		#9 Posted : Wednesday, August 24, 2011 6:33:52 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		It should pay off to be part of a consolidating+regional bank.
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the deal		#10 Posted : Wednesday, August 24, 2011 6:50:49 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		My Analysis This set of financial results were outdone by the revaluations of their bond portfolio, interest rates have been on the surge of late, in fact at today’s auction yields on 182 Day T-bills edged up to 10.35%, while the yields on the 30 year Treasury bonds which carries a 12% coupon rate edged up 16.3%, rates on the 5 Year treasury bond which carry a coupon rate of 6.67% edged up to 13.887%, look at the yield curve for August below, one can clearly see its not business as usual, a normal curve should be slopping, anybody selling their bond holdings carrying coupon rates of 6.67% or there about will incur huge losses. Read more here http://www.contrarianinv...hard-by-toxic-bonds.html
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kenyainvestor		#11 Posted : Thursday, August 25, 2011 9:45:56 AM
Rank: Member Joined: 7/12/2011 Posts: 194		Profit After Tax is now at Kshs. 2.5 Billion, 11.9% less than the corresponding period last year Cost:Income ratio rose from 42.53% to 51.37%. It was helped on its way by the 22.2% rise in Total Operating Expenses to Kshs. 3.66 Billion from the previous year’s Kshs. 3 Billion These were not the sort of results SCBK shareholders were hoping for, but the surge in Net Loans and Advances, which went up by Kshs. 33.4 Billion or 66.6%, is bound to put a smile on their faces Interest Income from Loans and Advances as a percentage of Total Interest Income stands at 72.26% in comparison with 58.22% in H1 2010. For more analysis on the SCBK results, check my blog LINK: SCBK HALF YEAR 2011 ANALYSIS LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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Cde Monomotapa		#12 Posted : Thursday, August 25, 2011 12:30:14 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		kenyainvestor wrote: Profit After Tax is now at Kshs. 2.5 Billion, 11.9% less than the corresponding period last year Cost:Income ratio rose from 42.53% to 51.37%. It was helped on its way by the 22.2% rise in Total Operating Expenses to Kshs. 3.66 Billion from the previous year’s Kshs. 3 Billion These were not the sort of results SCBK shareholders were hoping for, but the surge in Net Loans and Advances, which went up by Kshs. 33.4 Billion or 66.6%, is bound to put a smile on their faces Interest Income from Loans and Advances as a percentage of Total Interest Income stands at 72.26% in comparison with 58.22% in H1 2010. For more analysis on the SCBK results, check my blog LINK: SCBK HALF YEAR 2011 ANALYSIS Cheers.
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kenyainvestor		#13 Posted : Thursday, August 25, 2011 1:59:50 PM
Rank: Member Joined: 7/12/2011 Posts: 194		Cde Monomotapa wrote: kenyainvestor wrote: Profit After Tax is now at Kshs. 2.5 Billion, 11.9% less than the corresponding period last year Cost:Income ratio rose from 42.53% to 51.37%. It was helped on its way by the 22.2% rise in Total Operating Expenses to Kshs. 3.66 Billion from the previous year’s Kshs. 3 Billion These were not the sort of results SCBK shareholders were hoping for, but the surge in Net Loans and Advances, which went up by Kshs. 33.4 Billion or 66.6%, is bound to put a smile on their faces Interest Income from Loans and Advances as a percentage of Total Interest Income stands at 72.26% in comparison with 58.22% in H1 2010. For more analysis on the SCBK results, check my blog LINK: SCBK HALF YEAR 2011 ANALYSIS Cheers. LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5 FACEBOOK: Kenya Investing TWITTER HANDLE: @kenyainvestor
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xxxxx		#14 Posted : Thursday, August 25, 2011 2:20:28 PM
Rank: Member Joined: 3/20/2008 Posts: 503		[quote=kenyainvestor][quote=Cde Monomotapa][quote=kenyainvestor]Profit After Tax is now at Kshs. 2.5 Billion, 11.9% less than the corresponding period last year For more analysis on the SCBK results, check my blog Did SCB declare a dividend or not. I do not see this in any of the blogs.
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