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Banking Sector - Valuation & recommendation
mwekez@ji
#1 Posted : Thursday, February 07, 2013 11:49:23 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Bank |Share price|Fair value|Upside|Recommendation

Barclays | 16.15| 12.36| -23.4%| SELL
CFC | 42.75| 52.87| 23.7%| BUY
Co-op | 13.20 |12.04 |-8.8% |HOLD
DTB|131.00| 135.98| 3.8%| HOLD
Equity |26.75 |24.84 |-7.1%| HOLD
KCB |34.25 |33.91| -1.0% |HOLD
NIC |42.50 |45.39| 6.8%| HOLD
StanChart|264.00| 233.56 |-11.5% | HOLD

Source: Standard Investment Bank (07.02.2013)

>>> NBK and HFCK not rated
mwekez@ji
#2 Posted : Friday, February 08, 2013 12:15:43 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Bank - Target Price - Recommendation
KCB – KES 41 – BUY
BBK – KES 19 – BUY
Stanchart – KES 289 – HOLD
Equity – KES 28 – HOLD
COOP – KES 14 – SELL

Source - cfc/sbg securities (07.02.2013)

Excerpt
We continue to see value in KCB and prefer Barclays Kenya as our top defensive play, although not a cheap one. We see Equity Bank in many ways as a trader’s choice."
mwekez@ji
#3 Posted : Friday, February 08, 2013 12:50:01 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Is KCB Bank Group Kenya’s Choicest Stock?

http://investinginafrica.net/20...is-kcb-kenyas-best-stock
techboy
#4 Posted : Friday, February 08, 2013 7:49:11 AM
Rank: User


Joined: 6/18/2009
Posts: 271
OMG !!!!!!!!!!!!!!! kcb is just the BOOMMMM....

hakuna mwingine!
FUNKY
#5 Posted : Friday, February 08, 2013 8:29:12 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
KCB are expected to release their results on 15th February
guru267
#6 Posted : Friday, February 08, 2013 9:35:48 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Co op and NIC will be serious out performers in 2013 so I completely disagree with this recommendation!
Mark 12:29
Deuteronomy 4:16
simmons
#7 Posted : Friday, February 08, 2013 9:56:07 AM
Rank: New-farer


Joined: 1/28/2013
Posts: 61
Location: Nairobi s
coop ,no clear direction on theis counter
Never be afraid to try something new.Remeber,amateurs built the ark Professionals built titanic.-Anonymous
mwekez@ji
#8 Posted : Saturday, February 09, 2013 11:07:43 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Old Mutual still holding on NBK buy recommendation http://bcove.me/rk1r678q @Cde?

I also notice the new CEO is working bigtime, he has now revised working hours for NBK to 8am - 5pm on weekdays and 8am - 4pm on saturdays http://www.nationalbank.co.ke/uploads/NBK-16.5x3-30.pdf ..... The chap has also been reorganising the bank management and structures
mwekez@ji
#9 Posted : Saturday, February 09, 2013 11:35:28 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
Co op and NIC will be serious out performers in 2013 ...


Why Coop? Any word on their rights issue? Their CEO comes out as an indecisive guy or a puppet of some forces
Mukiri
#10 Posted : Saturday, February 09, 2013 12:08:25 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
mwekez@ji wrote:
guru267 wrote:
Co op and NIC will be serious out performers in 2013 ...


Why Coop? Any word on their rights issue? Their CEO comes out as an indecisive guy or a puppet of some forces

Rights? Gideon is not leadership material, with the worldwide Co-op movement this bank should be rivaling Simba.

Proverbs 19:21
Cde Monomotapa
#11 Posted : Saturday, February 09, 2013 12:31:41 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
Old Mutual still holding on NBK buy recommendation http://bcove.me/rk1r678q @Cde?

I also notice the new CEO is working bigtime, he has now revised working hours for NBK to 8am - 5pm on weekdays and 8am - 4pm on saturdays http://www.nationalbank.co.ke/uploads/NBK-16.5x3-30.pdf ..... The chap has also been reorganising the bank management and structures

^Si unajua tena..mambo Digital...
mwekez@ji
#12 Posted : Saturday, February 09, 2013 2:40:34 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
mwekez@ji wrote:
Old Mutual still holding on NBK buy recommendation http://bcove.me/rk1r678q @Cde?

I also notice the new CEO is working bigtime, he has now revised working hours for NBK to 8am - 5pm on weekdays and 8am - 4pm on saturdays http://www.nationalbank.co.ke/uploads/NBK-16.5x3-30.pdf ..... The chap has also been reorganising the bank management and structures

^Si unajua tena..mambo Digital...

oooh yeah ... digital reloaded
Cde Monomotapa
#13 Posted : Saturday, February 09, 2013 2:59:50 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
Cde Monomotapa wrote:
mwekez@ji wrote:
Old Mutual still holding on NBK buy recommendation http://bcove.me/rk1r678q @Cde?

I also notice the new CEO is working bigtime, he has now revised working hours for NBK to 8am - 5pm on weekdays and 8am - 4pm on saturdays http://www.nationalbank.co.ke/uploads/NBK-16.5x3-30.pdf ..... The chap has also been reorganising the bank management and structures

^Si unajua tena..mambo Digital...

oooh yeah ... digital reloaded

Lest we forget the YMCMB at KCB Group too - Big up Oigara, Agin n' 'em! smile ROAARR!!
mwekez@ji
#14 Posted : Monday, February 11, 2013 9:24:17 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Renaissance Capital forecasts that KCB will report a Sh12.8 billion net profit, while Equity Bank is expected to hit Sh11.8 billion, Co-operative Bank Sh7.6 billion.

Looking back at 2007 and 2008, Rencap holds that the polls are not likely to have a major impact on the country’s banking sector

http://www.businessdailyafrica....2/-/fgxaaqz/-/index.html
xxxxx
#15 Posted : Monday, February 11, 2013 12:26:31 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
mwekez@ji wrote:
Renaissance Capital forecasts that KCB will report a Sh12.8 billion net profit, while Equity Bank is expected to hit Sh11.8 billion, Co-operative Bank Sh7.6 billion.

Looking back at 2007 and 2008, Rencap holds that the polls are not likely to have a major impact on the country’s banking sector

http://www.businessdailyafrica....2/-/fgxaaqz/-/index.html


mwekez@ji, please sare tis rencap report witus
deadpoet
#16 Posted : Monday, February 11, 2013 12:59:36 PM
Rank: Member


Joined: 9/27/2006
Posts: 503
How will NBK's share price go once it is finally privatised?

http://www.nation.co.ke/...8/-/2dilurz/-/index.html
mwekez@ji
#17 Posted : Monday, February 11, 2013 3:43:00 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
xxxxx wrote:
mwekez@ji wrote:
Renaissance Capital forecasts that KCB will report a Sh12.8 billion net profit, while Equity Bank is expected to hit Sh11.8 billion, Co-operative Bank Sh7.6 billion.

Looking back at 2007 and 2008, Rencap holds that the polls are not likely to have a major impact on the country’s banking sector

http://www.businessdailyafrica....2/-/fgxaaqz/-/index.html


mwekez@ji, please sare tis rencap report witus


zis 1 i don hav. ova 2 thos wit it 2 shre witus
sparkly
#18 Posted : Monday, February 11, 2013 5:11:45 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
In other News MOO joined the Board of EABL. Rink: Saturday Nation
Life is short. Live passionately.
mwekez@ji
#19 Posted : Tuesday, February 12, 2013 9:54:35 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
sparkly wrote:
In other News MOO joined the Board of EABL. Rink: Saturday Nation


Rink 2: http://www.businessdailyafrica....4/-/a4apy9z/-/index.html
mwekez@ji
#20 Posted : Tuesday, February 12, 2013 9:59:05 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Co-operative Bank has opened nine new branches in the past one month as part of a Sh500 million expansion plan to give the lender a presence in all the 47 counties.

The bank is drawing funds from its retained earnings to take advantage of the new county government structure which comes into effect after the March 4 General Election.

“Going forward, the county structure is going to be a strong focus for development and the bank’s expansion plan ensures a strong presence in the counties,” said Samuel Birech, the Co-op Bank director of retail banking.

Some of the new branches opened so far include, Yala, Malaba, Oyugis, Ruiru, Embakasi Junction, Kawangware 46, Othaya and Molo. Co-op Bank also intends to open its first branch in Juba, South Sudan, in April before opening four more by end of the year.

Apart from branches, the bank also intends to set up shopping malls while increasing its agents network to above 3,500. The lender’s geographical presence is smaller than its main competitors in the retail segment, Equity Bank and KCB.

Rink >>> http://www.businessdailyafrica....4/-/yrtf36z/-/index.html
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