mwekez@ji wrote:mwekez@ji wrote:sbg securities on 05.03.2013 >>> CfC is expected to hold its investor presentation on Thursday 7th March 2013. As such, we seek guidance from the bank regarding the numbers. We see little room for reviewing our numbers at this stage. On our estimates, CfC (HOLD, TP Ksh53) trades at FY13E P/E of 5.3x and P/B of 0.9x. Relative average valuations of the Kenyan banks is 7.3x and 1.7x for the FY13E P/E and P/BV, respectively (our estimates).
Who has the news from yesterdays investor presentation
From a friend who was there....
1. SS contributed KES150mn to bottomline...just 9 month after starting Op's...they plan to add another branch there.
2. Non Interest revenue...due to earnings diversification strategy i.e in high interest enviro...NIR carries the day...its also due to increased customer transaction volumes.
3. Management-Bullish.