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CFC registers 64% growth
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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xxxxx wrote:mwekez@ji wrote:The Fx Trading Desk did indeed boost the Non Interest Revenue. The Fx Trading Income was up 205% q/q and 71% y/y to KES 3,016,000,000/- from FY11A of KES 1,766,000,000/-. Hongera. I now ask, how sustainable is this
sbg securities in their report on CFC titled “Trading Income Unique among Peers” dated 05.03.2013 have also noted that bad debt recoveries played a significant role in the final numbers. Based on a quarterly assessment of impairments, they estimate that recoveries were about Ksh1.1bn during the FY12A.
@mwekezaji, please share that sb report on wazua. ASANTE @xxxxx, done. check it out
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Non Interest Revenue=loan recoveries, fees and commissions income from transactions and advances, bond and forex trading income plus other income i.e Derivatives.
1. New Markets-I expect more especially now that theyre in South Sudan where there are forex shortages.
Remember you can now open a yuan dominated A/C at CFC Stabic...look at the trade between China and Kenya...the service will attract alot of SME's hope it leads to cross selling opportunities.
2. Innovation...ever tried their mobile banking platform? World class...it will result in more transactions.
3. New Products-Diaspora banking aka Heartland Banking...allowing the bank to tape into those growing remittances
Conclusions: CFC Stanbic is a bank on the move. Stock is undervalued
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I fancied CfC stanbic holdings beacuse its undervalued. A few things concern me. the Slow growth rate (forex income growth not sustaainable) Shrinking assets compared to last year 150B compared to 143B. Its non-aggresive in growth. If some of these things were addressed i would get very interested. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rocking and rolling now at KES52.50...up 8.8%...poor foreigners who didnt get in earlier...missing the action...
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Rank: Member Joined: 3/20/2008 Posts: 503
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mwekez@ji wrote:xxxxx wrote:mwekez@ji wrote:The Fx Trading Desk did indeed boost the Non Interest Revenue. The Fx Trading Income was up 205% q/q and 71% y/y to KES 3,016,000,000/- from FY11A of KES 1,766,000,000/-. Hongera. I now ask, how sustainable is this
sbg securities in their report on CFC titled “Trading Income Unique among Peers” dated 05.03.2013 have also noted that bad debt recoveries played a significant role in the final numbers. Based on a quarterly assessment of impairments, they estimate that recoveries were about Ksh1.1bn during the FY12A.
@mwekezaji, please share that sb report on wazua. ASANTE @xxxxx, done. check it out Asante, it is very helpful. God bless
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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the deal wrote:Rocking and rolling now at KES52.50...up 8.8%...poor foreigners who didnt get in earlier...missing the action... I noticed net foreign inflow at this counter yesterday. Looks like they aint done until they hit the tip of the 75% maximum allowed threshold (their holding as at Dec 2012 was 74.85%)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Supply of 8,400 shares at 56 actually one lot.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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wooow KES56.50 prints..stock is on steroids now.
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Rank: Member Joined: 1/25/2010 Posts: 344
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the deal wrote:wooow KES56.50 prints..stock is on steroids now. bids 10:15 55.00 5,000 NORMAL 10:15 54.50 5,000 NORMAL 10:15 54.00 6,000 NORMAL 10:15 53.50 10,000 NORMAL 10:15 53.00 55,300 NORMA zero supply trades 10:11 56.50 3,400 NORMAL 10:10 56.50 5,000 NORMAL
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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the deal wrote:wooow KES56.50 prints..stock is on steroids now. Finally this counter that we secretly admire is paying off... My target is 75 and I feel it's quite conservative...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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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.
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Rank: Member Joined: 3/20/2008 Posts: 503
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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 in yo inbox
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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xxxxx wrote: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 in yo inbox Asante xana. .... @wazua group, in yo inbox
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Rank: Member Joined: 3/20/2008 Posts: 503
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the deal wrote:wooow KES56.50 prints..stock is on steroids now. i like Demand at 60 Supply at 61.5
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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xxxxx wrote:the deal wrote:wooow KES56.50 prints..stock is on steroids now. i like Demand at 60 Supply at 61.5 KES61 prints......SPRINTING LIKE BOLT!!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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salala...damn possunt quia posse videntur
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Rank: Member Joined: 3/26/2012 Posts: 830
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Having cut my losses from Mumias and invested the cash in CFC Stanbic after some research at 57,I have recovered all the money lost in Mumias  A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Member Joined: 3/20/2008 Posts: 503
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S.Mutaga III wrote:Having cut my losses from Mumias and invested the cash in CFC Stanbic after some research at 57,I have recovered all the money lost in Mumias The qtn is; at what price do you jump off this ship? It tends to follow a see saw trend.
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CFC registers 64% growth
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