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FULL YEAR 2012 BANKING SECTOR VALUATION
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youcan'tstopusnow
#11 Posted : Friday, March 08, 2013 8:25:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
S.Mutaga III wrote:
Where are CFC Stanbic and Diamond Trust Bank?...am a fan of both

NBK, DTB na Standard Chartered have yet to release their Full Year 2012 Results
CFC, someone mentioned they had only released results for the 'Holding Company' and the one for the 'Bank' was to appear separately in the newspapers. I missed it.
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#12 Posted : Friday, March 08, 2013 8:29:03 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Is @msimon still around? He really knew how to value the insurance companies...

GOD BLESS YOUR LIFE
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S.Mutaga III
#13 Posted : Friday, March 08, 2013 8:38:02 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Banking and Insurance are the best industries in Kenya...with the highest potential to evolve into Pan-African businesses...CiC is in my watchlist because it is not exposed to the stock exchange...I always find it expensive thats why I dont buy
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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SittingPretty
#14 Posted : Friday, March 08, 2013 9:28:16 PM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
S.Mutaga III wrote:
Banking and Insurance are the best industries in Kenya...with the highest potential to evolve into Pan-African businesses...CiC is in my watchlist because it is not exposed to the stock exchange...I always find it expensive thats why I dont buy


Could you clarify the statement, for enlightment purposes.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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S.Mutaga III
#15 Posted : Friday, March 08, 2013 9:32:22 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
SittingPretty wrote:
S.Mutaga III wrote:
Banking and Insurance are the best industries in Kenya...with the highest potential to evolve into Pan-African businesses...CiC is in my watchlist because it is not exposed to the stock exchange...I always find it expensive thats why I dont buy


Could you clarify the statement, for enlightment purposes.

it has not invested heavily on listed companies...I have a feeling you understand what I mean but you are just acting dumb
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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youcan'tstopusnow
#16 Posted : Friday, March 08, 2013 10:01:11 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
S.Mutaga III wrote:
SittingPretty wrote:
S.Mutaga III wrote:
Banking and Insurance are the best industries in Kenya...with the highest potential to evolve into Pan-African businesses...CiC is in my watchlist because it is not exposed to the stock exchange...I always find it expensive thats why I dont buy


Could you clarify the statement, for enlightment purposes.

it has not invested heavily on listed companies...I have a feeling you understand what I mean but you are just acting dumb

Kuwa mpole. Kuuliza si ujinga!
GOD BLESS YOUR LIFE
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  | | Edit by user: Friday, March 08, 2013 10:02 PM | Reason: Not specified
Ericsson
#17 Posted : Friday, March 08, 2013 10:05:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
@S.Mutaga III;CIC is expensive because you missed the bus.You should have jumped in when it was trading at the ranges ksh.3.10 to 3.20
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#18 Posted : Saturday, March 09, 2013 7:16:10 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
HF comes out top in three metrics and bottom in the rest. If you were to come up with your very own tallying system for every valuation metric, assigning 1 points for being 6th, and 6 points for being 1st, some of the results are somewhat surprising...

Anyway, I would also lean in favour of HFCK on account of its low P/B, which is way below the 2.1 average of the six, not to mention its exciting housing projects. mwekezaji, any comments on the low ROA and ROE of HF?



IMHO, HF is cheap from the price valuation metrics (P/E, P/B, DY). However, it remains a diamond in the rough because it is yet to realize its full returns/earnings and hence the low ROA & ROE. It also need to reduce its Cost to Income ratio which is high at 59.4%. ... Another general observation is that the Tier II banks have relatively lower ROA & ROE than the Tier I banks Think
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mwekez@ji
#19 Posted : Saturday, March 09, 2013 7:29:29 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Equity Bank to me emerges as the top money maker (has high ROA & ROE) and is set to benefit from regional expansion and soon from its pan-african expansion strategy. We also know it will continue to get support from government. However, the Price Valuation metrics indicates the share is trading at a premium and most analyst have either rated it HOLD or SELL. This counter is in my watch list this year
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the deal
#20 Posted : Saturday, March 09, 2013 7:49:04 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
HF was never a bank, its only now that theyre being allowed to operate current accounts. The low RoE and RoA is due to cost of funds. The big banks i.e Equity Bank and KCB can get cheap deposits from their vast customer networks and lend at crazy prices thus enjoying better margins which the mid tier banks can only dream off.
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