Horton wrote:nzalela wrote:VituVingiSana wrote:Horton wrote:👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽
Another reason why I never read "research" reports. These results are quite contrary to what kestrel had said a few days ago.
Before you dismiss what Kestrel has written... pls try to answer these questions.
1) What are Statutory Loan Reserves?
2) Compare SLRs for KCB vs Equity vs BBK vs StanChart
3) Compare KCB's Core Capital for FY 2016 vs 1Q 2017
4) What's Net NPL exposure? Compare KCB vs peers
Was waiting for someone to mention those issues. Those results seem massaged by loan loss provisions and shifting of customer deposit accounts. The 15% drop in interest income before loan loss provisions is the flag right there.
Dear VVS. Most of us spend days, weeks and even months doing our research. We do this homework for ourselves, so Im not going to post the details u require which can be found through a brief search.
Also understand that KCB had lots of corporate accounts which earn the highest interest and also used to pay the lowest interest for loans....pre rate cap. As u can see interest expense has fallen comensurate to that. LLP would naturally fall in the post cap as the quality is improving. I suggest you go and check out NIC and CFCs results too
KCB is a SIFI and TBTF bank but something isn't right. Anyway, let's look at the results for 1Q 2018 onwards when IFRS 9 comes into play. I expect some restatements.
I would rather miss out on some of the "gains" through speculation since I prefer sleeping at night.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett