Queen wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q2 2020, PBT figures in KES B:
KCB 18.2 Actual 12.8
EQTY 14 Actual 11.9
COOP 10.2 Actual 9.6
I&M 6.9 Actual 4.5
ABSA 6.2 Actual 3.3
SCBK 6.1 Actual 5.1
DTB 5.8 Actual 4.48
NCBA 4.8 Actual 3.91
STANB 4.2 Actual 4.1
HFCK 0.042 Actual -0.296
A tragedy at ABSA.. Expect worse results in Q3 for all banks as the restructuring denies core interest income and provisions rise
Except for Coop Bank, everything else is a total disaster.
Not exactly . Some others are still manageable based on current covid situation .
Take a look further on the details like PAT, EPS etc you will realize that in addition to COOP, then KCB, EQITY, NCBA are fairly ok but on discounted price of 10% of the current price which is achievable when market correction sets in occasioned by short term taking of profits by investors .
Remember provision for delayed interest income due to deferred loans as per covid is a one off operation .
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .