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Banking Sector Valuation and Recommendation - Year 2013
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Ericsson
#81 Posted : Monday, July 22, 2013 2:25:05 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@Metasploit;UBA has been in Kenya for 5 years and the kenyan subsidiary has never made a profit since its inception.
They even had a big plan of opening branches in major spots to compete with the other banks.
But with the hope of turning a profit fading away they stopped opening branches and currently they have only 4 branches i.e Westlands,NHIF,Industrial area and Mombasa.
Let's see if Guaranty Trust will be different.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#82 Posted : Friday, August 02, 2013 1:15:32 AM
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mwekez@ji
#83 Posted : Monday, August 05, 2013 11:47:45 PM
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Banking sector records improved performance in second quarter 2013

Profitability
The banking sector profit before tax for the quarter ended June 2013 increased by 17.7 percent from Ksh. 28.2 billion in March 2013 quarter compared to Ksh. 33.2 billion for the quarter ending June 2013. On an annual basis, the profitability of the sector increased by 15.6 percent to Ksh. 61.5 billion from the Ksh. 53.2 billion registered in June 2012.

Outlook
The banking sector is expected to sustain its growth momentum on the backdrop of a stable macro-economic environment, domestic and regional expansion by banks and the increased economic activities through the devolved system of government.

http://centralbank.go.ke/images...2030th%20June%202013.pdf
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mwekez@ji
#84 Posted : Tuesday, August 06, 2013 1:39:41 AM
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mwekez@ji
#85 Posted : Tuesday, August 06, 2013 1:47:47 AM
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mwekez@ji
#86 Posted : Tuesday, August 06, 2013 2:07:43 AM
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mkeiyd
#87 Posted : Tuesday, August 06, 2013 10:49:01 AM
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Joined: 3/26/2012
Posts: 1,182
mwekez@ji wrote:
Banking sector records improved performance in second quarter 2013

Profitability
The banking sector profit before tax for the quarter ended June 2013 increased by 17.7 percent from Ksh. 28.2 billion in March 2013 quarter compared to Ksh. 33.2 billion for the quarter ending June 2013. On an annual basis, the profitability of the sector increased by 15.6 percent to Ksh. 61.5 billion from the Ksh. 53.2 billion registered in June 2012.

Outlook
The banking sector is expected to sustain its growth momentum on the backdrop of a stable macro-economic environment, domestic and regional expansion by banks and the increased economic activities through the devolved system of government.

http://centralbank.go.ke/images...2030th%20June%202013.pdf


If Equity grew its PBT by just below 18%, Hf about 60% [574mn which is not significant compared to the other financials figures],NBK grew by around 3%, BBK shrunk by 13%.Does this mean the remaining banks will have super H1 numbers?
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mwekez@ji
#88 Posted : Tuesday, August 06, 2013 11:30:47 AM
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Joined: 5/31/2011
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mkeiyd wrote:
mwekez@ji wrote:
Banking sector records improved performance in second quarter 2013

Profitability
The banking sector profit before tax for the quarter ended June 2013 increased by 17.7 percent from Ksh. 28.2 billion in March 2013 quarter compared to Ksh. 33.2 billion for the quarter ending June 2013. On an annual basis, the profitability of the sector increased by 15.6 percent to Ksh. 61.5 billion from the Ksh. 53.2 billion registered in June 2012.

Outlook
The banking sector is expected to sustain its growth momentum on the backdrop of a stable macro-economic environment, domestic and regional expansion by banks and the increased economic activities through the devolved system of government.

http://centralbank.go.ke/images...2030th%20June%202013.pdf


If Equity grew its PBT by just below 18%, Hf about 60% [574mn which is not significant compared to the other financials figures],NBK grew by around 3%, BBK shrunk by 13%.Does this mean the remaining banks will have super H1 numbers?


Looks so. Especially Tier 2 banks kwasababu zilikuwa zimefinyiliwa sana na high interest rate regime kuliko Tier 1
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mkeiyd
#89 Posted : Tuesday, August 06, 2013 12:08:52 PM
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mwekez@ji wrote:

Looks so. Especially Tier 2 banks kwasababu zilikuwa zimefinyiliwa sana na high interest rate regime kuliko Tier 1


The Tier 1 banks have been "sluggish". Maybe its time for @the deal and his Cfc bank to eat.
When is DTB & Coop announcing? By end of next week?
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mwekez@ji
#90 Posted : Wednesday, August 07, 2013 2:41:23 PM
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mwekez@ji
#91 Posted : Friday, August 16, 2013 10:01:29 AM
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Banks get capital lift from rise in valuation of bonds
 #3Q13 rates not looking encouraging on this front
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hisah
#92 Posted : Wednesday, August 28, 2013 3:40:19 AM
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Joined: 8/4/2010
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Fight club... Ex Banker vs Banker (HFCK) definitely will be a good fight. On test is the new property law touching on mortgage foreclosure. This case will be an interesting template for similar mortgage foreclosures. A tight rope for mortgage lenders...

http://www.businessdaily...50/-/18skdv/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#93 Posted : Sunday, September 08, 2013 8:07:37 PM
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georgegop
#94 Posted : Sunday, September 08, 2013 8:17:46 PM
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Joined: 8/30/2010
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Location: Migingo
True, BBK is losing big. And their services lately seem to be taking a beating too..
Don't Work for Money, Let Money Work for You..
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mwekez@ji
#95 Posted : Thursday, October 03, 2013 10:28:05 AM
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Agency banking lifts deposits near Sh2 trillion mark
http://www.businessdailyafrica....64/-/3ga8xs/-/index.html
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hisah
#96 Posted : Tuesday, October 08, 2013 10:56:32 AM
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Member finally breakout of 36/- resistance level after 3 months of accumulation at 33 - 34 level. Extension levels 45 - 50. I expect this rally to overtake simba's.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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stocksmaster
#97 Posted : Tuesday, October 08, 2013 12:59:48 PM
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Joined: 9/26/2006
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Location: CENTRAL PROVINCE
hisah wrote:
Member finally breakout of 36/- resistance level after 3 months of accumulation at 33 - 34 level. Extension levels 45 - 50. I expect this rally to overtake simba's.



The demand for Equity Bank is too strong and supply is drying up.....Ksh 40 may be surpassed as early as tomorrow. We may see Ksh 45 for equity bank if safaricom breaches the Ksh 10 price and KCB goes above Ksh 50.

Happy Hunting.
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mwekez@ji
#98 Posted : Monday, November 25, 2013 9:49:53 AM
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Indigenous banks outpaced StanChart, BBK in third quarter http://www.businessdailyafrica..../-/1485fxtz/-/index.html
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PKoli
#99 Posted : Monday, November 25, 2013 10:07:31 AM
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Joined: 2/10/2007
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stocksmaster wrote:
hisah wrote:
Member finally breakout of 36/- resistance level after 3 months of accumulation at 33 - 34 level. Extension levels 45 - 50. I expect this rally to overtake simba's.



The demand for Equity Bank is too strong and supply is drying up.....Ksh 40 may be surpassed as early as tomorrow. We may see Ksh 45 for equity bank if safaricom breaches the Ksh 10 price and KCB goes above Ksh 50.

Happy Hunting.

People buying memba now will be smiling soon. I am in for strong buy
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SittingPretty
#100 Posted : Tuesday, November 26, 2013 12:42:00 PM
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Joined: 2/16/2013
Posts: 123
Location: MSA
stocksmaster wrote:
hisah wrote:
Member finally breakout of 36/- resistance level after 3 months of accumulation at 33 - 34 level. Extension levels 45 - 50. I expect this rally to overtake simba's.



The demand for Equity Bank is too strong and supply is drying up.....Ksh 40 may be surpassed as early as tomorrow. We may see Ksh 45 for equity bank if safaricom breaches the Ksh 10 price and KCB goes above Ksh 50.

Happy Hunting.

Got this thing a while back at Ksh32.5. but its still measly. Wonder when that prediction will happen.
I have bet 70% in financial and need to cutback. @hisah @Vituvingisana would you bet on Kengen long term!
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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