mwanahisa wrote:Simply put folks here worry that the non interest income is non-recurrent (will not be there next year(s)). Therefore the sustainability of the current profit level is being put in question. My own view is that those fears are captured in the current price so while I would not expect DTB's price to move too high, I am equally not concerned that there will be a meltdown.
@mwanahisa I personally haven't factored this non interest income... I bought DTB because of its increasing presence in the EAC and its rising loan book which I expect will produce no less than 15% profit growth next year on top of the 100% they give me this year...
That's a projected 17.6 EPS by Jan 2012 at sector P/E of 17 a
high of 300 bob is possible on the share price.... 130% returns in two years... What else do you need???
After all they still will be trading bonds next year so there will be some non interest income...
Mark 12:29
Deuteronomy 4:16