Cde Monomotapa wrote:mwanahisa wrote:@Cde, KCB surprised on the downside in Q1. I know you follow this counter extremely closely. What do you expect to come out of their "kitchen"?
I have observed that KCB is good at QoQ growth. The momentum for 2010 Q1 started at 15% to close at 56%. This year Q1 has kicked off @33%. Ceteris Parabus we can close @100% especially now that all Subsidiaries are in the green..some spice should come in from T-Bill income, spike in fees & commissions due to increased business & forex income thanks to the high volatility. Downside includes one-off consolidation/rationalization costs (which should be lower than expansion costs anyway), increase in provisions for bad debts & increase in utility costs (elec)-misc. costs.
Ok its now official that member will be the 1st to announce its earnings among the banking fraternity...which is a bullish thing to me...now lets wait for KCB to do 100%...
well agency banking is not a non starter as most pple would put it...one thing I like about agency banking it helps in cutting costs of setting up a real branch, it helps i reducing lines at banking halls..it increases the level of penetration among the unbanked I.e people in rural areas