@mozenrat, there is something called a resistance level...

@all, 70% growth in the year 2009 when the Kenyan economy unofficially grew by around 2.5 % is great!!

The books should confirm that the growth to product innovation, cautious loan disbursements and low cost of funds based on a clear strategy to reduce the bad book, credit risk management and cost control have combined to propel this firm to growth.

Kenya's economy is seen growing by 4.2 % in 2010 and accelerating to 5.0 % in 2011, compared with an estimate of 2.5-3.0 % in 2009, boosted by recovery in tourism and agriculture and with deeper client pockets likely resulting in unabated construction, HFCK's star is looking bright.

@ecstacy..

Precisely my point. The resistance stems from its high PE. Buyers are just not willing to pay more for it.

It's easier for HF to improve performance than most of the other traded companies. Demand for housing(mortgages) will remain high and all they have to do is find ways of accommodating the different classes of people.