obiero wrote:VituVingiSana wrote:obiero wrote:Exchange Bar Quarterly Forecast for Q3 2019, PBT figures in KES B:
KCB 26.8
EQTY 25.1
COOP 15.5
NCBA 10.6
SCBK 10.1
I&M 9.1
BBK 9.1
STANB 9
DTB 8.8
HFCK 0.012
Not so long ago, who would have thought I&M and DTB would be at the same level as BBK?
BBK used to ahead of everyone leaving SCBK a distant 2nd. KCB used to be 3rd.
Equity is the star coming from almost nothing to top status.
COOP with the new outlets in key catchment areas is bound to increase profits in the next 2 years
I prefer Equity in the top tier banks.
DRC + the Atlas Mara acquisition has given it a solid East, Central and Southern (ex-SA) African presence. It will take 2-3 years to consolidate/integrate these but then the synergies can start producing solid results.
COOP is in SS and Kenya. The latter is very competitive. The former is unlikely to see peace in the near future.
KCB's forte is Kenya with the benefits of being a gov't bank but relatively small elsewhere even in EAC.
NIC-CBA will take at least 1 year to integrate their systems and cultures. Kenya remains by far the largest market.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett