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KCB FY2014 results PBT up 18%
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Metasploit
#41 Posted : Thursday, February 26, 2015 1:56:52 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
Metasploit wrote:
mwekez@ji wrote:
mlennyma wrote:
mwekez@ji wrote:
littledove wrote:
mlennyma wrote:
the market is not reacting to the news meaning we should expect a good dip when the news fade

a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow

The results are okay. They are in line with the expectations of many

with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close.

The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63


The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels



And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects



“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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mlennyma
#42 Posted : Thursday, February 26, 2015 2:21:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Metasploit wrote:
Metasploit wrote:
mwekez@ji wrote:
mlennyma wrote:
mwekez@ji wrote:
littledove wrote:
mlennyma wrote:
the market is not reacting to the news meaning we should expect a good dip when the news fade

a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow

The results are okay. They are in line with the expectations of many

with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close.

The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63


The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels



And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects



I still believe equity share has factored assumed income which might not come
"Don't let the fear of losing be greater than the excitement of winning."
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littledove
#43 Posted : Thursday, February 26, 2015 2:50:03 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Metasploit wrote:
Metasploit wrote:
mwekez@ji wrote:
mlennyma wrote:
mwekez@ji wrote:
littledove wrote:
mlennyma wrote:
the market is not reacting to the news meaning we should expect a good dip when the news fade

a demand of 4.9 million shares at 59 which was placed yesterday is what is holding this share for now, the results are also not bad, a correction will be shallow

The results are okay. They are in line with the expectations of many

with that good result I would have expected a rally, there will be dry spells between now,first quarter and books close.

The results were factored in the price. Think of it, at what price would you value KCB at the current EPS of Kes. 5.63


The volumes and price towards result wasnt convincing!!the price has failed to break over the 60 resistance in more than 5 cycles..Expect a correction to 52-54 levels



And equity has started to chicken out in what was to be a good rally after breaking above the 51 handle #KCB#CFC Effects



pace setters are always very important, the market will be shaken, the counters i have in my portfolio reports late march and early april, i feel some how worried by the trend set today
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Pesa Nane
#44 Posted : Thursday, February 26, 2015 3:27:20 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
D&B Commentary

Quote:

Our view.

 We expect a further growth in loan book in 2015 driven by increased appetite for credit. Personal loans and Agricultural loans will be the key drivers of this growth.

 We expect accelerated growth in non-interest income driven by increased use and efficiencies in the bank’s alternative channels such as agency banking, mobile banking and Bancassuarance.

 Non-performing loans have come down significantly.
However, we expect the NPL ratios to remain at c.6-6.5
percent driven by more uptake of personal loans.

 Customer deposits are expected to maintain the fast growth, mainly from increased customer numbers and further integration and use of the mobile banking platform.

Pesa Nane plans to be shilingi when he grows up.
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mazingira
#45 Posted : Thursday, February 26, 2015 3:51:01 PM
Rank: Member

Joined: 10/26/2012
Posts: 136
Pesa Nane wrote:
D&B Commentary

Quote:

Our view.

 We expect a further growth in loan book in 2015 driven by increased appetite for credit. Personal loans and Agricultural loans will be the key drivers of this growth.

 We expect accelerated growth in non-interest income driven by increased use and efficiencies in the bank’s alternative channels such as agency banking, mobile banking and Bancassuarance.

 Non-performing loans have come down significantly.
However, we expect the NPL ratios to remain at c.6-6.5
percent driven by more uptake of personal loans.

 Customer deposits are expected to maintain the fast growth, mainly from increased customer numbers and further integration and use of the mobile banking platform.




If this region of the world is seen as the powerhouse of the next economic boom then KCB is well posed to explode but so are equity and i hope safcom diversify into home internet and tv properly. I agree with the above in that Banks like KCB and Equity going to grow. I feel that definatley though rates on borrowings and savings will drop as demand for loans increases i see this stock pre 2017 election touching near 80
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Kausha
#46 Posted : Thursday, February 26, 2015 4:24:30 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
The price had factored in the results. Once the big buyer in the market is done buying we will be back to 55 till Q1 results.
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mlennyma
#47 Posted : Thursday, February 26, 2015 4:57:14 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kausha wrote:
The price had factored in the results. Once the big buyer in the market is done buying we will be back to 55 till Q1 results.

say 55 and below, that big order was there before the results even,it will not be surprising to find it withdrawn
"Don't let the fear of losing be greater than the excitement of winning."
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researchfirst
#48 Posted : Friday, February 27, 2015 11:20:24 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Ratios for the past five years are at http://rwandainvestor.co...ommercial-bank/ratios/.

2014
Profitability
Return on Assets: 3.4%
Return on Equity: 22.3%
Net Interest Margin: 9.7%
Interest Expense/Interest Income: 24.3%
Cost of Funds: 3.2%

Efficiency
Cost/Income Ratio: 50.2%
Costs/Average Assets: 7.8%
Personnel Costs/Total Operating Costs: 41.8%
Personnel Costs/Average Total Assets: 3.2%
Personnel Costs/Total Operating Income: 24.7%
Net Income/Total Operating Income: 29.1%
Total Operating Income/Average Assets: 13.2%

Liquidity
Net Loans/Total Assets: 57.9%
Total Deposits/Total Assets: 79.9%
Total Deposits/Total Liabilities: 94.4%
Interbank Borrowings/Total Deposits: 3.3%
Interest Earning Assets/Total Assets: 85.3%
Leverage (Total Liabilities/Equity), Times: 5.5

Asset Quality
NPL Coverage Ratio: 59.4%

Capital Adequacy
Core Capital/Risk Weighted Assets: 17.1%
Total Regulatory Capital/Risk Weighted Assets: 21.0%
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mlennyma
#49 Posted : Friday, February 27, 2015 2:43:45 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Digestion of results is getting on well.
"Don't let the fear of losing be greater than the excitement of winning."
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jwatesh
#50 Posted : Saturday, February 28, 2015 11:07:57 PM
Rank: Member

Joined: 8/19/2014
Posts: 125
The future plans of KCB that were not announce to shareholders, regional expansion and the various business opportunities KCB is targeting outside Kenya....I see bright future RINK: https://www.youtube.com/watch?v=rHpctQ9xPZU
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