Summary Marketline's Absa Bank Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Absa Bank Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments...
Summary Absa Bank Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Absa Bank Ltd (Absa Bank), a subsidiary of Absa Group Limited, is a provider of a range of banking products and related financial solutions. Its offerings consist of a range of deposits and accounts such ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
FirstRand (FSR) will release H1 '20 (to Dec '19) results on 10 Mar '20. Based on our pre-close discussion with management, we have reduced our earnings growth expectations due to lower revenue growth (particularly lower non-interest revenue and lower NIMs) and higher than expected growth in operating expenses (management expects flat or negative JAWS). While the muted earnings growth is disappointing, the outcome highlights that FSR continues to gain profitable market share in FNB SA.
A director at FirstRand Limited sold 200,000 shares at 67.513ZAR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
FirstRand's FY '19 results showed an encouraging operational performance, as FNB's earnings increased 11% y/y. FSR's countercyclical investment in new product capabilities (historic investment supported the FY ‘19 results) continues to stand out compared to peers, as FNB SA's operating expenses increased 9% y/y compared to c.4% average cost growth for SA peers (excluding restructuring costs). In our view, FSR's share price offers attractive upside and higher quality earnings growth compared ...
We expect the big five SA banks (ABG, CPI, FSR, NED and SBK) to continue reporting earnings growth ahead of SA nominal GDP (forecast 6%) over the next three years. We expect cost containment, retail lending growth, the banks' operations outside SA and SA interest rate cuts (keeping credit impairment charges low) to support earnings growth. We also believe that the diversification of SA banks' corporate lending should result in benign credit write-offs compared to previous cycles. In our view,...
The big five SA banks (ABG, CPI, FSR, NED and SBK) can each earn returns in excess of the cost of capital through-the-cycle given their scale and profitability, in our view, despite numerous new fintech players. In our analysis, Capitec and FirstRand (FSR) achieved the highest franchise scores while ABSA (ABG) received the lowest score. However, we believe ABG is penalised for historic underperformance. Over the last 18 months, ABG has restructured its segments and the management structures, ...
FirstRand's (FSR) H1 '19 results showed strong revenue and earnings growth in FNB and a stabilisation in WesBank credit impairment trends. FSR's investment in its banking capabilities supported the growth in earnings. However, we believe the results also highlight FSR's early success in its earnings diversification strategy through bancassurance.
FirstRand's FY '18 results reflect a mixed performance, as FNB delivered exceptional results (earnings +16% YoY), while WesBank's earnings declined 17% YoY in H2 ‘18. We believe earnings growth for WesBank Retail SA remains challenging in FY ‘19f as FSR further reduced risk appetite after year-end.
•SLM's FY'17 results based on an analysis of the change in the director's valuation (GEV). The return on GEV for the period was 14.8%, ahead of management's SA risk free rate plus 4% target. The GEV increased 10% YoY while the SLM share price increased 36% in CY'17. SLM currently trades at a 58% premium to the director's valuation. •SLM and SNT's purchase of the remaining 53.37% of SAHAM Finances through SEM. SAHAM Finances appears sub-scale with an underwriting margin of -0.7% in FY'17...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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