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 ...
Summary Sanlam 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 Sanlam Ltd (Sanlam) is a diversified financial services company. The company's primary activities include life insurance, general insurance, investment management, and wealth management. Sanlam offers a wide...
An African giant in the Banking space We initiate coverage of Standard Bank Group (SBK) with a BUY recommendation and a target price of R217.00. SBK is currently trading at a 19% discount relative to our target price, which is a combination of three valuation methods. Our Discounted Dividend valuation yielded a target price of R189.14, while our Gordon’s Growth valuation and Residual Income valuation for the bank came in at R224.12 and R19...
NEDBANK GROUP (ZA), a company active in the Money Center Banks industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 4 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date March 1, 2022, the closing price was ZAR 221.85 and its expected value was estimated at Z...
The independent financial analyst theScreener just slightly lowered the general evaluation of CAPITEC BANK (ZA), active in the Money Center Banks industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis...
The independent financial analyst theScreener just slightly lowered the general evaluation of ABSA GROUP (ZA), active in the Money Center Banks industry. As regards its fundamental valuation, the title confirms its rating of 3 out of 4 stars. Its market behaviour, however, has slightly deteriorated and can be now qualified as moderately risky. This risk increase, even if marginal, forces theScreener to slightly downgrade the title, which now displays an overall rating of Slightly Positive. As of...
The general evaluation of STANDARD BANK GROUP (ZA), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date January 4, 2022, the closing pr...
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.
Nedbank's (NED) FY '19 pre-close guidance reflected the impact of challenging operating conditions in SA, as management's guidance for revenue growth and credit impairment charges was disappointing. In our view, NED continues to gain market/revenue share in the SA market. Therefore, we believe NED's performance reflects weak earnings growth opportunities for banks in the SA market in H2 '19. While many of the key trends were similar to management's commentary after the H1 '19 results, the outc...
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...
Standard Bank's (SBK) Q3 '19 trading update reflected a disappointing trend, as headline earnings declined 1% y/y in Q3 '19 (+2% y/y for the first nine months of 2019). While most of the decline in earnings was probably due to continued losses in ICBCS Plc, we believe the result implies a weaker quarter for SBK's Banking activities (or SA / African banking operations). Despite the Q3 result, we believe the bank's earnings growth prospects remain strong. SA retail credit growth, advances and c...
A director at Capitec Bank Holdings Limited sold 34,000 shares at 1,334.500ZAR 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...
• We met with the Guaranty Trust Bank (GTB) CFO last week. Management noted that the bank's operations trends in Q3 ‘19 had been in line with management's guidance after the interim results. In our view, GTB's performance has been positive YTD given the challenging operating environment in Nigeria. However, due to regulatory risks (CBN increasing minimum LDR) and the impending entry of major telcos (e.g. MTN) into the mobile money banking space, we caution that asset quality and the Bank'...
Capitec's H1 '20 results highlighted that the bank's earnings growth prospects remain strong despite challenging SA economic conditions. Capitec is managing its loan book towards higher quality and higher growth segments of the SA unsecured lending market. Despite 20% CAGR in earnings over the next three years, we find the stock expensive at current levels. In our view, muted SA economic growth and deteriorating consumer credit health represents the greatest threat to Capitec's earnings growt...
A director at Standard Bank Group Limited sold 100,587 shares at 185.055ZAR 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 tw...
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 ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.