21-NOV-2016 Weekly report - Week 47 Top Gainers & Losers Week Close w-o-w % Shares Traded Market Summary Gainers KenolKobil Ltd 15.7 25.6% 6,665,100 The equities market was on a downward trend with NSE 25, NASI and NSE 20 Mumias Sugar Co. Ltd 1.4 17.4% 3,151,600 declining by 1.2%, 1.0% and 0.8%, respectively, driven by declines in large cap stocks Uchumi Supermarket Ltd 3.4 11.5% 175,200 such as Equity Group, DTBK and Co-op Bank, which lost 5.5%, 5.2% and 1.8%, Standard Group Ltd 22.0 6.0% 1,200 TPS Eastern Africa Ltd 19.5 5.4% 5,700 respectively. Housing Finance Group, NIC Bank, I&M Bank and Stanbic Bank Kenya Losers released Q3’2016 results recording core EPS growth of 7.8%, (6.4%), 16.5% and E.A.Portland Cement Co. Ltd 20.0 -13.0% 2,800 24.1%, respectively, while Family Bank and Nairobi Securities Exchange issued profit Athi River Mining 25.8 -10.4% 135,500 warnings for FY’2016 NIC Bank Ltd 28.5 -8.8% 45,900 Currency Nairobi Securities Exchange Ltd 14.1 -8.8% 1,256,200 Home Afrika Ltd 1.1 -8.3% 1,615,700 The Kenyan shilling weakened against the dollar due to increased demand from Actively Traded multinational companies for dollars to make their dividend payments Safaricom Ltd 19.9 -0.5% 54,193,100 On a YTD basis, the shilling has appreciated by 0.4% against the dollar. In recent KenolKobil Ltd 15.7 25.6% 54,193,100 weeks, we have seen the months of import cover decline below the 1-year average of The Co-operative Bank of Kenya Ltd 13.9 -1.8% 6,665,100 4.9 months, and is currently at 4.76 months, down from 4.80 months the previous KenGen Co. Ltd 6.1 -1.6% 6,032,100 week. Just 1-month ago, on 6th October 2016, there was 5.2 months of import cover. KCB Group Ltd 30.5 -0.8% 5,371,800 Market Perfomance Previous Today %Change Forex Shares traded 110,140,200 100,855,000 -8.43% Previous Today %Change Equity Turnover (KES) 2,631,293,575 1,899,840,112 -27.80% US D/KE S 101.74 101.89 -0.151% Market Cap (KES Bill) 2,029 1,991 -1.87% STG Pound/KES 128.40 126.70 1.341% Market Cap (USD Mil) 19.9 18.7 -6.34% E uro 110.77 108.09 2.484% JP Y (100) 95.57 90.23 5.918% NSE-20 Share Index 3,264 3,266 0.05% KE S /US H 34.77 35.57 -2.249% NSE All Share Index 140 137 -1.86% KE S /T S H 21.45 21.39 0.285% NSE 25 Share Index 3,692 3,648 -1.20% S A RAND 7.08 7.21 1.728% 91-day Treasury Bills 8.23 8.326 1.17% 182-day Treasury Bills 10.3 10.37 0.68% 364-day Treasury Bills 10.717 10.825 1.01% Source: KCB ANALYSIS & COMPANY REPORTS 1 Source: KCB ANALYSIS & COMPANY REPORTS Average T otal Forward Return Return P rice SECURITY Prices as at S hares Mkt Cap. EPS Earnings Forward P /E Dividend E arnings on on Book to 24/10/2016 Issued Kshs Mn. Total Earnings EPS (annualized) Growth DPS P /E P /E Share Value Y ield Y ield E quity Asset V alue Book S T AT US AGRICULTURAL FY 2015 Eaagads Ltd Ord 1.25 AIMS 17.90 32,157,000 5,488.00 527,686,999 16.41 19.28 17% 0.00 1.09 0.93 21.03 0.00% 91.67% 76.26% 69.33% 21.52 0.83 FY 2015 Kakuzi Ltd Ord.5.00 280.00 19,599,999 625.92 527,687,000 26.92 31.63 17% 5.00 10.40 8.85 328.98 1.79% 9.62% 15.32% 11.58% 175.71 1.59 FY 2015 Kapchorua Tea Co. Ltd Ord Ord 5.00 AIMS 80.00 7,824,000 954.00 234,322,000 29.95 37.70 26% 5.00 2.67 2.12 100.72 6.25% 37.44% 16.41% 11.82% 182.47 0.44 FY 2015 The Limuru Tea Co. Ltd Ord 20.00 AIMS 530.00 1,800,000 4,150.61 3,044,000 1.69 1.94 15% 1.00 313.40 272.57 609.40 1.27% 0.32% 1.20% 0.89% 141.26 3.75 FY 2015 Sasini Ltd Ord 1.00 18.20 228,055,500 2,994.66 1,101,212,000 4.83 6.58 36% 1.25 3.77 2.77 24.79 1.75% 26.53% 8.15% 6.86% 59.23 0.31 FY 2015 W illiamson Tea Kenya Ltd Ord 5.00 AIMS 171.00 17,512,640 0.00 738,209,000 42.15 45.68 8% 40.00 4.06 3.74 185.31 23.39% 24.65% 10.59% 7.95% 397.99 0.43 306,949,139 14,213 3,132,160,999 S ector P E 4.54 AUTOMOBILES & ACCESSORIES FY 2015 Car & General (K) Ltd Ord 5.00 27.00 40,103,308 1,082.79 127,147,000 3.17 3.74 18% 0.00 8.52 7.22 31.85 0.00% 11.74% 4.21% 1.41% 75.33 0.36 FY 2015 Marshalls (E.A.) Ltd Ord 5.00 9.00 14,393,106 129.54 (694,000) -0.05 -0.03 28% 0.00 -186.65 -259.08 -6.48 0.00% -0.54% -0.25% -0.11% 19.43 0.46 FY 2015 Sameer Africa Ltd Ord 5.00 2.80 278,342,393 779.36 (16,552,700) -0.06 -0.05 15% 0.00 -47.08 -55.67 -2.37 0.00% -2.12% -0.65% -0.43% 9.11 0.31 332,838,807 1,992 109,900,300 S ector P E 18.12 BANKING HY 2016 Barclays Bank of Kenya Ltd Ord 0.50 8.95 5,431,536,000 48,612.25 4,786,928,000 0.88 0.81 -8% 1.00 10.16 11.05 8.23 11.17% 9.85% 13% 2% 6.92 1.29 HY 2016 Diamond Trust Bank Kenya Ltd Ord 4.00 129.00 266,321,115 34,355.42 6,754,916,000 25.36 16.52 -35% 2.50 5.09 7.81 84.03 1.94% 19.66% 17% 2% 153.59 0.84 HY 2016 Equity Group Holdings Ltd Ord 0.50 30.25 3,773,674,802 114,153.66 20,159,870,000 5.34 1.17 -78% 2.00 5.66 25.94 6.60 6.61% 17.66% 27% 5% 19.98 1.51 HY 2016 Housing Finance Group Ltd Ord 5.00 14.25 352,416,667 5,021.94 1,225,106,000 3.48 12.49 259% 1.30 4.10 1.14 51.18 9.12% 24.40% 11% 2% 31.17 0.46 HY 2016 I&M Holdings Ltd Ord 1.00 95.00 392,362,039 37,274.39 6,966,528,000 17.76 11.21 -37% 2.90 5.35 8.47 60.00 3.05% 18.69% 24% 4% 74.33 1.28 HY 2016 KCB Group Ltd Ord 1.00 30.50 3,066,056,647 93,514.73 21,000,506,000 6.85 1.44 -79% 2.00 4.45 21.25 6.39 6.56% 22.46% 23% 4% 29.67 1.03 HY 2016 National Bank of Kenya Ltd Ord 5.00 7.80 308,000,000 2,402.40 622,588,000 2.02 14.29 607% 0.00 3.86 0.55 55.12 0.00% 25.92% 5% 1% 36.90 0.21 HY 2016 NIC Bank Ltd Ord 5.00 28.50 639,945,603 18,238.45 4,610,204,000 7.20 6.88 -5% 1.25 3.96 4.15 27.20 4.39% 25.28% 16% 3% 44.21 0.64 HY 2016 Stanbic Holdings Plc ord.5.00 69.00 395,321,638 27,277.19 10,452,628,000 26.44 11.13 -58% 6.15 2.61 6.20 29.05 8.91% 38.32% 24% 4% 110.24 0.63 HY 2016 Standard Chartered Bank Kenya Ltd Ord 5.00 191.00 343,510,571 65,610.52 14,820,168,000 43.14 12.81 -70% 17.00 4.43 14.91 56.71 8.90% 22.59% 26% 4% 168.55 1.13 14,969,145,082 446,461 91,399,442,000 S ector P E 4.88 COMMERCIAL AND SERVICES HY 2016 Atlas African Industries Ltd GEMS 1.05 1,497,370,885 1,572.24 (31,106,000) (0.0) (0.0) 13% 0.00 -50.54 -44.92 1.18 0.00% -1.98% -34.9% -7.4% 0.06 17.65 FY 2015 Express Kenya Ltd Ord 5.00 AIMS 3.25 35,403,790 115.06 (26,225,000,000) (740.7) (621.40) -16% 0.00 0.00 -0.01 2.73 0.00% -22792.00% -73.4% -16.6% -1008.88 0.00 FY 2015 Hutchings Biemer Ltd Ord 5.00 20.25 360,000 7.29 71,726,000 199.2 222.22 12% 0.00 0.10 0.09 22.59 0.00% 983.90% 20.4% 10.6% 974.61 0.02 FY 2015 Kenya Airways Ltd Ord 5.00 6.35 1,496,469,035 9,502.58 4,423,000 0.0 0.00 13% 0.00 2148.45 1,900.52 7.18 0.00% 0.05% 8.9% 2.8% 0.03 190.65 HY 2016 Longhorn Publishers Ltd Ord 1.00 AIMS 4.95 369,940,476 1,831.21 3,178,000,000 8.6 7.84 -9% 0.35 0.58 0.63 4.52 7.07% 173.55% 32.6% 32.1% 26.33 0.19 FY 2015 Nairobi Business Ventures Ltd Ord.