FOCUS Holdings Limited KENYA

04/02/2025

Stocks to buy before book closure and enjoy dividend payment.
1. KPLC
2. EABL.
For more information call/WhatsApp 0797460028/0718917906

01/01/2025

Stocks to watch out in 2025:
1. Kenya Power
2. KenGen
3. Umeme
4. Stanbic Holdings
5. KCB
6. Standard Chartered Bank Kenya.
Reach out to us for more information.
0718917906

07/11/2024

Today’s News Highlights

▪ Trump win throws Kenya, US trade talks into doubt
Kenya's trade and investment deal with the United States that was set for conclusion next month has been thrown into uncertainty after Donald Trump was elected US president, capping a remarkable comeback four years after he was voted out.

▪ Shilling unmoved as dollar rallies on Republican's victory
The Kenya shilling remained relatively stable on Wednesday following the victory of Donald Trump in a US election that occasioned a sharp, one-day rally of the dollar against major world currencies.

▪ Private sector loans growth falls to low of 0.4 percent
Growth in lending by banks to the private sector slowed to a 22-year low of 0.4 percent in September, piling pressure on the Central Bank of Kenya (CBK) to lower its base rate despite concerns by the International Monetary fund that this could trigger fresh inflationary pressure.

▪ Why banks' lending rates are yet to fall
Commercial banks' loan interest rates are yet to move lower despite two successive cuts to the benchmark interest rate by the Central Bank of Kenya (CBK) to 12 percent from 13 percent.

▪ KenGen starts geothermal survey in Eswatini
KenGen is conducting exploration surveys in Eswatini to establish the country's geothermal energy potential, underlining its growing status as the go-to company in unlocking Africa's steam power

_Courtesy: Business Daily_

06/11/2024

Public announcement to HF GROUP PLC Shareholders :
Update Of contact Details on the shareholders ' Register.

01/11/2024

31/10/2024

Would you like to own a PRIME piece of land in Gatanga?
FREDS LIMITED is here for you.
Get a 1/4 acre plot today!
For more information calls/ WhatsApp us on : 0797460028/0718917906.

30/10/2024

Today’s News Highlights

▪ Kenya Power pays it's first dividend in six years
Kenya Power has resumed paying dividends ,ending a six-year drought for shareholders , after the firm posted a net profit of Sh 30.08 billion in the year ended June.

▪ Treasury's relief as Finance Act, 2023 reinstated
The treasury has won a major relief after the Supreme Court reinstated the Finance Act 2023, allowing the government to continue collecting higher taxes using the law amid financial challenges.

▪ IFC plans Sh2.58bn look for steel firm in Kenya, Ethiopia
The International Finance Corporation(IFC) plans to invest Sh 2.58 billion in steel maker Abyssinia Group of Industries(AGI) for expansion of it's production capacity in Kenya and Ethiopia and boosting working capital.

▪ KenGen doubles dividend payout after profit grows to Sh 6.8 bn
Electricity generator KenGen has more than doubled its dividend payout to Sh 0.65 per share after recording a significant increase in net profit for the year ended June 2024.

▪ Kenya Power, KenGen shares rally on dividend payouts
Kenya Power and KenGen shares gained by 49.7 percent and 31 percent respectively on Tuesday after the companies announced a sharp growth in profits and enhanced dividends for the full year to June 2024.

_Courtesy: Business Daily_

29/10/2024

KPLC FY24 Earnings [KES, YoY]:
🔷Revenue: +21% to 231.1B
🔷Gross Profit: +70% to 80.5B
🔷Gross Margin: +980bps to 34.6%
🔷Op. Profit: +116% to 41.5B
🔷PAT: +1042% to 30B [FY23: -3.2B]
🔷Net Margin: +878% to 13%
🔷Dividend: 0.70
Impressive!
Stock price: 3.50
Dividend yield: 20%

29/10/2024

Today’s News Highlights

▪ Infrastructure bonds fetch premium in secondary market
Bond buyers in the secondary market at the Nairobi Securities Exchange (NSE) have raised their demand for a pair of high interest infrastructure bonds (IFBs) floated in the last 12 months, looking to lock in the attractive returns as interest rates on new issuances continue to fall.

▪ HF Group stock falls 7.5pc on rights issue pricing in first trading session
HF Group's share price fell by 7.5 percent to Sh4.18 yesterday in the first trading session after the lender announced that its upcoming rights issue will be priced at Sh4 per unit when it opens in two weeks' time.

▪ Treasury reveals funding of counties over 11 years
Eleven counties have spent more than Sh100 billion each since the onset of devolution, a new statement shedding light on biggest beneficiaries of the devolved governance system shows.

▪ KRA starts integrating tax system with banks, telcos
The Kenya Revenue Authority (KRA) has started integrating its system with banks, money remittance firms and payment service providers like M-Pesa in fresh efforts to w**d out tax evaders and boost revenue by billions of shillings.

▪ Absa, Equity, Co- op, DTB, Sidian, KCB to handle SHIF contributions
The Social Health Authority (SHA) has designated six banks including KCB, Sidian Bank, Co-operative Bank, Equity Bank, Abasa Bank, and Diamond Trust Bank as the official collection accounts for employer contributions.

_Courtesy: Business Daily_

25/10/2024

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24/10/2024

Today’s News Highlights

▪ Kakuzi directors escalate fight with CMA over probe
Eight directors of Kakuzi Plc have petitioned the High Court to block the Capital Markets Authority (CMA) from investigating them over alleged conflict of interest and financial impropriety.

▪ Wholesale, retail sectors saddle banks with Sh143.7bn bad loans
The wholesale and retail sector has affected the banking sector, contributing to a fifth of all loan defaults as the shaky economy took its toll on traders.

▪ Nine commercial banks minted Sh110.39bn from government securities
Kenya's nine tier 1 banks made a total of Sh110.39 billion in interest income from their investment in government securities in six months.

▪ Local investor activity climbs at NSE, foreigners retreat
Local investors have gained prominence at the Nairobi Securities Exchange (NSE) over the past three months, reflecting reduced activity by their offshore counterparts in the market even as investment conditions improved abroad.

▪ Global market economists see mild pressure on the shilling in 2025
Research analysts at leading global banks, consultancies and think-tanks see the shilling weakening modestly against the US dollar next year on mounting investor jitters after the collapse of Finance Bill, 2024.

_Courtesy: Business Daily_

18/10/2024

Happy mashujaa Day