MediaCorp is now an Agent of Faida Securities. This will give us an opportunity to test our locally developed online trading tools besides the research we provide.<br><br>---------- Forwarded message ----------<br><span class="gmail_quote">
From: <b class="gmail_sendername">Stock Detective</b> <<a href="mailto:stock.detective@mediacorp.co.ke">stock.detective@mediacorp.co.ke</a>><br>Date: Oct 22, 2007 1:16 AM<br>Subject: Week42 - Nairobi Stock Exchange<br>
To: <a href="mailto:mediacorp.research@mediacorp.co.ke">mediacorp.research@mediacorp.co.ke</a><br><br></span><span class="gmail_quote"></span>
<font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"><img src="cid:image003.jpg@01C81446.CE20EE30" height="50" width="211"><sup><font color="black"><span style="color: black;">©</span></font>
</sup></span></font><div link="blue" vlink="purple" lang="EN-GB"><div>
<p style="text-align: justify;"><b style="color: rgb(153, 0, 0);"><sup><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">Nairobi</span></font></sup></b><b><sup style="color: rgb(153, 0, 0);">
<font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;"> Stock Exchange – Authorised Information Vendor</span></font></sup><font color="blue" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; color: blue; font-weight: bold;">
<span style="font-weight: bold;"><br style="color: rgb(153, 0, 0);"><span style="color: rgb(153, 0, 0);"></span></span></span></font></b><b><font color="blue" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; color: blue; font-weight: bold;">
<span style="font-weight: bold;"><span style="color: rgb(153, 0, 0);">Faida Securities - </span></span></span></font></b><b><font color="blue" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; color: blue; font-weight: bold;">
<span style="font-weight: bold;"><span style="color: rgb(153, 0, 0);">Licensed Agent </span></span></span></font><u><font color="blue" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; color: blue; font-weight: bold;">
<span style="text-decoration: underline;"><span style="font-weight: bold;"><br></span></span></span></font></u></b></p><p style="text-align: justify;"><b><u><font color="blue" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; color: blue; font-weight: bold;">
<span style="text-decoration: underline;"><span style="font-weight: bold;"></span>19th October 2007</span></span></font></u></b></p>
<h2 style="text-align: justify;"><b><u><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;" lang="EN-US">Commercial and Services
Sector</span></font></u></b></h2>
<p style="text-align: justify;"><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">1) EQUITIES</span></font></b></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">The Chairman of NSE, Jimnah Mbaru
is convinced that the index graph below will tear to the roof top by next year
to the level of 7,000 points. MediaCorp Stock Detectives feel that this
statement holds water especially because of the Safaricom IPO effect in the market. Whether it comes
this year or next year, the savvy investor should continue preparing for the
same. The Attorney General has given the legal green light and Treasury
mandarins have rolled up their sleeves and signed the winning bids into contract. Achieving
1,800 index points in the next year is therefore possible as the Chairman projects.</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">The NSE 20-share index was up 5.98%
during the week to close at 5175.80 points. Capitalization is also
picking up now.</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"><img src="cid:image004.jpg@01C81446.CE20EE30" height="138" width="290"><img src="cid:image005.jpg@01C81446.CE20EE30" height="138" width="290">
</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"></span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
MAIN INVESTMENT
MARKET SEGMENT (MIMS)</span></font></b></p>
<p style="text-align: justify;"><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">Agricultural
Sector</span></font></b><br><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">Nothing much to report in this
sector. We were really hoping to see more of branded Sasini tea and coffee
retailing in kiosks and supermarkets but it seems it is really not kicking for
this sector though supply is poor in the market. Company reports in this sector
cited rains and other 'acts' of God in determining profitability
but we need to push these companies to show us the money in terms of branded
products up for sale. If Kenyan Coffee is used to blend and improve other
brands, why is this sector slow and disappointing to investors? We traded 395,000
shares, which accounted for 0.76% of the week's traded volume. Rea-vipingo
up 7.90% to shs.19.80 moved 75,000 shares. Sasini Ltd moved 269,000 shares at between
shs.14.00 and shs.17.00</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"></span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
Commercial and
Services Sector</span></font></b><br><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">Interesting sector this week as all
counters had an increase in share price. Scangroup up Kshs 2 after announcing its
partnership with Millward Brown. Our detectives went deep into google to rake
more information for you. We discovered Milward is internationally recognised in brand, media
and communications research. Millward has a presence in 43 countries and works
with 70 of the top 100 brands in the world. Its time they helped Sasini out. <br></span></font></p><p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">We had
9.7M shares traded, which accounted for 18.66% of the week's traded
volume. CMC Holdings competitively moved 4M shares at between shs.15.00 and
shs.16.50. Nation Media Group up ten shillings to shs.290.00 sold 75,000
shares. AccessKenya moved 2.4M shares at between shs.16.50 and shs18.90. </span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"></span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
Financial Sector</span></font></b><br><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">The latest entry in this sector was
in the news again. Parliament cleared Equity Bank of any anomalies in their
business and as if to rub salt into the wound, the bank reported a cool <span>after tax profit growing by 126 per cent to Sh1.2 billion to
September on double digit growth in income from loans and transaction fees,
mainly from increased ATM usage. </span>Financials had 26M shares traded and
represented 49.86% of the weeks traded volume. Equity share gained Kshs 16 this
week<br><br>CFC is the other interesting case. Shares
here are in demand and the counter closed up Kshs 10 at Kshs 131. The shareholding
structure has been complex but the bottom line is that the South Africans want
a piece of the financial sector in Kenya. So go ahead and buy low and
sell high to them at a tidy profit.</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"><img style="width: 389px;" src="cid:image007.jpg@01C81446.CE20EE30"></span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">KCB was the week's biggest
mover, with 9.9M shares changing hands at between shs.24.00 and shs.27.00. NIC
Bank was up 18.06% to close the week at shs.170.00 on a volume of 217,000
shares. Kenya Re moved 8.2M shares at between shs.15.25 and shs.16.00. </span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"></span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
Industrial and
Allied Sector</span></font></b><br><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">In this sector, Bamburi Cement
announced it will spend kshs 6.7 Billion to expand its subsidiary in Hima
Cement in Western Uganda and double the plant's
capacity. The economy is indeed growing because we are not satisfying the
demand. The Jomo Kenyatta International
Airport expansion programme
is actually being slowed due to lack of timely cement delivery. The economy is
growing and and any company doing cem,ent is making money. You are safe with
any of these stocks.</span></font></p>
<p style="text-align: justify;"><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">This sector had 12.8M shares, which
accounted for 24.58% of the week's traded volume. Mumias Sugar was the most
heavily traded counter in this sector, with 6.8M shares dealt at between
shs.38.50 and shs.45.00. KenGen up 8.82% to shs.27.75 moved 3M shares.</span></font></p>
<p style="text-align: justify;"><font style="font-weight: bold;" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">A</span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
LTERNATIVE
INVESTMENT MARKET SEGMENT (AIMS).</span></font></b><br><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">This market segment had 154,000
shares, which accounted for 0.29% of the week's volume. Express Ltd moved 148,000
shares during the week and closed at shs.23.00. </span></font></p>
<p><font style="font-weight: bold;" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;">A</span></font><b><font face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana; font-weight: bold;">
NNOUNCEMENT<br>Mediacorp is now a
licensed agent of Faida Securities Limited. Besides the in-depth analysis of
the market, we will also transact your orders with speed and diligence. For more
details, please email us. <a href="mailto:info@mediacorp.co.ke" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">info@mediacorp.co.ke</a>
</span></font></b><font color="maroon" face="Verdana" size="1"><span style="font-size: 9pt; font-family: Verdana;"><br><br></span><span style="font-size: 8pt; font-family: Verdana; color: maroon;">Bildad Kagai<br>
MD - MediaCorp Limited</span></font><font color="maroon" face="Verdana" size="1"><span style="font-size: 8pt; font-family: Verdana;"></span><br><span style="font-size: 8pt; font-family: Verdana; color: maroon;"></span></font>
</p><p><font color="maroon" face="Verdana" size="1"><span style="font-size: 8pt; font-family: Verdana; color: maroon;">Faida Securities Limited - Licensed Agent<br>Nairobi</span></font><font color="maroon" face="Verdana" size="1">
<span style="font-size: 8pt; font-family: Verdana; color: maroon;">
Stock Exchange Authorised Information Vendor<br>Suite B2,
Tetu Apartments, State House
Avenue<br>
P. O. Box 20311 -
00200<br>
Nairobi, Kenya<br>
Tel.<span><span title="Change country code ..."><span></span><span></span></span><span title="Call this phone number in Kenya with Skype: +254202728332"><span> <span onmouseup="SetCallButtonPressed(this, 0,0)" onmousedown="SetCallButtonPressed(this, 1,0)" onmouseover="SetCallButton(this, 1,0);skype_active=CheckCallButton(this);" onmouseout="SetCallButton(this, 0,0);HideSkypeMenu();" class="skype_tb_injection" id="__skype_highlight_id">
<span title="Call this phone number in Kenya with Skype: +254202728332" onclick="javascript:doRunCMD(event, 'call','+254202728332');event.preventBubble();return false;" onmouseout="SetCallButtonPart(this, 0)" onmouseover="SetCallButtonPart(this, 1)" class="skype_tb_injection_right" id="__skype_highlight_id_right">
<span class="skype_tb_innerText" id="__skype_highlight_id_innerText">254 20 272 8332</span><span style="background-image: url(chrome://skype_ff_toolbar_win/content/cb_normal_r.gif);" class="skype_tb_injection_left_img" id="__skype_highlight_id_right_adge">
</span></span></span></span><span> </span></span></span><br>
Fax. Rendered Obsolete<br>
</span></font><font face="Verdana" size="1"><span style="font-size: 8pt; font-family: Verdana;"></span></font>
<font color="maroon"><span style="color: maroon;"><a href="http://www.mediacorpafrica.com" target="_blank" onclick="return top.js.OpenExtLink(window,event,this)">www.mediacorp.co.ke</a></span></font><font face="Verdana" size="1">
</font></p>
</div>
</div>