Kenyan stock report - Kenya Airways

KENYA

Kenya Airways tumbles 8.4% on robust volume September 18, 2018 15:00 EAT

NEWS BITES - AFRICA

Kenya Airways Ltd. (NR:KQNA), Kenya's 2nd largest Commercial and services company by market cap, has tumbled 75.0c (8.4%) from its last trading session of September 17 to close at KES8.20. Compared with the NSE 20-Share Index which fell 7.7 points (0.3%) in the day, the relative price change was -8.1%. The fall was exacerbated by robust volume of 1.6 times the average daily volume of 84,203 shares. Its MCap is KES12.3 billion (US$121.6 million).

Highlights in today's Report:

SECTION 1 BEARISH SIGNALS

SECTION 2 BULLISH SIGNALS

SECTION 3 PRICE VOLUME DYNAMICS

SECTION 4 RELATED NEWS

SECTION 5 RANKING

SECTION 6 PROFILE

SECTION 1 KENYA AIRWAYS BEARISH SIGNALS

Technicals:

Significant Downtrend: The stock continues its significant downtrend.

+ The price plummeted 11.4% in the last week.

+ The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 9.44 minus the 26-day EMA of 9.92 is negative 0.48 suggesting a bearish signal. Both EMA prices are falling, another bearish signal.

+ Falls to Rises: in the past month the number of falls outnumbered rises 10:5 or 2:1.

+ The stock has seen a fall of 34% in less than 5 months.

+ The present value of KES1,000 (PV1000) invested one year ago in Kenya Airways is KES456, for a capital loss of KES544.

PV10001-week1-month1-year
KQNA.NR886752456
NSE 20-Share Index973909783

+ The present value of KES1,000 (PV1000) invested three years ago in Kenya Airways is KES357, for a capital loss of KES643.

+ 3 years Multiplier in KES = 0.357x

+ Compound Annual Growth Rate (CAGR) in KES = -28.9%

Present Value of USD1,000 invested 3 years ago:

+ The present value of USD1,000 (PV1000) invested three years ago in Kenya Airways is $US372, for a capital loss of $US628.

+ 3 years ago USD 1 equalled KES 105.2632

+ 3 years Multiplier in USD = 0.372x

+ Compound Annual Growth Rate (CAGR) in USD = -27.9%

Sep 18, 2018: USD 1 equals KES 100.95

Low Performance Indicators and rank of Kenya Airways in the Kenyan market:

DescriptionKQNA ValueRank In Market
Price/MAP500.79In Bottom 7%
Price/MAP2000.65In Bottom Quartile
Price Change %-8.4In Bottom Quartile
Volatility %9.8In Bottom Quartile

SECTION 2 KENYA AIRWAYS BULLISH SIGNALS

2.1 Technicals:

+ The 0.6% premium to 12-month low of KES8.15 against the 68.0% discount to high of KES25.60 suggests the decline might be bottoming.

2.2 Oversold/Bullish/Support Signals:

+ At KES8.20 the price is below the lower Bollinger band support of KES8.35, indicating an upside for it to return to the band.

+ The Relative Strength Index (RSI) of 17.3 has breached the oversold line of 30, suggesting the price decrease of 21.9% in the last 14 days is unusually high.

+ The stock is oversold according to the Williams % R indicator of -98.2, suggesting the price is close to its 14-day low of KES8.15.

SECTION 3 KENYA AIRWAYS PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 135,900 shares worth KES1.1 million (US$11,353) traded today. In the past week, volume was 2.2 times average and the shares were down 11.4%.

Month-on-Month Price Volume Comparison (Trailing month - ended 17th)

17 Sep17 Aug17 Jul14 Jun17 May17 Apr
Price 17 Sep (KES)8.9510.711.31210.8512.9
% Price Change-14.8-5.37.1-15.912.7
Avg Daily Volume83,96284,72099,14697,516104,678109,670
VWAP (KES)10.4110.7311.0911.2912.2613.22
Price Range (KES)8.2 - 11.69.7 - 11.610.2 - 12.158.7 - 1210.4 - 139.55 - 13.5
Relative Price Change %-3.8-6.71.813.6-9.213.5
Volatility %41.519.619.137.92541.4

SECTION 4 KENYA AIRWAYS RELATED NEWS

Other News

+ BSS/News Bites:

Kenya Airways Ltd. is placed 33/33 in BSS News Bites' ranking of Kenyan performers in the past year, a percentile ranking of 3.

SECTION 5 KENYA AIRWAYS RANKING

Rank of Kenya Airways in the NSE 20-Share Index [out of 16 stocks], in the Total Kenyan Market [out of 40 stocks] and in the Commercial and services sector [out of 5 stocks]

DescriptionValueIn NSE 20-Share IndexIn Total Kenyan MarketIn Commercial and services sector
MCap (KES)12.3B11162
Total Assets (KES)182.1B472
Revenue (KES)110.2B231
Net Profit (KES)(25.7B)11305
Net Profit Margin %(23.4)10284
PV1000 (1Year) KES45616385

SECTION 6 KENYA AIRWAYS PROFILE

6.1 Activities

Kenya Airways operates in aviation industry. The Company is engaged in international, regional and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines and the handling of import and export cargo. The Company operates domestic flights and flies to 41 destinations in Africa, Middle East, Asia and Europe. The Company has 24 aircraft in operation, either owned or on operating leases. These comprised four Boeing 777 wide body jets, six Boeing 767 wide body jets, 10 737 narrow body jets, two Embraer 170 regional jets and two SAAB 340B turboprops

6.2 Issued Capital

Based on 1,496,470,000 issued shares the market capitalisation is KES12.3 billion (US$121.6 million).

COMPANY IDENTIFIERS

Physical Address: Airport North Road, Embakasi PO Box 19002 Nairobi, 00501 Kenya

State/Province/Country: Kenya

Exchange: The Nairobi Stock Exchange

ISIN: KE0000000307

NR:KQNA; KN:KQNA; KQNA.NR

RIC: KQNA.NR

Source: www.BuySellSignals.com