Kenyan stock report - Kenya Airways

KENYA

Kenya Airways drops 2.0% August 18, 2017 15:00 EAT

NEWS BITES - AFRICA

Kenya Airways Ltd. (NR:KQNA), Kenya's 3rd largest Commercial and services company by market cap, has dropped 10.0c (2.0%) from its last trading session of August 17 to close at KES4.90. Compared with the NSE 20-Share Index which fell 53.1 points (1.3%) in the day, the relative price change was -0.7%. The volume was 0.5 times the average daily trading volume of 626,520 shares.

SECTION 1

KENYA AIRWAYS BEARISH SIGNALS

1.1 Technicals:

+ The present value of KES1,000 (PV1000) invested five years ago in Kenya Airways is KES365, including a capital loss of KES642 and dividend reinvested of KES7.

+ 5 years Multiplier in KES = 0.365x

+ Compound Annual Growth Rate (CAGR) in KES = -18.3%

Aug 18, 2017: USD 1 equals KES 104.17

1.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 72.0 has penetrated the overbought line of 70, suggesting the price gain of 12.6% in the last 14 days is unusually high.

1.3 Low Performance Indicators:

DescriptionValueRank In Market
Volatility %7.4In Bottom Quartile
Price/MAP500.96In Bottom Quartile
Price/MAP2000.84In Bottom 6%

SECTION 2

KENYA AIRWAYS BULLISH SIGNALS

Technicals:

+ The present value of KES1,000 (PV1000) invested one year ago in Kenya Airways is KES1,256, for a capital gain of KES256.

PV10001-week1-month1-year
KQNA.NR1,0431,0891,256
NSE 20-Share Index1,0041,0611,146

SECTION 3

PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 315,500 shares worth KES1.6 million (US$14,892) traded today. In the past week, volume was 1.7 times average and the shares were up 4.3%.

+ Kenya Airways is at a discount of 36.4% to its 12-month high of KES7.70 on November 14, 2016. It is also at a premium of 48.5% to the 12-month low of KES3.30 on September 20, 2016.

3.2 Performance Indicator:

DescriptionValueRank In Market
Today's TurnoverKES1.6 million (US$14,892)In 3rd Quartile

3.3 Turnover Rate & Turnover Period:

+ The turnover rate in the 12 months to date was 10.8% (or a turnover period of 9 years 2 months). This average length of ownership of the stock at 0.6 times the average holding period of 14 years 4 months for stocks in the NSE 20-Share Index suggests a slightly larger number of speculators on the share register, making it less safe for long-term investors.

3.4 Month-on-Month Comparison (Trailing Month - ended 17th)

17 Aug17 Jul16 Jun17 May13 Apr17 Mar
Price 17 Aug (KES)555.756.66.35.6
% Price Change-4.8-17.94.89.67.7
Avg Daily Volume625,483642,501638,865600,662612,016629,613
VWP (KES)5.466.16.316.075.65.54
Price Range (KES)3.9 - 5.44.6 - 6.14.65 - 7.355.85 - 7.355.15 - 6.64.95 - 6.5
Relative Price Change %-10.6-8.1-27.80.84.96.5
Volatility %38.532.658.125.628.231.3

SECTION 4

PEER GROUP ANALYSIS & RANKING

4.1 Global Peer Group Analysis (all figures in USD)

NameRelative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
Asiana Airlines74835.1M777.95.3B46M7.2B
Icelandair42729.1M634.21.2B111.3M972M
Aegean Airlines91714.8M1,385.61B88.8M694.1M
Garuda Indonesia49655.8M722.03.9B8.1M3.7B
AirAsia X41198.1M702.8930.3M48.8M1B
Avianca Holdings48130.6M1,098.64.1B44.2M6.4B
Kenya Airways5070.4M1,230.81.1B(252.3M)1.8B
Air Berlin2655.7M645.84.6B(535.7M)1.6B
Transaero Airlines193.6M217.01.8B(299.5M)2B

Global Peer Group Analysis (continued)

CodeCountryLast PriceTurnover Rate (%)% Disc to 52-w Hi
A020560KRKRW4,650.0154.327.2
ICEAIRISISK15.85118.744.3
AEGNGREUR8.5417.01.2
GIAAIDIDR338.019.228.1
5238MY36.0 sen350.334.5
AVHUS$US7.27238.232.5
KQNAKEKES5.010.635.1
AB1DE40.70c4,786.770.8
TAERRURUB1.391,175.981.0

4.2 Global Rank [out of 47,594 stocks] and Rank in the Middle East & Africa Region [out of 2,285 stocks]

DescriptionValueGlobal RankIn MEA Region
MCap (US$)70.4M24,8281,109
Total Assets (US$)1.8B7,133303
Revenue (US$)1.1B6,185168
Net Profit (US$)(252.3M)41,4781,863
Net Profit Margin %(23.4)32,7331,609
PV$1000 (1Year) US$*1,23113,126456
US$* Change (1Year) %25.612,064405

* 1 year ago USD 1 = KES 102.04

Aug 18, 2017: USD 1 equals KES 104.17

4.3 Rank in the NSE 20-Share Index [out of 17 stocks], Rank in the Total Kenyan Market [out of 41 stocks] and Rank in the Commercial and services sector [out of 5 stocks]

DescriptionValueIn NSE 20-Share IndexIn Total Kenyan MarketIn Commercial and services sector
MCap (KES)7.3B13203
Total Assets (KES)182.1B472
Revenue (KES)110.2B231
Net Profit (KES)(25.7B)11305
Net Profit Margin %(23.4)10284
PV1000 (1Year)1,2564133

4.4 Independent Ratings

Kenya Airways Ltd. was ranked 85 in World Airline Awards list of Top 100 Airlines Companies in 2016; an improvement over a year from rank 86 in 2015.

It is placed 13/38 in BSS News Bites' ranking of Kenyan performers in the past year, a percentile ranking of 67.

SECTION 5

KENYA AIRWAYS PROFILE

5.1 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

5.2 Issued Capital

Based on 1,496,470,000 issued shares the market capitalisation is KES7.3 billion (US$70.4 million).

SECTION 6

STOCK BUZZ

Corporate Wire

To view Recent Company Headlines, click here

November 18 2016: KQ launch six new docking bays at its cargo facility

NAIROBI NOVEMBER 18, 2016 - Kenya Airways today launched six new modern docking bays at KQ Cargo ACHL (Africa Cargo Handling Limited) warehouse in a bid to improve customer experience through enhanced efficiency. The new docking bays, based at jKIA, will ensure increase in amount of cargo moving by creating express channels that will shorten the delivery journey for import goods, reduce congestion and optimise resource utilisation within the facility.

Presiding over the launch ceremony, Kenya Airways' Chief Operating Officer jan De Vegt said; "Today's launch consolidates our position as a premier imports facility at jKIA and more importantly demonstrates our resilience in finding ways to deliver service improvements and efficiencies to our cargo customers.

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

Source: www.BuySellSignals.com