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[COMPARTO MM] Compartamos Banco :: 4Q 2009 NI up 49.1% YoY to MXN516 mn

[COMPARTO MM] Compartamos Banco :: 4Q 2009 NI up 49.1% YoY to MXN516 mn

Banco Compartamos’ 4Q 2009 NI rose by 49.1% YoY to MXN516 mn, while FY 2009 NI rose by 33.0% YoY to MXN1,490 mn. The total loan portfolio increased by 33.4% YoY during 4Q 2009 to MXN7,645 mn. Tier 1 Ratio remained strong at 42.2%, while ROAE was 54.3% for 4Q 2009 and 43.1% for Fy [...]

February 25 2010 | Posted in Banks, Banks, Banks, COMPANIES, Financials, Lat Am, Mexico, Stocks | Read More »

[DSY SJ] Discovery Holdings :: 2H 2009 HEPS up 54% YoY to ZAR755; CEO forecasts modest growth

[DSY SJ] Discovery Holdings :: 2H 2009 HEPS up 54% YoY to ZAR755; CEO forecasts modest growth

Discovery Holdings’ 2H 2009 revenues rose by 16% YoY to ZAR3.24 bn, Operating profit rose by 49% YoY to ZAR1.184 bn, and Headline earnings per share (HEPS) rose by 54% YoY to ZAR755 mn. The Group’s embedded value increased by 4% from June 2009, to ZAR20.9 bn. Embedded value, a common valuation measure used outside [...]

February 25 2010 | Posted in COMPANIES, EMEA, Financial Services, Financials, Insurance, Life Insurance, Life Insurance, Nonlife Insurance, South Africa, Stocks | Read More »

[AFR SJ] AFGRI :: 2H 2009 EPS up 22.6% YoY to ZAR0.483

[AFR SJ] AFGRI :: 2H 2009 EPS up 22.6% YoY to ZAR0.483

AFGRI’s 2H 2009 revenue fell by 9.6% YoY to ZAR3.866 mn from ZAR4.274 mn in 2H 2008. Operating profit margin declined slightly to 12.9% from 14.4% in 2H 2008. The Group’s net cash position improved by ZAR317 mn to ZAR58 mn at the end of 2H 2009 versus a negative ZAR259 mn cash position at [...]

February 25 2010 | Posted in COMPANIES, Consumer Goods, EMEA, Farming & Fishing, Financial Services, Financial Services, Financials, Food Producers, Food Products, South Africa, Specialty Finance, Stocks | Read More »

[SHUAA UH] Shuaa Capital :: 4Q 2009 Net Loss of AED154.3 mn

[SHUAA UH] Shuaa Capital :: 4Q 2009 Net Loss of AED154.3 mn

Shuaa Capital, a Dubai-based investment bank, disclosed a FY 2009 Net Loss of AED529.8 mn, including investment impairment charges of AED312.2 mn and provisions of AED210.5 mn, versus a FY 2008 NI of AED889.6 mn. FY 2009 Operating Loss was AED70.8 mn, versus FY 2008 Operating Loss of AED522.7 mn.
The 4Q 2009 Operating Loss was [...]

February 9 2010 | Posted in Asset Managers, COMPANIES, Financial Services, Financials, GCC, Investment Services, MENA, Stocks, United Arab Emirates | Read More »

[*IPO*] Huatai Securities :: seeking $2.30-2.53 bn in IPO

[*IPO*] Huatai Securities :: seeking $2.30-2.53 bn in IPO

Chinese brokerage firm Huatai Securities, based in Nanjing, has set an indicative price range of CNY20-22 ($2.93-3.22) per share for its IPO, which values the stock at 29.4-32.4 times 2009 earnings. The 784.6 mn A-share offering, representing 14% of Huatai’s enlarged share capital, stands to raise as much as CNY17.26 bn ($2.53 bn) for the [...]

February 8 2010 | Posted in Asia -ex, COMPANIES, China, Financial Services, Financial Services, Financials, IPOs & SPOs, Investment Services, Stocks | Read More »

[600048 CH] Poly Real Estate :: FY 2009 NI up 57% YoY to CNY3.5 bn

[600048 CH] Poly Real Estate :: FY 2009 NI up 57% YoY to CNY3.5 bn

Poly Real Estate Group’s FY 2009 NI rose by 57.19% YoY to  CNY3.519 bn ($515 mn) on turnover of CNY22.99 bn, up 48.11% YoY. FY 2009 EPS rose by 51.4% YoY to CNY1.06 from CNY0.7 for FY 2008. The company said that its nationwide market share increased to 1.3%, a 0.3 percentage point increase over [...]

February 5 2010 | Posted in Asia -ex, COMPANIES, China, Financials, Real Estate, Real Estate Holding & Development, Real Estate Investment & Services, Real Estate Services, Stocks | Read More »

[MASQ UH] Mashreqbank :: FY 2009 NI off 39% YoY to AED1 bn

[MASQ UH] Mashreqbank :: FY 2009 NI off 39% YoY to AED1 bn

UAE’s Mashreqbank’s FY 2009 NI fell by 39% YoY to AED1 bn from AED1.64 bn, on Operating Income of AED4.9 bn. OI growth was largely driven by 30% YoY growth in Fee, Commission and other income as well as robust growth in investment income. Mashreqbank’s 9M 2009 NI had fallen by 20% YoY to AED1.12 [...]

February 5 2010 | Posted in Asset Managers, Banks, Banks, Banks, COMPANIES, Consumer Finance, Financial Services, Financial Services, Financials, GCC, Investment Services, MENA, Mortgage Finance, Specialty Finance, Stocks, United Arab Emirates | Read More »

[AABAR UH] Aabar Investments :: FY 2009 NI rose by 133% YoY to AED1.679 bn

[AABAR UH] Aabar Investments :: FY 2009 NI rose by 133% YoY to AED1.679 bn

Aabar Investments’ FY 2009 NI rose by 133% YoY to reach AED1.679 bn ($457.4 mn), versus AED721.6 mn ($196.5 mn) in 2008. Its 9M 2009 NI was reported previously as AED1.547 bn, which implies 4Q 2009 NI of AED132.9 mn, an increase of 15.3% over 4Q 2008 NI of AED115.3 mn.
The company’s Total Assets increased [...]

February 2 2010 | Posted in Asset Managers, COMPANIES, Financial Services, Financial Services, Financials, GCC, MENA, Stocks, United Arab Emirates | Read More »

[UPP UH] Union Properties :: willing to sell Ritz Carlton hotel for ~$408 mn

[UPP UH] Union Properties :: willing to sell Ritz Carlton hotel for ~$408 mn

Union Properties, the highly leveraged Dubai real estate developer, said it may sell its luxury Ritz Carlton hotel at the Dubai International Financial Centre if offered around AED1.5 bn ($408 mn). At least three investors are reportedly interested in the property. The company, which is so indebted as to have eroded its equity cushion, also [...]

February 2 2010 | Posted in COMPANIES, Financials, GCC, MENA, Real Estate, Real Estate Holding & Development, Real Estate Investment & Services, Stocks, United Arab Emirates | Read More »

[NBAD UH] National Bank of Abu Dhabi :: 4Q 2009 NI down 13% YoY to AED429 mn, misses est

[NBAD UH] National Bank of Abu Dhabi :: 4Q 2009 NI down 13% YoY to AED429 mn, misses est

National Bank of Abu Dhabi’s Operating Income in 4Q 2009 was up by 18.3% YoY to AED1.07 bn, after taking provisions of AED623 mn, of which AED316 mn were collective provisions, versus AED904 mn in 4Q 2008. 4Q 2009 NI was down 13% YoY to AED429 mn ($116.8 mn), after taking AED623 mn of provisions, [...]

February 1 2010 | Posted in Banks, Banks, Banks, COMPANIES, Financials, GCC, MENA, Stocks, United Arab Emirates | Read More »