Cargas by Mukaranga

RSA Banks_Run Harder to Stand Still_Next Key Issue for Absa is Liquidity_We Remain Below Consensus

GUARANTY NL_GT the Company, Liked; GT the Stock, Unliked_Will the Asset Sensitive Balance Sheet and Growing Retail Exposure Hurt Earnings_Rolling Foward PT to FY13

DIAMOND NL_The Beauty of Ugly Part 2_1H12 Pleasing_Consistency Required to Restore Conviction

Kenyan Banks_Time to Be Selective_We Remain Concerned by Credit Risks_Despite Higher Cost of Deposist, Banks Managed to Expand Spreads_Rolling PTs to FY13

SSA Banks _Denial is Futile_Short Term Risks but Long-term Opportunities

Kenyan Banks_A Follow Up on Credit Risks as Investors Become Increasingly Concerned_Salient Features on Mortgage Sector

Kenyan Banks_A Critique to System Credit Risks_System NPLs Defying Logic but Regulators Need to Mind the Gap

CPI SJ_Glittery Prospects Priced-In_FY13 TP R205_HOLD

SSA Banks Nigeria Kenya Uganda

SSA Banks Nigeria Kenya Uganda Deja Vu

RSA _Half Full or Half Empty

Nigerian Banks _ Atonement, Redemption and Resurrection_BUY Zenith_Diamond_Access_GT_HOLD First _UBA

CPI SJ_A Critique on Credit Risks & ROE_Solid Footing but We Maintain Our HOLD on Valuation Risk

Kenyan Banks_Anchor themes_regionalisation and mortgage lending_BUY KCB_SELL Coop

Kenyan Banks_Could Equity Be a Victim of Its Own Success

ABIL_Reiterate Our SELL_Improving but Lags Our Expectations

Ugandan Banks_BUY Stanbic_HOLD DFCU

Ugandan Banks_BUY Stanbic_HOLD DFCU

Capitec Bank_Valuation Looks Steep but Growth Outlook is the Differentiating Factor_final

ABIL_Non-Retail Deposit Taking Strategy Clouds Long Term Growth Outlook_Initiating With a HOLD

ABIL_Non-Retail Deposit Taking Strategy Clouds Long Term Growth Outlook_Initiating With a HOLD

Stanbic Uganda_SBU.ug 1H09

SBU.ug_reiteration of BUY_potential Return 27%

RSA 2009 Outlook

SSA Frontier Markets_Nov 5 2009]

Zimbabwe_ a Growth Recession

Equity Bank Limited_Strong Franchise, 14.6% Potential Upsiide, BUY, High Valuation Risk2

Kenya_Equities Ripe for a Rebound