BCEL's loan growth rate YoY tops 90 percent

The engine fires were stoked up yesterday with exceptional volumes for both stocks rallying market turnover above 235K shares for the day. BCEL had a good day up 50 kip on good volumes for that stock. EDL-Gen dropped 50 kip but turnover surged past US$166K. The charts tell the story.

There has been a build up in the closing sessions with a noticeable trend increasing the price rises in unmatched trades for both stocks. BCEL-KT brokers in their company report listed their strike price at US$1.15 or 9,300 kip. They reported BCEL's YoY loan growth was at a very respectable and healthy 90pct in 2011 versus 39pct for the previous year The Price Earnings Ratio (PER) was quoted as being 6.3 in 2011 5.0 2012E and 3.5 2013E - that's a great indicator to support the strike price. The full report is on their website.

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