Capitec shares fall despite reporting higher earnings

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대한민국 뉴스 뉴스

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Headline earnings for the year to end-February rose between 17% and 20%, versus 18% a year before

Shares in Capitec, which reached a record high last week, were trading 4.1% down on Monday afternoon after the banking group said earnings in the year to end-February would increase by no more than 20%.

It was possible that “some corners of the market” had expected earnings growth to accelerate, which probably explained the share’s decline, said Jan Meintjes, a portfolio manager at Denker Capital.However, Meintjes said he did not share that view. But Meintjes said TymeBank was disrupting the market with lower fees, which was a risk to Capitec, given that its transactional banking clients are price sensitive.

The bank’s shares reached a high of R1,306.21 on Thursday last week, defying a scathing report from short-seller Viceroy Research which was published in early 2018.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Why would the shares fall if they are making more profit?

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