Market Report - 23rd October 2020
Market Commentary: The All Share Index gained by 1.1% w-o-w to close the week at 141.21. We attribute this mainly to Safaricom (trading on the counter accounted…
Investment Recommendation Report - Equity
We recommend a LONG-TERM BUY on Equity Group Holdings. The counter is currently trading at a trailing P/B of 1.16x (at a price of KES 34.35) compared to the banking…
Investment Recommendation Report - HF
We recommend a SELL on Housing Finance. The counter is trading at a P/B multiple of 0.12x (at a price of KES 3.63) against an industry average of 0.71x as at 16th…
Market Report - 16th October 2020
Market Commentary: The All Share index eased by 0.3% w-o-w to close the week at 139.65 while the NSE 20 Share Index declined by 1.4% w-o-w to close at 1,811.13.…
VSA Capital Faida Strategic Partnership
We are pleased to announce that we have entered into a strategic partnership with VSA Capital, an international investment banking and broking firm. The partnership…
Market Report - 9th October 2020
Market Commentary: The All Share and NSE 20 Indices retreated by 0.1% and 0.8% w-o-w to close the week at 140.07 and 1,836.54 respectively. This was mainly…
Investment Recommendation Report - Equity
We recommend a LONG-TERM BUY on Equity Group Holdings. The counter is currently trading at a trailing P/B of 1.18x (at a price of KES 34.90) compared to the banking…
Market Report - 2nd October 2020
Market Commentary: The All Share Index retreated by 0.1% w-o-w to close the week at 140.22 while the NSE 20 Index gained 0.2% w-o-w to close at 1,852.17. Market…
Investment Recommendation Report - HF
We recommend a SELL on Housing Finance. The counter is trading at a P/B multiple of 0.14x (at a price of KES 3.99) against an industry average of 0.72x as at 2nd…
Daily Market Report - 25th September 2020
Market Commentary: The All Share and NSE 20 Share Indices gained by 0.1% and 0.01% w-o-w to close the week at 140.37 and 1,847.43 respectively. Market turnover…
Investment Recommendation Report - Equity
We recommend a LONG-TERM BUY on Equity Group Holdings. The counter is currently trading at a trailing P/B of 1.22x (at a price of KES 36.10) compared to the banking…
Investment Recommendation Report - Safaricom
We recommend a HOLD on Safaricom based on the current market prices. The counter is currently trading at a P/E multiple of 15.16x (at a price of KES 28.20, as at…
Investment Recommendation Report - Equity
We recommend a LONG-TERM BUY on Equity Group Holdings. The counter is currently trading at a trailing P/B of 0.97x (at a price of KES 28.75) compared to the banking…
Daily Market Report - 13th August 2020
Market Commentary: The All Share and NSE 20 Indices reversed the previous trading session’s gain, retreating by 0.8% and 0.7% to close the day at 129.7…
Daily Market Report - 12th August 2020
Market Commentary: The All Share and NSE 20 share indices edged up by 1.2% and 1.1% to close the day at 130.76 and 1,751.39 respectively. We attribute this…
Daily Market Report - 11th August 2020
Market Commentary: The All Share and NSE 20 Indices retreated by 0.7% and 1.6% to close the day at 129.24 and 1733.14 respectively. Market turnover declined by…
Daily Market Report - 10th August 2020
Market Commentary: The All Share Index eased by 0.3% to close the day at 130.21. This was partly attributed to Safaricom declining by 0.7% to KES close (VWAP)…
Investment Recommendation Report - Stanbic
We assign a LONG-TERM BUY recommendation on Stanbic Holdings. The current market price of KES 74.50 (as at 7th August 2020) presents a buying opportunity for investors…
Daily Market Report - 6th August 2020
Market Commentary: The All Share Index gained by 2.0% to close the day at 129.59 mainly attributed to Safaricom gaining by 4.8% to KES 27.40 with investors…
Daily Market Report - 5th August 2020
Market Commentary: The All Share Index and NSE 20 Index eased by 0.9% and 1.8% to close the day at 127.01 and 1,762.28 respectively as selling pressure…
Daily Market Report - 4th August 2020
Market Commentary: The All Share Index and NSE 20 Index shed 1.1% and 0.2% to close the day at 128.16 and 1,794.60 respectively. Market turnover declined…
Daily Market Report - 3rd August 2020
Market Commentary: The All Share Index and NSE 20 Index eased by 2.7% and 0.4% from the previous trading session to close the day at 129.61 and 1,797.67…
Investment Recommendation Report - Standard Chartered
We issue a SELL recommendation on StanChart. The stock is currently trading at a trailing P/B ratio of 1.11x (based on a market price of KES 153.75 as at 30th July…
Daily Market Report - 29th July 2020
Market Commentary: The All Share Index and NSE 20 Share Index retreated by 0.2% and 3.6% to close the day at 134.48 and 1,811.29 respectively. We attribute…