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Investment Recommendation Report - KenGen

We recommend a LONG-TERM BUY on KenGen. The counter is currently trading at a trailing P/E multiple of 3.87x (at a price of KES 4.64 as at 22nd January 2021). KenGen…

Faida Research January 23, 2021

Market Report - 22nd January 2021

Market Commentary: The All Share Index and NSE 20 Share Index eased by 2.1% and 1.7% w-o-w to close the week at 154.84 and 1,887.23 respectively. Market turnover…

Faida Research January 23, 2021

Market Report - 15th January 2020

Market Commentary: The All Share gained 2.6% w-o-w to close the week at 158.19 mainly attributed to price gains in Safaricom (62.0% of the week’s traded…

Faida Research January 18, 2021

Investment Recommendation Report - Kenya Re

We assign a HOLD recommendation on Kenya Re. The counter is currently trading at a trailing P/B multiple of 0.09x (at a price of KES 2.64 as at 15th January 2021)…

Faida Research January 18, 2021

Market Report - 8th January 2021

Market Commentary: The All Share and NSE 20 Indices gained 1.4% and 1.5% w-o-w to close the week at 154.18 and 1,896.46 characterized by an increase in overall…

Faida Research January 8, 2021

Investment Recommendation Report - KenGen

We recommend a LONG-TERM BUY on KenGen. The counter is currently trading at a trailing P/E multiple of 3.83x (at a price of KES 4.60 as at 8th January 2021). KenGen…

Faida Research January 8, 2021

Market Report - 31st December 2020

Market Commentary: The All Share and NSE 20 Indices gained by 1.3% and 1.6% w-o-w to close the week at 152.11 and 1,868.39 respectively. Market turnover declined…

Faida Research January 4, 2021

Investment Recommendation Report - Kenya Re

We assign a HOLD recommendation on Kenya Re. The counter is currently trading at a trailing P/B multiple of 0.08x (at a price of KES 2.32 as at 31st December 2020)…

Faida Research January 4, 2021

Market Report - 24th December 2020

Market Commentary: The All Share and NSE 20 Indices gained by 1.4% and 2.4% w-o-w (4 day trading week) to close the week at 150.18 and 1,839.51 respectively.…

Faida Research December 28, 2020

Investment Recommendation Report - KenGen

We recommend a LONG-TERM BUY on KenGen. The counter is currently trading at a trailing P/E multiple of 3.91x (at a price of KES 4.69 as at 24th December 2020). KenGen…

Faida Research December 28, 2020

Market Report - 18th December 2020

Market Commentary: The All Share and NSE 20 Indices gained by 0.6% and 0.2% w-o-w to close the week at 148.04 and 1,796.88 respectively. This was mainly due…

Faida Research December 19, 2020

Investment Recommendation Report - Kenya Re

We assign a HOLD recommendation on Kenya Re. The counter is currently trading at a trailing P/B multiple of 0.08x (at a price of KES 2.25 as at 18th December 2020)…

Faida Research December 19, 2020

Market Report - 11th December 2020

Market Commentary: The All-Share Index eased by 0.7% w-o-w to close the week at 147.12We attribute this to profit taking activities on Safaricom whose price fell…

Faida Research December 12, 2020

Investment Recommendation Report - KENGEN

We recommend a LONG-TERM BUY on KenGen. The counter is currently trading at a trailing P/E multiple of 3.84x (at a price of KES 4.16 as at 11th December 2020). KenGen…

Faida Research December 12, 2020

Market Report - 4th December 2020

Market Commentary: The All Share Index and NSE 20 Index gained by 3.4% and 1.6% w-o-w to close the week at 148.12 and 1,786.42. Market turnover increased…

Faida Research December 6, 2020

Investment Recommendation Report - Kenya RE

We assign a HOLD recommendation on Kenya Re. The counter is currently trading at a trailing P/B multiple of 0.08x (at a price of KES 2.16 as at 4th December 2020)…

Faida Research December 6, 2020

Market Report - 27th November 2020

Market Commentary: The All Share Index declined by 0.3% w-o-w to close the week at 143.30 mainly attributed to Safaricom declining by 0.3% to KES 31.90 (24.5%…

Faida Research November 28, 2020

Investment Recommendation Report - KENGEN

We recommend a LONG-TERM BUY on KenGen. The counter is currently trading at a trailing P/E multiple of 3.84x (at a price of KES 3.84 as at 27th November 2020). KenGen…

Faida Research November 28, 2020

Market Report - 20th November 2020

Market Commentary: The All Share and NSE20 Indices declined by 0.1% and 0.2% w-o-w to 143.72 and 1,785.88 respectively. Market turnover gained by 5.2% w-o-w…

Faida Research November 21, 2020

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 3.45) against an industry average of 0.71x as at 20th…

Faida Research November 21, 2020

Market Report - 13th November 2020

Market Commentary: The All Share and NSE 20 Indices gained by 1.8% and 1.1% w-o-w to close the week at 143.93 and 1,789.52 respectively. We attribute this to…

Faida Research November 13, 2020

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 3.45) against an industry average of 0.72x as at 13th…

Faida Research November 13, 2020

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 35.00) compared to the banking…

Faida Research November 6, 2020

Market Report - 6th November 2020

Market Commentary: The All Share Index gained by 0.9% w-o-w to close the week at 141.32 while the NSE 20 Share Index retreated by 0.8% to close the week at…

Faida Research November 6, 2020