Investment Recommendations
Overall Overview In 2020, the COVID-19 pandemic saw prices on most counters decline significantly into bear market territory. The NASI, NSE20 and NSE25 declined…
Market Report - 13th August 2021
Feature of the week: CIC Group Posts an After Tax Profit of KES 259.5 million for 1H2021 CIC Group rebounded to profitability in the period. The group registered…
Investment Recommendation Report
Equity Recommendations Overall Overview In 2020, the COVID-19 pandemic saw prices on most counters decline significantly into bear market territory. The NASI, NSE20…
Market Report - 6th August 2021
Feature of the week: CBK Invites Bids for FXD3/2019/10 and FXD1/2018/20 (Re-opened) and FXD1/2021/21 Treasury Bonds The Central Bank of Kenya (CBK), acting in…
Investment Recommendation Report
Overall Overview In 2020, the COVID-19 pandemic saw prices on most counters decline significantly into bear market territory. The NASI, NSE20 and NSE25 declined…
Market Report - 30th July 2021
Feature of the week: Centum Posts 82.1% Improvement in After Tax Loss for the FY2020/21 Centum reported an 82.1% decline in the company’s after tax loss to…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 184.50 at a P/E multiple of 35.69x, with a dividend yield of 1.6% and ROE of 46.6% as at 23rd…
Market Report - 23rd July 2021
Feature of the week: BAT Posts a 0.7% y/y Growth in After Tax Profits for 1H2021 British American Tobacco (BAT) posted a 0.7% y/y growth in after tax profits for…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 187.00 at a P/E multiple of 36.2x, with a dividend yield of 1.6% and ROE of 46.6% as at 16th…
Market Report - 16th July 2021
Feature of the week: EPRA Retains Fuel Prices The Energy and Petroleum Regulatory Authority (EPRA), in its July review, maintained the prices of petrol, diesel and…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 187.50 at a P/E multiple of 36.3x, with a dividend yield of 1.6% and ROE of 46.6% as at 9th…
Market Report - 9th July 2021
Feature of the week: CBK Invites Bids for FXD1/2012/15 and FXD1/2018/15 (Re-opened) and FXD2/2019/15 Treasury Bonds The Central Bank of Kenya (CBK), acting in…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 181.00 at a P/E multiple of 35.0x, with a dividend yield of 1.7% and ROE of 46.6% as at 2nd…
Market Report - 2nd July 2021
Feature of the week: Safaricom Market Share Rises to 64.4% in 1Q2021 According to the Communication Authority of Kenya (CA) 1Q2021 industry statistics, Safaricom’s…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 181.50 at a P/E multiple of 35.1x, with a dividend yield of 1.7% and ROE of 46.6% as at 25th…
Market Report - 28th June 2021
Feature of the week: Finance Bill 2021 Tax Changes The Finance Committee (committee) has proposed changes to tax proposals contained in the finance Bill. The Finance…
Investment Recommendation - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 189.00 at a P/E multiple of 36.6x, with a dividend yield of 1.6% and ROE of 46.6% as at 18th…
Market Report - 18th June 2021
Feature of the week: EPRA Increases Petrol Price The Energy and Petroleum Regulatory Authority (EPRA), in the June review, raised the price of petrol in Nairobi…
Investment Recommendation - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 190.00 at a P/E multiple of 36.8x, with a dividend yield of 1.6% and ROE of 46.6% as at 11th…
Market Report - 11th June 2021
Feature of the week: The Treasury CS Tables KES 3.0 Trillion Budget for FY2021/2021 in Parliament The Cabinet Secretary for the National Treasury and Planning has…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 190.00 at a P/E multiple of 36.8x, with a dividend yield of 1.6% and ROE of 46.6% as at 4th…
Market Report - 31st May 2021
Feature of the week: Kenya Re Posts a 25.8% Decline in After Tax Profits for FY2020 Kenya Re reported a 25.8% y/y decline in after tax profits(PAT) for FY2020 to…
Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 186.25 at a P/E multiple of 36.0x, with a dividend yield of 1.6% and ROE of 46.6% as at 28th…
Market Report - 28th May 2021
Feature of the week: This week, we look at the first quarter results for Equity, KCB, Standard Chartered and NCBA. Read more on the performance of these banks and…