Investment Recommendation Report - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 174.00 at a P/E multiple of 33.3x, with a dividend yield of 1.7% and ROE of 46.6% as at 21st…
Market Report - 21st May 2021
Feature of the week: Co-operative Bank Posts a 3.7% Decline In After Tax Profits for 1Q2021 Co-operative Bank posted a 3.7% y/y decline in after tax profits to KES…
Investment Recommendation - Equity
We issue a HOLD recommendation on Equity group Holdings, with a target price of KES 41.07 representing a 0.3% upside from the current market price KES 40.95 (as…
Market Report - 13th May 2021
Market Commentary: The All Share Index (NASI) eased by 3.1% w/w while the NSE 20 Share Index remained flat to close the week at 165.76 and 1,863.25 respectively.…
Investment Recommendation - KCB
We issue a NEUTRAL recommendation on KCB group with a target price of KES 44.459* representing an upside potential of 6.3% from the current market price of KES…
Market Report - 7th May 2021
Market Commentary: The All Share Index (NASI) edged up by 1.1% w/w while the NSE 20 Share Index eased by 0.2% w/w to close the week at 171.09 and 1,862.50 respectively.…
Investment Recommendation - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at KES 169.75 at a P/E multiple of 32.8x, with a dividend yield of 1.8% and ROE of 46.6% as at 30th…
Market Report - 30th April 2021
Market Commentary: The All Share Index (NASI) rose by 2.1% w/w while the NSE 20 Share Index eased by 1.1% w/w to close the week at 169.15 and 1,866.58 respectively,…
Investment Recommendations - Equity Group
We issue a HOLD recommendation on Equity group Holdings, with a target price of KES 41.07 representing an 5.0% upside from the current market price KES 39.10 (as…
Market Report - 23rd April 2021
Market Commentary: The All Share Index (NASI) and the NSE 20 Share Index rose by 0.3% w/w and 0.3% w/w to close the week at 165.61 and 1,888.25 respectively, characterized…
Investment Recommendations - KCB
We issue a NEUTRAL recommendation on KCB group with a target price of KES 44.459* representing an upside potential of 6.2% from the current market price of KES…
Market Report - 16th April 2021
Market Commentary: The All Share Index and the NSE 20 Share Index rose by 4.1% and 0.8% w-o-w to close the week at 165.08 and 1,882.96 respectively. Market turnover…
Market Report - 9th April 2021
Market Commentary: The All Share Index eased by 1.3% w-o-w while the NSE 20 Share Index rose marginally by 0.2% to close the week at 158.59 and 1,868.76 respectively.…
Investment Recommendations - Equity Group
We issue a HOLD recommendation on Equity group Holdings, with a target price of KES 41.07 representing an 8.9% upside from the current market price KES 37.70 (as…
Market Report - 1st April 2021
Market Commentary: The All Share Index and NSE 20 Share Index eased by 3.5% and 2.0% w/w to close the week at 160.68 and 1,864.44 respectively characterized by an…
Investment Recommendations - EABL
We recommend a LONG TERM BUY on EABL. The counter is trading at a KES 158.00 at a P/E multiple of 30.6x, with a dividend yield of 1.9% and ROE of 46.6%. We recommend…
Market Report - 26th March 2021
Market Commentary: The All Share Index and NSE 20 Share Index eased by 0.3% and 1.6% w/w to close the week at 166.48 and 1,903.06 respectively. This was characterized…
Investment Recommendations
In 2020, the COVID-19 pandemic saw prices on most counters decline significantly into bear market territory. The NASI, NSE20 and NSE25 declined by 8.6%, 29.6%, 16.7%…
Market Report - 19th March 2021
Market Commentary: The All Share Index (NASI) and NSE 20 Share Index edged up by 3.0% and 0.5% w/w to close the week at 166.94 and 1,933.60 respectively. Market…
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 2.65 as at 19th March 2021)…
Market Report - 12th March 2021
Market Commentary: The All Share Index (NASI) edged up by 0.3% w/w to close the week at 162.08. This was characterized by an increase in both trading volumes (+41.3%…
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 2.60 as at 12th March 2021)…
Market Report - 5th March 2021
Market Commentary: The All Share Index retreated by 2.2% w/w to 161.67. This was largely attributed to w/w price decline in Safaricom (-3.7% to KES 37.30) on the…
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 2.62 as at 5th March 2021) compared…