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 by 128.6%…
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)…
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% of…
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…
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 to KES…
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…
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 price…
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…
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…
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 1,769.54.…
Faida Transaction Advisory - Completed Transactions
We have extensive experience in the public and private sector, as well as transaction advisory skills and capital raising expertise, and have credibility with investors…
Faida & IMBC Deliver 12% Oversubscription for I&M Bank (Rwanda) PLC Rights Issue
We (Faida Securities Rwanda) and I&M Burbidge Capital, as the Joint Lead Transaction Advisors for the 2020 Rights Issue, are pleased to announce the successful…
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…
Faida & IMBC Deliver 12% Oversubscription for I&M Bank (Rwanda) PLC Rights Issue
We (Faida Securities Rwanda) and I&M Burbidge Capital, as the Joint Lead Transaction Advisors for the 2020 Rights Issue, are pleased to announce the successful…
I&M Bank Rwanda Plc Rights Issue
We are very proud to have been involved as Lead Sponsoring Stock brokers (Faida Securities Rwanda) and Joint Lead Transaction Advisors with I&M Burbidge Capital…
Market Report - 30th October 2020
Market Commentary The All Share Index retreated by 0.8% w-o-w to close the week at 140.04 characterized by higher trading activity (Market turnover increased by…
Investment Recommendation Report - HF
We recommend a SELL on Housing Finance. The counter is trading at a P/B multiple of 0.13x (at a price of KES 3.73) against an industry average of 0.70x as at 30th…
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…