Investment Recommendation Report: Equity
We recommend a LONG TERM BUY on Equity Group Holdings. Currently, Equity is trading at a P/B of 1.56x (at a price of KES 39.15) compared to the average banking sector…
KenolKobil Plc Acquisition by Rubis Énergie S.A.S - Important Dates
On 24th October 2018, Rubis Énergie delivered a notice of intention to the board of directors of KenolKobil of its intention to acquire 100% of the ordinary shares…
BAT Posts 22.5% Growth in After Tax Profits for FY2018
British American Tobacco (BAT) Kenya registered a 22.5% y/y growth in after tax profits for FY2018 to KES 4.1 billion (FY2017: KES 3.3 billion). The rise in profits…
Investment Recommendation Report: Safaricom
We recommend a HOLD on Safaricom. The counter is currently trading at a P/E multiple of 16.75x (at a price of KES 23.45, as at 25th January 2019). The company is…
Investment Recommendation Report: Equity Bank
We recommend a LONG TERM BUY on Equity Group Holdings with a one-year target price of KES 54.11 – representing an upside potential of 35.4% from the current market…
EABL 's 33% Growth In Net Profit 1H2019, Weekly Market Wrap Up
East Africa Breweries Limited (EABL) registered a 33.0% y/y growth in after tax profits for 1H2019 to KES 6.6 billion (1H2018: KES 5.0 billion). The rise in profitability…