Report
Gerald Muriuki

Safaricom Plc (NSE: SCOM) Pre-earnings & Valuation Update 1H21

Safaricom Plc (NSE: SCOM) is expected to release 1H21 results on 9th November and we project a 8.4% y/y decline in 1H21 Earnings Per Share (EPS) to KES 0.82. We maintain our HOLD recommendation on Safaricom at a price target of KES 31.34, a 2.8% potential upside from the current market price of KES 30.50

Underlying
Safaricom Ltd

Provider
Genghis Capital
Genghis Capital

Genghis Capital is an innovative and customer focused Investment Bank licensed by the Capital Markets Authority (CMA). Founded in 2008, Genghis is one of the leading investment banks in Kenya. Since its establishment, Genghis has achieved tremendous growth to offer a well-diversified portfolio of financial services that includes:

  • i. Securities(Equity/Debt) Trading
  • ii. Research
  • iii. Wealth Management services
  • iv. Investment Advisory & Management via the GenCap Unit Trusts
  • v. Corporate Finance & Transaction Advisory services

The Kenyan Capital Markets continue to develop in size, scope and sophistication. With this is an increasing demand for more specialized and personalized brokerage service and we at Genghis Capital are glad to be able to offer you this service. Our strength lies in ensuring our clients are up to speed with developments at the stock market and the economy. Research and technology remains our competitive and comparative advantage hence Experience, Expertise and Professionalism are some of the qualities you can expect from our team.

Analysts
Gerald Muriuki

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