EABL | EABL Company Update | AIB AXYS Africa

    We revise our BUY recommendation on EABL from a target price of KES 188.20 to KES 205.21 offering a potential upside of 17.4% on the current price of KES 174.75. Our upward valuation is informed by foreseen improvement in the brewers’ earnings on the back of continued recovery in the economy as the government effects measures to boost economic growth. Our view is further informed by the counters fall in price following the bear run at the bourse on investor jitters due to the pandemic, with the price expected to recover in tandem with re-entry of investors in the market.


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    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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