Given the current low valuations, we are of the believe that long-term investors should gradually take positions in the market. The market is currently trading at a price to earnings ratio of 11.47x, versus a historical average of 13.8x, with a dividend yield of 4.5% versus a historical average of 3.4%.
This week our stock recommendations are:
- KenolKobil Ltd
- Kenya Power Ltd
- The Co-operative Bank of Kenya
- KCB Group Ltd
- Kenya Reinsurance Ltd
- Centum Investments Ltd.
See the image below for a more in-depth look at our stock picks.
