Courtesy: Faida Investment Bank
Week Ending September 5, 2014
Jubilee
BUY
Our target price of KES 516.85 provides a 25.7% upside potential from the current market share price of KES 411.00. Jubilee’s strong regional presence (about 5 countries), ties to AKFED and strong banc assurance will help it write more premiums. We also see Jubilee’s strong associate business as a key driver of growth.
Pesa Nane plans to be shilingi when he grows up.