NBM – Stock Of The Month
Kenya Reinsurance Limited (NSE: KNRE)
Kenya Re, the only listed reinsurer on the NSE has registered significant 10.81% share price advancement over the month. This upward trend has been supported by an increase in investor demand in anticipation of a positive FY13 financial performance, with the results due for release before the end of the month. In addition, the company is strategically placed in a rapidly growing insurance industry. Internal company fundamentals remain favorable with consistent profitability and growth in earnings with the company currently trading at a P/E of 5.06x against the industry average of 9.68x thus relatively undervalued.
Stocks To Watch
1. Total Kenya Limited (NSE: TOTL)
1. Safaricom Limited (NSE:SCOM)
