Dyer and Blair Investment Bank in Nairobi. FILE PHOTO | NMG
Companies that benefit from removal of interest rate caps,
changes in taxes and are undervalued are likely to be the main winners
in the equities market this year, Dyer and Blair Investment Bank says.
The
investment bank has advised investors in a research note these are the
companies that will also attract foreign investors who are looking at
similar economies across the globe.
The bank said the
trend of selective growth among equities is likely to continue this
year, where only some firms register significant growth while others
continue to lag.
“We believe that the case for absolute
growth in Kenyan equities will continue to be weak and limited to those
that win from changes in regulations — removal of caps, changes in
taxes, potential telecom sector regulations, among others — but better
relative to peers in similar economies purely on account of foreign
investor sentiment,” said Dyer and Blair in their 2020 macroeconomic and
market outlook report.
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