The brewer, while having a better outlook for the second half of this financial year, has weak growth momentum according to the US firm. This should support better performance in the second half,” said Citi. UnderperformanceThe investment bank notes that EABL has significantly underperformed large cap peers in recent months. “EABL shares have underperformed Kenyan large cap peers significantly in recent months, but unfortunately these results are likely to discourage investors looking for a quick catch up,” said Citi. Share price riseThe analysts said the company’s share price is likely to rise to about Sh275, which is only Sh3 above its highest price in the past 12 months.

Source: Daily Nation February 14, 2018 07:07 UTC