Wednesday, 15 October 2008

Barclays Kenya

Probably a good time to focus on well run banks. Barclays Kenya is one we like based on the company management. That said, it is priced at 2.9x book, which following the global banking sell off is just absurdly high. Still, unlike other banks in the world, it still has earnings growth potential of 25% CAGR over the medium term.

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