Safaricom (SCOM): Ethiopia’s Gambit and the Dividend Dilemma
SCOM’s FY’23 earnings reveal a tale of two markets: Kenya’s resilient cash cow vs. Ethiopia’s cash-burning expansion. Can the dividend hold up?
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SCOM’s FY’23 earnings reveal a tale of two markets: Kenya’s resilient cash cow vs. Ethiopia’s cash-burning expansion. Can the dividend hold up?
The NSE All Share Index slipped 0.4% as Safaricom’s 1.8% decline offset gains in mid-caps. Turnover fell 12% to KES 2.1 billion amid thin activity.
The Nairobi Securities Exchange slipped 0.4% as Safaricom dragged the NASI to 189.23. Turnover surged 28% to KES 2.1 billion amid mixed sector performance.
The NSE All Share Index slipped 0.4% as Safaricom shed 2.1% on profit-taking. Turnover rose 12% to KES 3.2 billion. Banking stocks lagged amid mixed earnings signals.
The NSE All Share Index slipped 0.4% as profit-taking weighed on blue chips, while Safaricom added 1.8% on volume. Turnover rose 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as Safaricom and KCB led profit-taking in heavyweight counters. Turnover contracted 12% to KES 2.1 billion.
The NSE All Share Index slipped 0.8% as profit-taking capped gains. Safaricom led decliners despite resilient earnings outlook.
The NSE 20 slipped 0.35% as Safaricom lagged while EABL surged 4.12%. Turnover fell 12% to KES 1.24 billion amid cautious trading.
The NSE All Share Index slipped 0.45% as profit-taking in Safaricom and financials offset gains in midcaps. Turnover fell 12% to KES 1.8 billion.
The NSE All Share Index climbed 0.45% as Safaricom led gains while KCB and Equity Group weighed on blue chips. Turnover surged 18% to KES 2.1 billion amid mixed sector performance.
A structured company-level breakdown with key risks and watchpoints.
A comprehensive look at Safaricom's valuation, M-Pesa's expansion into Ethiopia, and whether the stock still offers upside at current levels.