Sasini in Bear teritotryIn the past 1 year, Sasini stock price has dipped 30%. This provides investors with a good opportunity to look into the stock at a significant discount. The stock has strong fundamentals and will be one of the biggest beneficiaries of a depreciating shilling.
The company has a healthy dividend yield of about 11%, low debt-to-equity ratio, and a p/e of 4.8%. In the past 5 years, their earnings have grown 49.4% over the past 5 years.
Despite the dip in their share price, Sasini will be added to our portfolio if it dips between kes 14.00 -14.50 if fundamentals hold and hopefully, this will align with a double bottom on the RSI. An exit strategy will be adjusted if our analysis holds.
