The stock of East African Breweries Limited (EABL) #ticker:EABL retains an upside at the stock market despite the coming into force of the inflation adjustment on excise tax that threatens the growth of beer consumption, analysts at Genghis Capital say.
The adjustment will come into force from next month, and will thereafter be effected annually as per the changes carried in the Finance Bill 2018 — suspended Thursday by the courts.
