The Safaricom #ticker:SCOM share that has recently hit highs of Sh30 at the Nairobi Securities Exchange (NSE) retains a double-digit percentage upside on the back of expected revenue growth from mobile money and data, analysts at ABC Capital say in a new note.
The stockbroker estimates a forward fair value price of up to Sh35 for the stock, which at a price of Sh29 last week would represent a premium of 20.7 per cent.
