Simbisa re-rating hinges on margin growth

Simbisa has operations in Zimbabwe, Kenya and Eswatini.

SIMBISA Brands (Simbisa) could see a stock re-rating if it sustains stronger operating profit margins, but fiscal risks and cost pressures remain key downsides, Inter Horizons (IH) Securities has said. In its latest earnings update, the research firm said the company’s current share price already factors in much of its medium-term growth prospects. “The key…

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