Bottom Line: Higher in five waves for wave 5
2/6/26 08:40 EST (Last Price 5):
With 6.15 still intact, we will keep the focus lower for the completion of the zigzag formation between 4.2 and 4.6.
Summary
Kenya Airways has taken major steps to rebuild investor confidence:
• Resumed trading on the NSE in 2025 after a four‑plus year suspension, a big milestone that reopened the stock to thousands of retail investors.
• Implemented debt conversion and restructuring, including converting foreign currency debt to local currency to reduce pressure from forex swings.
• Operational changes and fleet restoration efforts aim to improve efficiency and service reliability — though results have been mixed as the airline navigates losses and seeks additional capital.
Despite progress, Kenya Airways has yet to pay dividends, and further operational turnaround and possibly strategic investment will be needed before consistent shareholder returns resume.
