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Investment Q&A

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Q: Kinsale is down close to 20% after reported. Beside profit taking, do you see any other raison? Do you agree Kinsale is a proxy for Trisura?

Thanks

Asked by Daniel on October 30, 2023

5i Research Answer:

KNSL reported good results, but did see several broker downgrades. The stock has been a big outperformer and its valuation is way up there compared to peers, but we do not see big negatives here. The decline was a record for the stock, however. It also saw some technical selling and does appear to be oversold technically now. We would see it as an OK proxy to TSU.

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