Freedom Holding: Strong FY2024 Results, More Growth To Come

(15min)

Summary

  • Freedom Holding Corp.'s FY2024 report showed impressive growth in revenue, EPS, assets, and expansion into new markets.
  • I think the company's revenue structure, integration of new companies, and strategic investments in telecom and media indicate a strong growth potential.
  • Based on my calculations, FRHC is >50% undervalued today.
  • Despite the many risks associated with FRHC, I have decided to update my rating and maintain my "Buy" recommendation on the stock today.
  • Looking for a helping hand in the market? Members of Beyond the Wall Investing get exclusive ideas and guidance to navigate any climate. Learn More »

флаг Казахстана и галочка

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My Thesis

In my opinion, the recently published financial statements of Freedom Holding Corp. (NASDAQ:FRHC) for FY2024 clearly demonstrate to the market that the allegations made by Hindenburg Research a few months ago do

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This article was written by

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Oakoff Investments is a personal portfolio manager and a quantitative research analyst with 5 years helping readers find a reasonable balance between growth and value by sharing proprietary Wall Street information.

He leads the investing group Beyond the Wall Investing with features that include: a fundamentals-based portfolio, weekly analysis on insights from institutional investors, regular alerts for short-term trade ideas based on technical signals, ticker feedback by request from readers, and community chat. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FRHC over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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