VEON: Strong Buy For Ukrainian Rebuilding And Pakistani Economic Convergence

Summary

• VEON Ltd. is a "Strong Buy" at a discounted valuation, with significant growth potential in key frontier markets like Ukraine and Pakistan.
• VEON has divested from Russia, invested heavily in Ukrainian infrastructure, and expanded its presence in frontier markets, enhancing its digital services.
• Pakistan's economic growth and young population present a lucrative opportunity for VEON, especially through its Jazz subsidiary and JazzCash fintech platform.
• The potential IPO of JazzCash and the separate listing of Kyivstar could act as catalysts for VEON's stock price appreciation.

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My Thesis

VEON Ltd. (NASDAQ:VEON) is a Seeking Alpha Quant “Strong Buy” currently trading at what, I believe, is a discounted valuation of just $3.3 billion in market cap and $6.2 billion in EV. VEON is a multinational

Analyst’s Disclosure:I/we have a beneficial long position in the shares of VEON either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.