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Back in early January, I initiated coverage on Joint Stock Company Kaspi.kz (OTC:KSPI) at a strong buy because of its astounding level of past growth and the prospects that they will be able
Kaspi's Growth Looks Promising With Banking Acquisition In Turkey
Summary
- Kaspi.kz remains a strong buy, with robust growth, low P/E, and a high dividend yield despite recent share price weakness and a Q1 miss.
- The Q1 miss was driven by a temporary smartphone registration issue in Kazakhstan, not by company execution, and growth in core segments remains strong.
- Kaspi's expansion into Turkey via Hepsiburada and a Rabobank subsidiary sets the stage for significant long-term growth in a much larger market.
- With an 8.6% dividend yield and sector-leading financial metrics, Kaspi offers rare value and growth potential, making it a compelling contrarian pick.
I’m Jason Ditz and I have 20 years of experience in foreign policy research. My work has appeared in Forbes, Toronto Star, Minneapolis Star-Tribune, Providence Journal, Washington Times and the Detroit Free Press, as well as American Conservative Magazine and the Quincy Institute for Responsible Statecraft. I have been writing investment analysis, with a focus on deep-discount value plays, for over 25 years. I I got my start analyzing securities for a stock-picking contest on the now defunct StockJungle in college. After winning one of the top prizes for quarterly performance, I was hired to write a monthly article about micro-cap stocks, again with a value perspective. After StockJungle went belly-up, with its focus on momentum investing, I started to take a close interest in the contrarian investment philosophy of David Dreman. I began writing for Motley Fool and ultimately Seeking Alpha. My goal is to find underappreciated companies with a focus on returning value to investors.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of KSPI 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 (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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