$KSPI

KSPI

JSC Kaspi.kz American Depositary Receipt

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As of 09-13
09-03
“5 Interesting Value Bets From Investing Quadrant”
$KSPINo side taken
KSPI has low valuation and growth potential but high volatility; worth watching for further analysis or price entry.

Kazakhstan, " Kaspi", the comprehensive app there that has expanded into Türkiye. They are raising dividends again following the Turkish investment. The price-to-earnings ratio is low.

The stock has already recovered from its lowest levels in a few months. Here we have Kazakhstan, and we have Türkiye, and business is going well. Everything is growing. Not much, but looking at investments, earnings before interest, taxes, depreciation and amortization (EBITDA) are also growing.

Well, businesses are growing at rates in the tens. Everything looks good. They are also building an AI-powered personal assistant specifically for Caspi. Every app now has its own personal assistant.

Everything looks interesting. Perhaps we can follow up on it over time. We will put it on the watchlist. Perhaps if the price drops further or something happens again, and given that it is a very volatile stock, it may be interesting to conduct an in-depth analysis, or perhaps it will continue to rise.

You can never know. But I've put it here as an interesting bet to follow, and I may write about it in detail in the coming weeks.

08-25
New MoneyPublished 2026-08-25
“The Super Investors Are Buying BIG.”
$KSPIBullish
Kaspi is a buy: core Kazakhstan business is a growing monopoly with strong cash flow, and the Turkey expansion offers asymmetric upside.

Now, this one only shows up as a very small position for Monish at the current time, but I wanted to include this one because I have a feeling it could be a much bigger position for him in the future.

And the reason I say that is because just a few weeks ago, I spoke to Monish for about an hour, and most of that time he just wanted to talk about Kaspi.

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