Enjoyed reading! Really interesting company. I’ve definitely found that there are some amazing and under-appreciated banks around the globe. Have you looked at Bank of Georgia - pretty similar situation
Thank you 🙏 . Yes I have come across Bank of Georgia. The stock is cheap but for me it has gone up to much, so I don’t want to buy it right now (could be a huge mistake, but who knows 🙃 ). I prefer Georgia Capital, because they own a large stake in Bank of Georgia and trade at significant discount to NAV.
Kaspi is also a great stock. With the huge market share they have and the impressive growth, the stock is undervalued. For now I’m waiting on the sideline
Enjoyed reading! Really interesting company. I’ve definitely found that there are some amazing and under-appreciated banks around the globe. Have you looked at Bank of Georgia - pretty similar situation
Thank you 🙏 . Yes I have come across Bank of Georgia. The stock is cheap but for me it has gone up to much, so I don’t want to buy it right now (could be a huge mistake, but who knows 🙃 ). I prefer Georgia Capital, because they own a large stake in Bank of Georgia and trade at significant discount to NAV.
I prefer GCap as well. A great way to play BoG and largely the country as a whole
I have come across this stock as a holding by some EM funds. They sold their Russian interests... HOWEVER:
Kazakhstan’s Tycoons–Including Members Of Nazarbayev Family–Shed Billions As Stocks Plunge
https://www.forbes.com/sites/daviddawkins/2022/01/07/kazakhstans-tycoonsincluding-members-of-nazarbayev-familyshed-billions-as-stocks-plunge/?sh=142302b34186
Kaspi is also a great stock. With the huge market share they have and the impressive growth, the stock is undervalued. For now I’m waiting on the sideline