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Is Joint Stock Company Kaspi.kz (KSPI) A Good Stock To Buy Now?

Is KSPI a good stock to buy? We came across a bullish thesis on Joint Stock Company Kaspi.kz on Beyond the Surface’s Substack by Stone Mountain Research. In this article, we will summarize the bulls’ thesis on KSPI. Joint Stock Company Kaspi.kz's share was trading at $88.90 as of April 21st. KSPI’s trailing P/E was 7.53 according to Yahoo Finance.

Kaspi.kz is a dominant fintech super app in Kazakhstan trading at 6.8x earnings and 10% dividend yield despite 78% population penetration across payments, commerce, and lending, with the market pricing it like a cyclical bank rather than...