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Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory 

We came across a bullish thesis on Joint Stock Company Kaspi.kz on Bullseye Investing’s Substack. In this article, we will summarize the bulls’ thesis on KSPI. Joint Stock Company Kaspi.kz's share was trading at $73.72 as of October 10th. KSPI’s trailing P/E was 7.66 according to Yahoo Finance.

Kaspi.kz (NASDAQ: KSPI) is a leading fintech company in Kazakhstan, operating a widely adopted Super App through its Kaspi.kz consumer platform and Kaspi Pay merchant app. The company dominates Kazakhstan’s digital financial ecosystem, with nearly every adult holding a Kaspi account,...