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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 Margin of Sanity’s Substack. In this article, we will summarize the bulls’ thesis on KSPI. Joint Stock Company Kaspi.kz's share was trading at $77.31 as of November 28th. KSPI’s trailing P/E was 7.01 according to Yahoo Finance.

[caption id="attachment_521948" align="aligncenter" width="750"] Copyright: prykhodov / 123RF Stock Photo[/caption]

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan,...