KSPI

ETF Analysis: The SPDR S&P Kensho New Economies Composite ETF (KOMP) has an implied analyst target price of $62.38, indicating a potential upside of 26.47% from its current trading price of $49.32.

Stock Performance Insights: Notable underlying holdings such as Kaspi KZ JSC, Grifols SA, and Hesai Group show significant upside potential based on analyst targets, raising questions about the validity of these targets amidst market developments.

Annual Report Filing: Kaspi.kz has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the SEC, which is available on its website and the SEC's site.

Company Overview and Recent Acquisition: Kaspi.kz operates a Super App model providing payments, marketplace, and fintech services, and recently acquired a 65.41% stake in Hepsiburada, an e-commerce platform in Türkiye.

Kaspi.kz Receives Credit Ratings: Kaspi.kz has achieved investment grade ratings from both Moody's (Baa3) and Fitch (BBB-) with stable outlooks, reflecting its diverse business model, strong profitability, and low leverage.

Expansion Plans and Business Model: The company is expanding into Türkiye through a stake in Hepsiburada, leveraging its unique Super App model that integrates payments, commerce, and fintech services to enhance user experience and drive growth.

Kaspi.kz Overview: Kaspi.kz is a unique tech stock from Kazakhstan that combines e-commerce, payments, and fintech services, offering a high dividend yield of over 7% and trading at a low valuation compared to its peers in the industry.

Growth Potential and Analyst Support: The company has shown significant revenue growth across all business segments and recently expanded into Turkey, with analysts predicting a potential upside of over 30% for its shares in the coming year.

Financial Performance: Kaspi.kz reported strong Q4 2024 results with a 28% growth in consolidated revenue and net income, driven by significant increases in payments (30% TPV growth), marketplace (39% GMV growth), and fintech (21% financing volume increase). The company also highlighted advancements in its e-Grocery segment and new product launches.

Future Outlook: For 2025, Kaspi.kz targets a 20% profit growth while acknowledging potential macroeconomic challenges in Kazakhstan, including currency fluctuations and inflation. Analysts expressed caution regarding the integration of Hepsiburada and its impact on profitability amidst competitive dynamics in Turkey's e-commerce market.

Kaspi.kz Performance: CEO Mikheil Lomtadze reported a 25% year-over-year growth in net income for Kaspi.kz in 2024, highlighting the success of their Super App model and various product innovations aimed at enhancing merchant services.

Future Outlook: The company anticipates a strong start to 2025 with an expected 20% growth in net income, focusing on continued innovation and support for merchants in Kazakhstan and Turkiye.

Financial Performance: Kaspi.kz reported a 28% year-over-year increase in consolidated net income and total revenue for Q4 2024, reaching KZT316 billion and KZT730 billion respectively, with significant growth in e-Commerce and delivery services.

Future Outlook: The company anticipates a 20% growth in consolidated net income for 2025, plans to not pay dividends for Q4 2024 and 1H 2025, and emphasizes the importance of overseas expansion for long-term success.

Earnings Release: KASPI.KZ JSC is set to announce its quarterly earnings on February 24th, with analysts predicting revenue of approximately $711.85 billion and earnings of $1764.34 per share.

Institutional Investor Activity: In the latest quarter, 75 institutional investors increased their holdings in KASPI.KZ JSC, while 105 reduced their positions.

Class Action for Kaspi.kz Investors: The Portnoy Law Firm is advising investors of Kaspi.kz to join a class action lawsuit for losses incurred between January 19, 2024, and September 19, 2024, with a deadline to file a lead plaintiff motion by February 18, 2025.

Allegations Against Kaspi.kz: The complaint alleges that Kaspi.kz misled investors by failing to disclose business ties with Russian entities post-Ukraine invasion, undisclosed related party transactions, and connections of executives to criminals, which rendered the company's positive statements misleading.

Class Action Lawsuit Filed: Levi & Korsinsky, LLP has initiated a class action lawsuit on behalf of investors in Joint Stock Company Kaspi.kz, alleging securities fraud related to undisclosed business dealings with Russian entities and other misconduct between January 19, 2024, and September 19, 2024.

Investor Participation Details: Affected investors have until February 18, 2025, to request lead plaintiff status, with no costs or obligations required to participate in the lawsuit for potential compensation.

Class Action Lawsuit Filed: Levi & Korsinsky, LLP has initiated a class action securities lawsuit on behalf of investors in Joint Stock Company Kaspi.kz, alleging securities fraud related to undisclosed risks and false statements made by the company between January 19, 2024, and September 19, 2024.

Investor Participation Details: Affected investors have until February 18, 2025, to request appointment as lead plaintiff, with no out-of-pocket costs required to participate in the lawsuit.

Class Action Lawsuits Announced: The Law Offices of Frank R. Cruz have filed class action lawsuits on behalf of shareholders from Applied Therapeutics, Inc. and Joint Stock Company Kaspi.kz, with deadlines for lead plaintiff motions set for February 18, 2025.

Allegations Against Companies: Both companies are accused of making misleading statements and failing to disclose critical information regarding their business practices, which potentially misled investors about the companies' operations and risks.

Class Action Lawsuit Announcement: Robbins Geller Rudman & Dowd LLP has announced that investors who purchased shares of Kaspi.kz between January 19, 2024, and September 19, 2024, have until February 18, 2025, to apply as lead plaintiffs in a class action lawsuit alleging violations of the Securities Exchange Act by the company and its executives.

Allegations Against Kaspi.kz: The lawsuit claims that Kaspi.kz misled investors by failing to disclose its continued business with Russian entities post-invasion of Ukraine, engaging in undisclosed related party transactions, and having executives linked to criminal activities, which led to a significant drop in share prices following a negative report.

Class Action Reminder: Rosen Law Firm is reminding investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, of the February 18, 2025 deadline to join a class action lawsuit for potential compensation without upfront costs.

Allegations Against Kaspi.kz: The lawsuit claims that Kaspi.kz made misleading statements regarding its business operations, including undisclosed dealings with Russian entities and links to criminal figures, which led to investor losses when the truth was revealed.

Class Action Lawsuit Announcement: Robbins Geller Rudman & Dowd LLP is inviting investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, to seek appointment as lead plaintiff in a class action lawsuit alleging violations of the Securities Exchange Act due to misleading statements and undisclosed risks related to business operations with Russian entities.

Allegations and Impact: The lawsuit claims that Kaspi.kz continued operations with Russian entities post-Ukraine invasion, engaged in undisclosed transactions, and had executives linked to criminal activities, leading to a nearly 19% drop in share price following a critical report by Culper Research.

Class Action Lawsuit Notification: Rosen Law Firm is reminding investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, that the deadline to apply as lead plaintiff in a class action lawsuit is February 18, 2025.

Allegations Against Kaspi.kz: The lawsuit claims that Kaspi.kz made significant false or misleading statements regarding its business operations, including undisclosed dealings with Russian entities and connections to known criminals, which led to investor losses when the truth was revealed.

Class Action Lawsuit Announcement: Investors in Joint Stock Company Kaspi.kz (NASDAQ: KSPI) are reminded of the February 18, 2025 deadline to join a securities fraud class action lawsuit for losses incurred between January 19, 2024, and September 19, 2024.

Allegations Against Kaspi: The lawsuit claims that Kaspi misled investors about its business operations, particularly regarding its ties to Russia and undisclosed risks, following a report from Culper Research that caused a significant drop in the company's stock price.

Class Action Reminder: Rosen Law Firm is reminding investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, of the February 18, 2025, deadline to join a class action lawsuit due to alleged misleading statements by the company.

Legal Representation Importance: The firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting their own achievements in recovering significant settlements for investors.

Securities Class Action Filed: A securities class action lawsuit has been initiated against Joint Stock Company Kaspi.kz for allegedly making false statements and failing to disclose risks related to its business with Russian entities during the Ukraine conflict, affecting investors who purchased shares between January 19, 2024, and September 19, 2024.

Investor Participation Encouraged: Investors who incurred losses are urged to contact Wolf Haldenstein Adler Freeman & Herz LLP by February 18, 2025, to potentially become lead plaintiffs in the case and to learn more about their rights.

Class Action Lawsuit Filed: Levi & Korsinsky, LLP has initiated a class action securities lawsuit on behalf of investors in Joint Stock Company Kaspi.kz, alleging securities fraud related to undisclosed risks and false statements made by the company between January 19, 2024, and September 19, 2024.

Investor Participation Details: Affected investors have until February 18, 2025, to request lead plaintiff status, with no costs required for participation in the lawsuit, as compensation may be available without out-of-pocket expenses.