1/8/25 - $kspi - Fastest grow bank for <10x PE

1/8/25 :: VROCKSTAR :: KSPI
Fastest grow bank for <10x PE

- if u don't like chinese stonks, brazilian carnival or int'l markets, mmm... a kazakhstan centric king kong that just bought some turkish e-comm exposure is probably not your jam

- but if you're in the mkt to take risk and turn over some rocks, keep this one on your close radar. similar to when i pointed out DLO (not a bank), this is a similarly "unique" and very much off the radar name for most.

- i generally don't like investing in banks for number of reasons (unless it's my mandate, thankfully no longer), but the main one is that returns kind of suck and require a nuanced view of economic factors and marginal improvements (and a healthy dose of mgmt discretion and timing and communication) that are simply put - hard to forecast.

- but in the case of banks that dominate... and i can think of two unique examples, NU (which i've written up and is about a 3% position for me ATM) and kspi... i'll pay attention. these are secular stories that bring much more to the table than your typical financial yawn.

- so put this one on your radar. at 7.5x PE for 25% growth... and even while i contend it's not "international stonks time to shine until probably 2H"... the px is pretty legit entry here... and minimally we wick off on another few days/ weeks of 1Q/1H25 and the risk reward becomes pretty obvious.

whatchu think anon? r we doing NU and KSPI for our banks stonks allocation this year? 5% for each at the right px? i'm 3% nu and 2% kspi right now. still patient, still waiting. never aggressive until i smell blood.

V

PS - yuh i know short report. it's BS. can respond in comments if u wanna know more. cheap shot.