Kaspi.kz (KSPI): Taurus Case Theory

We encountered a Saudi thesis On the shared stock company Kaspi.kz (KSPI) on Stnstack by Antoni Nabzdyk. In this article, we will summarize the bull thesis on KSPI. The share of the shared stock company Kaspi.kz (KSPI) was traded at $ 90.86 as of May 7^Y. KSPI’s Thering P/E 8.69 was according to Yahoo Finance.

A businesswoman uses her mobile device to shop on the e -commerce platform.

Kaspi.kz (KSPI) is one of the most wonderful and appreciated technology stories in the global market today, as it presents a convincing issue as a super -dominant application in Kazakhstan. Through an environmental system that includes market trade, digital payments, lending, deposits, travel reservations, postpartum delivery, and even access to government services – all within one mobile phone application – KASPI included itself deeply in the daily life of its users. Its first strategy allows the mobile phone, avoids the development of the desktop completely, remains flexible and spread it quickly, and takes advantage of automation from end to end and the infrastructure of the advanced test. The concentrated mobile phone experience is essential for the user’s sharing of sticky and opportunities to continue to shift, similar to how to keep its customers by locking the ecosystem. The application serves both consumers and merchants through distinct offers and captures wide quantities of user data, which runs the customization that AI-AND is on the Amazon recommendation engine or Duolingo user participation experiences.

KASPI payments and market sectors are born higher profit margins, while the electronic electronic sector is an initiative of low margin but of strategic value in expanding its ecological system. Its investments in free delivery via a national network of postomats increased significantly from the use of the application and customer satisfaction, proving the company’s strategic insight. Financially, KASPI is very intact, with a healthy public budget, wise debt management, and strong profitability standards. Its total margins, operation and profit are envied and improved constantly, displaying operational distinction and expansion. Compared to their regional and international peers, Kaspi highlights with highly efficient standards, which should not be ignored by investors.

The prevailing center of the company in Kazakhstan gives the strength of the monopoly -like market, especially in technical voters and e -commerce. With active monthly users and almost unparalleled customer loyalty, it will be difficult for new expatriates – even international players like Amazon – do a significant sort without a troublesome strategy. Even if KASPI lost its share in the market in one vertical one, its multi -side platform guarantees flexibility through diversification, giving it a clear structural feature in a relatively isolated market. However, investors must consider the risks under investment in emerging markets. Kaspi files expressly remember the geopolitical risks, terrorism, natural disasters and other regional instability as material risks to operations. Kazakhstan’s proximity to Russia and the lack of NATO protection can represent the risks of black geopolitical, although nothing is imminent today.