Fall traditionally revives financial markets: the companies publish financial reports, investors revise their portfolios and stock prices gain fresh momentum. Analysts at Freedom Broker have highlighted key investment ideas for Kazakhstan and global markets.
Kazakhstan’s market
One of the fall’s wild cards is the Kazakhstan Electricity Grid Operating Company (KEGOC). Following a tariff increase, the company reported growth in both revenue and profit, which could potentially lead to higher dividends.
Halyk Bank continues to hit new highs: investor interest in the bank’s securities remains strong, despite having recently cooled due to dividend payouts.
Kaspi.kz posted record-high interest income and fee growth in Q2, while its stock price has already moved higher.
Air Astana traditionally benefits from the summer season and remains among investors’ favorites.
According to analysts, KEGOC’s growth potential is estimated at 45%, KazTransOil’s at 29% and Air Astana’s at 28%.
Dividends
Although the main dividend season ended earlier this summer, investors may still count on payouts from KEGOC and, probably, Halyk Bank in the fall.
Global opportunities
In international markets, investors are watching companies in the artificial intelligence (AI), cloud technologies, energy and pharmaceuticals sectors.
According to Freedom Broker, the favorites are as follows:
- Micron: Benefiting from demand for new memory chips for AI, its stock remains undervalued.
- Alphabet (Google): Strong positions in advertising, cloud solutions and YouTube; analysts believe the market has underestimated the company’s potential.
- Amazon: Steady growth supported by Amazon Web Services and the AI segment.
- JPMorgan: Record profits and return on equity (ROE), plus dividends and buybacks.
- ExxonMobil: Strengthened its position after the Pioneer deal, remains a leader in oil and gas.
- Mastercard: Developing multi-currency and cryptocurrency solutions.
- Johnson & Johnson and Procter & Gamble: Stable dividend histories.
- Alibaba: Focuses on cloud solutions and AI, despite geopolitical risks.
- Agnico Eagle Mines: One of the most stable gold mining companies.
