The slowdown of inflation in the US is boosting the attractiveness of investing in small and mid-cap mid-cap companies in the American market. Despite their valuations being incomparable to market leaders, such companies offer huge opportunities for investors. Recent data from the US Department of Labor has encouraged investors: job…
Acquiring property is one of the three most popular investment strategies for Kazakhstanis. The vast majority of them would prefer to buy an apartment in one of the country’s big cities to lease it to tenants for a 25% interest rate per annum at least, according to a survey by…
As product-sharing agreements on Karachaganak, Kashagan and Tengiz are getting closer to expiring, new negotiations between Kazakhstan and foreign investors are looming ahead. We have to talk in the same language on these negotiations,” says Askar Ismailov, head of the PACE analytical company. Of course, he doesn’t mean the English…
People are keen to trust people in uniforms. In the age of artificial intelligence and fake images, it might be too dangerous. Nikolai Legkodimov, a tech expert, shares his thoughts about these risks in his op-ed. Near the home stadium of the German football club “Union”, famous among other things…
The Consumer Confidence Index (CCI) has been gradually declining since early January after active growth in late 2023. It is still in the positive zone, though. Inflation is also slowing down, which is why Kazakhstanis less often report price increases looking back to last year and last month. They’ve also…
Following the start of trading with Air Astana’s stocks on the KASE and AIX, the airline has summarized the results of its initial public offering (IPO). According to the company, the total number of orders for the stock surpassed its supply, thanks to the support of Kazakhstani and international investors.…
Freedom Finance Global is going to provide investors an opportunity to acquire stocks and global depository receipts (GDR) of Air Astana on the AIX and London Stock Exchange (LSE) before the start of the standard trading session scheduled on February 15, according to a press release by the AIX. Premarket…
Nearly 220 years ago, in January 1802, a heinous crime was committed in London. A certain George Forster murdered his wife and child, discarding their bodies in a canal. While Forster’s conflicts with his wife were well-known, it was the immediate discovery of her body contrasted with the three-day search…
Even though Jusan Invest’s analysts described the last production report by Kazatomprom as «fundamentally negative,» they have recommended buying the stocks as their price can surge by 40%. The authors of the report have set the target price for Kazatomprom’s stock at $62.40 with the recommendation «to buy,» although they…
As Halyk Bank told Kursiv, it still wants to sell its Kyrgyzstani subsidiary to the Visor group. Both sides have been waiting for approval from the Kyrgyz regulator for three months now. In 2019, Aidan Karibzhanov, the majority shareholder of Visor, commented on assets in the neighboring country: «We still…
According to the Agency for Regulation and Development of the Financial Market (ARDFM), in 2023, almost all segments of Kazakhstan’s banking sector reported growth over the 2022 results except for mortgages and retail lending. Consumer lending has risen by 34.1% to $22.8 billion, while equity capital of the entire banking…
The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz…
Independent examination by Morgan, Lewis & Bockius LLP and Forensic Risk Alliance has proven that accusations against Freedom Holding Corp. presented in a report by Hindenburg Research were false, according to a press release by the holding. The legal firm Morgan, Lewis & Bockius was established in the U.S. in…
Last year, expenditures associated with the management of the National Fund of Kazakhstan and its audit were three times bigger than in 2022, due to fees and bonuses to external managers for excess returns. On January 18, 2024, Kursiv covered the results of the National Fund of Kazakhstan in 2023…
The Association of Financiers of Kazakhstan (AFK) has summed up the results of 2023 for the country’s stock market. In its review of the market, the AFK analyzed the performance of stock indexes, the stock value of leading Kazakhstani companies and the pool of retail investors and assets under management…
The Astana International Exchange (AIX), a trading platform within the Astana International Financial Center (AIFC), has reported its results for 2023. Over the past twelve months, the total volume of trade at the exchange has grown more than threefold from $173 million to $582 million. The stock market, in turn,…
The current shareholders of Kaspi.kz are going to sell around nine million depository receipts during an initial public offering on Nasdaq, according to a report filed to the U.S. Securities and Exchanges Commission (SEC), Bloomberg reported. By now, depository receipts issued by the fintech group are traded on the London…
Intensity Therapeutics, a U.S. company that produces drugs specifically designed to treat breast cancer, has presented the results of its latest studies that have proven 95% efficacy of the INT230-6 drug against cancer cells. As a result, the company’s stock value has risen by 2.5 times. In June 2023, Intensity…
The Turkish market of IPOs has demonstrated record-high results this year, both in terms of the number of companies that went public and the amount of funds that have been raised. In 2023, Turkish companies raised more than $2.3 billion through IPOs. In November, Borsa Istanbul conducted an opening bell-ringing…
Hedge funds that bet on short positions have lost more than $43 billion due to a market rally on the U.S. stock market in less than a week. Short sellers who shorted against companies with growing borrowing costs over at least the past twelve months have been severely hit by…
DayDayCook (DDC), a Chinese food company that went public in the middle of November, can repurchase part of its shares in order to support its share price, two people familiar with the matter told Kursiv. As of Tuesday, the stock price was 33% lower than during the initial offering. Details…
The last six months have been like a roller coaster ride for the global stock market. First, the key indexes soared close to their record highs rebounding from pessimism related to the COVID-19 pandemic, but then plunged to the levels from which they started. The modern world faces many challenges…
According to analysts of Freedom Broker, which monitors the price of Kaspi.kz global depository receipts traded on the LSE, the security’s price is going to rise by 31%. The forecast is based on a quarterly report by Kaspi.kz published earlier this week. Freedom Broker has described this report as moderately…
Kaspi.kz, the fintech company from Kazakhstan, announced that it has confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission relating to the proposed public offering of American depositary shares representing the company’s common shares by existing holders of the company’s depositary shares. «Kaspi.kz…
