Since the initial public offering (IPO), Air Astana shares have lost nearly 30% of their value (from $2.49 to $1.74). However, analysts and the National Bank of Kazakhstan recommend buying the stock, forecasting a potential price increase of up to 50%. During an interview with Kursiv, CEO of the airline Peter Forster expressed hope that the stock price of the company would align with its strong performance.
As Foster noted, the current stock price does not reflect the airline’s performance, which has been very strong, as confirmed by both local and foreign analysts.
«This is an...