30 pages of exaggerations, strenuous links and false allegations, demonstrating a severe misunderstanding of Russian sanctions - with a couple of valid points sprinkled in.
I linked to your writeup in my links collection post for today (and had linked to the short seller piece the other week): https://emergingmarketskeptic.substack.com/p/emerging-markets-week-october-14-2024 Frankly, Halyk Bank (LSE: HSBK / FRA: H4L1) is probably a better bet as its undervalued and does not get much attention b/c everyone wants to talk about fintech and super apps......
I have not looked at it too closely BUT I know its been mentioned by funds as a holding or in fund manager interviews/talks about how its undervalued (does have a ow P/E etc) as it does not generate the sort of attention as Kaspi and other fintechs like Nu Holdings does...
I linked to your writeup in my links collection post for today (and had linked to the short seller piece the other week): https://emergingmarketskeptic.substack.com/p/emerging-markets-week-october-14-2024 Frankly, Halyk Bank (LSE: HSBK / FRA: H4L1) is probably a better bet as its undervalued and does not get much attention b/c everyone wants to talk about fintech and super apps......
Thanks for that. Out of interest, have you taken a serious look at Halyk?
I have not looked at it too closely BUT I know its been mentioned by funds as a holding or in fund manager interviews/talks about how its undervalued (does have a ow P/E etc) as it does not generate the sort of attention as Kaspi and other fintechs like Nu Holdings does...