1H 2025 Financial Results Valuation update for JSC NAC Kazatomprom following the 1H 2025 financial results. Based on our model, we have raised the target price to $52 per share, implying a 16% potential upside from the current market price, with a “Buy
KEGOC: Результаты 6М 2025 года АО «KEGOC» (далее – «Компания») опубликовало операционные результаты деятельности за 6 месяцев 2025 года. Мы сохранили стоимость за одну простую акцию на уровне 1 778 тенге, с оценкой – BUY/«Покупать
Update on JSC “National Company KazMunayGas” Valuation for 1H 2025. Based on our model, the target price per share has been revised upward to ₸19,397. KazMunayGas shares are trading at fair value levels. Recommendation: Hold
Equity research update of JSC Kaspi.kz following 1H 2025 Results Based on our model, we have updated the target price per share to KZT 57,922, implying a potential upside of 14% from the current market price, with a “Buy” recommendation
A revaluation of JSC “Air Astana” has been carried out based on the financial statements for the first half of 2025. According to our valuation model, the target price of the share is set at 6,32 $/GDR, which represents a 12,4% upside from the current