We are initiating analytical coverage of Solidcore Resources plc — the leading gold producer in Kazakhstan, currently in a transitional phase from its current production level of 0.5 million ounces to scaling the business to 1 million ounces by 2030.We
“Valuation update for JSC “NAC Kazatomprom” based on 9M 2025 results. According to our model, we increased the fair value per share to 61 USD, implying an 10% upside from the current market price, with a ‘Buy’ recommendation
По нашему мнению, отчёт является нейтральным. Несмотря на рост квартальной выручки на 10,1%, чистая прибыль за 9 месяцев 2025 года снизилась на 34%, главным образом из-за временного усиления влияния проблем с двигателями Pratt & Whitney. Мы ожидаем, что
The company's operating performance indicators remained stable during the reporting period, without any significant deviations.As a result, we have maintained our target price for one share at 1,778 ₸ , with a potential upside of 27% from the current
“Valuation Update for Kaspi.kz based on 9M 2025 Financial results According to our updated valuation model, we reaffirm the fair value of Kaspi.kz shares at 111 USD per share, implying an upside potential of 48% from the current market price and supporting our