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Analyses

Every analysis is a portrait of one moment: it carries the date in plain sight, the author’s disclosure of positions and the legal notice. Old analyses are never deleted or rewritten — they are corrected with a dated note.

You can also browse by company, with each company’s analyses in the order they came out.

Kaspi.kz · KSPI24 min read

Kaspi.kz: A Bargain Straight Out of Kazakhstan?

An analysis of Kaspi.kz at 105.21 USD, a company almost nobody in Portugal has heard of that earns more than 2 billion dollars a year in a country of 20 million people.