Professional
Added to YB: 2025-05-27
Pitch date: 2025-05-24
HSBK.L [neutral]
Halyk Bank of Kazakhstan Joint Stock Company
+18.11%
current return
Author Info
No bio for this author
Company Info
Halyk Bank of Kazakhstan Joint Stock Company, together with its subsidiaries, provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.
Market Cap
$3.4T
Pitch Price
$303.10
Price Target
N/A
Dividend
12.64%
EV/EBITDA
N/A
P/E
3.32
EV/Sales
N/A
Sector
Banks
Category
value
Quercus Fund Portfolio Holding: Halyk Bank of Kazakhstan Joint Stock Company
HSBK.L (holding update): Kazakhstan's largest bank (20-40% mkt share), trading at 1x book value despite 30%+ ROE for 10+ years. 2025 guidance of 30-33% ROE (historically beats guidance). 50% dividend payout (15%+ yield), low banking penetration (30% deposits/GDP vs 45-100% peers). Total return of ~30% in tengge (minus FX depreciation).
Read full article (3 min)