Professional
Added to YB: 2024-12-19
Pitch date: 2024-12-17
HSBK.IL [bullish]
Halyk Bank of Kazakhstan Joint Stock Company
+2.42%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
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
KZT 2.6T
Pitch Price
KZT 246.00
Price Target
N/A
Dividend
3.98%
Sector
Banks
Category
dividend
Meditation Capital Portfolio Holding: Halyk Bank of Kazakhstan
HSBK.IL: #1 Kazakhstan bank, 2.8x P/E, 0.9x P/B, 38% Q3 ROE. $3 dividend in 2023 (20% yield on Jan price). Expect $3.20+ div in 2024, mid-teens LC earnings growth. Resilient through cycles, 19% CET1 ratio. No dividend withholding tax.
Read full article (1 min)