According to a survey by Freedom Broker, analysts have lowered the target share price for Kazakhtelecom by 8.2%, from $95.70 to $87.85. This estimation is based on the operator’s latest quarterly report, which experts have read as moderately negative. Despite this, analysts recommend investors hold the stock as its price can go up soon.

Analysts worsen their outlook for Kazakhtelecom, keeping hope that the stock will grow anyway

Following the start of trading with Air Astana’s stocks on the KASE and AIX, the airline has summarized the results of its initial public offering (IPO). According to the company, the total number of orders for the stock surpassed its supply, thanks to the support of Kazakhstani and international investors.

Air Astana summarizes results of IPO

The Ministry of National Economy has added Mobile Telecom Service LLC to the list of entities that must be transferred to the private sector before 2025. Mobile Telecom runs two mobile operators, Tele2 and Altel, and belongs to Kazakhtelecom. The corresponding adjustments in the document were published on the legalacts.egov.kz website.

Kazakhtelecom to sell Tele2 by the end of this year

Independent examination by Morgan, Lewis &amp; Bockius LLP and Forensic Risk Alliance has proven that accusations against Freedom Holding Corp. presented in a report by Hindenburg Research were false, according to a press release by the holding.

Independent examination proves all accusations against Freedom Holding Corp. were false

The Association of Financiers of Kazakhstan (AFK) has summed up the results of 2023 for the country’s stock market. In its review of the market, the AFK analyzed the performance of stock indexes, the stock value of leading Kazakhstani companies and the pool of retail investors and assets under management by investment companies, among other factors.

Kazakhstani financiers sum up the results of last year

The Astana International Exchange (AIX), a trading platform within the Astana International Financial Center (AIFC), has reported its results for 2023. Over the past twelve months, the total volume of trade at the exchange has grown more than threefold from $173 million to $582 million. The stock market, in turn, has doubled in size and reached $130 million in total.

AIX reports threefold growth year-on-year

The current shareholders of Kaspi.kz are going to sell around nine million depository receipts during an initial public offering on Nasdaq, according to a report filed to the U.S. Securities and Exchanges Commission (SEC), Bloomberg reported.

Alexey Afonskiy

Writes about:

Joint Stock Company Kaspi.kz

Nasdaq, Inc.

Freedom Holding Corp.

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