Professional
Added to YB: 2025-12-26
Pitch date: 2025-12-22
HSBK.L [bullish]
Halyk Bank of Kazakhstan Joint Stock Company
-1.06%
current return
Author Info
Idea Brunch is an interview series where great off-the-beaten-path investors share their best ideas and insights about their research process. Yellowbrick users get a 20% discount for life
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
$4.2T
Pitch Price
$374.99
Price Target
N/A
Dividend
5.49%
EV/EBITDA
N/A
P/E
3.82
EV/Sales
N/A
Sector
Banks
Category
value
Idea Brunch with Diego B. Milano of Quercus Fund - Halyk Bank of Kazakhstan Joint Stock Company
HSBK.L: Kazakhstan's largest bank (30%+ market share) trading at 1x P/BV with 30% ROE, 7% NIMs, best-in-class 17-19% cost/income ratio vs 35-50% for EM peers. Math: 30% annual returns reinvesting 50% dividend at same multiple. 15% div yield, 3.3x P/E. Risk: ~5% annual KZT depreciation vs USD.
Read full article (1 min)