Added to YB: 2026-03-19
Pitch date: 2026-03-17
HSBK.IL [bullish]
Halyk Bank of Kazakhstan Joint Stock Company
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
$4.1T
Pitch Price
N/A
Price Target
100.00
Dividend
5.52%
EV/EBITDA
N/A
P/E
3.79
EV/Sales
N/A
Sector
Banks
Category
value
Halyk Bank (LSE: HSBK) - the indirect oil play?
HSBK.IL: Dominant Kazakh bank at 4x P/E, 30%+ ROE, 7% NIM, <17% cost-to-income, 20%+ EPS growth, 12%+ div yield. 8.3M users (40% of pop) via Super App. Indirect oil play—benefits from elevated Brent. Fair P/E 12x implies ~200% upside to KZT1,200/shr or $95-100 GDR. Risks: ALMEX/Nazarbayev family control, oil price collapse, tenge volatility, regulatory tightening, geopolitical instability, Kaspi competition. FY25 results March 27.
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