Latest news with #NidaIqbal
Yahoo
6 days ago
- Business
- Yahoo
Morgan Stanley Lowered the Firm's PT on Joint Stock Company Kaspi.kz (KSPI), Maintained a Buy Rating
Joint Stock Company (NASDAQ:KSPI) is one of the Best 52-Week Low Stocks to Buy According to Analysts. On June 17, Morgan Stanley analyst Nida Iqbal lowered the firm's price target on Joint Stock Company (NASDAQ:KSPI) from $127 to $115, while maintaining an Overweight rating on the stock. The revised price target comes after the firm returned from an investors' trip to Kazakhstan, Uzbekistan, and Turkey. Morgan Stanley remained positive about Joint Stock Company (NASDAQ:KSPI) after the trip; however, they decreased the group's net income forecast for 2025 by 6%. This was due to the expected losses from the company's operations in Turkey. The firm advises investors to be patient because there are near-term challenges ahead. They believe the company will face some headwinds but has good prospects in the medium to long term. Joint Stock Company (NASDAQ:KSPI) is a leading fintech and e-commerce company based in Kazakhstan. It provides an integrated ecosystem of services including online payments, digital banking, and a marketplace for shopping. While we acknowledge the potential of KSPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Morgan Stanley Lowered PT on Joint Stock Company (KSPI), Kept an Overweight Rating
Joint Stock Company (NASDAQ:KSPI) is one of the 10 Best 52-week Low Tech Stocks To Buy According to Analysts. On June 17, Morgan Stanley analyst Nida Iqbal lowered the firm's price target on Joint Stock Company (NASDAQ:KSPI) from $127 to $115, while keeping an Overweight rating on the stock. The rating comes after the firm hosted an investor trip to Kazakhstan, Uzbekistan, and Turkey. The overall outlook of the firm on Joint Stock Company (NASDAQ:KSPI) remains positive, however, the firm has lowered its 2025 group net income forecast by 6%, mainly due to expected losses in Turkey. The analyst emphasized that patience is required as the company faces near-term headwinds. A stock market graph. Photo by During the fiscal first quarter of 2025, Joint Stock Company (NASDAQ:KSPI) delivered a revenue of KZT685 billion, representing a 21% increase year-over-year, excluding Türkiye. Including Türkiye, the revenue reached KZT834 billion. Moreover, the net income excluding Türkiye increased 16% year-over-year to reach KZT260 billion. Whereas, when including Türkiye the net income drops down to KZT254 billion. Management noted that the results were broadly in line with their expectations. Joint Stock Company (NASDAQ:KSPI) is a financial technology company based in Kazakhstan that offers a variety of digital services through its mobile app. The company operates through three main areas including Payment Platforms, Marketplace Platforms, and Fintech Platforms. While we acknowledge the potential of KSPI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Business Recorder
28-06-2025
- Business Recorder
Swat: flash flood sweeps away 18 tourists
PESHAWAR: Eighteen tourists mostly from Daska, are confirmed dead, and three have been rescued, while remaining seven tourists are missing. Assistant Commissioner (AC) Swat Dr Nida Iqbal said the Swat administration had already imposed Section 144 a week ago, keeping in view the incoming flash floods in the river. She said seven tourists lost their lives and their bodies were recovered from the Swat River, while three people have been rescued so far. Khyber Pakhtunkhwa Rescue 1122 Director General said 80 personnel are taking part in the rescue operation to locate the remaining individuals. Following the tragic incident, Malakand Division Commissioner Abid Wazir s announced a formal inquiry to determine any negligence. Speaking to the media, the commissioner said that the administration took immediate action after the flash floods in the area. 'Four people were rescued alive on the spot, while eight bodies have been recovered so far. The search for six missing persons is still under way,' he confirmed. He further stated that Section 144 has been in effect in Swat since June 2, and 45 violations have been registered so far. He also revealed that more than 72,000 tourists were unexpectedly stranded and had to be evacuated as the situation has worsened. However, Deputy Commissioner (DC) Swat Shahzad Mehboob emphasised that the local administration had taken preventive measures prior to the incident. 'Warning signs were installed along the Swat River to prevent tourists from approaching dangerous areas,' he said. 'We once again urge all tourists to stay away from the river and follow official guidelines.' Family members of the Swat tragic incident have revealed that the incident occurred suddenly as they were enjoying their morning. Copyright Business Recorder, 2025
Yahoo
18-06-2025
- Business
- Yahoo
Kaspi.kz price target lowered to $115 from $127 at Morgan Stanley
Morgan Stanley analyst Nida Iqbal lowered the firm's price target on (KSPI) to $115 from $127 and keeps an Overweight rating on the shares after having hosted an investor trip to Kazakhstan, Uzbekistan and Turkey last week. The firm came away positive post the trip and maintains an Overweight rating on Kaspi, but its 2025 group net income forecast is lowered by 6%, primarily driven by incorporation of losses in Turkey, and it acknowledges 'patience is required given near-term headwinds.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on KSPI: Disclaimer & DisclosureReport an Issue JSC Reports Strong Q1 2025 Revenue Growth Amid Comprehensive Income Challenges price target lowered to $130 from $140 at Susquehanna Reports Strong Q1 2025 Growth Amid Challenges JSC Earnings Call: Growth Amid Challenges reports Q1 revenue up 21% year-over-year
