12 Best Young Stocks To Buy and Hold For 10 Years

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7. Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

3-Year CAGR as of February 11: 46.51% 

Number of Hedge Fund Holders: 26

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) provides payments, marketplace, and fintech solutions in Kazakhstan. Through its three platforms, it facilitates transactions between consumers and merchants, connects online and offline sellers with buyers, and offers financial products. These products include BNPL and merchant financing. Its services are accessible through its super app and include features like mobile commerce, travel booking, and various financial tools.

The company’s Fintech segment showed strong Q3 2024 performance, with revenue up 24% and net income increasing 15% year-over-year. This was driven by lower interest rates and the growing influence of AI. AI-powered risk assessment and credit scoring models are boosting loan origination while keeping the cost of risk stable. The loan portfolio grew 39% year-over-year. With continued AI advancements and lower funding costs, profitability is expected to improve.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) acquired 40,000,000 Class A and 173,246,220 Class B shares (65.41% of total outstanding shares) of Hepsiburada for about $1,127 million as January ended. Hepsiburada is a leading e-commerce platform in Turkey. Both companies will maintain separate brands and operations.

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