NasdaqGS:KSPIConsumer Finance
Did Kaspi.kz’s 2025 “Investment Year” Plan Just Recast KSPI’s Growth‑Versus‑Profit Narrative?
Susquehanna recently downgraded Joint Stock Company Kaspi.kz (NASDAQ: KSPI) to a Neutral stance, while Citi reaffirmed its positive view, as management signalled that 2025 will be an “investment year” focused on balancing spending and shareholder returns.
This shift toward heavier investment has highlighted differing analyst opinions and raised questions about how Kaspi.kz will balance growth initiatives with maintaining its established profitability profile.
Now, we’ll examine how...