This Obscure Nasdaq Listing From A Faraway Land Has Outperformed The S&P 500 Over The Last Two Years. Is It Worth The Risk?
Portfolio Pulse from Kenneth Rapoza
The article discusses the performance and potential of two Kazakh companies, Kaspi.Kz (KSPI) and Freedom Holding Corp (FRHC), listed on the Nasdaq. Kaspi.Kz debuted at $95.97 per share and has shown strong performance, while Freedom Holding has faced legal challenges but is showing signs of recovery. The article also mentions the iShares MSCI Emerging Markets Ex-China ETF (EMXC) and the iShares MSCI Emerging Markets Index ETF (EEM) as benchmarks.
May 23, 2024 | 1:12 pm
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POSITIVE IMPACT
The iShares MSCI Emerging Markets Ex-China ETF (EMXC) has outperformed the S&P 500 over the last two years, indicating strong performance in emerging markets excluding China.
EMXC's strong performance relative to the S&P 500 suggests positive investor sentiment towards emerging markets excluding China.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Kaspi.Kz (KSPI) debuted on the Nasdaq at $95.97 per share and has shown strong performance, reaching a peak of $135.14 and currently trading around $118 with a 6.16% dividend yield.
Kaspi.Kz has shown strong performance since its debut, indicating positive investor sentiment and potential for further growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The iShares MSCI Emerging Markets Index ETF (EEM) is mentioned as a benchmark for emerging market performance, with Freedom Holding Corp (FRHC) gaining on it.
EEM is used as a benchmark for emerging market performance, indicating its relevance in evaluating emerging market stocks.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEUTRAL IMPACT
Freedom Holding Corp (FRHC) has faced legal challenges, including a Russian court seizing $21 million of CEO Timur Turlov's assets. Despite this, the company shows signs of recovery with improved momentum indicators and solid earnings.
Legal challenges have impacted FRHC, but improved momentum indicators and solid earnings suggest potential for recovery.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100