Anton Kuznetsov
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Articles
Standard Bank: Because Apparently “Risky” Now Means Buying Africa’s Biggest Banking Machine
Standard Bank Group Ltd. is not a moonshot tech stock, a junior miner, or a “trust me bro” turnaround. It is a large, profitable African banking group with serious scale, high returns on equity, a meaningful dividend, and exposure to South Africa plus faster-growing African markets. That makes it slightly awkward for a high-risk, high-reward investor: the risk is not that the company is broken; the risk is that the stock may already be pricing in a lot of quality.
Naspers: Because Apparently Owning Tencent Wasn’t Complicated Enough
Naspers Ltd. remains one of the strangest “local” JSE investments: a South African-listed stock whose value is still heavily tied to Tencent, while management is trying very hard to convince the market it is no longer just a Tencent wrapper wearing an ecommerce hoodie. The latest HY2026 results show real progress: revenue growth, higher ecommerce profitability, strong free cash flow, continued buybacks, and a more aggressive “AI-first lifestyle ecommerce ecosystem” strategy. For a high-risk, high-reward investor, NPN is interesting because the market is being asked to re-rate Naspers from “discounted holding company” to “global tech operator.” That is a big ask—but the numbers are finally less embarrassing. Assumption: the quoted “R 88 841,00” appears to be the JSE-style quote in cents, meaning roughly R888.41 per share, especially after the 5-for-1 share split completed in October 2025. Naspers states that the split affected per-share metrics and that current and comparative numbers were adjusted accordingly.