Investment Thesis

Freedom Holding Corp. (FRHC) shares are up 64% this year. However, growth prospects are not exhausted yet. I believe this is a rare example of a growing company at an attractive price. The company is aggressively growing its customer base and its financial performance is impressive. Opportunities for future growth are also provided by market conditions.

Company Profile

Freedom Holding Corp. is a growing investment company organized in the United States with the headquarter in Almaty, Kazakhstan. Freedom positions itself as an Investment Bank from Eastern Europe and Central Asia. The company provides various financial services including investment counseling, research, market making and underwriting services. However, this is more of a brokerage firm. More than 80 percent of Freedom’s revenue comes from brokerage commissions. The company gained wide popularity by providing its clients with the opportunity to invest in shares of American companies including new listings. FRHC has