$UCG (+0,37%)
$KSPI (+2,15%)
$MNDY (+2,34%)
$CEG (+2,77%)
$ABX (-1,05%)
$TTWO (+4,08%)
$PARA (-0,83%)
$HIMS (+9,5%)
$RKLB (+7,42%)
$IFX (+5,54%)
$SE (-3,48%)
$QBTS (+3,37%)
$ONON (+0,92%)
$RGTI (+0,7%)
$CRWV (+24,29%)
$ENR (+8,15%)
$SIE (+1,1%)
$iOS$ALV (+0,34%)
$MUV2 (-0,98%)
$NBIS (+14,92%)
$TNIE (+1,48%)
$AMAT (+6,46%)
$NU (+2,95%)
$CBRS

I'd also like to send warm greetings from my vacation in Sardinia ☀️🏝️

$KSPI (+2,15%)
$MNDY (+2,34%)
$PLUG (+0%)
$HIMS (+9,5%)
$RKLB (+7,42%)
$LITE (+11,45%)
$ONON (+0,92%)
$SMCI (+10,12%)
$CRWV (+24,29%)
$QNT (-4,78%)
$TKA (-0,31%)
$NBIS (+14,92%)
$700 (-0,79%)
$JMIA (+2,99%)
$COHR (+10,38%)
$CSCO (+3,49%)
$CBRS
$HFG (-3,37%)
$992 (+7,23%)
$JD (-0,99%)
$ONDS (+4,93%)
$ADYEN (+0,3%)
$AMAT (+6,46%)
$NU (+2,95%)

$CRCL (+4,13%)
$KSPI (+2,15%)
$MNDY (+2,34%)
$CEG (+2,77%)
$ABX (-1,05%)
$HIMS (+9,5%)
$RGTI (+0,7%)
$BAYN (-0,21%)
$NCH2 (+2,95%)
$IOS (+2,38%)
$MUV2 (-0,98%)
$BNP (+0,54%)
$ENR (+8,15%)
$TKA (-0,31%)
$SE (-3,48%)
$ONON (+0,92%)
$QBTS (+3,37%)
$UA (-2,48%)
$OKLO
$SIE (+1,1%)
$ALV (+0,34%)
$BABA (-0,05%)
$S92 (+0,87%)
$DTE (+0,52%)
$700 (-0,79%)
$NBIS (+14,92%)
$CSCO (+3,49%)
$ONDS (+4,93%)
$KLAR (+2,88%)
$FIG (+2,58%)
$NU (+2,95%)

$KSPI (+2,15%) reported consolidated figures for the Turkish business for the first time today. It also listed many special effects and compared them with underlying figures.

It is correspondingly difficult to classify the figures.

key facts:

• Kazakhstan continues double-digit profit and sales growth despite government regulation (bank deposit, key interest rate and higher taxes)
• Turkey still loss-making, but break-even in sight for 2026
• USD 300 million reserve for Rabobank takeover in mid-2026
• Resumption of dividend payment of 850 KZT for the past year
• Adjusted EBITDA to increase from KZT 1.56 trillion to KZT 1.6 trillion in 2026

Kaspi will therefore remain a high conviction stock in 2026 with not inconsiderable risks, but still in the portfolio.

$KSPI (+2,15%)
$NCLH (+2,3%)
$STNE (+3,49%)
$BEI (-1,35%)
$SE (-3,48%)
$ONON (+0,92%)
$TGT (+1,52%)
$GTLB (+2,18%)
$CRWD (+1,98%)
$BAYN (-0,21%)
$WIX (+7,48%)
$ADS (-1,12%)
$AVGO (+5,1%)
$DHL (+1,68%)
$R3NK (-4,56%)
$JD (-0,99%)
$BILI (-0,79%)
$1913 (+0,06%)
$MRK (+1,12%)
$MRVL (+10,48%)
$GPS (-0,66%)
$COST (+1,11%)
$IOT (+2,7%)
$LHA (+1,02%)

The idea of further diversifying my portfolio had solidified somewhat in recent weeks. $IREN (+5,04%) I left it at my self-imposed partial sell target of EUR 55 and started to build up the first positions on Friday. I am sticking to my target of investing around EUR 5k in each position. $IREN (+5,04%) remains in the portfolio with 500 shares and will (probably) not be touched in the near future. $DEFI (+5,17%) Now also full with 5,500 shares.

19k liquidity left and will still be invested in top-ups + new shares.

Individual shares are now:

$IREN (+5,04%)

$RACE (+0,68%)

$DSFIR (+0,78%) possibly increase

$MUM (+0,6%) possibly increase

$IOS (+2,38%)

$KSPI (+2,15%)

$FI (+1,68%)

$FSLR (-0,8%) Increase if necessary

$PYPL (+1,12%)

$CELH

$DEFI (+5,17%)

$UBER (+1,6%)

$NICE Increase if necessary

$ALCRB (-3,86%)

$INPST

$6367 (+2,12%)

Does anyone else have an idea for a share, possibly also from the German-speaking region? The Asian region would also be very interesting, although I am looking a little at $1810 (-2,23%) look at.

vg and have a nice WE

Micha

After September also provided a decent return, I'm hoping for 150k at the end of the year. I have also recently started betting on a boost of $DEFI (+5,17%) . $KSPI (+2,15%) is out for me with +20% after a good run.

A bit of "stability" is provided by $DSFIR (+0,78%) and $MUM (+0,6%) although I hope to have bought them at a relatively low level. We will see...

Otherwise, onwards:

$DEFI (+5,17%)

$IREN (+5,04%)

$CELH

$PYPL (+1,12%)

$FSLR (-0,8%)

good investment to all!

Thanks to a clear overweight $IREN (+5,04%) August was also very satisfactory. $KSPI (+2,15%) Sold at exactly the right time and got back in today. First tranche today $FSLR (-0,8%) . Very good position to get another boot in the door in the Renew. E. to get a boot in the door.

In addition, the 100k was cracked in August, which was my target for 2025. It won't always be like this, so I'm more than satisfied and grateful!

Hello dear Getquin Community,

today I would like to introduce you to the exciting topic frontier markets which is currently on everyone's lips. Anyone who follows the flow of money will quickly realize that there is no way around these markets in the future. After thorough research, I would like to introduce you to 10 shares and 5 ETFs with enormous potential.

Significance

Frontier markets are the bridge between emerging and industrialized countries. The MSCI Frontier Markets Index comprises 233 companies from 28 countries and covers around 85 % of the freely tradable market capitalization. They are still at the beginning of their capital market development, but this is precisely where the appeal lies.

Development and potential

In 2024, the index achieved a return of just under 10 % in USD. Individual companies such as Kaspi.kz, OMV Petrom and Vinhomes are already generating billions in profits and proving that frontier markets are no longer an exotic fringe phenomenon, but platforms for sustainable growth. For investors, this opens up opportunities for uncorrelated returns and the chance to enter future emerging markets at an early stage.

Sectors and regions

The strongest segments are Banks & Fintechs (Kaspi.kz, Attijariwafa, Banca Transilvania), Commodities & Energy (Kazatomprom, OMV Petrom), Real Estate (Vinhomes) and Industrials & Pharmaceuticals (Hoa Phat, KRKA). Vietnam, Kazakhstan, Romania and Morocco dominate regionally, while Africa offers diversification through broadly diversified indices.

The largest listed players

$KSPI (+2,15%) Kaspi.kz (Kazakhstan, Fintech & E-Commerce)

$SNP (-0,16%) OMV Petrom (Romania, energy)

$VHM Vinhomes (Vietnam, real estate)

$ATW Attijariwafa Bank (Morocco, banking)

$TLV (-1,24%) Banca Transilvania (Romania, Banking)

$KAP (+1,97%) Kazatomprom (Kazakhstan, uranium production)

$KRKG (+1,54%) KRKA (Slovenia, pharmaceuticals)

$HPG Hoa Phat Group (Vietnam, steel/industry)

$NLB (-0,69%) Nova Ljubljanska Banka - NLB (Slovenia, banking)

+ High-growth mid caps from Vietnam and Africa

Top 5 frontier ETFs

$XFVT (+1,2%) Xtrackers FTSE Vietnam Swap ETF (WKN: DBX1AG)

$DX2Z (+1,24%) Xtrackers S&P Select Frontier Swap ETF (WKN: DBX1A9)

$XMKA (-1,37%) MSCI EFM Africa Top 50 Capped Swap ETF (WKN: DBX0HX)

$FM iShares MSCI Frontier and Select EM ETF (Ticker: FM, US)

$EMFM Global X MSCI Next Emerging & Frontier ETF (Ticker: EMFM, US)

Takeaway

Frontier markets are volatile, but their combination of growth, diversification and high margins makes them a strategic building block for any forward-looking portfolio. However, many shares and ETFs are difficult to access in Germany. The key question: who will recognize the potential of these markets early enough and position themselves before they are discovered by the mainstream?

Source: MSCI Frontier Markets Index Factsheet, company reports, podcast All on equities (13.08.), image material: Bondguide.de