Research
Initiations, updates and flashes on covered companies. Each note is a PDF prepared by our analysts under MiFID II and other EU regulations.
Kcell
KCEL · TelecomKazakhstan Stock Exchange (KASE)Leading mobile telecommunications operator in Kazakhstan, serving approximately 8.67 million subscribers. It operates across two consumer brands: Kcell (premium) and activ (value/mass market), plus fixed wireless internet access under the Kcell Auleti brand and a growing fintech business, OGO Bank.
HOLD · TP ₸2,992
Initiation · 22 Sept 2026
26 pages · 45 min read
Virtualware
ALVIR · ES0105704003Industrial XR / VR SoftwareEuronext Growth ParisIndustrial extended reality (XR) and virtual reality (VR) software platform. Flagship product VIROO.
BUY · TP €8.00
Flash note · 30 Jul 2026
6 pages · 8 min read
