Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

<ul>
<li>VEON’s Pakistan Fintech Business could be worth US$825m on a standalone basis.</li>
<li>VEON’s stake in Kyivstar is worth 30% of VEON EV.</li>
<li>Increasing target price to US$78, reiterate Structural Long rating for VEON.</li>
</ul>


VEON’s Pakistan Fintech Business could be worth US$825m on a standalone basis.
VEON’s stake in Kyivstar is worth 30% of VEON EV.
Increasing target price to US$78, reiterate Structural Long rating for VEON.


VEON (VEON US): Emerging Pakistan Digital Bank & Kyivstar Make VEON Undervalued

United States

Kyivstar Group Ltd. operates as a holding company. The Company, through its subsidiaries, provides services across a wide range of mobile and fixed line technologies, including 4G, big data, cloud solutions, cybersecurity, and digital TV. Kyivstar Group serves customers in Ukraine and the United Arab Emirates.

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Kyivstar Group (KYIV US)

VEON (VEON US): Emerging Pakistan Digital Bank & Kyivstar Make VEON Undervalued

VEON's Pakistan Fintech Business and stake in Kyivstar contribute to substantial shareholder value, prompting a target price increase to US$78.

Vincent Fernando, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

VEON (VEON US): Emerging Pakistan Digital Bank & Kyivstar Make VEON Undervalued

​VEON's Pakistan Fintech Business and stake in Kyivstar contribute to substantial shareholder value, prompting a target price increase to US$78.

Vincent Fernando, CFA

VEON's Pakistan Fintech Business and stake in Kyivstar contribute to substantial shareholder value, prompting a target price increase to US$78.