MICC presents its equity research on QPay Mongolia and Innovation Investment JSC (MSE:QPAY), recommending a BUY with a target price of MNT 287.18 —an upside potential of 35.29% from the closing price of MNT 212.27 per share as of 13 March 2025.

The full research paper is available on Capital IQ, a platform offered by the research division of S&P Global Ratings. For more information, contact us at brokerage@micc.mn or (+976) 7011-2023.