Veon Ltd (VEON-Q)

Our PAST TOP PICK with VEON has achieved its objective at $38.  To remain disciplined, we recommend covering half the position at this time and trailing up the stock from $27.50 to $33.00.  

We again reiterate VEON, the digital provider for over 160 million European customers in six countries, including key infrastructure in Ukraine.   Cash reserves continue to grow, while the shares trade at 7x earnings 2.5x book and support a ROE of 36%.  We recommend trailing up the stop (from $25.00) to $27.50, looking to achieve $38.00 - upside potential of 20%.  Yield 0% 

We reiterate VEON as a TOP PICK.  The company provides mobile and internet service to 160 million European customers, including providing important infrastructure in Ukraine.  We like that cash reserves are growing, while debt is aggressively retired.  It trades at 2.2x book, 7x earnings, and supports a 36% ROE.  We continue to recommend a stop at $25, looking to achieve $38 -- upside potential of 31%.  Yield 0%

Our PAST TOP PICK with VEON is progressing well.  To remain disciplined, we recommend trailing up the stop (from $22) to $25 at this time.

We reiterate VEON, the largest foreign investor in the Ukraine in 2023, as a TOP PICK.  The company has committed $1 billion to rebuild the countries digital infrastructure over the next five years.  It trades at 6x earnings and under 2x book value.  Cash reserves are growing, while debt is retired.  We recommend trailing up the stop (from $20) to $22, looking to achieve $38 -- upside potential of 45%.  Yield 0%

This Amsterdam based provider of digital services has over 150 mobile subscribers operating in six countries -- including keeping Ukraine connected despite cyberattacks. It repaid in full its revolving credit facility, while still growing cash reserves.  It trades at 6x earnings, under 2x book and supports a 40% ROE.  We recommend setting a stop-loss at $20, looking to achieve $38 -- upside potential over 45%.  Yield 0%