VEON Ltd. (VEON), a global digital operator with a presence in six high-growth markets, is poised to be one of the best multibagger stocks to buy right now. The company's strategic focus on digital innovation and emerging markets, coupled with its strong financial performance and competitive advantages, makes it an attractive investment opportunity. Here's why:

1. Emerging Markets Presence: VEON operates in high-growth markets such as Pakistan, Ukraine, Kazakhstan, Uzbekistan, Bangladesh, and others, which have growing economies, populations, and disposable incomes. These markets offer significant growth potential for telecommunication services, driving demand for VEON's offerings. In 2023, VEON's operating companies expanded 4G coverage and increased the share of 4G customers in their user base to 60% (Source: VEON's 2023 Integrated Annual Report).
2. Digital Innovation: VEON's focus on digital innovation enables it to offer a wide range of digital services, such as digital financial services, digital entertainment, healthcare, and education. These services cater to the evolving needs of customers in emerging markets. For example, VEON's JazzCash in Pakistan offers mobile financial services, including bill payments, money transfers, and mobile wallet services, which have gained significant traction among customers (Source: GlobeNewswire, "VEON's JazzCash Partners with Dgpays to Enhance e-Commerce in Pakistan").
3. Investment in AI and AI-based Solutions: VEON is deploying AI-based solutions to augment human capabilities and bridge the AI gap. This strategic focus on AI can lead to operational efficiencies, improved customer experiences, and the development of new revenue streams. For instance, VEON launched AI-powered super app Hambi in Uzbekistan, offering a range of digital services (Source: GlobeNewswire, "VEON Launches AI-Powered Super App Hambi in Uzbekistan").
4. Strong Financial Performance: VEON's strategic focus on digital innovation and emerging markets has translated into strong financial performance. In 2023, VEON reported a net income of $621 million, a significant improvement from the previous year (Source: VEON's 2023 Integrated Annual Report). This strong financial performance, coupled with the company's growth prospects in emerging markets, contributes to its multibagger potential.
5. Competitive Advantages: VEON's competitive advantages, such as its strong presence in high-growth markets and focus on digital innovation, play a significant role in its multibagger prospects. The company's ability to tap into a large and expanding customer base, benefit from increasing demand for telecommunication services, and stay ahead of the competition through digital services and AI-based solutions enhances its competitive position.



In conclusion, VEON Ltd. (VEON) is among the best multibagger stocks to buy right now due to its strategic focus on digital innovation and emerging markets, strong financial performance, and competitive advantages. The company's presence in high-growth markets, focus on digital services, and investment in AI-based solutions position it well for significant growth and multibagger potential. Investors seeking exposure to the growing telecommunication and digital services sectors should consider adding VEON to their portfolios.