Daily Brief Financials: Bank Rakyat Indonesia, Kolte Patil Developers, White Mountains Insurance, Nikkei 225 and more

• Bank Rakyat Indonesia (BBRI IJ) have seen a significant correction on the back of concerns over credit quality, as provisions increased in 1Q2024, the bank addressed its problem micro-loans
• The bank is addressing these loans with some further provisions likely over the coming quarter but special mention loans should plateau in July signifying a turn. 
• Bank Rakyat Indonesia will slow micro-lending and grow corporate loans this year to address the cost of credit. Profits will likely be flat and dividend payout up. Valuations are attractive.

• Kolte Patil reported a muted Q4FY24 with sales value flattish at INR 743cr vs INR 746cr QoQ. However, overall FY24 ended strong with sales value growing at 25%+ YoY.
• New project acquisition ended FY24 at INR 6000cr+, which was below the guidance of INR 8000cr. However, Kolte Patil remains upbeat and has guided to do INR 8000cr in FY25.
• Even with lower than expected project acquisitions, Kolte Patil is well positioned with INR 25000cr worth of projects portfolio. It has guided for 25% CAGR in sales value through FY25-27.

• White Mountains Insurance Group, LTD was founded by Byrne in Bermuda
• The company has shown consistent growth in book value and stock price, with an average annual return of around 10% since 2001
• WTM operates as a smaller version of Berkshire Hathaway, with a market cap of $4.55 billion and a focus on prudent acquisitions and management

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• The Nikkei 225 Index rallied last week, and closed the week up.
• Although slightly overbought, our models are not pointing to a SHORT opportunity here.
• If the index pulls back this coming week, it may be a good idea to BUY, in order to take advantage of a possible reprise of the rally.