Daily Brief Financials: Dai Ichi Life Insurance, Country Garden Services, Axactor ASA, FirstCash Holdings , NIFTY Index and more

• Dai Ichi Life Insurance (8750 JP) has seen rebounding net profit at a strong rate of growth for the past four quarters.
• ROE has moved from a dismal 3.4% to 11.8% from 2Q23 to 2Q24, where a single US bank impairment should now drop out of the numbers
• New business annual premiums are up from JPY97bn to JPY122bn from 2Q23 to 2Q24 with a high solvency ratio of 654%

• Chinese property developer Country Garden Holdings Co. Ltd. vowed to deliver more than 480,000 homes in 2024, a more modest target than 2023 after it failed to achieve its 700,000-unit goal last year.
• The focus of 2024 is still to “guarantee delivery, guarantee operation and guarantee credit,” of which delivery is the bottom line that Country Garden “must firmly hold,” Chairwoman Yang Huiyan said at the developer’s annual meeting Monday.
• Country Garden, once China’s No. 1 developer by sales, delivered more than 600,000 units last year, short of its goal set at the beginning of 2023, the developer said.

• Lucror Analytics’ ESG Scores are based on a 3-tiered scale and are adjusted for Controversies (if applicable).
• We assess Axactor’s ESG as “Adequate”, in line with its “Adequate” Social and Governance scores. The company has a “Weak” score for the Environmental pillar. Controversies are “Material” and Disclosure is “Weak”. 
• Axactor is a Norway-headquartered debt purchaser and servicer founded in 2015. Its core business is the purchase of non-performing debt in the Nordics, Spain, Germany and Italy.

Key points (machine generated)

• FCFS has a strong growth potential with an estimated 6% to 12% growth.
• The company has a well-diversified business model, with pawn shops in both the US and Mexico, indicating a strong cash flow generation.
• FCFS benefits from serving the underbanked population, providing a stable customer base and making it a solid investment option with a track record of outperformance and potential for future growth.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Last week at Close the NIFTY Index was OVERBOUGHT, this week it became quickly OVERSOLD, bouncing off from a price area near the Inner Fence support  levels for CC=-1.
• Another week down is possible but we see strong support in the 21250-20800 price area.
• Should that support area be reached, it would be a good opportunity to re-enter this index’s Bull market.