Daily Brief Financials: ESR Group , Brightcom Group, KakaoBank and more

In today’s briefing:

(Mostly) Asia-Pac M&A: ESR Group, I’Rom Group, S Line, Huafa Property Services, Kansai Super Market
Indian Forensic Playbook: Guidelines to Identify and Avoid Storified Stocks
EM Digital Banks – We Turn Positive on KakaoBank and Inter, Cautious on Nubank and Neutral on PAN

(Mostly) Asia-Pac M&A: ESR Group, I’Rom Group, S Line, Huafa Property Services, Kansai Super Market

Tally 51 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
Three new deals was discussed on Smartkarma this week: Malaysia Airports (MAHB MK), I’Rom Group (2372 JP) and S Line (9078 JP). ESR Group (1821 HK) also in the crosshairs.
Key updates took place on: Huafa Property Services Group (982 HK), Kansai Super Market (9919 JP) , Great Eastern Holdings (GE SP) and L’Occitane (973 HK).

Indian SMEs are new hot investment avenues selling stories to investors which might end to a case of pump and dump.
SEBI in last few months have identified such cases in SMEs and microcaps.
We delved into key guidelines on Indian Forensics to Identify and Avoid Storified Stocks

We turn positive on KakaoBank, for its increasingly secure competitive positioning in Korea, its attractive digital efficiency ratio, its low customer acquisition cost and for its high activity rate
We switch our buy rating from PAN to Inter as the latter has improved operationally, it is sound on capital and attractive on valuations
Nubank is executing well, but we remain cautious on Nubank shares as we continue to see potential capital constraints as a key risk, along with its stretched valuations

💡 Before it’s here, it’s on Smartkarma

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