Daily Brief Financials: Nexus Select Trust, Ngern Tid Lor , Berkshire Hathaway Inc Cl A, Fairfax Financial Holdings Ltd, Moody’s Corp, Pakuwon Jati, Block , Coinbase Global , Intercontinental Exchange and more

• Nexus Select Trust (NST IN) raised around US$391m in its India IPO in May 2023.
• NST is a REIT with a portfolio of 17 Grade A urban consumption centers. Its portfolio covers retail malls, office assets, hospitality assets and a renewable power plant. 
• In this note, we talk about the upcoming lock-up expiry and possible deal dynamics.

• The SET50 index tracks the performance of the top 50 largest and most liquid names listed on the Stock Exchange of Thailand (SET).
• In this insight, we take a look at the potential ADDs/DELs for SET during the index rebal event in June 2024.
• Although 80% of the 3-month reference period is now complete, it is still possible for the rankings to change.

• Thousands of people from around the world gather in Omaha for Berkshire Hathaway shareholder meeting at Warren Buffet’s house.
• Questions arise about who will take over Berkshire Hathaway after Buffet’s reign and what will happen to the company.
• Berkshire Hathaway annual meeting features a variety of booths and shops representing the conglomerate’s diverse business holdings, attracting shareholders and fans alike.

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• Author disputes Muddy Waters’ claims and endorses purchasing Fairfax Financial shares
• Fairfax’s true book value is believed to be higher than its current trading price, making it a promising investment
• Fairfax is a property and casualty insurer with a strong underwriting history, adding to its appeal as an investment opportunity.

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.

• Moody’s Corporation (Moody’s) began 2024 on a strong note with a sizeable 21% revenue growth ensured by a robust issuance environment and sustained demand for risk assessment solutions.
• By taking advantage of investments made in analytical talent and technology, Moody’s leveraged robust issuance periods, resulting in a 35% year-over-year increase in revenue.
• Despite uncertainties surrounding the year ahead due to factors like upcoming U.S. elections, tense Middle East situations, and potential fluctuations in U.S. inflation and central bank rates, Moody’s remains optimistic about potential growth.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Indofood CBP Sukses
• Pakuwon Jati
• Rakuten

• Block Inc., previously known as Square, provided updates on its business performance for the first quarter of 2024 in a recent earnings conference call.
• The company reported an impressive gross profit of $2.09 billion, an increase of 22% compared with the same period last year.
• This was mainly due to robust growth in the company’s Square and Cash App businesses, and discipline in managing expenses.

• Coinbase Global Inc., under the leadership of Co-Founder and CEO Brian Armstrong, reported a strong first quarter for 2024 in the latest earnings call.
• Significant progress has been made on the 2024 priorities shared on a previous call, and these include revenue expansion through the improvement of core trading, growth in stablecoins, dominance in the derivatives space both domestically and internationally, and growth through key market investments.
• Coinbase has developed a low-cost Layer 2 solution named Base and is striving to drive regulatory clarity through court disputes, policy collaborations globally, and procrypto candidate support.

• Intercontinental Exchange (ICE) reported records in Q1 2024 with net revenue of $2.3 billion; a 5% increase compared to the prior year.
• There were also some highlights, such as $1.4 billion of record adjusted operating income representing an 8% year-over-year growth.
• ICE also saw record first quarter net revenues totaling a record $1.2 billion which is up 11% year-over-year.