Daily Brief Financials: Bright Smart Securities And, Marsh & Mclennan, Moody's Corp and more

In today’s briefing:

Bright Smart Securities (1428 HK): Ant’s Possible Unconditional MGO at HK$3.28
Marsh & McLennan: Why Oliver Wyman Holds The Key To Its Future Growth!
Moody’s Corporation: How Is The Management Capitalizing On Private Credit Market Demand To Up Their Game!

Bright Smart Securities (1428 HK): Ant’s Possible Unconditional MGO at HK$3.28

Bright Smart Securities And (1428 HK)‘s Chairman entered a SPA with Ant Holdco to sell his 50.55% stake at HK$3.28, a 7.5% premium to the last close.
The SPA completion requires approval from both the NDRC and SFC. Unusually, Ant has the option of extending the long-stop date, reflecting a possibility of extra scrutiny by the regulators.
Under Rule 26.1 of the Code, upon completion, Ant will be required to make an unconditional mandatory cash offer at HK$3.28. The MGO price is final and a knockout offer.

Marsh McLennan had a solid start to 2025, reporting a 9% increase in revenue for the first quarter, driven by a 4% growth in underlying revenue and contributions from acquisitions made in 2024.
The company saw growth across all four of its businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Adjusted operating income rose by 8%, although the adjusted operating margin slightly declined by 20 basis points, reflecting some seasonality at McGriff.

Moody’s Corporation (Moody’s) reported strong financial performance in the first quarter of 2025, reflecting the resilience of its business model amidst market volatility and economic uncertainties.
The company achieved a record revenue of $1.9 billion, which represents an 8% year-over-year increase.
Both its Moody’s Investors Service (MIS) and Moody’s Analytics (MA) segments experienced 8% revenue growth.

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