Daily Brief Financials: Hua Nan Financial Holdings Co Ltd., Korea Stock Exchange KOSPI 200, Klarna Group, FT Intermediate, Assura PLC, Banco Continental, Bendigo And Adelaide Bank, iShares Silver Trust, NB Bancorp , Nisshin Fudosan and more

• The index changes for the T50/100 index family and the TDIV index were confirmed after market close on Friday 5th September 2025.
• There will be two ADD/DEL for T50, five separate ADDs/DELs for T100, and no changes for TDIV.
• All of these are exactly in line with our final expectations.

• Deputy PM Koo guided the threshold decision by month-end, likely before Chuseok; historically, Seoul drops major policy prints on Thu/Fri, pointing to 25–26 as the high-prob window.
• Local intel points to ₩5bn; strong public pushback makes it politically locked. Traders are positioning ahead of the 25–26 window, balancing index longs with hedges.
• FSS break-up creates regulatory uncertainty, pressuring banks and brokers. Traders appear to be pairing index longs with financials shorts, riding policy momentum while hedging sector risk.

• Commerce network Klarna Group will offer 34.3 million shares at $35-$37 and to debut on Wednesday (9/10).
• The direct comp, Affirm, posted a strong quarter but some of Klarna’s metrics are on par or potentially stronger than its competitor. 
• The valuation, both relative to peers and compared with prior “bloated” rounds, looks far more reasonable this time.

• FT Intermediate (FIGR US) is offering 26.3 million shares at $18-$20 and will debut on Thursday, September 11th.
• A key driver is Figure Connect, its blockchain-based marketplace launched in mid-2024, which has already transacted $1.3 billion in HELOC volume with 27 marketplace participants onboarded.
• The company can significantly reduce middle men and has been gaining market share but still have just a small piece of this large pie.

• The deal has moved into its closing stretch, with process milestones largely secured. From here, this feels more like a basis clean-up than a binary event, with execution discipline paramount.
• Value now leans on PHP shares rather than regulatory drama. Hedging the stock leg frames the opportunity; avoiding complexity and timing slippage likely matters more than squeezing every basis point.
• Squeeze-Out is advancing; settlement expected in October as delisting completes. I recommend treating CMA headlines as background noise and keeping sizing disciplined.

Key points (machine generated)

• Paraguay’s economy is growing rapidly with a GDP of $43 billion and stable geopolitics.
• The country has low taxes, minimal debt, and strong fiscal management, leading to a strong currency and a recent credit rating upgrade to investment grade.
• Banco Continental is the leading bank in Paraguay, with a market cap of $700 million, attractive share pricing, and expected earnings growth of 15%.

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.

• Context: The Bendigo And Adelaide Bank (BEN AU) vs. NAB (NAB AU) price-ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.
• Highlights: Going long Bendigo And Adelaide Bank (BEN AU) and short National Australia Bank (NAB AU) targets a 5% return.
• Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.

Key points (machine generated)

• The author predicts a significant breakout for silver due to a 50-year cup and handle formation.
• Gold has been favored by central banks, especially in Asia, while silver has faced challenges from rising real interest rates.
• Silver’s growth potential is emphasized, with $2 trillion in above-ground silver compared to gold’s $22 trillion valuation.

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.

Key points (machine generated)

• NB Bancorp (NBBK) is acquiring Provident Bancorp, enhancing its pro forma valuation.
• Post-merger, NBBK trades at 77% of tangible book value, with projected EPS for 2026 nearing $2 due to cost savings.
• NBBK has repurchased 5% of its shares at $19.07 and plans another 5% buyback despite a current share price of $15.98.

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.

Key points (machine generated)

• The author identifies Nisshin Group as a promising undervalued Japanese investment in the real estate sector.
• Nisshin operates in Tokyo, focusing on residential condominiums and rental properties, with a solid business model and consistent profitability.
• Despite stagnant stock performance over two decades, Nisshin has shown modest growth and improving margins, supported by a committed management team.

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.