Daily Brief Financials: Insignia Financial, Schloss Bangalore Ltd, Bank Of America, Pacific Current, China Vanke , Indosat Tbk PT and more

• After CC Capital waded in on the 6th January with a A$4.30/share NBIO for wealth manager Insignia Financial (IFL AU), trumping Bain’s A$4.00/share proposal, Bain subsequently matched CC Capital’s terms.  
• CC Capital has now lifted is indicative Offer to A$4.60/share, a ~50% premium to undisturbed. Time for IFL to engage. And for Tanarra to be supportive. 
• And Bain? I expect them to match CC Capital’s terms, again; if not a small premium. 

• Schloss Bangalore Ltd (SCHBL IN) is looking to raise about US$600m in its upcoming India IPO.
• It is a luxury hospitality company which owns, operates, manages and develops luxury hotels and resorts under ‘The Leela’ brand, through direct ownership and hotel management agreements with third-party owners.
• In this note, we talk about the company’s historical performance.

• BAC shows strong growth of its core income in the period YoY, almost accounting for 100% of its full net profit delta YoY
• The bank is showing greater strength in corporate lending YoY and QoQ, and this can be more powerful of a statement for economic health
• NCO figures are coming down in corporate lending, while residential mortgages is seeing strong new originations – both are a good view on US economy

• Pacific Current Group expected to receive a large tender offer at a premium of 20%+ in the next 2-4 months
• Trading at a 20% discount to estimated fair value NAV of A$13.47 per share with minimal NAV volatility risk
• Successful monetization of ownership stakes in boutique asset managers improving financial profile, poised for growth and value creation

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.

• In the US, December advance retail sales eased to 0.4% m-o-m (0.6% e / 0.8% revised p), while the November figure was revised upwards to 0.8% (from 0.7%).
• Growth in auto sales slowed to 0.7% (after accelerating 3.1% in November), albeit receipts at miscellaneous store retailers soared 4.3%.
• The retail sales control group (which feeds into the government’s calculation of goods spending for GDP, and excludes food services, auto dealers, gas stations and building materials stores) accelerated 0.7% m-o-m (0.4% e / 0.4% p). 

• ESR partners with CloudHQ for $2B Osaka data centre, aiming to enhance digital infrastructure in the region.
• Macquarie Asset Management plans to invest $5B in a crypto firm turned data centre startup, highlighting growing interest in the industry.
• US hyperscaler enters Malaysian market, establishing a 220MW campus in Johor to meet increasing demand for data services in the region.