Daily Brief Financials: NTT DC REIT, Star Mica, Martin Currie Portfolio Invest, Metaplanet, Pacific Premier Bancorp, San In Godo Bank, Spectral AI, Triodos Bank, &Do Holdings, Yoma Strategic Holdings and more

• NTT DC REIT is a pure -play data center trust backed by a global sponsor and listed in Singapore.
• It holds six stabilized facilities across the U.S., Europe, and Asia with a total design IT load of about 90 MW and 94% occupancy.
• The portfolio comprises of six assets across key hubs with high occupancy and a diversified tenant base.

• Star Mica is a specialized real estate company in Japan with a unique business model focused on acquiring, renovating, and reselling used condominiums, a niche market with significant growth potential due to Japan’s maturing housing market.
• The company has demonstrated a solid track record of revenue growth and profitability, supported by a strong position in the pre-owned condominium market and a focus on value-added renovations.
• Future growth is expected to be driven by the increasing demand for affordable and renovated housing, favorable demographic shifts towards urban living, and the company’s strategic initiatives to expand its portfolio and enhance operational efficiency.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Following a thorough review, on 13 November 2025, the board of Franklin Global Trust (FRGT) announced that terms had been agreed for a combination with Invesco Global Equity Income Trust (IGET). This will be implemented via a scheme of arrangement, whereby FRGT’s shareholders will be entitled to receive new shares in IGET and/or cash. IGET will continue to be managed by Invesco Fund Managers. The combination follows FRGT’s recent performance and diminishing size as a result of ongoing share buybacks under the company’s zero discount policy. Over the last five years, FRGT’s market cap has declined from £300m to the current sub-£185m.

• In Q3 FY12/25, revenue reached JPY4.5bn, with Bitcoin-related business contributing JPY4.2bn and Hotel business JPY203mn.
• Operating profit was JPY2.7bn, driven by JPY3.3bn from Bitcoin-related business and JPY104mn from Hotel business.
• Recurring profit was JPY23.2bn, significantly improved from a JPY312mn loss in cumulative Q3 FY12/24.

• Pacific Premier Bancorp (PPBI) is a well-established regional bank with a strong focus on relationship-based commercial banking in the Western U.S., particularly Southern California. The bank has demonstrated robust capital ratios and excellent asset quality, with very low delinquency rates.
• The company’s financial performance has been impacted by net interest margin (NIM) compression, a common theme in the current interest rate environment. A significant net loss in Q4 2023 was due to a one-time balance sheet repositioning involving the sale of investment securities to improve future profitability.
• A transformative, all-stock merger with Columbia Banking System was announced in April 2025 and is expected to close in the second half of 2025. This merger will create a leading regional bank in the Western U.S. with approximately $70 billion in assets, significantly enhancing scale and market position.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

• Consolidated ordinary income rose 19.8% YoY to JPY76.1bn, achieving 47.5% of the full-year target.
• Non-consolidated ordinary profit increased 24.6% YoY to JPY15.0bn, with credit costs declining to JPY2.9bn.
• The bank revised its FY03/26 forecast, projecting consolidated ordinary profit of JPY29.8bn, maintaining a JPY56 dividend.

• Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound’s capacity to heal.
• The company is pursuing indications in burn and diabetic foot ulcers (DFUs) with the former receiving support from BARDA & other government agencies.
• Spectral is distinguished by its combination of MSI and AI to improve diagnoses.

• In this edition: • Philips | DRRT and Rubicon are the next ones to go to court • SBM Offshore | raises FY25 directional EBITDA guidance • PostNL | consortium of Business Post and Spotta has an appetite for the UPD • Triodos Bank | not liable towards DR holders represented by Stichting Triodos Tragedie • E-commerce & Logistics | EU plans to accelerate imposing levy on low-value parcels • Dutch politics | Hans Wijers and Sybrand Buma nominated to lead D66/CDA talks

• Revenue decreased to JPY11.9bn (-17.9% YoY), with operating profit at JPY207mn (-46.1% YoY) and net income JPY18mn (-87.4% YoY).
• Franchisee business saw 32 new contracts (+23.1% YoY) and 20 new store openings (+17.6% YoY), totaling 619.
• Finance business expanded reverse mortgage guarantees, with outstanding balance reaching JPY29.8bn, up from JPY28.2bn at end-FY06/25.

• Diversified Conglomerate with Deep Myanmar Focus: Yoma Strategic Holdings is a Singapore-listed conglomerate with a significant and long-standing presence in Myanmar. Its operations are diversified across five core sectors: Real Estate (Yoma Land), Food and Beverage (Yoma F&B), Automotive and Heavy Equipment (Yoma Motors), Mobile Financial Services (Wave Money), and Leasing. This diversification provides some resilience against sector-specific downturns, although the company’s fortunes are intrinsically linked to the challenging macro environment in Myanmar.
• Navigating a Difficult Operating Environment: The company is currently operating in an extremely challenging environment characterized by political instability, social unrest, high inflation, and currency volatility following the military coup in February 2021. These factors have led to a significant economic contraction, impacting consumer demand, disrupting supply chains, and creating a volatile and uncertain business landscape. The company’s financial performance has been affected, with recent results showing revenue declines in USD terms, primarily due to the depreciation of the Myanmar Kyat (MMK).
• Strategic Focus on Resilience and Long-Term Growth: Despite the headwinds, Yoma Strategic is focused on navigating the current challenges while positioning itself for long-term growth. The company has demonstrated resilience in its real estate segment, with continued sales of residential properties. Management is focused on deleveraging the balance sheet and generating cash flow. The long-term thesis rests on the eventual stabilization and recovery of the Myanmar economy, where Yoma’s established presence and diversified portfolio would be well-positioned to capitalize on the growth potential of a young and populous market.

This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.