Daily Brief Financials: Shin Kong Financial Holding, PCB Bancorp and more

• Once shareholders of Shin Kong Financial Holding (2888 TT) and Taishin Financial Holding (2887 TT) agreed to the merger two months ago, that meant an FSC submission would come shortly.
• It came on 3rd December. Normally it takes two months, but can be extended. It appears the TFTC submission (which is considered wholly separately) was made as early as September.
• This should get approved within the timeframe or not long afterwards. There is one known “document” missing from the application as of submission, but it shouldn’t be a problem.

• PCB Bank serves the Korean American community with a diverse loan portfolio including commercial real estate, business loans, and residential mortgages
• Currently experiencing lower returns due to low net interest margin and increased expenses
• High insider ownership, healthy dividends, and discounted stock price indicate potential undervaluation with a 27% upside, but key risk is deterioration of loan portfolio leading to credit losses

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.