In today’s briefing:
- Korea Local Banks: New Dividend Tax Effectively Locks in a De Facto Minimum Yield Play
- S&P/ASX 200 (AS51 Index) Ahead of 12 Aug RBA Decision: Markets Divided, but I Vote for a 35bps Cut
- Coinbase Global: Payments Innovation & Cross-Border Transactions to Provide a Stable Foundation for Future Growth!
- Intercontinental Exchange (ICE): Can They Revolutionize Mortgage Lending With AI-Powered Automation?
- S&P Global Inc.: Is The Growth in Private Credit Markets Here To Stay?
Korea Local Banks: New Dividend Tax Effectively Locks in a De Facto Minimum Yield Play
- We’ve got a locked-in floor on ’26 DPS and clear upside, providing a solid dividend yield baseline—ideal for leaning into aggressive trade setups.
- We can lean into spot longs with covered calls, but yields (especially KB, Shinhan) aren’t yet compelling. A pullback before the ’26 dividend run is a prime entry window.
- Plus, a bank long-short: long KB/Shinhan, short Hana/Woori. KB and Shinhan face payout increases, with ’26 guidance in 4Q25 earnings as the catalyst.
S&P/ASX 200 (AS51 Index) Ahead of 12 Aug RBA Decision: Markets Divided, but I Vote for a 35bps Cut
- The Reserve Bank of Australia (RBA) meets on Tuesday, 12 August 2025, with a rate decision due at 14:30h AEST.
- Highlight: Markets are divided between a 0.25% and 0.50% rate cut. Discover my unique take, which differs from both expectations, and the reasoning behind it.
- Why Read: Fixed income and equity derivatives markets are sending conflicting signals. Dive into the historical market impact of each possible scenario to better navigate the uncertainty.
Coinbase Global: Payments Innovation & Cross-Border Transactions to Provide a Stable Foundation for Future Growth!
- Coinbase’s second quarter 2025 performance indicates a mixed bag of financial and strategic outcomes.
- The company reported a total revenue of $1.5 billion and an adjusted EBITDA of $512 million, showing robust financial health.
- This result underscores the company’s effective management of its core businesses, despite a 40% decline in total trading volume influenced by macroeconomic conditions, lower volatility, and a strategic emphasis on revenue over trading volume for stablepairs.
Intercontinental Exchange (ICE): Can They Revolutionize Mortgage Lending With AI-Powered Automation?
- Intercontinental Exchange (ICE), a global data and technology company, reported another record quarter with robust growth across its primary business segments.
- The second-quarter adjusted earnings per share reached a historical high of $1.81, a 19% increase year-over-year, while net revenue climbed 9% to $2.5 billion.
- This performance was underpinned by contributions from all three major business areas: Exchange, Fixed Income and Data Services, and Mortgage Technology.Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
S&P Global Inc.: Is The Growth in Private Credit Markets Here To Stay?
- S&P Global, a prominent player in financial information and analytics, reported solid results for the second quarter of 2025.
- The company’s revenue grew by 6% year-over-year, driven by a 7% increase in subscription revenue.
- Notably, operational efficiency resulted in a 150 basis point expansion in the trailing 12-month margin.
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