Daily Brief Financials: Sify Infinit Spaces Ltd, Shawbrook, Hana Financial, Global Indemnity Group LLC, American Tower, Umb Financial, B Lot Co Ltd, Elme Communities and more

• Sify Infinit Spaces Ltd (2026850D IN) is looking to raise about US$484m in its upcoming India IPO. The deal will be run by JM Fin, CLSA, JPM, Kotak and MS.
• SISL is a provider of data center colocation services in India. The firm had 14 colocation data center facilities across six cities in India, as of June 30, 2025. 
• According to the 1Lattice and C&W Report, it had a built IT power capacity of 188.04 megawatt (MW) across these facilities, as of June 30, 2025.

• Strong post-IPO performance: listed at £3.70/share, now £3.90, valuing Shawbrook near £2bn with forecast 2026 P/E of 7x and up to 93% implied upside.
• Robust fundamentals: 15% loan growth, 17% income growth, 36% cost-to-income ratio, and RoTE above 15%, supporting premium valuation versus UK peers.
• Strategic positioning: combines challenger bank scalability with specialist credit discipline, offering best-in-class efficiency and resilient asset quality.

• Hana Financial remains our buy pick among Korean banks; it is close to the top our scorecard, it remains attractively valued and its returns are improving
• Hana is trading at a large PBV discount to KB Financial; this currently stands at a 30%+ discount which is over one standard deviation from the historical PBV discount mean
• Furthermore, we see that this relatively dovish phase of monetary policy, Hana appears to have more limited downside risk than its peers in terms of further interest spread erosion

• Global Indemnity Group, LLC, provides specialty and niche insurance products nationwide.
• GBLI focuses on small market property and casualty business.
• The company has made a concerted effort to reduce its property exposure.

• American Tower Corporation’s recent financial performance displays a solid operational trajectory with balanced outcomes.
• During the third quarter of 2025, the company reported significant profitability and revenue growth, with noteworthy highlights across its core segments – tower leasing and data centers.
• The quarter showcased a robust 8% increase in total revenue, driven by consistent organic growth in the midsingle digits and a strong contribution from U.S. services and CoreSite, their data center segment.

• Diversified Business Model Mitigates Risk: UMB Financial’s operations across commercial banking, institutional banking, and wealth management provide multiple revenue streams, reducing reliance on any single segment and offering resilience in varied economic conditions.
• Strategic Acquisitions Driving Growth: The recent acquisition and successful integration of Heartland Financial has significantly expanded UMB’s footprint, assets, and customer base, positioning it for accelerated growth in new and existing markets.
• Consistent Shareholder Returns and Strong Capital Position: The company has a long history of dividend payments and recently increased its quarterly dividend. Strong capital ratios provide a solid foundation for future growth and shareholder distributions.

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• In FY12/24, the company reported revenue of JPY30.9bn (+31.6% YoY), operating profit of JPY6.3bn (+15.3% YoY), recurring profit of JPY5.8bn (+17.5% YoY), and net income attributable to owners of the parent of JPY3.9bn (+19.5% YoY).
• All three businesses posted higher revenue and profit YoY.
• In particular, higher-than-expected selling prices in the core Real Estate Investment and Development business lifted recurring profit to JPY5.8bn, 14.8% above the initial forecast of JPY5.1bn.

Key points (machine generated)

• Elme Communities is implementing a liquidation strategy with potential IRRs of 14% to 26%.
• The company has agreed to sell 19 properties to Cortland for $1.6 billion and plans to sell remaining assets.
• Investors can expect an initial special distribution of $14.50 to $14.82 per share and a quarterly dividend of $0.18.

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.