The highly anticipated LEGO Fortnite Odyssey x Ninjago collaboration is now confirmed, marking one of the biggest crossover updates in Fortnite Chapter 7 Season 1. After weeks of speculation, Epic Games officially announced the arrival of the…
Nikhil Rathi, chief executive of the Financial Conduct Authority, made a pilgrimage on Friday from its glass and steel HQ in east London to the Pioneers Museum in Rochdale – the spiritual home of the co-operative movement.
His unlikely day trip aimed to highlight the City watchdog’s role in opening the way to a doubling of the size of the mutuals sector – a Labour manifesto pledge.
Among these customer- or worker-owned organisations, including huge companies such as John Lewis and Nationwide building society, are the 350 credit unions.
These are locally based lenders whose interest rates are capped by law and whose clients tend to include the low-income consumers left behind by major banks. Holding assets of £4.9bn between them, the UK’s credit unions serve about 2 million members. Their US counterparts have more than 143 million.
The FCA’s new report, which Rathi was in Rochdale to launch, included a series of recommendations aimed at encouraging credit unions to expand, and to offer more services.
The Treasury has already promised to review the “common bond” – the legal promise that governs each credit union, for example specifying the area it serves – to allow these to adapt more easily to changing circumstances. Ministers have also set aside £30m to fund modernisation – updating credit unions’ IT systems, for example.
Yet campaigners for fairer lending fret that cash-strapped customers will continue to be left at the mercy of loan sharks unless mainstream banks are forced to do more.
The need is certainly there. Visiting an employability project on a housing estate in Stockton this week, it was depressing to hear about residents resorting to loan sharks, often unaware of the cheaper and less unpleasant alternative of a local credit union.
That chimed with evidence from a recent roundtable discussion organised in Glasgow by campaign group the Finance Innovation Lab, where low-income borrowers recounted their experiences to local MPs.
“When there’s an unexpected cost like that you just need to get it sorted, but you’re left with no good options,” one woman said, citing a broken bed as an example of the kind of expense that can drive consumers into paying extortionate interest rates to unscrupulous lenders.
Recent research by Fair4All Finance, the government-backed not-for-profit that promotes financial inclusion, found that 1.9 million adults in Britain had turned to unlicensed money lenders or loan sharks in the past year.
Dr Paul A Jones of Liverpool John Moores University is an expert on the credit union movement. He is optimistic about its future, and argues that some of the impetus for growth must come from within the sector itself.
“We need more credit unions of a significant size. We need more credit unions to get in the fast lane,” he says. “If you don’t want to, and you want to carry on in your village hall with 1,000 members, no problem, but that’s not where growth is going to come from.”
He welcomes some of the changes promised by the government – but warns that the constraint on many credit unions is lack of capital. “External investment is going to be important,” he says.
That’s where the Finance Innovation Lab and a coalition of other charities and lenders argue that legislation is needed, to force the powerful high street banks to play their part.
The government published its financial inclusion strategy last month, aimed at easing the struggle of consumers to secure affordable banking, insurance and other crucial services. But it included no specific targets, and made few firm demands of the finance sector.
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There was backing for a “small sum lending pilot”, led by Fair4All Finance, “to help expand access to affordable credit in England”. But the scale of the pilot was not specified – and it was unclear how it would differ from existing mutual lenders that already make small loans.
Campaigners including the actor Michael Sheen, who made a TV documentary on the exorbitant cost of debt for low-paid consumers in his home town of Port Talbot, argue for the much more muscular approach of a “Fair Banking Act”.
This would be a new law, modelled on the US Community Reinvestment Act, which has been in force for almost 50 years. Under the US version, banks are ranked by regulators according to how well their services reach underserved communities – and obliged to publish strategies to show how they will improve.
In many cases this then involves working with credit unions, or community development financial institutions (CDFIs) – another form of non-profit lender – hugely expanding the amount of capital these institutions have available to back new lending.
The coalition promoting the idea, which includes the Finance Innovation Lab alongside a string of mutual lenders and other campaign groups, argues that if such an act were implemented in the UK, it could lead to lending by credit unions and CDFIs to jump from £250m today to up to £3bn a year.
The proposal is backed among others by the Co-operative party, whose members include 41 Labour MPs, including the Treasury minister James Murray and the Treasury select committee chair, Meg Hillier.
It is a stretch to imagine the government slapping a Fair Banking Act on an industry that Rachel Reeves has called the “crown jewel in our economy”, but with the sector’s power should come responsibility.
The banks escaped the windfall tax that many on the left had hoped to see in the budget, and which the Institute for Public Policy Research (IPPR) argued could raise £8bn a year. It does not seem too much to ask that, in return, they put a fraction of that sum behind supporting the local, mutual lenders that help to keep the loan sharks at bay.
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KLCC Property Holdings Berhad’s latest narrative update keeps the fair value estimate steady at about RM 8.95 per stapled security, even as analysts dial back long term revenue growth expectations and nudge up the discount rate. This combination points to a stock where resilient core assets and cash flows help offset higher perceived risk and softer growth assumptions. Read on to see how investors can monitor these evolving assumptions and stay ahead of future shifts in the story.
Stay updated as the Fair Value for KLCC Property Holdings Berhad shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on KLCC Property Holdings Berhad.
🐂 Bullish Takeaways
The recent cluster of KinderCare Learning price target cuts to $6 by Barclays, BMO Capital and Goldman Sachs, alongside their Equal Weight, Outperform and Neutral stances, illustrates how analysts can still acknowledge operational execution and cost discipline even as they temper long term growth assumptions. This pattern mirrors how KLCC Property Holdings Berhad’s resilient cash flows can justify a steady fair value despite more conservative forecasts.
BMO Capital’s positive tone on KinderCare’s Q3 adjusted EBITDA beat, driven by lighter SG&A, underscores how the Street tends to reward visible cost control and margin stewardship. This is a useful guide for KLCC investors tracking management’s ability to protect earnings quality and support the RM 8.95 valuation anchor.
🐻 Bearish Takeaways
Goldman Sachs’ move on KinderCare from Buy to Neutral, with a sharp target cut from $20 to $6, shows how quickly sentiment can pivot when structural growth concerns emerge. This is a reminder that KLCC’s own fair value could come under pressure if slower demand or asset specific risks begin to challenge the current growth and discount rate assumptions.
Across Barclays, BMO Capital and Goldman Sachs, the common thread of lower targets highlights a cautious bias around decelerating growth and softening occupancy. This reinforces the need for KLCC holders to watch for similar early warning signs in leasing trends, rental reversions and portfolio occupancy that could signal downside risk to today’s valuation.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
KLSE:KLCC Community Fair Values as at Dec 2025
Declared a third interim dividend of 2.11 sen per ordinary share for the financial year ending 31 December 2025, with payment scheduled for 30 December 2025 to stapled securities holders on record as of 4 December 2025, reinforcing the group’s income distribution track record.
Announced the appointment of Encik Ahmad Hakimi bin Muhammad Radzi as Chief Financial Officer effective 1 November 2025, succeeding Encik Rohizal bin Kadir under a group talent mobility initiative, signaling a planned and orderly transition in financial leadership.
Recorded impairment charges for the third quarter ended 30 September 2025, including a write off of property, plant and equipment amounting to RM 39,000, highlighting ongoing portfolio housekeeping but with a relatively limited impact on the overall balance sheet.
Fair Value: Unchanged at approximately RM 8.95 per stapled security, indicating no revision to the central valuation outcome despite assumption tweaks.
Discount Rate: Increased slightly from about 8.56% to 8.59%, reflecting a modestly higher required return and marginally higher perceived risk.
Revenue Growth: Reduced slightly from around 3.24% to 3.03% per annum in the long term, indicating a more conservative expected revenue trajectory.
Net Profit Margin: Lowered marginally from roughly 45.75% to 45.66%, signaling only a minor adjustment to profitability expectations.
Future P/E: Increased slightly from about 23.90x to 24.08x, indicating a modestly higher valuation multiple applied to forward earnings under the updated assumptions.
Narratives turn raw numbers into a clear story you can act on. They connect a company’s business outlook to forecasts for revenue, earnings and margins, then tie that to an estimated fair value. On Simply Wall St’s Community page, millions of investors use Narratives as an easy, dynamic tool that updates when news or earnings hit, helping them decide whether to buy or sell by comparing Fair Value with the current share price.
Head over to the Simply Wall St Community and follow the Narrative on KLCC Property Holdings Berhad to stay on top of the story at this link, including:
How higher Sukuk funded debt and Suria KLCC financing could squeeze future net margins and earnings.
Why the group’s occupancy strength, retail resilience and hotel recovery still support steady dividends.
What needs to happen on revenue growth, profit margins and a future P/E of 23.3x for today’s valuation to hold.
Curious how numbers become stories that shape markets? Explore Community Narratives
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include KLCC.klse.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Kenya’s Joyciline Jepkosgei set a world lead of 2:14:00 to move to fourth on the world all-time list at the Valencia Marathon Trinidad Alfonso – a World Athletics Elite Platinum Label event – on Sunday (7).
Kenya’s Joyciline Jepkosgei set a world lead of 2:14:00 to move to fourth on the world all-time list at the Valencia Marathon Trinidad Alfonso – a World Athletics Elite Platinum Label event – on Sunday (7).
Bank Negara Indonesia (Persero) has seen its fair value estimate trimmed only marginally from Rp5,031.85 to Rp4,996.85, even as analyst sentiment has become more constructive on the back of planned liquidity support measures. The slight uptick in projected revenue growth to 20.14% and a nearly unchanged discount rate of 14.19% underscore how the narrative is shifting more on risk reward perception than on fundamentals. Read on to see how these subtle recalibrations can reshape expectations and how you can stay on top of future narrative shifts as they unfold.
Stay updated as the Fair Value for Bank Negara Indonesia (Persero) shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Bank Negara Indonesia (Persero).
🐂 Bullish Takeaways
Goldman Sachs upgraded Bank Negara Indonesia (Persero) to Buy from Neutral, signaling a more constructive view on the bank’s risk reward profile.
The firm set a price target of Rp5,180, implying modest upside from the latest fair value estimate and reflecting confidence that the bank can translate improved liquidity into sustainable growth.
Goldman Sachs argues the bank is well positioned to benefit from the government’s planned liquidity injection into deposits, which should support system wide funding stability and ease balance sheet pressures.
🐻 Bearish Takeaways
Even with the upgrade, the price target suggests only incremental upside, indicating that some of the benefit from liquidity support may already be reflected in Bank Negara Indonesia (Persero)’s valuation and limiting near term rerating potential.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!
IDX:BBNI Community Fair Values as at Dec 2025
PT Bank Negara Indonesia (Persero) Tbk has scheduled a Special or Extraordinary Shareholders Meeting for December 15, 2025, in Jakarta and electronically via the PT Kustodian Sentral Efek Indonesia platform, highlighting potential changes in corporate governance or capital structure.
The upcoming meeting is expected to focus investor attention on possible capital raising, dividend policy adjustments, or board level changes, factors that could influence the bank’s medium term strategy and risk profile.
Market participants are closely watching the agenda details and regulatory filings around the meeting, as any decisions on capital buffers or funding mix could affect the bank’s cost of capital and its ability to support loan growth.
The fair value estimate has edged down slightly from Rp 5,031.85 to Rp 4,996.85, reflecting marginally softer assumptions in the updated model.
The discount rate has decreased very slightly from 14.20% to 14.19%, indicating a nearly unchanged risk assessment for Bank Negara Indonesia (Persero).
Revenue growth has risen modestly from 20.08% to 20.14%, suggesting a slightly more optimistic outlook for top line expansion.
The net profit margin has eased marginally from 31.64% to 31.54%, pointing to a small anticipated compression in profitability.
The future P/E has declined slightly from 10.18x to 10.12x, implying a marginally lower valuation multiple applied to forward earnings.
Narratives are simple, story driven investment theses that connect the dots between what a company is doing, what its future revenue, earnings, and margins might look like, and what a reasonable fair value could be. On Simply Wall St’s Community page, millions of investors use Narratives as an accessible way to link a company’s story to a financial forecast, compare fair value to the current price to decide when to buy or sell, and see those views update dynamically as new news or earnings arrive.
Read the full Narrative for Bank Negara Indonesia (Persero) to see the thinking behind its latest fair value and price target here: BBNI Narrative on Simply Wall St.
Understand how digital adoption, SME expansion, and ESG lending could drive deposit growth, lower funding costs, and support structurally higher earnings.
See the detailed earnings and valuation pathway that underpins the analysts’ consensus price target versus today’s share price and implied future P/E.
Track the key risks, from margin pressure and rising OpEx to asset quality and regulatory dependence, and how they might change the risk reward balance.
Curious how numbers become stories that shape markets? Explore Community Narratives
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BBNI.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
