Emerging Market Links + The Week Ahead (May 25, 2025)

NOTE: This lengthy post gets caught up on numerous stock pieces/earnings presentations appearing on a few sites and a chunk of what’s left in my inbox; but it appears I have hit the Substack character wall and can’t add any more too it…

$ = behind a paywall

$ = Behind a paywall / 🗃️ = Link to an archived article (Note: Seeking Alpha earnings/conference etc. presentations are typically not paywalled) / ⛔ = Article archiving may not be working properly

🇨🇳 China Moves To Shut Down Offshore Stock-Trading Channels Used By Mainland Investors (Zero Hedge)

• China’s securities regulator has opened enforcement actions against Futu, Tiger Brokers, and Longbridge Securities, accusing the offshore online brokerages of illegally serving mainland investors who used the platforms to trade U.S. and Hong Kong stocks.

🇨🇳 CSI 300 May 2026 Index Review Forecast (Smartkarma) $

• We screened the CSI 300 eligible universe ahead of the Jun 2026 semi-annual rebalance.

• ADDs: we expect 4 High Conviction ADDs, 6 Mid Conviction ADDs, and 3 Low Conviction ADDs.

• We also flag 2 Skip ADDs due to CG/CSRC issues. DELETEs: we expect 8 Likely DELETEs, 3 Borderline DELETEs, 4 Rank-Driven DELETEs, and 1 Potential Retain.

🇨🇳 Baidu: Hidden AI Inflection (Seeking Alpha) $ 🗃️

🇨🇳 Baidu: A Q1 Earnings Beat, New Dividend, But Shares Fully Valued (Downgrade) (Seeking Alpha) $ 🗃️

🇨🇳 Baidu Q1 Earnings Preview: Kunlunxin IPO Makes BIDU’s Valuation Math Irrational (Seeking Alpha) $ 🗃️

• 🇨🇳 Baidu (NASDAQ: BIDU) 🇰🇾 – Internet-related services, products & AI. Chinese search engine, Baidu Maps, etc. 🇼 🏷️

🇨🇳 JD.com: The Subsidy Hangover Is Here, Downgrade To Hold (Seeking Alpha) $ 🗃️

🇨🇳 JD.com: Far From Being A Lost Cause (Seeking Alpha) $ 🗃️

🇨🇳 JD.com, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 JD Logistics, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Alibaba: Consolidated Revenue Growth Will Be Much Higher In FY2027 (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Is Becoming An AI Giant (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba: Cloud’s Promise Sustains, But The Stock Is Pricey Still (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba: Now An AI Growth Stock (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Earnings: Cloud Acceleration Is A Bullish Catalyst (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba: The Market Is Still Mispricing Its AI Boom (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba’s China Discount Comes With Competitive Forward Growth (Rating Upgrade) (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Q4 Earnings Review: AI Inflection Point Is Here (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba: A Full Stack AI Monster (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Making All The Right Moves, But It’s Not On Sale Yet (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Group Holding Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Hua Hong Semiconductor Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Biren Technology IPO Lockup (6082.HK): ˃US$700M Lockup Release for Cornerstone Investors (Smartkarma) $

• Shares of Shanghai Biren Technology Co Ltd (HKG: 6082), a fast-growing AI chip startup that develops intelligent processors for GPU and DSA computation architectures, rose ~149% since the IPO.

• The company raised ~HK$6.4B or ~$820M in its Hong Kong IPO, including additional proceeds from the over-allotment shares and the full exercise of the offer size adjustment option.

• The stock peaked at HK$60.00 in May and fell 19% over the next two weeks. The company’s early IPO lockup for cornerstone investors expires on July 1, 2026.

🇨🇳 After years on the sidelines, VNET seizes on China’s AI moment with new CATL tie-up (Bamboo Works)

• China’s oldest independent data center operator is finding its footing in the AI era, helped by a new $1 billion investment from battery champion Contemporary Amperex Technology Co. Ltd. (CATL) (SHE: 300750)

• Once a data center laggard, VNET Group Inc (NASDAQ: VNET) has advanced its reinvention as an AI-focused wholesale data center operator through a major new partnership with CATL

• VNET founder Chen Sheng remains firmly in control of his company, as CATL’s nearly $1 billion investment signals its move beyond batteries into AI-ready energy infrastructure

🇨🇳 Bilibili Q1 Earnings: Reflecting On The ‘Sell’ Quant Rating (Seeking Alpha) $ 🗃️

🇨🇳 Bilibili: Focus On User Additions And Margin Expansion (Seeking Alpha) $ 🗃️

🇨🇳 Bilibili Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 Bilibili (NASDAQ: BILI) – Video sharing website (animation, comics & games) + streaming platforms serving videos on demand. 🇼 🏷️

🇨🇳 Meitu thrives on exploding demand for paid AI content creation (Bamboo Works)

• Soaring demand for AI-generated product images, short videos and commercial content is transforming the company into a pay-per-use AI content platform

• Meituan (HKG: 3690 / 83690 / SGX: HMTD / FRA: 9MD / OTCMKTS: MPNGF / MPNGY)’s first-quarter revenue from imaging and design products grew by 34.3%, while annual recurring revenue from its AI Productivity Applications rose by 56.2%

• Total consumption of the company’s AI credits rose 59% through March compared with the end of last year, with Kaipai and RoboNeo usage soaring by 360% and 316%, respectively

🇨🇳 Hello Group: A Value Trap In Secular Decline (Seeking Alpha) $ 🗃️

• 🌐 Hello Group (NASDAQ: MOMO) 🇰🇾 – Online social networking spaces (Momo, Tantan, etc) + apps (Hertz, Soulchill & Duidui).

🇨🇳 NetEase, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 NetEase (NASDAQ: NTES) 🇰🇾 – Premium online services centered around content creation. Mobile & PC games. Majority-controlled subs. Youdao (NYSE: DAO), technology-focused intelligent learning company; Cloud Music (HKEX: 9899), online music content community; & Yanxuan, private label consumer lifestyle brand. 🇼 🏷️

🇨🇳 Tencent: From Internet ‘Walled Garden’ To AI Ecosystem Empire (Upgrading To Hold) (Seeking Alpha) $ 🗃️

🇨🇳 Tencent Holdings Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Tencent Music: Trading User Growth For Ecosystem Dominance (Seeking Alpha) $ 🗃️

🇨🇳 HUYA: The Bear Thesis Is Broken, Enter The High-Margin Game Publisher (Seeking Alpha) $ 🗃️

🇨🇳 Baozun Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 iQIYI: Mixed View Of Q1 Miss And Mid-Term Positives (Seeking Alpha) $ 🗃️

🇨🇳 GDS Holdings Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Its losses widening, Bitfire builds up its bets on the stablecoin race (Bamboo Works)

• Once built around crypto trading, the company is accelerating its push into the stablecoin and asset management businesses as it chases a place in the next wave of digital finance

• Bitfire Group Holdings Ltd (HKG: 1611 / OTCMKTS: HUBIF) lost up to HK$245 million in the six months through March, nearly 19 times more than its loss a year earlier

• The company is accelerating its expansion into the stablecoin and asset management businesses

🇨🇳 Baiwang breaks long silence with AI academic partnership after post-IPO stock collapse (Bamboo Works)

• The financial services company will partner with two academic institutions in one of the few filings related to its business activity since its stock crashed last July

• Baiwang Co Ltd (HKG: 6657) said it will collaborate with two Beijing-based scientific institutes on research in emerging areas involving data and AI agents

• The digital tax services provider has provided few updates on its business since its stock crashed more than 70% last July, just a year after its 2024 IPO

🇨🇳 Boyaa Interactive’s ‘bitcoinization’ strategy faces Web3 reality check (Bamboo Works)

• Once known for its Texas Hold’em games, the company is repositioning itself as a Hong Kong-listed bitcoin play through its push into Web3 gaming

• Boyaa Interactive (HKG: 0434 / FRA: 1BY / OTCMKTS: BOYAF) said its first-quarter loss more than doubled year-on-year, mainly due to a decline in bitcoin prices

• Excluding changes in the value of its bitcoin holdings, the company said its core profit for the quarter rose between 85% and 90%

🇨🇳 ATRenew: Q1 Profit Explosion Is The Beginning Of A Multi-Year Growth Story (Seeking Alpha) $ 🗃️

🇨🇳 ATRenew Q1 Review: Fantastic Performance Leads Me To Upgrade It (Seeking Alpha) $ 🗃️

🇨🇳 ATRenew Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Kanzhun Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 ZKH Group Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 In the digital intelligence battle, Digiwin bets on ancient Greek goddess (Bamboo Works)

• The maker of enterprise resource planning solutions for manufacturers has applied to list in Hong Kong, seeking funds to expand its Athena Digital and Intelligent Platform

• Digiwin Co Ltd (SHE: 300378) has filed for a Hong Kong IPO to complement its current Shenzhen listing, reporting stable but unimpressive profit growth over the last three years

• The company’s valuation isn’t cheap, including a P/E ratio of more than 70 for its Shenzhen-traded shares

🇨🇳 Tuya: Back In A Buy Zone, With A Hefty Yield (Seeking Alpha) $ 🗃️

🇨🇳 Tuya: A Deeply Discounted ‘Pick And Shovel’ Play On Agentic AI (Seeking Alpha) $ 🗃️

🇨🇳 Tuya Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Hesai: The Focus Is Now On Margins (Seeking Alpha) $ 🗃️

• 🌐 Hesai Group (NASDAQ: HSAI) – Lidar products for autonomous mobility, robots, etc. Three-dimensional light detection & ranging (lidar) solutions. 🏷️

🇨🇳 KE Holdings Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 KE Holdings (NYSE: BEKE) – Integrated online & offline platform for housing transactions & services. Operates Lianjia, China’s leading real estate brokerage brand & an integral part of its Beike platform. 🇼 🏷️

🇨🇳 Autohome: Balance Sheet Strength Compensates For Income Statement Weakness (Seeking Alpha) $ 🗃️

🇨🇳 Full Truck Alliance Co. Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 Full Truck Alliance (NYSE: YMM) – Digital freight platform connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights & types.

🇨🇳 EHang: From Bleeding On Paper To Thriving In Reality (Seeking Alpha) $ 🗃️

🇨🇳 Niu Technologies 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Niu Technologies (NASDAQ: NIU) – smart urban mobility solutions. Designs, manufactures & sells high-performance electric motorcycles, mopeds, bicycles & kick-scooters. 🇼

🇨🇳 Impressive Q1 For NIO Inc.: I Can’t Give It Anything But Buy (Seeking Alpha) $ 🗃️

🇨🇳 NIO: The Market Still Underestimates The ES8 Effect (Seeking Alpha) $ 🗃️

🇨🇳 BYD (1211 HK) Tactical View: SHORT The Incoming Rally (Smartkarma) $

• We had a positive view on BYD Company (SHE: 002594 / HKG: 1211 / SGX: HYDD / OTCMKTS: BYDDY / BYDDF) for a while, from late December 2025 to end of April 2026. The Q1 2026 disappointing earnings changed the picture.

• Current market consensus focuses heavily on the recent domestic sales slump and profit drop: even if BYD’s international exports reached record high in April 2026, international growth is not sufficient.

• Some inflows due to recent HK indices rebalances may lift BYD temporarily, plus our model is flagging the stock as ‘oversold’ – this could be a short-term rally. Fade it.

🇨🇳 TAL: Sit On The Fence Amid Uncertainty (Seeking Alpha) $ 🗃️

🇨🇳 Youdao, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 Youdao (NYSE: DAO) 🇨🇳 – Online knowledge tools, learning services, smart devices & education digitalization solutions.. Subs of NetEase (NASDAQ: NTES).

🇨🇳 Tongcheng Travel Holdings Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Tongcheng’s rosy report fails to discuss the worrisome elephant in its house (Bamboo Works)

• The online travel agent’s revenue rose 14% in the first quarter, but its latest report lacked discussion of an anti-trust probe into Trip.com (NASDAQ: TCOM), its top stakeholder and a key supplier

• Tongcheng Travel Holdings (HKG: 0780) reported its revenue rose 14.4% in the first quarter, led by a 14.7% gain for its accommodations unit and a 60% jump for its hotel management business

• The online travel agent’s latest report failed to discuss an anti-monopoly probe launched in January against Trip.com, Tongcheng’s main supplier of hotel booking services

🇨🇳 H World Group Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Trip.com: Post-Investigation Plummet Offers Opportunity Given China’s Tourism Tailwind (Seeking Alpha) $ 🗃️

🇨🇳 Atour Lifestyle Holdings Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Yum China: High-Quality Operator In The QSR Space (Seeking Alpha) $ 🗃️

• 🇨🇳 YUM China (NYSE: YUMC) – China’s largest restaurant company. Exclusive right to operate & sub-license KFC, Pizza Hut & Taco Bell + owns Little Sheep & Huang Ji Huangt. Partnered with Lavazza. 🇼 🏷️

🇨🇳 Luckin Coffee: Near-Term Confusion, Strong Long-Term Prospects (Seeking Alpha) $ 🗃️

🇨🇳 China’s ‘Stroller King’ gets a push from its high-end Cybex brand (Bamboo Works)

• Goodbaby International Holdings Ltd (HKG: 1086 / FRA: GBH / OTCMKTS: GBBYF)’s first quarter revenue rose by 6.4%, though it fell on a constant currency basis as the company faced tariff hits in the U.S. and slumping demand in China

• Goodbaby’s revenue grew 6.4% in the first quarter, but the figure dropped by 0.9% on a constant currency basis

• The company’s high-end Cybex stroller brand has helped it ride out U.S. tariff wars, reporting 12.9% year-on-year revenue growth during the quarter

🇨🇳 Vipshop: Staying Bullish After Q1 Profit Beat (Seeking Alpha) $ 🗃️

🇨🇳 Vipshop Holdings Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Vipshop looks to outlets in bid to jumpstart growth (Bamboo Works)

• The discount e-commerce company has been approved to spin off two of its brick-and-mortar outlet stores into a REIT, with another 18 similar projects

• Vipshop Holdings (NYSE: VIPS) reported its revenue rose 1.2% in the first quarter, representing only its second growth in the last eight quarters

• The company recorded strong growth for its brick-and-mortar outlets business, which helped to offset sluggishness for its older bargain e-commerce apparel sales

🇨🇳 RLX Technology Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Noah Holdings: A Deep Value Stock With Significant Upside (Seeking Alpha) $ 🗃️

🇨🇳 Noah Holdings: The Market Is Overpricing Risks (Seeking Alpha) $ 🗃️

• 🇨🇳 Noah Holdings Limited (NYSE: NOAH / HKEX: 6686) – Wealth management service provider. One-stop advisory services on global investment & asset allocation for high net worth investors. 🇼 🏷️

🇨🇳 Futu Holdings: The Market Is Mispricing 45% Revenue Growth And International Expansion (Seeking Alpha) $ 🗃️

🇨🇳 Jack Ma-backed insurer seeks riches in Hong Kong gold tokenization foray (Bamboo Works)

• Yunfeng Financial Group Ltd (HKG: 0376 / FRA: MNA1 / OTCMKTS: YNFGF) is leveraging its strong balance sheet and a strategic ether reserve to turn physical assets into a digital financial tool for professional investors in Hong Kong

• Yunfeng Financial has launched a digital token backed by gold bullion for professional investors in Hong Kong on its Yunfeng Youyu platform

• The company is leveraging capital reserves from its core insurance business to power a new model aimed at turning gold bullion into a liquid asset

🇨🇳 Luyuan charges abroad with new Thai production center, Singapore partnership (Bamboo Works)

• The company is joining a recent tide of Chinese electric bike, scooter and motorcycle makers setting up new factories overseas in a bid to jumpstart their stalling growth

• Luyuan Group Holding Cayman Ltd (HKG: 2451) has launched an R&D and manufacturing center in Thailand and formed a major partnership in Singapore in its fledgling drive to develop the global market

• The company is joining a growing tide of Chinese electric two-wheeler makers setting up production centers in Southeast Asia, where such vehicles are popular

🇨🇳 Shantui Construction bulldozes its way towards Hong Kong listing (Bamboo Works)

• The construction and mining machinery maker has filed for an IPO, backed by Weichai Power and parent Shandong Heavy Industry

• Heavy equipment maker Shantui Construction Machinery Co Ltd (SHE: 000680) has filed to list in Hong Kong, reporting its profit climbed 9% last year

• The company’s overseas operations boast much higher gross margins than its domestic business, while its excavator sales are expanding rapidly

🇨🇳 Canadian Solar advances North American shift with new plant, new CEO (Bamboo Works)

• The company is increasingly shifting its manufacturing focus to the U.S., including the upcoming launch of a major plant in Indiana making high-tech solar cells

• Canadian Solar (NASDAQ: CSIQ) will launch commercial production at a major new solar-cell factory in the U.S. in the next two months, as part of its growing shift to North American production

• The company boasts significantly higher gross margins than most of its peers, thanks to its focus on profitable markets and strong margins for its newer energy storage business

🇨🇳 Solar subsidies likely to top agenda at Trump-Xi meeting (Bamboo Works)

• American solar installers have stopped doing business with China-backed U.S. production centers due to uncertainties about their products’ eligibility for government subsidies

• China-linked U.S. solar panel makers may be ineligible for U.S. subsidies aimed at supporting residential-based solar power, according to a Reuters report

• JinkoSolar Holding Co Ltd (NYSE: JKS) is selling 75.1% of its U.S. plant in Florida to an American private equity company in an apparent attempt to keep its products eligible for subsidies

🇨🇳 Dajin Heavy H Share Listing: The Investment Case (Smartkarma) $

• Dajin Heavy Industry Co Ltd (SHE: 002487), a globally leading provider of core offshore wind power equipment, is pre-marketing an H-Share listing to raise around US$700 million.

• Dajin Heavy has three operating segments: wind power equipment, wind and photovoltaic power generation, and others.

• The investment case is bullish due to its rapid growth, book-to-bill >1, rising profitability, strong balance sheet and undemanding valuation.

🇨🇳 Zai Lab: A Speculative Bet On Global Oncology, With A Greater China Bag Attached (Seeking Alpha) $ 🗃️

🇨🇳 Zai Lab Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇳 Zai Lab Limited (NASDAQ: ZLAB) – Commercial-stage biopharmaceutical company (oncology, immunology, neuroscience & infectious diseases).

🇨🇳 Precision-drug maker Impact Therapeutics ignites IPO frenzy (Bamboo Works)

• The biotech scored a strong debut on the Hong Kong stock market after launching a targeted “synthetic lethality” drug that can kill off mutated cancer cells

• The company’s PARP inhibitor drug for advanced cancers was approved in China last year and is being covered by the public health insurance program

• With a big R&D budget, IMPACT Therapeutics Inc (HKG: 7630) remains deeply in the red and needed IPO cash to pump into its drug pipeline

🇨🇳 Then there were two: BeOne moves beyond single-blockbuster dependence (Bamboo Works)

• The company’s Sonrotoclax is the first newly approved BCL-2 inhibitor in the U.S. in nearly a decade, giving BeOne a potential new hit beyond its Zanubrutinib blood cancer therapy

• BeOne Medicines (NASDAQ: ONC)’ newly approved Sonrotoclax could leverage the company’s large patient base for its Zanubrutinib blood cancer treatment

• The company recently raised its full-year revenue guidance to between 43.6 billion yuan and 45.2 billion yuan, while forecasting a gross margin in the high-80% range

🇭🇰 Hang Seng Indexes: Changes Lead to US$6.6bn Trade; Plus Stock Connect & Global Index Inclusions (Smartkarma) $

• The changes to the Hang Seng family of indices were announced post market close on Friday – final capping will use closing prices from 2 June.

• There are 3 adds for the HSI, 2 changes each for the HSCEI and HSTECH, 1 change for the HSBIO Index and 7 adds for the HSCI Index.

• There will be positioning in most stocks but there could be continued positioning in the names that will be added to Southbound Stock Connect.

🇭🇰 uCloudlink Group Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇭🇰 Techtronic Industries: The Battery-Powered Growth Story (Seeking Alpha) $ 🗃️

🇲🇴 MGM China AGM nods final dividend for 2025 (GGRAsia)

• Macau concessionaire MGM China Holdings Ltd (HKG: 2282 / FRA: M04 / OTCMKTS: MCHVF / MCHVY) said shareholders have approved a final dividend of HKD0.353 (US$0.04) per share for the year ended December 31, 2025.

• The payout – approved by the firm’s annual general meeting last week – is scheduled for June 3, according to a filing to the Hong Kong Stock Exchange.

• The divided for 2025 amounts to just over HKD1.34 billion in aggregate, “representing approximately 26.4 percent” of the firm’s HKD5.07-billion profit attributable to its owners last year, MGM China stated.

🇲🇴 Macau 1Q premium mass offsets soft VIP, Londoner Macao joins top 3 for GGR share: JP Morgan (GGRAsia)

• Macau’s casino market recovery continues to be led by premium-mass play rather than VIP, even as overall gross gaming revenue (GGR) remained below pre-pandemic levels in the first quarter, says a Monday note from JP Morgan Securities LLC.

• Industry data compiled from operator disclosures indicated mass-table and slot GGR rose 11.9 percent year-on-year in the first quarter of 2026, representing circa 127 percent of 2019 levels, while overall market GGR recovered to 87 percent of pre-Covid performance.

🇹🇼 TSMC: Ultimate Winner In GPU & ASIC Battle – Reiterate Buy (Seeking Alpha) $ 🗃️

🇹🇼 The TSMC Paradox: Huge AI Silicon Supply Vs. Finite Infrastructure (Seeking Alpha) $ 🗃️

🇹🇼 TSMC: Early Signs Of Formidable Foundry Competition (Seeking Alpha) $ 🗃️

🇹🇼 United Microelectronics: The Market Is No Longer Pricing It As A Sleepy Mature-Node Foundry (Seeking Alpha) $ 🗃️

🇹🇼 Hon Hai Precision Industry Co., Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 Himax Technologies: The Rally Is A Mirage (Seeking Alpha) $ 🗃️

🇹🇼 Himax Technologies: Still Depends On Core Products, But CPO Looks Very Promising (Seeking Alpha) $ 🗃️

🇹🇼 Himax Technologies, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 Gogoro Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Gogoro (NASDAQ: GGR) – Battery-swapping refueling platform for urban electric two-wheel scooters, mopeds & motorcycles. 🇼

🇹🇼 Quanta Computer Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Quanta Computer (TPE: 2382 / OTCMKTS: QUCCF) – Notebook manufacturer + cloud computing business, enterprise network solutions, mobile communication products, smart home products, autotronics, smart healthcare, IoT & AI applications. 🇼 🏷️

🇹🇼 Hiwin Technologies Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 FIT Hon Teng Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 ASUSTeK Computer Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 Fubon Financial Holding Co., Ltd. (FUISF) Presents at J.P. Morgan Asia Insurance Forum 2026 – Slideshow (Seeking Alpha)

🇹🇼 Chunghwa Telecom Co., Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇹🇼 Chunghwa Telecom (TPE: 2412 / NYSE: CHT) – Largest integrated telecom service provider in Taiwan. Incumbent local exchange carrier of PSTN, Mobile, & broadband services. 🇼 🏷️

🇰🇷 KOSDAQ 150 (KOSDQ150): Where to Fade Friday’s Spike (Smartkarma) $

• The KOSDAQ 150 Index (KOSDQ150) rallied sharply on Friday. Sanghyun Park discussed in detail what is his opinion on this market move, read his insight for context.

• If the nominal fund size is fundamentally insufficient to drive a 5% index move and the headline acted as a sentiment trigger in a liquidity vacuum, the move is fadeable.

• This insight tries to examine statistically the current price move comparing it to previous past moves that our algorithmic model flagged as “similar”, to determine where it could end.

🇰🇷 S.Korea’s 2025 casino industry GGR up 14.6pct y-o-y at US$2.52bln (GGRAsia)

• South Korea’s casino industry posted aggregate gross gaming revenue (GGR) of circa KRW3.70 trillion (US$2.52 billion) in full-year 2025, up 14.6 percent from KRW3.23 trillion in 2024, according to data from the country’s Ministry of Culture, Sports and Tourism.

• The 2025 tally was also 26.1 percent higher than the KRW2.93 trillion recorded in 2019, the last full trading year before the Covid-19 pandemic.

• The figure covers the country’s 18 casinos, including foreigner-only venues and Kangwon Land (KRX: 035250), the country’s only casino open to locals.

🇰🇷 Coupang Q1 ‘26: Stock is down 50% from high (Sunrise Capital)

• Did the data breach impair the entire business? (Spoilers: No!)

• Shawspring Partners moved back into Coupang, Inc. (NYSE: CPNG), as disclosed in its latest Q1 ’26 13F update. The fund first invested in the company back in Q1 ’22, before exiting in Q4 ’24. Its recent re-entry caught my attention, so I decided to take a closer look at what has changed.

• Coupang’s share price has fallen by roughly 50% from its recent high. The stock is now back at levels last seen in late 2022, even though revenue has grown by more than 60% since then.

• So what happened?

🇰🇷 Samsung: Strike Relief Is Good For Revenue, But It Removes A Margin Catalyst (Seeking Alpha) $ 🗃️

🇰🇷 KT Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇰🇷 Shinhan: Targeting Superior Financial Profile And Higher Cash Distributions (Seeking Alpha) $ 🗃️

🇰🇷 SK Telecom: Operating Profit Beat Expectations With Catalysts Intact (Seeking Alpha) $ 🗃️

🇰🇷 SK Telecom Co., Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇰🇷 SK Telecom (NYSE: SKM / KRX: 017670 / FRA: KMBA) – Wireless telecommunication services in Korea. 3 segments: Cellular Services, Fixed-Line Telecommunications Services & Other Businesses. 🇼 🏷️

🇰🇷 POSCO Holdings: Strong Momentum Continues After Impressive Q1 Earnings Report (Technical Analysis) (Seeking Alpha) $ 🗃️

🇰🇷 POSCO Holdings: Solid Performance And Favorable Prospects (Seeking Alpha) $ 🗃️

🇰🇷 POSCO Holdings Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 POSCO Holdings (NYSE: PKX) – Integrated steel producer. 6 segments: Steel, Trading, Construction, Logistics & Others, Green Materials & Energy & Others. 🇼 🏷️

🇰🇭 S&P forecasts ‘modest’ earnings growth for NagaCorp this year and next (GGRAsia)

• S&P Global Ratings expects Hong Kong-listed casino operator NagaCorp (HKG: 3918 / FRA: N9J / OTCMKTS: NGCRF)’s earnings to grow “modestly” over the next two years, at an annual rate of 5 percent to 6 percent across 2026 and 2027.

• “A return to the level of earnings in 2019 is unlikely for the time being,” the institution cautioned in a ratings action issued on Thursday.

• NagaCorp has a long-life casino monopoly in the Cambodian capital Phnom Penh, where it runs the NagaWorld casino resort (pictured).

• The rating agency raised its long-term issuer credit rating on NagaCorp to ‘B+’ from ‘B’, still below investment grade, citing what it described as a “stronger credit profile”. It assigned a ‘stable’ outlook on Nagacorp’s rating.

🇮🇩 PT Vale Indonesia Tbk 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇩 Telekomunikasi Indonesia: A Mixed View (Rating Downgrade) (Seeking Alpha) $ 🗃️

🇲🇾 PETRONAS Chemicals Group Berhad 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Telekom Malaysia Berhad 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Digi.com Bhd 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Public Bank Berhad 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Public Bank Berhad 2025 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Top Glove Corporation Bhd. 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Top Glove Corporation (KLSE: TOPGLOV / SGX: BVA / OTCMKTS: TPGVF) – World’s largest manufacturer of gloves. Manufacturing operations in Malaysia, Thailand, Vietnam & China + marketing offices in these countries, USA, Germany & Brazil. 🇼 🏷️

🇲🇾 IHH Healthcare Berhad 2025 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Malayan Banking Berhad 2025 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Mega First Corporation Berhad 2025 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Hibiscus Petroleum Berhad 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Hibiscus Petroleum Berhad (KLSE: HIBISCS) – Malaysia’s first listed independent oil & gas exploration & production company focused on enhancing production from mature assets. UK, Malaysia, Australia, & Vietnam. 🏷️

🇵🇭 GT Capital Holdings, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇵🇭 GT Capital Holdings (PSE: GTCAP) – Conglomerate. Banking, property development, infrastructure & utilities, auto assembly, importation, wholesaling, dealership & financing & life & non-life insurance. 🇼

🇵🇭 Security Bank Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 LT Group, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏 LT Group Inc (PSE: LTG) – Holdco. Asia Brewery, Eton Properties, PMFTC Inc, Philippine National Bank & Tanduay Distillers. 🇼

🇵🇭 Jollibee Foods Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Jollibee Foods (PSE: JFC / OTCMKTS: JBFCF / JBFCY) – Foreign & local fast food/restaurant brands in the Philippines & abroad (Chowking, Greenwich, Red Ribbon, Mang Inasal, etc.). 🇼

🇵🇭 PLDT Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Ayala Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Ayala Corp (PSE: AC) – Diversified conglomerate (real estate; financial services; telecommunications; utilities, power & transport; Manufacturing; automotive, etc). 🇼

🇵🇭 JG Summit Holdings, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏 JG Summit Holdings (PSE: JGSHI / OTCMKTS: JGSHF / JGSMY) – Conglomerate. Air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate & property development & telecommunications. 🇼

🇵🇭 Globe Telecom, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Robinsons Land Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Aboitiz Power Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Aboitiz Equity Ventures, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 The Keepers Holdings, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 BDO Unibank, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 D.M. Wenceslao & Associates, Incorporated 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Acen Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Megaworld Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 DMCI Holdings, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇵🇭 DMCI Holdings (PSE: DMC / OTCMKTS: DMCHY) – 8 segments: Construction & others, coal mining, nickel mining, real estate, on-grid Power, off-grid power, water & cement manufacturing. 🇼

🇵🇭 Universal Robina Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 Running On Empty – Philippines’ Nickel Sector And The Fuel Crisis (Seeking Alpha) $ 🗃️

🇵🇭 Nickel Asia Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 SM Investments Corporation 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇭 D&L Industries, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 D&L Industries (PSE: DNL / OTCMKTS: DLNDY) – Product customization & specialization (food ingredients, chemicals for personal/home care use, raw materials for plastic & aerosol products).

🇵🇭 Philippines 1Q GGR down 16pct from a year ago, to US$1.4bln (GGRAsia)

• The Philippine gaming sector – including non-casino operations – produced gross gaming revenue (GGR) of PHP87.60 billion (US$1.42 billion) in the first three months of 2026, 15.9-percent lower than in the prior-year period.

• The decline was largely driven by a “weaker performance” of the electronic gaming sector, which saw revenue down 22.4 percent from a year ago, to PHP39.90 billion in the first quarter, said on Saturday the country’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).

• The segment encompasses e-bingo, e-games, bingo grantees, and onsite and off-site poker, as per Pagcor’s classification. It accounted for circa 45.6 percent of aggregate GGR in the January to March period.

🇵🇭 Entertainment City IRs see 1Q GGR down 11pct from a year earlier: Pagcor (GGRAsia)

• Large-scale integrated resorts (IRs) in Entertainment City, in Metro Manila, recorded gross gaming revenue (GGR) of just above PHP37.47 billion (US$574.6 million) in the three months to March 31, according to data from the country’s casino regulator, the Philippine Amusement and Gaming Corp (Pagcor).

• The GGR tally for the private-sector casinos in Entertainment City was down 11.1 percent from a year ago, showed the data.

• The Philippine gaming sector – including non-casino operations – produced GGR of PHP87.60 billion in the first three months of 2026, 15.9-percent lower than in the prior-year period.

• Casino operator Bloomberry Resorts Corp (PSE: BLOOM / OTCMKTS: BLBRF) reported GGR of PHP14.67 billion in the opening quarter of 2026, down 12.6 percent from the prior-year period. The firm attributed the decline to “lower GGR” from the group’s Solaire Resort Entertainment City.

• City of Dreams Manila, run by a unit of Melco Resorts & Entertainment Ltd (NASDAQ: MLCO), saw improved earnings, before interest, taxation, depreciation, and amortisation (EBITDA) in the first quarter, on what it described as a “better performance in the rolling chip operations”, despite a decrease in revenue from the mass-market segment.

🇵🇭 DFNN 2025 revenue more than doubles but loss widens (GGRAsia)

• Philippine information technology firm DFNN Inc (PSE: DFNN) reported a net loss of PHP411.0 million (US$6.7 million) for full-year 2025, a 36.3-percent increase from a year earlier. Revenue last year rose 112.5 percent year-on-year, to PHP63.6 million, the firm said in a filing to the Philippine Stock Exchange.

• The revenue gain was supported by the value of contracts with third parties throughout 2025, which saw a 518.7 percent year-on-year increase, to PHP42.5 million. Sales of goods for the period stood at PHP35.9 million, up from PHP5.4 million in 2024.

• Via subsidiaries, DFNN has licences for electronic gaming machines, a sports betting exchange, and digit and pari-mutuel games, with the nation’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor).

🇸🇬 Canaan Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇸🇬 Jadestone Energy plc 2025 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇸🇬 DBS Is Quietly Evolving Into An Asian Financial Compounder (Seeking Alpha) $ 🗃️

🇸🇬 Singapore Airlines Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇸🇬 Wave Life Sciences: ‘Strong Buy’ On DMD NDA Filing WVE-N531 And Released AATD Data (Seeking Alpha) $ 🗃️

🇸🇬 Wave Life Sciences: Good Platform, Mixed Clinical Trial Data, Hold (Seeking Alpha) $ 🗃️

🇸🇬 Wave Life Sciences Ltd. (WVE) Shareholder/Analyst Call – Slideshow

🇸🇬 Bitdeer: Rapidly Scaling AI Cloud Deserves A Rerating (Seeking Alpha) $ 🗃️

🇸🇬 Karooooo Ltd. 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇸🇬 🇿🇦 Karooooo (NASDAQ: KARO / JSE: KRO) – Leading provider of an on-the-ground operations cloud that maximizes the value of data. The Cartrack SaaS platform provides insightful real-time data analytics & business intelligence reports. 🏷️

🇸🇬 Grab: The Indonesia Panic Is The Opportunity (Seeking Alpha) $ 🗃️

🇸🇬 Grab Holdings Limited 2026 Q1 – Results – Earnings Call Presentation

🇸🇬 Asian Pay Television Trust 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏 Asian Pay Television Trust (SGX: S7OU / OTCMKTS: APTTF) – First listed business trust in Asia focused on pay-TV & broadband businesses. Pay-TV & broadband businesses in Taiwan, Hong Kong, Japan & Singapore. 🏷️

🇸🇬 Sea Limited: Excellent Quarter And Still Undervalued (Seeking Alpha) $ 🗃️

🇸🇬 Sea Q1 Earnings Preview: Fantastic Dip To Buy As Valuation Falls (Seeking Alpha) $ 🗃️

🇸🇬 Sea Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏 Sea Limited (NYSE: SE) – 3 core businesses: Garena (global online games developer & publisher), Shopee (largest pan-regional e-commerce platform in SE Asia & Taiwan), SeaMoney (leading digital payments & financial services provider in SE Asia). 🇼 🏷️

🇸🇬 Sea Limited Q1 2026 Earnings Review (GabGrowth)

• 47% Revenue Growth, Highest in 16 Quarters. All 3 Segments Accelerating

• Sea Limited (NYSE: SE) reporting earnings on 12th May before the market open.

• The stock closed the day up 13%.

• Table of Contents

🇸🇬 Missed Amazon in 2008? Is Sea Ltd. a Second Chance? 🏆 (Slow Compounding)

• A Southeast Asian compounder hiding in plain sight

• Platform companies often look messy. They invest heavily, profitability is delayed, and the market struggles to decide whether losses are value-destroying expenses or value-creating reinvestments. Only later does it become clear whether the company was simply burning cash or building infrastructure, trust, customer behavior, and network effects that would matter for decades.

• Sea Limited (NYSE: SE) is not Amazon. And Southeast Asia is not the United States.

• But in some ways, Sea reminds me of Amazon around 2008/2009: already large, already relevant, but with much of its long-term earnings power still hidden behind investment, complexity, and market skepticism.

🇸🇬 Sea Limited in 2026: Is It Finally Time to Treat It Like a “Blue Chip”? (The Smart Investor)

🇸🇬 United Overseas Bank Limited (UOVEY) Q1 2026 Sales/ Trading Statement Call – Slideshow (Seeking Alpha)

🇸🇬 Frasers Logistics & Commercial Trust 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

🇸🇬 SuperX AI Technology Limited: We’ll See How The Japan Delivery Proves Out (Seeking Alpha) $⛔🗃️

• 🌐 SuperX AI Technology Ltd (NASDAQ: SUPX) – AI infrastructure solutions provider (comprehensive portfolio of proprietary hardware, advanced software & end-to-end services for AI data centers).

🇸🇬 RWS’ casino overhaul seeks to address competitive gap with MBS: chairman (GGRAsia)

• Casino operator Genting Singapore (SGX: G13 / FRA: 36T / OTCMKTS: GIGNF / GIGNY) says a major transformation of the gaming experience at Resorts World Sentosa (RWS) will form a central part of its SGD6.80-billion (US$5.32-billion currently) redevelopment plan, known as RWS 2.0.

• Speaking at the company’s annual general meeting in mid-April, Genting Singapore’s executive chairman and acting chief executive, Lim Kok Thay, said a key focus of the next phase of investment would be the complex’s gaming venue.

• Mr Lim said the firm’s management was devoting attention to “design, marketing and operations” in order to close competitive gaps in the gaming segment to its Singapore market rival, the Marina Bay Sands (MBS) complex, run by a unit of Las Vegas Sands (NYSE: LVS).

🇸🇬 GEN Singapore’s credit strength increasingly pressured by market-share loss: Moody’s (GGRAsia)

• Moody’s Investors Service Inc says a “strong balance sheet” continues to support the “credit strength” of Genting Singapore (SGX: G13 / FRA: 36T / OTCMKTS: GIGNF / GIGNY), the operator of the Resorts World Sentosa casino complex in Singapore. The institution however cautioned that market-share decline in Singapore and a “weaker” credit quality of the parent, Malaysian conglomerate Genting Berhad (KLSE: GENTING / OTCMKTS: GEBHY), “pose risks” for the casino firm.

• Genting Singapore posted first-quarter net profit of nearly SGD65.2 million (US$51.2 million), down 55.0 percent from a year earlier. That was on revenue that fell 3.0 percent year-on-year, to SGD607.6 million.

🇸🇬 Top Stock Market Highlights of the Week: SGX Retakes regional Crown, Keppel’s M1 Deal Collapses, Singapore’s AI Strategy Update, JustCo’s SGX Debut, and UOB’s S$387m Property Divestment (The Smart Investor)

• This week saw Singapore dethroning Indonesia as Southeast Asia’s largest stock market, a major telco deal falling through at the last minute, a refreshed national AI strategy, a S$387 million property divestment by UOB, and the listing of a co-working space pioneer.

  • M1 Sale Formally Terminates After IMDA Probe

    • Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF) has let its S$1.43 billion cash deal to sell M1’s telecom operations to Simba Telecom lapse.

    • Following the passing of the May 21 long-stop date, Simba’s parent company, Australia-listed Tuas Ltd (ASX: TUA / OTCMKTS: TUALF), announced on the ASX that both parties have been formally released and discharged from their respective obligations under the sale and purchase agreement.

  • Singapore Refreshes National AI Strategy, Inks Deals With OpenAI and Google

    • Singapore unveiled a refresh of its National AI Strategy at the ATxSummit on 20 May 2026, with Minister for Digital Development and Information Josephine Teo announcing new partnerships with OpenAI and Alphabet (NASDAQ: GOOGL) subsidiary Google.

  • Singapore Overtakes Indonesia as Southeast Asia’s Largest Stock Market

  • United Overseas Bank (SGX: U11 / FRA: UOB / UOB0 / OTCMKTS: UOVEY / UOVEF) Divests S$387 million in Property Interests to Singapore Land Group Ltd (SGX: U06 / OTCMKTS: UILCF) or SingLand and UOL Group Limited (SGX: U14 / FRA: U1O / OTCMKTS: UOLGY / UOLGF)

  • GIC-backed JustCo Makes Its SGX debut With S$100 million IPO

    • GIC-backed co-working operator JustCo Holdings (SGX: JCO) commenced trading on the SGX Mainboard today at an offering price of S$0.94 per share, raising gross proceeds of S$100 million.

🇸🇬 Top Stock Market Highlights of the Week: Singtel, OCBC and the Trump-Xi Summit (The Smart Investor)

• This week, the market’s attention falls on a major US fund manager crossing a key ownership threshold in Singapore’s largest telco, a local bank deepening its ties with Australia, and the high-stakes superpower summit in Beijing.

  • Trump and Xi Open High-Stakes Beijing Summit

  • Capital Group Emerges as Substantial Singtel Shareholder

    • US asset manager Capital Group has crossed the 5% ownership threshold in Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF) (Singtel), triggering a substantial shareholder filing with the SGX.

    • In a filing dated 8 May, Singtel disclosed that Capital Group had purchased 19.3 million shares on 6 May at an average price of S$4.67 per share, compared with the stock’s March closing high of S$5.21.

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) Partners with Australian Government to Boost Regional Trade

    • OCBC has signed a five-year strategic partnership with the Australian High Commission in Singapore to deepen trade and investment flows between Southeast Asia and Australia.

    • The framework, formalised in April, will see OCBC collaborate with three Australian government agencies, namely the Department of Foreign Affairs and Trade, Export Finance Australia, and the Australian Trade and Investment Commission.

🇸🇬 Top Stock Market Highlights of the Week: SGX Global Listing Board, GameStop and OCBC (The Smart Investor)

• We look at Singapore’s new dual-listing platform with NASDAQ, an audacious takeover bid in the US, and a major regional banking acquisition by a local lender.

  • New Global Listing Board Set for Mid-Year Debut

    • The MAS and SGX RegCo have moved a step closer to launching the new Global Listing Board (GLB), with MAS issuing its response to the public consultation on 30 April 2026.

    • The GLB, first announced on 19 November 2025, is a partnership between the Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY) and NASDAQ aimed at creating a streamlined dual-listing pathway between Singapore and the US.

    • The board is scheduled to commence around mid-2026.

  • GameStop Makes Bold US$56 Billion Play for eBay

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) to Acquire HSBC Indonesia’s Wealth, Retail Business

    • OCBC announced on 4 May 2026 that its Indonesian subsidiary, PT Bank OCBC NISP Tbk, has agreed to acquire the retail banking and wealth management operations of HSBC Holdings plc (LON: HSBA / NYSE: HSBC) in Indonesia.

    • The deal will see OCBC take over the assets and liabilities of HSBC Indonesia’s International Wealth and Premier Banking (IWPB) business, which spans 26 branches and serves around 336,000 customers.

🇸🇬 Genting, Suntec REIT, FCT: SGX Stocks Rewarding Investors This Week (The Smart Investor)

🇸🇬 DBS Group, Seatrium, Venture: Blue Chips Rewarding Investors Next Week (The Smart Investor)

🇸🇬 3 Blue-Chip Stocks Near Their Highs: What Should Investors Watch Next? (The Smart Investor)

🇸🇬 3 Stocks Hitting 52-Week Highs. Are They Still A Buy? (The Smart Investor)

• Stocks making new highs can feel expensive, but strong businesses often keep climbing for a reason. Here’s how to evaluate three stocks trading near their 52-week highs — and whether they still deserve a place in your portfolio.

  • Why Stocks Reach 52-Week Highs

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY), or OCBC – The Earnings Momentum Winner

    • OCBC is one that is trading close to fresh highs, and for good reason.

    • The bank’s latest earnings report (ending 31 March 2026) saw net profit rising 5% year on year (YoY) to nearly S$2 billion, on the back of double-digit growth in its non-interest income over the same period.

    • Why are investors excited?

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering, or STE – The Dividend Re-Rating Story

    • Another company that is trading near 52-week highs is the prime defence contractor for Singapore: ST Engineering.

    • One of the reasons supporting its recent ferocious rally is the substantial dividend hike announced by the group: the total dividend paid of S$0.23 per share for 2025 represents a sharp 35.2% spike compared to the previous year.

  • Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF), or Keppel – The Structural Growth Leader

    • Keppel has been recording fresh highs, thanks to its strategic positioning to tap into specific long-term trends, including energy transition and digitalisation.

  • Get Smart: New Highs Don’t Automatically Mean “Too Late”

🇸🇬 5 Singapore Blue-Chip Stocks for Long-Term Investors (The Smart Investor)

🇸🇬 Stop Watching the Tickers: 5 Stocks to “Buy and Forget” for a Decade (The Smart Investor)

• Constantly checking stock prices rarely builds wealth. The real gains often come from holding great businesses over time. These five stocks are the kind investors can consider owning for the next decade.

  • DBS Group — The Global Platform Leader

    • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) became Southeast Asia’s largest bank in 1998.

    • Today, it has operations spanning 19 markets with a keen focus on Greater China, Southeast Asia and South Asia, a network that is hard to match.

    • For the full year of 2025 (FY2025), DBS achieved a record total income of S$22.9 billion.

  • ST Engineering — The Dividend Growth Blue Chip

    • Global technology and defence powerhouse, Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering or STE, is backed by government contracts and long-term aviation maintenance.

    • The company won S$18.7 billion worth of new contracts in 2025, and ended the year with a massive order book of S$33.2 billion.

  • Venture Corp — The Structural Growth Leader

    • Venture Corporation (SGX: V03 / FRA: VEM / OTCMKTS: VEMLF) serves as a strategic partner and manufacturer for global giants in key sectors such as life sciences and advanced networking.

    • With the worldwide push for better medical technology and rising complexity of semiconductor testing, Venture Corp is well-positioned to benefit from the increasing sector demand.

  • Sheng Siong — The Defensive Compounder

    • As a classic all-weather stock, Sheng Siong Group (SGX: OV8 / OTCMKTS: SHSGF) remains resilient regardless of the economy as daily groceries and household essentials never go out of style.

    • In fact, when times get tough, consumers cut down on dining out and eat at home instead.

  • Keppel DC REIT — The Scalable Challenger

    • As of 31 December 2025, Keppel DC REIT (SGX: AJBU / OTCMKTS: KPDCF) has 25 data centres across Asia-Pacific and Europe valued at S$6.3 billion.

    • With a portfolio occupancy of 95.8% and a weighted average lease expiry (WALE) of 6.7 years as of the end of 1Q2026, tenants are locked in for the long haul.

  • Why Most Investors Struggle to “Hold for a Decade”

🇸🇬 The “Sleep Well at Night” Portfolio: 4 SGX Stocks That Thrive in Market Chaos (The Smart Investor)

• Market volatility is unavoidable, but some businesses are built to handle uncertainty better than others. These four stocks stand out for their resilience, strong cash flow, and ability to stay steady when markets turn chaotic.

🇸🇬 CPF OA at 2.5% Isn’t Enough: 5 Stocks That Could Help You Do More (The Smart Investor)

• CPF OA offers stability, but it may not be enough to grow your wealth meaningfully over time. These five stocks could complement your CPF and help you build stronger long-term returns.

  • CPF vs Stocks – Why CPF OA May Not Be Enough

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) — The Dividend Growth Blue Chip

    • DBS has grown from a traditional bank to become a capital-return powerhouse, driven by a robust capital return strategy and backed up by resilient profits and increased fees from wealth management.

  • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF) — The REIT Income Generator

    • CapitaLand Integrated Commercial Trust (CICT) has exposure to a diversified pool of existing commercial buildings in Singapore, where there is the prospect of stable income generation due to the gradual revival of tourism and office demand.

    • Its portfolio consists of high-quality assets, including Plaza Singapura (slated for asset enhancement), Raffles City, CapitaSpring, and the upcoming acquisition, Paragon.

  • Sembcorp Industries (SGX: U96 / FRA: SBOA / OTCMKTS: SCRPF) — The Cash Flow Compounder

    • Sembcorp has pivoted towards an energy and utilities business model that sees higher exposure to renewable energy assets.

    • A key strength of the business lies in its ability to generate sustainable cash flow from its power operations.

  • Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF) or Singtel — The Structural Growth Leader

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering — The Defensive Anchor

    • The profits of ST Engineering are backed by multi-year contracts within the domains of defence, aerospace and urban solutions, with diversification of its order books guaranteeing robust revenue visibility.

  • Get Smart: Build Beyond the Baseline

🇸🇬 Forget CPF Interest Rates. These Stocks Pay You More (The Smart Investor)

• CPF offers stability and guaranteed returns, but some stocks provide higher income potential.

• Stocks with high dividend yields may look appealing at first glance, but not all are created equal.

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) — The Cash Flow Generator

    • DBS stands out due to its ability to generate high, consistent returns, even as the interest rate cycle shifts.

    • Its balance sheet remained strong for the first quarter of 2026 (1Q2026), with net profit rising to S$2.93 billion while total income hit a record S$5.95 billion.

  • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF), or CICT — The Dividend Growth Blue Chip

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering or STE — The Defensive Income Play

    • STE is a defensive heavyweight with diversified businesses across aerospace, defence, and smart city solutions.

    • Based on its total FY2025 dividend of S$0.23 per share and share price of around S$10.63, ST Engineering offers a dividend yield of roughly 2.2%.

  • What Investors Should Be Careful About

  • Get Smart: Higher Returns Require Smarter Decisions

🇸🇬 Salary Shortfall: 5 Pricing-Power Stocks for a High-Inflation World (The Smart Investor)

• Inflation eats into your purchasing power — unless the businesses you own can keep raising prices. These five stocks stand out for their pricing power, helping investors stay ahead of rising costs.

• Today, we will spotlight five stocks with pricing power and how they can help you soften the impact of inflation on your wallet.

  • Why Pricing Power Is the Ultimate Inflation Hedge

  • DFI Retail Group (SGX: D01 / FRA: DFA1 / OTCMKTS: DFIHY), or DFI — The Consumer Brand Leader

    • DFI, being the operator of recognisable brands such as IKEA, Guardian, and 7-Eleven across multiple Asian markets, best exemplifies what it means to have pricing power.

  • Sembcorp Industries (SGX: U96 / FRA: SBOA / OTCMKTS: SCRPF), or Sembcorp — The Essential Services Provider

    • Being an essential services provider that customers rely on for daily living also grants pricing power to a certain extent.

    • Take Sembcorp, for example; this local energy provider has long-term contracts, spanning decades.

  • Parkway Life Real Estate Investment Trust (SGX: C2PU) — The REIT with Built-In Escalations

    • ParkwayLife REIT owns healthcare properties, mainly hospitals and nursing homes, primarily in Singapore and Japan.

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering, or STE — The Market Leader with High Switching Costs

    • STE’s strong market leadership in the maintenance, repair, and overhaul (MRO) market (ranked number two globally by Spherical Insights) for commercial aerospace makes it difficult for customers to switch providers.

  • Seatrium Ltd (SGX: SE2 / FRA: S8N / OTCMKTS: SMBMF), or Seatrium — The Commodity or Asset-Linked Player

    • Finally, Seatrium, being in the business of constructing offshore vessels, may see strong earnings growth during periods of high oil prices (high oil prices generally lead to an escalation in inflation).

  • What Investors Should Be Careful About

  • What Investors Should Be Careful About

  • Get Smart: Let Your Investments Do the Heavy Lifting

🇸🇬 Cashing in! 3 Dividend Stocks Paying Investors This Week (The Smart Investor)

• Three SGX-listed companies are paying dividends next week. All three generated positive cash flow and held net cash, yet only one chose to raise its dividend payout.

• The direction of the dividend often reveals what management sees in the quarters ahead.

  • Frencken Group Ltd (SGX: E28) — Pays 14 May 2026

    • Frencken Group, a global integrated technology solutions provider serving the semiconductor, analytical life sciences, medical, automotive and industrial automation segments, is the strongest case in this trio.

  • Info-Tech Systems (SGX: ITS) — Pays 15 May 2026

    • Info-Tech Systems, a Singapore-based SaaS provider serving SMEs across Singapore, Malaysia and other regional markets, is the growth case.

  • Delfi Limited (SGX: P34 / OTCMKTS: PEFDF) — Pays 15 May 2026

    • Delfi, the Singapore-listed chocolate confectionery group behind Indonesian brands SilverQueen, Ceres and Delfi, is the cautionary case.

  • Get Smart: Read the dividend direction, not just the FCF

🇸🇬 3 Blue-Chip Dividends Landing on Consecutive Days: How Sustainable Is Each Payout? (The Smart Investor)

• Three blue-chip dividends arrive in the same trading week — but the cash flow, order books and forward guidance behind each cheque tell three very different stories.

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering, or STE

    • STE kicks off the week on 13 May.

    • The defence and engineering group is lifting its FY2025 total dividend to S$0.23 per share, up from S$0.17 a year ago – including a final dividend of S$0.06 and a special dividend of S$0.05.

    • The numbers underneath form the cleanest case of the three.

  • CapitaLand Investment Limited (SGX: 9CI), or CLI

    • CLI pays on 14 May, sandwiched between the two.

    • The dividend itself stems from the group’s FY2025 results, but the most recent disclosure – a 1Q2026 business update – does not include dividend figures, which CLI typically reports alongside half-year results.

    • What the update does reveal is a business mid-pivot.

  • Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY), or SGX

    • The bourse operator pays last, on 15 May, distributing its 1HFY2026 interim quarterly dividend of S$0.110 per share.

    • Combined with the earlier interim, total dividends for the half come to S$0.2175, up from S$0.180 a year ago.

    • What sets SGX apart is forward commitment.

  • Get Smart: Read Past the Headline Yield

🇸🇬 Hidden Dividend Stars: 3 SGX Stocks with Growing Payouts and Zero Debt (The Smart Investor)

• Three SGX-listed small caps with zero debt, hefty cash reserves, and a growing track record of rewarding shareholders.

• Here are three SGX-listed stocks that tick both boxes.

  • HRNetGroup (SGX: CHZ)

    • HRnetGroup is a leading recruitment and staffing firm operating across 18 Asian cities.

    • The group’s Flexible Staffing segment accounts for nearly 90% of revenue, while Professional Recruitment punches above its weight, contributing 45.2% of gross profit from just 9.6% of revenue.

  • Credit Bureau Asia Ltd (SGX: TCU)

    • Credit Bureau Asia (CBA) provides credit and risk information to banks, financial institutions, and government bodies across Southeast Asia.

    • Its Financial Institution (FI) Data business runs credit bureaus in Singapore, Cambodia, and Myanmar, while its Non-FI Data segment offers commercial risk management solutions through a partnership with Dun & Bradstreet.

    • FY2025 was a softer year operationally.

  • Vicom Ltd (SGX: WJP)

    • VICOM is Singapore’s leading provider of vehicle testing and inspection services and a subsidiary of ComfortDelGro Corporation Ltd (SGX: C52).

    • Beyond vehicle inspections, the group offers mechanical, civil engineering, and non-destructive testing through its Setsco subsidiary.

  • Get Smart: A clean balance sheet is a dividend’s best friend.

🇸🇬 3 SGX Dividends Hit Bank Accounts This Week — But Only One Is Funded by Cash Flow (The Smart Investor)

• SBS Transit, ComfortDelGro, and Sheng Siong are paying dividends this week, but only one of the three is paying out of cash the business is actually generating. Here’s what dividend investors should know.

• Free cash flow is the engine that powers dividends — and that is where the divergence shows up.

  • Sheng Siong Group (SGX: OV8 / OTCMKTS: SHSGF): Organic Growth Doing the Heavy Lifting

    • Of the three, Sheng Siong has the cleanest dividend story.

    • The supermarket operator’s first-quarter 2026 (1Q2026) results showed revenue rising 12.4% year on year (YoY) to S$452.8 million, with comparable same-store sales in Singapore growing 3.5%.

  • SBS Transit (SGX: S61): Read the Dividend Composition Carefully

  • ComfortDelGro Corporation (SGX: C52 / FRA: VZ1 / VZ10 / OTCMKTS: CDGLF / CDGLY): Dividend Rises While Cash Flow Turns Negative

    • ComfortDelGro shareholders receive a final dividend of S$0.0459 on 13 May 2026, capping an FY2025 total of S$0.0850 — up 9.4% YoY.

    • The headline performance supports the increase.

  • Get Smart: The Cheque is Backward-Looking; Cash Flow Tells You What Comes Next

🇸🇬 Looking for Higher Dividends? 4 Singapore Stocks That Look Poised to Pay Out More in 2026 (The Smart Investor)

• These four Singapore stocks could be positioned to increase their dividends in 2026, driven by earnings growth and improving cash flow.

  • Why Dividend Growth Matters More Than Yield

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) or ST Engineering — The Earnings Momentum Story

    • ST Engineering looks set to raise its dividend again, with profits climbing fast.

    • In its 2025 financial year results (FY2025), the conglomerate reported strong base operating performance (BOP).

  • Frasers Centrepoint Trust (SGX: J69U / OTCMKTS: FRZCF), or FCT — The Cash Flow Expansion Play

  • Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY), or SGX — The Balance Sheet Strength Case

  • Venture Corporation (SGX: V03 / FRA: VEM / OTCMKTS: VEMLF) — The Recovery Dividend Story

    • Venture Corporation looks primed for more dividend growth if its business keeps picking up steam in 2026.

    • The technology solutions provider reported improving momentum in recent quarters.

  • What Could Delay Dividend Growth

  • Get Smart: The Best Dividend Stocks Keep Paying More

🇸🇬 Beyond STI: 3 Under-the-Radar Stocks Quietly Buying Back Their Own Shares (The Smart Investor)

• Three under-the-radar SGX stocks are buying back shares while paying dividends – but the sustainability of each payout tells a different story.

• Here are three non-STI stocks that appeared on the buyback list – and what their financials tell us about dividend sustainability.

  • Credit Bureau Asia Ltd (SGX: TCU)

    • Credit Bureau Asia (CBA), which provides credit and risk information to banks and financial institutions across Southeast Asia, delivered a quiet vote of confidence in its dividend.

  • Kimly Ltd (SGX: 1D0)

  • Micro-Mechanics (Holdings) Ltd (SGX: 5DD / OTCMKTS: MCRNF)

    • Micro-Mechanics, a precision engineering specialist serving the semiconductor industry, posted a strong third quarter for its fiscal year ending June 2026 (3QFY2026).

  • Get Smart: Look beyond the buyback headline

🇸🇬 3 Blue Chips With The Most Aggressive Buybacks in 2026: Here’s What That Means for Their Dividends (The Smart Investor)

• Three STI heavyweights led Singapore’s 4M2026 buyback tally with a combined S$636 million. For dividend investors, the more important question is what’s funding those returns – and whether the same engine can keep the dividends flowing.

  • Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF) or Singtel: A Buyback Explicitly Separate from the Dividend Engine

    • Singtel topped the local tally with 61.2 million shares repurchased for around S$300 million.

    • The buyback sits within Singtel’s S$2 billion value realisation programme – and crucially, it is not funded by current earnings.

    • The programme is underpinned by excess capital from asset recycling proceeds.

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY): A Record Top Line under a Policy-Anchored Payout

    • OCBC came in second with 9.6 million shares repurchased for around S$209.9 million.

    • Behind that buyback sits a S$2.5 billion capital return plan that management confirmed remains on track for FY2026 completion.

  • Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF): A Transition Story with a Delayed Dividend Signal

    • Keppel rounded out the trio with 10.5 million shares bought back for around S$126.5 million.

    • The dividend question here comes with a caveat: 1Q2026 was a voluntary update, and Keppel did not disclose specific revenue, profit, total FUM or free cash flow figures.

    • Investors have to read the engine through other signals.

  • Get Smart: Three Buybacks, Three Engines, Three Dividend Timelines

🇸🇬 Data Centre Dominance: Why This REIT Is Still the 2026 “Must-Own” Asset (The Smart Investor)

• AI, cloud computing, and digital infrastructure demand continue to reshape the REIT landscape. This data centre REIT remains firmly in focus for 2026 — but can the growth story continue?

  • Why Data Centre REITs Became Market Leaders

  • Why This REIT Still Stands Out in 2026

    • Let’s take a look at NTT DC REIT (SGX: NTDU), a data centre REIT that is well-positioned to benefit from the structural growth in AI.

    • Globally, the increasing adoption of AI means significantly more computing power and storage are required, which translates to a surge in the demand for data centres.

    • Being sponsored by a leading data centre operator in Nippon Telegraph & Telephone Corp (TYO: 9432 / FRA: NLV / NTT / OTCMKTS: NTTYY / NPPXF), provides NTT DC REIT with access to a pipeline of premium data centres.

  • What Investors Should Examine Closely

  • Why the Market Keeps Paying a Premium

  • What Could Go Wrong

  • Who This REIT May Suit

  • Get Smart: The Digital Economy Still Needs Somewhere to Live

🇸🇬 The “Data Centre” Gold Mine: Keppel DC REIT vs. Digital Core REIT (The Smart Investor)

• Data centres are powering AI and cloud growth, but between Keppel DC REIT (SGX: AJBU / OTCMKTS: KPDCF) and Digital Core REIT (SGX: DCRU / OTCMKTS: DGTCF), which offers the better mix of income, scale, and long-term upside?

• In this article, we look at which REIT offers the better buy today.

  • Why Data Centres Are the New “Digital Gold”

  • Business Overview: Keppel DC REIT vs Digital Core REIT

    • Let’s now examine the differences between the two REITs.

    • KDCREIT is primarily known for its Singapore-focused data centre portfolio, with a steady presence in Japan, paired with a selective exposure in Europe.

    • Its assets are generally of high-quality, anchored by solid, blue-chip tenants.

    • On the other hand, DCRU’s operations mainly span across the US, with data centres in Canada, Europe, and Japan.

    • This American-focused REIT currently trades at US$0.50.

  • Portfolio Comparison

  • Distribution Comparison: Income vs Scale Trade-Off

  • Key Risks Investors Should Watch

  • Valuation: Which Looks More Attractive?

  • Get Smart: High-Growth Potential vs. Blue-Chip Stability

🇸🇬 Singapore REITs and Business Trusts Sector – Pseudo-Performance and Other Fees (Corporate Monitor)

🇸🇬 3 High-Quality REITs Backed by Strong Sponsors (The Smart Investor)

• In REIT investing, the quality of the sponsor can matter just as much as the properties themselves. These three Singapore REITs stand out for having strong backing, deep pipelines, and proven management support.

  • What Makes a REIT High Quality

  • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF) – The Blue-Chip Commercial REIT

    • Backed by CapitaLand Investment Limited (SGX: 9CI), or CLI, a leading global real asset manager, CICT is in an enviable position, with ready access to a portfolio of high-quality assets and redevelopment expertise.

    • CICT’s portfolio consists of high-quality assets, including Plaza Singapura (slated for asset enhancement), Raffles City, CapitaSpring, and the upcoming acquisition, Paragon.

  • Mapletree Logistics Trust (SGX: M44U / OTCMKTS: MAPGF), or MLT – The Logistics REIT

    • The sponsor of MLT is none other than Mapletree Investments Pte Ltd.

    • Other than providing MLT with a healthy pipeline of attractive logistics assets across different geographies, Mapletree Investments also helps manage the REIT’s assets.

  • Keppel DC REIT (SGX: AJBU / OTCMKTS: KPDCF), or KDCREIT — The Defensive Specialist

    • KDCREIT’s sponsor, Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF), certainly knows a thing or two about data centres.

    • As a global asset manager and operator with strong expertise in infrastructure, real estate and connectivity, Keppel has built deep data centre capabilities – managing assets across Singapore, China, Indonesia, Japan and the Netherlands through its listed REIT and private funds.

  • What Investors Should Still Watch

  • Get Smart: Great REITs Rarely Stand Alone

🇸🇬 3 Blue-Chip REITs Outpacing the STI by 8% or More in April 2026 (The Smart Investor)

• April delivered a clear divergence between Singapore’s benchmark and three of its blue-chip REITs. Here’s what the numbers say about why.

• A look at their April releases reveals three traits in common: visible operating growth, genuine pricing power, and balance-sheet discipline.

  • Frasers Logistics & Commercial Trust (SGX: BUOU / OTCMKTS: FRLOF), or FLCT

    • FLCT owns 113 logistics, industrial, business park and office properties across Australia, Germany, Singapore, the United Kingdom and the Netherlands.

    • Logistics and industrial assets account for 75.1% of the S$7.0 billion portfolio.

  • Keppel DC REIT (SGX: AJBU / OTCMKTS: KPDCF)

    • Keppel DC REIT owns 25 data centres across 10 countries with assets under management (AUM) of around S$6.3 billion as at 31 March 2026.

    • The numbers from its 1Q2026 update were, in a word, robust.

  • Frasers Centrepoint Trust (SGX: J69U / OTCMKTS: FRZCF), or FCT

    • Singapore’s largest suburban retail mall owner with nine retail malls and an office property totalling roughly 3.0 million square feet of net lettable area, FCT boasts AUM of S$8.4 billion.

  • Get Smart: Three Traits That Won April

🇸🇬 Is This Singapore Mid-Cap Stock a 10-Bagger in the Making (The Smart Investor)

• Finding a “10-bagger” is every investor’s dream. While most stocks never come close, some mid-cap companies possess the growth drivers, scalability, and market opportunities that could lead to outsized long-term returns.

  • What Makes a Stock a Potential 10-Bagger

  • Why Mid-Caps Can Be Attractive Hunting Grounds

  • Centurion Corporation Ltd (SGX: OU8), or Centurion

  • A Business with Long-Term Growth Drivers

    • Centurion operates 40 accommodation properties with 81,400 beds, spread across six countries within the migrant worker housing and student housing sectors.

    • In Singapore, the commercial worker dormitory market is supported by ongoing construction activity, including massive infrastructure projects like Tuas Port.

  • Earnings Scalability and Operating Leverage

  • Balance Sheet and Cash Flow Strength

  • Why the Market May Still Be Underestimating It

  • What Could Stop It from Becoming a 10-Bagger

  • How Investors Should Approach High-Growth Mid-Caps

  • Get Smart: The Biggest Winners Rarely Look Obvious at the Start

🇸🇬 3 Under-the-Radar Stocks Rewarding Investors This Week (The Smart Investor)

• Three SGX-listed stocks are paying dividends on the same day this week — but the stories behind each payout couldn’t be more different.

• Wee Hur Holdings Ltd (SGX: E3B / FRA: 3YM): The Dividend That’s Actually Growing

  • At first glance, Wee Hur’s dividend looks like it fell off a cliff.

  • But here’s the catch: last year’s figure was inflated by a hefty S$0.07 special dividend funded by proceeds from the group’s Fund I Purpose-Built Student Accommodation (PBSA) disposal.

• QAF Ltd (SGX: Q01): Steady Payout, But Look Under the Hood

  • QAF, the company behind household bread brand Gardenia, held its full-year dividend steady at S$0.05 per share – S$0.01 interim and S$0.04 final.

  • For income investors, that consistency is reassuring.

• United Overseas Insurance (SGX: U13 / FRA: IZB): Balance Sheet Strength, Income Under Pressure

  • United Overseas Insurance (UOI), a member of the UOB Group, is paying a final dividend of S$0.195 per share this week – bringing total FY2025 dividends to S$0.265 per share, a 15% increase from S$0.23 in FY2024.

  • That’s the good news.

• Get Smart: Read the Fine Print Behind Every Dividend

🇸🇬 3 Under-the-Radar Stocks Benefiting from EQDP (The Smart Investor)

• EQDP-appointed fund managers have quietly built positions in three SGX-listed names. Here’s what each business looks like through a dividend investor’s lens — and where the cash flow story differs from the headlines.

  • Frencken Group Ltd (SGX: E28)

    • Frencken is an integrated technology solutions provider that serves a wide range of industries, including semiconductors, medical, and industrial automation, across 18 sites worldwide.

    • For the full year of 2025 (FY2025), revenue rose 8.9% year on year (YoY) to S$865.1 million, while net profit attributable to equity holders climbed 5.4% to S$39.1 million.

  • Valuetronics Holdings (SGX: BN2 / FRA: GJ7)

    • Valuetronics is an electronics manufacturing services provider operating two segments: Industrial and Commercial Electronics (ICE) and Consumer Electronics (CE).

    • For the six months ended 30 September 2025 (1HFY2026), the group’s performance was a clear story of margin discipline and business model resilience.

  • MoneyMax Financial Services (SGX: 5WJ)

    • MoneyMax operates a well-known network of pawnbroking, secured lending, and luxury retail businesses across Singapore and Malaysia.

    • The FY2025 headline numbers are eye-catching.

  • Get Smart: Same Lens, Different Stories

🇸🇬 DBS vs OCBC vs UOB: Which Bank Offers the Best Value Today? (The Smart Investor)

• Singapore’s three major banks all offer dividends and stability, but valuation, growth, and income prospects may make one stand out more than the others today.

  • Why Singapore Banks Have Performed Strongly

  • Bank Overview: What Makes Each Different?

    • Starting with DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF), the largest bank in Southeast Asia by market capitalisation, it is renowned for its strong digital banking franchise, broad regional presence, and wealth management that is showing serious momentum.

    • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) is also trading near its all-time high, currently at S$22.90 per share.

    • Finally, UOB is prized for its strong ASEAN presence, with the bank expanding its consumer and commercial banking footprint in the region over recent years.

  • Dividend Comparison: Which Bank Pays Best?

  • Growth Potential: Which Bank Has More Upside?

  • Valuation: Which Bank Looks Cheapest Today?

  • Key Risks Investors Should Watch

  • Get Smart: Choosing the bank that fits your priorities

🇸🇬 UOB vs OCBC: Which Bank Is Better Positioned as Rates Fall? (The Smart Investor)

• UOB and OCBC’s latest earnings highlight how strategy matters as Singapore banks navigate falling interest rates and margin pressure.

• However, as the latest results from United Overseas Bank (SGX: U11 / FRA: UOB / UOB0 / OTCMKTS: UOVEY / UOVEF) and Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) show, the impact of these macro headwinds depends largely on where a bank places its bets.

  • The Margin Squeeze: A Shared Challenge

  • OCBC’s Wealth Management Triumph

  • UOB: Integration and Resilience

  • Operational Efficiency and Dividends

  • Get Smart: Diversification is King

🇸🇬 OCBC’s Q1 2026 Results on 8 May: 4 Key Developments Dividend Investors Should Watch (The Smart Investor)

• With NIM compressing and non-interest income at record highs in FY2025, here are four key developments dividend investors should watch on 8 May.

• Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY), or OCBC, is set to release its first-quarter 2026 (1Q2026) results on 8 May 2026, and fellow investors have good reason to pay attention.

  • Net interest margin: is the floor in sight?

  • Non-interest income: record or high watermark?

  • Loan growth: from 9% to mid-single digits

  • Asset quality and the capital return runway

  • Get Smart: Reading the dividend engine

🇸🇬 This Singaporean Fintech Just Hiked Its Dividend by 56%. Here’s Why. (The Smart Investor)

• iFAST Corporation Limited (SGX: AIY / FRA: 1O3 / OTCMKTS: IFSTF) kicked off 2026 with a 56.3% dividend hike, record assets under administration, and all three business engines firing.

  • A record-breaking quarter

  • Hong Kong leads the charge

  • The bank keeps delivering

  • Three catalysts to watch

  • Get Smart: The power of recurring, fee-based income

🇸🇬 The “Semiconductor Cycle”: Is It Time to Buy AEM and Venture Corp Again? (The Smart Investor)

• Semiconductor stocks are highly cyclical — as the cycle turns, investors are asking if AEM Holdings (SGX: AWX) and Venture Corporation (SGX: V03 / FRA: VEM / OTCMKTS: VEMLF) are poised for a rebound.

  • Understanding the Semiconductor Cycle

  • Where Are We in the Cycle Today?

  • Company Overview: AEM vs Venture Corp

  • The Bull Case: Why It Might Be Time to Buy

  • The Bear Case: Why Investors Should Be Cautious

  • Valuation: Are These Stocks Cheap Enough?

  • Get Smart: Aggressive Growth or Defensive Value?

🇹🇭 Berli Jucker Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏 Berli Jucker PCL (BKK: BJC / BJC-F / OTCMKTS: BLJZY) – Manufactures, distributes & services for packaging, consumer, healthcare & technical & modern retail supply chain businesses. 🏷️

🇹🇭 PTT Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 PTT Global Chemical Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 PTT Global Chemical Public Company Limited (PCHUY) Presents at Opportunity Day Quarter 1/2026 – Slideshow (Seeking Alpha)

🇹🇭 PTT Global Chemical Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Minor International Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Thoresen Thai Agencies Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Thai Airways International Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Bangkok Dusit Medical Services Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 TTW Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Bangkok Expressway and Metro Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Krungthai Card Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Banpu Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌏🇺🇸 Banpu PCL (BKK: BANPU / BANPU-R / FRA: NVAC / OTCMKTS: BAPUF) – Energy resources (coal & gas); energy generation (conventional & renewable); & energy technology (wind & solar, storage systems & energy technologies). 🇼 🏷️

🇹🇭 Osotspa Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇹🇭 Osotspa PCL (BKK: OSP / OTCMKTS: OSOPF) – Produces, markets, & distributes consumer goods. Core products are beverages & personal care + provides product manufacturing, packaging, & distribution services. 🇼 🏷️

🇹🇭 Thanachart Capital Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Thai Beverage Public Company Limited 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 CP ALL Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 True Corporation Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 Advanced Info Service Public Company Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇳 Infosys: Next Fiscal Year Is Another Low-Single-Digit Growth Year (Rating Downgrade) (Seeking Alpha)

🇮🇳 Genpact: Q1 Results Confirm Stable Growth Trends (Seeking Alpha) $ 🗃️

🇮🇳 Solar Industries: Defense Crowns a Record Year, Guidance Upgrade for FY27 (Smartkarma) $

• Solar Industries India Ltd (NSE: SOLARINDS / BOM: 532725) delivered its highest-ever revenue and profit in FY26, with defense revenue nearly doubling to INR 2,634 crore, management guiding to INR 4,500 crore in defense revenue for FY27.

• Defense and international exports now collectively command 60-70% of the revenue basket, making Solar less of a coal-cyclical play and more of a defense-tech compounder.

• With INR 18,000 crore of a total INR 21,300 crore order book sitting in defense, the earnings quality and visibility have materially improved.

🇮🇳 Shadowfax: India’s Quick Commerce Infrastructure Play (Smartkarma) $

• Shadowfax Technologies Ltd (NSE: SHADOWFAX / BOM: 544685) reported FY26 revenue of INR4,201.7 crore (nearly 2x YoY) with a net profit of INR118.8 crore, while guiding for 28-30% growth in FY27 and 6.7x scale-up in dark stores.

• India’s quick commerce boom is creating logistics infrastructure gap, and Shadowfax, already serving Blinkit and Amazon Now, is positioning as the neutral backbone, avoiding platform risk while capturing growth runway.

• With profitability proven and capex intensity moderating, the dark store pivot and pin code expansion strategy reveal company building durable logistics moat.

🇮🇳 India’s Steel Supercycle Proxy: Bharat Coking Coal, The Monopoly (Smartkarma) $

• India declared coking coal a critical mineral in January 2026 as Bharat Coking Coal Ltd (NSE: BHARATCOAL / BOM: 544678) completed its IPO, while imports climbed to 59.98 million tonnes in 2025-26.

• With 95% of steel sector coking coal demand met through imports, any supply shock/ price-spike directly compresses margins for Indian Players, which are collectively targeting 70 MTPA of additional capacity.

• BCCL’s washery expansion from 13.65 MTPA to 27 MTPA, and a government-mandated target of 40 MT of domestic washed coking coal by FY30 create a rare supply-side inflection point.

🇮🇳 Deepak Fertilisers: A Play on India’s Mining and Infrastructure Cycle (Smartkarma) $

• Deepak Fertilisers & Petro (NSE: DEEPAKFERT / BOM: 500645), an integrated chemicals and fertiliser player, saw Q3 FY26 EBITDA fall 27% YoY to INR 353 crore due to monsoon-led weakness across key segments.

• Gopalpur TAN is 91% complete and Dahej-II nitric acid is 79% complete, both INR 4,185 crore projects are targeted for Q1 FY27 commissioning.

• FY27 could be an inflection year, supported by higher TAN capacity, Asia-scale nitric acid production, and Equinor’s 15-year LNG contract improving ammonia cost economics.

🇮🇳 Amber Enterprises:Revenue Milestone Achieved, But Margins Face the Real Test (Smartkarma) $

• Amber Enterprises (NSE: AMBER / BOM: 540902), a diversified electronics and consumer durables manufacturer, crossed INR 12,000 crore revenue, with all three divisions growing despite consumer durables margin falling to 7.1%.

• Rising copper-clad laminate and gold prices, wage hikes in UP/Haryana, and PCB pass-through delays may reduce FY27 consolidated EBITDA margin by 50-100 bps.

• Electronics remains the key support, with 40% growth and 9.5-10% margins. FY27 depends on how quickly PCB price resets are completed.

🇮🇳 The Beat Ideas- Sirca Paints: A Premium Coating Company Widening Its Addressable Market (Smartkarma) $

• Sirca Paints (NSE: SIRCA / BOM: 543686), a premium wood coatings company, closed FY26 with INR 492.5 crore revenue and INR 98.9 crore EBITDA, while moving 95% of earlier imports to India.

• Domestic manufacturing can lift margins, reduce inventory cycles, and strengthen Sirca’s premium niche moat, Q1 FY27 acrylic rollout may add a fresh earnings trigger.

• Management’s 25-30% FY27 growth guidance looks achievable, supported by scale-up, geographic expansion, and Wembley-Welcome’s progress. The INR 1,000 crore FY29 target needs strong execution.

🇮🇳 Swiggy Ltd: The Boardroom Drama, Shareholders Rejected the Resolution! (Smartkarma) $

• Swiggy Ltd (NSE: SWIGGY / BOM: 544285)’s special resolution to amend its Articles of Association received only 72.36% votes in favour, failing to clear the mandatory 75% threshold under the Companies Act, 2013.

• The failed vote blocks Swiggy’s near-term path to becoming an Indian Owned and Controlled Company (IOCC) and leaves two proposed management board appointments in limbo.

• With domestic mutual funds likely tipping the balance, Swiggy’s governance overhaul faces a credibility test at a time when its stock is down over 33% from the QIP price.

🇮🇳 Sheela Foam: India’s Sleep Giant Is Waking Up (Smartkarma) $

• Sheela Foam Ltd (NSE: SFL / BOM: 540203) posted its highest-ever annual EBITDA Rs. 414 crore in FY26, Q4 PAT jumping 7x YoY to Rs. 92 crore and Board recommending 20% dividend for first time since listing

• Kurlon is no longer drag, actively contributing. Cash ROCE improved to 18%, debt is being retired at pace and 2 high-growth channels, E-commerce and U2O, scaling faster than core business.

• With 85% of the Indian mattress market still unorganized and raw material volatility the primary near-term risk, the margin-versus-growth trade-off management navigates in FY27 will define the rerating case.

🇮🇳 TruAlt Bioenergy(India’s Largest Ethanol Producer): FY27 Should Be the Payoff (Smartkarma) $

• FY26 Revenue fell 8.64% to Rs. 1,772.94 crore (standalone) as OMC allocation cuts and a court-ordered 15.62 crore-litre carry-forward left Rs. 500 crore of inventory unsold on the balance sheet.

• Revenue shortfall is a timing issue, not structural one. Once Karnataka High Court order is executed and private OMCs are honoured, TruAlt Bioenergy Ltd (NSE: TRUALT / BOM: 544545)’s run rate jumps to 5 crore litre

• FY27 brings functioning dual-feed ethanol platform and 55 crore-litre volume target. The stock’s re-rating thesis depends on how fast courts and OMCs move in Q1 FY27.

🇬🇪 Lion Finance Group PLC 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇬🇪 TBC Bank Group PLC 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇰🇿 Joint Stock Company Kaspi.kz 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇰🇿 KASPI (NASDAQ: KSPI / LON: 80TE / FRA: KKS) – Payments Platform, Marketplace Platform & Fintech Platform. 🇼

🇮🇱 Teva’s Growth Story Is No Longer Just Generic, It’s Getting Branded (Seeking Alpha) $ 🗃️

🇮🇱 Teva’s CNS Portfolio Is Growing, But Valuation Is Stretched (Seeking Alpha) $ 🗃️

🇮🇱 Tower Semiconductor: Estimates Likely Still Too Low (Seeking Alpha) $ 🗃️

🇮🇱 Tower Semiconductor: The AI Bottleneck Nobody Saw (Seeking Alpha) $ 🗃️

🇮🇱 Tower Semiconductor Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇱 Mobileye: China Strength Buoys Q1, But The ‘AI Proof’ Burden Remains (Seeking Alpha) $ 🗃️

🇹🇷 Marti Technologies, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇹🇷 Marti Technologies Inc (NYSEAMERICAN: MRT) – Mobility app for ride-hailing service (car, motorcycle & taxi drivers; delivery services; rental e-mopeds, e-bikes & e-scooters). 🇼

🇹🇷 Koç Holding A.S. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇷 Dogus Otomotiv Servis ve Ticaret A.S. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇷 Ülker Bisküvi Sanayi A.S. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Ulker Biskuvi Sanayi AS (IST: ULKER / FRA: A7G / OTCMKTS: UELKY) – biscuits, cookies, crackers & chocolates + other F&B products. 🇼

🇹🇷 Türkiye Vakiflar Bankasi Türk Anonim Ortakligi 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇷 Turkcell Iletisim Hizmetleri A.S. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇷 Ford Otomotiv Sanayi A.S. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇷 Coca-Cola Içecek Anonim Sirketi 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌍 Coca Cola Icecek (IST: CCOLA) – Production, sales & distribution of sparkling & still beverages & Coca-Cola products. 🇼

🇹🇷 Türk Telekomünikasyon Anonim Sirketi 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇹🇷🏛️ Turk Telekomunikasyon AS (IST: TTKOM) – Integrated telecom operator (mobile, broadband, data, TV & fixed voice services + convergence technologies). 🇼

🇹🇷 Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇪 Yalla Group Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇪 Yalla: The Social Status Economy Trading At A Deep Discount (Seeking Alpha)

🇯🇴 International General Insurance Holdings Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌍 Prosus: A Simple Way For U.S. Investors To Buy Assets At A Discount (Seeking Alpha) $ 🗃️

🌍 Airtel Africa Plc 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🌍 Helios Towers plc 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Pick n Pay Stores Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌍 Pick ‘n Pay (JSE: PIK / FRA: PIK) – Leading South African retailer. Stores in South Africa, Namibia, Botswana, Zambia, Swaziland & Lesotho + owns a 49% share of Zimbabwean chain TM Supermarkets. 🇼 🏷️

🇿🇦 Netcare Limited 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇿🇦 🇱🇸 🅿️ Netcare Limited (JSE: NTC / NTCP / OTCMKTS: NWKHY) – Healthcare in South Africa & Lesotho. Operates the largest private hospital, primary healthcare, emergency medical services & renal care networks. 🇼 🏷️

🇿🇦 Reunert Limited 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌐 Reunert Ltd (JSE: RLO / FRA: 6W0 / OTCMKTS: RNRTY) – Industrial goods & services (electronic engineering, ICT & applied electronics).

🇿🇦 Investec Group 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Astral Foods Limited 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Famous Brands Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌍 Famous Brands Ltd (JSE: FBR) – Africa’s leading quick-service & casual dining restaurant franchisor operating franchised, master license & Company-owned restaurants. Vertically integrated business model & supply chain consisting of Manufacturing, Logistics & Retail operations. 🇼 🏷️

🇿🇦 Harmony Gold: A Quiet Pivot The Market Is Still Pricing As The Old Mode (Seeking Alpha) $ 🗃️

🇿🇦 Harmony Gold: Cheap For A Reason (Seeking Alpha) $ 🗃️

🇿🇦 Vodacom Group Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Vodacom Group Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Lesaka Technologies, Inc. 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇿🇦 Sappi Limited 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇿 CEZ, a. s. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇪🇺🏛️ CEZ as (PSE: CEZ / WSE: CEZ / FRA: CEZ / OTCMKTS: CZAVF) – Generation, distribution, trading & sale of electricity & heat; trading & sale of natural gas; provision of comprehensive energy services from the new energy sector & coal mining. One of the 10 largest energy companies in Europe. 🇼 🏷️

🇬🇷 Public Power Corporation S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇬🇷 Hellenic Telecommunications Organization S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇬🇷 National Bank of Greece S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇭🇺 Gedeon Richter PLC 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇭🇺 Gedeon Richter (FRA: RIG2) – Manufactures 200+ drugs (original, generic & licensed products) in almost every therapeutic area. Focuses on the central nervous system, cardiovascular & gynaecological products. 🇼 🏷️

🇭🇺 OTP Bank Nyrt. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇭🇺 MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇱 Cyfrowy Polsat S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇱 Dino Polska: Growth Intact, Profitability Still Under Pressure (Seeking Alpha)

🇵🇱 KGHM Polska Miedz S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇱 Powszechny Zaklad Ubezpieczen SA 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇪🇺🏛️ PZU SA (WSE: PZU / FRA: 7PZ / FRA: 7PZ0) or Powszechny Zaklad Ubezpieczen SA – Largest financial conglomerate in Poland & Central & Eastern Europe. Life, non-life & health insurance plus banking, investment, pension & health care products. 🇼 🏷️

🇵🇱 InPost S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Arcos Dorados: Solid Q1, But Longer-Term Questions Remain (Seeking Alpha) $ 🗃️

🌎 Arcos Dorados Comparable Results Are Way Lower Than On The Surface (Seeking Alpha) $ 🗃️

🌎 Arcos Dorados Holdings Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 Arcos Dorados Holdings Inc (NYSE: ARCO) – World’s largest independent McDonald’s franchisee. Exclusive right to own, operate & grant franchises of McDonald’s restaurants in 20 Latin American & Caribbean countries & territories. 🇼 🏷️

🌎 Mercado Libre: Love And Hate (Seeking Alpha) $ 🗃️

🌎 MercadoLibre’s Margins Are Falling – And That’s Bullish (Seeking Alpha) $ 🗃️

🌎 MercadoLibre Q1: The Selloff Is A Gift (Seeking Alpha) $ 🗃️

🌎 MercadoLibre, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Mercado Libre Q1 2026: The Risks of Dominance (Expanse Stocks)

• Startup Growth at Mega-Cap Scale + Fintech is What Worries Me the Most (I Explain Why) + Evaluating What the Market Is Pricing In

• For a company operating at a $35B+ annualized revenue run rate, these are numbers you simply don’t see anywhere else. Period.

• After 29 consecutive quarters, this remains the only company in the world consistently delivering 30%+ YoY organic growth quarter after quarter. Remarkable.

🌎 MercadoLibre: Margin Pressure or Moat Expansion? (Compounding Your Wealth)

• Deep Dive into MercadoLibre (NASDAQ: MELI): Valuation, Segment Growth, Key Metrics, GMV, TPV, Profitability, Expenses, Product Launches, Financial Stability, SBC/Revenue, and Shareholder Dilution.

• MercadoLibre remains one of Latin America’s strongest compounders, with e-commerce and fintech reinforcing each other across commerce, payments, credit, logistics, and advertising. Growth is accelerating where it matters most: Mexico revenue +62% YoY, Brazil revenue +55% YoY, GMV +42% YoY, and TPV +50% YoY. At the same time, valuation has compressed to historically low levels, with Forward EV/Sales near its lows and Forward P/E below its median.

• The market is focused on margin pressure. But much of it comes from free shipping expansion, logistics investment, and credit card growth — moves that may reduce margins today while strengthening MELI’s moat tomorrow. The bigger question is whether the $14.6B credit portfolio, up 88% YoY, is creating hidden risk or building the next major profit engine. Let’s dig in.

🌎 DLocal’s Q1: Post-Earnings Weakness Looks Mispriced To Me (Seeking Alpha) $ 🗃️

🌎 DLocal Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Reassessing Tenaris: Down To Hold (Seeking Alpha) $ 🗃️

🌎 Globant: Too Early To Buy, AI Disruption Not Over (Downgrade) (Seeking Alpha) $ 🗃️

🌎 Globant S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Millicom International Cellular S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 Millicom (NASDAQ: TIGO) – Fixed & mobile, telecommunications services, cable & satellite TV, mobile financial services & local content such as music & sports in Latin America. 🇼 🏷️

🌎 Ternium S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 Ternium S.A. (NYSE: TX) 🇱🇺 – Manufactures & processes steel products (including for oil & gas) with 18 production centers in Argentina, Brazil, Colombia, United States, Guatemala & Mexico. Subs. of Argentine-Italian conglomerate Techint. 🇼 🏷️

🌎 Liberty Latin America Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Pan American Silver Corp. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Lithium Argentina: Real Production, But Still A Lot Of Uncertainty (Seeking Alpha) $ 🗃️

🇦🇷 Lithium Argentina: A Sleeping Giant Is Awakening (Seeking Alpha) $ 🗃️

🇦🇷 Lithium Argentina AG 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Grupo Financiero Galicia S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 IRSA Inversiones y Representaciones Sociedad Anónima 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Telecom Argentina S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Bioceres Crop Solutions Corp. 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Empresa Distribuidora y Comercializadora Norte Sociedad Anónima 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Central Puerto S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Cablevisión Holding S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Grupo Supervielle S.A. (SUPV) Presents at 19th Annual LatAm CEO Conference – Slideshow (Seeking Alpha)

🇦🇷 Grupo Supervielle S.A. (SUPV) Presents at UBS BB Argentina One-on-One Conference 2026 – Slideshow (Seeking Alpha)

🇦🇷 Grupo Supervielle S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Pampa Energía S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇦🇷 Adecoagro S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇦🇷 🇧🇷 🇺🇾 Adecoagro Sa (NYSE: AGRO) – Luxembourg HQ’s agro industrial company that produces & manufactures food & renewable energy. 3 segments: Farming; Sugar, Ethanol & Energy; & Land Transformation. 🏷️

🇦🇷 Corporación América Airports: Strong Q1 Earnings And A New Dividend Policy Offer Upside (Seeking Alpha) $ 🗃️

🇦🇷 Corporación América Airports S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 StoneCo: Fear Is Creating A Massive Valuation Disconnect (Seeking Alpha) $ 🗃️

🇧🇷 StoneCo Ltd. 2026 Q1 – Results – Earnings Call Presentation

🇧🇷 XP Inc. Q1: The Most Attractive Valuation In The Company’s History (Seeking Alpha) $ 🗃️

🇧🇷 XP Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 XP Inc (NASDAQ: XP) – Wealth management & other financial services (fixed income, equities, investment funds & private pension products). 🇼

🇧🇷 Patria Investments Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎🇰🇾 Patria Investments Limited (NASDAQ: PAX) – Asset management services to investors focusing on private equity, infrastructure development, co-investments, constructivist equity & real estate & credit funds. 🏷️

🇧🇷 B3 Showed What It Can Produce When Brazil Wakes Up (Seeking Alpha) $ 🗃️

🇧🇷 B3 S.A. – Brasil, Bolsa, Balcão 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Vinci Compass Will Face A Challenging Period With Lower Liquidity (Downgrade) (Seeking Alpha) $ 🗃️

🇧🇷 Vinci Compass Investments Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇧🇷 Vinci Partners Investments Ltd (NASDAQ: VINP) – Alternative investments platform. Specialized asset management, wealth management & financial advisory services to retail + institutional clients in Brazil. 🏷️

🇧🇷 BrasilAgro Faces A Risk Storm But Crop Prices Are Not Reacting (Seeking Alpha) $ 🗃️

🇧🇷 BrasilAgro – Companhia Brasileira de Propriedades Agrícolas 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Nu Holdings: Growth Remains Strong Despite The Earnings Miss (Seeking Alpha) $ 🗃️

🇧🇷 Nu Holdings: The Market Is Wrong (Again) About Nu (Seeking Alpha) $ 🗃️

🇧🇷 Nu Holdings: The Market Is Underappreciating Its Growth Potential (Seeking Alpha) $ 🗃️

🇧🇷 Nu Holdings: Market Skepticism Appears Off The Charts (Seeking Alpha) $ 🗃️

🇧🇷 Nu Holdings: The Selloff Is A Gift (Seeking Alpha) $ 🗃️

🇧🇷 Nu Q1: It Seems That Investors Forgot The Competitive Advantages Of This Bank (Seeking Alpha) $ 🗃️

🇧🇷 Nu Holdings Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Nu Holdings 1Q26: The Decision Engine Meets the Credit Cycle (Nikhs)

• Revenue, ARPAC, Mexico, and AI all advanced. The stock still wants one thing: proof that Nubank’s decision engine works when credit gets noisy.

• A year ago, the Nu Holdings (NYSE: NU) thesis was elegant. Trust would compound into engagement; engagement would compound into data; data would improve underwriting; better underwriting would expand monetization; and higher monetization, layered on a low-cost digital architecture, would create one of the rare financial platforms that could grow like a technology company while earning returns like a great bank.

• A year later, the business has largely followed that script. The stock has not.

🇧🇷 Inter Q1: This Is The Definition Of Market Irrationality (Seeking Alpha) $ 🗃️

🇧🇷 Inter & Co, Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Inter & Co, Inc. (INTR) Analyst/Investor Day – Slideshow (Seeking Alpha)

• 🇧🇷 Inter & Co Inc (BVMF: INBR32 / NASDAQ: INTR) – Holding company of Inter Group & indirectly holds all of Banco Inter’s shares.  Inter is a Super App providing financial & digital commerce services. 🏷️

🇧🇷 Light S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Petrobras: Q2 FY 2026/H2 FY 2026 Dividend Tailwinds, Maintain Buy (Seeking Alpha) $ 🗃️

🇧🇷 Petróleo Brasileiro S.A. – Petrobras 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Prio S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 MBRF Global Foods Q1: Many Challenges Ahead (Seeking Alpha) $ 🗃️

🇧🇷 Braskem: From Survival To A Turnaround Story (Seeking Alpha) $ 🗃️

🇧🇷 Braskem S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Companhia Siderúrgica Nacional 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 SLC Agrícola S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇧🇷 SLC Agricola SA (BVMF: SLCE3 / FRA: GJ9 / OTCMKTS: SLCJY) – One of the world’s largest grain & fiber producers (cotton, soybean and corn + cattle raising, integrating crop-livestock). 🇼 🏷️

🇧🇷 Syn Prop & Tech S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇧🇷 SYN prop e tech SA (BVMF: SYNE3 / OTCMKTS: SYYNY) – Real estate acquisition, lease, sales, development & operation. Shopping malls & high-end corporate buildings.

🇧🇷 Vale: Why I’m Not Buying This ~5x EBITDA Multiple Yet (Seeking Alpha) $ 🗃️

• 🌐 Vale (NYSE: VALE) – Iron Solutions & Energy Transition Materials segments. Produces & sells iron ore, iron ore pellets, nickel, copper etc + related logistic service. 🇼 🏷️

🇧🇷 Cyrela Brazil Realty S.A. Empreendimentos e Participações 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Smartfit Escola de Ginástica e Dança S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 PagSeguro Digital Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Cosan S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Companhia Paranaense de Energia – COPEL 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Companhia Paranaense de Energia – COPEL (ELPC) Presents at 19th Annual LatAm CEO Conference – Slideshow (Seeking Alpha)

🇧🇷 CI&T Inc. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Telefonica Brasil Q1: Why The Pullback Looks Overdone (Seeking Alpha) $ 🗃️

🇧🇷 Telefônica Brasil S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Equatorial S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇧🇷 Equatorial SA (BVMF: EQTL3 / OTCMKTS: EQUEY) – Electricity generation, distribution & transmission operations.

🇧🇷 Banco do Brasil S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Itaú Unibanco Holding S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Itaú Unibanco Holding S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Companhia Energética de Minas Gerais – CEMIG 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Companhia de Saneamento Básico do Estado de São Paulo – SABESP 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Embraer Q1: Not The Blowout Quarter I Expected, But Still A Buy (Seeking Alpha) $ 🗃️

🇧🇷 Embraer S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Valid Soluções S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 AXIA Energia SA 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇧🇷🅿️ AXIA Energia SA (NYSE: AXIA) – Formerly Centrais Elétricas Brasileiras SA (NYSE: EBR / EBR.B / BVMF: ELET3 / ELET5 / ELET6) or Eletrobras. Electric power holding company. Largest generation & transmission company in Brazil. 🇼

🇧🇷 Banco Bradesco S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 TOTVS S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Raia Drogasil S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Klabin S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Rumo S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Engie Brasil Energia S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Magazine Luiza S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Localiza Rent a Car S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 Minerva S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 Minerva Sa (BVMF: BEEF3) – 32 industrial units strategically located near the main export ports, domestic markets & its broad supplier base. 3 are protein processing plants. 🇼 🏷️

🇧🇷 Afya Limited 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇧🇷 TIM S.A.: Risk/Reward Unattractive At Current Valuation (Seeking Alpha)

🇧🇷 Ambev May Be Overestimated And Overvalued In 2026 (Seeking Alpha) $ 🗃️

🇧🇷 Ambev: The Rally Makes Sense, But The Easy Money Is Gone (Seeking Alpha) $ 🗃️

🇨🇱 SQM Seen Posting 58% Revenue Growth In 2026 As Lithium Prices Rebound (Seeking Alpha) $ 🗃️

🇨🇱 Banco Santander-Chile 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇱 Compañía Cervecerías Unidas S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇱 Banco de Chile 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇱 LATAM Airlines Q1 Results: I Was Skeptical, But This ~15% FCF Yield Is Too Good To Pass Up (Upgrade) (Seeking Alpha) $ 🗃️

• 🌎 LATAM Airlines Group (NYSE: LTM) – Chile based. Largest airline company in Latin America. Subs. in Brazil, Colombia, Ecuador, Paraguay & Peru. 🇼

🇨🇴 Grupo Cibest: A Look At Whether It Is Still A Buy Following Q1 2026 Earnings (Seeking Alpha) $

• 🌎🅿️ Grupo Cibest SA (NYSE: CIB / BVC: PFBCOLOM) fmr. Bancolombia – First Colombian financial institution listed on the NYSE. It provides banking products & services in Colombia, Panama, Puerto Rico, El Salvador, Bermuda & Guatemala. 🇼 🏷️

🇨🇴 Ecopetrol S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇨🇴🏛️ Ecopetrol SA (NYSE: EC) – Organized under the form of a public limited company, of the national order, linked to the Ministry of Mines & Energy. Mixed economy company of an integrated commercial nature in the oil & gas sector. 🇼 🏷️

🇨🇴 Grupo Aval Acciones y Valores S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇴 Mineros S.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇰🇾 Consolidated Water: Hawaii Delays Have Crushed Sentiment, But The Thesis Is Still Intact (Seeking Alpha) $ 🗃️

• 🇰🇾🌎 Consolidated Water Company Ltd (NASDAQ: CWCO) – Designs, builds, operates & in some cases finances seawater reverse osmosis (SWRO) desalination plants & water distribution systems in several Caribbean countries. 🏷️

🇲🇽 MXF: Resilient Peso, Stable Distribution, But Better Emerging Market Options Exist (Seeking Alpha) $ 🗃️

🇲🇽 Fresnillo: The Silver Deficit Is Cooling (Seeking Alpha) $ 🗃️

🇲🇽 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Discusses Structure and Objectives of FIBRA GAP and Its Role in Funding Mexican Airport Infrastructure – Slideshow (Seeking Alpha)

🇲🇽 Expect Grupo Televisa’s Next Leg Up From Reduced Debt, M&A, And 2026 Soccer World Cup (Seeking Alpha) $ 🗃️

🇵🇪 InRetail Perú Corp. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇪 Compañía de Minas Buenaventura S.A.A. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇵🇪 Buenaventura: Net Cash, Record Earnings, And A Discount The Market Won’t Close (Seeking Alpha)

🇵🇪 Credicorp Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌎 Credicorp (NYSE: BAP) – Universal banking, insurance & pension platform, microfinance, investment banking & wealth management. 🇼

🌐 Nebius Group (NBIS): Q1 2026 Earnings Review (MVC Investing)

• Today, Nebius Group NV (NASDAQ: NBIS) released its Q1 2026 results.

• The stock hit a new all-time high, surpassing $200 for the first time and reaching 8-bagger status from my cost basis of $25.67/share.

• More importantly, the fundamentals fully support the move. This was, once again, a remarkable quarter from this team.

• In this article, I’ll break down everything you need to know.

• Let’s dive in.

🌐 Nebius: My Best AI Infrastructure Pick Gets A Strong Buy Upgrade (Seeking Alpha) $ 🗃️

🌐 Nebius: A Superior Growth Story In Four Dimensions (Seeking Alpha) $ 🗃️

🌐 Why Nebius Remains My Highest Conviction AI Bet (Seeking Alpha) $ 🗃️

🌐 Nebius: Breaking Down Nebius’s Q1 Earnings (Seeking Alpha) $ 🗃️

🌐 Nebius: 45% Margins Don’t Justify A 16x Sales Multiple (Seeking Alpha) $ 🗃️

🌐 Nebius Group Q1 Earnings: Margin And Unearned Revenue In Focus (Seeking Alpha) $ 🗃️

🌐 Nebius: You’re Holding Into Peak Euphoria (Seeking Alpha) $ 🗃️

🌐 Nebius Has Become Fully Untethered (Seeking Alpha) $ 🗃️

🌐 Nebius: Massive AI Moat Meets A $25B CapEx Test (Seeking Alpha) $ 🗃️

🌐 Nebius Is Becoming An AI Infrastructure Giant (Seeking Alpha) $ 🗃️

🌐 Nebius: Too Hot To Handle – Structural Growth Prospects Meet Overbought Rally (Rating Downgrade) (Seeking Alpha) $ 🗃️

🌐 Nebius: Still Stealing CoreWeave’s Lunch Money (Seeking Alpha) $ 🗃️

🌐 Nebius: The AI Factory Thesis Is Becoming Visible In The Numbers (Seeking Alpha) $ 🗃️

🌐 Nebius: Firing On All Cylinders (Seeking Alpha) $ 🗃️

🌐 Nebius, Like AI, Is Evolving (Seeking Alpha) $ 🗃️

🌐 Nebius: Q1 Exemplifies Solid Execution (Seeking Alpha) $ 🗃️

🌐 Nebius Q1 Preview: The $18B Question (Seeking Alpha) $ 🗃️

🌐 Nebius: 2 Warnings From CoreWeave’s Q1 2026 Earnings (Seeking Alpha) $ 🗃️

• 🌐 Nebius Group NV (NASDAQ: NBIS) – AI-centric cloud platform built for intensive AI workloads. Sold Yandex to a consortium of Russian investors. Retains several businesses outside of Russia. 🇼 🏷️

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Note: Investing.com has a full calendar for most global stock exchanges BUT you may need an Investing.com account, then hit “Filter,” and select the countries you wish to see company earnings from. Otherwise, purple (below) are upcoming earnings for US listed international stocks (Finviz.com):

Click here for the full weekly calendar from Investing.com containing frontier and emerging market economic events or releases (my filter excludes USA, Canada, EU, Australia & NZ).

Frontier and emerging market highlights (from IFES’s Election Guide calendar):

Frontier and emerging market highlights from IPOScoop.com and Investing.com (NOTE: For the latter, you need to go to Filter and “Select All” countries to see IPOs on non-USA exchanges):

Peace Acquisition Corp. PECEU EarlyBirdCapital, 6.0M Shares, $10.00-10.00, $60.0 mil, 5/22/2026 Priced

(Incorporated in the Cayman Islands)

We are a newly organized blank check company. We intend to focus on businesses in Asia in our search for acquisition targets or candidates for an initial business combination. Our management team has a huge network in China.

Fangping Zheng, the general manager of Guoxing Capital and Dingye (Shenzhen) Financial Services, is our CEO and chairman of the board of directors.

Cathy Jiang is our CFO. She previously was the managing director of Alpha Square Group, a family office.

(Note: Peace Acquisition Corp. priced its SPAC IPO in sync with the terms in the prospectus – 6 million units at $10.00 each – to raise $60 million on Thursday night, May 21, 2026. Each unit consists of a share of stock, a redeemable warrant and one right to receive one-fifth (1/5th) of a share of stock upon the consummation of its initial business combination.)

(Background: Peace Acquisition Corp. changed the composition of its unit to include a redeemable warrant and it modified the right’s portion as the right to receive one-fifth (1/5th) of a share of stock – up from one-tenth (1/10th) of a share originally – to with a share of stock, just as before – according to an S-1/A filing on April 15, 2026. The SPAC IPO still consists of 6 million units at $10.00 each to raise $60 million. Initial Filing: Peace Acquisition Corp. disclosed its plans for its SPAC IPO in an S-1 filing on Oct. 7, 2025, with the following terms: 6 million units at $10.00 each to raise $60.0 million. Each unit consists of one share of common stock and one right to receive one-tenth of a share of common stock after the completion of an initial business combination.)

Riku Dining Group RIKU Eddid Securities USA, 5.0M Shares, $4.00-6.00, $25.0 mil, 5/26/2026 Week of

(Incorporated in the Cayman Islands)

We operate and franchise Japanese-style restaurants in Canada and Hong Kong:

In Canada – Ajisen Ramen is our franchise. We run four restaurants and we franchise nine more restaurants across Ontario.

In Hong Kong – We have seven restaurants under three franchised brands – Yakiniku Kakura, Yakiniku 802 and Ufufu Cafe.

Note: Net income and revenue are in U.S. dollars for the 12 months that ended March 31, 2025.

(Note: Riku Dining Group more than doubled its IPO’s size – to $25 million – up from $11.25 million – in an F-1/A filing on March 16, 2026: The company now plans to offer 5.0 million shares – up from 2.25 million shares previously – at a price range of $4.00 to $6.00 – the same as before – to raise $25 million, according to its March 16, 2026, F-1/A filing. Earlier today, the company withdrew its previous IPO filing. Background: Riku Dining Group disclosed the terms for its IPO in an Oct. 8, 2025, filing with the SEC: The company is offering 2.25 million shares at a price range of $4.00 to $6.00 to raise $11.25 million. Background: Riku Dining Group filed its F-1 for its IPO in September 2025 without disclosing the terms. Estimated IPO proceeds are $16 million.)

Climate change and ESG are some recent flavours of the month for most new ETFs. Nevertheless, here are some new frontier and emerging market focused ETFs:

Frontier and emerging market highlights:

Check out our emerging market ETF lists, ADR lists (updated) and closed-end fund (updated) lists (also see our site map + list update status as most ETF lists are updated).

I have changed the front page of www.emergingmarketskeptic.com to mainly consist of links to other emerging market newspapers, investment firms, newsletters, blogs, podcasts and other helpful emerging market investing resources. The top menu includes links to other resources as well as a link to a general EM investing tips / advice feed e.g. links to specific and useful articles for EM investors.

Disclaimer. The information and views contained on this website and newsletter is provided for informational purposes only and does not constitute investment advice and/or a recommendation. Your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Seek a duly licensed professional for any investment advice. I may have positions in the investments covered. This is not a recommendation to buy or sell any investment mentioned.

Emerging Market Links + The Week Ahead (May 25, 2026) was also published on our website under the Newsletter category.

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