Emerging Market Links + The Week Ahead (June 15, 2026)

Again, I hope any investor readers have recovered from Space X IPO mania to remember that the investment universe goes well beyond them, the Mag 7 and TSMC bubbles e.g. our Frontier & Emerging Market Stock Index has 3,300 stocks (2,200+ tagged) plus searching this Substack for tickers (Substack search still leaves much to be desired) will yield even more potential stock picks.

In addition to Space X mania, its also the extra long World Cup for the next few weeks which will likely impact Macau casino gaming (and no doubt other sectors) as the world focuses on that (on top of the usual summer distractions) for the next month.

Finally, I gave this post to DeepSeek (“Can you give me a brief summary or bullet points of the following that would interest investors?”) and this was the summary it came up with (different from what it produced when I experimented with it last week):

🤖🌏 Big Picture Themes for Investors

Geopolitics is a Primary Risk: The U.S. is expanding its scrutiny of Chinese companies (adding Alibaba, Baidu, BYD, Nio to a military-linked list), while China is cracking down on cross-border capital flows (ending the offshore trading loophole for apps like Tiger Brokers).

AI Hype is Creating Winners and Losers: AI-driven stock rallies in China are prompting major insider sell-offs to lock in profits. Meanwhile, demand for AI infrastructure is boosting adjacent sectors like energy storage (Hangzhou Gold Electronic Equipment surged 625% on debut).

The “Japanisation” of China’s Bond Market: Every segment of China’s bond market is now following Japan’s path of low yields, pushing investors to seek returns elsewhere (e.g., Hong Kong accounts, U.S. tech exposure via digital bets).

Korea’s Semiconductor Supercycle Faces a Pause: After a massive run, technical indicators (ADL line) are breaking down for KOSPI, and concerns are rising about data center construction delays and AI profitability. However, long-term bullishness remains.

Indonesia is an Outlier (in a bad way): Foreign investors have sold a net $3.9bn of Indonesian stocks in 2026 (largest since 1996), and the benchmark index is the world’s worst-performing this year, down 32%.

🤖🇨🇳 China-Specific Stock Picks & Research

Alibaba (BABA): New risks as Pentagon adds it to a military-linked list. However, the company is reportedly bidding $1.5 billion for online grocer Pupu to compete with Meituan, showing aggressive deal-making.

Baidu (BIDU): Also added to the Pentagon list. One analyst calls it an “AI stock with a high safety margin” despite the headline risk.

JD.com (JD): Called a “Chinese e-commerce giant still on sale.” Aggressively investing $4.5 billion into Hong Kong expansion to challenge local leaders.

Baozun (BZUN): Analyst upgrades rating, citing “turnaround milestones and cash floor offer attractive asymmetry” and positive read-throughs from insider trades.

ZTO Express (ZTO): Solid Q1 with parcel volume up 13.2% vs. industry’s 5.8%, gaining market share. Strategic focus on higher-value offerings like reverse logistics.

EHang (EH): Caution flag. Aircraft sales plunged in Q1, losses widened, and the commercial rollout of its flying taxis has stalled. Forced to pivot back to its legacy drone-show business.

Here Group (HERE): Small-cap Chinese stock that had a meteoric 2025 rally but has given back most gains in 2026. Analyst says “deeply discounted, but limited catalysts.”

WuXi AppTec: Waging a buyback campaign as U.S. political pressure mounts. The U.S. is its biggest revenue source, making it highly exposed to any new restrictions.

🤖🇭🇰 Hong Kong & Macau

Hong Kong IPO Market Reviving: UBS sees fundraising reaching $50 billion in 2026, driven by tech startups (AI, advanced manufacturing), shifting away from dual-listed companies.

Macau Gaming: June GGR started “solid,” but the expanded FIFA World Cup (48 teams, 104 matches) is expected to hit casino revenue harder than prior tournaments. Citi suggests any weakness could be a buying opportunity.

MGM China: Chairperson Pansy Ho sold her entire stake in parent MGM Resorts for $140 million, coinciding with a non-binding buyout offer for MGM Resorts.

🤖🇰🇷 Korea

SK Hynix (000660): A major focus. The company is expected to get SEC clearance for a $14 billion Nasdaq ADR listing (as early as August), which could drive significant passive inflows from U.S. ETFs like SOXX. A 3x leveraged ETP also listing on LSE.

KT&G (033780): Named a “Top Pick for 2H 2026” as a defensive stock. Foreign ownership has risen from 42.8% to 51.2% in 2026.

SNT Energy (100840): A small-cap gem. New inclusion in the Korea Value-Up Index. Trades at a P/E of 5.9x with Q1 operating profit up 77% YoY.

Korean E&C Companies: Identified as potential biggest beneficiaries of post-war reconstruction in Iran (Samsung C&T, Hyundai E&C, etc.).

🇸🇬 Singapore

Genting Singapore (G13): Shares near a 10-year low, debt-free, sitting on S$3.2 billion cash, yielding ~6.6%. The key question: can the dividend last as gaming revenue slows?

Sea Limited (SE): Analyst dives into what’s behind 46.6% growth: Shopee ads, logistics, VIP program, and Brazil becoming its most important market.

Singtel, OCBC, Keppel: The top 3 blue-chip stocks with aggressive share buybacks (S$1.26 billion in first 5 months of 2026), signaling confidence.

Micro-Mechanics (5DD): A small-cap with a 700%+ cumulative dividend return since listing. Latest results suggest the dividend story is far from over.

🤖🇮🇳 India

Reliance Industries (RELIANCE): Signed a build-to-lease agreement with Meta for a 168 MW AI data centre in Jamnagar—India’s first at this scale. Converts its land bank into a recurring, dollar-linked revenue stream.

Wockhardt (WOCKPHARMA): FDA approved Zaynich (India’s first indigenous NCE). Management says next potential blockbuster (WCK 6777) is not yet priced in by the market.

Solar Sector (Waaree Energies): New mandate (ALMM-II) requires solar projects to use domestically manufactured cells. Creates a massive moat for vertically integrated domestic players.

Zepto IPO: India’s fastest-growing quick commerce platform filed for IPO (INR 8,010 crore fresh issue). FY26 revenue doubled to INR 22,624 crore, but losses also widened.

🤖🌍 Other Notable Picks

Nebius (NBIS): AI-centric cloud platform. Multiple analyst reports (both bullish and cautious) as it navigates growth and AI capacity constraints.

Endeavour Mining (EDV): Called a “cash-return machine with a tier-one growth option” (West Africa gold producer).

Millicom (TIGO): “A rare telecom growth story with a 3% yield” in Latin America.

Venezuela Gold: An overlooked opportunity to invest in one of the world’s largest undeveloped gold deposits via Gold Reserve Ltd (CVE: GRZ) at a “rock-bottom valuation.”

$ = behind a paywall

• 🌐 Emerging Market Stock Picks (April-May 2026) Partially $

  • 🇯🇴 Jordan – Capital Bank Of Jordan

  • 🇴🇲 Oman – Oq Exploration and Production CJSC

  • 🇸🇦 Saudi Arabia – Al-Saif Stores for Development & Investment Company, Alinma Bank SJSC, Etihad Etisalat Company SJSC, The Saudi Investment Bank SJSC, Sustained Infrastructure Holding Company SJSC, Bank Albilad SJSC, Arab National Bank SJSC, Riyad Bank, Banque Saudi Fransi SJSC, Al Rajhi Bank, Saudi National Bank SJSC, Jarir Marketing Company & Almarai Company SJSC

  • 🇦🇪 United Arab Emirates (UAE) – Pure Health Holding PJSC, ADNOC Logistics & Services PLC, ADNOC Gas PLC, ADNOC Distribution PJSC, Abu Dhabi Ports Company PJSC, ADNOC Drilling Company PJSC, Agility Global PLC, NMDC Group PJSC, Abu Dhabi Commercial Bank PJSC, United Arab Bank, Commercial Bank of Dubai PSC, Emirates Integrated Telecommunications Company PJSC, Emirates NBD Bank PJSC, ADNH Catering PLC, National Bank of Ras Al Khaimah PSC & Sharjah Islamic Bank

  • 🇿🇦 South Africa – We Buy Cars Holdings, Thungela Resources, Pepkor & Spar Group, Shoprite Holdings & Vodacom Group, Libstar Holdings & IHS Towers (MTN Group), Shoprite Holdings & Sasol, Standard Bank & Harmony Gold Mining Company Limited, Naspers & Goldrush Holdings Ltd

  • The Latest JSE Analyst Recommendations

  • 🇭🇺 Hungary – DH Group Nyrt, AutoWallis PLC, Masterplast Nyrt, Any Security Printing Co PLC, Waberer’s International Nyrt, Graphisoft Park SE, ALTEO Energy Services PLC, PannErgy Nyrt & Opus Global Nyrt

  • 🇵🇱 Poland – The Catalyst market review (corporate bonds in 1Q26), NC Focus Newsletter Q1 2026 (Covers 40 Stocks), Vigo Photonics SA, ATM Grupa SA, ZE Pak SA, Action SA, Fabrity SA, Enter Air SA, XTPL SA, Atende SA, Digital Network SA, Creepy Jar SA, IMS SA, MO-BRUK J Mokrzycki SA, Synthaverse SA, Skarbiec Holding SA, Selvita SA, Bloober Team SA, Unimot SA, Cloud Technologies SA, Shoper SA, Torpol SA, Elektrotim SA, Ailleron SA, Noctiluca SA, Eurotel SA, Sonel SA, Datawalk SA, ZUE SA, Mirbud SA, 11 Bit Studios, Agora SA, VRG SA, Auto Partner SA, UNIBEP SA, Cyber_Folks SA, Vercom SA, Lubelski Wegiel Bogdanka SA, Dadelo SA, BioMaxima SA, Apator SA, Eurocash SA, Izostal SA, Sanok Rubber Company SA, PA Nova SA, Ambra SA, Medicalgorithmics SA, Artifex Mundi SA, Atal SA, Newag Sa, Makarony Polskie SA, Mostostal Zabrze SA, Creotech Instruments SA, ASBISc Enterprises Plc, VOTUM SA, Stalprofil SA, Grodno SA, Bioceltix SA, Scope Fluidics SA, Quercus TFI SA, Huuuge Inc & Atrem SA

  • 🇲🇽 Mexico & Central America – America Movil SAB de CV, Grupo Aeroportuario del Pacífico, Fibra Monterrey SAPI de CV, FIBRA Prologis,

    Fomento Economico Mexicano SAB de CV, Sigma Foods SAB de CV, La Comer SAB de CV, Arca Continental SAB de CV, Coca-Cola Femsa SAB de CV, Gentera SAB de CV, Wal-Mart de Mexico SAB de CV, Grupo Mexico, CEMEX, Grupo Aeroportuario del Sureste (ASUR), Grupo Televisa, El Puerto de Liverpool SAB de CV, Grupo Aeroportuario del Centro Norte, GCC SAB de CV & Grupo Comercial Chedraui SAB de CV

  • 🤖 DeepSeek Analysis

    1. 🏦 The Middle East: Banks & Telecoms

    2. 🛒 Latin America: Mexican Consumer & Airports

    3. 💎 Deep Value: South Africa & Eastern Europe

    💎 Summary

• 🌐 Emerging Market Stock Picks (First Half June 2026) Partially $

  • 🇮🇩 Indonesia – Bad for Banks: IDR Weakness & Higher Rates,

    Equity Strategy: Worst is Over, Japfa Comfeed Indonesia Tbk PT, Indah Kiat Pulp & Paper Tbk PT, Sarana Menara Nusantara Tbk PT, Pakuwon Jati Tbk PT, AKR Corporindo Tbk PT, Amman Mineral Internasional Tbk PT, United Tractors Tbk PT, Jasa Marga (Persero) Tbk PT, Solusi Sinergi Digital Tbk PT & Geo Energy Resources

  • 🇸🇬 Singapore – LHN Ltd, Sembcorp Industries, Oversea-Chinese Banking Corp (OCBC) / DBS Group / United Overseas Bank, Centurion Corporation Ltd, Wee Hur Holdings Ltd, CSE Global Ltd, APAC Realty Ltd, Elite UK REIT, Sanli Environmental Ltd, Pan-United Corporation Ltd, OKP Holdings Ltd, Tai Sin Electric Ltd, Food Empire Holdings Ltd, City Developments Limited, Seatrium Ltd, AEM Holdings & UI Boustead REIT

  • Singapore Broker’s Digest

  • 🇹🇭 Thailand – i-Tail Corporation PCL, SCGJWD Logistics PCL, Thai Beverage PCL, Bangkok Expressway and Metro PCL, Com7 PCL, PTT Global Chemical PCL, Siam Cement PCL & SCG Packaging PCL

  • 🇦🇪 United Arab Emirates (UAE) – Burjeel Holdings PLC

  • 🇿🇦 South Africa – Nampak Ltd, Momentum Group Ltd & Sanlam,

    Afrimat & Listed Property Stocks

  • The Latest JSE Analyst Recommendations etc

  • 🇵🇱 Poland – Lubelski Wegiel Bogdanka SA, Torpol SA, ZUE SA, Datawalk SA, Oponeo.pl SA, Action SA, 11 Bit Studios, Elektrotim SA, Arctic Paper SA, Ryvu Therapeutics SA, Creotech Instruments SA, Huuuge Inc, Sanok Rubber Company SA, Mostostal Zabrze SA, Bioton SA, Newag Sa & BioMaxima SA

  • 🇲🇽 Mexico & Central America – Fibra Monterrey SAPI de CV & FIBRA Prologis

  • 🤖 DeepSeek Summary/Analysis

• 🌐 EM Fund Stock Picks & Country Commentaries (June 14, 2026) Partially $

  • Eastern European + Balkan stocks, APAC data center trends, US financing deals for stocks involved in critical minerals, Latin American equity markets liquidity, April/May fund updates, etc.

$ = 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

🌏 How video games became a channel for political influence (FT) $ 🗃️

🇨🇳 Chinese companies rush to dismantle ‘red-chip’ structures (FT) $ 🗃️

• Beijing’s tighter scrutiny of foreign capital forces groups to rethink ownership structures behind listings boom

• Beijing-based AI unicorn Moonshot, Alibaba (NYSE: BABA)-backed autonomous driving group DeepRoute.ai and short-video app developer Kuaishou Technology (HKG: 1024 / 81024 / LON: 0A74 / OTCMKTS: KUASF / KSHTY)’s AI unit Kling are also considering reincorporating in China.

• Red-chip structures entail setting up a company outside mainland China, often in a tax haven such as the British Virgin Islands or Cayman Islands, to own the Chinese operating entity.

🇨🇳 Chinese investors turn to digital bets for exposure to US tech IPOs (FT) $ 🗃️

🇨🇳 Chinese investors rush to open Hong Kong accounts amid Beijing crackdown (FT) $ 🗃️

🇨🇳 In Depth: China Slams Door on Multibillion-Dollar Offshore Trading Loophole (Caixin) $

• For more than a decade, millions of investors on the Chinese mainland have sidestepped the country’s strict capital controls by using slick internet brokerage apps to trade U.S. and Hong Kong stocks. That multibillion-dollar grey market is now facing eradication.

• On May 22, the China Securities Regulatory Commission (CSRC), alongside seven other government ministries, launched a sweeping two-year campaign to wipe out illegal cross-border securities operations. In a coordinated move, Hong Kong regulators updated rules for mainland clients opening accounts in the city, sealing off the grey channels used for cross-border stock trading.

🇨🇳 Chinese ‘Easter Eggs’ fall back to earth after wild year on Wall Street (Bamboo Works)

• Shares of Here Group Ltd (NASDAQ: HERE), Zepp Health Corp (NYSE: ZEPP), Burning Rock Biotech Ltd (NASDAQ: BNR) and So-Young International Inc (NASDAQ: SY) all posted meteoric gains last year, but have given most of that back in 2026

• A group of small- and midcap U.S.-traded Chinese companies that briefly notched sharp rallies over the last year have given back most or all of the gains

• Investors may have been lured to the shares on belief they were undervalued, though their rise and fall also comes as the U.S. cracks down on suspected stock manipulation

🇨🇳 Every slice of China’s bond market has now succumbed to Japanisation (FT) $ 🗃️

🇨🇳 Chinese Tech Insiders Cash Out After AI Stock Rally (Caixin) $

• A wave of share-sale plans is sweeping across Chinese technology companies listed on the A-share market, as executives and major institutional investors move to lock in gains after a sharp AI-driven rally.

• Since May, executives and major shareholders at dozens of A-share tech companies have announced plans to offload their holdings to lock in profits. Net weekly share reductions in the sector jumped to roughly 12 billion yuan ($1.8 billion) in May, up from 8 billion yuan in April, according to Huatai Securities.

Pentagon Adds Alibaba, Baidu, BYD and Nio to Chinese Military-Linked List (Caixin) $

• The U.S. Department of Defense has added Chinese tech giants Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU), along with top electric vehicle makers BYD Company (SHE: 002594 / HKG: 1211 / SGX: HYDD / OTCMKTS: BYDDY / BYDDF) and NIO Inc (NYSE: NIO), to a restricted list of companies allegedly linked to Beijing’s military.

• While the designation stops short of severe export controls and primarily bans the firms from receiving Pentagon contracts, the move underscores Washington’s widening dragnet to scrutinize Chinese industries, posing reputational risks and increased compliance burdens for global partners.

🇨🇳 Baidu: AI Stock With A High Safety Margin (Seeking Alpha) $ 🗃️

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

🇨🇳 Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid (Bamboo Works)

• Alibaba (NYSE: BABA) is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder

• Alibaba is reportedly bidding $1.5 billion for Pupu, the dominant online grocer in South China’s affluent Fujian province

• The bid is more than double the $717 million Meituan (HKG: 3690 / 83690 / SGX: HMTD / FRA: 9MD / OTCMKTS: MPNGF / MPNGY) is paying for national online grocer Dingdong, as competition for assets heats up in China’s instant commerce wars

🇨🇳 JD.com: This Chinese E-Commerce Giant Is Still On Sale (Seeking Alpha) $ 🗃️

🇨🇳 JD.com pours $4.5 billion into Hong Kong. But when will it recoup that money? (Bamboo Works)

• The e-commerce giant has expanded aggressively in Hong Kong over the last year, acquiring commercial buildings, a supermarket chain and establishing an extensive logistics network

• JD.com (NASDAQ: JD / SGX: HJDD) has been expanding aggressively into Hong Kong, with plans to open multiple signature JD Malls in the city over the next three years

• The e-commerce giant’s Hong Kong expansion will directly challenge longtime local leaders like ParkNShop, Fortress and Watsons

🇮🇳 ZTO Express: Initiation Of Coverage (Smartkarma) $

• ZTO Express (NYSE: ZTO) reported solid operational and financial performance in the first quarter of 2026 amid a moderately improving macroeconomic environment and continued recovery in China’s express delivery industry.

• Parcel volume grew by 13.2% year-over-year to 9.67 billion shipments, notably outpacing the industry’s 5.8% growth, and expanding its market share by 1.2 percentage points.

• This volume growth was accompanied by a significant 65% increase in retail parcel volume, reflecting progress in product mix optimization and a strategic focus on higher-value offerings such as reverse logistics.

🇨🇳 Baozun: Turnaround Milestones And Cash Floor Offer Attractive Asymmetry (Rating Upgrade) (Seeking Alpha) $ 🗃️

🇨🇳 Baozun: Positive Read-Throughs From Insider Trades (Seeking Alpha) $ 🗃️

🇨🇳 Zhihu: Has Much Potential Yet To Be Unlocked (Seeking Alpha) $ 🗃️

🇨🇳 Zhihu: Trapped Between Structural Erosion And Fundamental Pivots (Seeking Alpha) $ 🗃️

🇨🇳 Hello Group: Domestic Headwinds Continue To Stifle Momentum Post Q1 Earnings (Seeking Alpha) $ 🗃️

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

🇨🇳 DouYu: Could Be Gathering Itself For A Move Higher (Seeking Alpha) $ 🗃️

🇨🇳 Weibo: Structural Erosion Vs. The Dividend Buffer (Seeking Alpha) $ 🗃️

• 🇨🇳 Weibo Corp (NASDAQ: WB) – Social media for people to create, share & discover content online. 🇼 🏷️

🇨🇳 Lenovo: Why Investors Should Buy The Stock After A Blowout Q4 Report (Seeking Alpha) $ 🗃️

• 🌐 Lenovo Group (HKG: 0992 / FRA: LHL / LHL1 / OTCMKTS: LNVGY / LNVGF) 🇭🇰 – Designing, manufacturing & marketing consumer electronics, PCs, software, servers, converged & hyperconverged infrastructure solutions, etc. 🇼 🏷️

🇨🇳 SG Micro H Share Listing: The Investment Case (Smartkarma) $

• SG Micro Corp (SHE: 300661), a leading analog IC company in China, is pre-marketing an H-Share listing to raise US$600-800 million.

• SG Micro ranked first among domestic companies and eighth among global companies in the China analog IC market as measured by revenue in 2025.

• The investment case is bullish due to the strong growth, stable margins, cash generation and a net cash position. However, the A-share valuation is punchy relative to peers.

🇨🇳 AI Power Demand Sends Energy Storage Supplier Up 625% in Shenzhen Debut (Caixin) $

• Shares of energy-storage system maker Hangzhou Gold Electronic Equipment Co Ltd (SHE: 301669) surged 624.6% in their debut on the Shenzhen Stock Exchange’s ChiNext board Tuesday, as investor enthusiasm for artificial-intelligence data centers spilled into the power-storage supply chain.

• The blockbuster listing underscores how the global buildout of AI infrastructure is accelerating demand for energy-storage equipment, prompting manufacturers to turn to capital markets to fund expansion.

🇨🇳 Unsated by Hong Kong listing, Knowledge Atlas seeks more funds in Shanghai (Bamboo Works)

• Just five months after its Hong Kong IPO, the capital-hungry AI large model company has launched a plan to list on Shanghai’s Nasdaq-style STAR market

• Knowledge Atlas Technology JSC Ltd (HKG: 2513) plans to raise up to 15 billion yuan through a listing on Shanghai’s STAR Market, more than double what it raised in its Hong Kong IPO earlier this year

• The AI company’s Hong Kong-traded shares rose more than 10-fold at one point after their debut at the start of this year

🇨🇳 Longsys rides soaring memory wave to Hong Kong IPO (Bamboo Works)

• The company has launched a new attempt to list in Hong Kong, banking on spiking prices that have made memory chip companies the latest investor darling

• Shenzhen Longsys Electronics Co Ltd (SHE: 301308) has applied to list in Hong Kong, reporting its profit surged nearly sevenfold last year to nearly 1.5 billion yuan

• The memory product maker’s short-term bank liabilities reached 6.1 billion yuan last year, nearly double the level from 2023

🇨🇳 Anker swims beyond its signature chargers with ‘shallow sea’ approach (Bamboo Works)

• Known globally for its power banks, the company wants to be valued as a multi-category hardware maker as it files for a Hong Kong IPO

• Anker Innovations Technology Co Ltd (SHE: 300866) has filed for a Hong Kong listing, seeking to add an offshore fundraising channel to its existing listing on Shenzhen’s ChiNext board

• The power bank maker’s revenue and profit are growing, but weakening cash flow, Amazon dependence and big bets on energy storage and AI audio complicate its story

🇨🇳 Can GLB open up new routes beyond the Geely orbit? (Bamboo Works)

• The provider of automotive electronics and power systems has hitched a ride on the success of its main customer, but runs the risk of overreliance

• GLB is looking to list in Hong Kong, joining a growing number of firms in the EV supply chain to seek independent financing

• But nearly 90% of GLB revenue last year came from Geely Automobile Holdings (HKG: 0175 / FRA: GRU / OTCMKTS: GELYY / GELYF)-related groups

🇨🇳 EHang: Short-Term Underperformance Likely Does Not Matter For The Company (Seeking Alpha) $ 🗃️

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

🇨🇳 EHang Aircraft Sales Plunge as eVTOL Commercial Rollout Stalls (Caixin) $

• Shares of Chinese flying car leader EHang Holdings (NASDAQ: EH) plunged after the company reported a sharp drop in first-quarter aircraft sales and widened losses, forcing a pivot back to its legacy drone-show business to fund delayed commercial flights.

• The financial strain on the manufacturer, whose stock has shed more than half its value this year, highlights the formidable commercialization hurdles facing the nascent global air-taxi industry even after clearing major regulatory milestones.

🇨🇳 DiDi Global: Domestic Cash Cow Funds Global Expansion; Reiterate Bullish View (Seeking Alpha) $ 🗃️

🇨🇳 Niu Technologies: Strong Revenue Growth Should Eventually Push It Higher (Seeking Alpha) $ 🗃️

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

🇨🇳 BYD Is No Longer A China Story (Seeking Alpha) $ 🗃️

🇨🇳 Declawed in China, UP Fintech faces challenges in global marketplace (Bamboo Works)

• The Tiger Brokers operator has been forced to leave its original home market, but numbers show its global expansion isn’t strong enough yet to carry the business

• Legacy Mainland China clients still accounted for more than 20% of UP Fintech Holding (NASDAQ: TIGR)’s first quarter revenue, despite years of efforts to expand internationally

• Now based in Singapore after relocating from its original home in Beijing, the online brokerage faces a key challenge in appealing to clients with no Chinese ties

🇨🇳 China’s Top Financial Regulator Targets Small-Bank Risks, Property Funding and Local Debt (Caixin) $

• China’s top financial regulator has pledged to accelerate the overhaul of struggling local banks and prevent sudden institutional collapses, signaling a continued crackdown on financial risks under its newly appointed leadership.

• The National Financial Regulatory Administration outlined its immediate priorities at a committee meeting this week, the first since Ding Xiangqun took over as the agency’s party chief, emphasizing the dual goals of containing risks and promoting structural development.

🇨🇳 Atour Lifestyle: Smarter Strategy, Better Sleep, Attractive Upside (Seeking Alpha) $ 🗃️

🇨🇳 H World Group: Initiation of Coverage- Could China’s Hotel Recovery Be the Secret Catalyst Behind Its Asset-Light Growth Engine? (Smartkarma) $

• H World Group (NASDAQ: HTHT) reported its first quarter 2026 results reflecting a continuation of recovery and growth in the hospitality industry, particularly in China’s domestic market.

• The company highlighted sustained domestic travel momentum, enabled by supportive government policies such as extended spring breaks, which helped balance passenger flows across peak and off-peak periods.

• Concurrently, inbound tourism benefited from expanded visa-free policies, contributing to the demand environment.

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

🇨🇳 Luckin Coffee: Upgrading To Hold, Improving Competitive Dynamic, But Structural Headwinds Persist (Seeking Alpha) $ 🗃️

🇨🇳 Here Group: Deeply Discounted, But Limited Catalysts (Seeking Alpha) $ 🗃️

🇨🇳 WuXi AppTec wages buyback campaign as U.S. pressure mounts (Bamboo Works)

• The drug services provider has been battling to shore up its share price and suffered a sharp sell-off after being added to a U.S. list of firms with suspected military links

• Pharmaceutical firms hit by weakening Hong Kong valuations have been increasingly launching buyback programs to bolster investor confidence

• WuXi AppTec Co (SHA: 603259 / HKG: 2359 / OTCMKTS: WUXAY) is particularly exposed to any tightening of restrictions in the U.S. market, which is its biggest source of revenue

🇨🇳 DSC Holdings (DSC): Peeking at the IPO Prospectus of a China, AI App for Used Car Dealers Company (Smartkarma) $

• China-Based DSC Holdings (DSC US) is a leading AI-driven operating system for used car dealers, reportedly capturing over 90% share of dealer management systems and embedding deeply across workflows.

• The company complements its digital platform with integrated transaction services spanning sourcing, inspection, logistics, and sales, creating a high-frequency, data-rich ecosystem.

• Filed for IPO on May 26, 2026 with Deutsche Bank, CICC, CR Global Markets, and ICBC International, DSC operates in China’s large, fast-growing used-car market.

🇭🇰 UBS Sees Hong Kong IPO Fundraising Reaching $50 Billion in 2026 on Tech Surge (Caixin) $

• Technology startups have become the dominant force in Hong Kong’s initial public offering market in 2026, marking a sharp shift from 2025, when listings were led mainly by dual-listed companies.

• The revival of technology listings — particularly in artificial intelligence and advanced manufacturing — underscores Hong Kong’s effort to reclaim its role as a key gateway for international capital, as its IPO investor base becomes less reliant on U.S. buyers.

🇭🇰 Chow Tai Fook Jewellery Group Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha) $

🇲🇴 Macau may see circa 10pct y-o-y growth in visitor numbers during summer break: MGTO boss (GGRAsia)

• Macau could report about 10-percent year-on-year growth in visitor arrivals during this year’s “summer holiday” season, according to Macao Government Tourism Office (MGTO) director, Maria Helena de Senna Fernandes.

• Speaking on Sunday, Ms Senna Fernandes said she was hopeful the growth momentum seen in the first four months of 2026 would continue into the summer holiday period, traditionally a peak season for the local tourism industry, according to the Chinese-language radio service of public broadcaster TDM.

• Macau recorded an aggregate of nearly 14.66 million visitor arrivals in the January to April period, an increase of 13.1 percent from a year earlier, showed data from Statistics and Census Service.

🇲🇴 Macau gaming tax revenue tops US$5.27bln in first 5 months of 2026 (GGRAsia)

• The Macau government collected just over MOP7.65 billion (US$1.12 billion) in fiscal revenue from gaming in May, according to the latest data released by the city’s Financial Services Bureau.

• The figure was down 15.7 percent from the MOP9.07 billion logged in April, the data showed.

🇲🇴 2Q show tally dips 42.5pct y-o-y across Galaxy, Sands’ Cotai venues, with ‘mini-residencies’ down (GGRAsia)

• Big-event specialists Sands China (HKG: 1928 / FRA: 599A / OTCMKTS: SCHYY / OTCMKTS: SCHYF) and Galaxy Entertainment (HKG: 0027 / OTCMKTS: GXYEF) have so far seen an aggregate 42.5 percent year-on-year fall in their second-quarter 2026 Cotai concert and show bookings in Macau. That is according to checks by GGRAsia. Sands China was the bigger contributor to the decline.

• The analysis covers show sessions hosted at the performance venues operated by Galaxy Entertainment, including its circa 16,000-capacity Galaxy Arena at Galaxy Macau, and those by Sands China, including its circa 14,000-capacity Venetian Arena at The Venetian Macao. Given the lead times on staging large shows, the second-quarter 2026 figures might not change by June-end.

🇲🇴 Macau June GGR start ‘solid’, but high-base effect, World Cup may weigh on full-month result: UBS (GGRAsia)

• Macau’s casino gross gaming revenue (GGR) performance during the first week of June was “solid”, though a high comparison base and the upcoming FIFA World Cup are likely to result in a “mild” year-on-year decline in GGR during both June and July, according to a note from banking institution UBS.

• Macau’s daily average GGR was circa MOP700 million (US$86.7 million) during the first seven days of June, “flat” year-on-year, noted UBS, citing its own channel checks.

🇲🇴 Expanded World Cup to hit Macau casino revenue more than prior tournaments: Citi (GGRAsia)

• Macau’s casino industry is likely to experience a temporary slowdown in gross gaming revenue (GGR) during the FIFA World Cup 2026, but the weakness could create a buying opportunity for investors among the city’s gaming stocks, according to a recent note from Citigroup.

• The institution said historical analysis suggests major international football tournaments tend to divert part of Macau players’ betting budgets towards sports-related events.

• With this year’s World Cup running from today (Thursday, June 11) to July 19 and featuring an expanded format of 48 teams and 104 matches, Citi believes this tournament’s impact could be more pronounced than those of previous editions.

🇲🇴 MGM China’s Pansy Ho disposes of her entire stake in parent MGM Resorts, grosses US$140mln (GGRAsia)

• Pansy Ho Chiu King, chairperson and a substantial shareholder of Macau casino operator MGM China Holdings Ltd (HKG: 2282 / FRA: M04 / OTCMKTS: MCHVF / MCHVY), has disposed of her entire stake in the company’s United States-based parent, MGM Resorts International (NYSE: MGM), according to public records.

• MGM Resorts confirmed on June 1 that it had received a non-binding cash offer that day from People Inc, a media and Internet conglomerate, to acquire all of the outstanding shares of MGM Resorts that it does not already own, for US$48.30 per share in cash. As of that date, People Inc owned 26.1 percent of the outstanding common stock of MGM Resorts.

• The offer is said to value MGM Resorts at more than US$18 billion, including circa US$6.40 billion in net debt.

🇲🇴 Melco Resorts extends US$1.9bln credit facility to 2031, adds incremental tranche (GGRAsia)

• Global casino operator Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) announced on Tuesday it had extended the maturity of its existing HKD15.24-billion (US$1.94-billion) revolving credit facility by four years.

• The Nasdaq-listed casino firm said the maturity date of its 2020 credit facilities had been extended from April 29, 2027, to June 9, 2031, under a third amended and restated facility agreement signed on Tuesday.

• In April, Melco Resorts said it had cash and bank balances of US$1.07 billion as of March 31, against total debt of US$6.67 billion. The company stated it had available liquidity of about US$2.36 billion and capital expenditure of US$73.6 million during the first quarter this year, mainly tied to enhancement projects in Macau.

• At the same time, Melco Resorts said it would pay US$375.0 million for the “Melco” and other related trademarks.

🇹🇼 Taiwan Tech Weekly: Chips Rebound After Record Selloff; Rotation Out of Servers Into Semi Equipment (Smartkarma) $

• Taiwan and US chips rebounded from the prior week’s record selloff, but unevenly: semiconductor-equipment makers led while the server assemblers that led the prior leg fell.

• With Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE: TSM)‘s 3nm and packaging lines full, Google moved to split its next AI chips across Intel, Samsung, Marvell, Broadcom, and Mediatek.

• Memory stayed tight: SK Hynix (KRX: 000660) will triple capacity by 2034, NVIDIA trimmed its Vera Rubin specs to fit supply, and Taiwan’s listed firms posted a record revenure growth in May.

🇹🇼 ASE Technology: Capitalizing On Growth Trends In Semiconductors (Seeking Alpha) $ 🗃️

🇹🇼 Hon Hai: Promising Short-To-Medium Term Prospects (Seeking Alpha) $ 🗃️

🇹🇼 United Microelectronics Q1: Better Risk Profile Than AI Pure-Plays (Seeking Alpha) $ 🗃️

🇰🇷 Highlights of the Korea Value-Up Index Rebalance on 12 June (Douglas Research Insights) $

• Korea Value-Up Index will be rebalanced on 12 June. Korea Value Up index is up 234% in the past one year, outperforming KOSPI (up 184%) and KOSDAQ (up 27%).

• However, Korea Value Up index has slightly underperformed KOSPI 200 index which is up 238% in the same period.

• AUMs of the 13 major ETFs that track the Korea Value Up index rose to 4.0 trillion won as of 9 June 2026 (up 217% from beginning of year).

🇰🇷 Local Semis Rebalance (Tue/Wed): Trade Setup (Smartkarma) $

• Using FnGuide June float, adds are SK Square (KRX: 402340), Isu Petasys Co Ltd (KRX: 007660) (FICS semis reclass), Fadu (KOSDAQ: 440110) (MKF500 eligibility), and Jeju Semiconductor Corp (KOSDAQ: 080220).

• PSK Inc (KOSDAQ: 319660) and Doosan Tesna Inc (KOSDAQ: 131970) miss the buffer cutoff, Soulbrain (KOSDAQ: 357780) and TCK stay in top 24, while S&S Tech Corp (KOSDAQ: 101490), Lake Materials Co Ltd (KOSDAQ: 281740), YCChem Co Ltd (KOSDAQ: 112290), and LX Semicon Co Ltd (KRX: 108320) are deleted.

• Square and Isu add passive inflow, small caps face outflows, Samsung Electro-Mechanics Co Ltd (KRX: 009150) cap reversion drives sell flow, deletions see concentrated impact, Tuesday peak volatility.

🇰🇷 ADL Breadth Technical Starting to Break Down for KOSPI + RIA Accounts Surpasses 4 Trillion Won (Douglas Research Insights) $

• Concerns about delays in data center construction, lack of profitability at OpenAI, increasing competition, and mega IPOs are all causing concerns about whether KOSPI’s super bull run could continue.

• Important technical (such as KOSPI’s ADL line) is also starting to break down.

• All in all, the overall risk profile of the Korean stock market (especially among the major tech stocks) have risen materially higher now as compared to 6-12 months ago.

🇰🇷 Paradise City and Jeju Dream Tower gaining from S.Korea’s tourism rebound: Shinhan Securities (GGRAsia)

• Brokerage Shinhan Securities Co Ltd says South Korea’s foreigner-only casino sector continues this year to benefit from a strong recovery for inbound tourism to that country.

• Shinhan mentions as evidence, some “record” figures in May at Paradise City (pictured in a file photo), an Incheon casino resort run by Paradise Co Ltd (KOSDAQ: 034230), and at Jeju Dream Tower, run by Lotte Tour Development (KRX: 032350), on the holiday island of Jeju.

• In May, “Paradise set… all-time records for drop amount and revenue,” said the brokerage, referring to Paradise City.

• The brokerage added that Paradise Co could benefit from any expansion of South Korea’s visa-free entry scheme for Chinese visitors, and further growth – in the second half of 2026 – in foreign tourist arrivals to the southern port city of Busan, where it has a casino hotel.

🇰🇷 Korean Semiconductor Top 50: Which Names Can Beat Samsung and SK Hynix Over the Next Two Months? (Korea Invest Insights)

• A proprietary Thesis OS screen combining 1,137 Naver ETF constituent scans and local investor-flow data to identify Korean semiconductor second-line equipment, substrate, inspection and AI storage candidates that could outperform…

🇰🇷 Large Korean E&C Companies: Biggest Beneficiaries of End of War in Iran (Reconstruction)

🇰🇷 Korea Small Cap Gem #63: SNT Energy (Douglas Research Insights) $

• SNT Energy Co Ltd (KRX: 100840) provides critical heat exchange, thermal management, and environmental emissions control systems. SNT Energy is one of the new inclusions for the Korea Value Up-Index in June.

• SNT Energy is trading at attractive valuations. It is trading at P/E of 5.9x, P/B of 1.6x, and EV/EBITDA of 4.0x based on recent prices and TTM financials.

• The company had excellent results in 1Q 2026. It had sales of 123.6 billion won (up 7.2% YoY) and operating profit of 22.8 billion won (up 77% YoY).

🇰🇷 KT&G – A Top Pick for 2H 2026 (Douglas Research Insights) $

• KT&G Corp (KRX: 033780) or Korea Tobacco & Ginseng Corporation is a top pick in the Korean stock market in 2H 2026. KT&G is well poised to outperform the market in the next 6-24 months.

• As of 10 June 2026, foreign investors owned 51.2% stake in KT&G, up from 42.8% at end of 2025. Blackrock and Capital increased their stakes in KT&G in 2026.

• KT&G is one of the most rock solid, defensive stocks in Korea. If the Korean stock market declines, there is a likely probability that KT&G could outperform.

🇰🇷 Shinsegae Group to Acquire Entire Remaining Stake in SSG.com for 1.3 Trillion Won (Douglas Research Insights) $

• On 11 June, it was reported that the Shinsegae Group plans to acquire entire remaining stake in SSG.com held by financial investors (Olympus No 1 Co.) for 1.3 trillion won.

• I am turning Negative on Shinsegae. There are three major reasons. First, I think valuations are unattractive. Second, I think the company is overpaying for the remaining stake in SSG.com.

• Third, although the company has been one of the beneficiaries of the stock market wealth effect in the past year, the sustainability of continued booming stock market remains suspect.

🇰🇷 Hanwha Solutions: Better to Sell Its Stake in Korea Zinc Than Conduct a Large Capital Raise (Douglas Research Insights) $

• It would be better for Hanwha Solutions (KRX: 009830 / 009835) to sell its stake in Korea Zinc (KRX: 010130) than to complete a large rights offering (now estimated to be 1.5 trillion won).

• At this point, Hanwha Solutions is highly UNLIKELY to sell its stake in Korea Zinc any time soon but rather is proceeding ahead with its rights offering.

• Hanwha Solutions’ indirect stakes (through subsidiaries) in Korea Zinc is worth 1.7 trillion won.

🇰🇷 3X Single Stock Leveraged Products on Samsung Electronics and SK Hynix to List on the LSE (Douglas Research Insights) $

• LeverageShares, a leveraged ETP operator, will list the Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) 3x leveraged ETP (SMG3/3SMG) and the SK Hynix (KRX: 000660) 3x leveraged ETP (HNX3/3HNX) on the London Stock Exchange on 12 June.

• Because major stock exchanges in Korea and the U.S. do not allow 3x single stock leveraged products, there could be a healthy demand for these 3x leveraged products on LSE.

• AUM of the 2x single stock leveraged ETF products for Samsung Electronics and SK Hynix increased by 87% from 27 May to 9.8 trillion won on 12 June.

🇰🇷 SK Hynix (000660 KS) Tactical Outlook Ahead of Nasdaq ADR Listing SEC Clearance (Smartkarma) $

• SK Hynix (KRX: 000660) rally has paused since the end of May. This insight evaluates tactical scenarios ahead of the Nasdaq ADR listing.

• Institutional flows will react to anticipated SEC clearance for a $14B Nasdaq ADR listing, expected by the week of June 22, driving structural positioning ahead of launch.

• Overall the long-term picture remains highly bullish but there could be some short-term turbulence/volatility. We see this as an opportunity to position at discounted price.

🇰🇷 SK Hynix: To Complete an ADR Listing on NASDAQ in August? (Douglas Research Insights) $

• Reuters reported that SK Hynix (KRX: 000660) is likely to list its ADR shares on NASDAQ as early as August. Passive flows on the SK Hynix ADR listing on NASDAQ are significant.

• If SK Hynix decides to raise $15 billion or more from the ADR listing, it is reasonable to estimate iShares Semiconductor ETF (SOXX) to contribute $1.5 billion or more.

• I think there could be enough demand from the large passive investors in the U.S. to contribute to nearly half or more of the total ADR issuance by SK Hynix.

🇰🇭 NagaCorp seeks shareholder approval for 10-year share option scheme (GGRAsia)

• Cambodian casino operator NagaCorp (HKG: 3918 / FRA: N9J / OTCMKTS: NGCRF) is seeking shareholder approval for a new share option scheme that would allow the company to grant equity-based incentives to directors and employees over the next decade.

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

• According to a Wednesday filing, the proposed scheme is due to be adopted at the firm’s annual general meeting scheduled for June 25.

🇮🇩 Foreign investors sell Indonesia as Prabowo faces backlash (FT) $ 🗃️

• Rising oil prices compound concern about President Prabowo Subianto’s economic vision

• Foreigners have sold a net $3.9bn worth of stocks this year, the largest sell-off since at least 1996, according to an FT analysis of exchange data. That has contributed to a 32 per cent slump in Indonesia’s benchmark stock index — which is the world’s worst-performing equity market this year.

🇲🇾 Genting Bhd not ‘privatising’ its global gaming unit Genting Malaysia: report (GGRAsia)

• Gaming and plantations conglomerate Genting Berhad (KLSE: GENTING / OTCMKTS: GEBHY) is not “privatising” its global gaming unit Genting Malaysia (KLSE: GENM OTCMKTS: GMALY / GMALF), said the parent’s chief executive and president Tan Kong Han, as reported by local Chinese-language news provider Sinchew Daily.

• The media outlet cited remarks from Genting Bhd’s CEO, addressing shareholder queries during the group’s Thursday annual general meeting (AGM).

• Mr Tan was cited saying it was “fortunate” that Genting Bhd had already increased its stake in Genting Malaysia. The parent’s holding nonetheless remains below a 75 percent threshold that would be required to take the unit private. Both companies are listed on Bursa Malaysia.

• To delist or privatise Genting Malaysia had been mentioned as options for the parent in the context of its circa US$1.59-billion conditional voluntary takeover offer in October 2025.

🇵🇭 PLDT: Post-Recovery Correction May Take A Long Distance, But Opportunities Are There (Seeking Alpha) $ 🗃️

🇵🇭 RGB enters Philippine online B2B segment, stays bullish on Asia land-based business (GGRAsia)

• Malaysia-listed gaming equipment supplier RGB International Bhd (KLSE: RGB) has a unit stepping into the online gaming space in the Philippines as an accredited business-to-business (B2B) gaming content provider – a fresh path for the company.

• That is according to Chuah Hui Jing (pictured), an executive director at RGB, in an interview with GGRAsia at the recent Global Gaming Expo (G2E) Asia casino trade show and conference in Macau.

• RGB Ltd (Philippine Branch) is listed – on a May 28 document of the country’s gaming regulator, the Philippine Amusement and Gaming Corp (Pagcor) – as a gaming content affiliate for that nation’s online sector, across seven content channels, including electronic casino games.

🇵🇭 International Ent to launch Philippine online gaming ops in partnership with DigiPlus unit (GGRAsia)

• Casino investor International Entertainment Corporation (HKG: 1009) says it has a formal agreement to enter the Philippine online gaming sector through a cooperation deal with a unit of Philippines-licensed online gaming operator DigiPlus Interactive (PSE: PLUS).

• International Entertainment is the controller of a Manila Bay, Philippines, casino hotel with a provisional gaming licence from the Philippine Amusement and Gaming Corp (Pagcor).

🇸🇬 Singapore REITs & Business Trust Sector – An Analysis of the Issuance of Units to Pay for Managers’ Fees (Corporate Monitor)

🇸🇬 Sea: Many Positive Offsets For The Shopee Profitability Problem (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). 🇼 🏷️

🇸🇬 What’s Behind Sea Limited’s 46.6% Growth? Shopee Ads, Logistics, VIP, and Brazil (Contrarian Perspectives)

• Sea Limited (NYSE: SE) Q1 2026 Earnings Review

• You can also check out my first two articles on Sea Limited: What’s Shopee Strategy in 2026 and Sea Limited’s Monee in 2026: What It’s Doing and What to Expect Going Forward. Both articles received very positive feedback.

• The things in this article

  • Why did Shopee beat revenue? Was there a change in strategy?

  • Shopee’s ads growth and the impact of Shopee GMV MAX

  • The current stage and progress of Shopee VIP — I still expect it to surpass 25M users by year-end

  • Why fulfillment matters for product selection in remote areas

  • The difference between Grab and Shopee quick commerce strategies

  • My concerns about the Monee acquisition and credit deterioration

  • Why Brazil is now Shopee’s most important market and what it’s current growth

🇸🇬 June 2026: Top 3 Blue-Chip Stocks with Aggressive Share Buybacks (The Smart Investor)

• Singapore companies bought back a record S$1.26 billion of shares in the first five months of 2026 — and three blue chips did most of the buying. Here’s what Singtel, OCBC and Keppel’s repurchases really tell dividend investors.

• But for a dividend investor, the question is sharper: is the buying backed by real cash, sitting alongside a sustainable payout? Let’s look at each.

  • Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF) or Singtel: Buybacks Alongside A Rising Dividend

    • Singtel was the single largest buyer by consideration over the five months.

    • That alone is worth a pause from a telco better known in years past for trimming payouts than expanding them.

    • What makes the buying credible is what sits next to it.

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY): Buying Backed by Record Income

    • OCBC’s repurchases sit inside a larger S$2.5 billion capital return plan running through 2026, layered on top of a guided 50% ordinary dividend payout.

    • The reassuring part is what funds it.

  • Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF): The Same Intent, Less Disclosure

  • Get Smart: Read the Cash Behind the Buyback

🇸🇬 3 Blue-Chip Stocks Still Offering 6%+ Dividend Yields (The Smart Investor)

• Three SGX stocks are offering yields above 6% — but a high yield only matters if it lasts. Here’s what’s actually funding each one.

• Free cash flow is the lifeblood of dividends, and three high-yielders on the SGX are drawing on three very different sources to keep theirs flowing.

• Here are the three, ordered from the steadiest case to the one that asks the most questions.

  • Mapletree Logistics Trust (SGX: M44U / OTCMKTS: MAPGF)

    • Mapletree Logistics Trust, or MLT, runs 175 logistics properties across nine Asia Pacific markets, with assets under management (AUM) of S$13.1 billion as at 31 March 2026.

    • The headline looks soft.

  • CapitaLand Ascendas REIT (SGX: A17U / OTCMKTS: ACDSF)

    • As Singapore’s oldest industrial REIT, CapitaLand Ascendas REIT, or CLAR, has a portfolio of 229 properties spanning business space, life sciences, industrial, data centres and logistics across Singapore, the US, Australia and the UK/Europe.

    • AUM stood at S$18.6 billion as at 31 March 2026.

    • CLAR reports revenue, NPI and DPU on a half-yearly basis, so there was no fresh DPU figure for the first quarter. That makes the operational signals the thing to watch, and they are encouraging.

  • Genting Singapore (SGX: G13 / FRA: 36T / OTCMKTS: GIGNF / GIGNY)

    • Genting Singapore owns and operates Resorts World Sentosa, one of Asia’s largest integrated resorts, with a casino, Universal Studios Singapore, the Singapore Oceanarium and six hotels.

    • It offers the highest yield of the three, and also the most complicated sustainability story.

  • Get Smart: A 6% Yield Is Not One Thing

🇸🇬 3 SGX Billionaire Cash Kings with Rising Dividends (The Smart Investor)

🇸🇬 CICT vs CapitaLand Ascendas REIT: Which CapitaLand Giant is the Better Buy? (The Smart Investor)

• Both blue-chip REITs backed by the CapitaLand ecosystem, but one focuses on malls and offices, while the other is riding the growth of business parks, logistics facilities, and data centres. Which deserves your investment dollars today?

  • Meet the Contenders

    • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF) stands out as Singapore’s largest REIT, with a well-diversified portfolio of real estate properties spanning retail malls, offices, and integrated developments.

    • The bulk of CICT’s real estate portfolio is concentrated in Singapore, making the REIT a prime beneficiary of Singapore’s economic activity and spending.

    • On the flip side, CapitaLand Ascendas REIT (SGX: A17U / OTCMKTS: ACDSF)’s portfolio is concentrated in the industrial segment, with the REIT having exposure across business parks, logistics facilities, industrial properties, and data centres.

    • Unlike CICT’s geographical concentration in Singapore, CLAR adopts a more diversified approach, with the US, Australia, and the UK / Europe making up 33% of its portfolio value.

  • Income Battle: Which REIT Delivers Better Dividends?

  • Portfolio Strength: Quality Versus Growth

  • Financial Strength and Risk

  • Growth Opportunities Ahead

  • Which REIT Fits Your Investing Style?

  • Get Smart: The Better Buy Depends on What You Need

🇸🇬 The SGX Small Cap Stock with a 700%+ Dividend Return (The Smart Investor)

• Micro-Mechanics (Holdings) Ltd (SGX: 5DD / OTCMKTS: MCRNF) has paid out 137.9 cents per share in dividends since listing – a cumulative return of over 700%. Its latest quarterly results suggest this small cap’s dividend story is far from over.

  • Is Micro-Mechanics finding its stride again?

  • What’s behind the margin improvement?

  • How big is the industry tailwind?

  • What should investors watch?

  • Get Smart: Small Dividends, Big Returns

🇸🇬 Genting Singapore Shares near a 10-Year Low: Opportunity? (The Smart Investor)

• Genting Singapore (SGX: G13 / FRA: 36T / OTCMKTS: GIGNF / GIGNY) is debt-free, sitting on S$3.2 billion in cash and yielding around 6.6% — yet its shares are near a 10-year low. We ask the only question that matters for income investors: can the dividend last?

• So what is dragging the shares down? And if you are buying for the income, can you trust the payout to hold?

• Let us take it apart.

  • Why the shares are languishing

    • Genting Singapore owns and runs Resorts World Sentosa (RWS). That is Universal Studios Singapore, the Singapore Oceanarium, six hotels, and one of the two casinos licensed in Singapore.

    • The money comes in through two doors: gaming and non-gaming.

    • The bigger door has narrowed.

  • The case for the dividend

  • Can the dividend be sustained?

  • Get Smart: A strong foundation, not a finished one

🇸🇬 3 Stocks I’d Buy for My Children’s University Fund (The Smart Investor)

🇻🇳 VinFast Auto Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇳 India’s SBS-3: 27000Cr Space Satellite Project, These Companies Will Benefit.. (Smartkarma) $

(Astra Microwave Products Ltd (NSE: ASTRAMICRO / BOM: 532493))

• India’s Cabinet Committee on Security approved SBS-3 in October 2024: 52-satellite military constellation costing 27,000 crore, with the first launch targeted by Apr-26 and the full network operational by 2029.

• For the first time, 31 of the 52 satellites will be built by private Indian firms, formally opening military space to private sector and creating procurement pipeline for space players.

• Operation Sindoor in May 2025 validated India’s ISR gaps in real combat conditions and locked in political consensus; SBS-3 is now irreversible programme, not an aspiration.

🇮🇳 Jain Resource Recycling: What Makes It Different From Other Metal Recyclers ? (Smartkarma) $

• Jain Resource Recycling Ltd (NSE: JAINREC / BOM: 544537), a metal recycling company, crossed INR 9,543 crore FY26 revenue, up 48% YoY, with copper at ~55% mix and its first copper-anode furnace commissioned.

• Copper recycling offers higher realisations and margins than lead. Jain’s early copper focus differentiates it from lead-heavy peers like Gravita, Nile, and Pondy Oxides.

• Phase I forward integration into cathode and wire rod, with INR 95 crore capex, could lift EBITDA/tonne. Execution will drive the margin re-rating.

🇮🇳 India’s Solar Civil War: Who Will Win Due to ALMM Cell Mandate? (Smartkarma) $

(Waaree Energies Ltd (NSE: WAAREEENER / BOM: 544277))

• On June 1, 2026, India’s MNRE implemented ALMM-II, making it mandatory for all government-backed, subsidized, and net-metered/open-access solar projects to source solar cells exclusively from approved domestic manufacturers.

• While India boasts ~225 GW of nameplate module manufacturing capacity (and ~193 GW approved under ALMM List-I), it currently has only ~31 GW of operational domestic cell capacity.

• This transition phase over the next 6–9 months will be highly disruptive, but at the same time it provides massive moat and pricing power to large, vertically integrated domestic players.

🇮🇳 Uniparts India: The Quiet Compounder That Just Turned the Volume Up (Smartkarma) $

• Uniparts India Ltd (NSE: UNIPARTS / BOM: 543689) delivered Q4FY26 revenue of INR 339 Cr, up 31% YoY and 18% sequentially, surpassing its own mid-teens guidance for the full year with 21% revenue growth.

• Operating leverage is finally firing. EBITDA nearly doubled YoY in Q4. The global agri and construction equipment cycle has turned, and Uniparts is positioned right at the inflection.

• New business wins of INR 225 Cr+ (annualized), clean balance sheet, 22% EBITDA margin in a trough year suggest the next upcycle earnings could be significantly higher. Worth watching closely.

🇮🇳 Reliance Making Meta’s First Data Center in India! (Smartkarma) $

• Meta (META US) and Reliance Industries Limited (NSE: RELIANCE / BOM: 500325) have signed a build-to-lease agreement for 168 MW AI-data centre in Jamnagar, Gujarat, India’s first purpose-built AI compute facility at this scale.

• This deal converts Reliance’s Jamnagar land bank and renewable energy access into a recurring, dollar-linked revenue stream, while entrenching RIL as the infrastructure gateway for global hyperscalers entering India.

• The structural question is whether Jamnagar becomes a one-anchor campus or a multi-tenant AI park. Reliance’s Google Cloud partnership from 2025 suggests the latter is already in motion.

🇮🇳 All You Need to Know About Hindustan Copper: Key Triggers & Risk Ahead (Smartkarma) $

• HCL Technologies (NSE: HCLTECH / BOM: 532281) has formally inaugurated mining operations at Kendadih copper-mine in Jharkhand and launched expansion of ICC concentrator plant from 0.4 to 0.9 MTPA, targeting 2.25 lakh tonnes of annual output.

• India imports over 90% of its copper concentrate. Domestic ore revival at Kendadih, Surda, and potentially Rakha and Chapri could partially reduce structural import dependence by FY30.

• The mine restart is real and regulatory hurdles are clearing fast. Execution pace at the concentrator and Stage-I forest clearance for 413.5 hectares remain the near-term swing factors.

🇮🇳 Wockhardt: Beyond Zaynich,the Franchise Is Just Getting Started (Smartkarma) $

• FDA approved Zaynich on 29-May-26, India’s first fully indigenous NCE to clear the DCGI approval following two days later. Management has now flagged WCK 6777 as the next potential blockbuster.

• Wockhardt Ltd (NSE: WOCKPHARMA / BOM: 532300) has now completed FY26 with genuine PAT turnaround, EBITDA margins at 19%, and a clean balance sheet. The AMR franchise is shifting from R&D cost center to commercial asset.

• The market is pricing Zaynich; it is not yet pricing WCK 6777’s outpatient opportunity, nor the biosimilars doubling thesis.

🇮🇳 Zepto IPO: India’s Fastest-Growing Quick Commerce Platform (Smartkarma) $

• Zepto filed its Updated DRHP on June 9, 2026, with a INR 8,010 crore fresh issue and 11.35 crore-share OFS, becoming the first standalone quick commerce player seeking domestic listing.

• FY26 revenue doubled to INR 22,624 crore, while losses widened to INR 5,905 crore, testing investor appetite for high-growth, loss-making platforms in a competitive market.

• Zepto is a strong 2nd player in a 40%+ growth market, but investors must assess whether IPO pricing reflects its path to profitability.

🇱🇰 Sri Lanka’s Organic Fertilizer Debacle (Asianometry) 25:16 Minutes

• In April 2021, the Sri Lankan government banned imports of all chemical fertilizers. They were the first country to do this. President Gotabaya Rajapaksa explained in a speech: If we are to preserve the health of our planet and ensure human sustainability, governments all over the world must not hesitate to adopt bold policies The import ban turned out to be a bit too bold. Amidst plunging farm yields and soaring food inflation, the ban did not last the year. I covered Sri Lanka’s economic crisis in a prior video three years ago, but did not mention the fertilizer ban. So let me do it this time. In today’s video, the disastrous Sri Lankan fertilizer import ban.

🇰🇿 Freedom Holding: The Next Phase Of Ecosystem Monetization Suggests Massive Upside (Seeking Alpha) $ 🗃️

🇹🇷 TAV Airports: Profitability Still Depressed, But Cycle Is Turning (Seeking Alpha) $ 🗃️

🇹🇷 Turkey probes 95-year-old Rahmi Koç over ‘derogatory’ joke (FT) $ 🗃️

• Critics warn judicial move against prominent tycoon risks undermining investment in Turkey

• Rahmi Koç, the 95-year-old honorary chair of Koç Holding (IST: KCHOL), Turkey’s biggest conglomerate, sparked controversy when he made the suggestive remarks at the opening of one of the group’s hospitals in İzmir last week.

• Video clips of the incident showed Koç, who led the company from 1984 to 2003, laughing with former prime minister Binali Yıldırım, 70, after telling a joke about a Kurdish woman speaking to a doctor about a medical complaint. When the doctor told the woman to undress behind a curtain, she replied: “Doctor, you undress first.”

🌍 Endeavour Mining: A Cash-Return Machine With A Tier-One Growth Option (Seeking Alpha) $ 🗃️

🇿🇦 DRDGOLD Limited (DRD) Presents at 121 Mining Investment Conference – New York – Slideshow (Seeking Alpha)

🇿🇦 Lesaka Technologies: The Fintech Re-Rating Nobody Sees (Seeking Alpha) $ 🗃️

🇿🇦 The SPAR Group Ltd 2026 Q2 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌍 Spar Group (JSE: SPP / OTCMKTS: SGPPF) – More than 2,000 stores in South Africa. Netherlands founded SPAR International is the world’s leading voluntary food retail chain & the largest independent supermarket retail network in the world. 🇼 🏷️

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

🇿🇦 PPC Ltd 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🌎 Millicom Cellular: A Rare Telecom Growth Story With A 3% Yield (Seeking Alpha) $ 🗃️

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

🇧🇷 Nu Holdings: ARPAC Growth And Valuation Outweigh Credit Risks (Seeking Alpha) $ 🗃️

🇧🇷 Sendas Distribuidora: It’s Not Time To Buy Yet! (Seeking Alpha) $ 🗃️

🇧🇷 Afya’s Recent National Exam Scores Are Worrying (Seeking Alpha) $ 🗃️

🇧🇷 Suzano: Deleveraging Progress Is OK, Ignoring The Buyback And Some Non-Recurring Effects (Seeking Alpha) $ 🗃️

🇧🇷 Ambev: The Market Has Sobered Up Recently (Seeking Alpha) $ 🗃️

🇵🇪 Peru’s 2026 election is a tie. Again. (Latin America Risk Report)

• Unfortunately, one of these two candidates will win

• Peru’s election result is a tie. Sure, someone will be declared the winner at the end of a long vote counting process, the reviews of about 1,500 actas, and then arguments about a recount (which may or may not be possible under Peruvian law, which is sometimes malleable in its own way). But the margin will be so slim as to be essentially a tie, probably within the error rate of ballots (voters and vote counters make mistakes after all).

• This is Peru’s third presidential election in a row to end within a one percent margin. While we’re used to strongly contested and polarized elections in this hemisphere, most elections are not that close. See this chart.

🇻🇪 How to invest in Venezuela’s giant gold mine (Undervalued Shares)

• Venezuela is home to one of the world’s largest undeveloped gold deposits, with a substantial copper resource thrown in as a bonus.

• Few realise that you can already buy into it, and at a rock-bottom valuation.

• This Canadian-listed stock offers pioneer investors a rare opportunity to get in – before the broader market catches on.

• Gold Reserve Ltd (CVE: GRZ / FRA: 97Z / OTCMKTS: GDRZF) (ISIN BMG4R86G1074, CA:GRZ, US OTC:GDRZF) is a former Canadian firm that relocated to Bermuda a few years ago.

🌐 Escalation of the war on Iran is likely: The true aim is to make war on China (Werner Economics)

🌐 The Pentagon’s $0 Inventory Problem: Antimony (Public Markets)

• Picture this: You’re responsible for keeping America’s ammunition lines running. Every artillery primer, every tracer round, every armor-piercing core that rolls off your production line needs one specific element to function. You’ve ramped output 178% since 2022. The generals want more.

• While headlines obsess over rare earths and lithium, the most weaponized small metal on Earth is one almost nobody can name. The United States mines exactly zero tons of it, imports roughly 90% of what it burns through, and has handed an adversary a switch it has already proven willing to flip.

• Chinese dominance of antimony isn’t an accident of geology. It’s leverage. And in 2024 Beijing started pulling it.

• The timeline tells you everything:

  • August 14, 2024: China announces export controls on antimony.

  • September 15, 2024: All antimony exports require a dual-use license — every shipment now subject to approval.

  • December 3, 2024: China bans antimony exports to the United States “in principle,” and explicitly prohibits exports to any U.S. military end-user or military end-use.

  • November 9, 2025: Beijing “suspends” the broad ban until November 27, 2026, returning to a managed-licensing regime.

🌐 Nebius: Addressing The Current AI Constraints As It Grows (Seeking Alpha) $ 🗃️

🌐 Nebius: Still A Buy, Just Not A Table-Pounding Buy (Seeking Alpha) $ 🗃️

Nebius: Please Don’t Push It Off The Cliff (Rating Downgrade) (Seeking Alpha) $ 🗃️

🌐 Nebius Falls: Hyperscalers Are Hyperscaling (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):

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 (June 15, 2026) was also published on our website under the Newsletter category.

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