Emerging Market Links + The Week Ahead (June 22, 2026)

One quick note: Last week, Caixin reported that Foreign Demand for Mainland Stocks Drives Record Stock Connect Volumes while at the same time noting in a separate article that Chinese Offshore Wealth Shifts to Singapore, Middle East:

Chinese households are reshaping their global portfolios, moving beyond a traditional reliance on Hong Kong and the U.S., as well as basic bonds and equities, to embrace new wealth hubs and alternative assets.

The structural shakeup, detailed in a report released Wednesday by China Everbright Bank Co. Ltd., highlights a growing sophistication among domestic investors seeking to mitigate single-market volatility. (I can’t find a copy of the report online & its probably in Chinese IF posted somewhere)

Its interesting how more foreign money would be moving into Chinese stocks/markets just when Chinese themselves are trying to distance their wealth from both China (Hong Kong) and the USA. And I know its also been reported (as least in alt-finance podcasts) that Middle East money is now flowing toward Hong Kong/Singapore, etc. given the on again off again war there while the “smart money” has been trying to get out of Europe before any capital controls get put in place (and capital controls always happen in war time)…

(Again, our Frontier & Emerging Market Stock Index has around 3,300 stocks (including 436 from China and 106 from Hong Kong) plus there are numerous other non-USA/Western European stocks not indexed that can be found via searching this Substack…)

$ = behind a paywall

• China & Hong Kong Stock Picks (April-May 2026) Partially $

  • 🇨🇳 China – May – Futu Holdings, Li Auto Inc, Xpeng Inc, PDD Holdings, CSPC Pharmaceutical, Kuaishou Technology, Alibaba, 3SBio Inc, Tongcheng Travel, NIO Inc, Cloud Music, Sany Heavy Equipment International Holdings, Baozun, Kanzhun Ltd, KE Holdings, Hesai Group, Bilibili, Sun Art Retail Group Ltd, iQIYI, Zhejiang Leapmotor Technology Co Ltd, China Life Insurance, CR Beer, Tencent, JD.com, Tencent Music Entertainment Group, Shandong Hongqiao Aluminum Industry Holding Co Ltd, China Petroleum and Chemical Corp, Geely Automobile Holdings, BeOne Medicines, China National Offshore Oil Corporation (CNOOC), China Construction Bank, PetroChina Co Ltd, China Mobile, PICC Property and Casualty Co Ltd & Weichai Power

  • April – Shenzhen Mindray Bio-Medical Electronics, Pharmaron Beijing Co Ltd, Zoomlion Heavy Industry, Maxscend Microelectronics Co, Shanghai United Imaging Healthcare Co Ltd, Ping An Insurance, Zhejiang Dingli Machinery, BYD Company, WuXi AppTec Co, Micro-Tech Nanjing Co Ltd, Jiangsu Hengli Hydraulic, Great Wall Motor, China Hongqiao Group, InnoCare Pharma, New Oriental Education, Shanghai Iluvatar CoreX Semiconductor Co Ltd, Shenzhen Dobot Corp Ltd, Beijing Haizhi Tech Group Co Ltd, NAURA Technology Group, Ubtech Robotics Corp Ltd, Shanghai Longcheer Technology Co Ltd, Agricultural Bank of China, Zhongji Innolight Co Ltd, Tsingtao Brewery, China Telecom Corp Ltd, Bank of Communications, China Unicom, JD Logistics Inc, ANTA Sports Products, Yancoal Australia, Tianqi Lithium Corp, Li Ning, Yangzijiang Shipbuilding Holdings, Hansoh Pharmaceutical Group Company, China Resources Mixc Lifestyle Services, Shenzhen Xunce Technology Co Ltd, OneRobotics (Shenzhen) Co Ltd, China MeiDong Auto Holdings, China Yongda Automobile Services Holding, Sunny Optical & PATEO CONNECT Technology (Shanghai) Corp

  • 🇭🇰 Hong Kong May – Kerry Properties, Hang Lung Properties, Sands China Ltd, Henderson Land Development, Cathay Pacific Airways, HSBC Holdings, Sino Land, AIA Group, Champion REIT & Hong Kong Exchanges & Clearing

  • April – DFI Retail Group & CK Hutchison Holdings, MTR Corporation, Hongkong Land, Wharf Holdings Ltd, Swire Properties, China Overseas Land & Hysan Development

  • CMB International Capital Corporation 20+ high conviction stock ideas

    • Geely Automobile Holdings, Jiangsu Zenergy Battery Technologies Group, J&T Global Express Ltd, Weichai Power, Sany Heavy Equipment International Holdings, Chuangxin Industries Holdings Ltd, Bosideng International Holdings, Guoquan Food Shanghai Co Ltd, Luckin Coffee, Proya Cosmetics, CR Beverage, WuXi AppTec Co, 3SBio Inc, Ping An Insurance, China Life Insurance, AIA Group, Futu Holdings, Tencent, Kuaishou Technology, Alibaba, Meituan, Trip.com, China Resources Mixc Lifestyle Services, Greentown Service Group, Luxshare Precision Industry, Aac Technologies Holdings, Foxconn Interconnect Technology (FIT Hon Teng), Zhongji Innolight Co Ltd, Shengyi Technology NAURA Technology Group & Datadog

• 🌐 EM Fund Stock Picks & Country Commentaries (June 21, 2026) Partially $

  • Taiwanese/Korean stocks per step in the AI value chain, Hong Kong trip report/income opportunities, Chinese memory/AI IPOs, India AI stock plays, Ukraine’s securities markets, 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

🌏 LCY bond market in emerging East Asia expands in Q1 (The Asset) 🗃️

🇯🇵 Is Japan Actually Making Money from Tourism? (KonichiValue)

🇨🇳 Foreign Demand for Mainland Stocks Drives Record Stock Connect Volumes (Caixin) $

• Average daily northbound trading volume under the Stock Connect program linking the Chinese mainland and Hong Kong has surged to nearly 390 billion yuan ($57 billion) this year, driven by rising foreign investor interest, according to Bonnie Chan, chief executive of Hong Kong Exchanges & Clearing (HKG: 0388 / 80388 / FRA: D9I / OTCMKTS: HKXCF).

• Speaking Friday at the 2026 Caixin Summer Summit in Hong Kong, Chan said average daily northbound trading volume reached a record 212.4 billion yuan in 2025, up 42% from a year earlier. In 2026, daily volume has climbed further, averaging between 380 billion yuan and 390 billion yuan, she said.

🇨🇳 China export trade surplus redeploys in search of yield (The Asset) 🗃️

• Whereas China’s trade surplus used to be absorbed largely by the central bank and channelled into official reserves, it is now being redeployed by private actors in search of yield. This indicates China’s progress on financial deepening and underscores markets’ increasingly central role in shaping the economy

🇨🇳 With China and India’s growth, is US stock market too big? (The Asset) 🗃️

• With China and India having grown so fast as to compensate for the underperformance of their fellow Brics (Brazil, Russia and South Africa), the centre of gravity in the global economy continues to shift eastward. The question now is whether – and when – equity valuations will reflect this underlying reality

• (Jim O’Neill is a former UK Treasury minister and a former chairman of Goldman Sachs Asset Management.)

🇨🇳 China wealthy at crossroads in family office expertise quest (The Asset) 🗃️

• New generation expects one-stop shop solutions instead of product-driven services

• The private wealth landscape in China is undergoing a profound recalibration. As the first generation of entrepreneurs confronts the inevitability of succession, the country’s family office advisory sector, which is still in its initial developmental stage, is trying to find the right path to mature into something resembling a genuine profession.

• The size of the family office market in China, according to the 2026 White Paper for China’s Enabling-Style Family Offices published by Youmy Family Office, is estimated to amount to 13.6 trillion yuan ( US$2 trillion ).

🇨🇳 Chinese Offshore Wealth Shifts to Singapore, Middle East (Caixin) $

• Chinese households are reshaping their global portfolios, moving beyond a traditional reliance on Hong Kong and the U.S., as well as basic bonds and equities, to embrace new wealth hubs and alternative assets.

• The structural shakeup, detailed in a report released Wednesday by China Everbright Bank Co. Ltd., highlights a growing sophistication among domestic investors seeking to mitigate single-market volatility.

🇨🇳 China’s May Bank Lending Beats Forecasts as Corporate Credit Rebounds (Caixin) $

• China’s new bank loans returned to positive growth in May, beating market expectations, as a surge in corporate bill financing offset persistent weakness in household borrowing.

• Aggregate financing and new yuan loans both exceeded average forecasts after an unexpected slump in April, according to data released Friday by the People’s Bank of China. New yuan loans totaled about 520 billion yuan ($76.5 billion), while total social financing, a broad measure of credit and liquidity in the economy, expanded by 2 trillion yuan in May.

🇨🇳 Alibaba: If AI Is The Future, The Largest Cloud Provider In China Should Be A Winner (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba Is A Steal Despite Geopolitical And Regulatory Risks (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba’s 45% Collapse Created A Buying Opportunity (Seeking Alpha) $ 🗃️

🇨🇳 Alibaba: An AI Loser So Far, But Don’t Dismiss The Earnings Story (Seeking Alpha) $ 🗃️

🇨🇳 JD.com: The Biggest Chinese Bargain (Seeking Alpha) $ 🗃️

🇨🇳 Tencent: One Of The Cheapest Mega-Cap Tech Stocks In The World (Seeking Alpha) $ 🗃️

🇨🇳 Huawei’s big comeback tests limits of US chip controls (FT) $ 🗃️

🇨🇳 Reframing for an AI era: Can Visual China monetize its image library? (Bamboo Works)

• China’s biggest platform for licensed images has filed for a Hong Kong listing as it tries to reposition itself as a provider of AI-enabled design services

• The company’s core revenue from content licensing fell 14% last year, slipping below 70% of overall turnover

• Visual China Group Co Ltd (SHE: 000681) hit the headlines in 2019 when it tried to charge for a landmark scientific image that had been issued as free for general use

🇨🇳 Circuit Fabology H Share Listing (9630 HK): Valuation Insights (Smartkarma) $

🇨🇳 Transsion rebounds, as its ‘Out of Africa’ story stumbles (Bamboo Works)

• The budget smartphone maker has renewed its application for a Hong Kong IPO, reporting revenue for its core Africa market rose last year, as all of its other markets fell

• Shenzhen Transsion Holdings (SHA: 688036) has filed for a Hong Kong IPO, reporting its revenue rose 25% in the first quarter of 2026 after returning to growth in the second half of last year

• The budget smartphone maker controlled a massive 61.5% of Africa’s smartphone market by unit shipments in 2024, but just 22.5% of the market by revenue

🇨🇳 Nio Founder Predicts China Car Sales Will Plunge 20% in 2026 (Caixin) $

• Electric vehicle (EV) maker NIO Inc (NYSE: NIO) founder William Li predicted that China’s passenger car sales will fall 15% to 20% in 2026, while saying that automakers can survive the market downturn by building an integrated system spanning technology, supply chain and after-sales service.

• The grim forecast underscores a fundamental shift in the world’s largest auto market, which is transitioning from an era of rapid expansion into a saturated landscape defined by fierce rivalry and stagnating demand.

🇨🇳 Lotus Technology: Reiterating Sell On Impending Dilution And Overambitious Targets (Seeking Alpha) $ 🗃️

🇨🇳 DSC Holdings (DSC): China Based AI App for Used Car Dealers Sets Terms for IPO (Smartkarma) $

• DSC Holdings launched its IPO, offering 3.0 million ADSs at $16-$18, targeting a $1.3-$1.5 billion market capitalization ahead of next week’s debut.

• The company claims over 90% market share in operating systems for China’s used-car dealers, leveraging AI, software, and transaction services across the ecosystem.

• Investor demand may be constrained by the large anchor order, China exposure, and a relatively small public float versus the company’s overall valuation.

🇨🇳 WuXi AppTec Sues Pentagon Over China ‘Military Company’ Designation (Caixin) $

• WuXi AppTec Co (SHA: 603259 / HKG: 2359 / OTCMKTS: WUXAY), one of China’s largest pharmaceutical outsourcing companies, has sued the U.S. Defense Department in federal court in Washington, seeking to overturn the Pentagon’s decision to designate the company as a Chinese military company.

• The Shanghai- and Hong Kong-listed company said in a filing Thursday that it filed a complaint in the U.S. District Court for the District of Columbia on June 11, disputing the military-company designation as “erroneous and unsupported by the facts or the legal criteria under the applicable statutes and case law.”

🇭🇰 Cafe de Coral emerges to new dawn, as hidden concerns remain (Bamboo Works)

• After nearly two years of profit declines, Hong Kong’s leading fast-food operator began to turn the corner in the second half of its latest fiscal year

• Cafe De Coral (HKG: 0341 / OTCMKTS: CFCGF)’s profit soared more than 150% in the second half of its latest financial year compared with the first half

• The leading Hong Kong fast-food chain launched a HK$50 million share repurchase program to support its stock

🇭🇰 Chow Tai Fook (1929 HK) – What Lies Ahead? (Smartkarma) $

• In this insight, we discuss the nitty-gritty details of Cafe De Coral (HKG: 0341 / OTCMKTS: CFCGF)‘s FY2026 financial and operational performance.

• We analyze four points to understand about what lies ahead for the company in near term.

• Finally, we discuss about valuation and our view on the company

🇭🇰 Sun Hung Kai Properties: Fresh Headwinds Are Mostly Priced In (Rating Downgrade) (Seeking Alpha) $ 🗃️

🇭🇰 Jardine Matheson Holdings Limited (JMHLY) Analyst/Investor Day – Slideshow (Seeking Alpha)

• 🌐 Jardine Matheson (SGX: J36 / FRA: H4W / OTCMKTS: JARLF) 🇧🇲 – Subs. include Jardine Pacific, Jardine Motors, Hongkong Land, Jardine Strategic Holdings, DFI Retail Group, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage & Astra International. 🇼

🇲🇴 Macau visitor arrivals hit 20mln mark 18 days earlier than last year: police (GGRAsia)

• Macau has already reached the milestone of 20-million visitor arrivals this year, with such a figure being recorded 18 days earlier than in 2025, according to the city’s Public Security Police Force.

• The landmark number was arrived at by the afternoon of Saturday (June 20).

• Macau recorded 40.1 million visitor arrivals in 2025, the highest annual total on record.

🇲🇴 Macau June GGR pace slows amid World Cup, Citi keeps forecast at US$2.4bln (GGRAsia)

• Macau’s casino gross gaming revenue (GGR) was estimated at about MOP9.00 billion (US$1.12 billion) in the first 14 days of June, according to investment bank Citigroup, citing industry sources.

• In a Monday note, the institution said the daily run rate averaged approximately MOP586 million in the week ended June 14. That was around 20 percent below the average recorded in May, when Macau generated approximately MOP729 million per day in GGR.

• It was also down 16 percent compared with the first week of June, when daily revenue averaged circa MOP700 million, per the memo.

• Citi said the softer performance was “likely due” to the start of the FIFA World Cup on June 11, which was “taking away some Macau players’ betting budgets”.

• This year’s World Cup runs until July 19 and features an expanded format with 48 teams and 104 matches. The investment bank said previously that this tournament’s impact on Macau’s casino GGR could be more pronounced than that of previous editions.

🇹🇼 TSMC: The Buying Opportunity Is Finally Flashing (Rating Upgrade) (Seeking Alpha) $ 🗃️

🇹🇼 Taiwan Semiconductor: Not Expensive When You Run The Numbers On AI Demand (Seeking Alpha) $ 🗃️

🇹🇼 TSMC: Why Premium Multiples Don’t Matter For The King Of Foundries (Seeking Alpha) $ 🗃️

🇹🇼 Silicon Motion: There’s More Left In The Tank (Seeking Alpha) $ 🗃️

🇰🇷 S.Korea can offer ‘K-casinos’ as part of ‘K-culture’: Korea Casino Association’s Shin Jong Ho (GGRAsia)

• In the second portion of a two-part interview with GGRAsia, Shin Jong Ho, secretary-general of the Korea Casino Association (KCA), discusses how South Korea can usefully address the growing regional competition for casino-resort business. In the first part, Mr Shin explained the opportunities and challenges for the country’s regulated casino sector.

🇰🇷 Kangwon Land Inc profit growth to slow until 2028, shareholder returns key: brokerage (GGRAsia)

• South Korea’s Kangwon Land (KRX: 035250), operator of a resort with the country’s only casino permitted to serve locals, is likely to face a period of slower earnings growth over the next two years. The firm’s dividend policy, however, could help support investor sentiment during that period, says a research note from Samsung Securities Co Ltd.

• “A slowdown in growth is inevitable through next year, but in the short term, attention should be paid to dividends rather than growth,” wrote analyst Lee Hye-in in a Tuesday memo, cited by South Korea-based The Asia Business Daily outlet.

• Ms Lee said growth was expected to remain constrained through 2027 due to a combination of limited capacity resulting from the casino’s expansion works, ongoing renovation at resort facilities, and higher investment costs linked to the development of a second casino at Kangwon Land.

🇰🇷 LG Display: Persistent Institutional Buys May Facilitate An Interesting Fundamental Trade (Seeking Alpha) $ 🗃️

🇰🇷 Gravity: One Of The Most Mispriced Stocks On The Market (Seeking Alpha) $ 🗃️

🇰🇷 HBM4E 12-High Race: Samsung’s Technical Re-Entry vs SK hynix’s Supply Lock-In (Korea Invest Insights)

🇰🇷 An Update on Delisting of Hyundai Home Shopping and the Merger Ratio with Hyundai GF Holdings (Douglas Research Insights) $

• Hyundai Home Shopping Network Corp (KRX: 057050)/Hyundai GF Holdings Co Ltd (KRX: 005440) ratio started out as high as 6.3x on 10 February. In the past several days, this ratio has drifted lower to about 5.9x.

• Merger ratio is 6.357x and there is an increasing probability that over the next several days the price gap between the two companies narrow back closer to the merger ratio.

• If Hyundai GF Holdings’ share price stays the same (until shares exchange date) and Hyundai Home Shopping catches up to the merger ratio, Hyundai Home Shopping could increase by 7.9%.

🇰🇷 Hankyung Business Daily Mentions SK Hynix ADR Amount Could Be Nearly 40 Trillion Won (Douglas Research Insights) $

• On 16 June, Hankyung Business Daily mentioned that SK Hynix (KRX: 000660)’s ADR amount could be nearly 40 trillion won ($26.5 billion).

• According to SK Hynix, it refuted Hankyung Business Daily’s comment about shareholder return policy of 100 trillion won.

• SK Hynix’s ADR offering could be completed sooner than anticipated after mid-July.

🇰🇷 Korea Small Cap Gem #64: DearU (Douglas Research Insights) $

• Dear U Co Ltd (KOSDAQ: 376300) is one of the new inclusions for the Korea Value Up-Index in June. Overall, I think DearU’s shares are oversold.

• DearU’s shares are trading at P/E of 13.6x and P/B of 2.3x (2026 consensus earnings estimates). It had average P/E of 38.6x and P/B of 4.6x from 2022 to 2025.

• The company’s operating profit jumped by 77% YoY to reach 9.7 billion won in 1Q 2026. Consensus estimates operating margin of 44% in 2026.

🇰🇷 Boston Dynamics – An IPO Likely on NASDAQ in 1H 2027 (Douglas Research Insights) $

• In this insight, I discuss the likely IPO of Boston Dynamics in Nasdaq in 1H 2027. Boston Dynamics is the crown jewel robotics company for the Hyundai Motor Group.

• Boston Dynamics’ valuations have recently surpassed $20 billion. In recent weeks, there has been an increased speculation of Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) potentially acquiring a 9.9% stake in Boston Dynamics from SoftBank.

• If there are increased news flow about Boston Dynamics’ valuations continuing to rise further, the biggest beneficiary (in terms of impact on share price) could potentially be Hyundai Glovis (KRX: 086280).

🌏 Five gaming-linked firms make 2026 Fortune Southeast Asia 500 list (GGRAsia)

• Five companies with exposure to the casino and gaming sectors were included in the 2026 Fortune Southeast Asia 500 ranking, with Philippines-based online gaming provider DigiPlus Interactive (PSE: PLUS) and Cambodia casino operator NagaCorp (HKG: 3918 / FRA: N9J / OTCMKTS: NGCRF) recording the biggest gains among the group.

• The annual ranking, compiled by Fortune magazine, lists Southeast Asia’s 500 largest companies by revenue.

• Malaysia’s Genting Berhad (KLSE: GENTING / OTCMKTS: GEBHY), one of Asia’s largest casino groups and the parent of operators with gaming interests in Malaysia, Singapore, the United States, and the United Kingdom, remained the highest-ranked gaming-linked company in Southeast Asia. It retained 53rd position, unchanged from the previous year.

• Philippines-based Alliance Global Group (PSE: AGI / OTCMKTS: ALGGF / ALGGY), whose interests include Newport World Resorts in Manila through Travellers International Hotel Group Inc, ranked 112th in 2026, compared with 92nd a year earlier.

• Philippine casino operator Bloomberry Resorts Corp (PSE: BLOOM / OTCMKTS: BLBRF) was ranked 303rd in this year’s list, down from 289th in 2025. The company runs the Solaire Resort & Casino at Entertainment City in the Philippine capital, and the Solaire Resort North complex in Quezon City, outside Metro Manila.

🇮🇩 Top Stock Market Highlights of the Week: Fox-Roku, Yum Brands, Oil Prices and Bank Indonesia (The Smart Investor)

• We look at two major US media and restaurant deals, the easing of oil prices after a Middle East ceasefire, and Indonesia’s aggressive moves to defend its currency.

🇲🇾 Top Glove Corporation Bhd. 2026 Q3 – 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. 🇼 🏷️

🇵🇭 GCash, Philippine’s fintech unicorn, inches closer to IPO (The Asset) 🗃️

• Listing of superapp with 81 million users delayed over past few years due to market volatility

• After years of teasing its potential listing, Mynt, the company behind Philippine fintech giant GCash, has indicated that it is ready to go public, soon.

• Mynt announced on Wednesday that its board of directors has greenlit the filing of a registration statement with the Securities and Exchange Commission ( SEC ). The board also approved GCash’s listing application with the Philippine Stock Exchange ( PSE ) in connection with a potential initial public offering ( IPO ).

• In a statement announcing the development, Mynt says it is looking to sell an equivalent of 12% of its total outstanding capital stock through a combination of both primary and secondary shares, with each common share having a par value of 3 Philippine centavos per common share.

🇸🇬 Singapore May visitor arrivals hit year-low, with China and Indonesia markets down (GGRAsia)

• Singapore recorded 1.24 million international visitor arrivals in May, down 9.7 percent year-on-year and the lowest monthly tally so far this year, according to the latest data from the Singapore Tourism Board (STB).

• The decline was driven by weaker arrivals from several of Singapore’s key source markets, including mainland China, Indonesia, India and Australia, the data showed.

🇸🇬 BW LPG: I Timed The Dip Perfectly, Now What (Rating Upgrade) (Seeking Alpha) $ 🗃️

🇸🇬 JOYY Inc.: The Turnaround Is Gaining Traction, But The Market Remains Oblivious (Seeking Alpha) $ 🗃️

🇸🇬 Sea Limited Finds A Floor – Successful Growth Initiatives Warrant Reiterated Buy (Seeking Alpha) $ 🗃️

🇸🇬 Sea Limited: Brazil’s Success Opens A New Chapter Of Growth (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). 🇼 🏷️

🇸🇬 3 SGX REITs Rewarding Investors This Week (The Smart Investor)

• FLCT, MLT and First REIT are paying distributions this week, though their latest results tell three very different stories.

• All three REITs reported results recently, and the numbers point in three different directions.

  • Is FLCT’s payout stronger than it looks?

    • Frasers Logistics & Commercial Trust (SGX: BUOU / OTCMKTS: FRLOF), or FLCT, owns 113 logistics, industrial, business park and office properties across Australia, Germany, Singapore, the United Kingdom and the Netherlands, with assets under management (AUM) of around S$7.0 billion.

  • Can MLT keep its operational streak going?

    • Mapletree Logistics Trust (SGX: M44U / OTCMKTS: MAPGF), or MLT, runs 175 logistics properties across nine Asia Pacific markets, with S$13.1 billion in AUM as at 31 March 2026.

  • What happens to First Real Estate Investment Trust (SGX: AW9U / OTCMKTS: FESNF) after Indonesia?

    • With 31 healthcare properties worth S$1.02 billion across Indonesia (74.5%), Japan (22.7%) and Singapore (2.8%), First REIT’s rental and other income fell 8.4% YoY to S$23.2 million for the first quarter of 2026 (1Q2026).

  • Get Smart: Look Behind the Payment

🇸🇬 REITs Are Back in Focus: 3 Types of Singapore REITs Dividend Investors Should Know (The Smart Investor)

• A healthcare REIT, a retail and commercial REIT, and a business space and industrial REIT. Same sector, three different ways to earn your income.

  • The Healthcare REIT: Parkway Life REIT

    • Parkway Life Real Estate Investment Trust (SGX: C2PU), or PLife REIT, is one of Asia’s largest listed healthcare REITs. It owns 74 properties worth S$2.57 billion as at 31 March 2026, spread across three Singapore hospitals, 60 Japan nursing homes and 11 France nursing homes.

  • The Retail and Commercial REIT: CICT

  • The Business Space and Industrial REIT: CapitaLand Ascendas REIT

    • CapitaLand Ascendas REIT (SGX: A17U / OTCMKTS: ACDSF), or CLAR, is Singapore’s oldest industrial REIT.

    • It owns 229 properties across business space and life sciences, industrial and data centres, and logistics, located in Singapore, the US, Australia and the UK and Europe. Total assets under management stood at S$18.6 billion as at 31 March 2026.

  • Get Smart: Know The Type Before You Buy

🇸🇬 3 REITs to Buy and Hold Forever (The Smart Investor)

• Most REITs are bought for yield, but the very best REITs offer something more: resilient assets, dependable income, and the ability to compound over decades.

  • What Makes a REIT Worth Holding “Forever”

  • Why REITs Can Be Powerful Long-Term Holdings

  • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF), or CICT — The Defensive Income Compounder

    • CICT, Singapore’s biggest REIT, is a heavy hitter if you’re after resilience and steady income.

    • The REIT owns a broad range of retail, office, and mixed-use properties.

  • Frasers Centrepoint Trust (SGX: J69U / OTCMKTS: FRZCF) — The Growth-Oriented REIT

    • FCT has grown into Singapore’s largest suburban retail REIT, with a portfolio of nine malls located in densely populated residential catchments.

    • Its properties continue to enjoy strong tenant demand, reflected in a committed occupancy rate of 99.8% and positive rental reversions of 6.5% for the first half of the fiscal year ending 30 September 2026 (1HFY2026).

  • Parkway Life Real Estate Investment Trust (SGX: C2PU) — The Structural Trend Beneficiary

    • While many REITs ride economic cycles, Parkway Life REIT benefits from a more enduring trend: healthcare demand.

    • The REIT owns 74 healthcare properties across Singapore, Japan, and France, giving investors exposure to a sector supported by ageing populations and rising healthcare needs.

  • What Long-Term REIT Investors Should Watch

  • Why Most Investors Sell Too Early

  • Get Smart: The Best REITs Reward Time, Not Timing

🇸🇬 The Logistics Boom: Why Mapletree Logistics Trust is a Global Powerhouse (The Smart Investor)

• Warehouses may not sound exciting, but they are the backbone of global trade and e-commerce. Here’s why Mapletree Logistics Trust (SGX: M44U / OTCMKTS: MAPGF) has built one of Asia’s largest logistics real estate portfolios.

  • Understanding the Logistics Revolution

    • Warehouses aren’t just cheap storage on the outskirts of town anymore.

    • Increasingly, they are becoming the backbone of modern retail.

  • A Truly Global Logistics Portfolio

    • With 175 properties spanning across nine geographic markets, MLT is well-positioned to capitalise on this long-term demand for quality logistics facilities.

    • MLT’s key markets include Singapore, China, Japan, Australia, South Korea, and Southeast Asian nations such as Malaysia and Vietnam.

  • What Makes MLT a Logistics Powerhouse?

  • The Challenges Investors Should Watch

  • Can MLT Continue Growing?

  • Get Smart: Betting on the Backbone of Global Commerce

🇸🇬 Beyond STI: 3 SGX Stocks Riding the AI Boom (The Smart Investor)

🇸🇬 3 SGX Billionaire Stocks Capitalising on AI-Driven Demand (The Smart Investor)

• AI demand is lifting three of Singapore’s billion-dollar tech names — but it’s reaching each of them at a different speed, and one set of numbers deserves a closer look.

  • Which company is feeling AI demand most directly?

    • That would be AEM Holdings (SGX: AWX).

    • AEM builds test and handling equipment for semiconductors, with a focus on high-parallel testing and thermal management for advanced chips. When a chipmaker ramps production, AEM’s machines are part of the process.

  • Is the growth at UMS Integration as clean as it looks?

    • UMS Integration Ltd (SGX: 558 / OTCMKTS: UMSSF) makes precision components and provides engineering services to makers of semiconductor equipment.

    • Its first quarter looked strong on the surface.

  • Why is Venture Corporation’s recovery slower?

    • Venture Corporation (SGX: V03 / FRA: VEM / OTCMKTS: VEMLF) is the largest of the three, and the one furthest from chip production. It designs and manufactures products for customers across technology domains, integrating chips into finished kits rather than testing or making them.

    • That position shows in the pace of its recovery.

  • Get Smart: Same Wave, Different Boats

🇸🇬 The Ultimate Graduation Gift: Why I’m Buying These 2 Stocks for My Kids (The Smart Investor)

• Most graduation gifts are forgotten within a few years, but a carefully chosen stock investment could continue rewarding your children for decades.

  • iFAST Corporation Limited (SGX: AIY / FRA: 1O3 / OTCMKTS: IFSTF)

    • A wealth management fintech operating a global digital platform, iFAST serves investors across Singapore, Hong Kong, Malaysia, China, and the United Kingdom through its non-banking divisions and its UK-based digital bank, iFAST Global Bank.

    • For the first quarter of 2026 (1Q2026), the fintech delivered a strong set of results.

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF)

    • A familiar name in Singapore, DBS is Singapore’s largest bank by assets and a premier financial services group across Asia.

    • The lender operates a deeply diversified franchise spanning consumer banking, wealth management, and institutional banking across multiple regional hubs.

🇸🇬 DBS vs. NVIDIA: Which One Protects Your Wealth Better? (The Smart Investor)

• Both DBS and NVIDIA have rewarded shareholders handsomely over the years. But when markets turn volatile, which stock is better equipped to preserve and grow your wealth?

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF): The Case for Stability and Income

    • On one hand, we have the dominant bank in Singapore and Southeast Asia, DBS.

    • DBS already commands a leading market share in loans and deposits in Singapore, but it’s also trying to expand overseas.

    • The power of consistent dividends

    • Strong capital position and resilience

  • NVIDIA: The Case for Growth and Innovation

  • Head-to-Head: Which Protects Wealth Better?

  • The Hidden Answer: Why It May Not Be Either-Or

  • Get Smart: Wealth Protection Means More Than Avoiding Risk

🇸🇬 Beyond Blue-Chip: 3 SGX Stocks Quietly Buying Back Their Own Shares (The Smart Investor)

• While headline buybacks grab attention, these three lesser-known SGX stocks are using strong cash flow to reward shareholders through share repurchases.

  • Credit Bureau Asia Ltd (SGX: TCU)

    • Credit Bureau Asia (CBA) sells credit and risk information to banks, financial institutions and government bodies across Southeast Asia. It bought back S$113,170 of shares over the first five months of 2026. A small sum, but not a small thing for a company this size.

    • The balance sheet is where the comfort lies.

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

    • The company makes consumable tools and parts used in semiconductor manufacturing, and it repurchased S$368,321 of its shares over the period.

    • The recent numbers show why management might rate the stock.

  • Kimly Ltd (SGX: 1D0)

    • One of Singapore’s largest coffee shop operators, Kimly was the busiest buyer of the three. It repurchased S$538,682 of shares over the period. It is also the one that needs reading with the most care.

  • Get Smart: The Signal Beneath the Small Numbers

🇸🇬 The “Wallet Test”: 5 Companies You Give Money to Everyday (That Should Be Paying You) (The Smart Investor)

• Some of the businesses you spend money on daily could also become long-term investments that pay you dividends and grow your wealth over time.

• Here are five companies many Singaporeans use daily, and why investors still like them.

  • Sheng Siong Group (SGX: OV8 / OTCMKTS: SHSGF)

    • If you live in Singapore, chances are you’ve dashed into a Sheng Siong supermarket for groceries or a quick household fix.

    • For starters, this supermarket chain stands out for its tight operations, steady cash flow, and reliable profits.

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF)

  • Singapore Telecommunications Ltd (SGX: Z74 / FRA: SIT / SIT4 / OTCMKTS: SGAPY / SNGNF), or Singtel

    • From mobile plans and broadband to roaming and digital services, Singtel is woven into the everyday life for many Singaporeans.

    • Singtel attracts investors with its stable cash flow and its growing footprint in digital infrastructure.

  • ComfortDelGro Corporation (SGX: C52 / FRA: VZ1 / VZ10 / OTCMKTS: CDGLF / CDGLY), or CDG

    • If you live in Singapore, you would have taken a CDG taxi or hopped onto one of its buses.

    • CDG operates an essential service business supported by recurring commuter demand and defensive cash flows.

  • CapitaLand Integrated Commercial Trust (SGX: C38U / OTCMKTS: CPAMF), or CICT

    • CICT stands out as Singapore’s largest REIT, offering an exposure to a diversified portfolio of prime retail and commercial properties, such as Plaza Singapore, CapitaSpring, and the impending acquisition of Paragon.

  • What Makes a Consumer Habit a Potential Investment Opportunity?

  • Get Smart: Turn Everyday Spending Into Passive Income.

🇸🇬 5 Stocks That Can Let You Earn Dividends Every Month — Seriously (The Smart Investor)

• Most dividend stocks pay only once or twice a year. But with the right mix of companies and REITs, investors can potentially build a portfolio that generates income almost every month.

• The Monthly Paying Portfolio

• However, dividends are sustainable only if they’re backed by quality businesses – so let’s take a deeper look at how they fare.

🇹🇭 PTT Exploration and Production Public Company Limited (PEXNY) Presents at Morgan Stanley Virtual ASEAN Conference 2026 – Slideshow (Seeking Alpha)

🇮🇳 Mukesh Ambani’s Jio set to file for IPO as hopes grow for end to India’s listings drought (FT) $ 🗃️

🇮🇳 Indian billionaire Mukesh Ambani files for blockbuster Jio float (FT) $ 🗃️

🇮🇳 Bajaj Finserv (BJFIN IN) Vs Bajaj Finance (BAF IN): Parent and Subsidiary Drift Apart (Smartkarma) $

• Context: The Bajaj Finance Limited (NSE: BAJFINANCE / BOM: 500034) vs. Bajaj Finserv Ltd (NSE: BAJAJFINSV / BOM: 532978) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

• Highlight: Going long Bajaj Finserv (BJFIN IN) and short Bajaj Finance (BAF IN) targets a 6% return.

• Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.

🇮🇳 CMPDI: The Technical Backbone of India’s Mining Sector (Smartkarma) $

• Coal India (NSE: COALINDIA / BOM: 533278) is divesting 15% of CMPDI via a 100% OFS of 10.71 crore shares, aggregating approximately Rs. 1,838 crore, with post-offer promoter holding at 85%.

• CMPDI commands 61% market share in Indian coal and mineral consultancy, operates as quasi-monopoly, yet PAT fell 8.06% YoY in FY25 even as revenue grew 10.17%, raising earnings quality questions.

• Diversification away from Coal India is real and accelerating, but 67% revenue concentration in one customer group and structurally declining margins make the quality-of-growth debate central to this valuation

🇮🇳 NESCO Limited: The Mumbai’s Most Underrated Landlord. (Smartkarma) $

• NESCO Ltd (NSE: NESCO / BOM: 505355)’s FY26 income crossed INR 1,032 crore, led by 100% leased IT Park towers, Hall 6 ramp-up, and Foods revenue doubling to INR 238 crore.

• Its 65-acre Goregaon land bank has 86% unused FSI, creating rare Mumbai real-estate optionality with debt-free, high-margin operating cashflows.

• : Nesco is not just a rental business anymore; Tower 2, BEC expansion and Foods can drive the next compounding phase.

🇮🇳 LG’s Next Bet: Renting Appliances to Urban India (Smartkarma) $

• LG Electronics India Ltd (NSE: LGEINDIA / BOM: 544576) is evaluating an appliance subscription rollout in India, extending its global model that generated USD 1.8 billion in subscription revenue in 2025, growing 29% year on year.

• With 43 million rental homes and average-metro-tenancy shrinking to 1.3 years, India’s structural demand for asset-light living is real. LG’s manufacturing-ownership gives it a unit-economics edge no startup can replicate.

• LG’s subscription margins (low-to-mid teens) versus conventional sale margins (8-9%) make the strategic rationale compelling. Execution depth across Indian cities remains the critical unknown worth tracking.

🇮🇳 Suzlon 2.0: 10 GW Sales Target, 70 GW Asset Ambition, and the Global Comeback (Smartkarma) $

• Suzlon Energy (NSE: SUZLON / BOM: 532667)’s June 3 “Suzlon 2.0” unveiling targets a fourfold jump in annual sales to 10 GW and managed assets to 70 GW by FY31, anchored on a wind-solar-storage pivot.

• The plan asks a company still dependent on Indian wind to replicate Xinjiang Goldwind Science Technology (HKG: 2208 / SHE: 002202 / FRA: CXGH / OTCMKTS: XJNGF / XNJJY)’s and Vestas’s shift to a full-stack integrator, while reviving international sales largely ceded a decade ago.

• FY26 execution was strong, but a muted stock reaction and softer order inflow flagged on the earnings call suggest the market wants proof before pricing in the ambition.

🇮🇳 Five Vedanta’s, One Big Question: Where Does the Debt Land? (Smartkarma) $

• Four Vedanta Ltd (NSE: VEDL / BOM: 500295) entities listed simultaneously on NSE and BSE, completing five-way demerger approved by NCLT Mumbai in December 2025, with combined market cap rising to Rs. 3.52 lakh crore.

• The restructuring is India’s largest conglomerate breakup in recent memory, unlocking sector-specific capital allocation, independent dividend policies, and direct investor exposure to aluminium, oil and gas, power, and steel.

• The discount-to-SOTP trade has partially closed on day one, but debt allocation per entity and commodity cycle positioning determine whether the $100 billion ambition is trajectory or theatre.

🇮🇳 Vedanta Power: A Defensive Play from Vedanta Franchise (Smartkarma) $

• Vedanta Power (NSE: VEDPOWER / BOM: 544781) has emerged as a separate listed power entity after the Vedanta demerger, giving investors a cleaner pure-play thermal power vehicle.

• India’s peak demand has continued to set new records, and thermal power still forms the core source of reliable baseload supply during demand peaks.

• The valuation case is less about the demerger event now and more about execution: Sakti Unit 2, coal-cost reduction, and free-cash-flow delivery.

🇮🇳 GE Vernova T&D India: The Grid Supercycle Has a Listed Proxy with Data Center Export Opportunity (Smartkarma) $

• FY26 net profit more than doubled to INR 1,233 Cr on revenue of INR 6,206 Cr (+45% YoY).

• Order backlog hit a record INR 21,456 Cr, up 49% YoY, anchored by a landmark HVDC VSC win from Adani Energy Solutions Ltd (NSE: ADANIENSOL / BOM: 539254).

• India’s Rs 9.15 lakh crore grid modernization plan through 2032 is structural, not cyclical. GE Vernova (NYSE: GEV) is one of only 2-3 credible end-to-end HVDC players globally available to India’s grid.

🇮🇳 Viyash Scientific: Animal Health + Life Science, Targeting 1000Cr EBITDA (Smartkarma) $

• Viyash Scientific Ltd (NSE: VIYASH / BOM: 512529), an animal health and life sciences platform, completed its rebrand from Sequent Scientific in Jan 2026 and acquired Bio-For-Life Italia for INR 188 crore.

• The merger lifted EBITDA margin by 560 bps to 20.5%, reduced net debt to 0.2x EBITDA, and broadened the platform across APIs, intermediates and CDMO.

• The integration has worked. FY27 will test whether synergy benefits convert into revenue growth and whether CDMO can scale beyond its current INR 70-90 crore base.

🇮🇳 RACL Geartech: From Gear Maker to Global Precision Platform (Smartkarma) $

• RACL Geartech Ltd (NSE: RACLGEAR / BOM: 520073), a precision auto components manufacturer, delivered its highest-ever FY26 consolidated revenue of INR 512 crore. PBT more than doubled, while standalone debt-to-EBITDA fell to 1.75x.

• Key wins from Royal Enfield, Kawasaki Japan, BRP Canada, and ZF indicate broader customer, geography, and product diversification beyond its Europe-heavy export base.

• BMW EV and Kawasaki SOPs from Q2 FY27 are key growth triggers. Margin softness and working capital intensity remain risks, INR 1,000 crore is the 3-5-year target.

🇮🇳 NSE Business Model: The Toll Booth Running India’s Markets! (Smartkarma) $

• NSE filed DRHP with SEBI (June 17, 2026) revealing that options trading now generates 60% of operating revenue, making the exchange world’s most active derivatives market for seventh consecutive year

• 22.45 crore Demat accounts and investor penetration still 13.45% of India’s population, NSE sits at centre of long structural financialization story but regulatory curbs (F&O trading) dented FY26 revenue.

• NSE’s moat is real and enormous, but the business is far more concentrated than it looks: strip out options revenue and what remains is a smaller and slow growing franchise.

🇮🇳 Reliance AGM 2026: Jio IPO Trigger, AI Execution, Retail and New Energy (Smartkarma) $

• Jio Platforms’ board approved the DRHP and the filing moved to SEBI, formally starting the IPO process after years of anticipation

• Standalone price discovery for Jio can reduce RIL’s conglomerate opacity, especially as JPL now reports FY26 EBITDA of 76,255 crore and PAT of 30,049 crore

• The thesis shifts from “unlock optionality” to “execution sequencing”: Jio is the near-term catalyst; Retail, AI and New Energy are medium-term proof point

🇮🇳 RPPL: Decent Performance Despite Macro Challenges (Smartkarma) $

• Q4FY26 YoY revenue growth was flattish, however, profitability improved significantly led by better product mix and operating efficiencies as Rajshree Polypack Ltd (NSE: RPPL) (”RPPL”) rationalized low-margin products and low-value clients.

• During FY26, exports led by injection molding, a relatively new segment for RPPL, drove the growth. Even domestic growth has been strong for Olive Ecopak (disposable tableware) and injection molding.

• Weak demand from a key customer has dampened growth in thermoforming products. No major capacity expansion is planned in thermoforming as focus is on improving utilization and profitability.

🇮🇱 Tower Semiconductor: I’m Doubling Down, This Is Still A Sell (Seeking Alpha) $ 🗃️

🇮🇱 Tower Semiconductor: Silicon Photonics Should Push Its Share Price To New Highs (Seeking Alpha) $ 🗃️

🇮🇱 Mobileye: Late To The Robotaxi Game (Seeking Alpha) $ 🗃️

🇮🇱 Mobileye: Robotaxi Boosts The Bull Thesis (Rating Upgrade) (Seeking Alpha) $ 🗃️

🇦🇪 Yalla Group: An Asymmetric Tech Bet Trading At The Ultimate Cash Floor (Seeking Alpha) $ 🗃️

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

🌍 Helios Towers: Growth Accelerates, Guidance Raised, Buy Rating Reaffirmed (Seeking Alpha) $ 🗃️

🇿🇦 Vukile Property Fund Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

• 🇿🇦 🇪🇸 Vukile (JSE: VKE) – Retail REIT (urban, commuter, township & rural malls) operating in South Africa & Spain.

🇿🇲 Jubilee Metals Group PLC (JUBPF) Discusses Molefe Mine’s Role in Zambia Copper Strategy and Operational Progress – Slideshow (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. 🇼 🏷️

🇵🇱 LPP SA 2027 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

• 🌍 LPP SA (WSE: LPP / FRA: 1RY) – Polish family company that dresses customers in nearly 40 global markets. Largest fashion company in Central & Eastern Europe. 5 clothing brands: Reserved, Cropp, House, Mohito & Sinsay. 🇼 🏷️

🌎 Globant: Rating Upgrade As The Proof Gap Narrows (Seeking Alpha) $ 🗃️

🌎 The Curious Case Of Liberty Latin America’s Big Special Dividend (Seeking Alpha) $ 🗃️

🇦🇷 CorporacióN AméRica Airports: Strong Execution Keeps Shares Flying Higher (Seeking Alpha) $ 🗃️

🇦🇷 BBVA Argentina: Good Operating Performance, But Premium Valuation Makes Me Cautious (Seeking Alpha) $ 🗃️

🇧🇷 Ambev: Don’t Ignore This High-Quality Beverage Leader (Seeking Alpha) $ 🗃️

🇧🇷 Cosan: The Unwind Takes Shape, The Discount Deepens (Upgrade To Hold) (Seeking Alpha) $ 🗃️

🇧🇷 CI&T: Internal Paper And External Survey Address AI Concerns (Seeking Alpha) $ 🗃️

🇧🇷 SLC Agrícola S.A. (SLCJY) Presents at Citi 18th Annual Brazil Equity Conference – Slideshow (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). 🇼 🏷️

🇧🇷 Ultrapar: Ipiranga Refuels The Story, But I Still Stay On Hold (Seeking Alpha) $ 🗃️

🇨🇴 Notes on Colombia’s runoff election results – June 2026 (Latin America Risk Report)

• For the second time this month in Latin America, a far-right candidate defeated a far-left candidate for the presidency by less than one percent of the vote in a second-round runoff election. Fewer than 300,000 votes separate Abelardo de la Espriella and Ivan Cepeda of the nearly 26 million votes cast. It’s a larger margin than Fujimori’s in Peru, but not by much.

• Meanwhile, the austerity rhetoric will not be matched by real cuts in Colombia’s budget. Abelardo will embrace rightwing economic populism along the lines of Bolsonaro or Trump rather than Milei. Austerity rhetoric will mask some big spending. The problem for Colombia is that it can’t afford it, even in the short term, the way the US or Brazil can. Petro has left the country in a fiscal mess and deserves the blame, but the new president is unlikely to fix it and may even make it worse.

🇨🇴 GeoPark: All Eyes On Colombian Elections As The Vaca Muerta Story Starts To Take Shape (Seeking Alpha) $ 🗃️

• 🌎 GeoPark Ltd (NYSE: GPRK / LON: 0MDP / FRA: G6O) – Leading independent Latin American oil & gas explorer in Colombia, Ecuador, Chile & Brazil. 🏷️

🇲🇽 Grupo Aeroportuario del Centro Norte: A World Cup Host, And Broader Bullish Outlook (Seeking Alpha) $ 🗃️

🇵🇪 Credicorp: Good Macroeconomic Backdrop, But Valuation Limits Upside (Seeking Alpha) $ 🗃️

• 🌎 Credicorp (NYSE: BAP) – Universal banking, insurance & pension platform, microfinance, investment banking & wealth management. 🇼

🌐 Nebius: Time To Sell… Almost (Rating Downgrade) (Seeking Alpha) $ 🗃️

🌐 Nebius: The Road To $400 (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):

MetaOptics (Uplisting) MOT Roth Capital Partners/The Benchmark Company, 3.0M Shares, $5.00-7.00, $18.0 mil, 6/26/2026 Week of

Note: This is NOT an IPO. This is a NASDAQ Uplisting – a public offering – from the Singapore Stock Exchange, where MetaOptics’ ordinary shares have been listed on the Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) since Sept. 9, 2025, under the ticker symbol “9MT” – according to the prospectus.

(Incorporated in the Cayman Islands)

We are a Singapore-based company that designs and manufactures metalenses – ultra-thin flat optical lenses that are smaller, lighter and more power efficient than traditional curved lenses.

Making Miniaturization Possible is our mission.

Note: MetaOptics says its metalens technology accommodates the demand for smaller and lighter lenses in smartphones, automotive technology and other uses.

From the prospectus:

We are a vertically integrated metalens technology company, combining core competencies across metalens equipment, foundry, products, and metaoptics artificial intelligence (“AI”). We conduct our operations through our wholly-owned subsidiaries in Singapore and the United States.

Metalenses are ultra-thin flat-surface lenses which are smaller, lighter, consume less power, and offer a wider field of view, compared to conventional optical lenses. The unique flatness of metalenses enables the correction of optical defects, delivering reasonable quality color images. Leveraging our AI-based algorithm and processing software, which incorporates several advanced algorithms to enhance the optical design and image processing, our metalens technology can further sharpen the images to achieve higher resolution and enhanced image quality, and allow users to manipulate the individual red, green and blue (“RGB”) channels to edit the color images through computational reconstruction. We believe that our innovations have transformative potential in shaping next-generation optical systems.

Our operations are centered on the design and manufacture of metalenses and metalens prototypes, and to demonstrate the viability, efficacy, applications and use cases of our metalenses, we have expanded our operations to include the development of metalens camera modules and metalens Internet of Things (“IoT”) products, such as infrared metalens cameras, pico projectors, and IoT metalens color cameras. Our metalenses have also been integrated into a wide range of applications by our customers, including fifth generation (“5G”) smartphones, contactless three-dimensional (“3D”) biometric modules, projectors, and for industrial applications such as IoT devices, light detection and ranging (“LiDAR”) devices and heads-up displays (“HUDs”) for planes and self-driving cars, and augmented reality/virtual reality (“AR/VR”) devices. To date, although we have achieved mass production capabilities for our metalens prototypes (“mass production” in our perspective refers to the shipment of one million metalens units per year), we have not yet received a critical mass of purchase orders from our customers necessitating mass production of our metalenses.

To facilitate small-scale production of our metalenses to fulfil purchase orders, reduce concentration risk and diversify our supply chain, and to demonstrate the manufacturing capabilities for our metalenses, we also design and produce equipment for the manufacture of metalenses, in particular 4-inch direct laser writers (“DLWs”). Our 4-inch DLWs enable our customers to revise specifications and design of metalenses directly, reducing the lead time and providing for a shorter turnaround time from prototyping to testing and deployment into end products. In addition, our metalens equipment offerings have grown to include the design and production of metalens automatic testers, for use by our customers to ensure quality control of metalenses prior to shipment. These capabilities enable us to serve as a one-stop provider of metalens and metalens IoT products, offer customers comprehensive end-to-end services, and preserve and grow our competitive advantage in the industry.

We offer our products to manufacturers of automotives, AR/VR devices, consumer electronic appliances, end-customers, and traders for the distribution of such products. While we offer our products worldwide, our existing customers for metalens equipment, metalenses and IoT products are mainly located in Singapore, Japan, South Korea, China, Taiwan, the United States, and several countries in Europe.

We intend to use the net proceeds from this offering primarily to support our expansion plans in the United States. See “Use of Proceeds.”

Note: Net loss and revenue are in U.S. dollars (converted from Singapore dollars) for the year that ended Dec. 31, 2025.

(Note: MetaOptics cut its NASDAQ Uplisting deal’s size to 3 million American Depositary Shares (ADS) – down from 4 million ADS – and disclosed a price range of $5.00 to $7.00 – a change from the assumed price of $8.15 per share – to raise $18 million, according to an F-1/A filing dated June 10, 2026. Each ADS equals 12 ordinary shares.)

(Background: MetaOptics disclosed the terms for its NASDAQ Uplisting – a small public offering – on May 18, 2026, in an F-1/A filing: 4 million ADS at an assumed price of $8.15 to raise $32.6 million. The price – $8.15 – is the as-converted last price of MetaOptics’ shares on May 15, 2026, on the Singapore Exchange. Initial Filing: MetaOptics filed its F-1 for its uplisting to the NASDAQ – an offering that MetaOptics calls its IPO – on May, 4, 2026, without disclosing the terms. MetaOptics’ stock is listed on the Singapore Stock Exchange under the ticker “9MT” – according to the prospectus. Estimated proceeds for the NASDAQ uplisting – public offering – were up to $23 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 (June 22, 2026) was also published on our website under the Newsletter category.

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