Emerging Market Links + The Week Ahead (June 8, 2026)

I asked DeepSeek to do a quick summary of this normally lengthy post (in the past, it would hiccup when given anything potentially “negative” about China…) and this is what it came up with:

Here’s a very short summary of what would interest investors most from this emerging market research digest, focusing on the highest-conviction themes and actionable catalysts:

Top Investor Takeaways:

• AI & Semiconductors Dominate: The AI trade remains the primary driver across Asia. Key angles include: 1) SpaceX’s Terafab and Anthropic’s upcoming IPO creating competitive pressure and capital allocation shifts for Korean giants like Samsung and SK Hynix (now cheap vs. Micron). 2) Chinese memory chip IPOs (CXMT, Longsys) signaling a domestic DRAM push. 3) Taiwan’s TSMC as the ultimate beneficiary of AI’s hardware arms race, and ASE Technology re-rating beyond traditional OSAT.

• China: Selective Recovery & Pivots: While the broad market struggles, pockets of strength exist. Meituan shows business recovery. PDD is pivoting to long-term supply chain investments, risking near-term profit pressure. GDS and VNET are winning massive AI-driven data center demand (record bookings for GDS). Trip.com is investing $2.2B to boost inbound tourism. Meanwhile, the credit card collapse is forcing banks to rethink consumer finance.

• Japan’s Demographic Cliff (Without Immigration): A structural short thesis emerges. Japan faces a debt/pension crisis and depopulation (nearly half of municipalities at risk of vanishing by 2040). This has massive long-term implications for consumption, labor, and government solvency.

• Korea: Shareholder Returns & Retail Frenzy: Expect continued volatility driven by 2x leveraged ETFs on Samsung/Hynix and new weekly options. Positive catalysts include Shinyoung Securities canceling 32% of shares and Seah Holdings trading 11.5% below its tender offer price.

• High-Conviction Dividend & REIT Plays (Singapore): Analysts highlight DBS (record wealth fees, resilient despite falling rates), Sheng Siong (zero debt, cash machine), and Keppel DC REIT (AI-driven data center demand) as “forever stocks” for compounding. Several REITs (UHREIT, Elite UK) offer >7% yields with improving fundamentals.

• Risks & Controversies: Beware of Suzlon’s fictitious revenue penalty, Rajesh Exports’ alleged ₹15 lakh crore sales inflation (SEBI interim order), and Colombia’s election risk (right-wing populist surging, bond investors betting on spending cuts).

This response is AI-generated and for reference purposes only.

You can decide whether the above output is helpful or not…

$ = behind a paywall

• 🌏 Southeast Asia Stock Picks (April-May 2026) Partially $

  • SE Asia

    • 🇮🇩 Indonesia – GoTo Gojek Tokopedia Tbk PT, Kalbe Farma Tbk PT, Vale Indonesia Tbk PT, Pertamina Geothermal Energy PT Tbk, Indofood Sukses Makmur Tbk PT, MDTV Media Technologies Tbk PT, Hanjaya Mandala Sampoerna Tbk PT, Gudang Garam Tbk PT, Sumber Alfaria Trijaya Tbk PT, Bukit Asam Tbk PT, Astra International, PT Bank Syariah Indonesia Tbk, Bumitama Agri Ltd, Metropolitan Kentjana Tbk PT, PT Dayamitra Telekomunikasi Tbk, Indofood CBP Sukses Makmur Tbk PT, Bakrie & Brothers Tbk PT, Maharaksa Biru Energi Tbk PT, Charoen Pokphand Indonesia Tbk PT, Triputra Agro Persada Tbk PT, Bank Negara Indonesia, Ciputra Development Tbk PT, PT Indosat Ooredoo Hutchison Tbk, Bank Rakyat Indonesia Tbk PT, Bumi Resources Minerals Tbk PT, Indonesia Kendaraan Terminal Tbk PT, Aneka Tambang Tbk PT, PT Erajaya Swasembada Tbk, Bank Mandiri Tbk PT, Solusi Sinergi Digital Tbk PT, AKR Corporindo Tbk PT, Pakuwon Jati Tbk PT, Bank Central Asia (BCA) Tbk PT, Hartadinata Abadi Tbk PT, Japfa Comfeed Indonesia Tbk PT, Bank Tabungan Negara (Persero) Tbk PT, Buana Lintas Lautan Tbk PT, Jayamas Medica Industri Tbk PT, PT ITSEC Asia Tbk, Mitra Keluarga Karyasehat Tbk PT & Sarana Menara Nusantara Tbk PT

    • 🇲🇾 Malaysia – IHH Healthcare, Nam Cheong Ltd & Oiltek International Ltd

    • 🇵🇭 Philippines

    • 🇸🇬 Singapore – CapitaLand Ascott Trust, Valuetronics Holdings, Mapletree Industrial Trust, Raffles Medical Group, Nordic Group Ltd, Elite UK REIT, Addvalue Technologies Ltd, UI Boustead REIT, CapitaLand Ascendas REIT, ISDN Holdings Ltd, Telechoice International Ltd, Singapore Airlines, Delfi Limited, CSE Global Ltd, Ever Glory United Holdings Ltd, Mapletree Logistics Trust, Keppel Ltd, Lendlease Global Commercial REIT, CapitaLand Integrated Commercial Trust, Singapore Technologies Engineering Ltd, City Developments Limited, Prime US REIT, NTT DC REIT, Singapore Post Limited, AEM Holdings, Keppel DC REIT, ComfortDelGro Corporation, Genting Singapore, UMS Integration Ltd, AIMS APAC REIT, Hong Leong Asia Ltd, Q&M Dental, Jardine Cycle & Carriage, Beng Kuang Marine Ltd, StarHub, Manulife US Real Estate Investment Trust, Coliwoo Holdings, Kimly Ltd, Venture Corporation, Keppel Infrastructure Trust, Sheng Siong Group, SIA Engineering Company, Oversea-Chinese Banking Corp (OCBC) & DBS Group, Olam Group Ltd, CapitaLand Investment Limited, ESR-REIT, Yangzijiang Maritime Development Pte Ltd, Reclaims Global Ltd, Suntec Real Estate Investment Trust, Digital Core REIT, OUE Real Estate Investment Trust, Sanli Environmental Ltd, Soon Hock Enterprise, Isoteam Ltd, Centurion Corporation Ltd, HRNetGroup, UOL Group Limited, Frasers Property Ltd, Info-Tech Systems, Far East Orchard Ltd, CapitaLand China Trust, Sembcorp Industries, Parkway Life Real Estate Investment Trust, Singapore Telecommunications Ltd, Sing Investments & Finance, Wee Hur Holdings Ltd, IX Biopharma Ltd, Hafary Holdings Ltd, UltraGreen.ai Ltd, GuocoLand Limited, Singapore Exchange Limited, MetaOptics Ltd, First Real Estate Investment Trust & United Hampshire US REIT

    • Singapore Broker’s Digest

    • 🇹🇭 Thailand – Bangkok Chain Hospital PCL, Central Pattana PCL, SC Asset Corporation, Krungthai Card PCL, Ratch Group PCL, Carabao Group PCL, Thai Airways International PCL, Berli Jucker PCL, CP ALL PCL, Hana Microelectronics PCL, PTT Public Company Limited, Bangkok Airways PCL, Srisawad Corporation PCL, Minor International PCL, Osotspa PCL, Moshi Moshi Retail Corporation PCL, Thai Beverage PCL, Klinique Medical Clinic PCL, PTT Global Chemical PCL, Indorama Ventures PCL, Central Retail Corporation PCL, Airports of Thailand PCL, Erawan Group PCL, Amata Corporation PCL, Charoen Pokphand Foods PCL, Electricity Generating PCL, Plan B Media PCL, Star Petroleum Refining PCL, PTT Oil & Retail Business PCL, Thanachart Capital PCL, Bangkok Dusit Medical Services PCL, WHA Corporation PCL, Muangthai Capital PCL, Bangchak Corporation PCL, GFPT PCL, AP (Thailand) PCL, Bangkok Commercial Asset Management PCL, KCE Electronics PCL, Betagro PCL, Asset World Corp PCL, Com7 PCL, Thaifoods Group PCL, Central Plaza Hotel PCL, Siam Global House PCL, IRPC PCL, Gulf Development PCL, Thai Oil PCL, Dohome PCL, Banpu PCL, Tidlor Holdings PCL, True Corporation PCL, CP Axtra PCL, MR. D.I.Y. Holding (Thailand) PCL, Global Power Synergy PCL, Advanced Info Services PCL, Thai Union Group PCL, Home Product Center PCL, PTT Exploration & Production PCL, Siam Cement PCL, Bumrungrad Hospital PCL, i-Tail Corporation PCL, Krung Thai Bank PCL, Bangkok Bank PCL, Ichitan Group PCL, SCG Packaging PCL, Delta Electronics Thailand PCL, Supalai PCL, TMBThanachart Bank PCL, Kiatnakin Phatra Bank PCL, Kasikornbank PCL, SCB X PCL, TISCO Financial Group PCL, Aeon Thana Sinsap Thailand PCL & Thai Coconut PCL

  • 🤖 DeepSeek Analysis

• 🌐 EM Fund Stock Picks & Country Commentaries (June 7, 2026) Partially $

  • “Why I Avoid Tech…,” China’s real estate crisis entering acute phase, European megatrends, passive is no longer neutral in tech heavy EMs, allocating beyond the US, Q1 international fund updates, etc. Contents

$ = 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

🌏 Asian LCY bond markets surge on bid to cut US dollar reliance (The Asset) 🗃️

• Aussie bond market becomes a favoured destination as issuers seek to diversify funding sources

• According to LSEG data, local currency bond issuance in Asia, outside of Japan and Australasia, has exceeded US$1.59 trillion equivalent as at May 15. The amount, though, represented a decline from US$1.68 trillion equivalent in the corresponding period a year ago. Nevertheless, the issuance in local currency bonds is surging in most markets across the region, underpinned by initiatives to reduce reliance on US dollar financing.

🇯🇵 What happens if Japan takes in zero immigrants? (Konichivalue)

• This leads to two massive issues for Japan:

• First, Japan’s insane national debt and its failing public pension system.

• This is the structural elephant in the room. Japan’s dependency ratio (the number of retirees aged 65 and above compared to working-age people) is rising sharply. It will hit 60% by the early 2030s and a staggering 80% before 2050. You have a rapidly shrinking pool of workers funding a massive, aging cohort.

• Second, a massive emptying out of Japan.

• According to the influential Masuda Report, without immigration, nearly half of all municipalities in Japan are at risk of vanishing entirely by 2040. By 2050, roughly 20% of regional areas could lose all of their inhabitants. Places like Akita, Aomori, and Kochi will see their populations plummet by over 30%.

🇨🇳 Chinese investors fear missing out on SpaceX IPO after crackdown (FT) $ 🗃️

🇨🇳 FXI Rebalance Preview: Two Changes Likely in June (Smartkarma) $

🇨🇳 China A50 ETFs Rebalance Preview: 5 Changes in June as the AI-Driven Churn Continues (Smartkarma) $

• Nearing the announcement of the changes in June, we forecast 5 potential constituent changes for the iShares A50 China (2823 HK) / CSOP China A50 (HKD) (2822 HK).

• Passive trackers are estimated to trade between 0.05 to 0.65 days of ADV in the forecast changes.

• The forecast adds have outperformed the forecast deletes over the last 2 months and the recent pullback offers an entry point into the implementation trade.

🇨🇳 Meituan: Business Recovery Well Underway, Reiterate Buy (Seeking Alpha) $ 🗃️

🇨🇳 Meituan: Downgrade To Hold As Structural Recovery Meets Cyclical Stagnation (Seeking Alpha) $ 🗃️

• 🇨🇳 Meituan (HKG: 3690 / 83690 / SGX: HMTD / FRA: 9MD / OTCMKTS: MPNGF / MPNGY) 🇰🇾 – Chinese shopping platform for locally found consumer products & retail services including entertainment, dining, delivery, travel etc. 🇼 🏷️

🇨🇳 JD.com, Inc. Class A – JD.com Just Hit Europe’s Red Line With Its $2.6 Billion Deal! (Smartkarma) $

• JD.com (NASDAQ: JD / SGX: HJDD) is suddenly at the center of a much larger debate than a routine overseas acquisition.

• Its planned $2.6 billion takeover of Germany’s Ceconomy, the owner of MediaMarkt, MediaWorld, and Saturn, has triggered an in-depth European Union foreign subsidies probe.

• Brussels is examining whether foreign financial support may have helped JD.com offer a high price or gain an unfair edge in the acquisition process.

🇨🇳 PDD’s RMB 100 Billion Pivot: Can Supply Chain Bets Offset Profit Pressure? (Smartkarma) $

• PDD Holdings (NASDAQ: PDD) or Pinduoduo reported total revenues of RMB 106.2 billion for the first quarter of 2026, marking an 11% year-over-year increase primarily driven by growth in transaction services, which rose 20% to RMB 56.3 billion.

• Revenue from online marketing services grew modestly to RMB 49.9 billion.

• The company emphasized a strategic pivot focused on long-term value creation through sustained investments in supply chain enhancements rather than short-term results.

🇨🇳 Kuaishou Technology: P&L Needs To Get Better For A Re-Rate To Happen (Seeking Alpha) $ 🗃️

🇨🇳 Tencent Music’s RMB 4.6 Billion Membership Engine Faces A New Competitive Test! (Smartkarma) $

• Tencent Music Entertainment Group (NYSE: TME) reported steady financial results for the first quarter of 2026 amid an increasingly competitive music streaming industry.

• The company’s total revenue grew 7% year-over-year, driven primarily by a 12% increase in music-related services revenue.

• Membership services generated RMB 4.6 billion, marking a 7% year-over-year growth, supported by ongoing enhancements to its membership offerings, including the launch of fan club memberships and diversified benefits combining digital albums, physical collectibles, and offline experiences.

🇨🇳 Zhihu looks to cutting-edge topics, offline events to beat AI (Bamboo Works)

• The Q&A site is trying to stay ahead of AI by focusing on leading topics where online material is still relatively rare, as well as real-world events that cater to desire for human interaction

• Knowledge-sharing site operator Zhihu Inc (NYSE: ZH) reported its rate of revenue decline slowed sharply in the first quarter, as it focuses on areas where it believes it has an edge over AI

• The company’s focus on discussion for leading-edge topics and offline events could have big potential, though its online novel and video initiative could face stiff competition

🇨🇳 ZTO Express: Anticipated Margin Expansion Should Drive Re-Rating (Seeking Alpha) $ 🗃️

🇨🇳 In Depth: Big Questions Loom as China’s Memory Chipmakers Prepare Blockbuster IPOs (Caixin) $

• For years, CXMT Corp. was losing money. Today, it is preparing for an IPO that some say could make it China’s most valuable listed company.

• CXMT, a leading producer of dynamic random-access memory (DRAM), the chips that serve as the working memory for just about every computerized system from smartwatches to data center servers, aims to raise 29.5 billion yuan ($4.3 billion) from a listing on Shanghai’s tech-focused STAR Market.

🇨🇳 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

🇨🇳 Cango cleans up its house. Now comes the hard part (Bamboo Works)

• The company paid off most of its long-term debt by selling down its bitcoin treasury, as it moves ahead with its new focus on modular high-performance computing for AI clients

• Cango (NYSE: CANG) paid off most of its long-term debt and sold most of its bitcoin holdings in the first quarter, dramatically reducing its assets and liabilities

• Following the balance sheet cleanup, the company is moving ahead with a pilot project offering high-performance computing services for small- and medium-size businesses

🇨🇳 MINIMAX-W: Guide to Lock-Up Expiry Waves (Smartkarma) $

(MiniMax Group (HKG: 0100 / FRA: E5A))

• The first unlock wave should dominate near-term liquidity as supply expands sharply.

• Revenue growth does not offset supply risk while losses remain deep and model read-through is mixed.

• Reported short interest shows investors are already positioning before the event.

🇨🇳 GDS Holdings: Stay Buy Rated As Underlying Orders Continue To Grow (Seeking Alpha) $ 🗃️

🇨🇳 GDS commits up to 50 billion yuan to capture booming AI data center demand (Bamboo Works)

• China’s largest independent data center operator said it plans to spend between 30 billion yuan and 50 billion yuan on new facilities over the next three years

• GDS Holdings Ltd (NASDAQ: GDS) logged a record 200 MW in new bookings during the first quarter, fueled by booming demand from customers developing and operating AI applications

• The company sustained steady double-digit growth for most of its major metrics in the quarter, as its cash reserves doubled following a series of fundraisings

🇨🇳 VNET Group: A ‘Buy’ On EBITDA Beat And Major Ownership Shift (Seeking Alpha) $ 🗃️

🇨🇳 VNET Group: Upgrade To HOLD As Hyperscale Wholesale Officially Anchors The Ship (Seeking Alpha) $ 🗃️

🇨🇳 Shareholders greet shape-shifting Impro Precision’s fundraising with skepticism (Bamboo Works)

• The company is trying to shed its traditional industrial casting label to pivot toward high-end precision manufacturing, prompting investors to re-evaluate its worth

• Impro Precision Industries Ltd (HKG: 1286 / FRA: 7IP) is raising HK$539 million through a share sale for capacity expansion and new process facilities at its plants in Mexico and China

• The company has been making inroads into the high-end medical market, with revenue from that business up over 50% last year

🇨🇳 Luxshare Precision (立讯精密) A+H Pre-IPO: Early Thought (Smartkarma) $

• Luxshare Precision Industry (SHE: 002475) is seeking an A+H listing. CITIC, GS, and CICC are the joint sponsors.

• We look at the company’s core segments: consumer electronics, automotive electronics, and communication and data center.

• We discuss our preliminary thoughts on the company’s fair value based on A-H premium.

🇨🇳 Li Auto: The Worst Print Is Behind, Not Ahead (Seeking Alpha) $ 🗃️

• 🌐 Li Auto (NASDAQ: LI) 🇰🇾 – Designs, develops, manufactures & sells premium smart electric vehicles. 🇼 🏷️

🇨🇳 XPeng: New GX SUV A Catalyst For Growth (Seeking Alpha) $ 🗃️

🇨🇳 Chery tiptoes into Japan with EV ‘kei’ microcar joint venture (Bamboo Works)

• China’s leading car exporter is targeting the insular Japanese market through a Singaporean joint venture, as the domestic car market struggles

• Chery Automobile Co Ltd (HKG: 9973)’s 27% stake in a Singaporean joint venture aiming to launch micro-EVs in Japan next year is a cautious first step into the world’s fourth largest auto market

• The carmaker is China’s leading exporter, with 177,666 vehicles sold abroad in May, about three times its domestic sales

🇨🇳 DiDi Global: Strong Q1 Reinforces Our Long-Term Investment Thesis (Seeking Alpha) $ 🗃️

🇨🇳 Autohome skids as China’s car market slams on the brakes (Bamboo Works)

• The online auto pioneer still makes money by connecting car buyers and sellers, but weak demand, falling ad budgets and new competition are eroding its old advantages

• Autohome (NYSE: ATHM)’s first quarter revenue fell nearly 28%, as automakers cut advertising and fewer dealers paid for its services in a sharply contracting China car market

• The company is more protected than car traders that hold inventory, but its results show how China’s auto slump is hurting online commerce, advertising and transaction services

🇨🇳 KE Holdings: Business Showed Improvements, But It Is Not Enough (Seeking Alpha) $ 🗃️

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

🇨🇳 Kanzhun Limited: Maintain Buy Rating As Fundamentals Remain Solid (Seeking Alpha) $ 🗃️

🇨🇳 Gaotu Techedu: Lots Of Uncertainty Makes Going Long Risky (Seeking Alpha) $ 🗃️

🇨🇳 Gaotu Techedu: Revenue Outperformance Is Overshadowed By Earnings Miss (Rating Downgrade) (Seeking Alpha) $ 🗃️

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

🇨🇳 Trip.com: Domestic Travel Strength And Global Expansion Remain On Track (Seeking Alpha) $ 🗃️

🇨🇳 Trip.com Plans $2 Billion Marketing Push for China Inbound Travel (Caixin) $

• Trip.com (NASDAQ: TCOM) plans to invest approximately 15 billion yuan ($2.2 billion) over the next five years in marketing campaigns aimed at bringing more overseas travelers to the Chinese mainland and helping make it the world’s top tourist destination.

• Nasdaq-listed Trip.com will allocate the funds toward brand endorsements, influencer promotions and offline marketing campaigns, co-founder and Executive Chairman James Liang Jianzhang said Monday at an inbound tourism forum in Guilin, Guangxi Zhuang autonomous region.

🇨🇳 H World Group: Asset-Light Mastery And Global Ambitions, Raising Target Price To $63 (Seeking Alpha) $ 🗃️

🇨🇳 Atour Lifestyle: Promising Prospects For Hotel And Retail Businesses (Seeking Alpha) $ 🗃️

🇨🇳 Atour Lifestyle Holdings Likely To Resume Moving Higher In Time (Seeking Alpha) $ 🗃️

🇨🇳 Miniso gets AI investment lift, as self-developed toys look for traction (Bamboo Works)

• The lifestyle retailer’s first-quarter report showed impressive headline profit growth, but a closer look reveals the increase owed to stock investment gains

• MINISO Group Holding (NYSE: MNSO) reported its first-quarter profit nearly tripled year-over-year, but much of the rise was due to investment gains unrelated to its core business

• The lifestyle retail operator’s Top Toy chain recorded more than 50% revenue growth during the quarter to 515 million yuan

🇨🇳 Here Group Limited 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Analysis: As Card Use Fades, Banks Rethink a Finance Staple for Chinese Consumers (Caixin) $

• China’s credit card industry is confronting an uncomfortable reality: after decades of rapid expansion, the business is shrinking, bad debts are rising and younger consumers are increasingly turning elsewhere for credit.

• Data from the People’s Bank of China show the number of credit cards and combined credit-debit cards in circulation fell to 687 million at the end of March, marking the 14th consecutive quarterly decline. The figure is down by roughly 120 million cards from its peak at the end of September in 2022.

🇨🇳 Yiren Digital left in the cold after parent freezes $4.4 billion in wealth products (Bamboo Works)

• The company’s shares fell nearly 25% over four days as investors worried about potential exposure to problems surrounding a major wealth management product issued by its parent

• CreditEase has reportedly suspended principal and interest distributions on $4.4 billion of wealth management products issued by its Heritvest unit

• Yiren Digital (NYSE: YRD) swiftly issued a statement emphasizing its operational independence from CreditEase, which is its parent

🇨🇳 LexinFintech Holdings Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇨🇳 Tiger Brokers to Curb Chinese Mainland Trades Under Beijing Clampdown (Caixin) $

• UP Fintech Holding (NASDAQ: TIGR), which operates Tiger Brokers, will stop allowing investors on the Chinese mainland to open new positions or deposit funds from June 12, amid Beijing’s tightening controls on cross-border investing.

• These investors will still be able to sell holdings, close positions and withdraw funds, the Nasdaq-listed company said.

• The move follows a directive from China’s securities regulator and seven other agencies ordering offshore brokerages to wind down illegal mainland-facing services over a two-year transition period.

🇨🇳 Vanke Keeps Focus on Cutting Losses, Restructuring Debt as Cash Troubles Persist (Caixin) $

• State-backed property developer China Vanke Co Ltd (SHE: 000002 / HKG: 2202 / FRA: 18V / OTCMKTS: CHVKF / CHVKY) will stay focused on cutting losses and restructuring debt this year as it remains mired in a severe liquidity crisis, executives said at its annual shareholders’ meeting on Friday.

• The announcement highlights the prolonged distress of one of China’s largest real estate developers, whose financial health has deteriorated despite massive liquidity injections from its state-owned largest shareholder.

🇨🇳 In Depth: China’s Housing Market Flashes Signs of Life in Core Cities (Caixin) $

• On May 3, the banquet hall of a Hilton Garden Inn in Shenzhen was filled to capacity. Within 40 minutes, buyers had snapped up all 92 apartments at Longhu Guancui, a newly launched residential project, making it the city’s first development in 2026 to sell out on its opening day.

• Such scenes have been rare in China’s property market in recent years. But since March, transaction activity has shown signs of a sudden revival in core metropolitan areas, particularly in the country’s four tier-one cities. The localized rebound has exceeded many industry expectations, raising hopes that China’s deepest and longest property downturn in recent history may be nearing a floor.

🇨🇳 China Developers Chase Prime Land as Broader Market Slumps (Caixin) $

• Intense bidding wars for prime residential plots have returned to major Chinese cities, but the selective frenzy masks a deeper contraction in developers’ land purchases.

• Between April 1 and May 28, at least 12 premium land parcels in cities including Beijing, Shanghai and Hangzhou drew 1,126 rounds of bidding and sold for a combined 26.9 billion yuan ($4 billion), with an average premium of 36%, according to data released Thursday by E-House China Research and Development Institution.

🇨🇳 Daqo New Energy: It’s A Waiting Game, Patience Required (Downgrade) (Seeking Alpha) $ 🗃️

🇨🇳 Daqo New Energy: A Desperate Pivot To AI As The Core Business Worsens (Seeking Alpha) $ 🗃️

🇨🇳 Daqo goes ‘back to the future’ with AI power equipment gamble (Bamboo Works)

• The polysilicon maker will partner with the Kunshan government to build a 6 billion yuan base producing electrical equipment to power AI data centers

• Daqo New Energy (NYSE: DQ) and the Kunshan Economic and Technological Development Zone will build a 6 billion yuan base to make AI data center electrical equipment

• The move comes just three years after Xu Xiang took over at the helm of the company from his father, and draws on Daqo’s origins as an electric power equipment maker

🇨🇳 Innovent’s $10.5 billion deal marks new model for China drugmakers (Bamboo Works)

• The Chinese biotech has added a major Pfizer collaboration to its growing roster of global deals, this time with a tighter commercial and profit-sharing partnership

• Co-commercialization deals like this are becoming a new pathway for Chinese drugmakers to realize their global ambitions

• Innovent Biologics (HKG: 1801 / FRA: 6IB / OTCMKTS: IVBXF / IVBIY) is already riding a wave of earnings momentum, with revenues from existing products jumping more than 50% in the first quarter

🇭🇰 HK confident of keeping crown as top cross-border wealth hub (The Asset) 🗃️

• Officials cite mainland policy support, measures to enhance financial ecosystem and tax regime

• Cross-boundary wealth in Hong Kong rose 10.7% to US$2.95 trillion in 2025, compared with Switzerland’s 7.6% growth to US$2.94 trillion, Boston Consulting Group ( BCG ) says in its Global Wealth Report 2026. It projects an annual 9% growth for Hong Kong through 2030.

• “With mainland flows representing over 60% of assets under management, Hong Kong is cementing its role as China’s gateway to global markets, though that same concentration ties its trajectory tightly to economic and regulatory developments on the mainland,” the report says.

🇭🇰 Hong Kong Insurance Sales to Mainland Chinese Unaffected by Investment Crackdown (Caixin) $

• Residents from the Chinese mainland seeking to buy insurance in Hong Kong remain unaffected by a recent regulatory crackdown targeting illegal cross-border investments, according to banks and industry executives.

• The reassurance follows a joint campaign launched by the China Securities Regulatory Commission (CSRC) and other ministries to curb illicit cross-border financial activities. The move prompted some Hong Kong banks to suspend opening new investment accounts for mainland clients.

🇭🇰 Johnson Electric Holdings Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇴 Macau’s May GGR above expectations but negatively impacted by low hold: Seaport (GGRAsia)

• Macau’s casino gross gaming revenue (GGR) in May “came in better than recent expectations,” supported by “strong premium play” but impacted by softer revenue in the VIP segment, “largely due to low hold,” says brokerage Seaport Research Partners,

• “We believe May GGR was negatively impacted by low VIP hold, following low hold in April; hold-adjusted growth would have likely been over 12 percent to 13 percent,” analyst Vitaly Umansky wrote in a Monday memo.

• Casino GGR in Macau rose 6.7 percent year-on-year in May, to just above MOP22.61 billion (US$2.80 billion), according to official data.

🇲🇴 Macau casino GGR grows 7pct y-o-y in May, to US$2.8bln: govt (GGRAsia)

• Casino gross gaming revenue (GGR) in Macau rose 6.7 percent year-on-year in May, to just above MOP22.61 billion (US$2.80 billion), showed data released on Monday by the city’s Gaming Inspection and Coordination Bureau.

• GGR for the month of May was 13.7 percent up on April’s MOP19.89 billion.

• The May result took the aggregate GGR so far this year to nearly MOP108.38 billion, 10.9-percent higher than in the prior-year period.

• Several brokerages had mentioned solid gaming demand during the five-day mainland China holiday, which encompassed Labour Day on May 1.

🇲🇴 Macau 2026 gaming growth seen slowing as capex rises: CLSA (GGRAsia)

• Macau’s casino industry is expected to post a slower growth trajectory in the second half of 2026 and in the coming years, amid tougher comparison bases, “limited room for surprises” regarding upward demand, and rising capital expenditure, all weighing on earnings and free cash flow, suggested a new report from brokerage CLSA.

• In a note titled “Back to the Slow Lane”, analyst Jeffrey Kiang said Macau’s gross gaming revenue (GGR) growth was likely to moderate, prompting the brokerage to trim its 2026 market forecast by 1 percent.

🇲🇴 MGM Resorts receives takeover offer from U.S. conglomerate People Inc (GGRAsia)

• MGM Resorts International (NYSE: MGM), United States-based parent of Macau casino operator MGM China Holdings Ltd (HKG: 2282 / FRA: M04 / OTCMKTS: MCHVF / MCHVY), confirmed on Monday it had received an 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.

• People Inc, formerly known as IAC Inc, is led by U.S. billionaire businessman Barry Diller.

🇲🇴 Potential MGM Resorts buyout could trigger review of Macau, Japan assets: analysts (GGRAsia)

• While analysts broadly view the bid as strategically credible, attention is increasingly turning to MGM Resorts International (NYSE: MGM)’ international assets, particularly its Macau unit and the company’s casino resort development in Osaka, Japan.

• Seaport Research Partners said MGM China Holdings Ltd (HKG: 2282 / FRA: M04 / OTCMKTS: MCHVF / MCHVY), 56-percent owned by MGM Resorts, could become one of the most important pieces in any post-acquisition restructuring. The brokerage raised the price target for MGM China, citing the Macau operator’s strong market-share performance in the local market and what it described as an “undemanding” valuation.

🇲🇴 Limited impact on MGM China debt outlook from takeover bid for its parent: CreditSights (GGRAsia)

• CreditSights says it sees “limited impact” on the debt profile of Macau casino operator MGM China Holdings Ltd (HKG: 2282 / FRA: M04 / OTCMKTS: MCHVF / MCHVY), from the potential takeover of its United States-based parent, MGM Resorts International (NYSE: MGM), by conglomerate People Inc, as announced on Monday in a deal valued by the suitor at US$18 billion.

• MGM China runs the MGM Macau and MGM Cotai casino resorts in the Macau market.

• “Any incremental debt” stemming from the deal, “is likely at the MGM Resorts level”, while MGM China’s bonds – “unlike the U.S. dollar bonds of MGM Resorts” – are covered” by a “change of control provision,” involving a “US$101 put”, CreditSights noted in a Tuesday memo .

🇹🇼 ASE Technology: No Longer Just An OSAT, The LEAP Ramp Changes Everything (Seeking Alpha) $ 🗃️

🇹🇼 First Financial Holding Co., Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇼 Hyperscalers Are Trying To Replace Nvidia’s GPUs – TSMC Gets The Upside Either Way (Seeking Alpha) $ 🗃️

🇹🇼 Nan Ya Printed Circuit Board (8046 TT) Tactical Outlook Ahead of Potential Inclusion in Top 50 ETF (Smartkarma) $

• As recently reported by Brian Freitas , Nan Ya Printed Circuit Board Corporation (TPE: 8046) is one of the primary candidates to be added to the Yuanta/P-Shares Taiwan Top 50 ETF.

• The stock has been identified by several analysts as a leading dark horse for inclusion in the ETF’s constituent reshuffle.

• This insight evaluates the stock’s current price for investors who want to position ahead of the potential rally driven by the upcoming inclusion in the Yuanta/P-Shares Taiwan Top 50 ETF.

🇰🇷 S.Korea, China to boost mutual air-traffic rights in first easing for seven years: reports (GGRAsia)

• South Korea and China have agreed to expand on a mutual basis weekly air-traffic rights between the two places – the first such easing since 2019, according to South Korean media. The deal followed bilateral aviation-related talks held in Seoul, the South Korean capital, in late May.

• Weekly passenger-flight rights between the two countries will be increased by circa 9pct, to 664 in aggregate from 608. Cargo-flight rights will be boosted by nearly 26 percent, to 68 a week in total, from 54, Reuters reported, citing South Korea’s Ministry of Land, Infrastructure and Transport.

• The ministry plans to allocate that nation’s share of the newly-secured flights to South Korean airlines in the second half of this year, reported respectively Reuters and Yonhap News Agency.

🇰🇷 Massive Net Selling of Korean Stocks by Foreign Investors in 2026: Having Significant Impact on FX (Douglas Research Insights) $

• Amid record rallies in the Korean stock market and the major semiconductor stocks in particular, there has been a massive net selling of Korean stocks by foreign investors this year.

• In this insight, I discuss the following three major items including net selling/buying of Korean stocks by foreign investors, domestic institutions, and domestic retail in the past 10 years.

• I also discuss percentage change in foreign ownership among the top 20 stocks in Korea and impact of the net selling of Korean stocks by foreigners on the KRW/USD rates.

🇰🇷 May casino sales at Lotte Tour’s Jeju Dream Tower up nearly 20pct y-o-y to US$33mln (GGRAsia)

• May casino sales for Lotte Tour Development (KRX: 032350) grew 19.5 percent year-on-year to KRW49.42 billion (US$32.77 million).

• That was as the foreigner-only casino (pictured in a file photo) at its Jeju Dream Tower resort saw double-digit percent increases in its table-game and machine-game sales. Judged sequentially, May casino sales edged up 1.0 percent.

• That is according to a Monday filing of Lotte Tour with the Korea Exchange.

🇰🇷 Paradise Co casino revenue up 21pct y-o-y in May (GGRAsia)

• Paradise Co Ltd (KOSDAQ: 034230) recorded casino revenue of just over KRW98.87 billion (US$65.1 million) in May, up 21.2 percent year-on-year.

• Judged month-on-month, such sales rose 13.1 percent for the company, an operator in South Korea of foreigner-only casinos.

• Table-game sales were just under KRW93.35 billion, up 21.4 percent from a year earlier, and up 14.3 percent from April.

• May machine-game sales were KRW5.52 billion, a gain of 18.2 percent year-on-year, but down 3.6-percent month-on-month.

🇰🇷 GKL reports US$28mln in casino sales for May, up 41pct from a year ago (GGRAsia)

• Grand Korea Leisure Co Ltd (KRX: 114090), an operator in South Korea of foreigner-only casinos, reported casino sales of KRW43.13 billion (US$28.2 million) in May, up 40.8 percent from a year earlier.

• Judged sequentially, such sales rose 7.3 percent, according to a filing to the Korea Exchange on Thursday.

• The firm’s May table-game sales were just above KRW38.84 billion, 43.3-percent higher than a year ago, and up 4.9 percent month-on-month.

🇰🇷 Magnachip Semiconductor: A Coiled Spring Play In The AI Era (Seeking Alpha) $ 🗃️

🇰🇷 Weekly Options for Samsung Electronics, SK Hynix, Hyundai Motor, and LGES to Be Launched on 29 June (Douglas Research Insights) $

• Korea Exchange will introduce single stock weekly options for Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF), SK Hynix (KRX: 000660), Hyundai Motor (KRX: 005380 / FRA: HYU / OTCMKTS: HYMTF), and LG Energy Solution (KRX: 373220) on 29 June.

• The main purpose of this launch of single stock weekly options is to satisfy investors’ demand for short-term investment and risk management through option products with one-week maturities.

• Nonetheless, it could also encourage some investors to shorten their trading periods through these new derivative instruments which could increase the overall leverage and volatility on these stocks as well.

🇰🇷 A 38% Increase in AUM of 2x Single Stock Leveraged ETF Products in One Week to 7.2 Trillion Won (Douglas Research Insights) $

• AUM of the 2x single stock leveraged ETF products for Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) and SK Hynix has increased by 38% in just one week to 7.2 trillion won on 2 June.

• The trading volumes of these 2x single stock leveraged ETFs for Samsung Electronics and SK Hynix (KRX: 000660) have exceeded 10 trillion won.

• By enabling amplified bets on these semiconductor giants, these products are intensifying intraday market volatility and concentrating retail trading flows around South Korea’s mega-caps.

🇰🇷 Sam-Ha-Ma Parity: Samsung and Hynix Look Cheap Again Versus Micron (Korea Invest Insights)

🇰🇷 Korea Is Watching Jensen Huang: What Changed Overnight? (Korea Invest Insights)

• After NVIDIA GTC Taipei, this note breaks the message into AI Factory, Vera CPU, Agent Runtime, AI PCs and Physical AI, then translates it into Korean equities: Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF), power infrastructure, robotics, Doosan and NAVER Cloud.

🇰🇷 Korea Small Cap Gem #62: S&D (Specializes on Korean Sauces and Food Ingredients) (Douglas Research Insights) $

• S&D Co Ltd (KOSDAQ: 260970) specializes in making Korean sauces, food ingredients, seasoning materials, and specialty health-related raw materials.

• Its price has declined by 60% since its highs in June 2025. Market has provided a “fat pitch” to buy S&D shares at a big discount to its intrinsic value.

• If I attach a 9x P/E on estimated net profit of 50.2 billion won (2028E), this would suggest market cap of 451 billion won (195% higher than current market cap).

🇰🇷 Shinyoung Securities: Cancellation of 32% of Outstanding Shares, Representing 1 Trillion Won (Douglas Research Insights) $

• On 4 June, Shinyoung Securities Co Ltd (KRX: 001720) announced its plans to cancel 5.26 million treasury shares (32% of outstanding shares), representing nearly 1 trillion won.

• I believe this big treasury shares cancellation is likely to have a positive impact on Shinyoung Securities by reducing outstanding shares and raising ROE and EPS.

• Shinyoung Securities is a mid-sized investment bank in Korea. It is well known for its excellent wealth management business and conservative (sometimes too conservative) management style.

🇰🇷 Seah Holdings – A Trading Opportunity on a Tender Offer of 30 Billion Won (Douglas Research Insights) $

• A trading opportunity has opened up after the sharp decline in Seah Holdings’ share price on 5 June. Tender offer price (160,000 won is now 11.5% higher than current price).

• On 20 May, Seah Holdings Corp (KRX: 058650) announced a tender offer of 30 billion won worth of its own shares to improve shareholder value.

• My base case NAV analysis of Seah Holdings suggests NAV per share of 212,757 won, representing 48% higher than current price.

🇰🇷 Samsung Electronics (005930 KS) Tactical Outlook Ahead of Potential Pullback (Smartkarma) $

• Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) has closed up for 10 weeks in a row, doubling in price, nothing unusual in the context of the stock’s extremely bullish behavior since early 2025.

• The rally was already analyzed in early May 2026. In this insight we will focus exclusively on the support price zones that Samsung Electronics may reach starting this coming week.

• We expect a global sell-off following the US markets pullback on Friday. It may be short-lived according to our model, or at least it will be so for Samsung Electronics….

🇰🇷 SpaceX’s Terafab Semiconductor Manufacturing Facility – Received Local County Approval in Texas (Douglas Research Insights) $

• In the past week, one of the biggest news flow in the global semiconductor industry was that SpaceX’s Terafab semiconductor company is proceeding with its $55 billion investment.

• Surging semiconductor chip prices and sales/earnings/stock prices of major global semiconductor companies have given additional impetus for Elon Musk to accelerate the building of his semiconductor manufacturing facility in Texas.

• The launch of Terafab is a long-term negative on Samsung Electronics (KRX: 005930 / 005935 / LON: BC94 / FRA: SSUN / OTCMKTS: SSNLF) and SK Hynix (KRX: 000660). Aggressive expansion of Terafab is likely to increase competition for manufacturing AI related semiconductor chips.

🇰🇷 Initial Thoughts on the Anthropic IPO in 2H26 and Key Beneficiaries in Korea (Douglas Research Insights) $

• In this insight, I discuss my initial thoughts on the mega Anthropic IPO in 2H26 and the key beneficiaries of this IPO in Korea.

• I provide a list of top six Korean companies that could benefit from the upcoming Anthropic IPO in 2H 2026.

• Combined market caps of Anthropic, SpaceX, and OpenAI are likely to be around $4 trillion or more. Once listed, this could negatively impact investors’ capital allocation to other tech stocks.

🇰🇷 SpaceX IPO Shares Distribution in Korea & Impact on Aerospace/Other Related Stocks in Korea (Douglas Research Insights) $

• There has been a change in the distribution of SpaceX IPO shares in Korea. SpaceX plans to distribute its IPO shares in Korea through private placement basis in Korea.

• Mirae Asset Securities (KRX: 006800 / 520003 / 00680K) has applied for a SpaceX public offering volume worth approximately $5 billion (7.5 trillion won).

• The SpaceX IPO could potentially result in some institutional investors reducing their holdings in aerospace related companies in Korea.

🇮🇩 PT Sarana Menara Nusantara Tbk. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Malayan Banking Berhad 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇲🇾 Hibiscus Petroleum Berhad 2026 Q3 – Results – Earnings Call Presentation (Seeking Alpha)

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

🇵🇭 Pagcor chief says Philippine GGR could fall by as much as 19pct this year: reports (GGRAsia)

• The Philippine gambling sector could see gross gaming revenue (GGR) decline by as much as 19 percent this year, amid the impact of tighter online-gaming payment restrictions, and economic pressures linked to the conflict in the Middle East, according to the head of the country’s gaming regulator.

• Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), said he expected industry-wide GGR to reach between PHP320 billion (US$5.19 billion) and PHP350 billion this year, compared with PHP396.14 billion recorded in 2025.

• “Personally, I believe that it will be a lower GGR compared to 2025. Probably we are looking at maybe PHP320 billion to PHP350 billion,” Mr Tengco told reporters on the sidelines of the SiGMA Asia Summit 2026 in Manila, per a report from the Business World media outlet.

🇵🇭 DigiPlus clinches subscription to US$200mln in International Ent’s convertible notes (GGRAsia)

• Hong Kong-listed International Entertainment Corporation (HKG: 1009) said on Tuesday that Philippines-licensed online gaming operator DigiPlus Interactive (PSE: PLUS) has completed a second subscription to convertible notes in International Entertainment, to a value of HKD800 million (US$102.1 million).

• 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). The property, long known as New Coast Hotel Manila, is currently being promoted as LaVie Resort & Casino Manila.

• Philippines-listed DigiPlus has subscribed to two tranches of International Entertainment’s convertible notes, to a principal amount of HKD1.60 billion.

🇸🇬 Genius Group Limited (GNS) Discusses AI Treasury Strategy and Execution of Phase 1 – Slideshow (Seeking Alpha)

🇸🇬 BW LPG: The Rally Was Earned, And The Dividend Case Still Holds (Seeking Alpha) $ 🗃️

🇸🇬 Sea Limited: Top GARP And PEG Pick For Patient Investors (Rating Upgrade) (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). 🇼 🏷️

🇸🇬 Top Stock Market Highlights of the Week: Anthropic, Keppel, CapitaLand Ascott Trust and Berkshire Hathaway (The Smart Investor)

• We look at a record AI funding round backed by Singapore’s sovereign funds, a major new power plant for a local blue-chip, a hospitality REIT divestment, and Warren Buffett’s deepening bet on Big Tech.

• This week’s highlights capture that exact momentum: Singapore’s sovereign wealth funds, GIC and Temasek, just backed a historic, record-breaking fundraise for AI giant Anthropic, while Warren Buffett’s Berkshire Hathaway (NYSE: BRK.B) poured an additional US$10 billion into Alphabet (NASDAQ: GOOGL).

• Closer to home, Keppel Ltd (SGX: BN4 / FRA: KEP / KEP1 /OTCMKTS: KPELY / KPELF) massively boosted its power capacity with a future-ready plant, and CapitaLand Ascott Trust (SGX: HMN / OTCMKTS: ATTRF) unlocked premium value by divesting a prime local hotel.

  • Keppel boosts power capacity by 45%

    • Keppel Ltd saw its power-generating capacity jump 45% after the Keppel Sakra Cogen Plant, Singapore’s first hydrogen-compatible combined cycle power plant, began commercial operations on 29 May 2026.

    • The plant is 70% owned by Keppel Asia Infrastructure Fund and 30% owned by Keppel directly.

  • CapitaLand Ascott Trust divests Robertson House

    • CapitaLand Ascott Trust, or CLAS, announced on 29 May 2026 that it will divest The Robertson House by The Crest Collection in Singapore for S$360.0 million.

    • The 336-unit hotel is being sold to an unrelated third party at 4.0% above its book value as at 31 December 2025, and at an exit yield of 2.3%.

🇸🇬 Singapore Dividend Stocks Are Rallying: Should Investors Take Profit or Hold? (The Smart Investor)

🇸🇬 May 2026: 3 Blue-Chip SGX Stocks That Outran the Market (The Smart Investor)

• The Straits Times Index barely budged in May. These three blue chips left it far behind — and the reasons say more about their businesses than the market mood.

• Here’s what was behind the moves.

  • SATS: Is the global transformation finally paying off?

    • For two years, the question that hung over SATS Ltd (SGX: S58 / FRA: W1J / OTCMKTS: SPASF) was whether its 2023 acquisition of Worldwide Flight Services could turn sheer scale – more than 225 stations across 27 countries – into something shareholders could bank on.

    • Its fiscal 2026 results (FY2026), covering the year to 31 March 2026, gave the clearest ‘yes’ yet.

  • Venture Corporation: Are the green shoots real?

    • Venture Corporation (SGX: V03 / FRA: VEM / OTCMKTS: VEMLF) came into 2026 carrying a different burden: a contract manufacturer waiting out a cyclical trough, with investors unsure when demand would turn.

    • Its first-quarter results (1Q2026) suggested the wait was over.

  • DBS Group: Can fees carry the franchise as rates roll over?

    • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) posted the smallest beat of the three, yet arguably the most instructive one.

    • Its 8.9% return came in a quarter when the easy tailwind – high interest rates – was clearly fading.

  • Get Smart: The Market Rewards Answered Questions

🇸🇬 The Mid-Year Review: 3 Singapore Stocks Showing Strong 1H 2026 Resilience (The Smart Investor)

• The first half of 2026 has tested investors with volatility, inflation concerns, and uneven global growth. Yet some Singapore stocks have continued delivering resilient earnings, stable cash flow, and steady execution despite the uncertainty.

  • What “Resilience” Means in 2026

  • Oversea-Chinese Banking Corp (OCBC) (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY), or OCBC — The Earnings Stability Leader

    • Banks are often tied to the health of the local and global economy.

    • Hence, you would think that a bank would be the last to report an increase in profits given the falling interest rates.

    • Nevertheless, OCBC turned in a surprisingly strong report card for its latest quarter ending 31 March 2026 (1Q2026) with net profit rising 5% year on year (YoY) to nearly S$2 billion.

  • Vicom Ltd (SGX: WJP), or VICOM — The Cash Flow Compounder

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF), or STE — The Structural Growth Resilience

    • The last company on the list is seeing higher demand amid increased global defence spending in part due to the Middle East conflict.

    • Indeed, STE displayed no sign of slowdown, posting a double-digit growth in group topline for the quarter ending 31 March 2026 (1Q2026).

  • What These Stocks Have in Common

  • Get Smart: Resilience Is Often Revealed During Difficult Markets

🇸🇬 The June 2026 Watchlist: 3 Dividend Stocks Showing Strong Fundamentals (The Smart Investor)

• These three dividend stocks are on the June 2026 watchlist for their resilient earnings, healthy cash flow, and ability to keep rewarding shareholders over the long term.

  • Why Fundamentals Matter More Than Yield

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

    • In times of turbulence, dividends become more predictable, and DBS becomes even more appealing.

    • The biggest bank in Singapore generates stable income, enjoys strong capital buffers, and has recurring income streams through its retail, wealth, and corporate businesses.

  • Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY), or SGX — The Dividend Growth Compounder

    • When it comes to dividends, consistency often wins the race.

    • That is where SGX continues standing out, steadily growing its payouts while building a resilient, multi-asset business model.

    • The exchange delivered another strong set of results in 1HFY2026.

  • Keppel DC REIT (SGX: AJBU / OTCMKTS: KPDCF), or KDCREIT — The High-Quality REIT or Infrastructure Play

    • As the digital economy expands, demand for data centres continues rising, and KDCREIT sits right at the heart of that trend.

    • The REIT stands out for its vital data centre facilities which generate stable rental income through long-term leasing agreements and rising demand for cloud and AI infrastructure.

  • Why These Stocks Could Remain Attractive Through 2026

  • Get Smart: Great Dividend Stocks Are Built on Great Fundamentals

🇸🇬 3 Debt-Free Small-Cap Stocks with Growing Dividends (The Smart Investor)

• Three SGX-listed small caps – spanning recruitment, SaaS, and data services — all raised their payouts in 2025. Each carries zero debt and generates healthy free cash flow. Here’s what drove their results.

  • HRNetGroup (SGX: CHZ): The first dividend hike in four years

    • HRnetGroup’s board proposed a total dividend of S$0.042 per share for 2025, up from S$0.04.

    • That breaks a four-year streak of holding the payout flat between 2021 and 2024.

    • The numbers back it up.

  • Info-Tech Systems (SGX: ITS): Fast growth, first payout

    • Info-Tech Systems is a Singapore-based SaaS provider serving SMEs across the region.

    • Revenue surged 29% YoY to S$56.5 million, driven by higher Academy training revenue and continued subscription growth.

    • Net profit rose 22% to S$15 million, though that figure absorbed approximately S$2.9 million in one-off costs – IPO listing expenses and a Malaysia office relocation.

  • Credit Bureau Asia Ltd (SGX: TCU): A dividend raise in a tough year

    • Credit Bureau Asia’s 2025 was tougher.

    • Revenue edged up just 0.7% YoY to S$60.1 million.

    • Net profit dipped 4.4% to S$10.7 million, weighed down by lower interest income, a weaker US dollar, and a sharp drop in the share of results from its Cambodia joint venture.

  • Get Smart: Where Cash Flow Meets Rising Dividends

🇸🇬 3 “Forever Stocks” to Buy For Your Children (The Smart Investor)

• The best stocks for children are not the flashiest names, but resilient Singapore businesses that can compound steadily over decades.

  • DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) – Record Income and Wealth Management Strength

    • As Singapore’s largest bank, DBS is a cornerstone for any local portfolio.

    • In the first quarter of 2026 (1Q2026), the group delivered a record total income of S$5.95 billion, proving its resilience even as net interest margins eased to 1.89%, with deposit growth and hedging partly cushioning the drag from lower benchmark rates.

    • What makes this a “forever” contender for my children is the bank’s pivot toward fee-based income; wealth management fees hit a record S$907 million this past quarter.

  • Sheng Siong Group (SGX: OV8 / OTCMKTS: SHSGF) – A Defensive Cash Flow Machine

    • A familiar name in the heartlands of Singapore, Sheng Siong is the ultimate “boring but beautiful” stock for a child’s long-term fund.

    • Operating 87 stores in Singapore and six in China, this supermarket giant thrives on selling daily essentials.

    • What truly stands out for me as an investor is the group’s rock-solid balance sheet, boasting S$461.1 million in cash and zero debt.

  • Singapore Technologies Engineering Ltd (SGX: S63 / FRA: SJX / OTCMKTS: SGGKF) – A Global Giant with a Record Order Book

    • For a blend of defensive stability and high-tech growth, ST Engineering is a formidable choice.

    • The group reported a strong FY2025 performance, with revenue rising 9% to S$12.3 billion.

    • While one-off impairment losses affected the reported net profit, the base operating performance was excellent, with net profit growing 21% to S$850.8 million.

  • The Magic of the Long Runway

  • Avoiding the Parent’s Trap

  • Get Smart: A Legacy of Patience

🇸🇬 Beyond Blue Chips: 3 REITs Offering 7%+ Dividend Yields (The Smart Investor)

🇸🇬 While You’re Overseas: 4 REITs That Work for You While You’re on Vacation (The Smart Investor)

• The best passive income investments keep generating cash flow whether you are working, sleeping, or travelling overseas.

  • Why REITs Are Popular Passive Income Investments

  • What Makes a REIT Suitable for “Hands-Off” Investing

  • Frasers Centrepoint Trust (SGX: J69U / OTCMKTS: FRZCF), or FCT— The Defensive Retail REIT

    • Anchored by solid tenants that sell necessities, such as NTUC FairPrice (its largest tenant), the REIT’s collection of malls such as NEX and Causeway Point is able to sustain resilient demand regardless of the economic cycle.

  • CapitaLand Ascendas REIT (SGX: A17U / OTCMKTS: ACDSF), or CLAR — The Industrial / Logistics REIT

    • CLAR is another name that will quietly work in the background while you enjoy your vacation.

    • This REIT has a wide-ranging portfolio, spanning Singapore, the US, Australia, and Europe, with a focus on industrial and logistics properties.

  • Parkway Life Real Estate Investment Trust (SGX: C2PU), or Parkway Life — The Healthcare REIT

    • Another name that requires relatively little “hands-on” management is Parkway Life REIT.

    • This healthcare-focused REIT, with its portfolio of hospitals and nursing homes, sees steady demand regardless of economic conditions.

  • Digital Core REIT (SGX: DCRU / OTCMKTS: DGTCF), or DCR — The Data Centre or Digital Infrastructure REIT

    • The last name on this list provides your REIT portfolio with a bit of growth exposure linked to the burgeoning AI and cloud adoption trends.

    • DCR is a data centre REIT with 10 properties spanning across North America, Japan, and Europe.

  • How REITs Help Build Passive Income Over Time

  • Get Smart: The Best Investments Keep Working Even When You Don’t

🇸🇬 3 REITs with Strong Balance Sheets to Watch Next Quarter (The Smart Investor)

• In uncertain markets, balance sheet strength can make all the difference for REIT investors. These three REITs stand out for their healthy leverage, financial flexibility, and ability to navigate changing interest rate conditions.

• As we move into the next quarter, including trusts with rock-solid financial positions can significantly help protect our portfolios from sudden shocks.

  • Why Balance Sheet Strength Matters for REITs

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

    • CapitaLand Integrated Commercial Trust, or CICT, owns popular shopping destinations such as Ion Orchard (50% stake), Raffles City, Westgate, and more.

    • CICT is also home to key office properties such as CapitaGreen, CapitaSky (70% stake), and more.

  • Mapletree Logistics Trust (SGX: M44U / OTCMKTS: MAPGF) — The Industrial / Logistics REIT

    • Mapletree Logistics Trust, or MLT, stands out as one of the most globally diversified industrial REITs in Singapore with 175 properties in nine markets.

    • MLT wrapped up its fiscal year ended 31 March 2026 (2025/2026) with a stable aggregate leverage of 40.6% and an ICR of 2.9x.

  • Parkway Life Real Estate Investment Trust (SGX: C2PU) — The Defensive Specialist REIT

    • Last on the list is Parkway Life REIT, or Plife.

    • The REIT provides a stable, defensive shield for dividend investors as it focuses on healthcare properties, a sector that people will always need.

  • Why Strong Balance Sheets Could Matter Even More

  • Get Smart: In REIT Investing, Financial Strength Matters

🇸🇬 Micro-Mechanics, Sheng Siong and AEM: What Fast Stock Gains Teach Investors (The Smart Investor)

🇸🇬 Beyond STI: 3 Cash-Heavy Stocks Paying More than Your CPF (The Smart Investor)

• Higher-than-CPF yields are attractive, but these three Singapore stocks also stand out for their sizable net cash positions and financial resilience.

  • Can QAF sustain its dividend?

    • QAF Ltd (SGX: Q01) is the food group behind household bread brands Gardenia and Bonjour, with operations across Singapore, Malaysia, the Philippines, and Australia.

    • Let’s start with the balance sheet.

  • Is Delfi’s dividend cut a red flag?

    • Delfi Limited (SGX: P34 / OTCMKTS: PEFDF) is a chocolate confectionery manufacturer behind Indonesian household names SilverQueen, Ceres, and Delfi, distributing across 17 markets.

    • The number that jumps out is free cash flow.

  • What is Valuetronics doing with all that cash?

    • Valuetronics Holdings (SGX: BN2 / FRA: GJ7) is an electronics manufacturing services provider with manufacturing facilities in China and Vietnam.

    • The balance sheet here is hard to miss.

  • Get Smart: Don’t Chase Yields Without the Cash

🇸🇬 AEM’s Share Price Soars Past S$10: What’s Next? (The Smart Investor)

• AEM Holdings (SGX: AWX) shares are up by over 6x year to date, but it’s what’s happening at the business that matters even more.

• There are three roads ahead of the company.

• Some are further along than others.

• Let’s walk each one and see how far the business has actually travelled.

  • Road #1: The New Major Customer

  • Road #2: To Future Memories

  • Road #3: The Doors the ASE Deal Opens

    • AEM announced a strategic partnership with ASE Technology Holding (NYSE: ASX), the world’s largest OSAT with 45% global market share.

  • Why these roads keep paying out

  • Get Smart: Judge the Journey, not Just the Destination

🇹🇭 BTS Group Holdings Public Company Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇹🇭 BTS Group Holdings Public Company Limited 2026 Q4 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇳 India exempts foreign investors from tax on bonds to shore up rupee (FT) $ 🗃️

🇮🇳 NBCC: Can a ₹1.28 Lakh Crore Order Book Deliver a ₹2,500 Crore PAT by FY29? (Smartkarma) $

• NBCC (India) Ltd (NSE: NBCC / BOM: 534309) ended FY26 with INR 742 crore PAT, INR 18,780 crore new orders and a INR 1.28 lakh crore orderbook. Management guides INR 30,000 crore FY27 inflows.

• The Supertech project and Ghitorni land monetisation could add nearly INR 18,500 crore revenue potential, shifting NBCC beyond its regular PMC-fee model.

• NBCC targets INR 2,500 crore PAT by FY29, a 3.4x jump from FY26. Execution, orderbook conversion, and Sarojini Nagar monetisation remain key variables.

🇮🇳 How Suzlon Survived by Selling to Itself? (Smartkarma) $

• SEBI, in an order dated 29 May 2026, imposed a combined penalty of Rs. 28.95 crore on Suzlon Energy (NSE: SUZLON / BOM: 532667) and four related parties for inflating net worth through fictitious intra-group transactions.

• This is a rare case of SEBI revising its own officer’s earlier clean chit & finding that board approvals, auditor sign-offs do not provide cover when the substanceis designed to mislead.

• Suzlon’s remarkable turnaround story has an uncomfortable prologue: the company bought itself the time to survive by manufacturing paper health. The penalty is trivial relative to current market cap.

🇮🇳 SEBI’s Explosive Interim Order Against Rajesh Exports Exposes 15L Crs of Inflated Sales (Smartkarma) $

(Rajesh Exports (NSE: RAJESHEXPO / BOM: 531500))

• SEBI issued an interim order on June 3, 2026, restricting promoter Rajesh Mehta from securities trading over alleged revenue misrepresentation of INR 15,15,385 crore.

• SEBI found 97–99% of consolidated revenues unverifiable, raising concerns around auditor oversight, subsidiary disclosures, and investor wealth erosion of around INR 12,726 crore.

• The order is still prima facie, but the scale of alleged misreporting, fund routing, and audit gaps creates major uncertainty for investors.

🇮🇳 KRN Heat Exchanger: The HVAC Play in India (Smartkarma) $

• KRN Heat Exchanger and Refrigeration Ltd (NSE: KRN / BOM: 544263) delivered FY26 consolidated revenue: Rs. 600 crore, up 40% YoY, EBITDAgrew nearly 60%. The new Plant II is now fully operational after months of parallel construction.

• Plant II is 6X the capacity of original facility. With ramp up to 80% in FY28 represents sharpest growth curve. Revenue runway stretches to Rs. 2,850 crore at full utilization

• Four catalysts FY27: Plant II, Bus AC scale-up, doubling exports and PLI plus RIPS incentives. This is the year KRN stops being small-cap story and starts becoming mid-cap compounder

🇰🇿 Kaspi.kz: Ownership Change Drives Stock Rally (Seeking Alpha) $ 🗃️

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

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

🇮🇱 Elbit Systems Ltd. 2026 Q1 – Results – Earnings Call Presentation (Seeking Alpha)

🇮🇱 Elbit Systems’ $2.189 Billion Quarter Shows Broad-Based Defense Momentum; But Will It Last?

• Elbit Systems Ltd (NASDAQ: ESLT) reported solid financial and operational results for the first quarter of 2026, reflecting double-digit growth in revenues, operating profit, and earnings per share (EPS).

• Revenues increased by 15.5% to $2.189 billion, compared to the same period in 2025, marking the first quarter with higher revenues than the preceding fourth quarter.

• This growth was supported by strong demand across key markets, with Europe contributing 23% of revenues, North America 20%, Asia Pacific 16%, and Israel 37%.

🇸🇦 Saudi wealth fund replaces foreign CEOs with locals (FT) $ 🗃️

🇹🇷 Marti Is Highly Risky, Financially And Operationally (Seeking Alpha) $ 🗃️

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

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

🇿🇦 Momentum Group Limited (MMTHF) Analyst/Investor Day – Slideshow (Seeking Alpha)

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

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

• 🌍 Mr Price Group (JSE: MRP / FRA: M5M1 / OTCMKTS: MRPLY) – Cash-based omni-channel fashion-value retailer with 4 segments: Apparel, Homeware, Financial Services & Telecoms. 🇼 🏷️

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

🇿🇼 Caledonia Mining: Bilboes Changes The Upside But Not The Risk (Seeking Alpha) $ 🗃️

🇵🇱 CD Projekt: A Better Business At A Full Price (Seeking Alpha) $ 🗃️

🌎 Millicom: Strong Margins, Higher Expectations (Seeking Alpha) $ 🗃️

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

🌎 MercadoLibre: The Stock Is Down, The Bull Case Isn’t (Seeking Alpha) $ 🗃️

🌎 MercadoLibre: Buy The Margin Compression (Seeking Alpha) $ 🗃️

🌎 MercadoLibre: I See An Early Digital Walled Garden Being Built (Seeking Alpha) $ 🗃️

🌎 Pan American Silver Leans On Prices And Juanicipio Ramp-Up To Drive 2026 Growth (Seeking Alpha) $ 🗃️

🌎 Pan American Silver: A Solid Investment To Benefit From The Silver Bull Market (Seeking Alpha) $ 🗃️

🌎 Pan American Silver Corp. (PAAS:CA) Analyst/Investor Day – Slideshow (Seeking Alpha)

🌎 Ero Copper: Even After Doubling, Upside Remains (Seeking Alpha) $ 🗃️

• 🇧🇷 🇨🇦 Ero Copper (TSE: ERO / NYSE: ERO) – Vancouver HQ’d. High-growth, clean copper producer with operations in Brazil. 🏷️

🇦🇷 YPF Sociedad Anonima: The Recovery Phase Is Done, The Growth Story Comes Next (Seeking Alpha) $ 🗃️

• 🇦🇷 🏛️ Ypf Sa (NYSE: YPF) – Vertically integrated, majority state-owned Argentine energy company. Oil & gas exploration & production + transportation, refining & marketing of gas & petroleum products. 🇼 🏷️

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

🇧🇷 Nu Holdings: Analyzing The New CFO And Credit Risk (Seeking Alpha) $ 🗃️

🇨🇴 Five more comments on Colombia’s election – 2 June 2026 (Latin America Risk Report)

🇨🇴 Bond investors bet Colombia’s ‘Tiger’ will slash public spending (FT) $ 🗃️

🇨🇴 Right-Wing Firebrand Surges Into Colombia Runoff, Shaking Political Establishment (WSJ) $ 🗃️

Abelardo de la Espriella, a rich lawyer who promises an iron-fisted crackdown on drug thugs, finishes ahead of ruling movement’s leftist hopeful

🇨🇴 GeoPark: Still Worried About Argentina (Seeking Alpha) $ 🗃️

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

🇨🇴 Grupo Aval: Further Upside As Election Catalyst Plays Out (Seeking Alpha) $ 🗃️

🇲🇽 Grupo Aeroportuario Del Pacifico: Traffic Will Pick Up In The Back Half Of 2026 (Seeking Alpha) $ 🗃️

🇵🇪 Peru to vote on ninth president in a decade (FT) $ 🗃️

🌐 Nebius Is Priced For Flawless Delivery (Seeking Alpha) $ 🗃️

🌐 Why Nebius Needs An Offering For Every Customer Type (Seeking Alpha) $ 🗃️

🌐 Nebius Surges On AI Demand As Revenues Set To Multiply (Seeking Alpha) $ 🗃️

🌐 Nebius: Building The Next Great AI Cloud Platform (Seeking Alpha) $ 🗃️

🌐 Nebius And The Next Phase Of AI (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, 4.0M Shares, $8.15-8.15, $32.6 mil, 6/8/2026 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 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 $33 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. This is an offering of American Depositary Shares (ADS), according to the prospectus.)

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 8, 2026) was also published on our website under the Newsletter category.

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