Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>The Labubu craze has resulted in a ~200% increase in <a href="https://www.smartkarma.com/entities/pop-mart-international-group-l" target="_blank" data-smartkarma-citation="entities:29016:1" rel="noopener">Pop Mart (9992 HK)</a>’s shares YTD. <a href="https://www.smartkarma.com/entities/miniso-group-holding-ltd" target="_blank" data-smartkarma-citation="entities:36659:1" rel="noopener">MINISO (9896 HK)</a>'s TOP TOY will be wanting to cash in on this exuberance.</li>
<li>Those who want to buy <a href="https://www.smartkarma.com/entities/sony-financial-group-inc" target="_blank" data-smartkarma-citation="entities:564:1" rel="noopener">Sony Financial (8729 JP)</a> may wait until earnings. If shares stayed flat for a month until earnings came out, don't short the eve of earnings.</li>
<li>
<a href="https://www.smartkarma.com/entities/zijin-mining-group-co-ltd-h" target="_blank" data-smartkarma-citation="entities:6358:1" rel="noopener">Zijin Mining Group (2899 HK)</a> is fully valued as <a href="https://www.smartkarma.com/entities/zijin-gold-international" target="_blank" data-smartkarma-citation="entities:45448:1" rel="noopener">Zijin Gold (2259 HK) </a> trades at a 100% premium to peers on forward PER and EV/EBITDA multiples. </li>
</ul>


The Labubu craze has resulted in a ~200% increase in Pop Mart (9992 HK)’s shares YTD. MINISO (9896 HK)'s TOP TOY will be wanting to cash in on this exuberance.
Those who want to buy Sony Financial (8729 JP) may wait until earnings. If shares stayed flat for a month until earnings came out, don't short the eve of earnings.

Zijin Mining Group (2899 HK) is fully valued as Zijin Gold (2259 HK)  trades at a 100% premium to peers on forward PER and EV/EBITDA multiples. 


Last Week In Event SPACE: MINISO, Sony Financial, Zijin Mining/Gold, Jardines/Mandarin Oriental

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.</li>
<li>Our bullish near-term outlook will remain in place as long as the 4+ month uptrend continues on ACWI-US. Remain aggressively long/continue to expect more upside into year-end and the early2026.</li>
<li>Europe's EURO STOXX 50 is breaking out from its 7-month base, above the crucial 5500 level, and RS is attempting to reverse its 5-month downtrend -- buy.</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment.
Our bullish near-term outlook will remain in place as long as the 4+ month uptrend continues on ACWI-US. Remain aggressively long/continue to expect more upside into year-end and the early2026.
Europe's EURO STOXX 50 is breaking out from its 7-month base, above the crucial 5500 level, and RS is attempting to reverse its 5-month downtrend -- buy.


Europe Breaking Out From 7-Month Base -- Buy; Remain Overweight Taiwan, China, Korea, and the U.S.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

Thematic (Sector/Industry)

<ul>
<li>RHB lowers CDLHT target price due to market challenges.         </li>
<li>RHB calls ST Engineering a high-quality, defensive growth opportunity.</li>
<li>Ready-to-eat at 7-Eleven could prompt a re-rating for DFI Retail.</li>
</ul>


RHB lowers CDLHT target price due to market challenges.         
RHB calls ST Engineering a high-quality, defensive growth opportunity.
Ready-to-eat at 7-Eleven could prompt a re-rating for DFI Retail.


Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.

<ul><li>ST Engineering is seen as a 'high-quality' and 'defensive' growth stock by RHB.</li><li>7-Eleven's ready-to-eat options may lead to a re-rating for DFI Retail.</li><li>KGI Securities keeps $2 target price on AEM Holdings post Intel-Nvidia deal.</li></ul>

ST Engineering is seen as a 'high-quality' and 'defensive' growth stock by RHB.7-Eleven's ready-to-eat options may lead to a re-rating for DFI Retail.KGI Securities keeps $2 target price on AEM Holdings post Intel-Nvidia deal.

Singapore Market Roundup (23-Sep-2025): RHB views ST Engineering as a high-quality growth stock.

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Mapletree has sold its Melbourne office for a price that is one-third lower than its 2017 purchase.</li><li>Hongkong Land has sold a unit in Singapore to Sunway for a total of $579 million in the transaction.</li><li>Centurion is initiating a REIT IPO aiming to raise more than $600 million in the Singapore market.</li></ul>

Mapletree has sold its Melbourne office for a price that is one-third lower than its 2017 purchase.Hongkong Land has sold a unit in Singapore to Sunway for a total of $579 million in the transaction.Centurion is initiating a REIT IPO aiming to raise more than $600 million in the Singapore market.

Asia Real Estate Tracker (19-Sep-2025): Mapletree sells Melbourne office at a loss.

Singapore

Jardine Matheson Holdings Limited is a multinational enterprise with a portfolio of businesses focused on the Asia-Pacific region. The Group's activities include financial services, supermarkets, consumer marketing, engineering and construction, automobile trading, insurance broking, property investment, and hotels.

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Jardine Matheson Holdings (JM SP)

Last Week In Event SPACE: MINISO, Sony Financial, Zijin Mining/Gold, Jardines/Mandarin Oriental

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Europe Breaking Out From 7-Month Base -- Buy; Remain Overweight Taiwan, China, Korea, and the U.S.

Europe EURO $STOXX 50 Breaking Out From 7-Month Base -- Buy; Remain Overweight Taiwan $EWT, China $MCHI, Korea $EWY, and the U.S. $SPX; Bullish...

Vermilion Research

Singapore Market Roundup (24-Sep-2025): RHB cuts CDLHT target price amid market challenges.

RHB reduces CDLHT target price amid market challenges, views ST Engineering as a strong growth opportunity, and sees 7-Eleven's ready-to-eat...

Singapore Market Roundup

Singapore Market Roundup (23-Sep-2025): RHB views ST Engineering as a high-quality growth stock.

RHB views ST Engineering as a 'high-quality' growth stock. 7-Eleven's offerings may boost DFI Retail, while KGI maintains a $2 target for AEM...

Singapore Market Roundup

Asia Real Estate Tracker (19-Sep-2025): Mapletree sells Melbourne office at a loss.

Mapletree sold its Melbourne office for a third less than its 2017 price, while Hongkong Land divested a Singapore unit for $579 million, and...

Asia Real Estate Tracker

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