Bloks Group (0325.HK): Stock Premium Is Not Justified, Growth Has Slowed, ~30% Downside
​Bloks Group shares significantly underperformed over the last four months as IPO lockup expired and growth slowed in 2025. However, the stock...
751 Views
Primer: Bandai Namco Holdings (7832 JP) - Sep 2025
Dominant IP Portfolio Drives Diversified Revenue: Bandai Namco's core strength lies in its vast and globally recognized intellectual property...
155 Views
Pop Mart (9992 HK): Index Inclusion & Beyond. Toy Craze or Emerging ACG Play?
Pop Mart trades less like a toy maker and more like an ACG aspirant. Whether that valuation is justified depends on management’s ability to prove...
611 Views
Pop Mart (9992 HK): On IP Choice, But Not Blind Boxes, Waiting for Lower Price
We believe Pop Mart’s advantage is its ability of choosing IPs. We expect Pop Mart’s revenue will grow by 69% in 2025. However, the stock is fairly...
757 Views
Kayou IPO Preview: 250%+ Growth + FCF of $500M+ in 2024, Leader in the Trading Card Sector in China
Shanghai-based Kayou Inc., a Chinese trading card and collectible toy company, is seeking to raise capital in Hong Kong. Kayou Inc. has delivered...
2.1k Views