Sector Capsule: Traditional Toys and Games in China
Retail current value sales increased by 7% in 2017 to reach CNY74.4 billion. Traditional toys and games with intelligence explorer functions win...
370 Views
SELL Pop Mart (9992 HK): Seasonal Trough, Not Structural Trough; August Is the Test
Pop Mart reports seasonally weak 1Q26 in line with expecation. Consensus 26E revenue growth of 24% (Refinitiv) remains above management's 20%...
262 Views
TOP TOY IPO Valuation Update: Potential ~40% Upside Vs. Series A, But Growth Acceleration Unlikely
​TOP TOY, a MINISO-backed collectible toy brand in China, shows strong growth and profitability in the most recent Application Proof, likely to...
255 Views
Rising US-China Tensions Will Hurt Tourism; Who Stands to Lose (And to Gain) The Most?
Relations between the US and China could (and likely will) deteriorate in the medium-term for any of the three following reasons: a) increased...
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Geopolitics, Trump, & Thailand
All Hail Caesar (Trump)! I still remember the time when Obama was elected President. Everyone was celebrating. Japan mentioned they had one city...
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