Independent Fund Manager, Swaen Capital

Swaen Capital

Independent Fund Manager

Swaen Capital is a Singapore based licensed independent fund manager with an open architecture, a non bias financial platform creating access to the best custodians and investment managers. Our focus lies within the wealth management business, covering client relationships, financial planning, advisory, as well as discretionary portfolio management. We have developed strategic alliances with other leading independent firms to complement and extend our offerings to clients (global hedge fund research capability, alternative investment offerings, corporate finance, fund structuring & administration, etc). Our know-how, extensive global network and long standing presence in Asia allows us to provide a global footprint and at the same time enables us to capitalize on regional opportunities.

Thematic (Sector/Industry)

<ul>
<li>The copper wall is here. Above ~200Gbps per lane, copper can no longer carry signals more than a few metres without prohibitive power and signal-integrity penalties. The industry's answer is to move the optics off the faceplate and onto the chip package itself — Co Packaged Optics (CPO).</li>
<li>Adoption is switch-first. NVIDIA and Broadcom are shipping CPO switches in 2026 on external-laser designs; the XPU side and an in-package laser are deferred by packaging and reliability limits, not yet solved.</li>
<li>Money moves with the architecture. As the optical engine moves into the package, value migrates away from module assemblers toward the layers that fabricate the optical engine itself.</li>
</ul>


The copper wall is here. Above ~200Gbps per lane, copper can no longer carry signals more than a few metres without prohibitive power and signal-integrity penalties. The industry's answer is to move the optics off the faceplate and onto the chip package itself — Co Packaged Optics (CPO).
Adoption is switch-first. NVIDIA and Broadcom are shipping CPO switches in 2026 on external-laser designs; the XPU side and an in-package laser are deferred by packaging and reliability limits, not yet solved.
Money moves with the architecture. As the optical engine moves into the package, value migrates away from module assemblers toward the layers that fabricate the optical engine itself.


Co-Packaged Optics 101: The Future of High-Density AI Interconnects

Equity Long-Short Analyst

Pyari Menon

<ul>
<li>For this report we datamined autonomous driving technology (ADT) innovations.</li>
<li>Worldwide over the last decade the ADT sector has seen nearly 25% CAGR growth in patent filings, with over 40,000 patent family filings.</li>
<li>
<a href="https://www.smartkarma.com/entities/delphi-automotive-plc" target="_blank" data-smartkarma-citation="entities:20870:1" rel="noopener"><strong>Aptiv PLC (APTV US)</strong></a>, with a leadership position in several areas of ADT, strong financials, reasonable valuations and strategic partnerships stands out.  </li>
</ul>


For this report we datamined autonomous driving technology (ADT) innovations.
Worldwide over the last decade the ADT sector has seen nearly 25% CAGR growth in patent filings, with over 40,000 patent family filings.

Aptiv PLC (APTV US), with a leadership position in several areas of ADT, strong financials, reasonable valuations and strategic partnerships stands out.  


Japan Specialist

Mark Chadwick

Equity Bottom-Up

<ul>
<li>Only FA Systems reflects genuine digital transformation, with AI agents, SaaS launches and ambitious margin expansion tied directly to Mitsubishi Electric’s Serendie platform.</li>
<li>Core segments such as Life and Infrastructure remain focused on acquisitions, capital deployment and incremental efficiency gains rather than broad software-led business model change.</li>
<li>Despite trading at a valuation comparable to Siemens, Mitsubishi offers slower growth, weaker capital efficiency and a less coherent digital strategy.</li>
</ul>


Only FA Systems reflects genuine digital transformation, with AI agents, SaaS launches and ambitious margin expansion tied directly to Mitsubishi Electric’s Serendie platform.
Core segments such as Life and Infrastructure remain focused on acquisitions, capital deployment and incremental efficiency gains rather than broad software-led business model change.
Despite trading at a valuation comparable to Siemens, Mitsubishi offers slower growth, weaker capital efficiency and a less coherent digital strategy.


Mitsubishi Electric (6503) | Transformation or Optimisation?

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Increasing Nuclear energy use is a key platform for PM Takaichi</li>
<li>Recent geopolitical events will likely accelerate this push for energy security</li>
<li>We introduce a basket of stocks to benefit from this theme</li>
</ul>


Increasing Nuclear energy use is a key platform for PM Takaichi
Recent geopolitical events will likely accelerate this push for energy security
We introduce a basket of stocks to benefit from this theme


Critical Mass - Japan's Nuclear Renaissance and the Supply Chain Stocks to Play It.

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>A restructuring charge initially masks the company’s record underlying operating profit, but there is a stronger fundamental story than the headline numbers imply.</li>
<li>Management is shedding legacy industrial lines while acquiring digital and AI capabilities, strategically setting the stage for refreshed long-term growth.</li>
<li>Increased full-year profit guidance and booming demand in the Infrastructure segment signal internal confidence, which could help lead to continued upside for the stock.</li>
</ul>


A restructuring charge initially masks the company’s record underlying operating profit, but there is a stronger fundamental story than the headline numbers imply.
Management is shedding legacy industrial lines while acquiring digital and AI capabilities, strategically setting the stage for refreshed long-term growth.
Increased full-year profit guidance and booming demand in the Infrastructure segment signal internal confidence, which could help lead to continued upside for the stock.


Mitsubishi Elec: Record Underlying Profit Masked by Restructuring, Fueling DEC26 Option Strategy

Japan

Mitsubishi Electric Corporation develops, manufactures, and markets electronic equipment.  The Company's products include industrial machinery, heavy electric machinery, data communications systems, electronic devices, and consumer electronics.

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Mitsubishi Electric (6503 JP)

Co-Packaged Optics 101: The Future of High-Density AI Interconnects

The copper wall is here. Above ~200Gbps per lane, copper can no longer carry signals more than a few metres without prohibitive power and...

Swaen Capital

Autonomous Driving Leadership Landscape

Autonomous driving tech seeing surge in innovations to make journeys safer, more efficient, and intelligent. Welcome to the future of mobility.

Pyari Menon

Mitsubishi Electric (6503) | Transformation or Optimisation?

Beneath the rhetoric of AI-led solutions and digital transformation, Mitsubishi Electric’s medium-term plan reveals a narrower strategy: margin...

Mark Chadwick

Critical Mass - Japan's Nuclear Renaissance and the Supply Chain Stocks to Play It.

Many nuclear supply chain stocks limit up yesterday based on Kyodo news report that the 3rd tranche of the $550bn Japan–US investment package is...

Rikki Malik

Mitsubishi Elec: Record Underlying Profit Masked by Restructuring, Fueling DEC26 Option Strategy

Despite a restructuring charge, the company's strong underlying operating profit and strategic moves towards digital and AI capabilities indicate...

Jay Cameron

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Co-Packaged Optics 101: The Future of High-Density AI Interconnects

The copper wall is here. Above ~200Gbps per lane, copper can no longer carry signals more than a few metres without prohibitive power and...

Swaen Capital

Autonomous Driving Leadership Landscape

Autonomous driving tech seeing surge in innovations to make journeys safer, more efficient, and intelligent. Welcome to the future of mobility.

Pyari Menon

Mitsubishi Electric (6503) | Transformation or Optimisation?

Beneath the rhetoric of AI-led solutions and digital transformation, Mitsubishi Electric’s medium-term plan reveals a narrower strategy: margin...

Mark Chadwick

Critical Mass - Japan's Nuclear Renaissance and the Supply Chain Stocks to Play It.

Many nuclear supply chain stocks limit up yesterday based on Kyodo news report that the 3rd tranche of the $550bn Japan–US investment package is...

Rikki Malik

Mitsubishi Elec: Record Underlying Profit Masked by Restructuring, Fueling DEC26 Option Strategy

​Despite a restructuring charge, the company's strong underlying operating profit and strategic moves towards digital and AI capabilities indicate...

Jay Cameron

Despite a restructuring charge, the company's strong underlying operating profit and strategic moves towards digital and AI capabilities indicate...