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

Rikki Malik

Cross Asset Strategy

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>China rally continues in the tech sector as investors “discover” the value</li>
<li>More evidence that the USD has peaked while gold continues to be at risk of a stock market correction</li>
</ul>


A review of recent events/data impacting our investment themes or outlook
China rally continues in the tech sector as investors “discover” the value
More evidence that the USD has peaked while gold continues to be at risk of a stock market correction


Cross-Asset Strategist & Quantitative Analyst, Pennock Idea Hub

Cam Hui

Cross-Asset Strategist & Quantitative Analyst

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

<ul>
<li>The gold bull is just starting, with strong upside potential in the coming investment cycle.</li>
<li>The market is undergoing a regime shift. Gold will be useful to hedge against bond weakness in the coming cycle, which will see small-caps dominate large-caps and value dominate growth.</li>
<li>Gold mining stocks present a long-term opportunity, but may be vulnerable to a short-term setback.</li>
</ul>


The gold bull is just starting, with strong upside potential in the coming investment cycle.
The market is undergoing a regime shift. Gold will be useful to hedge against bond weakness in the coming cycle, which will see small-caps dominate large-caps and value dominate growth.
Gold mining stocks present a long-term opportunity, but may be vulnerable to a short-term setback.


What the Surge in Gold Tells Us About the Stock Market

Global Commodities, Mint Finance

Srinidhi Raghavendra

Global Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Long gold has been a winning strategy over the last two calendar years. Gold futures has clocked a 125% increase since start of 2019 until now.</li>
<li>Gold has seen its strongest rally yet over the last two years, breaking through previous all-time highs with minimal retracement.</li>
<li>GLD ETF has delivered a 7.4% price returns over the last month and an 8% upside YTD in 2025 so far.</li>
</ul>


Long gold has been a winning strategy over the last two calendar years. Gold futures has clocked a 125% increase since start of 2019 until now.
Gold has seen its strongest rally yet over the last two years, breaking through previous all-time highs with minimal retracement.
GLD ETF has delivered a 7.4% price returns over the last month and an 8% upside YTD in 2025 so far.


[Precious Insights 2025/06] Gold Set to Continue Shining

Thematic (Sector/Industry)

<ul>
<li>Gold continues to make new highs to little, if any fanfare</li>
<li>Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play</li>
<li>What does this mean for the precious metals mining sector and is it time to buy?</li>
</ul>


Gold continues to make new highs to little, if any fanfare
Traditional drivers of gold like lower real rates and a weaker dollar yet to come into play
What does this mean for the precious metals mining sector and is it time to buy?


What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.</li>
<li>We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it. </li>
<li>
<strong>Most overbought</strong>: Meta, Softbank Group, SK Hynix, USO. <strong>Most oversold</strong>: NetEase Cloud Music, BYD Company, HKEX and Clearing, ASX 200, CATL, Hitachi, Advantest Corp, SPDR Gold Shares, BHP Group Ltd</li>
</ul>


WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.
We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it. 

Most overbought: Meta, Softbank Group, SK Hynix, USO. Most oversold: NetEase Cloud Music, BYD Company, HKEX and Clearing, ASX 200, CATL, Hitachi, Advantest Corp, SPDR Gold Shares, BHP Group Ltd


WEEKLY Tactical Recap | Asymmetric Setups : SoftBank Group, SK Hynix, CATL, META, Gold, Oil, NetEase

United States

SPDR Gold Shares is an investment fund incorporated in the USA.  The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

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SPDR Gold Shares (GLD US)

Overview #16 – And the Beat Goes On

A review of recent events/data impacting our investment themes and outlook. We follow up on the Chinese bull market, Gold and the USD/JPY

Rikki Malik

What the Surge in Gold Tells Us About the Stock Market

The market is undergoing a regime shift. Gold will be useful asset to hedge against bond weakness in the coming cycle, which will see small caps...

Cam Hui

[Precious Insights 2025/06] Gold Set to Continue Shining

Gold is up >8% YTD 2025. Fundamentals, Technical, & Derivatives positioning point to continued rally ahead. Options market signal bullish market...

Mint Finance

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

WEEKLY Tactical Recap | Asymmetric Setups : SoftBank Group, SK Hynix, CATL, META, Gold, Oil, NetEase

Weekly Macro Tactical Recap | Asymmetric Setups - Quantitative models tracking momentum extremes across Asian/Global equities and commodities to...

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Overview #16 – And the Beat Goes On

A review of recent events/data impacting our investment themes and outlook. We follow up on the Chinese bull market, Gold and the USD/JPY

Rikki Malik

What the Surge in Gold Tells Us About the Stock Market

The market is undergoing a regime shift. Gold will be useful asset to hedge against bond weakness in the coming cycle, which will see small caps...

Cam Hui

[Precious Insights 2025/06] Gold Set to Continue Shining

Gold is up >8% YTD 2025. Fundamentals, Technical, & Derivatives positioning point to continued rally ahead. Options market signal bullish market...

Mint Finance

What’s the Best-Performing Major Asset Class This Year? Hint-Its Yellow and Shiny!

​Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...

Rikki Malik

WEEKLY Tactical Recap | Asymmetric Setups : SoftBank Group, SK Hynix, CATL, META, Gold, Oil, NetEase

Weekly Macro Tactical Recap | Asymmetric Setups - Quantitative models tracking momentum extremes across Asian/Global equities and commodities to...

Nico Rosti

Gold is reaching new highs without much attention, traditional drivers like low real rates and a weak dollar have not impacted yet. What does this...