Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - July 2025

Dream International (1126 HK) H1 FY25: Steady + Dividend Increase

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - August 2025

Dream International (1126 HK) FY24 Results and Concall Update: Margins Bounce Back

Dream International H1 FY24 Concall Highlights: Resilient, Dividend, And Cash Levels Maintained

Dream International (1126 HK): Updates Postcard From Hong Kong

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety - November 2024

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>We believe that toymakers are experiencing a bubble like rally led by <a href="https://www.smartkarma.com/entities/pop-mart-international-group-l" target="_blank" data-smartkarma-citation="entities:29016:1" rel="noopener">Pop Mart International Group L (9992 HK) </a>and <a href="https://www.smartkarma.com/entities/hasbro-inc" target="_blank" data-smartkarma-citation="entities:18204:1" rel="noopener">Hasbro Inc (HAS US)</a> which raised forecasts recently. </li>
<li>
<a href="https://www.smartkarma.com/entities/dream-international-ltd" target="_blank" data-smartkarma-citation="entities:15783:1" rel="noopener">Dream International (1126 HK)</a> has returned &gt;200% since liberation day tariffs were declared on April 2nd 2025 and now trades at 12.7x trailing earnings (vs 3.7x when we initiated). </li>
<li>
<strong> "Never look a gift horse in the mouth" !</strong> .We would take some money off the table here as toy stocks go through periods of cyclicality due restocking/destocking.</li>
</ul>


We believe that toymakers are experiencing a bubble like rally led by Pop Mart International Group L (9992 HK) and Hasbro Inc (HAS US) which raised forecasts recently. 

Dream International (1126 HK) has returned &gt;200% since liberation day tariffs were declared on April 2nd 2025 and now trades at 12.7x trailing earnings (vs 3.7x when we initiated). 

 "Never look a gift horse in the mouth" ! .We would take some money off the table here as toy stocks go through periods of cyclicality due restocking/destocking.


Dream International (1126 HK): Riding the Popmart Bubble