Investor Letters

Business

Metals Market Reels as Speculative Frenzy Cools: Chinese Investors at Center of Historic Gold, Silver Plunge

Precious metals markets experienced one of their most volatile weeks on record, with silver plummeting 26% and gold dropping 9% in a dramatic reversal. The sell-off, triggered by shifting U.S. policy expectations, laid bare the market's recent dependence on speculative flows from China, raising questions about stability ahead of the Lunar New Year.

Feb 2, 2026

Business

Singapore Shipping's Stagnant Returns Fail to Impress Investors

A five-year analysis of Singapore Shipping Corporation reveals flat returns on capital, raising questions about its growth trajectory in a competitive maritime sector.

Feb 2, 2026

Business

Li Auto Navigates Delivery Slump and Strategic Pivot as Investors Question Valuation

Facing an eighth consecutive month of declining deliveries, Li Auto is restructuring its R&D and betting on its upgraded L9 model. Amid a falling share price, analysts debate whether the current valuation presents a buying opportunity or reflects deeper challenges.

Feb 2, 2026

Business

From Nvidia to Quantum: The $20 Million Investor's Blueprint for Spotting the Next Tech Megatrend

A software engineer who turned an early bet on Nvidia into a $20 million fortune and early retirement is now pointing to quantum computing as the frontier with similar explosive potential. His journey underscores the high-risk, high-reward nature of thematic investing.

Feb 2, 2026

Business

Behind Oriental Interest's Strong Profits: Share Dilution Clouds Investor Returns

While Oriental Interest Berhad (KLSE:OIB) posted impressive headline earnings, a deeper look reveals significant share dilution is eroding per-share value and may explain the stock's muted market reaction.

Feb 2, 2026

Business

EG Industries Berhad's Capital Efficiency Surge Catches Investor Attention

The Malaysian electronics manufacturing services provider is showing compelling financial momentum, with its return on capital employed significantly outpacing industry averages and signaling potential for sustained growth.

Feb 2, 2026

Business

AXIS Capital Holdings Gains Investor Attention Amid Strong Price Momentum and Valuation Debate

AXIS Capital Holdings (AXS) shares have surged 15% over the past year, closing at $103.18 and reigniting discussions about its valuation. Analysts see a potential upside to $121, but the market weighs risks from cyber claims and social inflation.

Feb 2, 2026

Business

Detroit's Dueling Dividends: How Ford and GM Are Fueling Investor Returns

Beyond their legendary rivalry in the truck market, Ford and General Motors are delivering substantial value to shareholders through distinct but equally compelling financial strategies.

Feb 2, 2026

Business

Federated Hermes: A 38% Surge Leaves Investors Questioning Value

Despite a stellar 38% gain over the past year, analysis suggests Federated Hermes (NYSE: FHI) shares may still be trading at a discount to their intrinsic value, presenting a potential opportunity in the capital markets sector.

Jan 31, 2026

Business

Analysts Revise Haivision Systems Outlook: What the New Price Target Signals for Investors

A revised price target for Haivision Systems (TSX:HAI) is shifting the investment narrative, prompting a closer look at the video streaming technology firm's prospects amid evolving market conditions.

Jan 31, 2026

Business

Bloom Energy Powers Up: Major Deals Fuel AI Data Center Ambitions and Investor Rethink

Bloom Energy's landmark $2.65 billion power agreement and a potential $5 billion infrastructure partnership signal a strategic pivot to become a cornerstone provider for the energy-hungry AI data center industry, prompting a fresh look at its long-term valuation.

Jan 31, 2026

Business

Mooreast Holdings' Slumping Returns on Capital Raise Investor Concerns

An analysis of Mooreast Holdings' financial metrics reveals a worrying trend of declining returns on capital employed, despite growth in its asset base. The company's performance lags behind its own historical figures, prompting a closer look from the market.

Jan 31, 2026

Business

Integra Resources' Florida Canyon Delivers Steady 2025 Output, But Investor Focus Shifts to DeLamar's Future

Integra Resources Corp. has reported its 2025 operational results from the Florida Canyon Mine, with annual production reaching 70,927 ounces of gold. While the figures confirm the mine's established scale, analysts suggest the real investment narrative hinges on the development of the larger DeLamar project and ongoing financial metrics.

Jan 31, 2026

Business

Novo Nordisk's Oral Weight-Loss Drug Sees Blockbuster Debut, Fueling Investor Optimism for Stock Rebound

Novo Nordisk's newly launched oral GLP-1 drug, amycretin, has seen explosive initial demand in the U.S., potentially setting the stage for a significant financial turnaround and stock rally after a challenging previous year.

Jan 30, 2026

Business

Apple Rises on Record iPhone Sales, But Investors Eye Supply Chain and AI Roadmap

Apple shares edged higher following a robust Q1 earnings report headlined by record iPhone revenue, yet the muted gains reflect Wall Street's growing focus on looming supply constraints and the company's strategic pivot to artificial intelligence.

Jan 30, 2026

Business

Kimberly-Clark's Strategic Pivot Faces Investor Scrutiny as BofA Trims Price Target

Bank of America has revised its price target for consumer goods giant Kimberly-Clark downward, citing sector-wide valuation pressures, even as the company reports resilient earnings and advances its transformation into a broader health and wellness player.

Jan 30, 2026

Business

Hitachi's Digital Pivot: Leadership Overhaul and Share Buyback Signal Strategic Shift, Investors Weigh Risks

Hitachi, Ltd. announces a ¥100 billion share repurchase and a sweeping leadership reshuffle across its core divisions, sharpening its focus on digital and AI-driven growth. While the move underscores a commitment to shareholder returns and a transformed future, analysts caution that execution risks and a premium valuation loom large.

Jan 30, 2026

Business

Capgemini's ICE Contract Controversy: A Test of Ethics and Investor Confidence

Capgemini faces mounting scrutiny after its U.S. subsidiary signed a contract with Immigration and Customs Enforcement (ICE), sparking ethical debates in France and raising questions about governance risks for the IT consulting giant.

Jan 30, 2026

Business

From 'Trusted' to 'Emergency': FINRA Proposes Key Terminology Shift to Boost Investor Safeguards

With low adoption rates for brokerage 'trusted contacts,' regulators are considering a simple name change to 'emergency contact' to reduce confusion, ease client concerns, and strengthen protections against financial exploitation.

Jan 30, 2026

Business

Three Sub-$50 Stocks Facing Headwinds: Why Investors Should Proceed with Caution

While stocks priced between $10 and $50 often signal companies past their initial hurdles, some still grapple with unproven models and market volatility. We examine three such stocks where the risk may outweigh the potential reward.

Jan 30, 2026