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Joined December 2010
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A completely redesigned platform bringing together original investment insights, specialist alternative data and human expertise, all connected by AI and grounded in research.
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@travislundyasia looks at memory stocks in “days of future net income.” - I think this is a very interesting framework.
Kioxia just fell to less than 2 years.
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🚨 It is time for Smartkarma's Weekly Review
(Don't forget to share)
1. S&P 500 After Midterms (via @Barchart)
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🧵Smartkarma #eventdriven #threadoftheday
Aequitas: NEC Placement - US$900m Selldown, Sentiment Doesn't Appear to Be the Best
— Sumeet Singh
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$6701.JP
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🧵Smartkarma #equityderivatives #threadoftheday
AI-Trade Stocks Are Getting CRUSHED. Where Is Support? [Tactical SK Hynix, Samsung, SoftBank, TSMC]
— Nico Rosti
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$000660.KS
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🧵Smartkarma #bottomup #threadoftheday
Multi Bintang Indonesia (MLBI IJ): Q3 FY26 Revenue +29% YoY, Margins Up, Cash Flow Rebounds
— Sameer Taneja @SameerTaneja41
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$MLBI.IJ
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A lot of asset owners are about to discover that their allocations are far less diversified than the risk teams have presented them.
Looking under the hood:
Active equity books are long semiconductors and AI.
Passive equity sleeves are crowded into mega-cap technology.
Credit is long AI and data-centre related bonds.
Real estate owns data centres.
Private markets are long Anthropic and peers.
ie Different wrappers, same underlying factor.
I call it di-worse-ification and would not be surprised if a number of pension funds are forced toward Total Portfolio Approach frameworks and more rigorous implied factor risk attribution as a result.
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Don’t shoot the messenger.
You could have owned Tencent, or Link Reit this year.
For that matter, you could have owned $NVDA or Link Reit this year.
And this doesn’t account for the near 7pc yield and buybacks.
Everyone’s “degrossing” but as dust settled this might be a good line to pull on:
APAC Consumer Staples screen: high SmartScore, liquid large-caps with strong dividend factors
Smartkarma SmartScore rankings (latest pull) highlight several large-cap APAC Consumer Staples names with elevated overall scores and high Dividend factors. Selected examples include:
•Wuliangye Yibin (000858 CH) — SmartScore 4.0/5, Dividend 5.0/5, market cap ~$43.4B. Recent broker notes (Wanlian, Dongwu) reference active shipment control to support batch prices and channel repair, with attention on shareholder returns.
•ITC Ltd (ITC IN) — SmartScore 4.0/5, Dividend 5.0/5, market cap ~$35.1B. Broker updates (ICICI Direct, Motilal Oswal, Prabhudas Lilladher) note cigarette tax/margin pressure alongside FMCG contributions.
•Asahi Group Holdings (2502 JP) — SmartScore 3.8/5, Value 5.0/5, Dividend 4.0/5, market cap ~$15.4B. Broker comments (DBS) reference post-disruption recovery and constant-currency growth guidance.
•Guangdong Haid Group (002311 CH) — SmartScore 4.0/5, Dividend 5.0/5, market cap ~$11.7B. Recent results notes (Pacific, Kaiyuan, Huaan) cite scale growth and overseas capacity amid short-term profit pressure.
•Japan Tobacco (2914 JP) — SmartScore 3.8/5, Dividend 5.0/5, market cap ~$81.8B. Screens with high dividend and resilience factors; appears in broader defensive staples commentary.
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Company pages
smartkarma.com/entities/wuli…
smartkarma.com/entities/itc-…
smartkarma.com/entities/asah…
smartkarma.com/entities/guan…
smartkarma.com/entities/japa…
Data from Smartkarma SmartScore and aggregated public broker commentary.
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What US insiders are buying; and what they are selling:
Lars Kreckel’s Sentiment Matters publication is always a very useful read on Smartkarma.
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For subs:
smartkarma.com/insights/sent…
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It’s all over folks…
US FAA says it will phase out floppy disks from air traffic control by 2028 reut.rs/4zsSsu2
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The market always knows…
Micron ($MU) and semiconductor search volume YoY vs share price.
Remarkably similar to the Labubu and PopMart chart last year.
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Double-Ds (Dram Decline Winners) starting to bounce now...
Apple’s ($AAPL) comments on memory prices have pushed the narrative that the entire sector is seeing broad-based margin expansion.
Looking past the headline print, the underlying tape shows a clear divergence:
DRAM and NAND dynamics have split, and supply discipline among Korean producers is beginning to show friction.
Here is what local channel checks in Seoul are pointing to:
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Heineken Indonesia Q3 just out
Sales +29% YoY
Net Income +23% YoY
9M Cash Flow +59% YoY
9.2x FY26E P/E, 5.8x EV/EBITDA, and 10.9% yield
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🧵Smartkarma #eventdriven #threadoftheday
KISCO Corp (104700 KS): Parent's Fair Offer For Shares Not Held
— David Blennerhassett
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$104700.KS
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🎯 Price ratio of closely correlated ADR/local pair, Fomento Economico Mexicano SAB/Fomento Economico Mexica-Ubd is near -2 s.d.
Scores
• Actionability 4: room for price ratio to mean-revert
• Investability 4: fairly liquid pair
🔒 For Subs:
on.skr.ma/486Y16M
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🔓 Free Research Previews —
• Fomento Economico Mexicano SAB $FMX:
on.skr.ma/4mI8ol2
• Fomento Economico Mexica-Ubd $FEMSAUBD.MM:
on.skr.ma/4mJSVRo
🔍 Access Smartkarma's premium tools & features here:
on.skr.ma/tools
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The Hour Glass 1H FY2027: solid print, S$51m returned to shareholders.
Street coverage still thin. 1 Broker with big upside.
@MikeFritzell, @SameerTaneja41 and Punit Khanna provide independent coverage.
•Rev +20% to S$740m
•PATMI +27% to S$96.3m
•EPS +29% to 15.09c
•Buybacks 9.44m shares @ ~S$2.73 + FY26 final div
•Cash S$160m, zero bank debt
•Interim 2c payable 27 Nov
Lines up with prior Smartkarma notes on the Rolex/Patek agencies, margins and capital returns.
Results: links.sgx.com/FileOpen/THGL_…
Smartkarma: smartkarma.com/insights/prim…
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