Deep-dive stock research and institutional-grade analysis.
Research
MicroStrategy's leveraged Bitcoin strategy was celebrated as genius on the way up. The anatomy of its reversal — from premium to negative NAV — is a case study in the mechanics of leveraged single-asset exposure and the risks of corporate treasury strategies that conflate conviction with prudence.
Research
Bingo Group (8220.HK) is a Hong Kong-listed company executing a strategic pivot into AI and gaming. The 30x upside headline reflects a bull case, not a base case. Here is a rigorous analysis of what the thesis requires to be correct.
Research
A static analysis of Tariff War 2.0's direct GDP impact on China yields a manageable 0.8-1.2 percentage point drag. The more important question is the second-order effect on Chinese firms' adaptive response — and here, the historical precedent from Tariff War 1.0 is instructive.
Research
Quantum Solutions (TSE: 2338) is building an AI services business in Japan at a moment when enterprise AI adoption is accelerating, US-Japan semiconductor alignment is strengthening, and the weak yen creates structural cost advantages. The question is whether the company can execute before bett...