Industry Research
China AI Cloud: Demand Growth Is Confirmed; Capital Returns Remain Unproven
August 24, 2026The market is moving from compute rental toward model services; utilisation and software revenue share determine profitability
Industry Research
Priced on Revenue, Not on Revenue Quality
August 24, 2026The cohort's quality-adjusted multiple map is inverted; the 2026-27 listing wave is the catalyst
Equity Research
ASML Investment Analysis Report
August 22, 2026ASML’s core investment thesis lies in its strong technological moat and near-indispensable position in EUV lithography, combined with rising advanced-node capital expenditure driven by AI demand.
FX
AUD/JPY: Carry Still Pays; Tail Risk Now Dominates
August 20, 2026A tactical framework for carry, BOJ normalization, and nonlinear yen risk
Commodities
Copper at a Crossroads
August 20, 2026Structural Scarcity, Cyclical Demand and Global Inventory Dislocation
Equity Research
Oracle Corporation (ORCL): Investment Considerations Report
August 20, 2026From Business Fundamentals to Equity Pricing: AI Infrastructure Expansion, Backlog Quality, Capital Structure, and Execution Risk
Commodities
Crude Oil Through the Cycles
June 11, 2026Five post-war supply regimes, and why the next price center re-anchors higher
Industry Research
The Efficiency Revolution in Snacking
May 15, 2026How mass-discount retail rewired China’s snack value chain — and why the model endures
Commodities
Gold | FY2025 Review & 2026 Outlook
February 1, 2026A Groundbreaking Year: Investment Takes the Wheel as Demand Tops 5,000t