Offshore
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Michael Fritzell (Asian Century Stocks)
This thing is so damn sweet. Lol https://t.co/PSLkqaIfFK
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This thing is so damn sweet. Lol https://t.co/PSLkqaIfFK
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Offshore
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Michael Fritzell (Asian Century Stocks)
RT @Healthstockpick: Healthcare portfolio out-performing my wider portfolio, mostly thanks to Modern Dental and more recently Envista, still in total with several stocks in serious drawdowns I'm up less than 1% YTD. As you can see Medtech sector has been brutal in 2026, down 6%. https://t.co/dzO6UGaqoW
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RT @Healthstockpick: Healthcare portfolio out-performing my wider portfolio, mostly thanks to Modern Dental and more recently Envista, still in total with several stocks in serious drawdowns I'm up less than 1% YTD. As you can see Medtech sector has been brutal in 2026, down 6%. https://t.co/dzO6UGaqoW
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Offshore
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Michael Fritzell (Asian Century Stocks)
RT @DavidZhang360: Imagine the stuff they have on foreign government officials in those “free trips to see China” tours they offer. No wonder those that come back start doing the dirty work for the CCP
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RT @DavidZhang360: Imagine the stuff they have on foreign government officials in those “free trips to see China” tours they offer. No wonder those that come back start doing the dirty work for the CCP
A BBC investigation has uncovered a network of hidden cameras secretly filming people in hotel rooms across China.
📺 Watch the full documentary on our YouTube channel: https://t.co/8Sl1uvgbHQ https://t.co/iUyXK85mdX tweet
Offshore
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Jukan
Lately I’ve been building a thesis I call the “Apple Bull” theory.
Vibe coding will boost Apple’s revenue even further.
By lowering the barrier to entry for programming, vibe coding will lead to more apps being submitted to the App Store, which in turn will generate more App Store profit for Apple.
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Lately I’ve been building a thesis I call the “Apple Bull” theory.
Vibe coding will boost Apple’s revenue even further.
By lowering the barrier to entry for programming, vibe coding will lead to more apps being submitted to the App Store, which in turn will generate more App Store profit for Apple.
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Offshore
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Michael Fritzell (Asian Century Stocks)
New deep-dive on the website: on energy drink maker Carabao (CBG TB):
- Forward P/E 12x
- 70% decline in the share price since 2021
- Founder bought 1.25 million shares in June 2025 https://t.co/ej0ZGQ92jY
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New deep-dive on the website: on energy drink maker Carabao (CBG TB):
- Forward P/E 12x
- 70% decline in the share price since 2021
- Founder bought 1.25 million shares in June 2025 https://t.co/ej0ZGQ92jY
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Michael Fritzell (Asian Century Stocks)
Chanos: Bitcoin is a barometer of speculative activity among retail investors
https://t.co/fz2IR2tVvd
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Chanos: Bitcoin is a barometer of speculative activity among retail investors
https://t.co/fz2IR2tVvd
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Pocket Casts
Jim Chanos: The Bears Are Out Of Hibernation
Dan Nathan and Guy Adami welcome Jim Chanos, founder of Chanos and Co, to discuss a wide range of investment and market topics. They delve deep into Chanos' investment strategies, including his focus…
Offshore
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Michael Fritzell (Asian Century Stocks)
RT @DoNotMindPlease: Holding companies listed on Bursa continue at discount.
Batu Kawan Bhd
> Holds 48% in KLK
> That stake of KLK is valued at RM10.6 billion
> Meanwhile, the market cap of Batu Kawan is only RM7.6 billion.
> Huge discount.
HLFG
> Holds ~62% of HLBB
> That stake of HLBB is valued at about RM33 billion.
> Meanwhile, HLFG is valued at RM26 billion.
> indicating huge value, without taking into account of 70% HLA, 81% HLCAP.
> HLFG is the most inexpensive financial institutional in Malaysia trading at only P/B of 0.8x.
Genting Bhd
> holds 52% in Genting Singapore
> That stake of Genting Singapore is valued at about SGD4.8 billion or about RM19 billion.
> Yet, Genting Berhad market cap is only about RM11 billion.
> That excludes holdings in Genting Malaysia, Genting Plantation.
The rare exception is Sunway Berhad.
> The group is valued at a premium.
> That's because of Sunway Healthcare Group which the group holds 84%.
> Sunway Berhad is valued at 35x P/E ratio.
> The group holds 55% in Sunway Con, 41% in SunREIT.
Summary: (Market Cap vs Value of SOP)
Batu Kawan RM7.8 billion vs RM10.5 billion (discount)
HLFG RM26.1 billion vs RM34.2 billion (discount)
YTL Corp RM23.6 billion vs RM27.8 billion (discount)
Genting Berhad RM10.9 billion vs RM25.3 billion (discount)
Sunway Berhad RM38.8 billion vs RM7.9 billion (Premium)
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RT @DoNotMindPlease: Holding companies listed on Bursa continue at discount.
Batu Kawan Bhd
> Holds 48% in KLK
> That stake of KLK is valued at RM10.6 billion
> Meanwhile, the market cap of Batu Kawan is only RM7.6 billion.
> Huge discount.
HLFG
> Holds ~62% of HLBB
> That stake of HLBB is valued at about RM33 billion.
> Meanwhile, HLFG is valued at RM26 billion.
> indicating huge value, without taking into account of 70% HLA, 81% HLCAP.
> HLFG is the most inexpensive financial institutional in Malaysia trading at only P/B of 0.8x.
Genting Bhd
> holds 52% in Genting Singapore
> That stake of Genting Singapore is valued at about SGD4.8 billion or about RM19 billion.
> Yet, Genting Berhad market cap is only about RM11 billion.
> That excludes holdings in Genting Malaysia, Genting Plantation.
The rare exception is Sunway Berhad.
> The group is valued at a premium.
> That's because of Sunway Healthcare Group which the group holds 84%.
> Sunway Berhad is valued at 35x P/E ratio.
> The group holds 55% in Sunway Con, 41% in SunREIT.
Summary: (Market Cap vs Value of SOP)
Batu Kawan RM7.8 billion vs RM10.5 billion (discount)
HLFG RM26.1 billion vs RM34.2 billion (discount)
YTL Corp RM23.6 billion vs RM27.8 billion (discount)
Genting Berhad RM10.9 billion vs RM25.3 billion (discount)
Sunway Berhad RM38.8 billion vs RM7.9 billion (Premium)
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Offshore
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Michael Fritzell (Asian Century Stocks)
"SaaS companies selling plug-in features with a monthly subscription will get replaced. Companies providing end-to-end platform-level solutions will not only survive but may see unit economics improve as they deploy AI to cut their own costs."
https://t.co/IbOtUlDDci
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"SaaS companies selling plug-in features with a monthly subscription will get replaced. Companies providing end-to-end platform-level solutions will not only survive but may see unit economics improve as they deploy AI to cut their own costs."
https://t.co/IbOtUlDDci
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Offshore
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DAIR.AI
RT @dair_ai: Memory is the bottleneck for LLM agents.
Fixed memory pipelines waste compute on irrelevant information while potentially discarding what a specific query actually needs.
This new research introduces BudgetMem, a runtime agent memory framework that extracts memory on-demand with explicit, controllable performance-cost trade-offs.
As agents scale to longer interactions and more complex tasks, memory cost becomes a first-class concern. BudgetMem provides a systematic framework for explicit performance-cost control in runtime agent memory.
Instead of treating memory as a monolithic pipeline, BudgetMem structures extraction into modular stages, each offered in three budget tiers (Low/Mid/High).
A lightweight neural router, trained with reinforcement learning, selects the right tier per module based on the current query and intermediate context.
They study three complementary strategies for realizing budget tiers: implementation tiering (varying method complexity), reasoning tiering (varying inference behavior like direct vs. reflection), and capacity tiering (varying model size).
On LongMemEval with LLaMA-3.3-70B, BudgetMem-CAP achieves a Judge score of 60.50, surpassing the strongest baseline LightMem (48.51) by a wide margin. On HotpotQA with Qwen3-Next-80B, BudgetMem-CAP scores 72.08 at just $0.22 cost, while BudgetMem-REA reaches 70.83 at an even lower $0.17. The trained router also transfers across model backbones without retraining.
The analysis reveals that implementation and capacity tiering span broader cost ranges for exploring budget extremes, while reasoning tiering acts as a fine-grained quality knob within a tighter cost band.
Paper: https://t.co/qkKmawVNrk
Learn to build effective AI agents in our academy: https://t.co/LRnpZN7deE
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RT @dair_ai: Memory is the bottleneck for LLM agents.
Fixed memory pipelines waste compute on irrelevant information while potentially discarding what a specific query actually needs.
This new research introduces BudgetMem, a runtime agent memory framework that extracts memory on-demand with explicit, controllable performance-cost trade-offs.
As agents scale to longer interactions and more complex tasks, memory cost becomes a first-class concern. BudgetMem provides a systematic framework for explicit performance-cost control in runtime agent memory.
Instead of treating memory as a monolithic pipeline, BudgetMem structures extraction into modular stages, each offered in three budget tiers (Low/Mid/High).
A lightweight neural router, trained with reinforcement learning, selects the right tier per module based on the current query and intermediate context.
They study three complementary strategies for realizing budget tiers: implementation tiering (varying method complexity), reasoning tiering (varying inference behavior like direct vs. reflection), and capacity tiering (varying model size).
On LongMemEval with LLaMA-3.3-70B, BudgetMem-CAP achieves a Judge score of 60.50, surpassing the strongest baseline LightMem (48.51) by a wide margin. On HotpotQA with Qwen3-Next-80B, BudgetMem-CAP scores 72.08 at just $0.22 cost, while BudgetMem-REA reaches 70.83 at an even lower $0.17. The trained router also transfers across model backbones without retraining.
The analysis reveals that implementation and capacity tiering span broader cost ranges for exploring budget extremes, while reasoning tiering acts as a fine-grained quality knob within a tighter cost band.
Paper: https://t.co/qkKmawVNrk
Learn to build effective AI agents in our academy: https://t.co/LRnpZN7deE
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Offshore
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Michael Fritzell (Asian Century Stocks)
RT @MarkSimonHK: Cigars tonight with Taipei friends. All do extensive China business.
-None see anything positive in China. No growth, mass credit/loan issues. Real estate drops plague all sectors. @Potus @SecScottBessent need to know that Xi Can’t deliver on trade.
https://t.co/fDqrsdeKIM
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RT @MarkSimonHK: Cigars tonight with Taipei friends. All do extensive China business.
-None see anything positive in China. No growth, mass credit/loan issues. Real estate drops plague all sectors. @Potus @SecScottBessent need to know that Xi Can’t deliver on trade.
https://t.co/fDqrsdeKIM
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