Smart Calls with Smartkarma

The performance gap between SITC International Holdings and Orient Overseas International Limited continues to widen, reinforcing the pair trade thesis.Osbert Tang joins Pranav Rao to unpack:• Why SITC continues to outperform OOIL on profitability and returns• How intra-Asia trade strength is supporting SITC's growth• The impact of China–US trade softness on OOIL• How oil prices and Middle East developments could shift the balanceLike what you heard? Share this episode and follow us for more Smart Calls.Access Osbert's Insight here: skr.ma/I8n7MThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

With its AGM approaching, investors are watching closely for signals that could pave the way for an ADR listing at SK hynix.Sanghyun Park joins Pranav Rao to break down what to watch at the upcoming meeting:• The key AGM agenda items that could enable an ADR listing• How capital reserve reductions and buybacks may support the move• Why management may prefer existing shares over new issuance• How a US listing could help close the valuation gap with peersLike what you heard? Share this episode and follow us for more Smart Calls.🎧 Listen to the full conversation and access Sanghyun's Insight here: skr.ma/x8lIUThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | The Medline IPO: Big Scale, Big RisksMedline, one of the largest suppliers of everyday medical and surgical essentials is heading for what could be the biggest US IPO of 2025, with a potential $5.4B raise and heavyweight cornerstone investors on board.Jeff Zell joins Pranav Rao to break down:• What makes Medline a "backbone" player in US healthcare• Key details of the IPO structure and cornerstone participants• Why size, leverage, and timing create real risks• The challenges of pricing a deal with 49 underwritersLike what you heard? Share this episode and follow us for more Smart Calls.Read the full Insight - https://skr.ma/C7S7kIPO Boutique - https://on.skr.ma/44ETWnZThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | ASEAN Trade & Turbulence: Resilience, Deals & Monetary StrengthASEAN is splitting into two paths — with Vietnam, Singapore, and Malaysia standing out as the likely winners.Manu Bhaskaran joins Pranav Rao to unpack: • Why ASEAN trade has stagnated • How CPTPP gives members a competitive edge • The role of RCEP in regional trade flows • Why central bank credibility will be critical amid global turbulenceLike what you heard? Share this episode and follow us for more Smart Calls.Read the full Insight - https://skr.ma/68g95Manu Bhaskaran - http://on.skr.ma/4q8MPgHThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | Newborn Town (9911 HK): China’s Global Social App ExporterNewborn Town is building an “App Factory” of export-only social and dating platforms—live streaming, voice chat, casual games—targeting the Middle East, Southeast Asia, and North America. Despite ~30–35% revenue growth and ~16% net margins, it trades at just 0.4x PEG compared to 0.8–1x peers.Pranav Rao speaks with Raj S to unpack:• Global expansion across digital verticals• AI-driven operating leverage• Valuation gap and re-rating thesisLike what you heard? Share this episode and follow us for more Smart Calls.Read the full Insight - http://on.skr.ma/4lUV9wWRaj S - http://on.skr.ma/4mJ6O3iThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | Kalyan Jewellers Under the LensFranchise expansion. Capital redeployment. What’s really behind Kalyan Jewellers’ growth strategy?Pranav Rao speaks with Pranav Bhavsar, who flags key investor watchpoints from the latest earnings call• Pause in debt reduction to free up real estate collateral• Faster supplier payments without clear ROC impact• Franchise model delivering lower margins vs peersWith the AGM approaching, investors have a prime chance to press management on their capital allocation decisions.Like what you heard? Share this episode and follow us for more Smart Calls.Read the Insight - https://on.skr.ma/4fBovPiPranav Bhavsar - https://on.skr.ma/4mLGg12This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

What’s driving the Ringgit’s weakness despite current account surpluses? And can reforms help stabilize it?Pranav Rao speaks with Chan Kok Peng, who highlights key factors behind the Ringgit’s decline: • Aggressive currency interventions signaling fundamental weakness • Dwindling structural support from the current account • Rising domestic shift to foreign currency depositsPlus, a look at potential long-term reforms to support Malaysia’s balance of payments.Like what you heard? Share this episode and follow us for more Smart Calls.Read the full free Insight - http://on.skr.ma/3J9BfAPChan Kok Peng - http://on.skr.ma/3Umvq5iThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | Asian Terminals Unpacked: Growth Drivers and Market OutlookConsistent volume growth. Recent double-digit tariff hikes. A stable duopoly with International Container Terminal Services, Inc. (ICTSI).Despite this, Asian Terminals (ATI PM) trades at just 9x PE—with expectations of 30% earnings growth and a 7% dividend yield in FY25.Pranav Rao speaks with Insight Provider Sameer Taneja to unpack: • Price hikes at Manila South Harbor and Batangas Port • Margin expansion and policy tailwinds • Why the market may be mispricing ATILike what you heard? Share this episode and follow us for more Smart Calls.Read the full Insight - https://skr.ma/oH8fDSameer Taneja - http://on.skr.ma/4m2aqMYAsian Terminals - http://on.skr.ma/44TZkUNInternational Container Terminal Services, Inc. - http://on.skr.ma/4kYISHrThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Bright Smart Securities: Innovation, Ownership, and What's NextWith Ant Financial set to acquire a majority stake in Bright Smart (1428 HK), the Hong Kong brokerage could see a step-change in digital reach, operational strategy, and access to mainland capital flows.In this Smart Call, Osbert Tang breaks down:• What makes Bright Smart's model unique—from mobile trading to weekend branch access• How the Ant deal could unlock tech synergies via ties to Alipay• Why virtual asset trading and stablecoin licensing could reshape HK's brokerage landscapeWatch now for key insights on a mid-sized broker making bold moves in a shifting market.Like what you heard? Share this episode and follow us for more Smart Calls.Osbert Tang - http://on.skr.ma/3IGP4XiBright Smart Securities - http://on.skr.ma/4m6E3N6This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma | From Crisis to Opportunity: Investing in China's Property ServicesWhile headlines focus on China’s troubled developers, the country’s property management sector operates on a fundamentally different model: asset-light, cash-generative, and increasingly independent from distressed parents.Pranav Rao speaks with Insight Provider Jacob Cheng to unpack: • How property management differs from traditional real estate development • The three key revenue drivers, including high-margin community services • Two SOE-backed standouts: China Overseas Property and CR MixC • Governance and related-party risks and examples investors should know • How leading PM firms are decoupling from troubled developers and diversifying their income baseLike what you heard? Share this episode and follow us for more Smart Calls.Jacob Cheng - http://on.skr.ma/44V40Z1This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma continues, and this week, we dive into a deal that’s anything but straightforward.This episode:Inside ENN Energy’s Complex Takeover DealENN Natural Gas is offering a mix of cash and newly listed A-shares to take over ENN Energy (2688 HK) but with limited visibility into valuation and an uncommon deal structure, minority shareholders are navigating a fair amount of uncertainty.Pranav Rao speaks with Insight Provider David Blennerhassett to unpack: • Why the deal structure is rare for Hong Kong • What the market is (and isn’t) pricing in • Valuation challenges and where the H-shares might trade • Whether there’s room for a bump in termsA vertical merger, opaque valuation, and a cautious minority, this one’s worth watching.Like what you heard? Share this episode and follow us for more Smart Calls.David Blennerhassett - http://on.skr.ma/44W60AmThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

Smart Calls with Smartkarma is back — and we’re relaunching with a market anomaly hiding in plain sight.This week’s call:Svenska Handelsbanken: Arbitraging Brought to BookThe high-conviction idea?SHB B shares trade at a ~55% premium to SHB A — despite lower voting rights, lower liquidity, and no index inclusion.This extreme and statistically unjustified gap is now over +2 standard deviations from the historical mean.In just 5 minutes, get the full picture: • The dislocation • The trade setup • What could go right — and wrongLong A, Short B — a rare shot at relative value in a blue-chip Nordic bank.Hear directly from Pranav Rao and Jesus Rodriguez Aguilar as they break it down in this Smart Call.Like what you heard? Share this episode and follow us for more Smart Calls.Jesus Rodriguez Aguilar - http://on.skr.ma/4m5cFiDThis podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma’s views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.