nigel-stevenson
gillem-tulloch
mark-webb
sharp-corporation-6753-jp
astra-int-tbk-asii-ij
lg-electronics-inc-066570-ks
marubeni-corporation-8002-jp
aac-technologies-holdings-inc-2018-hk
san-miguel-corporation-smc-pm
sydney-airport-syd-au
dairy-farm-international-holdings-dfi-sp
ramsay-health-care-ltd-rhc-au
sk-holdings-co-ltd-034730-ks
agc-inc-5201-jp
airports-of-thailand-aot-tb
bangkok-dusit-medical-services-bdms-tb
china-unicom-hk-ltd-0762-hk
denso-corp-6902-jp
genting-singapore-ltd-gens-sp
pt-gudang-garam-tbk-ggrm-ij
hanjaya-mandala-sampoerna-tbk-pt-hmsp-ij
home-product-center-pcl-hmpro-tb
homepro
isuzu-motors-ltd-7202-jp
minebea-mitsumi-inc-6479-jp
saigon-beer-alcohol-beverage-corp-sab-vn
sekisui-chemical-co-ltd-4204-jp
suzuki-motor-corporation-7269-jp
tdk-corporation-6762-jp
toyota-tsusho-corp-8015-jp
west-japan-railway-co-9021-jp
aisin-seiki
aurizon-holdings-azj-au
cochlear-ltd-coh-au
dai-nippon-printing-co-ltd-7912-jp
hitachi-construction-machinery-co-ltd-6305-jp
hitachi-ltd-6501-jp
jg-summit-holdings-inc-jgs-pm
kia-corporation-000270-ks
komatsu-ltd-6301-jp
korea-shipbuilding-and-offshore-engineering-co-ltd-009540-ks
lendlease-corp-ltd-llc-au
mgm-china-holdings-ltd-2282-hk
ricoh-co-ltd-7752-jp
rohm-co-ltd-6963-jp
shimizu-corp-1803-jp
sm-investments-corp-sm-pm
sumitomo-electric-industries-ltd-5802-jp
taisho-pharmaceutical-holdings-co-ltd-4581-jp
toho-co-ltd-9602-jp
toppan-holdings-inc-7911-jp
wynn-macau-ltd-1128-hk
yamaha-corporation-7951-jp
yaskawa-electric-corporation-6506-jp
yamaha-motor-co-ltd-7272-jp
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Insights
19 May, 2026
NEWSLETTER: GDS HOLDINGS
Do Data Centres Earn Their Keep?

Mark Webb
GDS Holdings is a reminder that an appealing industry can struggle to generate an appealing return. Data centres are one of the market’s favourite infrastructure themes: cloud demand, artificial intelligence, digitalisation, outsourcing, and the endless growth in data consumption all point in the same direction. On paper, that sounds like a very attractive place to be. The question, though, is...
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1 December, 2023
NEWSLETTER: EVERGRANDE (3333 HK)
Never profitable

Fredrik Oeqvist
Evergrande’s much delayed and recently published 2021 annual report makes clear that it significantly overstated revenue and earnings – most likely for many years. Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a COVID-induced property market downturn; its problems were far more fundamental – there were never any profits....
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