Fundamentals

• South Korea is experiencing a stock market frenzy driven by AI speculation, leading to sharp price swings and increased volatility. • Market movements are being fueled by leveraged investment products rather than corporate fundamentals, unsettling both regulators and investors. • This instability complicates the valuation of South Korean equities, which is critical given the nation's role as a primary supplier of AI-related semiconductor technology.

• The Indonesian stock market (IDX) is currently experiencing heightened volatility and persistent downward pressure. • This decline is primarily driven by prolonged foreign capital outflows resulting from global economic uncertainties and potential downgrades from global index providers. • A shift in investor behavior is occurring, where massive IPO oversubscriptions are no longer seen as guarantees of success, leading investors to prioritize company fundamentals over market hype.

• Over the last 7 days, the US market rose 3.2% and is up 31% over the past year, with earnings forecast to grow 16% annually, spotlighting undiscovered gems based on debt-to-equity, revenue growth, earnings growth, and health ratings. • Top picks include First Bancorp (68.27% debt/equity, 1.25% revenue growth, -3.09% earnings growth, ★★★★★★), Southern Michigan Bancorp (108.80% debt/equity, 7.38% revenue growth, 0.84% earnings growth, ★★★★★★), and Cashmere Valley Bank (31.63% debt/equity, 5.07% revenue growth, 1.43% earnings growth, ★★★★★★). • Other notables are ASA Gold and Precious Metals (12.65% revenue growth, 41.20% earnings growth, ★★★★★★), Anbio Biotechnology (-30.09% revenue growth, -3.45% earnings growth, ★★★★★★), and Affinity Bancshares (41.71% debt/equity, 1.36% revenue growth, -0.22% earnings growth, ★★★★★★).