Wrap Asia

Private credit's cracks widen, threatening PE returns. Investors eye rising risks and valuations.

Morgan Stanley's new Bitcoin ETF boasts a 0.14% fee, undercutting BlackRock's 0.25% IBIT for cheaper crypto exposure.

SNX surges 40% on strong revenue & EPS growth, trading at 12.7x P/E. PAYO gains 18.8% with 26.3% revenue growth, 23.1x P/E.

Space stocks soar! RDW at 6x sales offers value vs. RKLB's 1600x earnings. Buy RDW?

SLB's 1.2% sales decline & 21.5% gross margin weigh on its $52.86 stock. TT & SPGI show strong growth & ROE.

Saronic raises $1.75B, valued at $9.25B, to build robot navy. Defense stocks LDOS, LHX, GD, HII also vie for contracts.

GS beats earnings but dips on macro fears. Strong revenue, but watch AI risks & credit provisions.