A collection of equity research notes focused on business fundamentals, valuation frameworks and risk assessment. All materials are for educational purposes only.

• Uber Technologies, Inc. (UBER)

Global mobility and delivery platform operating across Mobility, Delivery, and Freight.

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• Meta Platforms, Inc. (META)

Global digital advertising platform with strong cash generation and AI-driven monetisation optionality.

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• PHILIP MORRIS INTERNATIONAL, Inc. (PM)

World’s largest tobacco company by volume, among its reduced-risk products, PMI leads in both heated tobacco and nicotine pouches.

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• Nu Holdings, ltd. (NU)

Digital-first financial platform in Latin America, primarily monetizing through unsecured consumer lending and ecosystem cross-selling.