What we’re seeing, thinking, and hearing.

insight is where we share market dynamics, emerging ideas, and shifts in narrative that feel relevant.

Our approach is selective. We publish only when a theme or market shift justifies deeper attention and a clear point of view—across public markets, alternatives, macro themes, and institutional flows.

It’s not investment advice—it’s signal, context, and perspective.

We cover a wide range of topics: capital cycles, policy changes, fund behaviour, underappreciated equities, and cross-sector developments that are starting to move. Sometimes it's a dynamic in listed markets, sometimes a structural theme building behind the scenes.

insight exists to help our readers think more clearly—by pointing to what might matter next, and why.

For institutional investors looking for deeper analysis, models, and direct access to our team, we offer a full institutional research platform: Access.

It’s built for capital allocators and includes:
• Detailed reports and valuation models
• Thematic deep-dives across sectors and geographies
• Analyst briefings, positioning calls, and client dialogue
• Research designed to inform capital allocation with clarity and conviction
• Access to our network—industry operators, allocators, and corporate clients
• Exposure to selected deal flow where relevant

📩 To request a sample or learn more, email Research@oceanwall.com

Disclaimer

This publication has been prepared by Ocean Wall Ltd for information purposes as general market commentary only. This content is directed solely at Professional Clients and Eligible Counterparties and is not intended for, and must not be relied upon by or distributed to, Retail Clients. This Report does not constitute investment research or investment advice, and is not an offer or a solicitation to buy or sell any security. It should not be so construed, nor should it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. It is not an advertisement to an unlimited group of persons of securities, or related financial instruments. The Report does not constitute a personal recommendation, and the investments referred to may not be suitable for the specific investment objectives, financial situation or individual needs of recipients and should not be relied upon in substitution for the exercise of independent judgement. Past performance is not necessarily a guide to future performance, and an investor may not get back the amount originally invested. The stated price of any securities mentioned herein is not a representation that any transaction can be affected at this price.

Each Report has been prepared using sources believed to be reliable, however these sources have not been independently verified and we do not represent it is accurate or complete. Neither Ocean Wall Ltd, nor any of its partners, members, employees or any affiliated company accepts liability for any loss arising from the use of the Report or its contents. It is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. However, the companies or legal entities covered in our content may pay us a fee, commission or other remuneration in order for Ocean Wall Ltd to provide corporate advisory or investor relation services. Ocean Wall Ltd accepts no fiduciary duties to the reader of this Report and in communicating it Ocean Wall Ltd is not acting in a fiduciary capacity. While Ocean Wall Ltd endeavours to update on a reasonable basis the information and opinions contained herein, there may be regulatory, compliance or other reasons that prevent us from doing so. The opinions, forecasts, assumptions, estimates, derived valuations and target price(s) contained in this material are as of the date indicated and are subject to change at any time without prior notice.

Ocean Wall Ltd does not make recommendations. Accordingly, we do not publish records of our past recommendations. Where a Fair Value price is given in our content, such as a DCF or peer comparison, this is the theoretical result of a study of a range of possible outcomes, and not a forecast of a likely share price.

Ocean Wall Ltd has a personal dealing policy which debars staff from dealing in shares, bonds or other related instruments of companies or legal entities which pay

Ocean Wall Ltd for any services, however Ocean Wall Ltd may hold positions in these companies or legal entities where payment for services has been made in shares, bonds or other related instruments.

The views expressed and attributed to the research analyst or analysts in the Report accurately reflect their personal opinion(s) about the subject securities and issuers and/or other subject matter as appropriate. Information that is non-factual, interpretive, assumed or based on the analyst’s opinion shall not be interpreted as facts and where there is any doubt as to reliability of a particular source, this is indicated