Core Viewpoint - The article highlights the stark contrast between the significant drop in Strategy's stock price and the continued bullish outlook from most analysts, indicating a potential disconnect between market performance and analyst sentiment [1][3]. Group 1: Stock Performance and Analyst Ratings - Strategy's stock price plummeted by 60%, resulting in a market cap loss of $73 billion, yet only 3 out of 19 analysts changed their stance to bearish, with 15 maintaining a "buy" rating [1]. - Among the analysts with "buy" ratings, 12 provided target prices, with a median target price of approximately $485, suggesting an implied upside of over 150% from the recent closing price of $189 [1]. - The highest target price from Benchmark Co. analyst Mark Palmer is $705, indicating a potential increase of nearly four times the current stock price [1]. Group 2: Market Sentiment and Comparisons - The optimistic sentiment towards Strategy is particularly pronounced among large U.S. companies, with its median target price indicating the highest potential upside in the Nasdaq 100 index [3]. - Strategy's stock price premium has significantly decreased, now only 1.2 times the value of Bitcoin, compared to previous peaks where it was over 2.5 times [7]. - Analyst Gus Gala previously downgraded Strategy to "sell" due to intense market competition but later adjusted the rating to "neutral" after the stock's decline [6][8]. Group 3: Future Outlook and Bitcoin Correlation - Analysts believe that Bitcoin will rebound strongly, similar to past trends, which could significantly boost the value of Strategy's cryptocurrency assets [2]. - Palmer predicts Bitcoin prices could soar over 140% to $225,000 by the end of 2026, which would likely drive Strategy's stock price higher as well [8][9]. - Despite some analysts lowering their target prices, they remain optimistic about the stock's potential for recovery in the next 12 months [8].

Core Viewpoint - Derlin Holdings (01709) experienced a significant decline in stock price, dropping nearly 15% in the afternoon trading session, with a current price of 2.15 HKD and a trading volume of 220 million HKD [1] Group 1: Stock Performance - Derlin Holdings' stock fell by 13.31% as of the latest report, indicating a negative market reaction [1] Group 2: Incentive Plans - The company announced the initiation of a second phase of its share incentive plan, aiming to establish a new reward pool of up to 40 million shares to motivate directors, senior management, and employees for their contributions to the company's development [1] Group 3: Business Strategy - Derlin Holdings clarified that its business does not fall under the digital asset treasury (DAT) or cash company model and does not intend to default on holding cryptocurrencies [1] - The company disclosed that approximately 257.51 million HKD has been allocated to its digital finance strategic plan, with around 123.73 million HKD invested in RWA, approximately 58.18 million HKD invested in One Carmel, and about 75.02 million USD used for acquiring Bitcoin mining machines from Bitmain [1]