ab 17 October 2025 Global Research HOLT APAC China Internet - Improving CFROI in 2026 HOLT Market Implied Yield (MIY) now back at 5-year median levels Sentiment also appears to be improving with Chinese Internet stocks up by an average of 24% over the past three months, and nearly 50% year-to-date. Given the strong performance, HOLT's Market Implied Yield (MIY) has fallen to 5.2%, in line with 5-year median levels. Framing the sector using HOLT Scorecard factors Increased competition driving CFROI lower thi ...