In this briefing: Hybridan Small Cap Feast: 9 February 2026 Endurance Technologies Ltd - Strong Order Wins & Strategic Capex; Margin Upside Largely Priced In VIP Industries Ltd - Near-Term Challenges Continue; Maintain HOLD Minor International Plc. (MINT): Core Profit Beats; Europe Enters 1Q26 Low Season GuocoLand’s Quek Leng Chan Builds Interest 1. Hybridan Small Cap Feast: 9 February 2026 Arecor Therapeutics 80.00p £29.26m (AREC.L) The biopharmaceutical Company focused on drug development and enhanced delivery in diabetes and other cardiometabolic diseases provided a business update for the 12 months ended 31 December 2025. The Company continued focus on two core product areas: diabetes and oral delivery of peptides. A codevelopment deal was signed in September 2025 with Sequel Med Tech to combine Arecor's ultra-concentrated, ultra-rapid-acting (500U/mL) insulin AT278 with Sequel's twist Automated Insulin Delivery (AID) system. 2. Endurance Technologies Ltd - Strong Order Wins & Strategic Capex; Margin Upside Largely Priced In Strong Order book: As of Dec’25, the company has secured total business orders worth ~Rs 5,021 Cr over the last five years, along with cumulative replacement orders of Rs 730 Cr and Rs 4,291 Cr in new orders.