Now long Trio-Tech International; risk/reward highly asymmetric despite the run. Founder-led with skin in the game, strong recent revenue growth from AI/semiconductor testing demand, potential ties to AMD/COHR/MU, confirmed NXP supplier relationship, growing AI/automotive/semiconductor exposure. Risks: gross margin compression, insider selling, small-cap execution/customer concentration, dilution from a recent equity raise. Plans to keep adding on continued execution, capped at 10% of the portfolio.