The Global Point

Citi Research's 'The Global Point' highlights major upgrades for Samsung Electronics and Yaskawa Electric, while adjusting commodities strategy to favor copper and maintained UK large-cap preference.

Key Takeaways

• 1.Samsung Electronics target price raised to W460k due to sustained memory ASP momentum driven by AI token growth and HBM demand.
• 2.Alibaba Cloud AI stack analysis suggests AI-related revenues will reach 70% of total cloud revenues by FY2031, with MaaS growing at a 235% CAGR.
• 3.China Materials strategy shifts to favor Copper and Aluminum over Lithium, as mining equities catch up to underlying commodity prices.

Table of Contents

• Asia
• CEEMEA
• Japan
• Latin America
• Western Europe
• Key Rating and Target Price Changes

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