Citi
May 14, 2026
The Global Point
Market ReportEquitiesRates Govt BondsReal EstateInformation TechnologyConsumer Discretionary
A global multi-asset compilation of research notes covering major earnings updates for Alibaba, Tencent, and MercadoLibre, alongside analysis of Australia's federal budget and European industrial catalysts.
Key Takeaways
- 1.Alibaba reports explosive AI growth, with AI-related cloud revenue growing by triple digits for the 11th consecutive quarter and MaaS ARR reaching Rmb8bn.
- 2.Australia's 2026-27 Federal Budget introduces major housing reforms, including the abolition of negative gearing for existing properties and a reduction in capital gains tax discounts.
- 3.MercadoLibre is downgraded to Neutral/High-Risk following weak 1Q26 results and reduced visibility on margin trajectory due to intensive investment cycles.
Table of Contents
- Asia
- Australia/NZ
- CEEMEA
- Latin America
- Western Europe
- Key Rating and Target Price Changes
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Authors
Johanna ChuaAlicia Yap, CFA
Securities
BABA0700MELITKAG.DESTLAM.MI
Themes
AI Monetization & Cloud TransformationHousing Tax Reform in AustraliaAutomotive Sector Cost ResilienceConflict-Driven Market Recovery
Regions
Asia PacificEuropeLatin AmericaAustraliaChinaGermany