The Global Point

This report provides weekly market updates and investment research covering Asia, CEEMEA, and Europe, highlighting key corporate performance, AI developments, and target price adjustments.

Key Takeaways

• 1.Baidu's transformation into an AI-centric company is supported by its AI Cloud infrastructure boom and diverse monetization potential.
• 2.Nintendo's recent Direct event left the market underwhelmed, leading to expectations of a negative share price reaction.
• 3.Schaeffler AG is seeing accelerated BEV/PHEV adoption in Europe, supporting a higher target price and positive rating.

Table of Contents

• Asia
• Nintendo (7974.T) - Nintendo Direct (June 9, 2026) takeaways
• Ebara (6361.T) - Maintaining Buy - plenty of earnings upside, IR Day the next focus
• CEEMEA
• Saudi Aramco Base Oil Company - Luberef SJSC (2223.SE) - Revisiting Growth Potential; Raise TP to 146 SAR
• Western Europe
• Smith & Nephew PLC (SN.L) - Expert Surgeon Insights event takeaways: Incremental positives across LANDMARK and CORI
• Schaeffler AG (SHAOn.DE) - Increasing target price to €13 and maintaining our Buy/High Risk rating
• Valeo (VLOF.PA) - Valeo DC cooling MoU signed - not an order but further evidence of intent to grow outside Auto

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