The Point for Asia Pacific

Citi updates its outlook on several Asia-Pacific tech and industrial stocks, highlighting Mediatek's shift to AI ASICs and SoftBank's ARM-driven NAV expansion.

Key Takeaways

• 1.Mediatek is transitioning into an AI ASIC player, with AI ASIC revenue projected to reach approximately 38% of total revenue within two years.
• 2.SoftBank Group's NAV expansion is being heavily driven by the massive 180% YTD rise in ARM shares, which now account for 60% of SBG's portfolio value.
• 3.Kingboard Laminates is successfully passing through material cost inflation (copper/e-glass) via significant ASP increases for CCL (10%) and Prepreg (20%).

Table of Contents

• Top Call
• Country Top Calls
• Key Rating and Target Price Changes

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