The Point for Asia Pacific

This Citi Research summary covers MediaTek's AI-centric repositioning, BYD's intelligent tech strategy, and revised inflationary outlooks for India.

Key Takeaways

• 1.MediaTek is repositioning itself from a mobile-chip supplier into a broader edge-to-cloud AI platform company.
• 2.BYD is shifting strategic leadership from electrification to full-stack intelligent technologies, with a plan to invest RMB100bn in R&D over 3 years.
• 3.India's inflation forecast for FY27 has been revised upward to 4.9% due to rising oil prices and weak monsoon forecasts, leading to expectations of rate hikes in August and October.

Table of Contents

• Top Call
• Country Top Calls
• Cathay FHC (2882.TW) - 1Q26 Constructive Dividend Outlook Amid Equity Market Strength
• Seatrium Limited (SEAT.SI) - 1Q26 Business Update: Adjusting estimates for lower target order pipeline
• RHB Bank (RHBC.KL) - 1Q26 in line; strategy taking shape with NIM expansion and NII growth
• Bank Negara Indonesia (BBNI.JK) - BBNI Apr26 results: in-line but uptick in credit costs
• Key Rating and Target Price Changes
• Appendix A-1

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