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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Authors
Peter LeeAlicia Yap, CFABeata M Manthey, Ph.D.
Securities
Samsung Electronics9988.HK6506.TNHY.OL
Themes
AI Monetization & Token EconomyGeopolitical Hedging in UK Large CapsMining Equities vs. Spot Prices
Regions
Asia PacificEuropeLatin AmericaSouth KoreaChinaPoland