Vi e w p o i n t | 28 Jul 2026 00:12:59 ET │ 19 pages Datadog (DDOG.O) C2Q26 Preview: Itemizing & Sizing Upside Ingredients CITI'S TAKE Shares are >80% YTD with multiples hitting new peaks, but we see runway for stock to grind higher as growth accelerants strengthen (itemized, unpacked inside), keeping us Buyers into results (8/6). Specifically, we see 34% revs growth achievable (high-watermark ~36%) as DDOG executes on robust/diverse base demand from non-AI natives, and remains in pole- position to realize ...

Flash | 28 Jul 2026 00:08:29 ET │ 8 pages Japan Chemicals Interview with Sumco president, Shin-Etsu's new Mimasu Semiconductor facilities CITI'S TAKE On July 27, Nikkei Crosstech published an interview with Sumco President Tatsuda. The main points were as follows. 1) Inventory adjustment effects still remain in the overall wafer market; however, the market is recovering heading into 2026 H2. 2) The wafer market has historically repeated a cycle where companies implement capacity expansion when demand grows, ...

28 Jul 2026 00:10:03 ET │ 10 pages Flash | Cipla (CIPL.BO) gAdvair Approval: Walking the Talk on Complex Generics; Reiterate +ve CW CITI'S TAKE Cipla's USFDA approval for generic Advair is largely in line with expectations and marks the second of four guided respiratory approvals after Ventolin. With Symbicort and Flovent expected over the next few months, Cipla continues to deliver on complex products, supporting a pick-up in US sales and margins. We have anongoing +Ve CW on Cipla. Buy | Catalyst Watch: Up ...

Action | 28 Jul 2026 00:01:44 ET │ 10 pages Admiral Group (ADML.L) Adding Upside 90-Day Catalyst Watch | Direction: | Upside | | --- | --- | | Duration: | Within 90 Days (expires 26 Oct 2026) | | Catalyst: | Earnings | Admiral reports 1H earnings 6 August and we expect evidence that an early 2026 drip-feed of UK motor rate has continued through 1H. If it has, as we expect, then consensus estimates look materially too low. The UK motor rate cycle is not in full hardening phase yet but the evidence is buildin ...

Vi e w p o i n t | 27 Jul 2026 23:10:23 ET │ 14 pages Asia Economics & Strategy Daily PK SBP MPC On Hold; Strategy: Why we still see IDR upside; SG MAS Steepens; CN Tax Rule CITI'S TAKE PK SBP MPC on hold as expected; Strategy - Why we still see IDR upside? Take Profit on 1s5s INR NDOIS Steepener; Singapore - MAS Steepens "Very Slightly" and Keeps Door Open for More Tightening; China - Closing the Offshore Trust Tax Loophole; Upcoming events: RBA Governor to speak, US trade & CB consumer confidence. State B ...

Vi e w p o i n t | 27 Jul 2026 23:09:48 ET │ 13 pages Public and private pension funds CITI'S TAKE A change in the portfolio of the GPIF and other public pension funds looks increasingly probable, but we do not expect a dramatic change in the medium term. Given the recent rise in yields we expect corporate pensions and other pension funds to increase their investment in yen bonds over time but do not think there are large amounts of funds available for investment. Even so, there has for some time been ongoi ...

Flash | 27 Jul 2026 23:20:23 ET │ 12 pages ESR-REIT (ESRE.SI) Strong FY26E Outlook As Reversion Guidance Raised CITI'S TAKE ESR-REIT's (EREIT) 1H26 results (beat) illustrated the positive impact from its ongoing portfolio reconstitution exercise (which has enhanced portfolio quality in terms of age and remaining land tenure), with a strong FY26E outlook (core DPU expected to continue growing driven by completed AEIs, improved occupancies, positive reversions and rental escalations) amid expansion of reversi ...

Flash | 27 Jul 2026 23:30:42 ET │ 10 pages China Auto Manufacturers July EV Orders Tracking at -9% MoM (EV Retail at -6.8% YoY) CITI'S TAKE According to our dealer industry checks, overall EV orders during 4th week of July (20 Jul - 26 Jul) decreased -26% WoW mainly due to Xpeng's high WoW base post MONA L03 launch; July MTD EV orders is tracking at -9% MoM, better than July-2025 EV order's -16% MoM. If July-2026's NEV retail sales MoM pace eventually matches that of orders (i.e. both at -9% MoM), we estima ...

Vi e w p o i n t | 27 Jul 2026 23:05:20 ET │ 21 pages Japan Precision and SPE n 28 July 2026 Japan Precision and SPE SPE sector: Investment opinion and earnings trends (as of July 27, 2026) | | Share price performance (%) | 3/31-7/27 | 6/30-7/27 Near-term share price outlook, investment points, and catalysts | | | --- | --- | --- | --- | --- | | 6146 | Disco | -13.9 2.3 | -24.7 -22.9 | Expectations were high before the disclosure of parent preliminary sales data after the July 6 market close, but they adjus ...

E v e n t R e p l a y 27 Jul 2026 23:14:17 ET │ 2 pages CITI 30: Global Cosmetics – Changing Trends and Shifting Dynamics Video Webcast Speakers Filippo Falorni Tiffany Feng Paul Hwang Hiroki Watanabe Han Ming Mark Ong View Disclosures Tiffany Feng +852-2501-2759 tiffany.feng@citi.com Filippo Falorni, CFA +1-212-816-3743 filippo.falorni@citi.com Paul Hwang +82-2-3705-0748 paul1.hwang@citi.com Hiroki Watanabe +81-3-6776-8296 hiroki.watanabe@citi.com CITI 30: Global Cosmetics – Changing Trends and Shifting Dy ...