本期花旗亚太观点汇总多个市场的重点个股观点：Infosys二季度收入及EBIT基本符合预期，订单总额超50亿美元，但2027财年指引下调，有机增长中值转为-0.2%，目标价下调至1105卢比，维持中性；发那科2027财年二季度订单达3061亿日元创历史新高（同比+49%），机床与机器人业务超预期，上调营业利润指引至2407亿日元并宣布500亿日元回购；紫金矿业前三季度净利润575亿元（同比+52%），三季度铜板块毛利贡献首次超过黄金，维持买入；思源电气三季度净利润9.39亿元（同比+4.5%）低于预期，毛利率同比降2.4个百分点并计提较多减值，预计2026年市场盈利预测将被下调。报告另覆盖澳大利亚国民银行裁员重组、印度BPCL、韩国Paradise、吉宝数据中心REIT、印尼Mandiri银行及泰国银行等标的，整体对IT服务板块维持谨慎看法。
This Asia Pacific Top Call publication summarizes Citi's key stock views across the region. Infosys reported a largely in-line 2Q on revenue/EBIT with deal TCV above $5bn, but FY27 organic guidance now implies -0.2% yoy at the mid-point; TP cut to Rs1,105, maintain Neutral with a cautious sector view. Fanuc's FY3/27 Q2 orders hit a record ¥306.1bn (+49% YoY), beating forecasts on the machine-tool FA division, with OP of ¥63.2bn on a 42.3% GPM; FY guidance raised to ¥240.7bn and a second ¥50.0bn buyback announced. Zijin Mining's 9M26 net income reached Rmb57.5bn (+52% YoY), with 3Q26 net profit of Rmb18.4bn (+26% YoY, -4% QoQ); copper gross profit surpassed gold, maintain Buy. Sieyuan Electric's 3Q26 net profit rose only 4.5% yoy to Rmb939m, missing expectations on a 2.4ppt gross margin decline, higher impairments and forex losses, likely prompting consensus cuts. The note also covers NAB's restructuring, BPCL, Paradise, Keppel DC REIT, Bank Mandiri and Thai banks.