Global Research ab 20 January 2026 China Thematics APAC Focus: Underappreciated names amid energy upcycle AI, multi-shoring and electrification are generating incremental global demand for electricity. To support this, we expect substantial CAPEX in the natural gas (offshore, LNG) and nuclear spaces to lift demand for energy equipment & parts (valves, gas turbine blades). Along with accelerating market consolidation and production outsourcing within the energy industry, we believe Chinese equipment/parts ma ...