投资者演示文稿 - 亚洲主题_2026 年竞争性重塑-Investor Presentation-Asia Thematics Competitive Reinvention for 2026

Summary of Key Points from the Conference Call Industry Overview - The focus is on the Asia Pacific region, emphasizing competitive reinvention and corporate strategies to adapt to emerging technologies and multipolar supply chains [1][4][8]. Core Themes and Insights - Asia is undergoing significant transformation in growth and corporate strategies, with a focus on capital market reforms to enhance competitiveness [1][4]. - The updated Asia Thematic Focus List includes 25 stocks identified as conviction winners, projecting a three-year EPS CAGR of 16.1% for 2025-27, with a forward P/E of 22.6x and a PEG of 1.4x [7][8]. Sub-Thematic Analysis - Top Sub-Themes: - China's AI Path ranks highest, followed by the Diabesity Ecosystem and AI & Healthcare [7][8]. - The thematic fund flow and stock mapping have been deepened, quantifying and ranking growth, valuations, and performance across sub-themes [7][8]. Financial Metrics - The Asia Thematic Focus List is trading at a forward P/E of 22.6x and a PEG of 1.4x, indicating a robust growth outlook [7][8]. - Specific sub-themes show promising growth metrics: - Critical Minerals: 19.9% sales growth CAGR and 50.0% EPS growth [28]. - Semiconductor Localization: 23.2% sales growth CAGR and 32.2% EPS growth [30]. - AI & Tech Diffusion: 11.0% sales growth CAGR and 18.8% EPS growth [30]. Thematic Fund Flows - APAC-domiciled thematic funds' AUM reached $191 billion as of September 2025, with significant growth in "Robotics + Automation" and "Artificial Intelligence + Big Data" funds [20][22]. - Digital Economy thematic funds recorded the highest fund flows in Q3 2025 [25]. Valuation Insights - The report highlights that while some sub-themes exhibit strong revenue and EPS growth prospects, they also face high valuations [28]. - The Future of Energy sub-themes show lower growth outlooks but offer more valuation support [31]. Additional Observations - The report emphasizes the importance of understanding the competitive landscape and the need for companies to adapt to the evolving market dynamics in Asia [1][4]. - The analysis includes a ranking of sub-themes based on growth, valuation, and risk-reward profiles, providing a comprehensive view of investment opportunities [33][34]. Conclusion - The Asia Pacific region is positioned for significant growth driven by technological advancements and strategic reforms, with various sub-themes offering attractive investment opportunities despite varying valuation metrics [1][4][8].