India’s power grid faces a dual‑track shift, with coal still delivering base‑load while renewables add incremental output, says Baiju Joshi of Macquarie Equity Research. The country could lift installed capacity to 900 GW by FY 2032 from about 538 GW today. Macquarie now rates NTPC outperform and lifts its target to 480 rupees. This outlook fuels a bullish stance.

Macquarie also launches coverage of JSW Energy, giving it an outperform rating and a 720‑rupee target, while Adani Power and Adani Energy Solutions receive neutral ratings with targets of 230 and 1,450 rupees respectively. These moves signal confidence in India’s energy mix diversification and potential upside for listed players for institutional investors in the sector.

Mitsubishi Gas Chemical rides AI‑driven packaging demand, lifting its FY profit forecast to 82 billion yen from 69.5 billion yen. Nomura upgrades the stock to buy from neutral and raises the target to 6,000 yen. Shares trade 10% higher at 4,912 yen, reflecting optimism over semiconductor and logic‑chip chemistry sales for investors eyeing the chip sector today.

Malaysia’s market faces external shocks in 2H, from Middle East tensions to U.S. rate hikes, warns Imran Yassin Yusof of MBSB Research. He advocates a defensive tilt, backing Tenaga Nasional, CelcomDigi, CIMB Group and Inari Amertron. If risks ease, he suggests a gradual shift back to growth names while keeping a defensive core for stability.