Jefferies analysts highlight that Mitsubishi Electric's upcoming medium-term strategy will target data center opportunities across utilities, factory automation, and air-conditioning units. The Japanese company's stock has surged 43% year-to-date, partly on defense project hopes, yet markets undervalue its infrastructure profit growth, they argue. Jefferies maintains a buy rating and lifted its target to 7,700 yen from 6,800 yen, as shares closed 4.1% higher at 6,560 yen.

DBS Group Research suggests Singapore's real estate and aviation stocks could rebound if the U.S. and Iran seal a Hormuz Strait reopening deal. Its base case sees an agreement by June, potentially pushing Brent crude below 90 a barrel. Signs of the key energy waterway reopening may boost property developers, REITs, and aviation firms. DBS favors buying banks and tech on dips, citing lender resilience and AI-driven tech demand.

UOB Kay Hian warns Bangkok Airways faces a margin squeeze from 2Q onward, as fare hikes fail to offset rising fuel costs. Management's tone at a recent meeting was negative, with no clear performance improvement in sight despite better air connectivity. The brokerage keeps a sell rating and a 11.70 baht target price, even as shares rose 4.9% to 15.10 baht. The airline's struggle highlights how weak travel demand and cost pressures are eroding profitability in the region's transport sector.