Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-08-10Sector

1364.HKChina restaurants·Neutral

Goldman Sachs·2026-08-10Sector

Machinery exports·Neutral

Nomura·2026-08-10Macro

JPY·Overweight

J.P. Morgan·2026-08-10Strategy

ANTM.JKASII.JKBBCA.JKINDF.JKISAT.JKMDKA.JKPGAS.JKIndonesia·Overweight

Deutsche Bank·2026-08-10Thematic

002472.SZ601100.SHGlobal humanoid robot shipments: DB forecast2026

Bernstein·2026-08-10Sector

Japan/EU semicap·Overweight

Goldman Sachs·2026-08-10Sector

BYDRNO.PASTLAM.MIVOW3.DEEuropean mass-market autos·Underweight

Morgan Stanley·2026-08-10Sector

2449.TWGOOGL NVDAHBM·Overweight

Goldman Sachs·2026-08-10Strategy

UBS·2026-08-10Sector

China PCB/CCL·Overweight

Nomura·2026-08-10Rates

Barclays·2026-08-10Sector

China automation·Neutral

Morgan Stanley·2026-08-10Sector

China property·Neutral

Bernstein·2026-08-10Sector

Data center power and cooling·Overweight

Bernstein·2026-08-10Sector

Air travel IT·Neutral

Goldman Sachs·2026-08-10Macro

Morgan Stanley·2026-08-10Sector

688469.SHChina power semis·Overweight

J.P. Morgan·2026-08-10Sector

Semiconductors·Overweight

Goldman Sachs·2026-08-10Sector

1299.HKHK insurance·Neutral

Morgan Stanley·2026-08-10Sector

China consumer staples·Neutral

Research: Broker notes on sectors, macro, rates and strategy

China Restaurants: Monthly Tracker: Jul update: Demand weakness remained, FMD faced tough base, but select players remained resilient

China and Japan Machinery Export Tracker: Jun 2026 update,Mixed DMs; broad-based strength across EMs

JPY Monthly Flow Monitor: Pension funds’ net selling of foreign equities amid declines in yen terms in July

ASEAN Metals & Indonesia Strategy: How far are we from the bottom?

Humanoid Robot: Mid-year reality check; Ecosystem flywheel spinning

Japan and EU Semiconductors: Japan EU Semi Taiwan Import Tracker (Jul 26): SPE import accelerated to +40% YoY

Europe Automobiles: Chinese OEM Competition Monitor Jul-26: Chinese market share growth stays strong; PHEV exports surge, likely front-running the pending tarif

Asia-Pacific Technology AI Supply Chain GPU Architecture Optimization Given Memory Shortage and Supernode Challenge

GOAL KICKSTART: Summer data-only update

China PCB and CCL Sector Remain steadfast through turbulence

USD CNY fix model Projection: 6.7381

Siemens Schneider ABB China automation: Another quarter of share pressure for Western OEMs

China Property: Another Piecemeal Easing in Beijing

U.S. Multi Industry & Electrical Equipment AI Data Centers: Procurement dynamics across power and cooling components (webinar recap)

Global Air Tech: War finally impacts traffic guides. Maintain Outperform on Amadeus and Market-Perform on Sabre

China: Three things in China

Power Semi - Read Across from UNT's 1H26 result

Semiconductors June WSTS: Growth Broadening and Accelerating Beyond Memory; We See a Path to $1.68T $2.25T in Semi Sales in CY26 CY27

Hong Kong Insurance: Update and investor feedback on reports of tax on offshore insurance policies

China Consumer: Raw Materials Price Chartbook: Raw Materials Price Movements (July-26) and Stock Implications