Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-08-13Sector

6723.T6963.T6971.T6976.TJapan electronic components·Overweight

Goldman Sachs·2026-08-13Sector

1797.HKEDU.USTAL.US

Goldman Sachs·2026-08-13Sector

1112.HK600887.SH6186.HKA2M.AXChina infant formula·Underweight

Goldman Sachs·2026-08-13Credit

USD IG BBB·OverweightUSD credit·Overweight

Goldman Sachs·2026-08-13Strategy

Goldman Sachs·2026-08-13Sector

1318.HK2367.HK2657.HK600315.SH603605.SHEL.USOR.PAChina beauty·Overweight

Goldman Sachs·2026-08-13Sector

China NEV·Overweight

Goldman Sachs·2026-08-13Sector

CVE.USXLEGas E&Ps·Overweight

Goldman Sachs·2026-08-13Sector

Oil·Overweight

Goldman Sachs·2026-08-13Macro

JPY·Neutral

Goldman Sachs·2026-08-12Macro

JGBs·Underweight

Goldman Sachs·2026-08-12Macro

China·Neutral

Goldman Sachs·2026-08-12Sector

IT hardware·Overweight

Goldman Sachs·2026-08-12Sector

China consumer staples·Neutral

Goldman Sachs·2026-08-12Sector

000895.SZ0288.HKSFD.USChina pork·Neutral

Goldman Sachs·2026-08-11Thematic

002837.SZ300124.SZChina industrial tech exporters·Overweight

Goldman Sachs·2026-08-11Sector

1477.TW2313.HK3813.HK6110.HKNKEAsia apparel OEMs·Neutral

Goldman Sachs·2026-08-11Sector

China optical modules·Overweight

Goldman Sachs·2026-08-11Sector

China NEV·Neutral

Goldman Sachs·2026-08-11Sector

China property·Overweight

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

JAPAN ELECTRONIC COMPONENTS SEMICONDUCTORS: Earnings summary: we expect a series of upward revisions in the next reporting season; maintain Buy on Ibiden Murata Taiyo Yuden Renesas Rohm TDK, etc

CHINA EDUCATION JUL-26 TRACKER: Strong ASP increase of TAL tablets enabled by content and AI upgrades; Overseas student visa volume yoy decline narrowed

China Consumer Staples China Infant Formula Tracker Nielsen offline market decline widened to 13%

Global Credit Trader: Redefining Quality in Credit

INDEX STRATEGY: MSCI Global Investable Market Indexes Index Review and Flow Implications (August 2026)

China Consumer Connection: Online Brand Tracker: Jul-26: Ongoing weakness across most categories; Beer White goods lag

CHINA PASSENGER VEHICLE MONTHLY CHARTBOOK: Jul 2026 - Domestic NEV retail decline narrows, strong export growth holds

Energy, Utilities & Mining Pulse: Investors Asking: How Do Valuations Look Relative to Price Targets and Historical Trends?

Oil Tracker: Global Inventories Draw, Demand Rises

Global Markets Daily: Yen Carry Positioning: Diminished, Not Finished

JAPAN ECONOMICS ANALYST: Exploring Funding Sources for a Consumption Tax Cut

China: July activity data preview: Below-consensus IP forecast; base effects likely to distort investment and retail sales readings

AMERICAS TECHNOLOGY: HARDWARE C2Q26 preview: Strong fundamentals, but recent rally creates high bar; reiterate Buy on DELL, HPE, NTAP

China Consumer Staples Cost Index Tracker: Jul 2026: PET price slightly trended up to c.Rmb7.8k ton; selected agricultural goods prices

CHINA CONSUMER STAPLES: Pork: 2Q26 read across from SFD: 2Q26 missed on Fresh Pork shortfall; FY26 Guidance mid-point cut by 7%

China Industrial Tech: Go Global 3.0: The Age of China's AI Industrialization

Asia Pacific Textile, Apparel & Footwear: Monthly Tracker: July 2026: OEM order trends mixed with Shenzhou YY 1H26 profit warning; Pou

Optical Networking_ Top 3 investor debates on impact of potential US import restrictions on Chinese optical transceiver modules

CHINA NEW ENERGY VEHICLE WEEKLY CHARTBOOK: 2026 Week 32 - Weekly order -2% wow, July NEV retail narrowed to -2% yoy (vs. -9% in June)

CHINA PROPERTY: New policy easing in Beijing could support 4Q sales outlook and stock valuation