Broker Research: Sector, Macro and Strategy Notes

Nomura·2026-08-15Thematic

0763.HK300274.SZChina inverters·UnderweightChina robotics·Underweight

J.P. Morgan·2026-08-15Macro

China·UnderweightASEAN·Overweight

J.P. Morgan·2026-08-15Strategy

ADVANTESTJapan equities·OverweightJapan AI infrastructure·Overweight

Deutsche Bank·2026-08-15Sector

China SOE banks·Overweight

J.P. Morgan·2026-08-15Thematic

UNITREEChina humanoid robotics·Overweight

J.P. Morgan·2026-08-15Sector

4151.T4503.T4506.T4507.T4519.T4568.TJapan pharma·Overweight

Goldman Sachs·2026-08-15Strategy

China equities·NeutralHong Kong H-shares·Overweight

J.P. Morgan·2026-08-14Sector

MINIMAX TENCENT ZHIPU MEITUAN9618.HKBABA BIDU PDDTME.USChina internet·Neutral

BofA Securities·2026-08-14Sector

SKHYNIX SMSN8299.TWONVDAMemory·Overweight

Goldman Sachs·2026-08-14Strategy

Bernstein·2026-08-14Strategy

US packaged food·Underweight

Nomura·2026-08-14Macro

US rates·Neutral

J.P. Morgan·2026-08-14Macro

China rates·Overweight

J.P. Morgan·2026-08-14Sector

0939.HK1398.HKChina Big 4 banks·Overweight

Nomura·2026-08-14Macro

Asia exports·Overweight

Goldman Sachs·2026-08-14Strategy

European equities·OverweightEuropean banks·Overweight

Bernstein·2026-08-14Sector

US managed care·Overweight

Bernstein·2026-08-14Sector

Nomura·2026-08-14Sector

SNDKNAND·Overweight

Morgan Stanley·2026-08-14Sector

SMIC2330.TW2337.TW2344.TW2408.TW2449.TW2454.TW3661.TW3711.TW5274.TWOGIGADEV6531.TWGreater China semis·OverweightMemory·Overweight

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

China inverter and robotics: FCC: forward-looking; structurally binding

Global Data Watch: Asia China's anticipated 2H recovery faces its first test

Japan Equity Strategy: Apr- Jun earnings wrap: Earnings beat across wide range of sectors, raising TOPIX year-end target to 4,600

China banks: 2Q26 preview: resilient quarterly performance continue

China Thematic Research: Spotlight on Physical AI

Pharmaceutical Sector Weekly: August 10-14: Opportunity for sector re-rating

China Weekly Kickstart: MSCI China declined 3% while CSI300 remained flat; US announced drone tariffs; HSI Company proposed HSTECH index revamp

China Internet Singapore Marketing Takeaways: Selective Rotation, Proof Still Needed

Global Memory Tech: Weekly theme: HBM de-spec, early capital returns, spot rally, SIMO Phison funding

WEEKLY FUND FLOWS: Gold Fund Flows Pick Up

Weekend Consumer Blast: Getting Meta-Lessons learned and cautionary tales from 20 years of U.S. Food coverage

US Economic Weekly: Cool for the summer

China: Record loan contraction, limited govt bond pickup: 2Q Monetary Policy Report leaned a bit more dovish

China banks July credit data mixed: TSF beat masks weak loans and pricing pressure

Asia Chart Alert: Nomura’s leading index of Asian exports

Europe Weekly Kickstart: A Stronger Earnings Story

U.S. Healthcare Services: Medicaid Managed Care-Navigating the Recovery Path; A summary of our Teach-in

U.S. Multi Industry & Electrical Equipment: Post-earnings target price and model updates (TT, JCI, EMR, ROK, PH)

Industrial electronics sector: Implications of Sandisk’s Investor Day

Investor Presentation Greater China Semiconductors Global China Cloud Capex and AI Semi Outlook