Broker Research: Sector, Macro and Strategy Notes

Nomura·2026-08-17Macro

China government bonds·OverweightChina·Underweight

BofA Securities·2026-08-17Sector

US internet·Overweight

Goldman Sachs·2026-08-17Sector

0038.HK2338.HK300218.SZ3808.HKChina machinery·Overweight

Morgan Stanley·2026-08-17Thematic

UNITREE9880.HKHumanoid robots·Overweight

Nomura·2026-08-17Other

CNY·Neutral

Goldman Sachs·2026-08-17Macro

China property·Neutral

J.P. Morgan·2026-08-17Sector

China consumer·Neutral

Barclays·2026-08-17Sector

ASTSSATS.USSPCX TMUSSatellite connectivity·OverweightNorth America cable & telecom·Neutral

HSBC·2026-08-17Sector

China property·Neutral

Goldman Sachs·2026-08-17Sector

BFH.USFHN.USMTB.USSYF.USUS regional banks·Neutral

Morgan Stanley·2026-08-17Sector

CSCOFTNT.USPANWUS cybersecurity·Overweight

Morgan Stanley·2026-08-17Sector

China internet·Overweight

Deutsche Bank·2026-08-17Macro

China·Underweight

Bernstein·2026-08-17Thematic

KER.PAMC.PARMS.PALuxury goods·Neutral

Morgan Stanley·2026-08-17Thematic

AEP.USCIFRD.USEQIXSRE.USUS data center power·Neutral

J.P. Morgan·2026-08-17Macro

China·Underweight

Morgan Stanley·2026-08-17Sector

China banks·Overweight

Bernstein·2026-08-17Sector

HLT.USH.USIHG.LMARGlobal hotels·Overweight

Morgan Stanley·2026-08-17Thematic

3529.TWO5274.TWOSNPS.USHardware security IP·Overweight

J.P. Morgan·2026-08-17Sector

2252.HK2675.HKISRGChina surgical robotics·Overweight

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

Asia Insights: China: July activity data point to a worse slowdown

Internet-e-Commerce BofA Frontier AI Data Tracker-Model rankings, usage data, and token-GPU costs

CHINA MACHINERY: 2Q 1H26 Preview: Strong core operations partially offset by unfavorable FX; prefer Weichai, Sinotruk, Dingli, First Tractor and Lonking (up to Buy)

The Humanoid Signal: Progress Check, WRC Preview

USD CNY fix model Projection: 6.7392

China: 70-city average primary property price decline narrowed further in July, with Tier-1 and Tier-2 cities posting sequential gains

China Consumer: Rain check on retail: China consumption cools again

North America Cable, Satellite & Telecom Services: How Regulatory Change Is Accelerating D2D and Satellite Broadband

China Real Estate: Mid-month check: slowed, but not derailed

AMERICAS BANKS: REGIONAL Handbook: Analyzing key industry trends; spotlight on 2H26 guidance implications

Quantum Security- Changes to Encryption Technologies in a Post-Quantum World

China E-Commerce: July NBS Online Retail Sales of Goods Better Than Feared

July Activity Underwhelms, Shifting Focus to Policy Support

Global Luxury Goods The Long View: Global Luxury Goods - Mark Twain and the Luxury Billion-Dollar Brand

US Thematics: Power Struggle,Data Center Pushback Update & Expert Call Takeaways

China: July domestic weakness triggers 2H growth revision,Fiscal spillover will also affect early 2027

China Financials: Banking 2Q26 data shows steady earnings improvement albeit some divergence at midsized banks

Global Hotels & Leisure Global Hotels: A primer on the asset light hotel groups in 2026

Hardware Quantum Security – Building Defenses for Q-Day and Beyond

China Surgical Robotics: Expert Call Takeaways: Europe's Opportunity and the Road to Gain Share