Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-09-02Strategy

Global equities·Neutral

J.P. Morgan·2026-09-02Strategy

India consumer·Overweight

J.P. Morgan·2026-09-02Sector

5274.TWO6669.TWDELLAsia AI server supply chain·Overweight

J.P. Morgan·2026-09-02Sector

China property developers·Neutral

J.P. Morgan·2026-09-02Sector

300750.SZCATL·Overweight

J.P. Morgan·2026-09-02Thematic

China AI infrastructure·Overweight

J.P. Morgan·2026-09-01Sector

0823.HKLink REIT·OverweightHK landlords·Overweight

J.P. Morgan·2026-09-01Sector

ISAT.JKTLKM.JKIndosat·OverweightIndonesia data centers·OverweightIndonesia data center capacity: JPM forecastYE2027

J.P. Morgan·2026-09-01Strategy

EM inflation linkers·Overweight

J.P. Morgan·2026-09-01Sector

1303.TW2383.TW3110.THigh-speed CCL·Overweight

J.P. Morgan·2026-09-01Macro

China RatingDog manufacturing PMI: actualAug 2026China RatingDog new export orders PMI: actualAug 2026

J.P. Morgan·2026-08-31Strategy

J.P. Morgan·2026-08-31Sector

000333.SZANTA2097.HK605499.SHPOPMARTLKNCY.USChina consumer·UnderweightPop Mart·UnderweightAnta Sports·Overweight

J.P. Morgan·2026-08-31Credit

APAC data centers·NeutralAPAC ex-China data center capacity: JPM forecast2030E

J.P. Morgan·2026-08-31Strategy

J.P. Morgan·2026-08-30Sector

3908.HK6099.HKChina leading brokers·OverweightCICC·Overweight

J.P. Morgan·2026-08-30Sector

1658.HK600015.SH601166.SHChina SOE banks·OverweightChina joint-stock banks·Underweight

J.P. Morgan·2026-08-26Thematic

9988.HKChina internet·Neutral

J.P. Morgan·2026-08-26Sector

China steel·NeutralChina crude steel output: run rate10 days to 20 AugChina steel production: JPM estimate2026

J.P. Morgan·2026-08-26Sector

Hong Kong landlords·Overweight

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

Flows & Liquidity Quantity-based vs. price-based financial conditions metrics

APAC Consumer The Compass-The Consumer Is More Selective; We Are Too

PCs and Servers: Read-through from Dell’s Jul-26 earnings

China Property Expert call takeaways on pre-sales phaseout

China Battery & Materials September production remains strong despite material shortages; CATL continues to lead

China AI Infra Ecosystem Unprecedented growth; lingering constraints

Hong Kong Commercial Property: Retail sales stayed at+5% Y Y in July

Indonesia Data Centers Data center build-out is accelerating; neocloud economics appear more favourable currently - ISAT our top pick

Global EM Inflation Linkers Monthly

PCB, CCL and Substrate PTFE in NVL576 switch tray, but high-speed CCL upgrade roadmap unchanged

China RatingDog PMI-modest recovery, elusive reflation

Global Index Volatility Chartbook

APAC Consumer China’s lower estimates, higher bar

APAC Data Centers A Supply Surprise

Dispersion Chartbook

China Securities 1H26 review-Strong earnings, easing _National Team_ sell-off overhang; Prefer CICC-H and CMS-H into 3Q

China banks SOE banks beat in 2Q; upgrade PSBC, downgrade Industrial Bank and Huaxia Bank

China Internet: Who Pays for the AI Build?

China Steel - Channel checker: 10-day China steel output weakens further,-7% vs previous&-7% YoY

Property Data Monitor: Mainland China: real-time secondary sales improved; HK: polarized sell-through rates (100%&2%); Hung Shui Kiu pilot scheme awarded