Broker Research: Sector, Macro and Strategy Notes

HSBC·2026-09-10Sector

1913.HKBRBY.LCFR.SWKER.PALVMH.PAMONC.MIRMS.PAUHR.SWRichemont·Top pickHard luxury·Overweight

J.P. Morgan·2026-09-10Sector

002594.SZGEELY3808.HKXPEV.USChina autos·Underweight

Morgan Stanley·2026-09-10Sector

AFX.DEAMP.MICOLO-B.COCTEC.LDEMANT.COSN.LSOON.S

Morgan Stanley·2026-09-10Sector

1208.HKGLEN.L

Goldman Sachs·2026-09-10Sector

000338.SZ2338.HK

Morgan Stanley·2026-09-10Sector

3008.TW3406.TW002273.SZ1688.HK2018.HK2382.HK2475.HK

HSBC·2026-09-10Sector

600346.SH601233.SH603225.SHTongkun·Top pick

Bernstein·2026-09-10Sector

EBAYETSY.USLYFT.USW.USZG.USDASH.US·Top pickCART.US·Top pickUBER.US·Top pick

Goldman Sachs·2026-09-10Sector

HBR.LHarbour Energy·Top pickVar Energi·Top pickBrent crude price: GS forecast2026E

Nomura·2026-09-10Macro

USD/CNY fix (model projection): 6.7087 (vs 6.7769 previous)2026-09-10

Morgan Stanley·2026-09-10Sector

2330.TW2454.TWAVGOAI semiconductors·Overweight

Barclays·2026-09-10Sector

TENCENT KUAISHOU XIAOMI BABA BIDU NIOAlibaba cloud revenue growth: guidedSep-Q 2026

Goldman Sachs·2026-09-10Sector

300760.SZ688271.SHChina medical equipment·Overweight

Goldman Sachs·2026-09-10Sector

CRDO LRCX NVDAQ.USSWKSAI infrastructure semiconductors·Overweight

Goldman Sachs·2026-09-10Thematic

2317.TWApple supply chain·Overweight

Goldman Sachs·2026-09-10Strategy

Morgan Stanley·2026-09-10Strategy

Bernstein·2026-09-10Sector

ABNB BKNGEXPE.USHLT.USH.USIHG.LMARNCLH.USRCL.USVIK.USViking Holdings·Top pick

BofA Securities·2026-09-10Thematic

J.P. Morgan·2026-09-10Sector

BABA JD PDDAlibaba·OverweightJD.com·OverweightPDD Holdings·Neutral

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

Global Luxury Goods: H2 26 unlikely to be easy to navigate

China Auto Industry: Read-through from Tesla and Xiaomi’s recent price moves

Feedback on Our European MedTech Initiations

A Pricing Power Test

China Machinery: Genset supply chain trip takeaways: Demand runs ahead of supply; Buy Weichai Power

iPhone 18: Real Upgrade Cycle, but Select Optical Valuations Look Stretched

China Refineries Equities Chemicals Supply-led recovery

US Emerging Internet The Agentic Commerce bear case is back -- and creating opportunities

Europe Energy: Lifting cash flow and distribution estimates to reflect stronger EU gas and refining; Harbour to Buy

USD CNY fix model: Projection: 6.7087

AI Supply Chain-Prelim 2028 AI semis vs. CSP capex growth

China Technology: The Forest Report-2Q26 Edition

China Healthcare: Aug 2026 China hospital equipment bidding: Maintain positive growth; VBP impact limited

AI Infrastructure Semiconductors Outlook AI Infrastructure

GC Tech Foldable and Affordable

GOAL POSITIONING: Fixed income demand still resilient despite rising rates

Japan Equity Strategy: From AI-Dominated to Earnings-Based Stock Selection: Exploring All-Weather Strategy with Our Analysts Key takeaways

Global Hotels & Leisure Leisure in the Quarter (2Q26): Key debates and the path ahead

The Quantum Computing Dictionary

China Ecommerce: Regulation ends manufactured growth