Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-09-16Sector

AMZN GOOGL META BKNG DASH NFLX SNAP SPCXTRIP.US

J.P. Morgan·2026-09-16Strategy

J.P. Morgan·2026-09-15Macro

J.P. Morgan·2026-09-15Sector

1209.HKBEKE.US1109.HKChina Resources Mixc·Top pickKE Holdings·Top pick

J.P. Morgan·2026-09-15Sector

000333.SZANTA9633.HK

J.P. Morgan·2026-09-15Sector

0017.HK1113.HK1972.HK1997.HKSwire Properties·Top pickWharf REIC·Top pick

J.P. Morgan·2026-09-15Sector

300750.SZGEELY2015.HK

J.P. Morgan·2026-09-15Sector

005830.KSQBE.AX8630.T8725.T8766.T8795.TQBE Insurance·Top pickDB Insurance·Top pickT&D Holdings·Top pick

J.P. Morgan·2026-09-15Macro

J.P. Morgan·2026-09-15Sector

0966.HK1508.HK6060.HK6963.HKChina Taiping Insurance·Top pick

J.P. Morgan·2026-09-15Strategy

J.P. Morgan·2026-09-14Strategy

Metals & Mining·OverweightCapital Goods·OverweightSemiconductors·Overweight

J.P. Morgan·2026-09-14Sector

TTF gas price: JPM forecast4Q26TTF gas price: JPM forecastsummer 2027

J.P. Morgan·2026-09-14Sector

268A.TKIOXIA3110.T

J.P. Morgan·2026-09-14Strategy

MEITUANLogistics·OverweightChemicals·OverweightBattery Materials·OverweightAutos·UnderweightSolar·Underweight

J.P. Morgan·2026-09-13Sector

5347.KL6742.KL5263.KL5398.KLTenaga Nasional·Top pickYTL Power International·Top pickSunway Construction·Top pickGamuda·Top pick

J.P. Morgan·2026-09-13Sector

1109.HK1209.HKBEKE.US001979.SZ0817.HK0960.HK600048.SHChina Resources Mixc·Top pickKE Holdings·Top pickChina Resources Land·Top pickChina Property Developers·Underweight

J.P. Morgan·2026-09-13Sector

0016.HK1109.HK0688.HK

J.P. Morgan·2026-09-11Sector

600188.SH601088.SH1088.HKChina QHD thermal coal price: raised2026E

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

Internet Large Cap Internet Small and Midcap: Fall 2026 Sector Update

Flows & Liquidity How much upward pressure on global bond yields from tech bond issuance-

China: Housing activity index stays subdued Time-inconsistency issues with the late August reform

China Property NBS August data: Still tepid; first-time release of national secondary sales data

China Consumer: A touch soggier – China retail softens again in August, with easier comps offering some relief ahead

Property Data Monitor Mainland China: Real-time secondary sales stayed positive Y Y; HK: Divergent sell-through rates

China Battery: Is industry consolidation happening? Read-through from CATL’s acquisition of Geely’s battery assets

Asia Insurance Strategy: Going West (Part 1): Lloyd’s in London: Global Access, Capital Discipline Required

China: August data shows increasingly K-shaped divide IP jumped on export strength, domestic demand weak

China SMid Insurance Post-1H26 results: Divergence calls for selectivity; IFRS-18 on the horizon

Commodity Market Positioning & Flows: Energy markets’ exuberance drives record OI

Equity Strategy: Equities and rising bond yields

China Metals Activity Tracker: China destocking weak vs historical trends Aug-Sept due to high prices, Aluminium destocking pace remains strong. Iron Ore freight rates at post-Iran highs

Global LNG Analyzer: When winter comes

Technology – Semiconductor Technical Materials

China Equity Strategy Dual tracks of anti-involution: Destocking winners vs exporters caught in trade relation uncertainties

ASEAN Data Centers KL & Johor DC Tour takeaways: Bottlenecks reshape the build-out

China Property: Uncertainties in the _post pre-sales_ era may drive

Mainland China Hong Kong Property

China Coal: Coal price upside risk intact, sustainability in doubt