Broker Research: Sector, Macro and Strategy Notes

UBS·2026-09-23Strategy

CCC credit·UnderweightHigher-rated leveraged loans·Overweight

UBS·2026-09-23Sector

YOFCYOFC·Top pickChina optical fiber·Overweight

UBS·2026-09-23Sector

Vietnam Consumer Staples·OverweightThailand Consumer Discretionary·Overweight

UBS·2026-09-23Sector

UBS·2026-09-23Macro

UBS·2026-09-23Sector

UBS·2026-09-23Macro

EUR/USD: forecastend-Q3 2026AUD/USD: forecastend-Q3 2026

UBS·2026-09-22Sector

002371.SZSMSN2454.TWTOKYOEL SKHYNIX2330.TW2408.TWASML.ASSamsung Electronics·Top pickMediaTek·Top pickTokyo Electron·Top pickNAURA·Top pick

UBS·2026-09-22Sector

2330.TW3711.TW0522.HK2360.TW2449.TW2454.TW3131.TWO3443.TW3661.TW5274.TWO6187.TWO

UBS·2026-09-22Sector

600031.SH601100.SH000157.SZ000425.SZ3339.HK

UBS·2026-09-22Sector

2330.TW2308.TW2345.TWADVANTEST

UBS·2026-09-22Sector

SMSN AAPL2454.TW3008.TW

UBS·2026-09-22Sector

TAT&T·Top pick

UBS·2026-09-21Sector

NVDA

UBS·2026-09-21Sector

601100.SH688686.SH002747.SZ002850.SZUNITREEOPT Machine Vision·Top pickKedali·Top pickJiangsu Hengli Hydraulic·Top pick

UBS·2026-09-21Sector

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

Global Strategy: Higher Rates Will Create Winners and Losers Before Defaults

China AI Intelligence: Evolving competition dynamics on capability and cost efficiency

China Optical Fibre Industry: Peak earnings fears create buying opportunities

ASEAN Consumer Sector: H226 refresh: Where we see the next inflection

China Property: Potential Policy Easing Ahead?

China Copper Foil: Feedback from recent investor conversations

US Economic Perspectives: The underappreciated AI spillover

Asian Shipping: Takeaway from conference call with T.S. Line and shipping expert

Global FX Strategy: FX Compass: Flatter curve, stronger USD

APAC Tech Strategy: Sector Keys September 2026 v2: No signs of AI demand abating

UBS Global I O Semiconductors: ASICs and CPUs move to center stage, driving the next wave of CoWoS expansion

Global I O Tech Hardware: Memory inflation weighs on demand;cutting 2027 PC units

China Energy Storage Industry: Expert call takeaway: Near-term headwinds, but a rebound is likely in 2027

China Industrials: Multiple headwinds weighing on sentiment: how should investors be positioned?

Global I O Tech Hardware & Semis: 3Q26 UBS APAC Tech Tour: AI strength unaltered, Semiscap noticeably bullish

Global I O Smartphones: Memory to continue to weigh in on Smartphones in 2027

U.S. Cable & Telecom Services: Marketing Deck

US Semiconductors: AI Infra Summit 2026 Takeaways

China Robot Sector APAC Focus: Humanoids on the horizon, but AIenabled traditional robotics to advance first

Met Coal: China supply inflection point (again)