Broker Research: Sector, Macro and Strategy Notes

Barclays·2026-10-12Strategy

S&P 500 price target: 79502026

Goldman Sachs·2026-10-12Sector

DGT.AXGMG.AXMAQ.AXMP1.AXNXT.AX

Morgan Stanley·2026-10-12Sector

2317.TW2382.TW3231.TW

BofA Securities·2026-10-12Thematic

Goldman Sachs·2026-10-12Thematic

CEG VST

Goldman Sachs·2026-10-12Sector

1364.HK6862.HKCHA.US

J.P. Morgan·2026-10-12Sector

ADM.USBG.USDAR.US

Bernstein·2026-10-12Sector

GEELY BYD2333.HK600104.SH9863.HK9973.HK

Goldman Sachs·2026-10-12Strategy

Equities·OverweightCredit·UnderweightCash·Overweight

Barclays·2026-10-12Sector

SPCX TMUSNorth America Cable, Satellite & Telecom Services·Neutral

Bernstein·2026-10-12Sector

2308.TW002475.SZ2382.TW6723.TIFX.DE

Bernstein·2026-10-12Sector

TCHTR.USCMCSA TMUS VZ

Goldman Sachs·2026-10-12Sector

A.USDHR TMOWAT.US

BofA Securities·2026-10-12Sector

600886.SH600900.SH

UBS·2026-10-12Sector

ADI MU NVDA

Goldman Sachs·2026-10-12Sector

SKHYNIX SMSN

UBS·2026-10-12Sector

KBLAM600183.SHKingboard Laminates·Top pickShengyi Technology·Top pickFR4 CCL ASP: Rmb383 by YE262026-12

Goldman Sachs·2026-10-12Sector

010950.KSRELIANCE.NSS-Oil·Top pick

J.P. Morgan·2026-10-12Sector

SKHYNIX2330.TW2360.TW3037.TW3711.TW5274.TWOADVANTEST7769.TWTOKYOELTSMC·Top pickASE Technology·Top pickUnimicron·Top pickASPEED·Top pickHon Precision·Top pickSK Hynix·Top pickChroma ATE·Top pickAdvantest·Top pickTokyo Electron·Top pick

UBS·2026-10-12Sector

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

U.S. Equity Strategy - 3Q26 Earnings Season: Season Opener

ANZ DATA CENTRES ANZ Data Centres The Digital Infrastructure Era: Initiating our ANZ Data Centre Supply-Demand model

Greater China Technology Hardware GB200 and GB300 NVL72 Racks in September 2026; Introduce 2027 Rack Forecast

Software Trends: AI 3.0,the rising value of the interface layer

Nuclear Nuggets: Global reactor tracker -October edition; 3Q26 Preview

CHINA RESTAURANTS: Sep update: Catering demand remained unexciting with continued divergence; FMD was resilient against high base

Agricultural Products: 3Q26 Preview — Robust Biofuels Environment But More Uneven Crushing Backdrop (At Least For Now)

Chinese Autos: The second shoe has dropped — Export VAT rebate cut confirmed. Clearing event ahead?

GOAL: Global Opportunity Asset Locator,Giving credit to balance — bonds gradually moving from headwind to hedge

North America Cable, Satellite & Telecom Services: Ready or not here I come

Asia Tech Hardware & Japan EU Semis: U.S. Section 337 Investigation into VPD-implications for power supply chain

US Telecom: Dominoes from Space-Downgrading AT&T and Adjusting Telco Cable PTs

Americas Life Sciences Tools & Diagnostics: 3Q26 Earnings Preview; GS Tools Tracker and China Stimulus Tracker Updates

Power-China: Power Pulse #16: Positive signs of power tariff emerging, but demand remains weak

US Semiconductors and Semi Equipment: Key Takeaways from Semis Bus Tour

Asia Pacific Technology: Semiconductors-Memory: Nanya Tech 3Q26 read-across: limited level of DRAM bit supply growth likely for 2027

China CCL Sector: Cycle update: raise FR4 ASP; PTFE pulled forward

Asia Refining: Navigating the freight shock – S-Oil most protected, producer crude discounts offer relief

Asian Semis August WSTS: Logic growth accelerates on AI compute momentum; memory maintains elevated pricing

China Medtech: Q326 medical equipment procurement recovered meaningfully on funding boost