Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-10-12Macro

Goldman Sachs·2026-10-12Sector

EQNR.OLGALP.PTREP.ES

Goldman Sachs·2026-10-12Sector

300760.SZ688271.SH

Goldman Sachs·2026-10-12Sector

Goldman Sachs·2026-10-12Macro

Goldman Sachs·2026-10-12Sector

DGT.AXGMG.AXMAQ.AXMP1.AXNXT.AX

Goldman Sachs·2026-10-12Thematic

CEG VST

Goldman Sachs·2026-10-12Sector

1364.HK6862.HKCHA.US

Goldman Sachs·2026-10-12Strategy

Equities·OverweightCredit·UnderweightCash·Overweight

Goldman Sachs·2026-10-12Sector

A.USDHR TMOWAT.US

Goldman Sachs·2026-10-12Sector

SKHYNIX SMSN

Goldman Sachs·2026-10-12Sector

010950.KSRELIANCE.NSS-Oil·Top pick

Goldman Sachs·2026-10-12Strategy

Goldman Sachs·2026-10-12Thematic

SMSN MU SNDK

Goldman Sachs·2026-10-12Sector

0325.HKPOPMARTMNSO.US

Goldman Sachs·2026-10-12Strategy

Goldman Sachs·2026-10-12Sector

1364.HKLKNCY.US

Goldman Sachs·2026-10-12Macro

Goldman Sachs·2026-10-12Strategy

Goldman Sachs·2026-10-12Sector

603256.SHAI PCB and CCL·Overweight

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

Oil Tracker: Diesel in Market and Policy Focus;High Freight Rates Widen Crude Differentials

Energy: Quantifying transportation costs by oil company. US and North Sea producers most advantaged, Asian refiners the harde hit

China Healthcare: Sep 2026 China hospital equipment bidding: growth beat mainly driven by volume, ASPs remain stable

China Software: Aug revenue growth down to 6.5% YoY; AI native products in expansion to drive spending

Global: GS Economic Indicators Update: Downside DM Inflation Surprises

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

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

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

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

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

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

WEEKLY FUND FLOWS: Strong Inflows to Brazil

Global Technology: Semiconductors-Memory: High-performance NAND

China IP Retailer and Toy Tracker: Sep update,Pop Mart online laps high base; Miniso posts strong 3Q26 GMV; Bloks online accelerates

GOAL Kickstart: Better asymmetry into Q3 earnings after valuation reset

China Restaurants: FMD expert call takeaways: Healthier channel mix supports net sales; Franchise appetite for Guming Luckin remains intact

Global Markets Daily: The Factors Behind the Rise in US Yields

Global Weekly Kickstart: Earnings Season Arrives with a High Bar

China PCB: Grace Fabric (603256.SS) Mgmt. call: AI drives high-end electronic fabric and yarn; Capacity in expansion