Broker Research: Sector, Macro and Strategy Notes

Goldman Sachs·2026-10-13Sector

1318.HK603605.SH

Morgan Stanley·2026-10-13Sector

AMZN GOOGL META

Goldman Sachs·2026-10-13Sector

0688.HK1109.HK

Goldman Sachs·2026-10-13Sector

SHEIN ANTA3813.HK

UBS·2026-10-12Sector

1818.HK2259.HK3939.HKB.USNEM

BofA Securities·2026-10-12Macro

Gold price: $4,813/oz average in CY272027Gold price: $4,000/oz average in 4Q262026-Q4

Goldman Sachs·2026-10-12Macro

Bernstein·2026-10-12Sector

ADYEN.ASMA PYPL V

Goldman Sachs·2026-10-12Sector

EQNR.OLGALP.PTREP.ES

Goldman Sachs·2026-10-12Sector

300760.SZ688271.SH

Morgan Stanley·2026-10-12Thematic

Tokenized real-world assets: forecast2030

J.P. Morgan·2026-10-12Sector

AMD AVGO KLAC MRVL MU NVDABroadcom·Top pickMarvell·Top pick

J.P. Morgan·2026-10-12Macro

Morgan Stanley·2026-10-12Thematic

Goldman Sachs·2026-10-12Sector

BofA Securities·2026-10-12Strategy

Bernstein·2026-10-12Sector

GEELY BYD

Goldman Sachs·2026-10-12Macro

Nomura·2026-10-12Macro

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

China Consumer Connection: Online Brand Tracker: Sep-26: 3Q26 online demand remains subdued ahead of Double 11; Pet food

Where Are We Trading Now: Through Macro vs AI Debates

CHINA CONSUMER STAPLES COST INDEX TRACKER: Sep 2026: PET records a new peak at c.Rmb9.5k ton; sugar soybean rise MoM likely on El Ni-o impacts; raw milk WPC protein rise on S D

CHINA PROPERTY WEEKLY WRAP Week 41 Wrap- Transactions extended gains with improved leading indicators; 5 cities announced 828 implementation details so far

Asia Pacific Textile, Apparel & Footwear: Monthly Tracker: Sep 2026: OEM better-than-fear; PS decline narrowed; Introducing Shein related

China Precious Metals: Bad news for gold has largely been priced in, the next upswing is taking shape

Global Metals Weekly: Gold’s shifting macro correlations

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

Payments, Processors & IT Services Consumer AI agents: The next Payments battle..

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

Breaking from the Pack-The Race for Above-Market Growth

Semiconductors Semi Cap Equipment: 3Q26 Sector Preview: Constructive Setup Intact as Supply Constraints, AI Momentum, and Cyclical Recovery Support Further Revisions Continued Equity Outperformance

Commodity Market Positioning & Flows: Energy rally lifts commodities OI

Are Enterprises Really Adopting Open-Weight Models-

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

Global Fund Performance Monitor: Narrow opportunity

Global Autos: EU hybrid quota a near-term hurdle for Chinese OEMs; Localization remains the endgame

Global: GS Economic Indicators Update: Downside DM Inflation Surprises

Asia Insights: EU-China trade tensions: A reprieve