Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-10-14Sector

UBS·2026-10-14Macro

Goldman Sachs·2026-10-14Macro

China real GDP growth: 4.4% yoy in Q32026-Q3China retail sales growth: +0.3% yoy in September2026-09

J.P. Morgan·2026-10-14Strategy

Goldman Sachs·2026-10-14Sector

000333.SZ000651.SZ600690.SH

Nomura·2026-10-14Sector

000333.SZANTA9987.HKANTA Sports·Top pick

Goldman Sachs·2026-10-14Macro

China PPI inflation: 2.8% in 20262026China PPI inflation: 0.3% in 20272027China CPI inflation: 0.8% in 20262026China CPI inflation: 0.6% in 20272027

J.P. Morgan·2026-10-14Strategy

NVDA SNDK

Nomura·2026-10-14Sector

Nomura·2026-10-14Macro

China PPI inflation: 4.8% y-o-y in October2026-10

Goldman Sachs·2026-10-14Sector

003670.KS051910.KS247540.KQ300750.SZ373220.KSLG Chem·Top pickLG Energy Solution·Top pick

Nomura·2026-10-14Macro

UBS·2026-10-14Sector

GOOGL META PINS

J.P. Morgan·2026-10-14Macro

Nomura·2026-10-14Sector

3037.TWATS.VI

Goldman Sachs·2026-10-14Sector

600519.SH000596.SZ603369.SH

Nomura·2026-10-14Macro

China outstanding aggregate financing growth: 7.1% YoY in September2026-09China outstanding RMB loan growth: 4.8% YoY in September2026-09

Goldman Sachs·2026-10-14Sector

1050.HK

Goldman Sachs·2026-10-14Sector

ATAT.USHTHT.US

UBS·2026-10-14Sector

2319.HK600882.SH600887.SH

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

China Home Appliance: Sept AVC Data: Weak print raises the burden of proof

China Economic Perspectives China-EU Trade: A Data Snapshot

China: Q3 GDP and Sep activity data preview: Expecting industrial production growth to accelerate and retail sales to stay subdued

Flows & Liquidity Differences to last July’s correction

China Consumer Durables White goods 3Q26 Preview: Weak domestic growth against easier base a negative surprise, focus on overseas potential; Buy Midea

China consumer: Mass-market mall saw temporary performance recovery in Sep

China: PPI inflation reached a new high in September, driven mainly by higher energy prices; raising our PPI inflation forecasts while cutting our

Retail Radar Oct 14 – Back to Caution, Selectively Buying Semis

China Auto EV: Weak Sep-26; EU hybrid cap and lower exports VAT rebate

Asia Insights: China: PPI inflation hits fresh high on resurging energy prices

GLOBAL: BATTERIES ESS helps, but we are not yet calling a cyclical bottom in batteries

Asia Insights: China rates: Looser liquidity collides with increased bond supply

US Internet: 3Q26 Online Advertising Preview: Near-term Revenue Beats Likely

China–EU Trade: Buying Time, Managing Tensions

Global PCB Substrate: Takeaways from group conference call

China Spirits 3Q Preview: Prioritizing Channel Health as Bifurcation Widens;Reiterate Buy Moutai

Asia Insights: China: Credit growth sinks to a new record low in September as private demand stays weak

GC Tech: Karrie (1050.HK): Factory & CEO visits: AI server chassis for GPU and ASIC AI servers; Global capacity expansion ongoing

China Travel & Leisure Expert call takeaways: Resilient travel demand during Golden Week. Stable OTA take rate.Ongoing concern over slower hotel adds ahead.

China Dairy Sector September: tight supply supports continued milk price recovery