Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-10-21Sector

META

Bernstein·2026-10-21Sector

ASML.ASKLAC

Morgan Stanley·2026-10-21Strategy

1972.HK300750.SZSwire Properties·Top pick

Nomura·2026-10-21Macro

Asia consumer electronics inflation: 5.8% y/y2026-09

BofA Securities·2026-10-21Credit

Nomura·2026-10-21Sector

3696.HK

Morgan Stanley·2026-10-21Sector

Japan Semiconductor Production Equipment·Overweight

Bernstein·2026-10-21Sector

SKHYNIX SMSN KIOXIA MU SNDK STX WDCHDD makers·Overweight

Bernstein·2026-10-21Sector

SKHYNIX SMSN KIOXIA CXMT MUSamsung Electronics·Overweight

Nomura·2026-10-21Sector

SKHYNIX

HSBC·2026-10-21Sector

0939.HK1658.HK601398.SH601939.SHCCB-H·Top pickBOC-H (code as printed)·Top pick

Bernstein·2026-10-21Sector

CHTR.USCMCSA SPCX TMUS T VZ

J.P. Morgan·2026-10-21Strategy

NBIS SPCX TSM

Goldman Sachs·2026-10-21Thematic

2308.TWETNLR.PASU.PAVRT

J.P. Morgan·2026-10-21Strategy

J.P. Morgan·2026-10-21Sector

ZIJINMININGCopper·OverweightGold equities·Overweight

Bernstein·2026-10-21Sector

CRWV NVDA2308.TW·Top pick

Goldman Sachs·2026-10-21Thematic

Morgan Stanley·2026-10-20Sector

AMZN GOOGL METANorth America Internet·Overweight

BofA Securities·2026-10-20Sector

DDOG MDBPATH.USSAP.DESNOW TWLO

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

Hardware & Networking: Cloud Capex Wrap-Up: Meta Joins SpaceX in Reinforcing AI Infrastructure Demand with Capex Raise in C3Q26

Global Semiconductor Capital Equipment: China WFE Import Tracker (Sep 2026): Sept YTD YoY -4%, import recovering maintained

China Equity Strategy: Focus List Changes–China HK

Asia Insights: Chipflation in Asia

Off-shore RMB bond market: CNH Credit Reimagined II: The Rise of a Strategic Funding Market

China healthcare: AIDD expert call takeaways (1)

Investor Presentation Semiconductor Production Equipment Tech Monthly Oct 2026

U.S. IT Hardware: Global Memory & Storage: Debunking the bear thesis on ASP price growth deceleration

Global Memory Korea Memory Export Tracker (Sep): SK hynix improved, but Samsung still claimed HBM leadership in 3Q26?

China semi equipment monthly imports tracker: WFE imports -6% y-y in Sep 2026 and -4% y-y in 1-9M26

China Banks: October pulse: Outperformance justified despite soft credit demand

US Telecom: Implications from Starlink's Q3 results-from broadband threat to wireless question

Retail Radar Oct 21 – From Mag-7 to Broader AI plays as Momentum Unwinds

MULTI-INDUSTRY: Primer on 800VDC and implications for Electricals companies

Flows & Liquidity Bottoming out-

China Basic Materials: September 26 NBS data: Diverging sector signals

Asia Tech Hardware: 3Q26 Taiwan AI names earnings preview

Analyzing the Impact of AI on Staffing Industry Profit Pools

Internet Where Are We Trading Now AI Revenue and Funding Front and Center

Global Software: Agentic AI: software ramifications deep dive