Broker Research: Sector, Macro and Strategy Notes

J.P. Morgan·2026-11-05Sector

002821.SZ300759.SZ3759.HK6821.HK

J.P. Morgan·2026-11-04Sector

SKHYNIX SMSN KIOXIA MU SNDKHBM ASP growth: Broker forecast2027E

J.P. Morgan·2026-11-03Sector

2318.HK2628.HKPing An H·Top pickChina Life H·Top pick

J.P. Morgan·2026-11-03Sector

Localized Thai EV producers·OverweightImport-dependent EV producers·UnderweightThai imported BEV excise tax: ReportedpolicychangeFromJan2027

J.P. Morgan·2026-11-03Sector

000625.SZ1958.HK200625.SZ2238.HK600104.SH601238.SHChery·Top pickSinotruk·Top pick

J.P. Morgan·2026-11-03Sector

300760.SZ300832.SZ688271.SHMindray·Top pick

J.P. Morgan·2026-11-02Sector

CR Land·Top pickCR Mixc·Top pickKE Holdings·Top pickTop100developercontractedsales: Full-yearforecastFY26E

J.P. Morgan·2026-10-31Sector

0939.HK1288.HK1398.HK1658.HK3988.HKICBC·Top pickPostal Savings Bank of China·Neutral

J.P. Morgan·2026-10-30Sector

0960.HK

J.P. Morgan·2026-10-30Sector

AD.ASBME.LCA.PACOLR.BRDOM.LGRG.LJMT.LSSBRY.LTSCO.L

J.P. Morgan·2026-10-30Sector

LENOVO2345.TW2357.TW2377.TW3037.TW5274.TWODELTA.BKINTCAsian server supply chain·Overweight

J.P. Morgan·2026-10-29Sector

0939.HK3988.HK601939.SH601988.SHChina Big 4 SOE banks·Overweight

J.P. Morgan·2026-10-29Sector

LENOVO2317.TW2357.TW2382.TW5274.TWO6669.TWGOOGL MSFT

J.P. Morgan·2026-10-29Sector

GOOGL META MSFT ORCL

J.P. Morgan·2026-10-29Sector

ADVANTEST TER

J.P. Morgan·2026-10-29Sector

GEELY BYD2333.HK9863.HK9973.HK

J.P. Morgan·2026-10-28Sector

1972.HK·Top pickH78.SI·Top pick1997.HK·Top pick

J.P. Morgan·2026-10-27Sector

1398.HK·Top pickSOE banks·Overweight

J.P. Morgan·2026-10-26Sector

Refined copper demand growth: +2.9% in 20272027

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

China CDMO Entering a New Phase of Development; Initiate on Pharmaron-A-H at N-OW, Asymchem-A-H at N-OW

Memory Market Update: 3Q26 results wrap and 4Q26 2027 outlook; our thoughts on memory share prices

China Insurance 3Q26 league tables: Resilient solvency amid earnings volatility and lower interest-rate risk

China Auto Industry: Thailand to impose tariff on China’s EVs - implications?

China Auto Industry: 3Q26 misses expose structural pressure; cutting SOE estimates further

China Medtech: Three tailwinds are lining up; is a rotation into medtech in place?

China Property: Developers’ sales remain sluggish despite mortgage subsidy

China SOE banks 3Q26 wrap: Solid beat, resilient 4Q outlook; PSBC lags

China Property: Huafa tests the faith in SOEs

Grocery macro indicators: Reflation trade underpinned by El Ni-o

Asian Tech: Read-through from INTC 3Q26 takeaways

China Property: Expert meeting takeaways on Shenzhen market

China Banks: Takeaways from financial property tour in Shenzhen

PCs and Servers: Read-through from Microsoft Google Sep-26 earnings

Hardware & Networking Cloud Capex Wrap-Up: GOOGL and MSFT Join META in Reinforcing DC Investments into CY27

Semiconductor SPE: Implications from Teradyne’s results: Inquiries from a third hyperscaler

China Auto Export Tracker: September: Chinese brands’ Europe NEV share reaches 25%; strong momentum meets a tougher 2027 policy backdrop

Property Data Monitor: Mainland China: leading indicators soften; HK: mixed sell-through rates

China Banks: Thoughts post recent rally

China Metals Activity Tracker: China base metals consumption rebounds as China returned post Golden Week. Iron Ore FOB prices increased, as freight costs fell