Global Research ab 24 February 2025 China Medtech Medical imaging equipment expert channel check – signs of recovery Latest trends in China's medical imaging equipment sector Geopolitical risks could have a limited impact on overseas business The expert believes geopolitical risks would have a limited impact on domestic companies. 1) In Europe, the purchase of a single piece of equipment with a value of more than EUR5m would be subject to the EU's International Procurement Tool (IPI); but as the variety and ...

ab 25 February 2025 Global Research Sector Keys: Global Real Estate Optimism despite uncertain environment Equities Global Real Estate Charles Boissier, CFA Analyst charles.boissier@ubs.com +44-20-7568 4415 This report has been prepared by UBS AG London Branch. ANALYST CERTIFICATION AND REQUIRED DISCLOSURES, including information on the Quantitative Research Review published by UBS, begin on page 90. UBS does and seeks to do business with companies covered in its research reports. As a result, investors sho ...

February 24, 2025 01:24 AM GMT G10 FX Strategy, Global Economics, and US Public Policy The 2017 Dollar Redux Why did the US dollar decline in 2017? Trade policy, global growth, and European politics contributed. Fiscal and Fed policy were less supportive than believed. We think the USD will decline this year for a number of the same reasons it fell in 2017. Key Takeaways Please click here to be added to my distribution list. Exhibit 1: 2025 expectations compared to 2017 and 2018 | | 2017 | 2018 | 2025 | | - ...

February 25, 2025 05:01 AM GMT Humanoids Humanoid Horizons: Big Tech Flexes its Robot Muscle, Humanoid 100 +20% YTD Is it just us, or is there a growing linkage between the largest global tech firms and robotics/embodied AI? In this note, we provide our latest views and key observations across the humanoid landscape as corporate, venture, and public investor interest appears to be reaching a new high. From our perspective, January and February have been some of the most eventful months yet for humanoid deve ...

FICC Research Economics 24 February 2025 China Rising animal spirits China's H shares outperformed amid the AI breakthrough. CNY stabilised with "Mar-a-Lago Accord" talk gaining momentum. President Xi's symposium with entrepreneurs sent supportive signals. We think key things to watch for the NPC, including the growth and inflation targets, and fiscal package. Previously published in Global Economics Weekly: Deal and Peace, 21 February 2025. Equity re-rating; CNY stabilises The DeepSeek breakthrough has led ...

QUICK TAKE 24 February 2025 China SMID Internet China Robotaxi: And then there were three...Takeaways from our test ride of Didi's Robotaxi with Jan2025 software upgrade Boris Van +852 2918 5753 boris.van@bernsteinsg.com Ting Ming Neo +852 2123 2554 tingming.neo@bernsteinsg.com China's Robotaxi scene is commonly viewed as a two horse race between Baidu and Pony.AI (not covered), with Didi (not covered) a distant third. Understanding Didi's likelihood of catching up is therefore critical to formulating one's ...

24 February 2025 | 9:28PM BRT Pulp & Paper 2025 Global Pulp: 10 Key Themes to Watch Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to www.gs ...

23 Feb 2025 17:00:35 ET │ 307 pages China Healthcare Handbook 2025: Come Back and Catch Up CITI'S TAKE We believe that in 2025 investor interest will return to China's healthcare sector, keen to catch up with the latest developments. Although concerns might persist, investors will find it difficult to turn a blind eye to the significant improvements in domestic innovations that have global potential. Even the most risk-averse investors have stopped asking about GPOs; rather, they are looking for policy deta ...

Asia Pacific Equity Research 26 February 2025 This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. China Battery & Materials Year 2025 investment thesis; initiate on Hunan Yuneng at Overweight China Asia Autos & EV Battery Rebecca Wen AC (852) 2800-8505 rebecca.y ...

We believe further clarification is needed by Microsoft on its capex and broader capacity intentions to form a strong view on the implications. At this stage, we see this as 1/ Microsoft-specific given already very high ambitions and given the recent newflow vis-a- vis OpenAI and Stargate and 2/ rather fine-tuning of timing and exact mix of capacity additions rather than change of stance from growth to stable or down development. We put the above in context of MSFT accounting for 4% of global Data Centre ca ...