March 16, 2025 07:00 PM GMT Future of Energy | Asia Pacific The Future of Moving Energy We provide a data-driven investment framework for the gas pipeline, coal haulage, and refining and convenience retail companies in our coverage (energy movers). We favour ALD (upgrade to OW) and APA (EW), over VEA (EW) and AZJ (downgrade to UW). Key Takeaways Why are we writing this now? The Future of Energy is one of four key themes at Morgan Stanley Research this year. Australian midstream and downstream energy stocks ...

Global Markets Strategy 16 Mar 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/HK Equity Strategy Dashboard Table of Contents | Wendy Liu AC | • | Market & Sector Performance | P2 | | --- | --- | --- | --- | | (852) 2800 1087 | • | Catalyst Calend ...

14 March 2025 | 5:53PM EDT US Weekly Kickstart n The S&P 500 entered -10% correction territory this week as investors digested the implications of policy uncertainty on the economic outlook. We trimmed our S&P 500 earnings estimates and reduced our year-end price target to 6200, representing 10% upside from current levels. n Due to the softer macroeconomic and market backdrop, we reduce our forecast for completed 2025 US M&A volume growth to +7% (from +25%). We model completed M&A activity as a function of ...

USA | US Insights Equity Research March 15, 2025 What You Need to Know We are pleased to present a selection of our most insightful, best-read, and most-watched US content. This week, we share knowledge gained from more than 80 healthcare management teams who joined us in Miami at Biotech on the Bay. We expect new products from NVDA next week and provide a tech primer for investors. We update the strong earnings power we forecast for top picks EQH and IP, and see a more balanced risk/reward for PEP and SHW. ...

14 March 2025 | 2:23PM EDT Global Economics Wrap-Up: March 14, 2025 Global Economics o But we"nd no economicaly or staicly sgni"cant relaionship between AI exposure and job growth, unemployment, wages, and most Joseph Briggs +1(212)902-2163 | joseph.briggs@gs.com Goldman Sachs & Co. LLC Andrew Tilton +852-2978-1802 | andrew.tilton@gs.com Goldman Sachs (Asia) L.L.C. Giovanni Pierdomenico +44(20)7051-6807 | giovanni.pierdomenico@gs.com Goldman Sachs International Jessica Rindels +1(972)368-1516 | jessica.rind ...

The staples sector is up c.7% YTD (on a mkt cap weighted avg basis) and up c.6% on average this week (vs. MSCI China YTD rally at 20%). Meanwhile, we observe market sentiment gradually improving with steadier consumer confidence index and higher interest in potential upside from policy stimulus implementation (see our Europe marketing feedback takeaways) post the Two Sessions this year which ranks domestic consumption demand recovery as one of the top priorities. Therefore, we expect that market would likel ...

March 16, 2025 10:00 PM GMT New Slide Refreshed Slide Key MORGAN STANLEY & CO LLC. Sean Laaman Equity Analyst sean.laaman@ms.com +1 212 761-4947 Terence Flynn Equity Analyst terence.flynn@ms.com +1 212 761-2230 Vikram Purohit Equity Analyst vikram.purohit@ms.com +1 212 761-3804 Judah Frommer Equity Analyst judah.frommer@ms.com +1 212 761-1270 Michael Ulz Equity Analyst michael.ulz@ms.com +1 212 761-4650 Maxwell Skor Equity Analyst maxwell.skor@ms.com +1 212 761-4804 Finger On The Pulse US SMID Cap Biotech B ...

March 16, 2025 10:12 PM GMT Phison Electronics Corp | Asia Pacific Positive Read from Reported China YMTC NAND Price Hike for April What's new? According to a March 14 MyDrivers report, YMTC's retail brand, Zhitai, plans to raise its channel price in April. Although the exact increase level is not known, it could exceed 10%, the report adds. If realized, it would be the third NAND player announcing a price hike since January, following SanDisk and Micron Technology. TrendForce also raised its NAND pricing e ...

Flash | 16 Mar 2025 15:16:09 ET │ 9 pages China Materials Takeaways from On-ground Demand Monitor Call Series #5- Aluminum product CITI'S TAKE In our China Materials On-ground Demand Monitor Call Series, we aim to track and analyze high-frequency demand trends to see the demand recovery pace post CNY. Our market update call with Mr. Tong Yilai, Aluminum Product Research Analyst of Mysteel. Due to low processing fee currently, the aluminum profile producers are less incentivized to fill the orders from solar ...

China (PRC) | China Consumer Consumption Stimulus Action Plan On 16 March, China announced a 'special action plan for stimulating consumption,' with 30 actions covering eight areas. A press conference is to be held at 3PM HK time on 17 March. Markets are likely expecting more concrete (and quantifiable) policies to be announced in due course, either by local or central govt. Event: A 'special action plan for stimulating consumption' was announced on 16 March. A) Action to increase income: 1) encourage reaso ...