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The desk research, the way the analysts wrote it. 分析师原文研报，原汁原味呈现。

Showing the latest saved institutional reports.Refreshing the latest institutional reports. New buy-side and sell-side desk reports land here hourly — read the ones that touch what you hold. 正在显示最近保存的机构研报。正在刷新最新机构研报。买方与卖方研究每小时更新至此 —— 挑与你持仓相关的读。

The research the desks write for their clients — now on yours. 机构写给客户的研报 —— 现在也在你手中。
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Refreshing the latest reports…正在刷新最新研报…
Institutional desk机构研究台Sell-side卖方

GS Jee GS KOREA FINAL EXTENDS LOSSES

  • Semiconductor Flow Divergence: Foreigners extended net selling streaks (-$550mn Hynix, -$133mn SEC) amid TSMC/US CPI volatility risk, while local institutions net bought SEC (+$54mn) but sold Hynix (-$88mn), signaling sector-specific earnings-driven volatility.
  • EV Policy Tailwind: EU-China agreement curbing Chinese hybrid exports boosted EV supply chain (+4.4%, GSXAKREV), with POSCO FM/SAMSUNG SDI leading on AI-driven ESS growth structural tailwinds and policy-driven demand.
  • ESS Demand Catalyst: Local broker confirms AI power demand fueling ESS growth, positioning Korean battery makers for earnings improvement via structural (ESS/EV demand) and policy (EU-China) factors.
  • Earnings Volatility Risk: Sector volatility heightened ahead of TSMC earnings and US CPI prints, with Semis (SEC, SK Hynix) selling off (-1.7% each) despite local institutional buying in SEC.
Oct 14, 2026 · 13:44 UTC
Institutional desk机构研究台Sell-side卖方

GS Novak GS U.S. Industrials & Materials CPI HVAC changes pickup analysis

  • China Inflation Revisions: Headline CPI +0.9% yoy (vs +0.8% Aug), PPI +5.0% yoy (vs +3.8% Aug); 2026/27 PPI forecasts revised up to 2.8%/3.3% (vs 2.0%/0.0%), signaling persistent manufacturing demand and revised inflation trajectory.
  • Geopolitical Oil Shock: Middle East attacks spike crude 100bps (Brent $106, WTI $95); IEA warns diesel constrained until 2027, amplifying energy risk and supply chain volatility.
  • PPI Surge Signals Manufacturing Rebound: Recent PPI spike (2023-24) indicates industrial activity recovery, critical for global trade flows and commodity pricing, with Thursday’s PPI release pivotal for market positioning.
  • Trade Surplus Acceleration: Exports +36.3% yoy, imports +31.0% yoy; trade surplus widens to $133.5bn (record monthly), driven by strong container shipping and energy imports, reflecting export-driven economic momentum.
Oct 14, 2026 · 13:44 UTC
Institutional desk机构研究台Sell-side卖方Highlighted精选

GS Bartlett GS TMT TODAY 10.14.26

  • Geopolitical Energy Impact: Houthi strikes on Saudi Aramco HQ and Iran tanker attacks drive WTI crude up 1.25% to $95.30, highlighting acute supply risk and energy market volatility.
  • ASML Fundamentals & Supply Risk: Upgraded 2026 revenue guidance (€44bn-€45bn) and 56% gross margin, but targeted 30% EUV capacity increase deemed insufficient amid surging demand, signaling critical supply chain constraints.
  • TMT Sector Divergence: TMT hardware outperforms S&P 500 by +66.96% YTD (+80.98% vs S&P +14.02%), contrasting with China Internet’s -28.15% decline, revealing high-risk allocation opportunities and geopolitical exposure.
  • Fed Policy & Earnings Flow Catalyst: Dovish Fed remarks (William’s) precede key speakers, with pre-market earnings (PGR, BLK, BAC) and ASML’s mixed reaction (beat/raise but capacity concerns) driving sector-specific capital flows.
Oct 14, 2026 · 13:44 UTC

2900 more institutional reports还有 2900 篇机构研报

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Not investment advice. The Research Vault hosts third-party institutional research for reference and education. Highlighted reports are chosen for the quality of their argument, not as recommendations to buy or sell. Documents are provided by their authors; ratings and views are the authors', not ours. Access is metered and every download is watermarked — not for redistribution. 非投资建议。研报库仅收录第三方机构研究，供参考与学习之用。精选报告因其论证质量入选，并非买卖建议。文档由作者提供，其中评级与观点均属作者本人，与本平台无关。访问受配额限制，下载均加水印 —— 不得转发。

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