China’s energy storage battery shipments rose 91% year on year in September. Strong tender activity supports future shipments, but capacity expansion is lagging shipment growth. Monthly installations rebounded in the United States, while the year-to-date total remained level with last year.
Bernstein expects US e-commerce to grow about 10% year over year across the second and third quarters combined. As earnings season begins, Wayfair needs to deliver on both revenue growth and margins, while eBay’s level of investment may have more influence on its results than transaction volume.
Alibaba and Tencent’s combined capital expenditure in a single quarter was approximately 120 billion yuan. AI commercialization is accelerating, but most companies remain in the investment phase. Barclays expects Baidu to be the most likely to need additional financing over the next 15 months, while Alibaba’s potential gap would emerge later.
Barclays estimates that digital infrastructure accounts for about 1.4% of the sampled life insurers’ bond portfolios, but purchases accelerated in the first half of 2026. Higher yields and new financing supply could drive allocations further upward, while bringing concentration, refinancing and collateral-value risks.
Organic revenue growth in the core business was 7.2%, above market consensus, but the adjusted EBITA margin fell short of expectations. Barclays believes the widening gap between total revenue growth and growth after pass-through costs weakened the conversion of revenue growth into profit.
A declining birth rate and industry competition weighed on revenue. Overseas business grew rapidly but remained a small share of the total. Goldman Sachs cut its revenue forecasts for the next three years, raised its net profit forecasts and maintained a Neutral rating.
Third-quarter revenue rose 14% year on year, while net profit fell 37%; both missed Goldman Sachs’ expectations. Goldman believes higher costs and other factors weighed on margins, but electric two-wheelers and robotic lawnmowers continue to gain share; revenue growth could recover ahead of profit.
Third-quarter revenue rose 19% year over year, while EBIT fell 7%; a one-off investment gain offset most of the operating profit shortfall. Management expects price increases to improve margins sequentially in the fourth quarter, and Goldman Sachs maintains its Buy rating.
Huaqin Technology’s revenue in the third quarter of 2026 was 25% above Goldman Sachs’ forecast, but its gross margin was below expectations and net profit attributable to shareholders fell 32% quarter on quarter. Management expects Supernode customer expansion to drive data-center business growth.
TrendForce expects server demand and limited additional supply to support further DRAM price increases. Average HBM prices could more than double year on year in 2027, but long-term agreements and weak consumer demand will constrain increases in conventional DRAM prices.
Demand for traditional MLCC powders and stocking of dental zirconia drove revenue growth, but gross margin, expenses and cash flow weighed on performance; Goldman Sachs expects AI-related new materials to begin ramping up from the fourth quarter.
A title insurance waiver could save eligible refinancing borrowers 500 to 1500 dollars, but its coverage may be limited; other measures also largely involve existing arrangements or constraints on implementation timing.
PayPal's third-quarter revenue was slightly below consensus, while adjusted earnings per share beat it by about 11%; management's outlook for 2027 was also slightly better than market expectations. Goldman Sachs believes savings realized ahead of schedule and continued reinvestment constrain profit improvement.
ASMPT booked 1.128 billion dollars in new orders in the third quarter, while the midpoint of its fourth-quarter revenue guidance was 9% above Bloomberg consensus. Management expects the SMT business to drive sequential growth, while longer delivery cycles for advanced packaging products will leave SEMI revenue roughly flat.
Wuliangye’s third-quarter revenue fell 38% year on year, while net profit dropped 48%. Goldman Sachs believes the company may be controlling shipments to distributors and accelerating the reduction of legacy inventory. Although operating cash flow improved, further destocking may be needed before new orders and shipments return to normal.
Goldman Sachs expects average revenue at eight Taiwanese server and PC supply-chain companies to continue growing strongly year over year from October to December, while remaining broadly flat sequentially. The timing of new rack deliveries, consumer electronics demand and product margins are creating differences among the companies.
Beauty revenue grew 37%, but still did not offset declines in personal care, innovation and overseas businesses. Goldman Sachs believes the full-year growth target is achievable, although intense competition could slow margin recovery.
Goldman Sachs believes stable production of the Boeing 787 and 737 benefits Japanese airframe and engine-parts suppliers. However, sustained 737 output has been delayed, and Kawasaki Heavy Industries has already incurred costs in preparation for higher production.
Pop Mart’s third-quarter revenue fell 45%–50% year on year, below Goldman Sachs’ and market expectations. Goldman expects sales to improve sequentially in the fourth quarter, but overseas price adjustments, changes in the revenue mix and new-store costs will weigh on profitability in the second half.
The October consumer confidence index rose to 91.7, far exceeding forecasts; new-home sales edged down in September but beat Goldman Sachs and market expectations.
