Asia Pacific Equity Research 22 September 2026 Memory Market Update J P M O R G A N 8 Bull vs. Bear debate: Street pricing-in extreme-bear; risk/reward attractive in the next 12M; OW In this report, we provide nine major memory debate topics along with contradicting bull/bear theses and our view on each of the sub-topics. We also introduce a DCF valuation exercise for two leading Korean memory stocks with various stress tests (bull/base/bear/extreme bear) to gauge what the market is pricing-in at the curren ...

Equity Research 30 September 2026 | 2:49PM HKT Kingdee (0268.HK): AI native products with Lingee AI OS as key growth drivers; Continuous improving profi tability ahead; Neutral Kingdee's AI-native products including its in-house Lingee and Kingdee AI Suite etc. delivered strong growth of the contract value at 159% YoY or 47% HoH, and we view these as key drivers of its subscription business growth ahead. The company's 1H26 revenues were up 14% YoY, in line with its guidance and our estimates, driven by SMB ...

J P M O R G A N 8 Asia Pacific Equity Research 05 October 2026 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 Healthcare Are rates impacting stock valuations? Assessing sensitivities With global interest rates, especially 10-year and 30-year treasury ...

ab 12 October 2026 Global Research China Northern Rare Earth Strong cash generation, but growth constraints Cost leader in global light rare-earth industry We assume coverage of China Northern Rare Earth (CNRE), the world's largest producer of light rare earths by 2025 volume. CNRE's main product is neodymium-praseodymium (NdPr) oxide, a key material for NdFeB, which has wide applications within EVs, wind power and other electric motor systems. We raise our price target to Rmb36.18 but downgrade the stock t ...

Flash | 15 Oct 2026 07:55:30 ET │ 11 pages MMG (1208.HK) Takeaways from 3Q26 Production Update and Business Update Call CITI'S TAKE MMG held its 3Q26 production update conference call on 15th Oct. Mr. Zhao Jing, CEO; Mr. Qian Song, CFO; and other senior members of the management team presented on the call. We also hosted a Business Update Call after 3Q26 production report with MMG on the same day, with Ms. Sherry Shen, Head of IR, and Alisa Liu, IR Manager, in attendance. Below are our key takeaways. Mainta ...