www.ubs.com/investmentresearchThisreporthasbeenpreparedbyUBSAGLondonBranch.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE21.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreport...

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www.ubs.com/investmentresearchThisreporthasbeenpreparedbyUBSAGLondonBranch.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE25.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreport...

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www.ubs.com/investmentresearchThisreporthasbeenpreparedbyUBSSecuritiesLLC.ANALYSTCERTIFICATIONANDREQUIREDDISCLOSURESBEGINONPAGE53.UBSdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports...

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ThailandBanksandConsumerLendersQuantifyingthehittoassetqualityFinancialsThemeFigure1:Wecalculatethat9.8%ofSMEsrepresentpossibletroubledloansSource:OSMEP,CreditSuisseestimatesIndustry-levelanalysiso...

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AsiaPacificThematicStrategyAboontoenergyconsumersStrategyStrategyFigure1:Ofus$1.1tninsavingsforoilconsumers,us$500bnisbetweeneconomiesSource:TradeMaps,CreditSuisseestimatesNear-termvolatilityaside,...

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ConsumerStaplesCOVIDFactorstoWatch–100Read-ThroughsfromEarningsWeeks1+2ConsumerStaplesIndustryPrimerWecombedthrough37earningsreleases/calls—globally—fromApril15thtoMay1standidentified100read-thr...

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WheatoutlookWheatoutlookJenniferK.Bond,CoordinatorCOVID-19LinkedShiftsinConsumptionLeadtoSurgeinU.S.WheatFooduseWheatflourproductionduringthefirst3monthsofcalendaryear2020surgedmorethan4percentandn...

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Pleaserefertopage22forimportantdisclosuresandanalystcertification,oronourwebsitewww.macquarie.com/research/disclosures.13March2020AustraliaEQUITIESAnalystsMacquarieSecurities(Australia)LimitedRossC...

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Disclosures&DisclaimerThisreportmustbereadwiththedisclosuresandtheanalystcertificationsintheDisclosureappendix,andwiththeDisclaimer,whichformspartofit.Issuerofreport:TheHongkongandShanghaiBankingCo...

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EquityResearch28May2020COREBarclaysCapitalInc.and/oroneofitsaffiliatesdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofi...

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