Goldman Sachs: The 720 – Asia Leaders Conference Takeaways, Broadcom Forecast & Regional Strategy

Key Takeaways

• 1.HKEX management highlights strong ADT momentum supported by a record IPO pipeline exceeding last year's 119 listings, alongside ongoing derivatives expansions like zero-day options and Orion platform investments.
• 2.IGO is upgraded to Buy with a 12m TP of A$9.50 as Greenbushes site optimisation and lower product grades could lift spodumene production by 10% and add ~A$1bn to NAV.
• 3.Broadcom target price is lifted to $540 on strong AI semiconductor revenue outlook, expected to double in FY27 to $115bn and again in FY28 to $230bn across multiple hyperscaler and AI lab customers.

Table of Contents

• Asia Leaders Conference Takeaways
• Financials
• Industrial Technology
• Data Centers
• Results | Australia Consumer
• New | IGO – Upgrade to Buy
• Themes in Play | RoboTechnik, Robotis, China Property, Godrej
• GS Events | Bank of China
• Asia Strategy | Earnings Revisions
• Around the World | Broadcom, Energy, Yen
• Asia Market Intelligence

Report data

Asia Market Intelligence

Reports in this series

The 720 is shown in chronological order through this edition, published on September 4, 2026.

Part of the The 720 series — view all 37 editions

Looking for the latest edition? The 720 China AI, CATL, HSBC, AIA, HK Ex, Inovance, Korea Banks, Largan, WUS, SG Banks, Shein (Oct 12, 2026)

1. Sep 1The 720 Asia Leaders Conference Day 1 Takeaways, Zhipu, Japan Chemicals, Haitian, Kstar, Skshu Paint, Toto
2. Sep 2The 720 Asia Leaders Conf Day 2 Takeaways, Tencent, Xiaomi, MiniMax, BYD, Alibaba, Anta, Mediatek, S Oil
3. Sep 3The 720 APAC Conviction List, Asia Leaders Conference takeaways, Meituan, WUS, BYD, Mizuho, Asics, H World, China Commodities(1)
4. Sep 3The 720 APAC Conviction List, Asia Leaders Conference takeaways, Meituan, WUS, BYD, Mizuho, Asics, H World, China Commodities