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Uni-President China Logs Over 1.6 Billion Yuan in Nine-Month Profit
u-presid china (00220.HK) recorded a post-tax profit of 1.636 billion RMB in the first nine months, a year-on-year increase of 11.5%.
u-presid china (00220.HK) announced that the unaudited after-tax profit for the first nine months was approximately 1.636 billion yuan, an 11.5% year-on-year increase.
"Daiwa": Mainland retail sales far outperform the third quarter in October, expecting the stimulus policy effects to not yet be evident.
Daiwa's research report indicates that the trend of multiple consumer sub-industries in the mainland reflects more intense price competition. Although retail sales in the mainland in October were significantly stronger than in the third quarter of this year, the government's stimulus measures have not yet translated into stronger consumer confidence, with no substantial impact. However, the worst time seems to have passed. The bank points out a preference for exporters, essential goods, and domestic brands with the strongest pricing power such as Proya Cosmetics (603605.SH) and Anta Sports (02020.HK). The bank believes that consumer sentiment has begun to gradually recover, but it may take one to two quarters to see significant changes. The bank maintains its previous "
China Merchants Securities recommends consumer stocks such as Tsingtao Brewery (00291.HK), Mengniu (02319.HK), Yum China (09987.HK), Anta (02020.HK), and Moutai, which have the potential to catch up despite their inferior quality.
China Merchants International released a report stating that in order to select winners in the current upward cycle, the bank conducted research on 28 Hong Kong/Mainland consumer brands, analyzing the trading situation of these companies compared to the benchmark of the past two years, as well as tracking their performance compared to the last peak in the recovery cycle. The bank expects that with the support of fundamental improvements, stocks with good profit quality will usher in another wave of revaluation opportunities in the next phase of rebound. The bank believes that these stocks will experience the maximum growth. Although the prospects are not as optimistic as the outstanding stocks, these stocks still show a healthy growth trajectory, with valuations in the middle of the two-year average.
In the past week, thousands of foreign institutions bought Hong Kong stocks! Strong inflow of foreign capital, industry insiders exclaimed: next level!
①Recently, Hong Kong stocks have been strong, with foreign capital accelerating the purchase of Hong Kong stocks in the past week; ②Recently, foreign investors have expressed various opinions, indicating that the Hong Kong stock market will benefit from the Fed rate cut.
Tianfeng Securities: Beverage industry shows resilience, beer industry realizes cost dividends.
Tianfeng recommends grasping 2 main lines: 1) Recommend focusing on the cost dividend potential, high dividend Tingyi (00322), u-presid china (00220); 2) Recommend focusing on the high-growth reform logic of beijing yanjing brewery (000729.SZ).
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