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China Merchants: The export manufacturing prosperity continues, expecting a recovery of quality mid-to-high-end brands in 2025.
The outdoor sector continues to thrive, and in 2024, outdoor and sports performance is expected to outperform traditional apparel. Looking ahead to 2025, with continuous incremental policies, consumer activity is expected to warm up, and there are hopes for the recovery of high-quality mid-to-high-end brands.
BOSIDENG (03998.HK) held a launch conference in Harbin to promote the "Harbin X BOSIDENG" co-branded product line.
BOSIDENG (03998.HK) and the Harbin Municipal Government's Harbin Madi'er Cultural Tourism Investment Group jointly held a strategic成果发布会 and the "Tribute to Ice and Snow" fashion show, showcasing the first urban co-branded product series between BOSIDENG and Harbin, aiming to present the deep integration of BOSIDENG's cold-resistant Technology and Harbin's historical and ice and snow culture. Gao Dekang, the founder of the BOSIDENG brand and chairman of the group's board of directors, stated that both parties established a comprehensive strategic partnership in June this year, creating a new model for city and brand collaboration, and based on this, will jointly promote the entire Industry Chain of Harbin's ice and snow economy through resource sharing and close cooperation.
BOSIDENG: 2024/25 Interim Report
Ping An Securities Light Industry and Textile Clothing 2025 strategy: Focus on the dual main lines of valuation bottoms in sports and outdoor as well as home furnishings.
The current valuation of the textile Outfits Sector is in a low oscillation period, and the market has fully priced in the pessimistic expectations for downstream; the light industry Sector's valuation is recovering positively, and the valuation is expected to maintain an upward trend.
Bosideng International Holdings Limited Goes Ex Dividend Monday
In the "Great Agency," CICC: Consumer encouragement policies are expected to continue to increase. It is recommended to pay attention to ANTA (02020.HK), HAIER SMARTHOME (06690.HK), YUM CHINA (09987.HK), HAIDILAO (06862.HK), MINISO (09896.HK), Old Shop Go
CICC released a report indicating that the central economic work conference will prioritize boosting Consumer spending, and it is expected that policies to encourage Consumer spending will continue to increase, thereby driving a faster recovery in consumption. It is recommended to pay attention to leading stocks in various Consumer sectors, including Kweichow Moutai (600519.SH), Anta (02020.HK), HAIER SMARTHOME (06690.HK), H World Group-S (01179.HK), YUM CHINA (09987.HK), HAIDILAO (06862.HK), MINISO (09896.HK), Yonghui Superstores (601933.SH), and Laoshan Gold (06181.