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.
Da Hang upgraded Bank of China International's selective consumer sector rating to 'outperform the market', preferring haier smarthome (06690.HK), Xtep (01368.HK), Anta (02020.HK), Bosideng (03998.HK), and yum china (09987.HK).
CMB International released a research report indicating that the policy-driven consumption growth continues to improve, and the mainland consumer industry valuation may usher in a revaluation opportunity. Although the sales growth of the mainland retail market is still under pressure, it has further improved compared to September. Sales growth in the sub-industries of household appliances and apparel retail exceeded expectations, while the sports apparel, dining, and tourism industries basically met expectations. Currently, the industry rating has been upgraded to 'outperform the market'. CMB International prefers Haier Smarthome (06690.HK), Xtep (01368.HK), Anta (02020.HK), JNBY (03306.HK), and Wave.
Shares of US-listed Chinese Stocks Are Trading Lower After Chinese Planning Officials Reportedly Fell Short of Investor Stimulus Expectations.
S&P 500 Futures Climb In Premarket Trading; Yum China Holdings, Chart Industries Lag
US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
Yum China (09987) spent approximately $2.4 million on repurchasing approximately 0.0484 million shares on October 3rd.
Yum China (09987) announced that on October 3, 2024, it will spend approximately 2.4 million US dollars to repurchase about 0.0484 million...