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<Research>Citi: CN Consumption Sector Focuses on Profit Growth Sustainability; Top Picks ANTA SPORTS/ HAIDILAO/ POP MART/ Others
Recommend 37 Positive 69 Negative 26 |
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Citi Research issued a research report forecasting that investors will rebalance their portfolios between 'value' and 'growth' in China's consumption sector this year. The broker held a conservative view on whether the government can significantly stimulate consumption immediately in a less inflationary environment this year. Hence, its stock selection strategy will focus on the sustainability of corporate profit growth. In the consumer discretionary sector, Citi Research's top picks include ANTA SPORTS (02020.HK), POP MART (09992.HK), HAIDILAO (06862.HK), Atour Lifestyle (ATAT.US) and MIDEA GROUP (00300.HK). In the consumer staple sector, the broker's top picks are CHINA RES BEER (00291.HK), EASTROC BEVERAGE (605499.SH) and MAO GEPING (01318.HK). If China's consumption recovery exceeds expectations this year, Citi Research anticipated that LI NING (02331.HK), CTG DUTY-FREE (01880.HK) and HAITIAN FLAV (03288.HK)(603288.SH) will outperform the market. AASTOCKS Financial News Website: www.aastocks.com |
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