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<Research>G Sachs Favors ANTA SPORTS/ MIDEA GROUP/ NONGFU SPRING/ YUM CHINA/ TINGYI/ MENGNIU DAIRY/ MNSO/ GIANT BIOGENE/ LAOPU GOLD Among CN Consumers
Recommend 11 Positive 19 Negative 10 |
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Goldman Sachs has released a report expecting consumer spending to remain rational this year, while the recovery of consumer confidence will rely on more sustained policy support, stability in the real estate market, improvements in the job market, and the revival of economic activities. The broker believed that companies or industries with structural growth opportunities will be better positioned to mitigate the impact of macroeconomic fluctuations. It was upbeat about industries such as white appliance, diversified retail, specific sports brands, and dairy and beverage products over the next 3-6 months. Goldman Sachs' preferred Chinese consumer stocks included ANTA SPORTS (02020.HK) (on the Conviction List), Moutai (600519.SH), MIDEA GROUP (00300.HK), NONGFU SPRING (09633.HK), YUM CHINA (09987.HK), TINGYI (00322.HK), MENGNIU DAIRY (02319.HK), MNSO (09896.HK), GIANT BIOGENE (02367.HK), LAOPU GOLD (06181.HK), and HISENSE HA (00921.HK). AAStocks Financial News |
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