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<Research>JPM Confident in CN IP Sector Outlook; Top Picks POP MART/ LAOPU GOLD
Recommend 18 Positive 38 Negative 18 |
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JPMorgan released a research report becoming more confident in the optimistic outlook for China's IP industry, with POP MART (09992.HK) and LAOPU GOLD (06181.HK) being its top picks, with ratings at Overweight. While most companies have yet to see a significant rebound in demand, IP goods remained one of the best performing consumer segments this year for providing affordable treats and creating immediate emotional and social connections, JPMorgan added. The broker's order of preference for China's consumer goods market is as follows: 1) Pop Mart and Laopu Gold (strong growth); 2), ANTA SPORTS (02020.HK), MENGNIU DAIRY (02319.HK), YUM CHINA (09987.HK) and TSINGTAO BREW (00168.HK) (600600.SH) (mature blue chips); 3), TINGYI (00322.HK) and U-PRESID CHINA (00220.HK) (dividend yield plays). AAStocks Financial News Website: www.aastocks.com |
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