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<Research>G Sachs: Investor Expectations for New Consumer Stocks Rising; Any ST Negative News Could Trigger Sell-offs
Recommend 21 Positive 30 Negative 21 |
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According to Goldman Sachs' report, China's overall consumption trends were lackluster in 2Q25. The broker observed that several sectors, including baijiu, dairy products, sportswear, cosmetics, condiments, and ready-to-eat foods, were experiencing a QoQ weakening in demand. Despite resilient growth in retail sales reported by China's National Bureau of Statistics and a robust increase in total gross merchandise volume during the 618 shopping festival, both of which have benefited from ongoing government policies encouraging trade-ins. While market preferences for consumer stocks remained divided, the broker said that investors continued to favor new consumer brands capable of delivering unique growth amid overall demand uncertainty, which reflected in solid share price performance and valuation premiums. It is worth noting that, however, investor expectations are rising along with intensifying debates over growth prospects for 2026. It is possible that any short-term negative news would trigger selling pressure. At the individual stock level, Goldman Sachs preferred ANTA SPORTS (02020.HK), LAOPU GOLD (06181.HK), Yum China (YUMC.US), WH GROUP (00288.HK), TSINGTAO BREW (00168.HK), GUMING (01364.HK), TINGYI (00322.HK), GIANT BIOGENE (02367.HK), MINISO (MNSO.US), and CR BEVERAGE (02460.HK). All were included on the Buy list. AAStocks Financial News |
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