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<Research>Macquarie Says CN Consumer Stocks May Face Margin Pressure in 4Q, Lists 6 Selected H Shrs
Recommend 23 Positive 33 Negative 20 |
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Macquarie published a report, viewing that consumption trade-down is pervasive, and companies are using value-for-money strategies to drive footfall or sales. China consumer stocks may face margin pressure in 4Q. The report listed six selected Hong Kong stocks, all of which were rated as Outperform, including HAIER SMARTHOME (06690.HK), with a target price of $37; TSINGTAO BREW (00168.HK), with a target price of $62.5; CHINA RES BEER (00291.HK), with a target price $35; TINGYI (00322.HK), with a target price $12; ANTA SPORTS (02020.HK), with a target price $142; and WH GROUP (00288.HK), with a target price $8.8. The broker also listed Yum China (YUMC.US) as a selected stock, with a target price of US$37.4 and a rating of Outperform. The broker also reported that NONGFU SPRING (09633.HK) is on its cautious list, with a target price of $19 and a rating of Underperform. The broker also listed STELLA HOLDINGS (01836.HK) as a cautiously viewed stock, with a rating of Underperform and a target price of $11. AAStocks Financial News |
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