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<Research>Citi: Top Picks MENGNIU DAIRY, CHINA RES BEER, BUD APAC, Other Consumer-related Stocks After CN Policy Pivot
Recommend 28 Positive 62 Negative 26 |
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Since the policy pivot of China, a number of ministries and local governments have announced plans to boost consumption in the past few days, following the People's Bank of China (PBOC)'s earlier relaxation of the property market and the release of liquidity in the stock market, Citi Research issued a research report saying. Citi Research expected the consumer staples sector to benefit first, with a focus on "household welfare" and consumer confidence enhancement. Citi Research's preference in order for the consumer staples sector is dairy, beer, condiment and beauty care. The broker's top picks include MENGNIU DAIRY (02319.HK), CHINA RES BEER (00291.HK), BUD APAC (01876.HK), YIHAI INTL (01579.HK) and GIANT BIOGENE (02367.HK). Citi Research's preferred sectors in consumer discretionary are home appliances, restaurants and hotels, with HAIER SMARTHOME (06690.HK), MIDEA GROUP (00300.HK), HAIDILAO (06862.HK), YUM CHINA (09987.HK) (YUMC.US) and HWORLD-S (01179.HK) (HTHT.US) being its top picks. AAStocks Financial News |
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