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<Research>HSBC Research Prefers 9 CN Consumers under 3 Themes, Incl. MIDEA/ TINGYI/ MAN WAH/ TSINGTAO BREW
Recommend 25 Positive 46 Negative 13 |
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HSBC Global Research’s report said that it prefers nine Chinese consumer staples under three themes, including MIDEA GROUP (00300.HK), TINGYI (00322.HK), MAN WAH HLDGS (01999.HK) and TSINGTAO BREW (00168.HK), all of which are rated Buy. The broker said that the food and beverage (F&B) sector continues to look unappealing in lack of near-term catalysts. The main reason is the lack of favorable policy factors and the impact of high base effects on short-term fundamentals due to CNY sales. The market is awaiting policy tailwinds. HSBC Global Research's investment ratings and target prices for Chinese consumer staples are listed below: Stock | Investment Rating | Target Price CHINA RES BEER (00291.HK) | Buy | $34.3 BUD APAC (01876.HK) | Hold | $9.1 TSINGTAO BREW (00168.HK) | Buy | $76.8 TINGYI (00322.HK) | Buy | $13.7 WANT WANT CHINA (00151.HK) | Buy | $5.5 MAN WAH HLDGS (01999.HK) | Buy | $7.5 MIDEA GROUP (00300.HK) | Buy | $98 AAStocks Financial News |
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