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HSBC Research Adjusts TPs for CN Consumers, Upgrades CHINA FEIHE (06186.HK) to Hold
Recommend 10 Positive 21 Negative 10 |
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China's consumption demand remained weak, but earnings risks in 2024 were more idiosyncratic than systematic, HSBC Global Research issued a research report saying. The broker adjusted its target prices for Chinese consumers, in which it lifted its target price for CHINA FEIHE (06186.HK) from $4.7 to $5.35 and upgraded the stock from Underweight to Hold. HSBC Global Research also chopped its target price for H World Group (HTHT.US) from US$50.3 to US$32.4, and downgraded the stock from Buy to Hold. The broker elevated its target price on Yum China Holdings (YUMC.US) from US$59.8 to US$63.7, with rating kept at Buy. On companies, HSBC Global Research was bullish on GIANT BIOGENE (02367.HK)'s growth potential, ANTA SPORTS (02020.HK)'s solid earnings, Yum China Holdings' shareholder returns and CR BEVERAGE (02460.HK)'s attractive valuation relative to its earnings growth prospects. HSBC Global Research's ratings and target prices for Chinese consumers are listed below: Stock | Rating | TP (HKD) ANTA SPORTS (02020.HK) | Buy | 126.5 -> 123.6 LI NING (02331.HK) | Hold | 18.1 -> 16.8 XTEP INT'L (01368.HK) | Hold | 6.1 -> 6 SHENZHOU INTL (02313.HK) | Buy | 85.4 -> 87 YUE YUEN IND (00551.HK) | Buy | 20 -> 22.8 GIANT BIOGENE (02367.HK) | Buy | 65.2 -> 70.6 CHINA FEIHE (06186.HK) | Underweight -> Hold | 4.7 -> 5.35 NONGFU SPRING (09633.HK) | Buy | 42.1 -> 42.9 CR BEVERAGE (02460.HK) | Buy | 13.7 -> 15.4 MENGNIU DAIRY (02319.HK) | Buy | 27.6 -> 22.4 HAIDILAO (06862.HK) | Hold | 17.1 -> 14.7 YIHAI INTL (01579.HK) | Underweight | 12.1 -> 11.7 AAStocks Financial News |
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