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<Research>Macquarie Recommends Raising Holdings in HK & CN Catering Supply Chain Stocks; Discretionary Sector Shows Weaker Momentum
Recommend 0 Positive 9 Negative 5 |
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Macquarie has published a research report on the Asian consumer sector recommending investors to raise holdings in the Hong Kong and mainland China consumer staples segment, particularly catering supply chain companies like condiment and beer producers, given that the market is currently in a consolidation phase, and prices may rise in 2H26. For the consumer discretionary segment, Macquarie advises investors to be more selective and cautious in choosing investment targets considering weaker market momentum. Specifically, the report mentioned that EASTROC (09980.HK) and BUSYMING (01768.HK) have attracted discussion, while views on the dairy sector are mixed. Some investors are interested in domestic infant formula brands gaining market share, as foreign competitors face product recall issues. In discretionary consumption, Macquarie said sportswear, particularly SHENZHOU INTL (02313.HK) and ANTA SPORTS (02020.HK), remains the most crowded positioning area. However, market confidence in their outlook is insufficient, with investors tending to exit and stay on the sidelines. Views on POP MART (09992.HK) are highly divided. Travel remains the most favored theme, though investors are wary of demand risks stemming from high oil prices. They believe Atour Lifestyle (ATAT.US) and HWORLD-S (01179.HK), which are more focused on domestic tourism, are relatively less affected. In the Macau gaming sector, market consensus views it as an income-generating play, favoring high-dividend stocks such as WYNN MACAU (01128.HK). As for gold jewelry, given its low valuation levels, investors are likewise focusing on dividend yield performance. Auto-translated by AI AASTOCKS Financial News |
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