① The Hong Kong stock market in the Consumer Sector is strong in the short term, which sub-sectors are the most active? ② With the expectation of expanding domestic demand being boosted, why are Institutions focusing on next year's performance?
According to Caixin, on December 11 (Editor: Feng Yi), today's Hong Kong stock market continues to be weak, but consumer stocks are noticeably active, and the enthusiasm is spreading to multiple sub-sectors.
As of the time of writing, essential Consumer sectors such as Dining and Dairy Product are performing the most actively.$YOURAN DAIRY (09858.HK)$Once increased over 15%, currently up over 12%; $NAYUKI (02150.HK)$ Increased by nearly 5%, $XIABUXIABU (00520.HK)$ 、$JIUMAOJIU (09922.HK)$、$CHINA FEIHE (06186.HK)$、$CR BEVERAGE (02460.HK)$The stocks are all rising by about 3%.
In the short term, the Central Political Bureau held a meeting on December 9 and proposed, "To vigorously boost Consumer, improve investment efficiency, and comprehensively expand domestic demand."
As a major tool for expanding domestic demand, promoting Consumer activity is naturally attracting a lot of market attention. In addition, as the year-end approaches, the Autos and other Consumer industries will enter a performance boosting window period.
Recently, with the Spring Festival approaching, the popularity of ice and snow tourism, as well as warm winter tourism, continues to rise, and many popular tourist cities are successively issuing cultural and tourism Consumer vouchers, among which SiChuan will launch a 0.15 billion yuan cultural and tourism grand package, which includes 95 million yuan in cultural and tourism Consumer vouchers, and is also expected to stimulate various Consumer spending.
Research Reports from CITIC SEC indicate that as the Spring Festival approaches, coupled with the continuous emphasis on domestic demand from top to bottom and the warming of policy expectations, consumption is likely to welcome a new round of rebound and recovery.
It is worth mentioning that since the fourth quarter, supported by policies, resident Consumer demand has been continuously released. In October, the total retail sales of social Consumer goods increased by 4.8% year-on-year, an acceleration of 1.6 percentage points compared to the previous month, marking the highest monthly growth rate since March.
CITIC SEC believes that currently there is still a package of policy tools available to promote Consumer activity, such as subsidies for first-time car buyers, maternity subsidies, and the issuance of national Consumer vouchers for Dining and tourism.
In terms of allocation, it is recommended to progress from bilateral tactical approaches to flexible varieties, including Consumer Internet, undervalued high-return Dairy Products that are expected to stabilize operations first, popular Dining, and to consider Consumer allocation needs driven by expectations in advance, such as the Dining supply chain, alcoholic beverages, human resources services, and hotels, which have significant cyclical characteristics.
编辑/jayden
