Citibank: Expecting an improvement in domestic demand stock sentiment, 10 large consumer stocks are recommended

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that Citi released a research report saying that the State Council approved the “Fifteenth Five-Year Plan to Expand Consumption” and aims to continue to expand the overall scale of the consumer market by 2030. Total retail sales of social consumer goods will reach about 60 trillion yuan, further increasing the driving effect of consumption on economic growth. Although the bank does not expect the new policy to immediately bring a significant boost in consumption, it believes it will gradually improve market sentiment in China's optional consumer stocks, especially in the context of recent industry rotation among investors.

The bank favors 10 major Chinese consumer stocks with attractive valuations, including Midea Group (00300), Anta Sports (02020), Li Ning (02331), Zhou Daifu (01929), Mengniu Dairy (02319), Haidilao (06862), Tsingtao Brewery (00168), Bosideng (03998), China Resources Beer (00291), and Wanzhou International (00288). Citi's preferred stocks in China's optional consumer sector are Anta, Midea, and ATAT.US (ATAT.US).