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| HSI1 | 25,182.39 | 0.00 | -- |
| HSCEI1 | 8,425.82 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-05-29 15:45:31 JP Morgan noted that the weighting of constituents in the MSCI China Consumer Index has shed from 40% at end-2020 to 29%, after share prices declined by about 50%. Many investors expected a clear market "pivot" in early 2026, but momentum weakened again after the Lunar New Year. The forecast P/E for Consumer Staples and Discretionary are currently about 16x and 13x respectively, around 1.5 STD below their 10-year averages. Valuations for beverages, beer, catering, sportswear, beauty and jewellery sectors are at the bottom of their 10-year ranges, with dividend yields ranging from 5% to 7%. The broker's top picks are NONGFU SPRING (09633.HK), ANTA SPORTS (02020.HK) and GUMING (01364.HK), all rated Overweight. JP Morgan's investment ratings and target prices for consumer stocks are as follows: Stocks | Investment Ratings | TPs (HKD) NONGFU SPRING (09633.HK) | Overweight | HKD55 ANTA SPORTS (02020.HK) | Overweight | HKD130 GUMING (01364.HK) | Overweight | HKD38 POP MART (09992.HK) | Overweight -> Neutral | HKD350 -> HKD165 MNSO (09896.HK) | Overweight | HKD26 -> HKD16 CHINA RES BEER (00291.HK) | Overweight | HKD38 -> HKD34 BUD APAC (01876.HK) | Neutral | HKD7.9 -> HKD8.2 TSINGTAO BREW (00168.HK) | Overweight | HKD70 -> HKD67 ~ AASTOCKS Financial News Website: www.aastocks.com | |