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Hong Kong stocks fluctuate | CSI SWS Food & Beverage index rises as market risk appetite declines and domestic demand expectations boost, Institutions indicate the configuration value of food and beverage is prominent.
The CSI SWS Food & Beverage stocks are rising. As of the time of writing, ZHOU HEI YA (01458) is up 7.39%, priced at 2.47 HKD; China Resources Beverages (02460) is up 5.09%, priced at 14.86 HKD; and Weilang Delicacies (09985) is up 5.05%, priced at 17.06 HKD.
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[Brokerage Focus] China Merchants: China's domestic consumer demand can become a current safe haven choice for global funds.
Golden Financial News | China Merchants pointed out that the increase in tariffs has temporarily reduced the risk appetite for Global risk Assets and triggered liquidity shocks, which have adversely affected A-shares. In an environment of increased uncertainty and low interest rates, China’s domestic Consumer spending, due to previous stagnation and cheap valuations, could become a safe haven for current Global funds. Analyst Zhang Xia and others stated in a report that for China, the decline in exports to the US and the slowdown in Global demand will drag down export growth, making comprehensive support for domestic Consumer spending a key measure to achieve this year's economic development goals and respond to external shocks. It is expected that fiscal policy efforts will ramp up, as Real Estate stabilizes.
Goldman Sachs: Remains Bullish on the Chinese stock market, overweight on China (Listed in Hong Kong and A-shares), Japan, and Singapore.
In the short term, people may focus again on high dividend/shareholder return assets, domestic demand, and safe-haven Gold assets. Consumer Analysts reaffirm their positive outlook on Kweichow Moutai and BUD APAC.
Earnings Update: Here's Why Analysts Just Lifted Their Tingyi (Cayman Islands) Holding Corp. (HKG:322) Price Target To HK$13.46
