Core Viewpoint - The Hang Seng Consumption Index (HSCGSI) has shown strong performance, with significant increases in constituent stocks and a notable rebound in the Hang Seng Consumption ETF (159699) since April 8, 2025, indicating a positive trend in the consumer market [1][2]. Group 1: Market Performance - As of June 24, 2025, the HSCGSI rose by 1.85%, with key stocks such as Gu Ming (01364) up by 8.09% and Yuyuan Group (00551) up by 4.56% [1]. - The Hang Seng Consumption ETF (159699) has rebounded over 13% since its low on April 8, 2025, and has a recent scale of 1.163 billion [1]. - The ETF's one-year net value increased by 19.19%, with a maximum monthly return of 22.30% since inception [1]. Group 2: Valuation Insights - The latest price-to-earnings ratio (PE-TTM) for the HSCGSI is 17.94, which is below the historical average of 18.54, indicating a low valuation compared to the past five years [2]. - The top ten weighted stocks in the HSCGSI account for 60.52% of the index, with Pop Mart (09992) having the highest weight at 10.74% [2]. Group 3: Consumer Market Trends - In the first five months of this year, the total retail sales of consumer goods reached 20.32 trillion yuan, growing by 5% year-on-year, with May's sales showing a 6.4% increase, the highest monthly growth since last year [2]. - New consumption trends driven by various sectors such as trendy toys, national trends in gold, pet economy, and new tea drinks are gaining traction, attracting significant institutional investment [3]. - Key investment opportunities are identified in seven main areas, including digital economy, self-care, emotional value consumption, health economy, convenience economy, alternative economy, and value-driven consumption [3].
5月份社会消费品零售总额增速创年内新高，恒生消费ETF(159699)盘中上涨1.40%，悦己消费、情绪价值消费被机构看好
Xin Lang Cai Jing·2025-06-24 06:00