中国银河证券：对消费行业2026年海外业务的发展持乐观观点

Core Viewpoint - The consumption industry should focus on the medium to long-term goals outlined in the "14th Five-Year Plan" and pay attention to consumption-related policies for 2026 [1] Group 1: Industry Outlook - The company holds an optimistic view on the development of overseas business in the consumption industry by 2026 [1] - There is a need to monitor the market style shift from high to low during this period [1] Group 2: Stock Recommendations - The focus should be on high dividend yield quality companies during the market style transition [1] - Companies with alpha in various sub-sectors of the consumption industry are also recommended for attention [1]