国联消费研究团队2024年10月金股推荐

Investment Rating - The report maintains an "Outperform" rating for the home appliance sector [8]. Core Insights - The report highlights key stock recommendations across various sectors, including Haier Smart Home in home appliances, Yadea Holdings in light industry, Mindray Medical in pharmaceuticals, Luzhou Laojiao in food, Miniso in retail, and Haida Group in agriculture [4][10]. Summary by Sector Home Appliances - Haier Smart Home is recommended due to the implementation of provincial old-for-new policies, which are expected to boost demand starting from September. The company is anticipated to see steady revenue growth and improved operating efficiency, with projected EPS of 2.00 and 2.28 yuan for 2024 and 2025 respectively, leading to a "Buy" rating [13][20]. Light Industry - Yadea Holdings is favored as new national standards are established, and the old-for-new policy is expected to enhance industry demand. The company is positioned to improve its product pricing and market share, with projected EPS of 0.88 and 1.18 yuan for 2024 and 2025 respectively, receiving a "Buy" rating [14][20]. Pharmaceuticals - Mindray Medical is highlighted due to increased procurement demand for medical devices driven by the old-for-new policy. The company is expected to achieve significant revenue growth, with projected EPS of 11.51 and 13.83 yuan for 2024 and 2025 respectively, also earning a "Buy" rating [15][20]. Food - Luzhou Laojiao is expected to see stable growth in net profit margins and revenue, with a target EPS of 10.16 and 11.36 yuan for 2024 and 2025 respectively, leading to a "Buy" rating [17][20]. Retail - Miniso is recommended despite the impact of its acquisition of Yonghui on stock prices. The company is expected to maintain steady growth with projected EPS of 2.26 and 2.81 yuan for 2024 and 2025 respectively, maintaining a "Hold" rating [18][20]. Agriculture - Haida Group is favored due to recovering fish prices and improved demand in the livestock sector, with projected EPS of 2.46 and 2.94 yuan for 2024 and 2025 respectively, receiving a "Buy" rating [19][20].