17 June 2025 | 12:48AM HKT China Beverages: Addressing key debates: Solid product cycle and earnings visibility despite rising competition; Scenario analysis on Our covered names in China Beverages, our most preferred subsector in the staples space, have rallied 19% YTD, outperforming vs. MSCI China staples index up 8%. Into 2Q25, we continue to prefer this sub-sector with growth scarcity, positive product cycle and solid earnings visibility amid continued cost benefits; however, we note rising investor con ...