China Consumer Strategy_Nov retail sales up 3%, behind consensus of 5%; suggest a balanced stock portfolio
China Securities·2024-12-19 16:37
This material is neither intended to be distributed to Mainland China investors nor to provide securities investment consultancy services within the territory of Mainland China. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. backdrop). Our top-picks for China consumer industry: Haier, Midea, YUMC, Anta, Tsingtao (H) and CRB. China Nov offline retail sales were up 6.1% yoy, while online went down by 2.7% yoy, due to the early start ...