《大行》摩通對中國IP產業前景有信心 首選泡泡瑪特(09992.HK)及老鋪黃金(06181.HK)
摩根大通發表報告指,對中國IP產業的樂觀前景更有信心,其中泡泡瑪特(09992.HK)與老鋪黃金(06181.HK)為該行首選,評級「增持」。
該行表示,雖然大多數企業尚未見到顯著需求回升,但因提供價格親民的享受,以及創造即時的情感與社交連結,IP商品仍是今年表現最佳的消費品類之一。該行指大多數領先的IP公司目標在未來三年實現銷售與盈利複合年增長率(CAGR)35%以上,而大多數傳統公司僅能實現個位數銷售增長及輕微的利潤率改善。
該行對中國消費品市場的偏好按順序為:
1),泡泡瑪特(Pop Mart)與老鋪黃金(Laopu Gold)(強勁增長);
2),安踏(02020.HK)、蒙牛(02319.HK)、百勝中國(09987.HK)、青島啤酒(00168.HK)(600600.SH)(成熟藍籌);
3),康師傅(00322.HK)與統一企業(00322.HK)(股息收益率之選)。
該行在投資情緒調查上列出5大重點,1)63%的調查參與者認為中國消費者仍喜愛奢侈品;2)96%認為中國仍是全球前二重要的市場;3)83%看到市場從底部復甦的跡象;4)71%不同意當前對消費品公司而言線上比線下更重要;5)56%認為低線城市對增長的重要性高於高線城市。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.