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<Research>Daiwa: Many European Investors Still Intend to Add Positions in CN Consumers, Prefers SHENZHOU INTL, TECHTRONIC IND, Others
Despite the recent rise in the mainland China and Hong Kong stock markets, most European market investors remained skeptical on the sustainability of the uptrend due to the lack of...
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<Research>Daiwa: Many European Investors Still Intend to Add Positions in CN Consumers, Prefers SHENZHOU INTL, TECHTRONIC IND, Others
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Despite the recent rise in the mainland China and Hong Kong stock markets, most European market investors remained skeptical on the sustainability of the uptrend due to the lack of a real fundamental improvement in China's macroeconomy and consumer confidence, Daiwa issued a research report saying.

However, Daiwa believed that most investors are merely neutral on Chinese equities, and many of them are still interested in adding to positions in Chinese consumers.

Investors are most interested in sportswear brands, followed by electrical appliances and hotels, Daiwa said. For sportswear, Daiwa remained bullish on ANTA SPORTS (02020.HK)  -1.150 (-1.445%)    Short selling $220.07M; Ratio 32.053%   , as it believed that the stock has healthier inventory levels and better momentum amid the current consumption downgrade environment.

LI NING (02331.HK)  -0.580 (-3.567%)    Short selling $83.48M; Ratio 27.191%   still needs to broaden its brand appeal. Daiwa's top pick in sportswear sector is SHENZHOU INTL (02313.HK)  -0.800 (-1.294%)    Short selling $75.44M; Ratio 23.170%   .

Among Chinese consumers, Daiwa liked OEMs, home appliances and hotels, and would try to avoid restaurants and dairy companies. Daiwa's top picks are SHENZHOU INTL, TECHTRONIC IND (00669.HK)  -1.400 (-1.321%)    Short selling $72.78M; Ratio 22.908%   , HAIER SMARTHOME (06690.HK)  -0.300 (-1.113%)    Short selling $66.89M; Ratio 30.089%   , H World Group Limited (HTHT.US)      (01179.HK)  -0.450 (-1.619%)    Short selling $1.56M; Ratio 10.824%   and EASTROC BEVERAGE(605499.SH)  -5.820 (-2.650%)   .
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-11-22 16:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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