0741 GMT - China's trade-in policy is likely to be extended to next year and the consumer sector should benefit from potential stimulus, HSBC Global Research analysts write in a note. In the recent December politburo meeting and the central economic work conference, policymakers highlighted the need to further boost domestic demand, without mentioning specific measures or hard numbers. Among stocks, HSBC Global Research prefers Midea, citing the government's trade-in program on home appliances. The team also names Man Wah as one of its top picks, as one of the biggest beneficiaries of trade-in subsidies and property market transitions. HSBC also prefers Wuliangye on potential support from from the upturn in macro and policy environments.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
December 18, 2024 02:41 ET (07:41 GMT)
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