CMBI's Rating and Outlook: CMBI has assigned an Equalweight rating to China's discretionary consumption sector for 2026, predicting retail sales growth of about 3.5%, influenced by various economic headwinds and a cautious outlook.
Positive Factors and Stock Performance: Despite challenges, factors like the delayed Spring Festival and a recovering real estate sector may support stock prices, with expectations of pressure in the first half of 2026 and potential rebounds in the second half.
Investment Preferences: CMBI categorizes investments into survival, compensatory, and hedging/defensive consumption, recommending companies in these areas, such as LEPU BIO-B and YUM CHINA, all rated as Buy.
Large-Scale Consumption Outlook: The broker is less optimistic about large-scale consumption sectors, although favorable market conditions could enhance their performance, with companies like HAIER SMARTHOME and MIDEA GROUP also rated as Buy.
Wall Street analysts forecast 00300 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00300 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00300 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00300 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 84.600
Low
Averages
High
Current: 84.600
Low
Averages
High
Goldman Sachs
Goldman Sachs
maintain
$103
Al Analysis
2025-12-19
Reason
Goldman Sachs
Goldman Sachs
Price Target
$103
Al Analysis
2025-12-19
maintain
Reason
The analyst rating from Goldman Sachs is based on the expectation that despite the current slowdown in China's appliance market, there may be improvement in 2026 due to the likely continuation of the consumer good trade-in policy. This outlook leads Goldman Sachs to maintain a bullish stance on MIDEA GROUP and HISENSE HA, both of which hold a Buy rating. The report highlights the challenges faced in November, including a significant year-over-year decline in retail sales and factory shipments, but suggests that the long-term prospects could be more favorable.
CMBI
CMBI
Equalweight
maintain
2025-12-12
Reason
CMBI
CMBI
Price Target
2025-12-12
maintain
Equalweight
Reason
CMBI has issued an Equalweight rating for China's 2026 discretionary consumption sector due to a cautious outlook influenced by several headwinds. These include the retreat of national and delivery subsidies, a slowdown in export momentum, and job reductions linked to the widespread application of AI. While the broker anticipates overall retail sales growth to be around 3.5%, slightly slower than the previous year's 4%, they also recognize some positive factors such as the delayed Spring Festival, extended holidays, potential recovery in the real estate sector, and a thriving stock market. However, they expect stock prices in the discretionary consumption sector to face pressure in the first half of 2026, with a potential rebound in the second half. The report categorizes investment opportunities into different types of consumption, favoring survival, compensatory, and hedging/defensive consumption, while being less optimistic about large-scale consumption.
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HSBC Global Research
Buy
maintain
$109
2025-10-02
Reason
HSBC Global Research
Price Target
$109
2025-10-02
maintain
Buy
Reason
The analyst rating from HSBC Global Research is a "Buy" due to MIDEA GROUP's optimistic outlook for its 2H25 results, with expectations of double-digit revenue growth for the full year. The analysts anticipate a 10% year-over-year increase in 3Q25 revenue and mid to high single-digit growth in net profit, despite losses from acquisitions in 1H25. Excluding those acquisitions, the net profit growth is expected to outpace revenue growth, reinforcing the positive outlook and justifying the target price of HKD109.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
