Galaxy Securities Suggests POP MART as a Top Pick in Trendy Toy Market, Anticipates Continued National Subsidies from CN Next Year to Stimulate Consumption | Intellectia.AI
Galaxy Securities Suggests POP MART as a Top Pick in Trendy Toy Market, Anticipates Continued National Subsidies from CN Next Year to Stimulate Consumption
Written by Emily J. Thompson, Senior Investment Analyst
Implementation Plan for Consumer Goods: Six Chinese ministries have launched a plan to enhance the alignment of supply and demand in consumer goods, aiming to boost consumption amid pressures from insufficient purchasing power.
Government Subsidies: The Chinese government is allocating significant funds for trade-ins of old consumer goods, with RMB150 billion in 2024 and RMB300 billion in 2025, to stimulate short-term demand through national subsidies.
Retail Sales Growth: In October 2025, total retail sales of consumer goods increased by 2.9% year-on-year, although the growth rate showed a slight decline compared to the previous month, indicating ongoing challenges in the consumer market.
Stock Recommendations: China Galaxy Securities has recommended various stocks across sectors, including GUMING and DAMAI ENT in social services, ANTA SPORTS and XTEP INT'L in apparel, and TCL ELECTRONICS in technology, reflecting a focus on the new consumer track.
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.
