Stock Performance: Various companies listed, including H World Group and Pop Mart, showed positive stock movements, with H World-S increasing by 3.96% and Pop Mart by 2.04%.

Short Selling Data: Notable short selling activity was reported for Pop Mart and Wancheng Group, with ratios of 26.286% and 21.972%, respectively, indicating significant market speculation against these stocks.

China's Consumption Downturn: BofA Securities reports that China's consumption downturn has lasted nearly four years, aligning with historical trends, but the future remains uncertain due to ongoing pressures from employment, consumer confidence, and lack of stimulus policies.

Impact on Stock Prices: Despite the consumption challenges, BofA Securities believes that share prices may not be as negatively impacted, although they have lowered EPS forecasts for 15 Chinese consumer stocks and reduced their average target price.

Investment Recommendations: BofA Securities has initiated coverage on WANCHEN GROUP and identified top picks for 2026 that combine growth and yield, including HWORLD-S, POP MART, and YUM CHINA, among others.

Sector Ratings: The latest ratings and target prices for the consumer sector have been updated, with a focus on stocks that exhibit growth potential and high dividend yields amidst changing market conditions.

Daiwa's Research Report: Daiwa released a report highlighting updates from YUM CHINA, indicating ongoing confidence in their sales growth targets.

Sales Growth Targets: YUM CHINA's management aims for a same-store sales growth of 2% for KFC and 1% for Pizza Hut in the fourth quarter of 2025.

Short Selling Activity: The report notes a significant short selling amount of $79.99 million, with a ratio of 45.721%.

Market Response: YUM CHINA's stock showed a slight increase of 0.800 (+0.217%) following the report.