Country Daily
China Automobile Weekly / China Consumer
Analyst
Key Indices
Top Stories
Sector Update | Automobile
Three recent launches – BYD Denza Z9S, Geely Galaxy all-new E5, and XPeng G9L – have attracted high market attention. Competition has shifted from the vehicle to the network, favouring big OEMs as scale matters. Lithium carbonate recovered to Rmb128,900/tonne; CATL began trial cell production in Hungary. Maintain MARKET WEIGHT. Top BUYs: BYD, Geely, CATL, and Minth. Top SELL: Li Auto.
Sector Update | Consumer
The 13-day holiday stretch is driving broad-based tourism demand, with domestic air ticket bookings up over 10% yoy. Hotel demand remains healthy, while Macau’s National Day occupancy is expected to exceed last year's level despite Mid-Autumn visitor arrivals tracking only around the 8M26 average. Baijiu demand remains weak, but Moutai and the mass-market segment continue to show relative resilience. Maintain OVERWEIGHT. Our top picks are Anta, Atour, Midea and YUM China in consumer discretionary, and Mengniu in consumer staples.
Top Stories
Sector Update | Automobile
Three recent launches – BYD Denza Z9S, Geely Galaxy all-new E5, and XPeng G9L – have attracted high market attention. Competition has shifted from the vehicle to the network, favouring big OEMs as scale matters. Lithium carbonate recovered to Rmb128,900/tonne; CATL began trial cell production in Hungary. Maintain MARKET WEIGHT. Top BUYs: BYD, Geely, CATL, and Minth. Top SELL: Li Auto.
Sector Update | Consumer
The 13-day holiday stretch is driving broad-based tourism demand, with domestic air ticket bookings up over 10% yoy. Hotel demand remains healthy, while Macau’s National Day occupancy is expected to exceed last year's level despite Mid-Autumn visitor arrivals tracking only around the 8M26 average. Baijiu demand remains weak, but Moutai and the mass-market segment continue to show relative resilience. Maintain OVERWEIGHT. Our top picks are Anta, Atour, Midea and YUM China in consumer discretionary, and Mengniu in consumer staples.
Analyst
Key Indices
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