Goldman Sachs: Asia-Pacific confident in the buy list (select version) adding MAO GEPING (01318) and removing CHINA RES LAND (01109)

date
15:25 05/02/2026
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GMT Eight
The company expects Maogeping to continue outperforming the overall market, with estimated compound annual growth rates of 23% and 22% for sales and net profit, respectively, during the period from 2025 to 2027.
Goldman Sachs Group, Inc. released a research report listing the latest Asia-Pacific region "Conviction Buy" (Directors' Cut) list, with MAO GEPING (01318) being newly included. DISCO (6146.JP), CHINA RES LAND (01109), and Reliance Industries (RELIANCE.US) were removed from the list. The report indicates that although the overall cosmetics industry may face challenges in profitability due to the continuous rise in online customer acquisition costs, weakening channel transformation benefits, and increasing tax burden, it is expected that MAO GEPING will continue to outperform the market, with sales and net profit compound annual growth rates expected to reach 23% and 22%, respectively, during the period from 2025 to 2027.