Galaxy Securities: Consumer sector focuses on high-dividend quality companies in the process of market style switching.

Galaxy Securities research report pointed out that the future correlation between the consumer sector and major online promotions such as Double Eleven will gradually decrease. The consumer industry needs to focus on the medium- and long-term goals of consumption in the "Fifteen-Five" plan; in the short term, it needs to pay attention to consumption-related policies in December 2025 for the year 2026. A optimistic view is held on the development of overseas business in the consumer industry in 2026. In terms of consumer stocks, it is recommended to focus on high-dividend quality companies during the market style switch process, as well as companies in various sub-sectors with alpha.