Lates News

China Galaxy has issued a research report advising to continue focusing on investment opportunities brought by new product categories and new channels. It is expected that the recovery of traditional food and beverage industry will still be slow in the second half of 2025, while new consumption trends are likely to achieve excess returns. On one hand, the rapid growth of new product categories such as snacks and innovative soft drinks (functional beverages, health water, coconut water) is a contributing factor. On the other hand, changes in channels such as discount supermarkets, Sam's Club, and commercial superstores will benefit some baking and snack companies in the supply chain. In addition, contrary to market opinions, we believe that traditional consumption trends also have certain investment value. Low valuation, high dividends, and stable competitive landscape in segmented industries provide room for growth. Some companies in traditional industries are also actively seeking transformation.