Yamato: The Lunar New Year holiday spending performance is inspiring, with popular choices being Guming and Baisheng China.

Daiwa published a report stating that the consumer performance during the Lunar New Year holiday was inspiring, with strong demand for catering and tourism. It is suggested to prioritize the allocation of stocks benefiting from catering and tourism demand, with top choices being Guming, Yum China, Nongfu Spring, Master Kong, China Resources Beer, and Maotai. The firm continues to list Guming and Yum China as top picks in the catering industry, and points out that if the scope of catering recovery expands, the alcohol consumption recovery in catering establishments may outperform market concerns. The firm is also bullish on Nongfu Spring and Master Kong, as both will be key beneficiaries of strong domestic tourism demand.