Lates News

Citibank Securities research report believes that the demand for mass consumer goods in the first half of 2025 is still not improving, and the overall ex-factory price per ton continues to decline year-on-year. Although demand is weak, the leading companies in each sub-sector have shown strong operational resilience, achieving growth against the trend and increasing market share in a weak environment. In terms of sub-sectors: 1) Dairy product demand is sluggish, but the marginal improvement in the supply and demand of raw milk has significantly reduced industry devaluation; 2) The ban on alcohol has led to fatigue in the demand of the restaurant supply chain, but leading businesses maintain growth and market share; 3) Differentiation in the snack industry intensifies in the second quarter, with some companies seizing the opportunity in the high demand for konjac with excellent performance in the industry fundamentals; 4) The beverage sector shows structural demand prosperity, with some companies maintaining good growth; 5) Incremental demand for health products is concentrated in online channels, with a slight improvement in business operations in the second quarter compared to the previous quarter.