--- title: "Galaxy Securities: Focus on investment opportunities in the home furnishing, packaging, and paper industries" type: "News" locale: "en" url: "https://longbridge.com/en/news/223516206.md" description: "Galaxy Securities research report points out that future policies will support investment opportunities in areas such as home furnishings, packaging, and papermaking. Demand for home furnishings is expected to recover due to real estate policies and national subsidy discounts, with the national subsidy policy likely to continue until 2025. The competitive landscape of the packaging industry is optimizing, with significant potential for leading companies to increase market share. The papermaking industry is experiencing a short-term bottom recovery, and future policies may drive improvements in domestic demand. The light industry export business is accelerating expansion, with leading enterprises laying out overseas production capacity to cope with tariff impacts" datetime: "2024-12-30T00:26:32.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/223516206.md) - [en](https://longbridge.com/en/news/223516206.md) - [zh-HK](https://longbridge.com/zh-HK/news/223516206.md) generator: "portal-rs" --- # Galaxy Securities: Focus on investment opportunities in the home furnishing, packaging, and paper industries Galaxy Securities' research report points out that it is optimistic about the future policy implementation and its support for demand. Home consumption is expected to benefit directly, while paper and packaging will also benefit from downstream recovery. The growth of leading export businesses is prominent, and overseas production capacity is expected to hedge against future tariff impacts and achieve cost advantages for market share growth. 1) Home: Short-term demand recovery is highly certain. Home demand has significantly rebounded under the catalysis of real estate policies and national subsidies, and it is expected that the national subsidy policy will continue until 2025, with conditions likely to be further relaxed, driving demand improvement. At the same time, national subsidies are expected to lead to market concentration, with current leading companies' valuations at low levels. 2) Packaging: The competitive landscape is expected to continue optimizing. In 2024, downstream demand will remain stable, and leading companies will show resilience in performance. The packaging industry is fragmented, with a vast existing market and significant potential for leading companies to increase market share. In addition, there are incremental opportunities in various sub-sectors due to favorable policies/downstream industry factors, with paper packaging benefiting from national subsidies and overseas expansion, and metal packaging benefiting from increased downstream canning rates. 3) Paper: Short-term bottom recovery is observed, waiting for future cyclical upward trends. Overall supply and demand pressure is significant, with a reduction in finished paper supply from the pulp and paper sector in the fourth quarter, and a recovery in demand during the peak season for waste paper. The industry's prosperity is at the bottom and is rebounding. Some paper types are overall oversupplied, and there is certain pressure on the supply side. If policies drive improvements in domestic demand in the future, the paper industry is expected to enter a new upward cycle. 4) Light industry exports: Business expansion is accelerating, and leading companies have a leading capacity layout. Leading companies generally experience rapid revenue growth, laying out cross-border e-commerce to capture incremental space, while some companies' profits are temporarily affected by rising shipping costs. At the same time, leading companies' proactive layout of overseas production capacity will help mitigate future tariff impacts and achieve significant cost advantages, enhancing market share ### Related Stocks - [603863.CN](https://longbridge.com/en/quote/603863.CN.md) - [600567.CN](https://longbridge.com/en/quote/600567.CN.md) - [000815.CN](https://longbridge.com/en/quote/000815.CN.md) - [000488.CN](https://longbridge.com/en/quote/000488.CN.md) - [200488.CN](https://longbridge.com/en/quote/200488.CN.md) - [01812.HK](https://longbridge.com/en/quote/01812.HK.md) - [600308.CN](https://longbridge.com/en/quote/600308.CN.md) - [002701.CN](https://longbridge.com/en/quote/002701.CN.md) - [300769.CN](https://longbridge.com/en/quote/300769.CN.md) - [000785.CN](https://longbridge.com/en/quote/000785.CN.md) - [300616.CN](https://longbridge.com/en/quote/300616.CN.md) - [01470.HK](https://longbridge.com/en/quote/01470.HK.md) - [300057.CN](https://longbridge.com/en/quote/300057.CN.md) - [002846.CN](https://longbridge.com/en/quote/002846.CN.md) - [301376.CN](https://longbridge.com/en/quote/301376.CN.md) - [601968.CN](https://longbridge.com/en/quote/601968.CN.md) - [301005.CN](https://longbridge.com/en/quote/301005.CN.md) - [300382.CN](https://longbridge.com/en/quote/300382.CN.md) - [002611.CN](https://longbridge.com/en/quote/002611.CN.md) - [301357.CN](https://longbridge.com/en/quote/301357.CN.md) - [01528.HK](https://longbridge.com/en/quote/01528.HK.md) - [603833.CN](https://longbridge.com/en/quote/603833.CN.md) - [301062.CN](https://longbridge.com/en/quote/301062.CN.md) ## Related News & Research - [Hugoton Royalty Trust declares no August cash distribution for May 2026 production](https://longbridge.com/en/news/296632611.md) - [Guardian owner cuts off funding to Observer](https://longbridge.com/en/news/296678143.md) - [EXPLAINER-What El Niño's return means for the Panama Canal — and global trade](https://longbridge.com/en/news/296642578.md) - [08:15 ETNow's the Time: Late Summer Is the Best Season For Homebuyers to Score a Deal in These U.S. Metros](https://longbridge.com/en/news/296616885.md) - [Lithium Chile sale to China Union faces Canada national security review notice under Investment Canada Act](https://longbridge.com/en/news/296103579.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**