JP Morgan lists recommended Chinese consumer concept stocks for the Lunar New Year (Table)

AASTOCKS
2026.02.10 04:55

JP Morgan released a report reiterating the bullish trade on Chinese consumption ahead of the Lunar New Year (February 15 to 23), estimating that the Renminbi will appreciate by 1.1% against the US dollar from the current level by 2026, and listing a preferred LNY consumption picks:

Stock│Investment Rating│Target Price

Tencent (00700.HK)│Overweight│HKD 750

LAOPU GOLD (06181.HK)│Overweight│HKD 1,296

MGM CHINA (02282.HK)│Overweight│HKD 18

TAL (TAL.US)│Overweight│USD 16

TRIP.COM-S (09961.HK)│Overweight│HKD 700

HAI TIAN (603288.SH)│Overweight│RMB 48

Moutai (600519.SH)│Overweight│RMB 1,930

MENGNIU DAIRY (02319.HK)│Overweight│HKD 20

WLY (000858.SZ)│Neutral│RMB 130

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