Not vested.
China
DJ MARKET TALK: China Drinks Sector Outlook Defensive -Taifook
1224 [Dow Jones] Taifook says secular growth story of China beverage sector to continue near-term, as consumption -- in particular juice drinks, bottled water -- should be fairly defensive in slowing economy.
"Affordability has improved over the years, given the significant increase in income levels, as have concerns over quality, while demand growth appears to be continuing."
Among HK-listed beverage firms, house favors Tianyi (0756.HK), as one of leading frozen concentrated orange juice (FCOJ) manufacturers that benefits from shortfall in domestic supply of FCOJ.
Also likes Tingyi (0322.HK), Want Want (0151.HK) and Uni President (0220.HK) given their aggressive expansion plans. Tianyi +3.0% at HK$2.41, Uni President flat at HK$3.93.
Source: Dow Jones Newswire