An aerial view of Beijing, China
DuKai photographer | Moment | Getty Images
Goldman Sachs analysts have selected a number of fast-growing Chinese brands that younger consumers are willing to pay a premium for.
The bank compiled a list of its “hottest” stocks and recommended buying both established and emerging players.
After the Covid-19 outbreak, people in China are switching to healthier food and beverage brands, and Goldman’s “winners” will take advantage of the trend. Some of its recommendations will generate $ 1 billion in annual sales over the next three to five years, the bank estimates.
Goldman-rated stocks include: