An aerial image of Beijing, China
DuKai photographer | Moment | Getty Images
Analysts at Goldman Sachs have picked a number of fast-growing Chinese brands that it says younger consumers are ready to pay a premium for.
The bank put together a list of its “hottest” stocks to watch and recommended buying both established and upcoming players.
After the Covid-19 outbreak, people in China are upgrading to healthier food and drink brands and Goldman’s “winners” are set to tap into the trend. Some of its picks are set to reach $1 billion in annual revenue in the next three to five years, the bank estimated.
Goldman’s buy-rated stocks include: