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<Research>Macquarie Lists CN Equity Investment Portfolio Lists (Table)
Recommend
50
Positive
73
Negative
40
Stock│ Rating│ Target Price

(1) Consumption downgrade winner
BYD COMPANY (01211.HK)│Outperform│$160
MIDEA GP(000333.SZ)│Outperform│RMB103
POP MART (09992.HK)│Outperform│$223
Yum China(YUMC.US)│Outperform│US$52

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(2) Technology in-sourcing
XPENG-W (09868.HK)│Outperform│$93
BYD ELECTRONIC (00285.HK)│Outperform│$53.2 ENVICOOL(002837.SZ)│Outperform│RMB36.9
ASMPT (00522.HK)│Outperform│$68

(3) Advanced manufacturing
XIAOMI-W (01810.HK)│Outperform│$69.32
INOVANCE TECH(300124.SZ)│Outperform│RMB74.2
SUNNY OPTICAL (02382.HK)│Outperform│$112.7
SHUANGHUAN DRIVELINE(002472.SZ)│Outperform│RMB43.5

(4) Energy self-sufficiency
CATL (300750.SZ)│Outperform│RMB320
CNNC(601985.SH)│Outperform│RMB11.01
DONGFANG ELEC (01072.HK)│Outperform│$17.9
SINOPEC CORP (00386.HK)│Outperform│$5.1

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