0626 GMT - There could be limited near-term catalysts for Chinese consumer stocks, Daiwa analysts say in a research note after China's weak November retail sales. Growing concerns about China's property market, sparked by Vanke's default risk, and the seemingly never-ending slide in property prices, have weighed on consumer sentiment. Consumer names with overseas exposure and/or benefits from the normalization of tariffs could see lower risks in the near term, the analysts say. Meanwhile, companies that could benefit from subsidies targeting the service sector could be more resilient, they say. Demand in the luxury sector seems to have stabilized, says Daiwa, which names Laopu Gold as its top pick. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

December 16, 2025 01:26 ET (06:26 GMT)

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