Goldman Sachs Adds MAO GEPING to Asia-Pacific Conviction Buy List, Removes CHINA RES LAND

Stock News
Feb 05

Goldman Sachs has released its latest Asia-Pacific "Directors' Cut" Conviction Buy list. The firm has added MAO GEPING (01318) to the selection. Simultaneously, DISCO (6146.JP), CHINA RES LAND (01109), and Reliance Industries (RELIANCE.US) have been removed from the list. According to the report, while the overall cosmetics industry may face profitability challenges due to rising online customer acquisition costs, diminishing benefits from channel transformation, and increased tax burdens, MAO GEPING is expected to continue outperforming the market. The report forecasts that the company will achieve compound annual growth rates of 23% for sales and 22% for net profit between 2025 and 2027.

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