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Stock impact report

JPMorgan says it's finally time to buy the Chinese consumer recovery [CNBC]

TAL Education Group American Depositary Shares (TAL) 
Last tal education group american depositary shares earnings: 7/25 04:00 am Check Earnings Report
Company Research Source: CNBC
BEIJING — JPMorgan has called the bottom in the Chinese consumer slump, and the firm says now it's time to buy. Chinese consumers have been reluctant to spend since the Covid-19 pandemic. Retail sales rose by just 3.5% last year , less than half the average of 9.7% in the years 2015 to 2019. But on March 26, JPMorgan's China equity strategists upgraded consumer discretionary stocks to overweight from neutral. While tariffs and tensions with the U.S. may dent sentiment, the strategists expect Beijing may ramp up consumer stimulus following high-level policy calls to do so. In the meantime, “our analytics show that China's business cycle for consumption has been bottoming out,” JPMorgan's chief Asia and China equity strategist Wendy Liu and a team said in the report. They pointed out drivers such as recent trade-in policies, stabilizing stock and property prices , and moderating deflationary pressure due to base effects. The latest earnings results from Chinese companies signal some rec Show less Read more
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