0734 GMT - The extended Chinese new year holiday in 2026 and passenger traffic growth should benefit the food and hotel & travel sectors, HSBC analysts say in a note. They expect more pre-holiday food restocking in January compared to previous years given the relatively later holiday this year, which should boost the food industry's 1Q growth. HSBC likes Ninebot for its promising growth across business units and Wanchen group, given the later holiday, improving store sales and market attention on snack retailers ahead of rival Busy Ming's IPO. It also selects Huali Industrial and Jinjiang Hotels as its stock picks. More broadly, the bank expects continued trade-in subsidies in 2026 and more policies to support domestic demand in 2026.(jason.chau@wsj.com)
(END) Dow Jones Newswires
January 21, 2026 02:34 ET (07:34 GMT)
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