Technology, Consumer Staples, Industrials Jun 08, 2022 09:14 AM (GMT+8) · EqualOcean
CITIC Securities pointed out that the depreciation of the RMB exchange rate is logically good for export enterprises that mainly settle in foreign currencies. According to the historical recovery, the depreciation of RMB exchange rate can improve the performance of household appliance export enterprises, and this round of depreciation is expected to significantly increase the performance. It is suggested to pay attention to three main investment lines: 1) stocks with high proportion of export business; 2) Individual stocks benefiting from domestic high-end consumption upgrading + brand going to sea bonus; 3) Self owned brand overseas enterprises with better track growth.