Huatai Securities: consumption is getting warmer and pay attention to structural opportunities and affordable business

[Huatai Securities: warmer consumption pays attention to structural opportunities and affordable Business] the Huatai Securities Research report said that China's CPI rose 0.2% in May from a year earlier, slightly higher than the 0.1% year-on-year growth rate in April. The recovery of CPI prices and the active performance of the 618 e-commerce platform confirm that consumption is still recovering, but in view of the limited improvement of CPI and the differentiation of goods and services, we recommend paying attention to the structural opportunities under the steady recovery of consumption, including makeup, jewelry, white TV, as well as affordable consumption, such as affordable catering, tourism and discounted retail.