Bernstein rates six mainland Chinese stocks across consumer, auto, tech, and semiconductor sectors as Outperform with specific price targets.
Moutai targeted at CNY1,950, holds 94% market share, 80% EBIT margin, and aims 75% direct sales by 2026.
BYD price target RMB124, Q1 2026 volume down 30% YoY, but overseas sales up 96% and energy storage installs rise 14.6% YoY.
Luxshare, Piotech, AMEC and Sungrow receive bullish outlooks, citing AI growth, semiconductor innovations, and 40‑50% shipment expansion to >60 GWh.