Size matters in China food and bev, says Heather Hsu
The three-time winner of ASIAMONEY Brokers Poll's best consumer staple analyst award believes that China's largest food and beverage companies will continue to gain market share as a result of economies of scale.
In good times consumer staple companies tend to underperform. Producers of the necessities of life are by their very nature defensive investments.
But normal rules don’t always apply when these companies reside in fragmented industries, in the world’s manufacturing hub with an average of 10% annual growth.
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