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<Research>CLSA Lists ANTA SPORTS/ YUE YUEN IND/ SAMSONITE as Top Picks Among Consumers
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CLSA issued a research report forecasting that China's consumption sector will focus on development opportunities in niche sectors, and the high-end consumption market will benefit from monetary policy easing, stock market improvement and increased offshore financing recovery progress.

It is expected that consumption sentiment and CPI data will remain moderate, while companies will seize more opportunities for large-scale niche market, globalization expansion and high-end consumption recovery.

Related NewsBOCI Lifts CHOW TAI FOOK's TP to HKD18.1; 2FH Outlook More Optimistic
The broker listed ANTA SPORTS (02020.HK), YUE YUEN IND (00551.HK) and SAMSONITE (01910.HK) as its 3 top picks, with YUE YUEN IND's target price lifted from $16 to $18.

In the art toy sector, CLSA cut its target price for POP MART (09992.HK) to $303, believing the next catalyst may come from IP development apart from Labubu.

Moreover, CLSA suggested investors to pay attention to the earnings improvement of LI NING (02331.HK), ETERNAL BEAUTY (06883.HK) and CTG DUTY-FREE (01880.HK).

Related NewsJPM Expects MSCI China/ Hong Kong Indices to Rise Further Next Yr, Recommends 4 Major Themes Like 'Anti-involution' Acceleration/ Strong AI Capex

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