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<Research>CLSA: ANTA SPORTS/ PRADA/ SAMSONITE/ YUE YUEN IND Preferred Among CN Consumers as They Generally Defensive Upon US Tariff Impact
Compared with the US tariff policy in 2018, the “Trump 2.0 tariff” that may be implemented next year will have a wider coverage, and the global market will be affected,...
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<Research>CLSA: ANTA SPORTS/ PRADA/ SAMSONITE/ YUE YUEN IND Preferred Among CN Consumers as They Generally Defensive Upon US Tariff Impact
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Compared with the US tariff policy in 2018, the “Trump 2.0 tariff” that may be implemented next year will have a wider coverage, and the global market will be affected, CLSA released a research report saying.

Meanwhile, China's exports have become more diversified over the past 6 years, with less reliance on the US. Brands and OEMs have become more defensive than they were 5-6 years ago, and are believed to be better able to adapt to policy changes.

Related NewsCLSA Notices Rising Mkt Interest in CN 'New Consumer Stocks'; POP MART's TP Raised to HKD300
Under the potential impact of US tariffs, the broker listed ANTA SPORTS (02020.HK)  -1.700 (-1.790%)    Short selling $104.76M; Ratio 15.114%   , PRADA (01913.HK)  -2.250 (-4.578%)    Short selling $7.68M; Ratio 3.711%   , SAMSONITE (01910.HK)  -0.420 (-2.889%)    Short selling $25.02M; Ratio 41.213%   and YUE YUEN IND (00551.HK)  +0.120 (+1.060%)    Short selling $6.15M; Ratio 17.143%   as its top picks, which are generally considered to have good defensibility and are all rated at Outperform, with target prices of $108/ $68/ $22/ $21, respectively.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-13 16:25.)

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