LAOPU GOLD (06181.HK)  +11.000 (+1.529%)    Short selling $16.67M; Ratio 7.151%   's 2024 results reported strong growth on the back of brand influence, the addition of high-end stores, and its "heritage gold" products, CLSA noted in its report.

Amid escalating competition in the market, LAOPU GOLD plans to increase its single-store productivity to RMB1 billion. CLSA estimated that the company, while facing future competitive pressure, may see its share price fluctuate after the shareholder lock-up period.

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CLSA's top picks for Chinese retail stocks are listed below along with investment ratings and target prices:

Stock | Investment Rating | Target Price
POP MART (09992.HK)  +3.900 (+2.012%)    Short selling $109.87M; Ratio 10.616%   | Outperform | $170
NONGFU SPRING (09633.HK)  +0.250 (+0.698%)    Short selling $44.03M; Ratio 39.047%   | Outperform | $45
ANTA SPORTS (02020.HK)  +0.950 (+1.033%)    Short selling $89.79M; Ratio 34.340%   | Outperform | $114
WH GROUP (00288.HK)  -0.030 (-0.432%)    Short selling $24.48M; Ratio 12.895%   | Outperform | $8.24
Yum China (YUMC.US)      | Outperform | US$56
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-02 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)