Despite geopolitical tensions and escalating tariff risks, China is further solidifying its dominant position as a global leader in merchandise, BOCI opined in its research report.

With Chinese-designed products having achieved greater success in both domestic and overseas markets, China has pushed itself beyond a manufacturing role, and Chinese IPs have captured the attention of consumers worldwide.

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Accordingly, BOCI held a more optimistic outlook on Chinese consumer goods companies, particularly retailers focused on toy and leisure products. The broker estimated that overseas markets might serve as long-term catalysts, and investors' gradual recognition of this would help support valuations.

BOCI initiated a Buy rating on MNSO (09896.HK)  -0.850 (-2.332%)    Short selling $34.32M; Ratio 15.886%   and BLOKS (00325.HK)  -2.600 (-1.442%)    Short selling $73.35M; Ratio 17.996%   with target prices of HKD51.6 and HKD174.1 respectively. It also set its target price for POP MART (09992.HK)  -3.000 (-1.112%)    Short selling $863.07M; Ratio 11.993%   at HKD192.1 and gave it a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-12 16:25.)