While China's cultural and tourism bureau still hasn't released data for the Chinese New Year (CNY) holiday, available data as of yesterday (23rd) shows that the overall spending in China remained positive, while tourism and travel intensity held up well, CLSA wrote in its research report.

Specifically, Hainan duty-free spending indicated resilience amid stronger promotions and policy-driven incremental demand, though it had already been largely factored in CTG DUTY-FREE (01880.HK)  +0.100 (+0.150%)    Short selling $3.82M; Ratio 15.531%   (601888.SH)  -1.080 (-1.543%)   's share price.

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In CLSA's opinion, the CNY data pointed to robust travel and tourism intensity, while high-end spending was in good shape, tailwinds that will support the broker's top picks, including SAMSONITE (01910.HK)  -0.370 (-2.436%)    Short selling $8.09M; Ratio 67.055%   and domestic-demand-exposed ANTA SPORTS (02020.HK)  +2.500 (+3.203%)    Short selling $311.87M; Ratio 114.937%   .

Stock | Rating | Target price (HKD)
ANTA SPORTS (02020.HK)  +2.500 (+3.203%)    Short selling $311.87M; Ratio 114.937%   | Outperform | 110
SAMSONITE (01910.HK)  -0.370 (-2.436%)    Short selling $8.09M; Ratio 67.055%   | High-Conviction Outperform | 22
CHOW TAI FOOK (01929.HK)  -0.040 (-0.356%)    Short selling $44.30M; Ratio 115.462%   | Hold | 14.2
POP MART (09992.HK)  -3.500 (-2.409%)    Short selling $482.43M; Ratio 41.736%   | Outperform | 303
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.) (A Shares quote is delayed for at least 15 mins.)

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