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<Research>CLSA Notices Rising Mkt Interest in CN 'New Consumer Stocks'; POP MART's TP Raised to HKD300
Recommend 21 Positive 48 Negative 17 |
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According to CLSA's research report, the broker's China consumer goods research team visited several Chinese cities in May. Through in-depth studies of companies such as POP MART (09992.HK), LAOPU GOLD (06181.HK), and ANTA SPORTS (02020.HK), the team observed a growing investor interest in Chinese consumer goods companies. While consumer goods companies were becoming increasingly popular, CLSA pointed out that investors tended to focus on high-growth new consumer categories that cater to emotional value demands, such as IP businesses, gold jewelry, tourism, outdoor activities, and tea beverages. With its shopping mall survey showing that outdoor products, gold jewelry, and consumer electronics were standout categories, CLSA recommended keeping an eye on consumer goods IPOs in the Hong Kong market, steady-growth companies like ANTA SPORTS, high-growth companies like POP MART, and high-dividend companies like JNBY (03306.HK) and BOSIDENG (03998.HK). CLSA has updated its model for POP MART and raised its target price from HKD170 to HKD300. AAStocks Financial News |
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