Chinese consumer stocks that analysts like for their global potential

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

In a dismal year for most Chinese stocks, a few consumer names with growing international business have posted gains.

In a dismal year for most Chinese stocks, a few consumer names with growing international revenue have outperformed the market — and are forecast to climb further. Take, for example, U.S.-listed Miniso , up more than 140% so far this year. Through its network of brick-and-mortar stores, the company sells low-cost home goods and toys that are often co-branded with popular icons such as Barbie .

The analysts have an overweight rating on Xiaomi shares with a 15 Hong Kong dollar price target — up 11% from Friday's close. Also swiftly grabbing global smartphone market share thanks to a rebound in emerging markets is Shanghai-listed Transsion, the Morgan Stanley report said, noting the company had a 9% share — vying with Chinese smartphone brand Oppo for fourth-place worldwide.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines