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.
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