CLSA released a research report highlighting opportunities in China's consumer sector, focusing on niche market growth and the recovery of high-end consumption driven by monetary policy easing, stock market improvements, and increased offshore financing. The report expects consumer sentiment and CPI data to remain stable, with companies poised to capitalize on market segmentation, global expansion, and the rebound in premium spending.

ANTA SPORTS (02020), YUE YUEN IND (00551), and SAMSONITE (01910) were named as top picks, with YUE YUEN IND's target price raised from HK$16 to HK$18. CLSA forecasts a 3%-4% year-on-year growth in China's sportswear retail sales next year, noting that major brands are optimizing retail channels and enhancing product innovation.

For the cosmetics sector, the report anticipates low-to-mid single-digit growth in 2025. In gold and jewelry, price fluctuations in the second half of 2025 may offset VAT cost pressures, but retail sales could still be impacted.

In the collectibles segment, POP MART (09992) may see its next catalyst from IP development beyond Labubu. Additionally, CLSA recommends monitoring profit improvements at LI NING (02331), Yingtong Holdings (06883), and China Tourism Group Duty Free (01880).