---
title: "In \"The Big Banks,\" Citigroup pointed out that the overall performance of consumption in mainland China during the Spring Festival holiday is positive, benefiting preferred stocks including SAMSONITE and ANTA SPORTS"
description: "The Lyon Research Report pointed out that the overall performance of consumption in mainland China during the Spring Festival holiday is positive, with good enthusiasm for travel. The average daily pa"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276675888.md"
published_at: "2026-02-24T02:43:42.000Z"
---

# In "The Big Banks," Citigroup pointed out that the overall performance of consumption in mainland China during the Spring Festival holiday is positive, benefiting preferred stocks including SAMSONITE and ANTA SPORTS

> The Lyon Research Report pointed out that the overall performance of consumption in mainland China during the Spring Festival holiday is positive, with good enthusiasm for travel. The average daily passenger flow for cross-border tourism has increased by about 14% year-on-year. Consumption at Hainan duty-free shops remains resilient, but box office revenues have hit an eight-year low. Sales of gold and jewelry are affected by fluctuations in gold prices, with some luxury brands performing strongly. Lyon believes that the Spring Festival data leans towards strong travel and tourism, with high-end consumption performing well, recommending stocks such as SAMSONITE and ANTA SPORTS

The report from Citi Research indicates that while waiting for the Spring Festival data from the Ministry of Culture and Tourism of the mainland, data as of yesterday (23rd) shows that overall consumption in the mainland remains positive, with good enthusiasm for travel. In terms of cross-border tourism, the National Immigration Administration expects a year-on-year increase of about 14% in daily cross-border passenger flow. Consumption at Hainan duty-free shops remains resilient under stronger promotional activities and policy-driven incremental demand, but this has largely been reflected in the stock price of China Duty Free Group (01880.HK)(601888.SH). However, box office performance has been weak, setting a record low in eight years.

In addition, Citi's channel survey shows that gold and jewelry sales are still under pressure due to fluctuations in gold prices, while some luxury brands have performed strongly year-to-date. The bank believes that the Spring Festival data is more inclined towards strong travel and tourism, and that high-end consumption is performing well, which will benefit Citi's preferred stocks including: Samsonite (01910.HK), French luxury giant LVMH, and Cartier's parent company Richemont, as well as Anta Sports (02020.HK) related to domestic demand. Below are Citi's ratings and target prices for related consumer stocks:

Stock | Investment Rating | Target Price (HKD)

### Related Stocks

- [01910.HK - SAMSONITE](https://longbridge.com/en/quote/01910.HK.md)
- [02020.HK - ANTA SPORTS](https://longbridge.com/en/quote/02020.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.