Hong Kong Bears Pile Record Short Bets on China Consumer Stocks
- Bearish wagers in Tingyi, Want Want have risen to a record
- Consumption changing toward nutritional products: UOB Kay Hian
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Chinese consumer stocks are in the cross-hairs of Hong Kong’s short-sellers.
Bearish bets on Tingyi (Cayman Islands) Holding Corp. and Want Want China Holdings Ltd. soared to record highs since May, data compiled by IHS Markit Ltd. show. The instant noodles and snacks manufacturers, together with sanitary-napkin maker Hengan International Ltd., make up three of the four most-shorted stocks on Hong Kong’s benchmark index. Hengan this month spun off its food business into a separately listed unit that’s down 27 percent from its first close through Thursday.