GO
| HSI1 | 25,311.21 | -18.52 | 216.69B |
| HSCEI1 | 8,450.10 | -12.54 | 66.58B |
| Back Zoom + Zoom - Block Traded | |
|
2026-09-02 12:36:24 China's sportswear industry is entering a more challenging phase, JPMorgan opined in a research report. While 1H results were better than market concerns, retail momentum slowed in 2Q, and the performance gap among companies widened further. ANTA SPORTS (02020.HK) outshone, with sales/ core earnings growing 13%/ 13% respectively, markedly ahead of LI NING (02331.HK) (+3%/ +5%) and XTEP INT'L (01368.HK) (-1%/ -10%). The broker remained positive on the long-term structural growth of China's sportswear industry, backed by rising health awareness and policy support, but believed short-term share price returns will increasingly be driven by individual companies' execution capabilities. The industry is shifting from a broad-based recovery to execution-led opportunities. Against this backdrop, ANTA SPORTS remains the broker's top pick with an Overweight rating and TP of HKD130; LI NING was downgraded from Overweight to Neutral; and XTEP INT'L maintained its Overweight rating based on valuation considerations. ~ AASTOCKS Financial News Website: www.aastocks.com | |