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<Research>Jefferies More Optimistic on CN Sportswear Industry, Expects YTD Retail Sales to Rise 5%+
Recommend 8 Positive 9 Negative 4 |
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Jefferies released a research report expressing a more optimistic outlook for the Chinese sportswear industry. Despite encountering warm winter weather, retail sales during the Chinese New Year holiday might still have exceeded expectations, which the broker attributed to government subsidy support, changes in holiday dates, and the popularization of outdoor sports. In Jefferies' estimate, YTD retail sales will grow by more than 5% YoY, significantly accelerating from the flat performance in 4Q25, although discount rates will worsen compared to the same period last year. Jefferies gave ANTA SPORTS (02020.HK) a target price of HKD95 and a Hold rating. It also assigned a target price of HKD48 and a Buy rating to LI NING (02331.HK). AAStocks Financial News |
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