China's ANTA Sports rises on solid retail sales value growth, rivals climb

Li Ning

18/04/2024 08:43

** Shares of China home grown sports group ANTA Sports
Products Ltd  2020.HK  rise 5.2% to HK$85.85, on track for their
biggest one-day rise since April 2
    ** Stock hit highest since April 12 on the second session of
gain; second-biggest gainer in Hang Seng China Enterprises Index
 .HSCE  and fourth biggest in Hang Seng Index  .HSI  and Hang
Seng Commerce & Industry Index  .HSNC  
    ** Co says Q1 retail sales value of its ANTA branded
products recorded mid-single digit positive growth YoY, FILA
branded products posted high-single digit positive growth YoY,
while all other branded products up 25-30% YoY 
    ** Smaller rivals Li Ning Co Ltd  2331.HK  climbs 0.6% and
Xtep  1368.HK  rises 1.8% 
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.6%,
Hang Seng China Enterprises Index  .HSCE  rises 1.1%, and Hang
Seng Index  .HSI  adds 1%
    ** Stock up 12.6% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))