China's ANTA Sports hits all-time high on Credit Suisse upgrade

Xtep International Holdings

03/10/2019 07:57

** Chinese sportswear maker ANTA Sports Products Ltd
 2020.HK  rises as much as 3.5% to record high of HK$67.10
    ** Credit Suisse upgrades stock to "outperform" from
"neutral" and raises TP to HK$76 from HK$60
    ** Brokerage lifts its estimate for ANTA's earnings on
expectations of higher growth of co's fashion sports brand Fila
    ** Smaller rival Li Ning Co Ltd  2331.HK  surges 7% to
one-week high of HK$23.70 after two consecutive sessions of
losses
    ** CS maintains "buy" on Li Ning but raises target price to
HK$26.30 from HK$23.6, saying the firm's pricing momentum is
ahead of peers
    ** Shares of Xtep International  1368.HK  rise 4.9% to a
week high of HK$4.51 as brokerage upgrades it to "outperform"
from "neutral" amid recent pull back in share price; CS trims
Xtep's target price to HK$4.90 from HK$5.40 
    ** The Hang Seng China enterprises index  .HSCE  eases 0.4%,
and the benchmark index  .HSI  sldies 0.6%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)