China's ANTA Sports surges on strong Q4 sales, smaller rivals climb

Xtep International Holdings

09/01/2025 02:09

** ANTA Sports Products  2020.HK  surge 5.2% to HK$79.20,
set for biggest one-day pct gain since Dec 9
    ** Stock is the third-biggest pct gainer in Hang Seng Index
 .HSI , which adds 0.2%
    ** Chinese sportswear group says Q4 retail sales value of
ANTA- and FILA-branded products record high-single digit growth
    ** For 2024, retail sales value of ANTA products in
high-single digits and FILA-branded products in mid-single digit
    ** Says retail sales value of all other branded products
recorded 50-55% growth in Q4, 40-45% growth in 2024
    ** Nomura keeps "buy", saying sales regained momentum in Q4 
    ** Citi stays "neutral" amid in-line 4Q retail sales 
    ** Smaller rival Xtep  1368.HK  up 2% after core Xtep brand
posts high single digit growth in Q4 retail sell-through
    ** Li Ning  2331.HK  adds 0.9%   
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.3%
and Hang Seng Consumption Index  .HSCGSI  climbs 0.7%

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