HK's Xtep leads gains in sportswear stocks on upbeat broker comments

Xtep International Holdings

26/07/2018 03:48

** Xtep International Holdings Ltd  1368.HK  gains 4.2 pct
to HK$5.21, its highest in a week; leads rise in Chinese
sportswear stocks
    ** Jefferies says in a note it expects solid fundamentals
for Chinese sportswear brands with Xtep on recovery following
distributor destocking last year
    ** Raises target price on Xtep to HK$4.00 from HK$3.50
    ** Stocks of Anta Sports  2020.HK  rise 3.1 pct to HK$43,
highest since July 16; Li Ning  2331.HK  gains 2.6 pct to
HK$9.39, its highest since June 14
    ** Jefferies expects Anta Sports to outperform peers on
revenue growth, driven by strong FILA, and raises Li Ning's
target price to HK$10.5 from HK$9.8 amid margin expansion
    ** Hong Kong benchmark index  .HSI  eases 0.2 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)