Sporting goods stocks had the highest gains. As of press release, Li Ning (02331) rose 6.65% to HK$21.65; Tep International (01368) rose 4.44% to HK$5.17; Anta Sports (02020) rose 4.18% to HK$81; and Taobo (06110) rose 2.8% to HK$5.5.
The Zhitong Finance App learned that sporting goods stocks had the highest gains. As of press release, Li Ning (02331) rose 6.65% to HK$21.65; TEP International (01368) rose 4.44% to HK$5.17; Anta Sports (02020) rose 4.18% to HK$81; and Taobo (06110) rose 2.8% to HK$5.5.
Guoxin Securities released a research report saying that since March, the A-share and Hong Kong stock textile and clothing sectors have performed better than the general market. The bank pointed out that it is related to improvements in capacity utilization and profit in 23Q4, the 2024 Yuyuan manufacturing order outlook for medium to high unit growth, and guidance on the continued increase in profit margins in the retail business of Baosheng International. At the same time, the company's brand customer Adidas issued better than expected results for FY23, and optimistic guidance for FY24.
According to the bank, manufacturing companies are showing a clear improvement trend, some brands are showing positive performance, and the annual reporting season focuses on outstanding performance and anticipated opportunities. After a weak recovery in the early stages and full adjustments, the valuation is in the bottom range. The focus is on recommending sports leaders such as Anta Sports, Li Ning, and Taobo, which have healthy operating indicators.