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<Research>Citi Tweaks Up TOPSPORTS TP to HKD3.8 w/ Rating Buy, But Cuts FY27-28 Earnings Forecasts
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According to a report from Citi, although the broker kept its sales and net profit forecasts for TOPSPORTS (06110.HK) for the fiscal year ending February 2026 unchanged, it reduced its FY27-28 net profit forecasts by 5% and 7% respectively, based on sales forecast reductions of 2% and 3% to reflect expectations for 2026. Citi has slightly raised its target price for TOPSPORTS from HKD3.75 to HKD3.8 and maintained its rating as Buy. In the Chinese sports apparel sector, its pecking order is: ANTA SPORTS (02020.HK) > TOPSPORTS > LI NING (02331.HK), all rated as Buy. AAStocks Financial News |
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