HK-listed Li Ning hits record high on robust earnings outlook, domestic rivals soar

** Shares of China home-grown sportswear maker Li Ning Co Ltd surge 27.1% to their record high at HK$105, their biggest intraday percentage gain since listing in June 2004

** Stock is the third most actively traded by turnover and the fifth biggest gainer on the Hong Kong bourse

** Li Ning expects to record net profit of not less than 1.8 bln yuan ($278.7 mln) for six months ending in June versus 683.27 mln yuan profit a year earlier, thanks to an over 60% revenue growth and as operating margin improved

** Citi lifts TP to HK$100.50 from HK$65.30, saying Li Ning remains its "top buy" in China consumer discretionary and is confident in Li Ning's sales/margin outlook than other domestic sports brands amid competition against international brands

** CMB International maintains "buy" and lifts TP to HK$103.82 from HK$68.62

** Bigger rival ANTA Sports rises 5.7% to the record-high at HK$19.10, the biggest gainer in the Hang Seng Index

** Smaller rival Xtep International also jumps 12.8% to an all-time high at HK$15

** Consumer goods and services index rises 1.3%

** The Hang Seng China Enterprises Index eases 0.4%and the benchmark index slips 0.2%