社区

** Shares of Chinese sportswear maker ANTA Sports Products Ltd fall as much as 8.2% to HK$157.10, mark their biggest daily percentage decline since March 2020

** Stock hit its lowest since July 27 and on track to snap two sessions of gains; the biggest percentage decliner on both Hang Seng Index and Hang Seng China Enterprises Index

** Fujian-based ANTA says its first-half net profit surged 131.6% to 3.84 bln yuan ($592.9 mln) from year-ago period, with revenue rising 55.5% to 22.81 bln yuan

** Brokerage CMB International maintains "buy" rating on ANTA, but trims TP to HK$210.85 from HK$212.74, saying 1H21 result was a slight beat and 2H21E may be dragged by higher operation expenses

** Citi says it prefers Li Ning to ANTA among Chinese domestic sportswear brands given Li Ning being included in the Hang Seng Index and ANTA will lose its appeal to investors as the only China sportswear name within HSI

** Daiwa reiterates "buy" on ANTA amid solid profitability, but sees risk from weaker-than-expected consumer sentiment

** The Hang Seng consumer goods and services index and the Hang Seng Composite Index both slip 0.1%

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

** As of last close, ANTA stock up 39.3% this year