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<Research>Citi Mildly Trims TOPSPORTS TP to HKD3.75 w/ Lower Earnings Forecasts
Citi has released a report forecasting that TOPSPORTS (06110.HK) would rebuild its multi-brand portfolio because of a slowdown in sales of its major brands (Nike/Adidas).Despite ad...
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<Research>Citi Mildly Trims TOPSPORTS TP to HKD3.75 w/ Lower Earnings Forecasts
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Citi has released a report forecasting that TOPSPORTS (06110.HK)  -0.010 (-0.353%)    Short selling $7.36M; Ratio 16.767%   would rebuild its multi-brand portfolio because of a slowdown in sales of its major brands (Nike/Adidas).

Despite adopting a cautious approach to pre-orders for major brands in 2H25, the company has actively added globally renowned brands in high-growth categories, including the running brand Soar and premium outdoor sports brand Norrona added in May.

Citi revised down its FY26-27 net profit forecasts for TOPSPORTS by 2% and 3%, respectively. It also cut its target price from HKD3.8 to HKD3.75, with a Buy rating remaining in place.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-13 16:25.)

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