Sportswear stocks are leading the gains, with Topsports International Holdings Ltd (HKEX: 06110) rising 5.45% to HK$1.16 as of press time; ANTA Sports Products Ltd (HKEX: 02020) up 4.76% to HK$74.85; Li Ning Co., Ltd (HKEX: 02331) up 4.14% to HK$13.83; and 361 Degrees International Ltd (HKEX: 01361) up 2.75% to HK$4.67.
On the news front, ANTA recently released its operating data for the third quarter of 2026. During the period, the group maintained steady overall retail sell-through, supported by its mature multi-brand matrix and precise operational strategies. SPDBI believes that entering the fourth quarter, as Double 11 and Double 12 provide consumer catalysts, combined with continued rapid growth in the outdoor segment and marginal recovery of the main brand and FILA, ANTA's Q4 retail sell-through is expected to outperform Q3, and the full-year target remains achievable.
According to a research report from Shenwan Hongyuan, both ANTA's main brand and FILA brand resumed decent growth during the National Day holiday, and all brands are expected to deliver solid performance in Q4, driven by e-commerce promotions and the earlier timing of the Spring Festival. GF Securities also stated that it recommends paying attention to leading sportswear retail companies such as ANTA Sports Products Ltd (HKEX: 02020), Li Ning Co., Ltd (HKEX: 02331), 361 Degrees International Ltd (HKEX: 01361), and Xtep International Holdings Ltd (HKEX: 01368). The sportswear and footwear industry has a large market space and is expected to maintain steady long-term growth, while leading sportswear and footwear companies have strong competitiveness and are expected to continue increasing their market share.
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