BUZZ-China sportwear group 361 Degrees climbs on upbeat earnings forecast

Reuters02-05

** Shares of China's sporting goods and apparel maker 361 Degrees International Ltd climb 3.5% to HK$3.59, on course for the biggest one-day pct gain since Jan 24

** Fujian-based co expects its 2023 net profit to increase by not less than 25% YoY as performance improved on new, high-value products, favourable retail environment and strengthening credit management on distributors

** Hang Seng Consumption Index slips 0.3% while Hang Seng Commerce & Industry Index gains 0.3% and Hang Seng Index adds 0.1%

** Bigger rivals climb, with ANTA Sports and Li Ning Co Ltd both up 1.7%

** Stock of 361 Degrees up 2.9% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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