Citibank: Initiates a 30-day bullish observation period on TOPSPORTS (06110) with a "buy" rating.

Citibank released a research report stating that it will conduct a 30-day observation period for TOPSPORTS (06110) to identify potential catalysts for upward movement. It pointed out that Nike recently announced a major senior management adjustment, putting the brand president and regional leaders at the same level, with the aim of streamlining the structure. Citibank predicts that the Nike China leadership team will be able to obtain more global authorizations, greater operational flexibility, and richer brand resources in the future, which will drive the Chinese market business (accounting for approximately 50% to 60% of TOPSPORTS sales) to recover next year. Citibank gave TOPSPORTS a target price of 3.75 Hong Kong dollars and a rating of "buy".