Citibank: Initiates a 30-day positive catalyst observation on Anta Sports and Li-Ning, maintains "buy" rating.

Citibank has released a research report, initiating a 30-day positive catalytic observation on Anta Sports and Li-Ning. The main catalytic factor is that Anta and Li-Ning may seize the market share of Nike in China, bringing positive market sentiment. According to reports from Toutiao and Nike's website, Nike will terminate most of its online distribution business with Chinese retailers starting from January 2027, shifting towards an online direct-to-consumer (DTC) strategy. This is expected to lead to a loss of market share for Nike in China in the future, and have a positive impact on local Chinese brands and competitors. The bank maintains a "buy" rating for Anta and Li-Ning, with target prices of 108.8 Hong Kong dollars and 22.8 Hong Kong dollars respectively, also listing them as part of the bank's top 10 attractive large Chinese consumer stocks.