HK Stock Market Move | Sports equipment stocks are all on the rise, with strong domestic support for the sports industry. The textile and clothing sector is expected to see a rebound opportunity.

Sports equipment stocks collectively rose. As of the time of reporting, POU SHENG INT'L (03813) rose by 8.47% to 0.64 Hong Kong dollars; TOPSPORTS (06110) rose by 7.3% to 3.97 Hong Kong dollars; LI NING (02331) rose by 4.84% to 18.64 Hong Kong dollars; ANTA SPORTS (02020) rose by 3.47% to 98.4 Hong Kong dollars; 361 DEGREES (01361) rose by 3.5% to 4.44 Hong Kong dollars. In terms of news, the government work report clearly states that expanding domestic demand and stimulating consumption are the primary tasks of the government's work by 2025. Galaxy Securities believes that under policy support, three major sectors are expected to benefit. 1. The domestic sports industry has strong policy support, the national concept of healthy consumption continues to rise, providing momentum for long-term growth in the sports apparel industry. At the same time, outdoor sports are gradually gaining popularity, driving more demand for outdoor scenarios, benefiting leading sports apparel companies. 2. Men's clothing has the characteristics of relatively rigid consumer attributes, with a certain consumption resilience, the industry structure continues to optimize, and the advantages of leading companies gradually emerge. It is expected that there will be some improvement under the empowerment of policies. CITIC SEC stated that with the gradual clarification of the consumption environment and policy expectations, the textile and apparel sector is expected to see a restorative opportunity in 2025. At the same time, under the uncertainty of the consumption environment in the past two years, some sub-sectors and leading companies are still actively seeking change. The bank suggests actively grasping the transformation of new retail formats; brand momentum entering an upward cycle; operational recovery driven by the recovery of the consumption environment; core strengths solidified; external disruptions such as tariffs gradually settled, and attractive dividend yields.