Citibank: Add ANTA SPORTS (02020) to the short-term watchlist for the next 30 days with a target price of 108.8 Hong Kong dollars.

Citigroup released a research report stating that ANTA SPORTS (02020) second-quarter retail sales met expectations, and in a challenging retail environment, inventory and discounting conditions were better than expected. The company will be added to the 30-day short-term observation list. Citigroup still views Anta as the preferred buy-in stock in the Chinese sportswear sector, as well as one of the preferred among the top ten consumer stocks in China. They believe the valuation is attractive and maintain a "buy" rating with a target price of 108.8 Hong Kong dollars.