Citigroup: Li & Fung International (02313.HK) is expected to have high single-digit growth in sales next year, "buy" rating with a target price of HK$94.

According to the Zhixin Finance APP, Citigroup released a research report stating that Nike (NKE.US) expects a low single-digit decline in revenue in the third quarter of the 2026 fiscal year, in line with market expectations of a 1% decline. In the second quarter performance, the North American market showed strong recovery with a 9% increase in revenue, mainly driven by a 24% growth in wholesale business, but this growth was largely offset by a 16% decline in revenue in the Greater China region. The bank believes that if the stock price of Anta International (02313.HK) experiences a pullback due to Nike's cautious outlook, it would be a better buying opportunity; the target price is set at 94 Hong Kong dollars with a "buy" rating.