Goldman optimistic about China's sports market - sportstextiles: Lea SportsTextiles

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Goldman optimistic about China's sports market

17/05/2023
Goldman Sachs analysts in China have predicted that the income of domestic sporting goods stocks tracked by the investment bank could rise anywhere between 15% and 21% by year’s end.

The company based its findings, made public in China, on internal market research.

Goldman is most optimistic about market leader Anta, reports said, especially owing to its second-half product launches and strong marketing push, followed next by Li-Ning, primarily due to the competency of its leadership and long-term potential. Xtep rounded out this top three on account of still-high inventory and discounting levels.

Chinese sporting goods retailers Topsports and Pou Sheng also notably received buy ratings from the bank. 

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