Hongkong's Stock Market Dropped Significantly By &Nbsp, While Anta Sports Was Flat At HK $6.54.

Hongkong stock market fell sharply today due to the US Economics Data and business performance are mixed. The Fed's brown paper shows that the outlook for economic growth is low, and the outlook for European debt is still unclear, dragging down overnight stocks, which has led the Asian Pacific stock market to drop by more than 1% today. After opening 111 points this morning, Hong Kong's Hang Seng Index maintained a unilateral downward trend, and it remained stable until the 500 point in the afternoon. The Hang Seng Index fell 326 points or 1.78% today, closing at 17983 points, while the state-owned enterprises index fell 252 points or 2.67%, and reported 9197 points.

Anta sports (2020.HK) was flat at HK $6.54; ICBC international rating of Anta sports (2020.HK) was lowered from buying to holding; in a tough business environment, Anta sold the same store in the third quarter. increase Slowing down and increasing retail discounts will shrink the scale of expansion in 2012, and the growth in the amount of orders should slow down. industry The outlook is uncertain, lowering Anta's 11-13 annual profit forecast 2-12% to reflect the decline in average price growth and the increase in advertising expenditure. Anta is considered to be a small number of high quality sports footwear and clothing enterprises, still giving higher valuations: earnings growth rate (PEG) is 0.6 times (0.7 times before), and the target price has been reduced from HK $12.7 to HK $7.3. problem Price competition is increasing, new store and brand new implementation risks and economic growth are expected to damage demand.