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Could Benefit From Nike's Plan to Cut Wholesale in China -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2625618915","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2625618915?lang=en_us&edition=fundamental","pubTime":"2026-04-08 15:40","pubTimestamp":1775634000,"startTime":"0","endTime":"0","summary":"0740 GMT - Topsports' FY 2027 gross-profit margin could gain from Nike's plan to substantially reduce wholesale sales to the China market, say Citi analysts Xiaopo Wei and Vincent Young in a note. Supply of the U.S. athletic apparel maker's products in China is likely to significantly decrease in the coming quarters, based on the company's guidance, they say. They expect Nike to prioritize supply to Topsports, which is its number one retailer in China, over other retailers. The analysts anticipate Topsports to post FY 2026 results in line with expectations, as well as an industry-high dividend yield of around 9.0%. Citi opens a 30-day upside catalyst watch on the stock, while retaining its buy rating and HK$3.80 target price. The stock is up 7.1% at HK$2.73. 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At the time of writing, the stock was down 6.37% to HK$2.50, with a turnover of HK$24.776 million. 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