Citi: Reiterates "Buy" Rating on Topsports (06110.HK) with Target Price of HK$1.7; First-Half Net Profit In Line with Expectations

Citi has issued a research report giving Topsports (06110.HK) a "Buy" rating with a target price of HK$1.7. Topsports' net profit for the first half of fiscal 2027, ended August, was broadly in line with the bank's expectations, while operating cash flow rose 36% year-on-year to RMB1.844 billion, equivalent to 2.8 times net profit, indicating continued strong earnings quality.