Understanding the Market | TOPSPORTS rose over 9% in early trading, with new product plans from Nike expected to drive a business turnaround, as the company is highly dependent on Nike
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TOPSPORTS rose over 9% in early trading, and as of the time of writing, it has increased by 7.39%, priced at HKD 2.47, with a transaction volume of HKD 106 million. Nike has announced a new product plan, including a brand new road running shoe series and running apparel, aimed at meeting the needs of runners. Analysts believe that Nike's new product line will help improve its operating conditions and may bring benefits to TOPSPORTS and the related industry chain. However, TOPSPORTS still faces a decline in industry foot traffic and a high dependence on Nike, and a turnaround may take several months
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