---
title: "UBS raises TOPSPORTS target price to 4.06 yuan, rating \"Buy\""
description: "UBS raised the target price for TOPSPORTS to HKD 4.06, with a rating of \"Buy.\" The report noted that TOPSPORTS' revenue and net profit for the first half of the 2026 fiscal year decreased by 6% and 10"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262559132.md"
published_at: "2025-10-24T07:03:01.000Z"
---

# UBS raises TOPSPORTS target price to 4.06 yuan, rating "Buy"

> UBS raised the target price for TOPSPORTS to HKD 4.06, with a rating of "Buy." The report noted that TOPSPORTS' revenue and net profit for the first half of the 2026 fiscal year decreased by 6% and 10%, respectively, but net profit was better than market expectations. Management maintained guidance for flat net profit for the year, focusing on improving operational efficiency

UBS released a report indicating that TOPSPORTS (06110.HK) expects a year-on-year decline of 6% and 10% in revenue and net profit for the first half of the 2026 fiscal year, reaching RMB 12.299 billion and RMB 789 million, respectively. The net profit aligns with the bank's expectations but is better than the market's anticipated year-on-year decline of 16%, as the slight revenue drop was offset by higher gross margin improvement and reduced financial expenses.

The report states that TOPSPORTS management maintains guidance for flat net profit and improved net profit margin for the entire 2026 fiscal year, focusing on enhancing operational efficiency. The bank raised its target price from HKD 3.55 to HKD 4.06 and adjusted its net profit expectations for the 2026 to 2028 fiscal years upward by 0 to 5% to reflect the long-term recovery prospects of American brand partners. The rating is "Buy."

### Related Stocks

- [06110.HK - TOPSPORTS](https://longbridge.com/en/quote/06110.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.