特步國際(1368) 收市價$5.63 評級：維持買入 目標價:$7.40 安踏體育(2020) 收市價$94.65 評級：維持買入 目標價:$108.08 市場回顧 中港股市短期展望 恒指上望 26,000 點：由於美國 5 月中旬押後對等關稅 90 天，內地上 半年經濟較預期中平穩，現階段加推經濟刺激方案的意願不大，企業盈 利改善有限。不過，港股大市成交活躍，風險偏好尚算積極，資金於不 同板塊輪動。中美將啟動新一輪貿易談判，同時美國與更多國家達成協 議，關稅戰局勢緩和，恒指料上望 26,000 點關口。 短期看好板塊 今日市場焦點 ➢ 歐洲央行議息； 港股早晨快訊 2025 年 7 月 24 日星期四 拜訪紀要 宏觀焦點 美財長：美中7月28日舉行新一輪談判 貿易戰休戰期或可延長； 媒體稱歐美接近達成協議、美將對歐盟徵15%關稅，白宮回應是 臆測； 發改委晤國企民企推動反內捲； 企業消息 金沙中國(1928)第二季經調整物業EBITDA按年升0.9%至5.66億 美元； 藥明生物(2269)料中期盈利增56%； 據報阿里(9988)本周發布首款自研AI眼鏡； 趙晞文 hayman.chiu@cinda.c ...

Core Viewpoint - Anta Sports (02020.HK) shows a bullish technical trend, with various indicators suggesting potential for continued price increases, supported by market optimism [1][2]. Technical Analysis - The current price of Anta Sports is HKD 95.6, which is above key moving averages (MA10: 94.77, MA30: 93.13, MA60: 91.5), indicating a positive short to medium-term trend [1]. - The first support level is at HKD 92.3 and the second at HKD 88.4, suggesting limited downside potential. Initial resistance is at HKD 98.8, with a higher resistance level at HKD 102.8 [1]. - The stock recently experienced a single-day increase of 1.76%, indicating active buying interest in the market [1]. Volatility and Momentum Indicators - Anta's 5-day volatility is 9%, reflecting active trading and supporting upward price momentum [2]. - The Relative Strength Index (RSI) is at 57, indicating a neutral to strong position without overheating, suggesting further upward potential [2]. - Technical indicators collectively signal a "strong buy" with a signal strength of 17 points, indicating a high-intensity bullish signal [2]. Derivative Products Performance - During the period from June 2 to 4, Anta Sports' stock price increased by 1.43%, with various derivative products showing different performances. Notably, the Societe Generale bull certificates (53978) and JPMorgan bull certificates (54458) recorded gains of 12% [4]. - Call options such as Huatai's (13440) and Macquarie's (15902) also showed positive performance, with increases of 6% and 5% respectively, reflecting stability in slightly fluctuating stock prices [4]. Investment Products Overview - Anta Sports offers a range of derivative products for investors, including call options with leverage ranging from 2.8x to 4.4x and bull certificates with leverage of 7x to 7.2x [7][8]. - Investors can choose from various products based on market expectations, considering factors such as leverage, exercise price, and premium [7]. Conclusion - Overall, Anta Sports exhibits strong technical advantages, with moving averages, momentum indicators, and market sentiment aligning to suggest potential for upward price challenges in the near term. Close attention should be paid to the resistance level at HKD 98.8 for potential breakout opportunities [1][2][4].