【出版时间及名称】：2010年1月中国运动服装行业研究报告
        【作者】：建银国际
        【文件格式】：PDF
        【页数】：79
        【目录或简介】：
Table of Contents
Small is beautiful..........................................................................................................................................................1
Investment summary....................................................................................................................................................3
Second-tier brands will shine in 2010...........................................................................................................................4
Relative re-rating to continue.....................................................................................................................................10
Company profiles:
361 Degrees International (1361 HK, initiate with Outperform)..................................................................................13
ANTA Sports (2020 HK, initiate with Neutral)..............................................................................................................23
China Dongxiang (3818 HK, initiate with Neutral) ......................................................................................................32
Li Ning (2331 HK, initiate with Underperform) ............................................................................................................42
Peak Sport Products (1968 HK, initiate with Outperform) ..........................................................................................51
Xtep International (1368 HK, initiate with Outperform) ...............................................................................................61
Appendix 1: Operational and financial comparison ....................................................................................................71
Appendix 2: Sales and order book growth trends.......................................................................................................78