Goldman Sachs maintained a Buy rating on POU SHENG INT'L despite lowering the 12-month target price from HK$0.6 to HK$0.55. The adjustment in the target price and the slight change in net profit forecasts (from -3% to +2%) were made to reflect the company's 3Q25 results and the anticipated slowdown in revenue recovery in 2026. The analyst noted that the demand, promotional environment, and competition in China's sportswear industry were as challenging as expected, and management indicated that these conditions could persist into the following year.
