Recently, The Fujian Sports Brand Was Short Selling Agency Accusing Swindlers Company Of Anta And XTEP Announcement.

Anta announced in June 14th that the report issued by GMT Research Limited contained some conjectures about the financial performance of the group.

The board strongly denied the speculation in the report, saying the speculation was not accurate and misleading.

On June 15th, XTEP announced in the HKEx announcement that all accusations implicated in the existence of corporate fraud in the company's GMT Research Limited report were untrue, unfounded and misleading. The company strictly complied with applicable laws and regulations and operated its business without committing any fraud.

Anta announced last night that the report issued by GMT Research Limited contained some conjectures about the financial performance of the group.

The board strongly denied the speculation in the report, saying the speculation was not accurate and misleading.

Short selling agency GMT Research recently issued a short selling report, targeting the Chinese sporting goods manufacturer.

9 of the 16 Chinese sporting goods manufacturers listed in 2005 were involved in fraud, and they all came from Fujian, the report said.

It is worth mentioning that apart from the companies involved in fraud, the remaining 7 well-known brands including Anta, XTEP and 31st degree are also involved in sharing fraudulent information, and they also come from the same source.

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In addition, Anta, XTEP and 31st degree, GMT Research believe that these companies have false profits. The report points out that the price of these companies is only two times higher than that of the international brand under the condition of only international brand 1/4.

Like Anta FY17, its profit margin ranked third among all sports company products.

Although these companies have their own explanation for high profit margins, GMT Research does not consider it convincing.

From June 14th to July 15th, the 2018 World Cup soccer games will be held in Russia, and 12 of the 11 cities will be held in the stadium, and the 32 will compete in the "great spirit Cup".

However, according to past experience, when the World Cup comes, the stock market often faces the "Curse of the World Cup".

When traders and investors are attracted to the world cup, they often bring about a decline in stock market volatility. During the period, Hong Kong stocks, U.S. stocks and European stock markets mostly fell more or less.

By comparing the ten stock indexes, the securities analysts found that the number of stocks fell slightly more than the number of times before and after the last 6 world cups: 45.28% rose and 54.72% fell during the competition; 43.14% rose and 56.86% decreased one month before the competition; 47.17% rose in the first month after the competition and 52.83% fell.