China Hongxing Sports (BR9.SG) most active stock in market, +5.0% at $0.21, as RMB1 billion ($198 million) worth of orders secured at August trade fair in Xiamen fuels optimism over sportswear retailer's prospects, says Dow Jones.

Order value 12.6% higher vs August 2009. "Recent minimum wage hikes and improving distributors' sentiments (in China) have helped China Hongxing's order books to recover," says DMG, which has Buy call with $0.22 target.

Deutsche Bank opts to remain cautious, keeping Hold call, $0.13 target: “We continue to wait for more positive signs of improvement in the operating environment, the discontinuation of product discounts and normalization of the company's inventory levels.”

Product discounts for distributors, reduced consumer spending largely behind Hongxing's weak earnings in past quarters. 2Q10 net profit down 59.2% on year at RMB19.3 million. Delivery for latest orders due in 1Q11. Resistance eyed at $0.22 (Jan. 26 high).