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<Research>Daiwa Lifts ANTA SPORTS TP to HKD117; 1H Earnings Beat
Recommend 2 Positive 3 Negative 1 |
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ANTA SPORTS (02020.HK)'s 1H25 revenue/ net profit exceeded market expectations by 1.5%/ 3.2%, Daiwa wrote in its research report. Consistent with their peers, ANTA SPORTS's management highlighted a slowdown in consumer demand, adjusting downward the full-year retail sales value growth guidance from high single digits to mid-single digits. However, the growth momentum of Descente and Kolon Sport was more robust than expected, partially offsetting the weakness of the core brand. Daiwa reiterated a Buy rating for ANTA SPORTS and raised its target price from HKD112 to HKD117. AAStocks Financial News |
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