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<Research>Citi Expects ANTA SPORTS, TOPSPORTS to Benefit from Amer's Upgraded 3Q Earnings Guidance
Recommend 7 Positive 16 Negative 2 |
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Amer Sports (AS.US), a US-listed sports goods company owning brands like Arc'teryx, Salomon, Wilson, and Atomic, has raised its earnings guidance for 3Q25, expecting sales to achieve a high-20s percentage growth YoY (previously around 20%) and the operating profit margin to exceed 13% (previously guided at 12-13%), according to a Citi report. The broker saw it as signaling continued strong performance in outdoor and trail running product lines, particularly in the Chinese market. Amer Sports' upgraded 3Q25 guidance could serve as a positive implication for ANTA SPORTS (02020.HK), which, according to its interim report, held a 39.49% stake in Amer Sports as of the end of June this year, and TOPSPORTS (06110.HK). Both companies have been actively expanding their outdoor and running product lines in recent years. Citi kept a Buy rating on ANTA SPORTS with a target price of HKD111.6. TOPSPORTS' rating was also maintained at Buy. AAStocks Financial News |
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