ANTA SPORTS (02020) Q4 Sales Expected to Recover, Receives "Buy" Rating

Stock News
Sep 24

According to Zhitong Finance APP, a research report indicates that ANTA SPORTS (02020), as a leading domestic sports goods enterprise, is expected to continue benefiting from national policies promoting high-quality development of the sports industry and the release of consumer potential. The report expresses optimism about the company's multi-brand strategy and product innovation advantages, believing that the company can generate new growth momentum through optimizing its product portfolio and brand acquisitions. The report notes that ANTA's management continues to maintain unchanged operating profit margin targets, with positive full-year sales growth guidance. Q4 sales conditions are expected to improve, resulting in a "Buy" rating with a target price of HK$114. The current full-year earnings per share forecast stands at RMB 4.85.

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