0502 GMT - Anta Sports Products remains the Chinese sportswear name with the most solid fundamentals, even as the company cut its 2025 sales target for the second time, says Nomura's Jizhou Dong in a note. The lower target likely stems from a high base of comparison and Anta's focus on balancing sales, discount levels and inventory, he says. The company's more realistic target could bode well for long-term brand recognition and market leadership, given sluggish demand in the sector, he adds. Nonetheless, Nomura cuts its estimates for 2025-2027 sales by 1% to 5% due to a more cautious 2H outlook on Anta's core brand sales and its gross margin trend. Nomura trims its target price on the stock to HK$117.00 from HK$121.80 but maintains its buy rating. Shares fall 3.4% to HK$84.85. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 28, 2025 01:02 ET (05:02 GMT)
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