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Nomura has listed a guide to the main stock names in the China market for next year in 'Da Hang'.
Nomura released its outlook report for the asia (excluding japan) market for next year, listing the weight proportions of Chinese stocks and the Hong Kong market in the firm's Asia-Pacific (excluding japan) portfolio, which are 30.6% and 3.3%, respectively. The report also includes a list of indicative stock ideas: Stock │ Weight proportion in the firm’s asia (excluding japan) market portfolio Tencent (00700.HK) │ 6% alibaba (09988.HK) │ 4.5% Anta (02020.HK) │ 3% BYD (01211
Major bank rating | Jianyin International: Maintains anta sports "outperform the market" rating. The old-for-new CB arrangement enhances capital reserves.
Grillgather December 2nd | Standard Chartered International released a report stating that anta sports plans to issue €1.5 billion zero-coupon convertible bonds due in 2029. The bank expects the group's net cash to increase to over 30 billion yuan by the end of this year, to maintain a 50% annual dividend payout ratio for the group, and to provide ample funding reserves for potential mergers and acquisitions. The bank mentioned that anta's sales performance during the National Day and November 11 shopping festivals was ideal, therefore it is expected that fourth-quarter sales will increase quarterly, with ANTAL, FILA, and other brands expected to grow in high single digits, remain flat, and increase by about 40% respectively. The bank believes that the group has a strong
CICC lowers Anta Sports (02020.HK) target price to 105 yuan, old-for-new convertible bond arrangement enhances capital reserve.
CICC International released a report stating that anta sports (02020.HK) plans to issue 1.5 billion euros in zero-coupon guaranteed convertible bonds due in 2029, with an initial conversion price of 104.0 yuan per share. The bank expects the group's net cash to increase to over 30 billion RMB by the end of this year to maintain a 50% annual dividend payout ratio for the group, and to provide ample funds for potential mergers and acquisitions. CICC International mentioned that anta performed well during the National Day and november 11 shopping festival-related sales events, so fourth-quarter sales are expected to grow quarterly, with ANTA, FILA, and other brands each expected to grow by a high single-digit percentage.
Research reports | CICC: Maintaining Anta's "outperform industry" rating. Management stated that they will strive for good profit growth for the whole year.
On November 28, 2023, Huagonghui reported that China International Capital Corporation stated that Anta plans to repurchase 1 billion euros of zero-coupon guaranteed convertible bonds maturing in 2025; and issue 1.5 billion euros of zero-coupon guaranteed convertible bonds maturing in 2029, for bond repurchase, share buybacks, and general corporate purposes. In addition, the report indicated that during the singles' day sales period, Anta Group's total transaction volume exceeded 11.1 billion yuan, continuing to rank first in the industry. Management noted that although the online return rate in the industry has increased, the company continues to achieve healthy growth under good discount control, with inventory remaining within a controllable range. The company will continue dynamic expense management, coupled with
Daiwa: Maintains a "buy" rating on Anta Sports (02020) with a target price of 108 Hong Kong dollars.
Daiwa expects that anta sports (02020) will resume share buyback after completing the new convertible bonds issuance.
Morgan Stanley lowered Anta Sports (02020.HK) target price to 104.02 yuan in "Big Bank", industry valuation fell.
CITIC Securities released a report indicating that Anta (02020.HK) plans to repurchase €1 billion zero-coupon secured convertible bonds maturing in 2025; and issue €1.5 billion zero-coupon secured convertible bonds maturing in 2029 for bond repurchase, share buyback, and general corporate purposes. Additionally, the report stated that during the Double Eleven period, Anta Group's total transaction volume exceeded 11.1 billion yuan, maintaining its position as the industry leader. Management mentioned that although the online return rate in the industry has increased, the company continues to achieve healthy growth under good discount control, and inventory remains within a controllable range. Although the retail environment has slightly...
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