China Merchants slightly lowered the target price of Anta (02020.HK) to 100.8 yuan, with Amer's quarterly performance bringing positive effects.
China Merchants Securities released a report stating that Amer's quarterly performance had a positive impact. Contrary to the market's generally bearish view on Chinese consumer, Amer's sales in China increased by 56% this quarter. Management emphasized that the high-end and outdoor sports performance remains robust and is the fastest-growing segment. The brand still has ample room for growth, as its niche and specialization attract young, female, and even luxury goods shoppers. In the view of the bank, this further supports the shareholding rating for Anta, believing that its multi-brand portfolio's profitability resilience better withstands brand cycles (Fila's weak performance in the third quarter) and protects market share.
Goldman Sachs: Maintains a "buy" rating on ANTA Sports, with a target price of 111 Hong Kong dollars.
Goldman Sachs is encouraged by Amer Sports' performance, expecting a net profit of 0.448 billion yuan to be recorded from Amer Sports' joint ventures.
ANTA Sports Announces Amer Sports Q3 2024 Results
Right For Malaysia's Energy Transition To Include Nuclear
Express News | Anta established Qunli Sporting Goods Company in Xiamen, with a registered capital of 1 billion.
Shanxi: In October, the domestic social retail growth rate increased by 1.6 percentage points compared to the previous month, with high growth in cosmetics retail sales.
From January to October 2024, commodity retail sales increased by 3.2% year-on-year, while online retail sales of physical commodities rose by 8.3%, performing better than the overall commodity retail.