BOC International released a research report stating that ANTA SPORTS (02020) recorded a 14.5% year-on-year increase in adjusted net profit for the first half of the year, meeting expectations.

Management has raised its forecasts for Descente and Kolon brands. The firm believes that ANTA SPORTS' interim results demonstrate the group's successful execution of its multi-brand strategy, and expects that recent business developments related to Jack Wolfskin and Musinsa can serve as long-term growth catalysts for the company. The firm maintains its "Buy" rating on the company, raising the target price from HK$106 to HK$114.7.