On July 20, ANTA Sports rose 3.03% in regular trading, trading at HK$76.45/share, with turnover of HK$269 million.

On the news front, CICC issued a research report maintaining its Outperform rating on ANTA Sports with a target price of HK$110.91, implying approximately 50% upside from current levels. The broker maintained its EPS forecasts of RMB 4.98/5.37 for the current and next fiscal year, with the current share price corresponding to 13x/12x P/E respectively. The target price corresponds to 20x/18x P/E.

The catalyst follows the company's disclosure of Q2 operational data. ANTA brand retail sales achieved low single-digit year-over-year growth, FILA brand retail sales also recorded low single-digit growth, while other brands including Descente and Kolon Sport posted strong growth of 25-30%. Inventory health remains solid, with ANTA brand inventory-to-sales ratio at 5x, flat year-over-year. Offline discounts for mainline products deepened 1 percentage point to 73% of retail price, while online discounts remained stable at approximately 60%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)