Anta Sports Products' Superstores Could Drive Growth -- Market Talk

Dow Jones

2024/10/14

0547 GMT - Anta Sports Products is poised to drive growth through its new superstores, China Galaxy International says in a research report as it maintains the stock's add rating. The Chinese sports-equipment company launched its first "Super Anta" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 01:47 ET (05:47 GMT)

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The Chinese sports-equipment company launched its first \"Super Anta\" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 14, 2024 01:47 ET (05:47 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anta Sports Products' Superstores Could Drive Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnta Sports Products' Superstores Could Drive Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-14 13:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0547 GMT - Anta Sports Products is poised to drive growth through its new superstores, China Galaxy International says in a research report as it maintains the stock's add rating. The Chinese sports-equipment company launched its first \"Super Anta\" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 14, 2024 01:47 ET (05:47 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320764599.SGD","symbol_name":"FTIF - Templeton China A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475431384","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475431384","pubTimestamp":1728884820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0547 GMT - Anta Sports Products is poised to drive growth through its new superstores, China Galaxy International says in a research report as it maintains the stock's add rating. The Chinese sports-equipment company launched its first \"Super Anta\" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. 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The Chinese sports-equipment company launched its first \"Super Anta\" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 14, 2024 01:47 ET (05:47 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}