On August 19, ANTA SPORTS rose 3.12% in regular trading, trading at HK$74.35/share, with turnover of HK$134 million. The rise comes as the company's board is scheduled to meet on August 26 to review interim results for the six months ended June 30 and consider dividend distribution, with the approaching earnings window likely prompting early capital positioning.
Previously disclosed Q2 operational data showed the Anta brand and FILA both recorded low single-digit retail sales growth, while other brands including Descente and Kolon Sport grew 25-30%, outperforming peers amid challenging consumer conditions. Management maintained its full-year double-digit revenue growth guidance. The company was also recently ranked second in the China Fashion Retail TOP100 list.
Multiple institutions have reiterated bullish stances: Goldman Sachs maintains a Buy rating with a HK$108 target; CICC maintains an Outperform rating with a HK$110.91 target; Macquarie raised its target to HK$125; Citi maintains Buy and names ANTA SPORTS its top pick in China sportswear. Analysts broadly cite the group's multi-brand resilience, healthy inventory levels, and ability to capture market share from Nike in China as key positives.
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