0309 GMT - A controversial fireworks show sponsored by Arc'teryx, a brand of Anta Sports, is seen to have limited direct impact on Anta's other outdoor brands, Citi analysts say in a research note. The show in Tibet's Himalayas faces backlash on China's social media, criticized for ecology and cultural disrespect, Citi says. The negative publicity is currently limited to Arc'teryx, which is owned by Anta's associated company Amer Sports, they say, adding that Descente and Kolon, Anta's directly operated outdoor brand, are likely to see marginal impact. Citi has a buy rating on Anta, with a target price of HK$111.60. Shares of Anta Sports drops 3.0% to HK$93.90. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
September 21, 2025 23:09 ET (03:09 GMT)
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