Movement Alert|ANTA SPORTS Rises 3.31% in Regular Trading, Multiple Major Banks Reiterate Buy Ratings

Market Focus07-29

On July 29, ANTA SPORTS rose 3.31% in regular trading, trading at 79.7 HKD/share, with turnover of HKD 97.20 million.

On the news front, multiple international investment banks have recently issued research reports reaffirming bullish outlooks on ANTA SPORTS. Goldman Sachs reiterated its buy rating with a target price of HKD 108; Citibank initiated a 30-day positive catalyst watch, citing optimism over the company capturing Nike China market share; Macquarie raised its target price to HKD 125; and CICC maintained its outperform rating with a target of HKD 110.91.

The company's Q2 operational data showed that both the Anta brand and FILA recorded low single-digit growth, while premium outdoor brands Descente and Kolon achieved 25%-30% growth. Inventory and discount levels remained healthy, and management reiterated its full-year double-digit revenue growth target. Analysts noted that the multi-brand matrix demonstrated strong resilience amid a challenging consumer environment and intensified industry competition.

(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.)

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