BUZZ-China's ANTA Sports hits 4-month peak on higher profit, dividend

Reuters03-26

** Shares of China's home grown sportswear group ANTA Sports Products rise 3.8% to HK$84.10, their highest since Nov 21, and on course for a second session of gain

** Stock marks the biggest one-day pct gain since March 12

** Co says its 2023 net profit up 44.9% YoY to 10.95 bln yuan ($1.52 bln) with revenue up 16.2% YoY to 62.36 bln yuan and co proposes a final dividend of HK$1.15 per share, compared with HK$0.72 each in the previous year

** Jefferies says ANTA's 2H23 earnings likely came in higher than the latest market consensus and the beat is driven by expanding profitability at operating segments including ANTA brand and Fila

** Hang Seng Consumption Index climbs 0.8%, Hang Seng Composite Index gains 0.4% and Hang Seng Index

adds 0.6%

** Stock up 9.1% YTD

($1 = 7.2171 yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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