Anta Sports May See Resilient Earnings This Year Despite Weak Industry -- Market Talk

Dow Jones03-27

0752 GMT - Anta Sports may see resilient earnings in 2024, despite weak growth in the sportswear industry, HSBC Global Research analysts write in a note. Anta's 2023 earnings were mostly in line with expectations, but surpassed almost all competitors. The additional CNY1.6 billion revaluation gain from the listing of its Amer Sports unit would also help the company's earnings, the analysts add. HSBC also likes the company's multi-brand strategy, which it says could bring more growth opportunities. The brokerage keeps its buy rating for the stock and raises its target price to HK$113.40 from HK$109.10. Shares were last at HK$82.10. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 27, 2024 03:52 ET (07:52 GMT)

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Anta's 2023 earnings were mostly in line with ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02020","symbol_name":"安踏体育","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422955847","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422955847","pubTimestamp":1711525920,"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":"0752 GMT - Anta Sports may see resilient earnings in 2024, despite weak growth in the sportswear industry, HSBC Global Research analysts write in a note. 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