Anta Sports Products' Superstores Could Drive Growth -- Market Talk

Dow Jones10-14

0547 GMT - Anta Sports Products is poised to drive growth through its new superstores, China Galaxy International says in a research report as it maintains the stock's add rating. The Chinese sports-equipment company launched its first "Super Anta" store in April and targets opening 50 such stores by end-2024, analyst Lei Yang notes. These larger stores, which offer more value products than its regular stores, have achieved better sales per store, the analyst adds. However, the brokerage trims its 2024-2026 EPS forecasts for the company by 0.5%-0.7% to reflect weak Fila brand sales. It cuts the target price to HK$116.00 from HK$117.00. Shares are 7.0% lower at HK$93.10. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 14, 2024 01:47 ET (05:47 GMT)

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The Chinese sports-...</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":"BK1521","symbol_name":"挪威政府全球养老基金持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475431384","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475431384","pubTimestamp":1728884820,"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":"0547 GMT - Anta Sports Products is poised to drive growth through its new superstores, China Galaxy International says in a research report as it maintains the stock's add rating. 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