Anta Expected to Benefit From Potential Acquisition of Puma -- Market Talk

Dow Jones01-12

0325 GMT - Anta is expected to benefit from its potential acquisition of Puma, Nomura analysts write in a note. Puma has historically built its brand strength in areas like sports-leisure, football and basketball globally, which complement Anta's existing brands' portfolio that is relatively more focused on running and outdoor segments, they say. Puma's operation has been facing notable difficulties, especially its China business, compared with Anta's operation capability and rich multi-brand management experience in China's sportswear sector, they say. Nomura sees significant room for Anta to improve Puma's on-the-ground operations should the acquisition go through, making Puma the next major brand for Anta. Nomura maintains a buy rating on Anta with a target price of HK$117.00. Shares last at HK$79.30.(jiahui.huang@wsj.com; @ivy_jiahuihuang)

 

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January 11, 2026 22:25 ET (03:25 GMT)

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