Anta Sports Products' Share Price Could Remain Subdued -- Market Talk

Dow Jones15:24

0723 GMT - Anta Sports Products' share price could remain subdued until there are further updates to its possible Puma deal, say DBS Group Research analysts in commentary. The Chinese sports apparel company's offer to buy a 29% stake in Puma has a reported EUR40-a-share asking price, which represents a substantial premium to Anta's forward 16X 2025 and 14X 2026 price-to-earnings ratios, they say. They reckon a deal a the current price would be a negative, given cash depletion and possible equity dilution, as the company could raise funds to alleviate balance sheet pressure. Still, the Puma stake could have limited drag on Anta's earnings as it can be accounted as an associate investment, the analysts say. DBS maintains its buy rating and target price at HK$118.00. Shares fall 1.1% to HK$79.40. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 02:24 ET (07:24 GMT)

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They reckon a deal a the current price would be a negative, given cash depletion and possible equity dilution, as the company could raise funds to alleviate balance sheet pressure. Still, the Puma stake could have limited drag on Anta's earnings as it can be accounted as an associate investment, the analysts say. DBS maintains its buy rating and target price at HK$118.00. Shares fall 1.1% to HK$79.40. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2026 02:24 ET (07:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anta Sports Products' Share Price Could Remain Subdued -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnta Sports Products' Share Price Could Remain Subdued -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-12 15:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0723 GMT - <a href=\"https://laohu8.com/S/ANPDF\">Anta Sports Products</a>' share price could remain subdued until there are further updates to its possible Puma deal, say DBS Group Research analysts in commentary. The Chinese sports apparel company's offer to buy a 29% stake in Puma has a reported EUR40-a-share asking price, which represents a substantial premium to Anta's forward 16X 2025 and 14X 2026 price-to-earnings ratios, they say. They reckon a deal a the current price would be a negative, given cash depletion and possible equity dilution, as the company could raise funds to alleviate balance sheet pressure. Still, the Puma stake could have limited drag on Anta's earnings as it can be accounted as an associate investment, the analysts say. DBS maintains its buy rating and target price at HK$118.00. Shares fall 1.1% to HK$79.40. 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The Chinese sports apparel company's offer to buy a 29% stake in Puma has a reported EUR40-a-share asking price, which represents a substantial premium to Anta's forward 16X 2025 and 14X 2026 price-to-earnings ratios, they say. They reckon a deal a the current price would be a negative, given cash depletion and possible equity dilution, as the company could raise funds to alleviate balance sheet pressure. Still, the Puma stake could have limited drag on Anta's earnings as it can be accounted as an associate investment, the analysts say. DBS maintains its buy rating and target price at HK$118.00. Shares fall 1.1% to HK$79.40. 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