BUZZ-ANTA Sports hits 9-month low on ANTA brand's weak Q4 sales

Reuters01-21 12:58
BUZZ-ANTA Sports hits 9-month low on ANTA brand's weak Q4 sales

** ANTA Sports Products 2020.HK falls 6.1% to HK$77.55, lowest since April 9

** Stock set for biggest one-day pct drop since April 7; top pct loser on Hang Seng Index .HSI, which is up 0.2%

** China home-grown sports group's Q4 retail sales value of ANTA branded products records low single-digit negative growth y/y

** Retail sales value of FILA branded products sees mid single-digit positive growth

** Co logs 35%-40% growth in all other brands

** Citi ("Buy") says FILA business, other brands slightly beat expectations; ANTA business slightly misses forecast

** Nomura ("Buy") trims PT to HK$116.3 from HK$117, saying ANTA brand saw weakening sales trend

** Adds FILA sales maintained good momentum in Q4; overall FY26 margin seen under pressure

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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