Analyst Walter Woo from CMB International Securities maintained a Buy rating on ANTA Sports Products (ANPDF – Research Report) and decreased the price target to HK$120.86 from HK$126.68.
Walter Woo has given his Buy rating due to a combination of factors that indicate a positive outlook for ANTA Sports Products. The company’s performance in early 2025 has been promising, with retail sales for its brands such as Anta, FILA, Descente, and Kolon either meeting or exceeding expectations. This encouraging trend suggests that the company is on track to achieve its sales targets despite a conservative guidance for FY25.
Furthermore, ANTA’s strategic initiatives, including the expansion of Anta Super stores and Champion stores, as well as its foray into overseas markets, are expected to drive significant growth. The opening of new stores and the introduction of popular products like PG7 are likely to enhance sales and improve margins. While there may be short-term challenges such as inventory clearance, the long-term prospects appear strong, supported by cost efficiencies and strategic market positioning.
In another report released yesterday, CLSA also maintained a Buy rating on the stock with a HK$114.00 price target.
ANPDF’s price has also changed moderately for the past six months – from $9.530 to $11.920, which is a 25.08% increase.