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Research and Development | CITIC Securities: Maintaining Anta's “Buy” Rating and Expecting the Sales Performance of Various Brands to Gradually Improve in the Next Quarter
According to a report published by CITIC Securities, Anta Sports released operating data for the first quarter, and the turnover of Anta/FILA/other brands increased by 25% to 30%, respectively. The sales schedule is still progressing according to the company's plan, and the current inventory/discount situation of the company's brands has returned to a healthy level. According to the bank, looking ahead to this year, the Anta brand has abundant product/marketing resources related to the Olympics and Owen, the FILA brand's retail indicators are healthy, and the strategic dividends of top brands/products/channels will continue to be released; Descente and Kolon have grasped their respective outdoor market segments to achieve high growth. Looking forward to the report
Komo: Maintaining the Anta Sports (02020) “Accumulation” rating target price of HK$144
Komo expects Anta Sports' sales/profit to increase by 13%/17% year-on-year in 2024, respectively.
Anta to Be Boosted by Stabilizing Retail Discounts -- Market Talk
0851 GMT - Stabilizing retail discounts amid healthy inventory levels could be the key driver for Anta Sports in 2024,Deutsche Bank analysts say in a research note. Anta's retail sales are on track to
[Broker Focus] CMB International maintains Anta (02020) purchase rating and still expects varying degrees of improvement from the 2nd quarter to the 4th quarter
Jinwu Financial News | According to CMB International Development Research Report, Anta (02020) /FILA announced operating figures for the first quarter of '24. The number of units/high number of units in retail traffic growth was lower than the annual target of 10% to 15%. However, considering the high base that was just opened last year, the performance was in line with expectations, and the company's sales achievement rate was above 100%. Online performance is better than offline, and the basketball and running categories are growing well. The bank said it still has confidence in FY24's growth, and believes that there should be varying degrees of improvement from the 2nd quarter to the 4th quarter. Mainly due to: 1) Growth began in late March
Changes in Hong Kong stocks | Sporting goods stocks rose ahead of the Olympic year and may continue to catalyze resilient sports demand in the sports sector
Sporting goods stocks had the highest gains. As of press release, Anta Sports (02020) rose 4.41% to HK$85.2; Pou Sheng International (03813) rose 3.28% to HK$0.63; Taobo (06110) rose 3.16% to HK$5.23; and TEP International (01368) rose 1.83% to HK$4.45.
Analysts Conflicted on These Consumer Cyclical Names: Birkenstock Holding Plc (BIRK), Sands China (OtherSCHYF) and ANTA Sports Products (OtherANPDF)
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