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CICC: Maintain ANTA SPORTS (02020) outperforming industry rating with a Target Price of HKD 120.92.
Anta Group has been upgraded three levels to an A rating on the MSCI ESG rating for two consecutive years and was selected for the Dow Jones Leading Emerging Markets Index for the first time, becoming the only footwear and apparel company among the six mainland Chinese enterprises.
ANTA Sports Products' (HKG:2020) Five-year Earnings Growth Trails the 8.7% YoY Shareholder Returns
A wave of buybacks in Hong Kong stocks, with 172 listed companies repurchasing 53.7 billion, and the buybacks have been continually increasing in recent years.
① A wave of stock buybacks has been sparked in the Hong Kong stock market, with 172 listed companies having implemented buybacks totaling 53.708 billion HKD; ② The main players in Hong Kong stock buybacks remain leading companies in the Internet and financial sectors, but some pharmaceutical and Consumer firms have also increased their buyback efforts.
Hong Kong stocks are experiencing fluctuations | Sporting Goods stocks are rising as the Sports Industry welcomes Bullish news recently, and the penetration rate of domestic sports shoes and clothing is expected to accelerate.
The sporting goods stocks collectively rose. As of this report, POU SHENG INT'L (03813) increased by 4.35%, trading at 0.48 HKD; XTEP INT'L (01368) rose by 4.25%, trading at 4.91 HKD; TOPSPORTS (06110) went up by 3.2%, trading at 2.9 HKD.
[Brokerage Focus] The Pacific Securities maintains a "Buy" rating on ANTA SPORTS (02020), as the logic of long-term prosperity in the sports Industry remains unchanged.
Jinwu Financial News | The Pacific Securities issued a research report indicating that ANTA SPORTS (02020) recently announced the Company Business Data for Q1 2025, with overall revenue growth in double digits. In particular, ANTA/FILA/Other brands (including Descente, Kelong, MAIA) have achieved year-on-year growth in high single digits, high single digits, and 65%-70% respectively, with revenue performance exceeding expectations. The firm stated that the logic of the long-term high prosperity of the sports Industry remains unchanged, with differentiated Consumer behavior. In this context, the high cost-performance ratio of the mass market and the niche, beautiful segments work in parallel. As a multi-brand sports goods group, the major brands under the group are all in leading positions in their respective segments.
Minyin International: Maintaining a "Buy" rating for ANTA SPORTS (02020) with a Target Price of 112 HKD.
The bank believes that in the next 3-5 years, Wolf Claw China is expected to replicate the group’s successful experience, reaching a scale of 3-5 billion.