According to the research report released by ANXIN International, anta sports (02020) announced its revenue situation in the second quarter of 24, with high double-digit growth recorded in anta main brand YoY, moderate double-digit growth in FILA YoY, and 40-45% growth in other brands YoY.
The bank believes that as a leading enterprise in China's sporting goods industry, the company will enjoy the dividends brought by industry development. After comprehensive consideration, the bank predicts EPS from 2024 to 2026 to be 4.26/4.88/5.46 yuan, with a target price of HKD 115 based on 25 times PE in 2024 and maintaining the “buy” rating.