Jinwu Financial News | Anta Sports (02020) fluctuated narrowly in the afternoon. As of press release, it fell 2.78% to HK$68.15, with a turnover of HK$0.244 billion.
According to Citigroup, the company's target price was lowered from HK$87.5 to HK$75, which was also lower than the general market forecast, and the rating was downgraded from “buy” to “neutral”. The bank said that Anta management plans to reduce promotion expenses to maintain annual profit performance. This move will weaken long-term momentum and reduce its sales growth forecast from 2025 to 2026 to a high number of units, which is lower than the double-digit growth generally expected by the market. The bank refers to the slowing growth of its Fila brand.