Capital trends | Northbound funds purchased nearly 6 billion HKD worth of Tencent, while selling Meituan and ANTA SPORTS.

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Gelonghui FinanceJan 9 07:42 ET

Analysts Are Bullish on Top Consumer Cyclical Stocks: ANTA Sports Products (ANPDF), Costco (COST)

TipRanksJan 9 07:10 ET · Ratings

ANTA SPORTS (02020.HK) spent HKD 99.94 million to repurchase 1.268 million shares on January 9.

Gelonghui, January 9th丨ANTA SPORTS (02020.HK) announced that on January 9th, it spent 99.94 million Hong Kong dollars to repurchase 1.268 million shares.

Gelonghui FinanceJan 9 07:08 ET

Yuanta Securities Upgrades ANTA Sports Products to Buy From Hold; Price Target Is HK$105.30

MT NewswiresJan 9 04:21 ET · Ratings

DBS Reaffirms Their Buy Rating on ANTA Sports Products (ANPDF)

TipRanksJan 9 02:55 ET · Ratings

Daiwa: Reiterates ANTA SPORTS 'Buy' rating, Target Price raised to HKD 110.

Daiwa released a research report stating that it has raised the Target Price for ANTA SPORTS (02020) by 2%, from 108 HKD to 110 HKD; it reiterated the "Buy" rating, making it a top pick in the CSI China Mainland Consumer Index sector. The report mentioned that ANTA's operating data last season was strong and exceeded expectations, with FILA's retail sales (RSV) experiencing a rapid recovery, which was a huge positive surprise. The core brand is expected to continue its overseas expansion this year. Management expressed a relatively confident outlook for this year during the analyst conference call and is even more optimistic about overseas expansion. Daiwa stated that based on the encouraging sales trend, it will adjust the company's figures for 2024 to 25.

Sina Hong Kong StocksJan 9 02:39 ET