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[Brokerage Focus] Fangzheng Securities maintains a "strong recommendation" rating on Anta Sports (02020), pointing out that its growth has long-term sustainability.
Jingu Financial News | Fangzheng Securities issued research reports stating that Anta Sports (02020) in 3Q24 saw an increase in the number of Anta brand transactions on a monthly basis, with significant fluctuations. In terms of business, Anta's large goods and children's products are showing growth in mid-single digits, while the e-commerce channel continues to grow by 20%+. Looking at different city levels, Anta's core brand performance is relatively strong; street-side stores and sinking channels are under some pressure. Anta's offline discount remains stable, online discount rates have improved; inventory turnover days are kept within 5 months, maintaining a healthy level of dynamic management. The firm continues to point out that the performance of Anta and Fila brands during the golden week exceeded expectations, with
In September, textile and apparel export volume was 24.78 billion US dollars, a year-on-year decrease of 3.8%.
According to the latest data released by the General Administration of Customs on October 14, textile and apparel exports in September decreased by 3.8% year-on-year and 11.3% month-on-month in terms of US dollars. Among them, textile exports fell by 2.1%, and apparel exports fell by 5.1%.
CICC raises anta sports target price to 106 Hong Kong dollars, maintaining an 'outperform' rating.
CICC International released a report stating that supported by a compound annual growth rate (CAGR) of 18% for 2024-2026 earnings, the target price of Anta Sports (02020) has been raised by 17.8%, from 90 Hong Kong dollars to 106 Hong Kong dollars, maintaining an 'outperform' rating. The bank pointed out that Anta's brand recorded good sales growth during the National Day holiday, expecting holiday sales and effective product launches to support sales in the fourth quarter, while healthy inventory levels can also support strong profit margins for the entire year.
Yuanta Securities Downgrades ANTA Sports Products to Hold From Buy; Price Target Is HK$109.50
Hong Kong Stocks Fall on Uncertainty in Further Stimulus; Pharma Firms Lead Decline
[Hong Kong Stock Connect] Anta Sports (02020) fell by 8.54% in Q3, with revenue falling short of expectations. Multiple institutions believe that the company's stock price is facing downward pressure.
King's Wealth News | Anta Sports (02020) stock price was under pressure all day, as of the time of publication, it fell by 8.54%, closing at 91.55 Hong Kong dollars, with a turnover of 3.442 billion Hong Kong dollars. On the news front, Citigroup published a research report stating that after Anta's sales performance in the second quarter fell short of expectations, management lowered its guidance at the end of August. However, Anta's subsidiary Fila did not meet sales targets in the third quarter, prompting management to withdraw its full-year revenue guidance. The bank believes that this highlights Fila's structural decline. Considering Nike's industry destocking efforts, it is expected that Fila's operating profit in the second half of the year may decline, and in the fourth quarter...