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CITIC Securities: Maintain ANTA SPORTS "outperform the industry" rating and raise Target Price to HKD 120.92.
CICC released a Research Report stating that they essentially maintain ANTA SPORTS (02020) EPS forecasts for 2025/26 at 4.81/5.41 yuan unchanged. The current stock price corresponds to a PE of 19/17 times for 2025/26. The rating of "Outperform Industry" is maintained. Considering the upward shift of the Sector valuation center, the Target Price has been raised by 16% to HKD 120.92, corresponding to a PE of 24/21 times for 2025/26. The company is confident in the development of Consumer spending, guiding that the revenue of the ANTA brand is expected to grow by high single digits year-on-year, the revenue of the FILA brand is expected to grow by mid-single digits year-on-year, and the revenue of Other brands is expected to grow by 30%.
Returns Are Gaining Momentum At Amer Sports (NYSE:AS)
Anta Group: Revenue in 2024 is expected to exceed 70.8 billion yuan, a year-on-year growth of 13.6%.
On March 19, Anta Group released its annual performance announcement for 2024. The earnings report shows that in 2024, Anta Group's revenue reached a historical high, increasing by 13.6% year-on-year to 70.826 billion yuan, maintaining the top position in the entire Industry market in China for three consecutive years; the group's operating profit rose by 8% year-on-year to 16.595 billion yuan. It is reported that the Amer Sports acquired by Anta Group has successfully been listed on the NYSE, with 2024 revenue growing by 17.8% year-on-year to 5.183 billion USD, converting to 37.752 billion yuan at applicable exchange rates, driving the momentum for both Anta Group and Amer Sports.
Shares of Apparel Companies Are Trading Higher Amid a Continued Market Rebound Despite Mixed Sales Data.
Express News | Shares of Apparel Companies Are Trading Higher Amid a Continued Market Rebound Despite Mixed Sales Data
BofA Securities Maintains Amer Sports(AS.US) With Buy Rating, Maintains Target Price $35
