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Top Gap Ups and Downs on Friday: AZN, SNY, BBVA and More
Amer Sports | 6-K: Report of foreign private issuer (related to financial reporting)
Amer Sports, Inc. Announces Filing of Annual Report on Form 20-F
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.
