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<Research>G Sachs: ANTA SPORTS (02020.HK) Acquisition of PUMA Eases Investor Concerns; Rating Kept at Buy
Recommend 6 Positive 17 Negative 7 |
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ANTA SPORTS (02020.HK) announced before market open yesterday (27th) that it has reached an agreement with Groupe Artemis to acquire its 29.06% stake in Puma, according to Goldman Sachs' research report. Its current earnings forecast for ANTA SPORTS does not yet reflect the impact of this acquisition agreement, the broker added. The Group's share price jumped up 2% at yesterday's close, which may partly reflect the easing of investor concerns over ANTA SPORTS' M&A activities, in Goldman Sachs' view. The current stock price is equivalent to 13x-14x the 2026 PE ratio forecasted by the broker, making the valuation attractive. Therefore, Goldman Sachs kept rating at Buy for the stock, with a 12-month target price of $108. AASTOCKS Financial News Website: www.aastocks.com |
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