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<Research>JPM Keeps Overweight on ANTA SPORTS with TP HKD141
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ANTA SPORTS (02020.HK)'s 4Q25 operating performance was in line with expectations, according to JPMorgan's research report.

However, while the FILA and other brands maintained growth momentum, the core ANTA brand's retail sales recorded a low single-digit YoY decline, slightly below expectations.

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JPMorgan has kept an Overweight rating on ANTA SPORTS, with a target price of HKD141.
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