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ANTA SPORTS Rises 1.7% Against Mkt as Brokers Say Amer Quarterly Results Beat Provides Positive Boost
Recommend 6 Positive 13 Negative 7 |
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ANTA SPORTS (02020.HK) opened 0.07% higher today (20th), reaching a peak of HKD77.15. It last reported at HKD77, up 1.72% against the market trend, with a turnover of 2.2062 million shares, involving HKD169 million. AASTOCKS Financial News compiled the latest investment ratings, target prices and views on ANTA SPORTS from three brokers as follows: Brokers | Ratings | TPs | Core Views Goldman Sachs | Buy | HKD108 Associate company Amer Sports delivered 1Q results that beat expectations across the board and raised its full-year guidance. Revenue growth in Greater China remained strong at 44.5%, providing a positive boost to ANTA SPORTS. Citi | Buy | HKD107 Amer delivered strong 1Q results and raised full-year guidance, reflecting continued growth momentum in the outdoor segment. Its success in Greater China also validates the operational synergies with ANTA SPORTS, supporting ANTA SPORTS future management of Puma's China business. Morgan Stanley | -- | -- Following Amer's guidance uplift, it was expected to contribute up to RMB2 billion in investment income to ANTA SPORTS this year, fully offsetting the decline in NII caused by the Puma transaction and lower interest rates, further validating ANTA SPORTS ability to create long-term value through strategic M&A. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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