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<Research>Citi Keeps Buy on ANTA SPORTS; All Puma Acquisition Negatives Already Priced In
ANTA SPORTS (02020.HK) announced this morning (27th) the acquisition of a 29% stake in sports brand Puma for EUR1.5 billion, making it Puma's largest shareholder upon completio...
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<Research>Citi Keeps Buy on ANTA SPORTS; All Puma Acquisition Negatives Already Priced In
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ANTA SPORTS (02020.HK)  -0.900 (-1.155%)    Short selling $246.58M; Ratio 17.143%   announced this morning (27th) the acquisition of a 29% stake in sports brand Puma for EUR1.5 billion, making it Puma's largest shareholder upon completion, according to a report from Citi.

From Citi's perspective, since the market has already been bracing itself for this acquisition, it has largely priced in the related negatives into ANTA SPORTS' share price. Citi has kept a Buy rating on ANTA SPORTS, with a target price of HKD107.

Related NewsBOCI Expects Puma to Take Longer to Bring Significant Profit to ANTA SPORTS w/ Potential for More M&As in Future
With the Puma acquisition and ANTA SPORTS' cautious outlook for 2026 fully communicated to the market, short-term negative factors have been mostly priced in. Citi's industry stock picks are ANTA SPORTS > TOPSPORTS (06110.HK)  +0.060 (+2.143%)    Short selling $2.60M; Ratio 10.358%   > LI NING (02331.HK)  -0.060 (-0.296%)    Short selling $67.00M; Ratio 15.668%   , all rated Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-01-28 16:25.)

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