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<Research>UOB Kay Hian Drops ANTA SPORTS (02020.HK) TP to $103.4 as 2026 Operating Profit Margin to Face Pressure
Recommend 5 Positive 9 Negative 4 |
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ANTA SPORTS (02020.HK)'s main brand 4Q25 retail sales missed expectations, recording a low single-digit decline, according to UOB Kay Hian's research report. In contrast, the Fila brand achieved mid-single-digit growth, with an accelerated QoQ growth rate, while all other brands continued to maintain strong growth of 35-40%. The management expected the Group's operating profit margin to face pressure in 2026, mainly due to the need for sustained investment in both the ANTA and Fila brands, along with the drag from the Jack Wolfskin brand. Therefore, the broker kept rating at Buy for ANTA SPORTS, but dropped its target price by 3% to $103.4. AASTOCKS Financial News Website: www.aastocks.com |
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