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<Research>Nomura Cuts ANTA SPORTS TP to HKD116.3 w/ Rating Kept Buy
Recommend 6 Positive 12 Negative 6 |
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ANTA SPORTS (02020.HK) showed signs of slowing in its main brand amid an overall weak industry sales environment last quarter, even though the sales momentum of the FILA brand continued to improve, Nomura wrote in its research report. Throughout 2025, the core ANTA brand and FILA achieved low single-digit and mid-single-digit sales growth, respectively, meeting ANTA SPORTS' expectations. The group's retail sales also recorded double-digit growth YoY, which Nomura considers a relatively satisfactory growth level in the sportswear industry. Nomura has lowered its target price for ANTA SPORTS from HKD117 to HKD116.3, with an unchanged Buy rating. AAStocks Financial News |
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