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<Research>Citi Likes Potential in ANTA SPORTS (02020.HK) Acquisition of Puma w/ TP $107
Since ANTA SPORTS (02020.HK) announced its acquisition of Puma, investors' questions have primarily focused on whether this acquisition will bolster or hinder ANTA SPORTS' ...
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<Research>Citi Likes Potential in ANTA SPORTS (02020.HK) Acquisition of Puma w/ TP $107
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Since ANTA SPORTS (02020.HK)  +2.500 (+3.203%)    Short selling $311.87M; Ratio 114.937%   announced its acquisition of Puma, investors' questions have primarily focused on whether this acquisition will bolster or hinder ANTA SPORTS' business in China, Citi Research issued a research report saying.

With reference to ANTA SPORTS' past acquisition models and the broker's discussions with Chinese retailers, Citi Research anticipated that, aside from the potential rapid growth in brand revenue from reshaping Puma's China business, ANTA SPORTS might integrate Puma China's retail/ distribution operations. Even with ANTA SPORTS holding only a 29% stake in Puma, this could present a surprising upside potential.

Therefore, the broker maintained its recommendation order for China's sportswear sector as ANTA SPORTS, with a target price of $107, followed by TOPSPORTS (06110.HK)  -0.120 (-4.494%)    Short selling $8.07M; Ratio 26.190%   and LI NING (02331.HK)  0.000 (0.000%)    Short selling $167.05M; Ratio 173.206%   , with all rated at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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