CCB International: Raising the target price of Anta Sports (02020) to HK$106 to maintain “outperform the market” rating

The Zhitong Finance App learned that CCB International published a report stating that the target price for Anta Sports (02020) was raised by 17.8%, from HK$90 to HK$106, supported by the compound annual growth rate (CAGR) of 2024-2026, maintaining the rating of “outperforming the market.”

According to the bank, the Anta brand recorded good sales growth during the National Day holiday. It is expected that holiday sales and effective product launches will support the Anta brand's fourth quarter sales, and healthy inventory will also support good profit margins throughout the year.