Macquarie: Anta Sports (02020) performed steadily for the second quarter, and the target price rose to HK$125

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that Macquarie released a research report saying that Anta Sports (02020)'s sales performance in the second quarter was steady, while retail sales of the Anta brand recorded a low unit increase in the second quarter. Management revealed that they are confident of achieving sales targets for the whole year, and FILA retail sales also recorded a low unit increase. The bank believes that in a challenging environment, Anta continues to outperform its peers and seize market share, maintaining a “outperforming market” rating. The target price was raised from HK$124 to HK$125. Macquarie raised Anta's 2026-2028 profit forecast by about 1% to reflect the better-than-expected performance of other brand categories.