Changes in Hong Kong stocks | Anta Sports (02020) rose nearly 3% in the afternoon, institutions are expected to acquire Puma's shares or become an important catalyst for the fourth quarter

The Zhitong Finance App learned that Anta Sports (02020) rose nearly 3% in the afternoon. As of press release, it had risen 2.15% to HK$73.55, with a turnover of HK$472 million.

According to the news, a recent Bank of China International research report pointed out that although the bank maintains a relatively cautious view of the Chinese sporting goods market, it is still optimistic about Anta Sports, believing that the company has a comprehensive competitive advantage and is the industry's first choice. If the company's transaction to acquire Puma's shares is successfully completed, it may also be an important catalyst for the fourth quarter of this year.

Lyon believes that holding 29% of PUMA's shares and Jack Wolfskin can expand Anta's accessible market in professional sports and outdoor activities; productivity improvements, store format upgrades, and online growth can offset store optimization; demand in the third quarter of this year slowed from the first half of the year. After being affected by extreme weather in July, sales in August and September have improved, and Golden Week and Double Eleven will be the key for the company to reach the 2026 fiscal year performance guidelines.