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<Research>G Sachs: ANTA SPORTS (02020.HK) Marching towards Full-yr Target Healthily
Recommend 3 Positive 8 Negative 0 |
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In its research report, Goldman Sachs said ANTA SPORTS (02020.HK)'s core brands, Fila and other brands grew by mid-single digits, high-single digits, and 25%-30% respectively in 1Q24, broadly in line with street consensus, with Anta's brands slightly ahead of forecast, thanks to new product launches in the second half of March that juice faster sales. In terms of channels, Anta core and Fila outshone online vs. offline, given new product launch and strong online execution, as well as base effect. Meanwhile, the brands' inventory and discount levels further improved, indicating a healthy growth path. Goldman Sachs rated ANTA SPORTS Buy with a target price of $115. AAStocks Financial News |
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