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<Research>Jefferies: Focus on ANTA SPORTS (02020.HK) Destocking Risk/ Anta Brand Profit Margin Outlook Stayed
Recommend 2 Positive 7 Negative 5 |
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Jefferies released a research report continuing to monitor ANTA SPORTS (02020.HK)'s channel inventory risk and the profit margin outlook for its ANTA brand . The broker believed that it is too early to buy ANTA SPORTS' shares at this stage, and kept rating at Hold for the stock, with a target price of $95. Affected by adverse weather conditions and other factors, ANTA it is estimated that ANTA SPORTS' current channel inventory has exceeded five months, Jefferies added. If the excess inventory is held by ANTA SPORTS' franchisees, the difficulty of destocking is expected to increase significantly. AASTOCKS Financial News Website: www.aastocks.com |
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