Citibank: Raises target price for ANTA SPORTS (02020) to 112.7 Hong Kong dollars, maintains "buy" rating.

Citibank released a research report stating that although it has maintained its profit forecast for ANTA SPORTS (02020), it has adjusted the valuation benchmark to a 26-year expected price-earnings ratio, previously at 25 years, in line with the bank's valuation updates for other Chinese sportswear companies. Calculated at a target price-earnings ratio of 20 times the 2026 target, ANTA's target price has been raised from HK$109.7 to HK$112.7, maintaining a "buy" rating. The preference for the Chinese sportswear sector remains unchanged, with ANTA being the top choice.