HK Stock Market Move | ANTA SPORTS (02020) rose more than 3% in the afternoon. Anta plans to invest 1.5 billion euros to acquire Puma's shares. JP Morgan said this will not affect the dividend policy.

ANTA SPORTS (02020) rose more than 3% in the afternoon, with an increase of 3.18% as of the press time, reaching HK$79.45 with a turnover of HK$9.58 billion. On the news front, ANTA SPORTS plans to acquire 29.06% stake in German sports brand PUMA for 1.5 billion euros (about RMB 12.3 billion) and become its largest shareholder after the transaction is completed. JP Morgan believes that considering Puma's brand history, its advantages in professional sports fields such as football and running, as well as its international market layout in Europe, Latin America, and other countries, the price is reasonable. The bank also emphasized that the acquisition funds will all come from ANTA's internal resources. As of the first half of 2025, the company's net cash reached RMB 31.5 billion, enough to handle the transaction and still have the ability to maintain the dividend policy, eliminating market concerns about financing pressure. It is estimated that the impact of the transaction on ANTA's net profit in 2026 will only be in the low single-digit percentage.