HK Stock Market Move | ANTA SPORTS (02020) rises over 5%; management expects sequential improvement in fourth-quarter retail sales, full-year guidance still expected to be achieved.

ANTA SPORTS (02020) rose over 5%, up 4.55% as of press time at HK$74.7, with turnover of HK$587 million. On the news front, Citi noted in a recent research report that in the third quarter, retail sales of ANTA SPORTS' other brands grew 25% to 30% year-on-year, higher than the bank's original expectation of 20% to 25%. Citi noted that retail sales gradually improved from October 1 to 7 compared with the third quarter, with Anta growing high single digits year-on-year, FILA growing low double digits, and other brands growing more than 20%. Management maintained its full-year 2026 guidance and expects fourth-quarter retail sales to improve sequentially from the third quarter. Changjiang believes that ANTA SPORTS' overall performance at the start of October is expected to be relatively strong. Considering the full layout for Double 11 and the earlier Spring Festival, which is expected to bring forward sales, the full-year guidance is still expected to be achieved. In the medium to long term, the Anta and FILA brands are expected to maintain steady growth, brands such as Descente and Kolon will maintain differentiated operating capabilities and strong competitiveness, the restructuring of Jack Wolfskin and Puma is gradually showing results, and the global development strategy remains clear.