CICC: Maintains Anta Sports (02020.HK) Outperform Rating with Target Price of 120.92 Hong Kong Dollars.

According to the Wisdom Financial APP, CICC released a research report stating that it maintains the unchanged EPS forecast for Anta Sports (02020.HK) for 2025/26 at HK$4.81/5.41. The current stock price corresponds to a 2025/26 P/E ratio of 18.0/15.8 times, maintaining an outperform industry rating. The target price is maintained at HK$120.92, corresponding to a 2025/26 P/E ratio of 23.7/20.7 times. The company recently announced its 2024 ESG report. Anta Group has seen continuous three-level promotion to grade A in an MSCI ESG rating over the past two years, and has been included for the first time in the Dow Jones Emerging Market Index, becoming the only footwear and apparel company among 6 mainland Chinese companies.