UBS: Raises Target Price of Anta Sports International (01368.HK) to 5.78 Hong Kong Dollars, Expects Faster Revenue Growth for Skechers.

The Zhitong Finance APP learned that UBS released a research report stating that the inventory and discount levels of Xtep International (01368.HK) in the second quarter are similar to those in the first quarter, with healthy inventory levels and retail discounts maintained at 25 to 30%. The group expects Saucony's revenue to grow by 30 to 40% year-on-year this year, while revenue from the Xtep brand is expected to show positive growth. Management maintains the group's target of a year-on-year net profit growth of over 10%, and indicates that Saucony's operating profit margin this year will be in the high single digits, improving to over 15% by 2027. The bank has raised Xtep's target price from HK$5.44 to HK$5.78 and maintains a "neutral" rating.