Daiwa Securities: Maintains ANTA Sports (02020.HK) target price of 117 Hong Kong dollars, with a "buy" rating.

According to the Wise Finance APP, Morgan Stanley released a research report stating that it will maintain the target price of 117 Hong Kong dollars for Anta Sports (02020.HK) and an "overweight" investment rating. Morgan Stanley pointed out that Anta's sales growth in May was better than in April, with reasons including: 1) 6.18 shopping festival was 10 days earlier than last year; 2) increase in holidays; 3) weather returning to normal. Offline sales also showed strong performance.