Zhaojin International: Upgraded Anta Sports International (01368.HK) target price to 7.39 Hong Kong dollars, mid-term performance exceeds expectations.

Zhitong Finance and Economics APP learned that Zhongyin International released a research report stating that it raised Anta International's (01368.HK) net profit forecast for the 2025 fiscal year by 3%, but lowered the forecast for the 2027 fiscal year by 3% to reflect better than expected mid-term profitability, lower than expected gross margin, and better than expected operating profit margin for Saucony. The bank maintained a "buy" rating on the company with a target price raised from HK$7.2 to HK$7.39.