East Asia Securities: Anta Sports (02020.HK) fourth quarter sales may rebound, rated "buy"

Zhijing Finance and Economics app learned that Dongfang Securities released a research report, stating that ANTA Sports (02020.HK), as a leading domestic sports goods enterprise, is expected to continue to benefit from the trend of high-quality development of the sports industry driven by national policies and the release of consumer potential. The company's multi-brand strategy and product innovation are seen as advantageous, and it is believed that optimizing product portfolio and acquiring brands can bring new growth drivers. The securities firm pointed out that ANTA's management still maintains the unchanged operating profit margin target, with sales growth guidance for the full year trending positively. It is expected that sales in the fourth quarter will improve. The firm gave a "buy" rating with a target price of 114 Hong Kong dollars, and the current forecast for full-year earnings per share is 4.85 Chinese yuan.