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RTNominal down80.400 -0.250 (-0.310%)

06/07/2020 17:46

China Renaissance starts Anta Sports (02020) at HK$82.11

[ET Net News Agency, 6 July 2020] China Renaissance Securities initiated coverage on
Anta Sports Products (02020) with a "buy" rating and target price of HK$82.11.
It said Anta replicated the successful brand model to FILA, which helped drive its
"multi-brand, multi-category, multi-channel" business strategy. China Renaissance believes
Anta may replicate the brand model to Amer Sports, a brand recently acquired in 2019 that
could become a future growth driver.
It expects Amer Sports'EBIT margin to improve from 7.8% in 2018 to 11.0% in 2025. (KL)

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