Anta Sports (2020.HK): Strong 18H1 Results with FILA Continuing Rapid Growth October 25, 2018

Investment Summary

Anta is a leading sportswear player in PRC. During previous three quarters, Anta delivered strong results and Q4 performance is expected to maintain strong, given more festival promotions and online shopping festival to boost sales. Previously, Anta announced potential acquisition of Amer Sports, a Finnish-based leading sportswear producer, together with a PE fund, which will enrich Anta`s product portfolio further. We maintain TP HKD47.3. (Closing price at 19 Oct 2018)

About the author

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Eurus Zhou
Phillip Securities (HK)

Graduated from Hong Kong Polytechnic University, Master of Finance (Investment Management). Possess bachelor degree majoring in Financial Management from Southwestern University of Finance and Economics. Focus on industry prospect and corporate fundamentals to explore investment value and cover pharmaceutical and consumer industry.

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