Anta Sports (2020.HK): Strong 18H1 Results with FILA Continuing Rapid Growth August 21, 2018

Investment Summary

Anta announced interim results and we highlight that 1) Fila performance exceeds expectation; 2) new brands continue improving store network; 3) E-commerce will account for 20%-30% of revenue in future. We expect that the company will leverage on strong distribution channels and store network as well as the launch of new popular products to consolidate its leading position. (Closing price at 17 Aug 2018)

About the author

Profile photo of Eurus Zhou

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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