Daiwa Securities published a research report. Anta's performance in the first half of the year was strong, making it the brightest stock in China's sporting goods industry. Against the backdrop of general downward guidelines in the global sporting goods industry, Anta management still maintains sales and operating margin guidelines for all brands, and believes that Anta, Amer Sports, and Asics may be the few brands that maintain or raise the guidelines. According to the bank, Anta and FILA's overseas revenue is expected to gradually increase from about 2 billion yuan at present to 10 billion yuan in the medium term, which is expected to contribute more than 10% to total sales within three to five years. Yamato raised Anta's 2026 and 2027 recurring net profit forecast by 1% and 5%. Even if no major sporting events are held next year, it still has confidence in its profit growth and reaffirmed its “buy” rating. The target price was raised from HK$93 to HK$108.

Daiwa Securities published a research report. Anta's performance in the first half of the year was strong, making it the brightest stock in China's sporting goods industry. Against the backdrop of general downward guidelines in the global sporting goods industry, Anta management still maintains sales and operating margin guidelines for all brands, and believes that Anta, Amer Sports, and Asics may be the few brands that maintain or raise the guidelines. According to the bank, Anta and FILA's overseas revenue is expected to gradually increase from about 2 billion yuan at present to 10 billion yuan in the medium term, which is expected to contribute more than 10% to total sales within three to five years. Yamato raised Anta's 2026 and 2027 recurring net profit forecast by 1% and 5%. Even if no major sporting events are held next year, it still has confidence in its profit growth and reaffirmed its “buy” rating. The target price was raised from HK$93 to HK$108.