Komo: Maintaining the Anta Sports (02020) “Accumulation” rating target price of HK$130

The Zhitong Finance App learned that J.P. Morgan Chase released a research report saying that although retail trends from the third quarter of Anta Sports (02020) are still weak, management maintains guidance throughout the year. The bank believes that as the company's market share continues to increase this year, it can still reach full-year guidelines, and regards Anta as the preferred stock in China's sportswear sector. Motong said that although there is still uncertainty in the macro environment, it believes that Anta's ability to execute, combined with its multi-brand platform and extensive overseas expansion, will be enough for it to continue to enjoy a higher valuation premium than its peers. The bank maintained the company's “gain” rating, with a target price of HK$130.