DongA Securities: Anta Sports (02020.HK) fourth quarter sales may rebound, rated "buy"

Wisdom Financial APP learned that East Asia Securities released a research report stating that Anta Sports (02020.HK), as a leading domestic sports equipment company, is expected to continue to benefit from the trend of high-quality development of the sports industry driven by national policies and the release of consumption potential. At the same time, the company's multi-brand strategy and product innovation are seen as advantages, and it is believed that optimizing the product portfolio and acquiring brands can bring additional growth momentum. The firm pointed out that Anta's management still maintains its operating profit margin target unchanged, with sales growth prospects improving for the full year, and expects sales to improve in the fourth quarter. It is recommended to "buy" with a target price of HK$114, and the current forecast for full-year earnings per share is 4.85 yuan.