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<Research>Citi Raises ANTA SPORTS (02020.HK) TP to $112.7, Maintains Buy Rating
Recommend 11 Positive 15 Negative 3 |
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Although Citi maintained its earnings forecast for ANTA SPORTS (02020.HK), it rolled over its valuation based onto 2026E P/E, vs 2025E P/E previously, aligning with the broker's updated valuations for other China sportswear companies. Calculating with a 20x targeted 2026E P/E, Citi raised ANTA's target price from HK$109.7 to HK$112.7, maintaining a Buy rating. Citi's preference for the China sportswear remained unchanged, with ANTA, TOPSPORTS (06110.HK), and LI NING (02331.HK) in pecking order. AASTOCKS Financial News Website: www.aastocks.com |
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