The Zhitong Finance App learned that Citi released a research report stating that it maintains the “Buy” rating of Anta Sports (02020), with a target price of HK$108.8. Anta has completed the acquisition of about 29% of Puma's shares, and the transaction time was about one month ahead of the bank's forecast. The bank expects management to provide substantive explanations on the strategic blueprint for Puma's future business in China during the third quarter retail sales conference call. The bank has a positive opinion on Anta's possible integration of Puma's retail and distribution business in China after completing the transaction. The bank's preferences for the industry are Anta Sports, Li Ning (02331), and Taobo (06110) in that order.

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