The Zhitong Finance App learned that Anta Sports (02020) rose nearly 3%. As of press release, it had risen 2.42% to HK$74.2, with a turnover of HK$185 million.

According to the news, recently, Anta Sports announced that it has completed the acquisition of 29.06% of Puma's shares for 1.51 billion euros, becoming its largest shareholder. Citi expects that Anta Sports management will 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.

Lyon said that the completion of the deal will add another global brand to Anta Group's brands. Currently, Puma's sales in Greater China account for only about 7% of its total sales, far lower than 17% to 30% of the global sportswear industry, and there is still potential for growth. Lyon believes that Puma's sales continued to improve in the third and fourth quarters, and gross margin expanded year-on-year in the second half of the year. Currently, the bank expects Anta Sports' adjusted net profit compound annual growth rate of about 12% from 2026 to 2028.

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