The Zhitong Finance App learned that Goldman Sachs released a research report saying that the management of Anta Sports (02020) is still confident of reaching and maintaining the full-year guidance, predicting that the Group's net profit will record a double-digit increase next year. The bank gave a target price of HK$105, maintaining a “buy” rating.

According to the bank, the FILA brand's performance is in line with expectations, while brands such as Descente and Kolon recorded strong growth of 25% to 30%; it is expected that the share of outdoor brands with higher profit margins will increase, which will support the group's overall profit margin. Management revealed that the fourth quarter had a steady start. Sales performance during the National Day holiday was better than Goldman Sachs' channel checks, and the Double 11 pre-sale was generally in line with expectations. Goldman Sachs anticipates that next year's Lunar New Year will further benefit fourth quarter sales; the Group will also benefit from Puma's potential synergy in China and the benefits of an earlier Lunar New Year.

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