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Goldman Sachs published a research report saying that Anta Sports 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. Management is still confident of reaching and maintaining full-year guidance. Currently, it is predicted that the Group's net profit will record double-digit growth next year, and benefit from Puma's potential synergies in China and the benefits of the earlier Lunar New Year, giving it a target price of HK$105, with a rating of “buy”.
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Goldman Sachs published a research report saying that Anta Sports 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. Management is still confident of reaching and maintaining full-year guidance. Currently, it is predicted that the Group's net profit will record double-digit growth next year, and benefit from Puma's potential synergies in China and the benefits of the earlier Lunar New Year, giving it a target price of HK$105, with a rating of “buy”.
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