Citi released a research report stating that it reiterates ANTA SPORTS (02020) 'Outperform' rating with a Target Price of HKD 108. The bank expects the company's sales and recurring net profit in the second half of 2024 to grow by 10% and 5% year-on-year, respectively, and by 12% and 16% in the fiscal year 2024. The bank predicts that sales for ANTA, Fila, and other brands for the fiscal year 2024 will grow by 10%, 6%, and 41% year-on-year, respectively. In terms of profit, it is expected that the operating profit margins for ANTA, Fila, and other brands in the fiscal year 2024 will be approximately 21%, 25%, and 27% respectively, in line with guidance.
里昂：重申安踏体育“跑赢大市”评级 目标价108港元
Citi: reiterates ANTA SPORTS 'Outperform' rating with a Target Price of HKD 108.
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