The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that maintaining the “gain” rating of Anta Sports (02020), it is estimated that this year's sales and profit are expected to increase by 13% and 17% year on year, respectively, and the target price will be raised from HK$140 to HK$144.

According to the report, the company's performance last year beat expectations. Profit increased 35% year over year, and the performance was better than the forecast of 6%, while sales growth, gross margin and operating profit margin performance were all in line with expectations. It also said that the Group's Anta brand and Fila guidelines both maintained 10% to 15% retail sales growth this year, easing some investors' concerns about lowering their guidelines.