Bank of China International released a research report stating that maintaining the “buy” rating of Anta Sports (02020.HK), the forecast for revenue growth of 14% for the 2024 fiscal year remains unchanged, and the company is expected to achieve more sales in the second half of this year. At the same time, the core brands are expected to increase by about 10% year-on-year, with a target price of HK$97.5. In view of the company's high base last year, the company's operating performance in the first quarter of fiscal year 2024 was in line with market expectations to a certain extent. The bank believes that Anta's major brands will still achieve moderate growth in the first quarter of 2024, but the figure is below the annual growth target of 10% to 15%.
中银国际：维持安踏体育(02020.HK)“买入”评级 目标价97.5港元
Bank of China International: Maintaining Anta Sports (02020.HK) “Buy” Rating Target Price of HK$97.5
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